Caste system poses threat to Indian society, says Kannada writer

TNN
May 1, 2019

Mysuru, May 1: Perpetuation of the caste system posed a grave threat to the ethos of India, warned acclaimed Kannada writer Moodnakudu Chinnaswamy here on Tuesday.

Chinnaswamy, participating in a seminar on ‘Ideologies of BR Ambedkar’ organised by the Kuvempu Institute of Kannada Studies, University of Mysore at the BM Shri Auditorium, recalled Ambedkar’s tireless crusade against caste in India, juxtaposing the vision of the architect of India’s Constitution with the importance caste was being accorded in the country today. “India is steeped in caste. Those belonging to the upper castes cling to their communities since it gives them the right to dictate the culture of India. It is those belonging to Dalit communities who should disown their respective castes, and work towards establishing a society without it. Ambedkar said that democracy would not survive on the basis of caste, and showed us the path of The Buddha,” Chinnaswamy said.

The author decried the miserable position that Dalits found themselves in even after seven decades of Independence. “In Ambedkar’s day, Dalits were treated in a manner that was inhuman. It is sad that this culture is still prevalent in today’s society. We are living in a society wherein individuals are not being respected. AMbedkar exhorted citizens to unitedly pull the chariot of equality, but is sad to see the ruling party in New Delhi trying to establish a society entrenched in Brahminical principles, and Dalits and the backward classes are supporting this endeavour. Majority of the country’s wealth rests with around 41% of the upper castes, whereas those belonging to Scheduled Castes/ Scheduled Tribes (SC/STs), who constitute 27% of the Indian population, own just 11% of the nation’s assets. Reservation has not helped them,” added Chinnaswamy.

‘Democracy in India a farce’

Chinnaswamy opined that the existing multi-party system in India had put imperiled democracy in the country. Dubbing democracy as practiced in India a ‘farce’, the author added, “There should be some criteria for candidates to contest the polls. Today, an 80-year-old can contest elections, and can help his grandsons enter the fray at the same time. Ambedkar had warned the country about the danger of unconstitutional methods, describing them as components of Grammar of Anarchy, which is what we are contending with today. Intellectuals are forced to stay silent. On social media platforms, they are reviled. Independent organisations too are silent in India today.”

UoM vice-chancellor Prof G Hemantha Kumar, who inaugurated the seminar, exhorted students and research scholars to imbibe Ambedkar’s principles.

Prof NM Talavar, Nanjaiah Honganuru and Vijayalakshmi Karikal were among those who attended the seminar.

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News Network
January 27,2020

Mumbai, Jan 27: The country's largest car maker Maruti Suzuki India (MSI) on Monday said it has increased prices of select models by up to Rs 10,000 with immediate effect to offset the impact of rising input costs.

The price change varies across models and ranges up to 4.7 per cent (ex-showroom Delhi) and are effective from January, 27 2020, MSI said in a statement.

The price of entry level model Alto range has gone up in the range of Rs 9,000-6,000, S-Presso between Rs 1,500 to 8,000, WagonR between Rs 1,500 and Rs 4,000.

The company has also increased the price of its multi purpose vehicle Ertiga between Rs 4,000-10,000, Baleno by Rs 3,000 to 8,000 and XL6 by up to Rs 5,000 (all prices ex-showroom Delhi).

Currently, the company sells a range of vehicles starting from entry-level small car Alto to premium multi purpose vehicle XL6 with price ranging from Rs 2.89 lakh to Rs 11.47 lakh (ex-showroom Delhi).

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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Agencies
July 19,2020

New Delhi, Jul 19: Indian equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week, according to analysts.

Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.

"With no major event, the ongoing earnings season and global cues will continue to dictate the market trend. Besides, the progress of monsoon will also be closely watched," Ajit Mishra, VP - Research, Religare Broking, said.

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.

With India's COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.

At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.

Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts.

"We would continue witnessing stock-specific action as the earnings season unfold. Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

HDFC Bank will remain in focus on Monday after having announced its June quarter earnings on Saturday.

The lender reported 19.6 per cent rise in its standalone net profit at Rs 6,658.62 crore for April-June 2020; while its income rose to Rs 34,453.28 crore during the quarter.

Other major companies to announce their quarterly results this week are Axis Bank, Bajaj Finance, Hindustan Unilever Limited, Bajaj Auto and ITC.

"Going ahead market participants will closely track the development related to covid vaccine, the rising infection of coronavirus, development on economic activities, corporate earnings and US-China relationship," said Sumeet Bagadia, Executive Director, Choice Broking.

On weekly basis, the Sensex gathered 425.81 points or 1.16 per cent, and the Nifty gained 133.65 points or 1.24 per cent.

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