Dams,Netaji,Moody's&Kumbh

Dear all,
Welcome.

Dams: The National University of Singapore conducted a study upon the dam construction activities & the threat posed on human survival & extinction of the vegetation & species. As per the report, 90% of the terrain is affected by the dam construction. Besides, 27% of the species are damaged. The forests are also affected. In future, 1.7 lakh hectare of forest area would be submerged under water. Twenty two (22) flower species & seven(07) vertebrate species would be posed to extinction. The study is based on Hydroelectric projects being undertaken on Sindhu, Ganges & Brahmaputra rivers. In the Himalyan area, the dam construction rate is higher than the world rate.

Today(23) is the Netaji Subhash Chandra Bose anniversary. He was the founder of Indian National Army(INA) of which Capt. Lakshmi Sehgal was a part. His famous slogan was "You give me blood, I will give you freedom". He had firm belief that, minimum resistance as proposed by Gandhiji, was not the best way. If there is neither struggle nor danger, half of the life is finished. He died on August 18, 1945 while meeting an accident during air travel to Formosa Island.

Moody's: The credit rating agency, Moody's, had maintained the India's rating,BAA3, stating that high fiscal deficit would affect development during the coming years. In it's India rating report, it stated that due to high govt. fiscal deficit, coupled along with the infrastructure's supply related problems & policy based inefficiencies, the rating is being affected. The report states that govt. financial system is the weakest thing. During midterm, the govt. situation would be troublesome. Due to financial availability, it(rating) could be improved.On the growth rate, it had stated that the decline is going on. But domestic savings & strong private sector could give thrust to the economy. The economic growth rate could be 5.4% and may reach during the next fiscal year. During past year, it was 6.5%. Due to high commodities rate, the subsidy bill had increased. But the fuel & fertilizer subsidy reduced by the govt. measures would be ineffective. However, Diesel price fixation rights given to the Oil Marketing cos. is not mentioned.

Kumbh: Harvard University would conduct research upon the biggest religious congregation, i.e. Kumbh. A seven member faculty would be involved who would study upon the temporary city plan & its economics. The South Asia Institute's Associate Director told that this is the first time that such a research is conducted. The graduates from School of design would conduct the study. The Arts & Science faculty would study upon the culture, rituals, & presentation groups. The water quality, toilet techniques, health facilities, & environment would also be studied. The commercial activities, too, would be researched.

With regards,

M.K.Pachraiya