Tuesday, November 18, 2014

VIDEO: Viral Clip Shows Young Elephant Fight off 14 Lions Alone!


Who said Lion is the king of the jungle? After watching this video you will surely change your mind.

This extraordinary YouTube video, shot by the guests on the Norman Carr Safaris in Zambia's Chinzombo Camp, has become the last online sensation.On the last count the video have had 17,224,946 views and was still gaining.

The baby elephant - now being hailed as Hercules after Greek hero - bravely fended himself against the predators.  

Assaulted by 14 hunting lions,  Hercules - new KING OF THE JUNGLE, literally gives a lioness a run for her life. Fearlessly it fought back the onslaught and finally managed to live another day.

Watch how this brave baby elephant chases off one of the African savannah's most feared predators:


Tuesday, July 15, 2014

Five Reasons Why 100 per cent FDI in Defence is a Welcome Move



For long the debate has been raging on bringing a more flexible Foreign Direct Investment policy in Defence. However, for long there has been a constant opposition towards any decision to increase FDI cap in India.

Recently, the commerce and industry ministry sent in a circular calling in for inter-ministerial consultations to raise FDI limit in defence sector to 100 per cent through the approval route. In the past, the move would have been bogged down by its opponents; however, this time there is a sure chance that the FDI could be brought in 100 per cent in defence.

Here are five reasons, it is about time, the ruling Modi-government should bring in the FDI:
  • It was back in May 2001 that the Indian government threw open the defence industry to the private sector. The policy permitted 100 per cent equity with a maximum of 26 per cent FDI component, and in it lay its defeat. It clear from the start that the policy won't attract the investors for a simple matter of fact that which investor would venture into a country where he could not significant control over his company, but face all risks with no absolute guarantee whether the product will be purchase at all or not. And by 2004,the government was forced to confess that it has not received even a single investor.
  • Those opposed to 100 per cent FDI raise security concerns as an issue in allowing the flexible policy in defence. But what they forget is the fact that at present India procures almost all of its critical weapons system from outside. But by allowing FDI in defence, India can ensure that company's deliver what they have promised,further it can insulate itself from any sought of embargo. And to curb any malpractise, the government can easily bring in necessary security clauses in the license,including the right to take over a facility if required in an operational emergency.
  • Since currently, the equipments for the defense services are imported, it causes considerable burden on India's foreign exchange. Experience has taught us, these multi-billion deals often bring in corruption, but 100 per cent FDI can curb such practises. And by having the foreign defence units in India, the country can strengthen rupee by saving the foreign exchange and over a period of time, these defence weapons can be exported out of India.
  • By bringing in full share FDI, the government will be able to create couple of million jobs and which in turn will add 2 per cent to India's GDP.
  • The FDI in defence will bring in a severe competition for India's research agency -Defence Research and Development Organisation (DRDO). Even after spending crores of rupees on R&D, the public sector under-taking's performance has been below par. By bringing FDI, the government can create a competitive atmosphere for the DRDO and its agencies,that would then be pushed towards bringing in path-breaking products.
(The article was also published on IBTimes,India Edition)