It is being brought out in the press that even if the current pledges by nations at Copenhagen to reduce emissions, there will be 3 degree centigrade rise in the temperature by 2050. However, the projected rise was only 2 degree centigrade. This calls for global action “Now or Never” basis. Every country, irrespective of Developed or Developing, should accept this reality and commit to cut down the emissions by 2020 and commit to review further the situation.
Otherwise, the developing countries which are mostly located in warmer regions, dependent on rains and whose major source of income is agriculture will be worst hit by changing rain patterns, floods, drinking water shortage and droughts. Rising sea levels will affect India the most.
Climate change is thus more than just an environmental threat; it is a threat to our social structures, our families and our own lives. It is important for everyone to take action now.
Friday, December 18, 2009
Tuesday, December 15, 2009
From Japan to Copenhagen - long journey
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change (UNFCCC or FCCC), aimed at combating global warming which is assumed to be the result of industrialization. The UNFCCC is an international environmental treaty with the goal of achieving "stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system”. The Protocol was initially adopted on 11 December 1997 in Kyoto, Japan and entered into force on 16 February 2005. As of November 2009, 187 states have signed and ratified the protocol. Most notable non-member of the Protocol is the United States, which is a signatory of UNFCCC and was responsible for 36.1% of the 1990 emission levels.
Under the Protocol, 37 industrialized countries commit themselves to a reduction of four greenhouse gases (GHG) (carbon dioxide, methane, nitrous oxide, sulphur hexafluoride) and two groups of gases (hydrofluorocarbons and perfluorocarbons) produced by them, and all member countries gave general commitments. The countries agreed to reduce their collective greenhouse gas emissions by 5.2% from the 1990 level. Emission limits do not include emissions by international aviation and shipping.
The Protocol allows for several "flexible mechanisms", such as emissions trading, thus allowing developed countries to meet their GHG emission limitations by purchasing GHG emission reductions credits from developing, through financial exchanges, projects that reduce emissions from other countries, etc. The developed countries are also supposed to provide financial support and supply clean technology to other countries.
The objective of the Kyoto climate change conference was to establish a legally binding international agreement, whereby all the participating nations commit themselves to tackling the issue of global warming and greenhouse gas emissions. The target agreed upon was an average reduction of 5.2% from 1990 levels by the year 2012.
China now exceeds the United States as the single largest GHG emitter, and accounts for more than a fifth of global GHG emissions. Per capita emissions in developing countries like India and China are relatively low due to the large population. China, India and other developing countries were not included in any numerical limitation of the Kyoto Protocol, because they were not main contributors to the greenhouse gas emissions in the pre-treaty industrialization period. However, even without responsibility under the Kyoto target, developing countries are also committed to share the common responsibility of all countries to reduce emissions.
India signed and ratified the Protocol in August, 2002. Since India is exempted from the framework of the treaty, it is expected to gain from the protocol in terms of transfer of technology and related foreign investments. India maintains that following the principle of common but differentiated responsibility, the major responsibility of curbing emission rests with the developed countries, which have accumulated emissions over a long period of time. However, the U.S. and other Western nations assert that India, along with China, will account for most of the emissions in the coming decades, owing to their rapid industrialization and economic growth.
In the on-going Climate Change Summit at Copenhagen, a new track “Long Term Cooperative Action” is being readied by selected developed countries which demands that all countries, including emerging economies, make commitments to reduce emissions as equals by 2050. In protest, the majority of G77 members, joined by India and China, staged a walkout. Negotiations are still continuing to find a solution to this global problem.
Under the Protocol, 37 industrialized countries commit themselves to a reduction of four greenhouse gases (GHG) (carbon dioxide, methane, nitrous oxide, sulphur hexafluoride) and two groups of gases (hydrofluorocarbons and perfluorocarbons) produced by them, and all member countries gave general commitments. The countries agreed to reduce their collective greenhouse gas emissions by 5.2% from the 1990 level. Emission limits do not include emissions by international aviation and shipping.
The Protocol allows for several "flexible mechanisms", such as emissions trading, thus allowing developed countries to meet their GHG emission limitations by purchasing GHG emission reductions credits from developing, through financial exchanges, projects that reduce emissions from other countries, etc. The developed countries are also supposed to provide financial support and supply clean technology to other countries.
The objective of the Kyoto climate change conference was to establish a legally binding international agreement, whereby all the participating nations commit themselves to tackling the issue of global warming and greenhouse gas emissions. The target agreed upon was an average reduction of 5.2% from 1990 levels by the year 2012.
China now exceeds the United States as the single largest GHG emitter, and accounts for more than a fifth of global GHG emissions. Per capita emissions in developing countries like India and China are relatively low due to the large population. China, India and other developing countries were not included in any numerical limitation of the Kyoto Protocol, because they were not main contributors to the greenhouse gas emissions in the pre-treaty industrialization period. However, even without responsibility under the Kyoto target, developing countries are also committed to share the common responsibility of all countries to reduce emissions.
India signed and ratified the Protocol in August, 2002. Since India is exempted from the framework of the treaty, it is expected to gain from the protocol in terms of transfer of technology and related foreign investments. India maintains that following the principle of common but differentiated responsibility, the major responsibility of curbing emission rests with the developed countries, which have accumulated emissions over a long period of time. However, the U.S. and other Western nations assert that India, along with China, will account for most of the emissions in the coming decades, owing to their rapid industrialization and economic growth.
In the on-going Climate Change Summit at Copenhagen, a new track “Long Term Cooperative Action” is being readied by selected developed countries which demands that all countries, including emerging economies, make commitments to reduce emissions as equals by 2050. In protest, the majority of G77 members, joined by India and China, staged a walkout. Negotiations are still continuing to find a solution to this global problem.
Saturday, December 12, 2009
Climate Change Summit
Everyone is talking about the climate change due to global warming and naturally everyone is worried about the repercussions of such a scenario in the near future. If one assumes that the climate change is only due to global warming, one of the most serious scenarios due to the climate change will be the watery grave to very many coastal cities around the world and the sensitive industrial units such as refineries and nuclear plants which are ideally situated for convenience of accessibility and cooling water requirements on the sea coasts.
As can be seen from the goings-on in on-going Climate Change Summit at Copenhagen, it is very difficult to come to mutually agreeable and unbiased understanding on the issue. Developed countries are using arm-twisting techniques to brow-beat the developing countries to agree to cap the greenhouse gas emissions to unreasonable levels which are likely to hamper the necessary infrastructure development in the countries. The target year “by 2050” is too far off.
It is the need of the time that the developed rich countries provide clean technologies to the developing countries so that the development is not hampered. The developing countries like India and China also should make all efforts to reduce, at least, non-industrial emissions and commit to employ technology up-gradation to minimize the environmental greenhouse gas pollution.
As can be seen from the goings-on in on-going Climate Change Summit at Copenhagen, it is very difficult to come to mutually agreeable and unbiased understanding on the issue. Developed countries are using arm-twisting techniques to brow-beat the developing countries to agree to cap the greenhouse gas emissions to unreasonable levels which are likely to hamper the necessary infrastructure development in the countries. The target year “by 2050” is too far off.
It is the need of the time that the developed rich countries provide clean technologies to the developing countries so that the development is not hampered. The developing countries like India and China also should make all efforts to reduce, at least, non-industrial emissions and commit to employ technology up-gradation to minimize the environmental greenhouse gas pollution.
Thursday, December 10, 2009
CAT should conduct re-examination in paper-based format
The Common Admission Test (CAT), which went online for the first time, has created utter confusion and frustration among the candidates. It is unfair to conduct re-examination for a few candidates and give them the benefit which the organizers are denying to other candidates. There were major disruptions in some centers and in some centers timing of the examination was changed abruptly and in some centers the internet was slow. There were many other problems which are yet to be identified. These issues have caused undesired stress to the candidates resulting in poor performances by many bright candidates.
In view of the secrecy maintained by IIMs regarding the structure of the online test, it is unfair to other candidates to give retest only to a few “Affected” candidates. To be fair to one and all, the organizers (IIMs) should conduct CAT-2009 retest to all the candidates in paper-pencil based format.
In view of the secrecy maintained by IIMs regarding the structure of the online test, it is unfair to other candidates to give retest only to a few “Affected” candidates. To be fair to one and all, the organizers (IIMs) should conduct CAT-2009 retest to all the candidates in paper-pencil based format.
Tuesday, November 24, 2009
Agni-ll test failed again?
The indigenously built by DRDO, the 2000 km plus range missile, Agni – ll failed to deliver the desired results for the second time in six months. The indigenously developed inertial navigation system (INS) also failed. It is reported that imported INS used to work without fail. Why India is not in position to develop quality products? In any system used in space and defense activities quality control is at-most importance due to the stringent quality requirements of the equipments.
Why India can not even duplicate imported equipments/systems with good quality control? Quality is always compromised by the corrupt officials endangering the important multi-Crore missions. Chandrayan is another example of such failures. India can only beat China in quality because Chinese products are much inferior in quality.
Corruption in high places is the route cause of all failures/miseries suffered by industrial and technological sectors in India.
Why India can not even duplicate imported equipments/systems with good quality control? Quality is always compromised by the corrupt officials endangering the important multi-Crore missions. Chandrayan is another example of such failures. India can only beat China in quality because Chinese products are much inferior in quality.
Corruption in high places is the route cause of all failures/miseries suffered by industrial and technological sectors in India.
Thursday, November 12, 2009
Global warming – Developed countries cornering India?
Some studies reported in Nature have indicated that the global warming will be stabilized at 2 degree Celsius above the “below pre-industrial era levels” if CO2 emissions are halved by 2050. The UN Panel of climate scientists has predicted that the average global temperature rising above the threshold of 2 degree will have catastrophic impact on the climate.
Is is understood that India has accepted this as the global limiting level at the Major Economies Forum meeting held recently in Italy. The rich countries which participated in the meeting also agreed to reduce the emissions by 7-14% below 1990 levels by 2030. It looks too small for the countries which have been polluting the environment with green-house gases for so long. The CO2 emission from US was 6.049 billion metric tonnes in 2004 with per capita of 20.4 metric tonnes! Compared to this, India’s emissions stood at 1.342 billion metric tonnes with per capita of 1.2 metric tonnes. China’s emissions were about 4 times higher than that of India.
A United Nations agency in one of the survey reports (2009) rightly pointed out that the industrialized nations should take deep emission cuts of the order of 40% below 1990 levels by 2030 and 80% cut by 2050. In a global carbon budget scenario, the share of industrialized countries should be of the order of 21%. Any consumption of the budget exceeding this by the developed countries would be at the cost of developing countries, which need industrialization in a big way in the coming years.
India should not or should not be made to accept any such discriminatory or legally binding proposals on emission-cut targets in the forthcoming United Nations Conference at Copenhagen in December this year. In support for the global concerns on climate change, India also should develop and employ emissions-free technologies in its future industrial developments.
Is is understood that India has accepted this as the global limiting level at the Major Economies Forum meeting held recently in Italy. The rich countries which participated in the meeting also agreed to reduce the emissions by 7-14% below 1990 levels by 2030. It looks too small for the countries which have been polluting the environment with green-house gases for so long. The CO2 emission from US was 6.049 billion metric tonnes in 2004 with per capita of 20.4 metric tonnes! Compared to this, India’s emissions stood at 1.342 billion metric tonnes with per capita of 1.2 metric tonnes. China’s emissions were about 4 times higher than that of India.
A United Nations agency in one of the survey reports (2009) rightly pointed out that the industrialized nations should take deep emission cuts of the order of 40% below 1990 levels by 2030 and 80% cut by 2050. In a global carbon budget scenario, the share of industrialized countries should be of the order of 21%. Any consumption of the budget exceeding this by the developed countries would be at the cost of developing countries, which need industrialization in a big way in the coming years.
India should not or should not be made to accept any such discriminatory or legally binding proposals on emission-cut targets in the forthcoming United Nations Conference at Copenhagen in December this year. In support for the global concerns on climate change, India also should develop and employ emissions-free technologies in its future industrial developments.
Monday, November 9, 2009
Lead pollution world-wide – Alarming
Pollution from lead and other heavy metals are agents of disease for many of the world’s children. In poor countries, the health risks associated with this kind of pollution are all too often seen as the inevitable price of economic development.
Lead exposure is a major health hazard. It is a metal with no known biological benefit to humans. A direct link has been found between early exposure and extreme learning disability, hyperactivity, violence and lethargy. Too much lead in the body interferes with the normal development of the brain, the central nervous system, the kidney and the heart.
An estimated 120 million people worldwide are exposed to lead in the environment, in air, soil, water. It is estimates that over 12 million people are affected by lead contamination from processing of used lead acid batteries and unsafe unregulated recycling throughout the developing world. Dangerous lead contamination is found in children in some 80 countries.
Lead poisoning is determined by measuring the ratio of lead to blood in the human body. The accepted limit of lead in blood is 10 µg/dL.
To take the lead out of blood, a chemical called calcium di-sodium EDTA is injected into the body to form a complex (chelate) with the lead ions in the blood which ultimately passes out in urine and faeces. The concentrations, in such levels are measured using advanced testing equipment such as total reflection x-ray fluorescence unit and germanium photon detectors. International organizations such as IAEA support such activities.
Lead exposure is a major health hazard. It is a metal with no known biological benefit to humans. A direct link has been found between early exposure and extreme learning disability, hyperactivity, violence and lethargy. Too much lead in the body interferes with the normal development of the brain, the central nervous system, the kidney and the heart.
An estimated 120 million people worldwide are exposed to lead in the environment, in air, soil, water. It is estimates that over 12 million people are affected by lead contamination from processing of used lead acid batteries and unsafe unregulated recycling throughout the developing world. Dangerous lead contamination is found in children in some 80 countries.
Lead poisoning is determined by measuring the ratio of lead to blood in the human body. The accepted limit of lead in blood is 10 µg/dL.
To take the lead out of blood, a chemical called calcium di-sodium EDTA is injected into the body to form a complex (chelate) with the lead ions in the blood which ultimately passes out in urine and faeces. The concentrations, in such levels are measured using advanced testing equipment such as total reflection x-ray fluorescence unit and germanium photon detectors. International organizations such as IAEA support such activities.
Thursday, October 29, 2009
Benefits – Yes but Risk – No
This is the typical mind-set of any human being. Unless people learn to take a little risk - the level of risk which people always take at their workplaces or during traveling to the work places – no developmental work to improve the living conditions can take place in the country. The West Bengal government always remained anti-industry, causing the industrialists to shift their industries to the more obliging states.
Now, the agitation is to stop nuclear power plants coming in Haripur of East Midnapore. Every one knows that unlike fossil-fuel based thermal power plants, the nuclear power plants do not pollute the environment. Radiation dose received by population living around the plants get negligibly radiation dose. India has considerable expertise in managing nuclear plants safely. Then, why the resistance? The benefits out-weigh risks.
It looks it is only a political issue. The affected persons are likely to be rehabilitated; they will get jobs, get supporting small businesses and of-course the much needed electricity for developmental activities. Like Nandigram, story will be repeated at Haripur. It will again be loss to Bengal.
Now, the agitation is to stop nuclear power plants coming in Haripur of East Midnapore. Every one knows that unlike fossil-fuel based thermal power plants, the nuclear power plants do not pollute the environment. Radiation dose received by population living around the plants get negligibly radiation dose. India has considerable expertise in managing nuclear plants safely. Then, why the resistance? The benefits out-weigh risks.
It looks it is only a political issue. The affected persons are likely to be rehabilitated; they will get jobs, get supporting small businesses and of-course the much needed electricity for developmental activities. Like Nandigram, story will be repeated at Haripur. It will again be loss to Bengal.
Monday, October 26, 2009
India leads - 140,000 road mishap fatalities in 2007
It is indeed shocking and shameful news for every Indian! Human error has been identified as the single largest cause of road accidents. There are very issues to be tackled to reduce this number. The very first reason is the procedure for granting driving license is not at all stringent. Other important reasons are: non-availability of immediate medical care to the accident victims due to red-tapism; use of mobile phones and earplugs while driving; improper road furniture, driving after consuming alcohol, inadequate traffic control measures, etc. Added to this, corruption is rampant in this sector.
The India government should take immediate measures to curb this trend and ensure road safety. There are too many vehicles on the city roads. Unless the existing laws are strictly enforced, the situation is not likely to improve. Who cares?
The India government should take immediate measures to curb this trend and ensure road safety. There are too many vehicles on the city roads. Unless the existing laws are strictly enforced, the situation is not likely to improve. Who cares?
Monday, October 5, 2009
Swine flu in India – An update
As per the SIFY news quoting union health ministry, four new swine flu deaths, all of them from Maharashtra State, were reported this Sunday, taking the country's toll due to the contagious virus to 344. With these deaths, the toll in Maharashtra has gone up to 139, the highest among the states in the country. The state sees 7% rise in H1N1 cases in September. The medical officer (epidemic) of the state health services said that throat swabs of only severely ill patients are being tested for the virus since mid-August.
At least 164 fresh infections were reported taking the total number of cases in the country to 10,894. Among the states, Maharashtra has maximum number of cases with 3,024, closely followed by Delhi where around 2,800 people have been infected by the influenza A (H1N1) virus. A study carried out in New Delhi indicated that surgical masks are as good as the costly N95 respirators recommended for preventing the infection.
WHO is actively monitoring the progress of the pandemic through frequent consultations with the WHO Regional Offices and member states and through monitoring of multiple sources of data. As of 27 September 2009, worldwide there have been more than 343,000 laboratory confirmed cases of pandemic influenza H1N1 2009 and over 4100 deaths reported to WHO. All pandemic H1N1 2009 influenza viruses analyzed to date have been antigenically and genetically similar to A/California/7/2009-like pandemic H1N1 2009 virus.
Everyone is waiting for an effective and safe vaccine to control the spread of the virus.
At least 164 fresh infections were reported taking the total number of cases in the country to 10,894. Among the states, Maharashtra has maximum number of cases with 3,024, closely followed by Delhi where around 2,800 people have been infected by the influenza A (H1N1) virus. A study carried out in New Delhi indicated that surgical masks are as good as the costly N95 respirators recommended for preventing the infection.
WHO is actively monitoring the progress of the pandemic through frequent consultations with the WHO Regional Offices and member states and through monitoring of multiple sources of data. As of 27 September 2009, worldwide there have been more than 343,000 laboratory confirmed cases of pandemic influenza H1N1 2009 and over 4100 deaths reported to WHO. All pandemic H1N1 2009 influenza viruses analyzed to date have been antigenically and genetically similar to A/California/7/2009-like pandemic H1N1 2009 virus.
Everyone is waiting for an effective and safe vaccine to control the spread of the virus.
Monday, September 7, 2009
India’s annual inflation rate continues to be negative week after week!
The government has again reported negative inflation rate for the week ended on 22 August 2009. The inflation rate is based on the Wholesale price index. The government’s view is that the wholesale price index is more closely tracked than consumer-price gauges for economic analysis, as it captures prices of a higher number of products and is released weekly. How the WPI can be negative when the prices of food items at retail level have gone up over 20%?
Union Finance Minister announced that 2004-05 as the base year for the calculation of inflation rate based on wholesale price index (WPI) series in the country. Replying to a question on price indices in the Lok Sabha, the minister said the WPI series is being upgraded with base year 2004-05 in lieu of the existing one with base year 1993-94. He said that the index would provide a better picture of the current scenario of prices.
On the other hand, the consumer price index, which is released on a monthly basis, rose 11.89 percent in July from 9.29 percent in June, as per the government data. The basket in consumer price index measures prices of logically used items by the common man. This index takes into account prices for house rentals, toiletries, phones and school fees.
There are some realistic recommendations made by DNA Analysis, viz., WPI is the least reliable barometer of the price behavior and hence should not be used as a yardstick to express inflation affecting the common man. Consumer price index should be made more comprehensive and should be used, calculated on a monthly basis.
The present arrangement of calculating the inflation rate based on WPI is faulty and should not be used for the calculation of any compensations or allowances.
Union Finance Minister announced that 2004-05 as the base year for the calculation of inflation rate based on wholesale price index (WPI) series in the country. Replying to a question on price indices in the Lok Sabha, the minister said the WPI series is being upgraded with base year 2004-05 in lieu of the existing one with base year 1993-94. He said that the index would provide a better picture of the current scenario of prices.
On the other hand, the consumer price index, which is released on a monthly basis, rose 11.89 percent in July from 9.29 percent in June, as per the government data. The basket in consumer price index measures prices of logically used items by the common man. This index takes into account prices for house rentals, toiletries, phones and school fees.
There are some realistic recommendations made by DNA Analysis, viz., WPI is the least reliable barometer of the price behavior and hence should not be used as a yardstick to express inflation affecting the common man. Consumer price index should be made more comprehensive and should be used, calculated on a monthly basis.
The present arrangement of calculating the inflation rate based on WPI is faulty and should not be used for the calculation of any compensations or allowances.
Thursday, September 3, 2009
World Water Crisis
In 1992, the UN General Assembly designated March 22 as "World Water Day" to draw international attention to the critical lack of clean, safe drinking water worldwide. World Water Day is celebrated since 1993. Nearly 1.1 billion people (roughly 20% of the world’s population) lack access to safe drinking water. The lack of clean, safe drinking water is estimated to kill almost 4,500 children per day. Water is essential to the treatment of diseases, something especially critical for children and aged people.
The amount of water in the world is finite. The number of us is growing fast and our water use is growing even faster. This problem isn’t confined to a particular region of the world. A third of the world's population lives in water-stressed countries now. By 2025, this is expected to rise to two-thirds.
The world water crisis is created by a confluence of factors including climate and geography, lack of water systems and infrastructure, and natural and man-made pollution of water resources. The crisis is worst in developing countries, especially in Sub-Saharan Africa and South Asia. Countries depend only on rains for drinking water. The lack of clean water, coupled with the lack of basic sanitation and a dearth of hygiene education, is one of the largest obstacles to progress and development in these regions and across the world. Time has come to use hi-tech for the production of pure drinking water.
Let all the citizens of the world get sensitized about the world water scarcity which may lead to one of the largest public health issues of our time. World media should wake up to this reality.
Save Water. Do not pollute water. Consume less water. Water is precious.
The amount of water in the world is finite. The number of us is growing fast and our water use is growing even faster. This problem isn’t confined to a particular region of the world. A third of the world's population lives in water-stressed countries now. By 2025, this is expected to rise to two-thirds.
The world water crisis is created by a confluence of factors including climate and geography, lack of water systems and infrastructure, and natural and man-made pollution of water resources. The crisis is worst in developing countries, especially in Sub-Saharan Africa and South Asia. Countries depend only on rains for drinking water. The lack of clean water, coupled with the lack of basic sanitation and a dearth of hygiene education, is one of the largest obstacles to progress and development in these regions and across the world. Time has come to use hi-tech for the production of pure drinking water.
Let all the citizens of the world get sensitized about the world water scarcity which may lead to one of the largest public health issues of our time. World media should wake up to this reality.
Save Water. Do not pollute water. Consume less water. Water is precious.
Wednesday, August 19, 2009
Reliance – Washing the dirty linen in public
The Reliance Group of companies of Mukesh Ambani and Anil Ambani together is the largest corporate house in India today. They together can make or break India’s economy. Under such circumstances, in the public and national interest, India government should mediate immediately to sort out the differences rather than supporting one group or the other. The route-cause of the issue should be identified and rectified at the earliest and remedial measures should be taken by the ministries concerned at the intervention of the Prime Minister. The country is being taken for ransom by the irresponsible brothers and this should not be tolerated.
Wednesday, July 22, 2009
Aquaguard system from Eureka Forbes
There are at-least four models right now being used by consumers for purification of water for drinking purpose. I use Compact System where it is claimed that water is going through a 3-stage purification system and by e-boiling, every drop is as pure, as safe as water boiled for 20 minutes. It is also claimed that some Electronic Eye continuously scans water to give 100% pure water or no water. I have a few genuine doubts which could not be cleared by the company representatives.
It is high time that the mushrooming companies selling water purification systems are regulated by the Indian government so that the gullible customers are not taken for a ride by so-called marketing executives.
1. Without water testing results how the company can claims that the individual user is drinking 100% pure water? Free water testing, on quarterly basis, should be part of the Annual Maintenance Contract (AMC).
2. How the company ensures that water flow rate doesn’t exceed 1 l.p.m as given in the technical specifications. The sales executives visiting houses are not technically competent enough to satisfy the customers.
3. In AMC, only twice a year the compact cartridge (sediment cum activated carbon) is changed. Whether it is adequate?
4. I suspect the role and effectiveness of the UV system used by the company.
5. Does the customer get his money’s worth? The Compact system costs over Rs.7500/-.
5. Whether all the models sold by the company are equally good in giving the necessary results?
Can somebody answer these questions?
It is high time that the mushrooming companies selling water purification systems are regulated by the Indian government so that the gullible customers are not taken for a ride by so-called marketing executives.
1. Without water testing results how the company can claims that the individual user is drinking 100% pure water? Free water testing, on quarterly basis, should be part of the Annual Maintenance Contract (AMC).
2. How the company ensures that water flow rate doesn’t exceed 1 l.p.m as given in the technical specifications. The sales executives visiting houses are not technically competent enough to satisfy the customers.
3. In AMC, only twice a year the compact cartridge (sediment cum activated carbon) is changed. Whether it is adequate?
4. I suspect the role and effectiveness of the UV system used by the company.
5. Does the customer get his money’s worth? The Compact system costs over Rs.7500/-.
5. Whether all the models sold by the company are equally good in giving the necessary results?
Can somebody answer these questions?
Monday, June 29, 2009
Reservation Bill will not ensure their empowerment
Reservation Bill will not ensure their empowerment. In India, it is still man’s world. It is possible if men genuinely support the bill and accept the repercussions of the bill. By enforced reservation, you only bring in "dummies" in all spheres of life. It is unfortunate that the government is bringing the Quota for women in government jobs. Already, the efficiency in government departments is low. This quota system is going to further reduce the efficiency and common man is going to suffer more.
The move is unfortunate. Let merit speak for itself and not the caste or gender.
The move is unfortunate. Let merit speak for itself and not the caste or gender.
Friday, June 26, 2009
IS INDIA FAKING ECONOMIC RECOVERY?
After seeing the title “Is China faking economic recovery” in DNA Money, I am tempted to ask whether India is also doing the same since India is also going through similar economic situation. People believe the economy is doing well. But, the actual sector-wise growth rates indicate otherwise. Some rise in the stock market indices should not be taken as any reliable indicators of the health of the economy. When everyone experiences the steep rise in vegetables and other commodities how the government can declare that the inflation is turning negative?
I somehow liked some lines from the Report of Directors, ITC, Limited which is reproduced here, i. e., “With a fairly young population, skilled man power, rising savings and investment rates, a vibrant service sector, a potentially large source of domestic demand and emergence of globally competitive firms, India has multiple growth drivers which hold out promise of stable and sustained growth”. Yes! Best of luck, India.
I somehow liked some lines from the Report of Directors, ITC, Limited which is reproduced here, i. e., “With a fairly young population, skilled man power, rising savings and investment rates, a vibrant service sector, a potentially large source of domestic demand and emergence of globally competitive firms, India has multiple growth drivers which hold out promise of stable and sustained growth”. Yes! Best of luck, India.
Sunday, June 21, 2009
Aspartame-the artificial sweetener
Aspartame is the name for an artificial, non-saccharide sweetener. It is the methyl ester of a phenylalanine/aspartic acid dipeptide with a molecular weight C14H18N2O5.This sweetener is marketed under a number of trademark names, including Equal, NutraSweet, and Canderel, and is an ingredient of over 6,000 consumer foods and beverages sold worldwide, including diet sodas and other soft drinks.
At high temperatures, aspartame often breaks down and loses much of its sweetness. Aspartame is also one of the main sugar substitutes used by people with diabetes. Under strongly acidic or alkaline conditions, aspartame generates methanol by hydrolysis. Under more severe conditions, the peptide bonds are also hydrolyzed, resulting in the free amino acids. When dissolved in water, the stability of the compound greatly depends of the pH of the medium and it is reported to be most stable at pH 4.3.
Indian markets are flooded with a product called “Sugar Free – Gold”, manufactured by Acme Remedies and marketed by a Gujarat-based company, Zydus Wellness Limited. Hundred grams of the product costs 90 Rupees and the claim is 100 gm of the product is equivalent to 1 kg of sugar. The product is backed by a very strong marketing strategy through advertisements and common man, mainly with diabetic complaints started using the product to make all kinds of sweets involving high temperatures. The ingredients as printed on the bottle are: dextrose, maltodextrin and Aspartame. The energy content of 0.5 gm of the product is 1.99 kCal.
The artificial sweetener Aspartame has been the subject of controversy since its initial approval by the U.S. Food and Drug Administration (FDA) in 1974. The decomposition products of aspartame such as methanol, formaldehyde and formic acid are not easily eliminated from the body. These are reported to be carcinogens and health effects of long-term usage of the product are still not known. There are hundreds of research reports and technical documents describing various health effects due to the consumption of the product since its discovery in 1965.
Under such doubtful circumstances, and in view of the controversies about the health effects, is it worth using the product to sweeten the food items by the healthy young adults, and sick individuals in countries like India? Better die of diabetes than die of the slow chemical poisoning. Health-conscious young adults should go for natural sweeteners and burn the calories by work-outs and exercises.
At high temperatures, aspartame often breaks down and loses much of its sweetness. Aspartame is also one of the main sugar substitutes used by people with diabetes. Under strongly acidic or alkaline conditions, aspartame generates methanol by hydrolysis. Under more severe conditions, the peptide bonds are also hydrolyzed, resulting in the free amino acids. When dissolved in water, the stability of the compound greatly depends of the pH of the medium and it is reported to be most stable at pH 4.3.
Indian markets are flooded with a product called “Sugar Free – Gold”, manufactured by Acme Remedies and marketed by a Gujarat-based company, Zydus Wellness Limited. Hundred grams of the product costs 90 Rupees and the claim is 100 gm of the product is equivalent to 1 kg of sugar. The product is backed by a very strong marketing strategy through advertisements and common man, mainly with diabetic complaints started using the product to make all kinds of sweets involving high temperatures. The ingredients as printed on the bottle are: dextrose, maltodextrin and Aspartame. The energy content of 0.5 gm of the product is 1.99 kCal.
The artificial sweetener Aspartame has been the subject of controversy since its initial approval by the U.S. Food and Drug Administration (FDA) in 1974. The decomposition products of aspartame such as methanol, formaldehyde and formic acid are not easily eliminated from the body. These are reported to be carcinogens and health effects of long-term usage of the product are still not known. There are hundreds of research reports and technical documents describing various health effects due to the consumption of the product since its discovery in 1965.
Under such doubtful circumstances, and in view of the controversies about the health effects, is it worth using the product to sweeten the food items by the healthy young adults, and sick individuals in countries like India? Better die of diabetes than die of the slow chemical poisoning. Health-conscious young adults should go for natural sweeteners and burn the calories by work-outs and exercises.
Sunday, June 14, 2009
All-India judicial Services Examination – Good Move
Indian judiciary needs strengthening to tackle enormous backlog of cases. In order to make some meaningful progress in the country’s judicial system, the Chief Justice of India is proposing All-India Services Examination in the lines of civil services examination. A very good move indeed if he succeeds.
According to the Chief Justice, this will augment the shortage of judges at all levels which is causing delay in dispensing justice and to weed out backlog of cases and corruption in judiciary.
From a commoners’ point of view, justice delayed is justice denied, which result in citizens taking law into their own hands or local “goonda” elements dispensing justice-a “quick-fix”-for a price.
According to the Chief Justice, this will augment the shortage of judges at all levels which is causing delay in dispensing justice and to weed out backlog of cases and corruption in judiciary.
From a commoners’ point of view, justice delayed is justice denied, which result in citizens taking law into their own hands or local “goonda” elements dispensing justice-a “quick-fix”-for a price.
Saturday, May 30, 2009
World No Tobacco Day – May 31
Everyone knows what the end effect of tobacco consumption is. Tobacco is one of the proven carcinogenic material, consumed by millions of people in various forms such as cigarettes, beedies, gutka, etc. It is a dangerous addiction. Street kids as young as four are smoking tobacco in some form or other! We only hope the tobacco industry realizes what it is doing to millions of people.
The World No Tobacco Day is to spread “Shun-Tobacco” message all around the world. The cancer-affected people say “I wish I hadn’t smoked my first cigarette”. They are also now pressing for introduction of pictorial health warnings on all tobacco packs. In India, pictorial warning of –a skull and bones sign with a message “tobacco and smoking kills” - will be introduced on cigarette and bidi packets from May 31, 2009 onwards. Better late than never.
Everyone of us should support and demand a smoke-free environment. If tobacco is so much harmful why grow it at all? Ban tobacco cultivation.
The World No Tobacco Day is to spread “Shun-Tobacco” message all around the world. The cancer-affected people say “I wish I hadn’t smoked my first cigarette”. They are also now pressing for introduction of pictorial health warnings on all tobacco packs. In India, pictorial warning of –a skull and bones sign with a message “tobacco and smoking kills” - will be introduced on cigarette and bidi packets from May 31, 2009 onwards. Better late than never.
Everyone of us should support and demand a smoke-free environment. If tobacco is so much harmful why grow it at all? Ban tobacco cultivation.
Thursday, May 21, 2009
Hookah bars-ban them
In India, smoking is banned in public places, including in restaurants, bars and pubs. Public opinion is definitely for the ban. The cigarette smoke contains particulates and hundreds of organic chemicals which are known to cause cancer. The common types of cancers associated with the cigarette smoke are lung cancer and throat cancer. The smoke is harmful even if it is inhaled in a passive way – like non-smokers sitting in a room inhaling the cigarette (tobacco) smoke exhaled by the smokers.
In-spite of the ban, a report in the news paper reveals that only 64% of the restaurants, bars and pubs in Mumbai are complying with the ban and the rest are not able to. The particulate (2.5 micron size) concentration in the air varied from 55 (in bars/restaurants) to 707 (in Hookah bars) microgram per cubic meter of air. The Deonar Dumping ground area records the particulate concentration of 169 microgram per cubic meter of air.
Why the Mumbai Municipal Authorities are not able to crack down on the non-complying hoteliers and enforce the ban, and save the non-smoking customers from inhaling the air contaminated with these deadly pollutants?
In-spite of the ban, a report in the news paper reveals that only 64% of the restaurants, bars and pubs in Mumbai are complying with the ban and the rest are not able to. The particulate (2.5 micron size) concentration in the air varied from 55 (in bars/restaurants) to 707 (in Hookah bars) microgram per cubic meter of air. The Deonar Dumping ground area records the particulate concentration of 169 microgram per cubic meter of air.
Why the Mumbai Municipal Authorities are not able to crack down on the non-complying hoteliers and enforce the ban, and save the non-smoking customers from inhaling the air contaminated with these deadly pollutants?
Tuesday, May 12, 2009
Radioactive Cargo in aircrafts
Millions of radioactive packages are transported regularly by air between different destinations around the world. I believe, India also imports and exports these radioactive sources for different applications, mainly for the diagnosis and treatment of patients in hospitals.
There are very stringent international regulations applicable for transportation of radioactive materials. The rules and regulations apply with respect to type of the radioactive source, nature of the package and the total radioactive material permitted inside the package. The purpose of this is to make sure that even in case of any accident no radioactivity comes out of the package and harm anybody.
Under such situations, there is no reason for any alarm and no need for the media to give undue importance for the presence of radioactive cargo in the aircrafts. Let us not make patients suffer because of our ignorance.
There are very stringent international regulations applicable for transportation of radioactive materials. The rules and regulations apply with respect to type of the radioactive source, nature of the package and the total radioactive material permitted inside the package. The purpose of this is to make sure that even in case of any accident no radioactivity comes out of the package and harm anybody.
Under such situations, there is no reason for any alarm and no need for the media to give undue importance for the presence of radioactive cargo in the aircrafts. Let us not make patients suffer because of our ignorance.
Wednesday, May 6, 2009
Organised “frauds” in mutual funds’ management?
Who controls and regulates management of thousands of Crore rupees in Indian financial sector. All along, people suspected some sort of a “Jole” in the mutual funds. For one, the final decision to buy types of equities may be a “one-man show” and purchases and sales may be person-biased. This paves way for a lot of loop holes and opportunities to favour selected companies, which may not be in the interest of gullible Indian investors. Often, there is pressure from politicians and other influential company CEOs to buy or sell equities of particular company at a particular time. For example, the Indian mutual fund managers completely missed April rally. Instead, they pumped in Rs.26,000 Cr into debt, their highest ever investment in a month.
Finally, the investor is the loser. More than 40% of the mutual fund NAVs languish below Rs.10/- and may remain so for a year more. The advertisements are fooling the public and for a heft commission, the agents/sales executives somehow convince the people to buy these funds. Some economist’s suspect organized frauds in the management of mutual funds.
Why the investors are taken for ride, again and again? No regulations? Why PSU banks should support these funds? Any answers?
Finally, the investor is the loser. More than 40% of the mutual fund NAVs languish below Rs.10/- and may remain so for a year more. The advertisements are fooling the public and for a heft commission, the agents/sales executives somehow convince the people to buy these funds. Some economist’s suspect organized frauds in the management of mutual funds.
Why the investors are taken for ride, again and again? No regulations? Why PSU banks should support these funds? Any answers?
Thursday, April 30, 2009
Restructuring of loans – Sub prime crisis brewing in India?
Keeping in view of the bank’s margins which are under pressure due to the global economic slowdown, the Reserve Bank of India has provided the banks a breather by revising the method of calculating the current value of restructured loans. The RBI has been decided to modify the formula for computing diminution in the fair value of restructured loan. Diminution means the reduction in the value of loans that have come for restructuring, due to reduction in interest rate or rescheduling of repayment of principal.
At present, while restructuring the loans, banks take into account the benchmark lending rate, Prime Lending Rate, which have been on a rise during the last few years, the RBI said. It is adding to the financial difficulties being faced by banks due to the current downturn. The RBI further said that in the annual balance sheets for the year ending March 2009, the banks will also have to disclose the amount and number of accounts in respect of which applications for restructuring are under way.
Indian banks have restructured Rs.40,304 Cr loans in year to March 31, 2009. This figure is going to rise since State Bank of India (SBI), a biggest lender is yet to come out with its figures. As of now, Axis bank is topping the list with the restrucutured loan of Rs.9961.7 Cr. Under restructural scheme, the banks, depending on the genuineness of the borrower may either give the borrower additional time for repayment or EMI holiday for a while instead of declaring the borrower as defaulter.
More and more applications are coming for restructuring the loans. But, if the economic situation doesn’t improve, and with more and more job loses, the borrowers may not be in a position to pay-back even under restrucutured loan scheme. In housing sector, with the real estate rates falling by 40-50% in urban areas, inventory valuations also will also dip drastically and a sub prime crisis may soon develop in India.
At present, while restructuring the loans, banks take into account the benchmark lending rate, Prime Lending Rate, which have been on a rise during the last few years, the RBI said. It is adding to the financial difficulties being faced by banks due to the current downturn. The RBI further said that in the annual balance sheets for the year ending March 2009, the banks will also have to disclose the amount and number of accounts in respect of which applications for restructuring are under way.
Indian banks have restructured Rs.40,304 Cr loans in year to March 31, 2009. This figure is going to rise since State Bank of India (SBI), a biggest lender is yet to come out with its figures. As of now, Axis bank is topping the list with the restrucutured loan of Rs.9961.7 Cr. Under restructural scheme, the banks, depending on the genuineness of the borrower may either give the borrower additional time for repayment or EMI holiday for a while instead of declaring the borrower as defaulter.
More and more applications are coming for restructuring the loans. But, if the economic situation doesn’t improve, and with more and more job loses, the borrowers may not be in a position to pay-back even under restrucutured loan scheme. In housing sector, with the real estate rates falling by 40-50% in urban areas, inventory valuations also will also dip drastically and a sub prime crisis may soon develop in India.
Wednesday, April 29, 2009
Global Investors started investing in India
Indian stock markets have partially recovered over the last few sessions of trading. The Sensex has gained over 3200 points since the beginning of the rally. Economists with leading financial institutions also say that the slump period is over and “green shoots” of recovery are sighted. The turning point in the industrial production cycle is expected by mid 2009.
Sensing the change in the economic scenario in India as compared to dismal performance in other countries, global investors have started investing again in a big way. Over Rs.500 Cr was the inflow in the week ended April 22. Since March 9, FIIs have invested Rs.8000 Cr in the Indian markets. Without any significant growth in industrial/agricultural sector, any upward movement of the Sensex is purely speculative and un-sustainable.
Now, the point to be seen is whether the markets can sustain these during and after the elections? What sort of reactions the markets will show for the new coalition (kichdi) government at the centre? What will be extent of long-term effects of the recession in USA in India?
Sensing the change in the economic scenario in India as compared to dismal performance in other countries, global investors have started investing again in a big way. Over Rs.500 Cr was the inflow in the week ended April 22. Since March 9, FIIs have invested Rs.8000 Cr in the Indian markets. Without any significant growth in industrial/agricultural sector, any upward movement of the Sensex is purely speculative and un-sustainable.
Now, the point to be seen is whether the markets can sustain these during and after the elections? What sort of reactions the markets will show for the new coalition (kichdi) government at the centre? What will be extent of long-term effects of the recession in USA in India?
Sunday, April 26, 2009
Good move by the market regulator
Indian stock market regulator, SEBI has amended listing agreement to bring-in greater transparency in reporting by ensuring uniformity in declaring dividends. Dividends will now be on per-share basis and not on percentage basis. This will remove the confusion of the investors regarding the actual return on their investments since the face value of the shares are not uniform. It may one or two rupee, 10 rupee or a hundred rupee.
Per-share dividend declaration will make more sense in Indian markets.
Per-share dividend declaration will make more sense in Indian markets.
RIL was down-guarded by market analysts
Reliance Industries Limited was down graded by BNP Paribas and Citigroup Global markets Inc – from buy to hold and from hold to reduce. The gain of over 40% in the share prices is not justified by the performance of the company. The increase may be due to the sudden liquidity rush in Indian markets. The RIL plans to spend about US$4.5 billion on projects this fiscal. The recession world-wide cut demand for fuels and the fourth-quarter net profit fell 9.2% to US$709 million.
Under the circumstances, whether it is justified to merge RPL with RIL in the ratio of 1:16? The shareholders are fooled/confused by these “merger-de-merger” techniques of Ambanis.
Under the circumstances, whether it is justified to merge RPL with RIL in the ratio of 1:16? The shareholders are fooled/confused by these “merger-de-merger” techniques of Ambanis.
Tuesday, April 14, 2009
Uniformity in tariff structures, and security in Indian ports
It is a good move by the Indian government to all the port under Tariff Authority for Major Ports (TAMP) as a Regulator in addition to fixing tariffs for major ports. Over the last three to four years, shipping industry and port traffic has grown considerably and major ports currently handle 75% of the total trade in the India. There are also private ports and non-major ports which contribute to about 25% of the port traffic.
India has 12 major Centre-run ports and 183 State-run and private ports. Tariff structure in government-run and privately run ports is different and the competition due to this is helping the smaller state-run and private players. Hence, there is bound to be opposition for this regulatory move.
However, it is necessary that all the ports, major, non-major and private ports should be brought under government regulation so as to have uniformity or transparent differences in the tariff structures. This also will ensure that the necessary safety and security requirements are met in all the ports.
India has 12 major Centre-run ports and 183 State-run and private ports. Tariff structure in government-run and privately run ports is different and the competition due to this is helping the smaller state-run and private players. Hence, there is bound to be opposition for this regulatory move.
However, it is necessary that all the ports, major, non-major and private ports should be brought under government regulation so as to have uniformity or transparent differences in the tariff structures. This also will ensure that the necessary safety and security requirements are met in all the ports.
Monday, April 13, 2009
Monetisation to bankroll deficit – India following USA?
Practice of printing notes, though in vogue for long time, is being practiced by Indian Government and may soon end up in a situation similar to USA. As per the good governance practice, any printing of notes should be backed by the stock of gold/silver in the government treasury. USA is paying a heavy price today for printing dollars to pay for the Iraq war expenditure.
As per the reports appearing in the press, Indian security presses have printed notes worth over Rs. 1.5 lakh Crore. In addition to this the government has borrowed over Rs. 2,61,972 Crore from market and thousands of Crore of rupees were tapped as advances from various sources. All these funds went to meet expensive election gimmicks such as Farm loan waiver, implementation of 6th Pay Commission recommendations, National Rural Employment Guarantee, election expenses and other government subsidies to various sectors.
India government is heading for a financial bankruptcy similar to Pakistan, and what sort of “Khajana” or Treasury will be handed over to any non-Congress government, if formed after the elections? ALL EMPTY!
As per the reports appearing in the press, Indian security presses have printed notes worth over Rs. 1.5 lakh Crore. In addition to this the government has borrowed over Rs. 2,61,972 Crore from market and thousands of Crore of rupees were tapped as advances from various sources. All these funds went to meet expensive election gimmicks such as Farm loan waiver, implementation of 6th Pay Commission recommendations, National Rural Employment Guarantee, election expenses and other government subsidies to various sectors.
India government is heading for a financial bankruptcy similar to Pakistan, and what sort of “Khajana” or Treasury will be handed over to any non-Congress government, if formed after the elections? ALL EMPTY!
Thursday, March 5, 2009
Radioactive material in scrap – global issue
Over 300 participants from a total of 62 countries are taking part in the five-day International Conference on Control and Management of Inadvertent Radioactive Material in Scrap Metal, held at Tarragone, Spain, during 23-27 February, 2009. The event is being organized by Spain´s CSN in cooperation with the IAEA. The International experts said in the meeting that further steps are needed to protect people from radioactive material that can inadvertently end up at junk and scrap yards.
In the last three years, the IAEA has become aware of around 500 events involving uncontrolled ionizing radiation sources, about 150 of which were related to sources found in scrap metal or contaminated goods or materials. A large portion of the scrap metal that is consumed annually is traded internationally, and may originate in one country and be transported long distances before being processed in another country. This is clearly a global problem that hence requires the application of a globally harmonized approach involving all stakeholders, says the IAEA official.
The regulatory approach is based on providing International Safety Standards by the IAEA (which is in place), and provide better guidance to regulators, scrap dealers, and metal recycling industries on how to deal with problems when they occur. The scope of the protocol involves the detection and monitoring of radioactivity in the storage facilities and industries where scrap metal is collected and handled. Key elements include creating a register of ascribed companies, monitoring material at the entrance of the facilities as well as the final products and waste, and establishing sequence of actions to be taken when radioactivity is detected in the scrap.
In the last three years, the IAEA has become aware of around 500 events involving uncontrolled ionizing radiation sources, about 150 of which were related to sources found in scrap metal or contaminated goods or materials. A large portion of the scrap metal that is consumed annually is traded internationally, and may originate in one country and be transported long distances before being processed in another country. This is clearly a global problem that hence requires the application of a globally harmonized approach involving all stakeholders, says the IAEA official.
The regulatory approach is based on providing International Safety Standards by the IAEA (which is in place), and provide better guidance to regulators, scrap dealers, and metal recycling industries on how to deal with problems when they occur. The scope of the protocol involves the detection and monitoring of radioactivity in the storage facilities and industries where scrap metal is collected and handled. Key elements include creating a register of ascribed companies, monitoring material at the entrance of the facilities as well as the final products and waste, and establishing sequence of actions to be taken when radioactivity is detected in the scrap.
Thursday, February 19, 2009
Uncertainty is devastating – Satyam
Uncertainty with respect to the future of over 40,000 Satyam employees is devastating. There seems to be split at the top. Several senior level employees seem to be not cooperating with the new board and the interim CEO. Still, a lot of muck may be hidden by the so-called “loyal to Rajus” group of senior level employees.
There is no doubt that all the muck need to be cleaned so that the clients’ interest and shareholders confidence is restored back for the smooth transition of the company to any potential buyer. One of the important aspects missing seems to be the employees’ opinion on the present situation and the future. Whole-hearted cooperation from all the top and middle management level employees is important requirement for Satyam to see through this man-made crisis.
There is no doubt that all the muck need to be cleaned so that the clients’ interest and shareholders confidence is restored back for the smooth transition of the company to any potential buyer. One of the important aspects missing seems to be the employees’ opinion on the present situation and the future. Whole-hearted cooperation from all the top and middle management level employees is important requirement for Satyam to see through this man-made crisis.
Thursday, February 12, 2009
Drug from genetically altered animals
The US-FDA has approved the first drug produced by genetically engineered live-stock. The drug, meant to prevent fatal blood clots, is a protein extracted from the milk of goats that have been given a human gene. The drug is made by a company called GTC Biotherapeutics, which claims that one of its DNA-altered goats can produce as much antithrombin in a year as can be derived from 90,000 blood donations!
Use of the animals as drug factories is something not liked by animal rights activists. More major concern is the possible cross contamination of the food chain and cross- breeding of these animals with normal animals. Results may not be predictable.
It is high time to organize public debates on the ethical and medico-legal aspect of this type of research, and to establish national regulatory frameworks for providing guidelines for the research and to address the public concerns.
Use of the animals as drug factories is something not liked by animal rights activists. More major concern is the possible cross contamination of the food chain and cross- breeding of these animals with normal animals. Results may not be predictable.
It is high time to organize public debates on the ethical and medico-legal aspect of this type of research, and to establish national regulatory frameworks for providing guidelines for the research and to address the public concerns.
Thursday, February 5, 2009
Medical insurance – time to reduce the premium
Medical Insurance is in good demand these days. Insure and feel secure is the “Mantra” of the lower middle class and middle class in India. The reasons for the rush is probably the health consequences of the recent terrorist activities and injuries resulting from riots by political organizations, and umpteen number of road accidents occurring in the cities like Mumbai. Health care costs have also gone up considerably. The premiums paid come under 80D of Income Tax Act, of Rs.15,000 for individuals and Rs.20,000 for senior citizens. One should note that all personal accident policies may not cover terror.
In view of the very significant increase in the demand for vide variety of insurance products, it is necessary that the regulators should ensure that the government and private players in the field do not exploit the consumers by framing conditions which impede fast or timely claims. In fact, the calculations of the amount of premiums payable should take into account the increased life expectancy and better health care facilities available today. There is scope to bring down the premiums, particularly for senior citizens and for elders with old age diseases such as diabetes and hypertension. Organizations such as LIC of India should take a lead in this matter. Profit making should not be the only criteria.
Question is: what type of health-care insurance coverage should be given to the urban and rural poor? The Indian Health Minister should concentrate on such primary and important issues rather than the secondary issues like prohibition and smoking.
In view of the very significant increase in the demand for vide variety of insurance products, it is necessary that the regulators should ensure that the government and private players in the field do not exploit the consumers by framing conditions which impede fast or timely claims. In fact, the calculations of the amount of premiums payable should take into account the increased life expectancy and better health care facilities available today. There is scope to bring down the premiums, particularly for senior citizens and for elders with old age diseases such as diabetes and hypertension. Organizations such as LIC of India should take a lead in this matter. Profit making should not be the only criteria.
Question is: what type of health-care insurance coverage should be given to the urban and rural poor? The Indian Health Minister should concentrate on such primary and important issues rather than the secondary issues like prohibition and smoking.
Wednesday, February 4, 2009
Reliance Fresh – Disappointing
Some of the retail stores in Navi Mumbai - the much talked about retail chain Reliance Fresh seems to be disappointing in terms of offering fresh and cheaper vegetables and fruits to consumers. Take a particular store in Belapur, the store is managed by nobody! There seems to be no designated Manager to whom the customers can voice their suggestions/grievances. The quality of vegetable is not good. The store may be doing business because the residents of Sector 15 do not have any other choice. The dates of manufacturing of most of the items are quite old, at least more than a month. There are communication gaps everywhere between the staff members. The sales persons seems to be not much interested in business, and often seen around in other shops.
The Goli Counter (to sell vada pav & cutlets) started recently is being managed by a person who is really not interested in selling the Goli items. He is so slow and always “blank” faced. He doesn’t keep the timings written there. The items are in good demand. One has to wait, wait & wait. Like me, many are disappointed.
The Goli Counter (to sell vada pav & cutlets) started recently is being managed by a person who is really not interested in selling the Goli items. He is so slow and always “blank” faced. He doesn’t keep the timings written there. The items are in good demand. One has to wait, wait & wait. Like me, many are disappointed.
Friday, January 30, 2009
High drug levels in water sources
In Patancheru, Andhra Pradesh, it is reported that world’s highest pharma chemical levels are found in water sources. The levels of antibiotics are in the so-called treated water is so high that patients can be treated by gulping down the water. Many have become immune to the antibiotics, which is very dangerous from the considerations of treatment of actual diseases. The People must be undergoing slow poisoning. This also serves as eye-opener, and other water sources close to industrial areas need to be monitored to ensure water quality.
The incident is so serious that the Prime Minister’s Office (PMO) intervened and asked for the detailed report. One is shocked at the level of pollution in the water samples and the inaction of the concerned regulators, environment monitoring agencies and NGOs for so long! It seems to be true that everything can be hushed up in India provided one is prepared to bribe the “right” persons in cash or in kind. Satyam’s multi-million rupees fraud is a good example.
The incident is so serious that the Prime Minister’s Office (PMO) intervened and asked for the detailed report. One is shocked at the level of pollution in the water samples and the inaction of the concerned regulators, environment monitoring agencies and NGOs for so long! It seems to be true that everything can be hushed up in India provided one is prepared to bribe the “right” persons in cash or in kind. Satyam’s multi-million rupees fraud is a good example.
Wednesday, January 28, 2009
Indian Parliament is concerned about Climate Change
Indian Parliament recently took an important initiative by constituting a Parliamentary Forum on global warming and climate change, with broad-based membership cutting across the party lines. The Forum is expected to seek expert advices from national and international bodies to enhance the quality of debate on the issues concerned with the climate change. The forum will provide the necessary inputs to the policy makers so that the environmental impact from the massive industrialization remains as low as possible. Let the message and the awareness is passed down to the Legislatures at state level, Corporators at City levels and village Panchayats at village levels. All are equally concerned.
Global warming is caused by the “greenhouse effect” of some chemicals, such as carbon dioxide and methane in the environment, generated by human activity. Solar radiation is trapped by these chemicals thus raising the temperature. It is reported that the year 2008 was the eighth warmest year on record. World’s average temperature for 2008 was 0.49 degree C above the 20th Century average of 3.9degree C. The resulting climate changes, such as: forest and crop loss, reduced snowfall accumulations, floods, summer draughts and spread of diseases. It is reported that the incomplete burning of biomass over the years has formed brown haze over the Indian subcontinent, particularly in winter.
What we need today is to bring in greater awareness about the environmental consequences of human activity and do all possible to reduce and control emission of the greenhouse gases and other pollutants into our environment.
Global warming is caused by the “greenhouse effect” of some chemicals, such as carbon dioxide and methane in the environment, generated by human activity. Solar radiation is trapped by these chemicals thus raising the temperature. It is reported that the year 2008 was the eighth warmest year on record. World’s average temperature for 2008 was 0.49 degree C above the 20th Century average of 3.9degree C. The resulting climate changes, such as: forest and crop loss, reduced snowfall accumulations, floods, summer draughts and spread of diseases. It is reported that the incomplete burning of biomass over the years has formed brown haze over the Indian subcontinent, particularly in winter.
What we need today is to bring in greater awareness about the environmental consequences of human activity and do all possible to reduce and control emission of the greenhouse gases and other pollutants into our environment.
Friday, January 23, 2009
Political terrorism
Mumbaites continues to suffer from terrorist’s activities, either from external organizations or from political terrorism carried out by local and national-level political parties throughout the year. Political terrorism is much more ruthless since crime is perpetuated on us by our own people! There are umpteen reasons such as regionalism, language, inter-state border disputes, reservations in education and jobs, etc Politicians can’t be allowed to hold innocent people to ransom. The CEO of the party should be held responsible for the actions of the party workers
Judiciary finally decided to come down heavily on the government for not protecting the common man, who suffers ultimately due to the political crimes. Fast track courts should be set to tackle terrorism activities carried out by the political parties. The video tapes showing the miscreants indulging in arson and looting should be treated as adequate proof of identification to nail the miscreants. The party should be made to deposit a minimum of Rs.1Crore as deposit till the case is heard by the judges. Political parties should be made to pay for the damages caused by the political miscreants. Damaging public property should be treated as a serious offence and made non-bailable for week at least. Media should refuse to give unwanted publicity to the political terrorists.
Judiciary finally decided to come down heavily on the government for not protecting the common man, who suffers ultimately due to the political crimes. Fast track courts should be set to tackle terrorism activities carried out by the political parties. The video tapes showing the miscreants indulging in arson and looting should be treated as adequate proof of identification to nail the miscreants. The party should be made to deposit a minimum of Rs.1Crore as deposit till the case is heard by the judges. Political parties should be made to pay for the damages caused by the political miscreants. Damaging public property should be treated as a serious offence and made non-bailable for week at least. Media should refuse to give unwanted publicity to the political terrorists.
Monday, January 19, 2009
Share mobile towers- A call to the service providers
Navi Mumbai Municipal Corporation (NMMC) has send notices to more than 15 mobile service providers for putting up mobile towers illegally. Some of the towers put up by Reliance and Idea were dismantled. Good move, though it is a little late awakening. The towers are erected on the terraces of buildings without permission from the authorities. The number of the mobile towers has been increasing in residential pockets in Mumbai without any control and concern. The people do not actually know who to approach for redressal.
It is true that a little Radio frequency radiation emitted by the towers is not fatal. Researches so far conducted on the effect on the human body (such as induction of cancers/tumors) of long-term exposure to radio frequency radiation are not showing any conclusive evidence of the health effects. Keeping in mind the uncertainty and the gaps in our knowledge about the health effects of exposure to the RF radiation, it is necessary to control its manufacture and usage (in terms of time /day) through regulation. The mobile towers should not be permitted to be put up in residential areas.
The best option may be to share limited number of towers, allowed to put-up in areas where the population density is less.
It is true that a little Radio frequency radiation emitted by the towers is not fatal. Researches so far conducted on the effect on the human body (such as induction of cancers/tumors) of long-term exposure to radio frequency radiation are not showing any conclusive evidence of the health effects. Keeping in mind the uncertainty and the gaps in our knowledge about the health effects of exposure to the RF radiation, it is necessary to control its manufacture and usage (in terms of time /day) through regulation. The mobile towers should not be permitted to be put up in residential areas.
The best option may be to share limited number of towers, allowed to put-up in areas where the population density is less.
Saturday, January 17, 2009
Farm loan waiver –Justified?
India government earlier brought out a package of whopping Rs.70,000 as farm loan waiver to curb increased number of suicides among farmers. It was reported that the farmers were in debt and were unable to pay back the loans taken from the banks. It is well known that the suicides were reported by the farmers who were in debt from the village money-lenders, rather than from the banks. The loan waiver was mainly cashed-in by the rich middle men and the bank officials. The actual farmers remained in debt and were unable to pay back the loan due to many reasons, some are self-made, and some are natural. The banks were unable to take such a heavy burden.
Under such circumstance, whether it is justified the loan waiver of Rs.6000 Crore announced again in last December by the Maharashtra Government? No. The money is being diverted from the much needed infrastructure projects! It is just vote-bank politics, and money making technique by the corrupt politicians and their “chelas”. .
Under such circumstance, whether it is justified the loan waiver of Rs.6000 Crore announced again in last December by the Maharashtra Government? No. The money is being diverted from the much needed infrastructure projects! It is just vote-bank politics, and money making technique by the corrupt politicians and their “chelas”. .
Thursday, January 15, 2009
Drug companies agree for ethics code
Drug promotional activities, such as doling out expensive gifts and foreign trips to doctors are rampant among the drug companies. This practice existed for years and the doctors over-prescribe these costly medicines to patients. It is felt that the government should intervene to curb this menace legally. The Supreme Court has also directed the government to take steps to control price of essential life saving medicines.
The drug company associations have now agreed to frame a uniform Code of Ethics and promises to ensure its effective enforcement, as a matter of self regulation. But, in India self regulation never worked in the past. The government has set up a group of ministers to formulate the “pharma policy” to control the price of life saving drugs and take stringent action against any drug company which deviates from the code of ethics. Now, how to ensure that the medical doctors also follow certain code of conduct so that the patients get a “fair deal” in medical management.
The drug company associations have now agreed to frame a uniform Code of Ethics and promises to ensure its effective enforcement, as a matter of self regulation. But, in India self regulation never worked in the past. The government has set up a group of ministers to formulate the “pharma policy” to control the price of life saving drugs and take stringent action against any drug company which deviates from the code of ethics. Now, how to ensure that the medical doctors also follow certain code of conduct so that the patients get a “fair deal” in medical management.
Tuesday, January 13, 2009
Governments are too lenient on Satyam?
The way, the government of India and the Andhra Pradesh government is falling-over each other to save Satyam and the fraudsters is really surprising and pointing to involvement of bigger political players in the Rs.7000 Crore fraud. This seems to be only the beginning of more such frauds surfacing in the days to come. Wipro is already in line. The central government continues to subsidize state-owned oil companies incurring loss of thousands of Crore of ruppees to save them from bankruptcy. At this rate, the government will be printing currency notes and go itself “bankrupt” similar to USA, which went on printing dollars to finance the Iraq war and other commitments world-wide. The much appreciated capitalism is going down the drain just because some private players are misusing the system in connivance with the corrupt government and regulatory officials.
Tax payers expect the governments come down heavily on the so-called CEOs and guilty officials immediately so as to build-up the public and client’s confidence in the corporate governance.
Tax payers expect the governments come down heavily on the so-called CEOs and guilty officials immediately so as to build-up the public and client’s confidence in the corporate governance.
Wednesday, January 7, 2009
Ramalingam Raju’s Satyam
Fraud of the order of Rs.7,000 Crore by Ramalinga Raju of Satyam Computer Services came to light today, devastating the client’s and investor’s confidence in the IT sector in general, and of course Satyam in particular. The books were manipulated and the company almost raising its hands expressing utter hopelessness.
Government of India and the market regulator, SEBI should immediately intervene to sustain the domestic and foreign client’s confidence so that the face of Indian IT sector is not tarnished beyond repair. The government should immediately appoint a non-Satyam CEO, and investigate the fraud committed on the gullible investors by the Company in collusion with the auditors, bankers and the Board members for so long. The suspects in the fraud should be put behind the bars for a while so that they do not run away. The jobs of the employees should be protected.
Government of India and the market regulator, SEBI should immediately intervene to sustain the domestic and foreign client’s confidence so that the face of Indian IT sector is not tarnished beyond repair. The government should immediately appoint a non-Satyam CEO, and investigate the fraud committed on the gullible investors by the Company in collusion with the auditors, bankers and the Board members for so long. The suspects in the fraud should be put behind the bars for a while so that they do not run away. The jobs of the employees should be protected.
Tuesday, January 6, 2009
Doctors are unethically “obliged”
It is well known that the pharmaceutical companies are offering “freebies” to doctors, thus obliging them to prescribe their products. There was a report in the Times of India on the subject. The freebies depend on the quantity of the product prescribed, and it can be as expensive as a “trip abroad for two”, “free travel for conferences”, etc. Naturally, this unnecessary promotional expenditure results in enhanced market price of the drugs which is ultimately passed on to the consumer (a patient). For some undisclosed reasons, the India government is very soft in tackling this unethical practice being “practiced” by the doctors, chemists and the pharma companies. This is unacceptable and unethical marketing practice which should be curbed.
The Indian laws to prevent such malpractices are vague in terms of false assurances by the stakeholders of self-regulation and medical ethics. The two concerned organizations, viz., Indian Drug Manufacturers Association (IDMA) and Organization of Pharmaceutical Products of India (OPPI) are not doing enough to curb this menace.
It is time that the Drug Controller General of India should bring in strict regulations, and penalties (such as, blacklisting of the erring doctors and pharma companies) to stop companies from offering of freebies to doctors.
The Indian laws to prevent such malpractices are vague in terms of false assurances by the stakeholders of self-regulation and medical ethics. The two concerned organizations, viz., Indian Drug Manufacturers Association (IDMA) and Organization of Pharmaceutical Products of India (OPPI) are not doing enough to curb this menace.
It is time that the Drug Controller General of India should bring in strict regulations, and penalties (such as, blacklisting of the erring doctors and pharma companies) to stop companies from offering of freebies to doctors.
Inefficient fuel subsidies to end in India
The Prime Minister’s top economic adviser said that the retail fuel prices will not be controlled by the government and instead it will be linked to the global crude oil price variations. It seems to be good move at present situation when the crude oil is just over US$45 a barrel and inflation at a 10-month low of 6.38% as on the week ending on December 20, 2008. It is likely that the government may declare a further cut in petrol and diesel prices for the second tome in a month. Good for the consumers.
The oil price was over US$140 in July 2008 and the state-owned crude oil refiners were selling the fuel below the cost. The government is subsidizing the fuel prices so that consumers are not made to pay the higher fuel prices when the crude oil price sky-rocketed in mid-December last year. India’s 75% of the energy needs are met by oil imports and the burden on the government is too much in this inefficient system of subsidies. The government also needs to address the concerns of the oil companies with shrinking profits and downgrading of the credit ratings. De-linking of the oil pricing mechanism from the government pricing control seems to be good policy move.
The oil price was over US$140 in July 2008 and the state-owned crude oil refiners were selling the fuel below the cost. The government is subsidizing the fuel prices so that consumers are not made to pay the higher fuel prices when the crude oil price sky-rocketed in mid-December last year. India’s 75% of the energy needs are met by oil imports and the burden on the government is too much in this inefficient system of subsidies. The government also needs to address the concerns of the oil companies with shrinking profits and downgrading of the credit ratings. De-linking of the oil pricing mechanism from the government pricing control seems to be good policy move.
Subscribe to:
Posts (Atom)
