The Lakshadweep is a group of coral reef islands.
How do coral reefs form?
Coral reefs are nothing but the accumulated exoskeleton of corals. When a coral dies, it's body is left behind. On top of this body, another coral lives. When it dies, it leaves behind a body that serves as a base for another coral.
The reefs of the Lakshadweep islands were created around marine volcanoes. These marine volcanoes would rise up above the sea level and corals would inhabit the shallow water created by the volcano. Eventually, the volcano will stop erupting and start subsiding. Eventually, it will fall below sea level, leaving behind the coral reef. This reef will now appear to be an island, like the Lakshadweep islands.
EXTRA TIDBIT: The volcanoes that the Lakshadweep islands were created around were created when the India plate travelled over a hotspot. A hotspot is a spot where a tube from inside the earth brings lava to the surface. Imagine holding a pen with one hand and placing base of the Palm on the tip of the pen. Then, if you pulled your hand back, whilst maintaining contact between the pen and your hand, the pen would draw a line over your palm.
http://en.m.wikipedia.org/wiki/L...
Similarly, the hotspot was stationary and active for millions of years, and the Indian plate moved over it. If you look at the map, the Lakshadweep and Maldives islands for a straight line. That represents the path that the Indian plate took over the hotspot (called the Reunion hotspot after the island Reunion). Remember the line draw on your palm?
The Andaman and Nicobar Islands are more interesting to me.
You might have heard that the Himalayas were created when India collided with Asia, around 40 million years ago. The Himalayas represent the northern edge of the Indian plate and the southern edge of the Eurasian plate. A similar thing happened to create the Andaman and Nicobar Islands.
They are found at the eastern edge of the Indian plate. The eastern edge of the Indian Plate is the western edge of the Burma Plate. The two plates collided around 40 million years ago. This collision led to the rise of mountain chains. On land, this mountain chain is called the Arakan Yoma, on the sea these islands are called the Andaman and Nicobar Islands. Yes, the Andaman and Nicobar Islands are in fact the peaks of submerged mountains
How do coral reefs form?
Coral reefs are nothing but the accumulated exoskeleton of corals. When a coral dies, it's body is left behind. On top of this body, another coral lives. When it dies, it leaves behind a body that serves as a base for another coral.
The reefs of the Lakshadweep islands were created around marine volcanoes. These marine volcanoes would rise up above the sea level and corals would inhabit the shallow water created by the volcano. Eventually, the volcano will stop erupting and start subsiding. Eventually, it will fall below sea level, leaving behind the coral reef. This reef will now appear to be an island, like the Lakshadweep islands.
EXTRA TIDBIT: The volcanoes that the Lakshadweep islands were created around were created when the India plate travelled over a hotspot. A hotspot is a spot where a tube from inside the earth brings lava to the surface. Imagine holding a pen with one hand and placing base of the Palm on the tip of the pen. Then, if you pulled your hand back, whilst maintaining contact between the pen and your hand, the pen would draw a line over your palm.
http://en.m.wikipedia.org
Similarly, the hotspot was stationary and active for millions of years, and the Indian plate moved over it. If you look at the map, the Lakshadweep and Maldives islands for a straight line. That represents the path that the Indian plate took over the hotspot (called the Reunion hotspot after the island Reunion). Remember the line draw on your palm?
The Andaman and Nicobar Islands are more interesting to me.
You might have heard that the Himalayas were created when India collided with Asia, around 40 million years ago. The Himalayas represent the northern edge of the Indian plate and the southern edge of the Eurasian plate. A similar thing happened to create the Andaman and Nicobar Islands.
They are found at the eastern edge of the Indian plate. The eastern edge of the Indian Plate is the western edge of the Burma Plate. The two plates collided around 40 million years ago. This collision led to the rise of mountain chains. On land, this mountain chain is called the Arakan Yoma, on the sea these islands are called the Andaman and Nicobar Islands. Yes, the Andaman and Nicobar Islands are in fact the peaks of submerged mountains
The 2010 report had pointed out several institutional problems. It observed that the high cost of credit, requirements of collateral, limited access to equity capital, lack of access to global markets, and the absence of a mechanism for the revival of sick enterprises were some of the major concerns of SMEs.
The report had also recommended a series of measures to address these concerns. The task force had recommended a target of 20 per cent year-on-year growth for micro and small enterprises lending by commercial banks. It had also advocated a public procurement policy for MSMEs that would mandate a goal for government departments and public sector undertakings (PSUs) to reach a target of at least 20 per cent of their annual purchases from SMEs and report the same in their annual reports.
Problems with the MFI model
The proposal to run the MUDRA Bank on the MFI model has also come in for criticism. Sudha Sundararaman, national vice-president of the All India Democratic Women’s Association, highlighted some of the existing problems with the MFI model of financial inclusion. “The proposal to route the funding for the new bank through MFIs is a move towards increasing the profits of these institutions and encouraging the private sector instead of strengthening public sector banks. Our women’s groups working in the States of Odisha, Karnataka and Andhra Pradesh continue to report large numbers of women falling into the debt trap because of the exorbitant interest charged by MFIs. MFIs continue to function largely as exploitative institutions and not as arbiters of financial inclusion. About three months ago, women in Odisha united in an effort to refuse to pay the exorbitant interest rates charged by MFIs. There is an ongoing movement in Andhra Pradesh by women to strengthen the linkages between banks and self-help groups [SHGs] and avoid dependence on MFIs,” she said. “The government has to reach out to SMEs with substantial allocation of funds. These are labour-intensive industries which generate considerable employment. They continue to have problems with credit availability. In a situation where the government clearly sides with large corporations, small industries are facing challenges of survival.”
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