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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

Thackerays’ ‘Taandav’ for trees, tigers

AI generated image Mumbai: Maharashtra Navnirman Sena (MNS) President Raj Thackeray launched a sharp attack on the government for the systematic degradation of the state’s environment under the garb of development, even as the climate change poses a direct threat to the environment, economy, agriculture, public health and the future of both rural and urban centres. Questioning the state government’s claims of having planted millions of trees, he rued how the World Environment Day has been...

Thackerays’ ‘Taandav’ for trees, tigers

AI generated image Mumbai: Maharashtra Navnirman Sena (MNS) President Raj Thackeray launched a sharp attack on the government for the systematic degradation of the state’s environment under the garb of development, even as the climate change poses a direct threat to the environment, economy, agriculture, public health and the future of both rural and urban centres. Questioning the state government’s claims of having planted millions of trees, he rued how the World Environment Day has been reduced to an annual ritual of tree-planting drives and clicking selfies for social media, though 90 pc of the saplings don’t survive even a day. “Only the government knows where those trees really are,” said Raj sternly. He recalled a "Blueprint of Maharashtra’s Development" he had proposed in 2015, in which he advocated how development without environmental sensitivity is hollow. Justifying, he said that the consequences are visible where roads, bridges and infrastructure projects are hailed as achievements, but even a short spell of rainfall can paralyze entire cities. Referring to recent reports on farmers returning from the fields after 10 am due to the scorching heat, Raj said that the worsening climate crisis has become an everyday reality. Citing official statistics, Raj claimed that extreme heat has caused productivity losses of nearly USD 159 billion and slashing of 160 billion work-hours annually in recent years. He mentioned the World Bank estimates that India’s GDP could plummet by 2.5-4.5 pc while 57 pc of the country’s districts sheltering 76 pc of the population stare at serious climate-related crises. Taking a swipe, he said while the governments boast about growth figures and economical rankings, they are silent on the staggering costs of environmental destruction. He questioned the development model “whether flooded cities, washed-away crops and unbearable summers” genuinely indicate progress. Claiming that Maharashtra was increasingly becoming unliveable for upto 8 months in a year, he said excessive monsoon rains disrupt rural life and urban floods cripple cities, while extreme heat make normal life a torture in summers in both urban-rural areas. Targeting the Centre, Raj alleged that nearly 173,984 hectares of forest lands were diverted in the past 11 years for mining and infrastructure projects to benefit the PM’s single favourite Adani Group. He said that these lands amount to 1,730 sqkm, or equivalent to the area of 16 Sanjay Gandhi National Park (SGNP) that is spread over barely 104 sqkm. Dissolve state wildlife board: Aaditya Shiv Sena (UBT) leader Aditya Thackeray has accused the Maharashtra government for issuing a permit to carry out mining activity in the sensitive tiger corridor between the Tadoba-Andhari and Indravati sanctuaries housing the big striped cats. In a strongly-worded letter to the National Tiger Conservation Authority (NTCA) Member-Secretary Sanjay Kumar, Thackeray sought his immediate personal intervention, sacking the Maharashtra State Board for Wild-Life (SBWL), revoking the permit, and probe against the Chief Wildlife Warden & Principal Chief Conservator of Forests (PCCF) M. Srinivasa Reddy for the alleged lacunae. Aditya’s two-pager says the permit has been granted for “scientific exploration and excavation/systematic recovery of low-grade iron ore in existing mines in villages Hedri, Bande, Parsalgondi and Round Parsalgondi, in the Etapalli taluka of Gadchiroli district”. Last January, Aditya – MLA from Worli – had first raised the issue saying that the proposed mine would create only 120 jobs, including 32 permanent, and the estimated output is pegged at 1.1 million tons in a year. Referring to two letters of Reddy – on April 28 and May 21 – the SS (UBT) leader claimed that in communications to the state government, the PCCF had changed his stance on the issue. Aditya said that in the first letter, Reddy had effectively opposed the government plans for mining activity but in the second letter, he took a somersault, ostensibly due to government pressures or some commercial interests, “the U-turn is disgraceful and detrimental to India’s national interest” – and this abrupt shift in stance must be investigated thoroughly. In view of the contrary stance of the PCCF Reddy, entrusted with protecting the wildlife but failing to defend the NTCA and NBWL, point to serious malfunctioning of the SBWL, and hence it must be dissolved, besides reviewing all its decisions in the past three years, particularly those pertaining to hazardous activities in sensitive areas, demanded Aditya. 444 tigers roam in 11,000 sq.km As per the Status of Tiger Report (2002), and the Maharashtra Economic Survey 2025-2026, the state boasts of 444 tigers prowling in the wild along with other menacing creatures. The state’s total protected wildlife network of 88 Notified Areas of National Parks, Sanctuaries, and Conservation Reserves - including 6 dedicated to the striped big cats – is spread over 11,092 sq. kms as per current data.

Four Methods to Choose Investment

One of the most common questions investors ask is: “Which investment should I choose?” The real answer is that no investment is good or bad in isolation.


A simple way to judge any investment is the RRLT framework - Risk, Return, Liquidity and Time Period. Before investing in any product, all four factors should be seen together.


1. Return

Return is the reward you expect from the investment. It may come in the form of interest, dividend, capital appreciation or regular income. Naturally, every investor wants good returns.


However, return should be understood properly. It is important to look at the real intrinsic / internal rate of return (IRR) of every investment, especially when cash flows happen at different points of time. A product may sound attractive on the surface, but the actual return may be very different when calculated correctly.


2. Risk

Risk is the possibility of losing money whether partially, fully, temporarily or permanently. In some investments, the risk is very low. In others, the value may fluctuate significantly in the short term.


Direct stocks, equity mutual funds, gold and real estate can create wealth over time, but they need patience and the ability to tolerate ups and downs. On the other hand, fixed income products may offer stability, but they may not beat inflation over the long term.


3. Liquidity

Liquidity means how easily you can convert your investment back into money when required. A savings account is highly liquid. Fixed deposits, mutual funds and stocks are reasonably liquid. Real estate may take time to sell.


Liquidity matters because emergencies do not come with advance notice. Before chasing returns, every investor must ensure that enough money is available in liquid instruments for short-term needs and emergencies.


4. Time Period

Time Period is the most important filter. The investment product should be selected based on when you need the money.


If the money is needed within a few months or one to two years, safety and liquidity matter more than high returns. If the goal is ten, fifteen or twenty years away, growth-oriented assets like equity mutual funds, direct stocks and gold-related instruments can play a larger role.


The longer the time horizon, the better your ability to handle short-term volatility.


Goal-Based Planning

This is where proper financial planning becomes useful. Make a table of your financial goals - home purchase, car, vacation, child education, child’s marriage and retirement.


Write the amount required, adjust it for inflation and mention the time left for each goal. Once this is clear, choosing the right investment becomes easier.


Investment Avenues

Broadly, investment avenues can be divided into two categories - those that help beat inflation and those that mainly provide stability.


Equities, equity mutual funds, gold and real estate help in long-term wealth creation by beating inflation. Your long-term financial goals should ideally be invested in this bucket - the one that helps your money grow faster than inflation.


For your short-term goals, rely more on bank fixed deposits, recurring deposits, and debt mutual funds. Here, safety and availability of money are more important than high returns.


A good investment is not the one that sounds exciting. A good investment is the one that fits your goal.


So before investing anywhere, remember RRLT - Risk, Return, Liquidity and Time Period. When these four are aligned with your financial goal, investment decisions become much clearer.


(The writer is Chartered Accountant and CFA (USA). Financial advisor. Views personal. He could be reached on 9833133605)

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