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IMD moved govt for land for installation of 6 high wind speed recorders | Bhubaneswar News

Bhubaneswar: The Indian Meterological Department (IMD) has requested the Odisha govt to allot land for installation of six additional High Wind Speed Recorders (HWSRs) in the state’s coastal belt. The proposed installations are aimed at capturing extreme wind speeds, particularly during cyclones, and improving the accuracy of cyclone-related observations, said IMD Bhubaneswar director Manorama Mohanty.Once…

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Moody’s flags higher risks for Indian banks from Middle East crisis as oil prices stay elevated

Amid the ongoing stalemate over US-Iran deal, credit rating agency Moody’s Ratings on Wednesday said Indian banks are among the more exposed lenders in the Asia-Pacific region to risks arising from the ongoing Middle East crisis because of India’s heavy dependence on energy imports from the region, PTI reported.The ratings agency said sustained high oil…

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