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RNI No. DELENG/2014/55799 Delhi Postal Regd. No. DL(ND)-11/6168/2018-19-20 May 2020 I Rs 50 www.powercorridors.in POWER CORRIDORS Light at the end of the tunnel? sales@powercorridors.in
Power Corridors www.powercorridors.in Chairman & Editor-in-Chief : Nandan Jha Contents Consulting Editor : Ravi Shanker Kapoor Executive Editor : Satish Mishra Legal Advisor : Dr. Vivek Singh Business Head : Heena Bhatia VP Business Development: Navin Kati AVP Business Development: Ragini Rai Manager Business Development: Namit Bajaj Assistant Editor : Prashant Bhardwaj Special Correspondent : Arvind Sharma Rajasthan Bureau Chief : Saurabh Indoria Chief Illustrator & Designer : Rekha Executive Circulation : Vinod Kumar Consultant Style : Aakansha Malviya (Maggie) Patron: Dr. Ved Pratap Vaidik Chartered Accountant : Prabhat Sukhija Publishers & Printer : Nandan Jha Head Office: B-4/14, Safdarjung Enclave, New Delhi-110029 Nandan Jha is the publisher and owner of the monthly news magazine Power Corridors Corporate Office : 411, Naurang House, K G Marg, New Delhi 110001 Phone : +91 011-41610411 Mumbai Office : 1915, Sumeet Apartments, Royal Palm, Goregaon (E), Mumbai Mobile : +91 9769420651 14 Kolkata Office : 24, Sir Hariram Goenka Street, Kolkata 7 Contact - 9830889999 Getting out of Maharashtra Office : 601-602, Origin 108, Near Bhakti Bhavan, Sindhi Society, Chembur, Mumbai, Maharashtra 400071 the corona mess Contact - 7045916452 Ranchi Office : Kishore Yadav Chowk, Near New Market, Ratu Road, Ranchi 834005 Cover story-I Rajasthan Office : B5, Mangalkunj, Opposite Heerapura Powerhouse, Ajmer Road, Jaipur, 08 Rajasthan 302024 Contact - 7600025903 Overseas Branch Offices Ukraine Office No. 12, Vidradnyi Avenue 6/1 Kiev, Ukraine - 01001 +38-0931950005, +91-9210150005 Russia Ajay Harinath Singh Grizaduboboi, house 2, office 128, Moscow, Russia +79671667777, +91-8527918427 Man of accomplishments Norway, Sweden, Denmark, Iceland & Finland in business and charity 12 Furukroken -1, 1481, Hagan, Norway +4791888819t For avertisements contact: sales@powercorridors.in powercorridors@yahoo.com All rights reserved. No part of this publication may be reproduced in any manner without the written permission from publishers. Interview: Vijay Sharma, Director, MoPNG Printed, Published and Edited by Nandan Jha on the behalf of Interactive forum on Indian Satat is aimed at promoting Economy Printed at MP Printers (A unit of D. B. Corp. Ltd.) B-220, Industrial Area, Phase-2, Noida, CBG as a green transport fuel 201305 (UP) Published at B-4/14, Safdarjung Enclave, New Delhi-110029. Distributed By Amar Chitra Katha Pvt. Ltd., Gole Market, New Delhi may 2020 3 Power Corridors
40 Great Speeches The lady’s not for turning 20 cover story-ii India responds vigorously, effectively against Covid-19 24 cover story-iii 46 Corona: India’s Science & Technology 30 global image From artificial improves intelligence to human Life & Culture augmentation Lord Rama provides 48 succor during corona crisis sport 28 Corona badly hits the world cover story-iv of sports Coronavirus badly impacts realty sector 33 An Underrated Classic 50 Silver screen The Theory of Moral Sentiments Power Corridors 4 may 2020
Editorial Chairman’s Message C risis, they say, reveals character. The threat posed by Covid-19 is not an exception. As nation, indeed the entire world, fights the novel coronavirus, what is good and noble has come out in the open. There is fright, despondency, and disruption, and yet there are millions of people from various walks of life—doctors, nursing staff, paramedics, cops, sanitation workers, mediapersons reporting from ground zero, et al—who are tirelessly and fearlessly carrying out their duties. They have rightly been called corona warriors. Nandan jha Supporting them are the auxiliary forces, those who are providing succor to the needy facebook.com/jhnandan and food to the poor. The huge drives by citizens and voluntary groups preparing food and distributing among the hungry are commendable. Typically, the Rashtriya Swayamsevak @Nandan_jha4 Sangh (RSS) has taken lead in this endeavor. RSS activists have been working ceaselessly to help the poor. Unfortunately, the corona crisis has also brought out the unlovely aspects to the fore. Some Chief Ministers are playing on fear and panic, and arrogating more power to themselves. They are unnecessarily extending the lockdown, unmindful of the baneful consequences on the economy. It is time they realized that the need of the hour is to bring things to normal. h Editor’s Note T he resignation of Neil Ferguson from the panel that advised the UK government on the novel coronavirus has underlined the hypocrisy and arrogance of the peddlers of lockdown. He is director of the MRC Centre for Global Infectious Disease Analysis at Imperial College, London. It was his report that terrified the entire world for its apocalyptic but false predictions. It also began the insensitive and disastrous lockdowns all over the world. The report had said that as many as five lakh Britons and 2.2 million Americans could fall prey to Covid-19. Ferguson’s scaremongering ravi shanker kapoor was the main factor in convincing Prime Minister Boris Johnson to impose the lockdown facebook.com/ravishanker.kapoor on March 23. Ferguson came to be known as ‘Professor Lockdown.’ The hypocrisy became evident when it was reported that Professor Lockdown’s had @libertypartisan called his married girlfriend, Antonia Staats, a Leftwing activist, to his residence for… well, you know what. The man who coaxed Johnson into putting millions of people under house arrest didn’t follow it. After all, rules are for fools, made by wise men and women—the men and women like Ferguson and Staats. Ferguson wants to play God; he wants to save the world from the coronavirus; his counsel is to lock up everybody so that they don’t infect anybody else. That is, everybody but himself; being divine, he cannot infect anybody, even if he had tested corona positive. In a statement, he said, “I acted in the belief that I was immune, having tested positive for coronavirus and completely isolated myself for almost two weeks after developing symptoms.” His beliefs are more important than the lives and liberties of others. h may 2020 5 Power Corridors
News in Brief Tablighi Jamaat became corona spreaders Tablighi Jamaat, the little-known Islamic organization, came under scanner during a religious congregation held at its headquarters in Delhi in March when dozens of people tested positive for ovid-19. At least 2,000 people, both from across the country and foreign nations such as Indonesia and Malaysia, had attended Vice-President the gathering in Nizamuddin that started in early March and went on for a couple of weeks. Those people allegedly were responsible for the spread calls for building of coronavirus. Maulana Saad Kandhalvi, leader of the group, a greener, cleaner planet was booked by the Delhi police under the Epidemic Disease Act. The Tablighi Jamaat (Society of Preachers) which was founded by a Deobandi Islamic scholar Muhammad Ilyas al-Kandhlawi in Mewat, India, in 1926. Its objective was to Vice-President M. Venkaiah Naidu has called upon establish a group of dedicated preachers for the all citizens to collectively strive for building a revival of Muslim society in accordance with greener and cleaner planet, saying environmental true Islam, without the accretions of un-Islamic protection is a pious civic duty of all. In a message practices, like Sufi mysticism, by many Muslims. on the eve of World Earth Day on April 22, he said: The organization flourished in what was then “Let us accord prime importance to protect Mother undivided India. It has a strong following in both Nature, re-orient the development models and Pakistan and Bangladesh. h consumerism-driven lifestyles.” The Vice-President said that in the wake of the Covid-19 pandemic, we have to revisit and reinvent our development and economic strategies. Pointing to the unprecedented health crisis caused by Covid-19 pandemic, he said the sweeping lockdowns brought the world to a near halt, reduced the pollution levels and improved the air quality, making us realize the extent to which man has disrupted the ecological balance. Referring to World Earth Day 2020 theme’s focus on Climate Action, the Vice-President said: “We must learn from our past mistakes and understand the importance of the symbiotic co- existence between man and nature. We are living in an interconnected world and cannot continue with a business-as-usual approach in the quest for development and modernization as every action impacts the environment”. He urged the people to become pro-active warriors in the protection of nature. h Power Corridors 6 may 2020
News in Brief Gloom in film industry in time of corona The last week of April saw two of Hindi cinema’s power performers lose their life. The unconventional Irrfan Khan and the veteran actor Rishi Kapoor both breathed their last. While Irrfan lost his life due to colon infection, Kapoor succumbed to leukemia. The death of both the stars is a huge loss to the film industry. Irrfan Khan was not only a big star in the country but also had made a mark in Hollywood. Irrfan was just 53 and it is hard to believe that a man who was a powerhouse of talent has gone too soon. He was trained as a theatre actor in India's prestigious National School of Drama, but then struggled hard to make a name for himself and finally emerged as one of the most refined actors. Despite his status as one of Bollywood’s most celebrated actors, Irrfan was known for his humble nature and the news of his death sent the world of cinema into mourning prompting actors, fans and politicians across the world to express their sadness at his death. Boris Johnson survives Covid-19 Rumors were rife that British Prime Minister Boris Johnson began self-isolating in a flat above No 11 Downing Street. Yes, he had Covid-19. Earlier, the symptoms were nothing to worry about. At The iconic Rishi Kapoor, who had a glorious a time when the deaths from the coronavirus career in the world of Hindi cinema spanning over were increasing, his condition was not a cause four decades, took the legacy of his family forward. for worry. But suddenly things changed. He married actress Neetu Singh and the couple did He had to be admitted to the intensive care a lot of romantic movies. Their son Ranbir Kapoor unit. By April 1, the infection had taken a serious is now one of Bollywood's top stars. turn; he needed ventilator support. It was on Rishi Kapoor would always be remembered as the April 8 that the ventilator was taken off. He was ultimate chocolate boy of Bollywood. From Bobby discharged from the hospital on April 12 after to Sagar to Prem Rog, he gave a new definition spending seven nights there, three of them in to romance. His roles recent films— Mulk, intensive care. h Agneepath—became more serious and it seemed he wanted to explore every genre. h may 2020 7 Power Corridors
The Chairman & Managing Director of Darwin Platform believes that while it takes a considerable amount of wealth to make a man more than comfortable, the same amount of wealth can be used to uplift the society Man of accomplishments in business and charity Power Corridors 8 may 2020
Ajay Harinath Singh PC Bureau @power_corridors jay Harinath Singh, Chairman & Managing Director of Darwin Platform, is a man whose accomplishments speak for himself. Despite belonging to one of the most influential families of India, Ajay worked for a number of companies and founded the Darwin Platform Group of companies, a conglomerate dealing in banking, reality, hospitality, mining, pharmaceuticals, film production, etc. Ajay, who is also the President of the Singh and Sons Holding, has played a major role in the rise of Singh family’s empire. His family was considered one of the most prominent business families in India during the 19th century. He also has a rich educational background. In 1997, he attended K.M. Doongursee College in Dadar where he received a Bachelor’s degree. He then moved to London where he completed a Master’s degree in 2005. After completing his formal education, Singh worked for various businesses including Kraftos London, Cobra plc, Aviva Life Insurance, Metife Insurance, and Bharti Axa Life Insurance. Having a great business mind and the rare quality to identify the customer’s needs and offering solutions backed with first-class service, Singh methodically founded other companies including Arms and Darwin Platform Avitronics Inc. Ajay has been associated with selling the Sukhoi 30 and MIG aircraft from Russia to other countries. Apart from having a great business mind, he has always believed in providing social service to the needy ones. In this regard, he says, “Throughout my years of travel for both, work as well as pleasure, I have encountered people struck down by poverty who have been battling their hunger. No one should have to be hungry. There’s plenty for everyone on earth.” The AHS Food Charity was set up in India, to provide food to homeless and needy and has now opened food kitchens in London (UK) and Philadelphia (US), providing vegetarian meals to the needy. In addition to this, through his foundation, Singh has helped advance education across fields including business, science, information technology, communications, intellectual property law and wildlife preservation. Apart from this, he has successfully built low-cost hospitals in Latur (Maharashtra) and Bhuj (Gujarat). Raising over Rs 250 crore, these hospitals targeted the needs of low-income families in these areas focusing on providing quality and affordable health services. For a man who is passionate about social projects, he says “It takes a considerable amount of wealth to make a man more than comfortable. The same amount of wealth can be used to uplift the society.” Having an asset-based turnover of over Rs 41,000 crore, Darwin Platform headed by Ajay Harinath Singh also has its presence in Bollywood, Hollywood, and the Russian film industry. Singh continues to be honored for his numerable charity contributions in the United States and India and has been bestowed with Times Power Men and Young Iconic Entrepreneur Awards. h may 2020 9 Power Corridors
may 2020 11 Power Corridors
Interview: Vijay Sharma, Director, MoPNG Satat is aimed at promoting CBG as a green transport fuel Vijay Sharma, Director, Ministry of Petroleum & Natural Gas (MoPNG), is also a member of the Finance Committee in the Indian Institute of Petroleum & Energy and Director on the board of Balmer Lawrie and Mangalore Refinery & Petrochemicals. Prashant Bhardwaj of Power Corridors spoke to him on a number of about the latest developments in Sustainable Alternative Towards Affordable Transportation (Satat). Excerpts from the interview: Prashant Bhardwaj @Prashan45602722 Power Corridors 12 may 2020
What is Satat and why is it important? total production capacity of 15 million metric tonne per The Hon’ble Prime Minister has said that there are four pillars annum (MMTPA), i.e., equivalent to 54 MMSCMD of gas of India’s energy future—energy access, energy efficiency, by 2022-23. energy sustainability, and energy security. India currently imports nearly 84 per cent of its crude oil requirement and What are the future plans? about 50 per cent of natural gas to meet its energy requirement. The government of India launched Satat initiative on October The government has emphasized on achieving energy security 1, 2018. CBG plants are proposed to be set up mainly through of the country with a target of reducing import dependence by independent entrepreneurs. Tentative investment to set up a adopting a five-pronged strategy which includes, increasing CBG plant is in the range of Rs 15 to Rs 50 crore, depending domestic production, adopting biofuels & renewables, energy upon the production capacity, feedstock, and the technology efficiency norms, improvement in refinery processes, and used. For example, the estimated capital investment for a demand substitution. plant (including land) to process 100 tonnes per day of paddy Further, India has set a target of increasing the contribution straw is about Rs 50 crore. This initiative offers a potential of gas in India’s energy mix from existing 6.5 per cent (global for investment of about Rs 1.75 lakh crore (5,000 plants) and average is 23.5 per cent to 15 per cent by 2030. The government generating about 75,000 direct employment opportunity. of India has launched ‘National Policy on Biofuels-2018’ which emphasizes promotion of What are the latest developments advanced biofuels including bio-CNG under this initiative? or compressed bio gas (CBG). Under this initiative, Indian Oil Satat is aimed at promoting CBG as Conversion of waste/ Corporation Limited, Bharat a green transport fuel for efficient Petroleum Corporation Limited, management of biomass and organic bio-mass into Hindustan Petroleum Corporation waste. compressed bio gas Limited, Gail (India) Limited, and Indraprastha Gas Limited have invited What is the process of CBG or CBG has multiple expressions of interest (EoIs) from production? benefits. It is a process potential entrepreneurs to procure Bio-gas is produced through a of responsible waste CBG at an assured price. process of anaerobic decomposition In response, oil PSUs have issued from waste/bio-mass sources like management and around 490 letters of intent (LoIs) agriculture residue, cattle dung, reduction in carbon till February2020. At present, two sugarcane press mud, municipal solid waste, sewage treatment, plant emissions and pollution. CBG plants located at Pune and Kolhapur are operational. The CBG waste, etc. After purification, it is It is also an additional they produce is being sold to the auto compressed and called CBG which revenue source for sector from September 2019. has more than 90 per cent methane The CBG sector is in a nascent stage content. farmers in the country. Support in the area Further, CBG has properties similar of ease of access to finance, biomass/ to the commercially available natural waste supply chain management, gas and can be used as an alternative, renewable fuel along marketing of byproducts, and clearances from government with CNG. As per data available on various waste/bio-mass departments is required for expediting the progress of this sources in the country, tentative potential for CBG production sector. To encourage CBG sector, GAIL has initiated an is 62 million metric tonne per annum. exclusive round for solicitation of investment proposals from start-ups operating in the area of renewable and alternate What are the benefits of conversion of CBG? energy sources. Conversion of waste/bio-mass into CBG has multiple The Ministry of Petroleum and Natural Gas (MoPNG) is benefits. It is a process of responsible waste management coordinating with the Ministries of Finance, Environment, and reduction in carbon emissions and pollution. It is also Forest & Climate Change, Agriculture & Farmers Welfare, an additional revenue source for farmers. CBG is a boost New & Renewable Energy, and Housing & Urban Affairs as to entrepreneurship, rural economy, and employment. It is well as state governments for successful implementation of also a support to national commitments in achieving climate the Satat scheme. change goals. Another benefit is reduction in import of natural The Satat initiative is a step towards creation of ‘Waste gas and crude oil. It also acts as a buffer against crude oil or to Wealth’ and providing clean fuel. It will also provide a gas price fluctuations. sustainable solution for crop burning, employment generation, Satat has envisaged developing 5,000 CBG plants with the boost to overall economy, mitigating climate change. h may 2020 13 Power Corridors
Power Corridors 14 may 2020
Cover Story- I C ronavirus Getting out of the corona mess The need of the hour is a quick end to the nationwide lockdown and the speeding up of reforms for the revival of the economy Ravi Shanker Kapoor @libertypartisan P rime Minister Narendra Modi, in his interaction with the Sarpanchs of Gram Panchayats on April 24, correctly emphasized the need for self-reliance. In the present context, this translates into attracting the capital that would leave China in the aftermath of the corona crisis. This is important not just for boosting the Make in India programme but also decreasing our dependence on China. “This pandemic [Covid-10] has thrown at us new challenges and problems which we have never imagined, but it also taught us a very good lesson with a strong message. It has taught us that we have to be self-reliant and self-sufficient. It has taught us that we should not look for solutions outside the country. This is the biggest lesson we have learnt,” the Prime Minister rightly said. But for this to happen we have to bring the economy back to normalcy or as near to normalcy as possible. This brings a quick end to the nationwide lockdown which was imposed to prevent the spread of the novel coronavirus. The remedy has proved to be worse than the malady. For the economy, already in the slow lane, has almost stopped. Businesses have been hurt; many are likely to be shut down; millions of jobs have been adversely impacted. All this because may 2020 15 Power Corridors
Cover Story- I C ronavirus we have succumbed to the fear of the unknown: the fear that a disease—whose virulence and damage potential remains limited so far—may become epidemic The lockdown has in the country. Enough damage has caused enough been done to the lives and livelihoods people, especially the poor; the sooner damage to the lives the lockdown is lifted, the better for the and livelihoods economy, people, and the nation. people, especially the There should have been no lockdown in India in the first place; it was poor. The sooner it is unnecessary. Our fatalities are 0.75 lifted, the better for per cent of the world’s, while 17 of 100 the economy, people, people are Indian. The extensions of the lockdown were even more unnecessary. and the nation Second, the lockdown is happening only in posh colonies and middle class localities, where most politicians, because of the deadly coronavirus is bureaucrats, decision makers, and media set to continue throughout the current Brahmins live. But our country is much financial year, leading to huge job losses. bigger than Lutyens Zone and Middle These were the findings of a survey India. It is not possible in parts where undertaken jointly by industry body most people live—slums, unauthorized Ficci and Dhruva Advisors. colonies, crowded localities, etc. Why The survey added that the magnitude try the impossible, however desirable it and speed of collapse in economic may be? activity in India in the last few weeks Third, the lockdown and now its was unprecedented and almost 72 per extension are killing the economy. The cent of the respondents to the nationwide decline in demand and sales revenue survey reported that Covid-19 would Power Corridors 16 may 2020
have a ‘high to very high’ level of impact populations in developing countries,” on their businesses. said a 2008 paper by the National Center Fourth, the lockdown has seriously for Biotechnology Information (NCBI). curbed democratic rights and civil The NCBI is part of the United States liberties. Besides, it is an affront to National Library of Medicine, a branch human dignity. Citizens, especially of the National Institutes of Health. younger males, have faced the brunt of There is a strong possibility that the police highhandedness. There are videos lockdown extension would result in circulating on the social media, and increase in poverty and, as a consequence, also appearing in the mainstream news non-corona diseases taking a heavier channels, showing cops thrashing and toll on the poor. Even at present, due to humiliating young men. This has to stop. the attention on Covid-18, non-corona The world’s largest democracy should patients are not getting proper medical not become the world’s largest prison. attention. Fifth, whatever benefits the lockdown Owing to the lockdown, pauperization may have brought in the fight against is already visible; there are long queues Covid-19, its extensions may erode them. of poor people at places where food is distributed. Restarting the economy is the only viable way to preclude mass starvation. The lockdown is Therefore, it is time the Narendra happening only in Modi government started a graded, cautious process towards normalcy. posh colonies and middle class localities, where most politicians, bureaucrats, decision makers, and media Brahmins live. But our country is much bigger than Lutyens Zone and Middle India No disease can be fought without money, The fight against Covid-19 can continue and the government doesn’t have infinite without bringing the country to a halt. resources; as it is, the fiscal situation To attain the laudable goal of self- is precarious. A poorer government, reliance, it is important to note two however noble its intentions may be, things: what not to do and what to do; will not be able to help the weakest and and both are equally important. most affected and vulnerable sections While striving in that direction, of society. The longer the lockdown, the his government has to beware that the greater the misery. new mantra doesn’t become a revival Sixth, more people may die of diseases of the deleterious Nehruvian policy of other than Covid-19. About 4.5 lakh import substitution. While we should people died in 2018 of tuberculosis or look for solutions inside the country, we TB. “The primary diseases of poverty should not become xenophobic, which like TB, malaria, and HIV/AIDS—and in India usually means distrust of and the often co-morbid and ubiquitous contempt towards anything Western. It malnutrition—take their toll on helpless happened when Jawaharlal Nehru was may 2020 17 Power Corridors
Cover Story- I C ronavirus Reformist Chief Ministers: Amarinder Singh, Vijay Rupani, Yogi Adityanath and Shivraj Singh Chouhan prime minister. An unabashed socialist, economic reforms. Thankfully, three he not only hated capitalism but also states have taken the initiative to carry the countries that were its votaries—all out changes in the archaic and inflexible Western nations, especially the US. It is imperative that labor laws. It is interesting to note that This not only led to the rise of the the government three states—Uttar Pradesh, Madhya traitorous V.K. Krishna Menon, the expedites economic Pradesh, and Gujarat—are ruled by man responsible for the 1962 debacle, the Bharatiya Janata Party. What this but an army of intellectuals steeped in reforms. Thankfully, suggests is that the Modi regime is not anti-Americanism. It is galling to such three states have opposed to a big dose of liberalization. thought leaders that India and America are much closer today than the two taken the initiative This is significant because labor laws have remained practically untouched countries were seldom before. to carry out changes by successive governments since the Intellectuals, along with the Congress in the archaic and economy was opened up in 1991. This leadership which promoted them for was due to the protests by vocal trade decades, were horrified when in February inflexible labor laws unions and politicians’ fear that a flexible the Modi regime feted US President labor regime would attract the charge of Donald Trump, the leader of the country being anti-poor and pro-capitalist. Now, they hate the most is given so is being reliance by promoting domestic basic the employers could raise working hours feted by (It is another matter that the and capital goods industries. At the by four hours a day and up to 72 hours same America haters strove and strive same time, the domestic units producing a week in overtime for workers who are to settle their kids in America). consumer goods were to be protected. willing. This also paves the path for third- Quite apart from the rabid the anti- The assumption was that the cost party inspections for new units. Americanism which was occasioned disadvantage in protecting the consumer Still better, the Punjab government by disdain for capitalism, the generally goods sector was comparatively less than under the Congress is also contemplating anti-Western attitude of ruling class also in capital and basic industries. Another modifications in its excise policy and resulted in ruinous economic policies assumption was that consumer goods flexibility in labor laws. whose baneful consequences are felt even are inessential whereas capital and basic These are good developments. For today. From the laudable principle of self- industries are essential. a change, the BJP, the Congress, and reliance to dislike of the West to hatred The fatal flaw, however, was the other parties should stop politicking for for America to the disgrace of 1962 and centrality of role accorded to government some time and start working together starvation-like conditions in the 1960s, in general and public sector undertakings to resuscitate the economy which has the process was smooth. But it was the (PSUs) in particular. In the name of been devastated by first the coronavirus efflorescence of the poisonous seeds of industrializing the country, politicians and then a series of lockdowns. This socialism that were planted by Nehru and bureaucrats, advised by pinkish of would augur well for the economy and and his cronies in the policy framework economists, created red tape so long, the country. A few announcements as well as in public discourse. strong, and tortuous that the even almost pertaining to reforms and a bit of In the 1950s, Nehru adopted import three decades of liberalization have not consensus on economic policy—as substitution industrialization (ISI). been able to do away with it. evidenced by the developments in the India adopted the strategy of ISI in This brings us to the question: what above-mentioned four states—hint at the the fifties. The idea was to achieve self- to do? The answer is simple: expedite light at the end of the tunnel. h Power Corridors 18 may 2020
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Cover Story- II C ronavirus India responds vigorously, effectively against Covid-19 While richer countries with huge resources have lost tens of thousands of lives, India has fared well against the pandemic because of dynamic leadership Alok Bansal The author is Director, India Foundation, and an Adjunct Professor at New Delhi Institute of Management @alok795 T he current global crisis due to the Covid-19 pandemic is unparalleled and has affected every country and has locked down over half of world’s population. The pandemic has shown that an invisible virus can bring even the most powerful states on their knees. Almost entire Europe is under lockdown and two largest economies, the Dynamic US and China, are badly hurt. In such trying leadership times, India, a developing country with the second largest population, under the dynamic Power Corridors 20 may 2020
Lockdown in Bhopal leadership of Prime Minister Narendra either vacillating or trivializing the threat. Modi, has successfully thwarted its According to Brian Tracy, “The true test impact to gain reaction time and From January 17, of leadership is how well you function flatten the curve. Unfortunately, India’s in a crisis”. achievement has often been belittled by Indian airports were On January 8, just a day after China doubting the statistics or giving bizarre screening passengers declared the outbreak, the Indian rationale for low mortality, without government called the meeting of health realizing that the deaths and disease from China and Hong crisis management group. From January cannot be hidden in democracies. Kong, much before 17, Indian airports were screening Inherent prejudices make it difficult the World Health passengers from China and Hong for the West to acknowledge success of Kong, much before the World Health a developing nation. India had its first Organization declared Organization declared Covid-19 as Public positive case on 30 January; Italy and Covid-19 as Public Health Emergency of International Spain had it a day later. At the time Concern (January 30). Surveillance was of writing of these lines, in Italy cases Health Emergency of extended to passengers from all affected are touching 200,000, with over 26,000 International Concern countries and visas were suspended. All deaths. The cases in Spain have crossed passengers at ports, airports and land 225,000 with over 23,000 deaths, whereas borders were being screened; by April 6, India with almost 30 times the population when the lockdown was firmly in place, and one thirteenth per capita income touching 1,000,000 with over 55,000 over 1.5 million passengers at the airports, has around 28,000 cases and fewer than deaths. India’s success is no miracle, 44,000 at ports, and over 2 million at land 900 deaths. Comparatively, in US with but the result of decisive leadership, borders had been screened. one fourth the population and 30 times which realized the gravity of situation From just one laboratory capable of per capita income, those infected are and acted, while leaders in the West were testing the virus in January, there are may 2020 21 Power Corridors
Cover Story- II C ronavirus over 200 laboratories both in public and of the population gets left out, in absolute Against a global average of 387 cases private sector, doing so today. Not only terms it appears large. Consequently, and 26.7 deaths per million people on that, there are over 200,000 isolation minor discomforts were often blown up, April 27, India has only 21 cases and beds for Covid patients in government without highlighting the achievements. 0.6 deaths. Comparatively, the US has hospitals, hundreds of hospitals have been India, by taking timely action, has 2,992 cases and 169 deaths, the figures geared up to deal with Covid cases. A successfully avoided a major catastrophe. for Spain are 4,907 cases and 503 deaths, large number of quarantine and isolation for Italy 3,269 cases and 441 deaths, and facilities has been set up and thousands of for France 2,483 cases and 350 deaths per ventilators have been procured. million. Even in China and South Korea, More significantly, India sent medical India, by taking which are being lauded for controlling supplies to China and offered help the pandemic, the numbers are 58 cases to all the Saarc countries. Even more timely action, has and 3 deaths and 209 cases and 5 deaths significantly, while many rich countries successfully avoided respectively. Pre-emptive actions by left their citizens languishing in affected a major catastrophe. India have considerably slowed down countries, India evacuated its citizens the spread. from affected places like Wuhan, Italy, Against a global However, it is time to look beyond; Iran and even Diamond Princess Cruise average of 387 cases there is a huge pressure to open up the Liner. Quarantine and isolation centres economy and lift up the lock down. That were set up for such returnees on war and 26.7 deaths per could be catastrophic and undo the gains footing by Indian armed forces. Even million people on of past six weeks. Firstly, the number citizens from neighboring countries were April 27, India has of active cases is still rising; secondly, evacuated when requested. because it has still not been established Unlike other countries, PM Modi only 21 cases and 0.6 that anyone infected by Covid acquires rightly assessed the gravity and addressed deaths immunity against it after being cured of citizens on March 19 apprising them infection. The Spanish Flu of 1918, which about the crisis and urging them to exercise self-restraint and stay indoors on Sunday, March 22. His appeal had tremendous impact, resulting in a voluntary people’s curfew. As the virus kept spreading, he took a bold decision and despite its obvious adverse impact on the economy, declared three weeks complete lock down on March 24, which has since been extended till May 3. To ameliorate the sufferings of daily wage earners, the government established mechanism for providing free food and shelter to them, but humans when faced with crisis, tend to seek the comfort of familiar surroundings. Most of them wanted to go back to their villages and thousands of buses and vehicles were mobilized to take around 500,000 migrant workers from cities to their homes after providing them with masks, sanitizers and rations. During the lockdown, stores providing essential goods have kept functioning and arrangements have been made to supply them at people’s doorsteps. Considering India’s population, it is a mammoth task and even if 0.001 per cent Lockdown in Vadodara Power Corridors 22 may 2020
infected one third of humanity, killed far must continue hitherto and implemented be conducted in phased manner, while more people in the second wave than with greater vigor. ensuring physical distancing. Normal in the initial spread of pandemic. More All over the country, the educational air travel and railway services should significantly, with number of trials going institutions must be kept shut for next remain suspended, the government on worldwide for a vaccine, one could two months. Kindergarten and primary could consider operating labor trains be in market by September and a line of schools may be opened in districts with just 40-50 passengers per coach, treatment could have been established without any cases. Board exams may for moving migrant laborers from one by then. point to another for crop harvesting. It is, therefore, essential to restart Trucks have already been allowed to normal life in phased manner. Firstly, operate with just drivers and a cleaner, more than 300 districts where no case This time could but must be checked at borders for has been found, all activities must be also be utilized to Covid symptoms. Disembarkation permitted, except which involve large points on roads may be set up outside congregations. Visits to theatres, sporting bring about much- the city limits for disembarkation of arenas, and religious places must be needed structural cargo and sanitization of trucks. Pre- banned. Inter-district movement of sanitized vehicles must shift the goods personnel should be curtailed, while changes in our urban from the disembarkation points to their inter-state movement should be avoided conglomerates, destinations within the city. as far as possible. In districts, where no which urgently need E-commerce needs to be encouraged, new cases have been found in last one so that people can get their requirements week and the total number of cases are decongesting. Today at home. Industries outside the cities small, some activities may be allowed, most of India’s cities in dedicated industrial clusters may while keeping the markets closed and be permitted to operate with reduced public transport restricted. In districts are tinder boxes manpower to ensure social distancing with large number of cases, the lock down norms. The service sector, especially the IT firms, must be encouraged to work from home, with only bare minimum personnel at their premises. Most importantly, the use of masks must be made mandatory for all outside their homes, even when they are in work places or in vehicles. All public and commercial establishments must be directed to provide sanitizers at the point of entry. This time could also be utilized to bring about much-needed structural changes in our urban conglomerates, which urgently need decongesting. Today most of India’s cities are tinder boxes. There are areas, where neither ambulances, nor fire brigade can reach. Encroachment and unplanned development results in traffic crawling through, contributing to fuel wastage as well as enhanced pollution. During the lockdown, plans need to be prepared to shift crowded markets and industries out of municipal limits. The archaic rent control acts, which have prevented repairs or modernization, need to go, so that planned cities can be created. It is essential that India should not only tide over the problem, but also emerge stronger after this pandemic. h may 2020 23 Power Corridors
Cover Story- III C ronavirus Corona: India’s global image improves India has not only done well to fight the corona pandemic but also helped others to do the same Ved Pratap Vaidik The author, a former editor of Navbharat Times and PTI, has been a mediator between prime ministers, the RSS, the VHP, and Muslim leaders Power Corridors 24 may 2020
S everal people have image of a redeemer of the world. asked me: what Fourth, the promptness will be the impact shown by the government of corona crisis of India in bringing back on India’s foreign thousands of Indian policy? It is a hard immigrants from reality that the war abroad is also being against coronavirus appreciated. is so serious that Fifth, the world during the last one month we all were wonders why the bogged down with internal problems. devastation of corona is Nevertheless, it is clear that India's world so low in this developing image has improved during this crisis. nation of 140 crore people. This First, during this crisis the whole of despite the meagre medical facilities, as Overseas Indians India is fighting together. The attitude of compared to those in Western nations. settled abroad are also the ruling party and the Opposition in This is being discussed all over the world. less prone to the coronavirus. The India is not the same as in countries like Sixth, the spices used in Indian food victory song of Ayurveda is ringing all America, Britain, Pakistan, and Brazil. are working as domestic medicines. over the world. Prime Minister Narendra Modi is fully Seventh, India took the initiative supported by the Chief Ministers of all to caution the Saarc nations against parties. corona and donated large amount to Second, the devotion with which The promptness shown the Saarc Fund. The Prime Minister is in the people of India are observing the constant touch with the leaders of Saarc lockdown has become an example for by the government of nations. It is having a positive impact on other countries. The World Health India in bringing back neighboring countries. Organization has praised India in unambiguous terms. thousands of Indian Eighth, the corona is being given a color of Hindu-Muslim conflict due to Third, India has prepared corona test immigrants from the gathering of Tablighi Jamaat. But the kits and crores of masks in no time. Crores abroad is also being government has not encouraged it at all. of quinine tablets are sent from India to The Tablighi leader, Maulana Saad, has 55 countries, including America. In the appreciated not been arrested yet. Bitterness between true sense, it is first time that India got the religious communities is being promoted by some people. Those criticizing India should also recognize the fact that some poor and illiterate Muslims of India have been so much misled that they are attacking the doctors and nurses who come to treat them. Ninth, no country in the world is accusing India for the coronavirus in the same way as China and America are. India is above corona politics. Tenth, the Indian government has imposed several restrictions on the investments from countries such as China so that they do not capture Indian companies. Eleventh, India will definitely benefit from the blow to China in world trade. Overall, during the corona crisis, India’s image has improved in the world. h may 2020 25 Power Corridors
6th Anniv Power keeps Coming
versary to Power Corridors
Cover Story- Iv C ronavirus Coronavirus badly impacts realty sector Careful planning, an optimistic approach and, more importantly, individual efforts to contain the virus should be our priority in the present time Pooja Agrawal Real Estate & Construction Expert T he outbreak of the Covid-19 pandemic and the ensuing lockdown have adversely affected the already deteriorating conditions of real estate. It was still suffering from the baneful effects of demonetization, restrictions on cash transactions, and stricter housing laws. Now this industry is also facing a liquidity crunch due to payment defaults by big investors and the general economic slowdown; this has led to a pile-up of unsold apartments. The nationwide lockdown to curb the spread of novel coronavirus has further hurt real estate. It may be mentioned here that realty is a top contributor to India's gross domestic product or GDP. From the economy to education, market trends to the sports world, governmental policies to household living patterns—everything has been derailed from the normal routine. The impact of Covid-19 on the global markets and commercial activity is responsible for exposing the construction sector to a number of challenges, which may worsen if the spread of the disease is not curbed. Perhaps the biggest concern is regarding the stalled projects. Lockdown enforcement is hurting the prospects of timely fulfillment of various projects. For the government-commissioned projects, a Power Corridors 28 may 2020
missed deadline may not be severely dealt so as to prevent any spread while working materials, processed equipment (that are with but for private sponsors, it’s going on a project. This involves scenarios where imported from foreign countries) are the to take a huge loss. Stalled or canceled construction firms need to spend extra only respite till the lockdown is lifted. projects will automatically result in losses bucks to provide masks, gloves, PPE gears, Even materials obtained locally are not for the companies. sanitizers, etc., for the workers. Thermal accessible due to government curbs on Getting projects from paperwork onto scanners, medical facilities, disinfection interstate and inter-district movement. the ground sites is another challenge in tunnels need to be kept available 24X7. Another challenge faced by the real many spheres. This depends mainly on The availability of material and the estate sector is the overburdened contractor two factors—availability of labor and associated supply chain bottlenecks cannot who is responsible for maintaining the material. be overlooked in these turbulent times. proper functioning of not only his key In this situation, the labor issue is Depending on the region, the availability staff but also those at the subcontractor a major area of concern, especially for of material is yet another major task. The level. The subcontractors who are critical realty which is labor-intensive. What do present stocks of specialized construction for the delivery of any project are currently companies do when contract workers go under immense stress. Many are on the back to their hometowns? Some of the verge of bankruptcy that may occur either companies have started providing shelter immediately in case of a site shut down or and food for the laborers stuck at the sites. Perhaps the biggest after a period of time. In case a site shuts Yet, the labor force currently can’t concern is regarding down, the construction sector workforce be commissioned, as their presence at is left vulnerable to the vagaries of the a site clearly defies the social distancing the stalled projects. market as most of the work must take protocol that needs to be followed. Lockdown enforcement place on-site and cannot be done remotely. However, in projects that follow the Investment and funding in the distancing protocol, construction firms is hurting the prospects construction sector is yet another need to keep a thorough check on their of timely fulfillment of problem being encountered. With the employees—both permanent as well as various projects. Stalled world slipping into a phase of recession commissioned. and clients delaying investment decisions, This is critically important for the or canceled projects a number of MNCs are lying low and unorganized workforce employed in will automatically adopting safer practices. The same is the form of daily wagers. Construction firms need to keep their accommodation, result in losses for the the case with bank investments. The construction sector is also facing the sanitation and, more importantly, their companies challenge of bringing about necessary travel history (state/regional) documented changes that need to be carried out for both the capital and corporate cost budgets. The companies presently need to review their expenses so as to create a balance in this turmoil. Assessing the impact of coronavirus, the resultant economic effects have been the major cause of concern worldwide. With the setting in of the global recession, it won’t be wrong to say that the biological virus is slowly creating a sort of economic virus and causing substantive damage. The overall picture of the current affairs clearly shows that in this time of uncertainty, our plans and strategies can only be short term. Time will tell if the global picture gets better or worsens further. Till then, careful planning, an optimistic approach and, more importantly, individual efforts to contain the virus should be our priority in the present time. h may 2020 29 Power Corridors
Lord Rama provides succor Prashant Bhardwaj @Prashan45602722 during corona T he coronavirus pandemic has brought the whole world to a standstill. Some crisis of the most developed nations of the world are facing its dangerous effects. India, though, was quick to close its international borders and enforce an immediate lockdown, which the World The telecast of Ramayana and Health Organization praised as “tough and timely.” The lockdown has also given Mahabharata on Doordarshan has the government time to prepare for a possible surge in cases when the pandemic revived interest in the epics is forecasted to peak in the coming weeks. The lockdown help helped keep the situation under control. During the lockdown, one of the biggest Power Corridors 30 may 2020
Life & Culture mythological dramas, Ramayana, is the BARC data released on April 23. Time freshened the memories of that era for being re-telecast on television and the spent on such shows has consistently been those who watched the serial then but serial is receiving huge response from increasing. In week 15, time spent on also introduced the current generation to the audience. Written, produced, and mythological shows increased by 43 per the religious texts. That is evident in the directed by Ramanand Sagar, it was cent as compared to the previous week. manner in which the show has broken first aired on Doordarshan in 1987; it Amid mythological shows, Ramayana records to become the most-watched acquired a cult status over the years. and Mahabharata are major contributors. show on television at the moment. During this period of isolation, the So, viewership is high and that is enough Ramayana is set to complete a month characters which once played the roles for advertisers to get interested in content during its ‘Season 2’ after being renewed in this TV serial and were worshipped belonging to this genre. for telecast from March 28. The show as demigods are once again back into Apart from this, the cult show’s rerun airs on Doordarshan National at 9 a.m. limelight. The show’s Ram and Sita, has made viewers get creative on various and 9 p.m. every day. The duo of Govil Arun Govil and Dipika Chikhalia, have and Chikhilia has also been sharing been receiving love from netizens as they anecdotes, throwback pictures and more enjoy the show. The show also featured from those days. Lalita Pawar as Manthra, Dara Singh as The repeat telecast of While netizens had the usual reactions Hanuman, and Arvind Trivedi as Ravana. like terming the picture ‘beautiful’ and The show returned to TV last month and Ramayana on TV is calling the duo the ‘best on-screen it airs on DD National twice a day. not only keeping the couple’, they also had some interesting In the TRP list, this serial consistently audience entertained, observations. The main one was of the remains number one, leaving all TV characters playing Lakshman, Bharat, shows behind. During a recent survey but these shows and Shatrughan standing behind them done by a leading website, re-telecast of are also attracting and watching the trio with intense focus. Ramayana was among one of the most Recently, Govil openly expressed his searched things on the internet. As a attention from the opinion on this question asked by the large number of people found themselves advertisers journalist of a magazine. isolated in their homes, Ramayana is In a question, he was asked that being watched a lot. Ramayana is being widely telecast the The repeat telecast of Ramayana on social media platforms. It has become part second time around. Time has changed, TV is not only keeping the audience of hundreds of memes over social media. the audience have changed. Do you entertained, but these shows are also During this time, the artists who played feel the difference between the current attracting attention from the advertisers. various characters are also sharing their audience response and the response For advertisers, it is all about viewership personal journey. Arun Govil gets active thirty three years ago? Responding to and since their re-launch on TV, both on the social media after every episode. this, Govil wrote, “Time and audience Ramayana and Mahabharata have kept His tweets attract a lot of attention. For may have changed, but sentiments have viewers glued to TV sets. Even in the week instance, he tweeted, “Neither a state not changed. More people starting April 11, mythological shows government or central government has are saying me God were the main source of entertainment given me any respect till date. I am from than they were among Hindi general entertainment Uttar Pradesh, but even that government saying thirty channels (GECs). has not given me any respect till date. I three years Shows in this category recorded 109 have been in Mumbai for fifty years, but ago. Today, billion viewing minutes and as many even the Government of Maharashtra has the viewership as 353 million viewers watched shows not given any respect”. has increased belonging to this category, according to The rerun of Ramayan has not just a lot”. h may 2020 31 Power Corridors
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An Underrated Classic The Theory of Moral Sentiments In 1776, Adam Smith (1723-90) is famous for his magnum opus, The Wealth of Nations, which provides a theoretical basis of capitalism. We are Adam Smith H taught in schools and colleges that capitalism is all about profit-making ow selfish soever man may be supposed, there are evidently and exploitation of the working class, some principles in his nature, which interest him in the that it is amoral, if not downright fortune of others, and render immoral. Nothing could be farther their happiness necessary to him, though he derives nothing from the truth. For The Wealth of from it except the pleasure of seeing it. Of this kind is pity or compassion, the emotion Nations was suffused with a moral which we feel for the misery of others, when we either see it, or are made to conceive it philosophy that he had expounded in in a very lively manner. That we often derive another classic in 1759, The Theory sorrow from the sorrow of others, is a matter of fact too obvious to require any instances to of Moral Sentiments. It showed that prove it; for this sentiment, like all the other original passions of human nature, is by no he was not just an economist but means confined to the virtuous and humane, a philosopher, and the economic though they perhaps may feel it with the most exquisite sensibility. The greatest ruffian, the theory of capitalism he propounded most hardened violator of the laws of society, is not altogether without it. was deeply philosophical. In this As we have no immediate experience of what other men feel, we can form no idea of book, he discussed the principles of the manner in which they are affected, but “human nature,” which he regarded by conceiving what we ourselves should feel in the like situation. Though our brother is as a universal. Following are excerpts upon the rack, as long as we ourselves are at our ease, our senses will never inform us of from Smith’s earlier book: what he suffers. They never did, and never can, carry us beyond our own person, and it is may 2020 33 Power Corridors
An Underrated Classic by the imagination only that we can form ‘Of all the calamities to which the any conception of what are his sensations. condition of mortality exposes Neither can that faculty help us to this mankind, the loss of reason appears, any other way, than by representing to to those who have the least spark of humanity, by far the most dreadful’ us what would be our own, if we were in his case. It is the impressions of our own senses only, not those of his, which our imaginations copy. By the imagination we place ourselves in his situation, we conceive ourselves enduring all the same torments, we enter as it were into his body, and become in some measure the same person with him, and thence form some idea of his sensations, and even feel something which, though weaker in degree, is not altogether unlike them. His agonies, when they are thus brought home to ourselves, when we have thus adopted and made them our own, begin at last to affect us, and we then tremble and shudder at the thought of what he feels. For as to be in pain or distress of any kind excites the most excessive sorrow, so to conceive or to imagine that we are in it, excites some degree of the same emotion, in proportion to the vivacity or dullness of the conception. That this is the source of our fellow- feeling for the misery of others, that it is by changing places in fancy with the sufferer, that we come either to conceive or to be affected by what he feels, may be demonstrated by many obvious observations, if it should not be thought sufficiently evident of itself. When we see a stroke aimed and just ready to fall upon the leg or arm of another person, we naturally shrink and draw back our own leg or our own arm; and when it does fall, we feel it in some measure, and are hurt by it as well as the sufferer. The mob, when they are gazing at a dancer on the slack rope, naturally writhe and twist and balance their own bodies, as they see him do, and as they feel that they themselves must do if in his situation. Persons of delicate fibres and a weak constitution of body complain, that in looking on the sores and ulcers which are exposed by beggars in the streets, they are apt to feel an itching or uneasy sensation in the corresponding part of their own bodies. The horror which Power Corridors 34 may 2020
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