EDITORIAL
Insanity unlimited
It is a
matter of utter shock and disbelief that a girl has been
kidnapped and raped at Ratnuchak at the outskirts of this
city. She had gone to a canal for washing clothes. She
was abducted and taken inside the building of a
government school where her modesty was outraged by three
persons. One is left aghast by the audacity of criminals.
The area has a sizable presence of uniformed forces.
Instead of being deterred by this fact the lecherous
hoodlums have gone on to perform a most heinous act. Only
recently we had expressed anguish in these columns
against similar incidents in Bishnah, not far from
Ratnuchak, and Budhal in Rajouri district. Why should
girls suffer from cruelties all over? The latest
available figures of the National Crime Records Bureau
(NCRB) which are for 2006 are revealing. According to
them on an average more than six women face some sort of
indecent behaviour in the State every day. This is apart
from unreported harassment they are made to undergo in
buses and crowded public places. Traditionally the crimes
against women are rape, kidnapping and abduction, dowry
death, torture, molestation, sexual stalking, importation
of girls and matters under the laws related to prevention
of immoral traffic, sati, dowry and indecent
representation. The NCRB statistics for the State are:
rape cases (250), kidnapping and abduction (723), dowry
deaths (10), molestation (960), sexual harassment (347),
cruelty by husband and relatives (135), Immoral
Trafficking (Prevention) Act (5) and Dowry Prohibition
Act (2). In real terms, however, the scenario is far
worse. The Srinagar sex scandal is a case in point. It
has underlined the nadir that our social order has
touched. There is exploitation of women seeking jobs for
the sustenance of their families. A widely accepted
belief is that a significant number of these shameful
occurrences are brushed under the carpet by victims and
their families for fear of adverse social reaction in a
male-dominated environment. It is high time that such
self-destructive thinking was given up. Failure to do so
at present makes it extremely difficult to measure the
true extent of violence against women.
An intriguing
aspect of this obnoxious phenomenon is that at times
women are the biggest offenders against the members of
their own ilk. This holds good especially in
dowry-related crimes. Women, of course, have also figured
in offences like dacoity, murder, cheating and smuggling.
Their reasons for involvement in these activities are the
same as those of men. They are motivated by the feeling
of revenge. Some of them want to make a fast buck. There
are a few who assume the role of gangsters to prove a
point that they can be as dominating as the men. The West
has already talked of the emergence of "mafia
mamas" in response to or as accomplices of
"mafia dons". In our country itself, at least
half a dozen women have literally called the shots in the
Chambal ravines, Uttar Pradesh and Gujarat.
Unfortunately,
however, that only seems to add to rather than resolving
the troubles of women on the whole. In a civilised
dispensation they have to fight for their honour like
their male counterparts in a prescribed legal manner. The
only difference is that they need a helping hand in view
of deeply-entrenched wicked mindset against them.
All is not gold
All is not
gold that glitters. The old proverb comes to mind
following the disclosure about an inter-state racket
involving gold. As is only too well known the price of
the precious yellow metal has sky-rocketed of late. There
is no indication yet the process will be significantly
reversed. Any promise, therefore, that it is available at
a cheap rate is ridiculous. Yet, it is enough to lure the
naïve and the greedy. According to a report in this
newspaper, a number of people have fallen prey to the
temptation to get gold at lower-than-market price. They
have been taken for a ride by gangsters of this city in
collusion with those in Alwar district of Rajasthan with
networks in Ghaziabad, Rohtak and Jaipur. The modus
operandi adopted by cheats was to identify prospective
buyers, trap them with appealing offers on telephone and
eventually settle for finalising the deal at a mutually
agreed nearby village. The dreams merchants would claim
to have found gold in a large quantity. Blinded by the
desire for making quick money the customers would reach
the location either to be robbed or to be handed over
gold-coated material in exchange for cash. In some
instances the purchasers are stated to have developed
suspicion at the last minute. Their bid, however, to
question the contents of the object given to them
resulted in their severe thrashing. This is another proof
that unscrupulous elements keep devising new strategies
to exploit other persons. It is a financial fraud with a
difference. So far we have come across fake chit fund
companies fading away after making enormous collections.
There have been deceitful bank transactions as well.
Automated teller machines (ATMs) have also been tempered
with and sought to be broken open. In the present
instance it is the shine of the gold that has been
applied to cast an entrancing spell all around. The love
for gold is almost universal and the people everywhere
have deep-rooted attraction for it. It is considered the
most trustworthy monetary medium fetching nearly the same
price across the globe. Anyone possessing it does not
have to bother much about the paper currency of his own
or any other country. Economist Paul Einzig has remarked:
"Even during the period when Rome lost much of her
ancient prestige, an Indian traveller observed that trade
all over the world was operated with the aid of Roman
gold coins which were accepted and admired
everywhere." In the sub-continent in particular gold
can be transacted easily because it is considered
necessary to wear gold ornaments during marriages and
other family and social functions. Diamond too is
preferred in this context but is thought to be too
expensive and, hence, out of the reach of many.
Gold alone is
acknowledged as the lowest risk and highest potential
investment. That, however, can't be the reason for people
to buy all glittering articles as if they were gold. It
is their hunger that comes in handy for the swindlers to
take advantage of. For their own sake they ought to
firmly resolve to buy or sell gold only through
prescribed channels. What can they do, however, when even
Rama is persuaded to chase an elusive golden deer and
Sita crosses the Lakshman rekha?
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Avoidable
races among J&K politician
MEN , MATTERS AND MEMORIES
By M L
Kotru
The raging battle
between Senators Hillary Clinton
and Barack Obama for the
Democratic ticket to contest the
November US Presidential election
against the Republican
nominee Sen. John McCaln is
turning out to be a bit of
cliffhanger. The Democratic
aspirants are tearing each other,
and consequentially their party
as well into shreds. I had seen
the beginnings of the tussle
between the first woman ever and
the first Afro-American ever for
the Presidential ticket in its
nascent stages more than a year
ago during a longish visit to the
US.
Gender and colour
aspects apart, the Democratic
aspirants are fighting on the
same turf, for essentially
similar values. Never, not even
once, has anyone expressed any
doubt about where their heart
lies: in the well being of the US
and the American way of life.
Agendas may differ but at the
heart of their campaign lies
their commitment to the
betterment of their country and
its people.
Unlike in India, the
world's most populous democracy,
the effort is more to unite the
country, to enable it to prosper
and to allow the people to get
their share of sunshine. The
American politicians, like our
own, do make promises but the
fear of public scrutiny and
accountability at the bar of
public opinion ensures that they
do deliver on some. Unlike ours,
who use every election to further
divide the people, to add to
their fears about their
(people's) future and the future
of generations to come. Rare
indeed is the Indian vote-seeker
who takes pride in his
Indianness. The rest of the world
may speak well of us, our growing
economic strength but our
politicians for the most part are
doom and gloom men. The choice on
offer is vote for me or face
doom.
With these
prefactory remarks I must turn to
the ominous noises emanating from
Kashmir. Short-sighted mainstream
politicians in Jammu and Kashmir
are rolling up their sleeves for
fresh elections to the State
Assembly later in the year. It is
the ominous noises they make that
cause worry. The people at large,
even in the long troubled valley,
have over the past two years
developed an interest in peace
and exploring avenues of
improving the quality of their
lives. The slowed down militant
activity, largerly flowing from
the Indo-Pak peace process of the
past few years, has contributed
to the valley's return to a
semblance of normality though the
regrouping militant organizations
in Pakistan and the POK have
threatened to resume the
jihad in Kashmir.
A valley developing
interest in peace and stability
doesn't exactly fit into the
Jihadi plans.
In fact a step-up in
militancy, in the context of the
newly forged and clearly
(fragile) PPP-PML-N in coalition
in Islamabad is something that
suits the separatists in the
Valley. The moderate separatists,
having accepted the so-called
Musharraf plan to resolve the
Kashmir issue, find themselves in
a piquant situation. The
mainstream political parties
headed by Mufti Sayeed's People's
Democratic Party which shares
power in the State with the
Congress Party, has stolen the
Hurriyat's plank lock, stock and
barrel. Indeed to go by what the
PDP leadership, including the
Mufti and his daughter, Mehbooba
have been publicly stating is a
jump or two ahead even of the
Hurriyat, even of the Musharraf
self-ruling zonal plan. Mehbooba
wants a Regional Council of Jammu
and Kashmir Assembly and the POK
Assembly to get together to work
out a joint mechanism for the
economic transformation of the
divided State. Her father has
already said he wants a common
currency for the two halves of
Kashmir, adding he would take up
the issue with the Prime
Minister. A senior Minister in
the State and senior PDP leader,
Tariq Hamid Qarra, had in fact
spoken of common currency weeks
before the Mufti mentioned it. On
that occasion the Deputy Chief
Minister, Mr Muzaffar Baigi,
another senior PDP leader, had
snuffed out the controversy,
acknowledging that this would be
unacceptable under the
Constitution.
I don't want to read
much more than is necessary into
the controversial Mufti proposal
considering that in the battle of
the ballot even the National
Conference leader, Omar Abdullah
has laterly been towing the
Musharraf line which would on the
face of it go much beyond the
provisions of the Autonomy Bill
which his father, Dr Farooq, had
successfully piloted in the State
Assembly as the Chief Minister of
the State.
There are many other
straws in the wind suggestive of
developing competition among the
Valley's mainstream parties to
strike postures of equidistance
between New Delhi and Islamabad.
This is frought with grave
consequences. For one thing, it
draws a wedge between the Valley
and the Hindu-dominated Jammu
region, not to mention Buddhist
Ladakh. I am not sure how many
Jammuites or Ladakhis, for that
matter, would like to be saddled
with a common currency for the
POK and the State.
What is probably
prompting Mufti Sayeed and his
party to strike such adventurist
postures is the growing
resentment among some of his
senior party men against what
some uncharitably have described
as the authoritarian ways adopted
by the Mufti and Party President,
the Mufti's daughter, Mehbooba
Mufti. One of the founders of the
party and a former Minister in
Mufti's cabinet has already been
thrown out of the party which has
only added to the anger among
many other partymen some of whom
have indeed set afloat moves to
form a separate front. For once
even senior Congress party
workers in the valley are
emboldened to mount a direct
attack on the PDP with which they
share power in the State. They
are accusing the PDP leadership
of playing opportunistic
politics. Hunting with the hounds
and running with the hare.
The Valley politics
apart, the pre-election posturing
by the mainstream parties is
bound to sharpen the divisions
between the Valley and Jammu. The
Congress party may be hoping to
gain a firmer grip on the Jammu
electorate as a consequence of
the kind of politics being played
by its alliance partner in the
valley. To me it appears that it
may help BJP more than it does
any other party.
The coalition headed
by the Congressmen Ghulam Nabi
Azad has announced a slew of
measures to woo the valley
including its latest, which
promises jobs for 70,000 educated
unemployed youth. The PDP has
lost no time in claiming credit
for its after all it is part of
the Government. The PDP, the
Congressmen rue, has made a
virtue of taking credit for all
the ameliorative schemes
announced by the Azad-led
Government and yet has no
hesitation in carrying on a
negative campaign against the
Government of which it is a part.
The National Conference too has
steeped up its vilification
campaign against the State
Government, the PDP its primary
target, for very obvious reasons.
Its chargesheet against the
Government and the PDP is a
wide-ranging one, corruption and
nepotism its highlights.
Fortunately for the National
Conference the dissidents within
the PDP appear to be
strengthening the NC's case. And
the PDP isn't helping its cause
any by its fulminations against
the
obstructionism
evidenced in New Delhi's approach
to the peace process.
It's nobody's case
that the peace process, initiated
by Vajpayee and carried forward
by the Manmohan Singh led UPA,
and the former military dictator
and now the civilian President of
Pakistan Pervez Musharraf, has
failed. The process has seen many
initiatives taken, most notable
of these the various confidence
building measures. That New Delhi
is willing to move forward along
the path of reconciliation worked
out by the two sides and the
upcoming Islamabad visit by
Pranab Mukh- erjee is an
acknowledgement of it. It now
remains to be seen how the
prevailing political dispensation
in Islamabad responds to
Mukherjee's visit. The Prime
Minister, for his part, has made
his position clear during this
recent visit to Jammu.
What can't be
forgotten is that Pakistan is
ruled by a an odd coalition of
which the People's Party and the
Nawaz Muslim League, with a long
history of past antagonisms, are
the main pillars. A lot will
depend on the view the two
parties take of the initiatives
taken by the previous military
dispensation. Another factor that
cannot be overlooked is the
renewed calls for Jihad in
Kashmir emanating from various
militant groups including of
course the Jihadi Council headed
by Salahuddin from Pakistan. One
can only hope that Pakistan
Government doesn't allow the
militants to renew their acts of
terror in the State and that it
utilizes the upcoming visit of
the Indian Foreign Minister to
give a forward push to the
proposals which Islamabad and New
Delhi have assiduously worked on
for the past three years.
It is this hope that
makes it incumbent on the
mainstream political parties in
the valley not to take extreme
positions which have in them the
potential to sabotage the
process, of which they have been
a part. Election fever does force
politicians to take positions
which they know to be unworkable.
Mufti Sayeed having been a part
of the process of reconciliation
and his party being part of the
coalition that has ruled the
State for about five years, faces
greater responsibility on this
count alone. One cannot overlook
the constructive role he has
played, in the past, particularly
as Chief Minister, for three
years, with the
healing
touch as his mantra
to bring peace and stability to
the State, I hope the Mufti
hasn't lost that touch.
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Promoting
tourism
By
Dhurjati Mukherjee
There is an imperative need
to promote tourism in a big way.
Indias success could attract more
and more tourists for eco-tourism,
religious tourism, historical tourism,
medical tourism etc. Every single State
has some unique characteristics, which
could interest tourists in one way or the
other.
The Incredible
India campaign has been quite
successful and driven the growth of
tourism in the country. It captures the
underlying spirit of the country, its
culture, tradition and spirituality.
The opening up of air
transport and emergence of low-cost
carriers has greatly helped boost up
tourist arrivals to this country.
A study conducted by FICCI
on development perspective of eco and
rural tourism revealed that it had the
highest employment and investment ratio.
Every additional investment of Rs 10
crore has the potential to generate 47.5
jobs. Further, every direct job created
in tourism leads to a creation of 77 jobs
in other related sectors of the industry,
the study stated. Besides the multiplier
effect of tourism generates high
revenue-capital ratio in the Indian
context. Indirect employment generated in
the form of revival of traditional arts
and crafts, development of communication,
hotels etc.
Attracting foreign tourists
has become a priority and there are
expectations of reaching the 10 million
mark by the end of the 11th Plan period.
There is presently one lakh approved
quality accommodation which should be
increased to two lakh by 2011, according
to report by a working group on tourism
for the Eleventh Plan. According to
Subhash Goyal, President of the Indian
Association of Tour Operators, "if
we implement the suggestions by the
Ministry of Tourism, it will not be
difficult to attract 10 million (foreign)
tourists".
The need for creating
adequate infrastructure to attract more
tourists, specially those from foreign
countries, has been a long felt need. The
Tourism Ministry has earmarked Rs 650
crore budget allocation for this fiscal
to develop sites within the country. The
Ministry has decided to give a maximum of
Rs 50 crore (and Rs 25 crore) to State
Governments to develop each circuit and
destination.
Accordingly it has been
planned to set up 100 heritage circuits
by the end of the 11th Plan of which 25
are expected to be of International
standard. The government also plans to
build world-class infrastructure at
Hampi, Agra, Konark, Khajuraho, Orccha
and Datia along with Buddhist and Jain
centres. To develop cultural tourism, the
government has identified six museums at
Delhi, Mumbai, Chennai, Kolkata,
Bangalore and Cochin which would be
upgraded to compete with global
standards.
As religious tourism has
been gaining ground for quite some time,
the Buddhist area of Raghir, Nalanda and
Bodh Gaya have also been chosen for
development. A special train has been
introduced for the Buddhist pilgrimage
from India and abroad particularly from
the South Asian countries to promote
tourism.
However challenges still
remain. The challenge is to create around
100,000 additional star category hotel
rooms or good quality resorts in the next
three years. The Tourism Ministry has
decided to create land banks
by acquiring land for building hotels
through public-private partnerships on a
built-operate basis.
There is also need to
improve roadways, transportation, ensure
clean and hygienic environment and ensure
safety and security conditions in the
areas and give these places a modern
look. Improvement of surroundings of
tourist spots, specially in rural areas
and ensuring cleanliness needs to be
given due attention. It needs to
mentioned here that tourists should not
feel any inadequacy of anything and enjoy
their travel in India.
The working group
suggestions, if implemented, can
definitely boost tourism in the country.
However, there is need to concentrate on
countries such as South Africa, Israel,
Spain, China, Japan, South Korea,
Australia, Brazil and Argentina which
would help in attracting tourists to
India. Fewer tourists come to India from
these countries, so they offer high
growth potential, the report said.
Promotion of business-related travel by
building convention centres of
international standards in major cities
and new tourist centres has also been
envisaged in the report. Moreover, the
country needs to prepare strategies to
increase per capita expenditure on
shopping.
India has emerged as the 4th
favoured destination for holidays above
South Africa and Switzerland, as per a
survey undertaken by Conde Nast Traveller
magazine for their 2006 Readers Travel
Awards. It is indeed a big country with
various types of unique destinations and
natural locales. It is also a region of
the worlds greatest biodiversity
while, on the other hand, a place where
history is found embedded in palaces,
monuments and conservation sites. As
such, the average duration of stay of a
tourist in Singapore is about 5 days as
against 26 days in India because of the
latters vast tourist potential.
It would thus not be
difficult to transform the country into a
365 days-a-year destination where
tourists would find themselves
comfortable at each and every place,
whether the visit is intended for
historical, religious, ecological or
health reasons.
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How not to curb
inflation ?
By Sisir
Basu
It is a monetary truth that
economics is not a mistress of politics.
But the UPA Government is trying to give
a new twist to this universally accepted
economic wisdom. The Reserve Bank of
India Governor, Yaga Venugopal Reddy, in
his last annual policy statement like his
Finance Minister, P. Chidambaram, is
fighting a losing battle by formulating
wrong policy parameters to contain
inflation which has touched a record high
of three years at 7.41 per cent.
Mr. Reddy for the second
time within a fortnight has hiked the
Cash Reserve Ratio (CRR) by 25 basis
points taking it to 8.25 per cent. The
move is aimed at sucking out another Rs.
9,000 crore from the monetary system. The
RBI preferred to leave other pivotals
such as the Bank rate, Repo rate and
Reverse Repo rate untouched at six per
cent, 7.75 per cent and six per cent
respectively. The latest increase of 0.25
per cent in CRR would be effective from
24 May. Until then the earlier hike would
take away Rs. 18,500 crore liquidity from
the system.
CRR-a crude, direct tool to
suck out excess money from the system-has
been frequently used by central banks in
Asia in recent years. Since 2004, RBI has
raised the CRR by 375 basis points to
8.25 per cent.
The CRR hike is like a tax
on banks (which earn nothing on the
cash), they may be partially compensated
through a lower risk weightage on a part
of its home loan portfolio. Despite the
growth optimism, there are areas of
concern, Mr. Reddy pointed to the risks
posed by over-leveraged institutions, and
indicated banks must arrange more capital
for derivatives books and off
balance-sheet exposures.
The focus is on containing
inflation to bring it down within 5.5 per
cent. On a year-on-year basis Wholesale
Price Index (WPI) inflation at end-March
2008 was 7.4 per cent compared with 5.9
per cent a year ago. It did plunge to 3.1
per cent in October 2007 but started
rising rapidly since February 2008. He
hoped the policy measures taken by the
Government and the central bank would
start yielding results in the next three
months. But this is a wrong assumption as
the inflation has a large element of
supply side mismanagement and hoarding by
traders.
The central bank's priority
is to achieve price stability and orderly
conditions in financial markets while
sustaining growth momentum. The GDP
growth projection also underlines a
cautious forecast of eight to 8.5 per
cent although the Government and the
Finance Ministry optimistically look for
nine per cent or more.
The policy pronouncements
cheered the stock markets as bank, realty
and auto shares suddenly soared on the
Dalal Street. Bankers said the stance of
policy would compel them to increase
interest rates to check consumption and
control loan delivery to tackle
inflation.
What would be the result of
this policy announcement? There is now
much high probability of global economic
and credit slowdown than was anticipated
till recently. Despite some serious steps
taken by the government risk on the price
front remains. The RBI is also concerned
with increasing crude oil prices in the
world markets.
Noting that the food stocks
of the world have fallen to their lowest
levels in 25-years, the RBI said this has
shot up 40 per cent globally in 2007. The
conventional as well as unconventional
developments taking place internationally
and domestically would need a timely and
swift response and so some untimely
declarations to confront such situations
would be made.
It made good policy sense
too: a rate hike could have slowed
growth, made life difficult for countless
borrowers and even pushed up money supply
through more NRI remittances and
migration of savings from post offices to
banks.
Few central banks could
anticipate the FII inflows that
respective markets have been inundated
with. Even as late as April 18, RBI
raised CRR by 50 bps in two phases.
If these measures are not
enough to contain inflation, Chidambaram
later told corporate heads at the annual
function of CII, the Government will take
administrative measures to contain price
rise. In a veiled threat, he said:
"If the fiscal and monetary measures
are not enough and if the industry does
not change its behaviour, certainly we
will improve administrative
measures." However, he hoped that
the fiscal and monetary measures taken so
far would be sufficient to control
inflation. He said the food situation has
improved in the last 2-3 weeks. However,
its impact on inflation is still to
unfold.
Doing his bit, Prime
Minister Manmohan Singh, while speaking
at the CII meet, cajoled corporate
honchos to assist the Government in
containing inflation. He said the
industry should absorb the increase in
costs of inputs and pass on the benefit
of duty cuts to the consumers.
In Parliament, Chidambaram
said steel contributed 21.3 per cent of
the current inflation. To improve its
availability at lower prices, he cut the
import duty on pig iron, sponge iron,
granules and powders, hot rolled coils
and cold rolled coils to nil from 5 per
cent.
He removed the
countervailing duty of 14 per cent on the
import of TMT bars and structurals, which
are used for construction of houses. He
also exempted the basic custom duty on
metallurgical coke, ferro alloys and
zinc-three critical inputs for the
manufacture of steel which had a 5 per
cent duty so far.
In order to improve the
domestic availability of rice, the FM has
imposed export duty at the rate of Rs.
8,000 per tonne. He said the margins of
exporters of rice have been rising as a
result of buoyancy in international
prices. The new duty imposition is likely
to be a big dampener for exports of rice.
It has not been easy; never
more so than now when growth is slowing
and inflation is picking up. With policy
prescriptions pulling in opposite
directions-slowing growth demands a
reduction in interest rates while rising
prices demand a hike-the RBI has to make
a judgement call about which one takes
precedence while deciding its policy
stance. Is growth more endangered than
price stability? Or is it the other way
round? Which is more important and what
is the cost-benefit trade-off?
The answer, in a democracy
that is home to a third of the world's
poor even by the antiquated definition of
a dollar a day, should be clear to all
concerned. Except to armchair economists
who live in their rarefied theoretical
world! Fortunately, on this politicians
with their finger on the pulse of the
people (and an eye on the next election)
and practicing central bankers see
eye-to-eye. The different postulates
outlined by the RBI and Finance Minister
would be politically palatable in an
election year, hopefully. INAV
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