Friday, May 23, 2008
What is Bush good for?...oil greed and wars
This President had had the rarest reputation of bringing disrepute to the US
THOUGH THE world is not worried much about its continued existence, thanks to the interference of an ordinary mortal like George Bush, it is a good idea to ask an individual question to each one of us – what is Bush good for? The question may sound simple enough, but answering the question may demand a little sense of humour and a tinge of cynicism.
The former requirement, sense of humour, is what the world comes to experience as and when Bush makes a statement on international affairs, and the second requirement, cynicism, is what goes into the making of such comments. See some of his comments and suggestions on international affairs.
“The US would help the oil giant Saudi Arabia to protect its oil reserves.” What does the world understand when it listens to such a comment? A comment is made by whom? And what is he commenting on? When was he making the comment? Where does price of oil per barrel stand in the international market?
“We are happy to assist Saudi Arabia to generate nuclear energy.” What does Saudi Arabia need more than this? Are not the Arabs powerful enough now to dictate oil terms with the rest of the world? They are. Still as Bush needs to be good for the world, he is offering a little help to the ’king’.
When it is of Palestine, Bush cannot resist making a comment that ’independent statehood is what is needed to keep peace in this part of the world’. Since the rest of the world is left with lasting peace, thanks to Bush incorporated, and as Iran is staying in where it has always been, now it is time and the same is ripe for Palestine and then Egypt. Again Bush is becoming of some good to the world order.
Closely following the comment that it is Indian middle-class that is eating away the due food shares of the rest of the world, he had come up with yet another comment on Kashmir the other day. “It is time India and Pakistan found a solution to Kashmir issue.” Are we not going to respond to that comment? A brokerage from America would work wonders in bringing peace in the borders.
His West Asian regional tour focussing on peace comes to close this week, he would have made himself good to a lot of communities around the world, and by the time he leaves office not very soon, the world community would, including those bereaved families of thousands of American marines who got killed around the world, record in their respective histories that there was a president in America who had been good, not at keeping the world peaceful but ensuring the rest of the world in pieces and geopolitical regions.
How can mainstream Muslims perceive Bush or the United States as respecting Islam when their overwhelming propaganda machine is producing this torrential flow of anti-Muslim terminology and their overpowering war machine is disintegrating Muslim societies to pre-state age, allegedly to defend the freedom of American people. How could a leader secure his people's freedom when he deprives other peoples of their freedoms!. His global war on terrorism targets "Islamic terrorism" almost exclusively. "Till recently, of the 36 organisations on the U.S. State Department's banned list, 24 were Muslim. The rest were Basque and Irish separatists and leftist groups. There were no Christian, Buddhist or Hindu groups. The State Department also lists 26 countries whose nationals represent an 'elevated security risk' to the U.S. Barring North Korea, all are Muslim-majority countries."
And Bush still can't come to grips with the question of "Why they hate us." Bush's line: "They hate us because of our freedoms."
No Mr. President, they hate you because your administration and its predecessors have been for decades depriving them of their liberty, freedoms, resources and elected governments, in a historic trend that extends from removing an elected leader in Iran in the 1950s because of his nationalizing the oil and replacing him by the Shah, a brutal dictator, to suffocating the Palestinian people to squeeze out the elected Hamas-led government from power in 2006.
Bush's scare tactics aimed at American public should not blur the divide in Bush's WWIII. The battle lines should be redrawn to be between U.S. and Israeli militarism and military occupation and expansion and the liberation movements that were led by nationalists or Pan-Arabists in the 20th century and now are led by Islamists.
Bush's religious terminology is shooting his unreligious war in the legs, antagonizing not only the mainstream Muslims but also the non-Muslim large Christian minority in the midst of their ethnic compatriots because this minority feels threatened by his inciting anti-Muslim propaganda, which creates an explosive antagonistic environment that plays in the hands of the same extremists whom he uses as a scapegoat for his unjust pre-emptive wars.
However, Muslims and especially Arabs are very well aware that the end of the Cold War and the collapse of the former USSR have made Islam a useful scapegoat for tightening the US grip on the unipolar world. Books by the Orientalist Bernard Lewis and Samuel Huntington's The Clash of Civilizations became popular in the west because they promoted the idea that Islam was the main threat to Western "civilization."
They are also aware that this war to establish total and lasting U.S. global hegemony, a sort of modern-day Roman Empire, is spearheaded in the heartland of Muslims and Islam, the Arab world, where all the regimes are targeted sooner or later; it makes no difference whether they are Islamic, Islamist, secular, liberal, or Pan-Arab regimes, monarchies or republics.
And this President had had the rarest reputation of bringing disrepute not only to the US but to the rest of the world too. What, an ordinary mortal like Bush, is good for after all? Good for not a good thing!
Monday, May 19, 2008
Democracy: Inclusion Or Exclusion?
Barack Obama, who is in the race for being nominated as presidential candidate for America, made a remarkable speech on race relations in America. It was not merely complaining about discrimination against blacks (African Americans) but it was about extending hand of friendship towards whites so that people of America could stand together and form a more perfect union.
In fact he began by referring to the opening sentence of the constitution of America "We the people, in order to form a more perfect union" The Indian constitution also opens with "we the people of India". Obama was seeking reconciliation as a statesman and a country looks to such leaders who have grace, a future vision and seek to unite and refrain from dividing.
Those who seek to divide for the sake of power will ultimately be thrown on the dustbin of history. They may come to power momentarily but will never rule the hearts of people, would never command any respect. Hitler though most powerful in his country, was hated in his own lifetime and in his own country it is crime to take his name and Hitler is no exception.
And we live in a democratic system and democracy is noting if not inclusive. A true democrate tries to include everyone in power and fruits of development. Democracy unites everyone through inclusion as exclusion of any section of the population would prove to be divisive. Fathers of our constitution reserved jobs and parliamentary seats for the Scheduled castes and tribes precisely for this reason so that they are also included. It was based on future vision of unity and inclusion.
The African Americans were excluded from power structure in America for long. They were brought as slaves and treated as slave even long after slavery was abolished. It needed leader like Martin Luther King to campaign for their inclusion in early sixties. He also did not adopt the way of conflict but of non-violence and reconciliation. He adopted Gandhian way and infused confidence in African Americans in USA and gave them sense of pride and equal partners in American system.
White racialists tried to exclude them, hated them and deprived them of their due rights. White racists lost and blacks won and policy of positive discrimination was adopted by America in order to do justice to African Americans. Barack Obama addressing the people of America thus said, "What would be needed were Americans in successive generations who were willing to do their part - through protests and struggle, on the streets and in the courts, through a civil war and civil disobedience and always at great risk - to narrow that gap between the promise of our ideals and reality."
He also said, in the same speech, "Despite the temptation to view my candidacy through a purely racial lens, we won commanding victories in states with some of the whitest populations in the country. In South Carolina, where the Confederate Flag still flies, we built a powerful coalition of African-Americans and white Americans." It is great moment for America that it has risen above its white racialism, though after a great struggle. It is moment of glory indeed, perhaps the moment when we can say slavery has indeed been abolished, not only from the constitution but also from the hearts and minds of the people.
India also produced great leaders like Mahatma Gandhi and Nehru who rose above all communal prejudices and struggled to make India secular. But like America it is taking long time to become truly secular. America abolished slavery from its constitution long ago but it took more than a century to abolish it from hearts and minds of people. We in India abolished communalism from our constitution and all forms of discrimination in 1950 itself while proclaiming our constitution but both caste and communalism is still well entrenched in our hearts and minds.
Our politicians further keep on dividing us to satiate their lust for power. After Gandhi and Nehru and Maulana Azad we have failed to produce any statespersons. On the eve of partition when communal bloodbath was taking place it was this trinity of Gandhi, Nehru and Azad who again enthused sense of unity and confidence, especially among the people of India. Maulana Azad with his great speech delivered from the steps of Jama Masjid to build the confidence among the completely shaken and shattered.
However, the coming generations of leaders could not build upon this, though our constitution did imbibe these ideals. The gap between ideals and the real has increased over the years thanks to petty political interests. Mahatma Gandhi and others launched civil disobedience movement to break the colonial stranglehold. Now, like King Martin Luther Jr. we have to launch a civil rights movement to make our democracy truly inclusive changing our hearts and minds.
True test of our democracy would be when any deserving citizen of India, be he/she tribal, dalit, Muslim, Christian, Parsi or Sikh can become prime minister of India. It is true a Muslim, dalit and Sikh have risen to the office of President and a Sikh is now Prime Minister but President's post is decorative one, not executive one. True test lies in making a dalit or Muslim or Christian Prime minister of India.
Yes, theoretically a Muslim, Christian or dalit can become Prime Minister too but that ideal has not yet been realized. India is the largest democracy in the world but our hearts and minds are yet to capture true democratic spirit. It is undoubtedly a great revolution that we have given right to vote to lowest of low and poorest of poor but our society is far from being equal in spirit.
It is heartening that an African-American, until yesterday being looked down upon, has risen to this height he is competing and so far nearly winning the candidacy for Presidentship of most powerful nation of the world. And whites are voting enthusiastically for Obama. No one thought until yesterday that an African-American, can ever achieve this. Racialism in America, though not dying, is undoubtedly diminishing.
However, in India, let alone dying, communalism and castism, is increasing. Communal parties and outfits are promoting rank communalism for the sake of majority votes. Even secular parties have no serious tryst with destiny. The very idea of destiny which Nehru had envisioned when power was being transferred to India on the midnight of 15th December is dying out.
Communalism and castism are penetrating deeper into our political processes. Dalits and minorities are living in fear as riots break out on petty quarrels. Christians had not faced such situation after independence right up to nineties which they are facing today. In Orissa Christians witnessed communal frenzy on the eve of Christmas. And now BJP ruled state after state are passing laws against conversion ironically calling them 'Freedom of Religion Act'. Even a Congress ruled state (Himachal Pradesh) passed such a law. So much for its commitment to secularism.
Today Communal parties are on the offensive and secular parties (with the exception of communist parties) are not only mute witness but also ally with them. Janata Dal (Secular?) which had broken from Janta Dal (United) on the question of allying with the BJP, itself allied with it BJP in Karnataka to come to power. Without including minorities in the political processes and making them equal partners, India cannot become true democracy.
BJP is, on the other hand, making all possible efforts to exclude religious minorities and making only symbolic gesture towards Scheduled castes and tribes. The moment Congress makes some symbolic gesture towards Muslims like BJP makes towards SCs, it raises bogey of appeasement and Congresses looses its nerves. Today a large section of bureaucracy and the police also has been communalized and police does not hesitate to openly play partisan role in communal riots against Muslims and Christians.
BJP, during NDA rule communalized vital organs of Indian state though it failed to revise Indian Constitution to remove article 25 to 30 guaranteeing rights to minorities. Mr. L.K. Advani, then Deputy Prime Minister and now aspiring to be Prime Minister, if NDA comes to power again, openly praised Narendra Modi after Gujarat riots though whole world was condemning what happened in Gujarat and holding Modi to be responsible for genocide in Gujarat.
India's glorious past and its composite culture (right from beginning of its history) can make us all proud and India will be able to play that role again only when its leaders resist the lust for power and dedicate themselves to its moral and spiritual values. All communities, including religious minorities, have contributed richly to India's glory. India is, and has always been, an alliance of religions and cultures and never a monolith which communal forces want it to be.
BJP can also contribute to future of India provided it gives up its anti-minority obsession and adopts open door policy. Though BJP claims to stand for 'justice for all and discrimination against none', it is nothing more than a hollow at best and deceptive at worst, slogan. One wishes it adopts this slogan with true heart and it will indeed contribute to India's future
Courtesy:Asghar Ali Engineer,09 May, 2008
CSSS
In fact he began by referring to the opening sentence of the constitution of America "We the people, in order to form a more perfect union" The Indian constitution also opens with "we the people of India". Obama was seeking reconciliation as a statesman and a country looks to such leaders who have grace, a future vision and seek to unite and refrain from dividing.
Those who seek to divide for the sake of power will ultimately be thrown on the dustbin of history. They may come to power momentarily but will never rule the hearts of people, would never command any respect. Hitler though most powerful in his country, was hated in his own lifetime and in his own country it is crime to take his name and Hitler is no exception.
And we live in a democratic system and democracy is noting if not inclusive. A true democrate tries to include everyone in power and fruits of development. Democracy unites everyone through inclusion as exclusion of any section of the population would prove to be divisive. Fathers of our constitution reserved jobs and parliamentary seats for the Scheduled castes and tribes precisely for this reason so that they are also included. It was based on future vision of unity and inclusion.
The African Americans were excluded from power structure in America for long. They were brought as slaves and treated as slave even long after slavery was abolished. It needed leader like Martin Luther King to campaign for their inclusion in early sixties. He also did not adopt the way of conflict but of non-violence and reconciliation. He adopted Gandhian way and infused confidence in African Americans in USA and gave them sense of pride and equal partners in American system.
White racialists tried to exclude them, hated them and deprived them of their due rights. White racists lost and blacks won and policy of positive discrimination was adopted by America in order to do justice to African Americans. Barack Obama addressing the people of America thus said, "What would be needed were Americans in successive generations who were willing to do their part - through protests and struggle, on the streets and in the courts, through a civil war and civil disobedience and always at great risk - to narrow that gap between the promise of our ideals and reality."
He also said, in the same speech, "Despite the temptation to view my candidacy through a purely racial lens, we won commanding victories in states with some of the whitest populations in the country. In South Carolina, where the Confederate Flag still flies, we built a powerful coalition of African-Americans and white Americans." It is great moment for America that it has risen above its white racialism, though after a great struggle. It is moment of glory indeed, perhaps the moment when we can say slavery has indeed been abolished, not only from the constitution but also from the hearts and minds of the people.
India also produced great leaders like Mahatma Gandhi and Nehru who rose above all communal prejudices and struggled to make India secular. But like America it is taking long time to become truly secular. America abolished slavery from its constitution long ago but it took more than a century to abolish it from hearts and minds of people. We in India abolished communalism from our constitution and all forms of discrimination in 1950 itself while proclaiming our constitution but both caste and communalism is still well entrenched in our hearts and minds.
Our politicians further keep on dividing us to satiate their lust for power. After Gandhi and Nehru and Maulana Azad we have failed to produce any statespersons. On the eve of partition when communal bloodbath was taking place it was this trinity of Gandhi, Nehru and Azad who again enthused sense of unity and confidence, especially among the people of India. Maulana Azad with his great speech delivered from the steps of Jama Masjid to build the confidence among the completely shaken and shattered.
However, the coming generations of leaders could not build upon this, though our constitution did imbibe these ideals. The gap between ideals and the real has increased over the years thanks to petty political interests. Mahatma Gandhi and others launched civil disobedience movement to break the colonial stranglehold. Now, like King Martin Luther Jr. we have to launch a civil rights movement to make our democracy truly inclusive changing our hearts and minds.
True test of our democracy would be when any deserving citizen of India, be he/she tribal, dalit, Muslim, Christian, Parsi or Sikh can become prime minister of India. It is true a Muslim, dalit and Sikh have risen to the office of President and a Sikh is now Prime Minister but President's post is decorative one, not executive one. True test lies in making a dalit or Muslim or Christian Prime minister of India.
Yes, theoretically a Muslim, Christian or dalit can become Prime Minister too but that ideal has not yet been realized. India is the largest democracy in the world but our hearts and minds are yet to capture true democratic spirit. It is undoubtedly a great revolution that we have given right to vote to lowest of low and poorest of poor but our society is far from being equal in spirit.
It is heartening that an African-American, until yesterday being looked down upon, has risen to this height he is competing and so far nearly winning the candidacy for Presidentship of most powerful nation of the world. And whites are voting enthusiastically for Obama. No one thought until yesterday that an African-American, can ever achieve this. Racialism in America, though not dying, is undoubtedly diminishing.
However, in India, let alone dying, communalism and castism, is increasing. Communal parties and outfits are promoting rank communalism for the sake of majority votes. Even secular parties have no serious tryst with destiny. The very idea of destiny which Nehru had envisioned when power was being transferred to India on the midnight of 15th December is dying out.
Communalism and castism are penetrating deeper into our political processes. Dalits and minorities are living in fear as riots break out on petty quarrels. Christians had not faced such situation after independence right up to nineties which they are facing today. In Orissa Christians witnessed communal frenzy on the eve of Christmas. And now BJP ruled state after state are passing laws against conversion ironically calling them 'Freedom of Religion Act'. Even a Congress ruled state (Himachal Pradesh) passed such a law. So much for its commitment to secularism.
Today Communal parties are on the offensive and secular parties (with the exception of communist parties) are not only mute witness but also ally with them. Janata Dal (Secular?) which had broken from Janta Dal (United) on the question of allying with the BJP, itself allied with it BJP in Karnataka to come to power. Without including minorities in the political processes and making them equal partners, India cannot become true democracy.
BJP is, on the other hand, making all possible efforts to exclude religious minorities and making only symbolic gesture towards Scheduled castes and tribes. The moment Congress makes some symbolic gesture towards Muslims like BJP makes towards SCs, it raises bogey of appeasement and Congresses looses its nerves. Today a large section of bureaucracy and the police also has been communalized and police does not hesitate to openly play partisan role in communal riots against Muslims and Christians.
BJP, during NDA rule communalized vital organs of Indian state though it failed to revise Indian Constitution to remove article 25 to 30 guaranteeing rights to minorities. Mr. L.K. Advani, then Deputy Prime Minister and now aspiring to be Prime Minister, if NDA comes to power again, openly praised Narendra Modi after Gujarat riots though whole world was condemning what happened in Gujarat and holding Modi to be responsible for genocide in Gujarat.
India's glorious past and its composite culture (right from beginning of its history) can make us all proud and India will be able to play that role again only when its leaders resist the lust for power and dedicate themselves to its moral and spiritual values. All communities, including religious minorities, have contributed richly to India's glory. India is, and has always been, an alliance of religions and cultures and never a monolith which communal forces want it to be.
BJP can also contribute to future of India provided it gives up its anti-minority obsession and adopts open door policy. Though BJP claims to stand for 'justice for all and discrimination against none', it is nothing more than a hollow at best and deceptive at worst, slogan. One wishes it adopts this slogan with true heart and it will indeed contribute to India's future
Courtesy:Asghar Ali Engineer,09 May, 2008
CSSS
Tuesday, May 13, 2008
Drugs Ruling Life.......?
Is it true that people are becoming very tense day to day and more population getting addicted with liquor, drugs and smoking?
Yes….In the years to come, depression, alcoholism, drug abuse and diabetes are going to be the number 1 killers. Intense competition, saddled with responsibilities at work, frustrations and failed relationships, disappointments, failures and rejections are attributed to be some of the reasons leading to suicidal tendencies and taking to drugs. People fail to relieve their pent up anger effectively in the form of talking it out with a friend and relieving oneself of bottled up tensions. Instead agonize oneself by brooding over things we don't have a control on. This makes people traffic in drugs & smoking. People should learn to take things in their stride and have the resilience to tide over it bravely. Every cloud has a silver lining after all.
This is due to poor understanding of life scince. Greedy, competition, false prestige, tension in work place, unwanted wishes, white goods addiction, unfinished targets chasing, poor time management…etc.
Yes….In the years to come, depression, alcoholism, drug abuse and diabetes are going to be the number 1 killers. Intense competition, saddled with responsibilities at work, frustrations and failed relationships, disappointments, failures and rejections are attributed to be some of the reasons leading to suicidal tendencies and taking to drugs. People fail to relieve their pent up anger effectively in the form of talking it out with a friend and relieving oneself of bottled up tensions. Instead agonize oneself by brooding over things we don't have a control on. This makes people traffic in drugs & smoking. People should learn to take things in their stride and have the resilience to tide over it bravely. Every cloud has a silver lining after all.
This is due to poor understanding of life scince. Greedy, competition, false prestige, tension in work place, unwanted wishes, white goods addiction, unfinished targets chasing, poor time management…etc.
Thursday, May 8, 2008
Opportunity of Islamic investment in India
Allah says: Allah made trade lawful and prohibited interest (2:275). At on other place
Allah says O who believer in me fear god and quit what remains of riba if you are
indeed believers; but if you do not, take notice of war from Allah and his
messenger.(2:278-9)
There is two ways of getting profit (1) which Islam permits (2) which Islam prohibits.
Islam has forbidden earning from interests. And has counted as big sin and among
the big sins there is no which forbidden in this manner; that notice a war from Allah
and his messenger. Can human being defeat Allah and his messenger?
In India Muslims are second largest population after Indonesia, Indian Muslims
population estimated to be around 150, millions. Inspite of this India is routinely
ignored in the vast majority of the books articles on the subject of Islamic banking
and or investments. Dow Jones has Islamic index, FTSE of Britain has not only
Islamic Index but also a full fledge Islamic bank, but unfortunately there is not a
single Islamic Product or an Islamic benchmark in Indian investment environment.
Even more bizarre India is not covered and not included for any of their research
work by any Islamic institution or bank .although India is the big market for Islamic
investments,and according to me no research work of any research institution could
be complete without including India. Although India has a good Islamic structure
which provides opportunity of riba free investment and finance which gives us lots of
benefit.
Since the 1991 liberalization reforms, India's GDP has consistently grown at over 5%
and has now crossed the 8% mark. In fact, India is expected to be one of the world's
two largest economies by 2050. The huge capital inflows into the country mirror the
confidence of foreign investors in the Indian economy's ability to match this
expectation.
India's institutional framework is well suited for the world economy. Corporate India
has been performing well and this factor, coupled with strong macroeconomic
fundamentals, growing industrial and service sectors, provides great potential for
investment in the Indian economy.
(1) Stock market:
Common people in our community believe that investment in stocks is prohibited. No
it is not true. Indeed there are some kind of stocks, which might be prohibited but
not all. So prominent Islamic scholars, and ulemas have defined all market
instruments and after that they have permitted with some conditions to have
investments in stock market and invest in it.
(a)The company’s activities should not include liquor, pork, hotel, casino, gambling,
cinema, music, interest bearing financial institutions, conventional insurance
companies, etc.
(b) The total interest bearing debt of the company at any point in time should remain
below one third of its average market capitalization during the last twelve months.
(c) Its aggregate of account receivables should remain below 45% of total assets.
(d) If company has any interest bearing income it should not be more than 10% in
any condition.
While Shariah compliant investment avenues are now becoming available in most
countries, India has not seen large-scale development.To gauge the scope of Islamic
investment opportunities in the Indian stock market, it is imperative to examine
stocks that conform to Islamic Shariah principles "Out of 6,000 BSE listed
companies, approximately4,200 are Shariah compliant. The market capitalization of
these stocks accounts for approximately 61% of the total market capitalization of
companies listed on BSE.This figure is higher even when compared with a number of
predominantly Islamic countries such as Malaysia, Pakistan and Bahrain. In fact, the
growth in the market capitalization of these stocks was more impressive than that of
the non-Shariah compliant stocks.
The software, drugs and pharmaceuticals and automobile ancillaries sector were the
largest sectors among the Shariah compliant stocks. They constitute about 36% of
the total Shariah compliant stocks on NSE. Further on examining the BSE 500 the
market capitalization of the 321 Shariah compliant companies hovered between 48%
and 50% of the total BSE 500 market capitalization.(Source:
www.islamicequity.co.in)
(2) Mutual funds:
Another opportunity is mutual fund which is based on 100% equity. These funds are
invested in different sectors like IT, automobile telecommunication, cement and a
few present in interest based financial institutes, almost 10 to 15 %. So investor has
to purify that amount from the profits. And also there are many sectorial funds which
invests only in a particular sector like automobile,Oil & Gas, etc
Here are some of the most common types of the sharia compliant funds and their
basic investment profile, which an investor must know before leaving his/her hardearned
money at their disposal:
Equity Funds : As the name suggests, equity funds invest the money pooled in from
the investors into stocks. Equity MFs are further classified into sub-categories
depending upon the asset classes such as large-cap, mid-cap and small-cap, sectors
or themes. Equity funds carry a bigger risk profile than the bond funds.
Sector Funds : Sector funds invest in the stocks of one particular sector and these
funds are generally conceptualized after some sector catches fancy of the market or
when there is any significant buzz for some major growth in a particular sector. For
example, the infrastructure sector is the current favourite in the MF circle, while a
few other sectors with exposure to the country’s infrastructure growth are also
finding favour.
However, sector funds do not offer the much-desired diversification to the MF
investors and often these funds enter the market after most of the growth has
already materialized in that particular sector. However, there are certain defensive
sectors like FMCG and pharmaceuticals, which consistently witness some modest
growth with limited volatility.
Index Funds: The index funds primarily invest in the constituent stocks of a
particular market index, such as Sensex and Nifty, and most often track the
movements of those indices. While during a bull run, index funds can give impressive
returns, the losses are also sharp during the bearish phases of the market. However,
the index funds are known to given good returns in the long term, as their portfolio
generally consist of stocks with proven track record.Here however you have to
consider purification as quite a few banking stocks are there in the current index.
Growth Funds: These funds invest in growth stocks, or the stocks of those
companies that are likely to see a sharp rise in their sales and profits. These funds
seek to cash in upon the rise in the share prices of these companies, driven by their
bulging sales and profit books.
Source:http://islamicequity.co.in
Allah says O who believer in me fear god and quit what remains of riba if you are
indeed believers; but if you do not, take notice of war from Allah and his
messenger.(2:278-9)
There is two ways of getting profit (1) which Islam permits (2) which Islam prohibits.
Islam has forbidden earning from interests. And has counted as big sin and among
the big sins there is no which forbidden in this manner; that notice a war from Allah
and his messenger. Can human being defeat Allah and his messenger?
In India Muslims are second largest population after Indonesia, Indian Muslims
population estimated to be around 150, millions. Inspite of this India is routinely
ignored in the vast majority of the books articles on the subject of Islamic banking
and or investments. Dow Jones has Islamic index, FTSE of Britain has not only
Islamic Index but also a full fledge Islamic bank, but unfortunately there is not a
single Islamic Product or an Islamic benchmark in Indian investment environment.
Even more bizarre India is not covered and not included for any of their research
work by any Islamic institution or bank .although India is the big market for Islamic
investments,and according to me no research work of any research institution could
be complete without including India. Although India has a good Islamic structure
which provides opportunity of riba free investment and finance which gives us lots of
benefit.
Since the 1991 liberalization reforms, India's GDP has consistently grown at over 5%
and has now crossed the 8% mark. In fact, India is expected to be one of the world's
two largest economies by 2050. The huge capital inflows into the country mirror the
confidence of foreign investors in the Indian economy's ability to match this
expectation.
India's institutional framework is well suited for the world economy. Corporate India
has been performing well and this factor, coupled with strong macroeconomic
fundamentals, growing industrial and service sectors, provides great potential for
investment in the Indian economy.
(1) Stock market:
Common people in our community believe that investment in stocks is prohibited. No
it is not true. Indeed there are some kind of stocks, which might be prohibited but
not all. So prominent Islamic scholars, and ulemas have defined all market
instruments and after that they have permitted with some conditions to have
investments in stock market and invest in it.
(a)The company’s activities should not include liquor, pork, hotel, casino, gambling,
cinema, music, interest bearing financial institutions, conventional insurance
companies, etc.
(b) The total interest bearing debt of the company at any point in time should remain
below one third of its average market capitalization during the last twelve months.
(c) Its aggregate of account receivables should remain below 45% of total assets.
(d) If company has any interest bearing income it should not be more than 10% in
any condition.
While Shariah compliant investment avenues are now becoming available in most
countries, India has not seen large-scale development.To gauge the scope of Islamic
investment opportunities in the Indian stock market, it is imperative to examine
stocks that conform to Islamic Shariah principles "Out of 6,000 BSE listed
companies, approximately4,200 are Shariah compliant. The market capitalization of
these stocks accounts for approximately 61% of the total market capitalization of
companies listed on BSE.This figure is higher even when compared with a number of
predominantly Islamic countries such as Malaysia, Pakistan and Bahrain. In fact, the
growth in the market capitalization of these stocks was more impressive than that of
the non-Shariah compliant stocks.
The software, drugs and pharmaceuticals and automobile ancillaries sector were the
largest sectors among the Shariah compliant stocks. They constitute about 36% of
the total Shariah compliant stocks on NSE. Further on examining the BSE 500 the
market capitalization of the 321 Shariah compliant companies hovered between 48%
and 50% of the total BSE 500 market capitalization.(Source:
www.islamicequity.co.in)
(2) Mutual funds:
Another opportunity is mutual fund which is based on 100% equity. These funds are
invested in different sectors like IT, automobile telecommunication, cement and a
few present in interest based financial institutes, almost 10 to 15 %. So investor has
to purify that amount from the profits. And also there are many sectorial funds which
invests only in a particular sector like automobile,Oil & Gas, etc
Here are some of the most common types of the sharia compliant funds and their
basic investment profile, which an investor must know before leaving his/her hardearned
money at their disposal:
Equity Funds : As the name suggests, equity funds invest the money pooled in from
the investors into stocks. Equity MFs are further classified into sub-categories
depending upon the asset classes such as large-cap, mid-cap and small-cap, sectors
or themes. Equity funds carry a bigger risk profile than the bond funds.
Sector Funds : Sector funds invest in the stocks of one particular sector and these
funds are generally conceptualized after some sector catches fancy of the market or
when there is any significant buzz for some major growth in a particular sector. For
example, the infrastructure sector is the current favourite in the MF circle, while a
few other sectors with exposure to the country’s infrastructure growth are also
finding favour.
However, sector funds do not offer the much-desired diversification to the MF
investors and often these funds enter the market after most of the growth has
already materialized in that particular sector. However, there are certain defensive
sectors like FMCG and pharmaceuticals, which consistently witness some modest
growth with limited volatility.
Index Funds: The index funds primarily invest in the constituent stocks of a
particular market index, such as Sensex and Nifty, and most often track the
movements of those indices. While during a bull run, index funds can give impressive
returns, the losses are also sharp during the bearish phases of the market. However,
the index funds are known to given good returns in the long term, as their portfolio
generally consist of stocks with proven track record.Here however you have to
consider purification as quite a few banking stocks are there in the current index.
Growth Funds: These funds invest in growth stocks, or the stocks of those
companies that are likely to see a sharp rise in their sales and profits. These funds
seek to cash in upon the rise in the share prices of these companies, driven by their
bulging sales and profit books.
Source:http://islamicequity.co.in
Tuesday, May 6, 2008
The politics of hate
Aijaz Ahmad
THE politics of hate that sets the political agenda today is in reality as old as the century-old process that has gone into the making of modern India. It is more influential today than it has ever been. However, a politics of this kind has been with us for a century or more. In most kinds of such politics, religious extremism plays the same role that racialism has played in the history of European fascisms. Indeed, religion itself is viewed in such tendencies primarily not as spiritual faith or a system of beliefs but as racial particularity and a civilisational essence.
For V.D. Savarkar, the revered forefather of this extremism who was not even notably devout, what all Hindus share is "common blood". According to him, then, those Indians for whom India is undeniably a janmabhoomi but who subscribe to other religions have fallen out of this mainstream of blood and belonging. They have thus lost their rights as equal members of this nation and should therefore be prepared for repression or even extermination. As he eloquently put it: "Germany has also shown how well nigh impossible it is for Races and cultures, having differences going to the root, to be assimilated into one united whole, a good lesson for us in Hindustan to learn and profit by."
It is worth emphasising, though, that unlike Hitler, for whom the crossing over from one race to another was simply impossible, Savarkar does offer to non-Hindu "races" an alternative, namely that they can re-join this mainstream if they convert to Hinduism and bring up their children as Hindus. This demand, made some eighty years ago by one of the illustrious founders of Hindutva, sheds a rather interesting light not only on the Vishwa Hindu Parishad's ongoing terror campaign against hapless Christians, precisely on the issue of conversions, but also on the proposition advocated by Prime Minister A.B. Vajpayee, an old veteran of the Savarkar-inspired Rashtriya Swayamsevak Sangh (RSS), that there should be a national debate on this issue. For 'conversion' has been central to the very ethos of RSS extremism, as bogey, as project and as threat.
They begin with a semantic sleight of hand. Opting out of Hinduism for some other religion is called 'conversion'; opting out of some other religion in favour of Hinduism is called 're-conversion'. The dominant media just take up this vocabulary and assist in creating a sort of common sense that anyone who is converting to Christianity or Islam is doing something out of the ordinary, possibly something anti-national as well (the famous "foreign hand"!), whereas anyone converting to Hinduism is only returning to his or her true essence.
If a Christian mission, after having been in the area for a hundred years or more, manages to convert some twenty-five thousand souls whom we, in our infinite wisdom, continue to call 'tribal' and/or 'untouchable', because these damned of this earth see in even the most miserable form of Christianity a way out of the filth of a caste-ridden society, that is said to be emergency enough for the nation to "debate" the matter solemnly while the various offspring of the RSS carry out their campaigns to slash the human beings and burn the crosses. But if a functionary of the Bharatiya Janata Party announces an explicit plan to convert a hundred thousand or more to Hinduism within a year, he is supposed to be doing only the natural thing, the right thing, because he has the rights of the twice-born: born first as Hindu and therefore, logically, as the 'true' Indian as well. And the rights of this variety of the twice-born include their ability to hold out the threat that those who do not " re-convert" shall be treated as outcasts, even non-citizens.
It was well before Partition, when over a quarter of the Indian population belonged to organised religions other than 'Hinduism' even in its broadest definition, that Hindu extremism - the RSS, the Hindu Mahasabha, and the rest - adopted Savarkar's notion that only a Hindu was a 'true' Indian and that the rest could be treated as 'true' Indians only if they converted to Hinduism. In claiming that a quarter or more of the population should convert to a particular religion or else be denied equal status in society, Savarkar's was undoubtedly the most ambitious plan in pursuit of conversions that modern India has known. Neither the Christian missions nor the Tabligh movement spawned by the Muslim clergy can offer even a vaguely comparable scope or clout.
But for the power and devotion of the RSS to the pursuit of this design, one would dismiss the Savarkar project as one of those crackpot ideas that extremists think up. Given the power and the devotion, however, one has to take stock of the long-term implications of the project, and in doing that one has to understand what is unique about the RSS and the way in which it organises this project, quite beyond the electoral calculus.
SINCE its inception during the 1920s, the RSS has been primarily interested, from the side of the Extreme Right, in what Antonio Gramsci once called a 'war of position'. It has been engaged, in other words, not in short-term electoral power but in long-term historical change. For this reason, then, it is really not possible to gauge the power of the RSS from the electoral fortunes of the BJP, especially if we do not sufficiently appreciate that the design for historic change may go on even as electoral fortunes fluctuate. In that larger project of historical change, the RSS has always calculated, I believe correctly, that if they can continue successfully to engineer fundamental cultural change, dividends in the electoral arena may come later but will then come more reliably and enduringly.
A second and crucial element, a secondary layer as it were, was added during the 1950s and has been a part of their design ever since, for reasons very palpable. Once the Republic of the bourgeoisie emerged as the primary form of rule in independent India, the RSS understood, after some floundering, as everyone else in India also understood, also after some floundering, that the electoral process is the one through which governments would now rise and fall, in any foreseeable future. This process they have sought to address, and have so far addressed with impressive success, first through the Jan Sangh, which culminated in their central role in the Janata Government, and then through the BJP, an extremely sophisticated political machinery in charge of government these days which is run strictly by veterans of the RSS; there is hardly any significant leader of the BJP who is not such a veteran.
This game, too, the RSS has played with dexterity. Ordinarily, in mature bourgeois democracies, there are very sharp constraints within which any political force is permitted to propagate its politics of hate. In Germany or Italy, for example, where stable democracy is not much older than in India and where neo-fascists are fairly strong, the politics of hate in the post-War period has so far been contained on the margins of society. In India, by contrast, and through much trial and error over virtually half a century, the RSS has understood that the constraints are much less operative, but also that the constraints do exist. The BJP is there in order to keep testing the limits of constraints, so as to expand constantly the scope for irrationalist politics, but also to capture governmental power within the general framework of those constraints, however brittle these might be. The Shiv Sena, by contrast, cannot emerge as a major national force precisely because it recognises no such constraints. The RSS does.
The main objective of the RSS is not parliamentary politics, however, but the politics of hate so as to undo the traditions of secularism, democracy and socialism that have embedded so powerfully in at least a substantial part of modern India, and to re-make the whole of India in its own image. Most of that project it pursues not through the BJP, the parliamentary front, but through the other fronts, such as the VHP and the Bajrang Dal, designed more specifically for those purposes. A mark of their great success is that they have convinced the liberal media, and perhaps many beyond even the liberal media, that the distinction between the BJP and the VHP is not merely procedural but real, and that what we are witnessing is not a division of labour within a cluster of fraternal groupings but a fundamental political difference.
Some of that basic project of uniting a majority of Hindus the RSS pursues through the BJP as well, however, and it is a sad comment on the nature of our polity that the BJP has benefited so spectacularly from campaigns of hate. This too we find difficult to concede. It is thought best not to recall, for example, that in the elections of 1989, which marked the resurgence of the BJP that is yet not over, 47 of the 88 constituencies that it captured were ones which had experienced the most virulent forms of communal violence during the preceding year.
Nor is it comfortable for us to contemplate the possibility that this politics of hate may actually be popular among key sectors of the Indian polity, notably the professional middle classes and the trading bourgeoisie in northern India. Thus, for example, a MARG opinion poll conducted between December 17 and 23, 1992, soon after the destruction of Babri Masjid and in the midst of the massive communal violence that ensued, showed that 52.6 per cent of those interviewed in the North approved of the demolition (as against 16.7 per cent in the South, it must be added).
That this is a derangement especially common among the well-off becomes refreshingly obvious, however, if we consider yet another statistic from roughly the same time: a survey conducted in Delhi and western Uttar Pradesh showed that while 60 per cent among white-collar professionals and 62 per cent of traders approved of the demolitions, among workers the support fell to 28 per cent.
The point in citing these statistics is not to suggest that the politics of hate has some inexorable logic in our society, equally among all classes and regions in the country. The point is to say, rather, that the politics of hate is much more popular among the beneficiaries of the system than among its victims, and that it is most effective among the social segments and in regions which have been much more influenced by right-wing politics in general.
Having said that, however, it is also the case that the consent it commands is very widespread in society, especially among the politically powerful and influential segments; and that this consent has been very much on the increase over time. What accounts for this power of the politics of hate in a society where at least the urban intelligentsia cultivates for itself and for the country an image of liberal tolerance, benign spirituality, and so on?
THE first reason can be traced back, I believe, to the earliest period of our modernity, and to the colonial character of this modernity. The very sense of history of the first generations of the Bengali intelligentsia was deeply marked by the colonially propagated ideologies of Aryan identity, Vedic purity and "Muslim tyranny". The typical reform movements of the late 19th century were markedly revivalist in character. Based as they were among the beneficiaries of traditional systems of caste and property, the reformers frequently had a vested interest in propagating a romantic notion of the cultures of the upper castes to which they themselves belonged and which were now presented as the very essence of being 'Indian' and 'Hindu'.
Precisely at the time, during the closing years of the nineteenth century and the opening ones of the twentieth, when representatives of Indian economic nationalism were formulating analytic procedures for explaining colonial exploitations, some of the most influential figures in the literary and cultural fields were deeply attracted by a cultural nationalism that was distinctly revivalist in character and religiously exclusivist by implication. Neither Bankim Chandra Chatterjee nor Aurobindo, neither the Swadeshi Movement in Bengal nor the Shivaji cult propagated in Maharashtra by such icons of Indian nationalism as Bal Gangadhar Tilak himself, were quite untainted by that kind of revivalist fervour. Indeed, so powerful was the revivalist culture of the upper castes that when anti-Brahminical movements surfaced in Maharashtra, whether under Jyotiba Phule or B.R. Ambedkar, it was the extremity of the backlash of the upper castes in that region that gave us the RSS in the first place.
This is not to say that either Tilak or Aurobindo would be quite approving of what the Hindutva of our own day is and does. And yet there is enough there for a common sense to prevail today among sections of the urban upper castes and middle classes, in various parts of India, especially the northern and the western, to be persuaded that the social vision and cultural idiom of this modern-day Hindutva is descended from that general ambience of our 'renaissance' and 'awakening'.
Indeed the potentials of that kind of revivalism were so pernicious that Rabindranath Tagore was to warn at length, already in the second decade of this century, that there was only a short step from revivalist zealotry to communal frenzy. In two of his great novels, Gora and Home and the World, whatever other shortcomings those novels might also have, Tagore was to portray with great sensitivity and acumen how revivalist politics and communal closures may be particularly tempting to the socially insecure and the upwardly mobile.
THAT, then, is the first point: the sheer persistence of Brahminical revivalisms at the very heart of what were expected to be structures of our modernity and which never did give us any kind of modernity, precisely because of the extensive compromises they made with colonial representations of Indian history and because of their interest in representing their caste cultures as our 'national culture'. Hindutva has derived much comfort from those revivalisms.
Second, then, one can say that since the advent of mass politics in India during roughly the 1920s, there have been essentially three alternative visions that have competed for dominance here.
There is of course the vision represented by the Communist and pro-Communist Left, which has been committed to creating a modern, civil, secular, democratic culture and which has held that such a culture cannot come into being, in the specific conditions prevailing in India, without also building a genuinely socialist society: socialist in a sense far more radical than the Nehruvian. Second, and far stronger, has been what one might call the vision of national independence together with social reform, industrial capitalism, and a political democracy - in short, a modern bourgeois order. Finally, there has been the conservative, caste-based elitism which came eventually to be monopolised by the RSS, with considerable fuel from the Hindu Mahasabha, which had itself come into being in opposition to both the Communist and the bourgeois-nationalist movements.
If the Communist movement was inspired by Marxism, Hindu extremism was undoubtedly inspired by Fascism, as the direct links between Italian Fascists and such leaders of this extremism as B.S. Moonje and Shyama Prasad Mookerjee would testify. The conflict between the two visions was inevitable because they represented radically opposed visions, both on the national and the international scales. Within the country, though, the third vision, that of capitalist democracy in the framework of an independent polity, was by far the dominant one. So, whether a culture of civic virtues or a culture of hate and cruelty shall prevail in our country has depended, in general, on the actual balance of forces among these competing visions, which we could also describe as visions associated with the Left, the Centre, and the Right respectively. Whether or not the Right could be contained depended, in other words, on whether or not the Centre would hold and incline, for its own survival if not anything else, toward the Left.
THE politics of hate has been both the moment of birth as well as the chief instrument of expansion for the RSS, considering that it was founded in the aftermath of the Nagpur riots of 1923 and was already playing a role in the later riots of 1927 in the same city. Then, before Independence, the RSS had two brief moments of growth: between 1939 and 1942, when the national movement was very much on the defensive and the colonial state was assisting all kinds of communal forces; and then during the 1946-48 period when the RSS had much room for action in the midst of the communal holocaust that accompanied Partition. Its involvement in the assassination of Mahatma Gandhi put an end to all that, however, even though Sardar Patel did get it off the hook by legalising it again.
The astonishing fact about communal violence in India is that it was at its lowest level during the first decade after Independence, when the memory of Partition and the attendant violence was the sharpest; and that the intensity of this violence has increased with every succeeding decade even though Partition, which is said to explain the virulence in northern India, keeps getting more distant in time.
Although Nehru was relatively isolated even within the Congress, he and his associates seem to have been successful in stemming the communal tide during the 1950s. Political discourse within the nation was preoccupied with issues of land reforms, planned development and India's place among the newly decolonised states and in the anti-imperialist movement of the non-aligned. The Communist Party was the main Opposition, and the contest therefore was between what we have described as visions of the Left and the Centre. The Right, the RSS with its newly formed parliamentary front of the Jan Sangh, was simply sidelined.
What began to happen thereafter is that the Centre, or what could have been the Centre, kept collapsing. Powerful elements of the ruling class in northern India, from the former ruling families of the princely states to sundry Marwari capitalists, patronised the RSS with a vengeance; Vajpayee's own early parliamentary career from Gwalior is inconceivable without the key patronage from the Scindias. Then there was the political elite. The roll call of those who were associated with the RSS in one way or another is embarrassing for all those who believe in some essential secularism or even the civic decency of this elite. From Vallabhbhai Patel to Gulzarilal Nanda, with Jayaprakash Narayan and the whole Sarvodaya crowd in between, not to speak of myriads such as Dr. Karan Singh, large sections of this elite, so polite and liberal otherwise, trusted and cooperated with the RSS quite gladly.
But then, there were at least two other features of politics in India during the period after the 1960s, as communal violence began to escalate, which contributed to giving us a more generalised culture of cruelty. One was the routine participation of large numbers of police and paramilitary personnel in communal violence, almost always on the side of Hindu communalism and across a wide territory from, let us say, Meerut and Moradabad in Uttar Pradesh to Ahmedabad or Surat in Gujarat or Bombay in Maharashtra, without fear of any severe punishment from the ruling party of the day. The second was the propensity of the Congress itself to play what was quaintly called 'the communal card', so that one was faced with a macabre field of competing communalisms practised unequally but fervently by what were once conceived of as the 'Right' and the 'Centre', and it became difficult to tell between the pragmatic and the programmatic communalisms of the respective parties.
It is in this larger context, then, that images of those burned houses and torched crosses can be flashed into the living rooms of the affluent across the country, and nothing really happens in response. This kind of indifference to communal violence is made all the more possible, however, because the victims are poor and, even as Christians, at the lowest possible rung of the caste society. It is only the cynicism of the VHP which can terrorise them on the one hand and urge them, in the same breath, to return to a Hindu fold that was never very keen on them in the first place. Communal violence is combined here, then, with the violence of caste and class. For what has become more marked in independent India with each passing decade is not just a vortex of communal hatreds but a much wider culture of cruelty in which polarisation of castes and classes have been at least as bloody as conflict of religious or denominational communities.
Aijaz Ahmad is Senior Fellow, Centre for Contemporary Studies, Nehru Memorial Museum and Library, New Delhi. He is a leading theorist of culture and the author of 'In Theory' and 'Lineages of the Present'
THE politics of hate that sets the political agenda today is in reality as old as the century-old process that has gone into the making of modern India. It is more influential today than it has ever been. However, a politics of this kind has been with us for a century or more. In most kinds of such politics, religious extremism plays the same role that racialism has played in the history of European fascisms. Indeed, religion itself is viewed in such tendencies primarily not as spiritual faith or a system of beliefs but as racial particularity and a civilisational essence.
For V.D. Savarkar, the revered forefather of this extremism who was not even notably devout, what all Hindus share is "common blood". According to him, then, those Indians for whom India is undeniably a janmabhoomi but who subscribe to other religions have fallen out of this mainstream of blood and belonging. They have thus lost their rights as equal members of this nation and should therefore be prepared for repression or even extermination. As he eloquently put it: "Germany has also shown how well nigh impossible it is for Races and cultures, having differences going to the root, to be assimilated into one united whole, a good lesson for us in Hindustan to learn and profit by."
It is worth emphasising, though, that unlike Hitler, for whom the crossing over from one race to another was simply impossible, Savarkar does offer to non-Hindu "races" an alternative, namely that they can re-join this mainstream if they convert to Hinduism and bring up their children as Hindus. This demand, made some eighty years ago by one of the illustrious founders of Hindutva, sheds a rather interesting light not only on the Vishwa Hindu Parishad's ongoing terror campaign against hapless Christians, precisely on the issue of conversions, but also on the proposition advocated by Prime Minister A.B. Vajpayee, an old veteran of the Savarkar-inspired Rashtriya Swayamsevak Sangh (RSS), that there should be a national debate on this issue. For 'conversion' has been central to the very ethos of RSS extremism, as bogey, as project and as threat.
They begin with a semantic sleight of hand. Opting out of Hinduism for some other religion is called 'conversion'; opting out of some other religion in favour of Hinduism is called 're-conversion'. The dominant media just take up this vocabulary and assist in creating a sort of common sense that anyone who is converting to Christianity or Islam is doing something out of the ordinary, possibly something anti-national as well (the famous "foreign hand"!), whereas anyone converting to Hinduism is only returning to his or her true essence.
If a Christian mission, after having been in the area for a hundred years or more, manages to convert some twenty-five thousand souls whom we, in our infinite wisdom, continue to call 'tribal' and/or 'untouchable', because these damned of this earth see in even the most miserable form of Christianity a way out of the filth of a caste-ridden society, that is said to be emergency enough for the nation to "debate" the matter solemnly while the various offspring of the RSS carry out their campaigns to slash the human beings and burn the crosses. But if a functionary of the Bharatiya Janata Party announces an explicit plan to convert a hundred thousand or more to Hinduism within a year, he is supposed to be doing only the natural thing, the right thing, because he has the rights of the twice-born: born first as Hindu and therefore, logically, as the 'true' Indian as well. And the rights of this variety of the twice-born include their ability to hold out the threat that those who do not " re-convert" shall be treated as outcasts, even non-citizens.
It was well before Partition, when over a quarter of the Indian population belonged to organised religions other than 'Hinduism' even in its broadest definition, that Hindu extremism - the RSS, the Hindu Mahasabha, and the rest - adopted Savarkar's notion that only a Hindu was a 'true' Indian and that the rest could be treated as 'true' Indians only if they converted to Hinduism. In claiming that a quarter or more of the population should convert to a particular religion or else be denied equal status in society, Savarkar's was undoubtedly the most ambitious plan in pursuit of conversions that modern India has known. Neither the Christian missions nor the Tabligh movement spawned by the Muslim clergy can offer even a vaguely comparable scope or clout.
But for the power and devotion of the RSS to the pursuit of this design, one would dismiss the Savarkar project as one of those crackpot ideas that extremists think up. Given the power and the devotion, however, one has to take stock of the long-term implications of the project, and in doing that one has to understand what is unique about the RSS and the way in which it organises this project, quite beyond the electoral calculus.
SINCE its inception during the 1920s, the RSS has been primarily interested, from the side of the Extreme Right, in what Antonio Gramsci once called a 'war of position'. It has been engaged, in other words, not in short-term electoral power but in long-term historical change. For this reason, then, it is really not possible to gauge the power of the RSS from the electoral fortunes of the BJP, especially if we do not sufficiently appreciate that the design for historic change may go on even as electoral fortunes fluctuate. In that larger project of historical change, the RSS has always calculated, I believe correctly, that if they can continue successfully to engineer fundamental cultural change, dividends in the electoral arena may come later but will then come more reliably and enduringly.
A second and crucial element, a secondary layer as it were, was added during the 1950s and has been a part of their design ever since, for reasons very palpable. Once the Republic of the bourgeoisie emerged as the primary form of rule in independent India, the RSS understood, after some floundering, as everyone else in India also understood, also after some floundering, that the electoral process is the one through which governments would now rise and fall, in any foreseeable future. This process they have sought to address, and have so far addressed with impressive success, first through the Jan Sangh, which culminated in their central role in the Janata Government, and then through the BJP, an extremely sophisticated political machinery in charge of government these days which is run strictly by veterans of the RSS; there is hardly any significant leader of the BJP who is not such a veteran.
This game, too, the RSS has played with dexterity. Ordinarily, in mature bourgeois democracies, there are very sharp constraints within which any political force is permitted to propagate its politics of hate. In Germany or Italy, for example, where stable democracy is not much older than in India and where neo-fascists are fairly strong, the politics of hate in the post-War period has so far been contained on the margins of society. In India, by contrast, and through much trial and error over virtually half a century, the RSS has understood that the constraints are much less operative, but also that the constraints do exist. The BJP is there in order to keep testing the limits of constraints, so as to expand constantly the scope for irrationalist politics, but also to capture governmental power within the general framework of those constraints, however brittle these might be. The Shiv Sena, by contrast, cannot emerge as a major national force precisely because it recognises no such constraints. The RSS does.
The main objective of the RSS is not parliamentary politics, however, but the politics of hate so as to undo the traditions of secularism, democracy and socialism that have embedded so powerfully in at least a substantial part of modern India, and to re-make the whole of India in its own image. Most of that project it pursues not through the BJP, the parliamentary front, but through the other fronts, such as the VHP and the Bajrang Dal, designed more specifically for those purposes. A mark of their great success is that they have convinced the liberal media, and perhaps many beyond even the liberal media, that the distinction between the BJP and the VHP is not merely procedural but real, and that what we are witnessing is not a division of labour within a cluster of fraternal groupings but a fundamental political difference.
Some of that basic project of uniting a majority of Hindus the RSS pursues through the BJP as well, however, and it is a sad comment on the nature of our polity that the BJP has benefited so spectacularly from campaigns of hate. This too we find difficult to concede. It is thought best not to recall, for example, that in the elections of 1989, which marked the resurgence of the BJP that is yet not over, 47 of the 88 constituencies that it captured were ones which had experienced the most virulent forms of communal violence during the preceding year.
Nor is it comfortable for us to contemplate the possibility that this politics of hate may actually be popular among key sectors of the Indian polity, notably the professional middle classes and the trading bourgeoisie in northern India. Thus, for example, a MARG opinion poll conducted between December 17 and 23, 1992, soon after the destruction of Babri Masjid and in the midst of the massive communal violence that ensued, showed that 52.6 per cent of those interviewed in the North approved of the demolition (as against 16.7 per cent in the South, it must be added).
That this is a derangement especially common among the well-off becomes refreshingly obvious, however, if we consider yet another statistic from roughly the same time: a survey conducted in Delhi and western Uttar Pradesh showed that while 60 per cent among white-collar professionals and 62 per cent of traders approved of the demolitions, among workers the support fell to 28 per cent.
The point in citing these statistics is not to suggest that the politics of hate has some inexorable logic in our society, equally among all classes and regions in the country. The point is to say, rather, that the politics of hate is much more popular among the beneficiaries of the system than among its victims, and that it is most effective among the social segments and in regions which have been much more influenced by right-wing politics in general.
Having said that, however, it is also the case that the consent it commands is very widespread in society, especially among the politically powerful and influential segments; and that this consent has been very much on the increase over time. What accounts for this power of the politics of hate in a society where at least the urban intelligentsia cultivates for itself and for the country an image of liberal tolerance, benign spirituality, and so on?
THE first reason can be traced back, I believe, to the earliest period of our modernity, and to the colonial character of this modernity. The very sense of history of the first generations of the Bengali intelligentsia was deeply marked by the colonially propagated ideologies of Aryan identity, Vedic purity and "Muslim tyranny". The typical reform movements of the late 19th century were markedly revivalist in character. Based as they were among the beneficiaries of traditional systems of caste and property, the reformers frequently had a vested interest in propagating a romantic notion of the cultures of the upper castes to which they themselves belonged and which were now presented as the very essence of being 'Indian' and 'Hindu'.
Precisely at the time, during the closing years of the nineteenth century and the opening ones of the twentieth, when representatives of Indian economic nationalism were formulating analytic procedures for explaining colonial exploitations, some of the most influential figures in the literary and cultural fields were deeply attracted by a cultural nationalism that was distinctly revivalist in character and religiously exclusivist by implication. Neither Bankim Chandra Chatterjee nor Aurobindo, neither the Swadeshi Movement in Bengal nor the Shivaji cult propagated in Maharashtra by such icons of Indian nationalism as Bal Gangadhar Tilak himself, were quite untainted by that kind of revivalist fervour. Indeed, so powerful was the revivalist culture of the upper castes that when anti-Brahminical movements surfaced in Maharashtra, whether under Jyotiba Phule or B.R. Ambedkar, it was the extremity of the backlash of the upper castes in that region that gave us the RSS in the first place.
This is not to say that either Tilak or Aurobindo would be quite approving of what the Hindutva of our own day is and does. And yet there is enough there for a common sense to prevail today among sections of the urban upper castes and middle classes, in various parts of India, especially the northern and the western, to be persuaded that the social vision and cultural idiom of this modern-day Hindutva is descended from that general ambience of our 'renaissance' and 'awakening'.
Indeed the potentials of that kind of revivalism were so pernicious that Rabindranath Tagore was to warn at length, already in the second decade of this century, that there was only a short step from revivalist zealotry to communal frenzy. In two of his great novels, Gora and Home and the World, whatever other shortcomings those novels might also have, Tagore was to portray with great sensitivity and acumen how revivalist politics and communal closures may be particularly tempting to the socially insecure and the upwardly mobile.
THAT, then, is the first point: the sheer persistence of Brahminical revivalisms at the very heart of what were expected to be structures of our modernity and which never did give us any kind of modernity, precisely because of the extensive compromises they made with colonial representations of Indian history and because of their interest in representing their caste cultures as our 'national culture'. Hindutva has derived much comfort from those revivalisms.
Second, then, one can say that since the advent of mass politics in India during roughly the 1920s, there have been essentially three alternative visions that have competed for dominance here.
There is of course the vision represented by the Communist and pro-Communist Left, which has been committed to creating a modern, civil, secular, democratic culture and which has held that such a culture cannot come into being, in the specific conditions prevailing in India, without also building a genuinely socialist society: socialist in a sense far more radical than the Nehruvian. Second, and far stronger, has been what one might call the vision of national independence together with social reform, industrial capitalism, and a political democracy - in short, a modern bourgeois order. Finally, there has been the conservative, caste-based elitism which came eventually to be monopolised by the RSS, with considerable fuel from the Hindu Mahasabha, which had itself come into being in opposition to both the Communist and the bourgeois-nationalist movements.
If the Communist movement was inspired by Marxism, Hindu extremism was undoubtedly inspired by Fascism, as the direct links between Italian Fascists and such leaders of this extremism as B.S. Moonje and Shyama Prasad Mookerjee would testify. The conflict between the two visions was inevitable because they represented radically opposed visions, both on the national and the international scales. Within the country, though, the third vision, that of capitalist democracy in the framework of an independent polity, was by far the dominant one. So, whether a culture of civic virtues or a culture of hate and cruelty shall prevail in our country has depended, in general, on the actual balance of forces among these competing visions, which we could also describe as visions associated with the Left, the Centre, and the Right respectively. Whether or not the Right could be contained depended, in other words, on whether or not the Centre would hold and incline, for its own survival if not anything else, toward the Left.
THE politics of hate has been both the moment of birth as well as the chief instrument of expansion for the RSS, considering that it was founded in the aftermath of the Nagpur riots of 1923 and was already playing a role in the later riots of 1927 in the same city. Then, before Independence, the RSS had two brief moments of growth: between 1939 and 1942, when the national movement was very much on the defensive and the colonial state was assisting all kinds of communal forces; and then during the 1946-48 period when the RSS had much room for action in the midst of the communal holocaust that accompanied Partition. Its involvement in the assassination of Mahatma Gandhi put an end to all that, however, even though Sardar Patel did get it off the hook by legalising it again.
The astonishing fact about communal violence in India is that it was at its lowest level during the first decade after Independence, when the memory of Partition and the attendant violence was the sharpest; and that the intensity of this violence has increased with every succeeding decade even though Partition, which is said to explain the virulence in northern India, keeps getting more distant in time.
Although Nehru was relatively isolated even within the Congress, he and his associates seem to have been successful in stemming the communal tide during the 1950s. Political discourse within the nation was preoccupied with issues of land reforms, planned development and India's place among the newly decolonised states and in the anti-imperialist movement of the non-aligned. The Communist Party was the main Opposition, and the contest therefore was between what we have described as visions of the Left and the Centre. The Right, the RSS with its newly formed parliamentary front of the Jan Sangh, was simply sidelined.
What began to happen thereafter is that the Centre, or what could have been the Centre, kept collapsing. Powerful elements of the ruling class in northern India, from the former ruling families of the princely states to sundry Marwari capitalists, patronised the RSS with a vengeance; Vajpayee's own early parliamentary career from Gwalior is inconceivable without the key patronage from the Scindias. Then there was the political elite. The roll call of those who were associated with the RSS in one way or another is embarrassing for all those who believe in some essential secularism or even the civic decency of this elite. From Vallabhbhai Patel to Gulzarilal Nanda, with Jayaprakash Narayan and the whole Sarvodaya crowd in between, not to speak of myriads such as Dr. Karan Singh, large sections of this elite, so polite and liberal otherwise, trusted and cooperated with the RSS quite gladly.
But then, there were at least two other features of politics in India during the period after the 1960s, as communal violence began to escalate, which contributed to giving us a more generalised culture of cruelty. One was the routine participation of large numbers of police and paramilitary personnel in communal violence, almost always on the side of Hindu communalism and across a wide territory from, let us say, Meerut and Moradabad in Uttar Pradesh to Ahmedabad or Surat in Gujarat or Bombay in Maharashtra, without fear of any severe punishment from the ruling party of the day. The second was the propensity of the Congress itself to play what was quaintly called 'the communal card', so that one was faced with a macabre field of competing communalisms practised unequally but fervently by what were once conceived of as the 'Right' and the 'Centre', and it became difficult to tell between the pragmatic and the programmatic communalisms of the respective parties.
It is in this larger context, then, that images of those burned houses and torched crosses can be flashed into the living rooms of the affluent across the country, and nothing really happens in response. This kind of indifference to communal violence is made all the more possible, however, because the victims are poor and, even as Christians, at the lowest possible rung of the caste society. It is only the cynicism of the VHP which can terrorise them on the one hand and urge them, in the same breath, to return to a Hindu fold that was never very keen on them in the first place. Communal violence is combined here, then, with the violence of caste and class. For what has become more marked in independent India with each passing decade is not just a vortex of communal hatreds but a much wider culture of cruelty in which polarisation of castes and classes have been at least as bloody as conflict of religious or denominational communities.
Aijaz Ahmad is Senior Fellow, Centre for Contemporary Studies, Nehru Memorial Museum and Library, New Delhi. He is a leading theorist of culture and the author of 'In Theory' and 'Lineages of the Present'
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