PLUS 12 PAGES MAGAZINE THRISSUR l SUNDAY l SEPTEMBER 08, 2019 l `8.00 l PAGES 28 l CITY EDITION COVER STORY ‘MY GOALS ARE NOT UNREALISTIC’ FINDING HIS ROOTS ONE STITCH AT A TIME Ahead of her upcoming release Dream Girl, actor Nushrat Bharucha talks about carving out her own path in Bollywood. She also comments on her personal life and her search for a dream boy Artist Abhishek Singh presents the heroic story of trees through his mural Vrikshadootam at a Gond exhibition on conservation From drought-ravaged regions of Kutch and poverty stricken Central India to a quaint Himalayan village, embroidery pioneers are breathing life into a lost art THE UNFIT INDIAN EXCLUSIVE VOICES Indians are unfit. Full stop. Now that the Fit India Movement has been kicked off by the prime minister, urgent action is needed at both government and private sector levels to make citizens healthy and productive T J S George Nambi Narayanan ■ Shankkar Aiyar ■ ■ CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI Most Kashmiris support Article 370, says Doval We came very close but we need to cover more ground in the times to come. Learning from today will make us stronger and better. The nation is proud of our space programme and scientists. The best is yet to come. There are new frontiers to discover and new places to go — PM Narendra Modi MODI STEPS IN TO LIFT THE MOOD PM spends time with ISRO scientists, revives their spirits, tells them the country is proud of the space programme and the best is yet come P E A R L M A R I A D ’ S O U Z A @ Bengaluru AFTER a lull through the early hours of Saturday at the ISRO Telemetry, Tracking and Command Network (ISTRAC), following lander Vikram going incommunicado with the ground station, the dawn brought some positivity into the Mission Operations Complex. Prime Minister Narendra Modi spent time with the crestfallen scientists, offering words of encouragement and reviving spirits. Modi hugged a teary K Sivan, ISRO chairman, comforting him. In fact, soon after communication was lost with Vikram, Modi had addressed a few senior scientists, and reassured Sivan of his support. “You are very courageous. I am with you. This is not a small achievement. The country is proud of you,” he had said, patting Sivan on the back. The PM’s interaction put the scientists in the control room at ease. Here, about 500 scientists had worked through many sleepless nights for the success of Chandrayaan, and waited with bated breath as the countdown for Vikram’s touchdown began. They cheered as he recounted the achievements of the organisation and said, “We are full of confidence that when it comes to our space programmes... we will rise to the occasion and scale newer heights. To the scientists, I want to say India is with you.” There was thunderous applause as he also saluted the families of the scientists who have been quietly supporting them. The PM was earlier scheduled to meet the scientists and possibly address the media in case the mission was successful. However, after lander Vikram lost connectivity with the ground station during the final phases of softlanding, the mood in the control room grew tense and sombre. “Your eyes said a lot. I could read the sadness on your faces,” said Modi, trying to boost the morale of the scientists. “I have lived those moments with you when the communication went out and all were shaken... Even after that, some showed signs of optimism because the efforts that went into it. That is because of the utmost care that each one has put into the mission,” he added. He urged the scientists to cover more ground in future, and patted their backs for the MOM mission, launch of 100 satellites simultaneously, and considered Chandrayaan-2 just a blip, compared to ISRO’s success stories. As of Saturday officials are yet , to declare the status of the lander Vikram and rover Pragyan, which is located within Vikram. P6,8,9 There is no need to term the mission a failure. We have achieved everything other than the soft landing. The orbiter is still there In these difficult times, CNES and France stand with ISRO and India. Space is very difficult. India is a great space power. The journey continues We should not be too discouraged. India was trying to do something very, very difficult. This would be very helpful for follow on missions Nambi Narayanan, former ISRO scientist Jean-Yves Le Gall, president of CNES, French space agency Jerry Linenger, former NASA astronaut We are proud of India and its scientists today. Knowing Prime Minister Narendra Modi, I have no doubt he and his ISRO team will make it happen one day Lotay Tshering, Bhutan PM E X P R E S S N E W S S E R V I C E @ New Delhi PM Narendra Modi consoles ISRO Chairman K Sivan as the latter got emotional WILL FUTURE MISSIONS BE HIT? Experts say that ISRO’s manned Gaganyaan mission may get a bit affected along with plans to land on other planetary bodies. But orbiter missions such as Aditya (to sun) won’t be hit 40% OF MISSIONS TO MOON HAVE FAILED The success rate of global lunar missions has been around 40% over the last six decades, according to America’s NASA. In fact, the US tasted success in its lunar missions only on the 12th attempt LONGER LIFE FOR ORBITER, SAYS ISRO “The precise launch & mission management” has ensured a long life of almost 7 years instead of the planned 1 year” for the orbiter, ISRO has said. Many new technologies such as Vikram’s variable thrust propulsion were successful, its statement added TESTS NOT ELABORATE? What happened to silent Vikram S V K R I S H N A C H A I TA N YA @ Chennai VIKRAM, the Chandrayaan-2 mission lander, tumbled and crashed on the lunar surface, which resulted in the snapping of communication links with the orbiter, confirmed ISRO sources to TNIE even as the space agency said through Saturday that it was analysing the data. Sources said Vikram’s antennas have a beam width of 180°, which means they can stay connected with the orbiter only if the antennas angular maneuver is within 180°. “If the lander starts to tumble and when antennas face the lunar surface, the communication link is lost. It’s like losing your DTH connection when the antenna on your terrace is pushed by a bird or wind. Here the situation is far more grave as Vikram was tumbling. The rotation was so high that Vikram along with Pragyan rover crashed,” said an ISRO scientist, who was inside the Mission Control Room, on condition of anonymity . To a query on why Vikram tumbled, sources said there could be multiple reasons, including design failure. They even said the lander was not put through elaborate tests. “The tests were conducted using a crane manually, instead of testing it in a free-fall condition with a balloon in autonomous mode. Only the last 60 m descent was tested. A spare lander should have been used to drop it from an aircraft and see if all the parameters were met. This would have given a more realistic picture,” sources said. Soft landing was always a challenge. However, the 1,471-kg Vikram completed its rough braking phase as envisaged bringing smiles, but little after the commencement of the fine braking phase and just before the hover phase was set to begin, Vikram was seen drifting away from the designated descent trajectory on the telemetry screen. EASING of restrictions from all parts of Jammu & Kashmir will depend on how Pakistan behaves as they are hell bent on creating trouble in J&K, National Security Advisor Ajit Doval said on Saturday Doval as. serted that restrictions in Kashmir are aimed at preventing Pakistan from creating more mischief through proxies and terrorists. “We will not allow people to become victims of Pakistan’s machinations and its bullets sent across the border. We will do everything in power to protect the people,” he said. He noted restrictions have been eased progressively and only 10 of the , 199 police districts in Kashmir, Jammu and Laddakh still have prohibitory orders. Land-line phones have ‘TERRORISTS been restored fully in all three areas. ON THE Doval justified the restrictions im- PROWL’ posed on mobile phone and Internet Doval said some services, saying they can easily be 230 terrorists used by Pakistan and terrorists for were recorded in subversive activities, but the denial PoK, some of of these services should not prevent whom have people from going about their lives. sneaked across “Even before Internet came into the border to our lives, people were going about create trouble, their lives doing business,” he said, which includes while acknowledging that people are intimidating unhappy with these restrictions. traders and The NSA said that he is “fully con- local populace vinced” that a majority of Kashmiris to prevent them support the abrogation of Article 370 from going as it was not a special status but a spe- about their cial discrimination. “With its abroga- business tion we have brought Kashmiris on par with Indians,” Doval said during an interaction with journalists. On the alleged human rights abuses by the Army, Doval said only the local police and paramilitary forces are deployed to maintain law and order. So, there is no question of atrocities by the Army he clarified. , India slams Pak over its refusal to allow Kovind to use airspace E X P R E S S N E W S S E R V I C E @ New Delhi AFTER Pakistan on Saturday refused India’s request to allow President Ram Nath Kovind to use its airspace, New Delhi criticised Islamabad and said it should recognise the futility of such unilateral actions. The President is set to embark on a visit to Iceland, Switzerland and Slovenia from Monday. “We regret the decision of the government of Pakistan to deny overflight clearance for the VVIP special flight which is otherwise granted routinely by any normal country MEA ,” spokesperson Raveesh Kumar said. Some Pakistani ministers have asked their government to stop flights from India from using their airspace after the Article 370 decision, but there is no blanket ban till now. EXPRESS READ Bypoll: ‘Pineapple’ symbol for UDF candidate PSC fraud: Two accused surrender before court Two nurses suspended for unethical behaviour L7 cr sanctioned for repair of roads in Kochi Task force to devise L100L cr infra spending Kottayam: UDF candidate Jose Tom Pulikkunnel will contest the byelection to the Pala assembly segment on ‘pineapple’ symbol. Jose expressed satisfaction in the Election Commission’s decision to award him the ‘pineapple’ symbol, stating it is the symbol of farmers | P6 T’Puram: P P Pranav and Safeer, two accused in the PSC exam fraud, surrendered before the Chief Judicial Magistrate court here on Saturday. They were remanded to judicial custody till September 20. The Crime Branch has sought the court’s nod to subject all the accused to polygraph test | P4 T’Puram: Two male nurses of the Thiruvananthapuram Government Medical College, who were suspected of defrauding patients for some time, were finally caught red-handed. The nurses, R Shameer and Bipin S Lal, were on Saturday suspended pending inquiry for cheating patients | P6 Kochi: Following the inspection of Kundannoor service road renovation and several other Kochi roads which are in a dilapidated condition, Public Works Minister G Sudhakaran on Saturday announced D7 crore for the renovation of roads in the city and its suburbs. New Delhi: The government on Saturday said it has constituted a high-level task force to identify infrastructure projects for D100 lakh crore investment by 2024-25. The task force will be headed by the economic affairs secretary and will also have the NITI Aayog CEO. Are trade unions which held sway during the 1970s and 80s back to their old ways of haunting businesses in Kerala? Or strike at Muthoot Finance is just the odd one? Express weighs in. | P2 Trivandrum Golf Club State wants Tvm Golf Club back from SAI A R U N L A K S H M A N @ T’Puram UNHAPPY over the management of the Trivandrum Golf Club by the Sports Authority of India (SAI), the state government has approached the Centre for taking over the iconic establishment. The 9-hole golf club, spread across 25.38 acres, was built by the late Maharaja Sree Moolam Tirunal of the erstwhile kingdom of Travancore in 1850. The club was leased out to SAI in 2017 with infrastructure for transforming it into a national academy for the promotion of golfbased tourism. SAI had submitted a detailed project report, which was approved by the Union Ministry of Tourism. Also, an amount of `24.69 crore was sanctioned in this regard in 2017. The Ministry had also allotted 50 per cent of the fund. Now, Chief Secretary of Kerala Tom Jose has shot off a letter to Radhey Shyam Julaniya, Secretary, Ministry of Sports and Youth Affairs, stating that Trivandrum Golf Club is not functioning properly and that the state government wants the lease agreement to be cancelled. In the letter, the Chief Secretary said the SAI representative in Thiruvananthapuram - principal of Lakshmibai National College for Physical Education (LNCPE) G Kishore - was not taking an active interest in developing the golf tourism circuit. Jose said the LNCPE principal, even after several representations from the Golf Club members, was reluctant to spend the money lying idle. “I stand by the letter which I have written to the Secretary, Ministry of Sports and Youth affairs. The state gover nment wants the lease agreement cancelled and the amount of `24.69 crore allotted by the Ministry of Tourism to be transferred to Secretary Tourism/Secretary Sports, Government of Kerala, for promotion of golf tourism in the state,” Jose told Ex● More on P6 press. BIG BANK THEORY Why public sector banks will continue to bleed the exchequer even after mega merger S U N I T H A N AT T I @ Hyderabad SOON after announcing the historic bank mergers last month, the government handed a `60,000 cr bill to taxpayers. That’s the sum state-run lenders (and IDBI Bank) are charging us this quarter to make up for their collective inability to shore up equity capital. This fiscal act is boringly called bank recapitalisation. Ideally the hodgepodge of 10 , public sector banks (PSBs) into four should reduce the burden of socialising future losses, but Finance Minister Nir mala Sitharaman promised to rescue lenders anytime with more free money. For taxpayers, there’s no such luck as similar such bills need to picked up later. By merging the banks, the government wants us to believe that the souped-up banks will lead us to the $5-trillion economy, but here’s the thing: the move, experts warn, is wrong at every turn. “Asset quality and profitability will remain broadly unchanged after consolidation. PSBs already score poorly on these two factors, and there’s no reason to assume that the merged entities will make significant improvements in these metrics,” said Srikanth Vadlamani, Vice President and Senior Credit Of ficer at Moody’s. Vikas Jain, Senior Research Analyst at Reliance Securities, believes it’ll take long time for better economics of scale to materialise and that integration won’t be without initial profitability pain. That stands true for multiple reasons. For one, compulsive mergers are guaranteed disappointments. We’ve Oriental Bank of Commerce-Global Trust Bank and Punjab National Bank-New Bank of India alliances as living proof. Two, integration takes time, during which period credit growth declines. The merger of SBI associate banks with the parent bank and the Bank of Baroda-VijayaDena Bank merger are recent test cases. “Consolidation would limit downsides to stressed PSB balance sheets and not lead to any meaningful upside for credit growth in near-term. For any long-ter m uptick in credit growth, we will need to wait for emerging synergies on costs, processes, geographical presence and customers. As of now, we believe synergies could take 3-5 years to realise against 2-3 years for private players, typically said Avneesh Sukh,” ija of BNP Paribas. Three, committee after committee suggested two things: Closure of weaker banks, and privatisation. If the Narasimhan committee in 1998 proposed three to four large banks with minions, besides suggesting shutting down of weaklings instead of merging them with strong banks, the P J Nayak committee in 2014 recommended outright privatisation. Such a move eliminates public sector banks’ addiction to government handouts every time they mess up. This dependency on taxpayer funds, in everyday personal finance jargon, is like you blowing up earnings on fancy cars, and expensive Micheline-star lunches only to approach your obliging father to cover your bills out of the family piggy bank. Because PSBs have an implicit sovereign guarantee ensuring safety of deposits, perpetual capital infusion is stripping our coffers bare. Since 2015, we have pumped `3 lakh crore in PSBs, which gave dismal returns. Will mergers end the constant flow of funds to banks? There are no easy answers. CONTINUED ON: P13
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