Citizens' Issues
Snapdeal dissociates itself from Aamir's comment
Online marketplace Snapdeal on Wednesday dissociated itself from comments made by Bollywood actor Aamir Khan on the alleged "growing intolerance" in India.
 
Aamir Khan is the brand ambassador of Snapdeal.
 
"Snapdeal is neither connected nor plays a role in comments made by Aamir Khan in his personal capacity. Snapdeal is a proud Indian company built by passionate young Indians focused on building an inclusive digital India," the company said in a statement.
 
"Everyday we are positively impacting thousands of small businesses and millions of consumers in India. We will continue towards our mission of creating one million successful online entrepreneurs in India," it said.
 
The CEO of another e-commerce company Flipkart, Sachin Bansal, said: "This is a flawed logic. Brands don't buy into brand ambassador's personal opinions. Snapdeal shouldn't face this."
 
The Snapdeal reaction came after many people stopped using its App following Aamir's comment.
 
Aamir had said earlier: "For the last six to eight months, there has been a growing despondency I would say... 
 
"When I sit at home and talk to Kiran, for the first time she said, 'Should we move out of India?' Now that's a very disastrous and a big comment to make to me."
 
On Wednesday, Aamir said he and his wife love India and won't leave the country.
 
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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We love India, won't leave: Aamir Khan
Bollywood actor-producer Aamir Khan on Wednesday clarified his stance on "intolerance", saying he and his wife Kiran Rao love India and won't leave the country.
 
Aamir said that while he stood by the interview that triggered a huge row, the avalanche of criticism directed at him and his wife only proved what he had said of the situation in the country.
 
"First, let me state categorically that neither I nor my wife Kiran have any intention of leaving the country. We never did, and nor would we like to in the future," he said in a statement.
 
"Anyone implying the opposite has either not seen my interview or is deliberately trying to distort what I have said. 
 
"India is my country, I love it, I feel fortunate for being born here, and this is where I am staying," the 50-year-old celebrated actor said.
 
"Secondly, I stand by everything that I have said in my interview. 
 
"To all those people who are calling me anti-national, I would like to say that I am proud to be Indian, and I do not need anyone's permission or endorsement for that.
 
"To all the people shouting obscenities at me for speaking my heart out, it saddens me to say you are only proving my point.
 
"To all the people who have stood by me, thank you. We have to protect what this beautiful and unique country of ours really stands for. We have to protect its integrity, diversity, inclusiveness, its many languages, its culture, its history, its tolerance, it's concept of 'ekantavada', it's love, sensitivity and its emotional strength."
 
At an awards event in New Delhi on Sunday, Aamir had spoken of "growing despondency" in India for the last six to eight months.
 
He had said: "When I sit at home and talk to Kiran, for the first time she said, 'Should we move out of India?' Now that's a very disastrous and a big comment to make to me."
 
His statement attracted widespread criticism even as many defended him.
 
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 Anantha K Ramdas

1 year ago

We Indians are specialists in taking words out of context or interpreting things to push our own agenda's on others.

Sometimes we live in an area that has various issues. In our frustration, don't we say: "we should leave this area and go to another?"

After all, what Kiran said was in relation to the kids being subjected to derision in the schools and other places. Any mother could have said that. There is simply nothing wrong in venting her feelings.

The so called patriots who make a big issue out of this is,are in fact, generating unnecessary hardship and heart-burnings, not only to Aamir and Kiran but to peace loving Indians, on the whole.

Aamir's track record speaks for itself. Don't exhibit your intolerance and try to overcome this nasty habit of commenting on what a frustrated mother would have said in difficult circumstances.

Be tolerant.

J Pinto

1 year ago

This same militant Hindutva group the VHP claims to be running free schools "Ekal Vidyalayas" providing basic education and indoctrination in hate to millions of poor rural kids.

Clueless NRIs are contributing generously to this brain-washing.

REPLY

Nilesh KAMERKAR

In Reply to J Pinto 1 year ago

Get Well Soon, Mamu!!

pawan

In Reply to J Pinto 1 year ago

and what about the madrasas

J Pinto

1 year ago

Since BJP came to power the Hindutva Taliban enjoys increasing confidence and clout. Stridently militant MPs in UP are fanning the flames of "intolerance".

Google the words:

nafrat ki patshala in gorakhpur and listen to the hate coming from the lips of 10 year old boys

Google the words:

documentary "The World Before Her" about VHP's Durga Vahini where young girls are brain-washed

Militant VHP affiliated MPs have been elected on the BJP ticket

Bosco Menezes

1 year ago

The problem today is that people believe WhatsApp forwards blindly & forward them onwards without verifying the contents .... if anyone bothered to read his comments, they would realise that Aamir never said he was thinking of leaving the country, but said that he was shocked (disasterous is the word he used) to hear his wife pose such a question.
The sensible reaction to his comments would have been to show him & Kiran the stats that might prove otherwise, but as is the norm nowadays, the trolls & abusers were immediately after him .... almost making the case for his wife's question.

Bajaj Auto, Bosch and Maruti Suzuki shied away from disclosing pay ratios of directors
Almost 70% of the top-10 highest paid directors of Nifty companies are individual promoters while average remuneration of an executive director of a company listed in the benchmark index comes to Rs9 crore per annum, reveals an analysis from Bengaluru-based InGovern Research Services Pvt Ltd.
 
According to the analysis, 34 out of the 50 companies in Nifty index have disclosed pay ratios of directors. While public sector units (PSUs) are exempt from pay-ratio disclosure norms, three companies, Bajaj Auto Ltd, Bosch Ltd and Maruti Suzuki India Ltd shied away from making any such disclosures, InGovern said. HCL Technologies, ACC and Ambuja Cements have not yet made their FY-2015 annual reports available as they have different year-ending dates.
 
The highest remuneration to a director was to Pawan Munjal, managing director of Hero MotoCorp, who was paid Rs43.91 crore for FY15. Ten directors were paid remuneration in excess of Rs19 crore. This included Kumar Mangalam Birla, the non-executive director of Ultratech Cement, who is also the chairman of the Board of the company. "Seven out of these 10 (i.e. 70%) directors are promoters of their respective companies. The three highest paid directors, Pawan Munjal, Brijmohan Lall Munjal and Sunil Kant Munjal, are directors of Hero MotoCorp. Lupin also contributed two directors, Desh Bandhu Gupta and Vinita Gupta, to the top-10 list," InGovern says.
 
 
The report says, eight directors were paid more than 1% of the standalone net profits with the highest being 2.33%. Remuneration paid to 11 directors exceeds 400 times the median employee pay of their companies. This includes three directors each of Hero MotoCorp and Lupin. The average median employee remuneration is about Rs5.87 lakh.
 
 
 
As per the report, Kumar Mangalam Birla, Chairman of Aditya Birla Group, is the only non-executive director among the top 10 highest paid directors. Mr Birla is non-executive director of four companies on Nifty and was paid Rs40.5 crore in FY2015 from these companies, InGovern says.
 
On an average, remuneration of an executive director of a Nifty company constituted 62% as fixed pay and 38% as variable pay. A higher variable component of remuneration indicates that the remuneration policy is aligned with performance of the company. Remuneration of 16 directors was less than 0.05% of the net profits of their companies.
 
 
At present, 10 PSUs, Bank of Baroda, BHEL, Bharat Petroleum, Coal India, GAIL, NTPC, ONGC, Punjab National Bank, Power Grid Corp and State Bank of India in part of the 50-stock Nifty index.
 
InGovern says, "In our opinion, such an exemption should not have been given to PSUs. In the interest of good governance, and greater transparency, all companies should be treated equal and selective exemptions should not be given. The Government of India should view its role as a dominant shareholder and as a regulator as distinct and should not have differing regulations for entities where it is a dominant shareholder." 
 
The Companies Act, 2013 empowers shareholders to vote on proposals for fixing of remuneration of directors. In spite of being provided with such an authority, shareholders of Indian companies have rarely taken a principled stand in cases where excessive remuneration was paid to the directors, until recently. 
 
The recent cases of Tata Motors (where proposals of remuneration to executive directors was voted against) and Apollo Hospitals (where more than 46% voting institutional shareholders voted against the proposals for appointment and remuneration of the executive vice chairperson and managing directors) shows a changing trend where shareholders are actively analysing and voting on remuneration proposals.

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COMMENTS

Balaji

12 months ago

Hi,

In analysis did you include only salary/bonus? OR ESOPs also included. If include, the picture might change...

We are listening!

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