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Govt trying to meet divestment target: Seelam

NEW DELHI, Jan 23:  The government is working towards meeting the Rs 40,000 crore target it had set from selling off stake in state-owned firms in the current fiscal, Minister of State for Finance J D Seelam said today.
With barely two months to go before the 2013-14 fiscal ends, the government has so far garnered only about Rs 3,000 crore from PSU stake sale proceeds.
Unlikely to meet the ambitious disinvestment target, it is counting on higher dividends from PSUs and banks to keep its fiscal deficit under check.
“Still, we are on… March is far. We are doing our best. We can’t quantify (the amount how much will be met). The process is on,” Seelam told reporters on the sidelines of the Assocham summit on Non-Banking Finance Companies-Game Changers.
Addressing the conference, he said that NBFCs should play a bigger and a pivotal role in lending to the priority sector.
“Compared to the banks, you are closer to the people. You do recovery early. You should do more for MSME sector,” Seelam said, adding that there is also scope to see as to how NBFCs can play a role in lending to the sectors where banks are not interested or hesitant.
On growth, Seelam said it has to be exponential.
He also said that the government is committed to fiscal prudence. “We will not cross the red line of 4.8 per cent of fiscal deficit.” (PTI)

Steel prices remain flat in thin trade

NEW DELHI, Jan 23:  The local steel market remained flat today as prices continued to trade in a tight range in the absence of buying support and settled around previous levels.
Traders said absence of buying support against sufficient stocks position mainly kept steel prices unaltered.
The following are today’s quotations per tonne:
Saria Kamdhenu: 8-mm 48,100, 10-mm 46,700, 12-mm 45,700, 16-25 mm 46,400
Saria Jai Bharat (TMT): 8-mm 45,800, 10 mm 45,500, 12-mm 44,700, 16-25 mm 44,900.
Amba shakti (TMT): 8-mm 45,500, 10-mm 43,200, 12-mm 42,200, 16-25 mm 42,700.
MS Angle: (50×5) (50×6) 42,000, (40×5) (40×6) 42,800.
Angle Capital (ISI) (40X5) (40×6) 43,800, (35X5) (65X6) 36,900. Girder 125X65 41,000. (PTI)

Make Tutna Di Khui a Block

Sir,
This is to draw the attention of the Cabinet Sub Commitee towards creation of Tutna Di Khui as Block administrative unit.
It may be mentioned here that at present the people of this area have to spend almost Rs 100 to Rs 150 if they go to BDO office Dansal for carrying out their official work. Since the people of the area are poor they can not afford it on regular basis.
Tutna Di Khui being only 1.5 Kms from Bajalta Railway Station  is suitable as a Block. It will serve the interests of the villages surrounding it.
Yours etc…
Ashraf Hussain
Nagrota Sandhi,
Jammu

Upgradation of Kargil-Zanaskar road

Sir,
It is quite heartening to know that Kargil-Zanskar road has been made a National Highway. This road is the only surface link of Zanskar with the rest of the country. Being a snow bound area it remains closed for almost six months creating thereby many problems for the people of this region.
Now, when Government of India has sanctioned Rs 1015.26 crores for its upgradation, one expects that work on it is executed expeditiously.
This road will surely change the socio-economic outlook of the people of the area. It will also help in attracting more tourists to this virgin valley the beauty of which has remained unexplored so far. Besides, it will generate job opportunities for people of the region.
Yours etc…
Padma Yenchen, Kargil

Traffic jams in Jammu city

Sir,
It is a matter of great concern that Jammu city witnesses unruly traffic on roads. No day passes without  long traffic jams that last for more than hour. The problem gets further compounded when traffic cops fail to regulate it. The constant honking and rash driving makes the life of passengers and pedestrians quite miserable. Besides, traffic jams often lead to brawls among drivers who fail to control their emotions.
The absence of traffic signals has further added to woes of people here.
It was expected that after installation  of traffic lights, traffic system will get streamlined, but to our shock, the traffic signals failed to help in this endeavour as there was poor planning in this direction.
The number of vehicles on the roads is on the increase. In coming times more problems will be created in case remedial measures are not taken right now.
Yours etc…
Kamal Sharma
on e-mail

 

II
Sir,
Traffic Safety Week was celebrated from the January 11 to January 17 as usual, being the twenty fifth celebration. The week is celebrated every year in order to educate the general public regarding observing safety rules.
But, alas no sooner does the week come to an end, the same sorry state of affairs continues. Many precious lives are lost. Those waiting for their nears and dears, kiths and kins to reach home, get devoured due to the careless and fast driving of drivers   and above all the dereliction of duy of traffic personnel because of their ‘Hafta’. When the conductors go on overloading the vehicles beyond capacity never caring what will happen on narrow roads, the cops pretend not to see this and the vehicles move on and on. If someone in the vehicles dares interference, he is asked to board down and he remains silent just like a pussy cat. There may be other allied reasons for accidents such as narrow roads, bad lighting and inclement weather but the onous lies on drivers and traffic personnel.
Yours etc…
Dwarika Nath Raina
H No. 131, Upper Muthi, Jammu

Grimmickry instead of governance

On The spot
Tavleen Singh

Nothing gives us political pundit types more pleasure than being able to say ‘I told you so’. And, so it gives me immense pleasure this week to say that I did tell you over and over again that the Aam Aadmi Party (AAP) was bad news because it stood for the kind of political and economic ideas that have been tried by most political parties already and that have always failed in the past. When AAP formed the government in Delhi there were those among my political pundit peers who were filled with jubilation and they expressed this without hesitation on TV panel discussions and in their columns. Paeans were written to Arvind Kejriwal’s political skills, the humility of his demeanor and the commonness of his attire. Your humble columnist remained skeptical because in my view there was always something dishonest and dangerous about the movement that led to the formation of AAP.
When Anna Hazare went on his first hunger strike on Jantar Mantar and famous TV anchors fell over themselves in their efforts to depict him as India’s new Gandhi. I warned that it was wrong for unelected people to demand the right to make laws. Unfortunately for us the Congress Party was so incapable of managing the movement against corruption that they made mistake after mistake and finally conceded to Anna and gang the right to make a law that will do very little to curb corruption and a great deal to spread the kind of senseless vigilantism that we have seen in Delhi since Kejriwal and his band of vigilante ministers took office.
His law minister should have been arrested the day that he tried to force policemen to ‘raid’ a house without a warrant. At the very least he should have been reprimanded by the Chief Minister of Delhi for trying to take the law into his own hands.  Instead he was exalted as a hero and the chief minister himself took to the streets in a siege that was beyond all measure in terms of absurdity. The only good thing that has come out of this farce is that many people who voted for AAP in the Delhi election have now begun to regret what they did. Among them are empty-headed socialites and high-minded intellectuals and they admit that their reason for voting for AAP was because they were ‘sick to death’ of the mainstream political parties. Now there are many among them who are beginning to be nostalgic for Sheila Dixit and for the general sense of order that prevailed in the Indian capital in her time.
This is not to say that things were perfect then. Every citizen of this city who has been unlucky enough to have dealings with the police knows that there are serious flaws in their manner of functioning. On a personal level may I say that when my house was robbed four years ago I was told by everyone that unless I knew someone ‘very high up’ who could help find my stolen property I should just forget about the jewelry and cash that I lost. At first the police made a great show of investigating the crime and informed me that it had to be an ‘inside job’ but then they did nothing. Much worse things happen all the time and nearly always the police fails to act but the answer does not lie in ministers haranguing them in the full glare of television cameras.
The answer lies in coming up with specific reforms and this can only happen if serious attention is paid to governance.  This is the most important thing that the AAP Government has failed so far to pay attention to because of its mistaken belief that the root of all India’s problems is corruption. There is no doubt that corruption is a factor but it is only a factor not the root. Bad governance is at the root of most of India’s problems and this would have become evident to Delhi’s chief minister if he had bothered to spend some time on governance. Instead, he has joined his vigilante ministers in giving us a roll call of gimmicks that have now so frightened the citizens of Delhi that there are many former supporters of AAP who are beginning to move quietly away. Kejriwal likes to announce, almost on a daily basis, that he could not care less if his government fell because he is certain that whenever elections are held his party will come back to power with an even larger number of seats. He might have a few nasty surprises in store for him and so will the Congress Party.
After the drubbing that voters gave Congress in Rajasthan, Delhi, Madhya Pradesh and Chhattisgarh the coterie of ‘wise men’ that surround Rahul Gandhi came up with the supposedly ‘brilliant’ idea that AAP would be able to stop Narendra Modi. It was with this in mind that the Delhi unit of our oldest political party was ordered to lend an AAP government ‘outside support’.  Now that things have begun to unravel in the first few weeks of the new government taking office there are whispers about how Congress is deliberately giving AAP a long enough rope to hang itself with. Sadly for Congress the rope is likely to be long enough to hang it as well and the man who could end up benefiting most from an AAP government in Delhi is Modi.
The more street protests that Delhi’s chief minister participates in and the more vigilantism that his ministers exhibit the more the chances are that the urban, middle class voter will see Modi as a shining alternative. It needs to be said in the clearest possible terms here that it is Modi’s personal appeal that is the factor and not the BJP’s image.  In the past ten years the BJP has been as bad an opposition party as Congress has been a government. It is because of disappointment with both these political parties that AAP rose to dizzying heights of electoral success. And, the time is not far off when it is likely to fall from those dizzying heights in the most ignominious manner. But, this does not mean that Indian voters are not looking for new leaders in a time of great disappointment and despair. They most certainly are looking for newer and better political leaders but after the AAP experience they will be sure to look harder and more carefully.

What Next

Vijay Hashia
Fears of Taliban resurgence are widespread, their burgeoning attacks are impelling Afghans to seek asylum.  Fears also loom large over its impact on Kashmir and if freed from AFSPA, would again slip into the hands of Pak sponsored gunmen.  In the backdrop, Karzai’s irresolute ambivalent stance not to sign the agreement for retention of troops beyond 2014 whose hands, he says, are bound by the new government, presumably Taliban believed, with the support of Pakistan and ISI, will regain control.  Speculations are that, ISI may up ante against India by diverting terror groups to Kashmir.  Pak has a dubious game plan and strategic interest to create hegemony over Afghanistan’s new government and mineral wealth and in Kashmir to avenge Bangladesh, destabilize India despite knowing the fact that Kashmir can neither be won by direct war nor by ongoing proxy. Therefore, India has been strongly advocating against total withdrawal of troops from Afghanistan. Only time will reveal what next?
While most of the foreign troops after more than a decade are at the verge of abandoning strife torn Afghanistan, the cultural devastation caused due to turmoil, is being restored & preserved back to impressive pomp by the international archaeologists.  The ancient monuments looted and statues destroyed by warlords are being re-assembled and rebuild.  The work towards restoration of antiquity and precious objects dating stone and bronze ages with the help of archaeologists and UNESCO has begun. Some of retrieved antiquity is a clay tablet with lines of cuneiform writing which is evidence of 6th century BC Persian Civilization of Cyrus the Great had reached that far East. The archaeologists have also retrieved and restored to its position precious ivories, stunningly intricate carved cross legged second and third century AD Bodhisatva Siddartha, King Kanishka from Kushan empire that ruled much of South Asia from its Afghan base through fourth century AD.  Other restored statues from centuries are Alexander the Great, giant Buddas sculpture carved from a cliff in Central Afghanistan 1400 years ago and considered one of the world’s artistic treasures.  All this is done to preserve ancient archaeological museum smashed by Taliban which has had great contribution to its neighbours, India, China, Persia and the world.
Will this change affect restoration of culture or what next for Kashmir, which has suffered the same collateral damage? Well, retrieving history, some Muslim rulers like Zain-ul-Abidin, (1418-1419 and 1420-1470) undoubtedly, the greatest religious tolerant had acquired a halo in popular imagination which still surrounds his name in spite of the lapse of nearly five hundred years. He was known by his subjects, and indeed still is, as Bud Shah (the Great King). He earned a name for abolishing jaziya on the Hindu majority, banned the cow slaughter, beef eating and extended liberal patronage to sanskrit language and literature. He called back Hindus who had left Kashmir during his father’s reign, allowed them reconstruct destroyed temples and dwellings.  Akbar also restored dignity and security of Hindus in Kashmir.
According to an estimate, more than 500 as against official figure of 208 temples have been damaged or destroyed during last two decades of militant activity; 95% as against official figure of 75 % dwellings have been gutted or damaged.  In Srinagar alone, 95% properties have been sold due to distress conditions. The administration is, however, reticent blaming any particular group for vandalizing temples and destroying dwellings. The Government officials claim to have protected properties of migrants under the J&K Migrant Immovable Property Preservation, Protection and Restrain on Distress Sale Act 1997, is a flaunted unique claim of hat like a cowboy’s floppy. The self complacent Act envisages ‘No’ compensation to the migrants who had to dispose properties and that too for throw away prices much below market rates.  Can CM repeat Zain-ul-Abidin’s and Akbar’s gratitude to rewrite a new leaf of history for the displaced?  Could the ancient temples destroyed be rebuild, premises encroached restored back, houses dismantled or sold under distress sales compensated  and above all  congenial atmosphere created so that the displaced return with honour and dignity.
In the recent interview with Mehr Tarar, Pak journalist, CM’s desultory reply to a question that atmosphere was not conducive for return and the responsibility of return is on displaced people. The bewildered reply sounds lack of will and determination to rehabilitate migrants in the valley.
Will peace return or elude is a million dollar question? The impact on Kashmir, however, will be watched with trepidation. Curiosity would be the outcome of election process and security beef up along the line of control which both are a challenge and litmus test for the mighty Indian forces.  Presently, withdrawal of AFSPA a strategic military deterrent would vitiate the security environment further.  As COAS recently in an interview said, that even partial withdrawal of AFSPA would prove detrimental to the counterterrorist campaign. The moot question, what next for displaced who had to shun everything twenty five years ago not because of economic distress or economic compulsion, not because of economic necessity or they did not want to return but because of lack of political, economic and social security on the part of politicians.?

A Tribute To Homi J.Bhabha The Atom Man of India

D.R.Bhagat
Homi Jehangir Bhabha is known as the force behind India’s atomic power. With the active support of Pt Jawahar Lal Nehru who had also foreseen the India’s future in the advancement of science and technology, he created two premier institutions, the Tata Institute of Fundamental Research and Bhabha Atomic Research Centre. He was the first chairman of India’s Atomic Energy Commission.
He was born on 30th October 1909 at Bombay in a rich Persian family. His father was a reputed advocate. Right from his childhood Bhabha gave a thought to every problem deeply. He slept very late. His parents were worried about his sleeplessness. They consulted a doctor about the cause of insomnia who told them that it was only due to his super active brain and continuous flow of thoughts that he sleeps late and that he was not suffering with any disease. After graduating from Elphinstone college and the Royal Institute Of Science Bombay he went to Cambridge for studying mechanical engineering as per the wishes of his father. His father wanted to make him an engineer and to work for the Tata Steel Plant. However he had much interest in physics and mathematics. Hence he continued his studies as research scholar in theoretical physics after completing his engineering. He received his doctorate in 1934. In this university he came in contact with some famous scientists like Rutherford, Neil Bohr, Paul Dirac and Heitler. In 1937 Bhabha along with Heitler presented the Theory of Electron Showers  in Cosmic Rays which are fast moving primary rays comprising of protons, electrons and gamma rays. This theory was known as Bhabha-Heitler Cascade Theory which explained the course of electron shower in cosmic rays. His work with Neil Bohr contributed to the development of Quantum Mechanics. He also discovered the electron-positron scattering which was as a result of scattering of positrons by electrons in a reaction. This was known as the Bhabha Scattering.  These works made Bhabha famous in the scientific community world wise.
He returned to India in 1939 due to outbreak of second world war which proved to be a landmark in his career and more for India in the development of science. In 1940 he joined the Indian Institute of Science Bangalore as reader in theoretical physics. He set up a separate cosmic rays department for research. He rose to the position of professor in the institute in 1942. He dreamt of building modern India with the promotion and application of science. At that time no sufficient facilities for research in nuclear physics were available in India. He therefore wrote a letter Dorabji Tata in March 1944 wherein he informed that India needed nuclear energy in years to come and hence it needed proper research facilities in atomic physics and requested him to help in opening a proper institute for exclusive research in this field. It was his farsightedness that he realised the importance of atomic energy at a time when it was just in infancy stage as the demonstration of the first reactor was done only two years back in 1942. As a result of this letter The Tata Institute of Fundamental Research was founded in 1945 which was also supported financially by Government of India. Bhabha was appointed its first director.    Atomic Energy Commission was established in 1948 and Bhabha was appointed its first chairman. The commission took the responsibility of constructing Atomic Reactors, purification of atomic materials and also conduct fundamental research. Now the atomic energy programme began to take a concrete shape and a new department of Atomic Energy was created by Government of India in 1954 which was under the direct control of Pt Jawahar Lal Nehru. With this development the atomic energy got special attention of the government. With the hard work of Bhabha as chairman of the Atomic Energy commission the first atomic reactor of Asia was put into operation at Trombay in 1956. He provided his pivotal support to Vikram Sairabhai in setting up Indian National Committee for Space Research. He was also elected as the president of Indian Science Congress in 1951.
JRD Tata and Pt Jawahar Lal Nehru gave support and encouraged Bhabha in his work. He was very close to Nehru and enjoyed his confidence. There was great synergy in the thoughts of Nehru and Bhabha with respect to industrialization and scientific research in the country. Two more reactors namely Apsara and Zerlina were also built by Indian scientists under his guidance. After the construction of these reactors Bhabha started his work in the direction of construction of power plants. Three power plants were set up at Tara Pur, Rana Pratap Sagar and Kalpakam. An Atomic Energy Establishment was also created for application of atomic energy for peaceful purposes and again Bhabha was appointed its director. All this enabled India to win new laurels in the study of atomic energy. Bhabha was also invited by Nehru to become the minister of atomic energy in his cabinet but Bhabha declined saying that he has great love for science than the charm of ministry. He also started a training centre to train young scientists in different fields of nuclear science.  He brought many scientists at one platform and arranged lectures. He became the chairman of the first United Nations conference on the peaceful uses of the atomic energy held in Geneva in 1955. He emphasised that there should be an international control on nuclear energy and a ban on atomic weapons. He also stressed the need for using atomic energy for alleviation of poverty and misery of the people.
For his love to science he never thought of marrying and remained a bachelor throughout his life. Once asked about his marriage he told ” I am married to creativity”. It was due to his excellent ground work done and right direction given in the field that India was able to perform its first atomic explosion in May 1974 at Pokhran in Rajsthan and join the galaxy of nuclear power nations becoming the sixth in the series. Sadly this great scientist of India who is also known as the father of nuclear power in India met a premature death at the age of 56 in a plane crash in Switzerland on 24th January 1966 while proceeding to attend an international conference. The Atomic Energy Establishment at Trombay was renamed as Bhabha Atomic Research Centre on 12th January 1967 in the honour of this great scientist of India. In the words of Sir C.V.Raman, Bhabha was a great lover of music, a gifted artist, a brilliant engineer and an outstanding scientist.

Trade policy in limbo

Trade, industries and commerce are burning topics for debate and discussion among the people. We know that trade has assumed highest significance in contemporary world and it is considered the key to removal of many debilities with which a developing country like ours is afflicted. But we need fast track activity in the areas of trade, commerce and industries. Unfortunately, our State is far behind other States of the Union in these areas. The Chief Minister seems to be seized of the matter that the State needs a well considered Trade Policy that would become the sheet anchor of our economic development. In pursuit of this idea, a committee of experts was constituted in this regard.  In the 24th Industrial Advisory Committee meeting held on October 24, 2013, the Chief Minister Omar Abdullah had fixed three months time frame for formulation of Trade Policy for the State. In fact, the State does not have any trade policy so far and much of it has been left to the Chambers of Commerce at Srinagar and Jammu. Trade Policy means having a comprehensive view of various areas like issues relating to industrialization, job creation and generation of wide-ranging economic activities in the industries, handicrafts, and trade and commerce sectors. Unless a State has a clear cut policy on these matters, it cannot make substantial progress. Serious and in-depth consideration of all aspects related to these matters helps in formulating procedure, rules, regulations and culture for universal application when the matter of conducting trade come up.
It is a sad commentary that the Government has not been able to keep the time schedule and come out with specific as well as comprehensive report on what should be the parameters of Trade Policy for the State. In the first place, there is the need of close cooperation among the stakeholders like various Government departments, chambers of commerce and representatives from the business community. There is also the need of interacting with such business houses and corporate houses as would be willing to invest in the State in different ventures. Absence of this coordination has been the main reason for the committee not being able to make any headway till date. The departments concerned have not submitted their reports on the basis of which a comprehensive policy could be framed. One cannot say whether it is non-serious attitude of departments concerned or their inefficiency or sabotage that does not allow Government policy to move forward. The Chief Minister, who chaired the 24th Industrial Advisory Committee meeting, must have been a sad person when informed that his directions of preparing the comprehensive report within three months have not been honoured and that the committee will demand extension of deadline. Forced by the exigency of situation he issued explicit directions to the committee for accomplishing the task within a period of three months positively by January 24, 2014. This has not materialized. Inordinate slackness on the part of the members of the committee is inexcusable. And if the departments concerned are not responding within the stipulated time, some sort of action has to be taken against the defaulters.
People within or outside the Government have to understand that now-a-days, countries want to build their economic strength as it is considered one of the basic tasks that we shall have to do in regard to vast rural segment of the State in all the three regions.

FAO asks China’s neighbours to be vigilant of influenza virus

NEW DELHI, Jan 23:  Following an increase in influenza A(H7N9) cases in China, the United Nations food agency FAO has called for increased vigilance and preparedness in neighbouring countries such as India.
“Human infections with the influenza A(H7N9) virus are on the rise again in China and the upcoming Chinese New Year festivities provide opportunity for further spread and human exposure,” the Food and Agriculture Organization (FAO) said in a statement.
“Chinese authorities are enforcing important measures to reduce the risk of human exposure to the A(H7N9) virus,” FAO Chief Veterinary Officer Juan Lubroth said. “But countries need to stay alert, as the virus continues to circulate in poultry without showing any visible clinical signs.”
The risk to humans remains, especially over the next few months and particularly during the Chinese New Year holiday period, he added.
The FAO said millions of people and poultry are expected to be on the move and many households will slaughter poultry at home to celebrate the New Year that starts on January 31.
The number of human infections with H7N9 has increased considerably since late December in east and southeast China, according to the World Health Organization (WHO).
The increase was expected as influenza viruses traditionally show increased activity in winter. So far, no other country has reported influenza A(H7N9) in humans, animals or in the market place, it added.
However, FAO alerted neighbouring countries to remain vigilant in the face of A(H7N9) and other avian influenza viruses, such as the highly pathogenic avian influenza H5N1.
China, the world’s most populous country, has 14 neighbours: Afghanistan, Bhutan, India, Kazakhstan, Kyrgyzstan, Laos, Mongolia, Myanmar, Nepal, North Korea, Pakistan, Russia, Tajikistan and Vietnam.
Influenza A(H7N9) is one of a subgroup of influenza viruses that normally circulate among birds.
There is strong evidence that people become infected after close contact with infected live poultry, mostly in bird markets or when slaughtering them at home, the FAO said.
According to WHO, no sustained human-to-human transmission has occurred so far. Genetic analysis by FAO reference centres has revealed that the virus has not changed significantly since its emergence last year. (PTI)