Trustee for the Debenture Holders Catalyst Registrar to the Issue Trusteeship Limited Link Intime India Private Limited

Total Page:16

File Type:pdf, Size:1020Kb

Trustee for the Debenture Holders Catalyst Registrar to the Issue Trusteeship Limited Link Intime India Private Limited PRIVATE PLACEMENT OFFER LETTER / INFORMATION MEMORANDUM – SERIES 1 (PRIVATE & CONFIDENTIAL) FOR ADDRESSEE ONLY CAPRI GLOBAL HOUSING FINANCE LIMITED Registered & Corporate Office: 502, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra Tel.: +91-22 4088 8100; Facsimile: +91- 22 4088 8160; E-mail: [email protected] Website: www.caprihomeloans.com CIN No. – U65990MH2006PLC161153 FOR PRIVATE CIRCULATION ONLY PRIVATE PLACEMENT OFFER LETTER / INFORMATION MEMORANDUM DATED 27th July, 2020 PRIVATE PLACEMENT OFFER LETTER / INFORMATION MEMORANDUM (“PPOL”/”IM”) – SERIES 1 FOR PRIVATE PLACEMENT OF SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES / NCD UPTO INR 2,500 Lacs. GENERAL RISK For taking an investment decision, investors must rely on their own examination of the Issue and the IM including the risks involved. The Issue has not been recommended or approved by Securities and Exchange Board of India (SEBI) nor does SEBI guarantee the accuracy or adequacy of this IM. CREDIT RATING The Bonds proposed to be issued by the Issuer have been assigned a rating of “CARE A- Stable (CARE Single A Minus; Outlook stable)” by CARE Ratings Limited vide its letter dated 01st July, 2020. Instruments with this rating are considered to have the high degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. The above ratings are not a recommendation to buy, sell or hold securities and investors should take their own decision. The ratings may be subject to revision or withdrawal at any time by the assigning rating agency and should be evaluated independently of any other ratings. Please refer to Annexure I for rating letters for the above ratings. TRUSTEE FOR THE DEBENTURE HOLDERS CATALYST REGISTRAR TO THE ISSUE TRUSTEESHIP LIMITED LINK INTIME INDIA PRIVATE LIMITED GDA House, Plot No. 85, C-13, Pannalal Silk Mills Bhusari Colony (Right), Compound, Paud Road, L.B.S. Marg, Bhandup (West), Pune - 411 038 Mumbai – 400 078 Phone: 020-2528 0081 Phone: +91 22 2594 6970, 022-2596 Email: [email protected] 3838 Contact Person: Umesh Salvi Fax: +91 22 2594 6969 SEBI Registration No.: IND000000034 Email: [email protected] Contact Person: Vinayak Bendal SEBI Registration No.: INR0000004058 ISSUE PROGRAMME ISSUE OPENS ON: ISSUE CLOSES ON: DEEMED DATE OF PAY IN DATE: July 28, 2020 July 27, 2020 July 27, 2020 ALLOTMENT: July 28, 2020 LISTING The Debentures are proposed to be listed on Wholesale Debt Market segment of the BSE Ltd. PRIVATE PLACEMENT OFFER LETTER / INFORMATION MEMORANDUM – SERIES 1 (PRIVATE & CONFIDENTIAL) FOR ADDRESSEE ONLY PRIVATE & CONFIDENTIAL – FOR ADDRESSEE ONLY (THIS IM IS NEITHER A PROSPECTUS NOR A STATEMENT IN LIEU OF PROSPECTUS). THIS IM IS PREPARED AND ISSUED IN CONFORMITY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) REGULATIONS, 2008 ISSUED VIDE CIRCULAR NO. LAD-NRO/GN/2008/13/127878 DATED JUNE 06, 2008, AS AMENDED BY SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2012 ISSUED VIDE CIRCULAR NO. LAD-NRO/GN/2012-13/19/5392 DATED OCTOBER 12, 2012 AND CIR/IMD/DF/18/2013 DATED OCTOBER 29, 2013) AND THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2014 ISSUED VIDE CIRCULAR NO. LAD-NRO/GN/2013-14/43/207 DATED JANUARY 31, 2014 AND SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2015 ISSUED VIDE CIRCULAR NO. LAD- NRO/GN/2014-15/25/539 DATED MARCH 24, 2015 AND SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2016 ISSUED VIDE CIRCULAR NO SEBI/LAD-NRO/GN/2016-17/004. DATED 25 MAY 2016 AND SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2018 ISSUED VIDE CIRCULAR NO. SEBI/LAD-NRO/GN/2018/42 DATED 9 OCTOBER, 2018 AND SEBI CIRCULAR NO. CIR/IMD/DF-1/122/2016 DATED NOVEMBER 11, 2016 AND SECURITIES, SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2019 No. SEBI/LAD-NRO/GN/2019/13 DATED MAY 07, 2019 AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, ISSUED VIDE CIRCULAR NO. SEBI/LAD-NRO/GN/2015- 16/013 DATED SEPTEMBER 02 2015, SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (SECOND AMENDMENT) REGULATIONS, 2019 No. SEBI/ LAD-NRO/GN/2019/12 DATED MAY 07, 2019 AND PAS-4 PRESCRIBED UNDER SECTION 42 OF THE COMPANIES ACT, 2013 AND THE COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) RULES, 2014 AND SEBI CIRCULAR NO. SEBI/ HO/ MIRSD/ DOS3/CIR/P/2019/68 DATED MAY 27,2019, THE COMPANIES (SHARE CAPITAL AND DEBENTURE) RULES, 2014, MASTER CIRCULAR NO. NHB(ND)/DRS/REG/MC-02/2019 DATED JULY 1, 2019 ISSUED BY NATIONAL HOUSING BANK ON “HOUSING FINANCE COMPANIES ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS”. THIS ISSUANCE WOULD BE UNDER THE ELECTRONIC BOOK MECHANISM FOR ISSUANCE OF DEBT SECURITIES ON PRIVATE PLACEMENT BASIS AS PER SEBI CIRCULAR JANUARY 05, 2018 BEARING REFERENCE NUMBER SEBI/HO/DDHS/CIR/P/2018/05, AND SEBI CIRCULAR DATED AUGUST 16, 2018 BEARING REFERENCE NUMBER SEBI/HO/DDHS/CIR/P/2018/122, EACH AS AMENDED (“SEBI EBP CIRCULARS”), READ WITH THE UPDATED OPERATIONAL GUIDELINES “FOR ISSUANCE OF SECURITIES ON PRIVATE PLACEMENT BASIS THROUGH AN “ELECTRONIC BIDDING PLATFORM FOR ISSUANCE OF DEBT SECURITIES ON PRIVATE PLACEMENT BASIS” ISSUED BY THE BSE VIDE THEIR CIRCULAR NUMBER SEBI/HO/DDHS/CIR/P/2018/05 DATED JANUARY 05, 2018 (“BSE EBP GUIDELINES”), AS APPLICABLE. THE BSE EBP GUIDELINES SHALL HEREINAFTER BE REFERRED TO AS THE “OPERATIONAL GUIDELINES”. THE ISSUER INTENDS TO USE THE BSE BID BOND PLATFORM FOR THIS ISSUE. PRIVATE PLACEMENT OFFER LETTER / INFORMATION MEMORANDUM – SERIES 1 (PRIVATE & CONFIDENTIAL) FOR ADDRESSEE ONLY TABLE OF CONTENTS SL.NO. TITLE SECTION I DEFINITIONS/ ABBREVIATIONS ......................................................................... SECTION II DISCLAIMERS ........................................................................................................... SECTION III GENERAL INFORMATION ..................................................................................... SECTION IV BRIEF HISTORY OF ISSUER SINCE INCORPORATION, DETAILS OF ACTIVITIES UNDERTAKEN, ANY REORGANIZATION, RECONSTRUCTION OR AMALGAMATION. .................. ……………………… SECTION V EXISTING CORPORATE ORGANOGRAM .......................................................... SECTION VI SUMMARY OF BUSINESS/ACTIVITIES OF ISSUER AND ITS LINE OF BUSINESS.............................................................................................................. SECTION VII OUR MANAGEMENT ............................................................................................... SECTION VIII DISCLOSURES WITH REGARD TO INTEREST OF DIRECTORS, LITIGATION, ETC ..................................................................................................... SECTION IX MANAGEMENT’S PERCEPTION OF RISK FACTORS ...................................... SECTION X CAPITAL STRUCTURE AND FINANCIAL POSITION OF THE ISSUER ....... SECTION XI PARTICULARS OF THE OFFER ............................................................................ SECTION XII SUMMARY TERM SHEET ....................................................................................... SECTION XIII MATERIAL EVENT, DEVELOPMENT OR CHANGE AT THE TIME OF ISSUE ..................................................................................................................... SECTION XIV CREDIT RATING & RATIONALE THEREOF ..................................................... SECTION XV NAME OF DEBENTURE TRUSTEE ....................................................................... SECTION XVI STOCK EXCHANGE WHERE SECURITIES ARE PROPOSED TO BE LISTED ......................................................................................................................... SECTION XVII DEBT EQUITY RATIO (ON STAND ALONE BASIS) .......................................... SECTION XVIII SERVICING BEHAVIOUR ON EXISTING DEBT SECURITIES AND OTHER BORROWINGS ............................................................................................ SECTION XIX UNDERTAKING REGARDING COMMON FORM OF TRANSFER ................. SECTION XX MATERIAL CONTRACTS & AGREEMENTS INVOLVING FINANCIAL OBLIGATIONS OF THE ISSUER .................................................... SECTION XXII DECLARATION ......................................................................................................... SECTION XXIII ANNEXURES............................................................................................................... SECTION I DEFINITION /ABBREVIATIONS AY Assessment Year Articles / Articles of Association Articles of Association of our Company as amended from time to time. / AoA The issue and allotment of the Debentures to the successful Applicants Allotment / Allot pursuant to this Issue. A person who makes an offer to subscribe the Debentures pursuant to the Applicant / Investor terms of this IM and the Application Form. Standards of auditing or any addendum thereto for companies or class of Auditing Standards companies referred to in sub-section (10) of Section 143 of the Companies Act, 2013. A company in which the Issuer has a significant influence, but which is not a subsidiary company of Issuer having such
Recommended publications
  • Chapter I Introduction
    CHAPTER I INTRODUCTION Nonviolence is the pillar of Gandhi‘s life and work. His concept of nonviolence was based on cultivating a particular philosophical outlook and was integrally associated with truth. For him, nonviolence not just meant refraining from physical violence interpersonally and nationally but refraining from the inner violence of the heart as well. It meant the practice of active love towards one‘s oppressor and enemies in the pursuit of justice, truth and peace; ―Nonviolence cannot be preached‖ he insisted, ―It has to be practiced.‖ (Dear John, 2004). Non Violence is mightier than violence. Gandhi had studied very well the basic nature of man. To him, "Man as animal is violent, but in spirit he is non-violent.‖ The moment he awakes to the spirit within, he cannot remain violent". Thus, violence is artificial to him whereas non-violence has always an edge over violence. (Gandhi, M.K., 1935). Mahatma Gandhi‘s nonviolent struggle which helped in attaining independence is the biggest example. Ahimsa (nonviolence) has been part of Indian religious tradition for centuries. According to Mahatma Gandhi the concept of nonviolence has two dimensions i.e. nonviolence in action and nonviolence in thought. It is not a negative virtue rather it is positive state of love. The underlying principle of non- violence is "hate the sin, but not the sinner." Gandhi believes that man is a part of God, and the same divine spark resides in all men. Since the same spirit resides in all men, the possibility of reforming the meanest of men cannot be ruled out.
    [Show full text]
  • 1. RAJKOT the Struggle in Rajkot Has a Personal Touch About It for Me
    1. RAJKOT The struggle in Rajkot has a personal touch about it for me. It was the place where I received all my education up to the matricul- ation examination and where my father was Dewan for many years. My wife feels so much about the sufferings of the people that though she is as old as I am and much less able than myself to brave such hardships as may be attendant upon jail life, she feels she must go to Rajkot. And before this is in print she might have gone there.1 But I want to take a detached view of the struggle. Sardar’s statement 2, reproduced elsewhere, is a legal document in the sense that it has not a superfluous word in it and contains nothing that cannot be supported by unimpeachable evidence most of which is based on written records which are attached to it as appendices. It furnishes evidence of a cold-blooded breach of a solemn covenant entered into between the Rajkot Ruler and his people.3 And the breach has been committed at the instance and bidding of the British Resident 4 who is directly linked with the Viceroy. To the covenant a British Dewan5 was party. His boast was that he represented British authority. He had expected to rule the Ruler. He was therefore no fool to fall into the Sardar’s trap. Therefore, the covenant was not an extortion from an imbecile ruler. The British Resident detested the Congress and the Sardar for the crime of saving the Thakore Saheb from bankruptcy and, probably, loss of his gadi.
    [Show full text]
  • Cover & Contents 01.07.2019.Pmd
    VOLUME40 NUMBER3&4 CombinedIssue October-December'18&January-March'19 Quarterly Journal of the Gandhi Peace Foundation VOLUME 40 ❏ NUMBER 3&4 ❏ OCTOBER’18 – MARCH’19 Editorial Team Chairperson Kumar Prashant Editors M.P. Mathai ❏ John Moolakkattu [email protected] Book Review Editor: Ram Chandra Pradhan Editorial Advisory Board Johan Galtung ❏ Rajmohan Gandhi ❏ Anthony Parel K.L. Seshagiri Rao ❏ Ramashray Roy Sulak Sivaraksa ❏ Tridip Suhrud ❏ Neera Chandoke Thomas Weber ❏ Thomas Pantham Gandhi Marg: 1957-1976 available in microform from Oxford University Microfilms, 300 North Zeeb Road, Ann Arbor, Michigan, USA; 35 Mobile Drive, Toronto, Ontario, Canada M4A1H6; University Microfilms Limited, St. John’s Road, Tyler’s Green, Penn., Buckinghamshire, England. II ISSN 0016—4437 LIBRARY OF CONGRESS CARD NO. 68-475534 New Subscription Rates (with effect from Volume 34, April-June 2012 onwards) Period Individual Institutional Individual Institutional (Inland) (foreign) Single Copy Rs. 70 Rs. 100 US $ 20 US $ 25 1 year Rs. 300 Rs. 400 US $ 60 US $ 80 2 years Rs. 550 Rs. 750 US $ 110 US $ 150 3 years Rs. 800 Rs. 1000 US $ 160 US $ 220 Life Rs. 5000 Rs. 6000 US $ 800 N.A. (including airmail charges) Remittances by bank drafts or postal or money orders only Copyright © 2018, Gandhi Marg, Gandhi Peace Foundation The views expressed and the facts stated in this journal, which is published once in every three months, are those of the writers and those views do not necessarily reflect the views of the Gandhi Peace Foundation. Comments on articles published in the journal are welcome. The decision of the Editors about the selection of manuscripts for publication shall be final.
    [Show full text]
  • 1. LETTER to WANDA DYNOWSKA Your Letter. You Are Suspicious
    1. LETTER TO WANDA DYNOWSKA NEW DELHI, July 7, 1947 MY DEAR UMA, Your letter. You are suspicious. Sardar is not so bad as you imagine. He has no anti-European prejudice. Don’t be sentimental but deal with cold facts and you will succeed. My movement is uncertain. You will come when I am fixed up somewhere. Love. BAPU From a copy: Pyarelal Papers, Courtesy: Pyarelal 2. LETTER TO DR. D. P. GUPTA NEW DELHI, July 7, 1947 DEAR DR. GUPTA, Your letter.1 Faith to be faith stands all trials and thanks God. Are not the prayers of your Muslim neighbours sufficient encoura- gement for you to persist in well-doings? Yours sincerely, M. K. GANDHI From a photostat: C. W. 10570 1 The addressee, whose son had suffered injuries at the hands of Muslim rioters, had written that he could no longer have any faith in the doctrine of winning one’s enemy by love notwithstanding the sympathetic attitude of Muslim neighbours who prayed for his son’s recovery. VOL. 96 : 7 JULY, 1947 - 26 SEPTEMBER, 1947 1 3. LETTER TO ABDUL GHAFFAR KHAN [July 7, 1947]1 DEAR BADSHAH, No news from you. I hope you had my long letter and that you have acted up to it. Your and my honour is involved in strict adherence to non-violence on our part in thought, work and deed. No news up to now (9.30) in the papers.2 Love. BAPU Mahatma Gandhi—The Last Phase, Vol. II, pp. 279–80 4. MESSAGE TO KINDERGARTEN SCHOOL July 7, 1947 Are all the Bal Mandirs which are coming up these days worthy of the name? This is a question to be considered by all who are interested in children’s.
    [Show full text]
  • Remembering Gandhi: Political Philosopher and Social Theorist
    REMEMBERING GANDHI: POLITICAL PHILOSOPHER AND SOCIAL THEORIST Published by Salesian College Publication Sonada - Darjeeling - 734 209 Don Bosco Road, Siliguri Phone: (+91) 89189 85019 734 001 / Post Box No. 73 www.salesiancollege.ac.in [email protected] www.publications.salesiancollege.net [email protected] ii “My belief is that whenever you go into somebody’s head - anyone’s head - it’s all insecurity.... I live with that fear that in a minute everything could go away.” Andre Acimann, in the interniew on his books - Call me by Your name and Find Me, in Rich Juzwiak, “The Story Continues, after all” Times, November, 4, 2019, 91. Salesian Journal of Humanities and Social Sciences, X(2019) 2 REMEMBERING GANDHI: POLITICAL PHILOSOPHER AND SOCIAL THEORIST ISSN 0976-1861 December 2019 Vol. X, No.2 CONTENTS Editorial Remembering Mahatma as Gandhi: Gandhi as Political Philosopher and Social Theorist v Pius V Thomas Original Articles Gandhi and the Development Discourse Siby K. George 1 A Conciliatory Gaze: SNG on MK Gandhi and BR Ambedkar 23 George Thadathil Gandhi’s Legacy: Vandana Shiva as Gandhi’s Heir 51 Pius V Thomas and Violina Patowary Gandhi in the Tropics: Climate, Disease and Medicine 73 Bikash Sarma The Violence of Non-violence: Reading Nirad C Chaudhuri Rereading Gandhi 85 Jaydeep Chakrabarty Freedom, Authority and Care as Moral Postulates: Reexamining Gandhi’s Proposal for Ethical Reconstruction 95 Subhra Nag Decoding Gandhigiri: A Genealogy of a ‘popular’ Gandhi 111 Abhijit Ray iv General Commentaries Labour for Love or Love for Labour? 135 Shruti Sharma Production of a ‘degenerate’ form 149 Vasudeva K.
    [Show full text]
  • Keynote Address on Relevance of Mahatma Gandhi in Contemporary Society
    International Journal of Academic Research ISSN: 2348-7666; Vol.3, Issue-10 (2), October, 2016 Impact Factor: 4.535; Email: [email protected] Keynote Address on Relevance of Mahatma Gandhi in Contemporary Society Dr. Anil Dutta Mishra Ex-Deputy Director, National Gandhi Museum, New Delhi. Mahatma Gandhi popularly known as sixty-three years of his death Gandhi Bapu or Father of the Nation is tallest continues to attract the attention of among the leaders of the world of the 20th scholars, social activists, media, policy century ever produced. He is remembered makers and dreamers not only in India all over the world for his love of peace, but throughout globe. non-violence, truth, honesty, pristine purity, compassion and his success in Present world is passing through a using these instruments to bring together critical phase of human history and is in the entire population and helping the search of an alternative. Liberalisation, country to attain independence from the privatisation and globalisation are not colonial power and show the new way to only reshaping the economy of the people the world. Gandhi was a creative man and nation but fundamentally reshaping and responding to the challenges of his culture, ideology, attitude and life style of time and setting example for present and the people across the world. Everywhere future generations. Albert Einstein, the one can see the fundamental change. great scientist rightly said that Small is being replaced by mega. Invisible “Generations to come will scare believe became visible. There is a mad race for that such a one as this ever in flesh and materialistic development resulting in blood walked upon this earth” Gandhi alienation of people from society and changed the course of history and created nature and resorting to violence of history.
    [Show full text]
  • Unit 7 Trusteeship
    UNIT 7 TRUSTEESHIP Structure 7.1 Introduction Aims and Objectives 7.2 Trusteeship - Roots in Indian Cultural Heritage 7.3 Kinds of Property 7.3.1 Gifts of Nature 7.3.2 Product of Social Living 7.4 Spirit of Japanese Nobles (Samurai) 7.5 State Regulated Trusteeship 7.6 Trusteeship Formula 7.7 Criticism 7.8 Summary 7.9 Terminal Questions Suggested Readings 7.1 INTRODUCTION The most important and controversial issue of economic philosophy is the right to private property. The controversy as it developed, mainly between Capitalist and Communist economists, led scholars to no definite conclusion. This (right to property) remained more a matter of dogmatic attachment to ideology than of rational convictions. The former believes that right to property is absolute and needs no intervention by the state. They believe that each man is the best judge of his own interest and would make efforts to better his own lot and also promote general good. The Communists rejected the Capitalist model on the ground that it inevitably led to the growth of monopolies and imperialism on one hand, and the perpetual immersion of the working class on the other. They suggested the revolutionary overthrow of the entire politico economic system, the socialisation of all means of production and the total elimination of ‘bourgeoisie’ through the dictatorship of the proletariat. Gandhi rejected both these solutions. He believed them to be based on violence, exploitation and tyranny. He was of the confirmed belief that instead of changing the property relations, if we change the uses to which property is put, we can have the desired results.
    [Show full text]
  • Unit 16 World Order
    UNIT 16 WORLD ORDER Structure 16.1 Introduction Aims and Objectives 16.2 Requisites for a Peaceful World Order 16.2.1 Justice and Duty 16.2.2 Rule of Law 16.2.3 Pluralism and Toleration 16.2.4 Democratic World Order 16.3 A Peaceful Social Order and Human Rights 16.4 War: The Unsolved Problem of International Relations 16.4.1 Causes of War 16.4.2 Disarmament and the World 16.4.3 Industrial Colonial Technological Military Authoritarian Complex 16.5 Non- violence: Pre-requisite for the Total Development 16.5.1 Use of Arms for Justice 16.5.2 No Place for Imperialism 16.5.3 Cruelties of Colonialism 16.5.4 Economic Inequalities and Trusteeship 16.5.5 Globalisation from Below 16.6 Role of Satyagraha in Nuclear Age 16.6.1 Say No to Atom Bombs 16.6.2 World must take Lessons from Indian Culture of Democracy 16.7 Restructuring Knowledge 16.7.1 Protection of Natural Environment 16.7.2 Environment Friendly Industrialisation 16.7.3 Solidarity and Stability 16.8 Summary 16.9 Terminal Questions Suggested Readings 16.1 INTRODUCTION The approach of Gandhi to peaceful world order represents the flexible adjustment of his idealism to the demands of nationalism. Gandhi said that the world should be organised to maintain a just peace. The better mind of the world desires today not absolutely independent states. Gandhi believed in a federation of friendly inter-dependent states. Gandhi said that ‘the consummation of that event may be far off. I want to make no grand claim for our country.
    [Show full text]
  • Contemplating Gandhi.Pdf
    Justice Chandrashekhar Dharmadhikari was born on 20th November 1927. His parents were Dada Dharmadhikari and Damayanti Dharmadhikari. He comes from an illustrious Maharashtrian family settled in Multai in the Betul District of Madhya Pradesh. His father, Dada Dharmadhikari was a front- ranking freedom fighter and a seminal Gandhian thinker. His mother was a freedom fighter in her own right and a symbol of life togetherness. Chandrashekhar Dharmadhikari was married to Tara Dharmadhikari—a highly educated and cultured person and true picture of life togetherness. His daughter is a medical doctor. His son Satyaranjan Dharmadhikari is a judge at Bombay High Court. His other son Shri Ashutosh Dharmadhikari is a practising lawyer at Nagpur Bench of Bombay High Court. Chandrashekhar Dharmadhikari as a mere lad of fourteen participated in the Quit India Movement. As a part of his family inheritance, he has devoted the major part of his life in interpreting and propagating Gandhian ideas in the context of our times. He made a sincere effort to imbibe Gandhian ideals in his own life. He has his own contributions to the public life by participating in the major intellectual discourses, particularly in respect of women empowerment. He has been a source of inspiration to the youth of our country. He practiced law at Nagpur for many years and was elevated to the Bench, as a judge of the Bombay High Court. He worked as senior judge and acting chief justice of the Bombay High Court from 1972 till his retirement in 1989. He also worked as the first Chairman of the Maharashtra Administrative Tribunal.
    [Show full text]
  • Speech: Does Mohandas Gandhi Matter in a Modernising India?
    Does Mohandas Gandhi Matter in a Modernising India? Excerpts from a talk by Salil Tripathi at the India Club of the World Bank in Washington DC, on Oct 2, 2013, Gandhi’s 144th birthday. His talk was accompanied by remarks from Ananya Vajpeyi, distinguished Indian academic and Kluge Fellow at the John F Kluge Center at the Library of Congress. The World Bank’s India Club invited IHRB’s director of emerging issues, Salil Tripathi, to speak about the relevance of India’s founding father, Mohandas Gandhi, in a rapidly-urbanising India. Tripathi drew on the history of Gandhi’s economic thinking and related it with his moral view, suggesting that an economic outlook devoid of ethics was fundamentally flawed. * * * * * * About a quarter century ago when I was a graduate student in this country, I had signed up for a course called managerial economics. The course taught us techniques which executives could deploy in order to maximize profits. As this audience would immediately recognize, Game Theory was an important part of the course. We had to play the famous game of Prisoner’s Dilemma with one another – the aim of the professor was to teach us that while cooperation made sense, the selfish nature of human beings prevails, leading to an outcome where everyone loses, or where one party wins and the other does not. I lost often, and at the end of our class I asked the class, and indeed my professor – isn’t something flawed in this model, something inherently unfair, that we continue to make the same mistakes even when we know that better outcomes are possible? I should add I was 23 then.
    [Show full text]
  • Black Power in South Africa: the Evolution of an Ideology
    Black power in South Africa: the evolution of an ideology http://www.aluka.org/action/showMetadata?doi=10.5555/AL.SFF.DOCUMENT.crp2b20026 Use of the Aluka digital library is subject to Aluka’s Terms and Conditions, available at http://www.aluka.org/page/about/termsConditions.jsp. By using Aluka, you agree that you have read and will abide by the Terms and Conditions. Among other things, the Terms and Conditions provide that the content in the Aluka digital library is only for personal, non-commercial use by authorized users of Aluka in connection with research, scholarship, and education. The content in the Aluka digital library is subject to copyright, with the exception of certain governmental works and very old materials that may be in the public domain under applicable law. Permission must be sought from Aluka and/or the applicable copyright holder in connection with any duplication or distribution of these materials where required by applicable law. Aluka is a not-for-profit initiative dedicated to creating and preserving a digital archive of materials about and from the developing world. For more information about Aluka, please see http://www.aluka.org Black power in South Africa: the evolution of an ideology Author/Creator Gerhart, Gail M. Publisher University of California Press (Berkeley) Date 1978 Resource type Books Language English Subject Coverage (spatial) South Africa Coverage (temporal) 1943 - 1978 Source Northwestern University Libraries, Melville J. Herskovits Library of African Studies, 968 G368bl Rights By kind permission of Gail M. Gerhart. Description This book traces the evolution of Africanist and Black Consciousness thinking, from the ANC Youth League and the Pan Afrianist Congress through the Black Consciousness Movement of the 1970s.
    [Show full text]
  • Gandhi: Patron Saint of the Lndustrialist Leah Renold for Over a Quarter of a Century Mohandas K
    Gandhi: Patron Saint of the lndustrialist Leah Renold For over a quarter of a century Mohandas K. Gandhi maintained a close friendship with G. D. Birla., a wealthy industrialist, who was Gandhi's chief patron. This article explores their relationship which reveals some of the less well­ known aspects of Gandhi. Despite popular perceptions of Gandhi, he was neither a social nor economic revolutionary. uring the years of the Indian independence movement, a leading Indian industrialist, G. D. Birla, was Mahatma an hi's most generous financia! supporter. While Birla has been described as a devotee of Gandhi, the relationship between the two men was more one of collaboration than of one-sided devotion. Gandhi's campaigns were made possible by drawing from Birla's vast financia! resources while Birla benefited not only from the social and religious prestige which his association with Gandhi brought him, but his economic role and position as a wealthy capitalist was strengthened and glorified. Gandhi gave his blessing to the abundant wealth of Birla with his teaching on trusteeship, a concept which asserted the right of the rich to accumulate and maintain wealth, as long as the wealth was used to benefit society. Gandhi apparently borrowed the concept of trusteeship from the writings of the American millionaire, Andrew Camegie, who had used trusteeship to promote capitalism over socialism. The close relationship between Gandhi and G. D. Birla did not escape scrutiny. B. R. Ambedkar, a leader of the untouchable castes, accused Gandhi of pretending to support the cause of the oppressed while actually supporting the forces of social conservatism.1 Lord Linlithgow, the Viceroy of India, questioned the Gandhi-Birla connection.
    [Show full text]