Reservation in India needs a facelift

What Jats and Patidars did last year is being repeated by Marathas in Maharashtra. Reservation

became a topic of discussion after the Mandal Commission suggested its recommendations to the

then Government led by V K Singh. It received lot of flak from the student community in India with

self-immolations around colleges over the country.

Till recent years the Jats held political powers in UP, Patidars and in Gujrat and Marathas in

Maharashtra. The Supreme Court rightly put down the demands of Jats and forayed into the very

idea of reservation in India. It is true there are poor Maratha families who miss out on opportunities

due to reservations. But then there are Dalit families in UP being forced to dispose animal carcass.

Reservations were envisaged as a scheme that will help to foster social inclusion, social equality and

social justice. What B R Ambedkar attempted was to cement the social structure of our fragmented

society. After 69 years of Independence there is a need for amendment of the reservation system so

that no one is deprived. Inclusion of a single community into a reserved category would be

committing a mistake.

It has long been suggested that economic condition be the requisite for granting reservation to an

individual. Reservation gives the idea of a community inclusion, instead it should give the individual

more priority. Indian polity has been such that upper caste has had power till now and now they rant

as it slips through. Reservation was not their concern until they felt their dominance diminishing. An

amendment to the Atrocities Act has been called for by the Maratha community in Maharashtra.

What is to be understood here is there are people in each community in a vast state like India, who

will have some few members who will always exploit the provisions given to them. An amendment

to include all is essential instead of including one.

Five things you shouldn’t miss about ISRO’s latest PSLV launch

Indian Space Research Organisation (ISRO) is to cross another milestone on September 26 when it

will launch a Polar Satellite Launch Vehicle on it 37 th mission. The rocket will be carrying three Indian

and five foreign satellites, the biggest of which will be the ScatSat-1. The mission has been given

designation C-35 and will be launched from the first launch pad station from Satish Dhawan Space

Centre, Sriharikota. What makes this launch unique is that it will be longest duration launch mission

ever conducted by ISRO.

1. The launch will be PSLV’s 33 rd consecutive success, if successful.

The PSLV has flown total of 36 missions till now with this being its 37 th mission. Of which 34

have been successful- 32 have come consecutively. The last failure was in 1997 when the

rocket was on its first operational flight. Though it seems like an impressive record the

topper is Delta 2 which has aced 151 of its 153 missions. This C-35 mission will also be the

15 th time the PSLV will be launched in its XL configuration- using larger solid-fuel boosters.

2. PSLV will be launching satellites in different orbits in a single launch.

ISRO is planning to use the ‘multiple burn technology’ which will enable the fourth stage

engine of the rocket to shut down and restart in a short period of time allowing the rocket to

glide into the next orbit with the payload. This feat was attempted with the C-29 mission

earlier and ISRO had said then that this would come of use during multi-orbit launches.

During the C-35 mission, the PSLV will first deploy the ScatSat-1 at an altitude of 720 km

(inclination 98º) some 17 minutes after launch. The remaining satellites will be deployed at

670 km (98.2º) almost two hours later. The tricky part here for ISRO is restarting the fourth

stage engine without damaging the rocket and payload.

3. ScatSat-1 will restore India’s ability to predict cyclones.

PSLV C-35 will be carrying ScatSat-1, weighing in at 371 kg, as the main payload along with

other satellites. This satellite is a weather-prediction satellite which will be succeeding the

now defunct Oceansat-2. The ‘scat’ in the name come from the Ku-band scatterometer it

carries which will study atmospheric diffusion. The scatterometrer on Oceansat-2 went

offline in February 2014 and since then we have been dependent on NASA’s RapidScat

instrument onboard International Space Station to measure wind direction and speed over

the ocean.

4. Getting closer to ISRO’s target of launching more than 12 PSLV’s each year.

This is the fifth PSLV launch this year and another remains after the C-35 to hoist the

German satellites fulfilling its contractual obligations. The organisation target 12- 18

launches in future and this launch brings it closer to this target.

5. ISRO can cash in on the booming satellites industry.

The payload on board PSLV C-35 comprises seven foreign satellites comprising the Algerian

ALSAT 1B, 1N and 2B satellites, the Canadian CanX-7, and the American Pathfinder-1. Antrax,

the commercial arm of ISRO, made a profit of Rs 896 crore since 2011 owing to 74 foreign

satellite launches over 17 ISRO missions. Commercial launches are important for ISRO to

compete with other space organisations. PSLV XL provides ISRO with an edge of low cost

satellite launch over others and this can be instrumental in ISRO’s future. The Satellite

Industry Association estimated that revenues in the satellite manufacturing and services

sectors grew by 4% from 2014 to 2015, reaching $16.6 billion and $127.4 billion respectively.

A brighter Anfield is coming

Even before the match ended the Kop was singing Jürgen Klopp name through the stadium, and Liverpool did not disappoint Anfield this time. It was the 82nd minute when Anfield felt safe to salute their manager, with their team drifting 5-1 against 10-man Hull and all had gone splendidly.

“I don’t want to criticise but …” said the Liverpool manager with an apologetic grin. “I think we could have done better in the second half. It was good, but not as good as it could have been. I am really happy and usually I am quite a thankful person. I am really thankful for the first half. We have a lot of things to improve and one is that if you are brilliant you need to be brilliant for 95 minutes. But that is my responsibility and my problem.”

Good fortunes to Liverpool’s rivals when they do achieve Klopp’s demanding standards. His team have now scored four times or more in four of their eight matches this season and this wild, sharp execution guaranteed a 54th birthday to overlook for Hull’s caretaker manager, Mike Phelan.

As yet “sitting tight for answers” from the club’s present proprietors over the offer of a perpetual managerial appointment, he had Ahmed Elmohamady dismissed thirty minutes into the game and quite a while to wait for that birthday drink.

“I will have one,” he said. “You have to have one in defeat as well as when you win. I’m not going to pick holes in the team or the players. You don’t want to find yourself down to 10 men against any opposition, never mind Arsenal and now Liverpool. There are harsh lessons in football and we have learned some over the last week.”

Two penalties by James Milner and impressive goals by Sadio Mané, Adam Lallana and Philippe Coutinho took Liverpool’s goal count to 24 in eight games. At the same stage last season, they had scored only six goals under Brenden Rogers. Klopp called for more aggression from the players and patience from the fans but the latter never got tested as Liverpool quickly took control of the game with an early lead.

Hull set up to smother Liverpool running from midfield in addition to the fluctuating dangers of Coutinho and Mané either side of Roberto Firmino. They were frail all things considered, even with 11 men.

Coutinho was the lynchpin, exchanging passes with Milner on the left and ghosting away from Ryan Mason before bolstering Lallana’s run. The England international had work to do yet, before Andrew Robertson could mediate, he guided the ball behind the defenderr and inside David Marshall’s left post.

Another enterprising move ensured that Hull had no way back into the game with a third of the game gone. Coutinho met Mané’s pass with a powerful shot across Marshall when Elmohamady struck out his right hand to deny the goal. The referee did not hesitate to pull out a red card, offering a penalty to Liverpool which was scored by Milner with a drive beyond Marshall’s reach on the left.  “It is a sending-off and a penalty,” Phelan accepted. “Probably now there is a mentality that is better to let the ball go in and stay on the field.”

The guests got a reassurance when Loris Karius, chose in front of Simon Mignolet in Liverpool’s goal, remained in line when Robertson twisted a corner in from the left. Wijnaldum, under pressue from substitute Harry Maguire behind him, miscued his header only for Hull substitute David Meyler to convert with a short volley.

Hull City’s hopes for a comeback were cut short when Liverpool re-established their three-goal advantage in glorious style inside seconds. By and by Lallana was included, cutting over the Hull safeguard and discovering Coutinho hiding in the zone where he is the most dangerous. The Brazilian acknowledged the welcome to beat Marshall with a trademark shot from 25 yards and the home team kept on drifting towards a fourth successive triumph.

Lallana got an overwhelming applause when subbed for Daniel Sturridge who was immediately involved in the parade, going over Robertson’s trailing leg inside the area and procuring Liverpool a second penalty. The outcome was the same as the first, Milner firing low to one side, and, as with the amusement itself, the game was never in doubt.

Sources: The Guardian

DLF’s white elephant

During the 2008 boom of real estate in India, realty major DLF caught on with its pace and made rapid expansion to build a firm brand, but this huge size has now become a bane now. Though sale of non-core assets by the company has helped control the falling stocks, it has done little to ease the pressure on its balance sheet.

DLF reported 82.12% increase in its net profit for the June 2016 quarter at Rs 283.04 crores compared to last year’s Rs 155.4 crore. This relief was received after DLF sold DT cinemas to PVR for Rs 433 crore. Consolidated net debt of DLF ascended to Rs 22,120 crores from Rs 8,526 crores in FY2014. This is further pared down due to slow sales recovery in the market. Even after reports of slight improvement in the real estate market, DLF’s June quarter net sales fell by 21% the prior year. The sales pickup is not enough to ease cash flow stress in the near term. Quarterly sales booked have been consistently low at 0.2-0.9 million sq. ft. with a downward bias. In fact, the June quarter had no sales from existing completed projects. On the other hand, Rs270 crore worth of legacy bookings were cancelled.

A look at significant sales parameters in the course of the last eight quarters demonstrates how bad the circumstance is. Add to this the colossal closing balance of existing ventures. Despite the fact that this has been lessening, DLF’s June quarter closing balance was 21.9 million sq. ft. The accounting report for FY16 pegs the existing inventory at Rs 17,000 crore, which is a grave worry as it is almost double the yearly sales.

For DLF the main concern is the National Capital Region, where it has major exposure, is burdened with huge inventory. The company is sitting on huge land bank which is of no use to it in the current scenario.

According to Santosh Yellapu, senior research analyst (infrastructure) at Angel Broking Pvt. Ltd, “DLF’s problem is that its residential project operations are faced with negative cash flows. The firm is, perhaps due to regulatory fears, now focusing on completing and delivering existing legacy projects than launching new ones.” While this is good, it eats into its cash flows.

Investors are waiting for DLF’s promoters to sell their 40% holdings in the company’s rental business DLF Cyber City Developers Limited. The stock prices shot up by 33% after this report and this sale is expected to procure Rs 13,000 crores, which they intend to infuse into the company to reduce its debt.

DLF has shortlisted six potential buyers for the sale, which involves 26.8 million sq ft of rented office assets with a rental income of over Rs 2,200 crore. The shortlisted parties include GIC, Blackstone, Warburg Pincus. Though this sale will initiate cash flow cutting the debt drastically, only an increase in sale of DLF’s residential properties will push it towards a new growth phase.

Vodafone India calls for backup.

Vodafone Group Plc’s Rs47,700 crore ($7.2 billion) equity infusion in its Indian unit is gigantic. For point of view, with those assets it can buy all of Idea Cellular Ltd and Reliance Communications Ltd’s stocks (at current valuations), and still be left with about a billion dollars.

It’s an unmistakable message to Reliance Jio Infocomm Ltd—rivals have profound pockets, as well. For financial specialists, however, the takeaway is that a war in the Indian telecommunications market is progressively plausible.

In about a week, Indian telecom service providers will start bidding for the largest ever spectrum sale. Vodafone said in a statement, “The equity infusion will enable Vodafone India to continue its investments in spectrum and expansion of networks across various technology layers.”

In the past two auctions, i.e. 2014 and 2015, organizations wound up burning through Rs1.7 trillion in securing existing spectrum and acquiring new ones. From one perspective, quite a bit of this has been financed through debt, prompting high leverage in the market. Be that as it may, more terrible still, income and growth haven’t kept pace with these accelerated investments, and return margins of these organizations have endured.

The silver living in the 2016 sale is that not at all like the past ones, incumbents needn’t stress over renewal of spectrum. Also, on account of Bharti Airtel Ltd’s forceful spectrum buys from smaller organizations, for example, Aircel Ltd, it is perched on a fairly comfortable position, particularly to the extent its broadband spectrum possessions go.

Silly conduct, in their book, would incorporate offers for the ultra-costly 700 megahertz (MHz) spectrum, particularly in the metros and other huge markets; or offers that are 1.5 times or more higher than the store cost in any non-700MHz spectrum. With Vodafone flexing its budgetary muscle only in front of a sale, any reasonable person would agree that feelings of dread of nonsensical offering aren’t absolutely unwarranted.

Obviously, this is not to say that this most dire outcome will essentially play out. Vodafone may well be wise and purchase just the spectrum important to connect the holes to its portfolio. As per experts at JM Financial Institutional Securities Ltd, the normal broadband spectrum holding of Vodafone India on a for every circle premise is only 5MHz, far lower than Bharti and Jio’s holding of 22MHz each.

Vodafone is obviously underinvested to the extent spectrum resources go for adjusting developing information needs. Likewise, to contend with Jio, putting resources into 4G administrations is vital and the organization can be relied upon to fill the holes in its spectrum portfolio, at any rate, in the coming sell-offs. As indicated by investigators at Bernstein Research, Vodafone would need to spend about Rs17,500 crore on spectrum for pan-India 4G presence.

With the large equity infusion Vodafone has received, it is clear that its parent company wants to take whatever steps are necessary to retain its customers, especially those that generate high Arpu (average revenue per user). Of course, what this means consequently is that the fight to gain market share will get tougher for Jio, which can result in a further downward revision of prices.

With the expansive value mixture Vodafone has gotten, plainly its guardian organization needs to make whatever strides are important to hold its clients, particularly those that produce high Arpu (normal income per client). Obviously, what this implies subsequently is that the battle to pick up piece of the overall industry will get harder for Jio, which can bring about a further descending correction of costs.

So whether Vodafone and different organizations offer nonsensically in the imminent sale or not, return proportions of the area look set to fall regardless. The theory of consistent losses gives off an impression of being grinding away in the division.

Massive increase in foreigners arrested under the Foreigners Act

According to the ‘Crime in India’ report 2015 released by the National Crime Records Bureau (NCRB),

foreigners illegally entering or overstaying in India rose by 84% in the year 2015 than the previous

year. They were arrested for breach of the 70 year old Foreigners Act, a number ten times the

number of foreigners arrested under narcotics related crimes.

In 2015, as many as 1,367 foreigners were arrested under the Foreigners Act, 1946, which is meant

to prevent illegal entry and stay in India. Seconding this was arrest made for fake passports and

other crimes whose numbers rose up to 143, a 16% rise than 2014. Next largest number of arrests

was of 128 foreigners who were involved in narcotics related crimes.

In 2014 1,843 foreigners were arrested and 638, while in 2015 2,057 were arrested and 872

convicted, an increase of 11.6% and 37% respectively. Of these, 66% arrests and 72% convictions

were for crimes committed under The Foreigners Act, 1946.

The Foreigners Act, 1946 regulates the entry of foreigners in India, their stay and their departure.

This act came into force to control and monitor foreigners entering India and prevent illegal entry.

Under this act foreigners need to report to the police station of the area within 24 hours of their

arrival and also provide copies of passport and visa to the hotel owners. The penalties under this act

includes up to 5 years of jail and a fine.

Maharashtra ranks top with 179 arrests followed by Karnataka at 102 and Goa at 69. Recently two

Nigerians were arrested in Nagaland for trying to enter without valid documents and were booked

under the Foreigners Act.

Most of the charged are human trafficking victims from Bangladesh and other countries brought into

the country for prostitution, reported The Hindu in September 2016. While cases of human

trafficking have increased by 60% according to a report published by IndiaSpend.

At the end of 2015, the number of foreigner awaiting for trials for committing crimes under the

Foreigners Act was 2,631, a number larger than for any other crime

As many as 627 foreigners were convicted for crimes under the Foreigners Act in 2015, a 120%

increase over 2014. The conviction rate was 92%, and 684 trials were completed with 56 foreigners

acquitted.

Further, 126 convictions–the second largest number–were under the Registration of Foreigners Act.

Only 10% trials were completed for this crime, and 1,689 foreigners were on bail or in custody at the

end of 2015.

The next largest number of convictions was for fake passports: 63 people were convicted, a

conviction rate of 71%; only 89 trials were completed, leaving 2,407 pending at the end of 2015.

Modi being tested by Uri attacks

While the Pathankot attack on the army base was still fresh in everyone’s mind with allegations and

counter-allegations being made, the Uri attack came as a surprise. Only a day after this there was a

terrorist attack on a police post. Initial reports by Indian intelligence agencies suggest

that these terrorists were part of Pakistan based terrorist group Jaish-e- Mohammed.

The Uri attack was the worst in 26 years, which raises a question if the government ignored the

threat of Jaish. There are already allegations of human rights violation by the Indian army in Kashmir

and Pakistan government is using it as a shield against the allegations made by the Indian

government over the terrorist attacks. It is common knowledge now that dissenting youngsters from

Kashmir are trained and recruited by terrorist groups. These youngsters have developed a hatred

against the army and it explains these attacks on various defence posts of the Indian government.

With Modi being portrayed as a strongman during the 2014 elections, someone who would solve

these problems, it raises concern over what the current government will do to contain the situation.

If an army base was attacked in any other country the Defence Minister would have been made to

step down ideally. But this did not happen even after the Uri attack.

An attack of a similar intensity happened in 2002 at Kaluchak near Jammu in 2002. Three of the

terrorists killed then were claimed to be Pakistani officials. Uri attacks and any other subsequent

attacks will put pressure on New Delhi and attract International attention. The situation is such that

India is looked on as a booming market with investor’s paradise. If India does move against its

nuclear powered arch enemy it will harm itself more as Pakistan’s economy is versed with conflicts.