Will note ban decide UP polls?

[email protected] (Geeta Pandey)
February 17, 2017

Feb 17: In November last year, Prime Minister Narendra Modi stunned the country by announcing that Rs 500 and Rs 1,000 notes were as good as garbage. Despite his insistence that the ban was meant to curb black money and put terrorists out of business, many analysts said it was motivated by politics rather than economics, and done with an eye on the Uttar Pradesh (UP) elections.note

Since the rise of the regional Samajwadi Party (SP) and Bahujan Samaj Party (BSP) in the late 1990s, national parties — the Congress and the BJP — have been often relegated to third and fourth positions in the state. This time around, the Congress has joined the governing SP as a junior partner in an alliance, and the BJP is making an all out effort to win back the state.

In the past few days, I've travelled through several districts in the state to ask people if the currency ban or “notebandi” (Hindi for stopping of notes) here - is an election issue.

The “notebandi” has without doubt touched every life, in the big cities, smaller towns and tiny villages, and everyone talks about the problems they've faced. But will it impact the way people vote? In the main market in Barabanki town, not far from the state capital, Lucknow, the trading community is seething at the “BJP's betrayal”.

Traders have traditionally supported the BJP, and in the past they have also contributed generously to party funds. But this time, they tell me they will not vote for the party. “Notebandi is the biggest issue here,” says Santosh Kumar Gupta, who along with his brothers, runs the family hardware store. “The public has been really hassled. The government set limits on withdrawals and even those little amounts were unavailable because banks had no money.”

Gupta points out that in his address to the nation, the prime minister said the government had been planning for it for six months and that people would face minor problems.

“But there were lots of problems. Isn't he ashamed of lying?” he asks angrily. “Police used sticks to beat up people waiting in queues to withdraw their own hard-earned money. All small manufacturing units in Barabanki shut down for weeks. Thousands became unemployed.”

“There's a labour market a few metres from our shop and every morning, nearly 500 daily wage labourers from the nearby villages would gather to look for work, but for the first time, we saw there were no takers for them.” His brother Manoj Kumar Jaiswal adds: “Traders are very angry with Modi. He first said it was done to curb black money.

Then he said it was done to promote digital economy. “You can use credit cards and (popular mobile wallet) Paytm in cities like Delhi and Mumbai, not in Barabanki. People here are illiterate, many don't have bank accounts or credit cards.” The Gupta family has 10 voters and not one will opt for the BJP.

In Gosaiganj, on the outskirts of Lucknow, I stop to talk to people gathered at a tea stall. Raja Ram Rawat, a 60-year-old widower, lives with his two sons and four grandchildren. The small plot of land he owns is not sufficient to support the family and his sons work as daily wagers to supplement the family income. “Since November 8, they've not been able to find work even for one day,” he says. I ask him how they are managing. “Earlier if we bought two kilograms of vegetables, now we buy only one. That's how we are managing.”

A farmer in the group, Kallu Prasad, compares the ban to “poison” for his community - it came just as the rice crop had been harvested and the sowing season had begun for wheat, mustard and potatoes. “Normally we sell a kilo of rice for Rs 14, but this time we had to sell it for Rs 8 or Rs 9. We couldn't buy seeds and pesticides in time. Farmers who grew vegetables were the worst affected. Since people had no money to buy vegetables, they had to just throw them away.”

In the holy city of Varanasi, walking through the narrow lanes of Lallapura area, where homes sit cheek by jowl, one cannot escape the noise of the looms. Here, every home is a tiny factory where weavers work in semi-darkened rooms, using coloured silk threads to create beautiful patterns. Varanasi is famous for its hand woven silk and cotton saris and nearly a million people make their living from this cottage industry here.

“It was like we were hit by a bolt of lightning,” says factory owner Sardar Mohd Hasim, describing the moment of Modi's announcement. Hasim, who represents 30,000 weavers, says initially “about 90% of the industry” was affected since all their transactions happen in cash.

Looms still shut
“We had no cash to buy raw materials, we had no cash to pay wages to the workers. Nearly three months later, all my 24 looms are still shut. Most of my weavers are doing other jobs to earn a living.”

Varanasi has eight assembly constituencies, and Hasim insists that BJP will not win even one. “Why would anyone now vote for Modi?” he asks. One of his former workers, 40-year-old Mangru Prajapati, who is now back to work in Hasim's brother's loom, agrees. He's the sole breadwinner for his family of eight.

Rajan Behal, trader and leader of the organisation that represents traders, weavers and sellers, calls it a “major disaster”. The ban, he says, couldn't have come at a worse time - November to February is the wedding season when sales peak, but this year it's been a wipe-out. A long-time BJP supporter, Behal refuses to say who he will vote for but predicts that Modi “will not win enough seats to be able to form a government in the state”.

It's an assessment challenged by senior BJP leader in the state Vijay Pathak, who pegs the party's chances of winning at “101%”. He says that there were difficulties in the implementation of the currency ban, but insists that they have been able to convince the voters that it was done in the nation's interest. “We started our campaign with the aim to win more than 265 of the 403 seats. Now we believe we will cross 300.”

That, he says, is because people have faith in “the man who's taking the decisions” - the prime minister. On this count, he's right - Modi's personal stock remains high, especially with the youth. In Kukha Rampur village in Tiloi constituency in Amethi district, 21-year-old Tanu Maurya says she will vote for Modi because he is “doing good work” and that the note ban was “a good decision even if it caused some hardships in the short term”.

Since his sweep of the 2014 general election, Modi has not had much luck in state elections and he's desperate to reverse that losing trend. A victory in the politically key state of Uttar Pradesh would be a huge shot in the arm for Modi and his party.

But will the rupee ban help him or hurt his chances? When the votes are counted on March 11, we will know whether it was a masterstroke or a miscalculation.

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Agencies
June 8,2020

Washington DC, Jun 8: Astronomers acting on a hunch have likely resolved a mystery about young, still-forming stars and regions rich in organic molecules closely surrounding some of them.

They used the National Science Foundation's Karl G Jansky Very Large Array (VLA) to reveal one such region that previously had eluded detection and that revelation answered a longstanding question.

The regions around the young protostars contain complex organic molecules which can further combine into prebiotic molecules that are the first steps on the road to life.

The regions, dubbed "hot corinos" by astronomers, are typically about the size of our solar system and are much warmer than their surroundings, though still quite cold by terrestrial standards.

The first hot corino was discovered in 2003 and only about a dozen have been found so far. Most of these are in binary systems, with two protostars forming simultaneously.

Astronomers have been puzzled by the fact that, in some of these binary systems, they found evidence for a hot corino around one of the protostars but not the other.

"Since the two stars are forming from the same molecular cloud and at the same time, it seemed strange that one would be surrounded by a dense region of complex organic molecules and the other wouldn't," said Cecilia Ceccarelli, of the Institute for Planetary Sciences and Astrophysics at the University of Grenoble (IPAG) in France.

The complex organic molecules were found by detecting specific radio frequencies, called spectral lines, emitted by the molecules. Those characteristic radio frequencies serve as "fingerprints" to identify the chemicals.

The astronomers noted that all the chemicals found in hot corinos had been found by detecting these "fingerprints" at radio frequencies corresponding to wavelengths of only a few millimetres.

"We know that dust blocks those wavelengths, so we decided to look for evidence of these chemicals at longer wavelengths that can easily pass through dust," said Claire Chandler of the National Radio Astronomy Observatory, and principal investigator on the project.

"It struck us that dust might be what was preventing us from detecting the molecules in one of the twin protostars," added Chandler.

The astronomers used the VLA to observe a pair of protostars called IRAS 4A, in a star-forming region about 1,000 light-years from Earth. They observed the pair at wavelengths of centimetres.

At those wavelengths, they sought radio emissions from methanol, CH3OH (wood alcohol, not for drinking). This was a pair in which one protostar clearly had a hot corino and the other did not, as seen using the much shorter wavelengths.

The result confirmed their hunch. "With the VLA, both protostars showed strong evidence of methanol surrounding them. This means that both protostars have hot corinos. The reason we did not see the one at shorter wavelengths was because of dust," said Marta de Simone, a graduate student at IPAG who led the data analysis for this object.

The astronomers cautioned that while both hot corinos now are known to contain methanol, there still may be some chemical differences between them. That, they said, can be settled by looking for other molecules at wavelengths not obscured by dust.

"This result tells us that using centimetre radio wavelengths is necessary to properly study hot corinos," Claudio Codella of Arcetri Astrophysical Observatory in Florence, Italy, said.

"In the future, planned new telescopes such as the next-generation VLA and SKA, will be very important to understanding these objects," added Codella.

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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 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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