Navratri is a nine day festival primarily dedicated to Goddess Durga
The festival combines ritualistic puja and fasting along with cultural activities for nine consecutive days and nights.
This year the festival will be celebrated from September 21 to 29
Mumbai, August 31, 2017 : Navratri is a festival which can be celebrated by all, irrespective of their caste or religion, says one of the organizers of Ruparel Navratri Utsav 2017 here.
Ruparel Navratri Utsav 2017, co-organised by Ruparel Realty and Showbizz Entertainment, will be held from September 21 to 29. Popular singer Falguni Pathak is set to perform at the festival.
Asked if Muslims are barred from such events, Santosh Singh, one of the organizers and director of Showbizz Entertainment, told IANS: “Garbas are not meant for Hindus only. There are no divisions based on caste or religion. Everyone should be welcome, and in Mumbai, they are.”
The festival will take place at the 13-acre Late Shri Pramod Mahajan Sports Complex of Borivli, Mumbai. It means loads of people would turn up for the event. What are the security measures taken by them?
“We are not checking anyone’s identity, but we have deployed extra security and stringent crowd management measures, especially for women, so that they can enjoy the festival while feeling safe and relaxed,” said Singh.
Have demonetisation and GST taken a toll on Navratri celebrations?
“We don’t know about others, but for us, this year the Navratri festival will be interesting because after demonetization and GST, it will be the first religious and social programme that will bring lakhs of people together,” he said. (IANS)
Though there are forsure many but here we present to you the some handful of success stories of Muslim women in modern world. Totally independant and unbounded, they have carved a niche for themselves in many fields through their creativity, talent and self - belief
Not everyone is following rigid fundamentalism these days. In 2017, people and specially some inspiring Muslim women are embracing freedom and individuality through their inspirational work in global markets. Be it fashion, lifestyle,sports or politics- they are setting standards in every domain, breaking stereotypes all the way long!
Have a look at the success stories of these leading Muslim ladies and what they believe in.
Dubai based fashion entrepreneur Saufeeya is a global figure appearing in many fashion magazines. Being the co-owner of Modest Route, shehas re- branded Modest fashion in a very stylised manner grabbing the attention of 2million followers on instagram page. She is frequently mentioned in Vogue or Teen Vogue under the trademark of her bold, daring and contemporary outfits made for modern age Muslim woman. This trendsetter with her avant garde style has been revolutionizing Islamic modest clothing in world.
Carolyn hit the headlines when she was sworn in with the Quran back in 2015, becoming the first ever New York City Civil court judge to do so. She bravely stood up to the backlash that resulted later but her strong act inspired many Muslim women around the world. It somehow relieved them from communal stigmatization that they go through.
Linda, a Palestinian- American civil rights activist, is popularly known for her key role in helping to organize the 2017 Women’s March in Washington.It was a public demonstartion led by women coming together from all walks of life. With her resolute, Linda instilled in a belief in thousands of women to fight for their vanity,esteem and rights.
it is hard to imagine a female road racer/motocross rider and being a Muslim woman makes it a rare case, but Behnaz is exactly that. Born in Iran- a country where women are not allowed for exercising such liberties and are often ridiculed for their driving skills, Behnaz enjoys the fact that many men cannot do the stunts she performs with ease and confidence on her motorbike. She is the only Iranian female to be involved in road racing professionally challenging the preconceived notions of the society in regard to women.
Known for her fashion blogs, Ruma recently got mentioned on the Twitter page of H&M where she was applauded for her distinctive panache that voice traditional modesty. According to her the haute hijab empowers feminine sensibility.Being a dreamer as well as achiever, she looks forward to inspire her followers with stories and lessons learned from her life by using social media to promote the art of fashion.
Halima is a model known for being the first Somali-American Muslim woman to take part in a beauty pageant donning a hijab.With all grace and modesty she hit news by reaching the semifinals of Minnesota USA pageant. She even graced the fashion runway for Kanye West at his show Yeezy season 5. Keeping at bay all Muslim stereotypes, this flamboyant model appeared on the front cover of Allure, wearing a Nike hijab with a caption saying, “This is American Beauty.”
As a YouTuber and blogger, Shahd’s focus is mainly on providing viewers with her own original tips on how to attain healthy skin or apply makeup. Sudanese by birth but now living in Minneapolis, her tutorial videos are popularly hitting the internet since 2014. They were recently rehashed and showcased via her new sleek channel. From wearing a classic head-wrap and making pen perfect eyebrows, to her very personal stories with regard to the Hijab, she has been earnestly devoting herself to portray Hijab as a motif of modern age accessory.
Sharmeen has been mentioned by esteemed Time magazine as one of the 100 most influential people in the world. A Muslim woman filmmaker, journalist and activist born in Pakistan, most of her films highlight the inequalities that women face. She has received two Academy awards, six Emmy and Lux Style award for her bold vision. Even the Pakistani government has honored her with the second highest civilian honor of the country, the Hilal-i-Imtiaz for her dauntless contribution to films.
These handful examples of empowering, influential and compelling Muslim women express a great deal- to come out of the shackles of a society that restricts you and your creative energies.Not just to the Muslim women of today, they are inspirational for all women who seek for self – actualization.
New Delhi, October 4: Though the government’s radical measure of demonetisation has disrupted the economy and has hit the real estate sector — already reeling under prolonged slowdown — it will turn out to be a blessing in disguise in the medium-to-long term.
As an asset class, real estate has been a big source of generating and consuming black money. The cash component in real estate has been there at various levels, beginning with land transactions where it amounts to 30-50 per cent. The cash payout is quite high in luxury housing too. The consumption of cash has been as high as 30 per cent in secondary market transactions.
The primary market transactions, however, are by far bereft of cash component as home purchases are financed through loans from banks and housing finance corporations. It is another matter that even in primary market deals, developers have been encouraging cash payouts by luring property buyers with good discounts on property price.
The speculative buying by investors through offerings like underwriting and pre-launches has also been involving cash payout, leading to artificial price hike and in turn making homes out of the reach of masses.
Demonetisation, coupled with the government’s move to check benami transactions through legislation and curbs on cash transactions, was meant to clean up the system.
This sudden ‘shake up’ was, however, not without its adverse impacts. Demonetisation badly affected the liquidity in the capital-intensive real estate sector, deepening the problem of massive fund shortage/cash crunch faced by developers reeling under delayed deliveries, which deterred buyers from purchasing property.
The impact was more evident in markets like NCR and Mumbai which were largely investor-driven, compared to southern markets of Bengaluru and Chennai and even Pune in the west, which have been end-user driven. The premium/luxury residential segment, in which the cash component was more in transactions, got impacted by demonetisation.
Real estate experts’ belief that the impact of demonetisation is only short-term and will not have long-term impact, stems from the fact that developers who have been following transparent and fair practices have not been affected by demonetisation and instead it worked out to their advantage.
This also turned out to be a positive development for big global real estate consultants like JLL India which doubled its profits in 2016 over 2014-15, with 60 per cent revenue growth.
One key positive impact of demonetisation and RERA (Real Estate Regulation Act) has been that speculative investors deserted real estate and end-users/genuine buyers, who were all these years pushed to the sidelines, came out in large numbers. Now, it is the property consumers who are driving the real estate market, especially residential market, aided by the government’s pro-industry and pro-consumer initiatives.
The step to promote affordable housing and according real estate industry status for the purpose of making easy and cheap funds available to the sector also helps.
Demonetisation has particularly boosted foreign funding. The transparency brought in by demonetisation, aided by RERA, GST reforms and liberalisation of FDI norms, has boosted the confidence of foreign investors, which is clearly evident from the spurt in foreign investments, particularly from pension funds.
This will inject much needed liquidity in the sector starved of funds. Targeting consumers, the government under the Pradhan Mantri Awas Yojana (PMAY), is providing substantial interest subsidy to home buyers. The clampdown on floating cash in the system has contributed significantly to curbing inflation which, in turn, helped RBI in cutting interest rates, thereby boosting home buying.
The proposed measures to liberalise FSI norms and rationalise stamp duty, will give further fillip to the residential sector, particularly affordable housing.
Demonetisation had a salutary impact on property prices by curbing cash transactions and checking speculative pricing, in turn increasing affordability, which is a key to achieve the government’s flagship mission of ‘Housing for All’. RERA & GST are further aiding demonetisation to control prices.
The key provisions in RERA, to speed up project completion, by checking diversion of funds through mandatory escrow account, stringent penalties to check project delays, together with the government’s move to make all building sanctions online, will go a long way in checking time and cost overruns of real estate projects, thereby controlling home prices.
The ban on pre-launching of projects under RERA will also check artificial spurt in pricing. GST has come to tackle the flow of cash in the purchase of building materials by introducing input credit tax. Further, the government’s plans to liberalise FSI norms, especially for affordable homes, and rationalising stamp duty will have a sobering effect on property prices.
But for some little lingering effect, economists and real estate experts believe that the overall downside impact of demonetisation has faded and its impact is not going to be there in the next quarter.
Says Ashwinder Singh, formerly CEO of JLL India & now CEO of leading real estate consultancy, Anarock Consultants: “Other than in terms of the initial confusion-induced decline in sentiment, the trend that is emerging now, points towards a recovery in buying sentiment with serious buyers already returning to primary markets.”
The entire demonetisation exercise undertaken by the government and aided by other reforms, like Benami Property Act, RERA and GST, is to be looked at in the backdrop of the government’s multi-pronged policy to create institutional and regulatory framework for speedy and steady growth of the economy. And at the centre of all these initiatives is real estate, which is a key contributor to GDP. Going forward, these policy initiatives will help make real estate more organised, transparent, credible and affordable, making the sector investor and consumer friendly. (IANS)
New Delhi, November 3, 2017: The backbone of India’s manufacturing sector — micro, small and medium enterprises (MSMEs) — had not yet recovered from the demonetisation move when the Goods and Services Tax (GST) came in to add to the pain, according to industry stakeholders.
“The base of the MSME pyramid is comprised of informal sector, which has traditionally done business in cash. With withdrawal of cash, this market seized up for a quarter or so. They (MSMEs) are limping back to normality,” Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small and Medium Enterprises (FISME), told IANS.
“The recovery is slow because of the new disruption in the form of GST. In the short term, there could be loss of business opportunities because of lack of capital in the informal markets,” he said.
Bhardwaj said that the housing sector, which had more than 60 product categories linked to MSMEs, was drastically hit, both directly and indirectly.
According to D.S. Rawat, Secretary General of Assocham, except for some payment gateways, most of the sectors lost out.
“The impact of demonetisation would have evaporated, but the GST roll-out issues are being braved by some sectors, particularly the SMEs and the traders,” Rawat told IANS.
In the Economic Watch report by Ernst & Young for September 2017, demonetisation has been blamed for an adverse impact on the economy in the short run, as its “benefits are yet to overtake” the costs.
“The government and people at large did have to bear considerable costs in the immediate aftermath of demonetisation. Some of these costs may be difficult to quantify, but objective evidence of the short-term costs is available in at least some important dimensions,” the report said.
“There was an erosion of growth, output and employment,” it added.
The overall economic growth is still contested, however, as some argue that the downward spiral in gross domestic product (GDP) growth preceded demonetisation.
“Though the GDP growth has been lower post the exercise, it will not be fair to conclude that demonetisation was the only factor responsible for this. The growth had started slowing right after the third quarter of 2016-17 and the trend continued post-November as well,” said Ranen Banerjee, Partner-Public Finance, Economics and Urban, at PwC India.
Others like the EY’s report indicate that demonetisation resulted in a “tangible adverse impact” on GDP growth.
“Real GDP growth has been falling steadily quarter after quarter since the fourth quarter of FY16, when it was nine per cent. It fell to 5.7 per cent in first quarter FY18, a decrease of 3.3 percentage points,” the report pointed out.
“The two quarters that can be considered as the demonetisation quarters in FY17 were the third quarter of FY17 and fourth quarter of FY17. In these two quarters, the GDP growth rate fell to seven per cent and 6.1 per cent, respectively.”
It mentioned that the downward trend in growth preceded demonetisation and was largely caused by an investment slowdown.
On the industrial production front, in December 2016, the Index of Industrial Production (IIP) had contracted by 0.4 per cent from a 13-month high of 5.7 per cent reported for November.
However, it rose 2.7 per cent in January 2017. The latest IIP figures for August showed that factory output grew 4.3 per cent against the same month last year on the back of robust mining and electricity sector growth.
According to the Ministry of Statistics and Programme Implementation, manufacturing output in the country in July 2017 had grown marginally by 1.2 per cent.
“The event clearly pushed the economy towards a higher degree of digitisation and financial inclusion. Accordingly, the digital finance sector seems to have gotten a push while over the longer term financial services should be the biggest gainer,” said Anis Chakravarty, Lead Economist, Deloitte.
(Rohit Vaid can be reached at email@example.com)
(Editors: The above article is part of a series of demonetisation stories leading up to November 8)