The ghazal maestro passed away today. It was Jagjit’s single-handed contribution that made the ghazal genre a part of every Indian’s life—and this was at a time when music from the Indian Hindi film industry was melodious, meaningful and with lyrics that we still remember
At 8AM today, one of India’s greatest music icons passed away. Jagjit Singh, with wife Chitra, managed to pull at our heartstrings with hit after hit from the late 70’s to the early 80’s. The ghazal maestro’s accomplishments were made all the more difficult because his was a genre that had to hold its own against some accomplished Bollywood music-composers.
When Jagjit sang “Apni hatoon ki lakiroon me basa de mujhko; kar diya tune agar mere havaale mujhko” (Let me lose myself in the lines of your palm; can you release me to who I am?), the song captivated you—his mellifluous voice could make you forget yourself and think about the times gone by. Almost all his songs were set to tune by Jagjit himself—and he stayed away from the harsh arc-lights of what is now called ‘Bollywood’ film music.
Still, songs like “Tumko dekha to yeh khyaal aaya (When I saw you, that feeling touched me) and “Yeh Tera Ghar Yeh Mera Ghar” (This home is made just for the both of us) which he composed for an eminently forgettable movie (Saath Saath) in 1982—are something special for a generation that was bought up on a diet of music which was not re-mixed, with songs straight from the soul and which sounded rich—even if they were played on an old LP (or worse, a poor cassette tape player).
The death of his young son Vivek Singh in a road crash at Mumbai’s Marine Drive had the Singh couple shattered—hints of which could be discerned in the songs that they came out with after that. But Jagjit and Chitra did not lose to will to live or to sing.
A show like his just cannot go on. The only tribute that we can pay Jagjit Singh today is to listen to at least two of his best albums—‘A Milestone’ and ‘The Unforgettables’. Ghazals don’t get better than this. And none of the tripe being churned out by Bollywood’s Current Perpetual Hit Factory Machine can even come close to the music that Jagjit Singh had produced. Today brings you back to two other fateful days when a number of us came to know about the demise of Mohammed Rafi and Kishore Kumar (over the radio). 10 October 2011 will be another day that we will never forget.
Here’s Jagjit singing: “Yeh daulat bhi le lo (I have no need for money’s filthy lucre): http://www.youtube.com/watch?v=c3Wq4q7Yygg
Here he wants to go back to the days when he listened to his grandmother’s folk-songs about fairies, when he played with boats fashioned out of paper... and where he wants to go back to the days of yore (a recurring theme in so many souls who find that this cruel world does not have any answers for them) and get drenched in the monsoon of his childhood.
Rest in peace, Jagjit Singh. You don’t need a swan song to bow out.
Besides former telecom minister Dayanidhi Maran, the CBI has also booked his brother Kalanidhi, Maxis owner T Ananda Krishnan, senior executive Ralph Marshall and three companies Aspro, Maxis and Sun TV in the case on charges of criminal conspiracy under IPC and Prevention of Corruption Act
Chennai/New Delhi: The Central Bureau of Investigation (CBI) on Monday conducted raids at the premises of former telecom minister Dayanidhi Maran after registering a case against him in connection with the controversial Aircel-Maxis deal, reports PTI.
The agency has also booked his brother Kalanidhi Maran, Maxis owner T Ananda Krishnan, senior executive Ralph Marshall and three companies Aspro, Maxis and Sun TV in the case on charges of criminal conspiracy under IPC and Prevention of Corruption Act.
After registering the case, the agency carried out searches at the premises of the Maran brothers in Delhi and Chennai.
“The CBI has registered case against Maran brothers, Ralph Marshall and T Ananda Krishnan and three companies under section 120b of IPC read with 13(2) with 13 (1)(d) and also section 7 and 12 of the Prevention of Corruption Act. The case was registered on 9th October. Searches were conducted at Delhi and Chennai,” CBI spokesperson Dharini Mishra said here.
It has been alleged by former Aircel chief C Sivasankaran that Mr Maran as the then telecom minister favoured the Maxis group in the takeover of his company and in return investments were made by the company through Astro network in Sun TV owned by the Maran family.
The CBI, in its recent status report to the Supreme Court, had said that during Mr Maran’s tenure there was ‘deliberate delay’ to provide letter of intent to Mr Sivasankaran.
The agency had said that after Aircel was sold to Maxis investments were made by the Malaysian firm into the family business of the Marans.
Former aides of Mr Maran had reportedly told CBI that the processing of the files of Mr Sivasankaran was delayed allegedly at the direction of the minister, agency sources claimed.
Mr Maran had refuted the allegations.
It was also contended that Mr Marshall held meetings with the telecom minister between 2005 and 2006.
Mr Sivasankaran had alleged that his applications for licences were rejected when Mr Maran was telecom minister in 2006, forcing him to sell his company to Maxis, whose owner is considered to be close to Mr Maran and his brother Kalanidhi, who owns Sun TV.
Later, Mr Maran is alleged to have granted 14 licences to Dishnet Wireless (Aircel) during his tenure as the telecom minister. The allegations have been refuted by Mr Maran.
CBI is looking into financial transactions of Sun TV and Maxis. Besides, it is also looking into various aspects of takeover of Aircel by Maxis group, the sources said.
The probe agency has already registered a preliminary enquiry on issues in second generation (2G) spectrum allocation between 2001 and 2007 and is actively looking into matter.
Following the development, shares of Sun TV Network declined 2.05% to Rs256.10 in noon trade on the Bombay Stock Exchange.
The MFIN proposal to the state government also has a provision to reschedule the tenors of loans by MFIs, which are generally given for a short-term. The proposal also involves the lenders collectively calculating the outstandings of a borrower from various MFIs and then offering a repayment plan at 15%
Mumbai: Cash-strapped micro-lenders in Andhra Pradesh are toying with the idea of recasting distressed loans by almost halving interest to 15%, with a view to improve abysmal repayment rates in the country’s largest microfinance market, reports PTI.
“We (MFIs) have offered to recast loans in the plan submitted to the AP government. Under the proposal, we plan to charge an interest rate of 15% on bad loans from 15th October,” Share Microfinance managing director Udaia Kumar told PTI over the phone from Hyderabad.
The repayment rate in the state is as low as below 5%, according to many microfinance institution (MFI) players.
It was alleged earlier that microfinanciers were charging exorbitant interest rates of over 30% before the Andhra government clamped down on the business last October.
The rate was subsequently capped at 24% by the Reserve Bank of India (RBI).
Mr Kumar was referring to a letter written by the industry’s umbrella body, Microfinance Institutions Network (MFIN), to the Andhra government for certain relaxations in a law governing the business.
AP, which accounts for 30% of the MFI business in the country, had come out with a stringent law to regulate operators, following allegations of coercive collection practices resulting in a spate of suicides by harried borrowers.
Emboldened by the legislation, borrowers refused to repay their loans, pushing the industry into a deep crisis.
In this regard, Mr Kumar said Share, which witnesses over 45% of its business from AP, has observed a repayment rate of only 10% over the last few months.
In the wake of these developments, the MFI sector has lost its sheen and bank funds have not been forthcoming in providing funds to companies, in spite of comforting factors like the RBI’s decision to be the sole regulator of the sector.
Mr Kumar said the MFIN proposal to the state government also has a provision to reschedule the tenors of loans by MFIs, which are generally given for a short-term.
The proposal also involves the lenders collectively calculating the outstandings of a borrower from various MFIs and then offering a repayment plan at 15%.
But there are some caveats to this. Under the scheme, an outstanding of under Rs15,000 will not be included for rescheduling, while those between Rs15,000 and Rs30,000 will have to be repaid in two years, Rs30,000-Rs50,000 in three years and over Rs50,000 in four years, he said.
Mr Kumar said the state government is presently ‘reviewing’ the proposal and said he expects a positive response from them.
Umbrella body MFIN’s president and the chairman of the second biggest MFI, Basix, Vijay Mahajan, was not available for comment.