As
land hassles stem the flow of NRI investment in Punjab, the Government
takes steps to ease the legal woes of expatriates.
WEB
ONLY FEATURES
Digvijay's friends continue to
benefit from his generosity as they are allotted prime land for peanuts.
India Today's Neeraj Mishra reports. UNQUESTIONED
LARGESSE
INDIA
TODAY CONCLAVE
The
Conclave concludes on a high note. Al Gore, Stanley Fischer and other world
leaders listen and are heard. Catch up on the highlights. Take
me to Conclave now
CARE
TODAY
INDIA
TODAY HINDI
CURRENT
ISSUE APRIL 07, 2003
NEWSNOTES: HEALTH HAZARD
Breathing Uneasy: TB Continues to be a
Killer
Every day, tuberculosis claims 1,053 lives in India,
while 5,000 people contract it. Last year, there were around 4,00,000
deaths, most of which could have been prevented had dots (Directly Observed
Treatment, Short Course) been in place. Despite the Government's claim
in 2000 that seven out of 10 people with infectious TB would be treated
with dots and by 2005 at least six would be cured, the reality is different.
The TB Report Card for India, which was released last week on World Tuberculosis
Day by the Pune-based Massive Effort Campaign, reveals that 56 per cent
of the Indian population have seen only half-hearted TB programmes, while
3 per cent have seen none. This despite the World Bank pumping in Rs 142
crore annually into TB programmes in India. In the next five years, Rs
190 crore will come in from the Global Fund, while Rs 169 crore has been
demarcated for TB in Budget 2003. Setting goals may be a result of political
will, but achieving them will need more than that.
-Shefalee Vasudev
Calling Off
The war clouds hovering over Iraq have begun taking a toll on the foreign
tourist traffic to India. Ladakh, the cold desert in Jammu and Kashmir,
is among the first to feel the heat of the US war on Iraq. In the past
three weeks, nearly 25 per cent of the foreign tourists who had booked
for travel to Ladakh this summer have cancelled their trip, according
to tourism officials at Leh. Most of the cancellations are from the US
and Europe. It is worrying given the fact that tourism is the mainstay
of the Ladakh economy. Last year, it suffered because of the rise in Indo-Pak
border tensions. This time too, with the Iraq crisis showing little signs
of abating, Ladakhis are keeping their fingers crossed on the arrivals.
-Ramesh Vinayak
PRIVATE
BANKING
Kotak's Private Gamble
PRIVATE BANK: Kotak
Uday Kotak, well known in Mumbai for his stock-broking and corporate
deal-making acumen, now wants to demystify your money. Kotak, 44, has
converted his 18-year-old finance company, Kotak Mahindra Finance, into
what is India's first private-sector bank in nearly a decade. It is also
the first time a private company has turned itself into a bank. And Kotak
feels there is a place for him in a market crowded with public, private
and foreign banks trying to grab a share of your wealth.
"We will target only the aspirational class," he says. This
implies households that have an annual income of at least Rs 4.5 lakh.
And Kotak says there are 70 lakh such households in India.
So those who can afford to keep a minimum bank balance of Rs 20,000
are welcome to Kotak Mahindra Bank. This, Kotak says, is to ensure that
the bank can keep only so many customers that it can service effectively.
While the target clientele will be the usual suspects-software sector
employees and self-employed people, among others-Kotak promises to bring
the financial-sector flavour to banking. "To find practical financial
solutions for our customers is what we will focus on," he says.
"Our platform is to give good advice and keep it simple,"
says Kotak. He will need to do a lot more.
-Vivek Law
DISASTER
WARNING
Now SMS can also be an SOS
MAIL MESSENGERS: Trivedi (left) with Jajal
Some would say it is two years too late. A lecturer in Bhavnagar Engineering
College has developed a disaster warning system that can send out an SMS
message within seconds of a natural disaster. If this innovation had been
in place before the January 26, 2001 Gujarat quake, it would have helped
save many lives. But better late than never. Kiran Trivedi, 27, and two
of his students, Jaigiri Goswami and Mehul Jajal, have put together a
system of vibration sensors and it network to develop an "emergency
messenger system" (EMS). It sends an SMS message within 20 seconds
of a disaster taking place. And the activation is automatic. If plugged
to a seismograph, it will give out earthquake alert within 20 seconds-faster
than the shock waves can travel and, of course, much faster than you can
make a phone call or type out an SMS.
"If this system had been in place in Kutch when the massive quake
ripped it two years ago, mobile users in Ahmedabad would have known of
the impending havoc at least 90 seconds in advance," says Trivedi.
Now the trio is trying to include the quake's intensity on the Richter
scale on the EMS.
Earthquakes were, of course, the first thing on Trivedi's mind. But
his system can be used in case of floods too. If a sensor is placed at
the danger level on a river bridge or a dam, it will give a warning within
20 seconds of the water flooding.
The EMS works simply enough. The vibration sensors electronically convey
the alert to a computer equipped with a special software which is constantly
searching for the ominous signal. If an Internet service provider is used
to transmit it to an SMS server, it would take 20 seconds. And only five
seconds if a dedicated server is in place. The EMS costs only Rs 500 to
instal. A small price to pay for thousands of lives.
-Uday Mahurkar
Made in India Mobiles
The first Indian brand of mobile phones has a very Indian name-V.K. Munoth.
Chennai-based Munoth has joined hands with the V.K. Corporation of South
Korea to launch some of the smallest handsets in the world. Priced at
Rs 12,900-17,500, the first range of models weigh about 70 g. They sport
a bio-rhythm evaluator that tells you your daily mood based on numerological
calculations. Munoth, who is a distributor for Siemens, plans to tap his
existing network of 2,000 dealers. But even a Munoth phone cannot predict
its prospects in the Indian market.