An open letter to Narendra Modi

[email protected] (Gopalkrishna Gandhi, The Hindu)
May 19, 2014

New Delhi, May 19: Let this historic win be followed by a historic innings, which stuns the world by surprises your supporters may not want of you but many more would want to see you unfurl, writes Gopalkrishna Gandhi.Gopalkrishna Gandhi

Dear Prime Minister-designate,

This comes with my hearty felicitations. I mean and say that in utter sincerity, which is not very easy for me to summon, because I am not one of those who wanted to see you reach the high office that you have reached. You know better than anyone else, that while many millions are ecstatic that you will become Prime Minister, many more millions may, in fact, be disturbed, greatly disturbed by it.

Until recently I did not believe those who said you were headed there. But, there you are, seated at the desk at which Jawaharlal Nehru sat, Lal Bahadur Shastri did, and, after a historic struggle against Indira Gandhi's Emergency, another Gujarati, Morarji Desai did, as did later, your own political mentor, Atal Bihari Vajpayee. Those who did not want you there have to accept the fact that you are there.

Despite all my huge misgivings about your deserving that rare privilege, I respect someone coming from so sharply disadvantaged a community and family as yours, becoming Prime Minister of India. That fulfils, very quintessentially, the vision of our egalitarian Constitution.

Revisting the idea of desh

When some spoke rashly and derisively of your having been a “chaiwala,” I felt sick to my stomach. What a wonderful thing it is, I said to myself, that one who has made and served chai for a living should be able to head the government of India. Far better bearing a pyala to many than being a chamcha to one.

But, Mr. Modi, with that said, I must move to why your being at India's helm disturbs millions of Indians. You know this more clearly than anyone else that in the 2014 election, voters voted, in the main, for Modi or against Modi. It was a case of “Is Narendra Modi the country's best guardian — desh ka rakhvala — or is he not?” The BJP has won the seats it has because you captured the imagination of 31 per cent of our people (your vote share) as the nation's best guardian, in fact, as its saviour. It has also to be noted that 69 per cent of the voters did not see you as their rakhvala. They also disagreed on what, actually, constitutes our desh. And this — the concept of desh — is where, Mr. Modi, the Constitution of India, upon the authority of which you are entering the office of Prime Minister, matters. I urge you to revisit the idea of desh.

Reassuring the minorities

In invoking unity and stability, you have regularly turned to the name and stature of Sardar Vallabhbhai Patel. The Sardar, as you would know, chaired the Constituent Assembly's Committee on Minorities. If the Constitution of India gives crucial guarantees — educational, cultural and religious — to India's minorities, Sardar Patel has to be thanked, as do other members of that committee, in particular Rajkumari Amrit Kaur, the Christian daughter of Sikh Kapurthala. Adopt, in toto, Mr. Modi, not adapt or modify, dilute or tinker with, the vision of the Constitution on the minorities. You may like to read what the indomitable Sardar said in that committee.

Why is there, in so many, so much fear, that they dare not voice their fears?

It is because when you address rallies, they want to hear a democrat who carries the Peoplehood of India with him, not an Emperor who issues decrees. Reassure the minorities, Mr. Modi, do not patronise them. “Development” is no substitute to security. You spoke of “the Koran in one hand, a laptop in the other,” or words to that effect. That visual did not quite reassure them because of a counter visual that scares them — of a thug masquerading as a Hindu holding a Hindu epic's DVD in one hand and a minatory trishul in the other.

In the olden days, headmasters used to keep a salted cane in one corner of the classroom, visible and scary, as a reminder of his ability to lash the chosen skin. Memories, no more than a few months old, of the riots in Muzaffarnagar which left at least 42 Muslims and 20 Hindus dead and displaced over 50,000 persons, are that salted cane. “Beware, this is what will be done to you!” is not a threat that anyone in a democracy should fear. But that is the message that has entered the day's fears and night's terrors of millions.

It is in your hands, Mr. Modi, to dispel that. You have the authority and the power to do that, the right and the obligation as well. I would like to believe that, overcoming small-minded advice to the contrary, you will dispel that fear.

All religious minorities in India, not just the Muslim, bear scars in their psyche even as Hindus and Sikhs displaced from West Punjab, and Kashmiri Pandits do. There is the fear of a sudden riot caused with real or staged provocation, and then returned with multiplied retribution, targeted very specially on women. Dalits and Adivasis, especially the women, live and relive humiliation and exploitation every minute of their lives. The constant tug of unease because of slights, discrimination, victimisation is de-citizenising, demoralising, dehumanising. Address that tug, Mr. Modi, vocally and visibly and win their trust. You can, by assuring them that you will be the first spokesman for their interests.

No one should have the impudence to speak the monarchist language of uniformism to a republic of pluralism, the vocabulary of “oneness” to an imagination of many-nesses, the grammar of consolidation to a sensibility that thrives in and on its variations. India is a diverse forest. It wants you to nurture the humus that sustains its great variety, not place before it the monochromatic monoculturalism of a political monotheism.

What has been taken as your stand on Article 370 of the Constitution, the old and hackneyed demand for a Uniform Civil Code, the Ram Mandir in Ayodhya, and what the media have reported as your statements about “Hindu refugees” in our North and North-West and “Muslim refugees” in our East and North-East, strikes fear, not trust. Mass fear, Mr. Modi, cannot be an attribute of the Republic of India. And, as Prime Minister of India, you are the Republic's alter ego.

India's minorities are not a segment of India, they are an infusion in the main. Anyone can burn rope to cinder, no one can take the twist out of it. Bharat mata ki jai, sure, Mr. Modi, but not superseding the compelling urgency of Netaji Subhas Chandra Bose's clarion — Jai Hind!

A historic win it has been for you, Mr. Modi, for which, once again, congratulations. Let it be followed by a historic innings, which stuns the world by surprises your supporters may not want of you but many more would want to see you unfurl. You are hugely intelligent and will not mind unsolicited but disinterested advice of one from an earlier generation. Requite the applause of your support-base but, equally, redeem the trust of those who have not supported you. When you reconstitute the Minorities Commission, ask the Opposition to give you all the names and accept them without change. And do the same for the panels on Scheduled Castes and Tribes, and Linguistic Minorities. And when it comes to choosing the next Chief Information Commissioner, the next CAG, CVC, go sportingly by the recommendation of the non-government members on the selection committee, as long as it is not partisan. You are strong and can afford such risks.

Addressing the southern deficit

Mr. Modi, there is a southern deficit in your India calculus. The Hindi-belt image of your victory should not tighten itself into a North-South divide. Please appoint a deputy prime minister from the South, who is not a politician at all, but an expert social scientist, ecologist, economist or a demographer. Nehru had Shanmukham Chetty, John Mathai, C.D. Deshmukh and K.L. Rao in his cabinet. They were not Congressmen, not even politicians. Indira Gandhi had S. Chandrashekhar, V.K.R.V. Rao. I cannot, for the life of me, understand why the UPA did not make Professor M.S. Swaminathan and Shyam Benegal, both nominated members in the Rajya Sabha, ministers. There is a convention, one may even say, a healthy convention, that nominated members should not be made ministers. But exigencies are exigencies. Professor Nurul Hasan, a nominated member, was one of the best Ministers of Education we have had.

Imperial and ideological exemplars appeal to you. So, be Maharana Pratap in your struggle as you conceive it, but be an Akbar in your repose. Be a Savarkar in your heart, if you must, but be an Ambedkar in your mind. Be an RSS-trained believer in Hindutva in your DNA, if you need to be, but be the Wazir-e-Azam of Hindostan that the 69 per cent who did not vote for you, would want you to be.

With every good wish as you take your place at the helm of our desh,

I am, your fellow-citizen,

Gopalkrishna Gandhi

(The writer is a former administrator and diplomat. He was Governor of West Bengal, 2004-2009, and officiating Governor of Bihar, 2005-2006.)

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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.

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Agencies
February 6,2020

Washington D.C., Feb 6: An international team of astronomers has found an unusual monster galaxy that existed about 12 billion years ago when the universe was only 1.8 billion years old.

The team of astronomers was led by scientists at the University of California, Riverside.

Dubbed XMM-2599, the galaxy formed stars at a high rate and then died. Why it suddenly stopped forming stars is unclear.

"Even before the universe was 2 billion years old, XMM-2599 had already formed a mass of more than 300 billion suns, making it an ultra massive galaxy," said Benjamin Forrest, a postdoctoral researcher in the UC Riverside Department of Physics and Astronomy and the study's lead author.

"More remarkably, we show that XMM-2599 formed most of its stars in a huge frenzy when the universe was less than 1 billion years old and then became inactive by the time the universe was only 1.8 billion years old," Forrest added.

The team used spectroscopic observations from the W. M. Keck Observatory's powerful Multi-Object Spectrograph for Infrared Exploration or MOSFIRE, to make detailed measurements of XMM-2599 and precisely quantify its distance.

The study results appear in the Astrophysical Journal.

"In this epoch, very few galaxies have stopped forming stars, and none are as massive as XMM-2599," said Gillian Wilson, a professor of physics and astronomy at UCR in whose lab Forrest works.

"The mere existence of ultramassive galaxies like XMM-2599 proves quite a challenge to numerical models. Even though such massive galaxies are incredibly rare at this epoch, the models do predict them."

"The predicted galaxies, however, are expected to be actively forming stars. What makes XMM-2599 so interesting, unusual, and surprising is that it is no longer forming stars, perhaps because it stopped getting fuel or its black hole began to turn on. Our results call for changes in how models turn off star formation in early galaxies," the professor stated.

The research team found XMM-2599 formed more than 1,000 solar masses a year in stars at its peak of activity -- an extremely high rate of star formation. In contrast, the Milky Way forms about one new star a year.

"XMM-2599 may be a descendant of a population of highly star-forming dusty galaxies in the very early universe that new infrared telescopes have recently discovered," said Danilo Marchesini, an associate professor of astronomy at Tufts University and a co-author on the study.

"We have caught XMM-2599 in its inactive phase," Wilson said, who led the W. M. Keck Observatory data acquisition
Co-author Michael Cooper, a professor of astronomy at UC Irvine, said this outcome is a strong possibility.

"Perhaps during the following 11.7 billion years of cosmic history, XMM-2599 will become the central member of one of the brightest and most massive clusters of galaxies in the local universe," he said.

"Alternatively, it could continue to exist in isolation. Or we could have a scenario that lies between these two outcomes," he stated.

The study was supported by grants from the National Science Foundation and NASA.

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Agencies
June 24,2020

New Delhi, Jun 24: The Centre has made it mandatory for sellers to enter the 'Country of Origin' while registering all new products on government e-marketplace (GeM).

The e-marketplace is a special purpose vehicle (SPV) under the Ministry of Commerce and Industry which facilitates the entry of small local sellers in public procurement, while implementing 'Make in India' and MSE Purchase Preference Policies of the Centre.

Accordingly, the ministry said the move has been made to promote 'Make in India' and 'Atma Nirbhar Bharat'.

The provision has been enabled via the introduction of new features on GeM.

Besides the registration process, the new feature also reminds sellers who have already uploaded their products, to disclose their products' 'Country of Origin' details.

The ministry further said that failing to disclose the detail will lead to removal of the products from the e-marketplace.

"GeM has taken this significant step to promote 'Make in India' and 'Aatmanirbhar Bharat'," the ministry said in a statement.

"GeM has also enabled a provision for indication of the percentage of local content in products. With this new feature, now, the 'Country of Origin' as well as the local content percentage are visible in the marketplace for all items. More importantly, the 'Make in India' filter has now been enabled on the portal. Buyers can choose to buy only those products that meet the minimum 50 per cent local content criteria."

In case of bids, the ministry said that buyers can now reserve any bid for a "Class I Local suppliers. For those bids below Rs 200 crore, only Class I and Class II Local Suppliers are eligible to bid, with Class I supplier getting purchase preference".

In addition to this, the Department for Promotion of Industry and Internal Trade (DPIIT) has reportedly called for a meeting with all e-commerce companies such as Amazon and Flipkart to display the country of origin on the products sold on their platform, as well as the extent of value added in India.

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