Friday, September 22, 2017
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Big borrowers are mainly responsible for major loan defaults
RBI has to see that they can't get away through bankruptcy rules
By Anjan Roy
The Reserve Bank of India governor recently referred to the issue of resolving the public sector banks mountain of non-performing debts which are threatening their functioning. A good deal of progress has been made in setting in place the institutional framework for resolving the problem of bad debts. However, even in the midst of the new processes, there is a lot of scope for fine tuning for taking advantage of the system which needs to be plugged. Three major institutional arrangements have been made which should work for speedier handling of bad debts. The main worry and stumbling block was the legal proceedings which took unduly long and thus defeated the entire intention of resolution of stressed assets. Since the court cases used to take lengthy processes and the courts were overbu...
Kashmir Times News Report
No one killed Pehlu Khan
Justice beyond reach in India
By Amulya Ganguli
Just as the judiciary could not at first ascertain who shot dead a model, Jessica Lal, at a New Delhi bar in April, 1999, because of lack of evidence, the Rajasthan police has been unable to find out who were the killers of a Muslim dairy farmer, Pehlu Khan, near Alwar last April. The reason why no evidence was initially found in the 1999 case was believed to be related to the fact that the killer was the son of an influential Congress politician. It is no secret that proving a suspect's guilt in a court of law is not the easiest of tasks, especially if the person has powerful backers because witnesses are often intimidated into playing deaf and dumb. Besides, the police themselves are not regarded as the most honest and conscientious of public servants. Jessica Lal's assassin was fina...
Kashmir Times News Report
Huge empires of fake "Godman" in India continue to flourish
By Yashwardhan Joshi
From the 'pantheon' to the rogues gallery-- it's been an 'almighty' fall for the fake godmen. Flip through a jail register, and one will find a baba behind bars. Search his background, and one will find an empire of wealth, and a trail of rape, murder and financial fraud. Probe his success story, and one will find the unshaken faith of his gullible followers. It is only in the land of gods that the fakes flourish, that is, till they are caught and exposed. The latest fake to join the rogues' gallery is Gurmeet Singh of Dera Sachha Sauda (true business) , an ashram headquartered in Sirsa, Haryana. His story runs like a fast-paced sleazy C grade film, full of sex and crime, and more saleable than the feature film he made about himself called 'MSG : The Messenger of God.' His Sirsa as...
Kashmir Times News Report
Abuses and rudeness instead of puns and humour
By Lalith Sethi
Have the politicians, if not the political class, lost their sense of humour, spirit of fun and puns? Have some of them, or rather several of them, taken to a show of even plain rude and rowdy conduct in public places? Do they now even resort to the use of un-parliamentary expressions at times? They might invite the ire of the chair, but they take the reprimand in the stride. Who are the victims of this drop, steep drop, in what might be called plain sexist verbiage, revealing that the less or least educated of them all are denigrating women and showing near total lack of rectitude, but a high degree of male chauvinism? It has to be noted that most of them remain silent, some rarely go to a legislative chamber, but mark their presence in the lobby where the register of attendance is kep...
Kashmir Times News Report
SIGNS OF THE TIMES
The R plus M combination too much for the Sanghis!
By Humra Quraishi
Even the police officials interviewed in full public view have been seen giving a clean chit to these refugees; nah, no terror connection to them. Though, let me quickly add this relevant one -liner: in all probability a list of directions will now descend on the cops from their political bosses to veto their earlier claims, as this government seems determined to paint the Rohingya refugees as terrorists! R for Rohingya refugees! M for Musalmans! And this combination seems enough for this Right -Wing sarkar of the day to add the choicest prefixes of the day: ISIS, Al- Qaeda, Indian Mujahideen, Jihadis and whatever else gets scribbled along the sarkari registers to paint the dying and deprived Rohingya refugees as some potential terror striking lot! This sarkar has got hold of the 'secu...
Kashmir Times News Report
German left fighting bitterly for third position
Neo-Nazis trying to emerge through September 24 poll
By John Wojcik from Berlin
While pundits and news outlets the world over say the outcome of the Sept. 24 elections here has already been decided in favor of Germany's chancellor, Angela Merkel, the country's Left Party (Die Linke) begs to differ. "The truth is that none of the important stuff has been decided," Andreas Gunther, the head of Die Linke's Department of International Policy, told People's World in an interview in Berlin's historic Karl-Liebknecht-Haus, the party's national headquarters. "What happens Sept. 24 depends heavily," he said, "on how strong the Die Linke vote is." Merkel's ruling Christian Democratic Union (CDU) is polling in the 35 percent range and the Social Democrats (SPD), who rule alongside them in a "Grand Coalition," are polling in the low 20s. While those parties are indeed expected...
Kashmir Times News Report
RSS signals path to Hindu rashtra
PM Modi works quietly to that end
By S. Sethuraman
It is now official - the call given by RSS Chief Mohan Bhagwat for amending the Indian Constitution to make it reflect "Indian" values. But Mr Bhagwat leaves no one in doubt that Hinduism being "the only true religion" in the world, our constitution and legal system should be aligned to its (Hindu) ethos, whatever it could mean for secularism or inclusiveness. In short, a "Hindu Rashtra", which RSS gloated to be within reach when BJP swept the 2014 Lok Sabha poll and took over the Central Government. Be it said to the credit of RSS Chief however that he favours a comprehensive national debate and a consensus on changes in the Constitution and jurisprudence in tune with Indian value systems, now that seven decades have passed since independence. This is in refreshing contrast to the abru...
Kashmir Times News Report
India's bereft skies: Arjan Singh flies into cosmos
By Kapil Kak
The skies of India are suddenly bereft of a star - legendary military leader and iconic air warrior, Marshal of the Indian Air Force Arjan Singh (98) flew into eternity on Saturday evening. With his passing, the nation has lost a military leader of the highest calibre and quiet determination. Imbued with unbounded courage, he was perceived as the bravest air warrior, an elder statesman, and above all, an iconic Indian. Not just the air warrior community and the armed forces, but the entire country mourns the loss of an awe-inspiring public figure of monumental stature. A fourth generation armed forces man - his father, grandfather and great grandfather served in the cavalry - Arjan Singh was commissioned in 1939 at the Royal Air Force College, Cranwell. He was accorded the rare honour ...
Kashmir Times News Report
Rahul candid at Berkeley
Congress- vice president has to take forward this approach
By Harihar Swarup
The BJP leaders including Prime Minister Narendra Modi are determined to make Rahul Gandhi a leader by keeping the Congress Vice-President in focus. Credit also partly goes to government blunders that seem to have infused a new life in Rahul Gandhi's otherwise not so impressive political career. It is not often that Rahul Gandhi is taken seriously. But last Monday (Sept 12) at the University of California, Berkeley, he played the role expected of him. It was not the Congress Vice-President as seen before, reading a prepared script with manufactured indignation. He appeared relaxed. Shedding past inhibition, he said, he was ready for the job of Prime Minister, subject to organizational elections. With an image persistently smeared through a campaign of calumny run by the "BJP's abuse mach...
Kashmir Times News Report
Time for Akhara 'certified' Babas?
For a law against superstition at the national level
By Subhash Gatade
These are really 'bure din' for the spiritual gurus of India. While the likes of Ram Rahim, Asaram Bapus and Rampal are cooling their heels behind bars for their not so spiritual acts, Sant Swami Bhimanand Ji Maharaj Chitrakoot Wale who is also known as "Ichadaari Baba" among his followers has also joined them for running a high profile sex racket. It was unprecedented in recent history that Odisha had witnessed mass movements targeting many such Babas/spiritual gurus which had compelled the state government to arrest few of them. In fact the judiciary had also expressed grave concern over such Babas masquerading as spiritual leaders, robbing innocent followers of money and leading a "licentious life".(https://www.telegraphindia.com/1160528/jsp/odisha/story_88018.jsp) With increasing...
Kashmir Times News Report
Daily revision of fuel prices fails to deliver
Economy in a bind as costs spiral out of control
By K R Sudhaman
Critical to any business is stability especially in prices to enable easy planning and execution. When there is volatility in the rupee exchange rate, exporters or importers usually demand stability in exchange rate even if there is sharp depreciation. It is no different when it comes to oil prices in the country as volatile prices hurt not only industry but also agriculture as every activity is dependent on oil. The daily revision of petrol and diesel prices is certainly disruptive to the economy and the worst aspect is that the prices have crept upwards by over 8 per cent since it was introduced on June 16 despite the fact that the global oil prices have remained more or less stable. A more problematic aspect is that the government is unwilling to respond to this issue, particularly wh...
Kashmir Times News Report
I Give you the bullet train
By Badri Raina
Are you hungry, are you in pain? Come, I'll feed you the bullet train. Have you no roof ov'r your head? Are you directly under the rain? Come, jump into the bullet train. Are you on foot, pursued apace By rapist, moralist, policeman's cane? Just one way to cheat them all- Ride away in the bullet train. The bullet train is quick and fast, It leaves behind the ugly things In such rapid tryst with development, You'd think they never did exist. Are you a farmer with noose in hand, About to end your endless pain, Consider a patriotic move- Go under the bullet train Big Brother, Aadhaar Aadhaar has my fingertips, Aadhaar has my iris; If I have no Aadhar I am merely ultra vires. Aadhaar keeps me benignly safe From dangerous privacy; Aadhaar maps my radical brain To ...
Kashmir Times News Report
Burzahom of Kashmir: A Heritage Site
By Ghulam Nabi Khayal
With the solid support of unchallengeable evidence and historical finds, it has now been authenticated that Kashmir has a history covering a long period of not less than 5,000 years. In view of this averment, Kashmiri can also be considered as the oldest language of this Himalayan region in the north of India. This is but natural because the language the first-ever inhabitants of Kashmir spoke could only be a local one-Kashmiri-and no other dialect or language. Burzahom, a combination of two words-burza (birch) and home (ghar or residential house)-is located about 10 kilometers in north-east of Srinagar, the capital city of Kashmir, on the northern shores of the world famous Dal Lake. It was as early as in 1935 that De Terra, heading the Yale-Cambridge Expedition, went for a trial excav...
Kashmir Times News Report
Muslim identity in Bollywood cinema
By Shoma Chatterji
The only film that comes to mind centered on triple talaq is Nikaah (1982) directed by B. R. Chopra. Wrapped and packaged in glamour and spiked with generous doses of melodrama and lovely songs, the film took a very critical and incisive look at the system of triple talaq. The protagonist, Niloufer (Salma Agha), an educated, young and beautiful woman, is shocked when she finds herself treated like a 'gift' to be exchanged between her two husbands. The first one who pronounced 'triple talaq' in a fit of anger and the second husband who was in love with her from the time they were in college together and decides to hand her over as a "gift" to the first husband. She rebels for the first time and says that she is not a scrap of paper to be exchanged between men! It was a big box office hit ...
Kashmir Times News Report
BOOK REVIEW: Indira Gandhi - A Life in Nature
Indira Gandhi's elite environmentalism: A paler shade of green
By Darryl D'Monte
Jairam Ramesh, a Congressman and former Environment Minister, has written a highly sympathetic account of Prime Minister Indira Gandhi's environmentalism, a less-known aspect of her political career, in Indira Gandhi - A Life in Nature (Simon & Schuster Rs 799). This is her hundredth birth anniversary and his tome delves exhaustively into her correspondence, notes on files and other records, all of which lie in the public domain and the author has conducted meticulous research into. To give the controversial PM her due, she was far ahead of her times on this score. She imbibed her passion for nature from her father. Both often went on trips to the mountains together and Nehru wrote to her even from prison, inculcating in her an indelible love for the wild. When she became Premier herself...
Kashmir Times News Report
My Tryst with Sharda - A perspective
By Ravinder Pandita
It was on September 5that I along with Shri Mohan Krishan Mongha , an ardent devotee of Anand Dham Hushru in Kashmir visited Kashmir Bhawan in NAL Layout, Bangalore carrying a part of pious soil and a few flowers received by post from civil society of Pakistan Administered Kashmir (PAK) in Sharda, Pakistan. Sharda is the basic seat of learning for every Kashmiri Pandit or for that matter all Hindus in the country. It has a special flair for Shankaracharya followers, as it was Shankaracharya who was instrumental in bringing back sanatan dharma to its pristine glory as Buddhism had spread far and wide in Central Asia. History of Sharda civilisation is a vast subject and lot remains unexplored, till date. With the formation of 'Save Sharda Committee Kashmir (registered), a pressure group...
Kashmir Times News Report
Social media's importance
By Lalit Sethi
Tough pro-Modi tweeters rewarded with State BJP units' spokesman jobs Mr. Narendrabhai Damodardas Modi is entitled to believe that the social media is so important in his scheme of things and it is a sure election winner. The Prime Minister won the 2014 General Elections largely with his presumed connect with the people of India through his laptop and his "Mann ki baat" radio talks every month convince him that the whole of India and millions of families consider him the "papa or grandpapa" of these, the greatest of the world's family circle. The confidence that the Prime Minister and others in government and BJP exude is enormous, particularly after the BJP won the elections to the U.P.Assembly in April this year. Even if the Akali Dal, BJP's senior partner, lost Punjab to the Congress...
Kashmir Times News Report
Rise in Oil prices hits economy hard
By K R Sudhaman
Critical to any business is stability especially in prices to enable easy planning and execution. When there is volatility in Rupee exchange rate, exporters or importers usually demand stability in exchange rate rather than volatile rates even if there is sharp depreciation. It is no different when it came to oil prices in the country as volatile prices hurts not only industry but also agriculture as every activity is dependent on oil. The daily revision of petrol and diesel prices, introduced in the country is certainly disruptive to the economy and the worst aspect is that the prices have crept upwards by over 8 per cent since it was introduced in June 16 despite the fact that the global oil prices have remained more are less stable. More problematic aspect is that the government is un...
Kashmir Times News Report
The car revolution
By Gwynne Dyer
France and the United Kingdom recently announced that they will ban the sales of petrol and diesel-engined cars from 2040. The lower house of the Dutch parliament has passed a law banning such sales from 2025. India says it will institute a similar ban by 2030. China, the world's largest producer of cars - 28 million vehicles last year, more than the United States, Japan and Germany combined - is also planning to declare a ban soon, but is still working on the cut-off date. And in November the European Commission is going to debate a minimum annual quota of electric vehicles (EVs) for all European car producers. So if you were looking for a safe place for a long-term investment, would you choose the oil industry? Just over half of the 98 million barrels of oil produced in the world eac...
Kashmir Times News Report
International Day of Democracy
By S Mukhtar
"Good Uncle." "Yes dear." "15 September: International Day of Democracy. Up with the Day all say!" "Yes dear…now eleventh such Day." "Uncle, say how come the Day and date?" "Yes. A resolution entitled 'Support by the United Nations system of efforts of Governments to promote and consolidate new or restored democracies,' Qatar leading in drafting it, was by consensus adopted by the United Nations General Assembly on 8 November 2007, and thereby comes the observance of the Day; 15 September, being date of the Universal Declaration on Democracy, was chosen at the suggestion of the Inter-Parliamentary Union (IPU) as the date of the Day." "Uncle, please, objectives of the observance of the Day?" "Dear, the fundamental objective is to provide an opportunity to review the stat...
Kashmir Times News Report
Gender justice in India: Some complex dimensions
By Anit Singh
Feminism is a fiendish muddle to get in. The contours of the debate regarding the topic are fluid, in part because our society is in a flux, there's no certainty about what the future would hold for us and depending upon one of the several hundred variations in which the future of our country and our world plays out, the debate on feminism could take a different turn. There are no discreet modules for views on certain topics, if you accept the tenets of individual freedom, acceptance of multiple viewpoints etc, then you have to shift your views on all the connected topics. Cognitive dissonance occurs when you have a liberal online personality and a parochial offline one, something that my generation is in midst of, given that people can hold the latest scientific breakthrough in communi...
Kashmir Times News Report
VIEW FROM THE GALLERY
Rahul Gandhi attack on PM in USA hits BJP hard
By Brij Bhardwaj
India is a democracy has always sought approval from Western countries particularly from USA and countries like U.K, France and Germany. The result is that foreign media based in India has been given preferential treatment in term of access to top leaders of the political parties as well as in official set up. Keeping this in view prime Minister Narendra Modi after assuming power visited all major capitals to whitewash earlier impression of having allowed communal riots in Gujarat to continue for a long time as Chief Minister. Prime Minister broke all earlier records of foreign travel by Prime Minister after India became free. During these visits he tried to build reputation as a liberal democrat working to provide a corruption free Government. He also promised major reforms to attract f...
Kashmir Times News Report
Global nuclear power industry facing major hurdles
Banktruptcy of two leading groups halts programme
By Sankar Ray
Nuclear power financing is embroiled in a global bankruptcy with top two, Toshiba-Westinghouse, US subsidiary of Toshiba of Japan and its French equivalent, the state-owned AREVA facing financial debacle. Toshiba Westinghouse, afflicted with technical problems, time and massive cost overruns at construction projects V.C. Summer and Vogtle in the USA, filed for bankruptcy protection of its American subsidiary. AREVA went technically bankrupt as a sequel to a cumulative six-year loss of US$12.3 billion. The French government came out with a bailout for US$5.3 billion, allowing the process of break-up of state utility EDF, taken as a nuclear building and services subsidiary AREVA-NP. The rescue scheme was through by the European Commission, although AREVA remains delisted from the Paris st...
Kashmir Times News Report
 
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