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
June 9,2020

New Delhi, Jun 9: Petrol price on Tuesday was hiked by 54 paise per litre and diesel by 58 paise a litre - the third straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 73.00 per litre from 72.46, while diesel rates were increased to Rs 71.17 a litre from Rs 70.59, according to a price notification of state oil marketing companies.

This is the third daily increase in rates in a row. Oil companies had on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

Prices were raised by 60 paise per litre each on both petrol and diesel on Sunday as well as on Monday. In all, petrol price has gone up by Rs 1.74 per litre and diesel by Rs 1.78 a litre in three days.

Oil PSUs - Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) - had put daily price revisions on hold soon after the government on March 14, hiked excise duty on petrol and diesel by Rs 3 per litre each.

Oil companies did not pass on that excise duty hike, as well as the May 6 increase in tax on petrol by Rs 10 per litre and Rs 13 a litre hike on diesel by setting them off against the decline in retail prices that should have effected to reflect international oil rates falling to two-decade low.

International rates have since rebounded and oil companies having exhausted all the margin are now passing on the increase to customers, an industry official said.

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News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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News Network
February 5,2020

Chennai, Feb 5: The popular cine actor Rajinikanth has defended the Union Government on the Citizenship Amendment Act, saying it will not affect the Indian Muslims.

In a brief interaction with reporters this morning in Chennai, the matinee idol said if the Muslims are affected by the CAA, he would be at the forefront in their defence. He asked how will the legislation affect the Indian Muslims when they chose to stay back in the country to make it their motherland. Mr Rajinikanth also supported the National Population Register saying it has been in force even in the past.

On the NRC, Mr Rajinikanth said the Government has already made it clear that its nationwide rollout has not been even discussed so far. Mr Rajinikanth is nourishing political ambitions and has made it clear that he would plunge into politics ahead of the Tamil Nadu Assembly Elections in the state which is due in 2021.

Comments

Arif
 - 
Wednesday, 5 Feb 2020

This law violates the fundamentals of the Indian constitution. Whey they are seeing the Muslims angle first?

 

It looks that they are misinforming the public by diverting into a Muslim only issue. If that was the case, why so many non-Muslims are protesting? I looks like Rajini has back-end support to the center's CAA move.

 

Suresh SS
 - 
Wednesday, 5 Feb 2020

He is another crack, hamare desh main pagal logon ki kami nahi

Wellwisher
 - 
Wednesday, 5 Feb 2020

What can expect from ex KSRTC bus conductor

 

 
clear sign of ZERO knowedge with Indian constitution.

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