Ajit Kothari, Proprietor, Kothari Ajit & Company, recently joined NewsX for an insightful chat as part of NewsX India A-List. In the exclusive conversation, he spoke in detail about his work in the field of finance, fundraising and much more.
Speaking about his association with the field of finance, Ajit Kothari said, “When I was doing chartered accountancy, I had seen people fiddle around for finance. They were not getting the right kind of guidance from the people in finance because generally, chartered accountants do auditing and taxation. There are no people, who can guide them on how to raise money at the optimum cost, without hurdle and do the problem of selecting finance fee. In this journey, we have had many people. Approximately, we have raised 20,000 crores for the mid-size corporate people to fund their business and to fund their ventures.”
When asked why did he decide to be in the fundraising, he responded, “MSME units can’t afford to have the finance team on their payroll, that is the biggest hurdle for the MSME unit. Their setup is small. They can’t have that much revenue, so they can’t be people who can raise money. That is the main reason to be in the MSME segment to help them. We work with them as a mentor and we guide them to raise money at the optimum cost and the right mix of equity. They should never come into the debt trap. We are there in the time of adversity to hand-hold. Suppose, they get bigger order also, then the bridge finance has to be arranged. They can’t create that in their own office, that is the main reason.”
Talking about our education system and what is the biggest change he would like to see happen today, Ajit Kothari stated, “If you see the education system, people pursue BCom, people pass BSC, but nothing related to your life. They don’t teach you how to earn in your life. That education is in no way helping you out in your life earning. You are only carrying a degree. Or, you go for a specialisation in something, then only you can understand. See, suppose we are into finance. I am a chartered accountant but up to BCom, we don’t know anything about how to earn for our life, run our life smoothly, to live the life after retirement, what kind of planning is needed. Nothing short of practical things is taught in our education system. We are just creating batches. That has to be changed and practical guidelines to be introduced that they can earn or they can sustain after 55 years of their age, when they reach a retirement table, how to manage their lives. That is the expectation from the education system.”
Giving us an insight into his background and the challenges he faced along the way, he shared, “I come from a very middle family. My father was doing service. We didn’t have that big money. I did my schooling and graduation from Gujarati medium. After joining CA, it suddenly became English medium, but that I could manage. A real challenge came in the year 2014 when somebody flee away. I had to be under the debt of Rs 20 crores because Chartered accountants are only available in the field. One person escaped and flee away, the promoters flee away from India. Nobody was there. Only chartered accountants can be catch-hold because our data are publicly available. I had to travel around the police stations, just answering the queries. I came to a situation where we literally had no penny but we had the knowledge with which we helped the people, raising finance and that came to my rescue. The way again, I can bounce back. Today, I am on the path of growth and helping people.”
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The battle without the gun
The 5th Generation Warfare is a covert attempt to paralyse a nation and a battle not on the ground but of strategies to discredit and stymie its growth.The well-described Sun Tzu Strategy is unquestionably proving to be a great approach to debilitate the growth of any country, which lists down five agendas, i.e.,win all without fighting; avoid strength, attack weakness; deception and foreknowledge; speed and preparation; shape your opponent; and character-based leadership.
Daniel Abbot defines the 5th Generation Warfare as the war of “information and perception” which calls for tactics like social engineering, misinformation and cyber attacks, artificial intelligence and autonomous robots.
The tactic of psychological manipulation in order to decay the intellect, breach privacy, or fleece the people of a country is what can be called social engineering. In recent times, there have been instances where foreign powers have adopted certain methodologies, including baiting, scareware, pretexting, phishing, and spear phishing, to rob the nation.
Deliberately spreading deceptive and misleading information in order to influence actions and the entire persona in long run is a commendable tactic to vanquish the enemy nation. Be it fuelling political agenda or be it triggering extremism, misinformation has a vital role to play.
We need to outsmart the strives of the foreign nations to uproot the culture of our country with subtle poisoning of technology along with Cyber attacks and look beyond petty affairs to see the wider picture.
Indian Embassy in Madagascar decks up with tricolour lights
As India is celebrating Independence Day on Monday, the Indian Embassy building in Madagascar’s capital, Antananarivo was seen in the Indian tricolour lights. Meanwhile, Town Hall in Antananarivo also lit up in tricolour on the eve of the 76th anniversary of Independence Day of India.
To commemorate the spirit of Independence, the Embassy of India will organise a flag hoisting ceremony on Monday at the Embassy residence Villa Tanana Finaritra, Analamahintsy, Ivandry. “All members of the Indian community and friends of India are invited to join the celebrations,” the Indian Embassy tweeted.
India and Madagascar share a strong relationship. India is a key trade partner of Madagascar with bilateral trade reaching about 400 million USD in 2020-21.
The ties between the two Indian Ocean neighbours are growing in all spheres. The two countries share healthy and strong ties which are on an upswing and several MoUs in key areas such as health, education, culture, information, and travel have been signed between the two countries.
Meanwhile, in India, Prime Minister Narendra Modi on Wednesday said the Indian national flag does not contain only three colours in it but is a reflection of the pride of our past, our commitment to the present, and our dreams of the future.
Addressing a tiranga rally in Surat via video conferencing, PM Modi recalled that in a few days’ time, India is completing 75 years of its independence and said that all of us are preparing for this historic Independence Day as the Tricolour is hoisted on every corner of the country.
Celebrating India’s achievements at 75
As India celebrates 75 years of Independence, India has channeled her civilizational strengths and cultural diversity into a brand new shared future, and opportunities for achievement, progress, and prosperity for its billion-plus citizens. Here is a list of what we have achieved since 15 August 1947.
Indian Premier League (IPL)
Indian Premier League (IPL) is an Indian professional T20 cricket league established in 2008. Lalit Modi proposed the idea of IPL and superheaded the IPL effort. It was founded by the Board of Control of Cricket in India in 2007. It is usually held between March and May of every year. In a high-profile ceremony in New Delhi, the first season was slated in 2008. The first season of IPL was won by Rajasthan Royals, captained by Shane Warne. To date, there have been fifteen seasons of the IPL tournament. Moreover, there are 10 teams they are; Chennai Super Kings, Delhi Capitals, Gujarat Titans, Kolkata Knight Riders, Lucknow Super Giants, Mumbai Indians, Punjab Kings, Rajasthan Royals, Royal Challengers Bangalore, and Sunrisers Hyderabad. The teams representing different Indian cities compete against each other. IPL is the most-attended cricket league in the world which revolutionized the game.
Success of Unified Payments Interface (UPI)
India’s Unified Payments Interface (UPI) has become the best-performing real-time ecosystem in the world with nearly 6 billion transactions a month. According to the Ministry of Electronics and Information Technology, India’s digital economy could create $1 trillion in economic value in 2025. Earlier on 11 April 2016, NPCI conducted a pilot launch with 21 member banks by Dr. Raghuram G Rajan, Governor, RBI at Mumbai. On 25 August 2016 onwards Banks started to upload their UPI-enabled Apps on the Google Play store. These are the top seven UPI apps used in India; Google Pay, PhonePe, Paytm, BHIM App, Amazon Pay, BHIMSBI Pay, and MobiKwik. Meanwhile, from 21 banks in April 2016, the total number of banks linked to the UPI platform as of Feb 2022 is 304.
Vaccination Drive of India
The ongoing COVID-19 vaccine drive in India rolled out the world’s largest COVID-19 vaccination drive. The COVID-19 vaccination drive in India was started on 16 January 2021 across 3006 vaccine centers in all its states and union territories. The vaccination drive in India has been initiated with two types of vaccines: Covishield and Covaxin, being manufactured by Serum Institute of India Ltd. and Bharat Biotech International Ltd. On the first day itself, 1,65,714 people were vaccinated and were administered to a sanitation worker at All India Institute of Medical Sciences, New Delhi. As of now, 2,08,25,13,831 vaccines have been administrated to the people. Earlier, on 30 January 2020, India reported its first case of COVID-19 in Kerala.
Mars Orbiter Mission (MOM)
The Mars Orbiter Mission (MOM), also called Mangalyaan was launched on 5 November 2013 by the Indian Space Research Organisation (ISRO). It is a space probe orbiting Mars since 24 September 2014. The Mangalyaan was launched from the First Launch Pad at Satish Dhawan Space Centre (Sriharikota Range SHAR), Andhra Pradesh. For the launch Polar Satellite Launch Vehicle (PSLV) rocket C25 was used. Mangalyaan was the world’s cheapest mission to the red planet which cost just Rs 447.39 crore. “Unlike the Mars mission, which was a one-time project when cleared, the GSAT program envisages launching several more satellites. Therefore, the money saved from its launch is with Isro to be used for future satellites,” a senior official said. The spacecraft instruments which were used are Mars Color Camera, Lyman Alpha Photometer, Thermal Imaging Spectrometer, Mars Exospheric Neutral Composition Analyzer, and Methane Sensors for Mars.
Statue of Unity
The Statue of Unity is the World’s Tallest Monument and is the most prolific creator in recent times. The Statue of Unity is dedicated to one of India’s founding fathers, and the country’s first Deputy Prime Minister, Sardar Vallabhbhai Patel with a height of 182 meters. It has been created as a tribute to the ‘Iron Man of India’. The Statue of Unity is divided into 5 zones out of which 3 are accessible to the general public. It can accommodate 200 visitors at a time and location at a height of 153 meters. It is located at Sardar Sarovar Dam, in Kevadia, Gujarat.
The battle of freedom
In the path of achieving freedom, there have been several instances that let us hold our heads high. Every day had been a battle to expel the anarchist Britishers. Here is a list of the days that helped make August 15, 1947, happen.
The British Viceroy, Lord Curzon, with the aim of weakening the unity and curbing the Nationalist movement, devised a scheme to separate Bengal and reorganise the territorial distributions dividing the Hindus and Muslims in 1905. The “Boycott” resolution was adopted at a conference held at the Calcutta Town Hall on August 7, 1905, thus establishing the Swadeshi movement and bringing its previously fragmented leadership under one leadership. A hartal and a day of sorrow were called in Calcutta on October 16, 1905, the day the division came into effect. People observed a fast, and the kitchen hearth was left unlit. Hindus and Muslims tie Rakhis to each other to symbolise unity. It was successful and the partition had to be annulled.
Azad Hind Bharat
On December 30, 1943, Netaji Subhash Chandra Bose hoisted the Indian flag at the Gymkhana ground in Port Blair and declared the island to be independent when the entire nation was clutched under British rule. He further renamed the Andaman and Nicobar Islands as Shaheed and Swaraj to mark the establishment of the Azad Hind Government, which also had its own currency and stamps. Upon raising the Azad Hind flag, Bose, the leader of the Azad Hind Provisional Government, also kept his word that the Indian National Army would be standing on Indian land by the end of 1943.
The peasants in the Champaran district of Bihar were made to endure unimaginable hardships when Europeans compelled them to plant indigo, a blue dye. They weren’t paid enough for the indigo, and they couldn’t cultivate the food they needed. Tired of the agony, the peasants turned to Gandhi. As Gandhi’s first Satyagraha movement in India, the Champaran Satyagraha of 1917 is regarded as a pivotal uprising in the history of the Indian Independence Movement.
Civil Disobedience movement
Civil disobedience, also known as passive resistance, is the act of refusing to comply with the requests or orders of a government or occupying power without using force or other aggressive forms of resistance. Its typical goal is to pressure the government or occupying power into making concessions. On April 6, 1930, M.K. Gandhi started the Civil Disobedience Movement by breaking the government’s salt law by picking up a handful of salt after finishing the illustrious “Dandi March” from Sabarmati Ashram to Dandi. He served as the movement’s inspiration and helped to mobilise the population in the liberation battle. Due to the disregard for the salt law, the Civil Disobedience Movement expanded across the nation.
Quit India Movement
August Kranti or the August Movement are other names for the Quit India movement. Mahatma Gandhi began the “do or die” Bharat Chhodo Andolan, often known as the Quit India movement, on August 8, 1942. All of the Congress Working Committee members began to be arrested on August 9 as soon as the movement began. While being placed under house imprisonment, Mahatma Gandhi was brought to Ahmednagar Fort. Approximately 940 persons lost their lives as a result of the British’s harshness during this nonviolent campaign. There were also 1630 injuries. More than 60 000 activists were detained at the same time. However, this movement brought the nation together.
‘We Women Want’: Fitness on agenda
Clinical nutritionist Dr Ishi Khosla, Fitness Expert Vesna Jacob and Dr Rita Punhani IVF Specialist of Indira IVF appeared on ‘We Women Want’ to discuss fitness tips and bust some diet myths.
The panel stressed that it is important to monitor what you eat but also the timing of the meal. Diet such as intermittent fasting and Ketos were discussed with their pros and cons. An important point was also made regarding fitness that its best to exercise when you can even if its for ten minutes and not wait for the half hour – forty minute slot for a warm up. For as Vesna Jacob said our body is primed to be active, the primitive man did not see a tiger and then say wait let me first warm up before I defend myself. Dr Punhani pointed out how a good diet is essential for a woman’s health in various stages of her life from maturity to motherhood to menopause while Dr Khosla talked of the importance of gut health. The show was moderated by Priya Sahgal, Senior Executive Editor ITV Network.
Catch fresh episodes of ‘We Women Want’ every Saturday at 7:30 PM on NewsX. The program will also streamed live on major OTT platforms- Dailyhunt, Zee5, MX Player, ShemarooMe, Watcho, Mzaalo, Jio TV, Tata Play and PayTm livestreams.
A BLAST FROM THE PAST
When we reach our late twenties and early thirties and realise how much we miss good television, we tend to go down the nostalgic path. Growing up, with summer vacations lasting a full month and shorter school days, picking a show to watch was perhaps the most challenging assignment. Our TV schedules were quite set, and included everything from Disney cartoons to Indian comedy. This edition includes a chart of five programmes we watched over and over again as children and would gladly reserve time in our work calendars to watch.
TOM AND JERRY
Everyone has heard of “Tom and Jerry”, the only well-known programme where a mouse routinely outwits and humiliates a cat ten times its size. Tom and Jerry had the most straightforward stories, but you never lost interest in them because they were so humorous and snarky. You were eager to learn what new scheme Tom had in mind and how Jerry was going to thwart it. Even though the show ran under a different name and with different studios in each decade, Tom and Jerry continued to air in the 1970s, 1980s, 1990s, and even the 2000s.
For a generation raised during the Pogo and Nickelodeon periods, watching “Takeshi’s Castle” meant seeing people fall into mud puddles. This programme will return in more than 240 markets in 2023 thanks to Amazon Prime. Takeshi’s Castle, an Indian adaptation of a Japanese programme, became well-known for its entertaining chores and Jaaved Jaffrey’s hilarious commentary.
COURAGE THE COWARDLY DOG
The majority of cartoons from the early 2000s were often highly joyful and heartwarming. However, “Courage the Cowardly Dog” was a show about scary monsters that looked like they could be straight out of some Steven King book or an old horror movie. It wasn’t really the most kid-friendly show, but it had to be one of, if not the all-time popular cartoon of the 2000s.
How we wished we were three magicians who lived in a house where they could make anything happen. For us, that was “Shararat”. This childhood show was almost like a fantasy world for Indian children—a mansion with three generations of magicians living in “Muggleland.” Therefore, we had this tiny region of Indian magicians long before the world had Harry Potter and the country of Hogwarts. It was seasoned with sweetness, spice, and just the proper amount of vice.
Everyone who was born after the 1960s has seen “Scooby-Doo” at some point in their lives. In essence, Scooby, Shaggy’s talking dog, and four youngsters (who appear to be in their mid-20s) look into numerous crimes that happen around town. The twist is always that the crimes were perpetrated by some type of monster, ghost, spirit, beast, or pretty much any extra-natural entity. The characters on the programme were Fred, who was slick and sophisticated, Velma, who was nerdy, Shaggy, who was laid back and easily scared, Scooby, who loved scooby snacks, and Daphne, who played a sort of damsel in distress role.
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