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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Agencies
July 6,2020

The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70% startups.

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, it says.

In a nationwide survey on the 'Impact of Covid-19 on Indian Startups' involving 250 startups, 70% participants said their businesses had been impacted by Covid-19 and around 12% had shut operations.

The survey shows only 22% startups have cash reserves to meet the fixed cost expenses over the next 3-6 months, and 68% are reducing operational and administrative expenses.

Around 30% of the companies said they would retrench employees if the lockdown was extended too long. The 43% startups have already started 20-40% salary cuts over April-June.

Over 33% startups said investors had put the investment decision on hold and 10% said the deals had been scrapped. Only 8% startups had received funds as per the deals signed before Covid-19 outbreak, the survey revealed.

The reduced funding has forced startups to put a hold on business development and manufacturing activities, which has resulted in loss of projected orders.

The survey highlights the need of an urgent relief package for startups, including possible purchase orders from the government, tax relief and swifter tax refunds, and immediate fiscal support measures, including grants, soft loans and payroll grants.

Besides 250 startups, 61 incubators and investors also participated in the survey.

While 96% of investors accepted that their investments in startups had been impacted by Covid-19, 92% said their investments in startups would continue to be low over the next six months.

Around 59% investors said they would prefer to work with the existing portfolio firms in the coming months. Only 41% said they would consider new deals.

"A comparison of priority investment sectors before and during Covid-19 shows 35% investors are now looking at investments in healthcare startups, followed by EdTech, AI/Deep Tech, FinTech and Agri," said the survey.

Around 44% incubators surveyed said their day-to-day operations had been considerably hit by Covid-19. Most incubators are now supporting their portfolio firms by providing them virtual platforms to interact with mentors, investors and industries.

Dilip Chenoy, FICCI Secretary General, said, "The startup sector is stressed for survival at the moment. The investment sentiment is also subdued and is expected to remain so in the coming months. Lack of working capital and cash flows may lead to major layoffs over the next 3-6 months."

Indian startups needed an enabling ecosystem and flow of funds to continue operations, the survey said.

Padmaja Ruparel, President, Indian Angel Network & Co-Chair of FICCI Startup Committee, said, "In these uncertain times, as investors, we must play an important role to provide the Indian startups funding, mentoring and hand-holding support to stay afloat and come out at the other end of this crisis."

To that end, IAN recently announced a debt fund to help IAN portfolio companies raise working capital and ensure business continuity by partnering with debt providers.

This must be replicated on a wider scale, so a larger number of startups are provided the capital support to make it during these tough times, Ruparel said.

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Agencies
May 10,2020

In the wake of the gas leak at a factory in Visakhapatnam, the National Disaster Management Authority (NDMA) has issued detailed guidelines for restarting industries after the lockdown and the precautions to be taken for the safety of the plants as well as the workers.

In a communication to all states and union territories, the NDMA said due to several weeks of lockdown and the closure of industrial units, it is possible that some of the operators might not have followed the established standard operating procedures.

As a result, some of the manufacturing facilities, pipelines, valves may have residual chemicals, which may pose risk. The same is true for the storage facilities with hazardous chemicals and flammable materials, it said.

The NDMA guidelines said while restarting a unit, the first week should be considered as the trial or test run period after ensuring all safety protocols.

Companies should not try to achieve high production targets. There should be 24-hour sanitisation of the factory premises, it said.

The factories need to maintain a sanitisation routine every two-three hours especially in the common areas that include lunch rooms and common tables which will have to be wiped clean with disinfectants after every single use, it added.

For accommodation, the NDMA said, sanitisation needs to be performed regularly to ensure worker safety and reduce the spread of contamination.

To minimise the risk, it is important that employees who work on specific equipment are sensitised and made aware of the need to identify abnormalities like strange sounds or smell, exposed wires, vibrations, leaks, smoke, abnormal wobbling, irregular grinding or other potentially hazardous signs which indicate the need for immediate maintenance or if required shutdown, it said.

At least 11 people lost their lives and about 1,000 others were exposed to a gas leak at a factory in Andhra Pradesh''s Visakhapatnam on May 7.

The incident took place after it restarted operations when the government allowed industrial activities in certain sectors following several weeks of lockdown.

The lockdown was first announced by Prime Minister Narendra Modi on March 24 for 21 days in a bid to combat the coronavirus threat. The lockdown was then extended till May 3 and again till May 17.

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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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