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Saturday, 2 September 2017

Narendra Modi’s $87 billion river-linking project set to take off as floods hit India

After years of foot-dragging, the govt plans to begin work on an $87 billion scheme to connect nearly 60 rivers in the country as Narendra Modi bets on the project to end deadly floods, droughts

Mayank Bhardwaj

Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought Mumbai to a standstill this week. The Tamil Nadu, in contrast, recently rationed drinking water due to drought. Photo: PTI
Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought Mumbai to a standstill this week. The Tamil Nadu, in contrast, recently rationed drinking water due to drought. Photo: PTI
Daudhan: After years of foot-dragging India will begin work in around a month on an $87 billion scheme to connect some of the country’s biggest rivers, government sources say, as Prime Minister Narendra Modi bets on the ambitious project to end deadly floods and droughts.
The mammoth plan entails linking nearly 60 rivers, including the mighty Ganges, which the government hopes will cut farmers’ dependence on fickle monsoon rains by bringing millions of hectares of cultivatable land under irrigation.
In recent weeks, some parts of India and neighbouring Bangladesh and Nepal have been hit by the worst monsoon floods in years, following two years of poor rainfall.
Modi has personally pushed through clearances for the first phase of the project — which would also generate thousands of megawatts of electricity — the sources say, despite opposition from environmentalists, tiger lovers and a former royal family.
That will involve construction of a dam on the Ken river, also known as the Karnavati, in north-central India and a 22-km (14-mile) canal connecting it to the shallow Betwa.
Both rivers flow through vast swathes of Uttar Pradesh and Madhya Pradesh states, ruled by Modi’s Bharatiya Janata Party (BJP), and the prime minister hopes the Ken-Betwa scheme will set a template for other proposed river interlinking projects, one of the sources said.
“We have got clearances in record time, with the last round of clearances coming in only this year,” Sanjeev Balyan, the junior water resources minister, told Reuters. “The Ken-Betwa interlinking tops the priority list of the government.”
Government officials say diverting water from bounteous rivers such as the Ganges, Godavari and Mahanadi to sparse waterways by building a clutch of dams and a network of canals is the only solution to floods and droughts.
But some experts say India would be better off investing in water conservation and better farm practices. Environmentalists and wildlife enthusiasts have also warned of ecological damage.
BJP states first
The 425-km (265-mile) Ken flows through a tiger reserve nestled in a verdant valley. The government plans to clear out 6.5% of the forest reserve to build the dam, relocating nearly 2,000 families from 10 remote villages.
Around half a dozen clearances, including on environmental and forest protection, have been obtained for the scheme to link the Ken and Betwa, according to two sources and documents seen by Reuters.
Modi’s cabinet is likely to give its final go-ahead for the project within a couple of weeks, sources say, after which he will flag off construction at the site about 805 km (500 miles) from New Delhi, currently marked only by rows of red concrete slabs placed on the ground.
The government is also finishing up paperwork on projects in western India linking the Par-Tapi with the Narmada and the Daman Ganga with the Pinjal. The projects involve Modi’s home state of Gujarat and neighbouring Maharashtra, which includes Mumbai, both also ruled by the BJP.
The river-linking projects was first proposed in 2002 by the last BJP-led government. Work stalled because state governments sparred over water sharing contracts and clearances got stuck in India’s notoriously ponderous bureaucracy.
This time, officials hope starting with projects that are all in BJP-ruled states will smooth negotiations.
Modi’s government is touting the linking of rivers as a panacea to the floods and droughts that plague India every year, killing hundreds of poor people and withering crops.
Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought the commercial capital Mumbai to a standstill this week. The southern state of Tamil Nadu, in contrast, recently rationed drinking water due to drought.
Not everyone is convinced the projects should be the priority, however.
“Theoretically we can’t find fault with the plan,” said Ashok Gulati, a farm economist who has advised governments. “But spending billions of dollars in a country which wastes more water than it produces, it makes more sense to first focus on water conservation.”
India, which has 18% of the world’s population but only 4% of the usable water resources, perversely gives incentives to produce and export thirsty crops such as rice and sugar cane.
Tigers, vultures and canyons
The proposed 77-metre high (250-ft), 2-km long dam on the Ken River will submerge 9,000 hectares of mostly forest land. A big portion will come from the Panna Tiger Reserve, near the UNESCO world heritage site of Khajuraho Temple in Madhya Pradesh.
The forest reserve, a major tourist attraction, is home to 30-35 tigers and nearly 500 vultures.
“Building a dam in a reserve forest is an invitation to a grave environmental disaster,” said Shyamendra Singh, the scion of the Maharajas who ruled a princely state near Panna during the British colonial era. “It will lead to floods in the forest and drought in the downstream.”
Authorities say they have planned for the safety of tigers and vultures.
People in Daudhan village, not very far from the Gangau dam built by the British in 1915, are ambivalent. With no access to electricity and other basic services, they want more information on what they will get in return for being displaced.
“We never got to see electricity in our village,” said village elder Munna Yadav, gesticulating towards the Ken flowing a few metres from his thatched cottage. “If our children get to move out of this area and if the dam benefits everyone, we’ll not oppose it.” Reuters

Tuesday, 4 April 2017

BEST & WORST...

JOURNEY FROM SEPTEMBER 2015TO CURRENT DATE : 03-04-2017
THE BEST BUYS AND THE WORST TRAPS

1.    DISHMAN PHARMA:  FIRST IDENTIFIED AT 63-68 RANGE MISSED, LATER BOUGHT AT 118 LEVEL THAT DAY FELL TO 106 SOLD AT 114-15 LEVELS
TODAY AT @Rs 323 WITH 1:1 BONUS, ONE LAKH INVESTED NOW 5.38 LAKHS

2.    KMC HOSPITALS: BOUGHT AT Rs 3.8 SOLD ARROUND RS 8 WITH IN 6 MONTHS
TODAY AT @Rs 13.5 WITH HIGH @ 16.4,; ONE LAKH INVESTED NOW 3.5 LAKHS

3.    RANA SUGARS BOUGHT AT 4.11 SOLD ARROUND RS 9 TO 11.2 WITH IN 6 MONTHS
TODAY AT @Rs 10.35 WITH HIGH @ 17.67,; ONE LAKH INVESTED NOW 2.5 LAKHS

KM SUGARS ( PERSONAL LEVEL BOUGHT AT Rs 1 TO 1.25 SOLD AT 5.37 TO 7.8 THEN AGAIN CAME DOWN TO 1.8-2.2 LEVEL NOW TOUCHED A HGH Rs 37.5 CURRENT RATE 29.3)

4.    HIMALAYA INTERNATIONAL: BOUGHT AT Rs 7.8 SOLD AT 11 & 12 
TODAY AT @Rs 29.95 WITH HIGH @ 29.95; ONE LAKH INVESTED NOW 3.8 LAKHS

5.    BURNPUR CEMETS: BOUGHT AT Rs 9.0 SOLD ARROUND Rs 13-14
TODAY AT @Rs 11.65 WITH HIGH @ 17.5 ; ONE LAKH INVESTED NOW 1.3 LAKHS

6.    UDAIPUR CEMENTS BOUGHT AT Rs 11 SOLD AT 18 
TODAY AT @Rs 34.95 WITH HIGH @ 34.95; ONE LAKH INVESTED NOW 3.0 LAKHS

7.    PANYAM CEMENTS BOUGHT AT Rs 58 AD AT 50 SOLD AT 67 & 72
TODAY AT @Rs 83.5 WITH HIGH @ 88.95; ONE LAKH INVESTED NOW 3.0 LAKHS

8.    SANGHI IND BOUGHT AT Rs 57.8 SOLD AT 62&64
TODAY AT @Rs 70.75 WITH HIGH @ 90.75; ONE LAKH INVESTED NOW 1.2 LAKHS

9.    RAIN INDUSTRIES BOUGHT AT Rs 27.8 SOLD AT 32 AND 34

TODAY AT @Rs 110.75 WITH HIGH @ 114.65; ONE LAKH INVESTED NOW 3.8 LAKHS

10.BALASORE ALLOYS BOUGHT AT Rs 24.8 SOLD AT 26.8 
TODAY AT @Rs 70.75 WITH HIGH @ 77.20,; ONE LAKH INVESTED NOW 3.08 LAKHS

BREXIT FEARS:

NFL BOUGHT AT Rs 27.8 SOLD AT 32.8
TODAY AT @Rs 75.5 WITH HIGH @ 80.95; ONE LAKH INVESTED NOW 2.8 LAKHS

HIMADRI CHEMICAL BOUGHT AT Rs 16.8 SOLD AT 24.8
TODAY AT @Rs 47.5 WITH HIGH @ 49.5; ONE LAKH INVESTED NOW 2.8 LAKHS

PILITALICA BOUGHT AT Rs 3.8 SOLD AT 6.8
TODAY AT @Rs 14.13 WITH HIGH @ 17.8; ONE LAKH INVESTED NOW 3.68 LAKHS

DEMONITISATION FEARS:

HARISSON MALAYALAM BOUGHT 60 SOLD AT 62.8
TODAY AT @Rs 83.75 WITH HIGH @ 95.6 ONE LAKH INVESTED NOW 1.4 LAKHS

JAYSREE TEA BOUGHT 106 SOLD AT 113
TODAY AT @Rs 110.0 WITH HIGH @ 121.5 ONE LAKH INVESTED NOW 1.04 LAKHS

DIANA TEA BOUGHT 16.80 SOLD AT 22.8
TODAY AT @Rs 21.75 WITH HIGH @ 29.65 ONE LAKH INVESTED NOW 1.3 LAKHS

GOODRICK TEA BOUGHT 176.80 SOLD AT 182.8
TODAY AT @Rs 278.60 WITH HIGH @ 306.75 ONE LAKH INVESTED NOW 1.63 LAKHS

IDENTIFIED, WAITED AND MISSED

1.    INDIA CEMENTS IDENTIFIED @ AT Rs 80.0 NOW AT 164

2.    JINDAL STAINLESS IDENTIFIED @ AT Rs 20.0 NOW AT 77 (BOOKED NOMINAL LOSS)

TEHE WORST TRAP OR BAD LUCK AVON LIFE SCIENCES BOUGHT AT 46 AGAIN AT 36 AND AGAIN AT 28 NOW AT 7.5 ONLY

THERE ARE MANY GOOD POSITIONS RUNNING AND SOME GOOD POSITIONS BOOKED….




Friday, 13 January 2017

TRADING DISORDERS

TRADING AS A PROFESSION:

Many professional experts consider "Day Trading" is an effective tool to make money on the volatility but amateur retail investors get caught on the wrong foot due to emotional imbalance and lack of understanding of the "Game Plan" involved.

The Online Trading opened many windows of opportunities to retail investors. Many traders prefer Day trading in stock markets as a profession because of the underlying opportunity to make money is huge. The online screens exhibit the trades with rise and fall of the prices in ticker and the colors that stimulate emotions to Buy or Sell instantly to grab the opportunity. The emotional "Greed and Fear" attached to the position when built, generate anxiety and turbulence in the mind and get confused to take right decisions at the right time.

COMMON TRADING DISORDERS:

The Institutional and professional investors wait for the right time to go for shopping in stock markets whose investment research enhances better decision-making process with RIGHT perspective in STOCKS that can do well in future, improve their balance sheets at revenue front & profits part and market capitalization. The Investment decisions in stock markets considered both on Scientific research and Art part is recognizing the “TIME to INVEST”. They have the holding capacity as well loss-bearing capacity and may sometimes write off the loss and search afresh in other stocks.

RETAIL TRADER CHALLENGES:

I)Revenge Trading:

Revenge Trading is a very common practice and done to make money from that counter/scrip. The force of revenge gets generated in the mind as a consequence to the loss incurred due to hasty decisions made in the market volatility. The trader gets emotional rage to the foolish position made and a humiliating failure to enjoy profits triggers retaliation. Many losers as traders do trade with induced insults met and previous wounds stored, strike back with vengeance, also addicted to trade with vigor to prove that they are right and worthy.

The traumatic losing deals are painful and hard to digest. The failure to take right decision bug the mind, pressure build beneath the layers over a period of time. The frustrated mind call for a revenge and retaliation to cover losses from that stock triggers Revenge Trading (study the “Rouge Trader”, a true story of Nick Leeson).

The human Psychology Research Institutes state that the pre-frontal cortex the amygdala responsible for emotional reactions controls the decisions that the trader makes when encountered with an emotional reaction and also regulates the anxiety that shoots up once substantial positions are taken up.

II)Coercive Trading:

Coercive Trader with animal instincts, rule the mind and heart with EGO-centric approach become blind to accept reality, do trade with little reasoning. These traders ignore the warnings, think little on what is being done at the trading, blindly build positions and their ultimate consequences are well known to many.

Most of the times, many traders who lost their control over their positions “pray for the wish” to happen and keep on buying when the price is falling and keep on selling when the prices are rising with coercive nature and argumentative mind. Any size of position against the major trend is a drop in the ocean and simply trying to demand the ticker to do the opposite never happens, seldom prayers get respected those who ignored “The Reality”. This kind of approach even ruined Jesse Livermore (the greatest trader, read the book “ The Reminiscences of a Stock Operator”)

Emotional Compulsive Trading:

Stock trading is a dangerous game for Traders with high emotional attitude get attracted to the magic of Ticker, can become a prey to the market operators. Emotionally disturbed trader lack the situational judgmental mindset, is a Noise Trader (the term first used by Fisher Black in 1986) who is also known a Idiot Trader whose decisions to buy and sell are irrational, confusing, erratic and become a compulsive trader to keep on punching BUY or SELL, doesn’t consider the direction but involves in push and pull off the volume into the system. Needless to mention the results of these traders, may not survive in trading for a long time.

UNDERSTAND GREED AND FEAR:

Professional/seasoned traders get the gut feel, place entry and exit points with a well-defined plan in tune with markets movements. The small-time retail players make their decisions based on some advice, find difficult to deal deep-rooted greed to make instant money in the volatility and fear of further loss influence their decisions but not the rationale, end up winding the capital base. These traders get success less than 5 percent but more than 90% get addicted, continue to create problems to their accounts.

Catch a ROPE:

Result Oriented Planned Efforts-ROPE for better returns as a principle for investing, a well-thought strategy. Market participants unanimously agree that TIMING the bottoms and highs in Stock-Market, a very difficult task anybody can ever achieve. So Institutional investors find their Buying Zones and Selling Zones, instead merely focus on exact right Bottom to BUY and Right High to SELL, whereas retail investors get tempted to CATCH the opposite side for quick bucks, end up in losing wealth.

CONCLUSION: Stock trading is a big opportunity to make money. By the way, understand trading disorders, risks, traps and emotions involved to manage success in stock markets.

A planned approach helps to garner the opportunity and wealth can be created as well.