From Allahabad to Prayagraj; Whats in the name?

Ram Puniyani
October 27, 2018

Adityanath Yogi, Chief Minister of UP seems to be on the name changing spree. In his latest move he has changed the name of famous city of UP, Allahabad to Prayagraj. Prayag is the meeting point of rivers and since this city is the meeting point of Ganga, Yamuna and probably of invisible Sarswati, this name might have been chosen by him in his attempts to remove the Islamic touch to the names of our cities. As such many a versions of the origin of the name of this city are circulating. One such says that it was Ila-vas. Ila being the mother of mythological Pururva. Another such says it was in the name of Alha of Alha-Udal (part of popular folk lore) fame. More concrete records tell us that Akbar had named it Illaha-bad or Illahi-bas. Illaha is a generic term of Gods. He regarded this city as holy city of Hindus and Illah-bas in Persian means ‘abode of Gods’. This is clear from the records and from the coins of that time and reflects the inclusive spirit of Akbar. Earlier Yogi had made many changes in the names like that of Mughal sarai to Pundit Deendayal Upadhayay Junction, Agra airport in the same leader, Urdu Bazar to Hindi Bazar, Ali Nagar to Arya nagar etc. He regards all Muslim sounding names as being alien.

In an interview Yogi said he has to change many more names. On his agenda is to change the name Taj Mahal to Ram Mahal, Azamgarhg to Aryamgarh and to cap it all as per him the name India in our constitution should be changed to Hindustan. As per him these places were renamed after invasion of Muslim kings, so there is a need to re-change them. In UP Mayawati had already begun this name changing game which was to some extent reversed by his successor Akhilesh Yadav. Now in a more persistent way Yogi is identifying the Muslim sounding names and changing them one by one.

Adityanath Yogi is the Mahant of famous Gorakhnath Math. His predecessor of Math was in also politics, and Yogi has been a major player on the political chess board in UP. He comes from the Hindu Mahasabha stream of politics. His dominance has been very visible as his slogan, UP mein rahna hay to Yogi Yogi Kahna hoga (If you want to stay in UP, you have to Chant Yogi-Yogi) had been prevalent in parts of UP. His Hindu Yuva Vahaini has been in the news off and on; not for right reasons. He belongs to the group of large number of Holy men, Sakski Maharaj, Sadhvi Uma Bharati, Sadhvi Nirnajan Jyoti etc. who have been part of Hindu nationalist agenda. As such Holy men are supposed to have renounced the World to focus on spiritual pursuits, but this lot seems to be more active in Worldly pursuits.

The phenomenon of these holy men-women being in politics seems to be there in many post-colonial states. In these countries there has been absence of radical land reforms and there is persistence of hold of landlord-clergy which seems to be the reason for the God people to be in political arena. In these places God men and women has been part of the politics, which opposes the democratic values as being Western or alien, being against the spirit of ‘our’ land. They in a way harp on the pre Industrial values of birth based hierarchies. Surveying these countries one can see the rise of Ayatollah Khomeini in Iran, succeeded by many Ayatollahs. In Pakistan the Mullahs have been working closely with the military and landlord elements to undermine the democratic possibilities in society. In Pakistan the most prominent name which emerged was that of Maulana Maududi, who worked closely with Zia Ul Haq in Islamization of Pakistan. In neighboring Mynamar, the monks like Ashin Wirathu, also called ‘Burma’s bin laden’, are part of the politics to oppose the democratic society, to target the religious minorities there.

Back to India we have seen the crop of these Holy men, dominating the political scene in various ways. Most of these Godmen-women have been part of Hindu nationalist movement and are very vicious as far as hate speech is concerned. One recalls that Sadhvi Niranjan Jyoti had used the word haram Jade, Sakshi Maharaj was booked for blaming Muslims for population growth. Yogi himself has many cases pending against as far as hate speech is concerned. The worst of these was when he advised the rape of dead Muslim women.

Yogi has intensified the communal agenda to no end. UP state is organizing Hindu religious festivals. One recalls that the on occasion of Divali, the Helicopter carrying Lord Ram and Sita landed and the Gods were received by Yogi. UP State also organized the lighting of lamps in big numbers. Recently he had again been in news for the declaration that state Government will spend 5000 crores for the Kumbh mela. All this is taking place at a time when the state is suffering sever crunch in regards to health care and other infrastructure related issues. Young children, infants have died in hospital for lack of facilities; times and over again. The cities where name change has been brought about languishes with bad infrastrures and state constantly lags behind in Human growth indices, what to talk of the abysmal condition of human rights in the state. The condition of minorities is worsening as state sponsored moves to trample on their livelihood in the form of closing many the meat shops, which was done right at the beginning of his rule in UP, among other steps which is order of the day.

Yogi also bluntly stated that secularism is a big lie. His actions are showing as to how he is forcing the march of the state in the direction of Hindu nation, without any qualms for secular values as enshrined in our Constitution!

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Well Wisher
 - 
Wednesday, 31 Oct 2018

I prefer Goondaraj instead

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News Network
March 16,2020

Mar 16: An investigation into Coffee Day Enterprises Ltd., initiated by its board after the death of founder V.G. Siddhartha, is likely to conclude that at least Rs 2,000 crore is missing from its accounts, according to people familiar with the matter.

The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest coffee chain and its dealings with dozens of private companies owned by the entrepreneur. The draft report, running more than a hundred pages, points to thousands of rupees that have gone missing, said the people, asking not to be named because the details aren’t public. It also details hundreds of transactions between the founder’s listed and personal businesses that were not conducted at arm’s length, they said.

Though the report is in its final stages, the precise details could change before its release, expected as early as this week, the people said. The missing funds could total more than Rs 2500 crore, one person said.

“The investigation report is still a work in progress, and not finalized,” a spokesman for the company said. “The board of directors and the company are unaware of its content at this point of time. Hence it would be premature to speculate on the investigation findings.”

The priority for management and Siddhartha’s family “is to keep the business running in a challenging environment and meet all stakeholder commitments, including 30,000 jobs associated with the group,” the spokesman added.

The disappearance of the 59-year-old founder last year stunned India’s business community. He had last been seen telling his driver he was going for an evening walk along a bridge in southern India; his body was found by local fishermen two days later. A letter delivered to Coffee Day’s board and employees, which appeared to be signed by Siddhartha, described massive debts and complained of pressure from lenders and tax authorities. It claimed he bore sole responsibility for the company’s financial transactions.

The probe began about a month later when the company brought in Ashok Kumar Malhotra, a retired senior official from India’s federal enforcement agency, to investigate. A senior lawyer practicing in India’s top court is assisting, the company said in a regulatory filing at the time.

The publicly traded Coffee Day was supposed to be India’s answer to Starbucks Corp. More than 1,500 of its Café Coffee Day outlets blanketed cities and highways, with affordable options for the country’s aspiring middle classes. The chain’s tagline: “A lot can happen over coffee.”

But the empire has been battered since the founder’s death. Its shares plummeted about 90% and its market value dropped to about $80 million. Trading was suspended in February.

India’s regulators are tracking the situation and may use the company’s final report as part of a deeper dive into its internal affairs, the people said. Coffee Day showed about Rs 2400 crore in cash and cash equivalents on its balance sheet as of March 2019, the most recent figures the company has issued.

After the death of Siddhartha however, the company faced a severe liquidity crunch and had “zero cash in the bank,” according to one of the people. It struggled with day-to-day expenses and paying salaries has been a strain, the person said.

The draft report details personal guarantees by Siddhartha for loans taken by Coffee Day, and his unsecured loans at high interest rates from local money lenders, the people said. It also probes Coffee Day’s defaults to coffee growers and other vendors, they said.

A related issue is that coffee estates owned by Siddhartha and several employees had been used as collateral for bank loans. The report found that valuations for properties were inflated to get the loans, one person said.

Investigators have examined several theories about what happened to the company’s money, including whether Coffee Day was manipulating its finances to show cash and profit and whether Siddhartha was taking cash out of the listed company to pay off a large investor to whom he had guaranteed a return, the person said. From the filings of his listed and private companies, the entrepreneur’s loans had totaled more than Rs 10,000 crore, and he had been squeezed by borrowing to repay interest on earlier loans, the person said.

In the letter purportedly from Siddhartha, the entrepreneur said he had tried his best but failed as an entrepreneur. “I am solely responsible for all mistakes,” the letter read. “Every financial transaction is my responsibility. My team, auditors and senior management are totally unaware of all my transactions. The law should hold me and only me accountable, as I have withheld this information from everybody including my family.”

As the report nears release, Coffee Day is finalizing a deal with Blackstone Group Inc. for real estate assets. A large tranche of the payment is due in about a week, one person said.

Coffee Day said it is working to reduce its debt load by divesting non-core enterprises.

“The aim is to save employment and preserve this iconic Indian brand,” the spokesman said.

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News Network
March 16,2020

Mar 16: A fourth batch of 53 Indians returned to India from Iran on Monday, taking the total number of people evacuated from the coronavirus-hit country to 389.

This comes a day after over 230 Indians were brought back from Iran to New Delhi and quarantined at the Indian Army Wellness Centre in Jaisalmer, the third batch to be evacuated from that country.

"Fourth batch of 53 Indians - 52 students and a teacher - has arrived from Tehran and Shiraz, Iran. With this, a total of 389 Indians have returned to India from Iran. Thank the efforts of the team @India_in_Iran and Iranian authorities," Jaishankar tweeted.

The Indians came in a Mahan Air flight that landed at the Delhi airport at around 3 am, officials said, adding that they were later taken to Jaisalmer in an Air India flight for being quarantined.

The first batch of 58 Indian pilgrims were brought back from Iran last Tuesday and the second group of 44 Indian pilgrim arrived from there on Friday.

Iran is one of the worst-affected countries by the coronavirus outbreak and the government has been working to bring back Indians stranded there. Over 700 people have died from the disease in Iran and nearly 14,000 cases have been detected.

Jaishankar had told Rajya Sabha last week that the government was focusing on evacuating Indians stranded in Iran and Italy as these countries are facing an "extreme situation".

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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