Economy
No relief in sight from high prices of pulses
There seemed to be no respite from high prices of pulses like Urad and gram on Thursday as paucity of stocks and restricted supply continued to push up the wholesale prices.
 
At the bulk purchase markets in New Delhi and parts of northern India, there have been reports of overall rise in prices of Urad and Urad Chilka dal by about Rs 100 per quintal.
 
The prices of Urad on Thursday shot up to Rs 10,800-Rs 12,300 per quintal depending on varieties, a source in the Union Food Ministry said.
 
Last week, there was a modest drop in wholesale prices of pulses, the source said.
 
The wholesale price of gram and Kabuli gram also ended higher and advanced on average by Rs 200 per quintal on the backdrop of strong demand from retailers.
 
At the retail market, prices of pulses were Rs 190-200 per kg.
 
In the national capital, gram bulk price rose further by Rs 200 to Rs 7,600, sources said.
 
The prices of Masoor dal small stood around Rs 6,350 per quintal while Masoor local was about Rs 6,600.
 
However, easing demand resulted in drop in prices of maize by about Rs 50 per quintal. Traders also feel there are ample stocks of maize.
 
In New Delhi and other parts of north India, bulk price of maize fell by Rs 50 to around Rs 1,675 per quintal, sources added.
 
Faced with recurring demand-supply issues vis-a-vis pulses, India has requested Mozambique to consider if it can supply Tur dal (or Arhar) for the next five years on a government-to-government basis.
 
India has offered to buy Tur dal from Mozambique at a minimum support price (MSP) plus carrying and transportation cost, the source said.
 
The MSP of Tur dal has been fixed at Rs 5,050 per quintal, which includes a bonus of Rs 200 for 2016-17 crop year (July-June).
 
Mozambique produces around 70,000 tonnes of pulses, including Tur, in a year.
 
India, meanwhile, is also negotiating with Myanmar for long-term supply of Tur dal.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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COMMENTS

Dr. Rakesh Goyal

1 year ago

This price rise is all synthetic by artificially creating shortage and hoarding. Further, if MSP is Rs. 5050 per quintal, why the wholesale prices are Rs. 10800-12300 per quintal, why the retail prices are Rs. 190-200 . Unjust enrichment of middlemen/businessmen and may be also of neta and babus. दाल में काला नहीं, पूरी दाल ही काली है.

D S Ranga Rao

1 year ago

For all that hype of Minimum Government and Maximum Governance, the government has hopelessly failed to check not only the galloping prices of pulses but also free availability of other food grains. Now with the approval of the 7th CPC pay scales, the prices of the food grains go up noholds barred.

Banks need to write off losses between 40% and 70% in 240 firms: Study
Banks would need to write off their losses between 40 and 70 per cent in at least 240 companies, which are under heavy debt mostly in steel, construction, power, textiles and infrastructure, a study said.
 
The study, jointly conducted by Associated Chambers of Commerce and Industry of India (Assocham) and India Ratings and Research (Ind-Ra), also suggested asset reconstruction to cut their losses with the help of revamped asset reconstruction companies (ARCs) sector. 
 
This will help banks achieve a sustainable level of bank debts, going down as non-performing assets (NPAs), said the study, which will be released at an event here on Friday, according to an Assochamstatement.
 
The study noted that the gross non-performing advances rose sharply to 7.6 per cent of gross advances in March 2016 from 5.1 per cent in September 2015.
 
"Asset reconstruction companies need re-positioning; the issue of bad debt amounting to Rs 6 trillion would need ARCs to re-orient themselves, if they are to facilitate the resolution process,” the study said, adding that the current capital position of ARCs can at most take care of 10 per cent of the bad debt in the Indian banking system. 
 
“The number of ARCs has been inadequate vis-a-vis the need. However, that scenario is about to change. In the Union Budget 2016-17, 100 per cent foreign direct investment (FDI) has been allowed for ARCs which is expected to substantially improve their capital base,” said Assocham President Sunil Kannoria..
 
“Moreover, the introduction of the Bankruptcy Code has now positioned ARCs as a very important intermediary between lenders and borrowers,” he said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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COMMENTS

Dr. Rakesh Goyal

1 year ago

These companies must undergo forensic audit. Mostly, companies become sick but promoters remain rich and become more healthy.

Sindhutai Sapkal: Maharashtra has no funds for orphanages, but attempts to orphan the ‘Mother of Orphans’
Consider the rude joke played on renowned social reformer Sindhutai Sapkal, whose grand family comprises 207 sons-in-law, 36 daughters-in-law and over 1,000 grandchildren – all nurtured by her in her orphanages. Many of them are well-educated lawyers and doctors and some, including her biological daughter, are running their own independent orphanage.
 
2010: The Government of Maharashtra honours Sindhutai Sapkal with the prestigious Ahilyabai Holkar Award, which is given for outstanding work in the field of woman and child welfare. Obviously, the government could not have given it to someone who runs an illegal entity.
 
2016: The Maharashtra Department of Women and Child Development (WCD), pressures Sapkal to oust orphans residing in her Sanmati Bal Niketan and hand them over to the department to rehabilitate them to government orphanages. Reason? Because Sanmati Bal Niketan is not registered with WCD and hence, is being considered as an illegal entity. This, despite Sapkal running from pillar to post, since 2011, in order to have the institution registered. 
 
Firstly, if it is illegal, why did the state government give such a prestigious award to Sapkal? Also, to be noted is the fact that, Sapkal has been felicitated by three Presidents of India. So, aptly did she say at a function held by Moneylife Foundation this year on Women’s International Day that, “Despite all the awards (750 and more) and travelling across regions and even to the US, I am still a beggar (none of her orphanages receive any grant from the government). Earlier, my singing used to provide me with food. Today, my speeches give us our food. पहले गाना था तो खाना मिलता था, अब भाषण है तो राशन है.’’
 
Secondly, recently in the WCD committee meeting in Aurangabad, its minister, Pankaja Munde did not take any decision on the financial grant of Rs200 crore, for meals for the 150-odd government orphanages in Maharashtra, due to alleged lack of funds. This has sent nervous signals across orphanages in the state. So, does it have the right to destroy someone’s efforts in nurturing orphans by being self-sufficient?
 
Thirdly, the State Government has stringent norms regarding the capacity of orphanages. This means that there are thousands of orphans who cannot get admission into them. So, when `Mai’ Sapkal has taken up this responsibility with credibility, why has the government woken up now suddenly to destroy her work?
 
Fourthly, the WCD officials have sent her a notice, because she has not registered with it. Did WCD officials suddenly realise that an individual cannot run an orphanage as that would lead to other individuals asking for the same? Well, the government keeps making ‘exceptions’ so isn’t there a difference between Sapkal knocking at the state government’s door since 2011, seeking registration for her orphanage and some other Tom, Dick or Harry asking for the same? 
 
Fifthly, is the Women’s and Child Department of Maharashtra Government, under its minister, Pankaja Munde, so insensitive and callous that it is so disrespectful to one of the stalwart social reformers of our times, so as to treat her as a criminal, for no fault of hers but for its own criminal negligence in not attending to her plea for registration of her orphanage?
 
Vijay Kumbhar, noted Right to Information (RTI) activist and one who has closely studied the issue of orphanages in Maharashtra, says, “What right does the state government have to treat a respectful social reformer like Sindhutai in such a humiliating manner, when it cannot grant even Rs200 crore to serve food to orphans in its own 150 orphanages? There have been various instances when ‘special’ status has been granted. Isn’t Sindhutai’s work revolutionary enough to grant her not only recognition but financial aid as well? It is unfortunate that the Department for Women and Child has always had insensitive ministers and officials. It is a real tragedy and a shame on the present government.”
 
Sindhutai's story is one of incredible grit and determination to fight adversity. At the age of 20, when she was nine months pregnant, she was kicked, beaten and left to die in a cowshed. Her daughter was born in that semi-conscious stage and she cut the umbilical cord herself and went away with her daughter to try and stay alive. The beauty of Sindhutai Sapkal's life story is that she went on to build multiple orphanages and nurture over 1,000 children and give shelter to innumerable women, who are destitute and abandoned.
 
At the Moneylife Foundation function in Pune, Sindhutai also shared her experience of giving up her own daughter to an orphanage so that she could remain fair to all the other orphans she adopted over the years. What is clear in her talk is her indomitable spirit, extraordinary courage and high intelligence, combined with street-smartness.  
 
“I have experienced what it feels like to have no one with you, no place to go, no shelter and no food to eat for days. My small work makes me feel like someone is helping me heal my own wounds. So all wounds heal with time, but you must live, stay alive for others” she had said.
Stung by this move by the WCD, Vinay Sapkal, who has been with Mai since he was two months old and now manages all her work, pens down the pain caused to them, due to the insensitivity of the state government. He writes:
 
“The real tragedy is that when a person, following a certain principle, powered by immense confidence and grit, creates a world for orphans; takes utmost care of them, nourishing them by continuously asking for alms; that motherly figure is (leave alone being given a government grant) being denied recognition, by the government. 
 
Mrs Sindhutai Sapkal (Mai), who, today, is known as mother to thousands of children, is being pressurised to admit the children in her institution into the government orphanages. This action is being taken by the Ministry of Women and Child Development, which is supposed to ensure care and protection of children. The sole reason being, the institution doesn’t have the official recognition.
 
Our Mai is tired of sending proposals to this department to get recognition since last five years, i.e., year 2011. The government, that is, the officers and members of the department of women and child development, have constantly denied us recognition, under one pretext or the other, referring to irrelevant points as mistakes in an unreasonable manner. 
 
It means the government, in the first place, is making all excuses to issue recognition to the institution, and to top it, gravely humiliating Mai by behaving in such a manner. It is really unfortunate that Mai, who was honoured, felicitated and awarded by three Presidents of India, should be treated thus. 
 
It is an unpalatable fact that the lady who in the last 40 years wandered from village to village, appealed for donations through speeches till her throat was parched, asked for alms to let live, raise and help thousands of orphans stand on their own feet, is being reprimanded severely by the government. 
 
Today, there are thousands of ashrams in Maharashtra, some are recognised, and some are not. If any institution does not fit into the rules and regulations pertaining to the running of institutions, then it may be denied recognition. But, why harass those institutions which provide all the facilities and education to the children, and work in a selfless manner? Looking at all the facilities, food provided to the children, at Mai’s four-storey building at Manjari, it should have got the grant without any hitch. 
 
Considering the future of the children, Mai has built such a grand building, raising money through asking for alms. Still, since 2011, it hasn’t received the grant despite it being close to essentials such as school and college and so on. Just the other day, there was a news story in a daily about two officers of the women and child development department getting arrested by the Anti-Corruption Bureau. What does it mean for the ordinary citizens and those who are doing good work? And to top it, there are threats by them that they will take away the children. Therefore, if the top officials in the government look into this matter and treat those who are doing good work for the community with due respect, the respect for the government amongst the people will definitely increase.  
— Vinay Sindhutai Sapkal”
 
 
Some of the many awards received by Mai Sindhutai Sapkal
 
• 2015 - Ahmadiyya Muslim Peace Prize for the year 2014
• 2014 - BASAVA BHUSANA PURASKAR-2014,Awarded from Basava Seva Sangh Pune.
• 2013 - Mother Teresa Awards for Social Justice.
• 2013 - The National Award for Iconic Mother ---- (first recipient)
• 2012 - Real Heroes Awards, given by CNN-IBN and Reliance Foundation.
• 2012 - COEP Gaurav Purskar, given by College of Engineering, Pune.
• 2010 - Ahilyabai Holkar Award, given by the Government of Maharashtra to social workers in the field of woman and child welfare
• 2008 - Woman of the Year Award, given by daily Marathi newspaper Loksatta
• 1996 - Dattak Mata Purskar,Given by Non-Profit Organization – By Sunita Kalaniketan Trust (In the memories of – Late Sunita Trimbak Kulkarni ), Tal – Shrirampur Dist Ahmednagar. Maharashtra Pune.
• 1992 - Leading Social Contributor Award.
Sahyadri Hirkani Award (Marathi: सह्याद्रीची हिरकणी पुरस्कार)
Rajai Award (Marathi: राजाई पुरस्कार)
Shivlila Mahila Gourav Award (Marathi: शिवलीला महिला गौरव पुरस्कार)
• The 2010 Marathi film Mee Sindhutai Sapkal by Anant Mahadevan is a bio-pic inspired by the true story of Sindhutai Sapkal. The film was selected for world premiere at the 54th London Film Festival.[11]
 
 
You may want to read
 
 
 
 

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COMMENTS

Geeta Mehta

1 year ago

Such dedicated people are soo rare, to make things difficult is v upsetting. ..

Vaishali Sawant

1 year ago

I have signed the petition too.

Silloo Marker

1 year ago

The above story about the ill-treatment meted out to Sindhutai Sakpal, is really disgusting. It shows the crab mentality of officials who will do their best to pull down anyone rising after great efforts and doing something without any official help. This lady needs the help of the media to show the disrespect shown by Pankaja Munde to a person well known for the good that she has done to so many orphans. It's only bad press which puts pressure on any government body to act more responsibly. Moneylife may consider helping out by organising a press meeting.

Prasad Nageshkar

1 year ago

I have signed the petition and have high admiration for Sindhu tai . However was it necessary to start the petition with Devendra Fadnavis' name ?

Jyoti Dua

1 year ago

This matter must be reported on the blog of CM Maharashtra and PM Shri Modi. It is clearly a case of harassment to secure favours. The case may also be taken up through a reputed MP.

Sucheta Dalal

1 year ago

Friends. Please sign my change.org petition on this issue and support Sindhutai Sapkal!

ttps://www.change.org/p/devendra-fadnavis-stop-harassing-sindhutai-sapkal-don-t-close-down-her-orphanages?recruiter=9991754&utm_source=share_petition&utm_medium=email&utm_campaign=share_email_responsive

REPLY

Shyamsunder Nambiar

In Reply to Sucheta Dalal 1 year ago

Besides the change.org petition would a PIL help to stop this harassment and disrespect to a divine soul Sindhutai and the innocent children ? I agree we need to appeal to PM Modi as well.

Om Prakash Arora

1 year ago

We salute the noble deeds of Sindhutai.It is few people like her that restore our faith in humanity. State Govt must take proactive measures to register her orphanage Sanmati Bal Niketan at the earliest.
We appeal to Ms Munde to do the act which is expected of her.This will not only make the condition of inmates of orphanage better but also their future as well because without recognition the inmates are not eligible for adoption as per the CARA rules 2015.
We need to appeal to PM also.

REPLY

Ganesh Iyer

In Reply to Om Prakash Arora 1 year ago

Maharashtra is for money no sympathy no mercy otherwise who would behave this way. Maharashtra Nav Nirman Sena used Sindhutai's photo for elections as a great maharashtrian but did not contribute to her cause. MNS also monitored all Toll nakas in mumbai n later settled down allegedly for a secret price. Sympathy is dead here so also law. Many poor lost their lands to criminals, politicians and gangsters what happened they perished with No Justice. If anyone wants to see the real ashramshala at Chikale village, Panvel one can learn the actual quality of maharashtra govt. Gujarathis do build lots of charitable institutions maharashtrians have not learnt that way. Sindhutais children are enough to teach those opposing her a good lesson. Its more shameful that no action is initiated in the Rs 400 crores chikki n biscuit scam, scandal of Pankaja Munde.

Vaishali Sawant

1 year ago

Very correct write a mail to mr. Modi immediately and let him know the concerns. believe it will get permanently sorted. Also mention that anyways the government is not helping the organisation then at least don't harras them.

p t suresh

1 year ago

She should write to the PM of India stating all the facts and pointing out who were all those in the Government to whom she had discussions and also written. Disclose full details and see what happens.

suneel kumar gupta

1 year ago

I always feel that govt. dept gets Scot free and accused are prosecuted. I believe that in this all the concerned govt. machinery from 2010 to date should be prosecuted for dereliction of duty for not doing anything for such a long time. Let them come & explain.

Parimal Shah

1 year ago

Mr Phadke
Are you listening?
Tell govt officers and babus to be sensitive and use law with some common sense instead of harassing people who are actually doing what your government should be doing, and in so doing, helping you to reduce your burden. Be human and behave like one, not like insensitive robot.

Parimal Shah

1 year ago

Mr Phadke
Are you listening?
Tell govt officers and babus to be sensitive and use law with some common sense instead of harassing people who are actually doing what your government should be doing, and in so doing, helping you to reduce your burden. Be human and behave like one, not like insensitive robot.

P L Despande pawar

1 year ago

Horrible is the word to describe the plight of Sindhutai.This is an appropriate case for Hon'ble High Court to take a suo motto notice of the plight of Sindhutai & do justice yo her.

Mahesh S Bhatt

1 year ago

Jiska Raja Vyapari uski Praja Bhikari.Aur yeh Raja to anath ko bhi nahi chodta.Om Shanti Mahesh

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