NATURAL CALAMITIES HAVE BECOME A WAY OF LIFE, BUT THE INDIAN INFRASTRUCTURE IS YET TO BECOME RESILIENT.
BALABHADRA Panda, a priest at the Jagannath Temple in Puri, Odisha, anxiously waits to escort pilgrims into the sanctum sanctorum of the 10th century temple. A month after the devastating Cyclone Fani hit Odisha, there is visible desperation on his face as the inflow of pilgrims has dipped by over 60 per cent and so has his earnings. “Pilgrims have literally stopped visiting the temple,” he says. Prior to the cyclone, Panda comfortably earned 1,0001,500 a day as dakshina from pilgrims. Today, earning even 500 is a struggle. Bada Danda, the road which leads to the temple, usually teeming with people, bears a desolate look post the cyclone.
Puri’s Beach Road is deserted too. The numerous hotels which dot the road are dilapidated and not operational anymore. The hotel industry in the state has incurred losses of about 500 crore and over 5,000 people have lost their livelihood.
The area has not had power since Cyclone Fani struck in early May. In the first week of June, power supply has been restored to just 20 per cent of Puri district. On the beach sits Ganesh Behera, who earns his livelihood by clicking instant photographs of visitors on the beach. Since the cyclone, Behera has been struggling to earn even 100 a day as tourists have vanished. In addition, after living in a cyclone shelter for about 10 days, he has to rebuild his home. The government has promised to give him 95,000 to reconstruct his home and he is anxiously waiting for the money to be credited into his account. “I have so far got only 2,000, 50 kg of rice and a tarpaulin sheet to cover my broken roof,” he says.
Esta historia es de la edición June 30, 2019 de Business Today.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 30, 2019 de Business Today.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
"Focus on the challenge of each customer"
SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company
PEDAL ON THE FUTURE
THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY
BREATHE EASY
Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference
The Taste of India in a Glass
FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN
LOOK BEFORE YOU LEAP
IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES
MISSING ADVISORS
INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE
TURNING A CORNER
SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE
REALITY CHECK
INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?
TRUMP'S TRADE TANGO
The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?
"The essence of the Trump administration will be transactional”
Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more