THE BEST MARKET TIMES NATION RING OF FIRE …€¦ · mega earthquakes”. Kumar said the Centre...

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Pradeep.Thakur @timesgroup.com New Delhi: The Union home ministry’s disaster manage- ment experts have warned of a bigger catastrophe earthquakes measuring 8.2 or greater on the Richter scale — in the already rup- tured Himalayan region. They say quakes with a higher intensity than the one that struck Manipur on Mon- day are likely to rock the re- gion in the future. The tectonic shift a series of recent earth- quakes have caused in the re- gion — Manipur, 6.7 (2016), Ne- pal, 7.3 (2015) and Sikkim, 6.9 (2011) — has again ruptured plates that had already devel- oped cracks during previous temblors. This has led to con- ditions which might trigger multiple earthquakes with a magnitude of up to 8.0. In a post-Nepal disaster assessment, the MHA’s Na- tional Institute of Disaster Management (NIDM) has warned of enhanced risk around the “ring of fire gar- landing the entire north In- dia, especially the moun- tains”. This was also highlighted at a recent meet- ing organised by the Centre in Arunachal Pradesh capi- tal Itanagar where policy- makers from 11 hill states had participated and resolv- ed to develop a common building code for mountains. Speaking to TOI, NIDM director Santosh Kumar said the interconnected plates across Nepal, Bhutan, Myan- mar and India pose a bigger danger, and predicted a di- saster of a bigger magnitude that awaits hill states and parts of Bihar, UP and even Delhi, which fall under the second worst seismic classi- in magnitude. And if they de- lay, the strain accumulated during the centuries pro- vokes more catastrophic mega earthquakes”. Kumar said the Centre has taken measures to sensitise the governments of all hill states to adopt a common building code different from the rest of India. The Itanagar meet on sustainable develop- ment of mountain states were part of Centre’s earthquake risk mitigation strategy to sensitise policy-makers about “the natural time bomb”. Stress has increased in the mountains of northeast since the Nepal quake. Mon- day’s temblor shows the stress has not been fully re- leased, it has only become worse. “The collision be- tween the Himalayan plate in the north and the Indo-Bur- mese plate in the east, and the risk created as a result, is the highest at this moment,” according to NIDM experts. According to MHA’s own assessment, the regulatory mechanism in Indian cities that prominently figure on the disaster map are weak, and any disaster in any one would cause huge casualties. For the full report, log on to www.timesofindia.com fication, Zone IV. The North- East and other hill states fall under severe seismic Zone V. Though some Indian sci- entists have reservations, but international experts, promi- nently Roger Bilham, the Uni- versity of Colorado seismolo- gist, are of the opinion that “the current conditions might trigger at least four earthquakes greater than 8.0 ‘Delhi Also Falls In The Danger Zone’ Big quake coming: MHA experts Science congress a circus: Nobel winner A UN report (GAR 2015) pegs the annual global loss from earthquakes and cyclone damages at $180 billion Globally $71 trillion worth of assets exposed to serious earthquake risk Almost 59% of the landmass in India prone to earthquakes of moderate to very high intensity The DNA of risk management need to change, disaster risk reduction should be made integral to development initiatives, says NIDM Mountain states can create insurance pool like the one in Turkey for earthquake risk transfer that would help speedier economic rehabilitation Active zone-V which comprises all of Northeast, parts of Bihar, Uttarakhand, Himachal Pradesh, J&K, Gujarat and Andaman & Nicobar Islands, faces highest risk RING OF FIRE The April 2015 earthquake in Nepal has pushed 2.3% to 3.5% of the country’s population below poverty line Very high risk zone-V High risk zone-IV Moderate risk zone-III Low risk zone-II INDIA Bay of BENGAL Andaman & Nicobar Islands Lakshadweep & Minicoy Islands

Transcript of THE BEST MARKET TIMES NATION RING OF FIRE …€¦ · mega earthquakes”. Kumar said the Centre...

Page 1: THE BEST MARKET TIMES NATION RING OF FIRE …€¦ · mega earthquakes”. Kumar said the Centre has taken measures to sensitise the governments of all hill states to adopt a common

TIMES NATIONTHE TIMES OF INDIA, NEW DELHI | WEDNESDAY, JANUARY 6, 2016

RAJNATH OKAYS RESERVATION FOR WOMENIN PARAMILITARY FORCES | 13

KARNATAKA HC QUASHES 15 LAND CASES AGAINST FORMER CM YEDDYURAPPA | 15

STATOISTICS

2016 has begun with a bearish assault on global equity markets and the BSE’s sensitive index has reversed its upward course. Last year, the stock prices at BSE were down 5% on the last trading day of 2015 compared with the prices on the last trading day in 2014. By the same reckoning, of the major countries, Russia had the best performing stock market in 2015. Between these two trading days, Russia’s MICEX recorded the highest increase in value

Source: Bloomberg, stock market movement - last trading day of 2014 vis-à-vis last trading day of 2015 Research: Atul Thakur

TAKING STOCKTHE BEST MARKET PERFORMANCE OF 2015

% CHANGE IN LAST TRADING PRICE BETWEEN 2014 AND 2015

-15 -10 -5 0 5 10 15 20 25 30

SHANGHAI SE China

NIKKEI 225 Japan

HANG SENG Hong Kong

DAX Germany

MICEXRussia

DOW JONES USA

NASDAQ USA

IBOVESPA Brazil

FTSE-100UK

SENSEXIndia

26.1

9.6

9.4

9.1

5.7

-2.2

-4.9

-5.0

-7.2

-13.3

FTSE-100F 0UK

S

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New Delhi: The Union homeministry’s disaster manage-ment experts have warned ofa bigger catastrophe —earthquakes measuring 8.2or greater on the Richterscale — in the already rup-tured Himalayan region.

They say quakes with ahigher intensity than the onethat struck Manipur on Mon-day are likely to rock the re-gion in the future. The tectonicshift a series of recent earth-quakes have caused in the re-gion — Manipur, 6.7 (2016), Ne-pal, 7.3 (2015) and Sikkim, 6.9(2011) — has again rupturedplates that had already devel-oped cracks during previoustemblors. This has led to con-ditions which might triggermultiple earthquakes with amagnitude of up to 8.0.

In a post-Nepal disasterassessment, the MHA’s Na-tional Institute of DisasterManagement (NIDM) has

warned of enhanced riskaround the “ring of fire gar-landing the entire north In-dia, especially the moun-tains”. This was alsohighlighted at a recent meet-ing organised by the Centrein Arunachal Pradesh capi-tal Itanagar where policy-makers from 11 hill stateshad participated and resolv-ed to develop a common

building code for mountains.Speaking to TOI, NIDM

director Santosh Kumar saidthe interconnected platesacross Nepal, Bhutan, Myan-mar and India pose a biggerdanger, and predicted a di-saster of a bigger magnitudethat awaits hill states andparts of Bihar, UP and evenDelhi, which fall under thesecond worst seismic classi-

in magnitude. And if they de-lay, the strain accumulatedduring the centuries pro-vokes more catastrophicmega earthquakes”.

Kumar said the Centre hastaken measures to sensitisethe governments of all hillstates to adopt a commonbuilding code different fromthe rest of India. The Itanagarmeet on sustainable develop-ment of mountain states werepart of Centre’s earthquakerisk mitigation strategy tosensitise policy-makers about“the natural time bomb”.

Stress has increased inthe mountains of northeastsince the Nepal quake. Mon-day’s temblor shows thestress has not been fully re-leased, it has only becomeworse. “The collision be-tween the Himalayan plate inthe north and the Indo-Bur-mese plate in the east, andthe risk created as a result, isthe highest at this moment,”according to NIDM experts.

According to MHA’s ownassessment, the regulatorymechanism in Indian citiesthat prominently figure onthe disaster map are weak,and any disaster in any onewould cause huge casualties.

For the full report, log onto www.timesofindia.com

fication, Zone IV. The North-East and other hill states fallunder severe seismic Zone V.

Though some Indian sci-entists have reservations, butinternational experts, promi-nently Roger Bilham, the Uni-versity of Colorado seismolo-gist, are of the opinion that“the current conditionsmight trigger at least fourearthquakes greater than 8.0

‘Delhi AlsoFalls In The

Danger Zone’

Big quake coming: MHA [email protected]

Pune: December 2015 was thehottest in the country sinceIndia Meteorological Depart-ment (IMD) started record-ing data 114 years ago. This,despite several areas experi-encing cold wave conditionsin the month. In fact, the en-tire period from September toDecember was the hottestsince 1901, officials said.

The mean temperature inDecember was above normalby 1.2°C, the highest-ever riserecorded for this month. D Si-vananda Pai, head of Nation-al Climate Centre, IMD, told

TOI that the past decade hasthrown up five of the hottestDecembers since 1901.

Seeing a pattern in thistrend, Pai said: “El Nino isknown to cause year-to-yeartemperature variation withabove-normal temperatures,but the monthly variationhas to be the combined effectof increasing global warm-ing and urbanisation.”

Arvind Kumar Srivasta-va, director at the Meteoro-logical Centre in Jaipur, saidDecember 2015 saw fewercold wave and fog spells.

“This was because El Ni-no is still continuing. When amajor part of the ocean iswarm, an enormous amountof heat is released into the at-mosphere, increasing theglobal mean temperature,”Srivastava added.

For the full report, log on towww.timesofindia.com

Winter outcold: Dec ’15was India’shottest ever

[email protected]

Chandigarh: In a damningindictment of the Indian Sci-ence Congress, Indian-bornNobel laureate Venkatra-man Ramakrishnan has re-fused to attend the Congressever again.

When asked by TOI onTuesday why he wasn’t at-tending the ongoing annual

Science Congress in Mysu-ru, Venkatraman said, “I at-tended one day (of an earlierCongress) and very little sci-ence was discussed. It was acircus. I find that it’s an orga-nisation where very littlescience is discussed. I will

luded to a claim made by aparticipant at the 2015 Con-gress in Mumbai aboutplanes having been inventedby a sage in the Vedic era.

He said, “The idea thatIndians had airplanes 2,000years ago sounds almost es-sentially impossible to me. Idon’t believe it. The point isthat if that technology wasproduced in a method so described that anybodycould replicate it, then it be-comes science.”

Venkatraman, who wasborn in Tamil Nadu, is astructural biologist at Cambridge University; hewas awarded the Nobel Prizein 2009.

never attend a science con-gress again in my life.” Lastyear, he had objected to poli-tics and religious ideologybeing mixed with science.

Addressing a gatheringat Panjab University earlierin the day, Venkatraman al-

Science congress a circus: Nobel winner

➤ A UN report (GAR 2015) pegs the annual global loss from earthquakes and cyclone damages at $180 billion➤ Globally $71 trillionworth of assets exposed to serious earthquake risk➤ Almost 59% of the landmass in India prone to earthquakes of moderate to very high intensity➤ The DNA of risk management need to change, disaster risk reduction should

be made integral to development initiatives, says NIDM➤ Mountain states can create insurance pool like the one in Turkey for earthquake risk transfer that would help speedier economic rehabilitation➤ Active zone-V which comprises all of Northeast, parts of Bihar, Uttarakhand, Himachal Pradesh, J&K, Gujarat and Andaman & Nicobar Islands,faces highest risk

RING OF FIREThe April 2015 earthquake in Nepal has pushed 2.3% to 3.5% of the country’s

population below poverty lineVery high risk zone-VHigh risk zone-IVModerate risk zone-IIILow risk zone-II

I N D I A

Bay of BENGAL

Andaman & Nicobar IslandsLakshadweep

& Minicoy Islands HEAT IS ON

Warmest Decembers since 1901

YEAR Mean temperature rise above normal

2015 1.2˚C2008 1.1˚C2009 1.04˚C2012 1˚C2006 0.82˚C

Chennai: Income tax offi-cials on Tuesday conductedsearches on 34 premises ofApollo Hospitals — in Chen-nai, Hyderabad and Delhi,among other places — follow-ing complaints of tax evasion

“The IT department visit-ed our hospitals today and weextended our complete coop-eration. We would like to re-assure our patients, share-holders and stakeholdersthat we shall uphold theirtrust and faith in us,” ApolloHospitals said in a statementon Tuesday. TNN

I-T searchesat ApolloHospitals

Will NeverAttend Again:Venkatraman

I attended one day (of an earlier Congress) andvery little science was discussed. I find that it’s anorganisation where very little science is discussed VENKATRAMAN RAMAKRISHNANNobel laureate

donaldshah
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06 Jan 2016