An orphan called Red Fort adopted by industrialists
Only orphans are given away for adoption. The main reason behind this rescuing of children discarded in garbage bins, drains and hospitals is to share the joy of having an offspring, and add value to the life of parents who want children but cannot have them for whatever reasons. No person has ever given away his or her child in adoption to anyone else. And even if they are reeling in poverty they would not like to be deprived of the joy of bringing up children. But only the poor give away their children for adoption out of helplessness and with the hope that at least their children’s future can be secure that way.
But then, the law never approves of this. If at all anyone gives their children away in adoption to the rich, legal action can be initiated against them. Unfortunately, today the authorities are giving away everything in adoption to the rich and famous, including the land, water, forest, natural resources everything. The tribals who lived in the forest since generations, were asked to leave forest so that they can be turned into national forests and eventually resorts can be constructed by the big names in hospitality.
Industrialists are gradually gaining control of everything that belonged to the poor. Whether it is the space or land or even the seas, they are the sole authorities of these aspects. They have taken away the rights of Mogaveera on the seas and sea produce. Mogaveeras would not only fish in the rough waters, but they also ensured the seas were not polluted by those who wanted to ride its waves. But according to industralists, sea is a goose that lays golden eggs. They are fishing in the deep water of the sea to empty out the smallest of small fishes too. Just the way as extensive drilling of borewell has led to collapse in the water table, seas are turning into graveyards of all varieties of fish owing to extensive fishing. Those who lived in the beach have been chased away to make way for mega resorts. Now, natural inhabitants of these spaces need to obtain permission from the industrialists if they have to even take a stroll around the sea. Public sector industries are being privatized gradually. Railway department has been privatized to some extent. Air India will soon fall into the hands of some rich investor. Private players are entering govt. companies as far as insurance is concerned. The banks which were released from the clutches of private players, are facing the danger of being privatized again.
One would have assumed the party BJP which often speaks about the glorious history and culture of the land would try to protect Indian heritage at the very least. But today Adani and Ambanis are ruling the country with BJP at the forefront. Their money is seen in memorials of this country. Now, in what looks like a result of their own interference in the government along with their advice, the nation seems to be listening to them beyond a certain permissible point. The government is giving away monuments in adoption to make good for the lacunae of money we are witnessing now. Now the red fort has been put on sale for Dalmia group to buy it for a mere Rs 25 crore. Dalmia Bharat Samooha is the first company to have adopted a heritage monument.
Red Fort and India share a very close relationship with each other. The very first bugle of freedom fight was sounded in 1857 from the very Fort. Independent India’s first Prime Minister addressed the nation from the ramparts of Red Fort. Every year, Prime Minister of India gives a speech from the very fort which has safeguarded the democracy of this country. Government declared that it would not be able to take care of this and gave away the responsibility to a company for a mere Rs 20 crore annually. Is this the sorry state of affairs?
Red fort gets more money from the visitors themselves, than the amount for which it has now been mentioned. The government could have improved its condition by using the income red fort generates. But this looks like a helpless situation where a poor mom gives away the child for adoption. The Red Fort could have been improved using its own revenue. A corporate would never understand the value of heritage. He may sell the resources available there like cut down the trees to sell wood etc. The difference between a commoner and industrialist is massive.
A rich man looks at Red Fort like an investment, but a commoner looks at it as identity. An industrialist may start a resort inside the fort and commercialise it. Every brick of this monument would be telling a story and hence should not be parted with. But the Modi government known for drastic economic decisions has made another one and given red fort away in agreement with Dalmia group. By now a lot of monuments have gone into the pockets of businessmen. Some day we may lose all historical spaces and become a country without references to the history. A policy made by the British that adopted children do not have any property rights led to independence struggle. Very soon this would be repeating. Our people will fight to save their rights over land, water and historical surroundings in the near future if governments continue to be this blind.
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Investors become poorer by Rs 12 lakh cr in three days of market fall
New Delhi, Jan 10: Investors' wealth tumbled Rs 12 lakh crore in three days of market slump due to uninterrupted foreign fund outflows and concerns over quarterly earnings.
Also, rising crude oil prices and a strengthening dollar index added to investors' pessimism.
In three days, the BSE benchmark Sensex tanked 820.2 points or 1.04 per cent.
On Friday, the 30-share BSE benchmark declined 241.30 points or 0.31 per cent to settle at 77,378.91. During the day, the benchmark gyrated 820.15 points between the day's high of 77,919.70 and low of 77,099.55.
The NSE Nifty dropped 95 points or 0.40 per cent to 23,431.50.
The market capitalisation of BSE-listed firms diminished by Rs 12,07,314.99 crore to Rs 4,29,67,835.05 crore (USD 5 trillion) in the three days.
From the 30-share blue-chip pack on Friday, IndusInd Bank, NTPC, UltraTech Cement, State Bank of India, Sun Pharma, Axis Bank, Tata Steel and Power Grid were among the major laggards.
Tata Consultancy Services jumped nearly 6 per cent after the IT services company reported an 11.95 per cent surge in the December quarter net profit to Rs 12,380 crore.
Devarsh Vakil, Head of Prime Research at HDFC Securities, said, "Strong quarterly earnings from TCS drove the IT index up 3.4 per cent, helping the market withstand a sharp sell-off."
However, despite broad gains across IT stocks, the Nifty fell for the third consecutive session, Vakil added.
Tech Mahindra, HCL Tech, Infosys and Bajaj Finserv were the other big gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 7,170.87 crore on Thursday, according to exchange data.
"Domestic market sentiment remained subdued due to rising crude oil prices, driven by supply concerns, and a strengthening dollar index. Despite the IT sector's resilience following positive early Q3 results, broader indices bled due to uncertainties surrounding Trump policies and high valuations.
"Consolidation may persist in the near term, yet investors are closely watching the US non-farm payroll data today for further guidance," Vinod Nair, Head of Research at Geojit Financial Services, said.
The BSE smallcap gauge dropped 2.40 per cent and midcap index declined 2.13 per cent.
Among BSE sectoral indices, power tanked 3.07 per cent, utilities (2.86 per cent), realty (2.64 per cent), industrials (2.08 per cent), commodities (2.05 per cent) and consumer durables (1.98 per cent).
BSE Focused IT jumped 3.17 per cent, IT (2.65 per cent) and teck (2.24 per cent) were the biggest gainers.
As many as 3,167 stocks declined while 827 advanced and 84 remained unchanged on the BSE.
"Markets continued its downward trajectory as the rupee dropping to new lows against the strengthening dollar has further dampened investors' sentiment. Amid concerns of subdued economic growth and expectations of a slowdown in the quarterly earnings, investors cut their bet on banking and mid & small cap stocks.
"With expensive valuations of Indian markets at large still a concern, investors would mostly resort to stock-specific activities," Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said.
