HOW SAFE IS YOUR JOB? - India Today Group
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OC THE RAPID TEST FIASCO The DMs: Covid’s Action Heroes MAY 11, 2020 `60 www.indiatoday.in REGISTERED NO. DL(ND)-11/6068/2018-20; U(C)-88/2018-20; FARIDABAD/05/2020-22 LICENSED TO POST WITHOUT PREPAYMENT RNI NO. 28587/75 COVID-19 IMPACT HOW SAFE IS YOUR JOB? EXPERTS SAY NO INDUSTRY IS IMMUNE, SO EXPECT PAY CUTS OR WORSE
FROM THE EDITOR-IN-CHIEF obs are always the central issue in any economy. got cancelled and units are unable to repay loans due to the J Elections are won and lost on unemployment figures. After all, they are about human beings. People have to earn money from jobs for the goods or services they first produce and then consume COVID-19 pandemic and the ensuing lockdown. Employers cannot be expected to sustain their businesses if they are run- ning at reduced capacity but having to pay the full workforce. The other big concern is that India’s labour participation which makes the wheels of the economy turn. The fear of rate has been slipping—from 47-48 per cent before demoneti- the coronavirus spreading has led to a shutdown of large sation to just 35.5 per cent following the six weeks of lock- parts of the economy. The Centre for Monitoring Indian down. It is still not clear that the lockdown will be lifted on Economy (CMIE) estimates 120 million people have been May 3—several state chief ministers want it to be extended. rendered jobless in one month of the lockdown. Of the total What is fuelling anxiety is the uncertainty over how long 406 million people employed in the country, the crisis will last. The head of an executive only 20 per cent, or 81.2 million people, are hiring firm put it pithily, “We don’t even know in the salaried class. While the pandemic whether we are in the beginning, middle or end won’t spare them either, the future will be of the pandemic.” grim for the remaining 324.8 million people who are either daily wagers, self-employed or ore than any other event in recent history, small farmers. This is not an Indian problem M the pandemic could create the largest In- alone. According to the ILO (International dian ‘precariat’. This portmanteau of ‘precari- Labour Organization), four out of five (81 per ous’ and ‘proletariat’ refers to a class of people cent) people in the global workforce of 3.3 suffering an existence without predictability billion are currently affected by full or partial or security. As a continuing condition, this has workplace closures. It considers this the most consequences for the material and psychologi- severe crisis since the end of World War II. cal welfare of the people and for social cohesion The 40-day nationwide lockdown in Our October 16, 2017 cover as a whole. This is a factor that should cause India, which has kept over a billion people serious worry to governments across the world. indoors and is the largest mass quarantine in Our cover story, written by Executive Edi- human history, seems to have kept infec- tor M.G. Arun and Deputy Editor Shwweta tions and deaths low as compared to the rest Punj, examines the Indian economy to ask the of the world, but extracted a terrible eco- big question—‘How Safe is Your Job?’ This is a nomic price. The most optimistic of forecasts question worrying millions across the coun- doesn’t see the Indian economy growing try as it is enveloped by uncertainty, specially at more than 1.5 per cent this year—some when we don’t have a social security net to estimates say growth may even be negative. cushion job losses. Naturally, this will have an enormous impact Having somewhat tamed the virus, the gov- on employment. Post corona, there will be ernment needs to send the following message three categories of jobs—those that will never to the district level where many crucial deci- come back; those that will be temporarily lost Our May 20, 2019 cover sions are being made: that their performance because of the slowdown in the economy and will be judged not only by how much they have will return on its revival; and new jobs that controlled the spread of the infection but by the will be created either in the same industries or in new ones. extent of the economic revival they have been able to generate Multiple factors will be at play, some positive, others nega- in their area. The government needs to be friends with industry tive. The trends of automation and artificial intelligence and remove all obstacles to an economic revival. They need to will be accelerated. There will be a shift in global supply announce an MGNREGA-type package for the urban poor. The chains, both inwards and outwards. We might be heading bureaucracy should abandon its instinctive suspicion of busi- toward a phenomenon which is being termed “gated glo- ness and instead act as a facilitator in reviving industry, so that balisation”. Consumer behaviour will not be easy to predict. people get back their jobs. Covid deaths may be getting meticu- At the moment, sectors such as aviation, travel, hospital- lously recorded, but there is no record of people dying of chronic ity, real estate, automobiles—which depend on people travel- hunger. This will be a silent killer with dire consequences. It is ling, staying in hotels, buying homes, cars and consumer something we have to keep in mind and make economic revival goods—have fallen like ninepins. Other sectors like exports a priority, otherwise we will pay a heavy price. that are linked to global supply chains are withering away because demand has dried up. Unemployment rates have shot up from 6.7 per cent in mid-March to 23 per cent in the first week of April. Of the 40-60 million jobs in the retail sector, 11 million are likely to take a hit. More than 15 million jobs could be lost in India’s export sector as half of all orders (Aroon Purie) M AY 1 1 , 2 02 0 INDIA TODAY 3
UPFRONT LEISURE INSIDE DECODING THE Q&A WITH LARA JI0-FB DEAL PG 5 DUTTA PG 74 www.indiatoday.in CHAIRMAN AND EDITOR-IN-CHIEF: Aroon Purie VICE CHAIRPERSON: Kalli Purie GROUP EDITORIAL DIRECTOR: Raj Chengappa GROUP CREATIVE EDITOR: Nilanjan Das; GROUP PHOTO EDITOR: Bandeep Singh MANAGING EDITORS: Kai Jabir Friese, Rajesh Jha 20 CONSULTING EDITOR: Ajit Kumar Jha (Research) EXECUTIVE EDITORS: S. Sahaya Ranjit, Sandeep Unnithan MUMBAI: M.G. Arun SENIOR DEPUTY EDITORS: Uday Mahurkar, Manisha Saroop HYDERABAD: Amarnath K. Menon DEPUTY EDITOR: Shweta Punj SENIOR EDITORS: Kaushik Deka, Sasi Nair, Anilesh Mahajan MUMBAI: Suhani Singh; JAIPUR: Rohit Parihar SENIOR ASSOCIATE EDITORS: Ashish Mukherjee MUMBAI: Kiran Dinkar Tare; PATNA: Amitabh Srivastava ASSOCIATE EDITORS: Shougat Dasgupta, Sonali Acharjee KOLKATA: Romita Sengupta; BHOPAL: Rahul Noronha; THIRUVANANTHAPURAM: Jeemon Jacob ASSISTANT EDITOR: Zinnia Ray Chaudhuri PUNE: Aditi S. Pai PHOTO DEPARTMENT: Vikram Sharma (Deputy Photo Editor), Illustration by NILANJAN DAS Yasir Iqbal (Deputy Chief Photographer), Rajwant Singh Rawat (Principal Photographer), Chandra Deep Kumar (Senior Photographer); MUMBAI: Mandar Suresh Deodhar (Chief Photographer), Danesh Adil Jassawala (Photographer); KOLKATA: Subir Halder (Principal Photographer); CHENNAI: N.G. Jaison (Senior Photographer) PHOTO RESEARCHERS: Prabhakar Tiwari (Chief Photo Researcher), Saloni Vaid (Principal Photo Researcher), Shubhrojit Brahma (Senior Photo Researcher) CHIEF OF GRAPHICS: Tanmoy Chakraborty ART DEPARTMENT: Sanjay Piplani (Senior Art Director); Angshuman De (Art Director); Devajit Bora (Deputy Art Director); Vikas Verma (Associate Art Director); Bhoomesh Dutt Sharma (Senior Designer) Siddhant Jumde (Senior Illustrator) PRODUCTION DEPARTMENT: Harish Agarwal (Chief of Production), Naveen Gupta (Chief Coordinator) COVER STORY JOBS R A PI D T E ST K I TS 30 CHIEF OPERATING OFFICER: Manoj Sharma ASSOCIATE PUBLISHER: Anil Fernandes (Impact) FAILING THE COVID-19 TEST OUT OF IMPACT TEAM Senior General Manager: Jitendra Lad (West) General Manager: Mayur Rastogi (North), Upendra Singh (Bangalore), Kaushiky Gangulie (East) The low accuracy of the Chinese- WORK GROUP CHIEF MARKETING OFFICER: Vivek Malhotra made rapid antibody testing kits has SALES AND OPERATIONS: D.V.S. Rama Rao, Chief General Manager hurt the containment strategy in many Deepak Bhatt, Senior General Manager (National Sales) Vipin Bagga, General Manager (Operations) states. Where did we go wrong? Rajeev Gandhi, Deputy General Manager (North) Syed Asif Saleem, Regional Sales Manager (West) With the economy S Paramasivam, Deputy Regional Sales Manager (South) in a pandemic seizure, D I S T R I C T M AG I S T R AT E S Piyush Ranjan Das, Senior Sales Manager (East) no industry is Volume XLV Number 19; For the week really immune, though some are more vulnerable than others. 34 LEADING FROM THE FRONT India’s districts are ground zero May 5-11, 2020, published on every Friday Expect pay cuts in the war against COVID-19. 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UPFRONT INDIA’S MEDICAL SWAMITVA: RURAL DIPLOMACY PROPERTY CARDS PG 12 PG 16 FAC E B O O K- J I O A WIN-WIN DEAL? By Manu Kaushik L ast June, when social media ance Industries (RIL) subsidiary (Jio can initiate the interaction on What- giant Facebook made an Platforms) presented itself, Facebook sApp, go to the JioMart page, finalise investment in Meesho, an grabbed it with glee. their grocery buying list, connect with online marketplace for resellers Within days of signing the the retail store on WhatsApp, and in India, its intentions had become Rs 43,574 crore deal, announced on then pick up the order from a kirana somewhat clear. For the first 12 years of April 22, for Facebook to pick a 9.99 store. The online payment system—of its existence beginning February 2004, per cent stake in Jio Platforms, both either WhatsApp or JioMoney—has Facebook was busy building user base; sides have got down to business rather reportedly not been integrated into the in 2016, it breached the next growth quickly. In the fourth week of April, RIL transactions yet. frontier: the online marketplace. For subsidiary Reliance Retail’s online-to- But the kirana is just one part of the past three or so years, Facebook has offline platform JioMart has collabo- the larger ‘new commerce’ project that been acquiring companies and launch- rated with WhatsApp in three neigh- RIL chairman and managing director ing new products in this space. So when bourhoods of Mumbai (Navi Mumbai, Mukesh Ambani had launched nearly an opportunity to invest in a Reli- Thane and Kalyan), where customers two years ago. While announcing the Illustration by NILANJAN DAS M AY 1 1 , 2 02 0 INDIA TODAY 5
UPFRONT Facebook deal recently, RIL said, ‘This 2.40 lakh crore in 2018-19. ‘Cash infu- partnership will accelerate India’s sion from the deal and closure of the Rs all-round development, fulfilling the needs of Indian people and the Indian economy. Our focus will be India’s 60 `43,574 7,000 crore stake sale to [British energy giant] BP in the oil marketing JV should mean a cash infusion of over Rs 50,000 CRORE million micro, small and medium busi- crore and bring down net debt,’ says a what Facebook nesses, 120 million farmers, 30 million CLSA report. spent to pick a 9.99% small merchants and millions of small stake in Jio Platforms Jio Platforms has witnessed its en- and medium enterprises in the informal terprise value soar to Rs 4.62 lakh crore. sector, in addition to empowering people Last December, brokerage Axis Capital seeking various digital services.’ estimated Jio’s enterprise value to touch Even though the Facebook-RIL partnership might seem like a perfect marriage to most industry experts and `4.62 Rs 4.64 lakh crore in 2023-24. Jio Platforms is a larger entity that houses all digital ventures of RIL—the Jio suite LAKH CRORE analysts, it lacks clarity on the finer of apps, digital investments (KaiOS, Enterprise value details, such as how things will move Haptik) and big data, AI (artificial of Jio Platforms forward. After the initial announce- intelligence) and IoT (internet of things) ments, both partners have not shared capabilities. Jio remains the crown jewel additional information on future among those investments. “With access 388 strategy, revenue-sharing aspects and to capital, data and Facebook tools, RIL conflict-resolution policies wherever can jumpstart its new commerce ven- there are overlaps. RIL, particularly, has MILLION ture,” says a top telecom analyst working not spoken about how much progress it with both entities. Jio’s subscriber base Facebook has made towards tapping those mil- may look to benefit from RIL has battles lined up on other lions of small merchants and SMEs. Go- fronts. Its oil refining and petrochemi- ing by the recent moves of Ambani and cals businesses have shrunk considerably Facebook CEO Mark Zuckerberg, both due to the COVID-19 outbreak. Its $15 billionaires harbour ambitions of mak- billion deal with Saudi Aramco an- ing it big in the retail commerce space. nounced last year is also at risk of being While Ambani wants to give a tough called off after the government report- time to Amazon and Flipkart in India, edly asked a court to restrain the deal. Zuckerberg’s ambitions are global. Facebook is looking at benefitting In recent years, Facebook has from the deal in primarily two areas: ac- accelerated efforts to venture into cess to Jio’s 388 million subscriber base, e-commerce. After the acquisition of which would further game the online Meesho, last December it acquired vid- ad market in its favour. However, it’s eo-shopping start-up Packagd, which going to be a long haul before Facebook lets users purchase products directly via begins mining Jio’s subscriber data and live-streaming. monetising it. “It would have been hard Credit Suisse says Facebook has been of overlap is high in the Facebook-RIL for Facebook to crack such a deal if RIL building features within its app that deal, we expect both to move towards were not involved. No one knows the enable commerce transactions, including a revenue-sharing model, especially in regulatory business better than them,” the recent introduction of the ‘Checkout’ areas like payments, offerings to SMEs says the telecom analyst. feature, which allows users to complete and content,” says Tarun Pathak, associ- With RIL on its side, Facebook can the entire transaction without having to ate director at Counterpoint Research, a handle some regulatory hurdles it has leave the app. ‘Facebook’s focus has been global industry analysis firm. been facing in India—one of its largest to drive its advertising engine, which Facebook and RIL could gain much markets outside the US. The company is not surprising given that advertising from the deal. Jio Platforms’ equity sale has an estimated 328 million users on revenues represent 98.5 per cent of the would bring down RIL’s debt at a time Facebook and 400 million on WhatsApp firm’s total revenues... Now, more re- when cash conservation is critical for in India. A big chunk (about 60 per cent) cently, it has shown intent to venture into debt-ridden entities. As per Hong Kong- of them, though, would be same across commerce,’ says a Credit Suisse report. based brokerage and investment group the platforms. Despite a beta launch “Across the globe, we are seeing CLSA, RIL’s consolidated net debt and of its WhatsApp Pay service in India internet giants and telcos converge and other liabilities were estimated at Rs in 2018, permissions for a full rollout cross paths. Although the probability 2.35 lakh crore in 2019-20 as against Rs haven’t come through yet. 6 INDIA TODAY M AY 1 1 , 2 02 0 Illustration by SIDDHANT JUMDE
POINT OF V IEW Business as Usual By Amita Baviskar W ith a third of the world’s humans Clouded leopards and tigers live here. So do under lockdown, the skies are blue more than half of the bird species found in all and rivers run clear. Bears, nilgai of India. Rare flora and fauna inhabit these and elephants wander through deserted city richly storied forests. In 2010, the ministry streets. If these signs of Nature reclaiming itself had designated this as an ‘inviolate’ the planet unsettle the order of life-as- area, during Jairam Ramesh’s tenure. we-know-it, worry not. The ministry of But now, it is to be dammed for a 3,097 environment, forest and climate change is MW project, a joint venture between the working hard to ensure that environmental Arunachal government and Jindal Energy. destruction continues as before. Not only environmentalists are aghast The COVID-19 pandemic should have at Etalin. Geologists point out that major led the ministry to pause and press the risks associated with its two dams are reset button. There is credible evidence being ignored. The mountains and valleys linking zoonotic diseases to the loss of of the Dibang basin sit atop a seismically habitat for wild biodiversity. Not that we active zone. In addition, climate change is need one more reason to protect what’s rapidly melting the glaciers feeding rivers left of our once magnificent forests, rivers in the basin, creating lakes that are likely and other ecosystems that sustain life to overflow and cause major floods and on earth. However, various statutory landslides downstream. (The devastating committees of the ministry are carrying floods of 2013 in Uttarakhand were in on with business as usual. In April alone, part the result of such a melting of the the Standing Committee of the National Chorabari glacier, feeding the Mandakini Board for Wildlife (NBWL) approved coal river.) The Dibang river debouches into mining inside the Dehing Patkai Elephant the Brahmaputra and the effects of an Reserve in Assam. It allowed 768 hectares earthquake or flood will be felt all the way (ha) of forests next to the Binog Wildlife into the densely populated floodplains of Sanctuary in Uttarakhand to be cleared Assam. The new threats created by climate for the Lakhwar-Vyasi dam project on change should make the ministry tread even the Yamuna river. It gave the green signal more cautiously. to all proposals for building highways, That the FAC is considering such a transmission and railway lines through proposal shows how warped its priorities national parks, sanctuaries and tiger have become. Union environment minister corridors. As environmental lawyer Ritwick Prakash Javadekar tweeted that these Dutta remarked, “If there is anything the projects promote “tourism, infrastructure, The COVID- species inhabiting India’s protected areas employment and growth.” But what about 19 pandemic need to fear, it’s the members of the NBWL.” the environment? Meanwhile, Etalin and should have led Though its mandate is to protect wildlife, other river projects on the Brahmaputra the environment that mission seems to be missing in action. are pawns in an India-China contest of ministry to The Forest Advisory Committee (FAC) of I-dammed-it-first, a race to claim the waters pause and press the ministry also continues to entertain and of this transnational river. the reset button. approve projects that should never have seen The COVID-19 pandemic is a reminder There is credible the light of day. This month, a subcommittee of how interconnected the world is and how evidence of the FAC recommended that the Etalin fragile our political and economic control linking zoonotic hydropower project in the Dibang river basin over its complexity. Yet the environment diseases to in Arunachal Pradesh be cleared. The project ministry persists in its wilful forgetfulness. ■ the loss of will destroy 1,150 ha of forest in an area habitat for wild where three different bio-geographic regions Amita Baviskar is an biodiversity meet to create a megadiversity hotspot. environmental sociologist Illustration by TANMOY CHAKRABORTY M AY 1 1 , 2 02 0 INDIA TODAY 7
T H E J O U R N E Y T O WA R D S F I N A N C I A L F R E E D O M Don’t Stop Your SIPs SIPs benefit from stock market downs and ups. Don’t let this down market cycle influence your decision to stop investing. Take a pause instead the actions are uncalled for, going by how the stock markets have fared over the years. When one redeems SIP investments prematurely, they may incur an exit load as well as capital gains tax, which further impacts the worth of their investments. Likewise, stopping SIPs, especially when investing for the long term is a bad idea. Investing towards a you break down your investments over a period of time in a O ver the years, investments through SIPs (systematic long term investments and the number of such investors is only on the Flipside of Stopping SIPs small and steady manner, which makes SIP investing suitable investment plan) rise. Yet, there are many ,PSDFWV \RXU ɾQDQFLDO inequity mutual funds people who are new to JRDOV goals. With most have become the new investing, who do get 7KHUH LV RSSRUWXQLW\ investments tied to long norm. The undisputed anxious every time the ORVV ZKHQ \RX VWRS convenience and stock markets fluctuate. LQYHVWLQJ such as retirement, simplicity has without The anxiety
retirement where one S&P BSE SENSEX OVER DIFFERENT HEALTH ALERTS could extend their work life by a few years to 45,000 adjust to change in the 40,000 Chikangunya Indian Swine Flu - goal value. So, before Epidemic (India) 2015 S&P BSE SENSEX Value 35,000 SARS Outbreak - you stop SIPs, think how - 2006 H1N1 Flu Pandemic - 2002 30,000 2009 the action will impact the goal for which the 25,000 investment was initiated 20,000 Zika Virus Epidemic - 15,000 2016 10,000 Ebola Virus - Long-term investing 2014 COVID-19 Pandemic and short term 5,000 pains 0 Think of long-term Jan 2001 Jan 2005 Jan 2010 Jan 2015 Jan 2020 Time investing as the progress Source: S&P BSE SENSEX (www.bseindia.com) of a child from birth to adulthood. Just the pandemic in 2002, scenarios from the eye opener for many way a small child learns Swine Flu in 2009, Zika accompanying graph. seasoned investors to form words and Virus in 2016 and others. Let us assume one who wrongly assume sentences or learns to A casual observation invested `5,000 through that the SIP investment walk with a fair share indicates that there are monthly SIPs in the S&P value can never turn of falls before they short period of market BSE SENSEX from Jan negative. Today, some start running; investing turbulence and falls, but 2001 to April 2020; a investors may be seeing in equities is also over the long period of period of 19 years and the value of their SIP 5-, 10- or 15-years; the 4 months. The total investments fall below with its cycles of falls stock market indices investment in this period the investments made. and rise. Take for have only gone up. works to `11.4 lakh and Such investors may instance, the journey of its worth `36,62,357 consider exiting or the S&P BSE SENSEX Futile to cancel SIPs earning 10.83% SIP stopping the SIPs; they Values over its more than four decade history in the short run returns (XIRR). should not take such a There are many Now, this period had hasty decision. – it has had its share of disadvantages of several dips and gains Let us consider the gains and losses over cancelling or stopping and months when the investment period many short-term and SIPs. To understand the SIP investment value from January 2005 medium-term phases. impact of such moves, was lower than the to December 2009; a We have witnessed a let us consider a few invested sum. This is an stock market fall so far in 2020, owing to the value of S&P BSE the Corona virus or SENSEX index jumped Covid-19 pandemic. three times. It was also SIP the period when the Investing in equities S&P BSE Investment Investment is advisable when it is Sensex Value (`) markets witnessed a (`) done for the long term with a clear time line Jan-05 6555.94 5,000 5,000 in January 2008, and and target goal in place. between Jan-Oct 2008, Jan-06 9919.89 65,000 85,733 If you look at the way the S&P BSE SENSEX the S&P BSE SENSEX Jan-07 14090.92 1,25,000 1,93,014 witnessed a massive has moved from January Jan-08 17648.71 1,85,000 3,08,664 58% fall. The S&P BSE 2001 to March 2020 SENSEX was 20,300 on Jan-09 9424.24 2,45,000 2,09,676 Jan 1, 2008 and ended (See: S&P BSE SENSEX Dec-09 17464.81 3,00,000 4,58,933 at 8,509 on Oct 27, alerts), there have been 2008. Monthly Sip of `5,000 invested in S&P BSE SENSEX on the last working day of the several health-related month. Past performance may or may not be sustained in the future. An investor with scares. There was SARS Source: S&P BSE SENSEX monthly SIP investment An investor education initiative by
of `5,000 in the S&P for direct debit may take BSE SENSEX from longer or skip the SIP January 2005 would S&P BSE SIP Investment date before registering Investment have reasons to worry Sensex Value (`) for SIP pause. (`) when his investments And, if you are in January 2009 were Jan-14 20513.85 5,000 5,000 investing directly through lesser in value compared Jan-15 29182.95 65,000 76,035 an AMC; you could to his investments (See: communicate to the Table 1). If this investor Jan-16 24870.69 1,25,000 1,20,123 AMC whose fund you are had exited at this point it Jan-17 27655.96 1,85,000 1,95,834 investing in to pause your would have been a loss. SIP. Taking a pause is Jan-18 35965.02 2,45,000 3,22,664 However, just 12 months better than stopping later, his investments Dec-18 36068.33 3,00,000 3,79,321 your SIP because would have risen and Monthly Sip of `5,000 invested in S&P BSE SENSEX on the last working day of the restarting a paused SIP earned a handsome month. Past performance may or may not be sustained in the future. is far more convenient Source: S&P BSE Sensex (www.bseindia.com) 18% SIP returns (XIRR) and easier than restarting a stopped SIP. In this investment period. from fund house to fund way, you can continue Let us consider house. In general, the your habit of disciplined another scenario SIP Pause facility can investments once the between January 2014 only be availed once in pause duration ends. and December 2018. the lifetime of the fund. Investors could A monthly SIP For instance, if you were contact their advisors investment of `5,000 investing `5,000 through or reach out to the in this period would continue SIPs owing to monthly SIP in a fund AMC to execute an have dipped in value in cash flow problems or from January 2019, SIP pause. Instead of January 2016. Again, the anxiety may be too and in February 2020, completely stopping their in this scenario too, if high. In such a context, decided to take a break investments; they could the investor had stayed a feature with SIPs and pause your SIP in reduce the amount of invested and not exited, which often gets missed March 2020. SIP they commit. This the investments would is the flexibility to take To initiate a SIP process would entail a break from investing pause, you need to stopping the existing SIPs within a year. At the by opting for the SIP inform the AMC and and restarting a new Pause facility. ! " period, the investment is form. You should forms. This process `3.79 What is SIP pause? provide substantial would ensure that regular lakh on an investment Some AMCs allow you notice to take a gap investments continue, of `3 lakh at 10.55% SIP to take a break from in SIP investment and even though it would returns (XIRR). regular SIP investing not rush for a pause be lesser. Investors can take with the SIP Pause a few days prior to A timeless lesson a lesson from being feature. The SIP Pause the SIP investment to remember with SIP patient when investing feature is temporary date, because a pause investment is that it is a in the stock markets for and is usually for a friend when it comes to the long term and stay period of up to three only after a month or long-term investing. Just invested through the months for monthly even two. The reason the way today, we are course of the investment SIPs and once in case for such a delay is advised to stay home and period. But there are of half-yearly or yearly because sometimes, the stay safe; stay invested instances when one SIPs. After this, your SIP communication between with SIPs to achieve your restarts automatically. the AMC and the bank Disclaimer: 7KHYLHZVDQGRSLQLRQVH[SUHVVHGDUHWKRVHRI,QGLD7RGD\DQGGRQRWQHFHVVDULO\UHõHFWWKHYLHZVRI6%,0XWXDO)XQG6%,0XWXDO)XQGRUDQ\RILWVRIô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ôQDQFLDOOHJDODQGWD[DGYLVHUVIRUSODQQLQJRIJRDOVDVZHOODVEHIRUHWDNLQJDQ\GHFLVLRQRILQYHVWPHQW7KHWD[EHQHôWVXQGHU6HFWLRQ&DUHDVSHUFXUUHQWWD[UHJXODWLRQV)RUPRUHGHWDLOV DQGSURYLVLRQVRQJLIWLQJWKLUGSDUW\SD\PHQWVUHIHUWKH6WDWHPHQWRI$GGLWLRQDO,QIRUPDWLRQRIWKHIXQGKRXVH\RXZRXOGOLNHWRLQYHVW,QYHVWRUVVKRXOGGHDORQO\ZLWKUHJLVWHUHG0XWXDO)XQGVGHWDLOVRIZKLFKFDQEHYHULôHGRQWKH6(%,ZHEVLWH KWWSVZZZVHELJRYLQ XQGHU Ø,QWHUPHGLDULHV0DUNHW,QIUDVWUXFWXUH,QVWLWXWLRQVÙ3OHDVHUHIHUWRWKHZHEVLWHRIPXWXDOIXQGVIRUSURFHVVIRUFRPSOHWLQJRQHWLPH.
UPFRONT BOOKS THE MAJORITARIAN mutual respect—he points to the prac- tice of volunteers addressing one another with the honorific “ ji” as especially BARGAIN powerful for youth accustomed to being treated with contempt—that attracted By Joel Lee him to the Sangh. The mutual respect, however, proves false. The turning point in the narrative comes when, following a joint RSS- VHP function in his village in honour of “martyred” karsevaks whose ashes I COULD NOT BE are being carried through the region, HINDU: THE STORY OF A DALIT IN THE RSS Meghwanshi has his family laboriously By Bhanwar Meghwanshi prepare and pack a dinner to feed the (Translated by Nivedita Menon) honoured assembly of sants and sadhus, NAVAYANA only to discover the next morning that ` 399; 240 pages his Hindutva mentors dumped the entire meal on the roadside after leaving his village, having never intended to eat W hen the Rashtriya Sway- majoritarian myth is merely a first food cooked by Dalit hands. Devastated, amsevak Sangh (RSS) step. Ultimately, the RSS achieves its Meghwanshi seeks redress from higher held a much-publicised aims through acts of intimidation and RSS authorities, only to find that the three-day lecture series violence against Muslims and Chris- bad faith was not a local aberration, but in New Delhi in September 2018, atte- tians—acts orchestrated by the Sangh’s the institutional norm. ndees were greeted by two gigantic savarna leadership, but carried out, in From a Hindutva foot soldier, Megh- free-standing portraits. On one side, an irony painfully explored throughout wanshi transforms in the following unsurprisingly, rose K.B. Hedgewar, the memoir, by backward caste and years into an Ambedkarite truth seeker founding sarsanghchalak of the RSS Dalit volunteers stigmatised by the very committed to anti-caste struggle and and an early exponent of its ideology of religion they are ostensibly defending. interreligious bridge-building. As a Hindu supremacy. More startling was One could hardly ask for a more student leader, teacher, journalist and the occupant of the adjoining panel: credentialled eyewitness. First inducted activist with the Mazdoor Kisan Shakti Bhimrao Ambedkar, the 20th century’s into the RSS by his sixth-standard Sangathan, he takes part in a series most formidable and trenchant critic of geography teacher, Meghwanshi was by of grassroots struggles—over temple that very ideology. The display implied the age of 15 a battle-scarred karsevak entry, mosque destruction and trident- that Dr Ambedkar somehow approved with jail time, street fights with Mus- distribution in Rajasthan, the Gujarat of, or participated in, the Hindu nation- lims, and bruises from the lathis of the pogrom, and more—that pit him against alist project of which, in fact, virtually Uttar Pradesh police to his credit. In his his erstwhile RSS confederates and his entire oeuvre and political career home district of Bhilwara, Rajasthan, make the book a chronicle not just of an were a systematic condemnation. he swiftly ascended the Sangh’s ranks to extraordinary life but of three conse- If this effort to appropriate Ambed- become, before the age of 20, pramukh quential decades of the nation’s history. kar—and with him, Dalits—seems in- or chief of the city office. He received No other book exposes so viscerally credible, Bhanwar Meghwanshi’s potent weapons training—lathis, knives, Molo- the instrumentalism of the RSS effort to insider account of the RSS reveals that tov cocktails—from his RSS mentors. In woo the disprivileged castes even while attempts like these are but the polished a fast-paced narrative delivered in bold, nurturing casteism deep in its savarna tip of a vast and menacing iceberg. In straightforward prose, Meghwanshi heart. In the present moment, when the I Could Not Be Hindu: The Story of a describes the culture of militancy and Faustian bargain that Hindutva extends Dalit in the RSS, Meghwanshi guides to Dalits and backward castes has never the reader into the parallel universe of been more politically salient, the lessons those RSS schools, shakhas and camps THE BOOK EXPOSES of Meghwanshi’s searing memoir could that target the youth of disprivileged THE INSTRUMEN- not be more urgent. ■ castes for indoctrination and training TALISM OF THE RSS in militant ethnoreligious nationalism. EFFORT TO WOO Joel Lee is assistant professor of In these institutions, the inculcation of THE DISPRIVILEGED anthropology, Williams College, disregard for historical fact in favour of CASTES WHILE NUR- Massachusetts TURING CASTEISM IN ITS SAVARNA HEART M AY 1 1 , 2 02 0 INDIA TODAY 1 1
UPFRONT INDIA AS THE PHARMACY OF E X T E R N A L A F FA I R S THE WORLD INDIA’S India has taken on the critical task of supplying medicines to countries across the globe MEDICAL by enhancing production and expediting export clear- DIPLOMACY ances to meet the explosion in demand for drugs such as Hydroxychloroquine (HCQ) and Paracetamol. Medicines S oon after the COVID-19 pandemic have been delivered as gifts to broke out, the ministry of external af- developing countries and as fairs (MEA) geared up to respond to the commercial exports to those complex situation that had to be dealt who could afford to buy them with on an emergency basis. Employing what foreign secretary Harsh Shringla calls “medi- cal diplomacy”, the MEA has played a sterling role in ensuring that India acted as both the pharmacy of the world and a global health provider. It has supplied vital medicines as a gift to over 40 coun- tries and ensured commercial exports of them to another 60 countries, including those in the US and Europe. It has organised rescue and evacuation operations at short notice and arranged for emer- gency medical supplies, including personnel, to assist a number of developing countries. India has reinvigorated the SAARC, despite Pakistan’s dour- ness, by not only forming a fund, but also using technology for international interaction and train- ing of medical personnel. And it is engaged with the Mexico world through the G-20 and bilateral interactions in virtual conversations with over 100 countries to Medicines enhance the global pandemic response. gifted to Colombia Ecuador — Raj Chengappa Humanitarian aid given to South America HELPING HAND An Indian Air Force mission to transport essential supplies to the Maldives under Operation Sanjeevani Chile HUMANITARIAN ASSISTANCE Rapid response teams, consisting of doctors, nurses and paramedics (from the armed forces), have been deployed to the Maldives and Kuwait. Operation Sanjeevani delivered 6.2 tonnes of medi- cines and hospital supplies to the Maldives
Gifts Exports Procurement HCQ HCQ facilitation 10 MILLION 26 445 MILLION 60 MEA officials are also part of the Government’s tablets countries tablets countries empowered group gifted supplied* exported supplied involved in the procurement of medical supplies, Paracetamol Paracetamol including personal protective 1.32 MILLION 15 619 MILLION 50 equipment and testing kits from countries manufacturing tablets countries tablets countries these items gifted supplied exported supplied *Includes Bhutan, Nepal, Bangladesh, Afghanistan, Seychelles, Mauritius, and countries in Africa, the Middle East, Central Asia, South America and the Caribbean Ukraine Kazakhstan Armenia Afghanistan Syria Nepal Caribbean Kuwait Bhutan Egypt Mali Niger Myanmar WE HAVE Bangladesh Senegal Chad West TAKEN A Sierra Leone Burkina Faso Asia HUMANITARIAN Uganda Maldives AND FAR-SIGHTED Republic VIEW THAT WILL of Congo DR Congo Seychelles STAND US IN GOOD Brazil Zambia Mauritius STEAD IN THE Zimbabwe POST-PANDEMIC Argentina Eswatini WORLD ” Madagascar HARSH VARDHAN Africa SHRINGLA Foreign Secretary Essential supplies and medicines Zambia, Niger, Eswatini, Chad, with a total of 28 countries in this have been delivered to 17 countries Mali, the DR Congo, the Republic region receiving medical supplies in our extended neighbourhood, in of Congo, Senegal, Burkina Faso, from India either as humanitarian the Indian Ocean, West Asia, Sierra Leone and Zimbabwe have assistance or on the basis of com- Central Asia and South America received or are in the process of mercial contracts. Special consid- receiving humanitarian supplies eration has been given to partner Humanitarian aid supplies have nations from the region, which also been delivered to several Countries in Latin America have include Argentina, Brazil, Chile, countries in Africa. Uganda, also received special attention, Colombia and Mexico Source: MEA
UPFRONT OUTREACH (L-R) Prime Minister Narendra Modi at the SAARC video conference; Indian ambassador Ruchira Kamboj (right) hands over medical supplies to Bhutan’s health minister EVACUATIONS SAARC Initiatives FROM HOT ZONES The MEA has also coordinated massive On March 15, India organised a video conference incoming and outgoing evacuation of leaders of SAARC countries, chaired by Prime exercises—and not just of Indian citizens Minister Narendra Modi. A number of initiatives Ô The MEA has facilitated the evacuation of more and projects have also been launched than 58,000 foreign nationals from India to 72 countries. This includes 4,834 Japanese nationals, 3,199 Germans, 2,937 Malaysians, 1,581 Israelis, 1,818 French nationals, 3,705 Americans, 2,026 Ô A COVID-19 emergency online training and the use Canadians, 6,265 UK nationals, 1,689 Australians, fund, based on voluntary of digital resources like 2,688 Afghans, 1,062 Bhutanese nationals and contributions, has been e-learning modules on key 1,182 Russians created, to which India has aspects about the pandemic Ô The MEA coordinated the evacuation of 2,465 made $10 million available Ô India has activated its Indians and 48 foreigners from China (Wuhan), including Iranian, Japanese and Italian nationals, Ô On March 26, a video e-ITEC network, that via special flights. Another 1,609 stranded Indian conference of health gets medical experts to train citizens were evacuated from Malaysia, Singa- professionals was held, healthcare personnel in pore, Amsterdam and Paris via chartered flights with representatives at the countries in the neighbour- Ô Indian embassies across the world are maintain- level of director-general hood. Resources include ing contact with Indians stranded overseas. The of health services from all webinars featuring top pro- MEA promises to repatriate them when possible SAARC nations fessionals from institutions such as the AIIMS in Delhi Ô To facilitate communica- and PGI, Chandigarh tion on patient manage- ment, testing and disease Ô The SAARC Disaster THE BIG OUTREACH surveillance, a WhatsApp Management Centre Prime Minister Narendra Modi has been contact group of doc- in Gandhinagar, with the engaging with the leaders of G-20 and SAARC tors from participating assistance of the MEA and countries through virtual meetings, and has had nations was created other ministries, has set up over 34 interactions with counterparts across a website (www.covid19- the world to work towards a common global Ô A COVID-19 information response to the pandemic. Foreign minister S. sdmc.org) linked to the of- exchange platform, Jaishankar, too, has been working the phones to ficial COVID-19 websites of named COINEX, was devel- coordinate with his foreign counterparts. After individual SAARC countries oped by India to facilitate one such conversation with Chinese foreign minister Wang Yi, Jaishankar tweeted, ‘Global challenges require global cooperation’
UPFRONT S WA M I T VA S C H E M E A SENSE OF OWNERSHIP By Manish Dixit MANEESH AGNIHOTRI VALID ADDRESS A village house near Pilibhit, UP S hishupal Singh, a resident the scheme’s progress along with the have not been mapped on this scale. of Arimal Yayi Tipu village Survey of India and the panchayati raj Agricultural economist Tazamul in Kanpur Dehat in eastern and revenue departments of various Haque, who headed the panel that Uttar Pradesh, has just heard states. According to the Centre, the conceived the Model Land Leasing Act, of the Centre’s new Swamitva scheme, Swamitva scheme will unlock the ben- says the rural property card was long which will allot property cards to every efits of owning rural properties. Apart overdue. He feels the scheme could solve house in the village. Excited because he from market appreciation, the property many of the long-pending property feels the value of their houses will go up, cards would stand as collateral for loans disputes in villages besides giving an he is sure banks too will start looking at or advances from banks and financial identity to residential property in rural villagers with new interest. Shishupal, institutions. An accurate survey of the areas. Data accruing from the exercise whose wife is the gram pradhan, says properties will also help the gram pan- could also be linked to digitised data on houses in the village carry little value chayats offer better civic services, be- land in the villages, he says. now as there are no proper records sides enabling them to collect property But first, the states will have to sign (land records now are kept by the ‘fam- taxes in the future. For the states, the MoUs with the Survey of India. Demar- ily register’ at the panchayat office, a survey maps will be of immense use in cation of properties on the ground will phenomenon peculiar to the state). He’s preparing future development schemes. be done by the villagers, gram panchay- hoping the system will change with the The maps will be prepared by the ats and state revenue departments. The Centre’s new initiative. Survey of India with the assistance of Survey of India and state agencies will The Swamitva scheme, launched the revenue and panchayati raj depart- then determine open common lands, by Prime Minister Narendra Modi on ments of states. The Surveyor General government lands, gram sabha lands Panchayati Raj Diwas—April 24—has of India, Lt Gen. (retd) Girish Kumar, and land owned by villagers. After the a mammoth plan in the works: to use says the drone survey will produce survey is done, the state government the latest drone model survey to map state-of-the-art HD photographs. Every will issue a notification to establish every rural property in the 662,000 house will be shown with its measure- ownership rights. Any objections over villages of the country over the next ments, including total area, covered these rights will be investigated by an four years. Once the area, etc. Kumar says the officer of the revenue department. After survey and legalities are AN ACCURATE village maps, prepared approval by the defence ministry, the taken care of, owners Survey of India will hand over the maps SURVEY OF THE on a scale of 500:1, will will be issued a prop- be so comprehensive to the Centre and the concerned state erty card with a house LAND WILL with topography and departments. The property cards will be number. The pilot phase HELP GRAM street details—and a issued by the state authorities. this year (2020-21) plans PANCHAYATS resolution accuracy of up The task ahead looks clear-cut, but to cover over 100,000 OFFER BETTER to 10 cm—that they will in the villages, many will tell you that villages in six states. CIVIC be unlike anything that there are complications. In states like The panchayati raj SERVICES has been done before. He Madhya Pradesh, villagers have no ministry will coordinate says even India’s cities records of their residential properties. 16 INDIA TODAY M AY 1 1 , 2 02 0
CLEAR TITLES FOR VILLAGE HOMES NOT SO CLEAR CUT the last survey in Haryana was some 50 Ô WHAT IS ministry in coordination ment plans. The gram years ago. The situation is not too differ- SWAMITVA? with the state panchayati panchayats will be able ent in other states. Swamitva is a new cen- raj and revenue depart- to collect house tax now Shishupal Singh, who is otherwise tral scheme to grant legal ments and the Survey recognition to residential of India Ô POSSIBLE ISSUES optimistic about the card, admits to properties in rural areas. z Absence of property a few other issues. For one, with the After they are mapped Ô THE BENEFITS records in villages number of families increasing, houses are and cleared, houses in Legal recognition will z Property disputes already shown as divided into parts with surveyed areas will be enable owners to within families, especial- residents in the voter list as occupants of allotted numbers and monetise their property, ly in old settlements A,B or C section of it. The lekhpal (vil- issued property cards access bank loans using z Ownership being it as collateral. For the granted to houses on lage clerk) in UP does maintain a map Ô WHO WILL government, the updated illegally occupied land of the residential area, but the houses EXECUTE IT maps will help in prepar- z Village politics, truant are bought and sold without any record. The Union panchayati raj ing accurate develop- gram pradhans If a piece of land lies unoccupied in the residential area, it is shown as barren and not entered in the khatauni (an abstract STAMPED AND NUMBERED that lists all holdings of an individual or family). In some cases, a registered sale deed for houses may exist, but even that is Haryana Uttarakhand Uttar not evidence of title of the said property. 3,826 4,000 Pradesh Supreme Court advocate Ashwini 7,652 17,048 53,622 Upadhyay highlights the complex way 1,07,242 Madhya villages are structured to poke holes in Pradesh the Centre’s plan. He feels rural proper- 1,000 ties should be linked to Aadhaar cards. 55,100 At the moment, only those who are leaving for good sell their houses in the Maharashtra villages. They sell their lands and often 22,069 the value of their houses is included in 44,137 662,000 the price as there is no record of housing Total no. of villages in the country properties in rural areas. “Right now, there is litigation even on the issue of Karnataka 16,580 101,097 tethering buffaloes. Determining prop- No. of villages in first erty titles in the extremely dense villages 33,157 Villages part of pilot survey phase of survey of UP won’t be easy either,” he says. Total no. of villages (2020-21) Advocate Ramanand Goel points to another vexing issue—village politics. The pradhans will surely try to promote their henchmen. Panchayat politics In cases where a house is shared by many of these deals. Gupta also says anyway divides villagers in a big way; this siblings, everyone will want to have a it will be very hard to identify rightful could become one more reason. separate property card. Apart from owners of houses in rural MP as there Besides, each geographical zone will this, villages have a complex structure. are no records at the gram panchayats. have its own peculiar problems associ- There are adjacent houses and court- Ramanand Goel, a former presi- ated with the measurement of assets yards, people pass freely through each dent of the Ghaziabad Tehsil Bar by drones. Illegal encroachments are a other’s lands. All this will pose new Association, fears a spike in legal cases. problem in MP while UP has been evacu- challenges once titles become an issue. The kutumb (family) register in UP ating illegal occupants. There will also be MP Sarpanch Sangathan president contains names of every member in problems for specific communities, like Somesh Gupta has even more serious a family, enough reason for litigation the tribals in MP who live in villages on concerns. He worries that land-grabbers when it comes to whose name will app- the city’s outskirts. They have no proof to could have a field day if the property ear on the property card. even establish their identity. On a posi- card comes through. As it is, there are The problem also stems from tive note, experts say the property card no property records, and many transac- the fact that land surveys have not plan could help the government identify tions are for houses on illegal land. The been done in India for decades now. people who have amassed huge proper- property card scheme could legitimise Surveyor General Kumar recalls that ties in rural areas. ■ Graphic by TANMOY CHAKRABORTY M AY 1 1 , 2 02 0 INDIA TODAY 17
UPFRONT BOOKS THE PEACE INTERLUDES By Sumit Ganguly G iven the sheer significance of the of their respective, nascent states. India-Pakistan relationship, the Raghavan also shows that despite the paucity of careful and informed backdrop of the war over Kashmir, the two scholarship about its origins and sides cooperated in other areas. To that evolution is quite striking. Diplomatic his- end, they passed legislation to deal with torians, political scientists and former poli- the extremely delicate question of women cymakers have all written about the subject. who had been abducted in the upheaval However, with marked exceptions, the bulk of Partition. Well-connected women from of these works have been partial, polemical prominent families on both sides of the and idiosyncratic. Worse still, because of the border played vital roles in working with unavailability of suitable archival material other administrators to bring some relief from either side of the border, till recently, to those women who had met this most almost all writing on the subject was based ANIMOSITY AT BAY unfortunate fate. on elite interviews, newspaper accounts and An Alternative Raghavan also provides an extensive other documents in the public domain. History of the discussion of the attempt to forge a ‘no-war India-Pakistan Rela- Apart from these limitations, the bulk of tionship, 1947-1952 pact’, which ultimately resulted in failure. the available work has focused on the under- By Pallavi Raghavan These discussions were carried out against lying sources of discord as well as the crises HARPERCOLLINS a backdrop of steady population transfers, ` 396 (Kindle); and wars that have marred this relationship. 260 pages growing acrimony in the mass media in In this context, Pallavi Raghavan’s book, both countries and a flurry of diplomatic Animosity at Bay, makes two important activity in other capitals, including pleas contributions to the extant literature. At from Pakistan to the United Kingdom to IN THE END, THE the outset, the book is based upon careful, intervene in the troubled bilateral relation- ‘NO-WAR PACT’ painstaking and extensive archival research ship. In the end, the accord failed to mate- FAILED TO MATE- involving multi-country sources. rialise because neither side could muster RIALISE BECAUSE Its other contribution is substantive: the requisite domestic support to realise it. NEITHER SIDE Raghavan seeks to demonstrate that in That said, she emphasises that even after COULD MUSTER the years following the partition of British the prime ministerial correspondence had THE REQUISITE India and the creation of the two states, reached an impasse, Nehru continued to DOMESTIC the relationship, though ridden with the profess his goodwill towards Pakistan. SUPPORT TO Kashmir conflict, was not wholly hostile. Raghavan also provides a detailed acc- REALISE IT Instead, statesmen and bureaucrats in both ount of the process that led to the success- countries cooperated on a range of bilateral ful realisation of the Indus Waters Treaty. issues. These ran the gamut from questions of the disposal of Among the more quirky revelations is the role of an East Ger- evacuee property, the sharing of the Indus river waters and man refugee and noted legal theorist, Frederich Berber, who attempts at reaching a no-war pact. Even though all these was appointed advisor to Nehru on the Indus waters dispute. subjects have been addressed in previous works, Raghavan, It is also worth noting that at the time neither side deemed the through the deft use of newly-available archival material, has treaty to be a success but the best solution that was possible. managed to bring greater nuance and clarity to many of these Raghavan’s careful examination of this period of India- important and fraught subjects. Pakistan relations suggests that despite far-reaching differ- She argues that the two sides managed to accommodate ences, the two countries reached some important settlements each other on a host of issues shortly after Partition. Never- even as they were engaged in the demanding process of state- theless, it is evident from much of her discussion and analysis building. Perhaps the understandings reached during this his- that reaching such understandings was neither easy nor free torical period offers some small hope in tackling the myriad of contention. For example, she contends that the members problems that currently plague the bilateral relationship. ■ of the Partition Council, the body that was responsible for the division of a host of assets, tackled the tasks at hand calmly Sumit Ganguly is a distinguished professor of political despite the horrors that the partition had wrought. She also science and holds the Tagore Chair in Indian Cultures and shows that the key players tenaciously argued for the interests Civilizations at Indiana University, Bloomington 18 INDIA TODAY M AY 1 1 , 2 02 0
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