Horrific Achhe Din: India 100th on hunger index; worse than Nepal, Bangladesh

Agencies
October 13, 2017

New Delhi, Oct 13: India has a “serious” hunger problem and ranks 100th out of 119 countries on the global hunger index — behind North Korea, Bangladesh and Iraq but ahead of Pakistan, according to a report.

The country’s serious hunger level is driven by high child malnutrition and underlines need for stronger commitment to the social sector, the International Food Policy Research Institute (IFPRI) said in its report.

India stood at 97th position in last year’s rankings.

“India is ranked 100th out of 119 countries, and has the third highest score 
in all of Asia — only Afghanistan and Pakistan are ranked worse,” IFPRI said in a statement.

“At 31.4, India’s 2017 GHI (Global Hunger Index) score is at the high end of the ‘serious’ category, and is one of the main factors pushing South Asia to the category of worst performing region on the GHI this year, followed closely by Africa South of the Sahara,” it added.

As per the report, India ranks below many of its neighbouring countries such as China (29th rank), Nepal (72), Myanmar (77), Sri Lank (84) and Bangladesh (88). It is ahead of Pakistan (106) and Afghanistan (107).

North Korea ranks 93rd while Iraq is at 78th position.

The GHI, now in its 12th year, ranks countries based on four key indicators — undernourishment, child mortality, child wasting and child stunting.

The report ranked 119 countries in the developing world, nearly half of which have ‘extremely alarming,’ ‘alarming’ or ’serious’ hunger levels.

“India’s high ranking on the Global Hunger Index [GHI] again this year brings to the fore the disturbing reality of the country’s stubbornly high proportions of malnourished children,” the statement said.

IFPRI pointed out that more than one-fifth of Indian children under five weigh too little for their height and over a third are too short for their age.

“Even with the massive scale up of national nutrition-focused programmes in India, drought and structural deficiencies have left large number of poor in India at risk of malnourishment in 2017,” said P.K. Joshi, IFPRI Director for South Asia.

However, he said that the on-going efforts are expected to make significant changes in improving the existing situation.

Mr. Joshi appreciated that India has developed and launched an action plan on ‘undernourishment free India’ by 2022. The plan shows stronger commitment and greater investments in tackling malnutrition in the coming years.

“As of 2015-16, more than a fifth [21%] of children in India suffer from wasting [low weight for height] — up from 20% in 2005-2006,” IFPRI said.

Only three other countries in this year’s GHI — Djibouti, Sri Lanka and South Sudan — show child wasting above 20%. India’s child wasting rate has not shown any substantial improvement over the past 25 years.

However, India has made considerable improvement in reducing its child stunting rate, down 29% since 2000, but even that progress leaves India with a relatively high stunting rate of 38.4.

Comments

Indian
 - 
Friday, 13 Oct 2017

No corruption itself is achhe din for me,..There may be incorrect decisions but govt is not sleeping , every day they take decision
This is achhe din for me

D'souza
 - 
Friday, 13 Oct 2017

Finally the voters deserve what they get. The bjp can easily inflame communal passions and is already nurturing its vote bank. It has now understood the arithmetic behind winning election. It won a brute majority with only 30 percent of votes. Now with a nonexistent opposition it might win more seats with lesser votes. The door buster sale of India will truly be over by them. One nation, one market.. for whom exactly? We all know it is for the corporates.

Kumar
 - 
Friday, 13 Oct 2017

Both Republic TV and NDTV are cheddi TV. They proved it many times

Unknown
 - 
Friday, 13 Oct 2017

Just 2 days back a media was showing how the GREAT INDIAN BANK LOOT took place under the previous UPA govt where state owned Banks were asked to disburse LOANS IN LAKHS OF CRORES and how corporates took advantage of this system.

Jay
 - 
Friday, 13 Oct 2017

Ha...This is what from day one of Modi his baiters have been telling ...some acting as though they voted and now changed mind ...are you guys serious about contesting Modi...give a good reason to change and show a better cleaner politician to depend on else this will be the same old story repeated even in 2024 ...

Rudresh
 - 
Friday, 13 Oct 2017

To those who are painting rosy picture , its not about Modi or BJP its about Indian Economy , we failed to take advantage of lower oil price for past three years . Just turn around and see how many children of friends and relatives who came out of college are jobless . Those who have graduated in last two years are struggling to find job and those who are already in job are looking scary . Is this not enough to understand how economy is doing ? Also look at the small businesses and see how they are impacted . RBI Governor escapes parliamentary committee meeting like a student escaping class exams .

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Agencies
January 1,2020

For many Indian tycoons, 2019 turned woeful as lenders -- empowered by the nation’s recent bankruptcy law and desperate to clean up soured debt from their books -- started seizing assets of delinquent firms or dragged them into insolvency.

Indian banks wrote off a record $39 billion of loans in the 18 months through September in a bid to repair their balance sheets as they battled the world’s worst bad debt pile. Making matters worse, a shadow banking crisis led to a funding squeeze, crushing debt-laden businesses that were critically dependent on rollover financing.

“Life has come a full circle for tycoons that had enjoyed debt-fueled growth,” said Nirmal Gangwal, founder of distress and debt restructuring advisory firm Brescon & Allied Partners LLP. “Many firms collapsed like a house of cards. The downfall was rather unprecedented.”
The government has also been cracking down on economic crime to assuage public anger over absconding businessmen. It’s even barred some from traveling overseas if they were deemed a flight risk.

Here are some of the country’s biggest and most-storied businessmen who saw their fortunes fade. Spokespersons for none of these tycoons, except Essar, immediately replied to emails and text messages seeking comments.

Anil Ambani

The chairman of Reliance Group, which makes movies to metro lines, had a close shave with jail time in March before his elder brother and Asia’s richest man, Mukesh Ambani, bailed him out at the last minute. The woes of the ex-billionaire came to the fore when India’s top court asked him to pay Ericsson AB’s India unit about $77 million of past dues or go to jail since Anil Ambani, 60, had given a personal guarantee. His telecom carrier slipped into insolvency this year, while unprofitable Reliance Naval & Engineering Ltd. faced a cash crunch. Reliance Capital Ltd. is selling assets to pare debt. Ambani is also fending off Chinese lenders in a London court.

Malvinder & Shivinder Singh

Karma caught up with ex-billionaires and brothers Malvinder Singh, 47, and Shivinder Singh, 44, and how. Scions of a prominent business family, they once helmed India’s top drug maker and second-largest hospital chain. In October, the two were arrested on charges of fraudulently diverting nearly $337 million from a lender they controlled. India’s market regulator found in 2018 that the brothers had defrauded their hospital company of about $56 million. The collapse of the $2 billion empire turned brother against brother, prompting their mother to broker a peace deal that was short-lived. In February, Malvinder accused Shivinder and their spiritual guru of fraud.

Shashikant & Ravikant Ruia

After a hard-fought battle to keep their flagship steel mill, the first-generation entrepreneurs finally saw the bankrupt Essar Steel India Ltd. pass on to ArcelorMittal last month. The $5.9 billion takeover was almost two years in the making with multiple legal wrangles. The group, controlled by Shashikant Ruia, 76, and Ravikant Ruia, 70, were also reprimanded by a U.K. judge in March this year for concealing documents. Started in 1969 as a construction firm, Essar Group diversified, investing about $18 billion between 2008 and 2012, and piled on debt. In 2017, the group had sold another prized asset, Essar Oil.

Selling an asset to pare a liability shouldn’t be seen as a “lost asset,” an Essar spokesman said, adding that the group remains a diversified conglomerate.

VG Siddhartha

Before jumping off a bridge into a river in July in an apparent suicide, the founder of India’s biggest coffee chain Cafe Coffee Day had penned a letter that spoke of pressure from lenders, a private equity firm and harassment by tax officials. He had spent much of the last two years pledging ever more of Coffee Day Enterprises Ltd. shares to refinance loans for ever shorter periods, at ever higher interest rates. “I would like to say I gave it my all,” V.G. Siddhartha, 60, wrote in the letter. “I fought for a long time but today I gave up.”

Naresh Goyal

The former ticketing agent who built India’s largest airline by value, stepped down as chairman of Jet Airways India Ltd. in March, caving in to pressure from banks who took over the company. Cut-throat price wars and surging costs pushed Jet deeper into loss. The airline stopped flying in April and went into bankruptcy two months later as lenders failed to find a buyer. In July, an Indian court barred Naresh Goyal from flying overseas after the government said it was investigating an alleged $2.6 billion fraud involving Jet Airways.

Rana Kapoor

The founder of Yes Bank Ltd., which became India’s fourth-largest non-state lender, tweeted in September 2018 that his shares were invaluable and requested his children never to sell them upon inheritance. But trouble was brewing. The nation’s banking regulator, which found the lender had repeatedly under-reported its bad loans, refused to extend his tenure as chief executive officer. This forced Rana Kapoor, 62, to step down by end-January. Kapoor, who has pledged some of his Yes Bank shares in July, sold almost his entire stake in the lender by October.

Subhash Chandra

The rice trader-turned-media mogul, 69, who brought cable television into Indian homes in the early 1990s with his ZEE TV, resigned as chairman of Zee Entertainment Enterprises Ltd. in November and lost control of his crown jewel. Subhash Chandra has been selling stake in Zee Entertainment in the past few months to repay group’s debt.

Gautam Thapar

A default by Gautam Thapar, founder of the paper mill-to-power transmission Avantha Group, on pledged shares made Yes Bank Ltd. the biggest shareholder in CG Power and Industrial Solutions Ltd. In August, the firm was hit by an accounting scandal forcing the board to remove Thapar, 59, from the chairman’s post. A month later, the market regulator ordered a forensic audit of the firm and barred Thapar from accessing securities market.

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News Network
March 7,2020

Mangaluru, Mar 7: Deputy Chief Minister Dr. Ashwatha Narayana said journalists are facing a challenging task of functioning with credibility while also upholding their professional ethics in this age of globalization where monetary aspects have gained great significance.

Inaugurating the 35th state-level Journalists’ Conference at the Kudmul Rangarao Town Hall on Saturday which was hosted by the DK District Working Journalists’ Union the Deputy CM also said that journalists should refrain from giving priority to political news as that does not serve any purpose for the common man.

Dharmadhikari of the Dharmasthala Temple Dr. D Veerendra Heggade was the chief guest at the event. The souvenir brought out to commemorate the occasion was released by Taranga Editor Sandhya Pai. The Deputy CM also inaugurated a cartoon exhibition organized on the occasion.

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News Network
July 21,2020

Bengaluru, Jul 21: A man was arrested on Tuesday for riding his high-end bike up to a speed of almost 300 km per hour on a flyover here during ongoing lockdown, police said. After a selfie video of the man's reckless ride went viral on social media, police arrested him for putting his life and that of others at risk and seized his 1000 CC bike.

Identified by police as Muniyappa, he rode his bike on the nearly 10-km long Electronic City flyover, accelerating almost to 300 KMPH as he whizzed past some vehicles, including cars autorickshaws and trucks that were moving in both directions.

"This video made viral by the rider...going at a dangerous speed of almost 300 kmph at Ecity flyover putting his own & others life at risk..CCB traced the rider & seized bike Yamaha 1000 CC.. handed over to traffic (police)," Bengaluru Joint Commissioner of Police Sandeep Patil tweeted, tagging the video.

A case of reckless driving has been registered against him, police said. They said the incident occurred during the week-long lockdown in force in the city and outskirts till Wednesday morning to contain the spread of coronavirus, leaving most roads deserted as people remained indoors. However, it was not known when exactly he undertook the ride. A fortnight ago, three youths who were doing wheelies on the city roads met with a ghastly mishap and lost their lives.

Click here for video

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