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Is India on the brink of an economic crisis?

Air, petro, telephony and job crises are putting the country at risk. The US nonchalance is adding to India’s economic concern. The US, at the back of withdrawal of zero-duty entry for Indian exports, imposed the sanctions prohibiting purchase of oil from Iran. It is a move said to exert maximum pressure on Iran for following US dictat on nuclear issues. The Donald Trump administration pulled out of the landmark 2015 nuclear deal.

The move hurts India the most as Iran is the fourth-largest oil supplier after Iraq and Saudi Arabia. Iran supplied 23.5 million tonnes of crude oil in 2018-19 at a price and credit facilities no other suppliers offer. India imports 80 percent of its oil and 40 percent of gas. Domestic production has been declining for the last few years. The US move will further increase the oil prices. It will lead to severe inflationary situation in India. The US move is designed to benefit itself and its stakes in its allies. Indian diplomacy of hugging dignitaries has not helped itself.

Another detrimental impact on the economy is due to Jet Airways grounding and the deepening crisis of Air India. Air fares are shooting up at a time when Indian railways, despite efforts, is not performing at its best. The cost of travel and goods transportation is shooting up. Even international travel is bleeding airlines due to Pakistan ban on its airspace. It also reduces India’s capacity.

The Jet is a classic case. It shows that seemingly thriving organisations may be in the throes of a crisis. The BSNL, the official, telecommunication backbone is losing on its clientele because of poor services and heavy losses. The management says they do not have the cash flow to pay salaries to its 1.68 lakh employees. A sick BSNL, with about Rs 90,000 crore losses, according to Kotak Equities, may end the affordable communication and digital boom that the country has seen for the past few years.

Another classic case is of the international oil giant public sector ONGC. It was developed since 1950s as key to energy security. The Congress regimes since 1990s chipped away at the company in favour of private businesses looking to dig into profitable oil and gas sector. In 1992-93, 28 prime oil and gas fields discovered and developed by ONGC, despite protests from think tanks like planning commission, were given away to private businesses for a pittance. The government in 1991 forced ONGC to take a loan of $ 450 million from the World Bank. The WB told ONGC and Oil India to go into joint ventures with private and foreign capital, an unnecessary condition. That was the beginning. In between a private company virtually drilled out gas from ONGC field. The litigation has not helped ONGC. It was also forced to shell out Rs 8,000 crore to help loss making Gujarat State Petroleum Corporation to exit the Krishna Goadavari basin in 2016. The GSPC could not find gas in its fields. The losses were dumped on ONGC. The cash levels in ONGC came to a critical low in 2018 fiscal. It reduced by 90 percent in a year. It is now under a huge debt.

So, if India is losing jobs, its public sector is collapsing and private sector is “thriving”, there is much that does not meet the eye. The telecom, oil, aircraft manufacturing and many other works done by the public sector profitably is under threat. Even there have been questions on closure of HMT some years back instead of strengthening its operations. Its exit has helped watch manufacturing and other tool and instrumentation companies, once rivals of HMT.

There is nothing wrong in private sector rising. Should it be at the cost of manipulating losses of the public sector? The private gain is not an eyesore but the process takes the wealth from the people of the country to some chosen hands may be in a particular region.

A pertinent question arises. Are really the public sector at folly or the private sector is being made to thrive at its cost, particularly since 1992? It raises many questions for many international deals. So if the rupee is in crisis or repatriation of profits to foreign shores is increasing, it calls for a holistic look at policies. It is a national crisis, needs careful, immediate treatment and a detailed probe.

Public transport should be the most popular mode of travel: Venkaiah Naidu

The Vice President M Venkaiah Naidu has called for adopting a public transport-centric approach to decongest traffic-choked cities and combat growing vehicular pollution. He observed that our cities have been witnessing an undesirable shift from the use of public transport to private vehicles.

‘The average two-wheeler and car ownership levels in metropolitan cities which were 112 and 14 per 1000 population in 1994 are expected to grow to 393 and 48 respectively by 2021. This would mean 53 million two-wheelers and six million cars in the next 15 years in metropolitan cities,’ he added.

Speaking at the 25th Foundation Day event of Delhi Metro Rail Corporation (DMRC) in New Delhi recently, he said urban transportation solutions like the metro rails have the capacity to act as driving forces to take India’s quest for sustainable urban spaces to fruition.

Pointing out that urban transport was leading to growing air and noise pollution, he said that it was estimated to account for about 25 percent of the greenhouses gases worldwide and spending more time in the polluted atmosphere was adversely affecting the health of the people, the Vice President said and added that the need for clean urban mobility cannot be over emphasized.

Referring to the deleterious effects of global warming and climate change, he said “we need to swiftly move from fossil fuel based automobiles to electricity or battery based vehicular system”.

He said that a relevant infrastructure, especially in regard to charging of batteries had to be developed on an urgent basis to meet the emerging demand for electric vehicles.

Stressing the need to put in place an adequately developed reliable, affordable and accessible urban public transport system, Naidu called for steps on a war footing to make public transport the most popular mode of travel for all commuters.

The Vice President asked planners to provide hassle-free travel facilities and said that ensuring the last mile connectivity to commuters, especially for those travelling by metro and local rail networks.

He urged cities to increasingly focus on introducing multi-modal transit systems. “Public transport should take precedence over personalized motor transport and every stakeholder should work in that direction”, he added.

The Vice President also wanted city planners to make urban spaces safe for women, children and the elderly and make them completely barrier-free and accessible to the differently abled.

Blockbuster ‘Gadar’ to have a sequel

“Gadar: Ek Prem Katha,” which created new records on the box office 18-years ago is all set to return to the big screen with a sequel. The story will be a continuation from the original film with a backdrop of India-Pakistan.

“We have been working on ‘Gadar’ sequel since 15 years. ‘Gadar’ will be story of Tara (Sunny), Sakeena (Ameesha Patel) and Jeet (their son). The story will move ahead with India-Pakistan angle, ‘Gadar’ is incomplete without it. “The cast will remain same, like how we have seen in films like ‘Baahubali’, ‘Rambo, ‘Fast and Furious’, etc. We have discussed the idea with Sunny. We can’t disclose anything at the moment,” a source close to the film’s production told PTI.

The film, directed by Anil Sharma, ranks among the top three Indian films in all-time highest footfalls. According to sources, it had 17 crore footfalls and had earned Rs 256 crore upon its release in 2001. 

Big B unwell, shares on his blog

Bollywood megastar Amitabh Bachchan on Sunday afternoon informed his fans that he is cancelling the weekly meet and greet ritual due to ill health. The 76-year-old actor, who sees his admirers every Sunday at his house Jalsa in Juhu since past 36 years, said he might be in pain but fans need not worry. “

…Not doing the Sunday Darshan today… In bed… Pain .. Inform all, nothing to worry, but unable to come out,” Bachchan wrote on his blog.

The actor, who was last seen in “Badla”, is currently working on Ayan Mukherji’s “Brahmastra” and a bilingual project, titled “Tera Yaar Hoon Main”. Bachchan is also teaming up with Emraan Hashmi for a mystery thriller.

Biopic on PM Modi to release on May 24 now

Vivek Oberoi-starrer biopic on Prime Minister Narendra Modi, which was earlier set to release on April 11 but was banned by the Election Commission, will now be released countrywide on May 24, a day after the results of the Lok Sabha elections are declared. This was shared by the makers of the film. Producer Sandip Ssingh said he hopes the film will have a smooth run in the theatres. “We are now releasing our film on 24th May 2019. This is the first time a film will be promoted for only four days. I hope now nobody has any problem with the film and we are hoping for the smooth release this time,” he said.

The film, titled ‘PM Narendra Modi’, In its order last month, the EC had banned the screening of film during the poll period, saying any such film that subserves purpose of any political entity or individual should not be displayed in the electronic media. The EC order had come a day before the movie was to be released. Directed by Omung Kumar, the film is co-produced by Suresh Oberoi and Anand Pandit.

National seminar on women entrepreneurs organized by DU’s Bharti College

India stands at 98 out of 132 countries in the Global Entrepreneurship Index rankings, 2016. Women entrepreneurs constitute about 13.72% of the number of the entrepreneurs in the country. According to a McKinsey report, bridging the gender gap would have a huge economic impact and could add Rs 46 lakh crore ($700 billion) to India’s GDP in 2025. To delve deeper into the issue of women entrepreneurship, the Department of Commerce and Women’s Development Cell, Bharati College organised a two day National seminar on the “Role of Women Entrepreneurs in Socio-Economic Development of India” on April 26 & 27, 2019.

The chief guest was Dr. Seema Rao, the first woman commando of India. She inspired the listeners with her remarkable achievements and daringly unique journey. Her books on Combat Training are widely used as manuals in India by the Army and the Police and even internationally.

The keynote speaker, Dr. Archana Garodia, the founder member of FICCI Ladies Organisation (FLO) and a successful entrepreneur set the tone of the conference by emphasizing the great need to empower women by leading them into entrepreneurship. Her unique contribution is in working towards policy changes that will bring more women into the work force. Her immediate aim is to convince governments to extend the school timings so that women can give guilt free time at work. This, she said, was what some Scandinavian countries did and increased their GDP tremendously.

The Chief Speaker at the Valediction, Ms Vasvi Bharat Ram quoted Hilary Clinton in saying that “women are the largest untapped reservoir of talent in the world. Hence empowering women by promoting entrepreneurship is a sure shot catalyst to rapid economic growth and development of any nation”. She pointed out that studies suggest that countries which have proportionately higher percentage of entrepreneurs in their population have developed much faster as compared to countries, which have lesser percentage of them. As the Vice Chairperson of The Shri Ram Schools, Vasvi has helped set up The Shri Ram Millenium Schools and The Shri Ram Early Years Play schools in Delhi and NCR. More than 90% of the staff are women and their inputs allows her to have more gender inclusive policies and a more supportive and nurturing environment.

At the conference, over 40 papers were presented across themes such as the history of women entrepreneurship; policy initiatives and ecosystem of women entrepreneurship; economic empowerment and social mainstreaming of women via self -employment and business innovation by women. The conference ended with a Nukkad Natak on Aajivika.

Pashtun Tahafuz Movement: The game changer for Pakistani politics

The people of Pakistan are looking towards a game changer political leadership in their country. It is so because, for too long now, the Pakistan Army has maintained proxy control over politicians and political parties. It has either ruled through dictatorships or by proxy, as it is doing at present by placing a pliable Imran Khan at the helm of the political spectrum. Such a situation is a win-win for the Pakistan Army since it enjoys all authority without responsibility and without facing the flak.

Interestingly, resistance to the iron grip on Pakistan by the Pakistan Army is coming from an unusual source. In remote, faraway Waziristan, a common citizen, Manzoor Pashteen, in 2018, started a rights based movement called the “Pashtun Tahafuz Movement (PTM).” PTM has a few demands, related mainly to alleviating the impoverished existence of the tribal belt. It wants an end to mining activity, discrimination, violence by militant groups and most significantly, a complete cap on the horrifying process of extrajudicial killings, enforced disappearances and unlawful detentions. It also wants the perpetrators of human rights violations to be tried under law within a truth and reconciliation framework. PTM has openly expressed reservation over the massive presence of the army in the area. According to Daud Khattak a reputed journalist, “A human rights movement from Waziristan is finally bringing the country together to challenge the brass.”

The Pakistan Army, ever conscious of its carefully cultivated and pristine image as the saviour of the nation, has attempted to nip the movement in the bud. It has exerted pressure on the PTM leadership and engineered a complete media ban on coverage of its proceedings. These attempts have failed due to resort to a massive social media information campaign by the activists of the movement.  Visuals of massive rallies and public functions are doing the rounds on multiple social media platforms and all information about the wrong doings by Pak Army is being shown.  

The matter has reached a level where the Pakistan Army has been compelled to hold a press conference at the General Headquarter, Rawalpindi, on 29th April. The presser was addressed by Major Gen. Asif Ghafoor, Director General of the Inter-Services Public Relations (DG-ISPR) of the Pakistan Army. The General rendered an address for about an hour, starting with the inevitable and elaborate exposition on relations with India. However, as the conference progressed it became obvious that it was the PTM and its activities which were the main topic for the day both for the army as well as the media.

In the course of the meeting Gen. Ghafoor accused PTM and its leadership of waging a “Hybrid War” against the state and receiving funding from Afghan and Indian intelligence agencies.  “But tell us how much money did you get from the NDS (Afghan National Directorate of Security) to run your campaign? How much money did RAW (Research & Analysis Wing) give you for the first Dharna (sit-in) in Islamabad,” queried the DG-ISPR rather grandly.

In yet another faux pas’, while replying to a query on missing persons by a journalist Hamid Mir, Gen. Ghafoor admitted that there were many missing persons in the country, due to internal security operations conducted by the Army. “We also have affection for people of Pakistan but such things happen since everything is fair in love and war, Pakistan Army does not fight on the personal level, it does what is required to be done in national interest,” he said. In culmination, while speaking about the Pashtun Tahafuz Movement (PTM), he made a statement, “Their time is up,” which has elicited widespread disgust for its egoistic undertone and inherent viciousness.

DG-ISPR’s comments, especially on the missing persons, created a twitter storm. “The whole presser was horrendous. But this was the OMG moment. This confession will sink the military image. He is admitting to crime against humanity on television, OMG,” wrote well known journalist, Gul Bukhari, in a tweet after the press conference. 

Screenshot of Pakistani Journalist Gul Bukhari’s tweet in response to DG-ISPR Maj. Gen. Asif Ghafoor’s admission that Pakistan Army has been responsible for missing Pakistani citizens.

Gulali Ismail, a well known Human Rights Activist from Khyber Pakhtunkhwa tweeted, “I consider this Press Conference not an attack on PTM, but an attack on the Parliament of Pakistan, an attack on the Democracy of Pakistan and an attack on the Constitution of Pakistan #PTMZindabad.” In fact, there are thousands of tweets on the same line with #PTMZindabad which, by now, must be giving nightmares to the Pakistan Army. They are also generating debates on the role of social media across the country. It will not come as a surprise if the DG-ISPR is soon transferred from the post.

It is now apparent that the PTM and its leadership are not going to be cowed down by the usual pressure tactics of the Pakistan Army based on rising of anti-National, anti-Islam bogeys. These calls for accountability of the actions taken by the Army are going to increase and also envelope other trouble torn areas of the country like Balochistan and Pakistan Occupied Kashmir (POK).

The political leadership also needs to see the writing on the wall and try to change the narrative of Army control which has caused so much grief to the country. These leaders, while in opposition align with the true aspirations of the people, but change their ideology the moment some kind of support from the Pakistan Army is forthcoming. Such weakness in the political system has been exploited by the Army all these years, but now the people are raising a voice against the same.

Politicians can survive only if they hold on to the pulse of the people, so now is the time for Pakistani leadership to go with the desired change. This cycle of violence perpetrated by the Pak Army and its proxies, the attendant human rights violations, the poverty and lack of empowerment cannot continue for too long now. The first casualty of the changing times will probably be Imran Kan, after which, the people will look for those leaders who have changed with times or will go for a new set of leaders altogether.

India and Korea to issue joint postage stamps by the end of 2019

Department of Posts, Ministry of Communications, Government of India and The Ministry of Science and ICT (Korea Post), Government of the Republic of Korea have mutually agreed to jointly issue Postage Stamps on the theme “Queen Hur Hwang-ok of Korea”.

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, was recently apprised about an MoU signed in February, 2019 between India and Republic of Korea. The joint stamps will be released on a mutually agreed date by the end of 2019.

Music can create unity and peace in the world: Vice President

The Vice President of India, Shri M. Venkaiah Naidu has said that music has the power to overcome the tribulations of war and terrorism and sends the message of oneness.

Speaking recently at the “CHIRAGH” concert of the South Asian Symphony Orchestra at the National Centre for the Performing Arts (NCPA), in Mumbai, Shri Naidu said that music speaks a universal language and transcends geographical boundaries and unites people. He appreciated Dr. Ahmad Sarmast for training the young children from Afghanistan who performed at the concert overcoming such barriers. He said that the young performers have proved that their music symbolizes the best of the human spirit and speaks the universal language of peace and harmony.

The Vice President called upon organisations such as the South Asian Symphony Orchestra to carry the message of peace and non-violence and dispel the dark clouds of misguided minds that were unleashing sporadic spurts of mindless violence.

The Vice President wanted the members of the orchestra and musicians at large to become ambassadors for a new and resurgent South Asia. He asked them to re-capture the essence of ancient civilizational ethos such as – peace, compassion and co-existence and re-connect with the common cultural well springs that unite the region.

Indian-American actor Kal Penn wants to act in “Taarak Mehta Ka Ooltah Chashmah”

Popular Indian-American actor Kal Penn says he wants to star in television serial “Taarak Mehta Ka Ooltah Chashmah”.

The 42-year-old actor, who was born in the US to Gujarati Indian parents, got his Twitter followers cracking up after he posted a video of himself Monday, posing as a fictitious Gujarati character called “Ladies Bhai”, who is an “old, ridiculous Gujarati sketch character with a great shirt.” His video has since received over 4,000 likes and has fans rooting for him to be a part of the show.

“Taarak Mehta Ka Ooltah Chashmah”, has been on air since 2008, and is based on the column ‘Duniya Ne Undha Chashma’ written by late journalist-playwright Taarak Mehta for the Gujarati weekly magazine “Chitralekha”.