Osama Bin Laden used to live in an area which was populated with affluent retired Pakistani senior military offiicers.The compound had 18 foot walls,barbed wire and internet connections.The compound was built in Abbotabad which is just 35 kms away from the Pakistan capital of Islamabad.Living in such a big compound amongst important military officials it would take a really dumb person to think that Pakistan government did not know or shelter Osama Bin Laden.It is a damning indictment of the Pakistani establisment.Note a number of terrorist incidents have a common origin in Pakistan.The Mumbai terrorist bombing in which the prime accused has said that Pakistani government officials were in the know about the bombings in which Americans and Israelis were targeted in India’s financial capital Mumbai.The failed London bombing too had its origin in Pakistan.Now this operation which was conduced in the very heart of Pakistan to kill the most dreaded terrorist the world has seen.
Lavasa is a story of corruption,looting of the poor and raping of the surrounding environment by the Indian politician-bureaucrat-businessmen nexus in a beautiful cover of a township built for the rich and well heeled.There is little concern for the law as these powerful developers know that they can get away with murder quite literally.The long term sustainability of the township is in doubt which defeats the entire purpose anyway.Any buyer of property in Lavasa should be aware of these problems and should not buy it as their investment will be eroded in the future anyway besides having the taint of being looted from the poor.However the media too has lost interest as a new scandal emerges everyday.
Lavasa Township being constructed near Pune,Maharashtra has been in the media off and on for creating a environmental disaster in the shape of a beautiful township constructed on the hills.The town which has been constructed for 300,000 residents has violated all building and environmental norms of the state and centre.With powerful politicians and businessmen backing the project,its not as surprise that the state government of Maharashtra actively helped the township in bypassing all the laws and regulations.There is no provision for permanent water supply and it would lead to a clash between the water wants of Lavasa and Pune.Note builders in India are notorious for leaving out water and waste sustainability in their plans.The residents of the buildings,apartments and other shelters have to bear the brunt later on when there is no water and problems like waterlogging.Gurgaon the millenium township suffers from both of these problems quite acutely.Note these problems are common to both million dollar homes as well as slums in India.
Osama Bin Laden the architect of the dealiest terrorist attack in human history when the Twin Towers and numerous other targest in US were attacked using airline planes has been killed.10 years after starting the campaign to kill Osama Bin Laden,US today said a military mission in Abbotabad Pakistan managed to kill the dreaded fanatic.Note Al Qaeda is the most dangerous international terrorist organization with roots in the badlands of Pakistan and Afganistan.He has been long been suspected of being sheltered in Pakistan which has become a worse hotbed of terrorism than Afganistan.What was surprising that Osama was hiding near the capital of Pakistan which implies that top officials of the Pakistani government had to be involved in hiding Osama.It is an open secret that Pakistan which is being touted as the “US ally” in fight against terrorism has long been playing a double game.The death of Osama in Pakistan brings irrefutable proof to this fact.
Air India which is India’s government owned airline is a cesspool of corruption,sloth,mismanagement and inefficiency.Most of the the aircraft are worse than the second class cabins in Indian trains with cobwebs hanging and dirt piled around.The air hostesses are rude and hostile and over aged as well.The airline has one of the highest manpower to aircraft ratio in the world with more than 200 per aircraft.The airline routinely loses thousands of crores each year which is wasted on the employees who seem more like arrogant owners than workers.Government officials and politicians treat the airline as their personal property making passengers wait in case they are late.Note its not uncommon to find that the seats are torn up and dirty.If you are unlucky you might even find rats running on your feet as the dirtiness invites rodents to make Air India their home.While all airlines have faced tough years,even the worse private airline does not have rats running through them.
SBI and HDFC Bank which are the 2 of the largest banks in the country have protested against the RBI proposal to free up the interest rate given on savings account in India.Note RBI fixes the rate at which money deposited in saings account earns interest currently for all banks in India.The current rate is 3.5% which is way below the near double digit inflation rate being experienced in India.Most Indians deposit their savings in bank saving and fixed deposit accounts as there is no widespread equity or debt investment culture in the country.This allows banks with a large retail depositer base to earn supernormal profits by paying pathetic interest rates on savings account and lending that money at 12-13%.While the public sector banks have to serve a lot of priority sectors private banks have no such concerns.This leads to high NIM for private banks leading to huge profit growth each year.This has made investing in top banks in India such an attractive proposition.
NTPC,India’s largest power generating utility with around 35 GW of electricity capacity is set to enter renewable energy in a big way as it has singed 500 MW of PPAs with state distribution companies for supplying green energy.Note India’s electricity regulator CERC has mandated a 6% Renewable Purchase Obligation (RPO) in 2011 which will increase by 1% each year to 15% by 2020.A number of states have fallen behind in meeting their RPO and would need to either generate or buy Green Energy to meet the CERC targets for renewable energy.NTPC which is predominantly a thermal power utility has been planning to set up wind and solar power plants but nothing has been done till now.However after signing these PPA with the Madhya Pradesh,Orissa and Karnataka government,the renewable energy projects should get accelerated.