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Bringing Porbartan-

navneet / 1 month ago /

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Bringing Porbartan

Porbartan is a Bengali word. The equivalent hindi word is “Parivartan” which means change. “Porbartan” was the slogan Mamta Banerjee raised for usurping power from the Marxists who held it for twenty-five years in West Bengal, the Indian state which has always been a hotbed of politics. This is the main reason of it lagging behind other states on the development scale and thus major chunk of its electorate continues to be poor.

Porbartan doesn’t come by mere sloganeering. A flyover under construction since last seven years has collapsed, raising many eyebrows over rampant corruption and compromised standards in projects which have no margin for even God’s Act which the CEO of IVRCL, the company building the bridge, is trying to blame for the mishap. How is it that after praying so reverently our Gods are often annoyed with us? Maybe because we try to bribe them too and think that it will work with them as it works everywhere else.

The collapsed Bridge at Kolkatta

A little search on the internet has brought me this result

IVRCL’s gross debt at the end of March 2015 stood at Rs 9,386 crore, up 12.6% over that in March 2014, Bloomberg data showed. In FY15, it reported a loss of Rs 672 crore on the back of Rs 3,117 crore in revenues. Finance costs alone stood at Rs 653 crore. The debt of Rs 7,000 crore was restructured under the corporate debt restructuring mechanism in July last year.

IVRCL’s promoters owned a mere 8.7% in the company as of June 30. They include E Sudhir Reddy who owns a stake of 3.13% and is the chairman and managing director, E Sunil Reddy (0.52%), SV Equities (0.54%) and Soma Hotels & Resorts (2.43%).

http://www.financialexpress.com/article/industry/companies/fe-exclusive-ivrcl-to-get-new-owners-as-banks-ready-to-invoke-sdr/150843/

And they have already handed over the sick company to a group of banks, who own it like hundreds of such sick companies to which they have extended thousands of crores of public money

I am sure a little more exploration in to the antecedents of the Promoters, will lead me to the Political connections but that is not the objective of this blog. IVRCL in just twenty five years in to business and it already has got its finger in every engineering pie. It though specializes in Water Management projects and this falling of a bridge like house of cards may prove to be a watershed for it, yet it makes me wonder, how within such a short span, a company could make forays in to Engineering fields which need great experience and expertise? Already, the bridge is in construction since last nine years and now the inquiry will take another nine years. Then the blame game will start. Mamta Banerjee has already set the ball rolling by saying that this is not the time to play politics and that the project was awarded by the previous government.

The only role that God seems to have played in this is of ‘timing’. It couldn’t have been worse from TMC’s standpoint. Elections are round the corner but city dwellers are not the strength of TMC or any Indian political party for that matter. They play politics with the poor, the underprivileged to whom they sell the dreams of becoming ‘privileged’ one day but work industriously to keep them poor, but this time, some of them are disgruntled too. The skeletons of Tata’s venture in to turning their fortunes around by setting up a car manufacturing unit are still standing on the land Mamata Didi promised to return to them. Their hopes lie shattered because they neither have jobs nor the land to till. During the last round of elections in Bengal, Mamata made a strong pitch of government depriving the poor of their source of food and beat the rhetoric to such a frenzy that she toppled the twenty five years old reign of the Marxists who in principle are supposed to be pro-poor.

A tiny postage stamp size of a land cannot produce rich harvest. For turning the lives of the people around, a positive, constructive approach is required. A realistic vision is necessary. Singur incident happened in 2008 and the people are still landless and poor. There has not been any development in the area because after the exit of the TATAs no businessman worth his salts would have been willing to commit hara-kiri.

The disputed land that was allocated to the Tatas for installing a Car manufacturing plant.

The elections have come around and once again to aflame the passions of the people the political candidates have gone in an overdrive. It was in news yesterday that one candidate drove to Singur in Nano, obviously to tease the people about what they lost, but do these people understand the implications of letting or not letting the development come to their area? Do their representatives understand the meaning of progress? Recently, there was a video clip in circulation on WhatsApp where the people who made the clip are seen going around asking the MLAs the full form the acronym.

http://video.genfb.com/1005648879509175

 

All the MLAs shown on the clip couldn’t tell its full form. Though it is not necessary that every elected member of the legislative assembly must know an English term but the point the people who made the clip wanted to drive home was well driven, that many of our so called representatives are illiterate. These are some pit falls of democracy. The power of choosing the representatives lies with the people and thus they come from all sections of the society, the tribals, the backward and the forward alike. All have equal voting rights and in this vast country many come from the constituencies where the very basic benefits of progress are yet to reach.

People protesting against coming up of a car manufacturing plant in Singur

Some days ago there was a news of Sting operation conducted over offering bribe to TMC MLAs for fictitious projects. Many were seen to be grabbing that with both hands. The noise over it has just died down but the dust hasn’t yet settled and unfortunately hundreds of meters long concrete slabs of one real project have come crashing down on the people, frightening the living daylight out of some and extinguishing that of many, literally turning the lives of their families in to real rubble.

Tata Nano Plant in Gujarat

I don’t know at what stage the investigation in to Saradha Chit Fund scam has reached or whether it has been brushed under the carpet. Millions of small savings of the very poor people of the society were lost. The roots of the scam we hear run deep and therefore any outcome of the probe is unlikely.  I wonder how will the “Porbartan” (change) come in this country but I am certain that unless our leaders have the vision, unless we hold the people accountable for their misdeeds and stop voting them to power again and again, unless we change ourselves, it won’t come.

Note:- All pictures are from internet

 

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navneet / / 1 month ago

joote maarne chahiye saalon ko 🙂

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kamalji / / 1 month ago

Dear Navneet,

Sad really what to say.

Regards

kamal

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navneet / / 1 month ago

Hahaha- but she is lucky to get rice, those who waited for her to get them the land back so that they could grow rice on it are still waiting. It’s such a waste of time talking about all of them but does it make any difference to them. All the MLAs are seen taking the bait of the bribe. It is said that the leads of Sharadha chit fund scam lead to her door. TMC or CPI or JD..this dal that dal all bloody “dals of thieves” and on them thrive such companies. Now because of the inquiries this flyover will never get made 🙂

Navneet

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M.V. Balaji / / 1 month ago

Dal kidar hai? Sab kaala hi kaala hai.

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M.V. Balaji / / 1 month ago

Navneet the word is Poribartan and not Porbartan. Pori in Tamil means puffed rice.May be Mamata eats puffed rice from a bartan. Then that is probably the only Poribartan that has taken place. The company has already been blacklisted in UP and almost blacklisted in its native AP, Despite a dubious record it has it has flourished. In this country if you grease the political palms you can get away with murder and unsecured loans of billions. The firm got its contract under CPIM. Then why didn’t Mamata bring a Poribartan there, sack it and call for fresh tenders. But no. TMC or comrades they are the same

PS:The company blamed it on God I am waiting with bated breath for Mamata to call God a Maoist.

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Karor / / 1 month ago

The reconstruction on the Bridge which started on Wednesday after a long wait was itself an election stunt. Mamata wanted that the Bridge should be completed by Aug 2016 to score a brownie point during the coming elections. The Bridge had missed 9 dead lines in the past last being Nov.2015. The passage under the Bridge could have been closed or the traffic diverted as the bridge had dead weight for such a long time. Since it is the poor who are the victims of all terrorist attacks, floods, accidents and other calamities they are forgotten after giving them some peanuts as relief. No policy changes are made . The changes are affected only if the VIP/VVIP suffers like SPG was born after attack on Indira Gandhi.

WB lost Nano plant but unfortunately the Nano plant in Gujarat is not doing well in view of less demand for the Nano car. The plant is also suffering from the Union’s strike oft and on.

Yes Navneet there is lot of corruption, irregularities in the political life of West Bengal

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Anneshwa / / 1 month ago

Good research Navneetjee. But the most ridiculous thing is, collapsing of flyover due to God. OMG!!

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navneet / / 1 month ago

Hello Ushaji, Integrity, Honesty, Sincerity are big words for the people who have empty stomachs and waiting, hungry kids at home, they shouldn’t be given the dreams, they should be given help to take small realistic steps so that they don’t sleep hungry.

Navneet

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ushasuryamani / / 1 month ago

“PORBORTAN” will alk in only if the gates open to Intgrity, honesty, sincerity. If within the gates there is underhand skullduggery, pretense and greed and avarice and a mania to grab money…PORBARTAN will remain a dream !!

But one thing I wish to state..

get the commies back ? And have murders and strikes and mediocre work ? Nay..

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swarajya / / 1 month ago

I am sad that you recommend importing communists from China.

Chinese communists can never deliver goods in a democracy.

They may hold the carrot and whip to make you work without any trade unionism.

Is it acceptable to you or Indians ?

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navneet / / 1 month ago

Swarajya sir,

I don’t have any love for the communists from China or the pseudo democrats from India, I just want to say that the people who have genuine love for their country should hold the office as they hold the responsibility of transforming the hopes of the people who vote them to power in to the reality.

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swarajya / / 1 month ago

In the , the Trinamool Congress- Indian National Congress alliance won by a huge margin with Mamata Banerjee becoming the first woman Chief Minister of West Bengal after 34 years of Communist rule.

I wish communist run the state for a few more years and make it a little China.

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navneet / / 1 month ago

Swarajya sir- for bringing the real change, we will have to import the real communists from China who are no more communists but know pretty well how to put the pseudo communists of India, who have become a headache for the nation to work.

Navneet

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suchisree/ Sree kumar / / 1 month ago

Dear Navneeth,

The political family division is an illusion. When it comes to family matters they give a helping hand to each other. Investigations will drag on and justice rarely meted. Not even a thought given to speed up judicial process and all crimes, celebrations to accused as they stand clean till proven guilty.

Well timed matter.

Regards,

Suchisree.

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navneet / / 1 month ago

Very well said Suchi ji- Political family division is an illusion and the Porbartan they talk about is an optical illusion. Till now has any inquiry brought any result? It is a mere waste of time and money.

 

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