Friday, October 21, 2005

Don't throw stones at him for telling the truth


I was reading an article in Deepika which was criticizing a statement made by Kerala Minister of Co-operation Com. M V Raghavan. The statement was something like this
"People take agricultural and other loans and use that to buy gold and to conduct marriage. Those who have loans to pay off should not buy gold and should never show off. Government will go ahead taking actions against those who don't pay back the loans."
I have seen articles in Deepika and Kerala Kaumudi severely criticizing him for this. I think he should be hailed for telling the truth.

Kerala stands first among India in suicide rates. What is the main reason for it? It is due to Malayali's love for "GOLD" and "SHOW OFF".


I have seen one of my close relatives' transformation (from being rich to being in debt and on verge of suicide) happen with my eyes. When I was young my relative was very rich. They had over 10 acres of land and that uncle was working in the police department. They had 2 houses and scores of servants in their house. When we needed money I have seen my parents borrowing money from them. Since they were rich they pampered both their children. They constructed a very big house selling half of their land and taking a big loan. The reason my relative gave to construct that house was that "I should conduct my daughters wedding in a palatial house". He constructed this house costing him around 20 lakhs about 10 years ago. He conducted his daughter's marriage in a royal way. Then he had her wear 1.5 kgs of gold!!! (Nowadays the standard is 3 kgs of gold in Trivandrum). He conducted the marriage in the costliest hall in Trivandrum. He invited about 1000 people.

Once the marriage is over, he had to pay about Rs 20000 per month just as interest for all the loans he had taken. His pension is less than that. He has a son who is unemployed. He started taking money from "blade" (at an APR of 72%, which is the normal APR for "blade companies"). To pay the interest of this he took money from another lender and another lender and another lender and so on..........
He has sold all his property and houses and is now living in a rented one room thatched roof house in our native place. If he sees anyone (even his once upon a time servants) he begs for money. My parents were telling me that he has loans atleast for 50 lakhs.

No one in the world can help him now. He doesn't have any other option other than committing suicide. When he does that Malayala Manorama and Deepika with have an headline which reads

"Kadakeni-Thiruvananthapurathu oru karshakanum kudumbavum athmahathiya cheythu"

They will sensationalize the story by putting the word "karshakan". They will never throw light why this happens. If someone points out why this kind of thing happens in Kerala they will throw stones at him.
Malayalis - wake up and face the realities of life


Com. M V Raghavan-Good Work Done, Keep it going!


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4 Comments:

Anonymous Anonymous said...

This comment has been removed by a blog administrator.

October 22, 2005 7:07 AM  
Anonymous hee heee said...

dude post something else

October 27, 2005 1:54 AM  
Anonymous Anonymous said...

Your observations are very true. Infact there is some awareness dawning now that a majority of these suicides are not really "poverty" suicides as the ploticians want to brand them but rather the ills of "free credit" brought about by the policies of the new generation financial institutions. Since our people, eventhough very literate (remember Kerala is a 100% literate state, with a very large IT literacy too), the poor people do not get the right kind of credit advice. The result is such kinds of suicides.

November 05, 2005 1:39 AM  
Blogger flutteringeyes said...

I don't know about this dude but I agree with what u said....mayalalis are crazy about gold and show off with gold"

Its really stupid that they spend so much money on jewelery.

And hence its my request to my dad that if he wants to give me gold it better be 1 or 2 necklace....and I want my wedding be for like close people...not the whole freaking village...but who listens to me....NOONE...because guess what else kerala/India believes????? Kids aren't supposed to tell their parents...because parents ALWAYS know the best!!!

okay i am done

February 21, 2006 10:55 PM  

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