No wasted effort: When Railways retrieved gold chain from poop

Agencies
July 30, 2017

New Delhi, Jul 30: During his two-decade-long career with the Indian Railways, station master Anil Kumar Shukla has helped passengers in multiple ways. He has now added retrieving a gold chain from poop to his list of accomplishments.

Shukla, currently posted at the Yeola station - about 35 kilometres from Shirdi and 260 kilometres northeast of Mumbai - got a call on July 16, informing him that a passenger had dropped a gold chain in the toilet of a train passing through his station.

"It was an unusual call, no doubt about that," laughed Shukla when contacted by news agency. "I rushed out when a passenger stopped the train and said he had dropped his gold chain into the toilet and wanted us to find it," said Shukla.

The gold chain weighed 50 grams, said its owner, Dr Chavan Patil, an orthopaedic surgeon, and was worth Rs 1.5 lakh.

"It is a lot of money to flush down the drain," said Patil, who was travelling from Nonand to Manmad in Maharashtra by the Maharashtra Express on July 16 and dropped his chain while changing his shirt at the Yeola station, which falls on the Ahmednagar-Manmad rail route.

The doctor sought help from the officials and his expectations weren't misplaced. The Railways, after all, had in recent times taken a slew of measures to meet passenger needs - from delivering medicines, wheelchairs, food and blankets to retrieving phones and laptops left behind.

However, this time, the Railways' helping hand could literally stink from the effort.

"After I pulled the chain to stop the train, the guard and station master came to help me out. However, they said they couldn't do much because the toilet was bio-tech and could be opened only by the cleaning crew at Kolhapur. They asked me to go to Kolhapur and make enquiries," Patil said.

Patil, however, went home to Phaltan, around six hours from Yeola -- and then his tech-savy daughter took over.

On July 18, she posted a tweet, urging Rail Minister Suresh Prabhu to intervene in the matter.

The minister replied in 10 minutes.

"I have given orders to concerned department to do the needful," he tweeted.In half an hour, Patil got a call from the Pune Railway station chief, asking him about the lost chain.

"He asked me to go to Kolhapur the next day. I did, and learnt the toilet was not bio-tech but the usual one," he said.

So, the chain, they realised, had fallen through the hole in the Indian style toilet at Yeola station.

It was then that station master Shukla received his second "unusual call" in as many days.

Informed that the chain was somewhere on the tracks of his station, Shukla, along with his staff, scoured an area of around two kilometres. To compound matters, it was also raining heavily that day. And then he spotted something jutting out of the pebbles.

"We used a wire to pull it out. Yes, it was dirty and covered in filth, but nothing a good wash couldn't get rid of," he said.

A heavy-duty wash under a tap at the station later, the chain finally made it to the hands of its very persistent owner, three days after it went down a black hole.

It is, however, not clear if Patil wore the chain immediately on its return! But what's known is that the effort that went into locating the chain wasn't quite a waste.

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News Network
July 9,2020

U.S. electric vehicle maker Tesla Inc is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.

"I'm extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly," Musk said in remarks made via a video message at the opening of Shanghai's annual World Artificial Intelligence Conference (WAIC).

"I remain confident that we will have the basic functionality for level 5 autonomy complete this year."

Automakers and tech companies including Alphabet Inc Waymo and Uber Technologies are investing billions in the autonomous driving industry.

However industry insiders have said it would take time for the technology to get ready and public to trust autonomous vehicles fully.

The California-based automaker currently builds cars with an Autopilot driver-assistance system.

Tesla is also developing new heat-projection or cooling systems to enable more advanced computers in cars, Musk said.

Industry data showed Tesla sold nearly 15,000 China-made Model 3 sedans last month.

Tesla has become the highest-valued automaker as its shares surged to record highs and its market capitalisation overtook that of former front-runner Toyota Motors Corp.

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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Agencies
July 6,2020

The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70% startups.

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, it says.

In a nationwide survey on the 'Impact of Covid-19 on Indian Startups' involving 250 startups, 70% participants said their businesses had been impacted by Covid-19 and around 12% had shut operations.

The survey shows only 22% startups have cash reserves to meet the fixed cost expenses over the next 3-6 months, and 68% are reducing operational and administrative expenses.

Around 30% of the companies said they would retrench employees if the lockdown was extended too long. The 43% startups have already started 20-40% salary cuts over April-June.

Over 33% startups said investors had put the investment decision on hold and 10% said the deals had been scrapped. Only 8% startups had received funds as per the deals signed before Covid-19 outbreak, the survey revealed.

The reduced funding has forced startups to put a hold on business development and manufacturing activities, which has resulted in loss of projected orders.

The survey highlights the need of an urgent relief package for startups, including possible purchase orders from the government, tax relief and swifter tax refunds, and immediate fiscal support measures, including grants, soft loans and payroll grants.

Besides 250 startups, 61 incubators and investors also participated in the survey.

While 96% of investors accepted that their investments in startups had been impacted by Covid-19, 92% said their investments in startups would continue to be low over the next six months.

Around 59% investors said they would prefer to work with the existing portfolio firms in the coming months. Only 41% said they would consider new deals.

"A comparison of priority investment sectors before and during Covid-19 shows 35% investors are now looking at investments in healthcare startups, followed by EdTech, AI/Deep Tech, FinTech and Agri," said the survey.

Around 44% incubators surveyed said their day-to-day operations had been considerably hit by Covid-19. Most incubators are now supporting their portfolio firms by providing them virtual platforms to interact with mentors, investors and industries.

Dilip Chenoy, FICCI Secretary General, said, "The startup sector is stressed for survival at the moment. The investment sentiment is also subdued and is expected to remain so in the coming months. Lack of working capital and cash flows may lead to major layoffs over the next 3-6 months."

Indian startups needed an enabling ecosystem and flow of funds to continue operations, the survey said.

Padmaja Ruparel, President, Indian Angel Network & Co-Chair of FICCI Startup Committee, said, "In these uncertain times, as investors, we must play an important role to provide the Indian startups funding, mentoring and hand-holding support to stay afloat and come out at the other end of this crisis."

To that end, IAN recently announced a debt fund to help IAN portfolio companies raise working capital and ensure business continuity by partnering with debt providers.

This must be replicated on a wider scale, so a larger number of startups are provided the capital support to make it during these tough times, Ruparel said.

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