1. Axis Bank acquires Freecharge, appoints Sangram Singh as CEO.
The country`s third largest private sector lender Axis Bank today said it has acquired payments wallet Freecharge for Rs 373 crore in an all-cash deal and appointed Sangram Singh as its CEO.
"Pursuant to the receipt of approval for the said transaction from Reserve Bank of India, the bank has completed the acquisition of Freecharge for a cash consideration of 373.27 crore, on a cash free, debt free basis," Axis Bank said in a regulatory filing to stock exchanges.
Sangram Singh has been appointed as the CEO of Freecharge Payment Technologies Private Ltd, it said.
The bank had in July announced plans to acquire Freecharge subject to receipt of requisite regulatory approvals.
Axis Banks had said the acquisition will double the customer base of the bank and leapfrog its digital journey by multiple years.
Freecharge presently has a revenue of about Rs 80 crore.
Snapdeal had bought Freecharge in April 2015 for an estimated USD 400 million or over Rs 2,500 crore at current rates. At that time, this was touted as the largest deal in the nascent start-up ecosystem in India.
Acquisition gives Axis Bank access to about 52 million mobile wallet holders of Freecharge as well as about 150 to 200 professionals.
2. Today Indian Air Force is celebrating its 85th anniversary at Hindon Air Force base in Uttar Pradesh.
The Indian Air Force (IAF) is celebrating its 85th anniversary at Hindon Air Force base in Uttar Pradesh`s Ghaziabad district on Sunday. A series of scintillating air drills and parade was displayed by the IAF aircrafts. The celebrations were marked by various events and a stellar show in the skies. On this glorious day, the IAF also showcased its might with a display of its vintage, modern and fighter aircrafts. On this day, when the Indian Air Force completed 85 years of dedicated service to the nation, Prime Minister Narendra Modi, who is on a Gujarat visit, took to Twitter to wish the Indian Air Force on the occasion: “On Air Force Day, best wishes to our courageous air warriors & their families. Their determination & prowess ensure that our skies are safe.” The Indian Air Force was officially established on October 8th 1932. On April 1, 1993, its first ac flight came into being.
3. Indias first Marine Police Training Institute to be set up at Dev Bhoomi Dwarka.
Prime Minister Narendra Modi on Saturday announced the setting up of the country’s first “Marine Police Training Institute” at the newly created Dev Bhoomi Dwarka district of Gujarat.
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Modi who arrived on a two-day tour of Gujarat, visited Dwarkadish temple at Dwarka and offered prayers. Later addressing a large gathering at a cricket ground in the temple town, Modi said, “The country’s first and biggest institute that will be train marine police from across the country will be set up at Dev Bhoomi Dwarka. It will be set up near Modak.”
“For the security of our coasts we are working to modernise our marine police force. The training will be different compared to the training to the police force, because they will be connected to providing security within 5 kilometers boundary along the coastline,” he added.
The PM said that the institute will train marine police force the way IAF (Indian Air Force) trains its pilots at Jamnagar. Earlier PM Modi pressed a remote and laid the foundation stones of four National Highway project costing Rs 5825 crore.
4. PM Narendra Modi inaugurate highway projects worth Rs.5,925 crore in Gujarat.
Prime Minister Narendra Modi will lay the foundation stone of national highways projects worth Rs 5,825 crore in Gujarat tomorrow, the road, highways and transport ministry said today.
Union Transport Minister Nitin Gadkari and Minister of State for Road Transport & Highways, shipping and chemicals & fertiliser Mansukh L Mandavia will accompany the prime minister, the ministry said in a statement.
Modi will lay the foundation for the construction of Rs 962 crore Cable Stayed Signature Bridge between Beyt Dwarka and Okha on NH-51, the ministry said.
"The other projects for which foundation will be laid include 4 laning of 116.24 km of Porbandar-Dwarka section of NH-51 at a cost of Rs 1,600 crore, 2/4 laning of 93.56 km of Gadu-Porbandar section of NH-51 at a cost of Rs 370 crore and 6 laning of 201.31 km Ahmedabad-Rajkot section of NH-47 and NH-27 at a cost of Rs 2,893 crore," the statement added.
5. Around 54,000 petrol pumps across India to remain shut on October 13.
United Petroleum Front (UPF) on Saturday announced nationwide strike of dealers on October 13 to press for various demands including better margins and inclusion of petroleum products in the Goods and Services Tax.
It warned that if the demands were not met at the earliest, fuel dealers will be forced to stop, indefinitely, purchase and sale operations from October 27.
UPF represents over 54,000 dealers from the Federation of All-India Petroleum Traders, the All-India Petroleum Dealers Association and the Consortium of Indian Petroleum Dealers.
The strike is to press for long-pending demands ignored by the state-run oil marketing companies (OMCs) since an agreement was signed last November, it said.
The demands include upward revision of the dealer margins every six months, better terms for return on investment, resolution of manpower issues, a fresh study of handling losses, and resolution of issues related to transportation and ethanol blending.
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The front alleged that the letters which it wrote to oil marketing companies as well as a letter from the Cabinet Secretariat dated June 28, did not elicit positive response.
Dealers also want the government to bring petrol and diesel under the GST regime.
They are also upset with the marketing discipline guidelines announced by OMCs, which seek to penalise dealers for shortcomings up to Rs 2 lakh under a zero tolerance policy towards shortchanging of customers.
Fuel dealers are also opposed to the daily price mechanism introduced from July 1, saying it has benefited neither the consumers nor the dealers.
They are also against, citing safety concerns, a proposal of the government to allow home delivery of oil products.
6. Prime Minister Narendra Modi launches `Intensified Mission Indradhanush.
Prime Minister Narendra Modi on Sunday launched the Intensified Mission Indradhanush (IMI) that aims to reach every child under two years of age and pregnant women who have been left uncovered under the government’s routine immunisation programme against preventable diseases.
The special drive will focus on select districts and cities to ensure full immunization to more than 90% of children and pregnant women by December 2018. The target of at least 90% coverage was to have been achieved by 2020. With the launch of IMI, the date has now been advanced.
“The government has made immunization a people’s and a social movement,” Modi said while launching IMI in Vadnagar, Gujarat.
With a sharpened focus on high priority districts and urban areas, under IMI, four consecutive immunization rounds will be conducted for 7 days in 173 districts—121 districts and 17 cities in 16 states and 52 districts in 8 north eastern states—every month between October 2017 and January 2018. IMI will cover low performing areas in the selected districts and urban areas. These areas have been selected through triangulation of data available under national surveys, Health Management Information System data and World Health Organization concurrent monitoring data. Special attention will be given to unserved/low coverage pockets in sub-centre and urban slums with migratory population. The focus is also on the urban settlements and cities identified under National Urban Health Mission (NUHM).
“The 4 phases of Mission Indradhanush have reached to more than 2.53 crore children and 68 lakh pregnant women with life-saving vaccines including 5.21 lakh children and 1.27 lakh pregnant women in Gujarat. Through this mission, we have accelerated our progress towards our target of 90% full immunization coverage. Earlier the increase in full immunization coverage was 1% per year which has increased to 6.7% per year through the first two phases of ‘Mission Indradhanush’,” said Union health minister J.P. Nadda.
IMI will have inter-ministerial and inter-departmental coordination, action-based review mechanism and intensified monitoring and accountability framework for effective implementation of targeted rapid interventions to improve the routine immunization coverage. IMI is supported by 11 other ministries and departments, such as ministry of women and child development, panchayati raj, ministry of urban development, ministry of youth affairs among others. The convergence of ground level workers of various departments like ASHA, Auxiliary nurse midwife (ANMs), Anganwadi workers, Zila preraks under National Urban Livelihood Mission (NULM), self-help groups will be ensured for better coordination and effective implementation of the programme.
IMI would be closely monitored at the district, state and central level at regular intervals. Further, it would be reviewed by the cabinet secretary at the national level and will continue to be monitored at the highest level under a special initiative, ‘Proactive Governance and Timely Implementation (PRAGATI)’.
IMI is based on information received from gap assessment, supervision through government, concurrent monitoring by partners, and end-line surveys. Under IMI, special strategies are devised for rigorous monitoring of the programme. States and districts have developed coverage improvement plans based on gap self-assessment. These plans are reviewed from state to central level with an aim to reach 90% coverage by December 2018.
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An appreciation and awards mechanism is also conceived to recognize the districts reaching more than 90% coverage. The criteria includes best practices and media management during crisis. To acknowledge the contribution of the partners/Civil Society Organization (CSOs) and others, Certificate of Appreciation will be given.
The Prime Minister during the launch also highlighted other achievements of the government including the new National Health Policy 2017 which has been unveiled after 15 years. “Regulating of the prices of stents has immensely helped a large section of the country by reducing the cost of healthcare on the middle income group and poor families,” Modi said.
The Prime Minister also dedicated the GMERS Medical College, Vadnagar to the nation and launched the Innovative Mobile Phone Technology for Community Health Operation (ImTeCHO) for improving coverage of community-based maternal, neonatal and infant health services to reduce neonatal and infant mortality in Gujarat by empowering health staff through use of innovative mobile phone application. GMERS Medical College serves nearly 400-500 outdoor patients and 80-100 indoor patients daily.
7. GoM Set Up to Review Composition Scheme.
A group of ministers (GoM) has been set up under Assam Finance Minister Himanta Biswa Sarma to make the composition scheme more attractive and also revisit GST rates on restaurants. The GST Council, chaired by Finance Minister Arun Jaitley and consisting of his state counterparts, had on Friday constituted the GoM, which will submit its report within 2 weeks.
The other members of the GoM are Bihar Deputy Chief Minister Sushil Modi, Jammu and Kashmir Finance Minister Haseeb Drabu, Punjab Finance Minister Manpreet Singh Badal and Chhattisgarh Minister of Commercial Taxes Amar Agrawal, according to an office memorandum.
With only 15.50 lakh businesses out of the total 98 lakh registered under the goods and services tax (GST) regime opting for the composition scheme, the GST Council has decided to set up the GoM to examine measures to make it more attractive. Businesses with turnover of up to Rs 1 crore can opt for the composition scheme and they can pay taxes in the range of 1-5 per cent and file returns quarterly.
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The GoM has also been tasked with revisiting the tax structure of different categories of restaurants with a view to rationalising or reducing the rates. Currently, GST is levied at 12 per cent on non-AC restaurants while it is 18 per cent in air-conditioned ones. The GoM will examine whether the AC restaurants pass on the benefit of cost reduction under GST to consumers and if they are not, whether they should be disallowed input tax credit claims. To make the composition scheme more attractive, the GoM would look into whether turnover of exempted goods can be excluded from the total turnover threshold for levying tax under the composition scheme.
Also, whether the scheme can be extended to taxpayers dealing in inter-state supplies of goods. Besides, the panel will look at whether the manufacturers opting for the scheme can be given the benefit of input tax credit. The GST Council, in its last meeting, hiked the threshold for availing of the composition scheme to Rs 1 crore, from the Rs 75 lakh set earlier. The tax rate for traders of goods in the composition scheme is 1 per cent while it is 2 per cent for manufacturers and 5 per cent for restaurants.
8. NMCG approves Eight Projects under Namami Gange Programme.
National Mission for Clean Ganga has approved eight projects worth Rs. 700 crore, out of which four pertain to sewage management in Uttar Pradesh, Bihar and West Bengal, three are related to treatment of drains through bio-remediation and one of inventorization and surveillance of river Ganga.
On sewage management front, a project for pollution abatement in river Ganga at Bally in West Bengal has been approved at an estimated cost of Rs 200.07 crore that would include construction of a 40 MLD STP under Hybrid Annuity based PPP model among other works. Similarly, construction of a 65 MLD STP under Hybrid Annuity model has been approved for Bhagalpur in Bihar at an estimated roject cost of Rs 268.49 crore. In Uttar Pradesh, sewage treatment related works at an estimated cost of Rs 213.62 crore have also been approved that includes construction of two STPs (28 MLD + 05 MLD) in Farrukabad and one 2 MLD STP at Bargadiya drain in Fatehpur. Pollution abatement works for river Ganga like interception, diversion and treatment of sewage in Bithoor have also been approved at an estimated cost of Rs 13.40 crore.
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Three projects of treatment of drains using bio-remediation technology have also been given a green signal at an estimated cost of Rs 4.29 crore. These are for Rajapur drain and Digha drain in Patna and Laksar drain in Haridwar.
One project for pollution inventorization, assessment and surveillance on river Ganga has also been approved at an estimated cost of Rs 42.9 crore. Continuation of an ongoing exercise, the project aims to strengthen environmental regulation and water quality monitoring vis-à-vis river Ganga.
9. Central Government imposes anti-dumping duty on imports of steel wire rods from China.
The Centre has imposed anti-dumping duty on imports of steel wire rods from China to protect domestic manufacturers from cheap in-bound shipments.
The department of revenue in a notification on Wednesday said anti-dumping duty is being imposed for six months on the import of wire road of alloy or non-alloy steel from China.
The measure follows a commendation by the Directorate General of Anti-Dumping and Allied Duties that steel wire road was being exported by China "below the normal value" and "the domestic industry has suffered material injury" because of such imports.
In its September 27 finding, the DGAD also stated that "the injury has been caused by the dumped imports of the subject goods" from China.
An anti-dumping duty equivalent to the difference between the landed value of steel products and USD 499 per tonne will be imposed on products exported by Minmetals Yingkou Medium Plate Co Ltd. In case of other producers, the anti-dumping duty would be the difference between the landed value and USD 538 per tonne, the notification said.
"The anti-dumping duty imposed under this notification shall be effective for a period not exceeding six months (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency," the November 2 notification said.
The `landed value` of imports was defined as the assessable value as determined by the customs and includes all duties of customs.
Wire rod of alloy or non-alloy steel finds applications in many sectors such as automotive components, welding electrodes, fasteners, including nuts and bolts, nails, railway sleepers, general engineering, binding wires for construction industry and armoured cables.
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State-owned Steel Authority of India, Rashtriya Ispat Nigam, Usha Martin and JSW Steel had jointly filed the application to probe the dumping of these products from China.
In its findings, DGAD concluded that the product has been exported to India at "below the normal value" due to which "the domestic industry has suffered material injury".
"The authority recommends imposition of provisional anti-dumping duty... so as to remove the injury to the domestic industry," DGAD had said.
Imports of these steel products have drastically increased to 4,95,732 tonnes during the period of investigation (July-December 2015) from 1,60,582 tonnes in 2012-13.
India has already slapped anti-dumping duty on certain cold-rolled flat steel products from four nations, including China and South Korea.
While the DGAD recommends the duty to be levied, the finance ministry imposes it.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.
India has initiated maximum anti-dumping cases against "below-cost" imports from China.
10. Union Government receives 260 applicants for visiting researcher Programme through VAJRA Scheme.
The Centre’s Visiting Advanced Joint Research (VAJRA) Faculty scheme, meant to attract top international talent to the country’s research and development ecosystem, has received 260 applications from foreign scientists- of whom 70 will be shortlisted this year. The pilot project by the Department of Science and Technology, launched in May, eventually intends to select 1,000 scientists every year. Department secretary Ashutosh Sharma said the screening of applicants will start this months and the shortlisted scientists will begin work by December.
“Nearly 260 scientists have applied. Before shortlisting the names, we have to see that their expertise and our areas of interest match,” he said. The department will look for scientists with experience in the fields of renewable energy, water and other technology in which Indian lack expertise, he said.
Science and technology department officials said the residency period will be for a minimum of a month and a maximum of three months. Public funded academic institutions and national laboratories are eligible to host VAJRA faculties.
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“These institutions should appoint them as adjunct visiting faculty and involve them in co-guiding and mentoring students and developing collaborative programmes. The faculty can also be allowed to participate in other academic activities,” Sharma said.
This is a multi-purpose project, he said. “We will be able to collaborate with the best scientific minds and our students pursuing their doctorate will receive their guidance. The students will also be exposed to international practices.” Scientists visiting Indian institutions under the VAJRA Faculty scheme would be provided with a lump-sum amount of US $15,000 in the first month of residency in a year and US $10,000 per month afterwards.
11. Uttarakhand Government Launched `Solar Briefcase` to Provide Electricity in Remote Areas.
The Uttarakhand Government is committed to fulfil the dream of Prime Minister Narendra Modi about providing power in every household and all the non-electrified houses in the State would be provided power either through grid or off grid by the year 2019. Chief Minister Trivendra Singh Rawat said this while addressing a programme at his residence on Sunday.
The Uttarakhand Government and a charitable funding agency on Sunday launched `Solar Briefcase`. In the programme, 101 families located in remote areas were provided solar briefcases and power packs by the Hans foundation.
Thanking Mata Mangala, Bhole Maharaj and designer of Solar Briefcase Manoj Bhargava the CM said that the Hans foundation in collaboration with the State Government has decided to provide off grid power to the deprived families by distributing 15,000 solar briefcases in Uttarakhand. He said that Manoj Bhargava has also prepared bio-manure ‘Shivansh’ which is easy to prepare. Rawat said that the demonstration of the bio-manure would soon be made in the CM house.
The chairperson of Hans Foundation, Shewta Rawat said that without the help of Government the task of providing power to all villages cannot be accomplished. She said that the Hans foundation would have electrified only two to three villages on its own but by associating with Government the plan is now to electrify 40-50 villages. Shweta said that the CM of Uttarakhand was instrumental in inspiring the foundation to take up such a big task. Speaking on the occasion Mata Mangla said that she is happy that this project has started in Uttarakhand.
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Congratulating the Uttarakhand Government and Hans foundation, Vidhan Sabha Speaker Prem Chand Agarwal said that the many houses that hitherto were in dark would get illuminated on this Diwali. Trustee of Hans Foundation Manoj Bhargawa said that while designing the solar briefcase he has taken utmost care on maintaining its quality. He disclosed that CM Rawat showed keen interest on the device it was shown to him. Secretary Power Radhika Jha informed that 98,000 families and 4,700 settlements in the State are still non electrified. She said that the office of CM takes a daily review on the progress of electrification in the State. Jha said that in last six months 20 villages have been electrified and three villages in Pithoragarh district were electrified in last week.
The programme was also attended by Minister of State Rekha Arya, MLAs Khajan Das, Ganesh Joshi, Mukesh Koli and others. Earlier in the day CM Rawat, Mata Mangla, Bhole Maharaj and Manoj Bhargava reached Kedarnath and handed over the first Power pack to the temple committee.
12. PNB MetLife appoints Ashish Kumar Srivastava as MD, CEO.
PNB MetLife India Insurance has a new MD and CEO in Ashish Srivastava. He will be responsible for leading all aspects of the business in the country. Prior to this elevation, Srivastava was an interim CEO at PNB MetLife.
Srivastava had joined PNB MetLife in 2013 as the Head of HR for the India business, and moved to Dubai in 2015 joining the MetLife Middle East & Africa (MEA) management team. Effective January 2017, he has been in India managing the India business. Prior to joining PNB MetLife, Srivastava was Board member at Canara HSBC Oriental Life Insurance Company.
An industry veteran of nearly 25 years, Srivastava comes with extensive experience in multiple disciplines, including Strategy, Human Resources, Project management and operations, Infrastructure, Administration and Communications.
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Chris Townsend, Chairman of the Board, PNB MetLife, said, “Ashish is a seasoned and well-respected leader who is an excellent choice to lead our team at PNB MetLife. The Board and shareholders remain confident in the performance and potential of the company and believe that the combination of PNB`s extensive network and MetLife`s global strategy ensure that we are well-positioned to capture the opportunities in this fast-growing market.”
Commenting on his appointment, Ashish Kumar Srivastava said, “I am delighted to have been entrusted with this responsibility and excited to take our business to greater heights. We are confident we will build on and consolidate our strengths in the market while continuing to innovate and tap new opportunities for growth.”
It maybe recalled that Tarun Chugh, the erstwhile MD & CEO of PNB MetLife, had joined Bajaj Allianz Life Insurance as its Managing Director & CEO from April 1 this year.
13. Union Home Minister Inaugurated First BIMSTEC Disaster Management Exercise.
The Union Home Minister Shri Rajnath Singh will inaugurate the four-day First BIMSTEC Disaster Management Exercise- 2017 (BIMSTEC DMEx-2017) here tomorrow. The Exercise will be conducted by the National Disaster Response Force (NDRF) as the lead agency from October 10-13, 2017 in Delhi and the National Capital Region (NCR). At the 17th BIMSTEC Senior Officials Meeting held in Kathmandu, Nepal on February 7, 2017, it was decided that India would organize the first annual Disaster Management Exercise for the region.
The BIMSTEC DMEx-2017 is being conducted in two phases in Delhi and NCR. The main exercise will comprise of Table Top Exercise (TTX), Field Training Exercise (FTX) and After Action Review (AAR) which is scheduled for October 10-13, 2017. Earlier, the first phase comprising a Preparatory Meeting and field visit of site selected for FTX during the main exercise, was held in Delhi NCR on August 8-9, 2017.
Delegates from all seven nations of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) grouping, - namely Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand, representatives from Embassies/High Commissions of BIMSTEC nations in Delhi, National Disaster Management Authority (NDMA), and Senior Officers from the Nodal Ministries will participate in the event.
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This Exercise will be a platform for sharing Best Practices on all aspects of Disaster Risk Reduction (DRR), strengthening regional response and coordination for Disaster Management among the BIMSTEC member countries. The main focus of the BIMSTEC DMEx-2017 will be on testing the regions preparedness and resilience towards effective activation of inter-Governmental interaction/dialogue/agreements for immediate deployment of regional resources for disaster response. It will help create synergy and synchronize efforts to institutionalize regional cooperation among the member countries. The exercise will help strengthen the effective utilization of the Search & Rescue Teams for Disaster Relief & Emergency Response, including Emergency Rapid Assessment Teams and Management of mass casualties especially in situations involving breakdown of infrastructure and communication.
14. dia Water Week inaugurated by President.
I am happy to be here to inaugurate the Fifth India Water Week 2017. I would particularly like to welcome the international delegates, from the European Union countries and elsewhere. They are joining their Indian counterparts in discussions related to this extremely important subject.
As we all know, water is essential to human life. In fact, since 60 per cent of the human body is water, it can be said that water is life itself. Without water, no field of human activity can be complete. Today, the world is debating if the flow of information is more important than the flow of energy. That is a good question. But the flow of water is still more important. It is fundamental to the economy and to ecology – and to human equity. The issue of water is becoming still more critical in view of climate change and related environmental concerns.
In India, water is central to some of our flagship programmes. I would go to the extent of saying that the modernisation of India is dependent on the modernisation of its water management. This is not surprising since our country supports 17 per cent of the global population – but has only four per cent of the world’s water resources.
Better and more efficient use of water is a challenge for Indian agriculture and industry alike. It requires us to set new benchmarks in both our villages and in the cities we build.
In India, 54 per cent of people are dependent on farming for their livelihood. Yet, their share of national income is only 14 per cent. To make agriculture more remunerative and to improve the prosperity of farming communities, the government has introduced many new projects. These include:
1. ‘Har Khet ko Paani’– Water for Every Farm: This requires enhancing the supply and availability of water
2. ‘Per Drop, More Crop’: This requires using drip irrigation and related methods to improve farm productivity, while using the same volume of water
3. ‘Doubling Farm Incomes by 2022’: To achieve this, the government is rapidly expanding the area under irrigation, and completing 99 long-pending irrigation projects. Sixty per cent of these projects are in drought-prone areas
I move now to India’s industrialisation and the role that water will play there. Under the Make in India mission, India is working to sharply increase the share of manufacturing in our GDP. From the current 17 per cent of GDP, we are determined to take it to 25 per cent by 2025.
Industry requires a large volume of water. This is particularly true for the manufacture of electronic hardware, computers and mobile phones. And these are all focus areas for Make in India.
Currently, 80 per cent of water in India is used by agriculture and only 15 per cent by industry. In the coming years, this ratio will change. The total demand for water will also rise. Efficiency of water use and reuse, therefore, has to be built into the blueprint of industrial projects. Business and industry need to be a part of the solution. That is why I am glad large manufacturing companies are present at this conference.
Friends
India is urbanising at a rate not seen in its history. An effort is being made to build or upgrade 100 modern cities as part of the Smart Cities initiative. As we know, reuse of water, solid waste management and better sanitation infrastructure and practices are benchmarks to assess Smart Cities.
In urban India, 40 billion litres of waste water is produced every day. It is vital to adopt technology to reduce the toxic content of this water, and to deploy it for irrigation and other purposes. This has to be part of any urban planning programme.
I must also point to the significant regional variations in India when it comes to the experience with water. On the one hand, groundwater sources are being savagely exploited and depleted in some of our northern and western states. On the other hand, in eastern and North-eastern states, there is the challenge of overflowing rivers and of regular flooding. Year after year, this damages human habitation and is leading to tragedies in countless families.
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Only a multi-stakeholder and multi-pronged approach can address such calamities. This includes achieving an interlinking of rivers where feasible. It also necessitates a basin-wide management of river systems to both keep rivers clean as well as serve the purpose of different types of users. The Namami Gange project is a good start in this regard. We need to extend such thinking to other river systems in India and the Indian subcontinent, especially in the eastern part of our country.
In conclusion, I would urge a water management approach that is localised. It should empower village and neighbourhood communities and build their capacity to manage, allocate and value their water resources. Any 21st century water policy must factor in the concept of the value of water. It must encourage all stakeholders, including communities, to expand their minds – and to graduate from allocating a quantum of water to allocating a quantum of benefits.
Of course, this quantum of benefits will be dynamic. It will inevitably be linked to the mapping and forecast of livelihood patterns in human society. And these keep evolving.