No doubt, it is a Great Failure and a great loss to the poor Country.
We cannot afford to lose huge sum of Money in such Failures, where more than 50% of our population is living in abject poverty, where starvation death is an everyday story, where Mother is selling Baby for lack of food, where a woman is walking 10 kms to fetch a bucket of water, etc etc.
The Failure shd be thoroughly investigated and the people incl the Minister in Charge, must be made accountable and shd be punished.
RE:IT IS A GREAT FAILURE!
by Chetan Shenoy on Jul 15, 2006 04:46 PM Permalink
if thats the case then why dont people like you fight when the roads go bad or when the govt doesnt work properly?Even i have worked on the insat-4c sat.and it hurted us all a lot.Agreed the amount was huge.But same is the case with other things in this country.When elections are held every year why doesnt anyone speak then?Wat do you have to say Mr.Pravin?Do then ask the ministers to pay the amt?
RE:IT IS A GREAT FAILURE!
by jeetendra on Jul 17, 2006 01:33 PM Permalink
Dear Mahanty you sre true, our politicians are patting their back for raising the old age penisionfrom rs.50 to rs.200, and shame on these politicians when they know that some of them wards require rs.500 note for snorting the herione, how come this rs.200 will serve a poor old man, where in that age he requires more care, and when asked for increase these same shameless politicians says that there is financial crunch, when all these happens , than a missile and gslv failure costing this much big amount is really a shame on india,indians in general and the shameless politicians and sceintists involved in these missions in particular, hereafter these type of big unsuccesfull projects should be stopped. First the hunger of poor has to be satisfied and then only this type of fancy thaughts shuold be think. If govt is so ken on this, then it should allow the private companies to do this. Atleast the govt should realize and stop the fancy unralistic projects from,kasturi,kumarswamy and so on who sit in aircondition labs with unbudgeted money of tax payers
why not recover from the payments of isro contractors & staff
by pravin on Jul 15, 2006 09:14 AM Permalink | Hide replies
the loss may be recovered from the bill payment of the authorise isro contractors & staff responsible for the mishap. the contractor was at fault in kalpana chawla mishap also in nasa usa, here also i doubt contractor doing substandard work & the staff did not check it.
It is a pity that most of us think abt Insurance as a concept of loss minimisaation/mitigation after the event occurs.
In a Country which boaasts itself as advancing nation,there is hardly any movement in going towards a Managed Healthcare & Govt/politicians use it only in plaatforms not in implementation.
Similarly taking Insurance as a part of PROJECT COST as prevalent in US/Europe is not practiced.
Insuring with the same New India Assurance company in case of external launches does not make any difference in case of a disaster, does it? The fact remains the same that they are both govt owned companies, then how do external and internal launches make a difference insurance wise?
Give ISRO a break you guys!!! Every new venture has initial failure. Even the Americans, Russians etc. had failures in their space programmes. Instead of complaining about the launch failure & the huge financial loss, people should come forward & encourage them. ISRO has some of the best brains in INDIA & they will succeed. As with regards to the taxpayers' money which people say was wasted, look into other places - if you know what I am talking about- to find out the real losses!!!
RE:Give ISRO a break
by Avinash on Jul 16, 2006 01:03 PM Permalink
Well, its no mistake if you have managed to read the whole article and understand the principles of insurance.
In simple terms it means that there is a (one in three) chance for such a mission such as this to fail!! That's how it is being priced!
Gentlemen (I mean the authors), for heaven's sake, do your homework before opening your mouths!! Rs. 92 crore premium for an asset worth Rs. 250 crore? You don't need to be an insurance expert to realise there's a goof up (at your end, I mean).
RE:92 Crores premium?
by Avinash on Jul 16, 2006 01:07 PM Permalink
Unfortunately replied to the message below yours.
If you have read the article completely and if you understand the principles of insurance, you will understand that the chances of a failure are priced at around (one in three).
The title is highly misleading.One would have expected deep insight into the technical aspects of the failure or leads on what sort of goof-ups, if any, that took place in the launch.Instead, the article is about a purely commercial cant viz.,insurance, which, is a grandiose gimmick designed and operated always for the benefit and survival of the Insurers.
Why is everyone picking on ISRO for just one lost mission in 13 successfullaunches? How come no one compares this to the trillion money swindled from the exchequer by politicians in countless scandals ? Satellite launch missions are not technically simple things. Even NASA lost two space shuttles after countless flawless launches. these risks have to be accepted for the ultimate benefit they bring and that is considerably more than 256 crores.
RE:Why India lost Rs 256 crores
by Ravi on Jul 17, 2006 05:03 PM Permalink
I quite agree with Raghu. We Indians generally have very short memory. One failed mission out of 13 sucessful missions doesn't mean anything to Indians.
So much of money is being swindled and not even an eyebrow is raised. what a tragedy?
What ever happened happened.forget the past.Now the question is that where the fault lies to rectify and start with a fresh one. We have lost not only money but count the cost overall-must be addition to what we are presuming.who is responsible for this NATIONAL LOSS.Rectify the fault jointly where the fault lies,and prepare for the next .Failure is a failure in all aspected.Blaming each other is totally not advisable at this point of time. N.C.SHARMA
Such type of failure or loss can not be measure in term of money. Further the amount is very neglegible compare to the corruption done by our politician in verious scams/ scandels.
