Over 10,180 people across India and abroad have signed a petition seeking a Bharat Ratna for Dr V Kurien, better known as India’s milkman. The campaign now seeks public support for the next phase, which is to bring it to the attention of decision makers. There is also a suggestion to recognise 26th November, Dr Kurien’s birthday as ‘Sahkarya Kranti Diwas’ to start a movement for positive change and inclusive growth. A 1988 convocation address at IIM-Ahmedabad show how relevant this is even today.
The online petition for a Bharat Ratna for one of India’s most deserving sons—Dr Verghese Kurien—has so far received 10,180 signatures and the number is still growing.
Support for the petition has come from all over India and from abroad too—it cuts across all geographical, religious and ethnic boundaries.
As @ManyuShakti put it on twitter: Happy to hear that finally 10,000 squirrels built a bridge to reach Rashtrapathi Bhavan to submit Bharat Ratna petition :-)
The question is, What Next? According to Sucheta Dalal, managing editor of Moneylife, who started the petition, the signatures are only the beginning, the hard work begins now! “The idea is to reach out to the President of India. Our www.change.org/kurien# petition, once closed, will be emailed to the Rashtrapati and the Padma Award Committee members,” she says. If you want to sign even now, please click the link above.
Anand Halve, author and co-founder of chlorophyll has a unique suggestion. He says, “We will push hard for the Bharat Ratna for Dr Kurien, but why wait for the government to do something. The petition got people to think about Dr Kurien’s towering contribution to empowering the poorest people—especially farmers. Why not to build on that for positive change?”
Mr Halve suggests we should remember Dr Kurien’s contribution on his birth anniversary, 26th November and celebrate this day as “Sahkarya Kranti Diwas”, and re-dedicate ourselves to give something back to the society.
Creating positive change: Remembering Dr V Kurien,
Architect of India's white revolution
Sahakarya Kranti Diwas: 26 November 2012
* We invite you to send us ideas and suggestions on how to initiate positive change.
* We urge you to think up ways to mark this day in every town and village of India.
* Those of you who know any of the Padma committee members may like to write to them to push for this most deserved recognition to the architect of the White Revolution! Here are names and email IDs.
* This is purely a public effort with absolutely no corporate support or involvement
The petition will be delivered to:
Pranab Mukherjee, President of India:
Padma Committee Members:
1. Mr Jamshyd N Godrej - [email protected]
3. Ms Leela Samson - Chairperson, Sangeet Natak Adademy - [email protected]
4. Dr R Chidambaram - Principal Scientific Advisor to Govt of India - [email protected]
5. Mr Girish Karnad – email ID not available (Letter sent by speed post)
6. Mr Pulok Chatterjee, Principal Secretary to PM - [email protected]
8. Mr Ajit Kumar Seth, Cabinet Secretary - [email protected]
9. Mr RK Singh, Home Secretary - [email protected]
Meanwhile, you may want to read a speech delivered by Dr Kurien in 1998 at IIM Ahmedabad, which is relevant even today…
Reversal would be seen only if the Nifty closes above any previous day’s high
A close above 5,685 on the Nifty may bring some reversal
S&P Nifty close: 5,574.05
Short Term: Down Medium Term: Down Long Term: Down
After a flat opening, the Nifty made a feeble attempt to take out and close above the weekly pivot of 5,714 points, which failed miserably. After a couple of days of narrow-range movement the market declined with gusto in the last couple of days of the week. The breaking of the support of the weekly channel saw the bulls surrender meekly resulting in the Nifty just collapsing in the last 45 minutes of trade on Friday. The volumes on these days was significantly higher but the week-on-week volumes were significantly lower as the Nifty closed 112 points (-1.97%) in the red. The histogram MACD also fell below the median level indicating that the honeymoon for the bulls is over and desperate measures are required on their part to salvage the situation.
The sectoral Indices which outperformed were CNX Media (+3.56%), CNX Consumption (+0.55%), CNX Infra (-0.13%) and CNX PSE (-0.56%) while the underperformers were CNX Auto (-2.70%), CNX Metal (-2.45%), CNX Commodities (-2.37%) and CNX PSU Bank (-2.35%).
Some key levels to watch out for this week
• As long as the S&P Nifty stays below 5,617 points (pivot) the bulls will be under pressure.
• Support levels in declines are pegged at 5,516 and 5,458 points.
• Resistance levels on the upside are pegged at 5,675 and 5,776 points.
The bulls came a cropper as the Nifty broke through and closed below the weekly channel support. This raises the question whether we have already topped out and an intermediate term decline has begun. To ward off such conclusions the bulls have to ensure that this correction does not drop below 5,448 points and more preferably try to regain the channel at the earliest. From this perspective the coming two to three weeks are important for getting a confirmation whether the bulls are down and out or they make one more last attempt to drive prices higher into the year end. However, from a practical short-term trading perspective one should keep selling into rallies near the 5,675-5,700 point’s area as the daily and weekly uptrend has become weak. From the above one can safely conclude that the bulls are down but not completely out as yet and one has to see what they can do to salvage the situation which would become precarious as the weeks go by.
(Vidur Pendharkar works as a consultant technical analyst and chief strategist at www.trend4casting.com.)