Sunday 19 February 2023

1186

ஆண்பிடி
இறுகும்போது
எரியும்
மின்சார 
விளக்கு 
பெண்
பிடிதளரும்போது
அணையும்
விளக்கும்
அவள்!
அவன் எரிபொருள்
அவள் எரிபவள்
பெண் பாஸிட்டிவ் டெர்மினல்
ஆண் நெகட்டிவ் டெர்மினல்
அருகில் வரும்நேரம்
பாயும் ஹை வோல்டேஜ்
மின்சாரம்!

Comments :

யாரோ அவன்


அவன் பரிசு மழை பொழிந்து
புகழ்ச்சியுரையாற்றி
எனை மயக்கிடவில்லை
ஆனால் நான் அவனிடத்தில்
மயங்கியே கிடக்கிறேன்
அவனுடனான காதலில்
திளைக்கிறேன்..

அவன் பேசிய வலையொலி
காணொலிகள்
தந்த போதையில்
நான் அவனிடத்தில்
மயங்கியே கிடக்கிறேன்
அவனுடனான காதலில்
திளைக்கிறேன்..

கோபம் வந்ததில்லையா
எனக் கேட்டு விடாதீர்
ஊழலை ஒழித்திட
அனல் பறக்கும் வார்த்தைகளை
அவனை விட சிறப்பாய்
பேசியவரை
நான் பார்த்ததில்லை
அந்த உணர்ச்சி குவியலைக்
கண்டு நான் அவனிடத்தில்
மயங்கியே கிடக்கிறேன்
அவனுடனான காதலில்
திளைக்கிறேன்..

துணிவு மிக்கவனா
என நீங்கள் கேட்பது
கேளாமலில்லை
தாயே தடுத்திடுனும்
தலையே போயிடினும்
அஞ்சிடேனென
சமூகநீதி காத்திட
சிறைவரை சென்றவன்
அந்த துணிவை கண்டு
நான் அவனிடத்தில்
மயங்கியே கிடக்கிறேன்
அவனுடனான காதலில்
திளைக்கிறேன்..

Saturday 18 February 2023

குறள் 1185

ப்ரிட்ஜில்
வைக்க மறந்த
இனிப்பு பண்டம்
ஒரே நாளில்
கெடுவதை போல
அவரை பிரிந்த
அடுத்த நாளே
உடலும் உள்ளமும்
கெடுவதேன்?

ஆக்சிஜன்
இன்றி
மூச்சிறைக்கும்
ஆஸ்த்மா நோயாளி
ஆகிறேன் நான்!

தரைக்கு வந்த மீனாக
வலையில் சிக்கிய புழுவாக
தவித்து போகிறேன் நான்!

பரிட்சை எழுதிவிட்டு
ரிசல்டு வர
காத்திருக்கும்
மாணவி போல
அவரை வழியனுப்பிவிட்டு
வருகைக்காக
காத்திருக்கிறேன்.

Friday 17 February 2023

ED CBI IT are lapdogs of ruling party

It is not surprising that the Modi government  is using the CBI , ED, IT to intimidate the opposition parties
Starting from
Congress to ADMK
BSP to Samajwadi party ,
TMC to TDP
etc.,
and most recently BBC an international broadcasting service.

It is high time we discuss the future of the CBI at a national level. it has also been called a ‘Central Bureau of Intimidation’.

Figuring out that this is the first government in the history of Indian politics to brazenly use agencies like the CBI to settle their own political scores is no rocket science. The Narendra Modi government will exploit any and every institution for their gains.

When someone with corruption charges ends up joining the BJP, they forget about all existing allegations against that individual. But if you decide to stand upright and challenge their politics, then these agencies come after you specifically.

It is true that these agencies have been exploited in the past. But it’s almost as if the BJP government is hell-bent on changing the very nature of these agencies.

It is time for us to revisit the fundamental make-up of the CBI. It should be completely free of any political influence.

even if it pretends to be an autonomous organisation, it is programmed by the ruling party.

in my view
Those heading these agencies are equally to blame for obliging political parties

These agencies have come under the scrutiny of the Supreme Court in the past for either being in league with the powers that be or not discharging their functions as required of them under the law. The mechanism put in place to grant them autonomy on the prodding of the court has not succeeded. The officers, who staff or lead these agencies, must equally share the blame for this malaise, being ever willing to oblige to those in power even though they have the security of service and even tenure sometimes.

The situation will improve only if a system is put in place, which will ensure a more transparent process for the selection of officers and ensure accountability to law, coupled with adequate checks and balances

I observed another trend is that
Cases and probe agencies spring out of cold storage before elections, and turn cold soon after

Do you Remember how many times the CBI suddenly became active in pending cases against the Samajwadi Party or the Bahujan Samaj Party just before a trust vote in the Lok Sabha?

What makes the BJP government stand apart, is that it seems to have taken this to a completely new level.

Before every assembly election in the last few years, there have been clear cases where the CBI and/or the ED have gone after the Bharatiya Janata Party’s political opponents. Once the elections are over, the probe goes cold. In most cases, the news disappears, too.

Many have held the agencies’ moves as motivated, aimed at tilting the scales in favour of the BJP, done also through selective leaks by the agencies.

Rahul Gandhi has spent 50 hours spread over five days and Sonia Gandhi 12 hours over three days in the ED office answering queries in the National Herald case.

The ED is currently headed by Sanjay Kumar Mishra, an Indian Revenue Service officer who is a well-known authority on international finance and taxation and has handled the finance ministry’s Foreign Taxation division. He is known for his meticulous work in matters related to violations of income tax rules. He is a tough taskmaster and pursues cases deeper.

The department wasn’t surprised when in November 2021, the Modi government issued an ordinance to give him an extension of one year. His second extension is politically so potent that it has been challenged by eight petitioners in Supreme Court. The notices have been issued by the Supreme court to the government, and Mishra too.

Vivek Wadekar (1991 batch) is the special director of the ED. Again, he is a taxation expert.

One retired ED officer explains that for the last two decades, India’s lawmakers and lawbreakers have been aware of the potent PMLA and its applications. But under the Modi government, the ED’s public profile has changed. Now, ED doesn’t mean “it deals only with cases of violations of foreign exchange.”

Whenever the CBI files an FIR, the ED is bound to enter all those CBI cases where the money trail needs to be unearthed. The cases of Partha Chatterjee and Sanjay Raut are about alleged money laundering (within the country), which may or may not involve violations of foreign exchange rules, but these cases fall into the ED’s purview under the PMLA. There are some 32 different acts and many more clauses of the criminal act which if the CBI applies in any of its FIR, then automatically ED can take cognisance and enter the case. Like it did with Partha Chatterjee. The local office of ED headed by Subhash Agrawal in Kolkata had its own intelligence network that helped track the money and got the big catch. Now, Aadhaar number, PAN card, income tax returns and buying and selling of properties and shares are all thickly interlinked and less opaque than before.

A day after the Enforcement Directorate (ED) conducted raids in connection with the alleged irregularities in Mayawati memorials scam, Chief Minister and Telugu Desam Partry national president N. Chandrababu Naidu alleged that the Modi government was using the Central agencies to target leaders of non-BJP parties.

Since 2014, 4-fold jump in ED cases against politicians; 95% are from Opposition parties.

Strangely
What it explains is  the poor conviction record.

In the past, multiple media reports have highlighted how India’s investigative agencies do a poor job in putting together their case and arguing it in a court of law. In April 2016, the-then finance secretary Hasmukh Adhia even chided the ED over its abysmal conviction rate.

Anonymous ED sources have through various stories complained about insufficient manpower, the difficulty in establishing evidence of a proper money trail and poor litigation strategies.

The numbers put out so far should also be seen in the context of India’s notoriously slow judicial system. Even though the ED has special PMLA courts to prosecute its cases, the system is still creaky and often has multiple delays in seeing a full case through.

Nevertheless, the data is likely to be viewed by some, particularly opposition parties, that the ED continues to be used as a political tool of intimidation.


குறள் 1184

நொடிகளை
விழுங்கும்
சுறா மீன்
உன் நினைவுகள் 

அலையாய்
முன்னும்
பின்னும்
வந்து
என் மூளையை
தொட்டுச்செல்கிறது
உன் வதனமும்
வேடிக்கை பேச்சும்! 

பேசுவதெல்லாம்
உன் குணங்களை
போற்றித்தான்
அஞ்சாதவன்
அசராதவன்
அழகானவன்
நேர்மையானவன்!

இதற்கு பரிசாக
உன்னையே
தராமல்
பசலையை
ஏன் தந்தாய்?

Comments received:

குறள் : 1181

அன்பே விகாஸ்
எங்கிருக்கிறாய்
எப்படி இருக்கிறாய்
உன்னை பிரிந்து
ஒன்பது வருடங்கள்
ஆகிறதே
ஒருநாள் கூட
எனைபார்க்க
தோன்றவே
இல்லையா?
உனைபார்க்காமல்
என் தேகம்
மெலிந்து
தீபிகாவாய்
ஆனது
என்னென்ன
கற்பனைகள்
வளர்த்தோம்
அத்தனையும்
மறந்தாயோ
இருவரும்
இணைந்து
2023 இல்
வல்லரசை
சந்திக்கலாம்
என்று ஆசை
காட்டினாயே
இன்று நான்
சோற்றுக்கு
வழியின்றி
மாதம் 5 கிலோ
இலவச அரிசி
வாங்கி வாழ
நேர்ந்ததே!
இருந்தாலும்
உன்னை
நேசிக்கிறேன்
இன்று நாம்
சந்தித்த நாள்
அன்றோ
Happy Valentine's Day
My dear Vikas Maama!
Please come soon
I am dying slowly.......

- சங்கிராணி

Thursday 16 February 2023

1182

பெண் மேனி
என்ன தாமிரமா?
அவர் பிரிவு என்ற
ஆக்சிஜனோடு
வினையாற்றி
பசலை படர்ந்து
நிறம் மாறியதே!
பொலிவும் குறைந்தது
பலமும் குறைந்தது
Primer என்ற
குழந்தை இருந்தால்
பிரிவும் வராது
பசலையும் வராது
பேதை பெண்ணுக்கு
தன்னை காக்கும்
வழிகள் தெரியலையோ?

Comments received

குறள் : 1183

வரிசையாய்
உண்டு வேலைகள்
மனம் எதிலும்
செல்லவில்லை
வகைவகையாய்
உண்டு பலகாரம்
எதையும் உண்ண
நாட்டமில்லை
உறவாட ஆயிரம்
உறவுகள் உண்டு
பேசத்தான்
விருப்பமில்லை
உட்கார்ந்தோ
படுத்தோ நேரம்
கழிகிறது
எங்கோ வெறித்தோ
பார்வையோடு
என்ன மாயம்
செய்தாய்
எனை பித்தாக்கினாய்
காதல் பட நாயகனாக
தெருவெல்லாம்
அலைவேனோ
சேது விக்ரமாகி
கீழ்ப்பாக்கம்
செல்வேனோ
என்ன செய்வதாக
உத்தேசம் என்னவனே!
காதல்நோய் தந்து
கண் மறைவது சரியா?

Monday 13 February 2023

குறள் : 1180

மறைக்கவே
நினைக்கிறேன்
அவன் மீதான
அன்பை காதலை
ஊர் பழிக்கும்
என்று!
ஆனாலும்
என் கண்கள்
காட்டிக்கொடுத்து
விடுகின்றன
ஹின்டன்பெர்க்
அறிக்கையை போல
லட்சங்களில்
செலவுசெய்கிறேன்
நிஜமுகத்தை
மறைத்துக்கொள்ள
அவனுடனான
அன்பை நட்பை
அகத்தில் வைத்திருக்க
ஆனாலும் கண்கள்
கலங்கி கண்ணீராக
வெளிவந்துவிடுகின்றன

Comments received : 

Saturday 11 February 2023

The Rise and Fall of Adani

The rise of Gautam Adani has been spectacular, and his transformation from provincial businessman into history-making industrialist is now almost a national myth. Adani was born in the state of Gujarat, on India’s west coast, a region renowned for its long coastline and high levels of industrialisation. He was not born to great wealth, but from a young age he sought to acquire it. In the early 1980s, he quit his college studies and moved to Mumbai to dabble in diamond trading. He didn’t find his fortune with the gems, instead moving back home to work in the family business, producing cling wrap.

It may seem inauspicious, but Adani had found the germ for his future empire: polyvinyl chloride, or PVC. Astutely, Adani bought up local import licences for the product and began importing in high volume. He found a profitable surplus from doing so, and parlayed this into the importation of other industrial chemicals. His business grew rapidly, before he diversified again in 1995 by constructing a port in Mundra. His wealth and assets would snowball, but dogging his rise were serial allegations of cronyism, tax evasion, environmental degradation and the displacement of Indigenous people. Adani would also develop a reputation for his aggressive litigation of critics, notably journalists.

If Adani’s rise through the 1990s and 2000s was impressive, it became startling after the ascension of Narendra Modi to the prime ministership in 2014. Modi had previously been chief minister of Adani’s home state of Gujarat, where the businessman had assiduously courted the nation’s future leader. Together, they wrote a narrative of unstoppable Indian growth and positioned themselves as fundamental to it. An attack on Adani was spoken of as an attack upon India.

“There’s a notorious photograph of Mr Modi boarding an Adani plane, with their logo emblazoned across it, which followed Mr Modi’s successful election in 2014,” says Geoff Law, the editor of Adani Watch, an online publication that the Bob Brown Foundation established in 2019, and which describes its mission as covering financial, environmental and social justice issues related to the company. “That photograph sums up the relationship. The skyrocketing of Mr Adani’s wealth, and the fortune of the Adani Group, has virtually all occurred following Mr Modi’s ascension to prime ministership.”

In 2014, Gautam Adani’s net worth was about $US2.8 billion. Earlier this year, it was estimated at $126 billion, and Forbes magazine listed him as the world’s third-wealthiest man. The company has also established the controversial Carmichael coalmine in central Queensland and built a 200-kilometre rail line to Abbot Point port – recently renamed as the North Queensland Export Terminal – which it also owns. After almost a decade of protests, advertising campaigns and fractious applications, the mine, in a much smaller capacity than the one initially proposed, began its first shipments of coal in late 2021.

It is not difficult to state the influence and control of the Adani Group in Indian public life.

From that early investment in PVC, Adani today runs mining, power generation and transmission, ports, airports, food production and, with its recent majority stake in NDTV. The broadcast media network was considered one of the last independent outlets in a country that resides towards the bottom of Transparency International’s global rankings, and its founders quit the board in protest. Several journalists have since followed. “Some people see adani as a great entrepreneur,” “Others perceive him as an oligarch.”

the former view dominates coverage. “A lot of media reporting on Adani over the last two or three years has been puff pieces about his business ability,” .“Much of the reporting has had a certain breathlessness to it.”

Hindenburg Research is a curious financial analysis firm. Based in Manhattan and founded by investor Nate Anderson, it is named for the 1937 zeppelin disaster, which Anderson says was the “epitome of a totally man-made, totally avoidable disaster”. The firm takes a special interest in companies that may feature irregularities, excessive debt or corrupt practices. It then makes public its forensic reports, and seeks to profit from the companies’ subsequent decline in share value – something the firm declares openly.

On January 24, Hindenburg Research published a 32,000-word report on Adani Group, the work of two years’ research and analysis. Bluntly titled “Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con in Corporate History”, the report alleged that Adani family members had been conducting a massive shell game of creative financing via a network of offshore entities in tax havens. The report also implicated Adani Group’s mining operations in central Queensland.

It has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades,” the report reads. “Adani Group’s obvious accounting irregularities and sketchy dealings seem to be enabled by virtually non-existent financial controls.”

The effect was immediate and dramatic – the markets moved, entities divested, and Adani Group’s share value almost halved, a loss of about $74 billion. It became a global story, while Modi’s closeness with Gautam Adani was fiercely debated in the Indian parliament.

Adani Group’s response was bullish and very long – more than 400 pages. It emphatically denied any wrongdoing: “This [report] is rife with conflict of interest and intended only to create a false market in securities to enable Hindenburg, an admitted short-seller, to book massive financial gain through wrongful means at the cost of countless investors.”

Bravus, Adani’s Australian arm, which operates the Carmichael mine, added: “The Hindenburg Report presents transactions related to Adani’s Australian businesses in a misleading way to purposefully undermine the reputation of the Adani Group, in order to pursue their own profit by short-selling shares in Adani Group companies. All our businesses are Australian companies that comply with Australian corporations and securities legislation.”

Bob Brown, the former federal Greens leader, who led a convoy of protesters against the mine in 2019, told The Saturday Paper the report speaks for itself. “The markets don’t react like that to hollow or unsubstantiated reports,” he said. “Third-richest person on the planet, and he’s done that through extraordinary political contacts and a remarkable use of the courts to suppress criticism.”

Tim Buckley once worked as a senior equity analyst for Citigroup and Deutsche Bank – two of the world’s largest investment banks – before a spasm of disgust altered his career, prompting him to found Climate Energy Finance in 2022, a public interest think tank concerned with encouraging renewable energy. He has been a thorn in Adani’s side for years now. “What Hindenburg alleges is a $200 billion company expansively manipulating investors for over a decade,” he says. “It’s the largest con in world history, if what Hindenburg says is correct. I’ve spent a lot of time looking at the Wirecard fraud in Germany. That was a financial services operator, worth about $24 billion, so much smaller than Adani, and in that case the auditors were asleep at the wheel, and politicians and regulators endorsed their business model, and that’s precisely what Hindenburg is alleging here.

The fact that Hindenburg could lose money if its report was wrong or rebutted easily, was actually the biggest signal of its credibility.

Hindenburg Report Impact: MSCI to Cut Weighting of 4 Adani Companies


The companies within the Adani Group witnessed a significant fall in stock prices after an announcement by the MSCI that they would be reducing the amount of freely tradable shares in their calculation and cutting the weighting of the four companies in the Group in its indexes.

MSCI or Morgan Stanley Capital International is an investment research firm that provides stock indexes, portfolio risk, and performance analytics, and governance tools to institutional investors and hedge funds.

The decision by the MSCI comes in the wake of the report by Hindenburg Research, which has accused the conglomerate of improper use of offshore tax havens and stock manipulation. The Adani Group, in a long response, had denied any wrongdoing.

However, in the aftermath of the report, close to $110 billion have been wiped off the value of the group's main seven listed firms, according to Economic Times. The crisis seems to have worsened with the MSCI announcement. The changes it has announced are expected to be put into effect by the end of this month.

According to Money Control, the MSCI announcement has led to a fall of 8% for Adani Enterprises, 6.4% for Adani Total Gas, 5% each for Adani Transmission and Adani Power, 3% for Adani Wilmar, and 3%, 2%, 2.6%, and 0.3% for Adani Green Energy, ACC, NDTV, and Ambuja Cement.

The website cited a note by Nuvama Wealth Management and said that the weighting of Adani Enterprises will decrease by 30 basis points to 0.5% in the MSCI Global Standard Index. The note also stated that the weightings of the other three stocks will also decline, which could result in “around $500 million combined outflows from these stocks”.

French company TotalEnergies on Wednesday said that it has put on hold its participation in the Adani Group’s $50 billion (over Rs 4.12 lakh crore) hydrogen project after allegations of financial irregularities were raised against the conglomerate by United States-based firm Hindenburg Research, Reuters reported.
The partnership with Adani Group’s hydrogen venture was announced in June and TotalEnergies was slated to take a 25% stake in the project, according to The Economic Times. TotalEnergies is one of the biggest foreign investors in the Adani Group.

So far there has been no statement either from the government of India or the market regulator SEBI about the allegations regarding corporate governance issues in the group. 
Congress party holds nationwide protest

India's main opposition parties kicked off planned protests at state-run companies such as LIC and SBI which had invested a considerable amount in the Adani Group. 

The Congress party held nationwide protests over the Adani-Hindenburg row. Dozens of members of the main opposition party in India were detained by police during protests. Besides that, the parliament was also suspended again due to disruptions.  

However, the Adani Group in a strong rebuttal on January 26, dismissed all allegations and instead described the U.S.-based short-seller’s report as a “calculated attack on India” and its “judiciary and regulatory framework”. 

Meanwhile, according to the Bloomberg Billionaires Index, Gautam Adani, who was ranked third in the world’s richest billionaire list, has now dropped to 15th position.

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