Leisure, Lifestyle & Wellness
Indian science needs a paradigm shift

People can be taken for a ride easily in the name of science. Anything can be sold if it is labelled as scientific. The idea is to make the erstwhile colonies remain subservient to the western thinking. Will our leaders bring in the change or would they still prefer the status quo which is quite lucrative business for them too?

“Fight for what you believe in, for if you don’t you will be forever fighting against yourself”—
Keisha Keenleyside
 

Indian science, including medical science, needs a complete paradigm shift. We have been deluded by the colonial science for too long to realise that we are being taken for a ride. The king of sciences, western physics, is now coming closer to Indian Sankya wisdom. The latest finding that matter and energy are but the two faces of the same coin in quantum physics, is nothing but the ancient concept of advaita. Unfortunately, even our own people mistake advaita as just a religious thought.  Hans Peter Durr's adualtiy is nothing but the advaita concept of our ancient wisdom.

Western science-based technology might appear to have made our life easier with communication, travel, and in many other areas. Therefore life superficially looks much more comfortable now. What we miss out are the side-effects of all those technological advances. Many of them make life miserable at a later date. Cell phone is an example. Already there is an epidemic of acoustic neurinoma, a tumour of the eighth nerve. People have lost the exercise habit thanks to many of the gadgets that have makes life monotonous and boring in addition to people becoming couch potatoes. Sitting jobs like IT sweat shops have led to increased heart diseases as sitting in one place for prolonged periods of time makes the heart function less and get prone to many ailments. Personal social contacts have become rarer since the advent of communication facilities like telephones, SMSs, and many other facilities leading to depression and many other social illnesses. Healthy large families of the past have all but disappeared to the detriment of the future generation's well-being.

Pesticides and fertilisers have ruined human health. A recent study of cord blood of a new-born in the US showed more than two hundred such chemicals. The earth has lost its normal habitat of earthworms and many other species which were making the earth fertile and allowing it to breathe oxygen. Now the chemicals have destroyed all the eco systems of the earth. In a few more years from now this earth could be totally worthless. Dangerous chemicals in soaps, detergents, lotions and cosmetics have resulted in multiple human ailments. To give one example, triclosan, a deadly chemical used in cosmetics, was found in breast milk. The pro-oestrogens in lipsticks have increased the breast size which is a prelude to breast cancer.

Large-scale deforestation, polluting the rivers with deadly chemicals, nuclear damage from decaying material and leaky nuclear reactors pose a threat to human life all over the globe. Advertisements, most of which are false, have made people want to buy things that they do not really need at the time. It creates an artificial need and economic ruination of the poorer nations to fill the coffers of the richer nations. Kenneth Galbraith in his classic, Affluent Society, written in 1956, showed how this system operates! Monetary economy is one of the leading causes of human ills. The “I-owe-you” economy of the west is percolating down to our thrifty economy of the Indian past where people bought things only when they really needed them.
 

The pseudo scientific temper makes people absolutists which is not good in the long run. Multivists and critical thinkers are hard to come by. Therefore, people can be taken for a ride easily in the name of science. Poor people get excited about the word ‘science’. Anything can be sold if it is labelled as scientific. Faking science research, especially in the statistical medical science base, has become the rule rather than exception. Science is not sacrosanct; it is only one of the many routes to human wisdom, certainly not the only one. The idea is to make the erstwhile colonies remain subservient to the western thinking. Even in the free democracies, western ideas and thought are better respected than their own innate native wisdom to the detriment of society in general and the literate segment of it in particular.

Modern western medical business can not thrive only in the west as the populations there are shrinking fast. They have to sell their goods in the less developed, thickly populated countries. One of the reasons why they push western science in those poor countries is to make a good business for themselves. The nuclear reactors, multiple scientific techniques, medical devices, pharmaceutical drugs and vaccines can only thrive in the third world countries. It is also easy to influence the leaders of those nascent democracies as most, if not all, of them are corrupt. Democracy, admitted Winston Churchill, was one of the worst forms of government but he felt that there was no better system at that time. Today those democracies have become true banana republics.

 

“Corrupt pay-offs to foreign officials in order to secure lucrative contracts creates an inherently uneven marketplace and puts honest companies at a disadvantage,” said James McJunkin of the FBI’s Washington field office, in a statement some time ago when some of the giants of US drug companies were under the scanner. In China, for instance, large US drug giant officials rewarded government physicians who prescribed large amounts of the company’s medications by inviting them to meetings and conferences with “extensive entertainment activities”. In Croatia, government doctors were given a portion of the proceeds from company's sales of drugs to the doctors' own institutions.

In Bulgaria, local representatives shelled out $28,000 to invite government doctors on so-called “incentive trips” to Greece, as a way to reward those of them who were the biggest prescribers of their products. They also paid $17,000 to send doctors to medical conferences, once again, in exchange of prescribing their drugs. The case against this drug giant came as the US government probed other drug makers, including Teva Pharmaceutical Industries, AstraZeneca Plc, Bristol-Myers Squibb Co and GlaxoSmithKline Plc for possibly violating an overseas anti-bribery law barring employees or those acting on their behalf from paying bribes to officials of foreign governments to either obtain or retain business.

 

“These improper payments were variously made to influence regulatory and formulary approvals, purchase decisions, prescription decisions, and to clear customs. The above mentioned drug makers are not alone in the business of bribery. Retail giant Wal-Mart was in the spotlight earlier following a New York Times report that said the company paid out $24 million with bribes in Mexico as a way of streamlining construction projects.
 

Science is also used to keep the third world poor. Perpetuating poverty is the best insurance against continued exploitation of the poor masses that end up paying for their poverty with their lives! The moon mission in India is an example. While more than 67 million malnourished children were dying by thousands daily for want of nutritious food, we were hell-bent on a moon mission which ate up nearly 1,00,000 crore rupees of the taxpayers’ money. Of course, this amount comes back to many in the game. The government is advised by the western brainwashed scientists who have no touch with reality. They are only bothered about the nano problems of the world while the Giga problems like hunger, illness, illiteracy and ignorance are staring at our face!

Medical claptrap brain washes the medical profession that the western medicine is the best that there is and all other systems are unscientific. This myth was also created by the vested interests to sell their wares in the name of science. Corruption is rampant both in conventional sciences and in medical science, in fact, wherever there is money involved corruption has taken root. In fact, serious studies have shown that the western modern medicine has become the leading cause of death even in the USA. Such studies do not get read by the powers that be and their cronies. The bosses go by the advice of their western masters. Cancer treatment, one of the most expensive industries, is being worshipped by our doctors while the whole truth is that there have been concerted efforts in the past to suppress all good alternate methods of cancer management to sell these deadly reductionist chemicals, mutilative surgery and radiation. A recent study showed that nearly 90% of cancer surgery could be avoided without changing the final outcome!

Real science has changed completely as suggested above and that makes human health and illness get a new meaning. Human body is but an illusion of the human mind. All illnesses are in the mind and their management needs to cater to the mind first with change of lifestyle and a good diet. Medical treatment would then become reachable to the poor as well. Will our leaders listen to this sane advice and bring in the change or would they still prefer the status quo which is quite lucrative business for them too?

 

 “If you try and take a cat apart to see how it works, the first thing you have on your hands is a non-working cat”—Douglas Adams

 

To read more articles from the same writer, click here.

(Professor Dr BM Hegde, a Padma Bhushan awardee in 2010, is an MD, PhD, FRCP (London, Edinburgh, Glasgow & Dublin), FACC and FAMS. He is also Editor-in-Chief of the Journal of the Science of Healing Outcomes, Chairman of the State Health Society's Expert Committee, Govt of Bihar, Patna. He is former Vice Chancellor of Manipal University at Mangalore and former professor for Cardiology of the Middlesex Hospital Medical School, University of London.)

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COMMENTS

Ankur Bhatnagar

4 years ago

The biggest problem is not science but corruption. I am sorry but the author, in spite of his best intentions doesn't seem to be recommending anything clearly. If at all, he seems recommending going back to the Stone Age.

Sir, are you suggesting that we should believe in matter-energy equivalence because it is written in some old book, not because we can model it in theory and test it practically (Western physics)?

Third world (at least India) is poor not because of Western science but because of our corrupt leaders.

BSE Sensex, Nifty uptrend still not broken: Monday Closing Report

Watch out for a close below today's low for the first sign of weakness

 
The market settled flat amid a choppy and range-bound session on new worries from Europe and the absence of any domestic triggers. Today the Nifty moved in a narrow range of 5,888 and 5,920 and ended flat. For the first time in the past 10 trading days (including today) the index made both a lower high and lower low. A close below today’s low would indicate the first sign of weakness. The National Stock Exchange (NSE) saw a volume of 68.83 crore shares and an advance-decline ratio of 913:884.
 
The market opened with minor gains supported by the Asian markets which were mostly higher in morning trade on positive economic data from China. Hopes of rate cut by the Reserve Bank of India (RBI), in its policy review due on 18th December, also aided the upmove.
 
The Nifty opened nine points up at 5,916 and the Sensex started the week at 19,442, a gain of 18 points over its previous close. Profit booking, amid choppy trade, soon pulled the indices into the negative.
 
However, buying in select stocks led the market into the green and to its intraday high around 10.30am. At the highs, the Nifty crawled to 5,920 and the Sensex touched 19,478. But continued volatility and selling pressure kept a cap on the gains.
 
The market dipped into the red in noon trade on selling in oil & gas, consumer durables and technology stocks. A lower opening of the key European indices weighed on investor sentiment in the post-noon session. The losses saw the indices dropping to their lows at around 2.00pm wherein the Nifty touched 5,888 and the Sensex fell to 19,362.
 
The benchmarks continued to witness lacklustre trade in the remaining part of the trading session in the absence of any domestic triggers. 
 
The market witnessed a flat close with a mixed bias with the Nifty adding 2 points at 5,909 and the Sensex slipping 14 points to settle at 19,410.
 
The broader indices outperformed the Sensex as the BSE Mid-cap index gained 0.65% and the BSE Small-cap index rose 0.32%.
 
The top sectoral gainers were BSE Realty (up 1.10%; BSE Healthcare (up 0.89%); BSE Bankex (up 0.31%); BSE Fast Moving Consumer Goods (up 0.24%) and BSE PSU (up 0.19%). The main losers were BSE Consumer Durables (down 1.52%); BSE TECk (down 0.90%); BSE IT (down 0.89%); BSE Oil & Gas (down 0.72%) and BSE Capital Goods (down 0.33%).
 
Thirteen of the 30 stocks on the Sensex closed in the positive. The chief gainers were HDFC (up 3.15%); Dr Reddy’s Laboratories (up 2.51%); Cipla (up 1.73%); Tata Steel (up 1.35%) and Sun Pharmaceutical Industries (up 1.10%). The key losers were TCS (down 2.50%); NTPC (down 1.91%); Bharti Airtel (down 1.46%); Maruti Suzuki (down 1.13%) and Mahindra & Mahindra (down 0.90%).
 
The top two A Group gainers on the BSE were—Mahindra & Mahindra Financial Services (up 5.66%) and Oriental Bank of Commerce (up 5.33%). 
The top two A Group losers on the BSE were—Pantaloon Retail India (down 5.12%) and Titan Industries (down 3.56%).
 
The top two B Group gainers on the BSE were—Radaan Mediaworks India (up 20%) and Revathi Equipment (up 19.99%).
The top two B Group losers on the BSE were—Ashika Credit Capital (down 15.51%) and Elantas Beck India (down 12.13%).
 
Out of the 50 stocks listed on the Nifty, 23 stocks settled in the positive. The major gainers were Bank of Baroda (up 4.11%); HDFC (up 3.71%); Dr Reddy’s Labs (up 3.02%); Punjab National Bank (up 2.35%) and Reliance Infrastructure (up 2.04%). The main losers were TCS (down 1.99%); Cairn India (down 1.88%); NTPC (down0.185%); Bharti Airtel (down 1.52%) and IDFC (down 1.45%).
 
Markets in Asia closed mostly higher on optimism of a recovery in the global economy on the back of positive data from China and the US. Chinese exports surged 2.9% in November from a year earlier compared with an 11.6% increase in October. Industrial production climbed 10.1% y-o-y in November from and retail sales growth accelerated to 14.9%, while inflation was 2%. This apart, as per the US non-farm payrolls report, the employers added 146,000 new jobs last month while the unemployment rate dropped to 7.7%, its lowest level since December 2008.
 
The Shanghai Composite surged 1.07%; the Hang Seng gained 0.39%; the Jakarta Composite rose 0.28%; the KLSE Composite climbed 0.89%; the Nikkei 225 added 0.07% and the Straits Times settled 0.23% higher. The Taiwan Weighted lost 0.43% and the Seoul Composite ended flat with a loss of 0.03 points.
 
At the time of writing, the key European indices were trading down between 0.31% and 0.75% and the US stock futures were in the negative, indicating a negative opening for the US markets.
 
Back home, foreign institutional investors were net buyers of stocks totalling Rs648.05 crore on Friday while domestic institutional investors were net sellers of shares amounting to Rs798.48 crore.
 
Engineering, procurement and construction major KEC International, an RPG Group company, today said it has secured orders worth Rs612 crore in last one month from various customers across the world. The orders comprise various business segments, including transmission, power systems, cables and water businesses. The stock declined 0.53% to close at Rs65.60 on the NSE.
 
Public sector defence major Bharat Electronics on Monday said the company has signed a Memorandum of Understanding (MoU) with Israel Aerospace Industries. According to the MoU, both the partners will work together on the future of Long Range Surface to Air Missile (LR-SAM) ship defence system projects. BEL gained 0.32% to settle at Rs1,200 on the NSE.
 
Diversified global conglomerate Punj Lloyd Group today said it has bagged a contract worth Rs 528 crore in Singapore to construct a new prison headquarter. The project is expected to be completed over a period of 24 months. When completed, the headquarters will provide office facilities, a multi-purpose hall, club house and an auditorium. The stock climbed 1.58% to close at Rs61.15 on the NSE.

 

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Can the rally in the stock market be sustained?

Foreign inflows have pushed the market up by 25%. However, there is no evidence of investment picking up any time soon, according to the latest Espirito Santo Securities report

Foreign institutional investors have been betting their money on Indian equities, pushing up BSE benchmark Sensex by about 25% for CY2012, on the back of a slew of economic reforms initiated by government. The reform measures by the Indian government have been rewarded by foreign portfolio flows of $20.51 billion this year. “A 25% jump in the Sensex clearly needs more than stabilization at anaemic levels for the rally to be sustained and built on. Given an increasingly stretched consumer and a government under fiscal pressure, all bets are on a turn in the investment cycle”, says the latest report from Espirito Santo Securities.
 

This has been the second highest net inflow by foreign institutional investors (FIIs) in a single calendar year. In 2010, overseas investors had made net investments of about $29 billion. FIIs, a major participant in the Indian stock market, had pulled out $ 358 million in 2011. In the last five months (July 2012-November 2012) FIIs have put in $11 billion whereas domestic institutional investors have withdrawn $5 billion. But has the incessant buying by FIIs led to equities being overbought?
 

Whether the current momentum can be sustained is dependent on whether there will be rate cuts in January, and that the recent policy frenzy and focus on PMO project clearances will mean fresh investment and announcements of new projects. However, the research firm, Espirito Santo Securities, does not expect the investment turning anytime soon. “The fall in new project announcements have picked up pace again, and there is weakness across sectors, in particular power which has seen a rise in shelved and stalled projects. Falling interest rates clearly help, but more concrete measures from government are also needed,” they mention in the report. Also, implementing the National Investment Board (NIB) is important, as it should speed up stalled projects above Rs10 billion in roads, mining, power, petroleum, natural gas, ports and railways, through improving inter-ministerial coordination and some centralization of project approvals, the report mentions.
 

As far as GDP growth is concerned the research firm does not have high expectations. “While broad indicators suggest stabilization at current low levels, we do not expect a sharp rebound in GDP. We keep our GDP forecast at 5.6% y-o-y (year on year) in FY2013 and expect the RBI (Reserve Bank of India) to cut the Repo rate in January 2013,” says the report. Inflation for the month of October eased slightly to 7.45%, much lower than consensus estimates, core WPI inflation decelerated to 5.2% in October from 5.6% in September. Food inflation declined to an eight-month low at 7.7%. On the back of easing inflation and sluggish growth, the firm expects that RBI would cut rates by 50-75 basis points in 4QFY13E.
 

Leading brokerage firm Goldman Sachs sees growth picking up gradually to 6.5% in 2013 and further to 7.2% in 2014. On the other hand, Credit Suisse holds a negative stance cutting its FY13 growth estimate to 5.9% from 6% citing the delay by the RBI in cutting rates to support growth.
 

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