https://www.telegraphindia.com/business/how-mumbai-is-left-at-the-mercy-of-adanis/cid/1920609?s=08 6.02.23 Extracts from the article.. The risks arise from the fierce collateral terms attached to the $1-billion Senior Secured Notes that Adani Electricity Mumbai Ltd (AEML) floated in February 2020 — just 18 months after the Adani group gained control of beleaguered tycoon Anil Ambani’s Reliance Infrastructure Ltd...The terms of the loan covenant are not widely known because AEML is an unlisted company — and that means the city of Mumbai, its financial regulators, financial institutions, banks and market authorities are possibly unaware of the powder keg they might be sitting on.
The private sector was allowed to enter the power transmission business only in 1991 even though a few players like CESC and Tata Power had been involved in generation and distribution for several decades.
Section 17(3) of the Electricity Act, 2003, says: “No licensee shall at any time assign his licence, or transfer his utility, or any part thereof, by sale, lease, exchange or otherwise without the prior approval of the Appropriate Commission.” .. It is hard to believe that the authorities could have envisaged a situation where the licence could be assigned to a bunch of creditors. The Adanis are probably the first power utility to assign their licence in the manner that they have done.
Comment: on Whatsapp.. For the last two months Bombay has been lit like a Christmas tree. First for one meeting of g20, then inauguration of one small segment of the metro by PM, and republic day.. new government etc... Wonder who is footing the bill to whom!!!!
There is more: the investors in the Notes also hold the rights to AEML’s transmission and distribution licences, issued by the Maharashtra Electricity Regulatory Commission (MERC)
Former Civil Servants Write to PM Modi About ‘Climate of Fear Among Christians’ https://thewire.in/rights/constitutional-conduct-group-modi-christians
Noting the "increasing incidents of outright discrimination against Christians", the Constitutional Conduct Group said the Union government is doing little to protect religious minorities.
The open letter was signed by 93 former civil servants under the Constitutional Conduct Group, saying that though the principal allegation against the Christian community is of forcible conversion, its share in the position has remained more or less around 2.3% since the 1951 census. “It is an unfortunate but inescapable fact that there are elements amongst us who may feel that the denigration of others enhances themselves”.
IIT Bombay suicide: Rights group says Solanki had told his sister about discrimination he faced at the institutehttps://www.mid-day.com/mumbai/mumbai-news/article/iit-bombay-suicide-rights-group-says-solanki-had-told-his-sister-about-discrimination-he-faced-at-the-institute-23273509 PUCL: Merely holding some individuals responsible for the acts of Caste discrimination and providing solutions within criminal justice system.. will only result in shifting the responsibility from society, Institutes and Governments to few individuals... but provides no way forward to strike at the roots of Caste discrimination.
The statement said that what is required is to provide the students from marginalized communities academic institutes which are determined to counter caste hierarchy by institutionalizing measures and mechanisms to create an atmosphere which is inclusive.
The rights group emphasized that in case of Darshan Solanki’s death the Special Investigation Team must be completely transparent in their functioning and provide all available information and statements of any persons concerning this enquiry with his parents.
For full statement https://drive.google.com/drive/folders/1EiGhAFu8Xpt0LApwfw90RiDyFdn-c_88
The statement calls for Enactment of a new legislation to respond to caste‐based discrimination in HEls at all India
level.
The primary focus and basis of such a legislation as to be:
• Explicit recognition of caste-based discrimination in educational institutions
• Places onus of providing a safe and secure environment on the management of the educational institutions
• Lay out a dedicated mechanism for redressal of complaints for every educational institution to abide by.
• Along with emphasising redressing acts of caste-based discrimination there must be an equal stress on creating awareness around caste discrimination and setting up of mechanisms to enable prevention.
• Processes under this legislation must involve all sections of people from the institution to implement this legislation, thus making this a shared responsibility of everyone.
• Persons from marginalised communities representing all sections of students and staff of the institution must form the majority of members on all committees made for the implementation of this act.
• These committees must also have participation of representatives of civil society members who have been active in anti-caste struggles.
BBC पर UK विदेशमंत्री से भिड़े जयशंकर, UK Foreign Minister vs S.Jai Shankar on BBC Documentary https://www.youtube.com/watch?v=GnV56T0lf54 DESH NEETI Mar 4, 2023
All entities must comply with laws, Jaishankar tells UK Foreign Minister on BBC tax ‘survey’ https://www.youtube.com/watch?v=q8MYLgpzxL8 https://www.tribuneindia.com/news/nation/uk-foreign-secretary-james-cleverly-raises-bbc-tax-issue-with-eam-jaishankar-484191 Last month, the Income-Tax authorities had carried out surveys at the BBC offices in New Delhi and Mumbai. The action by the tax authorities came immediately after the BBC released a documentary about the 2002 Gujarat riots which alleged inaction during the massacre by the then CM Narendra Modi.
‘Positive’ on India, UK ‘raises’ BBC https://www.telegraphindia.com/india/positive-on-india-britain-raises-bbc/cid/1919832 Indian sources said that when Cleverly brought the matter up, “he was firmly told that all entities operating in India must comply fully with relevant laws and regulations”. The Reuters news agency reported that Cleverly did not go into the details of what he said about the tax searches on the BBC.
“The conversations I had with him are best to keep with him. I did raise it,’’ Cleverly was quoted as saying. “One of the advantages of having such a strong and professional relationship with Dr Jaishankar is I am able to bring up, and indeed he brings up with me, some of these sensitive issues. I did raise it with him.”
Decoding the Adani Scam https://youtu.be/y07OMvvSMDg?t=965 Panel Discussion two hour long
watch Segments:
Opening Remarks: Feroze Mithiborwala, Writer, Social Activist https://youtube.com/embed/y07OMvvSMDg?start=1126&end=1455 This is not just about PMs role, but it is a matter of national sovereignty when a company is sold national resources and logistics. How do activists understand this.. five stage operation.. cooking up books of accounts, manipulation in the share markets through some entities buying shares, which enables higher loans from banks , which again round trip the capital. Prior to the Hindenberg report, journalist has written about the off shore companies involved.. Role of Adani in other countries like Srilanka, Bangalesh, Israel and facilitation of this through the PMs office.
Presidential Remarks by Dr. G G Parikh. https://youtu.be/4UMYPp0JhRw The gandhian path would be to get people and youth in large numbers. Can we get back to those ways. They feel that they can keep making mistakes, and people will forget. I dont think this can continue. Slowly a situation will arise when youth will come to the streets in a big way. Naya Jamana Ayega, Humari Republic bach Jayegi.
Paranjoy Guha Thakurta, Journalist, Author https://youtube.com/embed/y07OMvvSMDg?start=1797&end=1894 the Adani group has filed six cases against him, including two gag orders, but he chose to speak as silence was no more an option.
Six Defamation cases details https://youtube.com/embed/y07OMvvSMDg?start=3653&end=4405 Story of Resignation from EPW, Gag order after story on retirement of judges. Was PGT informer for Hindenberg?
About the Adani group. Its spectacular rise & precipitous fall : https://youtube.com/embed/y07OMvvSMDg?start=1895&end=2267 “The Adani group has expanded into many areas of business for which it has taken loans from various banks and even LIC. It is too big to fail but if it slows, it can certainly have an impact on the country,”
The Uniqueness of the Adani group . Never before has a corporate group spreads to so many sectors of the economy, and is dominant of many of the sectors. https://youtube.com/embed/y07OMvvSMDg?start=2267&end=3044 The story of the different started with the SEZ in Mundra during the Congress regime. which is now the biggest SEZ, biggest container port. and a chain of 12 ports all along the coast. The core of the india's infrastructure, including food storage infrastructure and defence military grade drone., importer of coal, nine coal mines in India has been rendered to the Adani Group.
Bangladesh project issue. https://youtube.com/embed/y07OMvvSMDg?start=3044&end=3177
Dominance in gas, solar, cement media, real estate, etc https://youtube.com/embed/y07OMvvSMDg?start=3179&end=3653
Real estate: more than 300 projects.. Dharavi included https://youtube.com/embed/y07OMvvSMDg?start=3393&end=3443
Family connections https://youtube.com/embed/y07OMvvSMDg?start=3443&end=3539
Ravi Nair, Journalist, Author
Bailable warrant from Mansa station in Gujarat. what was it all about https://youtube.com/embed/y07OMvvSMDg?start=4485&end=4726 . adani in aug 2021. Court used to send summons to an old address. They collated different tweet and different articles, most of the tweets are quotes from other articles with links. So what the original article is not defamatory, but tweeting it became defamatory!
government support to the group. https://youtube.com/embed/y07OMvvSMDg?start=4726&end=5356 “Adani calls his rise mehnat (hard work), mehnat and mehnat. But it is Prime Minister Modi who has worked hard for him,” said Nair. eg Godda power project. 2 MOUs for indian companies, to establish plants in Bangadesh. After 3 months the MOU changed to Adani project to build the plant in India, and export that power. For the project they forcibly took 2,000 acre of land from farmers to help them set up a power project. . Just before the 2019 elections this Godda area has been declared as an SEZ where he enjoys many tax exemptions,” “Bangladesh is paying more price to a private company who is exporting thermal electricity to them when India is not even a power surplus country.
The story of water being drawn from the ganga. environment clearaance? https://youtube.com/embed/y07OMvvSMDg?start=5356&end=5562 Then they wanted water from the Ganga which is 90 km away, so again they forcibly took more land.
Sri Lanka Story https://youtube.com/embed/y07OMvvSMDg?start=5563&end=5826 Modi govt. forced the Lanka govt to give this project to Adani.
In 2019 - PMO decided to privatised six airports. The story behind Mumbai airport. https://youtube.com/embed/y07OMvvSMDg?start=5827&end=6383 -
Offshore investments & SEBI investigations: https://youtube.com/embed/y07OMvvSMDg?start=6392&end=6941 “There were to be inquiries against the Foreign Portfolio investors who were investing only in his companies in India. SEBI was to inquire but where are the earlier reports? Now, SEBI will be inquiring again,”
Adv. Mihir Desai, PUCL https://youtube.com/embed/y07OMvvSMDg?start=8629&end=8878 Refers to the opinida article referenced below.. when you are talking about Adani you are not only talking about shares going up and down. You are talking baout large scale un-employment, about rights being taken away from Adivasi, you are talking about environment being de-graded. All these are human rights issues. and it is likely to affect the economy at large. and when you see the government also tweaking the Laws, that is something that needs to be answered by the government.
Here is what Opindia highlighted : https://www.opindia.com/2023/02/naxals-muslim-and-christian-groups-organise-event-on-adani-scam/
& Free Press ... Here's how Adani slowing down can have impact on India https://www.freepressjournal.in/mumbai/heres-how-adani-slowing-down-can-have-impact-on-india The slowing down will not just affect the economy of the country but can also lead to large-scale unemployment and the use of public money to bail it out, said the speakers. March 02, 2023 The Adani group has filed six cases against Paranjoy Guha Thakurta, including two gag orders, but he chose to speak as silence was no more an option. ...there has been a pattern in the rise of the Adani Conglomerate; a pattern in the filing of defamation cases against journalists who wrote against Adani, no publication of earlier enquiry reports in which Adani was accused and tweaking of government rules to favour Adani in getting airports where it had no experience.
Speakers said that the citizens of Bangladesh were against the terms and this could harm the relations between the two countries. In many cases, the speakers alleged that there was a lot of transfer of goods within the group itself. They further alleged that some of the companies were owned by relatives of Adani who are on the run for having defaulted on bank loans and their whereabouts are not even known.
We, the undersigned members of the filmmaking community in India, and supporters, are shocked to hear that the inaugural film festival organised by Film Society Ravenshaw at Ravenshaw University, Cuttack, was stopped from screening Debalina Majumder's Gay India Matrimony and Shabnam Virmani' s Had-Anhad.
Gay India Matrimony is a 2019 documentary which takes a tongue-in-cheek look at the problems and prospects of same-sex marriage in India, featuring the director herself and two others. Gay India Matrimony has been criticised by the opposing outfit Hari Om as "an attempt to corrupt the minds of yore ruth to steer away from family see values and tradition". In Had-Anhad (2008), Virmani traces the 15th century mystic poet Kabir's attachment with Ram, across the Indo-Pak border. In this case, Had-Anhad is charged with "romanticising the Indo-Pak right relationship".
Both films are well-known and have already been in circulation in film festivals and campuses in India and abroad. At a time when free speech is threatened across the country, journalists and mediamakers attacked, the forcible stoppage of the screenings of these two films only adds fuel to the rising intolerance in the country.
What is particularly dismaying is how an institute of higher learning, a University, finds documentary films that have been widely screened and acclaimed in many public fora unsuitable for its own students.
We are also appalled to hear that the outfit, Hari Om, objected to the screening of Pather Panchali (1955) by Oscar awardee and Bharat Ratna Satayjit Ray as "romanticising poverty in India" and to his equally classic cinematic work Charulata (1964) as "borderline incest". Such policing of Indian cinema through intimidation and threats of violence further shrinks the culture of free thinking and creativity. Universities and film societies are integral parts of our public spaces, their right to screen and discuss cinema needs to be upheld at all costs.
We strongly condemn this illegal vigilante action by self-appointed "guardians" of "morality" and culture.
We stand in solidarity with the filmmakers and the organisers of the film festival, and extend our unflinching support to them.
$1 trillion in the shade – the annual profits multinational corporations shift to tax havens continues to climb and climb https://theconversation.com/1-trillion-in-the-shade-the-annual-profits-multinational-corporations-shift-to-tax-havens-continues-to-climb-and-climb-200034 : February 23, 2023. By our reckoning, corporations shifted nearly US$1 trillion in profits earned outside of their home countries to tax havens in 2019, up from $616 billion in 2015, the year before the global tax haven plan was implemented by the group of 20 leading economies, also known as the G-20.
The Organization for Economic Cooperation and Development, a group of 37 democracies with market-based economies, developed a plan that consisted of 15 tangible actions it believed would significantly limit abusive corporate tax practices. These included creating a single set of international tax rules and cracking down on harmful tax practices. ..
following leaks like the Panama Papers and Paradise Papers – which shed light on dodgy corporate tax practices – public outrage led governments in the U.S. and Europe to initiate their own efforts to lower the incentive to shift profits to tax havens.
Our research shows all these efforts appear to have had little impact.
Adani and Modi | The Full Story of Fraud Allegations | Dhruv Rathee https://www.youtube.com/watch?v=sDEZSFNQmP0
2=3=2023. Prime Minister Narendra Modi has always been accused of having links with Adani. People claim that Modi has provided favours to Adani multiple times. But what are the exact allegations? Why do people connect Modi to Adani? And is there any truth behind these claims? Watch this video by Dhruv Rathee to find out as he deep dives into these claims and explains the truth behind them.
2:44 Adani’s contribution to country? https://www.youtube.com/watch?v=sDEZSFNQmP0&t=164s
5:40 Land Scam? https://www.youtube.com/watch?v=sDEZSFNQmP0&t=340s
8:18 Airport Scam? https://www.youtube.com/watch?v=sDEZSFNQmP0&t=498s
12:12 Coal Scam? https://www.youtube.com/watch?v=sDEZSFNQmP0&t=732s 15:32 Sri Lankan Port project https://www.youtube.com/watch?v=sDEZSFNQmP0&t=932s
16:55 Alleged Tax Evasion https://www.youtube.com/watch?v=sDEZSFNQmP0&t=1015s
20:05 Shell Companies https://www.youtube.com/watch?v=sDEZSFNQmP0&t=1205s
Surveillance & Clampdown: 'NGOs to be linked to central data hub with unique ID' https://www.newindianexpress.com/nation/2023/mar/02/surveillance--clampdown-ngos-to-be-linked-to-central-data-hub-with-unique-id-2552166.html
The MHA has directed the DGPs and IGPs of states and union territories to assign teams that are working in coordination with the central government wing to expedite the process of unique ID allocation
02nd March 2023
In India, while the NGOs registered under the Foreign Contribution Regulation Act (FCRA) are monitored by the MHA through a dedicated division, there are nearly 35 lakh NGOs which are not registered under the FCRA and are governed by nearly 40 different laws like the Society registration Act, The Companies Act, Public Trust Act and others, and are usually governed by the laws of the states.
“There have been instances, however, where both categories of NGOs have been indulging in violations like diversion of funds and money laundering,” ministry sources claimed.
As a result, the regulatory mechanism for all FCRA and non-FCRA are also being relooked into at the moment, while the process to link them centrally is being worked out.
100 Days agitation by 100 workers per day demanding 100 days’ work without hitches - Centre for Financial Accountability (cenfa.org) https://www.cenfa.org/100-days-agitation/ The World Bank which once called the scheme as ‘a barrier to development’ later lauded it as world’s largest social security scheme.
This Govt which was cynical of the scheme continued it because of the Covid 19 pandemic during which the migrant workers who walked home hundreds of kilometres could be given at least some days of work.
Now the workers organised under MGNREGA Sangarsh Morcha, a National Collective of Trade Unions are on Dharna at Jantar Mantar. They have decided that everyday 100 workers from different states will assemble at Delhi for 100 days continuously to press for various demands which include:
- Stop mandatory linking of the Job Card with Aadhar Card and Bank Account. Even if there is a single mistake in one of them it is difficult to correct the link.
From February 1st 2023 payments to MGNREGS beneficiaries were to be made only through Aadhar Based Payment System (ABPS). However as on 20th February, only 44% of total workers registered under the scheme were eligible as per The Hindu dated 27.02.2023.
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