Friday, June 4, 2010
Tuesday, July 7, 2009
Conservation of the big cats continues to remain a priority for the government, which has doubled the budgetary allocation for the Tiger Project to Rs 184 crore in 2009-10 from Rs 72 crore in 2008-09.
Tiger Project is an autonomous body entrusted with the task to protect and conserve the royal predators whose number has dwindled to 1,411 across the country as per the latest estimate.
Besides, the government has alloted Rs 562 crore for cleaning and conserving rivers and lakes in the country. The amount for the purpose last year was Rs 335 crore.
"Budgetary allocation under National River and Lake Conservation Plans to be Rs 562 crore in 2009-10 from Rs 335 crore in 2008-09," Union Finance Minister Pranab Mukherjee said in his Budget speech in the Lok Sabha.
The overall funding for the Ministry of Environment and Forests has been increased from Rs 1,707 crore in 2008-09 to Rs 2,129 crore in 2009-10.
Mr. Mukherjee said the government has already approved the notification for setting up the Ganga River Basin Authority for comprehensive management of the basin. The setting up of the authority aims to help replace the current piecemeal efforts to clean up the Ganga with an integrated approach that sees the river as an ecological entity.
The Finance Minister announced a special one-time grant of Rs 100 crore to the Dehra Dun-based Indian Council of Forestry Research and Education in recognition of its excellence in the field of research, education and extension.
He also proposed an allocation of Rs 15 crore each for the Botanical Survey of India, Geological Survey of India and Geological Survey of India for research and study in their respective fields.
Posted by Lokeswara Rao at 9:12 PM
Saturday, February 14, 2009
Is America dream over????
America has much dependent on Indian techies for its IT industry. With recession many Banks became bankrupt and many companies asked US government bail out plan. When President Obama took over charge of reins of America, he has promised American people that he will restore jobs to Americans. With thousands of jobs being cut by US companies almost daily over the past few months, there have been widespread apprehensions that these positions could go to low-cost foreign workers or might be outsourced to places like India. To revive economy Obama has introduced $ 787 billion stimulus bill to revive economy. The US Congress has barred firms receiving government bailout from hiring Indians and other foreign workers through the skilled worker visa (H1-B) programme, if they are replacing American workers. A dozen banks which are getting over USD 150 billion as the bailout money have sought visas for over 21,800 foreign workers in past six years to replace sacked Americans. These banks have announced at least one lakh job cuts in the recent monthsIndians account for a majority of those with H1-B visa, issued to non-immigrant skilled workers for up to six years. Restricting hiring of H1-B visa holders forms part of American Recovery and Reinvestment Act, (the stimulus bill), that was passed by the Congress. The government data for 2008 shows that about 5.7 lakh Indians were issued H1-B and other non-immigrant visas. About two years ago, the US had cut down the H1-B visa limit to 65,000, from 1,95,000 a year previouslyCongress' move would certainly impact hiring of H1-B visa holders, thus affecting in a big way the engagement of Indian techies in the US, but might not affect outsourcing of jobs to places like India. It is believed that the provision in stimulus bill to restrict hiring of H1-B visa holders would deprive the US of the best global talent which comes in the form of highly trained and talented people.
There is wide spread job cuts in IT,BPO, Gems, Textiles, Real estate, infrastructure industry in India and many companies have freezed recruitments and cutting the salaries to cut the expenditure. The service industry depends on IT and infrastructure also badly affected. America is biggest consumer in the world and every country economy is linked with American economy. I feel countries should reduce dependency on USA and there should be reasonable salary structures in private sector, so that the companies also can pay salaries to employees with out job cuts.
Because of high salary structures in private industry, many companies are unable to pay employees salaries during recession hence pink slips. It is also believed that with high salaries there is wide gap in the society, where lot of money flow into the system and raising the prices of real estate, commodities etc. Prime Minister Dr Manmohan sigh has appealed to the private industry to have reasonable salary structure to the private sector employees. President Obama is appealing the private banks and Wall Street companies to have a reasonable salary structure.
With emerging economy, 7-8% annual growth, India is a land of opportunities. The honey in USA is over, many Indians are returning to India.
Friday, February 6, 2009
Obama and Ethical Standards
Posted by Lokeswara Rao at 9:21 PM
Thursday, February 5, 2009
Obama may impose $500,000 cap on top executives' pay packets
The Obama administration is expected to impose a cap of $500,000 for top executives at companies that receive large amounts of bailout money, a media report said on Wednesday, citing people familiar with the plan.Executives would also be prohibited from receiving any bonuses above their base pay, except for normal stock dividends, the New York Times said.The new rules would be far tougher than any restrictions imposed during the Bush administration, and they could force executives to accept deep reductions in their current pay, the paper said.They come amid rising public fury about huge pay packages for executives at financial companies being propped up by federal tax dollars, the Times noted.Executives at companies that have already received money from the Treasury Department would not have to make any changes, it said, adding that analysts and administration officials are bracing for a huge wave of new losses, largely because of the deepening recession, and many firms that have already received federal money may well be coming back.Crucial details, the paper said, remained unclear, including whether the restrictions would apply to all companies that receive money under the so-called Troubled Assets Relief Programme or whether they would apply only to the "exceptional" firms that were being rescued from collapse.Under the Treasury's $700 billion rescue programme, most companies that have received money so far have been considered "healthy" rather than on the brink of collapse, the paper said.But five of the biggest companies to get help -- Citigroup, Bank of America, the American International Group, General Motors and Chrysler -- were all facing acute problems. And top executives at those companies made far more than $500,000 in recent years.
Posted by Lokeswara Rao at 12:54 AM
Monday, November 24, 2008
The priests have been drawn from states like Uttar Pradesh, Bihar and Rajasthan apart from different parts of Gujarat to Madhavnagar locality of Ramosana. The ritual, which began 15 days back, has the priests sitting around 109 sacrificial fires and chanting hymns to appease goddess Meldi, urging her to restore prosperity and world peace.
Surprisingly, none of the residents of Mehsana, about 75 km from Ahmedabad, know much about the financial crisis the world is facing. But the Koti Chandi Mahayagna Seva Samiti (KCMSS), which is organising the ritual, claims it is the first ever yagna (sacrificial ritual) to be performed at such a large scale that would continue for two years at an approximate cost of Rs.1.5 billion (Rs.150 crore).
'The yagna which has entered its 15th day on Saturday will continue uninterruptedly for two years. The first phase of the yagna will end after 10 million Chandi Path slokas (hymns) in praise of goddess Meldi have been uttered invoking divine blessings,' said Dahyabhai Patel, convener and trustee of KCMSS
Said Shari Ratnesh Jha, a priest invited to perform the rites: 'It is unprecedented. I have never came across such big havans before.'
'It is indeed historical as this sort of vast yagnas are found only in religious texts. Only Hindu emperors of yore performed such yagnas,' said Kailasnath Chandralekh, another priest.
Pradyuman Shashtri, the head priest from Mehsana, says this is the greatest moment of his life and that the ritual is sure to have positive results.
'I am sure Goddess Meldi will fulfil the desires of the people.'
Posted by Lokeswara Rao at 12:58 AM
Sunday, September 14, 2008
Posted by Lokeswara Rao at 5:12 AM