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Thursday, March 6, 2014




Sahara India Pariwar, every year since 2004, has been organising marriages of 101 under-privileged girls belonging to the economically weaker sections of the society and our junior kartavyayogi workers.


The marriage ceremonies of couples belonging to the four major religious communities - Hindu, Muslim, Sikh and Christian - are organized every year, symbolic of a 'Samuhik Vivah Samaroh' conforming to the specific religious rites and ceremonies of the respective brides and grooms. Till date, 1111 couples have been blessed.

For the 101 marriages every year, Sahara invites applications from bride and groom families who cannot bear the cost of marriage by themselves. After verification process, the applicants are included for the Samaroh. All the marriage arrangements like fooding, clothing, lodging of the relatives, Welcoming of the Baraat, Kanyadaan, 101 Mandaps, etc. are made by Sahara India Pariwar. In addition to this, Sahara also helps all the newly wedded couples in initiating a new life.  For this, Sahara gifts around Rs. 2.5 lakh worth of basic household items to each couple. The gifts consist of Color Television, Refrigerator, Almirah, a double-bed, dressing table, jewelry, Suits to the groom, Sarees to the bride and wrist watch for both. Sahara even takes care of the delivery of these gifts at the couple’s house.


Besides, one of the attractions of Samuhik Vivah Samaroh every year is the 1914 made special American Panoramic Kodak Still Camera used to capture 101 couples and their families in a single photograph. The camera can rotate up to 360 degrees and produces a very sharp image of the object. The camera uses a 10x7 inches negative specially made for the camera and which is bought from Eastman, New York.  The camera is also used to take pictures of newly elected Lok Sabha and Rajya Sabha members.

The short memorable moment that we can we must remember about Sahara and their contribution to India

Lucknow, .January 30, 2011: Saharasri Subrata Roy Sahara. Managing Worker & Chairman. Sahara India Pariwar, honouring Smt. Smita Vijay Salaskar (w/o Shaheed Shri Vijay Sahadeo Salaskar). Sahara observes Shaheed Diwas with the 127 families of Martyrs of Kargil War, 26/1l Mumbai Terror Attack and Dantewada Massacre at Sahara Shaher




Lucknow January 30 2011: Saharasri Subrata Roy Sahara, Managing Worker Chairman, Sahara India Pariwar, honoring Smt. Kavita Hemant Karkare (w/o Shaheed Shri Hemant Karkare). Sahara observes Shaheed Diwas with the 127 families of Martyrs of Kargil War. 26/11 Mumbai Terror Attack and Dantewada Massacre at Sahara Shaher.
 Lucknow, January 30, 2011: Sahara observes Shaheed Diwas with the 127 families of Martyrs of Kargil War, 26/11 Mumbai terror Attack and Dantewada Massacar at Sahara Shaher. 





Former Prime Minister of India, Mr. Atal Behari Vajpayee expressed his feelings as:
“I thank Sahara India Pariwar for taking up the responsibility of 300 Kargil martyrs’ families. I believe more such institutions and families will come forward to fulfill their duty towards the nation.”



(Left) Mr. Salman Khan, Mr. Manoj Bajpai, Mr. Sohail Khan, Mr. Dino Morea, (Right) Mr. Saba Karim, Mr. Nikhil Chopra, Mr. Nayan Mongia, Mr. Rahul Dravid, Mr.Venkatesh Prasad and Mr.Javagal Srinath along with other current and former cricketers at the Kargil Benefit Soccer Charity Match









Sahara India Pariwar, every year since 2004, has been organising marriages of 101 under-privileged girls belonging to the economically weaker sections of the society and our junior kartavyayogi workers.






‘Saharasri’ Subrata Roy Sahara and other Senior members of Sahara India Pariwar along with 101 newly wedded couples during the Samuhik Vivah Samaroh of underprivileged girls at Sahara Shaher, Lucknow

Still the voice is rising from all the corner of India in support Saharasri Subrata  Roy, In between this the Bollywood actors are not so far behind to support Mr. Roy.



Tuesday, March 4, 2014

Nearly one-third of full-time employees do most of their work in homes, coffee shops, and other remote places, according to the Flex+Strategy Group states a new study.





After extensive study, here are the best ways to make this arrangement work.
1. Reclaim your commuting time.
Commuting sucks, and one big advantage of working from home is that you no longer have to deal with it regularly. But it's crucial to reclaim the time you used to devote to travel for something productive. For example, maybe use the first 30 minutes of your day to answer emails you didn't get to the day before and the last half hour to set long-term strategic goals and specific objectives for the next day.
2. Design your space.
You've heard this one before, but it's crucial. Carve out a dedicated space that you only use for work. Preferably, you need natural light and a door, so that you can separate your work from your home life when the workday is done. Moreover, creating a separate and exclusive space can be necessary if you want to take a tax deduction for a home office.
3. Project professionalism.
Some people advise dressing as if you were still working in someone else's office. I think that's unnecessary, and maybe even a bit crazy, but you do need to come across as professional and reliable when dealing with clients. Here's an example: If you're doing video calls, consider having a clean dedicated area for them, or at least hanging a backdrop so people aren't distracted by home-office clutter.
4. Track your savings.
Following on the first three items, it helps to track how much you save as a result of working from home. Commuting costs alone can be substantial. Then consider the reduced costs of meals, now that you don't have to rely on take-out lunches and $2.50 cups of coffee, throw in your lower dry-cleaning bills, and the savings add up quickly.
5. Expand your circle.
Working at home can become isolating, unless you make an effort to build your network and maintain relationships. This might be easier in a major metropolitan area with lots of networking opportunities and industry meetings. However even if you have to travel and use lots of virtual tools--LinkedIn is a great place to start--maintaining your network should be on your to-do list every day.
6. Delegate all that you can.
When I wrote recently about delegating things to assistants, I was truly surprised by the blowback. Regardless, this is crucial, especially if you work from home, because it's easy to fall prey to the illusion that you have unlimited time, and can now do everything yourself. However, if you have a business worth doing, you can--and should--delegate things like managing your calendar, doing initial research, and handling household chores.
7. Manage your distractions.
Talk about easier said than done, but another danger in working from home is that it's so easy not to work. One winning strategy is simply to accept that you'll never be 100 percent productive. That makes it easier to be in control of your "mind-wandering" time at work, and keep it under control.
8. Own your day.
If you find yourself working earlier, take time for yourself and your family later. At the same time, it's great to do errands during low-demand hours. Don't fight the crowds at the mall on a Saturday. Instead, discover the tranquility of 10:30 a.m. on a Tuesday.
9. Own your week.
If you liked the idea of owning your day, just wait until you own your week. If you've wondered how many more runs you could get in on the ski slopes on a Wednesday (or whatever it is you like to do for fun), or how much easier and cheaper it would be to travel during times when fewer people are able, the answer is: a lot. In fact, the only drawback is that friends and family probably don't have the same flexibility. Once you get to the point where you own the week, however, you'll find yourself longing a lot less for the weekend.

Sunday, March 2, 2014


Two days ago, some 24 hours after Sahara's Subrata Roy was arrested at the command of the Supreme Court, I had an interesting phone conversation with a Sahara depositor. This was someone who was not just made a deposit with Sahara in the past, but was planning to do so again soon. He knows many people who are regular Sahara depositors. He had a form with him for two schemes. One of them offered a gain of 10% for a tenure of one year, and the other, a gain of 40% for a deposit period of 48 months.

That's also about 10%. There are several things here that those who are acquainted with the Sahara affair only through TV and newspapers would find surprising. One, there is still financial business being conducted under the Sahara brand. This example is from Jharkhand, and not from a small town either. Two, there are people who are still willing to deposit money with Sahara. This particular depositor is an educated man who has access to the entire range of financial instruments.

Three, I think there are at least some media commentators who would be surprised that there is any such thing as a Sahara depositor. And four, those who'll try to think through this thing will see that 10% per annum is hardly an outsize or a Ponzi-like return being offered.
So why are people still willing to deposit money with Sahara? As far as I can see, simply because they started doing so in the past and the experience has not been negative. They did so in the past, got their money back with the promised returns and it just goes on, even when they have access to alternatives.

One thing about Sahara, which is getting lost in the excitement about the legal tricks that the Sahara group has been playing with Sebi and RBI, is that there is a real savings and investments business that exists. This business is likely to be illegal now, likely to be declining, it may be wrapped up in a larger money-laundering scheme, and its scale may be smaller than the claims of Sahara.

However, there really are a large number of depositors who use Sahara's services and have done so for years, even decades. This is something that anyone who has first-hand familiarity with life in small towns of the Hindi belt can vouch for. This business still exists. When, in 2008, RBI asked Sahara to wind up this business, it should have done so in a law-abiding manner. However, it didn't and RBI failed to detect that it didn't.

Currently, there is a lot of noise being made about the interests of depositors by various authorities and the media. However, the actual focus and the actions do not have the depositors' interests at heart. One reason is that there is a certain belief that these depositors don't exist, that Sahara is entirely a money-laundering scheme.

This simply isn't true. To my mind, the most important question today is what is the real base of investors and if there are enough assets backing their deposits. The long period over which Sahara has existed and the reasonable returns it offers make it unlikely that it's an out-and-out ponzi scheme like Saradha in Bengal and so many others.

However, there may well be some shortfall in assets. Sahara may be a rogue financial institution. And if the rogue part of that description is true, but so is the financial institution part. The most important thing today is to provide a safe exit to real depositors. The cat and mouse game of the so-called Sahara Shri will no doubt continue to entertain all of us for a while. However, someone needs to pay some attention to the real small depositors.

By: Dhirendra Kumar CEO, Value Research

http://economictimes.indiatimes.com/opinion/comments-analysis/sebi-sahara-row-why-people-are-still-willing-to-deposit-money-with-subrata-roys-company/articleshow/31323040.cms

Friday, February 28, 2014

The hearing on 11.2.2014 witnessed a lot being made out of the startling fact that Sahara has been raising money in cash and correspondingly a one-sided story has surfaced so far in the public eye. This incident has severely dented Sahara’s image and credibility which can potentially impact 12 Lakh families dependent on Sahara for earning their livelihood.
The truth lies in the fact that most of our investors are small. In OFCD an average investment is no more than a mere Rs. 8,000 while around 98% investors fall below the Rs. 19,000 mark to as low as even Rs. 500. Interestingly enough, most of these people do not have banking privileges and neither do banks aim to reach them.
On this context it is very important to take note of the fact laid down by trusted global and national studies that only 50% of India’s billion strong population has access to Banks. Hence these deprived small investors deposit their hard earned cash at Sahara to watch it grow for a safer future.
India’s truly indigenous partnership firm Sahara India has infrastructure throughout the country with more than 4700 offices which employ Lakhs of workers. Sahara was and is committed towards excellence for benefitting the society at large and continues to provide work and infrastructure services to Housing Finance, Mutual Benefit, Residuary Non Banking, OFC Debentures and Credit Co-operative Society as well as non-financial activities.
The branches and service centers of Sahara India follow strict, convenient, safe and financially beneficial policies which have been adopted to ensure priority utilization of a day’s money coming from the vast range of Sahara ventures to clear daily payments including establishment expenses, secured loans, prematurity, maturities, redemption and whatsoever which are entirely settled constitutionally at the headquarter level.
The strict aforesaid policy was followed primarily due to reasons enumerated as follows:
a. We have lost few lives of our fellow Sahara workers involved in shifting money from branches to banks and vice versa (more dangerous in the later scenario) over the years. Innumerable times have our men faced cases of snatching and robbery where some have succumbed to the serious injuries while many had to deal with minor injuries. Our men are wary of their safety to while shifting money from the deposits to the bank and vice versa as well. It is definitely neither cost effective nor viable to provide armed security at every juncture in more than four thousands of nationwide branches.
b. If the policy would have been to transfer all the collected money from our branches to the Headquarter and then back again to the branches for making payments, the entire procedure would have cost us a huge amount in the form of bank charges including further losses of interest which on continuous basis would have led to serious financial consequences that has hard hitting social impacts. This would have severely compromised with our strict day-to-day basis policy for payments.
Regarding large payments in short periods, SEBI is unwilling to understand the spread of Sahara’s network into 4700 centers across India. Careful calculations would reveal average daily financial transactions per branch to be around Rs. 2.5 Lakhs which in no way is a negligible phenomenon.
Out of the Rs. 5120 Crores deposited to SEBI by Sahara, SEBI has been able to repay only around Rs. 70 Lakhs to the investors in the last 17 months. SEBI has contemptuously ignored the Honorable Courts’ order by failing to initiate a single verification yet out of the 3 Crore investors in the last 17 months which includes the last few months of their total avoidance to report the valuation of Sahara’s assets submitted to them. We are indeed very happy this time to acknowledge the Honorable Court’s order for SEBI to come out soon with Sahara’s valuation report.
Good Morning Everybody
On behalf of the Sahara India Pariwar, We welcome you all.
We are meeting at a time when our organization has been very wrongly interpreted and presented in public against the backdrop of the ongoing Sahara – Sebi case.
As the matter is Sub-judice, we cannot bring forward many things pertaining to the case but being an organization like Sahara India Pariwar with a base of more than crores and crores of investors and having kartvyayogis in tune of 12 lakh, we feel it is our moral right and duty to come forward and dispel some misconceptions which are being created by parties having vested interest in the dust of ongoing dispute.
As you are aware of the happenings in this case and the developments of last two days, we wish to put forward the facts for the understanding of our esteemed investors / customers / kartavyayogi karyakartas, associates and business partners / our well wishers and public at large.
·    On 20th Feb’14, Hon’ble supreme court orders our Chairman Sri Subrata Roy Sahara (Saharasri Ji) and 3 other directors to appear in person in Hon’ble supreme court to be a part of the proceeding of that particular day related to the ongoing dispute of our two companies namely Sahara India Real Estate Corporation Ltd and Sahara India Housing & Investment Corporation Ltd with Securities Exchange Board of India (SEBI).
·    On 22nd Feb’14, Saharasri Ji arrives in Delhi to have one on one meetings with our Senior Legal Counsels namely Shri Ram Jethmalani  & Shri Aryama Sundaram and thereafter to attend the proceedings in Hon’ble supreme court on 26th Feb’14 along with other three Directors
·    On 23rd Feb’14, Saharasri Ji meets both Senior Counsels Shri Ram Jethmalani and Shri Aryama Sundaram at their respective residences in New Delhi.
·    On 24th Feb’14, towards late evening Saharasri Ji is informed that the health condition of his mother Smt. Chabbi Roy, aged 92 years, who has been unwell for some time and is being attended and treated at Sahara Hospital in Lucknow, has suddenly deteriorated and her situation is critical.
·    Saharasri Ji being the eldest child of his mother and also being very attached to her decided to go back to Lucknow immediately with a private charter to be with his ailing mother at this critical moment as any son would have done in order to fulfill his emotional duties and obligations  towards his mother.
·    After arriving in Lucknow and understanding his mother’s fragile conditions Saharasri Ji decides to stay back in Lucknow to ensure proper support and care for his ailing mother.
·    Having taken this decision absolutely on Humanitarian and Emotional grounds he was also conscious of the directions given by Hon’ble Supreme Court. Therefore, he instructs the legal team to move an application to the Hon’ble Supreme Court immediately seeking an exemption from the hearing for that particular day. While the rest of three directors were to attend the proceedings, his inability to attend was also communicated in writing to our Senior Counsels personally by Saharasri Ji citing the reasons in detail.
·    Accordingly the very next day i.e. 25th Feb’14 our senior counsels Shri Ram Jethmalani and Shri Ganesh move a special application for seeking personal exemption along with a medical certificate issued by Padamshree Dr. Mansoor Hasan Head of Cardiology Department of the best Hospital in City of Lucknow run  by Sahara India Pariwar, which clearly states the fragile and deteriorating condition of Saharasri Ji’s Mother.
·   Accordingly the same matter was mentioned in front of the special bench, however the Hon’ble Justices did not grant us the short relief citing the reason as their inability to modify the order dated 20th Feb’14, subsequently Hon’ble Justices asked our counsel to take up the matter on the date of hearing that is 26th Feb,’14.
·   It is pertinent to mention that the condition of Saharasri Ji’s Mother continued to remain fragile and he decided to stay back in Lucknow at the side of his mother during this extremely critical phase hoping that Hon’ble Supreme Court will consider his request on humanitarian grounds. In spite of being so emotionally low Saharasri Ji again writes a personal letter to Shri Ram Jethmalani Ji expressing his helplessness to leave lucknow with a request to read out this letter during the court hearing .
·   On 26th Feb,’14 Senior Counsel Shri Ram Jethmalani informs the special bench about Saharasri Ji’s inability to be present in Hon’ble Supreme Court to attend the hearing on 26th February due to the critical condition of his mother. However, the justices pass an order to serve non bailable warrant in the name of Saharasri Jiand in order to ensure the presence on the next date of hearing i.e. on 4th March ’14.
·   On 27th Feb’14 Sahara files a special application seeking the recall of the non-bailable warrant issued with an undertaking of Saharasri Ji to be present on 4th March’14 without fail. On 27th Feb’, 14 evening, Lucknow police visits Sahara Shaher in Gomtinagar Lucknow to serve the warrant to Saharasri Ji.
·   During the same time, he was out of Sahara Shaher Lucknow to consult with the panel of doctors with certain medical reports of his mother and then also to visit a lawyer’s residence.
·  On his return late in the evening, Saharasri Ji was informed by the family members about the police visit and about the news appearing in certain section of India across the country.
·  On 28th Feb’14, in the early morning hours, as a law abiding citizen he willfully decides to submit himself to Lucknow police based on the warrant issued and asks them to proceed with their call of duty as per the directions given by Hon’ble Supreme Court.
·  Today morning, our senior counsels have again approached Hon’ble Supreme Court with a plea and a personal appeal from Saharasri Ji to recall the non-bailable warrant as he has willfully submitted himself to the Lucknow police. He gave an assurance to be present in Hon’ble Supreme Court on the day of next hearing i.e. 4th March’14.
·   At this moment, as we speak Saharasri Ji is with UP police and cooperating wholeheartedly with all the authorities in order to ensure the direction given by Hon’ble Supreme Court.
For the consumption of all those who are associated directly or indirectly, nationally and globally, with us, we wish to reiterate the fact that Sahara India Pariwar has always put our beloved nation ahead of any business interest and have always have ensured compliance to the law of the land across our businesses and processes.
From a humble beginning in 1978, Sahara India Pariwar has created many milestones in the journey and today we have a huge asset base which includes our 12Lac + karyakartas and crores and crores of investors. In the past also, we have faced many difficulties and each time we have reemerged more strongly and firmly. In our endeavor to build our nation, we not only diversified our business in the country but also expanded globally.
As you are aware that we are fighting an ongoing long legal battle and are confident that it will arrive to its logical conclusion soon, having stated the above, as a responsible business organization with high level of discipline and ethics we are committed to abide by the law of the land as we have been practicing always.
Last but not the least,  Sri Subrata Roy Sahara to me is not only a doting father but also a patriotic son of the soil who has contributed immensely to the country in many ways whether it is various social causes impacting lives of people across the length and breadth of the country or whenever India needed its son to stand up and shoulder responsibilities like helping the families of Kargil martyrs,  Mumbai terrorist attack martyrs and  victims of earth quacks, floods and other forms of natural calamity. Today it pains me to see his reputation and image being maligned in this manner and I humbly seek your support and cooperation.
In the end I would like to read a small message Hon’ble Saharasri Ji
“My office, my collegues, my family members are continuously getting calls, sms etc from media friends, relatives. They want to hear from me. All I want to say is This Is The Best Honour My Country Could Give Me”

Source: http://topbusinessnews.wordpress.com/2014/02/28/statement-from-shri-samanto-r-roy-executive-director-sahara-india-pariwar/