Ph.D. holder jobless after eight years in prison

[email protected] (Meena Menon for The Hindu )
May 1, 2013

DR__ANWAR_ALIThere have been some famous prison memoirs, but Dr. Anwar Ali Javed Ali Khan's took an educational tack. His book “Learn Urdu in 30 days,” now into its third edition, is quite popular and he gets requests from as far as the U.S. for this primer of sorts. If Dr. Khan didn't pour out grim reminiscences of his eight years in prison after his arrest on terror charges, that's because he's the man he is. He completed his PhD while in jail by getting a court order to give his viva at the University of Pune under police escort and helped fellow under-trials draft their bail and other applications.

“I helped so many people with my drafting skills and they were released on bail,” says Dr. Khan, 47, a former lecturer in Urdu at the National Defence Academy (NDA), which terminated his services a day after his arrest on May 11, 2003, for his suspected involvement in the Mulund bomb blast in March in Mumbai. He was later charged with the Ghatkopar and Vile Parle blasts too.

He was discharged, along with eight others, from the Ghatkopar case on March 4, 2004, by the special judge to try cases under the Prevention of Terrorism Act (POTA) for want of sufficient grounds to proceed against them. The prosecutor submitted that they “could not be connected with sufficient material so as to furnish sufficient ground to prosecute them.”

However, Dr. Khan says as soon as he was released from jail, he was re-arrested for the Mulund and Vile Parle bomb blasts case which has been dragging on. He managed to secure bail only in February 28, 2011, after eight bail applications which he drafted himself. “I knew my case, it was so easy to prove how baseless it was,” he points out.

Despite an unforgettable stay in prison, he still has faith in the judiciary, but his chances of getting a job are dim. He was denied one as an Urdu lecturer due to his “terror” connections and he has little hope now that he will ever be employed. He and his family, including three children and his mother, subsist on proceeds from his bestselling book, tuitions and odd jobs. “Teaching is a passion for me; even in jail I missed it so much. I like to teach in a classroom environment,” he says.

He was appointed as a lecturer in Urdu in the NDA in 1996, but on a temporary basis. All was well till 2003. “Some policemen came to my house and left a message asking me report to Mumbai — I went on May 9 and they questioned me for many hours. They asked my advocate to leave and formally arrested me on May 11,” he says. Dr. Khan and another suspect Saqib Nachen, who was released after 10 years in jail, had decided to form a legal aid cell — the Muslim Legal Aid and Welfare Foundation in 2002 and it was in the initial stages of planning. “We wanted a board of patrons and had three meetings. During the initial questioning, the police wanted to know about the meetings. I told them we didn't plan any bomb blast,” Dr. Khan says. Obviously the police thought otherwise.

Dr. Khan says the police accused him under the Arms Act as well because they recovered “a pistol from his flat in Pune.”

“That flat was locked for over a year and they took the keys from my mother who was living with me after my father died. They claim the pistol was in the kitchen,” he says.

After writing his book, he got permission from the court to get it published in 2009. His PhD thesis, a critical analysis of Allama Mehvi Siddiqui — a poet from Lucknow — was ready in 2002. “I was only waiting for the viva and that was a struggle too. The University of Pune refused to conduct it till I wrote to the Minority Commission. They didn't give me bail — finally I went with police escort,” he says.

It was in 2007 that he was awarded his doctorate and he was permitted to attend the convocation. “Lord Meghnad Desai was the chief guest,” he recalls. While the police say the three meetings of the Foundation were linked to the blasts, they haven't been able to produce evidence as yet to link Dr. Khan to the conspiracy.

He says the NDA terminated his services for absenteeism. “I didn't have an opportunity to explain,” he adds.

When he went to jail, Dr. Khan remembers that no one believed the police and people were very supportive. “In fact, one policeman told me that since I had a lot of respect in Pune, I should be paraded on the streets with handcuffs,” he says.

“I wasn't expecting to be arrested and arraigned. It took time for me to adjust and I tried to mentally prepare myself for the ordeal. Jail is a life of deprivation. I missed everything — my family, teaching…” he says. But the one thing he did catch up on was reading fiction. They were allowed newspapers and he would mark the top fiction books and ask his wife to bring them. His favourite author is Dan Brown and now he reads thrillers when he gets time. He still has to report to the local police station every 15 days but for one and a half years, he used to mark daily attendance.

After his release on bail, Dr. Khan and others filed for Rs. five lakh compensation each, but the POTA judge told them to approach the State government. He has to get around to doing that. The NDA has not yet responded to emailed questions seeking clarification on the issue.

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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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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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News Network
July 24,2020

Melbourne, Jul 24: Home-made cloth face masks may need a minimum of two layers, and preferably three, to prevent the dispersal of viral droplets associated with Covid-19, according to a study.

Researchers, including those from the University of New South Wales in Australia, noted that viral droplets are generated by those infected with the novel coronavirus when they cough, sneeze, or speak.

As face masks have been proven to protect healthy people from inhaling infectious droplets as well as reducing the spread from those who are already infected, several types of material have been suggested for these, but based on little or no evidence of how well they work, the scientists said.

In the current study, published in the journal Thorax, the researchers compared the effectiveness of single and double-layer cloth face coverings with a surgical face mask (Bao Thach) at reducing droplet spread.

They said the single layer covering was made from a folded piece of cotton T shirt and hair ties, and the double layer covering was made using the sew method described by the US Centers for Disease Control and Prevention (CDC).

The scientists used a tailored LED lighting system and a high-speed camera to film the dispersal of airborne droplets produced by a healthy person with no respiratory infection, during speaking, coughing, and sneezing while wearing each type of mask.

Their analysis showed that the surgical face mask was the most effective at reducing airborne droplet dispersal, although even a single layer cloth face covering reduced the droplet spread from speaking.

But the study noted that a double layer covering was better than a single layer in reducing the droplet spread from coughing and sneezing.

According to the researchers, the effectiveness of cloth face masks is dependent on the number of layers of the covering, the type of material used, design, fit as well as the frequency of washing.

Based on their observations, they said a home made cloth mask with at least two layers is preferable to a single layer mask.

"Guidelines on home-made cloth masks should stipulate multiple layers," the scientists said, adding that there is a need for more research to inform safer cloth mask design.

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