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Agriculture in India is highly dependent on the monsoons and can thus be called a gamble. With agriculture being an important part of the.


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The Indian budget is a gamble on the monsoon” is a clichéd statement that has The quantum and distribution of the southwest monsoon rains over India during June to No more gambling on who coined the phrase first.


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India floods: Monsoon rains kill at least 16

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Prime Minister Manmohan Singh's government is gambling on a normal monsoon this year to boost weak economic growth. Weather forecasting.


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'Monsoon arrives in Kerala, to be normal this year': IMD

It is the combination of its annual regularity of return, but particular uncertainty of where and how much it will unload — and the high stakes, of every kind, linked to the result — that makes it such a magnet for meteorological study. Official British policy in India was to prevent gambling, and so in two Gujarati merchants were arrested and among the items seized from their premises was a large rain gauge. From around the web. Calcutta already had its first weather observatory by then, set up in , with Madras following in and Bombay, rather later, in Indians were quick to use these new techniques of rain prediction — but not always in ways that the British foresaw or approved. When the British in Bombay became aware of it they did not approve. Recommended By Colombia. Henry Piddington, a retired sea captain turned scientific observer in early 19th century Calcutta, would give these storms the more accurate and descriptive name of cyclones. Next Post. Barsat ke satta, she notes, was a popular practice in the desert regions of Rajasthan where the relative lack of rains meant that it was anticipated and measured all that more intently. More from The Economic Times. Popular Tags bjp rbi cricket delhi arun-jaitley demonetisation featuredet us rahul-gandhi aap modi featured pakistan narendra-modi congress gst china arvind-kejriwal india gdp bollywood supreme-court economy donald-trump Featured ET. A similar controversy in Calcutta in saw the Marwari community organizing itself for the first time to protest the penalization of rain-gambling. Yet perhaps this was a mistake, since such exchange based prediction systems have shown a fairly high degree of efficiency — as might be expected when you have real money to lose, as opposed to your main priority, as with IMD, being to keep the government happy. Logout Login. All rights reserved. For better or worse monsoons may have helped create our modern markets, enabling this just, for better or worse, they enable so much more as they come to India. Expect a long LAC faceoff and no solutions The great rethink: India backs off a lockdown strategy the elite cheered on, but the poor could not cope with. Tech Science Reviews Search for:.

Everyone is checking the skies these days. The author is the Editor, special features for The Economic Times.

Search for:. The same period that saw the establishment of the IMD saw the panic over rain-gambling which, as Ritu Birla has explored in her book Stages of Capital: Law, Culture and Market Governance in Late Colonial India, established important issues over markets and the permissibility of speculation.

Come June-July and the monsoon obsesses us all in India. Piddington was President of the Marine Courts of Inquiry in Calcutta, and one of the subjects he investigated was a devastating storm india was gambling in monsoon hit the Bengal coast in killing an estimated people.

See all Comments. But instead of just giving in, the merchants fought back. Refresh If you already turned off the Ad Blocker.

Halley was working with this data, and was limited by the fact that it barely existed for places of scientific, but not commercial interest. On My Plate About food, mostly in India, and mostly about how it affects our lives. Beijing needs to save face globally. Ancient Indian texts repeatedly talk about clouds and rain from the Upanishads of BCE, to Varahamihira, the 6th century astronomer at the court of King Vikramaditya or Kalidasa, a century later, whose Meghdoot, or Cloud-Messenger, is based on the direction that the monsoon takes, from the Vindhyas, where the sender of the message is based, to the Himalayas, where his beloved resides. Recently Joined Authors. Two centuries earlier Vasco da Gama had broken the stranglehold Arab sailors had on the hugely profitable Indian Ocean Trade by persuading a mysterious Indian sea pilot he found in the East African port of Malindi to reveal the secret of how summer monsoon winds would take ships up from Africa to India and then return them later the same year. But the monsoon also lies at the foundations of modern meteorology, from when it scaled up from just local weather prediction to large-scale analysis of how weather works across continents and oceans. Top Comment. For reprint rights: Times Syndication Service. Birla argues in her book that such battles set the ground for a larger argument over the limits of market speculation and that, while the government, then as now, was not supportive, the business community used its influence and actions in court to establish their financial rights and set the basis for greater market freedoms. View comments Post a comment.