Below is the press release on the Samvedana Anashan - Indefinite Fasting which will start on January 15. The first press conference was held in Pune last Tuesday, January 8.
This is the third campaign through fasting and hopefully, the same positive results are achieved.
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Samvedana Anashan - An Indefinite Fast from 15th Jan.2008.
There has been a discussion and actions taken against criminalisation of politics by the judiciary and the election commission. But the criminalisation of business and glorification of such business leaders is a completely ignored subject. We started the process by filing a criminal case against Mr. Anil Ambani. The aim of this fast is to create awareness about criminalisation of business in India. There is a great need to prosecute such persons. We also need to take effective steps to avoid recurrence of such cases.
This is our third fast campaign. A seven day fast was observed in Chennai, in 1998 to protest against the sports sponsorships by tobacco and alcohol companies, targeting our teenagers. In 2001, ITC withdrew all the sports sponsorships, including Wills Cricket Cup. A five-day 'calling attention' fast was observed in Pune, in 2001, for Safe Smooth and Environmentally Friendly Transportation Systems in our cities. The process for fundamentally changing urban mobility is under way now, giving priority to the pedestrians, cyclists and users of the public transport.
During the last 3-4 years, Indian stock markets have been growing into highly stretched valuations. At the same time there is a neglect of the public sector. It has resulted into idle funds of Rs 2,39,000 crores. Government, instead of using these funds for social investments, plans to put these funds into stock markets. Similarly the pension funds, provident funds are also being put into the stock markets, besides the ULIP insurance funds. Another proposal under the active consideration of SEBI, is to allow real estate investments by common people through units. We shall realise the real estate prices are highly inflated (confirmed even by the Reserve Bank of India ). The great plan seems to be to palm off the highly inflated assets to the naive entities. This is going to expose our long term savings to a great danger.
In 2001, Unit Trust of India got into a big trouble and government was required to support UTI through the budget. Our study shows that this time around the problem will be 15 to 20 times bigger.
Shekhar ( V M ) Raste
Convener,
Center For Holistic Human Development and
This is the third campaign through fasting and hopefully, the same positive results are achieved.
====================
Samvedana Anashan - An Indefinite Fast from 15th Jan.2008.
There has been a discussion and actions taken against criminalisation of politics by the judiciary and the election commission. But the criminalisation of business and glorification of such business leaders is a completely ignored subject. We started the process by filing a criminal case against Mr. Anil Ambani. The aim of this fast is to create awareness about criminalisation of business in India. There is a great need to prosecute such persons. We also need to take effective steps to avoid recurrence of such cases.
This is our third fast campaign. A seven day fast was observed in Chennai, in 1998 to protest against the sports sponsorships by tobacco and alcohol companies, targeting our teenagers. In 2001, ITC withdrew all the sports sponsorships, including Wills Cricket Cup. A five-day 'calling attention' fast was observed in Pune, in 2001, for Safe Smooth and Environmentally Friendly Transportation Systems in our cities. The process for fundamentally changing urban mobility is under way now, giving priority to the pedestrians, cyclists and users of the public transport.
During the last 3-4 years, Indian stock markets have been growing into highly stretched valuations. At the same time there is a neglect of the public sector. It has resulted into idle funds of Rs 2,39,000 crores. Government, instead of using these funds for social investments, plans to put these funds into stock markets. Similarly the pension funds, provident funds are also being put into the stock markets, besides the ULIP insurance funds. Another proposal under the active consideration of SEBI, is to allow real estate investments by common people through units. We shall realise the real estate prices are highly inflated (confirmed even by the Reserve Bank of India ). The great plan seems to be to palm off the highly inflated assets to the naive entities. This is going to expose our long term savings to a great danger.
In 2001, Unit Trust of India got into a big trouble and government was required to support UTI through the budget. Our study shows that this time around the problem will be 15 to 20 times bigger.
Shekhar ( V M ) Raste
Convener,
Center For Holistic Human Development and
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