Besides being home to a varied species of flora and fauna, the ghats form a natural tiger corridor between Goa and the Kali Tiger Reserve in Karnataka. These Ghats are UNESCO World Heritage Sites and home to 17 percent of the planet’s tiger population. “It has been proposed to declare this area a tiger reserve. Forest fragmentation will disrupt the movement of animals, change the natural habitat and be detrimental to our tiger population,” said Claude Alvares, Director – Goa Foundation, an environmental monitoring action group. He added: “These ghats are the lungs of Goa. The government must find a different, more sustainable model for growth.” … [Read more...] about Maka naka. Go! Here’s why Goa’s youth are protesting a ‘development’ project
Adani ports which sector
> United Kingdom: The Railways were nationalised in 1914 due to World War I, but returned to private owners in 1921. That was also the year the Railways Act, 1921 forced 120 companies to merge into four – The Great Western Railway, the Southern Railway, the London and North Eastern Railway, and the London, Midland and Scottish Railway – this process was completed in 1923. British Railways was nationalised in 1948 and then privatised from 1994-97 as per provision of services under contract, where over 100 companies took over. In 2001, Railtrack went bankrupt and was re-constituted as Network Rail, a private company with no legal owner but effectively government-controlled via its constitution and financing. … [Read more...] about Indian Railways privatisation | A look at other countries that have taken this route
Early indications of a post-lockdown revival came from the September quarter numbers of Corporate India. Directionally, it is corroborated by the gross domestic product (GDP) data for Q2 FY21. Silencing the naysayers, the real GDP decline of 7.5 percent was much above the consensus forecast.The positive contribution of agriculture (YoY growth of 3.4 percent) was on expected lines. The surprises included: the marginal growth in manufacturing (0.6 percent), and the lower-than-expected decline in construction (at – 8.6 percent in Q2 against -50.3 percent in Q1) and the trade, hotels, transport and communication segments (decline of 15.6 percent in Q2 compared to 47 percent in Q1). … [Read more...] about Is the recovery here to surprise us quarter after quarter?
Based on the report, Trump announced plans to impose $50 billion in tariffs on 1,300 general imports from China, ranging from chemicals to jet parts, industrial equipment, machinery, communication satellites, aircraft parts, medical equipment, trucks, and even helicopters, nuclear equipment, rifles, guns and artillery. China has retaliated, resulting in a full-blown trade war. … [Read more...] about COMMENT-The US-China trade war has no winners, and markets will have to live with it
However, the task is easier said than done. LIC being an insurer will also have to cross regulatory hurdles to pick up a majority stake in a bank. While LIC is a stakeholder in various banks, they are all minority holdings. As a new promoter, LIC is unlikely to add significant value to the management. Hence, while this is a better solution than a complete offer for sale by the government, it is still sub-optimal compared to a complete privatisation. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?