Dear Readers,

Hundreds were killed in Paris, Beirut, Ankara, Mali and Kenya in attacks by terrorists driven by religious extremism. Are these countries intolerant? India though tolerant is termed as intolerant by some who have ulterior motives and selfish interests. Hinduism does not believe in conversion or acceptance of religion by force. India has many pseudo-secularists. For the sake of Nation and Humanity, the Press, Secularists, Intellectuals, Writers, Actors, Actresses and Politicians should not create differences. The great Hindu Epic ‘Ramayana’ says “Siya Ram May Sab Jag Jani”. All beings are the image and reflection of God. In Bhagwad Gita Chapter XII S 14, Lord Krishna said to Arjuna, “Sarva-bhuta-hite ratah” i.e., “Engage in the welfare of all creatures to attain me” and “See self in all beings”.

Swami Vivekananda said, “Do not blame Hinduism or Vedanta. It is for universal tolerance, acceptance and equality. But curse power and money mongers. Islam multiplies on the basis of sword on one hand and Quran on the other hand. Christianity will grow on the basis of service. I believe in humanity. I love every dust of India. I have fallen in love with miserable men, women, and children of India”. Paramhansa Sri Ramakrishna said “A staunch Hindu was forced to embrace Islam. With great difficulty he repeated the word ‘Allah’ but every now and then blurted out ‘Jagadamba’. God has made different religions and creeds to suit different aspirants. Entire world is full of image of God.” Narendra Modi, the Prime Minister of India, during his recent UK visit, said that Sufism can have more influence on Islam. Diversity is India’s strength.

The Indian economy is one the highest growing economies among the emerging Asian countries as reported by the Economic Cooperation and Development, Paris. Growth will continue to be slow in China. Real growth in Asia is projected to be 6.2% annually over 2016-20. Forex reserves have increased slightly to $ 352 billion. There is a lot of traction in FDI. The government has proposed to withdraw most of the corporate exemptions and reduce tax rates to 25% from 30%. But effective rate will be 35% inclusive of many cesses. Exemptions are essential to boost investment, which is very low both in private and public sectors. Cost of new investment is high. It increases cost of inputs. New units and expansion become uncompetitive with the established units where the cost of capital is recovered. The RBI Governor, Raghuram Rajan, said that units are running 30% below capacity. It is good that since the last six months, banks have been converting debts into equity like Electro Steel Ltd, Lanco, Teesta Hydro Power Pvt. Ltd, Visa Steel, and Jyoti Structures.

Indians have been enterprising, innovative and talented. They have put the Nation on the path of growth by often venturing into new enterprises and trying to generate seed capital by putting at risk their scarce resources or borrowing money from family and friends. Indians have contributed hugely with their skill and talent towards the growth of the United States of America; where most of them had gone for higher education. In recent years, the Indian start-up ecosystem has been growing fast as it is often funded by venture capitalists. 3100 start-ups in 2014 is projected to grow to about 11500 by 2020. There is sustained inflow of capital into e-commerce. M-commerce or mobile commerce is slated to become the next big playing ground for start-ups. Increasing the number of mobile internet users will boost m-commerce valued at $11 billion by the end of 2015. Mobile marketing has helped brands to re-engage with customers efficiently by enabling them to target their customer base via handheld devices. Mobile marketing apps will have huge opportunities. It will effect employment of a large number of undergraduates.

Nasscom and Zinnov suggest that India start-ups with their unique solutions are witnessing increased traction in global white space opportunities. Some such start-ups are Snapdeal, Ola cabs, Flipkart, etc. Funding opportunities are essential for the growth of start-ups. Some got initial funding while many others are starving for funds. Funding is based on future earnings, market conception, market capitalization, threat of competition, and easy entry by other start-ups. In China, the competition is intense .There is always a market for innovative technology solutions. Those who put in Herculean efforts and innovation will survive in the world of the survival of the fittest.

Scientists of distinction are becoming part of start-ups with a difference to solve difficult problems. Dr. Ashok Jhunjhunwala, an Electrical Engineering Professor from IIT Madras, has set up Midas to communicate wireless telephony and broadband. GCI scientists with global reputation are becoming entrepreneurs by bringing research into commerce. Indian American businessman Manoj Bhargava’s project Billions in Change has turned into a movement to create and implement solutions to the most basic global problems. He is putting 90% of his wealth into finding such solutions to help the world and increase traction in global white space opportunities. His beverage 5-Hour Energy has an annual sale of $ 1.25 billion.

PM Modi said that India is among the most open countries for foreign investments. Substantial changes in the FDI regime across 15 sectors were carried out. He has called for united global action to combat terror and starve terrorists of funds.

O, Children of Bharat do not throw mud on the face of Bharat Mata for the sake of over a billion children. Religious leaders and the press should speak the truth without fear and favour.

Dr H P Kanoria