Dear Readers,

On February 13, 2016, let us pray to Mother Vinabahni-Saraswati, bestower of literacy knowledge, wisdom, intellect, discrimination, intuition, fearlessness, courage and strength to march on the path of spirituality to light the world with service to humanity.

The Srei Foundation, the Times Foundation and Assocham had organized the Seventh World Confluence of Humanity, Power and Spirituality with mission of “Spirituality at Workplace for Sach Bharat-Sach Viswa”. Spirituality infuses eternal love of the divine to work hard for the welfare of self and others with the fundamental principle of righteousness, cooperative spirit, creativity, fearlessness, sincerity, self-discipline, and work hard without motive of rewards, selfishness, envy and jealousy but with joy.

A galaxy of evolved speakers shared their ideas, insights, experience and faith for humanity and creation. Sunil Kanoria, the President of Assocham, said, “We must take steps to ensure that strong ethics and values become the DNA of organizations and individuals.’’ Times Foundation Chairman Indu Jain stressed on the mission of Sach Bharat and the need of incorporating this philosophy everywhere so that it becomes a great gift to future generations. Maneka Sanjay Gandhi, Minister for Women and Child Development said, “Change ourselves into a state of being rather than having and do unto others as we would have them do unto us.” BJP member and former Union Minister Subramanian Swamy, “We must balance spiritual advancement and material progress.” Parmarth Niketan Head, Swami Chidanand Saraswati said, “Spirituality shouldn’t be just a weekend practice but followed daily. Make India to lead to the ‘Practice of truth’.” Railway Minister Suresh Prabhu said, “Solution must come from within.” Governor of Tripura, Tathagata Roy said, “True dharma is not to lie, not to steal and not to cheat.’’ Giriraj Singh, Minister of State for MSMEs, said, “Look more to help each other.’’ Brahma Kumari Asha said, “Self governance improves the quality of human being. Be free from influence of senses.’’ Amolak R. Kohli, Former Mizoram Governor said, “Realize Aham Brahmasmi – I am God. That each one is part of Supreme.’’ Maulana Wahiduddin Khan said, “All must try to build a spiritual society in India and help make Swami Vivekananda’s vision for India come true.’’ Jaya Row of Vedanta Vision said, “Spiritual path guides us through all stages of life and helps distinguish the right from wrong.’’ Rajita Kulkarni, President World Forum for Ethics in Business, said, “Ethically run companies perform 30% better than others.’’ Rabbi Ezekiel Malekar said, “Recognize the underlying unity of all religions and come together to work towards Sach Bharat.’’ Anandmurti Guruma, President Rishi Chaitanya Trust said, “Lion dormant in each one of us has forgotten to roar. Bring out the lions, let out to roar. All are spiritual beings, we aren’t aware of it.’’ Lokesh Muni of Ahimsa Vishwa Bharati said, “Our education needs to be worked out.” Swami Shantatmananda Ji, Secretary of Ramakrishna Mission, New Delhi, said, “Religion means realization. There is no scope for disharmony. Bring Spirituality in life.” Man Hee Lee, Chairman Heavenly Culture-World Peace Restoration of Light, Seoul, South Korea, talked about unity of religions. The religious leaders must try to unite and live in peace. We are one and let us become one together. Ravi Shankar Prasad, Union Minister, Department of Communications & IT said, “Spirituality is integral to humanity. In the Rig-Veda ‘Truth is one, wise men interpret it differently.’ Pursue path to truth. The ultimate destination is the same. Humanity must merge with this. We will elevate India to new heights through technology and spirituality.”

Hemant Kanoria, Chairman of Srei Infrastructure Finance Ltd, said, “When my father H. P. Kanoria started this confluence seven years back we did not think it was going to take this proportion. Through spirituality, we are having better corporate governance and corporate social responsibility.” Sandeep Jajodia, Senior Vice-President of Assocham said, “Spirituality is necessary for growth and welfare.” Ved Jain, Vice-President of Assocham said, “Spirituality is the science of heart.” Salman Khurshid, Former Minister of External Affairs said, “Spirituality mentors what we have within.” Sujit Kanoria, M.D. of Shrishti Hotel Group said, “Spiritual workplace provides an environment to practice creativity.” H. H. Princess Maria Amor D.D., said, “Spirituality is defined by energy, inner peace, consciousness, tolerance and love within ourselves.’’

Manisha Lohia enlightened the audience and filled their hearts with divinity by chanting Vedic verses. Prayers written by H.P. Kanoria were invoked by Pranay Gupta.

Sach Bharat’s logo and the fourth edition of the book ‘Enlightenment’ were launched.

H P Kanoria said, “Realise that God is our universal Father, Mother and friend and we are His manifestations. Essence of all religions is humanity, harmony, peace, unity in diversity and love. We are divine, infinite, perfect. Harness the spiritual values which God has bestowed on us. Do duty to the best of ability without motive to have the fruits. Spirituality brings out the best in us. Intuition develops. Work for Sach Bharat, Sach Viswa.”

Stock market is on a downward trend though no major change is in the Indian economy except increasing global competition from China, South Korea, and other South East countries. BE had written earlier that Sensex may touch 22000 and crude oil would be $30 per barrel. Crude price has now touched $28 per barrel. Oil, PSU bank shares have seen sharp fall. Some feel that market is correcting by 4-5%. Stocks of metal, oil and gas are being downgraded.

Union Finance Minister Arun Jaitly has said, “India is on a path of economic growth. It will stick to 3.5% fiscal deficit for FY 2017. In the developing world, there is growth crisis not financial crisis.” The IMF forecast emerging economies will expand by 4.3%, in 2016 but below the 8.2% of 2006. People have faithy in deliverance of sustainable and inclusive growth by Prime Minister Modi not only in what he says “Mann Ki Baat”.

Government has to be pragmatic. It knows that export markets depend on global economic factors. Units in SEZ do not find export markets. Should they close the units throwing lakhs out of employment? To keep running the units, the government must allow selling SEZ goods in local markets. Tax clarity and exemptions are urgently needed for start-up growth. Many start-ups are failing in the middle of their journey. They need some protection and breathing time. Some of the hurdles include high corporate tax, lack of adequate capital, and tax on stock options. China is growing to rely on innovations and economic reforms to deliver the next wave of economic growth. RBI Governor Raghuram Rajan said that China is still contributing to global growth and it is not going to fall from the cliff. USA Federal Reserve and the European Central Bank target inflation at 2%. High inflation causes pain. Inflation and growth are linked. Interest rate on savings/fixed deposits should be around 8-9% to boost liquidity. Lower rate of interest diverts money to other assets where the appreciation is better. There is human element. A large number of retired persons survive on the interest earned from their fixed deposits. There are many social projects, which are based on corpus funds. Banks and financial institutions need to cut the cost and manage the operation that is less spread over. A United Nations report says that India will be the world’s largest fastest growing economy at 7.3% in 2016. India’s economy accounts for 70% of South Asia’s GDP. India and France have signed 14 agreements for development in many areas. They agreed to take decisive actions against terrorism.

The world is worried about global warming. There is also long-term effects on agriculture in India. Various measures have been adopted to meet the challenges of global warming. The agriculture sector represents 35% of India’s Gross National Product (GNP). It plays a crucial role in the country’s development and poverty elimination as over 60% of population depends on the sector. As part of UN-backed talks on climate change, India has plans for cutting emissions. PM Modi has pledged to build India’s solar power generation capacity to over one lakh megawatts within a decade, a thirty-fold rise from today’s capacity. India has planned to generate 60,000 megawatts of wind power, 10,000 megawatts of biomass and 5,000 megawatts of hydro electricity by 2020. India will raise at least $ 100 billion in these projects.

A recent enactment made statutory the obligation to spend 2% net profit on social activities under Corporate Social Responsibility (CSR). Corporate had spent less than 50% of this fund as the projects are constrained with so many limitations and restrictions.

On January 26, the day we became a republic, let us march the flag of love for Bharat Mata and Universal Tolerance and Acceptance – unity in diversity of all religions, the message of Sanatan Dharma. Rishi Aurobindo had three madness- ‘Love for Mother, Love for Nation and Love for God.’ Lord Krishna said to Arjuna, “The society is under four divisions not by birth but by job and nature of person.”

On January 23, the 129th birth anniversary of Great Patriot and National Leader Subhas Chandra Bose, his 100 files were declassified boldly by PM Narendra Modi. This will be a great homage to nationalist Bose. This will certainly ignite the spirit for the love of the country.

Let us contribute to the growth of Nation to build ‘Sach Bharat’ marching on the path of spirituality with awakened mind and energized soul.

Dr H P Kanoria