All the perfumes of Arabia

[email protected] (MARKANDEY KATJU, The Hindu)
February 17, 2013

Narendra Modi is being projected by a large section of Indians as the modern Moses, the one who will lead the beleaguered and despondent Indian people into a land of milk and honey, the man who is best suited to be the next Indian Prime Minister. And it is not just the Bharatiya Janata Party and RSS who are saying this at the Kumbh Mela. A large section of the Indian so-called 'educated' class, including many of our 'educated' youth, who have been carried away by Mr. Modi's propaganda is saying this.
katju

I was flying from Delhi to Bhopal recently. Sitting beside me was a Gujarati businessman. I asked him his opinion of Mr. Modi. He was all praise for him. I interjected and asked him about the killing of nearly 2,000 Muslims in 2002 in Gujarat. He replied that Muslims were always creating problems in Gujarat, but after 2002 they have been put in their place and there is peace since then in the State. I told him this is the peace of the graveyard, and peace can never last long unless it is coupled with justice. At this remark he took offence and changed his seat on the plane.

The truth today is that Muslims in Gujarat are terrorised and afraid that if they speak out against the horrors of 2002 they may be attacked and victimised. In the whole of India, Muslims (who number over 200 million) are solidly against Mr. Modi (though there are a handful of Muslims who for some reason disagree).

Dubious spontaneity

It is claimed by Modi supporters that what happened in Gujarat was only a 'spontaneous' reaction (pratikriya) of Hindus to the killing of 59 Hindus on a train in Godhra. I do not buy this story. First, there is still mystery as to what exactly happened in Godhra. Secondly, the particular persons who were responsible for the Godhra killings should certainly be identified and given harsh punishment, but how does this justify the attack on the entire Muslim community in Gujarat? Muslims are only 9 per cent of the total population of Gujarat, the rest being mostly Hindus. In 2002 Muslims were massacred, their homes burnt, and other horrible crimes committed on them.

To call the killings of Muslims in 2002 a spontaneous reaction reminds one of Kristallnacht in Germany in November 1938, when the entire Jewish community in Germany was attacked, many killed, their synagogues burnt, shops vandalised after a German diplomat in Paris was shot dead by a Jewish youth whose family had been persecuted by the Nazis. It was claimed by the Nazi government that this was only a 'spontaneous' reaction, but in fact it was planned and executed by the Nazi authorities using fanatic mobs.

In terms of historical evolution, India is broadly a country of immigrants and consequently, it is a land of tremendous diversity. Hence, the only policy which can hold it together and put it on the path of progress is secularism — equal respect and treatment to all communities and sects. This was the policy of the great Emperor Akbar, which was followed by our founding fathers (Pandit Nehru and his colleagues) who gave us a secular Constitution. Unless we follow this policy, our country cannot survive for one day, because it has so much diversity, so many religions, castes, languages, ethnic groups.

India, therefore, does not belong to Hindus alone; it belongs equally to Muslims, Sikhs, Christians, Parsees, Jains etc. Also, it is not only Hindus who can live in India as first-rate citizens while others have to live as second or third rate citizens. All are first-rate citizens here. The killing of thousands of Muslims and other atrocities on them in Gujarat in 2002 can never be forgotten or forgiven. All the perfumes in Arabia cannot wash away the stain on Mr. Modi in this connection.

It is said by his supporters that Mr. Modi had no hand in the killings, and it is also said that he had not been found guilty by any court of law. I do not want to comment on our judiciary, but I certainly do not buy the story that Mr. Modi had no hand in the events of 2002. He was the Chief Minister of Gujarat at the time when horrible events happened on such a large scale. Can it be believed that he had no hand in them? At least I find this impossible to believe.

Let me give just one example. Ehsan Jafri was a respected, elderly former Member of Parliament living in the Chamanpura locality of Ahmedabad in Gujarat. His house was in the Gulbarga Housing Society, where mostly Muslims lived. According to the recorded version of his elderly wife Zakia, on February 28, 2002 a mob of fanatics blew up the security wall of the housing society using gas cylinders. They dragged Ehsan Jafri out of his house, stripped him, chopped off his limbs with swords and burnt him alive. Many other Muslims were also killed and their houses burnt. Chamanpura is barely a kilometre from a police station, and less than two kilometres from the Ahmedabad Police Commissioner's office. Is it conceivable that the Chief Minister did not know what was going on? Zakia Jafri has since then been running from pillar to post to get justice for her husband who was so brutally murdered. Her criminal case against Mr. Modi was thrown out by the district court (since the Special Investigation Team appointed by the Supreme Court found no evidence against him and filed a final report), and it is only now (after a gap of over 10 years) that the Supreme Court has set aside the order of the trial court and directed that her protest petition be considered.

I am not going into this matter any further since it is still sub judice.

Mr. Modi has claimed that he has developed Gujarat. It is therefore necessary to consider the meaning of 'development'. To my mind development can have only one meaning, and that is raising the standard of living of the masses. Giving concessions to big industrial houses, and offering them cheap land and cheap electricity can hardly be called development if it does not raise the standard of living of the masses.

Questionable progress

Today, 48 per cent of Gujarati children are malnourished, which is a higher rate of malnourishment than the national average. In Gujarat, there is a high infant mortality rate, high women's maternity death rate, and 57 per cent poverty rate in tribal areas, and among Scheduled Castes/Backward Castes. As stated by Ramachandra Guha in his recent article in The Hindu (“The man who would rule India”, February 8) environmental degradation is rising, educational standards are falling, and malnutrition among children is abnormally high. More than a third of adult men in Gujarat have a body mass index of less than 18.5 — the seventh worst in the country. A UNDP report in 2010 has placed Gujarat after eight other Indian States in multiple dimensions of development: health, education, income levels, etc.

Business leaders no doubt claim that Mr. Modi has created a business friendly environment in Gujarat, but are businessmen the only people in India?

I appeal to the people of India to consider all this if they are really concerned about the nation's future. Otherwise they may make the same mistake which the Germans made in 1933.

(Markandey Katju, a former judge of the Supreme Court, is Chairman of the Press Council of India)

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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
March 3,2020

Facebook on Monday launched a new consumer marketing campaign in India titled 'More Together'. India is the first country in the Asia Pacific region where such a campaign is being rolled out.

It is also the first time that Facebook is rolling out a 'high decibel campaign of this stature in India', the company said in a statement.

It is also the first time that Facebook is rolling out a 'high decibel campaign of this stature in India', the company said in a statement.

"India is at the heart of Facebook and one of our focus areas this year is to tell the exciting story of a service that is deeply embedded in the fabric of India," said Ajit Mohan, Vice President and Managing Director, Facebook India.

The campaign would have multiple campaigns over the next few weeks in eight languages and the one will be set in the context of Holi.

Facebook in 2019 introduced a new company logo to further distinguish the company from the Facebook app.

The company recently announced the appointment of Avinash Pant as the Marketing Director for India operations, to drive the consumer marketing efforts across the family of apps.

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Agencies
March 8,2020

Consumer watchdog Which? has claimed that more than one billion Android phones and tablets are vulnerable to hackers as they no longer supported by security updates.

According to the research report, the most at-risk phones are any that run Android 4 or older and those smartphones running Android 7.0 which can not be updated are also at risk.

Based on data from Google analysed by Which?, two in five android device users around the world are no longer receiving the important updates. Currently, those devices are unlikely to have issues, but the lack of security leaves them open to attack.

"It is very concerning that expensive Android devices have such a short shelf life before they lose security support, leaving millions of users at risk of serious consequences if they fall victim to hackers," Kate Bevan editor Which? said in a statement.

"Google and phone manufacturers need to be upfront about security updates with clear information about how long they will last and what customers should do when they run out. The government must also push ahead with planned legislation to ensure manufacturers are far more transparent about security updates for smart devices and their impact on consumers," Kate added.

Android phone released around 2012 or earlier, including popular models like the Samsung Galaxy S3 and Sony Xperia S, are particularly at risk to hackers.

Which? has made suggestions to Android users on what to consider if they have an older phone that may be at risk.

Any Android device which is more than two years old, check whether it can be updated to a newer version of the operating system. If it is on an earlier version than Android 7.0 Nougat, try to update via Settings> System>Advanced System update.

In case a user is not able tto update the phone, the device could be at risk of being hacked if it is running a version of Android 4 or lower.

A user also need to be careful about downloading apps outside the Google Play store and should also install a mobile anti-virus via an app.

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