Prof. Rajvir Sharma12

In Defence Of Karnataka Governor

Elections to the Karnataka Legislative Assembly are over and it has come out with a fractured verdict where in no political party was able to get absolute majority. The BJP emerged as the largest single party with 104 seats followed by the Congress with 78 seats, 44 seats less than its 2013 tally and the party at the third place was JDS with 37 seats, three seats less than what it got in 2013.

But what is the electors’ message coming out of this election? The first and the foremost message is that Karnataka disapproves the politics of manipulation, machination, and division and of negative rhetoric. The second message is that the electorate wanted a change of government. This is evident from the fact that the incumbent chief Minister himself lost in one constituency and managed somehow to win in the other with a margin of just 1600 and odd votes and the seats of the Congress were tremendously reduced.

This may be rightfully interpreted as the rejection of the Congress by the voter. The third message is that BJP was favoured by them as an alternative government in broad terms as that party fell short of majority by a marginal number.

Shobhit  Agarwal

Bank Frauds’ Impact On Realty

From bad loans to loan defaulters to financial frauds and embezzlement, the Indian banking system seems to be in a crisis mode. And, needless to say, it will have a cascading effect on most sectors - including real estate.

To build a project, developers largely rely on banks for their capital needs. Alternately, they seek customer advances to proceed with construction. If they are not adequately funded, their projects either go belly-up or are delayed extensively, causing disruption in the entire property-cycle. Much to the dismay of developers, the recent events in the banking industry have caused commercial banks as well as Non-Banking Financial Companies (NBFCs) to become more cautious about disbursing heavy loans to real estate developers.

Numbers suggest that bank lending to the real estate sector came down from 68% in 2013 to a mere 17% in 2016 due to mounting NPAs. Despite the continuous efforts by the Central Government to strengthen public sector banks by infusing bonds and launching regulatory reforms (recapitalization), the piling up of bad loans and NPAs is hurting public sectors banks. In June 2017, the share of bad loans was around 10% of the total loans disbursed by the banking system.

Sidharth Mishra 2

Modi The Mughal And Sisodia The Rajput Warrior: AAP Has A New Tale To Tell

With the coming of the Monsoon in 2011, dawned in Delhi along with the rains the ‘India Against Corruption’ movement led by Anna Hazare. The anti-corruption crusader from Ralegaon Siddhi in Maharashtra sat on a fast at the Ramlila Ground and held the centrestage in the national politics for the next fortnight. During the protest, the activists’ creativity was at its best and one clearly recalls a poster which had pictures of Anna, ArvindKejriwal and KiranBedi anointed as Gandhi, Bhagat Singh and Jhansi’s queen Lakshmi Bai; all in the same frame.

Ideologically the three historical figures do not make to one frame. But such mass movements are like that when people with different ideological leanings come together for a common cause. Some months later on a television debate, when the movement converted into a political outfit – the AamAdmi Party (AAP), its then main ideologue YogendraYadav was asked about the ideological moorings of the organization.

He had said that they believed in extracting the best from every ideology. It did not happen that way and soon Yadav along with several similar thinking leaders of the party were shown the door. The party, nevertheless, from day one showed the unfailing tendencies of adapting to the time-testing tactics of Indian politics, thus an Ashutosh became Ashutosh Gupta while contesting from the ChandniChowkLokSabhaseat in 2014 and now Deputy Chief Minister Manish Sisodia sees himself in the shoes of MaharanaPratap taking on the mighty Mughals.

Sidharth Mishra

Let Aligarh Live In Peace

If there at all was any doubt about the timing of the raking up controversy around Pakistan founder Mohammed Ali Jinnah’s portrait at the students’ union office of Aligarh Muslim University (AMU), it has been set to rest by Uttar Pradesh Chief Minister Yogi Adityanath. The saffron clad leader, who is BharatiyaJanata Party’s most sought after campaigner in Karnataka after Prime Minister NarendraModi said at a poll rally in the state that “the glorification of Jinnah was unfortunate. My government would act strictly against all those who were behind the trouble (on Wednesday).”

The world was taken aback when all of a sudden BJP’s Member of Parliament from Aligarh,SatishGautam, demanded the removal of Jinnah’s portrait which has been hanging in Aligarh campus, albeit innocuously, for the past 80 years.Gautam timed his demand in a manner that it raised the “requisite sentiments” ahead of the Karnataka polls. The Hindi axiom of “KahinPeNigahein, KahiPeNishana (Eyeing one thing while targeting something else)” perfectly explains Gautam’s game plan.


Kushi Nagar And Beyond: Yogi Is Being Let Down By Bureaucracy

To govern a state of such size and population of France and UK put together is not easy at the best of times. Successive regimes have resorted to gimmicks and appeasement politics to keep the masses amused and confused. The people in the state are used to it, bringing change here is not easy. UP treats changes in Government as cropping patterns, when a new regime makes way for the old, a new set of Mafias emerge who in fact are the old ones with recycled Gamchas and car flags. The present fashiontrend  is saffron, it is not uncommon to find UPites changing car flags with change in regime, nothing is permanent here not even political affiliations.

Ask a common man and he will tell you that though corruption has reduced at top (ministerial) level however the hardened Babu at Block and District level has only regenerated and reinvented himself, the loser is the Mantriji who in the first place changed parties from Blue or Green to Saffron to get a piece of the Cheese, but Yogi just moved his cheese. The Mantri can no longer recruit and give contacts to his army of camp followers and sycophants galore.