Jain couple to leave minor daughter, Rs 100-cr property for monkhood

Agencies
September 17, 2017

Neemuch, Sept 17: A well-educated Jain couple from Madhya Pradesh has decided to leave behind their three-year-old daughter and property “worth Rs 100 crore” to embrace monkhood.

Sumit Rathore (35), who has worked in London before managing his family business in Neemuch, and his wife Anamika (34), an engineer who was employed with a mining major, decided to renounce the material world recently.

Earlier this year, a Jain teenage boy from Gujarat, who had scored 99.99 percentile in the class XII commerce examination, took the vow of monkhood. The couple will be initiated into Jain monasticism at a ceremony to be held in Surat on September 23.

Their family members said the couple has been married for four years and have a daughter. At present, they have taken a vow of silence till they take ‘deeksha’ (vow) next Saturday. As per the monkhood tradition, their heads will be shaved and they will put on white robes for their entire life.

Anamika’s father Ashok Chandaliya, a former Neemuch district president of the BJP, said he would take care of his granddaughter. “I am not against my daughter Anamika becoming a nun,” he said.

Sumit’s father Rajendra Singh, who runs a factory manufacturing gunny bags for packaging cement, also echoed a similar view. Sumit announced his decision to take ‘deeksha’ at a function in Surat last month.

“However, the pontiff asked him to seek Anamika’s permission. She not only gave her consent but also expressed a desire to become a nun. Their families asked them to rethink, but the couple stood their ground,” Sandip said.

He said Anamika was the first student in Neemuch district to win a gold medal in her Board examinations for class VIII. According to a family member, Anamika completed her BE from Modi Engineering College in Rajasthan. She had worked with Hindustan Zinc before her marriage.

Sandip said Sumit holds a diploma in import-export management from a college in London, where he worked for two years before returning to Neemuch to look after his family business.

Comments

George
 - 
Sunday, 17 Sep 2017

They should have taken this action before the child was born.

AK Shetty
 - 
Sunday, 17 Sep 2017

I salute the couple for their sacrifice and dedication, such people would bring fame to the spiritual world unlike the Ram Rahims.

Rakesh
 - 
Sunday, 17 Sep 2017

It is certain that the couple love each other too much. They r in search of Moksh but this search has made her daughter to suffer. they had a lot to do for the mankind if they r serious about service to God. What a great loss to our society !

Truth
 - 
Sunday, 17 Sep 2017

First stir up all the dust with that Mining and Manufacture. next wear a face mask.

Unknown
 - 
Sunday, 17 Sep 2017

It is a tough choice i am sure. Leaving their young daughter and all the luxuries money could have brought. Most of our giant seers & gurus also renounced worldly pleasures, some early and others late. Without knowing the circumstances we should not comment but appreciate their decision, a rare one indeed. I don't believe anything bad can come out of such an immense sacrifice.

Vijay
 - 
Sunday, 17 Sep 2017

Selfish parents..destroying a childs' life.

Ganesh
 - 
Sunday, 17 Sep 2017

Should stop this practice. After 18 years old let them decide. till that age parents should not take rubbish decisions.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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News Network
January 5,2020

Udupi, Jan 5: The district administration has identified 460 beneficiaries who will be allotted flats at Herga under the Pradhan Mantri Awas Yojana, informed MLA Raghupati Bhat.

Speaking to reporters here on Sunday he said the Udupi Municipal Council will construct the apartments in the 8.22 acres of land earmarked for the purpose at Herga. The flats will be ready before April 2021.

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News Network
March 18,2020

Bengaluru, Mar 18: BJP MLC Lahar Singh Siroya on Wednesday wrote a letter to Karnataka Chief Minister B S Yeddyurappa, urging him to allow half-an-hour daily discussion in the State Assembly and Council to take stock and review preparation of the government to contain the spread of coronavirus.

"Since the entire world including India is facing an emergency-like situation, it is appropriate for lawmakers to discuss the matter in the legislature. I would like to request you to allow the matter to be discussed every day in the upper house," said Siroya in his letter to the Chief Minister.

He said discussion and suggestions on the issue can help the government to improve the surveillance activities.

He said members of the Assembly can bring realistic information from their districts and present the same before the House.

Stressing that Bengaluru is a global hub of software and electronic industries, Siroya said: "We need to step up surveillance on the improvement of the international community. So, we have to discuss in detail and devise a robust strategy to contain the spread of the disease."

He asserted there is a possibility of people using social media to mislead public.

"lf the government discusses and debates the issue besides making announcements if any, there will be no scope for social media to mislead the public. Media is doing a good job in educating people. So, I would like to request you to involve the media and select NGOs to sensitise people and bring in the preventive mechanism of self-quarantine more effectively," he said.

Two more people have tested positive for COVID-19 in Karnataka on Wednesday, taking the tally of infected persons in the state to 13, Health Minister B Sriramulu said.

A total of 147 positive cases of coronavirus have been reported in India so far, as per the Union Ministry of Health and Family Welfare. The deadly virus has claimed three lives in the country, the first one was reported from Karnataka.

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