Saturday, 28 June 2014

Decoding- National Herald Case

A local Delhi court magistrate Gomati Manocha's has summoned Congress President Sonia Gandhi and Vice President Rahul Gandhi to present in court before 7th august. BJP leader Subramanian Swamy had filed a PIL against Congress party for misappropriation of funds. This is first time in the history of Congress party, first family of the party has been summoned by an Court.

It can be a wonderful case study for the B-school students, that how congress party made 2000 crores out of nothing. Let’s take a deep look on the case, as it is really misappropriation of funds or merely politically motivated campaign by Swamy as Congress is defending. Lets understand the full case.

The National Herald was established by Congress party veteran Nehru in 1938. The company was suffering from huge loss and as a result closed down in 2008. The National Herald publisher had huge assets in New Delhi, Lucknow, Panchkula, Indore and Mumbai. 

In 2010, a company name Young Indian was started under the Section 25, in the Companies Act, 1956. Congress president Sonia Gandhi and vice-president Rahul Gandhi has acquired 76% shares of the company. The rest of shares were acquired by Congress party treasurer Motilal Vora, General Secretary Oscar Fernandes and Gandhi family friend Suman Dubey and technocrat Sam Pitroda. 

Associated Journal group was facing the huge loss of 90 crores. Young Indian group which was basically a congress party company bought Associate journal in 50 lakhs. In the revert Young Indian company has to pay the loss of 90 crores of Associated journals.

Young Indian company acquired a loan of 90 crores from Congress party only with no interest and took over all the assets of Associated Journal worth 1600 crore. As Young Indian company has got loan from Congress party. It is obvious political parties get the donations from the public money. This is how Congress party own company made 1600 crores in just 50 lakhs.

Why it is a case of fraud-

I have mentioned above how Congress party led Young Indian acquired the public limited company, the Associated Journals Ltd, which is the publisher company of National Herald. The deal is a fraud, bogus and a violation of numerous laws. It is a fraud committed in order to grab the Herald House in Delhi that is located in a hub and which is worth about 1600 crores.

The very first reason is the Associated Journals Company RoC details is that Jawahar Lal Nehru, Feroze Gandhi, Indira, and some other noted persons are shown as current shareholders! In fact, 80 per cent of the original shareholders are no more alive. So too many of the obsolete firms, including several companies having doubtful addresses in Kolkata, are shown as shareholders of the Associated Journals.

The second reason is the acquisition of the Associated Journals Ltd. Judging by documents filed with RoC is absolutely illegal. On Feb 26, 2011, the Board of Associated Journals passed a resolution approving AICC (All India congress committee) had loans to the Company indiscreet and for zero interest rate to quench the obligation of the company of more than rs 90 crore. It is illegal for a political party to give loans to any private company.
The third reason is that Indian Government accommodation cannot be used for private business. In a filed statement by Young Indian disclosing RoC that meeting of shareholders was taken place at Janpath, 10.

The fourth reason is a political party cannot give interest free loan to any business venture. Thus, the deal was to grab all the properties of Associated Journal in Delhi and in different part of UP for a commitment to pay Rs 50 lacs is purely illegal.

Thursday, 20 February 2014

Narendra Modi : The Man who "Appeased for none, Developed for all"

BJP’s Prime-ministerial candidate Narendra Modi’s jingle ‘appeasement for none, development for all’, is an answer to the politics of minority appeasement being experienced in the country for years. This tag-line of Modi is getting vast acceptability in the muslim regions of Gujrat. One of the impact of acceptability of this slogan is BJP’s clean sweep victory in civic polls in muslim regions in Gujrat. BJP got 30 to 60 per cent Muslims votes for BJP in as many as 22 constituencies where Muslims were in prominent numbers. And if the same miracle of this slogan starts having impact at the national level then Modi might occur as one of the first politicians ever to find a answer to the politics of religious appeasement that has punctured the cycle in which nation is running.

The Nasty Movement Against Modi –

For the last twelve years, there had been a deliberate effort to color Gujrat in a very nasty way and term it as epitome of communalism, even when official records getting better year over year. From the last one decade, Gujrat has been the most pacific place without even single communal riot. On the other hand, in rest of the country the situation had been completely different. Starting from riots in several parts of Uttar Pradesh (Muzaffarnagar riots), Bihar and even in West Bengal, where intelligence reports alleges people from Bangladesh came on truck and killed the innocent people and asked them to leave the village(24 Pargana district).  Situation in north-east states is even not very good, In assam, last year a girl was molested in front of police. 

There are also many other tensions in northern east states where the prime crisis is because of a literal incursion by Bangladeshis who have illegally come and settled in such a huge number that the local population is gradually becoming minority. On based on government facts only, there are five crores Bangladeshi living in India, experts claims the number can be even bigger. Even though, it is a big threat for the country.  National media does not cover these stories. All the news debates are digging out some or other problems in Gujrat. In spite of the extraordinary progress and peace in Gujrat. Gujrat is only one of the state in india which has all growth rates from industry to agriculture in double digits.

Even Supreme Court appointed SIT gave clean chit to the Gujrat’s chief-minister did not appease his critics. Many rioters were sent to jail (including Maya Kodnani, state minister were sent to jail for 28 years). Truth though is, we don’t want to listen or face the truth from the muslims of Gujrat.

If India will progress, Muslims will not???

From the past few years, Narendra Modi has been steadily talking about some prominent national issues. Such national issues include the issue of national security, Falling of economy, terrorism and inexorable attacks by Pakistan across borders, beheading of Indian soldiers as well as issues of invasion of Chinese Soldiers into Indian Terrain. Government is silent of all the above issues.

From the starting, Narendra Modi is hovering the issue of black money which needed to be bring back as well as gigantic corruption, lack of economical policies. And he has constantly voiced his worry and criticized the UPA Government for being mute on the issue of massive intrusion of Bangladeshis into India.

Only question arises now, “Are these issues not important for Muslims as it is for Hindus.” If Pakistan or terrorist attacks on India, will it not harm the Muslims and Hindus both of India. Is it not that in terror attacks, Hindus and Muslims both will die? Is talking against terrorism anti-Muslim? Is it not that corruption, unemployment and economic slow down affecting Muslims and Hindus both? 

When Narendra Modi talks about policies of BJP, Does he need to speak separately for Mukhtar Abbas Naqvi cause he is a Muslim. Cause the Nation is not divided in different community. Narendra Modi has always mentioned, his own definition of secularism is “India First”. Anything that is good for India, is good for all the people of country at the same time. India has always been a country of different religions, cultures; it should not divided by undefined definition of secularism.

Media and Critics should move on-

All the religions are the integral part of India. Narendra Modi’s “India’s first” slogan is gradually reach out of Gujrat too. According to Maulana Mehmood Madani former Vice Chancellor of Deoband

“Every One had to accept that Muslims of Gujarat are far better off in terms of economic prosperity than Muslims of the rest of the country. And Modi made it happen without any appeasement politics.”

Media and critics should accept the jurisdiction of Supreme Court and should also listen the voices of Muslims of Gujrat, who are happy and should focus more on national issues which will be better for the country and healthy politics.

Friday, 3 January 2014

Why Modi must be India’s Prime-Minister??

After Godhra riots it was unbelievable that Modi will ever be prime-ministerial candidate but Lok Sabha elections due in April-may, he is the front runner for the post The Gujrat chief-minister has always had a core of fanatical supporters for his good governance and hard core Hindu nationalism and because he has a great vision, he ensures things implemented, people finds him as a savior of India. 

One of the reason for immense popularity of Mr Modi is the growth and development model of Gujrat. When Indian economic growth is moving down and unable to touch 5%, Gujrat has been the highest state economic growth rate. Gujrat is the most electricity producing state. Last year in December when all the states were starving for light, Gujrat was the only state to have electricity.

The Semi-final of the Lok Sabha election, the assembly election in five state, BJP swept out congress in Rajasthan and Madhya Pradesh. In Chhattisgarh, it was a close match but BJP managed to win. In delhi, It was among AAP-BJP and Congress. AAP has many positives, like first time in politics, got the sympathies of people as he had came out of ANNA movement. Even BJP emerged the biggest party and restricted congress to seven seats only. Although BJP did not form the government. Meghalaya was the only consolation for the congress before Final.

The difference between in the mentality of BJP and Congress can be seen by the statements where Mr Modi says “He does not want to align with ant party in Delhi and wants a clean politics” on the other side, Mr Digvijay Singh of Congress says “BJP won 32 seats and even cant form government and we won 8 seats and are in government.” In his 12 year of ruling the Gujrat government, he has never been involved in any corruption charges.

The main heir of this corruption free Government, however, is Mr Modi. He is not only the prime-ministerial candidate for the Hindu, (BJP) but, to an rare degree for an Indian party, he is the public face of its campaign. His critics may say “There was no Modi wave” but fact is never going to change that “His visibility helped account for its success in Rajasthan, Madhya Pradesh, Chhattisgarh and Delhi”.

A dazzling orator, the 63-year-old entices huge crowds around the country. He made a vivid change in Indian politics, whereas parties pay people to listen their leader but Mr Modi charged an entrance fee - which is a positive symbol of the enthusiasm he arouses and a way of making supporters feel they belong to a powerful movement. And the most important thing the money collected from entrance fees were donated to a good cause. 

Many of India’s business giants are captivated with him. Anil Ambani, chairman of Reliance Group titled him “the lord of men, “a leader among leaders” and a “king among kings”. Investors think that he would fire up the economy. Bright young acolytes are giving up well-paid jobs to join his campaign. Youth finds a hope in his speeches and connecting to him.

Narendra Modi comes from a low caste and a modest background as a tea-seller; his success is down to determination and motivation. And in a system shot through with corruption, he is a leader with clean image and good track record of good governance.

Gujarat, a state of sixty million people, has roared in the ruling period of Mr Modi as he has cut red tape and built roads and power lines. Business has thrived and investment has decanted. Gujarat holds only 5% of India’s population, yet produces nearly 25 % of the exports of the country. GDP of the Gujrat has boosted under the rule of Mr Modi and its almost tripled. Narendra Modi promises of replicating Gujarat’s industrial development, speedy growth and developed infrastructure across India. This is something new which forces youth to listen his rallies otherwise politicians usually offer cycles, laptops, grains for a specific section.

His critics always says he is danger for muslim community specially after 2002 riots. However, I don’t think it at all and he is not going to be cataclysmic for India’s Muslims. The poverty rate of muslims in Gujrat has dropped down from over 40% to 11% in two decades. He has done to Gujarat’s Muslims what he had to, and attained what he had to.

This is Narendra Modi who has the power and vision to lead India from the front and can significantly help hundreds of billions of the world’s poorest people. If Modi becomes PM, many people and top leaders should be ready for agitation cases and income tax raids.