World-Me-My viewpoint

Andhra Pradesh government has paid an amount of Rs 8 Crores towards interest on Overdraft facility utilised for 5 days from Reserve Bank of India (Central Bank). This happened due to a financial mismanagement / miscalculation by the government. The government released Rs 2067 Crores towards pending incentives for industrial units just 5 days prior to the closure of the financial year. It is understood that these dues are pending for over a decade. This is the news item which has come in the news papers yesterday. What is the motivation to release the entire amount of incentives at one go that too when they were outstanding for over a decade? Second thing is why is it necessary to release these funds at one go when the government is well aware that it does not have sufficient funds in its account in central bank? This is a surprising act by the government which is headed by an experienced Chief Minister, Mr Chandrababu Naidu. But a look at his previous rule, we find that his govern...

  Last week saw the announcement of discovery of the body of Malli Mastan Babu, one of India's top mountaineer. He is unique in a way that very few of the Indian mountaineers were solo climbers and he is one of them. He has the distinction of conquering the summits of the tallest peaks in each of the 7 continents in 2006 in a short span of 172 days and made to the Guinness Book of World Records. Apart from this he has several achievements like, In 2007, he accomplished through trekking and climbing a high-altitude traverse of the four major Hindu dhams of Uttarakhand. During the same year, he had run 8 full Marathons and 3 half marathons in 13 days, spanning 10 Indian States. In 2008, he completed a 75 day High altitude trek from the Mt. Everest region to Kanchenjunga, climbing all the high passes between them, covering a total of approximately 1100km of Himalayan terrain.   He was an alumnus of IIT and a motivational speaker. He lost his life after sum...