Tuesday, October 23

Interview with an Islamist Leader in Kashmir, India

Received via email on this yahoogroup. This is very interesting and provides fascinating perspectives on one of the major Islamist ideologues in Kashmir who supports Islamist violence in India. This should be read and referenced frequently as this is one of the views of the animal we are battling.

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Sayyed Ali Gilani, formerly with the Jamaat-e Islami
of Jammu and Kashmir, is a veteran Kashmiri
politician. Presently, he heads the Tehrik-e
Hurriyat-e Jammu Kashmir. In this interview with
Yoginder Sikand, he talks about his views on the
Kashmir conflict and its possible solution.
Q: In your writings, and in those of other similar
Islamist ideologues, the Kashmir conflict is often
described as a war between Islam and ‘disbelief’. Do
you really think it is so? Is it not a political
struggle or a nationalist struggle, actually?
A: The Kashmir dispute is a fall-out of the Partition
of India. The Muslim-majority parts of British India
became Pakistan, and the Hindu-majority regions became
the Dominion of India. There were, at that time, some
575 princely states in India under indirect British
rule. Lord Mountbatten gave them the choice of joining
either India and Pakistan, and instructed that their
choice must be guided by the religious composition of
their populace as well as by the borders they might
share with either India or Pakistan.
On this basis, almost all the princely states opted
for either India or Pakistan. There were, however,
three exceptions to this. Hyderabad, a Hindu-majority
state with a Muslim ruler, opted for independence, but
India argued against this on the grounds that the
state had a Hindu majority, and so ordered the Police
Action to incorporate the state into the Indian
Dominion. Junagadh, another Hindu-majority state with
a Muslim ruler, opted for Pakistan, but India
over-ruled this decision, again on account of the
state’s Hindu majority, and annexed it. If India had
adopted the same principle in the case of Jammu and
Kashmir, a Muslim-majority state with a Hindu ruler,
there would have been no conflict over Kashmir. After
all, more than 85% of the population of the state at
that time were Muslims; the major rivers in the state
flowed into Pakistan; the state shared a border of
over 750 kilometres with Pakistan; the only motorable
road connecting Kashmir with the outside world
throughout the year passed from Srinagar to
Rawalpindi; and the majority of the people of the
state had cultural and historical ties with the people
of Pakistan.
However, over-ruling these factors, which would have
made Jammu and Kashmir a natural part of Pakistan, in
October 1947 the Indian Army entered the state in the
guise of flushing out the Pathan tribesmen, who had
crossed into Kashmir in the wake of large-scale
killings of Muslims in Rajouri and Poonch. Using this
incursion an excuse, Hari Singh, the ruler of Kashmir,
engineered the intrusion of Indian forces. The British
scholar Alistair Lamb says that the so-called
Instrument of Accession was itself fraudulent and that
Hari Singh did not even sign it.
Thereafter, India itself took the issue of Kashmir to
the Untied Nations. The UN passed some eighteen
resolutions related to Kashmir, recognizing the status
of the state as disputed and calling for a resolution
of the conflict based on the will of the people of the
state, which the first Indian Prime Minister,
Jawaharlal Nehru, himself also publicly promised. Now,
all that the people of Jammu and Kashmir are saying is
that India should live up to this promise that it made
of holding a plebiscite in accordance with the UN
resolutions. So, this is the basic issue.
Q: So, aren’t you here saying that the conflict is
essentially political, not religious?
A: For a Muslim, no action is permissible which is
against Islam. How can we say that the sacrifices that
the Muslims of Kashmir make, the tortures that they
suffer and the martyrdom that they meet have nothing
to do with Islam, and that they won’t be rewarded by
God for this? In this sense, it is a religious issue
also. Islam teaches that Muslims must follow the
guidance of Islam in every action of theirs—not just
in prayers but also in matters such as war and peace,
trade, international relations and so on, because
Islam is a complete way of life. If a true Muslim
participates in any struggle, it is for the sake of
Islam. So, how can you say that the Kashmir conflict
has nothing to do with religion?
Q: This might be true in theory, but surely many
Kashmiris who are involved in the movement might be
motivated by other factors, including for economic and
political reasons, or also due to a commitment to
Kashmiri nationalism, as distinct from Islam?
A: I agree that there may be various reasons why
different people participate in the movement. Yes,
there can be many who do not adopt the guidance of
Islam in this regard. They might champion secular
democracy and irreligiousness. Their sacrifices might
be motivated by nationalism or ethnicity, rather than
Islam. They might have no problem with the system of
governance in India, their opposition to Indian rule
being simply because of the brutalities of Indian
occupation. Of course, one cannot say that all
Kashmiri Muslims think alike. But I am speaking from
the point of view of a practicing Muslim, whoa accepts
Islam as a complete way of life. For such
self-conscious Kashmiri Muslims, it is undoubtedly a
religious issue and their sacrifices are for the sake
of the faith.
Q: Maulana Maududi, the founder of the Jamaat-e
Islami, who is a major source of inspiration for you,
opposed the creation of Pakistan. So, then, why is
that that you have consistently been advocating
Kashmir’s union with Pakistan?
A: You are wrong here. Maulana Maududi was not opposed
to the creation of Pakistan and to the ‘two nation’
theory. What he was opposed to was the practice of the
Muslim League leaders, who were leading the movement
for Pakistan. He told them that they talked of the
‘two-nation’ theory and Islam, but were not serious
about establishing an Islamic state in Pakistan. They
were not preparing the activists of the League for an
Islamic state. Maulana Maududi wanted Pakistan to be
an Islamic state, and this was the grounds for his
opposition to the Muslim League. But he, like the
League, supported the ‘two-nation’ theory. In fact,
the League did not have any theoretical justification
for its ‘two nation’ theory until this was provided by
Maulana Maududi through his copious writings.
Q: But do you really see Indian Hindus and Muslims as
two separate ‘nations’? After all, they share so much
in common.
A: They are totally separate nations. There is no
doubt at all about this. Muslims believe in just one
God, but Hindus have crores of gods.
Q: But the Prophet Muhammad, in his treaty with the
Jews and other non-Muslims of Medina, described the
denizens of Medina as members of one nation. The
leader of the Jamiat ul-Ulema-i Hind and a leading
Deobandi scholar, Maulana Husain Ahmad Madani, even
wrote a book to argue against the League’s ‘two
nation’ theory, stressing a composite Indian
nationalism that embraced all the people of India. So,
how can the Muslims and Hindus of one country be
considered separate ‘nations’ even by Islamic
standards?
A: Islam lays down that in an Islamic system (nizam),
all non-Muslims, including even atheists, will get
equality, justice, security of life and property and
freedom of faith. Maulana Madani’s arguments were
critiqued by Maulana Maududi.
Q: In your prison memoirs, Rudad-e Qafs, you write
that ‘It is as difficult for a Muslim to live in a
non-Muslim society as it is for a fish to live in a
desert’. But how can this be so? After all, the
pioneers of Islam in India and in Kashmir itself,
mainly Sufi saints, lived and preached in a society in
which Muslims were a very small minority.
A: I meant to say this in a particular sense. Islam,
as I said, is a complete way of life. No other path is
acceptable to God. So, in the absence of an Islamic
polity, it is difficult for Muslims to lead their
lives entirely in accordance with the rules of Islam,
which apply to social affairs as much as they do to
personal affairs. For instance, Muslims in Kashmir
under Indian rule live in a system where alcohol,
interest and immorality are rife, so how can we lead
our lives completely in accordance with Islam? Of
course, Muslim minorities are Muslims, too, but their
duty must be to work to establish an Islamic
dispensation in the lands where they live so that they
can lead their lives fully in accordance with Islam
and its laws. Missionary work to spread Islam is as
much of a duty as is praying and giving alms to the
poor.
Now, as for your question about those Sufis who lived
and worked in societies where Muslims were in a
minority—they may have been pious people, but we take
as our only model the Prophet Muhammad.
Q: But, surely, no one is forced to drink alcohol,
deal in interest or act immorally in Kashmir?
A: True, but these things automatically spread since
they are allowed by the present un-Islamic system. So
that is why you see the degeneration of our culture
and values happening on such a large scale.
Q: You mentioned about preaching Islam being a
principal duty of all Muslims. But, surely, for this
you need a climate of peace, not of active hostility,
as in Kashmir today?
A: Absolutely. I agree with you entirely. No one can
deny this. We need to have good relations with people
of other communities. Only then can we communicate the
message of Islam to them. But if one side continues to
oppress the other and heap injustices and says that
this should be considered as peace, how can it be
accepted? If, for instance, Narendra Modi says that
what happened [with the Muslims] in Gujarat represents
peace, how can it be? If India stations lakhs of
troops in Kashmir and says this is for establishing
peace, how can it be, because these troops themselves
are disturbing the peace?
Q: You, and other Islamist ideologues such as
yourself, have consistently been advocating an Islamic
state, seeing this as an indispensable Islamic duty.
To your mind, which is the best functioning Islamic
state in the world today?
A: The world-wide Muslim community (ummah) is today in
such a sorry state that there is no Islamic state
anywhere in the real sense. Saudi Arabia is described
as an Islamic state, but it is run by a monarchy, and
monarchy has no sanction in Islam. If Muslim
countries, including those that claim to be ‘Islamic’,
were truly Islamic states they would never have been
enslaved to America, as is the case today. They all
support America’s policies and adopt its dictates.
They are completely, on all accounts, dependent on
America. They cannot even defend themselves. They have
to rely on America and Europe to do this. They keep
their money in American banks. We say that they should
use their wealth to empower themselves and get out of
America’s clutches and convert themselves into genuine
Islamic states.
Q: In the wake of the attacks of 11 September, 2001,
how do you see the impact of American pressure on Arab
states, such as Saudi Arabia, to change their position
on Islamist movements?
A: The events of September 2001 have caused most
Muslim states to change their policies and toe
America’s line even more closely. You can see this
happening in Afghanistan and Pakistan. The only Muslim
country that refuses to cave under American pressure
is Iran.
Q: And now America is seeking an excuse to attack
Iran.
A: Yes. America is trying to stoke Shia-Sunni
rivalries in order to undermine Iran. It is trying all
other such weapons, dividing the Muslims on the basis
of sect, nationality, race and ethnicity against each
other so as to weaken them. And the leaders of most
Muslim countries are now playing the role of agents of
the USA, be they Karzai in Afghanistan, Musharraf in
Pakistan, Mahmoud Abbas in Palestine or the Saudi
monarchs.
Take the case of Pakistan. Some months ago, American
forces bombed a village in the country’s North-West
Frontier Province, as a result of which some eighty
people were martyred, including around thirty
religious scholars. Pakistan’s present rulers are so
beholden to America that at first they did not
acknowledge that the Americans were behind the attack.
Only later, under pressure, were they forced to admit
this. Likewise, the Lal Masjid fiasco in Islamabad was
stage-managed in order to please the Americans. See
what’s happening in Waziristan, the Frontier Province
and Baluchistan. A climate is being deliberately
created in those parts of Pakistan to justify American
attacks and bombings in the name of flushing out
militants, and Musharraf and Karazi are key players in
this scheme.
Q: If Pakistan is now so pro-American, acting against
its own people, and if it is not an Islamic state,
then why have you been advocating Kashmir’s union with
it?
A: As I said earlier, the Muslim League claimed that
Pakistan was got in the name of Islam, but it did not
give its cadre training to establish an Islamic state
there. Because of this, the influence of the Army and
the country’s Westernised leadership, Pakistan failed
to become an Islamic state. But it was meant to
become such a state, which is something that we want.
So, if the people of Jammu and Kashmir were given the
right to decide between India and Pakistan, the
majority, I think, would prefer the former.
Yes, there are weaknesses in Pakistan, but these can
be addressed. India has a secular system, which we
can, under no condition, accept. Because of the
oppression that we have been suffering under Indian
rule for the last sixty years, how can we opt for
India? In just a few weeks, in late 1947, some five
lakh Muslims were killed by Dogra forces and Hindu
chauvinists in Jammu. In the last seventeen years,
over one lakh Kashmiri Muslims, mainly innocent
civilians, have been killed. So many localities have
been burned down, women raped and men rendered
missing. After such brutal experiences, only a blind
person would opt in favour of India.
Q: Many Kashmiri Muslims would rather be independent
than join India or Pakistan. Do you agree?
A: The UN resolutions provide for only two options:
joining India or Pakistan, and if this rule is
followed then the majority would, I think, opt for
Pakistan. However, if the three parties to the
dispute—Pakistan, India and the people of Jammu and
Kashmir—come to a consensus on an independent Jammu
and Kashmir, then, as I have repeatedly said, we will
accept that formula also.
Q: In some of your writings you have argued against
Kashmir being an independent state, even claiming that
this is an Indian ‘ploy’. Can you elaborate?
A: This is true. It is an Indian ploy, because India
does not want to see Pakistan strengthened, which it
would be if Jammu and Kashmir joins Pakistan. The
slogan of Azadi (‘Independence’) is aimed at weakening
Pakistan. Independence would result in a territory
that would have been a natural part of Pakistan being
taken away from it. But then, compared to staying with
India, independence is a lesser evil.
Q: Many Kashmiris, seeing the current political and
economic troubles in Pakistan, might say that they
would prefer to be independent.
A: If we get independence, we will accept it.
Q: What if most people of Jammu and Kashmir wish to
live in a secular or democratic set-up, and not a
Taliban-style ‘Islamic’ state?
A: We don’t want to bring Taliban-type Islam, but the
real Islam of the Quran and the Practice (Sunnah) of
the Prophet.
Q: But the Taliban argued that their state was in
accordance with the Quran and the Sunnah.
A: To claim something is different from acting on that
claim. For instance, while Islam makes it a duty for
every Muslim male and female to acquire education, as
soon as the Taliban came to power they banned girls’
education. What they should have done, instead, was to
set up separate schools for girls. So, like this,
there are many issues on which we can differ. The
Islamic state that we would like to establish in Jammu
and Kashmir would be one based on the understanding
that all of humanity are children of the same primal
parents, Adam and Eve. They will all be treated
equally and justly. There shall be no discrimination
based on religion. After all, the Prophet once
remarked that all creatures are of the family of God
and that the best is he who treats members of God’s
family—which obviously includes non-Muslims, too—in
the best way
Q: You advocate Kashmir’s accession to Pakistan, but
today minority nationalities in Pakistan, such as the
Baluchis and the Sindhis, suffering under Punjabi
domination, are struggling for independence. Might not
the same thing happen to the Kashmiris if the state
were to join Pakistan?
A: We want to be join Pakistan, not be absorbed into
it. We would have internal autonomy.
Q: But, surely, despite Pakistan’s claims, the part of
Jammu and Kashmir under its control—‘Azad
Kashmir’—lacks real autonomy?
A: Yes, Azad Kashmir cannot be said to be really
autonomous since there, too, everything happens
according to the wishes and directions of the Federal
Government. But we would make sure that our autonomy
be written into the Constitution.
Q: Do you see any significant changes in Pakistan’s
policies vis-à-vis Kashmir in recent years, perhaps
under American pressure?
A: Yes, considerable changes can be noticed. Earlier,
Pakistan used to insist on the right to
self-determination for the people of Jammu and
Kashmir. Musharraf was the first to change this,
arguing for a solution outside that of the UN
resolutions, an out-of-the-box solution. This
constituted the first deviation in Pakistan’s Kashmir
policy. Then, Musharraf began talking of seven zones
in Jammu and Kashmir, soft borders and his four-point
formula, which is nothing but a means to preserve the
status quo.
Q: How do you respond to media allegations that the
Kashmiri movement for self-determination is
‘anti-Hindu’?
A: How can our struggle be called ‘anti-Hindu’? It is
a struggle for certain principles. In Hindu mythology,
when the Kauravas and the Pandavas, cousins of each
other, were arrayed against each other on the
battlefield, Arjun turned to Krishanji Maharaj, and
told him that he could not bear to fight his own
brothers. Why, he asked him, was he asking him to
fight them? He wanted to refuse to fight. But, then,
Krishanji Maharaj said, ‘Arjun, this is a battle for
certain principles. In this, do not consider the fact
that those who are opposed to you are your relatives’.
We Kashmiris, too, have such a battle for certain
principles with the Indian Government for occupying us
against our will and not acting on its promise to let
us decide our own political future. It is not a war
against Hindus or the people of India. It is not a
communal conflict. In fact, there are many Indians who
support our stand on the right to self-determination.
Q: Then why is it that the Indian media, and large
sections of the Western media, too, present the
movement as ‘Islamic extremism’ or ‘terrorism’?
A: The Indian media is bound to support India’s
military occupation. How can you expect it to support
our cause? I’ve seen so many massacres by the Indian
Army here, but often the media describes them as
‘encounters’ with ‘militants’. You know how the agents
of the Indian Army engineered the massacre of so many
innocent Sikhs in Chhatisinghpora and falsely
attributed this to ‘militants’, in order to convey the
misleading message to the then American President,
Bill Clinton, at that time on a visit to India, that
our struggle is a ‘communal’ one, and not a freedom
movement. I can cite so many more such cases to prove
this point.
Q: But, if that is so, why is it that you and people
like you have not condemned killings by militants in
the same way as you condemn similar crimes by the
Indian Army?
A: Wherever such incidents have happened, we have
condemned them, irrespective of the religion of the
victims. The Quran clearly states that enmity with a
people should not make one stray from the path of
justice, because justice is closer to piety.
Q: If Jammu and Kashmir becomes independent, how do
you envisage its relations with India and Pakistan?
A: It should have brotherly relations with both
countries.
Q: Some radical groups active in Kashmir argue that
all Hindus are ‘enemies’ of Islam. What do you feel?
A: No, this is not so. There should be no enmity or
discrimination with anyone simply because of his
religion, caste, race, colour or country. We are
permitted to fight only those individuals who fight us
or place hurdles in the path of our faith. With others
we should have good relations, and that applies to our
relations with ordinary Hindus as well. So, when some
people argue that as a community the Hindus are
‘enemies of Islam’, it is wrong. It is not an Islamic
way of thinking.
Q: Certain militant groups active in Kashmir say that
they will not stop their war with India until India
itself is ‘absorbed’ into Pakistan and the Pakistani
flag flies atop Delhi’s Red Fort. What is your
opinion?
A: This is emotional talk and should not be paid
attention to. We don’t agree with this argument. Our
fight with India is only to the extent that India has
taken away our right to self-determination. Once we
win that right we will have no problem with India. In
fact, if by exercising this right the majority of the
people of Jammu and Kashmir say that they want to be
with India, we will also accept that.
Q: But don’t you feel certain radical groups active in
Kashmir who preach hatred against Hindus and call for
India’s ‘absorption’ into Pakistan are actually
defaming the religion whose cause they claim to
champion?
A: Islam has been given a bad name more by Muslims
themselves and less by Hindus. Islam has been damaged
less by open ‘disbelief’ (kufr) than by hidden
hypocrisy (munafiqat), by people who claim to be
Muslims but are really not so in practice. You can
see, for instance, what people like Karzai, Musharraf
and other pro-American rulers are doing. They are
killing Muslims and destroying mosques.
Q: So, would you agree that these groups who condemn
all Hindus as ‘enemies’ are actually misinterpreting
Islam?
A: We cannot take responsibility for what others say.
You can ask these people yourself.
Q: What message do you have for the people of India?
A: I will only say that India should honour its
promise to the people of Jammu and Kashmir to let them
decide their own political future. Honouring one’s
promise is a major principle of the Hindu religion.
Raja Dasharath, honouring the promise he made to his
wife Kaikeyi, gave his throne to his son Bharat and
ordered Ram Chandraji to go into the forest in exile.
Simply in order to keep his promise he sent his elder
son to fourteen years in the forest and gave the
throne to Bharat instead. Bharat was a man of
character and so he placed Ram Chandraji’s sandals on
the throne, believing that his elder brother deserved
to rule. So, the Hindu religion teaches that one
should live up to one’s promises, and if India were to
act on the advice of the Hindu scriptures in this
regard on the issue of Kashmir the conflict will be
solved.
Sukhia Sab Sansar Khaye Aur Soye
Dukhia Das Kabir Jagey Aur Roye
The world is 'happy', eating and sleeping
The forlorn Kabir Das is awake and weeping

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A blow FOR European Minority Shareholders

Now this is indeed a good step, the European Court of Justice has overturned a law which protected Volkswagen from hostile takeovers. While this is not going to make an immediate difference, but this is still an important step in the annals of European Corporate Governance.

This idea of national champions is frankly silly. If its not car making in Germany, its bloody yogurt manufacturing in France.

Minority shareholders are massively overlooked and I do think that the 1 share 1 vote principle should be pushed a bit more.

Loved this to bits, wonderful repartee'

Read this full article if you can, its just brilliant. I am so jealous, I can never be quick like this!

Look who's sneering


One of the most childish and irritating of retorts has become a setpiece of diplomatic repartee
Geoffrey Wheatcroft
Tuesday October 16, 2007
The Guardian

Of all human instincts, not even the urge to say "I told you so" is stronger than the response called tu quoque: "Look who's talking." To judge from children, it is innate ("Cathy says you took her chocolate," "Yes but she stole my doll"), and we don't grow out of it, to judge by politicians in one country or another who are positively addicted to the tu quoque

There has just been a real collector's item. France has led calls for pressure to be put on the Burmese junta at the security council and through the EU, where foreign ministers discussed the issue yesterday. As part of the push it has tried to enlist a recalcitrant Russia which, conscious perhaps of Chechnya, has no great wish to be seen criticising anyone else's internal affairs. Hence a Russian minister's response that the next time there were riots in France he would refer the matter to the UN.

This reply was at once childish, irrelevant, and probably very gratifying. Even those who bridled at Nicolas Sarkozy's conduct during the banlieue riots two years ago - when he said that the rioters were racaille, or rabble, who should be blasted away with high-pressure hoses - can scarcely suppose that comparing this with what's happening on the streets of Rangoon is like with like, but the "look who's talking" is rarely susceptible to reason.

Then again, the tu quoque biter is sometimes bit, and the French have their own talent in this regard, as Sarkozy's predecessor, Jacques Chirac, showed. When the Americans were yet again instructing the EU to admit Turkey, Chirac said this was no more Bush's business than it would be his to tell Bush how to deal with Mexico. In a way it wasn't a bad point, but it didn't really address the pros and cons of Turkish admission.

All this has a very long history. Gladstone was the most high-minded, and sometimes self-righteous, of Victorian statesmen, and liked to lecture foreign rulers such as Prince Schwarzenberg about Austrian misrule of subject peoples. Schwarzenberg was quick-witted enough to make the obvious retort: Ireland. The British were always vulnerable to the charge of hypocrisy when they proclaimed the merits of parliamentary democracy while expanding their empire, until the Americans conveniently took over the role.

During the war, when Roosevelt chided Churchill about the Raj, Churchill had his own tu quoque to hand: the fate of Native Americans. And when an American made a sneering remark about British colonial conquest in the early 19th century, a British diplomat retorted: "That would be about the time of the Mexican war, wouldn't it?"

By the time the US was entering its own hegemonic age, the evils of communism and colonialism were denounced by idealistic meddlers of the type Graham Greene depicted in The Quiet American, but they were always liable to be reminded of Jim Crow and the lynch mob.

A further refinement comes when tu quoque turns into ignoratio elenchi, the term in logic for refuting a proposition that has not been advanced, and if that sounds recondite, you can be sure you've heard it in practice. ("You were drunk again last night." "And your mother's an ugly cow." The latter statement may be accurate, but it does not address the former proposition.) When reporting from Johannesburg 25 years ago, I well remember how, if you mentioned conditions in the townships to well-meaning white South Africans, they would say "But have you seen the slums of Nairobi and Addis Ababa?", to which the answer was: "Yes, actually, but we weren't talking about Addis or Nairobi, we were talking about Soweto."

In Soviet Russia this was so much a part of official rhetoric that it was turned into one of the classic jokes associated with the (in every sense) legendary Radio Armenia station. A caller-in asks the programme's political expert "What is the average wage of an industrial worker in the US?" After a very long pause the answer comes: "They kill negroes."

But nowhere is the tu quoque so popular as in the endless, exhausting debates about the Israeli-Palestinian conflict. When I reluctantly took part as a witness in The Moral Maze (a programme that has always irritated me, from its name on), Michael Gove, the bumptious columnist turned Tory MP, thought he was ambushing me by asking: "Tell me, why is Israel so much more criticised for what it does in Gaza than China for what it does in Tibet?"

Stifling the reply "What an effing silly question you tiresome little tick", I muttered something about how the answer would take too long, but anyway two wrongs don't make a right. And yet, although we're meant to be taught that early on, the inner child will always want to retort: "Look who's talking!" wheaty@compuserve.com

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When the BRICs go marching by

Here is another bit of news to show that the BRICs are really powering ahead. I quote:

Record levels of initial public offerings in emerging economies offset declines elsewhere and helped support the global new issues market in the third quarter, according to a report on the sector by Ernst & Young on Tuesday.

Nearly half of the $57bn raised globally by IPOs in the latest quarter was by companies in the so-called “Bric” countries of Brazil, Russia, India and China, which produced a record 118 IPOs.

Seven out of the top 10 IPOs in the third quarter were from emerging markets. The Asia-Pacific – led by China and Hong Kong – had the lion’s share in terms of both the number of IPOs completed and the total capital raised.

In contrast to the rising activity in emerging markets, IPO volumes by developed markets have declined, possibly because of the uncertainty caused by the credit squeeze, the E&Y report said.

Overall global IPO volume fell by 36 per cent to $57bn raised in the third quarter from $89bn raised in the second – though the amount was still more than the $45bn raised in the third quarter last year.

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Mozambique's former leader wins award

Now this is indeed good news mixed with a bit of sad as well. The good news is that Joaquim Chissano, the ex-President of Mozambique, has been awarded a Leadership award. This award is meant for people who come into power through elections and then hand over power to a freely elected successor. The good thing is that there is one person who was found worthy enough to win this award. The sad bit is that most of the rest of the lot are such a venal, thieving corrupt lot (and if they aren't venal, corrupt and thieving, they are simply stupid like Mbeki).

But hey, lets clutch at straws! I quote:

Kofi Annan, former UN secretary-general who chaired the selection panel and announced the winner, said this showed the continuing dynamism of a man who had become a role model for the continent, making peace with his own rebel adversaries in 1992 and going on to establish democracy and the beginnings of economic recovery.

"This remarkable reconciliation between opponents provides a shining example to the rest of the world and is testament to both his [Chissano's] strength of character and his leadership," Mr Annan said.

"His decision not to seek a third presidential term reinforced Mozambique's democratic maturity and demonstrated that institutions and the democratic process were more important than personalities," he added.

In 2005, Mr Chissano retired after 18 years with his reputation intact, making him a relative rarity among his African peers.

He was picked from a shortlist of 11 heads of state who stood or fell down in the past three years. More than half of them took power in coups and were therefore ineligible.

Mr Chissano cut his teeth in the war against Mozambique's Portuguese colonisers, becoming head of state when his predecessor died in an air crash in 1988.

Under his rule Mozambique went from being a Marxist, single-party state at war with itself, to a multi-party democracy, still among the world's poorest countries but at peace and with a free-wheeling economy among Africa's fastest growing.

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More corruption in India

Here we go again. 18,000 police officers fraudently and illegally hired under extremely corrupt circumstances by the outgoing adminstration. And then fired without due process by the new incoming administration. And again more will be hired under equally corrupt circumstances. Uttar Pradesh, a desparately poor state in North India, the most populous state having hundreds of millions of people, suffering from the most appalling environmental degradation, lack of facilities, bad health, disgusting place. Regularly appears on the bottom of every development ranking and top of the all the negative ranking factors.


Now between the outgoing and incoming Chief Ministers of the state, they have made an already pathetic place into a hell hole. These chief ministers are basically thieves and thugs. And do not think that it has anything to do with religion. Both high and low Hindu caste leaders actually belong to the same class, the criminal class. The fact that they have not been arrested is also another sad indictment of the Indian Legal System, but that does not mean that they are not corrupt, they are, they are absolutely the filth, the literal night soil of the country.


But I suppose that's democracy for you, you get the leaders you deserve. But slowly these thieves and goons will have their day in court. If nothing else, mate, you will not enjoy your ill-gotten gains, the world is becoming more and more open, transparent and people are slowly getting less patient with corruption.


But still, read and weep! And may the fleas of 1000 mangy dogs infest these corrupt thieves.


All this to be taken with a grain of piquant salt!!!


Monday, October 22

A small hidden London Church


I had some time before my meeting and I popped into Cafe Nero to grab a Latte. And then idly looked outside and spotted this statue. I popped out and tried to make sense of an inscription at the bottom of the statue. I am not sure if its clear but it says, Mary of Nazareth, by Sir Charles Wheeler PRA. presented in 1975. Strangely enough, the inscription at the bottom, just shadowed by the table, says, This Garden Opened by Her Majesty the Queen Mary, May 12, 1946. Confusing or what?

Then I noticed this plaque on the wall. The church was built by Sir Christopher Wren and consecrated on July 13th, 1684.

Walking a bit more, and on the left was this little fountain, and the wall behind it says, Viscount Southwood.

Some shots of the church, pretty old, mouldy walls.

But this is what was interesting; I noticed the tree, it is a bit strange when all the rest of the trees are going all red and golden, this tree was still green.

and then noticed this plaque hanging on the wall. It says, This is the St. James's Church Indian Bean Tree and one of the Great Trees of London. Catalpa Bignonioides. Its not that Indian, its the Red Indian bit.

I like this tree, it looks like a tree, it has that gnarled look about it, a feeling of antiquity, it has stood here for decades and has sunk roots deep into the soil, despite it being an import (something like me) and now it is part of the landscape. I felt like touching it and whispering a prayer to the tree god. So I did! :)

Then moved out and this is what I found poignant. They looked like normal pavement stones, but on closer observation, they were actually memorial stones. Some were mounted on the wall, and you couldn't read anything, the inscriptions were all worn away.

There were only 2 gravestones which one could make out.

One was simply JH 1812. The one on the left says, Sacred to the Memory of Mary Ann Noel, who departed this life October 23rd, 1831 aged 31 years. Also Meanne Noel, Mother of the Above, who died April 2?, 1843, aged 60 years. So a mother and daughter lie together (I hope). The mother obviously died later than her daughter, but that is the saddest thing, to have your child die before you. And because they were put on the ground, these (sandstone??) paving stones are getting worn away. In due time, these inscriptions will be worn away as well and then who will remember her? They are not on Google either. And I appeared at her grave exactly 176 years but 1 day later. Now is that amazing or is that?

and walking back outside, here was the official board of the church.

Made me a bit pensive, this city is amazing, just needs an eye open and camera at the ready!

The rioting by Moroccans in Netherlands

I have been speaking with few of my Dutch friends and they are quite worried about the rioting which is happening in Amsterdam. I wrote about this earlier here about how Netherlands is getting hit by Islamist violence and terrorism and as it seems, the impact is getting further widespread.

But there is a different angle as well. Shri Ashok Chowgule kindly forwarded me this news story by an Indian Journalist talking about the Indians in Netherlands. Very thought provoking. Some extracts:

India is shining in the Netherlands which covets its market and workforce. But Dutch society is in ferment over immigration, which begs the question: How long before the Indian workforce faces the integration test?

Yet the queen, accompanied by the CEOs of eight Dutch companies, is to visit India after 21 years. The interregnum is when India, in the eyes of the Netherlands, changed from being a pre-liberalisation basket case to a post-liberalisation economic wunderkind coveted for its market and knowledge workforce. A Dutch official put it candidly: "We need a market
and a workforce. You need investments and employment avenues. We both win."


The perceived attractions of emerging India have in fact meant a relaxation in the till-now tight Dutch immigration policy. In March this year, the Social and Economic Council of Netherlands advised changing the labour migration policy - from a strict "no, unless" to a more
lenient "yes, provided that." Yet it is not a uniform lowering of barriers. The "yes" policy is reserved for knowledge and highly skilled workers, both of whom are in plentiful supply in India. Dutch Foreign Minister Maxime Verhagen confirmed to the Indian press group that visa
and permit procedures had been accelerated for these categories; indeed that Indians already accounted for 30 per cent of skilled migrants into Holland.


Obviously, the policy continues to tilt towards a "no" for the lower-end potential immigrants - hardly any from India but a sizeable number from the Middle East. Not just this. The red carpet rolled out to Indian tech workers contrasts sharply with the way the Netherlands has been treating its own citizens of Moroccan and Turk descent. The same people who brightened up at the mention of India, applauding the Indian workers' discipline and exemplary behaviour while on Dutch soil, barely concealed their animosity towards these two ethnic groups, which were typecast as difficult, and stubbornly different.

The positive Dutch attitude to potential Indian immigrants stems partly from India's upgraded international standing. And partly from the conviction that Indians, disciplined and hard working as they are, will easily adjust to the Dutch way of life. India is so much the current
flavour that Dutch citizens of Surinami-Indian origin are today identifying less with Surinam and the Netherlands than with India, a home they left over a century ago. The Surinami Indians are better off than the Turks and the Moroccans. Yet they have not been fully accepted by a country that constantly asks for evidence of their integration. The community resents this and is betting on a closer identification with India to rid itself of the underdog tag.


India must surely feel flattered by all this. Yet sooner rather than later, the Netherlands will realise that upwardly mobile as Indians are they will not give up their identity. Dutch society is in ferment which begs the question: How long before the Indian workforce faces the integration test?

I think this will need deep thinking on part of the Public as well as the European Muslim population. This isnt the right reaction, I am afraid.

All this to be taken with a grain of piquant salt!!!

Killed through a bomb, couldnt have happened to better people

Now we know that the Taliban are a bunch of morons, so why are we surprised? Truly, it couldnt have happened to a better bunch of people. Should do more of this.

PESHAWAR, Pakistan (AFP) - A pro-Taliban militant was killed and two
others wounded in a botched attempt to blow up the office of a women's rights
group in troubled northwest Pakistan, police said.
The militants had been trying to plant a bomb at the Khawando Kor (Sisters' Home) in Karak town, about 100 kilometres (60 miles) south of provincial capital Peshawar late Sunday, local police officer Hajit Khan said.

The bomb exploded prematurely and one militant was killed, Khan said,
adding that two injured accomplices had been arrested. The office was not
damaged.
The trio had taken part in the "holy war" against the Soviets in
neighbouring Afghanistan in the 1980s and were now supporting the hardline
Taliban waging an insurgency there, he said.

The group, which has several offices across North West Frontier
Province, has been promoting education and increased rights for women in the
area.
Islamic militancy and support for style-Taliban law has been spilling
over from the nearby tribal areas into the province.
At least two girls' schools were destroyed last week in bomb blasts in the tribal region where militants consider female education un-Islamic.



All this to be taken with a grain of piquant salt!!!

The Taliban are cannibals

Truly, they are cannibals. They devour their young, they want their women to be chattels and be beholden to those fundo bearded men. Esphoks on them. How can you do this? blow up a school? the place where education is imparted? what is wrong with these people? The Quran begins with the word IQRA, meaning READ. And the place where most reading is done is the school and they go blow this up.

Sometimes I feel like letting them rot, but then think about the poor girls, it isnt their fault!
MIRANSHAH, Pakistan: Pro-Taliban militants blew up a girls' school in
Pakistan's restive tribal area bordering Afghanistan, security officials said.


All this to be taken with a grain of piquant salt!!!