Kamala Harris – Woman in Focus

Kamala Harris was born in 1964 to Shyamala Gopalan, a carrier researcher from Chennai and Donald Harris an economics professor from Jamaica. In 2004 she became the first black woman to hold the seat of Sanfransisco’s Attorney. In 2011 she became the first female Attorney General of California and in 2016 she was elected to the Senate from the State.

When she was the Senator Kamala Harris was picked to be the running mate of presumptive Democratic nominee for the presidency, Joe Biden she became the first black and Indian American woman on a major party presidential ticket in U.S. History.

Her mother Shyamala Gopalan was a cancer researcher from Chennai, both were involved in civil rights moments and she was known for her campus activism. Her parents divorced when she was a child, and Ms. Harris and her younger sister Maya were primarily raised by their mother, visiting their father on weekends and during summer holidays only. Both the children were inculcated in the younger days through her mother’s friends who were all civil right activists and intellectuals. Most of the laurels were learnt for Harris through her grandfather P V Gopalan and Grandmother Rajam Gopalan.  They have taught Harris in the younger days when they were having strolls in the beach in India about democracy and civil rights. The children had adored and admired by South Indian culture adapting to various conventions. Her mother was aware and very much knew that the American society would see the Harris children as black girls and was determined to make sure they would grow up to be confident, proud black women. Ms. Harris attended the historically black Howard University where she majored in economics and political science.  After getting a law degree from UC Hastings, Ms. Harris began working as a prosecutor in Oakland. As a California AG, she was criticised for not adequately investigating charges of prosecutorial misconduct and defending convictions that involved police officers inserting false evidence. She also as AG, she appealed a judge’s ruling that the State’s death penalty was unconstitutional. And also argued on that it was her duty to defend the State’s laws regardless of her personal beliefs. In recent years Ms Harris emerged as a strong proponent of criminal justice reform. Since 2016 as U S Senator was very powerful on various committees on Intelligence, and Homeland security. One of the important things she is known for is her prosecutorial style of questioning the at Senate hearings very easily.

In terms of Foreign Policy Ms. Harris has said she would work with the Chinese Government on common interests, like climate change, while addressing the country’s human rights abuses such as with china’s Uighur minority. This has complicated her views comparing China and this has damaged US interests.

While speaking at Delaware last week, MS Harris and Mr Biden at their first appearance together since the VP announcement – emphasised the Trump administrations’ botched response to the pandemic the state of the U.S Economy with more than 16 million unemployed and race relations. Mr. Biden’s economic recovery plan for /America with the theme Build back better will likely be the focus of the initial days if a Biden-Harris administration.

Now that she has become a serious contender for the Vice Presidency.

The US elections have to have a say on this soon.

Jaihind

T Mohenchander

http://www.comengetgoing.com

email id mohen632gmail.com

Mob 9003535787

 

Ajith Doval   Indian James bond

We all know very well the James bond character was developed by Ian Fleming in all his films.  The imaginary character has become a true element through his films.  Every film has its heroic deeds and the hero does it in style and systematic.  We all love thy character James bond.

We can see that character in real life today.  He is none other than our National Defense Advisor Mr Ajith Doval. The 75 year young man is the topic of our Indian history today and he is running the roost. He is basically from Kerala and joined the IPS batch of 1968.  While there was turmoil in Telichery in 1971 he was asked take responsibility of tackling the melee. He was requested by Mr Karunakaran of Kerala Chief Minister then. He brought down the turmoil between the two societies in a week’s time and settled the issues amicably. He then joined the central team in the year 1972 and since then he did everything like a James bond.

During 1999 the Kandahar plane hijacking incident he was one of the three participants who brought in peace. From 1971 to 1999 he had involved in about 15 hijacking cases of planes and solved those issues in a very subtle manner. He also headed the IB for over ten years and in charge of Operations sector. There was turmoil in Mizoram requesting for separate state status in the year 1980 and Doval was sent in as the emissary and see that they are known about the interest of India and its governance. He also brought to books the illegal activities in Myanmar and intrusion of Chinese forces and brought the same to the knowledge of home ministry. After bringing in peace at Mizoram ,Doval was sent to Sikkim to control the happenings there.  With definitive plans he brought in Sikkim under the Indian control. During his tenure he also learned the action plans to thwart terrorist activities. At the Pakistan Embassy he was also working in the Commercial section. During that period he was looking over the Sikh pilgrims and Khalistan terrorists during the operations there. He was giving information’s about the Khalistan activists and communicating with the Indian Home Ministry. Then in India, he was in the Black Thunder operation in Amritsar and his presence was as important as worthy at that time. During 1990 he was sent to Kashmir to look after the terrorist activities of Pakistan there. The important aspect was, he made the heinous crime makers like Kukka Barova and changed his mind by discussions and talking, made him to stand against such terrorist activities. 1996 saw the change in Kashmir and the assembly’s election was done and presence of Doval was very important in forming a government. In 2014 ISI terrorists have captured around 45 nurses in Iraq and by Doval’s efforts they were all freed peacefully.

The most important was his participation in organizing and conducting the 2016 surgical strike against Pakistan to show our strength against the URI attack in Kashmir. In Doklam issue also he was working in hand in glove with Ministry of External Affairs to solve certain important issues in China. 2019, last year Pakistan has killed 40 of our police force in Pulwama of Kashmir area. He repeated the surgical strike against them in a planned manner without any hindrance to our routine activities.

He has become the talking figure of Indian Government after taking over as the National Defense Advisor and repeatedly playing his part in securing the lives of all Indian citizens. Our Internal and external intricacies are very difficult and hard to digest.  He plays a good part in handling any such issue in a manner no one would know about his plan and action.

His credits for his innovative and established handling of very many assignments are as follows.

When he was young he was awarded the Police Medal and also the President’s medal for his deeds.

He was also awarded the “Keerthichakra”. He was the first Policemen to get this.

National Defense Advisor position equals to a Cabinet Minister rank.

He is also responsible for External Affairs and responsible for the lives of Indian living abroad. He can involve in Space Research Activities, Nuclear Energy ministries and involve and contribute his share. National Defense council researches and connected developments, he can interfere and help out the developmental propositions too.

Are we still thinking to name him as our Indian James bond? Yes, it is very right to name him so, his disposition of things at all levels were really exemplary.  We need such eminent personalities to control and govern our policies and culture. We respect you Sir, and your contributions are more needed for our country.

Jaihind

Ajith Doval   Indian James bond

We all know very well the James bond character was developed by Ian Fleming in all his films.  The imaginary character has become a true element through his films.  Every film has its heroic deeds and the hero does it in style and systematic.  We all love thy character James bond.

We can see that character in real life today.  He is none other than our National Defence Advisor Mr Ajith Doval. The 75 year young man is the topic of our Indian history today and he is running the roost. He is basically from Kerala and joined the IPS batch of 1968.  While there was turmoil in Telichery in 1971 he was asked take responsibility of tackling the melee. He was requested by Mr Karunakaran of Kerala Chief Minister then. He brought down the turmoil between the two societies in a week’s time and settled the issues amicably. He then joined the central team in the year 1972 and since then he did everything like a James bond.

During 1999 the Kandahar plane hijacking incident he was one of the three participants who brought in peace. From 1971 to 1999 he had involved in about 15 hijacking cases of planes and solved those issues in a very subtle manner. He also headed the IB for over ten years and in charge of Operations sector. There was turmoil in Mizoram requesting for separate state status in the year 1980 and Doval was sent in as the emissary and see that they are known about the interest of India and its governance. He also brought to books the illegal activities in Myanmar and intrusion of Chinese forces and brought the same to the knowledge of home ministry. After bringing in peace at Mizoram Doval was sent to Sikkim to control the happenings there.  With definitive plans he brought in Sikkim under the Indian control. During his tenure he also learned the action plans to thwart terrorist activities. At the Pakistan Embassy he was also working in the Commercial section. During that period he was looking over the Sikh pilgrims and Khalistan terrorists during the operations there. He was giving information’s about the Khalistan activists and communicating with the Indian Home Ministry. Then in India, he was in the Black Thunder operation in Amritsar and his presence was as important as worthy at that time. During 1990 he was sent to Kashmir to look after the terrorist activities of Pakistan there. The important aspect was, he made the heinous crime makers like Kukka Barova and changed his mind by discussions and talking, made him to stand against such terrorist activities. 1996 saw the change in Kashmir and the assembly’s election was done and presence of Doval was very important in forming a government. In 2014 ISI terrorists have captured around 45 nurses in Iraq and by Dorval’s efforts they were all freed peacefully.

   

The most important was his participation in organizing and conducting the 2016 surgical strike against Pakistan to show our strength against the URI attack in Kashmir. In Doklam issue also he was working in hand in glove with Ministry of External Affairs to solve certain important issues in China. 2019, last year Pakistan has killed 40 of our police force in Pulwama of Kashmir area. He repeated the surgical strike against them in a planned manner without any hindrance to our routine activities.

He has become the talking figure of Indian Government after taking over as the National Defence Advisor and repeatedly playing his part in securing the lives of all Indian citizens. Our Internal and external intricacies are very difficult and hard to digest.  He plays a good part in handling any such issue in a manner no one would know about his plan and action.

His credits for his innovative and established handling of very many assignments are as follows.

When he was young he was awarded the Police Medal and also the President’s medal for his deeds.

He was also awarded the “Keerthichakra”. He was the first Policemen to get this.

National Defence Advisor position equals to a Cabinet Minister rank.

He is also responsible for External Affairs and responsible for the lives of Indian living abroad. He can involve in Space Research Activities, Nuclear Energy ministries and involve and contribute his share. National Defence council researches and connected developments, he can interfere and help out the developmental propositions too.

Are we still thinking to name him as our Indian James bond? Yes, it is very right to name him so, his disposition of things at all levels were really exemplary.  We need such eminent personalities to control and govern our policies and culture. We respect you Sir, and your contributions are more needed for our country.

Jaihind

T Mohenchander

http://www.comeongetgoing.com

email id moehn63@gmail.com

mob  9003535787

 

 

 

 

 

India Vs China   Trade Imbalance

India has prohibited recently around 50 apps of Chinese origin including TIKTOK and more so. May be this is in effect of the recent killings of 20 Indian soldiers in Galwan valley. May be a consolation for the above attack.  When we analyse the trade treaties with China we should take into so many aspects into account and update the present situation. A country’s strength lies in the balance only when our exports are more and imports are less. In the context let us take into account of exports by India to China. Iron and iron ores, dried ash, Natural pearls, costly and precious stones, cotton, cotton yarn, Textiles goods, bony sea animals etc. At the same time let us take into account of our imports from China. All spares of Nuclear reactors, Furnaces parts, Electronic spares, Communicative equipment’s, TVs, and its spares, Plastic products, Iron semi-finished, Thrashed steel.  Understand one aspect we export all products at a cheaper price to them.  Whereas we get back from the Iron ore the finished products of Iron. We are exporting such goods which are unwanted by us in our local market, whereas we get imported the Plastic products of all kinds and TV and all electronic goods at a price much higher than our export cost.

The trading has been happening for the past 20 years with China. In the year 2019 India has exported to China around billion dollars whereas our imports have been up to 68 billion dollars. Unless we equalize and balance our strength we cannot come out of the clutches of our business treaty. A country is judged by its industrial climate and the number of corporate that take the economic development cluster. If all those belong to foreign investments we cannot circumvent the intricacies of the trade. The Profits are taken by Foreigners only. Based on this scale there are large Chinese corporates are running in India. The infrastructure projects are mostly by Chinese like our country’s Bridges, Roads, Metro Rail projects, Mines, are the major ones. Each carries a tag of Crores and Crores of rupees. The recent one being the Tunnel path of Delhi to Meerut and its metro rail project has been at the hands of Dunnel Engineering has taken in the auction that valued around 1126 crores. China will be exploiting the cheaper labour costs by employing Indians and earn sizable profits.

We are feeling good while arresting the 50 apps of china and whereas they have really taken the pile strength of Cell phone sector in the past five years. Like XIOMI the manufacturer of cell phones have introduced Xiomi, Oppo, Realme cell phones are vandalizing around 50% of our market shares. We were good in production of software products earlier.  But at the advent of Chinese occupation they have entered into Computer and peripherals in a large manner. Not less than they have entered into the electronic field too, by companies like Shanghai Electric, Harbin Electric, Dongfang Electric all are Chinese presence.

Of course we too have established in China through our organizations. We have establishments in Shanghai and Beijing.  The most important companies are TATA sons, Reliance  Industries, Infosys, TCS, Wipro, Mahindra & Mahindra, Suzlon Energy, Sundaram Fasteners, Binani Cements, Dr. Reddy’s laboratories, Aurobindho pharma, Matrix Pharma, NIIT, Bharat Forgings, APTECH etc.

The Mathematical calculations would prove you how are we at the mat. The total production value by India are amounting just 2.6 trillion dollars. The Chinese on the contrary valued at 13.6 trillion dollars. The beauty of this is 13 trillion dollar GDP strength of China is having borrow-able levels of just 5 trillion dollars only.  This is not even just 50%. Whereas the Productive capacity of 2 trillion dollar proposed by India is having the borrow-able limit of over 1 trillion dollar. In this last four months of Corona we have even submerged and lying very low in terms of our manufacturing effect.

China is standing six times higher than our trading. In fact china has benefited through small and cottage industries in various parts of China; we are having all the utensils from kitchen to wardrobe and so many things from china today manufactured by China through their cottage craftsmen. All these industries are comprehended by all those corporates and sent to India with higher tag value. But in India our small and medium and large industries are not doing well in the last ten years. Most of the companies are facing either lock out or closures.

Our only resort is to bring in those cottage industries to lime light and reverberate and resurrect our small and medium industries. They have to be taking proper care and see that those industries have to bring into a level of worthy manufacturing industries.  For this the Government has to put in their prospective plans and projects to make them come back to action.  The fittest way is to bring back like Guindy industrial estate of Chennai and Ambattur Industrial cult has to be reinvigorated with energy and environmental assistance.  This not only solve employment problem and the economic culture will also grow. We need to pin on our exports alone to compete with any country; otherwise we had to lie on imports which will definitely harbinger our economic balance. To compete with China this trade imbalance has to go and see that our Industrial climate is sufficiently encouraged and improve on a war footing.

We shall all endeavor, we reach in the milestone at a not too distant future.

Jaihind.

T Mohenchander

http://www.comeongetgoing.com

mail mohen63@gmail.com

9003535787

Border dispute with China

The whole world is surging with Corona and its survival. But china is pervading with all evasiveness in having border dispute with our Country and the recent Galwan attack has laid down our 20 soldiers.  The whole attack was barbaric and most unwanted.  I don’t think this attack is not just decrying the LAC agreement. It has a different feel and different ethics, which has been exposed. Let us first analyse the History of China in this regard.

After Wu Zindo, Shi Jinping has been the ruler since 2013. Earlier the ruling has been for ten years alone for any politburo members.  Now that changing the constitutional laws Shi Jinping has acquired to hold the post for indefinite period. The next step he took that was, created a silk route under his plans, One Belt One Road (OBOR) Scheme he wanted to take the Chinese products to European, African and other countries. He wanted to have their centennial celebration effort to complete the same in the year 2049, this being the base he had created the OBOR and envisaged his ideas. The idea is to unite around 70 countries under this plan through Rail route spending around 62 billion dollars. Converting all the ports through rail route and exchange his country’s trade in a decisive manner. Then take on that trade through ships to other continents of this world. Forthis purpose, to give aids to those countries which agree to settle with his plans and creations by monetary support.

In South Asia and Central Asia, the countries that are facing acute drought and paucity of economic development have agreed for such aids and supporting China. This includes our neighbour Pakistan too. It has given its Gwadhar port to China to have its functions. The work on this almost over from China, from Beijing to Korkos and from there to Pakistan then on to Gwadhar has been finished. Added to this China is starting a Rail Route in Pakistan which shall go through Pakistan Occupied Kashmir area Baluchistan and end up here.  The trouble starts here for India. Remember the Belt and Road Initiative has not been agreed by India and not signed it. This will definitely plunge those countries which have been aided by China. India has disputed this rail route strongly. Our proclamation of Kashmir under article 370 and BRI initiative not signed by India is the stumbling block for China. As India has not agreed for aids and help, China has taken the assault on us in Galwan valley. The same is with Doklam for the last 3 years.

The other reason for the above is, India is started developing the Chabhar Port in Iran which is closer to Gwadhar port and this has irritated China. We have already started our work at a cost of 4000 crores since 2016. India is going to manufacture Aluminium ores and Fertilizers Production Units etc. in the days to come. There is also a scheme through a pipe line from Iran though Pakistan which shall reach India. Not only this, in Afghanistan at Hajigak there are enough Iron ores, those places are taken for lease by our corporate to do business and promote trade. These products would be shipped through Chabahar port to India. We have already created a route of 250 kms distance of 8 way roads.

When there is such an improvement done by India which has clearly affected China in their silk route they are very much in dare straits as for as India is concerned. That is the reason all these recent LAC violations. Not only this, in Taiwan their asking for Independent status, India is supporting.  Added to this Hongkong internal struggle is also supported by India. In this connection the most important aspect, is Modi meeting Shi Jinping in the last 6 years they would have met 16 times. The result oriented meetings were specifically in Wuhan in 2018 and in 2019 at Mamallapuram, Chennai. On these meetings there was no discussion on border disputes, only trade and business were discussed. That is the reason three years ago China was fighting in Doklam near Bhutan for 78 days and could not do anything. Our Indian system is to get anything without fighting and we have been winning by this attitude.

China’s belief at this Corona crisis as there has been severe backdrop financially for all major countries it has taken this as a business opportunity and wanted to strike when the iron is hot. But India’s support has been negative and this puts hurdles in China’s policies.

Most importantly both the countries are not interested through military force, the object can be achieved. Because India knows that this assault is only Trade and business deals and very much China on the cards to break Indian ideas.  But it is not happening.  Hence they are showing their strength in bits and pieces by this Galwan attack and else. However we have lost 20 soldiers and India will never lag behind in opposing, or our Prime Minister Mode has time and again made sure that we shall wait, when we needed, can definitely show our strength.  Let China be assured we are a great Nation and we have policies to show that we are also capable of violence when needed.

Let us wait and see how this Belt and Road Initiative of China takes on.

Jai hind.

Uttar Pradesh in Revival mode

The Chief Minister of UP Yogi Adhithyanath has taken an oath to revive the state and its policies to strengthen. He wants all his migrant workers to be brought back to his state and taken care. He has made it a concern to bring them and provide them shelter and create avenues of jobs in the respective portfolios. He wants to compete with other states and win over in retaining the migrant workers and taking care in all their needs in a systematic way. He wanted to grow more jobs and completing a blue print shorts.  In fact he has an idea to follow Lee Kuan Yew of Singapore who wowed to make Singapore as the best Asean Nation in the world and Mahatma Gandhi, Father of our Indian Nation who made known the prime subscribers to growth of Nation is the people from the villages. Migrants are returning to village from the Cities of various states. This was Gandhi’s vision to get a PURNA SWARAJ, unless all the villages in India till they get economic social freedom India cannot be a free country.

Lee has declared in 1965 when he founded Singapore that he would make this country as the best second ASEAN Nation in the world. He wants to develop the power of his nation as any other nation in the world. His prime idea was to improve the GDP of the country by auguring his interest on every citizen. His country did not have any natural resources like, oil and minerals for survival. He made use of shipping routes between East and west and started inviting companies from the U.S, Europe, and Japan and asking them to set up Manufacturing Industries by using the Singapore laborers. The companies were benefited by the low cost labors available in ASEAN countries like Singapore. It was the more attractive location for those foreign companies. All of them welcomed his invitation, but Lee had a condition. He did not want his labor force to be enforced in low wages.  Wages has to rise and hence wanted to start such Industries which would give his labor force, high end jobs which would offer them higher wages and the entire country’s per capita income is raised. Resulted in forming global chain supplements. MNC’s were on the lookout for lower cost resources. If the companies improve Lee thought they are tend to move into neighboring countries, hence made them created absolute First class infrastructure in every avenues and at the same time done the up gradation of skills for Singapore Citizens. This has developed their earning power more and more. One of the giants Indian JRD Tata set up a training center and a precision tool room in partnership with the Singapore Government. This has created to build foundations for Industrial development in Singapore.

The rules of the migration set up quite easy for the migration clients to get into offers of the developed countries to earn more. The investors can leave the place whenever they wanted and this has resulted in local labor at a loss. Hence every government should see to it the migrant workers are benefited equally and see that they are not partners in investment but they should be seen as wealth contributors alone. Economist should advise this to government they are not the tool for investment and hence proper care to be taken.

UP is a complex state, because Singapore is Nation with 6 million population, whereas here the population of UP is 200 million and the comparison is very hard to nerve in between. This has dozens of towns and thousands of villages and the entire citizen have to be taken acute care to control them with Proper economic and social freedom which Mahatma Gandhi said. Unless we strengthen this up we cannot grow our nation as a whole. In Lees, Tata’s, Gandhi’s books diluting the rights of workers to make life easier for investors was not done.

Now that UP has decided and need to follow the Gandhian Economics only. This is based on a simple principle. One, human beings and local communities must be the means for human progress and their well-being must be the purpose of progress too. The next one governance must be strengthened at the local level, in villages and cities first. Wealth has to be good, but wealthy people must only be trustees of a community’s wealth, and not its owners. The alienation of owners from workers must be reduced with the creation new models of cooperative capitalist enterprises where the workers, not remote capitalists, our state ,are owners of these enterprises.

The Present health crisis and economic crisis brought everyone to think about regrouping the citizen and their well-being.  Every other state has taken cognizance of this prevalent situation now. Of course UP and its leader has taken and become a forerunner in bringing about thinking their mighty migrant workers who are all from villages has to be dealt with seriously in bringing back the Gandhian Swaraj lifting their economic and social freedom.  Hopefully all other states too take a leaf out of this and see through the message properly and do resurrect.

Jaihind

T Mohenchander

http://www.comeongetgoing.com

mail id moehn63@gmail.com

mb 9003535787

India Opens up all Sectors

There has been big uproar over the opening up of certain sectors to private by Mrs. Nirmala Seetha Raman, Finance Minister of India recently. This has been the biggest abuse by the Tamilnadu DMK party just because they do not have any hold at the center, started lamenting and ranting against Modi and his governance.  Even leaders like Nehru, Kamaraj, Indira Gandhi, and Rajeev Gandhi had faced such brick bats during their rein of governance. What the finance minister had announced now are very unique and economic restructure. We have seen the whole world has been caught unawares by the Corona Virus and every other country is suffering of topsy-turvy situations. Of course India is not an exception, we have seen the worst scenario, but still we are among the least affected among-st the 212 countries affected by this deadly virus.  Even today the New York times have applauded Modi’s leadership in containing the Corona Virus when compared to country in spite of 136 billion populations in this country.

In this crisis America can raise up when oil prices grow, Arab state also comes up into the open when the sanctions imposed on Iran are released.  But in India to revive the economy and its structural changes it takes time.  Only to prevent any disaster this privatization policy has been announced. This 20 lakhs crores package is for some important achievements. Our Allocation to Navy around 40000 crores has been deferred on the submarine projects. Import of defense equipment’s also deferred. There have been rumors to spread these 20 lakh crores to individuals in India in their accounts. Then all those will go into unlawful activities benefiting no one.

Taxing is the form government’s revenue. If we do not engage our funds in the Industrial, health, Defense, and Army there will be no return to the governments as tax.  What we invest is being returned in the form of tax. We have only deferred these high cost projects like ‘Submarine development and management, Ports development and not left over once and for all. We need targeted circulation of big money in the hands of the Government. We need to create Industrial viability opportunities for development.  Hence we have decided to open up the sectors whichever is possible.

For example Coal is a product is a must in Nuclear Plants and if the same is digged in India that money gets rotated here in our country itself. Nuclear development and involvement of Private entities is not new to countries like America and Russia and they have been utilizing their services too. To make spare parts for our nuclear plants inviting foreign companies and asking them to make in India is going to bring in lot of employment and cash liquidity in our country. Our money gets circulated in our area itself. At the same time the Agricultural sector also given some special features for their development.  When our Indian bureaucrats like Mittal, Shiv Nadar, Narayana Murthy and bigger giants have been doing business throughout the world why not we invite foreign sponsors to share in the existing exposures in India. In taking and developing Indian Airports inviting the private sector is going to be an important investment. Because all that required for the airports developments which cannot be invested by the government alone.

We should take into cognizance of the world is getting changed on account of various ailments due to this virus, we do have an idea of luring those Industries who are willing to get out of China. Of course in Electronics field those industries will not come out of Korea and Taiwan. But they can very well contribute and improve upon the defence sectors and nuclear development programs. That is why all the other bigger nations around the world are eyeing India as the safe center and we are not derelecting such opportunities and wanted to grab them. That is what is done by India now. The finance minister is doing the right things in the right time. There seems to be a definite strength and courage on her functioning and working which will definitely yield results to our country. Like Indira Gandhi during her ruling she leaned toward Russia opposing China, left America in the lurch.  This has affected us by not getting American support and ultimately China got the best of American support and grown today as the biggest country. If Indira Gandhi has changed her leaning towards USA means we would have been in an enviable position. Now that in China also there has been number of Private big giants are in the placement and improving the country.  Hence we need not find fault with the present policy and pronounce the same as the right one and we all stand by the finance minister to lead this great nation into various levels. Today from Software to multiple private industrial developments are because of Tats, and Ambanis and all their projects are aimed at developing India. And their taxes are coming back to us as investment returns.

We have been gifted to have a leader like Nirmala Seetha Raman and she has been carrying her flag and portfolio in fine mettle and she will conquer the milestones by her sincere policies and projects which are only going to benefit India and the Indians.  Remember, all those bigger projects which are presently kept in abeyance will come into operation once the situation improves.

Let us support India, we are all Indians and all of us have to join hands in the policies of the government at the right time and with right earnest. Our country is second to none.

Jaihind

Bank Loans – Write-off

Most of the Indians are under the impression that by writing off loans given to borrowers in the banks are those loans treated as non-returnable ones.  This is not so.  Even the write off loans of Mallaya and Chokshi and Nirav Mody and etc., amounting to 68000 crores are thought so.  In realistic view it is not so.  Each one of us has to understand the predicament behind that and analysis of such bad loans. I shall cite you with some examples hereunder which will bring in you the real picture of those exercises. For example a person named A has borrowed some loans from the banks and he had returned the installments and interest intact and settled his dues to the bank means he is not a problem at all.

Stage One

Suppose A is not able to pay back his loan due to difficulty in his business, comes over to the bankers, pleads his inability, seeks more time for repayment of his credit outstanding, and promises by hook or crook he shall pay it out.  Then the bankers will analyse his realistic situation by going into his accounting details and as he has really lost because of promising reasons in the business or diversified his loan and other aspects with his borrowings.  If they were satisfied about the promises then they would call the borrower and do the Restructuring of the borrowed amount.  There are like this some big borrowers accounts amounting to Crores invested in hospitality business and asked for a restructuring because of loss in business, the banks after analyzing permitted for the same and today he is paying his dues on time with interest and again bounced back to normal levels.

Stage two

Take for example of A, in a stage where he faces acute losses due to obvious reasons and unable to pay back the bank dues and request the bankers and submits his inability and informs them that he is going to close his business shortly and needs the bank’s help. In such cases bankers will go deep into the cluster of things, analyse the loss aspects including closure of his business whether due to rise in prices of raw materials and competition from the foreign markets like china which is selling its products for half the prices of in India.  The bank would have given him about 9 crores as loan and it should have added up interest up to date might have reached around 13 crores.  In such a case, request A for a one-time settlement and ask him to pay only the principal amount alone, i.e… 9 crores alone. A might try to sell his property and other assets and settle the bank for 9 crores as One Time Settlement and come out of the ordeal.

 

Stage three

We take the case of A again.  If he is like our Vijay Malaya who happens to be an intended defaulter and posing to the bankers that he shall pay today and tomorrow and hanging on with the borrowed amount and pleading excuses all the time. Banks will have no other alternative than to auction his properties and bring forth the revenue into his borrowed accounts.  More than these bankers can sue the individual in the court for collection of the balance amount too.  This authority is vested with the bankers. Like Mallaya the borrower flees to any other country also, our bankers through the government, file an expedite treaty and evacuate the borrower from the foreign country.  That is what is happening in Mallaya’s case and very soon, he will be brought in here and proceeded against.

Insolvency Petitions

Bankers can also use the above trump card for the corporate borrowers.  If a corporate has borrowed enough money from the bank and if they have exceeded more than a lakh of rupees in repaying his installment, the banks can infuse Insolvency Petition against them.  The National Company Law tribunal will review this and they would pass on the decision in 90 days’ time. If the tribunal finds fitting of the stage recommended by the bankers then the Corporate will lose its credibility, its directors and others would be fired, and new set of directors will be appointed by the relevant authorities to take control. Suppose keeping enough wealth and the borrowers do not heed to bankers notices and do not repay in time and even after due dates kept dodging means bankers can take up the weapon of implicating Insolvency petition against the borrower and bring him to terms.  There are enough names in the market and in the corporate world, people who have dillydallied liked this, once they have been served insolvency petitions, they run in and rush to the bank settle off all the dues to save their integrity and reputations.

The Bad Debts

Again we shall revert back to borrower A, for example he had borrowed from the bank his present outstanding shows at 13 crores and he is not able to pay bank any amount towards his borrowed till march 31^st of the particular year.  In that case the bank by one time settlement given him 4 crores interest waiver and this waiver is taken as bad debts and they would not account the entire 13 crores in the books of accounts. Hence, they would write off the bad debts portion of 4 crores and show it in the books.  They would be deducting this amount in their profits and there would be a provisioning done in the balance sheet.  If total amount of 13 crores taken into the account means the bank’s balance sheet will not permit, as the auditors will also prohibit that act.  Hence the writing off is done because of all bad debts in every year. Tomorrow any case is proceeded against A is for the total amount of 13 crores and not to 9 Crores.  He cannot plead in any court as the bank has written off 4 crores and I shall pay only 9 crores. These are not permissible and please note the bank has the authority to proceed against him for the entire amount of 13 crores.

We may all think if the banks do not lend at all there will not be any problem at all.  It is not so, if they accept deposits from the public bankers have to pay interest to them.  Unless the banks funds are deployed in credit angles, through which the interest income develops and it is the resource, which goes into payments of salary, expenses of the bank etc. Our Niti Ayog says from the year 2008 to 2014 around 38 lakhs crores have been lent to public is their statement. Of course, every loan is lent with all authority, rules, and regulations safe guarding the interest of the bankers and depositors.

This has been the structure of Indian banking and we need not have any doubt about writing off of the loans, everything is done taking proper care and within the permissions of Reserve Bank of India which is the controlling authority of all banks and it is our central Bank.

Jaihind

We need different thinking

We, the whole country, India is in a dare straits. We are in a very big tight corner is just because of the continuous lock down and the aftermath of this is going to be the crucial period of life to every Indian in this country and this can be taken forward only by our strong and courageous Prime Minister Mr Modiji. We are going to envisage a thick economic climate, which would protrude so many factors to tackle and see through the valet of goody things, which would see that the common person is not put into more hardship and pushed to the corner. Our country is a very wealthy with so many poor people below the poverty line and they are the ones who need our attention at once.

Recently I read an article in a Tamil magazine Dinamalar dated 26^th April 2020 and was very much impressed about his suggestions and am really wondered why not our country takes some leaves out of his finding. His name is Mr. Prithivi Raja Gopal and Administrative Advisor.  He had brought in some hand in solutions and the same is taken in the right earnest we, as Indian can really be proud of about our situation. I have taken some excerpts from his writing.

             

 

We understand that our own Indians hae put and invested their black money in Swiss Banks and other vantage areas to an extent of 10 lakh crores over and enjoying the benefit of hoarding their money without any use to themselves or to our country because they do not pay taxes on that. Added to this we have been told we do have Gold bars worth 14 lakh crores have been kept unaccounted in the hands of certain Corporate Individuals. Due to the Corona and the lock down has put in our treasuries got drowning and if this can be put to use, there would be little to suffer.  Who will bell the cat, create a sound, and see through this ordeal. If these hoarders of black money and Gold, an amnesty be given to circumvent this tight corner.  More so, they are all investing in American bond, which is earning only 2 %, interest for them and that too they all invest for 20 years there. The beauty is that our richest community even invest their black money in Swiss banks just to have security for their assets; they even pay interest on those investments. These healthy assets have to be put into our use and see that our country is coming good on all this tight situations.

There can be certain measure introduced for those hoarders of the black money and gold.  They need to be fully exempted and a permanent amnesty to be given to them for lifetime for bringing in this money and gold.  They should not be put into any other procedural actions for lifetime from the government. The money that is brought in by them can be invested in any leading bank with the permission of RBI (Reserve Bank of India) we should put interest factors with a least ratings to enable them to show a small punishment. This will attract them and see that they bring in their investments and gold to our country. Their black money can be invested in Indian Bonds for twenty years as a cumulative investment and this is matured only after 20 years. They can be paid interest of 2% every year for this investment. Their yearly interest  has to be exempted from the income tax structure. This will attract them to bring in their money possibly in the right way and they are converting their black money into white after twenty years. After this period, the Government can take 20% of their investment and the remaining 80% to be paid to them.  Likewise, the people who are holding gold unaccountable can use this method, bring in the gold, deposit with the government for 20 years, get those gold bonds on previously mentioned interest rates, and make their 80% gold in the accountable circles.

You know our Indian Government is importing gold by paying in US dollars, not in Indian currency for 800 tonnes yearly. We have to bring in an ordinance to release big controls on gold and make the people buy and sell gold properly when you take away the unwanted squeezed measures. They can also pay 30% as tax and bring in the balance 70% as accountable and convert the hoarding gold properly.

By these acts all, the black money would be coming back to books.  All gold hoarders will like to come back to books without having trouble for themselves and to the government. If this is introduced, we need not beg to any country for their investments in India, we shall be having assured money from our own investors and the tax-structured income also will benefit the government.

This will also improve our Industrial growth and Agricultural investment as these black money hoarders and bigger Corporate are investing considerable in Foreign Industries and Profitable investments, of course, the rate of interest is very low at the foreign countries when compared to Indian rates of interest on investments. In this crisis hour, if the Governmental thinking goes in this direction means we can easily get over this lock down as well, we shall have abundant funds for investments for various modes like agriculture and other areas where our government is willing. When our Industries grow our unemployment problems also be reduced considerably paving way to very many opportunities. If the status grows as emancipated even a day will come, our country need not tax the individual any tax and can be out of the regime. We as government can use this affluent wealth in various sectors like housing to poor and the downtrodden and the banks can charge lesser interest on housing loans for the new applicants and each and every household will share the benefit and make our country most developed and we can be really pride of India and also being an Indian.  This is my presumption and I do see the future of India is going to be great and it is definitely not at a distance and very soon, we are all going to have this and enjoy the privileges of this wonderful leadership of our Country, Most enviable Mr.Narendra Modi.  Let us take these proposals to him and I do not think he shall ignore and  turn a deaf ear to this act.

Jai hind

T Mohenchander

http://www.comeongetgoing.com

email  mohen63@gmail.com    mob  9003535787

 

 

Lock – Down Inferno

Microsoft founder Mr Bill Gates has sent a letter to the Indian Prime Minster Modi today… It says…

Grateful to see that you’re seeking to balance public health imperatives with the need to ensure adequate social protection for all Indians. We also commend your leadership and the proactive measures you and your government have taken up to flatten the curve of the COVID 19 infection rate in India. Such as adopting a national lockdown and expanding focused testing and etc…

The aforesaid are the words of a pioneer and world known statesman and he knows thoroughly what are India and its strength and its people. This has been an historic moment and every Indian is in the vicinity of the unexpected tragedy world over, the Corona Virus. The whole world over every country is behind the tragedy and especially America is finding it’s tooth and nail locked down. The death toll is raising every day and every moment like cricket score. The death toll has crossed 17000. They are all worried and do not know what medicine to be used and eradicate this dangerous virus. USA is blaming the World Health Organization and its leadership because they have sided China in this contagious virus. Because of this America has stopped funding WHO. There is no certainty that this virus will stay for 14 days or 30 days everyone is uncertain. It affects everyone the one cured and untested too. Until and otherwise a vaccine is found to rid of this virus it will be very difficult for every country and recourse the schedules.

       

It has created a real Panic in the minds of the people of every country and particular reference to Tamilnadu, some Doctors, Nurses, Police Guards have been attacked and manhandled is a real sorry state of affair. Added to this a doctor in Ambattur, Chennai, who was affected by Corona and died and his dead body was not allowed in burial area and it has been shunted to various avenues and ultimately done with lot of protests and attacks by locals refusing to hold shelter for the burial. People are under the impression that this would be contagious and they are very ignorant that from a dead body this will not spread.

Let this be there the Central Government is under due stress how to get over this scenario after the lock down. A big inferno has been created and the fire is raging and the same is yet get cool and get acclimatized. What errands and what locations and what activities to get started after 3^rd May is still unknown and no one knows a wee bit about the future operations.

After some days it has to be properly gauged how this virus comes down and what shall be the operative formalities and how this has to be followed state wise and central and State conjunctions on this episode has to be clearly drawn. If you really want to initiate federalism each one of us has to think how this is going to decide future imperatives, especially economic balance, economic viability, economic status of the individual, especially the middle and lower middle class how they can tackle this tight situation and come out of it.  More to it the unemployment will shoot up and the downtrodden has to find ways and means to get both ends meet.  There is going to be a big war between the mouth and stomach and we all pretty know the stomach is the priority and it will only win.

Each and every one of us has a call of duty and as an Indian we all have to rise up to the occasion and do our might to the betterment of the needy behind taking care of us and our family.  We have been taught to share and care with the required and it has to be followed in letter and spirit.

Controlled resumption of economic activity: The pandemic’s impact on the global economy is already being felt. Some of us can work from home. But India has millions of people who do not have that option. So in the weeks ahead, it’s important to consider ‘reopening’ key sectors of the economy ¬—with strict physical distancing, hygiene norms and other controls in place. This reopening has to be carefully planned and even more carefully executed.

         

Make public health a focus area: Any investment in public health helps to prevent diseases and leads to the improved overall health of the population. But in India, healthcare, and public health in particular, has not received the governmental attention and financial support it merits. This must change immediately. India needs to view public health not as crisis management, but as a long-term priority.

We also need to make the ‘one health’ approach an integral part of our public health strategy. This involves recognizing that our health is connected to the health of animals, plants and the environment that we all share. It, therefore, emphasizes that efforts to prevent disease should focus not just on human, but also on animal, plant and environmental health. We really can’t afford to ignore this idea, given that SARS-CoV-2 is believed to have animal origins.

Pay special attention to mental health: The upheavals caused by Covid-19 are affecting every aspect of our lives. All of us are, understandably, beset by worries about money and about our own health and that of our loved ones. Bereft of our usual coping mechanisms such as social gatherings or even regular work routines, this anxiety could very easily spiral into mental health issues. So we need to allocate resources to mental wellness programmes.

(Dr M.I. Sahadulla is Chairman and Managing Director KIMS Healthcare Group and the author of Vital Signs: Reflections on a Life in Medicine and Management.

Let us not sleep and keep our heads under our carpets, think and look about those who don’t have even a shelter to sleep down and eat.  It is not only the State or Central Government, they are all doing and shall be doing their best, at the same time to keep up the federalism and think each and every Citizen is our brethren and it will not be difficult to carry your brother while claiming the mountain as you know there is nothing like weight or heaviness, it is going to be your brother and all Indians are our brothers and sisters.

This hour after the lock down is going to be the real litmus test for all of us and we should stand up and work for the country and each and every one has to bring in their best and contribute the best.

Jai hind

T Mohenchander

http://www.comeongetgoing.com

email mohen63@gmail.com        Mob 9003535787