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Which are some of the less exploited but promising avenues for practicing Chartered Accountants in India?

The following are a few promising fields that have opened up for CAs. Please remember that the CA qualification can be compared to an MBBS qualification and further specialisation is required akin to an MD specialisation to exploit the opportunities.GST Audit and Tax advisory services : Many entitities have to file their annual returns under GST with reconciliation as of 31st December of every year. Audit report either of a CA or CMA is required. This is one of the nascent areas recently opened up for practise along with GST advisory services.Valuation of Financial Assets : Valuation of Financial Instruments under IND AS and other valuations as required under the Companies Act 20123 requiring a valuers certificate. Practicing CAs are eligible subject to eligibility conditions as prescribed by Central GovernmentInsolvency Professional : A Chartered Accountant,who has enrolled as a member of ICAI and has ten years of experience [Regulation 5(c)(iv) of the IBBI (Insolvency Professionals) Regulations, 2016], Successfully completed the National Insolvency Programme, as may be approved by the IBBI [Regulation 5(c)(i) of the IBBI (Insolvency Professionals) Regulations, 2016], or Successfully completed the Graduate Insolvency Programme, as may approved by the IBBI [Regulation 5(c)(ii) of the IBBI (Insolvency Professionals) Regulations, 2016].And Has passed the Limited Insolvency Examination within twelve months before the date of his application for enrolment with the insolvency professional agency [Regulation 5(a) of the IBBI (Insolvency Professionals) Regulations, 2016].And Has completed a pre-registration educational course, as may be prescribed by the IBBI, from an IPA after his enrolment as professional member. [Regulation 5(b) of the IBBI (Insolvency Professionals) Regulations, 2016].IT (Laws) and Compliance: Information technology has changed the way the world works. Things that used to take days are now completed within hours and minutes. A single person can now run an entire business thanks to IT. Information Technology is a technical domain that runs parallel to all modern industries and helps in making them more efficient. IT laws and regulations, and compliances under these laws have become extremely important especially under increased cyber threats and information distribution concerns. There are also areas like e-waste regulations and compliances regarding the same. Why do you need to know about it? IT has updated the entire process. Gone are the days when CAs were thought of in the same vein as a “munshi”. Today's CAs have access to an entire new world. CAs are now expected to recommend the best practices to management and reduce costs to aid savings while focusing on improving profits. They must also advice their clients on compliances under various information technology laws, such as data protection, having the right paperwork in place for online businesses and even policy issues at times. If you are looking to expand your expertise in a new area, then IT laws is definitely a great option. You can, for example, gain expertise in e-commerce & fintech regulations. You could also get a well-known certification in cyber law for increased credibility in this field. Also fields like Data analytics and Cyber security assurance are fields where a CA could thrive and use his logical and analytical skills.Labour and Employment laws compliance and advisory: All the laws regarding labour and employment come under the broad category of 'Employment Law'. It is responsible for protecting the rights of the labour force and with the help of amendments and judicial clarifications in the Industrial and labour laws, balance the interests of employers and employees. India is expected to rapidly reform its labour laws, and a lot has already been changing, to make India a competitive place to do business since its labour laws are often considered backdated and unfriendly to new age businesses. Still, India has hundreds of labour legislations that are complex to understand and follow. Labour laws enumerate the various rights and obligations of the employees and employers. It covers a range of issues from employment contracts, payment, procedures, settlement of dispute, statutory compliances, maternity benefits, leaves and holidays, workplace injury and compensation, gratuity and provident fund related issues, registrations and maintenance of various statutory registers and such other aspects. Why do you need to know about it? CAs are often expected by clients to take care of all the compliances. Clients automatically come to CAs for employment related compliances as well. There are definitely specialized firms that handle only employment law compliances. However, most SMEs and traditional business folks find it more comfortable to deal with their existing CA rather than roping in a new services provider. As a CA, with the necessary knowledge about labour laws and procedure, you can create an additional area of practice and revenue stream by taking care of these compliances and even advising clients on the same. Some of the areas to explore here are: Policy drafting - Various workplace policies such as whistle blower policy, conflict of interest policy, CSR policy, anti-sexual harassment policy etc. - you can make a suite of policies and provide the same to your clients with customization as required. Labour law audit - offer a labour law audit to your clients. Most of them are stuck at various degrees of non-compliance and have no idea Offer registration services - there are many registrations required under labour laws for both manufacturing and white-collar offices. Most of the time SMEs have no idea about these and big companies are happy to outsource what they consider to be drudge work. Maintaining various records, registers and displays - India has a plethora of labour laws under which many records, registers and displays are supposed to be maintained. You can help your clients to become compliant with these laws.Contract Management and Advisory: Commercial contracts include joint venture agreements, terms and conditions for services, vendor agreements, purchase and supply agreements, service level agreements, franchise agreements, shareholders' agreements and lease and rental agreements amongst others. Many business agreements are quite simple and does not require massive amount of legal knowledge to either draft or negotiate. A smart person, with minimal experience, can easily work with a good template and churn out a decent business contract in a large majority of business situations. While one could go to a law firm for expensive contract drafting services, which is often justified when stakes are high, for day-to-day matters simple standard form templates do just fine.Bigger accounting firms usually collaborate with legal teams to make templates for all the necessary contracts a company might need, from employment and founder agreements to vendor agreements. These need to be updated regularly keeping the latest laws and changing business scenarios in mind. Chartered Accountants are asked to advise on contractual matters once in a while because of their vast knowledge of compliances and regulations, but primarily because not every contract is worth hiring lawyers. To improve skills on contract drafting and even negotiation, one has to undergo a contract drafting and negotiation course or have an LLB degree as an added qualification. Clients often look at their CA as a friend, philosopher and guide. If you are able to advice clients on their contracts, or explain to them about the merits or demerits of a clause, it will only increase your value as a trusted business advisor.Government Procurement and Tendering :Organisations, institutes and governments send out formal structured invitations called ‘Request for Tender’ to prospective suppliers or publish in the newspapers or designated notice boards to submit a bid to supply particular products and/or services. There is an elaborate bidding process. Government being a big spender, clients can make a lot of money from a tender if they get it. However, the complexity of this bureaucratic process requires them often to get some expert help. As a CA you can be very useful to any supplier looking to secure a government contract. You already have much of the prerequisite knowledge regarding compliances, conditions and regulations to help in this process. However, a specific knowledge regarding how government contracting works, laws, regulations and important judgment related to tender and bidding process is necessary. The Government has come out with a lot of strategies to help SMEs especially to ensure that they get a good part of the government contracts available. Many tenders are reserved for SMEs and small companies. These SMEs, many of which may already be your client, may not have gotten started with government contracts. As a CA, you can open that door for them, guide them and as a result, help them to grow. You can learn more about managing government tenders from our certificate course on Government contracts, tender management and regulations. A lot of businesses can do better only if they have a more knowledgeable person guiding them through the process. As bigger consulting firms hardly ever consult smaller businesses, you can fill the void and manage the tender applications for these smaller suppliers.Due diligence: Due diligence refers to a comprehensive set of steps taken by a prospective buyer to appraise and get an accurate understanding of the assets, liabilities and commercial potential of the deemed product. Due diligence is very important as it enables you to understand and fully grasp the positive as well as negative outcomes of getting involved or investing in something. CAs have always been involved in financial and tax due diligence, which is part of every M&A, investment deal and any large finance round. However, CAs are not always comfortable with conducting a legal due diligence, nor is it appropriate for CAs to give legal opinion. However, with a lot of growth (and deals) coming from the startup market, there is a need of professionals who have a broader understanding of things and possibility of hiring multiple professionals is limited. Clients in this market prefer a professional who can look into all the sides. This gives CAs an opportunity to be more competitive if they understand the legal due diligence process apart from financial and tax due diligence.Chartered Accountants are very well aware of due diligence with years of experience starting right from articleship. If you want to succeed and advance in your career, you have to be very good with your due diligence. You need to be thorough and detail oriented. Every CA has had enough exposure to due diligence and yet you see some being better at it than others. Due diligence is a very hands on process and requires a lot of time and effort, but it also opens you up to bigger things since it is so obviously needed. A CA having additional knowledge on legal side due diligence can be very impressive.Intellectual Property :As IP is becoming increasingly important to a large number of businesses, in booming sectors like media, technology and pharma, the CAs who work with them are increasingly facing IP related issues. The work varies from valuation of intellectual property to licensing and assignment deals. Building and enforcing internal standards for managing IP portfolio is also a major area of work where CAs have natural proclivities and these fit nicely into existing responsibilities. CAs can benefit a lot by learning more about IP laws, regulations, IP contracts and best practices in the market related to IP. CAs can now file trademark and copyright .Corporate Governance :Corporate Governance refers to the system of rules, regulations and practices by which a company is directed and controlled. It basically involves balancing the interests of the company, its' investors, the shareholders, the workers, the suppliers, the vendors, government and the community. Good, stable and a well thought out corporate governance system is responsible for the smooth operation of any company. It identifies the rights and responsibilities among all of it's' participants. In fact, listed companies which are known to have amazing corporate governance receives a premium in the marketplace as investors consider the risk of investing in such companies to be much lower. Especially foreign investment flows mostly to only such companies, which makes every listed company very interested in corporate governance. CAs being the quintessential business advisors, can play a big role in corporate governance. In fact, many of the most prized independent directors, and even executive directors are well known CAs. Chartered Accountants need to apply fine principles of Corporate Governance when called upon. You have the potential to do a lot in this field. You can provide specialized guidance in designing the code of conduct, risk management framework and all the regulations associated with them. You can also work on things like whistleblowing policy and implementation, sexual harassment policy and implementation, conflict of interest policy etc. Managing finance of the company is another major area of work for CAs, but they can sometimes fall short on knowledge in certain specialized areas such as negotiation of term sheet for investment (for angel or VC investment), FDI or ECB regulations, or maybe corporate insolvency resolution. Corporate Governance is one of the more important tasks that come across an accountancy firm desk and it is not just plain corporate compliance. There is a strategic angle to corporate governance. So update your skills to match the demand.Special Economic Zone Laws :Special Economic Zones (SEZ), which are specially designated zones where export oriented units function under relatively easy laws and regulations have been attracting massive amount of Foreign Direct Investment and number of announced SEZs stand over 500 already. Out of these, according to the government, as of December 2017, 222 were operating. SEZ is serious business as most of export oriented manufacturing, services and trade is quickly shifting to various SEZs. Interestingly, SEZs have unique rules, regulations and compliances. This is an excellent area of practice to target.Corporate Social Responsibility : Corporate Social Responsibility refers to the role that corporations are expected to play in meeting the agenda of sustainable development by providing a balanced approach towards economic progress, social progress and environmental stewardship. Even though CSR in India tends to focus on what is done after the profits have been made, as per the Companies Act of 2013, India became the first country in the world to mandate and quantify CSR expenditure. It effectively requires certain big companies to give a minimum of two percent of its profit to charity.There has been a considerable increase in the CSR spending by companies. CAs are often called on to audit CSR projects, and even handle CSR committees that companies are required to set up. Shortlisting, approving and coordinating CSR projects also require qualified professionals with financial acumen. Concepts like “inclusive growth” and “responsible enterprise” are actually being used to bring about better corporate governance. You can make a positive change in the society by spearheading or advising on effective CSR projects.Foreign Direct Investment : Foreign Direct Investment refers to an investment or buying equity interest in a company by a foreign entity or investor or acquiring business assets of one country by an entity based out of another. FDI is a critical part of India's economic growth and is a major non-debt source of capital for India Inc. Foreign companies look forward to investing in India because of the lower cost of resources and wages as well as special investment privileges that the Government of India offers. Many accounting firms as well as independent accountants have already jumped on this bandwagon over the last 2 decades as FDI juggernaut has so far been unstoppable. FDI related work usually pays very well. If you have the knowledge about the regulations, compliances, documentation, usual negotiation points and restrictions about FDI in different sectors,External Commercial Borrowings : External Commercial Borrowing basically refers to a loan availed by an Indian entity from a non-resident lender. These loans are mostly provided by foreign commercial banks or financial institutions. ECB is one of the prominent forms of foreign funding. The Indian Government has a very comprehensive policy regarding ECB that regulates the flow and puts the necessary restrictions, interest rate ceilings, maturity period, ceiling on total amount borrowed et cetera. ECBs provide the opportunity to borrow a significantly large amount of money with a possibly longer terms and lower interest rates. As a CA with a substantial knowledge of corporate law and the regulations surrounding ECB, you can help corporations raise ECBs from internationally recognised sources like banks, international markets, etc. These deals help secure a substantial cash reserve which can be used to help the company jump leagues ahead of the competition if used well. There is tons of work for CAs to do in this, including project viability reports, RBI compliances, general advisory and preparation of documents.Foreign Contribution Regulation Act : Non-profit organisations and NGOs are supported by funds received from foreign donors/initiatives/groups. Just like companies, NGOs and not-for-profit societies, trusts and foundations also need a CA. Especially in this area, a CA with precise knowledge of the regulations and conditions, as well as experience of dealing with the government is critical. This is a good and undervalued niche with good potentials wherever there are many NGOs. As a CA, one can help clients to register under the required government regulations and follow all the prerequisite conditions in case they would like to continue to receive foreign contributionFinancial and Technological laws (Fintech):he fintech market is relatively new to India. It started as small mobile payments initially and has since grown into a vibrant and diverse market. Fintech generally refers to companies that use technology to provide financial services. Fintech-specific laws have still not been placed in the country although RBI has certain regulations in place. SEBI has formed a panel to oversee fintech's impact on the market. From cryptocurrencies changing how banking is done around the world to creating new asset classes, blockchain technology making headlines every day, digital goods in games like Second Life becoming a billion dollar economy, fintech is probably the fastest growing sunrise industry today. Many professionals would love to get a piece of this pie except that they have no idea how to. As India doesn't have up-to-date fintech laws, it is in the perfect situation. This has made India the hotspot for the global fintech market. Every major and minor player is coming to India also because of its massive market which is extremely cash heavy. Currently there are no major restrictions or prohibitions to the fintech market although stricter norm are rumoured to be put in place soon. This gives every CA a unique opportunity as a man with the know-how. You can utilise the pre-existing knowledge of corporate laws, acquire fintech specific knowledge and make good money by helping out the burgeoning bandwagon of companies starting up in this space or looking to enter the Indian marketplace.Mergers and Acquisitions (M &A): ergers and acquisitions - the inorganic processes through which businesses attempt to achieve exponential growth, new market entries, vertical expansion and a lot more - have always been a special area of interest of lawyers, bankers and CAs. As the stakes involved are usually very high, this work pays extremely well. M&A has been a tough practice to break into where the big 5 have a stranglehold. However, in India the M&A industry is growing quite fast, with ever expanding and formalizing economy combined with the national push towards a digital India working its way with the startup culture. There is a lot more M&A work than ever. However, trained professionals are few. You have to understand that the startup boom of the last few years have created a new window of opportunity in the M&A market in India which never ever existed, and it seems that the window is growing bigger with the startup ecosystem maturing. There are fewer frivolous startups, but funding and acquiring activity is really frenetic. Apart from full acquisitions, acquihires are quite in vogue. As a CA, you are already likely to have quite a bit of knowledge on the subject matter. However, M&A are complicated processes that require a lot of legwork, and new practices are always evolving in this high speed high stakes market. Most of the big companies in the world, employ one of the Big Four alongside their legal firm to handle and oversee M&A. However, currently, a lot more than just fortune 500 companies have started to engage in M&A deals. In fact, M&A is quite hot right now in private companies' space, apart from mid-cap and small cap. Even SMEs are looking and M&A with technology companies leading the pack. Not all acquirers are comfortable with paying big firm fees. If you have a look at some of the most successful companies in the last decade, they have grown from small startups in somebody's basement to multinational conglomerates by always expanding. Even relatively smaller startups are always considering acquisitions and acquihires. As a CA, you have a clear opportunity to help yourself and your firm by learning as much as you can about M&A. Accountancy firms generate a lot of revenue through M&A.Import Export Laws : India's import and export processes are regulated under the Foreign Trade Act of 1992 and the EXIM (Export Import) Policy. These laws regulate both the processes while simultaneously categorising and classifying all the goods involved. As import-export dynamics dictate a significant part of the national finances, these laws are very judiciously implemented and enforced. Import-Export is one of the most profitable commercial avenues that exist in the world now. A lot of this money-making operation depends on the knowledge of the people that undertake them about trade barriers, taxation rules, customs regulations, et cetera. These laws are changed internationally on a regular basis depending on financial stability or diplomatic relationships. As a CA, if you are well-versed in import and export laws of the country and can make the effort to learn about others, you can find yourself a very good position as counsel to companies and organisations that are involved in this business.Startup Advisory : There is a lot of opportunity for this market to grow in coming years, and CAs who specialize in startup related work have a great demand in the market. At the lower end the work is very simple and competition is steep, but as one goes to the higher end of the market, work is sophisticated, competition is few and pay is good. Focusing solely on venture funded companies is probably a bad idea, though they can make excellent clients too. Those who are new in this area should start with sustainable but small startups working hard to claw their way up the value chain. Long term bets are likely to pay off better at this point of time in the startup market. Also, noticing new and important trends are important. At the moment, machine learning, blockchain and AR/VR are the major trends in the startup world. The next trend could be adaptive security architectures, or voice command solutions. There are many possibilities, but a startup advisor has to identify trends early so that they can be at the right place and the right time.Risk Management Professional ( CRO) : Organisations with a dynamic business environment require a professional with expertise to map the risks and lay out strategies to manage risk. A CA with a risk management certification gets an edge since he has the knowhow to better handle emerging situations and isolate risk factors and handle the outcomes in a better and planned manner

Why should or shouldn't one vote for Narendra Modi?

I will not vote for Modi. I have my own reason. I would never prefer a fascist as my leader, never. I am OK with the less development of our society. I don't want to be the German of 1930's and 1940's."It is easy to spread a lie than to convey the truth"I am very loud about my opinion on NaMo. Here are few reason I wont vote for Modi:Modi’s achievements are lots of hot air, no amount of hate propaganda against people who question that, can suppress this truth. Fanboys want only to hear stories of achievement; an extremely small achievement becomes huge and achievements are created out of thin air, any counter to that comes with hate and abuse, no matter how powerful the argument is.When the fan boys professes rationality they try every trick to move you away from the point you are making. Well all this does come with some fun, hilarious stupidity of claims and talks to justify them.Claim #1Gujarat’s GDP growth under Modi is exceptional.Gujarat’s growth is inline with other progressives states of India.Claim #22003-2013 is the only 10 straight years ever in Gujarat history which are complete Riot-free.Large scale riots happened within Vadodara in 2006 and regular stream of incidences kept on happening regularly all over Gujarat.Claim #3Automobile majors are flocking to Gujarat because of great industrial climate Modi has created.Tata was given sops worth Rs. 30 Thousand Crores for investing only a fraction (Rs 2 Thousand Crores) in Sanand, Gujarat. That’s what brought Nano to Gujarat.Claim #4Gujarat is only state in the whole India to provide 24*7 and 365 days electricity to almost all of its 18000 villages.Still 8% of Gujarat ‘s households use Kerosene as the primary means of lighting. Gujarat was 100% electrified even in 1996.Claim #5Every Gujarati is in love with ModiLess than 50% Gujaratis are voting for Modi and around 40% are voting for Congress. BJP’s high vote share pre-dates Modi.Claim #6In WikiLeaks US diplomat described Modi as “incorruptible” — in fact, “the lone honest Indian politician”.No US diplomat mentioned that. On the contrary, complete reading of the cable is an another proof of “pseudo-secularist” charges on Modi (downright communal, big-ticket corruption and low on achievements).Claim #7Gujarat’s agriculture growth is 10-11% since whole last decade.In last 6 years, Gujarat’s agriculture had -ve years of growth -1.08% (2007) & -8.71% (2009), and a zero growth year 0.3% (2010).Claim #8Gujarat tourism is growing faster than ever before.Gujarat tourism’s percentage share and rank is stagnant during most of Modi’s tenure.Claim #9According to central govt’s labour bureau’s report, Gujarat has the lowest unemployment rate in country.As per 2012 report, Gujarat was ranked 1st among states (excluding UTs), which has fallen to 5th in 2013 report.Claim #10Gujarat is the first state in country to have “high speed wireless broadband” service in its all 18000 villages.BSNL brought WiMAX to Gujarat. Ironically this is one of deals for which former Telecom minister A. Raja is under investigation.Claim #112010 Forbes magazine rated Ahmedabad the fastest growing city in the India and 3rd in World.Everything about this claim is falsified and misleading.Claim #12Modi made the Asia’s biggest solar plant.Intending: Solar energy revolution was started by Modi.Solar energy revolution in India was started by UPA govt in 2010.Claim #13World bank’s statement of 2011 said, Gujarat roads are closer to international standards.World Bank gave no such statement. Claim is a gross exaggeration of a World Bank report.Here are the details with ReferencesCLAIM #1Gujarat’s GDP growth under Modi is exceptional.Fact: Plain lie.It’s pure propaganda that Gujarat’s growth is exceptional under Modi. Not only Gujarat was one of most industrialized state of India in the past, but also Gujarat’s growth almost always surpassed that of India. Nevertheless, the recent GDP growth numbers of Gujarat are in line with other industrialized states of India like Maharashtra and Tamil Nadu.Gujarat had an extremely poor growth during 1997-2001 and even a 5 percent fall in 2001 (negative growth). Thereon, the growth numbers look better, but that’s only a temporary recovery, that’s why after 2005, Gujarat’s GDP growth is in line with other industrialized states of India like Maharashtra and Tamil Nadu. Modi was made CM in 2001. However, if you compare Gujarat GDP growth pre-1999 to post 2005, Gujarat GDP growth looks to have slowed down a bit compared to the rest of India.References: Page 6, State Domestic Product 2009-10, Gujarat State, The Directorate of Economics & Statistics, Government of Gujarat.Page 142, Real Growth Rates of States GSDP % at Constant Prices, Data for use of Deputy Chairman, Planning Commission, 03 May 2013.Prior to Modi’s CMship, Gujarat’s GDPTaking the “progressive” states in India to be Maharashtra, Tamil Nadu , Andhra Pradesh, Gujarat, Delhi and Haryana. Reference: Page 144, GSDP at Constant Prices, Data for use of Deputy Chairman, Planning Commission, 03 May 2013.The GDP shares of these 6 states relative to each other is almost constant from 2004-05 to 2011-12. If Gujarat is doing well, so have been the other “progressive” states.In absolute GDP addition (2005-2012), Gujarat is way behind, Maharashtra.In below graph, State GDP as percentage of India GDP, Gujarat, a performing state, had an extremely bad 1997-2001 years, thereafter due to lower base; Gujarat’s growth rate, in immediate aftermath looks good. However, in last 5 years or so, Gujarat’s share of India’s GDP pie, has grown in line with other fast moving states at expense of known laggards (like UP & WB).References:1. RBI State Net Domestic Product 1984-20132. Page 142 and 144 GSDP at Constant Prices, Data for use of Deputy Chairman, Planning Commission, 03 May 2013.One of the well heard argument is that “Gujarat is top progressing state in India, because we live in Gujarat and we know it”. Even if by some magic you can feel whole of India by living in Gujarat, the all India growth data begs to differ. The Gujarat GDP growth rank have highs and lows, before year 2002 and after.Page 142, Real Growth Rates of States GSDP % at Constant Prices, Data for use of Deputy Chairman, Planning Commission.A better measure of growth is CAGR (Compounded Annualized Growth Rate) on this. Lets calculate, CAGR at constant price of 1994-1999 (five years, pre Modi period), 1999-2004(half of that under Modi) and 2004-2012(last 8 year under Modi). Well, Gujarat has almost have same CAGR in 1994-1999 and 2004-2012, but India (Maharashtra and Tamil Nadu also) has picked up growth substantially during these two periods.CONCLUSION:1. Gujarat’s GDP growth rate higher than India, predates Modi’s term.2. Initial GDP growth rate of Modi’s term, constitutes a recovery, from a low base of extremely bad 4 years of growth.3. Under Modi, Gujarat’s GDP growth is inline with other progressives States.CLAIM #22003-2013 is the only 10 straight years ever in Gujarat history which are complete Riot-free.Fact: Plain LieBelies even basic common sense, clearly when the inter-community trust reaching nadir, even a trivial incident like a motor accident can flare-up.Large scale riots happened within Vadodara in 2006 (no coincidence that next Gujarat elections were in 2007), but this time there were no Modi-protectors at Centre, so he had to fall in line.Apart from that, regular stream of incidences involving arson, stone-pelting, stabbing, lynching etc kept on happening regularly all over Gujarat – Ahmedabad, Rajkot, Dohad, Veraval etc.References:Vadodara: Centre sends paramilitary helpDelhi-wary Modi calls in the armyPTI May 3, 2006, 10.23am ISTNEW DELHI: As violence did not show signs of ebbing in Vadodara, the Centre on Wednesday dispatched five companies of 500 personnel belonging to paramilitary forces to assist the Gujarat police in containing the situation.Below are some references of incidences that keep on happening (will be many more, as not all get reported in first place and I have very limited links).11 hurt in ‘communal’ clashes in Rajkot, A’badCurfew in parts of Dahod after clashOne killed in riots in Bhavnagar26 shops gutted in Kodinar violenceViolence in Gujarat town, 3 deadThree die in Vadodara clashesGomtipur violence smacks of poll agendaReligious riots in western India leave two dead30 people hurt in in AhmedabadTension brews, violence spreads to KalupurCLAIM #3Automobile majors are flocking to Gujarat because of great industrial climate Modi has created.Fact: Plain lie.Tata was given sops estimated to be worth Rs. 30 Thousand Crores over a period of time for investing only a fraction (Rs 2 Thousand Crores) in Sanand, Gujarat. That’s what brought Nano to Gujarat.Modi’s sops to Tata for Nano Plant : Rs 30 Thousand Crores (estimated, on interest free loans and other sops)The details have been made known through a government resolution dated January 1, 2009, listing the incentives offered to the Tatas. The group has been given 1,100 acres in Sanand, 35km west of Ahmedabad.According to the agreement with Tata Motors, the government has decided to give the company a loan of Rs 9,500 crore for 20 years at 0.1 per cent rate of interest. By contrast, the CPM regime in Bengal had offered a subsidy package which included subsidies on land, power, tax paybacks and a soft loan of Rs 200 crore.The Gujarat resolution is, however, silent on the existing policy of the state on 85 per cent job opportunities to local people.Tata Motors’ investment in Sanand Plant Gujarat : Rs 2 Thousand CroresSpread over about 1,100 acres, the plant in Sanand has been created at an investment of about Rs 2,000 crore.Modi’s starting gift to Tata for Nano plantFree public money in form of Rs 9,570 Crore loan as the interest is 0.1% and payment time is 20 years (23% of Gujarat’s budget for that year).Plus, usual sops of tax and duty exemption, infrastructure development and 100 acres of land near Ahmedabad for township.Which businessman will refuse such a deal?Its “free” money that’s attracting, not Modi.Gujarat government have already approved the interest free loan exceeding Tata’s investment.According to a top official, a Gujarat government committee has approved a provisional loan of Rs 2,138.85 crore at 0.10 per cent annual interest, but the company’s demand is much higher.An counterexample of a “real” success story, whoever heard of ND Tiwari, must have heard of wrong reasons.The 2 Billion Dollar boom town.2002 to 2006 (four years) Pantnagar, Uttarakhand, 2 Billion Dollars invested, not proposed, at a fraction of sops offered by Gujarat.After all, India Inc is pumping in well over $2 billion in the Pantnagar Integrated Industrial Estate on the outskirts of Rudrapur. The sugarcane and paddy fields have given way to pre-fabricated industrial structures. Sturdy Sikh farmers atop tractors have had to make way for senior executives in cars and SUVs. The buzz of a boomtown is unmistakable.In the last two years, 397 plots have been sold at Rudrapur to set up industrial units. The list of buyers includes top companies like Tata Motors, Bajaj Auto, Escorts, Voltas, Britannia, Nestle, Parle Biscuits, HCL, Hewlett-Packard, Dabur, Kores India.India is growing, even poor old UP can boost of growth in high-tech industries Uttar Pradesh, Uttarakhand lead in high-tech manufacturing.Furthermore, Sanand after 5 years, so far only Maruti (2015) and Ford (2014) have confirmed investments. Even after humongous “free public” money doled, as of now, at best Sanand is huge hype.The famous argument of cascading effects of the plant, that will create employment and economic activity.The same plant if relocated to any other place in India, the effects would have been same (say Tata expanded it’s Pantnagar plant). Here a CM has lured away Nano plant using huge amount of money directly from Gujarat government’s coffers. What has the state gained till now, Nano has failed, so have “cascading effects of the plant” Tata Motors’ Sanand plant stays idle (April 2003 plant utilization was mere 4.5%).Well, some noteworthy points are1. Gujarat already had a history of automobile production, prior to Modi. Hindustan Motors had a plant in Halol (150 km from Sanand), which was bought over by GM.GM Halol.2. Rest of India continue to attract automobile companies. TN vs Gujarat comparison.List of vehicle plants in India Page 176, RBI State budgets 2007-08CLAIM #4Gujarat is only state in the whole India to provide 24*7 and 365 days electricity to almost all of its 18000 villages.Fact: Plain LieThis is a two part claim1. 100% village electrification2. Gujarat’s leadership in electricity availability to its populaceGujarat’s villages were fully electrified by 1996 (or even before), Modi has no role in 100% village electrification.Electrification of villages, Page 23, Annual Report 1996-97, Ministry of PowerMoving on to availability of electricity, refer to a report of Census 2011, Availability of Electricity Census 2011Percentage of households using electricity as the source of lighting in Gujarat is 90.4%, ranked 14th behind big states like (TN 93.4, Andhra 92.2), many smaller states and UTs. Thus, Gujarat is not the leader in providing electricity to its populace. Interestingly, Gujarat rank fell from 12th in 2001 Census to 14th in 2011 Census.CLAIM #5Every Gujarati is in love with ModiFact: Less than 50% Gujaratis are voting for Modi and around 40% are voting for Congress. BJP’s high vote share pre-dates Modi.Below are vote shares of BJP and Congress in 5 elections prior to Modi and 5 under Modi.In last, General Elections (2009) in Gujarat, vote share difference between BJP and Congress was only 3.5%. Correspondingly, seats won BJP 15 and Congress 11.In India electoral systems, winners are based on seats won in which Modi/BJP is clear winner, but that does not mean everyone in Gujarat is voting for Modi/BJP. Within Gujarat Congress too have a healthy vote share in range of 40%.References:Election Commission of IndiaCLAIM #6In WikiLeaks US diplomat described Modi as “incorruptible” — in fact, “the lone honest Indian politician”.Fact: Plain Lie, no US diplomat mentioned that. On the contrary, complete reading of the cable is an another proof of “pseudo-secularist” charges on Modi (downright communal, big-ticket corruption and low on achievements).This “fact” is based on Indian Express’s news item WikiLeaks show Narendra Modi honest: BJPNarendra Modi and the BJP today made the most of the latest diplomatic cables released by WikiLeaks, saying these showed that the Gujarat Chief Minister was “incorruptible” — in fact, “the lone honest Indian politician”.Dated November 2, 2006, the cable sent by Michael S Owen, the Consul General in Mumbai, refers to Modi’s growing potential as a national leader of his party and the need to engage with him to “directly” deliver a message on human rights.Here is the link from WikiLeaks of the Cable sent by Michael Owen, Consul GeneralGujarat CM Modi sets his sights on national politics 2006 Nov 2 Cable ID:06MUMBAI1986_a Modi has successfully branded himself as a non-corrupt, effective administrator, as a facilitator of business in a state with a deep commercial culture, and as a no-nonsense, law-and-order politician who looks after the interests of the Hindu majority.He has successfully cultivated the image of a clean politician who has reduced corruption in public life in Gujarat. Views differ on how clean and non-corrupt Modi actually is, however.However, several people tell us that big ticket corruption is still common.Since, when branding becomes reality or opinion, moreover the cable mentions commonplace existence of big-ticket corruption.The cable is extremely critical of Modi on various accounts (positive points also were also there)The Chief Minister is openly distrustful of the higher-caste party officials around him, yet is careful not to make caste an issue since he seeks the support of the Gujarati commercial class, most of whom are Patels or other higher castes.By all accounts, however, he is an insular, distrustful person who rules with a small group of advisors. This inner circle acts as a buffer between the Chief Minister and his cabinet and party. He reigns more by fear and intimidation than by inclusiveness and consensus, and is rude, condescending and often derogatory to even high level party officials.Modi continues to support a Hindutva agenda in the state, with the recent passage of amendments to the state’s anti-conversion law (ref A) being seen as a concession to his supporters on the Hindu right. Both supporters and critics of Modi confirm that the state government continues to use administrative tools to marginalize and ghettoize the Muslim minority.Although Gujarat tops all Indian states in terms of investment intentions, actual investment is far less, and certainly less than the neighboring state of Maharashtra.Ahmedabad does not have the visible construction activity, and increasingly noticeable foreign presence, of Pune in neighboring Maharashtra, for example.CLAIM #7Gujarat’s agriculture growth is 10-11% since whole last decade.Fact: Plain LieIn last 6 years, Gujarat’s agriculture had -ve years of growth -1.08% (2007) & -8.71% (2009), and a zero growth year 0.3% (2010).Importantly, functioning of Sardar Sarovar project, BT cotton and normal monsoon for last decade, have provided a great boost to Gujarat’s agriculture.Page 61, GDP by Industry of Origin, Data for use of Deputy Chairman, Planning Commission.Furthermore, another data table of Ministry of Agriculture, mentions Gujarat’s agriculture from 1996-97 to 2010-2011 (not given whether it is at constant/current price or gross/net DP), to have frequently years of high negative growth and high positive growth, the variance is so high, by selecting a year, the corresponding growth can significantly change over a period.Page 53, GDP by Industry of Origin, Data for use of Deputy Chairman, Planning Commission.By no stretch of imagination Gujarat’s agriculture growth is consistent 10%-11%.topback to listCLAIM #8Gujarat tourism is growing faster than ever before.Fact: Gujarat tourism’s %age share and rank is stagnant during most of Modi’s tenure.Detailed statistics of India Tourism since 2003 is available on the Ministry of TourismNote:1. Comparison, is up to 2011 only (as verified data is available till that date only).2. Statistics data of a state, fluctuates too much. In 2011 Karnataka tourism jumped 120%.3. Low bases, can look percentage increase in a year, impressive.Gujarat tourism and rest of India’s2003 (Page 48, Table 4.1), 2011 (Page 89, Table 5.1.2)Gujarat State Tourism Rank (Domestic and Foreign)Absolute increase in number of tourists2003 (Page 48, Table 4.1), 2011 (Page 89, Table 5.1.2)Conclusion, Gujarat tourism is growing almost in line with the national tourism, and lags far behind in absolute numbers.CLAIM #9According to central govt’s labour bureau’s report, Gujarat has the lowest unemployment rate in country.Fact: As per 2012 report, Gujarat was ranked 1st among states (excluding UTs), which has fallen to 5th in 2013 report.Labour Bureau reports page2012 Report2013 Report2013 Report lowest unemployment rates per 1000 among states is as follows1. Chhattisgarh 142. Karnataka 203. Madhya Pradesh 224. Andhra Pradesh 255. Gujarat 276. Rajasthan 32CLAIM #10Gujarat is the first state in country to have “high speed wireless broadband” service in its all 18000 villages.Fact: BSNL brought that to Gujarat. Ironically this is one of deals for which former Telecom minister A. Raja is under investigation.TimelineBSNL, US’ Soma Networks in tie-up for largest WiMAX dealJan 25, 2008 NEW DELHI: State-run telecom operator BSNL has tied up with US-based WiMAX solutions firm Soma Networks for the largest WiMAX deployment in the country covering four states in three circles. The proposed infrastructure would provide services to about 20 crore people in Gujarat, Maharashtra, Andhra Pradesh and Goa.BSNL Launches India’s First High-speed Wireless Broadband Network in GujaratFeb 26, 2009 AHMEDABAD, INDIA and SAN FRANCISCO, CABharat Sanchar Nigam, Ltd (BSNL), India’s state-owned and largest telecommunications company, and SOMA Networks, Inc., a leading provider of WiMAX solutions, today announced the commercial launch of “BSNL Wireless Broadband” service in the state of Gujarat.WiMAX comes to Goa, finallyJun 30, 2009 PANAJI: Almost six months after it was announced, Bharat Sanchar Nigam Ltd (BSNL) on Monday launched its Wireless Broadband service called WiMAX’ with a target of 10,000 customers for the first year. Twenty-five Base Transceiver Stations (BTS) have been installed on mobile towers across the state, mostly in urban and coastal areas, to serve the purpose, said BSNL officials.Incidentally, BSNL-SOMA WiMAX deal is under investigation in corruption saga of former Telecom Minister A Raja.A Raja may be booked in BSNL’s WiMax dealAug 26, 2011 NEW DELHI: In a move that could portend fresh trouble for former Telecom Minister A Raja, the CBI has registered a Preliminary Enquiry (PE) to probe the alleged bunglings in the allocation of franchisees of WiMax services by state-run operator BSNL.In January 2008, BSNL had selected Soma Networks for WiMax service in Gujarat, Maharashtra, Goa and Andhra Pradesh.In other words, its A Raja, who bought WiMax to Gujarat.CLAIM #112010 Forbes magazine rated Ahmedabad the fastest growing city in the India and 3rd in World.Fact: Everything about this claim is falsified and misleading.The World’s Fastest-Growing Cities1. This not a list by Forbes magazine, rather an opinion of Professor Joel Kotkin.2. This list excludes traditional powerhouses of Mumbai and Delhi, as outside of scope.3. Nowhere it is mentioned that the list is a ranking of some sort.4. It mentions three Indian cities Chennai, Bangalore and Ahmedabad, in no particular order.5. It’s a focused study, limited in scope for top cities. The top 7 Indian cities by population are Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Ahmedabad. So, only ones left out are Kolkata and Hyderabad.We have also passed over cities that have achieved prominence in the past 20 years such as Seoul, Shanghai, Singapore, Beijing, Delhi, Sydney, Toronto, Houston and Dallas-Fort Worth.Nor does our list include the massive, largely dysfunctional megacities–Mumbai, Mexico City, Dhaka, Bangladesh–that are among planet’s most populous today. Bigger often does not mean better.Instead, our list focuses on emerging powerhouses like Chongqing, China, which Christina Larson in Foreign Policy recently described as “the biggest city you never heard of.India, although not by plan, also is experiencing a boom in once relatively obscure cities. Its rising urban centers include Bangalore (home of Infosys and Wipro ), Ahmedabad (whose per-capita incomes are twice that of the rest of India) and Chennai (which has created 100,000 jobs this year). Many of India’s key industries–auto manufacturing, software and entertainment–are establishing themselves in these cities.The list intends that American came to know about the emerging economic centres in the World. I don’t think for an Indian, news that after Delhi and Mumbai, it’s Chennai, Bangalore and Ahmedabad, which are fast growing economic cities is an “astonishing” information.City wise links with for the said list are here Bangalore, Ahmedabad and ChennaiCLAIM #12Modi made the Asia’s biggest solar plant.Intending: Solar energy revolution was started by Modi.Fact: Solar energy revolution in India was started by UPA govt in 2010.Jawaharlal Nehru National Solar MissionJLNSM was launched on the 11th January, 2010 by the Prime Minister. The Mission has set the ambitious target.of deploying 20,000 MW of grid connected solar power by 2022.Jawaharlal Nehru National Solar Mission 2010-2011Since launch of the JLNSM, the capacity of solar power projects has grown from 8 MW in January 2010 to over 979 MW in the country.Clearly Rajasthan and Gujarat, being the biggest desert states in India, solar program was likely to have the largest impact there. Due credit to Gujarat though that it beat Rajasthan to first place.Rajasthan is second state to cross 500MW capacity markAccording to Rajasthan Renewable Energy (RREC), the agency responsible for implementing solar policy in Rajasthan, the state added 5MW of grid-connected PV in fiscal year 2010-2011, 191MW in 2011-2012 and then jumped by 314MW in the most recent fiscal yearRajasthan to Build World’s Largest Solar Power PlantThe Rajasthan government is gearing up to build an ‘Ultra- Mega Green Solar Power Project’ (4000 MW) close to Sambhar Lake, 75 km from the Jaipur capital. The power plant, which will spread across 23,000 acres of land, will be world’s largest solar energy project when completed.To complete the Renewable energy picture, Tamil Nadu is the leaderCentral Electricity Authority, Jan 2013Note: Hydro stations with installed capacity <= 25 MW are considered Renewable Energy.CLAIM #13World bank’s statement of 2011 said, Gujarat roads are closer to international standards.Fact: Plain Lie, World Bank gave no such statement. Claim is a gross exaggeration of a World Bank report.Source on these claims are primarily based on Times of India news item Gujarat roads closer to international standards: World Bank. The mentioned World bank report is here Maintaining road assets : a fresh look at the World Bank’s 1988 policy paper “Road Deterioration in Developing Countries” (English).This document is primarily an internal policy assessment of World Bank funding of road projects in developing countries. Developed countries, thus their “international” roads are outside the report’s preview. While the document is generally appreciative (it criticizes also) of Gujarat’s working model. Nowhere, World Bank said that the Gujarat roads are of international standard, let alone give a “statement”.Another article appeared in Times of India to “strengthen” this claim in 2012 Gujarat highways’ quality flies over global standard. The mentioned World bank report is here Project Performance Assessment Report.This report is an assessment of only two WB funded projects, not an all India study on roads.This Project Performance Assessment Report assesses the development effectiveness of two transport projects in India, the Gujarat State Highways Project (2000-07) and the Karnataka State Highways Improvement Project (2001-07).The report selected Gujarat and Karnataka, as these states have almost equivalent length of road network in 2011 (in fact, Gujarat and Karnataka, are quite close in terms of area and population also).Karnataka also had “World Class” roads in 2010ToI failed to mentioned that, the only other state that was evaluated, Karnataka also had “World Class” roads in 2010, only in 2011 there was a quality fall. The report sets “International Roughness Index” 4 as the expected result after project execution.The "Popular Claims" of Modi supporters are either Plain Lies or Low on Substance.

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