B.A.Mohidin, architect of education revolution among Muslims in Coastal Karnataka
A visionary leader who did not get his due
Bajpe Abdul Khadar Mohidin (BA Mohidin) was born in a most economically backward family in Pejawar, a village near Bajpe on June 5, 1938. He grew up as an ordinary man and became famous through his hard work, commitment and visionary leadership. The political field might have lost a talented leader if he had not entered politics. BA Mohidin, who was also popular in the education and social spheres, has been recognized as the leading leader of the Coastal Karnataka's Muslim community as well.
BA Mohdin, who has the credit of being the first Muslim district incharge minister of DK district, will remain immortal in the state politics. The senior politician, who grew up without a stigma being in politics, brought the educational revolution among the Muslim community in the coastal region.
Mohidin, who found his sisters uneducated, pulled up socks to provide education to Muslim girls. Hence, to serve this purpose, he planned to use Madrasa building which was not in use in the daytime. Though the religious heads opposed this idea initially, he successfully convinced them and started the first school at a madrasa in his hometown Bajpe.
Until then, people had not begun preferring English medium schools for their children yet. Mohidin, who had understood the significance of English education, encouraged to start English medium schools along with saving Kannada medium schools. As a result, Muslims opened English medium schools in Katipalla, Krishnapura, Surinje, Jokatte, Baikampady and other areas of Bajpe. Following which the MEIF (Federation of Muslim Educational Institutions) has come up. Today if a large number of Muslims in the coastal Karnataka, especially Muslim girls, are getting the education; a large number of Muslim educational institutions have come up, then it is only because of the Mohidin Saheb's efforts.
It is the greatness of Mohidin that in his five-decade-long political career, he won love and trust of all parties and political leaders despite changing parties for specific reasons. After getting elected as an MLA from the Bantwal assembly constituency in 1978, he stood with Devaraja Arasu when Congress was getting divided in 1980. After the death of Devaraj Arasu, he again joined with Indira, but the Congress rejected him while giving the ticket in 1983. At this point, Janata Party strengthened BA Mohidin. Then he got the responsibilities of party's state general secretary, MLC and later became the district incharge minister.
BA Mohidin remained neutral when the Janata Party split in 1999. BA Mohidin, who joined the Congress in 2002, remained loyal to the party till his last breath. However, he was a human lover who did not lose friendship with the leaders of Janata Party or Janata Dal.
visionary , efficient administrator
As the Minister, the inclusion of areas around Surathkal to Mangalore city Corporation, extension of ADB project to Ullal, bridge construction to Patrame of Belthangady, water supply from Thumbe dam to Mangaluru, subsidy to small industries, establishment of Government Tool Room Training Center, pay scale to professors, permission for three medical colleges in Mangaluru, and other most important works done by BA Mohidin.
BA Mohdin was the district incharge minister when the 1998-99 Surathkal communal riots occurred. He, being an innocent secular man, had played a vital role in controlling the riots. Following which, then Chief Minister JH Patil had appreciated BA Mohidin.
Without ever going after power, utilising whatever opportunity he had, without hurting anybody, keeping his hands and mouth clean from corruption; BA Mohidin brought an educational revolution in the Muslim community in coastal Karnataka. BA Mohidin, who believed that the Muslim community could not improve without education, encouraged Muslim entrepreneurs and interested youths to build educational institutions. As a result, today thousands of Muslim girls from the community have been able to achieve remarkable achievement in the academic field.
Mohidin, who also played the leading role in the Beary movement, worked hard for the establishment of Beary Sahitya Academy. BA Mohdin, who always guided young people, did not hurt anyone. With a smiling face, he had developed a friendly relation with all.
Visionary leader did not get his due
The demise of senior political leader, education lover, ambassador of educational revolution among Muslims BA Mohidin is a great loss to the state. Mohidin had all the ingenuity, proficiency and experience required to handle even the chief ministerial post. However, he lacked a few qualities that have become most necessary to become successful in today’s political era, such as lobbying, hypocrisy, falsehood etc. Perhaps for this reason, even after securing all the qualifications he failed to get the deserving positions. But as long as he was in the politics, he did not compromise with the values he believed.
The work ‘Nannolagina Mathu’, in which he has shared memories of his life, will be released on 20th of this month. Mohammed Kulai and BA Mohammed Ali have authored it.
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Adani touts financial strength, shows can grow without external debt
New Delhi (PTI): Billionaire Gautam Adani's conglomerate on Monday touted its financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt.
The ports-to-energy conglomerate, which has been hit by an indictment in a US court against its founder chairman Gautam Adani and two other executives for allegedly bribing Indian official to secure solar power contracts, in a presentation to the investors highlighted its consistently expanding profits and cash flows, which over a period have led to lowering dependence on debt for its growth ambitions.
Equity now accounts for almost two third of its total asset creation, a stark contrast to five years ago. In the last six months, the group has invested close to Rs 75,227 crore, against a total debt increase of only Rs 16,882 crore.
A note was also shared with the investors, along with presentations.
Outlining the group's liquidity position, the note said, "Adani Portfolio companies have sufficient liquidity to cover all debt servicing requirements for at least 12 months. As of September 30, 2024, Adani Portfolio companies had a cash of Rs 53,024 crore, which was close to 21 per cent of its total gross debt outstanding".
This amount, it said, was sufficient to cover the next 28 months of debt servicing requirement.
GROWTH WITHOUT DEBT
In the past, the group has announced plans to invest over Rs 8 lakh crore (USD 100 billion) across portfolio companies in the next ten years.
The Fund Flows from Operations (FFO) or cash profits stood at Rs 58,908 crore for the last twelve months and is growing over 30 per cent for the past five years. On the basis of this, even after assuming no growth, the group will be able to invest Rs 5.9 lakh crore only from its internal cash accruals over the next ten years, leaving very little dependency on external debt.
Further, at the portfolio level, there is very low debt gearing of 2.46x -- which means it has massive headroom for debt, according to the presentation.
Other highlights from the presentation included EBITDA (earnings before interest tax and depreciation) for the last twelve months, which it said is highly stable and hence predictable due to its infrastructure projects, which grew by 17 per cent to Rs 83,440 crore.
Also, existing annual cash flows alone can pay the entire debt in 3 years.
Gross assets/investments increased by Rs 75,227 crore, against total debt increase of only Rs 16,882 crore. Asset base has now increased to Rs 5.5 lakh crore.
Average cost of borrowing at 8.2 per cent, lowest in the last 5 years, due to upgrade in ratings across group companies, it said.
Adani Group's long-term debt from domestic banks was Rs 94,400 crore. This stood against a cash balance of Rs 53,024 crore, most of which was parked with Indian banks.
Borrowings from global banks were 27 per cent of total debt.
