Tigers killing and eating elephants in Corbett National Park: Government study reveals worrying phenomenon

Agencies
June 16, 2019

New Delhi, Jun 16: Tigers have been found to be killing elephants, mainly young ones, in the famed Corbett National Park in Uttarakhand and in a few cases eating them too, according to an official study.

The findings, which is a part of the study conducted by the park authority, signals a worrying trend in wildlife as tigers usually don't eat elephants, wildlife experts say.

A total of nine tigers, 21 elephants and six leopards were found dead from 2014 to May 31, 2019, due to infighting and clashes over issues related of mating, according to the study.

"Out of the total 36 cases for the three species, 21 were reported in case of wild elephants alone. However, a very surprising aspect was that around 60 per cent of wild elephant death cases (13) were due to attack by tigers mostly on young ones," it said.

Senior IFS officer and in-charge of the national park, Sanjiv Chaturvedi said the phenomenon of tigers eating elephants is unique.

"One of its reasons could be that tigers need comparatively less amount of efforts and energy in killing an elephant as against that needed in hunt of species like Sambhar and Cheetal. Killing an elephant results in large quantum of food for them too," said Chaturvedi, director of the park.

He said the national park has a unique ecosystem as there are 225 tigers and around 1,100 wild elephants, whereas other national parks like Ranthambore, Kanha and Bandhavgarh mainly have tigers.

Even in cases where elephants were killed in infighting, tigers were found eating their body parts, the study said.

This peculiar aspect of tiger-elephant conflict needs to be studied in further details, it added. "Regarding remaining cases of death of wild elephants, it was mostly because of fight due to issue of mating," the study said.

Wildlife activist Ajay Dubey said this tiger-elephant conflict is unheard of and need immediate attention.

"It is really surprising and worrying that tigers are eating elephant. Authorities must look into this aspect and take necessary steps," he said.

In case of tigers, total number of deaths during the five years period was nine and out of these, 80 per cent (seven) cases were due to infighting, the study said.

From the analysis of case reports and sample sites, these were found to be primarily due to territorial fights or mating issues, it said.

Tigers have very strong territorial instincts and this emerged as one of dominant causes of infighting deaths.

In this regard, detailed study about extent of average territorial area, moving pattern and adequacy of present tiger reserve are to be studied in further details, the study suggested.

The remaining 20 per cent death cases were found to be because of fight with wild boars and porcupines, it said.

In case of leopards, there were six deaths because of infighting. Of these, two third cases were due to attack by other carnivore species.

"Out of four cases, in two cases, there were definitive evidences of killing by tigers but in rest of two cases, exact identity of attacking species is yet to be established. This aspect of tiger-leopard conflict is to be further studied in details. In remaining one third cases, it was because of mutual infighting among themselves," the study said.

The study was conducted in wake of death of a tigress on May 27, 2019, because of infighting.

"The recent case of tigress appears prima facie due to forced mating attempts by a dominant male tiger, resulting in fatal spinal injuries," it said.

The Corbett park is the first national park of India, established in 1936. It was then named Hailey National Park. In 1957, it was rechristened as the Corbett National Park in the memory of Jim Corbett, great naturalist and eminent conservationist.

The park, which is spread in an area of around 1,200 sq km is situated at the foothills of the Himalayas. There are estimated 340 tigers in Uttarakhand, according to 2014 census of the big cats. The state has three tiger reserves -- Corbett National Park, Rajaji Tiger Reserve and Kalagarh Tiger Reserve.

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News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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News Network
June 19,2020

New Delhi, Jun 19: India on Friday added 13,586 new COVID-19 cases for the first time in a single day, pushing the tally to 3,80,532, while the death toll rose to 12,573 with 336 new fatalities, according to the Union Health Ministry data.

In some positive news, the number of recoveries crossed the two lakh-mark and stands at 2,04,710, while there are 1,63,248 total COVID-19 active cases, according to the updated official figure at 8 am.

One patient had migrated.

"Thus, around 53.79 percent patients have recovered so far," an official said.

The total number of confirmed cases include foreigners. 

India registered over 10,000 cases for the eighth day in a row.

Of the 336 new deaths reported till Friday morning, 100 were in Maharashtra, 65 in Delhi, 49 in Tamil Nadu, 31 in Gujarat, 30 in Uttar Pradesh, 12 each in Karnataka and West Bengal, 10 in Rajasthan, six in Jammu and Kashmir, five in Punjab, four each in Haryana and Madhya Pradesh, three in Telangana, two in Andhra Pradesh and one each in Assam, Jharkhand and Kerala.

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News Network
May 21,2020

Bengaluru, May 21: The top two food-delivery startups, Swiggy and Zomato, will begin delivering alcohol in some cities starting from today, as they cash in on the high demand for booze during the country's coronavirus lockdown.

India was among the few countries to restrict liquor and tobacco sales as it announced one of the world's strictest lockdowns in March.

Hundreds of people started queuing up at liquor stores earlier this month when the government eased some restrictions, leading the police to resort to baton-charges to disperse crowds in some cases.

The companies will roll out the service in select cities in Jharkhand, starting with Ranchi from today, Swiggy and Zomato said in separate statements.

Swiggy said it was in advanced talks with multiple states to launch the service in more locations, and both firms said the move to allow alcohol orders through smartphones will promote social distancing and customer safety.

"By enabling home delivery of alcohol, we can generate additional business for retail outlets while solving the problem of overcrowding," said Anuj Rathi, vice president of products at Bengaluru-based Swiggy.

The new service also comes as both Swiggy and Zomato face sharp declines in their core business, with restaurants remaining shut during the two-month lockdown, forcing the companies to cut hundreds of jobs to save cash.

News agency reported earlier this month that Zomato was aiming to branch out into delivering alcohol. Swiggy is backed by South African internet group Naspers Ltd, while Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd, is a major investor in Zomato.

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