Wednesday, 31 May 2017

SBI : THE HORRENDOUS RESULT FY 2017

State Bank of India (SBI), India’s largest bank, became even larger with the merger of its five commercial banking subsidiaries on April 1, 2017.
 SBI chairperson Ms. Arundhati Bhattacharya at the beginning indicated that she was confident the step would make the bank a global player and expected to boost the bank’s annual profit by Rs 3,000 crore in three years.
But SBI profit declined from Rs 12225 Crores in preceding financial year 2016 to a meagre Rs 241 Crores in financial year 2017 as per SBI's declaration of its results on 19.05.2017. But why so ? Let us analyse the facts as under : 
a) to  unexpected horror to all of us the great merger towards becoming a global entity the loss of those 5 subsidiaries or erstwhile associates whatever the term the amalgamated losses is Rs 5792 crores for Q 4 only and cumulative loss Rs 10243 crores for the whole year. This merger has directly affected the annual figure of SBI.
b) SBI subsidiaries such as SBI Life and general insurance, reported annual profits of nearly Rs 2,000 crores,  without these the losses would have been higher. 
c) SBI declared a dividend of Rs 205 per share and this will drain Rs 2073 crores from its own exchequer i.e reserve fund and that share holder may oppose.
d)  Post  results scenario , on May 22, SBI’s share  price fell by 4.6% to Rs 294 and it is currently trading Rs 288, indicating investor apprehension with the huge and unexpected losses of its former banking subsidiaries. 
e) Consolidated loss of those erstwhile associate Banks up to Q 3 was Rs 4550 crore and how it soared so high in last quarter i.e Q 4 in absolute term for Rs 5792 crores?There is no explanation in the public domain by SBI regarding what had happened to cause such a deterioration in the final quarter.
f) SBI’s press release, apart from the mandatory disclosure of consolidated annual results, was a single sentence, “Net Profit (after minority interest) of SBI Group declined from Rs 12,225 crore in FY’16 to Rs 241 crore in FY’17…” Why the rich heritage of SBI  maintaining total silence in public domain ? Was this is a so called hair cut in technical term to cover up the bad  loans of its erstwhile subsidiaries?
g) What was particularly disturbing was the complete lack of transparency regarding disclosing these  in the SBI results, in which the bank only focused on the far better standalone results. Was this consolidation to become a global giant is camouflage to bail out those poorly managed associate Banks ?  
h) Who will be accountable in public domain for huge loss of profits?
To bridge the gaping hole of erstwhile associate Banks have backfired in SBI’s consolidated balance sheet, the bank is ready for  an equity issue of nearly Rs 10,000 crores.  However, as the immediate experience of the SBI merger has shown, reality can be very different from the visions of consolidation. 
Data Source: the wire.com

Thursday, 18 May 2017

19TH MAY AND ISSUE OF BENGALI IN ASSAM

Immigration problem in Assam – Bengali Hindu-- A burning issue /  by  dibakar purkayastha
A political comment by heavy weight minister of ruling Assam Government Mr. Himanta Biswasharma on Bengali Hindu immigrants from neighbouring country raised so many eyebrows and controversies in the state. Members of both political as well as intellectuals of the state are trying hard to storm on the ruling BJP citadel .People from all section of the society came out with vociferous protest in both print and electronic media making this hottest topic  of the time. The immigrants and Assam are probably synonyms after independence of India this is a perennial problem of the state. Bengali Hindu from bordering country Bangladesh as refugee and Bengali Muslim for better livelihood made beeline in the state since 1947 and this burning issue was not doused off till date, although efforts are made by indigenous caste Assamese through numbers of movements against this. Let us look little deeper and try to analyse this problem as under:
If we look back to the imperial era, many communities from adjoining country Nepal, Undivided Bengal and other parts of India migrated to Assam. These Nepalese were mainly soldiers joined in the Army. The people from, Jharkhand and Orissa, came to work as labourers in the tea gardens. The people from Bengal can be broadly classified into Bengali Hindus and Bengali Muslims. In the colonial era, the Bengali Hindus were mainly from the elite class, who used to work as clerks in Government administration. Later on there was another class of Bengali Hindu refugees from East Bengal, who became victim of inhuman atrocities after the infamous divorce on the basis of religion by their linguistic counterparts who happened to be majority thereat.
On the contrary, Bengali Muslim immigrants were mainly cultivators, who migrated expecting better livelihood after the partition of country. But, before partition they migrated into Assam valley in accordance with the British policy of ‘Grow more food’, but ultimately many people felt was also complimentary with the Muslim League’s design to ‘Grow more Muslims’.
To understand the problem of Bengali population in the present scenario, one has to understand the various problems to define people as indigenous and immigrants. Again immigrants are internationally defined as two types, that (i) those who migrated after becoming victims various inhuman atrocities by majority group in their homeland and (ii) who migrated from homeland expecting a better economic conditions. Now, we have to look how after the independence of India in 1947, immigration rules were flouted to allow unabated illegal migration into the state of Assam.
To know the demo-graphical contours of Assam, one has to revisit back to the time of colonial raj of imperial British and analyse the impact of the politics of that time on the present political and demographic scenario in Assam. It is true that migration has always been a reality in Assam. Throughout history, we can see people from various places have migrated to Assam, and Assam has assimilated them since time immemorial. However, these migrations were during pre-independence period when the concept of national and international boundary as well as the citizenship Act was not defined properly. However, after 1947, we have our own policy of immigration, citizenship and voting rights. Hence, the legal definition of the word ‘foreigner’ comes into existence after 15th August 1947.
Ab- Initio, the earliest conflicts started between Assamese people with the Bengali Hindus. This was mainly the outcome of imposition of Bengali language in Assam as the medium of instruction in schools, and the hegemony of Bengali-speaking officials obviously aroused a sense of contempt amongst Assamese. This can mainly be regarded as a conflict between the caste Assamese and Bengali Hindu, which ultimately had grave consequences in the sixties of last century. This movement also widened a gorge between the districts in Barak Valley, having predominantly Bengali population and the caste Assamese of the Brahmaputra Valley, when in 1960, Assamese was declared the official language of Assam. It was therefore more of a cultural issue and a fight for linguistic hegemony from both sides.
Again after a period of two decades , the anti-Bengali movement, in the camouflage of ‘anti foreigner’ started in Assam under the banner of All Assam Students’ Union, whose formation dated back to the days of colonial era.. In the year 1940, a students’ union named ‘Asom Chattra Sanmilani ‘(Assam Students Association) divided into the All Assam Student Federation and the All Assam Students’ Congress. A decade later both wing reunited as the All Assam Student Association, which was later rechristened as All Assam Students Union (AASU) in January 1967. In August 1967, the union established itself as a formal organisation and adopted its constitution.
 In the last seventies of last century the conflict came out of the bottle again. AASU began the anti-Bengali agitation program, and started facilitating the participation of all section of people. They compelled all sections of normal population living in Assam to take active part in such movement with strike in different schools and colleges. All section of students was compelled to join on such activities without their will also. They blocked roads and street corners with vociferous slogans against minority Bengali-speaking people. Those Bengali students who did not want to join movement against their own community, were either beaten black and blue or they had to leave their study in colleges and universities and had to take shelter in safe Bengali dominated area like Silchar, Agartala, Karimganj etc. Girl students in colleges were forcefully ordered by student union to clad themselves only in ethnic Assamese attire and no other.
In the contrary, unlike Bengali Hindus, the earliest of the Bengali Muslim immigrants, either out of fear or compulsion, declared Assamese as their mother tongue. This was evident when the number of Assamese speakers astonishingly soared from 31.4% in 1931 to 56.7% in 1951, which is in many ways incredible. Simultaneously, the percentage of Bengali speakers in Assam declined from 26.8% in 1931 to 16.5% in 1951. The elite Assamese caste Hindu people as well as many intellectuals of that time were mentally accommodative to Bengali Muslims, who they thought they would retain Assamese as their mother tongue in days to come also. The ruling Congress party also looked for a large vote-bank, and created almost favourable conditions for infiltration from East Pakistan from 1951 to 1971 Thus, the percentage of meteoric rise in Muslim population in Assam was unchecked. ‘But from the another angle, if we see , we find that Bengali Muslims had supported caste Assamese Hindus all along to safeguard their existence in Assam. Muslim pockets, especially comprising Bengali Muslims in places like Goalpara, Nagaon, and Barpeta, are settlers but they tried to speak Assamese only. Myron Wiener writes the following in his book Sons of the Soil (1978):
‘After 1947 the Bengali Muslims became defacto allies of the Assamese in their conflict with the Bengali Hindus. Bengali Muslims have been willing to accept Assamese as the medium of instruction in their schools, and have thrown their votes behind Assamese candidates for the state Assembly and the national Parliament. They have declared Assamese as their mother tongue. In return, the state government has not attempted to eject Bengali Muslims from lands on which they have settled in the Brahmaputra valley, though earlier leaders had claimed that much of the settlement had taken place illegally. There is thus an unspoken coalition between the Assamese and the Bengali Muslims against the Bengali Hindus.
As for the real cause of the conflict between Assamese and Bengalis, if we go for in-depth study, we will find the root that lies deep inside started germinating just after the subsequent partition of India after independence.
In the midst of all these political linguistic battle, the Bengali Muslim community gradually settled down in the Brahmaputra valley. Bengali Hindus are peace-loving and mainly working class. They have neither aspired to gain any political mileage nor have they tried to form any political party. But Muslims had other ideas. In some period of time, they formed their own linguistic religious minority party.
Meanwhile through massive protests by the AASU, and the Assamese voter had finally risen up to the task of opposing illegal immigration. People in Assam, from 1979–1985 the whole of Assamese population, including tribal united against illegal immigration and the anti-foreigner movement ultimately led to the signing of the Assam accord, where the people agreed to have 1971 as a metric for judging who is a foreigner.’
 In the national scenario, Assam was slowly losing its identity, because the sheer magnitude of this migration is perhaps unprecedented. ‘The number of illegal immigrants (using the 1971 metric) has been a contentious issue. The number varies from 0 (claimed by AIUDF and some Congress politicians) to 50 lakhs (stated by Lal Krishna Advani).
 This has added a communal dimension to the ethnic or economic conflict. People are now living in denial; intellectuals are not acting impartial because they consider turning a blind eye to this menace is going to paint them in more secular colour. Assamese speaking Muslims have by and large resisted these designs and also consider the Bangladeshis as the ones who are encroaching upon the benefits that minorities get from the state, and have stressed on their Assamese identity rather than Islamic one. However, the plans of these elements include radicalisation of this group of population, so as to receive logistic support for illegal immigration, and ensure that this conflict reaches a point of full-fledged external aggression.
At the end there is always a question unanswered by Mr. Himanta Biswasharma that if migrated Hindu Bangladeshi people are given citizenship, how this will help indigenous caste Assamese people will prove their safe majority? Is it   from the point of religion or from the point of language?




Monday, 15 May 2017

Hindu, Beef and Economy

The present controversy around beef eating, accompanied by violent objection and equally aggressive support, is engineered by extremist politicians on both sides reacting to the change of ruling parties at the Centre. They play with exaggerated or distorted reports and make sensational statements. With the pathetic decline of the Congress which has been enjoying power for long in most parts of India, people expect serious changes in government and government-related institutions and policies. The excitement of new power on the one hand and the fear of losing positions on the other have created confusion and uncertainty.
As per rule of the land in some states no one can kill any cow. The cost of feeding such barren animal is Rs60/- approximately per animal per day. Now big question rose from nowhere that who will bear the cost of feeding an old cow that has stopped giving milk? Poor owner of animal in maximum cases are living on pecuniary circumstances and not in a position to feed an idle animal. Some official from Home Ministry proposed for maintaining ‘Old Age Home’ in each district that seems practically impossible and may require a dedicated Department under Animal Husbandry Ministry of respective states and a new avenue for corruption will open.
Second question is our large Tannery Industry. The famous Chappals from Kolhapur of Maharashtra is gone 35% or more down in production since 2015 and is gradually decaying further. How the Industry throughout the country will survive and who will be responsible for future of workforce of those industries who are in the verge of layoff?
India is highest exporter of beef as per records. Now what will be future of these export license holders and interestingly majority of them are Hindu?
Beef is a sensitive issue which can be exploited by invoking religious sentiments, and profit from exports also could be involved. It is a favourite item of food mainly for Muslims and a few others as well, including Christians and Hindus in different parts of India. Many others, including habitual consumers of non-vegetarian food, find it distasteful either because they are unfamiliar with it or culturally conditioned against it.
India is a vast country with a great variety of castes and creeds. There is no Hindu "religion". Unlike the Semitic religions of Judaism, Christianity and Islam there is no one founder, sacred book and rules of conduct including procedure for conversion and excommunication applicable to Hindu society as a whole.
Here let us see what Mr M G S Narayanan, a Hindu and former Chairman of India council of Historical Research said about this. An Exert from his article dated 30.10.2015 is very much applicable today’s condition also:
Quote
There were no rules prescribing food habits or dressing conventions or marriage and other customs and practices for Hindu society as a whole. There were no codes of conduct or modes of worship for Hindus in general. Our former colonial masters and their scholars, endowed with Eurocentric arrogance and ignorance about India, conceived the Hindu "religion" on the model of the Semitic religions known to them. They labeled all native groups outside the Semitic religious groups as Hindus in the census records. Actually the term Hindu, applied by outsiders to natives of India, was not a religious term, but a geographical term referring to the inhabitants of the Sindhu or Hindu or Indu region.
The Vedas were considered "apaurusheya" or "of non-human character", thereby suggesting a divine origin. The text consisted of simple songs invoking different deities like Indra, Agni, Varuna, Aditya, Rudra etc. No temples or idol worship are mentioned anywhere in the Vedas, although temples and idol worship, with universal deities like Siva and Vishnu, were in place by the beginning of the Christian era
The sacrificial rituals were elaborated in later centuries and recorded in Aranyakas, Brahmans, Grihya Sutras etc (see, for example, volumes 1 and 2 of Indologist Frits Staal's Agni: The Vedic Ritual of the Fire Altar). They preserved the text of the Vedas as an oral tradition exclusively for themselves, and prohibited the learning of the Vedas by Sudras. Some ancient texts inform that the Brahmin sages (rishis) who lived in forest hermitages (asramas) entertained their guests (atithis, or people who came without prior notice, without looking for the proper tithi) by killing calves and offering beef, considered to be a delicious item of food reserved for honoured guests. That is how the term atithi acquired the synonym of goghna, killer of cows (see Ancient India by R S Sharma). Animal slaughter for sacrifice was common during the Vedic age. The sacrificial animal was called pasu, a term that is used to denote the cow in Kerala. In the ancient law books like Manusmriti, the Kshatriyas were permitted to kill animals in hunting and consume their meat. In Valmiki's Ramayana there is a reference to Sita, wife of Rama, the Kshatriya prince of Ayodhya, keeping watch (during their time of exile in the forest) over the meat of animals drying in the sun.
                                                                                Unquote.
Above exerts of the article clearly defines the rights of food and drapes of people as per ancient Hindu culture and centuries old social customs that prevailed in the society. Why a section of people then making their own rules? Deliberately making statements forcefully towards people in the name of Hindu religion? 
By entertaining indirectly some fringe elements in the camouflage of ‘Gauraksaks’   from Hindu community and thus encouraging hatred and criminal offences by this group towards the basic rights of people living in different walks of the society Government is not reflecting the correct governance towards its people in the democratic set up. Bankimchandra Chatterjee author of National song ‘Vandematram’ opined in the page no 95 of his novel ‘Anandmath’ that ‘Sanatan’ or Vedic Hindu religion is no more exists in India. The religion practiced now in the name of that religion is draconian religion.               
Those so called neo Hindu may fall under certain category, as per Bankim Chandra Chatterjee and may  differ from that I have expressed in this article, but the real fact is that a large Pai of our economy is already decayed by this  and now it is for sweet will good senses of the people who seats on the helm of affairs in Government to chalk out some plan to overcome the situation.


Tuesday, 9 May 2017

BUDDHA : The ultimate stage of consciousness

The meaning : 

When we talk of  'BUDDHA', literary meaning may be something near to Wisdom.But it is not exactly the wisdom, as we define. Some may say "enlightened' and to me that is nearest word. It does not necessarily mean Buddha is a person, a physical entity, but in broader sense it denotes much more than that. Let us try to analyse this :

The worldly body comprises mainly five properties.viz. Air, Water, Fire, Earth and Ether. In general sense Ether is emptiness of sky above, but in absolute term 'Ether' may mean a certain state of affairs i.e openness of the sky above. In Veda it said " हिरण्यगर्भ" That does not define gold container etc, but it states the greatness/blissfulness of universe.
 Now, our body also contains all these properties in seven stages Each stage contains each property ( air, water etc)from lower stage to upper. Our consciousness moves from one stage to other like a serpent from lower portion of our body and stage by stage it moves upward.  For ordinary human , this starts from lowest state and generally end up in third stage. But, those who search for wisdom and more,they try to go beyond and very few reach at the highest stage. These stages are  spelt clearly in all religious faith.

सहस्रार ( The highest stage)

Here the consciousness moves to the top of our sense and one will find BLISS. There is total connectivity with all senses and wisdom and as such there is no duality.He who attains that stage will feel Blissful everywhere and find no difference in living being and non living being.This stage he will feel 'ENLIGHTENED' and that is called "BUDDHAATWA" This stage is stage of silence, complete silence.Thus when someone attains wisdom he/she becomes silent.

The chant :
ॐ मणिपद्मे होम ! 
 This holy chant  only states the presence of eternity, the blissfulness of this great universe. It is exactly not the lotus but  the presence of certain state, the feeling of that state of affairs in consciousness. So, what Rigveda says 'हिरण्यो गर्भास्थो भगबान: or God is in a certain state, the chanting of  ॐ मणिपद्मे होम defines the eternal prayer of human entity, the quest for wisdom , the thrust for ultimate connectivity with eternity, where the all properties of senses gracefully coexists. 

The Salvation :(Teaching of Tripitaka in brief)
 The consciousness of mind follow those stages gradually and search for purification of senses. Human entity crosses this purgatory through an ordeal of 'COMPUNCTION' and followed by 'PURIFICATION' and attaining 'SALVATION' and thus finally reaching 'ATONEMENT'. Atonement actually means AT -ONE-MENT. Which defines the single entity that is GOD IS ONE  and no duality. This is brief teaching of Lord Buddha !

बुद्धांग शरणम  गच्छामि ! धर्मांग शरणम गच्छामि ! संघंग शरणम गच्छामि !









Wednesday, 3 May 2017

Shillong Town or Shillong City

The people from Meghalaya  and its capital town Shillong is proudly claimed the Shillong town as 'Shillong City' since last few years.I will be proud to hear this since I belong to this town. The originally known as Shillong station as a hill station from the days of imperial /colonial rule this beautiful hill station fulfilled all criteria to be called like that.After British left the country, people of Shillong were used to claim this little station as Shillong Town. But the scenario has changed gradually after globalisation and the unplanned buildings started rising above the sky and the beauty of hill station or the scenic beauty for which Shillong was famous for had lost gradually and the town changed into a concrete jungle over the years. People of the centre are least bothered about nature and friendly co existence of human and nature has lost totally. Meanwhile big international brand of commercial benefit/ eateries entered in the town,of late few moderate hotels came up  mall culture and multiplexes made people mad and they started claiming that their town has become a city.  But whether it genuinely fulfils all the parameter to become a city in real sense. Let us  examine the primary prerequisites for a town to be upgraded to a city in this article and try to analyse with a reference to Shillong and we will estimate if the claim is genuine : 

01. Health Care : A city is required to have best health care for its population. Government hospitals and private hospitals must be equipped with all types machinaries and equipment for all types of medical emergency.There must be some pharmacies around hospital area r its vicinity serving the patients with all types of medicines and other  at least for 14 to 16 hours daily if not 24x7. Numbers of government owned ambulances like 108 to be available to citizens on a phone call away only.   

Reference to Shillong :
The report of the Estimates Committee of the Assembly that the Magnetic Resonance Imaging (MRI) machine kept for better diagnosis of ailments, which was procured in 2012 by the Shillong Civil Hospital has not been functioning and also not repaired due to the high cost is appalling. If a government hospital situated in the heart of the state capital is languishing without an important and modern diagnostic equipment then we can well imagine the kind of health care the rural population are getting.
Private hospitals like Woodlands etc and missionary hospital like Nazareth are having instruments but sometimes it becomes very costly affairs to common people. NEG RIMS has become a white elephant for us because it lacks proper number of doctors and permanent director is always absent. If any director is posted from outside , they never give proper attention to hospital since they count their days to go back.

Education : 
A city requires primary educational institutions like Engineering, Medical, College of veterinary science and many other Government and private high school and higher secondary schools. Number of Universities and other vocational institutions 

Reference to Shillong :
Although literacy is very high in the state 74.43 %as per 2011 census, the picture of proper education is not at all rosy despite of presence of few very good school both for boys and girls in the town. The pathetic state of affairs of education at the elementary level in our state is responsible for the high drop out rate at the secondary level and also for the low pass percentage at the SSLC examinations which lingers on at 46%. When a strong foundation at the primary level is not laid, the students proceeding to the secondary and higher secondary levels find themselves unable to cope up with the teachings and syllabi in the higher classes, hence to avoid embarrassments, humiliations and the pressure from parents and teachers, the best option is to drop out or even if they continue they add to the high percentage of failures at the SSLC examinations.

Teachers of these errant schools are also found to engage substitutes to take their classes throughout the academic year. Students from these types of schools hardly learn simple arithmetic such as addition and subtraction or even the alphabets after completing their elementary education. It is shocking but true that ghost schools still exist in many parts of our state.

Students those who complete secondary level or senior secondary level they migrate to other state in main land in the absence of a Medical college or certified Engineering College. The State got one University establish long 45 years back and after that Government has not taken any initiative to get second university.Although the town is proud to have an Indian Institute of Management but, presence of local students and teachers are limited there.There is a common friction of interest among different race and no one is interested to bell the cat. 

Communication : 
A city must be well  by air, rail and roadway and all major metros, tier I, tier II and even tier III cities of the country is having no exception. The local public transport system within the city must be maintained properly by the government for its citizens.The city must be well connected with with other parts of the country.

Reference to Shillong :
The town lacked the railway connectivity which cheapest mode of transportation of both goods and passenger. Although the hilly terrain of the town is around 1500 meters from sea level, it could be feasible and possible to connect the place with nearest rail head at Guwahati which is only about 100 km away from Shillong.The connectivity though air is also by name sake only since no regular flights goes from the small airfield located at a place named Umroi which is around 30 km from the town. Moreover proximity of Guwahati Airport marred the optimum utilisation of this airfield. Only mode of popular communication is by motor able  road and is maintained excellently. However number of bus run from state government towards Guwahati and back is not many.Passengers mostly depend upon small cars and SUV to travel to and fro Shillong.
Now, the most important aspect of a city is local transport i.e Government run city bus service. In cities government city bus opens before six in morning and retires for night around 11 p m. Considering the coolness in weather at Shillong this may start around 8.00 am and to run through all routes till 10.30 pm. The town has not many city bus and does not go all routes.General public can not depend up on this skeleton service and only dependable local transport for people is taxi and three wheeler auto rickshaws.

Miscellany:  The town has got many standard eateries in recent past but do not continue to serve people up to 10.00 p m.Only a few moderate hotels came up in recent past but only old faithful Pinewood Asoka is located at a prime spot with excellent service. Of course recently Tripura Castle has come up with good service and comforts and a resort named Ri Kinjai about 15 km from town is comfortable for visitors. Movie goes can not enjoy night show or evening shows of movies although two three multiplexes have come in recent time due to communication problem. Those who have their one vehicle do not face much problem in late evening after 9..30 p m. but ordinary public regularly face such commuting problem as taxis asks exorbitant price as per their whims and fancies. Thus Shillong Town lacks in many criteria to get the tag of a CITY in real time and will continue to be a TOWN until these lacunae are removed from the tag of this beautiful town.