Political forces against anti-corruption movement: Hazare

"Some political and criminal forces are afraid of the recent awakening and huge support of the common man to the Jan Lokpal Bill. They are trying to create confusion and defame the movement for curbing corruption," anti-corruption crusader Anna Hazare said

Ahmednagar: Anti-corruption crusader Anna Hazare today charged "political and criminal forces" of trying to dilute the nationwide movement against graft by defaming and criticising the campaign for a comprehensive Lokpal Bill, reports PTI.

"Some political and criminal forces are afraid of the recent awakening and huge support of the common man to the Jan Lokpal Bill. They are trying to create confusion and defame the movement to defuse the emerging people's movement for curbing corruption," Mr Hazare told PTI from Ralegan Siddhi village, 40km away from here.

On criticism for reported remarks against political leaders, the social activist said that he never said that all politicians in India are corrupt.

"There are very few exceptions at all levels. But those exceptions can be honoured only if they too raise their voice against known corruption in their close circles. Keeping mum on issues related to corruption is also silent support to corruption and such leaders who fall in that category are actually of no use for nation," he said.

The veteran also faced flak from the Congress and NCP for allegedly calling voters corrupt and dishonest.

To which, the 73-year-old Gandhian said, "Political parties and leaders are responsible for maligning the voter's character in this country. They usually earn lot of black money using power and distribute a little amount of it to voters in elections to grab sympathy for their corrupt practises."

"Is it possible today for candidates who are meritorious and possess good moral character and commitment to win an election without huge amount of black money," he asked.

Under attack for appreciating Gujarat chief minister Narendra Modi and his Bihar counterpart Nitish Kumar, Anna said he only lauded their developmental efforts and has always condemned every communal riot including the one in 1984.

Mr Hazare will leave for Delhi tomorrow to attend the first meeting of the draft committee for Jan Lokpal Bill on 16th April.

He expressed his gratitude for the common man as well as all NGOs for their selfless involvement in the movement against corruption.

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COMMENTS

RNandakumar

6 years ago

What else Anna expect from Poiticians
What he is trying to do if become an effective tool most of the corrupt politicians would run out of business. He must take it as a compliment because a politician prasing somebody is the one more dangerous as it indicates that he is already taking action for the downfall of the person he prasies. A recent example could be the reaction of Karunanidhi on Election Commission's strict vigil to curb his corrupt practices.

India biz spending up on sales, marketing, but not on property

"This is a remarkable change on just a few years ago when the combination of economic upturn and increasing employment would have generated a boom in traditional commercial property spending," Regus' country head, Madhusudan Thakur said

Mumbai: Indian business is exuding confidence and this rising optimism is increasing business spend in India, a survey said. Departmental spending is on the rise, specifically sales and marketing costs, reports PTI quoting the latest edition of the Regus Business Confidence Index.

While companies are reporting rising revenues and profit, interestingly many are going slow on expenses related to premises and property, Regus said in a release.

"Departmental spending is predicted to rise this year, with the exception of property where companies are maintaining a strict cost control policy," it said.

Globally, 81% of companies expect to freeze or cut their property spending and in India, a large majority (70%) expect to follow suit, it said.

This matches other research studies which reveal a general trend towards lower-cost working practises, it said.

Regus' country head, Madhusudan Thakur, said, "That business confidence is returning is great news as is the fact that so many companies are reporting rising revenues and profit. Planned departmental spending increase for 2011 is a further confirmation of returning confidence."

Mr Thakur said that it seemed that firms are only investing where there is a clear bottomline return, such as sales and marketing, whereas spending on property will continue to decline in 2011.

"This is a remarkable change on just a few years ago when the combination of economic upturn and increasing employment would have generated a boom in traditional commercial property spending," he said.

Inflationary pressures remain strong despite the Indian government's bullish growth predictions, he said.

"So it looks like firms are remaining cautious in respect to property costs and now prefer to minimise risk and opt for more flexible and scaleable arrangements," Mr Thakur said.

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Bajaj Auto ties-up with SBI for inventory finance to dealers

Through this tie-up, a cash-credit facility ranging between Rs25-lakh to Rs5-crore will be made available to Bajaj Auto’s dealers who predominantly fall in the small and medium enterprise (SME) category for State Bank of India

Bajaj Auto, the country's second largest two-wheeler-maker, today said it has tied-up with State Bank of India (SBI) to offer inventory finance to its dealers, reports PTI.

Through this tie-up, a cash-credit facility ranging between Rs25-lakh to Rs5-crore will be made available to Bajaj Auto's dealers who predominantly fall in the small and medium enterprise (SME) category for State Bank of India.

The loans will be sanctioned and disbursed subject to necessary approvals at a competitive interest rate, the company said in a statement.

The inventory finance innovation comes on the back of a spectacular sales performance by the company which recorded its highest-ever sales of more than 2.4-million motorcycles during 2010-2011.

With ambitious growth plans this year as well, higher inventories at the dealer level as well as secondary network are expected during this fiscal. Higher inventories would mean higher working capital requirements at the dealer level, the company said.

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