Only ‘humane Rama’ can face conspiracy of Rama Mandir construction: Prasanna
‘Hey Ram’- Ramayana, a discourse
Udupi, July 22: “Those who have only single digit strength have got 300 number strength in the name of Rama. Once again, they will make a conspiracy of Rama Mandir construction in a few months. The only way to face this conspiracy effectively is the ‘humane Rama’. Otherwise, people can say ‘Hey Ram’ and become martyrs. Now, we have to prepare to become martyrs”, said scholar, theatre activist and Charaka-fame Prasanna.
He was speaking at a discourse on ‘Hey Ram- Ramayana- organized by the Asakta Balaga at MGM College here on Sunday.
Prasanna said that “today Ramayana is being misused. We have just identified the dissent between Rama and Ravana. But we have failed to identify that the culture tried to build by Rama was different from the culture built by his father Dasharatha. Because of this reason, the Ramayana is being misused. In Ramayana, we have been observing the drama of Brahminization. In that Ramayana, we have been fight to prove Rama as the God. This is a peculiar and unreasonable argument. If we have to consider that Rama was born god and died as god, then Rama did not have any growth. Rama Rajya is equal to Grama Rajya. But the people have given arrow to single Rama where Grama Rajya is not there to fight with Babar and made Anjaneya as a demon and he would not accept such a Ramayana”, he said.
“Anjaneya was a gentleman. But today, he was depicted as Bajrang Bali and pasted him behind autos and vehicles. We have seen Vivekananda as a man who protected Hindu religion. But we are deliberately not seeing his critical analysis of various unreasonable practices in the Hindu religion or for social justice. Vivekananda who had consumed beef in America, had expressed it openly. But it was not because of insulting or giving pain to Hindus. He had done to bring the Hindus from heinous symbols and practices and introduce contemporary reality. He had advocated that cows should be protected in the farms of the farmers”, he said.
Writer Dr Mahabaleshwar Rao presided over the programme in which scholar Prof Phaniraj and others were present.
Rahul Gandhi who tells truth is buffoon!
Rahul Gandhi who tells truth is considered as a buffoon. Unfortunately, Narendra Modi who lies is a strong person. Because, people were not believing Rahul Gandhi’s leaders like Siddaramaiah and DK Shivakumar. In the same way, people would not believe Yeddyurappa. But they would believe Rama. This was the reality, he said.
Around 80 per cent of today's culture was at the stage of dying and 20 per cent was in a position of living. The culture of the land was in a fix and every day it was being proved and everyone knew who involved in violence knew it. People should find ways to come out of this vicious circle. It was not possible to face the apprehension emerged out of indecency only politically. Both the wicked and those who keep silent were equally responsible for this indecency, he said.
Show culture to Shudras
People from middle class who knew English have been advocating the crime sitting behind the machines by trolling in social media. It was the tragedy of the country that the crime being advocated by the political party was being implemented by the poor and shudras. The poor were being hounded by the poor. Forget the defeat, but the Shudra youth should be shown the real culture by telling them the truth, he opined.
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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.
