Vinod Mehta: A rare combination of wit and irreverence

March 8, 2015

New Delhi, March 8: Bringing with him a rare combination of wit and irreverence, 'Lucknow Boy' Vinod Mehta left his indelible imprint as feisty editor of several successful publications in a career spanning over four decades in which he also shone as a best-selling author and an influential TV commentator.

Vinod Mehta 1

Known for his candour, 73-year-old Mehta, who breathed his last at AIIMS today, never shied from taking on the high and mighty and giving space to the contrarian voices like that of Booker awardee Arundhati Roy.

It was his refreshingly free of pomposity approach that lent a distinct flavour to the publications he edited beginning from Debonair, from where he started his career as an editor, to Outlook, of which he was the founder editor.

He rendered literary heft to the monthly men's magazine Debonair, better known for its titilating photographs and racy reads, by doing a series of investigative and serious stories.

His success, he recalled in his memoir Lucknow Boy, led him to "serious journalism", his first love, and he founded India's first weekly newspaper, The Sunday Observer.

From there he went on to edit The Indian Post and The Independent in what was then Bombay.

Mehta then moved to Delhi in the early 1990s, when he became Editor-in-Chief of The Pioneer, but his 17-year helmsmanship of Outlook magazine was his longest tenure.

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The versatile writer had also written well-acclaimed biographies of film actress Meena Kumari and Congress leader and Indira Gandhi's son Sanjay Gandhi, which was relaunched recently.

Criticised by right-wing voices for his liberal values and denunciation of their at times extremist agenda, Mehta mocked himself as a "pseudo-secular" and wrote about abusive mails he would receive in Outlook, which called him "pro-Sonia, pro-Congress, pro-stray dogs, anti-BJP, anti-Hindutva etc, etc."

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He may have his prejudices, he wrote, but he balanced with his professionalism.

"In other words, the basics of my trade impose a discipline which ensures that instinctive or acquired biases are tempered with the simple and clear rules of the profession... Still, I wouldn't claim I am a 100 per cent unbiased editor!," he wrote.

As someone who often made fun of "big egos" of many journalists, it was not without reason that he named his dog 'Editor'.

Vinod Mehta with Editor

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Agencies
March 14,2020

New Delhi, Mar 14: Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.

Special excise duty on petrol was hiked by ₹2 to ₹8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.

Additionally, road cess on petrol was raised by ₹1 per litre each on petrol and diesel to ₹10.

The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have necessitated because of slump in international oil prices.

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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
July 28,2020

Bengaluru, Jul 28: Congress leader Siddaramaiah on Monday alleged that BJP is trying to destabilise the Congress government in Rajasthan.

"It is the duty of the Governor to act according to the decision of the state cabinet. But he is acting like a central government puppet," he said at a protest organised here by Karnataka Pradesh Congress Committee (KPCC).

He said the Congress is protesting across the country to save democracy and save the constitution.

"We are not fighting through violence. We are protesting peacefully. The Constitution has given the right to protest in a democratic system," he said.

He accused the BJP of "being disrespectful" to the Constitution.

"Governments must walk within the framework of the Constitution. The Constitution gives everyone rights and duties. BJP destabilises elected governments and buys our legislators by horse-trading by spending crores of money. The same thing happened in Karnataka as well," he alleged.

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