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India is observing ‘Good Governance Day’ today. The concept of good governance is qualitative in nature, and is intimately connected with the concept of the welfare state.
‘Governance’ basically refers to the process of framing rules, decision making, and implementation of those decisions, such that a society, a country, or an organization is sustained and taken forward towards progress. A UN document defines ‘Good Governance’ as being participatory, consensus oriented, accountable, transparent, responsive, effective and efficient, equitable and inclusive, and follows the rule of law.
Yogakshema– the goal of good governance
In India, the concept of the welfare state and good governance is very old and an exposition of them can be found even in their oldest scriptures of the Vedas. Thus, Shukla Yajurveda (6.31) includes a prayer wherein a ruler prays thus: “let my subjects be satisfied, my herds be satisfied, my people be satisfied, let not my people be needy.”
Similarly, Manu Smriti (7.3) says that without a proper ruler (i.e. government), the anarchy will result in citizens living in fear and thus, Kingship (i.e. government) was instituted for the protection of the subjects. This is further attested in the Mahabharata (Shanti parva ch.58) which declares the protection of subjects as the ‘cheese of kingly duties’ and then includes the various factors of good governance, ranging from punishing the criminals to supporting meritocracy, from ensuring security to enabling financial transactions, as the means for ensuring this ‘protection of the subjects.’
In other words, ‘Yogakshema’ or the welfare of the people was the ultimate goal of any ruler or government and good governance was the means to achieve it. But, this exposition of Yogakshema and thus of good governance was not limited to the material (social, political, and economic) welfare of the people, but included spiritual and moral well-being as well.
Thus, writing about the Indian conception of Yogakshema as expounded by Kautilya, M M Sankhdher notes: “Kautilya over-reached the modern concept in that his Yogakshema aims at an all-round development, material as well as spiritual, of the society as well as of the individual. It involves the well-being of the poorest of the poor. The Kaultiyan state, we are told, ensured freedom, happiness, prosperity, and full-fledged development of human personality. Yogakshema demanded a higher moral consciousness both at the elites’ and at the common people’s levels.”
Dharma – the basis of good governance
The concept of ‘Yogakshema’ cannot be perceived in isolation. Welfare is driven by human actions. But, all human actions do not by default lead to happiness and welfare. Thus, Gita (16.24) says, one should learn to differentiate between the actions that ought to be performed and those actions that ought to be avoided. And this division of actions into obligated and prohibited is in turn rooted in the concept of ‘Dharma.’
Dharma which literally means ‘that which upholds’ refers to all those actions which will cause material welfare, happiness, and spiritual upliftment of an individual in the human context. And these Dharmic actions have been enjoined as duties upon each person so that by their performance an entire society or a country achieves overall welfare and development. Thus, Yogakshema of a nation is directly dependent upon the performance of Dharma (i.e. Dharmic duties) by each individual starting with the head of the state.
Governance being the prerogative of the government, and the head of the government being the most important person who drives the whole governance mechanism, his performance of his duties, and his adherence to Dharma becomes the most vital element for achieving Yogakshema of all citizens. Thus, the popular saying stated ‘yatha raja, tatha praja’ (As is the king, so are the subjects). An able administrator who strictly adheres to Dharma will implement proper measures to ensure the welfare and progress of the people, whereas an incompetent Adharmic ruler will push the nation into chaos and suffering.
Also Read: Why duty-based rights narrative is essential
The head of the government cannot and should not act according to his whims and fancies. His sole purpose and duty is to implement good governance by adhering to the principles of Dharma so that the overall development of his citizens is achieved. Atri Smriti (verse 28) says that punishing the wicked, honoring the good, enriching the exchequer by just methods, being impartial towards the litigants, and protecting the kingdom are the five yajnas i.e. selfless duties to be performed by the ruler. Mahabharata (Shanti Parva Ch.90) says that a person becomes a King for protecting Dharma and not for acting capriciously. Similarly, Manu Smriti (7.27) says, a ruler who uses his power of ruling in a proper way, i.e. for the welfare of his citizens, will achieve all desires, wealth, and spiritual merit. On the other hand, a ruler who misuses his power for his selfish reasons will end up in destruction.
In other words, an incompetent and Adharmic person should never occupy the seat of the government. For this reason, the Hindu scriptures stress again and again regarding the required competencies of the kings. Kaultiya’s Arthashastra (1.19.39), for example, states that a ruler’s happiness lies in the happiness of his subjects, in their welfare his welfare, whatever pleases him (personally) he shall not consider as good. Whatever makes his subjects happy, he shall consider as good. He also lists receptive mind, firmness of purpose, and training in all activities of the government as some of the qualities of a King. Similarly, Mahabharata (Shanti Parva Ch.90) says that a king should never abandon righteousness and should always be rooted in it. On the other hand, Manu Smriti (7.30), declares a person who is weak, ignorant, greedy, without discrimination of right and wrong and attached to sensual desires as being unfit to govern.
Hence, Dharma in its twin roles of duties and righteousness is the very basis of ensuring good governance and welfare of everyone. The government and the people involved in the governance are mere enablers who implement principles of Yogakshema. Thus, Brihadaranyaka Upanishad (1.4.14) calls Dharma as the king of the kings and states there is nothing superior to Dharma.
Elements of Good governance
Though, good governance is a qualitative term, it can be analyzed using certain parameters which can give definite information regarding the state of governance. The World Bank determinates of good governance include factors like political accountability, transparency, democracy, legal framework, an independent judiciary, importance to the rule of law, effective administration, and cooperation between the government and civil society.
Most of these factors could also be observed in the ancient Indian concept of good governance and Yogakshema. Arthashastra, for example, deals extensively with law and order, political and bureaucratic accountability, the establishment of the rule of law and elaborate legal framework, prevention of corruption, human resource management and meritocracy. Similar issues of law and order, the judicial system and the delivery of justice, punishments for the offenders, etc. have been elaborated in Manu and other Smritis as well.
Summarizing the elements of good administration based upon ancient Indian scriptures, Aruna Goel lists following elements:
- Openness in the sense of having wide contact with the people administered.
- A sense of justice, fair play, and impartiality in dealing with men and matters.
- Sensitivity and responsiveness to the urges, feelings, and the aspirations of the common people.
- Securing the honor and dignity of the human being, however humble he or she might be.
- Humility and simplicity in the persons manning the administrative machinery and their easy accessibility.
- Creating and sustaining an atmosphere conductive to development, growth, and social change.
- Honesty and integrity in thought and action.
In addition to these, the Hindu scriptures stipulate the rulers to carry out actions that cause spiritual upliftment of the society and create a social condition wherein people can freely practice their social and spiritual duties. The heads of the governments are obliged to serve its citizens, both materially and spiritually. Thus, the kings of the old supported various Brahmanas who dedicated their entire life to performing religious and spiritual duties and the rulers themselves indulged in charity, rituals, and other spiritual works. Manu Smriti (7.43) says that the ruler himself should be well learned in Vedas and other spiritual scriptures apart from learning about governance, etc. that are necessary to rule. Thus, the ancient concept of Good governance did not create a separation of secular and spiritual aspects of life. Dharma, which upholds life, was the guiding beacon of good governance and it catered to the welfare of all aspects of society – sacred and secular.
Comparison between Dharmic and modern Western models of good governance
The ancient Indian model of good governance, which can be more properly called as a Dharmic model of Yogakshema, contained within itself most of the elements that are present in the western models prevalent today. But, the glaring difference is in the fact that Yogakshema model perceives welfare in a wholesome integral manner, whereas the modern models perceive development as a secular activity that involves the accumulation of wealth without any reference to ecological, ethical, and sacred aspects of an individual and the society.
Thus, elements of ethics and spirituality play no role in Western models, whereas they are very central to Yogakshema model. The western models further create a distinction between religion and secular affairs which is largely rooted in the fact that European nations where secularism had developed had severely suffered from the regressive and anti-science temperament of Semitic religions. India, which has always existed on the foundation of Dharma, never faced any necessity of creating artificial exclusive categories of sacred and secular. Thus, the Yogakshema model perceives governance in a more integral manner catering to all aspects of society.
The Yogakshema model not only enables the society to raise its overall quality of life on the mundane level but also assists to raise the level of consciousness on a universal level. It aims to provide full freedom for every citizen to carry out his Dharmic duties without hindrances so that everyone can attain overall welfare and happiness in their lives. This it does by positioning the entire process of good governance and welfare state on the firm foundation of ‘Duties.’ This duty based narrative ensures that welfare state is not a privilege, not an entitlement that could be misused the way it is being misused in the modern rights-based narrative.
Instead, the welfare state and good governance are made the prerogative of every citizen and the ruler’s sole purpose is to serve his citizens, and he is bound by same obligations, same duties as his citizens. The only difference between a ruler and a citizen is that the magnitude and scope of those duties in case of the ruler is many times greater than in the case of citizens.
This stress on personal duties in the Yogakshema model naturally translates into the emphasization on ethics. In fact, ethics like truth, honesty, non-injury, etc. have been enumerated as Samanya Dharma– universal duties in Hindu scriptures. On the other hand, though professional ethics is stressed in the modern models of governance, ethics as an obligation or duty are still missing.
M M Sankhdher, who examines this difference between Yogakshema and modern welfare state models comments: “There are conceptual differences between the modern welfare state and Yogakshema…the distinctive features of Yogakshema, such as, Dharma, versus religion, selectivity versus universality, duties versus rights, self versus ego, self-employment versus state-employment, above all the role of family in welfare.”
Thus, Yogakshema model of Good governance has better vision and definite advantages over the model models of governance. It is high time that India government realizes the effectiveness of Yogakshema model and bring them into practice.
By- Blogger Indifi
EMI is known as equated monthly installments. It is a fixed payment made by the borrower each month to repay the loan amount. The EMI is divided into two loan components. One is the principal amount, and the second is the interest amount. Whether you are applying for a personal loan, business loan, home loan, car loan, or education loan, EMIs are easy to calculate using the EMI loan calculator.
Three parameters based on which EMI calculator works:
- Loan amount.
- Repayment tenure.
- Rate of interest (offered by the lender).
Factors that affect the Loan EMIs
Above, we have discussed the main parameters on which loan EMI is based. Here are the factors that affect the EMIs.
Changes in the loan interest rate: There are three loan interest rates -- fixed, floating, and hybrid.
When an interest rate offered on a loan is fixed, in that scenario, there are no changes in the EMIs.
A floating interest rate is linked to the marginal cost of the fund-based lending rate and can change the loan EMIs. As the rate is flexible, it keeps changing per the repo rate.
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If you have taken the loan on a hybrid interest rate, the interest rate is fixed only for a particular tenure. After that, it is on MCLR to decide the interest rate, and based on the determined interest rate, the EMI changes.
Tenure: When you opt for a loan transfer from one lender to another, there may be a possibility of change in the loan tenure. It will also bring changes in the EMI calculations. If the tenure increases, it will decrease the EMI. In case the tenure is reduced, EMI will increase.
Sample loan chart of a business company Image source: wikimedia commons
The loan amount of repayment is also a reason that affects a loan's EMI. If you make a loan prepayment, it reduces the outstanding principal amount, based on which the EMI amount or tenure is changed.
Benefits of using an online EMI calculator:
- Find out exact EMIs to be paid monthly for any loan.
- Saves time.
- Get a detailed overview of loans applied using the amortization schedule.
- Plan your monthly finances well in advance.
You can set multiple schedules and loan tenures. After a detailed schedule comparison, choose the one that suits well with your financial requirements.
Significance of loan amortization schedule in EMI calculator
A loan amortization schedule data shows the EMI break-ups. It shows how much EMI you need to pay for interest and what you will pay as the principal amount. It is one of the most significant advantages of using the EMI calculator. The EMIs that you pay as principal will keep reducing the loan's principal amount. It will also result in decreasing the interest amount. You will get to know all these things when you use the EMI loan calculator frequently. The amortization schedule is one of the essential features of an EMI loan calculator that helps design the proper prepayment schedule.
The different types of EMI calculators
Home loan EMI calculator
Home loans are one of the most popular and common loans applied for in India. It has a long tenure and a sizable principal amount. Whenever you apply for a home loan, it is essential to do all the EMI calculations in advance. There are various home loan EMI calculators available online with every home loan provider. All that is required to calculate the EMI is the loan amount, tenure, and interest rate. Using a home loan EMI calculator can help you easily plan your finances.
Business loan EMI calculator
Like home loans, business loans also come with a massive principal amount and longer tenures. So, using the business loan online EMI calculator is a smart way to calculate the business loan EMIs. Requirements are the essential loan details, such as repayment tenure, interest rate, and the loan amount. Online, equated monthly installment is automatically calculated at the lender's website.
Personal loan EMI Calculator
Personal loans are multipurpose. It is the reason they are considered as the most applied loan to meet immediate financial requirements. For choosing the right loan amount, you must use the personal loan EMI calculator. It will help you to choose the best interest rate loan offer and tenure. Try to go with the shorter term to pay less interest on the principal amount.
Sample of External Loan amounts Image source: wikimedia commons
Education loan EMI calculator
Education costs increase each year and can cause financial strains on a family. If you are planning to send your child overseas for higher education by applying for an education loan, at that time, the EMI calculator proves to be the best online financial tool. It will help you to decide the right EMI amount where your daily expenses remain unaffected.
Simple interest loan EMI calculator
An EMI calculator is used to calculate the simple interest applicable on the loan amount for a specified tenure. It is one of the most accessible financial tools. All that is required is tenure, a simple interest rate, and the borrowed amount. After that, click on 'calculate' to know the exact EMI to be paid.
Loan against property EMI calculator
If you have any residential or commercial property registered in your name, you can apply for a loan against the property. It is a kind of secured loan, where the property is kept as collateral. To understand how EMI works under this loan scheme, use the loan against the property EMI calculator.
Overall, EMI loan calculators are one of the best financial tools to compare varied loan offers. It provides a clear picture of the total cost of the loan and respective EMIs to be paid monthly. Online EMI calculators are available on every lender's website; whether you are applying for a business loan online, home loan, car loan, personal loan, or any other loan, using the online EMI calculator can help. Just with a click of a mouse, you can keep control of your financial life.
The online EMI loan calculator has been programmed with the formula based on the loan applied. There is no need to worry about the accuracy of the result. All that you are required to share for the calculator to do its job accurately is the right amount, tenure, and interest rate offered by the lender.
Disclaimer: (This article is sponsored and include some commercial links)
The symbol of Swastika is known to signify peace, prosperity, and good fortune in the religious cultures of Eurasia. In fact, this symbol is considered very significant in Hinduism, Buddhism, and Jainism. But, at the same time, it has become one of the most misunderstood religious symbols and has been globally banned in many countries.
The reason why the symbol of Swastika is banned in many countries is because of its association with Adolf Hitler's extreme political ideology, Nazism, as Swastika as its official symbol.
Austria, France, Latvia, Spain, Germany, and Russia are amongst the many countries that have banned the display and use of the Swastika.
Moreover, last week Victoria in Australia is preparing to become the first-ever state to ban the public display of the Swastika. This is a step towards an expansion of anti-vilification laws in the state.
Representation of the Swastika on the flag of Adolf Hitler's Nazi Movement.Photo by Flickr.
Now, we must know and understand what went wrong with this symbol, which is sacred and signifies all-good things.
For a very, very long time, in India, the Swastika is the first emblem that is worshipped or even drawn before any sacred and auspicious ceremonies as this symbol in Sanskrit represents 'well-being'. But, the Swastika lost all its credibility when it was wrongfully used by Adolf Hitler.
In fact, it is believed that if this symbol is worshipped properly, then it gives positive results. But if it is abused, then it gives negative results. So, when Adolf Hitler rotated the Swastika at 45 degrees, it slowly and steadily brought misery not only to Adolf Hitler and his theory of Nazism but also to all the people who were associated with him.
Therefore, in order to give the kind of respect and credibility which the Swastika deserves, World Interfaith Harmony Week which was held in New York in February this year, interfaith groups appealed to the United Nations to recognize and acknowledge the Swastika as an important and peaceful symbol. In fact, they also differentiated it from the Hakenkreuz or "Hooked Cross" of Adolf Hitler.
Keywords: Swastika, Symbol, Nazism, Hinduism, Adolf Hitler, United Nations, Buddhism, Jainism
India celebrated a historic day on August 7, as 23-year-old Neeraj Chopra became the first Indian to win an Olympic gold medal in athletics. In the men's javelin throw event, he achieved his greatest triumph, throwing the javelin 87.58 meters on his second try.
Neeraj Chopra was born on December 24, 1997, in Khandra village in Haryana's Panipat district. He grew up in a Haryanavi family of farmers. He is the brother of two sisters. He graduated from Dayanand Anglo-Vedic College in Chandigarh and is now enrolled in Lovely Professional University in Jalandhar, Punjab, pursuing a Bachelor of Arts degree. Chopra was bullied due to his obesity as a kid, which prompted his father to enroll him in a nearby gym. He then joined a gym in Panipat, where Jaiveer Choudhary, a javelin thrower, noticed his potential and coached him. When the 13-year-old Chopra finished training under Jaiveer for a year, he was enrolled at the Tau Devi Lal Sports Complex in Panchkula, where he began training under coach Naseem Ahmed.
In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018. | Wikimedia Commons
Chopra's first international medal came in 2014, as he took home a silver medal at the Youth Olympic Qualification Tournament in Bangkok. In 2015, he set a world record in the junior category of 81.04 meters in the 2015 All India Inter-University Athletics Meet.
Since emerging into the public eye with a historic gold medal at the junior world championships in 2016, he has maintained a high level of performance, setting an Under-20 world record of 86.48m, which still stands. Gold medals in both the 2018 Commonwealth Games and the 2018 Asian Games are among his other accomplishments, including a first-place in the 2017 Asian Championships. In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018.
Chopra has also had his share of bad events in life. In 2019, he underwent surgery on the elbow of his right throwing arm, which kept him out of the game for almost a year. However, he returned more robust than ever. In November 2019, he went to South Africa to train from Klaus Bartoneitz. He spent the following year in India training at the NIS Patiala because of the COVID-19 pandemic. He was allowed to go to France with his coach after weeks of trying to get a travel visa.
Neeraj Chopra made history in the 2020 Tokyo Olympics by becoming the first Indian to win a gold medal in athletics. Also, it is worth mentioning that after Abhinav Bindra, Chopra is only the second Indian to win an individual gold medal.
Keywords: Neeraj Chopra, Olympics, Tokyo2020, Gold medal, javelin, India, Haryana