India 01 (May 08 - Aug 11)

Re: India 01 (May 08 - Jun 11)

Postby winston » Fri Jun 17, 2011 11:55 am

While hundreds of millions live in poverty, they think that it's "wize" to build this statue ...


Indian state plans world's tallest statue by Abhaya Srivastava

The Indian state of Gujarat has invited global tenders to help build the world's tallest statue -- a 182-metre memorial to an independence hero that will cost $300 million.

The towering 597-feet figure, which would reach almost halfway up New York's Empire State Building, will bear the likeness of Vallabhbhai Patel, the freedom fighter who guided India's integration into a united, independent nation.

Patel was born in Gujarat and the state government has been kicking the statue proposal around for some time, but now the plans appear to be moving forward.

In the latest edition of The Economist magazine, the government took out a full page advertisement inviting tenders to provide consultancy services for the project, including scrutiny and vetting of the structural blueprints.

According to the advert, the statue of Patel, which will be known as the "Statue of Unity", will be built on an islet in Gujarat's Narmada river, a few miles downstream from the giant Narmada Dam hydroelectric project.

It is a pet project of Gujarat Chief Minister Narendra Modi, who believes the structure will be "standing high, not just in metres and feet, but much more in terms of academic, historical, national and spiritual values."

"My vision is to develop the place as a source of inspiration for ages to come," Modi wrote in a recent blog.

"It will have a high-tech museum, chronicling 90 years' history of India?s freedom fighters. Going much beyond a structure, it will be developed as a research and academic centre for preserving the unity and integrity of India."

Known as the "Iron Man of India", Patel played a major role in the struggle for independence from British rule.

A close friend and ally of Mahatma Gandhi, with whom he shared a prison cell, he became the leader of the Congress Party in 1934 and was a leading force in the Quit India civil disobedience movement.

Patel's lasting legacy was forged in his role as India's first home minister, when he was tasked with moulding a united country from hundreds of semi-autonomous princely states and British-era colonial provinces.

The monument, which will only be accessible by boat, will have lifts to take visitors to the top for a panoramic view from Patel's eye.

It will be four times the height of the Statue of Liberty and six times that of Christ the Redeemer in Rio de Janeiro.

It would also tower 50 metres over the 128-metre Spring Temple Buddha in China's Henan Province which currently holds the title of world's tallest statue.

Modi is a controversial politician, who has been credited with turning around Gujarat's economic fortunes but is tainted by accusations of complicity in the massacre of Muslims during riots which swept the state in 2002.

Despite impressive economic growth figures, poverty and hunger levels remain high, especially among Gujarat's large Muslim population and lower caste Hindus.

"If Mr Modi really wants to show his respect for Sardar Patel, he should spend this money on the upliftment of those living below the poverty line and on improving the infrastructure," said Mahesh Pandya, director of Paryavaran Mitra (Friends of the Environment), based in Gujarat's largest city, Ahmedabad.

"Such an expenditure on erecting a statue cannot be justified in a scenario when people are dying of hunger and poverty," Pandya told AFP.

Other critics have compared Modi to the chief minister of Uttar Pradesh, Mayawati, who has spent hundreds of millions of dollars erecting statues of herself and other icons of the lowest-caste dalit community to which she belongs.

However, Gujarat government spokesman Jainarayan Vyas argued that ambitious, large-scale public projects could make an important contribution to a state's status and sense of self-worth.

"Several projects have long-term implications and their value cannot always be measured in terms of profit and loss," Vyas told AFP.

"Sardar Patel has not been given his due in Indian history. We believe Patel deserves a monument befitting his stature and the heights he achieved during his lifetime," said Vyas, who is Gujarat's health and tourism minister.

"You can say the statue is a metaphor for his tall achievements," he added.

Source: AFP Asian Edition
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Re: India 01 (May 08 - Jun 11)

Postby winston » Sun Jul 03, 2011 8:01 pm

Treasure trove found in Indian temple, said to be worth billions by D Jose

THIRUVANANTHAPURAM, India (Reuters) - A treasure trove of gold, diamonds and precious stones hidden for centuries was discovered in the underground vaults of a temple in southern India, a temple official said Sunday, as authorities scrambled armed police to guard the shrine.

Local media said that the search team's finds included a four-feet-tall gold statue studded with emeralds, 15-feet-long gold necklaces and jewel-encrusted crowns. The estimated value of the hoard is 750 billion rupees ($17 billion), but officials said they were yet to assess the findings.

"Most of the articles found in the temple are offerings made by devotees and wealth the erstwhile rulers of the Travancore princely state had stored in the temple," the temple official said on conditions of anonymity.

The treasure was found in the 16th century Sree Padmanabhaswamy temple in southern Kerala state, the royal chapel of the former rulers of Travancore, now part of Kerala.

Hundreds of armed police were deployed around the temple and metal detectors were set up at the entrance after the first reports of the treasure came out Saturday.

The value put to the treasure is more than what the federal government spends on education annually.

Intellectuals and religious leaders debated on how to use the wealth. A mob attacked the house of an activist who demanded it be used to public purposes.

Several temples in India have billions of dollars worth of wealth as rich devotees and royalty donate gold and other precious objects, and run schools, colleges and hospitals.

The Tirumala temple in eastern Andhra Pradesh state is reported to have 3,000 kg of gold, a third of which it deposited with the State Bank of India last year.

The royal family still controls the Sree Padmanabhaswamy temple, unlike other temples in Kerala which are managed by the government. The government appoints priests and scrutinises budgets.

The vaults were searched after a local lawyer petitioned a court to order the government to take over the temple as it did not have adequate security to protect its wealth. India's top court had then set up a committee to open the long-sealed vaults and take stock of the treasure.

Temple Affairs Minister V.S. Sivakumar said the government would ask the Supreme Court on how to maintain the treasure.

Source: Reuters US Online Report World News
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Re: India 01 (May 08 - Jul 11)

Postby winston » Sat Jul 09, 2011 9:32 am

Asian Trader: Nasty Surprise at Indian Bank

The April 7 leadership change at the State Bank of India has brought renewed scrutiny to the practice known as kitchen-sinking, a quietly accepted -- if unwelcome -- facet of Indian banking.

How it works: The outgoing chairman racks up as much profit as possible in his final quarter, throwing in everything but the proverbial sink, which leaves the incoming chairman to correct mistakes and undo bad decisions, Barron's reports.

Source: Barrons
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Re: India 01 (May 08 - Jul 11)

Postby iam802 » Wed Jul 13, 2011 11:11 pm

Mumbai: Explosions shake India's financial hub

http://www.bbc.co.uk/news/world-south-asia-14141454
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Re: India 01 (May 08 - Jul 11)

Postby LenaHuat » Thu Jul 14, 2011 8:27 am

Oh no, more Indians would head here :twisted: .
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Re: India 01 (May 08 - Jul 11)

Postby kennynah » Thu Jul 14, 2011 8:55 am

LenaHuat wrote:Oh no, more Indians would head here :twisted: .


shaking my head side to side... :cry: and saying "yes"....
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Re: India 01 (May 08 - Jul 11)

Postby winston » Thu Jul 14, 2011 8:59 am

I dont think it has anything to do with the Indians.

It has all to do with the Singapore government's policy of encouraging foreigners to live in Singapore.

The Indians are in Singapore legally.
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Re: India 01 (May 08 - Jul 11)

Postby LenaHuat » Thu Jul 14, 2011 9:30 am

kennynah wrote:
LenaHuat wrote:Oh no, more Indians would head here :twisted: .


shaking my head side to side... :cry: and saying "yes"....


It is more than the above. Remember what MP Indranee said about these new immigrants just 5 years ago. Now that she is heading SINDA she has toned the pitch down. But the facts remain.
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Re: India 01 (May 08 - Jul 11)

Postby kennynah » Thu Jul 14, 2011 9:35 am

Hi L :)
i don't monitor what MP Indranee said about these new immigrants...care to tell me? thanks.
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Re: India 01 (May 08 - Jul 11)

Postby LenaHuat » Thu Jul 14, 2011 9:35 am

This is what she said in March 2007 and as far as I am concerned, these facts remain true.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/261658/1/.html
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