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Showing posts with label GCC. Show all posts
Showing posts with label GCC. Show all posts

Friday, 14 January 2011

Army Chief appears before MPs committee (PO)

M D Nalapat

Although romantics stress the “closeness” between India and Pakistan (especially when they go armed with candles to the Wagah border crossing),the reality is that the two countries have evolved on entirely different trajectories. For the people of Pakistan, the special privileges given to those professing themselves to be Muslim are as natural as they are in Saudi Arabia.In India, the laws mandate that all religions should be treated equally. However, because of the effort of Prime Minister Jawaharlal Nehru to make Muslims feel secure in India after the bloodbath that followed partition, the minorities have been given privileges denied to the majority (Hindu) community. For example,schools and other educational institutions run by minority owners are exempted from most of the severe laws that are applied on those run by Hindus. And while almost all big Hindu temples are (mis)run by the government, the religious institutions of Christians and Muslims are free of state control.There would be an outcry if the many beautiful mosques and churches of India were to come under bureaucratic control,the way Hindu temples are.Interestingly,even while the so-called “Hindu” BJP was in power ( 1998-2004),it did nothing to free temples from state control.Clearly,the advantages of having wealthy temples firmly in the government grip outweighed the pull of ideology.In India,’Sabse Bada Rupaiya”. Money trumps all.

However,the advantages given to the minorities and the equality of status they enjoy in India are a far cry from the privileged position of Muslims in Saudi Arabia and Pakistan, two countries that are increasingly being linked together by a common socio-religious culture. When Muslims from India go to locations such as Saudi Arabia and Pakistan and see the way the faith they love has been given a privileged status in these two countries (as indeed,in Malaysia and in the entire GCC Group), some get upset that a similar high pedestal is not provided for them in India. However, most are happy at being part of a secular society, although this makes them different from the populations of Saudi Arabia and Pakistan,two religious states where a single faith rules. However,the difference between India and Pakistan excludes the economic elite. Those who are super-rich are the same in any part of the globe. They drink the same brands of alchohol and favour London and Paris as holiday destinations rather than Shimla or Murree. When they meet each other,their common values ( centred around their money) ensure smooth interaction. So while there are huge differences between an average Pakistani and an average Indian,there is almost no difference between a super-rich Pakistani and a super-rich Indian. Such closeness gives an illusion that the entire society is similar,when in fact it is not.

Friday, 8 October 2010

Why should a democracy block Islamic banking? (PO)

M D Nalapat

Although efforts have been made over the past twenty years to bring Islamic banking into India — a country that has more Muslims than Pakistan — as yet the Reserve Bank of India and its master, the Union Finance Ministry, has not given permission for the same. The reason is simple. Across the financial establishment in India, the influence of US and EU financial interests is overpowering. Several senior civil servants have their close relatives working in such institutions, and therefore accept the advice given by them. Certainly, banks in foreign countries will not want the Indian government to clear the way for the establishment of Islamic banking centres, for that may result in funds flowing from Zurich, London, Frankfurt and New York (all major “Islamic” banking locations) to Mumbai or Kochi. Acting on cue, the monetary and finance authorities in India have continued to block access to Islamic banking avenues, thereby denying millions of observant Muslims in India a chance to keep their assets in safety.

As has been mentioned earlier in these columns, the “British” law that boosters of the Nehru family such as Amartya Sen and Sunil Khilnani are so proud of pointing to is in reality English law for colonial subjects, a construct very different from English law for Englishmen. The laws in India give overwhelming powers to the administrative machinery, and no redress to the citizen except through the goodwill of some other governmental agency.Over time, the duration of cases in India has lengthened in a way calculated to resemble the “yugas” of the ancient Indian epics (each of which lasts millions of years). Many civil cases take sixty to ninety years to finally get decided, while in a criminal matter, the final verdict usually comes after the convict has passed away due to old age. Days ago, there was a “superfast” judgment delivered in a Karnataka court against an individual accused of the murder of a software company employee. The time taken was five years, and this is only the first stage. Even at such a “superfast” pace, the appeals process can drag on for fifteen or more years before conclusion. India’s judicial system is now internationally known for the frequency of “stay orders” and the length of time that it takes for verdicts to get delivered.