Stocks
Model Long Term Portfolio

We aim to invest in a maximum of 50 stocks, benchmarked to Nifty

 

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Guwahati, Srinagar at highest earthquake risk

Guwahati and Srinagar fall in what is called “very severe intensity zone”, or zone V, the highest-risk earthquake zone

 

Guwahati and Srinagar are the two Indian cities at highest risk of being devastated by an earthquake, with 36 other cities in areas prone to earthquakes, according to government data.
 
Guwahati and Srinagar fall in what is called “very severe intensity zone”, or zone V, the highest-risk earthquake zone.
 
Eight cities, including Delhi, fall in the “severe intensity zone” or zone IV, according to a seismic zoning map issued by the Bureau of Indian Standards and quoted in a National Disaster Management (NDM) report. The other 30 cities fall in the “moderate intensity zone”, or zone III.
 
“India has highly populous cities, including the national capital of New Delhi, located in zones of high seismic risk,” said the report. “Typically, the majority of the constructions in these cities are not earthquake resistant. Thus any earthquake striking in one of these cities would turn into a major disaster.”
 
A reminder of India’s vulnerability
 
The Nepal earthquake, which has claimed more than 4,000 lives, and the NDM data are a reminder of India’s vulnerability.
 
IndiaSpend recently reported that nearly 60 percent of the sub-continental landmass is vulnerable to earthquakes.
 
About 50 million years ago, India — then an island that had previously broken off from a supercontinent called Gondwana, a name still used for what is now Chhattisgarh — slammed into the Eurasian mainland, creating the Himalayas as it collided.
 
All land on earth rides on “plates”, which glide on the mantle, a rocky inner layer. The Indian plate continues to grind into the Eurasian plate, and as it does, the Himalayas and north India are on shaky ground.
 
India pushes northeast into Asia at roughly 5 cm every year, causing subterranean stresses that are released in the form of earthquakes every now and then.
 
Vulnerable zones are monitored, but prediction is impossible
 
An array of sensors in India and abroad monitor plate activity, but it is impossible to predict an earthquake, as many tweets and Whatsapp messages after the Nepal temblor appeared to indicate
 
What is available is data on areas of specific vulnerability.
 
Gujarat and Uttar Pradesh appear to be the most vulnerable states, with six cities each in earthquake-prone zones. Both the states have one city each under zone IV and five cities marked under zone III. Maharashtra is next with four cities in zone III.
 
The Bureau of Indian Standards (IS-1893 – part – 1: 2002), based on scientific inputs from a number of agencies, including earthquake data supplied by Indian Meteorological Department (IMD), has grouped India into four seismic zones, II, III, IV and V.
 
The Modified Mercalli (MM) intensity scale, which measures the impact of earthquakes on the surface of the earth, is broadly associated with India’s earthquake zones.
 
India has 42 digital seismograph stations to measure earthquake magnitude and monitor earthquake activity, operated by the Ministry of Earth Sciences. As many as 78 new digital seismographs are likely to be installed during 2015-16.

User

60,000 Indians could benefit from Oman's amnesty

The Oman government announced the scheme on Monday and said it will run from May 3 to July 30

 

Around 60,000 Indians may benefit from an amnesty scheme announced in Oman, under which people without valid documents could either return to their country without being penalised or can rectify their papers, said a diaspora expert.
 
The Oman government announced the scheme on Monday and said it will run from May 3 to July 30.
 
S Irudayarajan, who heads the migration cell at the Centre for Development Studies, told IANS that Oman has an estimated 400,000 Indians, among them 1.89 lakh Keralites.
 
"Of the 400,000 Indians in Oman, around 15 percent would be without legal documents. This is the best time for all those who do not have proper documents to either rectify that or return home," said Irudayarajan.
 
He said according to informed sources, a similar scheme might be announced in Bahrain in two months' time.
 
"We have made numerous requests to the authorities that there should be a pre-departure training for Indians who decide to take up jobs in the Middle East countries," said Irudayarajan.
 
He said most of the people who do not have valid documents are labourers who pay around Rs.1 lakh to get a work visa to work.
 
"At times, some people are unlucky as they do not get the job and the salary they were promised, and then trouble starts for them. After the completion of their contract term which could be two or three years, they skulk from the employer and then they work illegally and end up without having any documents for a legal stay," said Irudayarajan.
 
The most recent study conducted by K.C. Zachariah and Irudayarajan reveals that the number of Kerala emigrants as in 2014 was 23.63 lakh. Nearly 90 percent of the Kerala diaspora is in various Middle East countries.
 
During the 12-month period ending March 1, 2014, the total remittances to Kerala stood at Rs.72,680 crore.
 
Remittances were 1.2 times the revenue receipt of the state and 4.9 times the money that the state got from the central government.
 
Kerala Minister for Diaspora KC Joseph told IANS that he learnt about the amnesty scheme and will get it touch with various Kerala based organisations to help those people who wish to return.
 
"If required, I will make a visit to Oman. All those who wish to return would be asked to return. The purpose of my visit would be to open a dialogue with the Omani authorities to see that they help people who wish to remain there by rectifying their documents," said Joseph.
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)