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Archive for the ‘Books’ Category

The Polyester Prince-The Real Story of Dhirubhai Ambani(Banned in India)

Posted by Admin on August 12, 2011


https://i0.wp.com/1.bp.blogspot.com/_FJWYgnVJJFk/TLCh8qEM7hI/AAAAAAAAA8s/D7ss4-XGHh8/s1600/Dheerubhai.jpgTo READ Click on the Image

Dheerubhai Ambani, the most popular name of modern Indian business, is still in the minds of Indians despite his physical demise. Hamish MC Donald has made a critical interpretation of Ambani’s transition of normal man into a Business Tycoon who allegedly influenced mainstream politicians for the commercial benefits of his business unethically. This book was written in 1998 and has been banned in India due to the heavy pressure from Ambanis.You can find this books at bombay streets for nominal cost which are smuggled. Maniratnam has been inspired by this book for making of “GURU” with Abishek Abhachan . Mani Ratnam also depicted numerous scenes from the source of this book. This book also highlighted the rivalry between Dheerubhai Ambani and Nusli Wadia(grandson of Mahamad Ali Khan Jinna) who were allegedly tried to assassinate each other. Their rivalry remained as a black spot of Indian corporate history. In the film Guru, Mithun Chakravarthy played Ramanth goenka role while Madhavan played Journalist Guru Murthi role. Interesting aspect is Guru Murthy was hugely suffered by Ambani on the various charges and even jailed unlike the ‘GURU” movie description where Abishak Bachan didn’t touch Madhavan. Mani Ratnam must have been pampered by Ambanis. Though this book is mandatory for the people who aspiring a career in corporate sector and entrepreneurship,but special kind of fiction has been added by author to sensationalize the book and his name. Readers should be very cautious while reading the book and to make conclusions on Dheerubhai’s character.

The Polyester Prince is a balanced book on India’s own robber baron. Mr. McDonald pays tribute to Gujarati traders/ Banias in the first few chapters by acknowledging their exuberance of speech, inventiveness, and commercial drive. Dhirubhai first displayed his diplomatic and negotiating skills during the Junagadh freedom struggle. At Yemen, he exploits the fact that silver content in rial was higher than the pound. There he also learned the fundamentals of business by taking position in rice, sugar, and other commodities. At India, Dhirubhai progressed to trading in REP licenses and later textile manufacturing. One of Dhirubhai’s greatest attributes was that he networked and lobbied furiously. He cultivated several journalists, politicians, and bureaucrats including Girilal Jain, Murli Deora, Yashpal Kapur, T.A. Pai, R.K. Dhawan, P.C. Sethi, Pramod Mahajan, and Pranab Mukherjee. Several policies such as the High Unit Value Scheme were introduced for the sole benefit of Reliance and tariffs mostly for the detriment of competitors like Kapal Mehra (Orkay Silk Mills) and Nusli Wadia (Bombay Dyeing). Reliance was the first to recognize the most important external environment- Government of India. Dhirubhai used the government to destroy Indian Express and Bombay Dyeing. Wadia, Mehra and the journalist Gurumurthy were arrested on fake charges. He is alleged to have tried to get Wadia assassinated through Kirti Ambani and contract killers. Reliance also resorted to envelope journalism and later buying out a newspaper to unfairly cast DMT as inferior to PTA. Dhirubhai is rightly called father of Indian equity cult as he patronized convertible debentures. One out of every four investors in India is a Reliance shareholder. The Ambanis used loopholes, shell investment companies/ tax havens in Isle of Man, duplicate shares, insider trading, and financial engineering tricks to ensure that Reliance was the largest zero-tax company and a pure cash flow operation. Though correctly described as ruthless and daring, Mr. McDonald overlooks that Dhirubhai was an innovative financier, brand builder (Only Vimal etc.), and an industrialist way ahead of his times (vertical integration, GDR etc.).Source: Prakash Shenoys Diary

Posted in Books | 5 Comments »

Hello, Bastar — The Untold Story of India’s Maoist Movement By Rahul Pandita

Posted by Admin on June 19, 2011


Tranquebar Press
Rs 250 pp 200

Cash on delivery facility in 27 cities. Delivery in Delhi NCR within 24 hours and other places in 2-3 days. Or online at www.flipkart.com

When Ganapathi and Kishenji took to Arms

 Hindustan Times

The following is an edited extract from the chapter, The Return of the Spring Thunder. Situated on the southern edge of the Adilabad district, Tappalpur appeared to be a quiet village. But a group of about a dozen men, who lay low outside a mansion on the evening of 25 September 1976, knew that it was not quite so. The village was ruled by the 65-year-old landlord GV Pithambar Rao, one-time MLA, who now devoted all his time to managing the affairs of his lands.

The Velama caste to which Rao belonged was known for its aversion to engaging in any form of productive work. In fact, there is a saying about the Velamas that even if burning coals land on their thighs, they would expect their bonded labourers to remove them instead of saving themselves.

Around that time, 14 per cent of Adilabad’s population was tribal, with Gonds constituting three-quarters of it. The district was also home to the Sringareni collieries, the biggest in south India. But only about six to seven per cent of their employees were tribals. Big industrial houses had business interests here in products such as coal and bamboo.

There was a lot of unrest among the landless poor, who were at one time landowners but had lost their land to money-lenders, who had come from Maharashtra and other parts of Andhra Pradesh. In many cases, the poor tribals had cleared large tracts of forest land for agriculture, after paying bribes to the revenue and forest officials.

Later, the same forest department officials began evacuating the tribals from the forest area, denying them even the little sustenance that came through cultivation.

It was in such circumstances, Naxalites allege, that rich landlords like Pithambar Rao made life even more difficult for the poor. Rao had been on the hit list of the Naxalites for some time — according to a rebel who was a part of the hit team — because of his alleged cruel ways of dealing with the poor peasants of Tappalpur.

The Naxalites accuse him of being drunk on money and political power, and of committing a number of atrocities including the raping of womenfolk. The Naxalites even go to the extent of saying that in those days no family would agree to a marriage alliance for their daughter from anyone in Tappalpur because of Rao’s reputation.

Apart from this, the Naxalites had another major axe to grind with Pithambar Rao. In 1972, two peasants, Bhumaiah and Kishta Goud were arrested for murdering a landlord in Adilabad, and were later sentenced to death. Civil rights groups had tried their best to save them from the gallows (even Sartre had demanded their release) but in the middle of the Emergency, on 1 December 1975, the two were hanged in the Mushirabad jail-becoming the first to be hanged in free India (after Mahatma Gandhi’s assassin Nathuram Godse). Read the rest of this entry »

Posted in Books | 8 Comments »

 
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