Rajesh's Reflections
Wednesday, October 24, 2018
Sabarimala - Supreme court verdict allowing unrestricted entry for women
Monday, March 27, 2017
Transport minister quits Kerala cabinet over phone sex scandal
The swift resignation of transport minister A.K Saseendran was unfortunate. The effect was as if Mangalam TV, a newly launched channel pulled an AK 47 gun on the minister. The coverage and the subsequent resignation of the minister will probably make Mangalam create media history to be the only channel that on the day of its launch struck a major blow to the ruling state government as a result of its coverage of a sleazy audio clip allegedly containing the voice of A.K. Saseendran obtained under a sting operation.
After a series of sexual offence cases unfolding each day in Kerala, this particular news stood different because no one came forward and registered a complaint against the minister. So it appears to be a private affair between two consenting adults. On one side supporters allege invasion of privacy of a citizen as there was no exploitation seen in the incident and they blame the media for unnecessary intrusion. On the other end one group of critics cry foul along moral lines.
LDF, with 91 MLAs under its kitty (only 71 required to maintain majority), is quick to take actions against ministers when credible allegations are leveled against them. Remember that National Congress Party(NCP) in which A.K Saseendran is a member has just 2 MLAs in the assembly. So LDF has nothing to worry about. But in the previous UDF government, this was not the case and the reason was clear that the Oommen Chandy government was hanging on with a thin majority.
The manner in which Mangalam telecast the sleazy audio is also a matter of concern. The audio was telecast almost unedited and the content in its original form was not suitable for a family audience. An analysis of the incident would throw suspicion that it is a possible honey trap or the lady on the receiving end has clearly motivated him to speak in a sexual tone and the phone was tapped by some one without the lady’s knowledge.
Whatever it may be, the question is where does the channel draw a line on boradcasting code of ethics? I think the relevant regulatory body needs to look into this matter and adequate measures need to be taken so that the program contents can be viewed by a family audience.
As for the septuagenarian minister , it is an ungraceful exit from his political career unless he can prove that he was innocent. One can’t help but feel pity for him. Never in his wildest dreams, would he have thought a night (or day?)of indulgence in his sexual fantasies would make himself land on every Keralite’s television screens.
Wednesday, December 7, 2016
Jayalalithaa – Farewell Puratchi Thalaivi Amma
Born into a Tamil Brahmin family in Mysuru, excelled in academics, pushed into film industry by mother at 16, excelled in movies, pushed into politics by mentor, excelled in politics, the Iron Lady of Tamil Nadu---whose own life was never in her control---controlled the lives of 7 crore humans of an ancient, conservative civilization. That is the life of Jayalalitha in a nutshell.
Entry into politics for women in India is tough. Let alone someone who comes from a family with no political legacy. The meteoric rise of Jayalalith more popularly known as “amma” for millions was nothing short of amazing.
Jayalalitha epitomized sheer determination, will power, boldness and rose to such exceptional heights, it will be an arduous task for any one to even come closer to the level where she had reached.
Among other things, Jayalalithaa’s legacy will be remembered in terms of what she did for the alleviation of the poor. Schemes such as cradles for babies, gold for girls getting married, subsidized meals at Rs 1, free water to households, subsidized bottled water, free power of 100 units per month and so on are introduced by her. An unique aspect of some of these schemes is the implementation which has been great like the mid-day meal programmes which has almost forced parents to send their children to schools for the meal and also thus ensuring that they get educated in the process.
While it all sounds inspiring, Jayalalitha’s rise didn’t come without her fair share of struggle.
At the age of 16 she was pushed to act in movies by her mother and then she goes on to become one of the biggest female stars in the Tamil film industry. The late MGR has been instrumental in her entry into politics in 1982 and her ascent in his party AIDMK.
On 25 March 1989, amidst heavy violence among the ruling DMK party members and the opposition. Jayalalitha was brutally attacked and visibly molested by the ruling DMK members. Jayalalitha left the Assembly with her torn saree -drawing a parallel with the shameful disrobing of Draupadi in the epic Mahabharata and vowed to not enter the house "until as a Chief Minister". True to her words in 1991 she became the Chief Minister of Tamil Nadu with the backing of Congress.
She became the ‘Iron Lady’ of Indian politics as a result of the setbacks she faced through out her political career. Every stumbling blocks along the way made her stronger and guarded.
Ever since 1969 Tamil Nadu has been ruled by Movie stars or movie script writers.Why? Because as in any big democracy, face recognition counts for a lot at the ballot box in India. But Jayalalitha stood out among them as a courageous woman and someone who had to find a foot hold in politics on her own after the demise of her mentor MGR.
Jayalalitha’s death can be termed as an end of an era for Indian politics. She has touched the hearts of millions with her charisma and leadership skills. For students of political science, Jayalalithaa’s life is a perfect study material to learn how a female leader from a humble background emerged as one of the top leaders of the country fighting all odds.
An ancient Tamil proverb avers that "The best place to store one's wealth is in the stomachs of the poor". Having gathered much good karma in the final decades of her life, Jayalalitha has left us for a better place where we hope that she finally finds the peace.
Wednesday, November 23, 2016
Kerala’s Co-operative banking system in crisis post demonitization
The quantum of deposits in the cooperative banks has always been baffling because the 2012 credit survey showed a high level of indebtedness by people in rural areas. If the people in rural areas are in such debt, how can the banks, which serve the same areas, have so much in cash? Obviously, the inference is that the deposits are not by poor people, but by those with a lot of cash. Nobody, other than the banks, know the details of these deposits. No source of income is asked, no TDS filed, no PAN required and hence no reporting to the Income Tax Department. The interest that accrues from these accounts are also tax-free. Some, therefore call this the Swiss Banks of Kerala. There is certainly some merit in the argument that it’s a great mechanism for the rural moneybags to evade tax unless they come under the lens of the RBI.
Co-operative banks in Kerala enjoy a rich legacy; they provided credit for farmers since the 1950s and 1960s, years before commercial banks found a foothold in the state. With a customer base of more than 10 million, the four-tier banking system is one of the largest in the country. It has 20 state co-operative banks, 60 urban co-opeartive banks, 784 district co-operative banks and 1,611 primary co-operative banks under its umbrella. The primary banks have more than 2,500 branches. The state, urban and district banks follow the Reserve Bank of India (RBI)’s guidelines, while the primary banks come under the district banks and follow the directives of the Registrar of cooperative societies. Primary banks account for 80% of the estimated 1.27 lakh crore deposits. Primary cooperative banks deposit money with the RBI-monitored district banks.
The crisis in co-operative banking system began almost a week after Prime Minister Narendra Modi’s surprise announcement that made 1000 and 500 rupee banknotes illegal tender. On November 14, the RBI stopped primary co-operative banks and district co-operative banks from accepting and exchanging the demonetised banknotes.In the interim period that had passed, between November 9 and 14, Rs 280 crore worth of old notes had been collected as deposits from account holders, though banks did not give out new notes. These deposits are believed to have been registered as pre-dated fixed deposits.
It is believed that money-laundering suspicions forced the RBI to impose curbs on these financial transactions. The apex bank has not given any specific reasons for the decision so far, but its order paralysed the primary co-operatives. While the district banks are issuing new currency, primary banks can now neither accept scrapped notes nor issue new ones. They just have to do a balancing act with a meagre amount of Rs 24,000, provided by the district banks every week.
At the core of the current crisis lies the issue of transparency. It is alleged that primary co-operatives do not follow the KYC (Know Your Customer) process, thus making it easy to stash black money in benami accounts, i.e., accounts whose beneficiary is not the account holder on record. Successive state governments have objected to the RBI’s attempt to bring primary co-operatives under its ambit and make the system more transparent.
Both LDF and UDF state goverments have hugely contributed to the current predicament of these banks. They have always resisted move to make the system transparent obviously due to political reasons. And it is amusing to notice that both LDF and UDF hand in hand are now running from pillar to post for relief.
A task force set up for the revival of rural co-operatives in 2004, chaired by A Vaidyanathan, Emeritus Professor at Madras Institute of Development Studies, had suggested that “State governments need to make legislative amendments to enable the RBI to exercise its regulatory powers under the Banking Regulation Act directly, and not through the Registrar of Cooperative Societies (RCS), if the cooperative banks are to be regulated effectively”. It further noted: “The state governments should enter into an appropriate memorandum of understanding (MoU), agreeing to desist from interfering directly or indirectly in the management of the finances of these banks”.
Successive state governments have brushed these recommendations under the carpet and never acted on them.
The issue has taken a political turn with BJP state general secretary, K Surendran, alleging that the ruling Communist Party of India (Marxist) and the principal opposition Congress party stashed illegal money in cooperative banks, and this is why they are afraid of RBI intervention.
In a letter to Jaitley, he said that close to Rs 30,000 crore of black money had been deposited in cooperative banks in the state without paying income tax. “The depositors include politicians, real estate mafias, hawala dealers and terrorists. It will be for the benefit of the country if these deposits are verified and necessary action is taken,” he wrote.
With the Centre adopting a tough stand on unaccounted black money, observers believe that the primary co-operative banks have to fall in line and commit themselves to follow RBI guidelines, if they wish to resume banking services.
However even if the regulations are eased these banks may face further issues. Firstly a potential exodus of investors to private and nationalised banks could wreak havoc. With a meagre Rs 40,000 crores currently in hand and an estimated Rs 80,000 crores currently in the market as loans, these banks will not be able to return the Rs 1.27 lakh crores deposits they have accumulated.
As for BJP, it is a political win. Not only did they choke the money flow of Congress led UDF and LDF in Kerala, they have also effectively managed to destroy the co-operative sectors controlled by these two alliances.
Thursday, September 1, 2016
Mukesh Ambani's Reliance Jio to give incumbent telcos a run for their money
1
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Free voice
calls
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2
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Zero roaming
charges
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3
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45 plans at
Rs.50 per GB
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4
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Students to
get 25% more data
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5
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Free data
services for the first four months after the launch
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6
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10 tariff
plans starting at Rs 19 a day for occasional users
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7
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Rs 149 a
month for light users, Rs 4,999 a month for heavy data users
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8
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To achieve
100 million customers in record time
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9
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"Super-affordable”
handsets under the LYF brand starting at Rs 2999.
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10
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To be
formally launched on September 5
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