The measures are part of six recommendations made by four separate task forces set up by the country's nuclear plant operator NPCIL to study the capability of handling extended power loss scenario witnessed during Japan's nuclear crisis
New Delhi: India's nuclear plants may soon get some additional safety features, including more provisions to add water to the reactors to deal with over heating of the core, a condition that led to the Fukushima nuclear accident, reports PTI.
The measures are part of six recommendations made by four separate task forces set up by the country's nuclear plant operator Nuclear Power Corporation of India (NPCIL) to study the capability of handling extended power loss scenario witnessed during Japan's nuclear crisis.
"Detailed walk down of all the plants have been conducted by specially constituted teams at sites and preparedness has been ensured," Shreyans Kumar Jain, chairman and managing director of NPCIL said in a statement late last evening.
He said the reports of the task forces were thoroughly reviewed and discussed by experts and the top management at NPCIL.
The studies have indicated that capabilities exist in all Indian nuclear plants to handle severe natural events, Mr Jain said.
However, the task forces have suggested introduction of new technologies to ensure initiation of automatic reactor shutdown on sensing seismic activity.
It has also suggested setting up of an advance tsunami alert mechanism at the Tarapur Atomic Power Station which houses two Boiling Water Reactors, similar to the crippled reactors at the Fukushima-Daiichi plant, which was affected due to a massive tsunami on 11th March.
The task forces also recommended additional shore protection measures at Madras and Tarapur Atomic Power Stations which are located near the sea coast.
The task forces have suggested additional hook up points to bring water to the spent fuel pools at Units 1 and 2 each of Tarapur, Rajasthan and Madras Atomic Plants.
While Units 1and 2 at Tarapur began operations in 1969, RAPS-1, built with Canadian assistance, became the prototype for the country's indigenous Pressurised Heavy Water Reactors (PHWRs).
India completed the RAPS-2 on its own after Canada suspended its assistance following India's 1974 nuclear test.
The two units of MAPS are also an earlier version of the PHWRs design of which was standardised later.
Standardised PHWRs are located at Narora (two units), Kaiga (four units), Kakrapara (two units) and Tarapur (two units). The units at Narora, Kaiga and Kakrapara are of 220MW capacity each, while Tarapur has two 540MW capacity units.
RCom today launched its 3G services in major towns across the state
Shimla: Leading telecom service provider Reliance Communications (RCom) today launched its third generation (3G) services in major towns of Himachal Pradesh, reports PTI.
The services would be offered in Shimla, Solan, Baddi , Nalagarh , Paonta Sahib, Mandi, Kullu, Palampur, Hamirpur, Kangra, Dalhousie, Dharamshala, Maclodganj and Una.
The company announced that the 3G services would be launched in Sundar Nagar and Manali shortly.
RCom is targeting a national footprint of Reliance 3G services through associations with other like-minded, quality 3G licencees and Reliance 3G is now available in all 13 circles in nearly 150 plus towns, a spokesperson of the group said.
The launch of Reliance 3G is an integral part of our Vision 2015 of creating a 'Wirefree Himachal' built on 'affordable 3G services for all' platform, he said.
"Personalisation of services, simplification of tariffs and a content-rich portfolio on the 'Best in Class' 3G Wireless Network will enable Reliance customers to get a much superior 3G service experience, significantly differentiated from others in the marketplace," said Sami Butt, circle head Wireless Business of the company.
Rewards of investing in foreign funds are not worth the risk
HSBC Brazil Equity Fund, a fund of funds (FoF) is coming to the market. According to the prospectus filed with the Securities and Exchange Board of India (SEBI), the Fund will primarily invest in HGIF Brazil Equity Fund, managed by HSBC Global Investment Funds (HGIF), as well as in other overseas mutual fund (MF) schemes benchmarked against the MSCI Brazil 10/40 Index. It may also undertake currency hedging as a shield against volatility in the currency markets. Avoid it. Here are five reasons why it would be better to avoid it.
1. It's a fund of funds: FoF is a lousy idea. It takes your money and puts it into other funds. It adds another layer of cost without adding any benefit.
2. Monitoring: The Fund would be invested in a Brazilian fund investing in Brazilian securities. How much do you know about that fund? It would be a blind bet.
3. Track record: We have no idea about the long-term performance record of the Brazilian equity fund.
4. Diversification: Funds that put your money in other countries presumably offer another round of diversification. Well, in this case, it's not so. Brazilian and Indian markets are correlated. We don't see how you can derive additional returns without adding risk. In fact, the Brazilian market is as volatile as the Indian market. Mistakes by fund managers (that are lurking around the corner) can be very costly.
5. Benchmarks are not available: Most shockingly, you cannot even compare how these funds have performed vis-à-vis a benchmark. Of the 16 funds in which HSBC Brazil Equity Fund says it would invest, benchmarks of eight schemes are not available in the public domain to facilitate a comparison of their performance with respect to the benchmarks.
Those who read Moneylife regularly will know, as we have pointed this out long ago, that funds which take your money and invest in foreign stocks are pure fads. In the very fifth issue of the magazine, way back in 2006 (Moneylife, 7 May 2006), when fund companies launched foreign funds, we wrote: "Fund companies are offering a chance for geographical diversification. There are several reasons why this is not a great idea." In our 40th issue (Moneylife, 13 September 2007), again we wrote: "Offering you funds that invest abroad is the flavour of the season. Stay away from these for now." But, of course, bull markets can keep dubious ideas in circulation for years together. By the time it was the 43rd issue (Moneylife, 25 October 2007), we were forced to write that "International funds are a rage now, but early entrants have a patchy record." Finally, in our 73rd issue (Moneylife, 18 December 2008), we had a report card. An article titled "Global Funds, Local Results" laid bare the truth. We said, "Fund companies may not know much about the value and price of Indian stocks, but they surely don't lack confidence in exhorting you to invest in a fund that invests in foreign stocks. How have these funds done over the past one year? They have all lost tonnes of money."
The faddish nature of the funds comes through clearly. When the commodity markets are shooting up, fund companies will launch commodity-focused equity funds. When the Chinese market is hot, they will launch a China fund. No wonder that in 2007, at the height of the bull market, as many as eight funds were launched that planned to invest overseas. All of them have performed very badly since inception. On an average, they have given returns as low as 0.1%. When they were launched, we had pointed out that these funds were mere gimmicks.