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$500 million ADB Loan to build India’s Longest River Bridge across Ganges near Patna

The Asian Development Bank announced a 500-million US dollar loan to build a river bridge across the Ganga along Patna in Bihar.

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Annai Indira Gandhi Bridge / Pamban Bridge at Rameshwaram Tamil Nadu.It was India's first sea bridge and second longest sea bridge in India. Image source: blog.pkp.in

   

  • ADB has announced a loan of 500-million US dollar to build India’s largest river bridge 
  • Stretching a length of 9.8 km, the bridge will be take 4 years of construction and will be completed in December 2020 as scheduled
  • The bridge will benefit over nine million people, said the head of the project

The Asian Development Bank (ADB) on June 24 gave nod to a 500-million US dollar loan for building India’s largest river bridge across river Ganga near Patna in Bihar.

The bridge, with a proposed length of 9.8 km would ease traffic and provide transport links between north and south Bihar, as well as connect it with neighbouring Nepal.

According to the jagranjosh.com report, “the new bridge will make it easier for people to move between jobs and markets, particularly for poorer communities in the north wishing to travel to the state capital, Patna, just south of the river,” said Dong Kyu Lee of ADB’s South Asia Department, who is heading the project.

The bridge will facilitate a year-round embankment access road for the 250000 residents of the Raghopur Diyara island, who presently rely on boats and seasonal bridges to travel to Patna.

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River Ganga in Patna, Bihar Image Source: Wikimedia Commons
River Ganga in Patna, Bihar. Image Source: Wikimedia Commons

The construction project, additionally funded by the Bihar Government with a support sum of 215 million US dollars, will run for 4 years with an expected date of completion in December 2020, said the jagranjosh.com report.

Using state-of-the-art engineering techniques, the project includes plans of building viaducts, toll service counters, national highway linkages and embankments. The dimensions of the bridge are so designed that the impact of it on the river will be most minimal. It will further be able to withstand climate stress and high rise of water levels.

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An additional sum of 900000 US dollars will be provided by the ADB for “technical assistance to improve bridge operation and management”, said Lee.

Bihar, with a population of over 100 million is the third most populous state in India, but the poverty levels in the state are huge. About seven of the state’s ten poorest districts are in the north. The bridge is hoped to be of great benefit to the inhabitants who can travel easily for better income opportunities.

The capacity of existing bridges are not enough to meet the demands of increasing number of workers and labourers who have to spend more time and money on a regular basis for better jobs. But with the upcoming river bridge, engineers and designers working on the project hope that the scenario will be very different.

“In all, the bridge is expected to benefit over nine million people,” said Lee.

-By Maariyah Siddique, intern at NewsGram. Twitter:  @MaariyahSid

ALSO READ:

  • Aparna Gupta

    This development in infrastructure will definitely help commuters to travel easily.

  • Vrushali Mahajan

    Good to know that so many people would be benefited by this bridge

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How Technology is Streamlining the US Lending Sector

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cash-lending

Today, people are more connected than any other time in history. Since people are constantly using computers and smartphones, most industries have adopted technologies that help in easier and faster service delivery to customers.

In the finance industry, the development of technology has transformed the landscape in the lending sector. In this article, you’ll learn more about how this industry has been affected by technology.

Technology creates better borrower experience

Basically, the lending process requires an exchange of some data between the borrower and the lending institution. Depending on the lender and the amount in question, you may be required to submit tens of pages of information before the application is approved.

As such, the process can be daunting given that you are expected to fill multiple forms as well as provide several documents.  Without patience and some free time, getting through the loan application with traditional banks is close to impossible.

However, when the lending process is digitized the amount of paperwork is reduced dramatically. This is because account activity, credit history, income history as well as tax compliance can be fed into the system with the click of a button. This has made the collection and verification of information quite easy. Besides streamlining the application process, the amount of time it takes to get a loan has also reduced.

In addition, some lenders have developed some innovative mobile solutions that enable customers to submit an application from anywhere. The most outstanding feature about mobile loans is that there is a constant interaction between the lender and the borrowers. This goes a long way in improving service delivery.

Increased transparency

In the past, borrowers had no access to a lender’s system that hold the borrower’s personal details as well as loan application status. This implies that most borrowers were in the dark for the most part of the lending process. When the need to communicate comes, the loan teams were the most potent option. This has been the reason why loan officers were getting hundreds of phone calls from clients who were dying to get the updates about the loans.

Courtesy of technology advancements, now it’s possible to view the status of your loan application as well as your account status with a lender. This helps borrowers to stay updated during the entire online installment loans process. In addition, you can get instant communication about any requests that a lender may have that is critical to the borrowing process.

As a result, there is a high collaboration between borrowers and lenders which makes the involved parties satisfied.

A less painful borrowing process

Traditionally, it takes an average of 18 days to get a loan approval. To get through the borrowing process, you need an extra 50 days if you are applying for a mortgage. But when you consider that it’s possible to purchase something from miles away at the comfort of your home and get it in a few hours, the long lending process seems like a bad joke.

To match the level of service delivery in this digital era, the financial sector has incorporated technology for a better experience. The innovative technology makes it possible for borrowers to navigate through the process thanks to great design and real-time customer support.

This makes it easy to switch from traditional lenders who implement outdated technology and business models. The comfort of knowing that you can get help from the lender in a matter of seconds has made the process painless.

It helps you save money

On average, a lender spends about $8,000 to finish one mortgage. This is because they have to pay employees to look into tons of information and collate in various databases. In a manual process, the tasks are repetitive and consume a lot of time. The tragedy here is that the borrower will cover these costs in the form of loan fees and charges.

But when innovative technology is used, much of the redundant tasks during the application process is scraped off. This means borrowing becomes cheaper for both lenders and borrowers. Besides the huge savings on cost, the process takes less time.

Over-reliance on human capital is eliminated and this implies there are fewer errors when gathering information. While this doesn’t conclude that technology has taken the place of experienced manpower, it helps create time and resources that are focused on other tasks with higher value.

Risks associated with technology in the lending sector

While technology has a way of making life more bearable, it comes with several risks. Basically, most of the information is transmitted online and this makes it easy for criminals to intercept the information. With data security being one of the biggest concerns in this industry, most companies are investing heavily in precautionary measures to keep their customers safe.

Therefore, if you are working with a reputable loan company that has implemented the necessary safety measures, you don’t need to worry. However, this doesn’t mean that you should submit a loan application to every online lender out there.

All lenders are not created equal and there are a few predatory businesses out there that can take advantage of vulnerable borrowers and charge astronomical interests. As such, you should restrain yourself from getting into an agreement with any lender who doesn’t have a track record of outstanding customer service and a demonstrated commitment to helping customers.

Finally, identity theft is real and can cause a serious problem if a criminal gets your personal information. Therefore, you should be careful when requesting loans through online platforms. As a rule of thumb, choose to work with businesses that have strict privacy policies as well as having the necessary security measures to prevent data theft.

Final words

Innovative technology has taken the financial industry by a storm and it has created a serious revolution in the industry. Unlike in the past, loans are now easily accessible to more people and the lending process is less painful.

Considering the current trends, it’s clear that more resources are going to be invested in this industry and create better technologies. While there is still much that needs to be done with regards to improving certain loans like mortgages, technology has transformed the sector.

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Cleaning of Ganga is not impossible, but it is very difficult.

The holy river is also one of the most polluted river

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Ganga in Haridwar
A pile of garbage lies on the riverbank along the Ganges riverfront known as "Har ki Pauri," the most sacred spot in the Hindu holy town of Haridwar where devotees throng. VOA

– Saket Suman

About five years ago, when Financial Times journalist and author Victor Mallet began living in Delhi, he was shocked to discover that the Yamuna — “this beautiful river of Indian legend and art” — was chocked with untreated sewage and industrial waste after it had passed through the city on its way to Mathura, Agra and on to join the Ganga at Allahabad He wondered “how a river so sacred to so many Indians could also be so polluted and neglected” and then set out to record the plight of the Ganga.

His exhaustive journey led him to various key locations on the river, including its source at Gaumukh and Sagar Island and the Sunderbans at its mouth in the Bay of Bengal. This culminated in the publication of “River of Life, River of Death” (Oxford University Press/Rs 550/316 pages).

“My conclusion is that it is not impossible (to clean the Ganga) — but it is very difficult. Narendra Modi is the latest of several Indian prime ministers to announce plans to rescue the Ganga — in fact, I would say he has been the most fervent — but like his predecessors, he has struggled to implement these plans despite the availability of funds from India itself and from international donors such as the World Bank and Japan.

“Clearly, the Ganga has enormous problems of physical pollution from sewage, industrial toxins and pesticide run-off. Too much of the water is diverted for irrigation in the dry season, which can leave parts of the river without water before the monsoon. But with political will and public support — I don’t think anyone in India objects to saving the river — it can be done,” Mallet told IANS in an email interview from Hong Kong.

The important thing, he maintained, is to change mindsets and he noted in this context that it is quite common among devout Hindus to say: “Ma Ganga is so spiritually pure that nothing we throw in the river will sully her or make a difference.”

The author said that sensible holy men and environmentalists who care for the Ganga term this as nonsense — and the reason it’s not true is that the Ganga’s very spiritual power arises from its physical properties as a life-giver, as a provider of water and fertility.

“That’s why rivers have always been worshipped in ancient times, including in England. So if you destroy the river’s life-giving qualities through pollution, you destroy the source of her spiritual importance,” he added.

In the book, he also states that it is not impossible to clean the Ganges, “as river clean-ups in Europe and America have shown”.

Elaborating on this, he said: “When I was a child living in London, my mother always told me not to fall in the Thames because the river was so filthy that if I fell in I would have to go to hospital and have my stomach pumped! Yet today the Thames is clean — muddy, but virtually free of industrial pollution and untreated sewage — because successive governments and water and sanitation companies have stopped the pollution.

“The same is true of the Rhine in continental Europe and the Chicago river in the United States. The great thing about rivers is that you don’t have to scrub them clean — you just have to stop polluting them and the natural flow of the river does the rest.”

Mallet maintained that the record on the Ganga has so far been disappointing in terms of implementation, but hoped that there will be a change now that there is a new minister in charge.

“If you clean the Ganga by improving sanitation, you not only save the goddess, you also create thousands of jobs in infrastructure development, and save the lives of thousands of children who die each year because of bad water, poor hygiene and stomach bugs. Likewise, if India curbs its greenhouse gases — and this seems to be happening anyway because alternative energy such as solar power is now very competitive on price — then that will also help it to reduce the kind of air pollution that has recently been afflicting Delhi and the whole of North India,” he maintained.

Mallet went on to add that he learnt a lot about the mythology and the history of the river — and the history of India — in the course of his research for the book.

“In a way, India is so rich in civilisations and stories that you can never say you have completed your work as a researcher and writer. You can at least make a start, and also explain the contemporary political, social, religious and environmental issues that affect the river and the country as a whole,” Mallet said. (IANS)

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The Fall of the poster boy of Indian politics – Nitish Kumar

How Nitish Kumar gave his career a downfall drift

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Chief Minister of Bihar
Nitish Kumar

Amulya Ganguly

At one time, he was the poster boy of Indian politics. Not only did he slay the villain of Bihar’s “jungle raj” in 2005 by rounding up lawless elements after winning an election and launching social and economic development projects, he also scored another resounding electoral victory in the company of a new set of friends, including the “villain”, in 2015.

It appeared at the time that he could do no wrong. So much so that he was seen as a possible prime ministerial candidate of the “secular” front.

But, then, the rise and rise of Nitish Kumar came to an abrupt halt. He remains Bihar’s Chief Minister, but the halo round his head has frayed.

The reason is not only his switching of friends in what is seen as an exercise in crass opportunism, but also his pursuit of policies which are out of sync with the modern world and threatens to reinforce Bihar’s reputation for backwardness by turning the entire state into a virtual dehat or village.

The first step in this bucolic direction was the imposition of prohibition which has robbed Bihar’s clubs, hotels and intellectual watering holes of cosmopolitanism. Now, Nitish Kumar has taken yet another step backwards by demanding 50 per cent reservations for the backward castes in the private sector.

To begin with the second step, it is obvious that by threatening to take the quota system to such an absurd level, the Chief Minister has scotched any hope of industrial growth in a state which is crying out for investment.

In 2012, Bihar received investment proposals worth Rs 24,000 crore. In the post-liquor ban period, they have dropped to Rs 6,500 crore.

If his new ally, Prime Minister Narendra Modi had any hope, therefore, of making Bihar the beneficiary of his Sabka Saath, Sabka Vikas goals, he can bid it goodbye.

Nitish Kumar’s latest pitch in favour of the backward castes is all the more strange because he cannot seriously expect that his proposal will pass muster at the judicial level.

Like most Indian politicians, he is more interested in posing as a champion of whichever group he is courting at a given moment than in adopting measures which have a reasonable chance of success.

He merely wants to impress his targeted audience by showing that he did make an honest effort, but was stymied by the “system”.

Whether it is prohibition or reservations, Nitish Kumar’s ploys tend to underline crafty political manoeuvres rather than any genuine intention of acting in the state’s interest.

Unfortunately for the Janata Dal (United) leader, his gambits are too palpable to deceive anyone. In the case of the reservations, it is clear that Nitish Kumar is still battling his old adversary-cum-ally-cum-adversary, Lalu Prasad Yadav of the Rashtriya Janata Dal (RJD).

Since Nitish Kumar belongs to a numerically small and politically less influential caste — the Kurmis — than the RJD’s powerful Yadavs, he has never been at ease in Lalu Prasad’s company whether at the time of their camaraderie during Jayaprakash Narayan’s anti-Congress movement or when they were a part of the state government after the 2015 election victory.

The focal point of Nitish Kumar’s political career has been to establish himself as the foremost leader in the state. Lalu Prasad’s conviction in the fodder scam case enabled Nitish Kumar to be the No. 1 in the Janata Dal (United)-RJD-Congress government.

But he appeared to be forever looking over his shoulder to check whether he was being undermined by the RJD which has more MLAs than the Janata Dal (United).

Prohibition was the policy which he embraced to win over the lower middle class and rural women to his side. But, predictably, the liquor ban has led to an increase in drug abuse with 25 per cent of the cases in de-addiction centres now dealing with the users of cannabis, inhalants and sedatives.

Unlike prohibition which is not aimed at any caste, the demand for the 50 per cent reservations is intended by Nitish Kumar to bolster his position vis-a-vis Lalu Prasad since both are intent on playing the backward caste card.

It is also a message to his partner in the government, the Bharatiya Janata Party (BJP), about the importance of the quota system for the Chief Minister, especially when the Rashtriya Swayamsevak Sangh (RSS) chief, Mohan Bhagwat, is in favour of doing away with reservations altogether.

Nitish Kumar's self demolition
Bihar’s chief minister gave his political career a U-turn.

When Bhagwat expressed his views during the 2015 election campaign, the BJP quickly distanced itself from them for fear of losing the backward caste and Dalit votes. Even then, the BJP’s reputation as a brahmin-bania party remains intact. Besides, it is now more focused on playing the nationalist card than on wooing the backward castes.

Nitish Kumar must have thought, therefore, that the time was ripe for him to up the ante on the caste issue if only to let the BJP know that he cannot be marginalised as the BJP has been tending to do since tying the knot with the Janata Dal (United).

But, whatever his intention, Nitish Kumar cannot but be aware that his position is much weaker now than when he was in the “secular” camp. Nor is there any chance that he will regain his earlier status any time in the near future.(IANS)