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Showing posts with the label ISRO

Over the moon

It was the spring of the year 2006. Prime Minister Manmohan Singh and President of the United States George W. Bush (Jr.) signed a historic civil nuclear cooperation deal on 06 March 2006 at New Delhi. The markets were obviously very excited about this new chapter in the strategic relationship between the two largest democracies in the world. The benchmark Nifty would rise ~17% (3185-3750) within 10 weeks of signing the deal. However, Nifty fell 30% (3750-2647) in the following five weeks as the deal faced strong opposition from the left parties that were part of the ruling UPA-1 alliance, as well as the opposition parties like right-wing BJP, etc. Eventually, the deal was signed in August 2007, after the prime minister won a no-confidence motion in the parliament on this issue. After the deal was signed, the government fixed a target to install 20GW of nuclear power generation capacity in India by the year 2018. Presently, there are 22 nuclear reactors operating in India with a tota...

Harbingers of Amrut Kaal

The country is celebrating Amrut Kaal - the 75 th year of independence. The government has committed to make this year a watershed year in the history of independent India. The occasion is inevitably marked by the usual political bickering between the ruling party at the center and the principal national opposition party. The incumbent BJP is projecting that the Indian National Congress, which has been at the helm for a substantial part of these 75years, is primarily responsible for slower, unequal and misdirected growth and development of the country. It is also assuring the country that the incumbent government is not only undoing the mistakes of commission and omissions committed by the earlier governments and taking impactful corrective action; but also laying the foundation for a stronger, faster, equitable and well directed growth & development of the country. The party in opposition, Indian National Congress (INC), on the other hand is refuting these claims. INC is insi...