Jeevan Aadhar Seva Sanstha works for homeless adults in Mumbai so that they can live with dignity and peace, Shukti Sarma reports
It’s been almost 18 months since Sandip Parab, secretary of Jeevan Aadhar Seva Sanstha (JASS), applied for water supply connection for his centre for destitute patients at Khar in Mumbai, to no avail. “It is very difficult; this is a temporary centre for destitute and abandoned patients who are released from hospitals,” says Mr Parab, “we have to regularly dress their wounds, maintain hygiene and provide them with safe drinking water. So we pump water from the tank in the colony.”
But lack of water supply hasn’t stopped Mr Parab and his team from carrying on their work of providing care for homeless adults in the city. Mr Parab started JASS in 2007, after working for numerous other NGOs for seven years. He had earlier worked mainly with street children. “I realised that many shelters are available for children and old people, but there is none for adults,” he says. With the aim of caring for destitute adults, Mr Parab and his friends started JASS, and spent the initial seven months under the Santacruz flyover.
“There was no funding,” Mr Parab recalls, “even now, we are short of funds. We shifted from Santacruz to Khar two years ago. Here, we have a problem with water connection.” With years, Mr Parab’s team has built up credibility and now they get significant support from the local police and other charitable organisations that refer patients to them and help in rehabilitation efforts. The police also help them trace the families of destitute, and with JASS, have even arranged some workshops. JASS runs a day-care centre, a recuperating centre for destitute patients and a shelter for old people.
Till date, JASS has assisted 345 patients. “We provide long-term care; not just basic first aid,” Mr Parab says. The primary job for JASS’s day-care centre is to provide treatment to the ailing destitute. So, every day, its volunteers go out on the streets and locate those in need of treatment and get them admitted to hospitals. “Homeless people are not treated with dignity. Often, after getting discharged from hospitals, they have no place to go. Even patients whose families we can trace back are abandoned. So we bring them to our karwar centre at Khar, where they can stay until they recover,” Mr Parab says.
For destitute senior citizens, JASS has a shelter called Anand Ashram in Kudal in Sindhudurg district (Maharashtra), which provides stay for lifetime. It engages them in productive activities like gardening and handicrafts. The garden produce and the crafts products are taken to nearby market for sale. JASS also works for rehabilitation of the discharged patients and makes an effort to find placements for them which is not easy. The destitute not only suffer from diseases like HIV or AIDS and develop multiple harmful addictions; often, their behaviour is non-cooperative.
JASS also conducts training courses for social workers in various parts of Mumbai. Many of those who take this para-professional course become volunteers for the organisation later. “Apart from our former students and patients, we don’t get volunteers. No one wants to get their hands dirty for the homeless,” Mr Parab says.
With no government or corporate support, JASS faces many problems, but the task has its own rewards. “There was a woman who left her children and came to Mumbai to earn a living. Naïve and without friends, she faced a lot of problems. After an accident, she had to have both legs amputated. The police asked us for help. She couldn’t tell us anything about her address. We finally located her family, and the day we landed with her at the village train station, she broke down on seeing her children. She never thought that they will be united. What more could I ask for?” Mr Parab asks warm-heartedly.
JASS’s activities have spread beyond the city. Mr Parab has plans to start a well-equipped centre for homeless children with special needs. Apart from volunteering, one can donate financially to JASS. All donations are exempt under Section 80(G) of the Income Tax Act.
Next resistance for the Nifty at 5,250
The market settled on a positive note, making it the fourth weekly close in the green. Indications of the government shifting its focus towards growth induced institutional investors to pump in funds into local stocks, leading to gains. Besides, positive sentiments from the global arena also boosted investor confidence. The benchmarks logged gains of 3% in the holiday-shortened week, as the Indian market was closed on Thursday for the country’s Republic Day.
The market closed flat on Monday, as nervousness set in a day ahead of the Reserve Bank of India’s (RBI) quarterly policy review. The RBI’s move to boost liquidity through the 50 basis point (bp) cut in CRR helped the benchmarks close with gains of around 1.50% on Tuesday. Optimism after the central bank’s move and a positive trend in Asia helped the benchmarks settle higher on Wednesday. Resuming after a day’s break, the market closed in the green on Friday on institutional buying in blue-chips.
The Sensex gained 495 points to close the week at 17,234 and the Nifty stood at 5,205 on Friday, up 156 points. We may now see the Nifty moving up to the level of 5,250.
The BSE Capital Goods index (up 6%) and BSE TECk index (up 5%) were the top sectoral gainers while BSE Realty settled flat.
The Sensex toppers in the week were Maruti Suzuki, Bharti Airtel, Tata Motors (up 10% each), Larsen & Toubro (up 8%) and Mahindra & Mahindra (up 6%). Hero MotoCorp (down 7%), Bajaj Auto, DLF, Jindal Steel & Power and HDFC Bank (down 1% each) were the major losers on the index.
The Nifty was led by SAIL (up 15%), Sesa Goa (up 13%), Reliance Infrastructure, Maruti Suzuki (up 10% each) and Tata Motors (up 9%). The main laggards were Hero MotoCorp (down 7%), Ranbaxy Laboratories (down 5%), Bajaj Auto, HDFC Bank and DLF (down 1% each).
The RBI in its monetary policy review, cut the CRR—the amount of deposits banks keep with the central bank—by 50 bps to 5.50% from 6% earlier. The move will lead to an infusion of Rs32,000 crore into the system. However, analysts opined that the RBI’s move to keep interest rates unchanged indicates that policymakers are yet not comfortable with the inflation numbers. C Rangarajan, chairman of the Prime Minister’s Economic Advisory Council, said the RBI should resort to cutting interest rates only when there are definite signs of non-food inflation easing in the economy.
India’s food inflation remained in the negative zone for the fourth week in a row, at (-)1.03% for the week ended 14th January from (-)0.42 per cent in the previous week. Crisil Chief Economist D K Joshi said the fall in food inflation numbers will help keep headline inflation at moderate levels.
Reliance Industries, last Friday (21st January) announced a Rs10,440 crore buyback plan of up to 120 million fully paid-up equity shares of Rs10 each, at a price not exceeding Rs870 per equity share from the open market. However, analysts felt a 10% premium on the buyback price of Rs870 would not be attractive for the investors who had entered the scrip at much higher valuations.
On the international front, Fitch Ratings on Friday downgraded the sovereign credit ratings of Italy, Spain Belgium, Cyprus and Slovenia, indicating there is a one-in-two chance of further downgrades in the next two years. Fitch’s announcement follows a downgrade earlier this month by Standard & Poor's of nine euro zone countries, including Spain and Italy.
Meanwhile, the US gross domestic product (GDP) expanded at a 2.8% annual rate in the fourth quarter of 2011, the fastest pace in one-and-a-half years. However, analysts hinted at a slower growth in early 2012.
The Nifty has made a new recent high in this rise of 5,217 points on 27th January which fits into the time cycle window of a top we had been expecting since the last 2-3 weeks. We are also into short-term overbought territory and the Nifty has made a “hanging man” pattern implying that a break of Friday’s low would signal a small correction
S&P Nifty close: 5204.70
Short Term Up Medium Term Down Long Term Down
The Nifty opened flat but rallied smartly into the beginning of the new F&O settlement as envisaged last week. The rise was sharp as the Nifty hit the projected R2 level (5,217) of the week and closed with a smart gain of 156 points (+3.09%). However, volumes during the rise were significantly lower compared to the previous week. The sectoral indices which outperformed were BSE Capital Goods (+5.64%), BSE TECk (+5.18%), BSE IT (+4.03%), BSE Auto (+4.29%) and BSE IT (+4.17%) while the gross underperformers were BSE Reality (-0.28%), BSE FCMG (+0.71%) and BSE Healthcare (+1.50%).
The weekly histogram MACD remained above the median line, confirming the rally. The recovery was on volumes indicating that it could fizzle any moment. One must exit longs and those who are a bit adventurous can create some trading shorts as we have reached a short-term excess in the market and the risk-reward ratio is now getting skewed against longs, even though the trend is up. Stop loss on trading longs should be raised to 5,162 points and further support is pegged in the “gap area” between 4,980-4,991 points.
Here are some key levels to watch out for this week
1. The bulls have succeeded in driving prices higher and the Nifty came within a whisker of the 38.2% (5,221 points) retracement of the entire decline from 6,338-4,531 points.
2. This corrective rise has also come very close to 5,237 points (50% retracement levels of the fall from 5,944-4,531 points) hence one should be cautious in rallies from here on.
3. As pointed out last week, we rallied into the 24th-27th time window where the probability of a short-term top is high. Therefore it would be interesting to see whether we see at least a small correction taking place from current or slightly higher levels.
The Nifty has made a new recent high in this rise of 5,217 points on 27th January which fits into the time cycle window of a top we had been expecting since the last 2-3 weeks. It is also near significant retracement levels of the decline from 6,338 and 5,944 points which increases the probability of a correction from around current levels. We are also into short-term overbought territory and the Nifty has made a “hanging man” pattern implying that a break of Friday’s low would signal a small correction.
Vidur Pendharkar works as a consultant technical analyst & chief strategist, at www.trend4casting.com)