Tag: Raj

  • Delhi court reserves order on summons in defamation case by Shekhawat against Raj CM

    Delhi court reserves order on summons in defamation case by Shekhawat against Raj CM

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    New Delhi: A Delhi court on Thursday reserved the order on the point of issuance of summons in a defamation case filed by Union Jal Shakti Minister Gajendra Singh Shekhawat against Rajasthan Chief Minister Ashok Gehlot over the latter’s “misleading statements” against him.

    Additional Chief Metropolitan Magistrate Harpreet Singh Jaspal of the Rouse Avenue Court has listed the matter for order on the issuance of summons for Friday after the conclusion of submission and recording of pre-summoning of evidence in the case.

    Shekhawat filed a defamation case against Gehlot earlier this month, claiming that the latter made defamatory statements against him in connection with the Sanjivani Credit Cooperative Society scam.

    He has said that an investigation was initiated in the case but his name was not mentioned anywhere and demanded prosecution against Gehlot for criminal defamation under the Indian Penal Code (IPC). He has also demanded appropriate financial compensation for the loss of his reputation.

    Earlier, the war of words between Gehlot and Shekhawat had intensified over the Sanjivani Credit Cooperative Society scam with the Rajasthan Chief Minister openly declaring the Union Minister “a culprit like the others”.

    “The Union Minister is trying to mislead the public in the case of the Sanjivani Cooperative Society Ltd scam. In the investigation of the Special Operation Group (SOG), the crime has been proved against him under the same sections as the other arrested accused.”

    Shekhawat had said that Gehlot terming him as an ‘accused’ in the Sanjivani Credit Cooperative Society scam is akin to his “political assassination to settle scores”.

    “The SOG presented three chargesheets but there is neither my nor my family’s name anywhere. Still, the Chief Minister called me an accused,” he said.

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    ( With inputs from www.siasat.com )

  • Illegal ‘dargah’ in Mahim sea razed post Raj Thackeray’s threat; AIMIM reacts

    Illegal ‘dargah’ in Mahim sea razed post Raj Thackeray’s threat; AIMIM reacts

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    Mumbai: Barely 12 hours after Maharashtra Navnirman Sena (MNS) President Raj Thackeray’s dramatic revelations of an unauthorised ‘dargah’ coming up in the Arabian Sea off Mahim, the BMC rushed a team there and demolished it, here on Thursday.

    A team of BrihanMumbai Municipal Corporation (BMC) along with a heavy police bandobast, a JCB and other equipment, swooped onto the so-called ‘mazaar’ (grave) of an unknown person that had quietly manifested on a tiny rocky islet a few metres away from the Mahim sea-shore.

    The BMC-police teams examined it thoroughly, removed the flagpoles with green and white flags, other paraphernalia on and around the ‘mazaar’ and then rolled a bulldozer which reduced it to dust.

    Earlier, they also discussed the matter with the trustees of the 600-year-old Hazrat Makhdum Shah Baba Radiallahuahhu, Mahim, which offered their full support to curb any illegalities on the islet nearby.

    The purported ‘mazaar’, covered with a green cloth, garlands and flower-chadars, used to attract a few devotees who would wade through knee-deep sea-water for a few metres to visit the site and offer prayers there.

    The development came the morning after Raj Thackeray pulled the ears of the state government, Mumbai Police and civic administration, and drew their attention to the potential security threat lurking there.

    MNS Spokesperson Sandeep Deshpande welcomed the BMC action while state Bharatiya Janata Party President Chandrashekhar Bawankule congratulated Raj Thackeray for highlighting the matter which opened the eyes of the government.

    He served an MNS-style ultimatum that unless the ‘dargah’ is demolished within a month, the MNS would go and erect a Ganpati Temple at the same spot.

    Hinting at security implications, Thackeray had roared: “The Mahim Police Station is close by, the BMC officials keep moving around there… Yet, since the past two years this ‘dargah’ is blatantly coming up in the sea… Another ‘Haji Ali Dargah’… And there’s nobody to talk about it?”

    Returning with his old style of addressing rallies with a visual component — ‘Laav re te video’ (Play that video) after five years — Raj ordered playing a clip, apparently shot with a drone, hovering around and over the tiny islet, clearly showing the ‘mazaar’ that has cropped up in the Mahim sea.

    The video showed images of some green and white flags, fluttering on a tall pole and on strings around, a handful of men and women ‘devotees’ paying their respects at the makeshift grave of the unknown person reportedly resting there.

    AIMIM questions intention behind razing of illegal dargah:

    The All India Majlis-E-Ittehadul Muslimeen (AIMIM) state President and MP Syed Imtiaz Jaleel has fully supported the BMC’s act of razing an illegal “dargah” which was coming up in the Arabian Sea off Mahim, here on Thursday.

    However, he questioned the honesty of the intentions behind razing the ‘dargah in the Mahim sea and said it appeared to be an “understanding” between the ruling Shiv Sena-Bharatiya Janata Party and the Maharashtra Navnirman Sena (MNS), just as the holy month of fasting, Ramzan, starts.

    “We have no objections if the structure ‘dargah’ was illegal and it has been demolished… But what about hundreds of other similar unauthorised constructions of various communities that keep cropping up all over the state? They should also be dealt with similarly,” Jaleel told the media.

    On the ‘dargah’ demolition issue today, he pointed accusing fingers at Chief Minister Eknath Shinde, Deputy Chief Minister Devendra Fadnavis and their “puppet” MNS President Raj Thackeray of acting in tandem to build up passions on Ramzan-eve.

    He wondered how, if the alleged “mazaar” on a tiny islet was coming up openly since the past two years, the state government, BMC, Police and elected representatives remained silent, doing nothing to stop it.

    “I feel that Fadnavis may have asked Raj to raise the issue in his Gudi Padwa rally, and he would get it (dargah) removed the next morning… This way Raj’s stature would go up before his supporters, and simultaneously the Sena-BJP wouldn’t spoil its image before the Muslim community,” Jaleel claimed.

    He raised doubts over “Raj’s real motives” behind raising the issue of mosque loudspeakers just before Ramadan month and keeping quiet the rest of the year, and asking for the Muslim community’s stand on such issues.

    “But, what’s his locus standi…? Is he the CM, Deputy CM, a Minister, MP, MLA? Who is he…?” asked Jaleel, who has recently made overtures to the Opposition Maha Vikas Aghadi (MVA) alliance of Congress-Nationalist Congress Party-Shiv Sena (UBT).

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    ( With inputs from www.siasat.com )

  • Raj Thackeray claims ‘mystery dargah’ coming up in Mahim sea

    Raj Thackeray claims ‘mystery dargah’ coming up in Mahim sea

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    Mumbai: Maharashtra Navnirman Sena (MNS) President Raj Thackeray made a dramatic revelation on Wednesday of a purported dargah coming up in the Arabian Sea off Mahim, a few metres away from the shore.

    Drawing the attention of the state government, Mumbai Police and civic administration, the MNS chief also served an ultimatum to them that unless it is demolished within a month, the MNS would go and erect a Ganpati temple at the same spot.

    Hinting at a potential security threat, Raj Thackeray demanded: “The Mahim police station is close by, the BMC officials keep moving around there… Yet since the past two years this dargah’ is blatantly coming up in the sea… Another Haji Ali Dargah’… And there’s nobody to talk about it?”

    Returning with his old Laav re te video’ (Play that video) after five years, Raj Thackeray ordered playing a video, apparently shot with a drone hovering around and above what seemed to be a small islet that had come up in the Mahim sea.

    It had some green and white flags, fluttering on a pole and on strings around, with some men and women devotees’ offering prayers at a makeshift grave of an unknown person.

    “Whose dargah’ is this? Is it of some fish,” he asked in a lighter vein, but warned that such things cannot be tolerated and if it is not demolished within a month, his party would retaliate with a Ganesh temple at the same islet.

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    ( With inputs from www.siasat.com )

  • Raj govt forms committee to consider declaring Rajasthani official language of state

    Raj govt forms committee to consider declaring Rajasthani official language of state

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    Jaipur: Rajasthan government has formed a committee to consider declaring Rajasthani the official language of the state, minister B D Kalla said on Thursday.

    Replying to the calling attention motion moved by the deputy leader of Opposition in the Rajasthan Assembly during Zero Hour, Kalla, the art and culture minister, informed the house that the government has approved the formation of a committee, which will study the model of Chhattisgarh and Jharkhand and submit a report to the state government.

    He said based on the report, the state government will take action regarding the recognition of the Rajasthani language on similar lines.

    Kalla said, at present, the Rajasthani language is included as a literary subject in the syllabus under the Board of Secondary Education. He said it would be possible to include it as a language after approval from the competent level.

    The minister said it has come to the notice of the state government that different languages have been made official languages in different states.

    At present, the Rajasthan Official Language Act, 1956 is applicable in the state. In order to make Rajasthani the official language, an amendment to the Act will have to be made.

    He said the Mahapatra Committee has also considered Rajasthani eligible for inclusion in the 8th Schedule of the Constitution. In this regard, the members of the party and the opposition should unite and request Prime Minister Narendra Modi.

    Speaking on the issue, Rathore said various states have given official language status to their local languages such as Goa, Chhattisgarh, Jharkhand, Meghalaya, Sikkim and West Bengal.

    “Why cannot Rajasthan do the same under article 345 of the Constitution,” he questioned.

    Article 345 of the Indian Constitution, provides constitutional recognition as “official languages” to any language adopted by a state legislature as the official language of that state.

    He said as per the recommendations of the Pahwa committee 1996 and Sitakant Mahapatra Committee 2003 if any government gives primary education in the mother tongue then it is eligible to be included in the 8th schedule.

    “The resolution taken by the state assembly in 2003 to add Rajasthani in the 8th schedule should start with the state making it an official language,” he said.

    Rathore said article 345 of the constitution allows a state to make one or more languages its official language. The state should bring an amendment to the Rajasthan Official Language Act-1956 and give official status to Rajasthani.

    In his response, Kalla said on August 25, 2003, a resolution was unanimously passed by all the members of the State Legislative Assembly regarding the recognition of the Rajasthani language and its inclusion in the Eighth Schedule of the Constitution.

    The central government was urged to include the Rajasthani language in the Eighth Schedule of the Constitution in 2009, 2015, 2017, 2019, 2020 and 2023. At present the matter is under consideration at the level of the Government of India, he said.

    A total of 22 languages of India are included in the Eighth Schedule to the Constitution of India.

    In a written reply in Lok Sabha on March 14, Minister of State of Home Affairs Nityanand Rai said 14 languages were initially included in the Constitution on 26th January 1950.

    Last year, former CM Vasundhara Raje demanded that Rajasthani be given the status of the official language of the state.

    Raje had written a letter to Chief Minister Ashok Gehlot stating that the mother tongue of Rajasthan is one of the richest languages in the world which is not only cultural identity but it is also related to sentiments.

    She said after the recognition of Rajasthani as the official language, the state will be recognised globally and employment and tourism opportunities will increase.

    In January this year, hundreds of youths gathered at the Shaheed Smarak in Jaipur to raise their demand to give Rajasthani the status of the official language of Rajasthan.

    Office-bearers of student unions of various universities, student organisations including ruling Congress’ student wing NSUI and youth from different districts had gathered for the candle march in Jaipur in support of the demand.

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    ( With inputs from www.siasat.com )

  • With an eye on upcoming polls, Telangana BJP promises ‘bulldozer raj’

    With an eye on upcoming polls, Telangana BJP promises ‘bulldozer raj’

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    Hyderabad: With Assembly elections in Telangana only a few months away, BJP leaders are increasingly using the word bulldozer and promising to emulate the Uttar Pradesh model if voted to power in the state.

    Last year, it had started with MLA Raja Singh, a controversial figure who has been booked on many occasions for hate speech.

    Now, BJP’s state president Bandi Sanjay Kumar himself is promising bulldozer rule.

    Sanjay, who is also a Member of Parliament, proudly speaks about the use of bulldozers by the BJP government in Uttar Pradesh. At public meetings, he is promising that if voted to power in Telangana, the BJP will follow the UP model.

    Last week, he promised that if voted to power, the BJP will bulldoze the houses of those indulging in crimes against women.

    Exuding confidence that the BJP will come to power in Telangana, he said it would follow the model of Uttar Pradesh which is using bulldozers to demolish the houses of offenders.

    He was speaking at a day-long protest at the party office in Hyderabad against the increasing atrocities on women in the state.

    Sanjay made the remark while referring to the death of Preethi, a MD student of Kaktiya Medical College (KMC), who committed suicide recently due to alleged harassment by her senior.

    Since Preethi’s senior who was allegedly harassing her was a Muslim student, the BJP is trying to exploit the incident for political gains with an eye on the coming elections.

    Bharatiya Janata Party leaders initially called it a case of love jihad. After the police denied that there was any communal angle or sexual harassment, Sanjay started alleging that the BRS government was siding with accused M. A. Saif.

    Sanjay claimed that the government was acting in favour of the accused as it fears that the accused will cause communal riots.

    The state government, however, has denied this. The ruling party leaders pointed out that the police acted swiftly to arrest Saif. “The government will not spare the guilty whether he is Saif or Sanjay,” remarked BRS working president and minister K. T. Rama Rao.

    Bandi Sanjay, in his speech at the protest, only mentioned cases where the accused are Muslims and have links with the AIMIM.

    Political observers say the BJP is looking for sensitive issues for polarising the voters on communal lines and it found one such issue in Preethi’s suicide.

    By raking up such issues and speaking of bulldozers, the BJP appears to be building a narrative for the polls.

    Last month, Sanjay threatened to demolish the domes of the new Secretariat building if his party was voted to power in the next elections. He says the domes reflect the culture of the Nizams and hence they will be demolished if the BJP comes to power.

    The MP from Karimnagar is apparently trying to build a narrative which suits the party’s game plan to capture power.

    BJP leaders have been targeting the BRS over its alleged policy of minority appeasement and its friendly ties with the AIMIM.

    It is in this context that Sanjay faulted the design of the new Secretariat building to train his guns on the BRS and Chief Minister K. Chandrasekhar Rao.

    Sanjay alleged that Rao has turned the Secretariat into a tomb like the Taj Mahal to please AIMIM president Asaduddin Owaisi.

    “If the BJP comes to power, it will destroy the symbols of the Nizam’s culture in the state. We will make changes in the state Secretariat so that it reflects the Indian and Telangana culture,” he said.

    The seven-storey structure with a built-up area of 7 lakh square feet was constructed at a cost of nearly Rs 650 crore is ready for inauguration.

    Sanjay even challenged municipal administration and urban development minister K. T. Rama Rao to demolish mosques on the roads in the old city of Hyderabad, considered a stronghold of the AIMIM.

    Sanjay has been making provocative statements.

    He had allegedly delivered a hate speech in May last year. Police complaints were filed against him at various police stations in the state for making provocative remarks against mosques and madarsas.

    Alleging that Muslim rulers in Telangana demolished several temples and built mosques over them, he demanded digging at all the mosques, saying there was a possibility of finding Shiva Lingams underneath.

    The BJP MP also stated that if his party comes to power in Telangana, it will abolish all the madarsas, do away with reservation for Muslims, and remove Urdu as the second official language.

    The saffron party has been trying to exploit sensitive issues for political mileage. Be it KCR’s friendship with Owaisi, four per cent reservation for Muslims, the state government not officially celebrating September 17, second official language to the state or the demand to rename Hyderabad as Bhagynagar, the BJP leaders have apparently always tried to look for issues which lead to communal polarisation.

    The BRS is countering the BJP by calling it a fight between development and destruction. “We are for development while they want demolition and destruction,” said Rama Rao.

    It was Raja Singh who first talked of bulldozers.

    He had sparked a row in February last year with his tweet amidst the Uttar Pradesh Assembly elections in February.

    The firebrand leader had released a video after the second phase of polling in Uttar Pradesh, threatening voters that if they don’t cast their votes for the BJP their houses will be demolished and they will be driven out of the state.

    After the BJP retained power in Uttar Pradesh, Raja Singh made another controversial statement on the subject, this time targeting the BRS and the AIMIM.

    He remarked that Union Home Minister Amit Shah was sending a bulldozer to Telangana. “The way Yogi ji used bulldozers against the mafia in Uttar Pradesh, under Sanjay’s leadership bulldozers will be used in Telangana definitely against these goondas and MIM. No goonda or mafia will be spared in Telangana,” he said.

    A few days later, Raja Singh urged people to make a list of the TRS’s corruption, encroachments, properties etc so that these structures could be bulldozed.

    “A strong bulldozer will come to Telangana too to tear down the corruption of TRS like Yogi Adityanath ji ended the mafia in UP. I appeal to the public to identify all the corrupt activities and encroachments on public and private properties, land of poor and farmers by the MPs, MLAs and ministers of TRS,” said the MLA.

    Exuding confidence that the BJP will form the next government in Telangana, Raja Singh said the party was readying the bulldozers. “We are planning one for every constituency,” he remarked.

    Some political analysts believe that while bulldozer politics apparently yielded the BJP good dividends in states like Uttar Pradesh, its impact in Telangana may be confined to a few urban pockets.

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    ( With inputs from www.siasat.com )

  • On Bhiwani killings, Owaisi says Cong govt failed Muslims miserably in Raj

    On Bhiwani killings, Owaisi says Cong govt failed Muslims miserably in Raj

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    Jodhpur: AIMIM chief Asaduddin Owaisi on Saturday urged Muslims to participate in politics to get justice and to evolve from being “vote givers” to “vote givers.”

    Owaisi, who was in Jodhpur for a day, has been exploring possibilities for his party in Rajasthan, which is up for elections at the year end.

    “Muslims only give votes and do not take votes like many other communities such as Jat, Rajputs, Gujars etc. These communities have not only given votes but taken votes too and have solved many of their problems unlike Muslims,” said Owaisi.

    He said Muslims need to learn from these communities and build their leadership.

    “Democracy is not just about casting your vote. You also need to participate in it. Only then you will be able to do something for yourself,” he said.

    “We want to offer Rajasthan a political alternative, where BJP and Congress are engaged in a musical chair game,” he said.

    Owaisi said Congress government in the state has disappointed Muslims miserably, and referred to the murder of Junaid and Naseer in Haryana by cow vigilantes.

    “Why did Ashok Gehlot and other Muslim legislators of Rajasthan not visit the families of victims when they could have done it instantly. It took Gehlot a long time to visit them and that too after we criticised them,” he said.

    Owaisi also criticised the BJP-led Haryana government over its handling of the Junaid and Naseer murder case and called one of the prime accused in the case, Monu Manesar, a “Darling of RSS.”

    “Monu and all other accused are RSS-backed. Monu is the darling of RSS so there is no question of action against him. How can the BJP government of Haryana take action against him,” he said.

    Owaisi alleged that Monu and his gang, with the patronage of RSS, are doing extortion, murders, terrorism, and firing in the name of gau-raksha.

    “They are a militia. Criminals are being promoted. I would not be surprised if Monu is given a ticket by the BJP in the next election,” he said.

    The Hyderabad-based leader also accused the BJP of trying to appease Muslims only to impress the Arab world.

    “Had it not been so, it would have given the Pasmanda Muslims a status of Dalit. They have to just amend a 1950 presidential order,” he said.

    Owaisi called Congress leaders arrogant, self-obsessed, and removed from reality.

    “Congress is losing due to internal fights, ideological compromise. It has no strength and vision left. The party is altogether engaged in politics of opportunities and convenience,” he said.

    (Except for the headline, this story has not been edited by Siasat staff and is published from a syndicated feed.)



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    ( With inputs from www.siasat.com )

  • Gehlot meets war widows from across Raj as protest by Pulwama widows simmers

    Gehlot meets war widows from across Raj as protest by Pulwama widows simmers

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    Jaipur: Rajasthan Chief Minister Ashok Gehlot on Saturday met a delegation of war widows from across the state who supported the current policies of his government for the families of the martyrs, amid a simmering protest by the widows of three CRPF jawans killed in the 2019 Pulwama terror attack.

    The Pulwama widows have been protesting since February 28, demanding a change in rules so that their relatives and not just children can get government jobs on compassionate grounds. Their other demands include construction of roads and installation of statues of the martyrs in their villages. Early Friday, they were removed by Rajasthan police from the protest site outside Congress leader Sachin Pilot’s residence in Jaipur.

    Without naming Gehlot, Pilot told reporters in Tonk that the issue should be heard keeping ego aside.

    “I believe we can fulfil demands like laying roads, erecting houses and installing statues. A message should not go out that we are not ready to listen to the demands of the widows of the martyrs,” he added.

    On Saturday, Gehlot met a group of war widows from across the state who supported the current policies of the Rajasthan government for them, an official statement said. It said this group of widows expressed the view that demonstrating on “unfair demands” affect the image of all war widows.

    “Salute to war widows. Salute to the sacrifice,” Gehlot tweeted after meeting the war widows at his residence.

    “Expressing their feelings, the widows of the martyrs gave their support to the current policies of the state government. It is not appropriate to give the jobs and rights of war widows and their children to someone else. The state government will always stand with the martyrs and their families,” the chief minister said.

    Gehlot said the state government has the highest honour for martyrs and war widows.

    “The dependents of the martyrs have been employed by the state government in government services as per the rules. The rules will be followed in future too. No injustice will be allowed to happen to the dependents of the martyrs,” he added.

    Gehlot said the Kargil package was implemented for the martyrs during his previous tenure.

    Under the package, Rs 25 lakh for the families of martyrs, 25 bighas of land, accommodation from the housing board and an additional Rs 25 lakh for those not taking the accommodation, and jobs for war widows or their children are provided, he said.

    “There is also a provision of fixed deposit of Rs 5 lakh for the parents of the martyr. In addition, provisions were also done to install statues of martyrs and to name any one public place after the name of martyrs,” he said.

    “There should be no politicisation of matters related to martyrs. There is no provision in the rules to give job to any other family member other than the war widows or children. This demand is unjustified and due to this the widows may have to face undue family and social pressure in future,” the chief minister said.

    The war widows expressed satisfaction over the package being given by the state government to the families of the martyrs. They said the job should be given only to the war widows or their children.

    The statement said martyr Havaldar Ramesh Kumar Dagar’s wife Kusum said the demand for giving compensatory government job to the brother-in-law is not according to the rules.

    “This demand of the (Pulwama) widows sitting on dharna is illegitimate. Other war widows also have to bear the consequences of demanding jobs for other family members instead of the martyr’s children. Demonstrations on unfair demands affect the image of all war widows,” she said.

    Another war widow, Krishna Jat, wife of martyr Havaldar Shyam Sunder Jat, said only the children of martyrs have the right to get jobs given as compensation by the state government.

    “It is wrong for war widows to agitate to get jobs for brother-in-law, or other family members. The stand of the state government in this matter is sensitive and correct,” she said.

    Priyanka Kanwar, wife of martyr Lance Naik Madan Singh, and Namita Ramawat, wife of martyr Havaldar Hoshiar Singh, also termed the demonstration wrong and against the rules, the statement said.

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    ( With inputs from www.siasat.com )

  • Fascinating Bull run of Raj Sharma: Vitthalwadi, Hyderabad, to wealth corridors of America

    Fascinating Bull run of Raj Sharma: Vitthalwadi, Hyderabad, to wealth corridors of America

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    Building a career in the US and making big money for an Indian is quite normal. But, advising and helping Americans, especially enterprises in both creating wealth and use it satisfactorily is a completely different ball game. This is where, Raj Sharma, of Indian origin and based in Boston excels as a successful wealth advisor.

    His debut book The Purposeful Wealth Advisor is a ready reckoner for professionals in business and finance intending to pursue a career in the field as well as those wanting to manage their wealth and fulfill their dreams.

    “In this inspiring immigrant success story, Raj Sharma shows us exactly what has enabled him to go from his humble beginnings to being one of the most successful wealth advisors in America. Raj has written a necessary and timely book, delivering a roadmap for unlimited success,” commented Ajay Banga, former CEO & Executive Chairman of MasterCard and now a nominee to the post of President, World Bank by Joe Biden, the US President.

    Hailing from a middle class family from Vitthalwadi in Hyderabad, Raj Sharma grew up during times when taking or loan or doing business did not find much appreciation but academic achievements did. So, like most of his contemporaries he pursued a Bachelor’s in economics and business from Nizam College and then an MBA. But, parallely he worked, part time as a Radio Jockey, which in fact stood him good when he reached Boston in the early 1980s in search of greener pastures.

    After a masters degree in mass communications from Emersons College, Raj worked in film and video production and also tried a startup in gourmet coffee long before Starbucks and moved onto financial advisory in a couple of years. His big break came when he joined Merrill Lynch in August 1987.

    There has been no looking back for Raj Sharma, whose career graph peaked with him being named among the top 100 Wealth Advisors in the US by Barron’s and Forbes in the last few years. He draws heavily on the learning and experiences during this long innings to enrich the contents of the book.

    The author busts several myths about the typical financial advisor, with his career itself being a shining example and citing examples. It’s no longer the stereotypical ‘white man in his fifties, a man who went to an Ivy League school and has a lot of rich friends and relatives who send clients his way or a math wizard pouring over spreadsheets and calculating compound interest.

    For one, with 55 percent of Americans owning stock the scope for extending financial advisory to them is open to those planning a career in wealth advisory and need not worry of connections with the wealthy and rich uncles to get a start, he says.

    He draws a comparison to finding a good primary care doctor. People are looking for competence, care and integrity. Anyone with those qualities can build a strong business as an investment advisor. And, as you grow the clients too can grow. While the financial advisory industry in the US continues to be male dominated and mostly white, the scope for women and people of colour is growing.

    Raj also dismisses the feared threat from Robo-Advisor, though by end of 2020 robots were managing about $460 billion. Robo-advisors-tech companies that use algorithms to manage investments are cheap. But, they won’t replace financial advisors as they cannot do many things, for example reassure clients in the middle of a market correction.

    The author takes us through a journey running into 220 pages to explain how financial advisory is just not limited to investment managers. Their role expands into family dynamics, tax optimisation, estate and legacy strategy, philanthropy, asset and liability management, business services and risk management. To top it all is the emotional support they can provide.

    Like several successful immigrants who want to give back to India, Raj Sharma too as been doing his bit. The Bhuj earthquake of 2001 led to the starting of the America-India Foundation (AIF) post the meeting of Bill Clinton and Atal Bihari Vajpayee in 2001. Given his connections and advisory role to the influential people, Raj played a key role as part of Merrill Lynch, which organised a fund raiser. In 2004, with his wife Nalini, Raj Sharma started the Boston chapter of AIF.

    Incidentally, the AIF, which now supports social causes in India and US launched its first country chapter outside the US in Hyderabad in February at the initiative of Nalini and Raj Sharma. The chapter was inaugurated by K T Rama Rao, the Minister for IT, Municipal Administration and Urban Development. It will take up more projects in the near future.

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    #Fascinating #Bull #run #Raj #Sharma #Vitthalwadi #Hyderabad #wealth #corridors #America

    ( With inputs from www.siasat.com )

  • Fascinating Bull run of Raj Sharma: Himayatnagar, Hyderabad, to wealth corridors of America

    Fascinating Bull run of Raj Sharma: Himayatnagar, Hyderabad, to wealth corridors of America

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    Building a career in the US and making big money for an Indian is quite normal. But, advising and helping Americans, especially enterprises in both creating wealth and use it satisfactorily is a completely different ball game. This is where, Raj Sharma, of Indian origin and based in Boston excels as a successful wealth advisor.

    His debut book The Purposeful Wealth Advisor is a ready reckoner for professionals in business and finance intending to pursue a career in the field as well as those wanting to manage their wealth and fulfill their dreams.

    “In this inspiring immigrant success story, Raj Sharma shows us exactly what has enabled him to go from his humble beginnings to being one of the most successful wealth advisors in America. Raj has written a necessary and timely book, delivering a roadmap for unlimited success,” commented Ajay Banga, former CEO & Executive Chairman of MasterCard and now a nominee to the post of President, World Bank by Joe Biden, the US President.

    Hailing from a middle class family from Himayatnagar in Hyderabad, Raj Sharma grew up during times when taking or loan or doing business did not find much appreciation but academic achievements did. So, like most of his contemporaries he pursued a Bachelor’s in economics and business from Nizam College and then an MBA. But, parallely he worked, part time as a Radio Jockey, which in fact stood him good when he reached Boston in the early 1980s in search of greener pastures.

    After a masters degree in mass communications from Emersons College, Raj worked in film and video production and also tried a startup in gourmet coffee long before Starbucks and moved onto financial advisory in a couple of years. His big break came when he joined Merrill Lynch in August 1987.

    There has been no looking back for Raj Sharma, whose career graph peaked with him being named among the top 100 Wealth Advisors in the US by Barron’s and Forbes in the last few years. He draws heavily on the learning and experiences during this long innings to enrich the contents of the book.

    The author busts several myths about the typical financial advisor, with his career itself being a shining example and citing examples. It’s no longer the stereotypical ‘white man in his fifties, a man who went to an Ivy League school and has a lot of rich friends and relatives who send clients his way or a math wizard pouring over spreadsheets and calculating compound interest.

    For one, with 55 percent of Americans owning stock the scope for extending financial advisory to them is open to those planning a career in wealth advisory and need not worry of connections with the wealthy and rich uncles to get a start, he says.

    He draws a comparison to finding a good primary care doctor. People are looking for competence, care and integrity. Anyone with those qualities can build a strong business as an investment advisor. And, as you grow the clients too can grow. While the financial advisory industry in the US continues to be male dominated and mostly white, the scope for women and people of colour is growing.

    Raj also dismisses the feared threat from Robo-Advisor, though by end of 2020 robots were managing about $460 billion. Robo-advisors-tech companies that use algorithms to manage investments are cheap. But, they won’t replace financial advisors as they cannot do many things, for example reassure clients in the middle of a market correction.

    The author takes us through a journey running into 220 pages to explain how financial advisory is just not limited to investment managers. Their role expands into family dynamics, tax optimisation, estate and legacy strategy, philanthropy, asset and liability management, business services and risk management. To top it all is the emotional support they can provide.

    Like several successful immigrants who want to give back to India, Raj Sharma too as been doing his bit. The Bhuj earthquake of 2001 led to the starting of the America-India Foundation (AIF) post the meeting of Bill Clinton and Atal Bihari Vajpayee in 2001. Given his connections and advisory role to the influential people, Raj played a key role as part of Merrill Lynch, which organised a fund raiser. In 2004, with his wife Nalini, Raj Sharma started the Boston chapter of AIF.

    Incidentally, the AIF, which now supports social causes in India and US launched its first country chapter outside the US in Hyderabad in February at the initiative of Nalini and Raj Sharma. The chapter was inaugurated by K T Rama Rao, the Minister for IT, Municipal Administration and Urban Development. It will take up more projects in the near future.

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    #Fascinating #Bull #run #Raj #Sharma #Himayatnagar #Hyderabad #wealth #corridors #America

    ( With inputs from www.siasat.com )

  • Pulwama widows protest: Raj CM accuses BJP of politicising issue

    Pulwama widows protest: Raj CM accuses BJP of politicising issue

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    Following Bharatiya Janata Party leader Kirodi Lal Meena’s arrest on Friday, chief minister Ashok Gehlot accused the former of politicizing the issue regarding the demands brought up by widows of Pulwama attack martyrs.

    On Saturday BJP workers thronged Ghelot’s residence. They threw stones at police barricades which were retaliated by lathi-charge by the cops.

    The Pulwama widows protests have been going on for the last two weeks. The widows are demanding that the State grant government jobs to extended family members along with immediate ones on the basis of compassionate grounds.

    Their other demands include construction of roads and installation of statues of the martyrs in their villages.

    When asked about the lathicharge, senior BJP leader Sachin Pilot the issue needs to be dealt with sensitivity.

    “There should not be a false message going outside that the government is not ready to listen to the widows of our martyrs. Demands such as construction of roads, erecting houses, and installing statues are doable. However, it is another thing that we accept all their demands,” Pilot said.

    On Friday morning, the widows were shifted to nearby hospitals when they started protesting in front of Pilot’s residence in Jaipur.

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    #Pulwama #widows #protest #Raj #accuses #BJP #politicising #issue

    ( With inputs from www.siasat.com )