Myanmar Communal Violence- a Set back to Democratic Process

[email protected] (Ram Puniyani)
April 6, 2013

myanmarMost of the countries of South Asia have faced the barbaric problem of violence targeted against religious minorities. The form of this may have been different, but the outcome has been similar, the brutality against religious minorities, violence against innocent human beings. The current times (Mid 2013) may be one of the worst when in the spate of short span of we are witness to violence in Pakistan, Bangla Desh, India and Myanmar, more or less running parallel. Many a times when talk about violence involving Muslims has been under discussion, some propagandists have tried to associate Islam with violence and so the strife. Similarly some others may say that Hinduism permits violence as in Gita or so and so is the problem. In popular perception Buddhism is the religion of peace. The truth is that while the religious precepts are for morality, the part of religion invoked for violence has more to do with contemporary political issues, which are given the garb of religion. While Lord Gautama Buddha is surely the major apostle of peace, one has seen violence by Buddhist monks in Sri Lanka, Thailand and now overtly in Myanmar (March 2013).

Troops are keeping a vigil, martial law has been declared to stop the communal rage which has lasted for three days in Meikhatila in Myanmar. This violence has involved the Buddhists and Muslims.  Here the official toll stands at 31 dead, while the unofficial figures are higher.  A state of emergency has been declared in this state. As usual a trivial incident involving the argument between the Buddhist couple and a Muslim owner of gold shop resulted in the triggering of simmering dislikes and discord between these two communities resulting in violence. While one Buddhist monk has also been killed the major victims of the violence are Muslims. This bring to our memory the communal clash of June -July (2012) in Rakhine State in western Myanmar. In that violence officially 110 people were killed and it left 120,000 people homeless. Those killed and left homeless were mostly stateless Rohingya Muslims.

Interestingly the communal strife was under the wraps during the preceding dictatorial regime. With the efforts to bring in democracy in some form these strife's are coming to surface due to the diverse and plural nature of Myanmar society, which is majority Buddhist but has substantial number of Muslim minorities. Rohingiya Muslims are probably the most persecuted minority in the world. Being a substantial number in Myanmar, they are from Indo-Aryan group, who settled in this part over a period of last couple of centuries, during the British rule, primarily. While the majority Buddhists are of Sino-Tibetan stock.  Muslims live in the Western state of Rakhine state on country's Western border.  They have been adversely affected by the 1982 citizenship law, which has deprived them of the citizenship; there is a total violation of their human rights due to this unjust law. They are subjected to forced labour and have to work for the Government without any pay.  The UNHCR has noted that since 1991 their freedom of movement is restricted. They are treated like second class citizens. Facing this adverse situation of gross violation of their rights many of them are trying to flee to Thailand, Malaysia and other places amongst others.

In 2012, June-July the violence between Rakhine Buddhists and Rohingya Muslims was triggered by the rumour of rape of a Buddhist girl. As such it was a case of Muslim boy and Buddhist girl falling in love and eloping to get married. The boy was murdered and two of his friends who helped him to elope are facing death sentence.

Overall this reflects the unsolved problem of secularization and democracy in the region. The common factor in whole of South Asia is the migration of people for economic reasons, and with independence coming many of the dominating communities wanted to associate citizenship rights based on religion. Due to this some communities got deprived of citizenship formally or informally. Some were relegated to second class citizenship in practice. In Sri Lanka, the large number of Tamils who had gone there as plantation labour was denied equal rights and denied equality leading the extreme reaction in the form of formation of Liberation Tiger of Tamil Elam (LTTE).

In Myanmar 5% of the people are Muslims. Many of them had been the residents of this region from centuries. Denying them full citizenship defies all the logic of a modern democratic state. During the regime of military junta, which ruled the country for decades, a wrong precedent has been set, that of linking citizenship with religion. It requires deeper investigation as to why many a monks have an anti Islamic attitude. One knows similarly many a monks had played anti-Tamil role in Sri Lanka. There must be deeper societal processes which are at work and are usurping the democratic norms of equality of religions. One knows that democracy is coming up in Myanmar after long decades after long battles, but still the remnants of the communal divide are dogging this nascent democracy. In a way this is also the colonial legacy which subtly promoted the divisiveness in the society.

With this violence in Myanmar coming to the fore the whole South Asia has to wake up and come to the grips of the legacy of the colonial past, a legacy perpetuated due to economic and political policies of rulers, rulers who have in a short-sighted manner resorted to abuse of religious identity for their political goals. Some political tendencies have thrived on the identity of religions and spread the 'Hate' about 'other' community. It is retarding the process of development in each of South Asian countries and also putting strong brakes on the same. South Asia should have been striving towards the process of formation of South Asian Federation, which can expedite the processes leading to peace in the sub continent. Regional peace in turn is a prerequisite for development of the regions. We need to look beyond the narrow religious identities and promote the freedom of religion, equality of religions and dignity and honour for people of all the faiths for a better environment in those countries and a more congenial atmosphere for enhancement of human rights of weaker sections of society.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
March 14,2020

New Delhi, Mar 14: Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.

Special excise duty on petrol was hiked by ₹2 to ₹8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.

Additionally, road cess on petrol was raised by ₹1 per litre each on petrol and diesel to ₹10.

The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have necessitated because of slump in international oil prices.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 30,2020

Bengaluru, Jun 30: Karnataka Chief Minister BS Yediyurappa on Monday launched 'Skill Connect Forum' and said that the government is committed to provide impetuous to creating jobs by reviving economic and industrial activities.

The 'Skill Connect Forum' portal connects both private entrepreneurs and job seekers on the same platform.

After launching the forum, the Chief Minister said that the portal provides information on jobs available and who needs a job. "Under this forum, an unemployed will be imparted skills and then enabled to get a job," Yediyurappa said.
Besides providing jobs via registration, the portal also provides a skilled pool of people for those looking to hire, he added.

Deputy Chief Minister Dr CN Ashwath Narayan, who is also the Skill Development Minister said that portal will be a boon to the youth seeking jobs and it will avoid unemployment issue to a great extent.

"All these years, there was no information and communication between job seekers and recruiters. The portal will solve that problem," he said.

Narayan said that there was no proper information on skilled workers and job market. Moreover, skill development was not in sync with the market. All these issues have been addressed by the portal, he added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.