CII may stand for:

• George M. Low Center for Industrial Innovation, a research center at Rensselaer Polytechnic Institute
• The Confederation of Indian Industry
• The Construction Industry Institute
• Drug Schedule for the Controlled Substances Act.
• Chaîne d'Information Internationale, former name of TV station France 24
• Computer-implemented inventions, see software patent
• The Chartered Insurance Institute
• Colour Index International
• Council of Islamic Ideology, Pakistan Government
• 102 (number) in Roman numerals.
• Children's Institute International, a child-abuse organisation in Los Angeles
• Centro Intelligence Interforze, the military intelligence agency of Italy

This disambiguation page lists articles associated with the same title. If an internal link led you here, you may wish to change the link to point directly to the intended article.

This article has multiple issues. Please help improve it or discuss these issues on the talk page. It needs additional citations for verification. Tagged since September 2010. It needs attention from an expert on the subject. Tagged since September 2010. It may contain original research. Tagged since January 2010.

Personal Finance
Credit and debit
Pawnbroker Student loan
Employment contract
Salary Wage Employee stock option Employee benefit Direct deposit
Retirement
Pension Defined benefit Defined contribution Social security Business plan Corporate action
Personal budget
Financial planner Financial adviser Financial independence Estate planning
See also
Banks and credit unions Cooperatives
v t e

A financial adviser is a professional who helps clients to maintain the desired balance of investment income, capital gains, and acceptable level of risk by using proper asset allocation. Financial advisers use stock, bonds, mutual funds, real estate investment trusts (REITs), options, futures, notes, and insurance products to meet the needs of their clients. Many financial advisers receive a commission payment for the various financial products that they broker, although "fee-based" planning is becoming increasingly popular in the financial services industry.

A further distinction should be made between "fee-based" and "fee-only" advisers. Fee-based advisers often charge asset based fees but may also collect commissions. Fee-only advisers do not collect commissions or referral fees paid by other product or service providers.^[1]

Some investment advisers only charge a fee based on the assets managed for the client. Typically they charge about 1.0 to 1.5% per year to make the investment decisions for the client. They do not collect commissions.

Role[link]

The main purpose of a financial adviser is to assist clients in the planning and arrangement of their financial affairs, such as savings, retirement provisions, tax treatment and wills. To ensure ethical practices, financial advisers must understand a client's financial situation as well as their need for financial stability. Finance can be complicated and any adviser has responsibilities ethically to see that a client's risk is minimized, and monetarily, that money is maximized within the established risk boundaries.

Retirement planning[link]

One of the major services that financial advisers offer is retirement planning. A financial adviser should have knowledge of budgeting, forecasting, taxation, asset allocation, and financial tools and products to establish realistic goals and the strategy by which to reach them. In the United States, this will include the use of several investment tools such as 401(k)/403(b) Roth account(s), Individual Retirement Accounts/Roth IRAs, mutual funds, stocks, bonds and CDs.

The financial adviser determines what percentage of the available income is necessary—taking into account tax liabilities, expected inflation, and projected return on investment—to meet a minimum balance by the client's target age of retirement. This is a fairly straightforward calculation, and many automated tools do this. The financial adviser's greatest contribution is asset allocation: determining how to maximize the return on investment while satisfying the client's risk tolerance.

Investing[link]

Financial advisers may help their clients invest for both long and short term goals. It is the financial adviser's duty to determine the clients' goals and risk tolerance and then to recommend appropriate investments. Generally, a long time horizon allows for the adviser to recommend more volatile investments with potentially greater risks and rewards. Such investments include direct investment in stocks or through collective investment products such as mutual funds and unit investment trusts/unit trusts.

If the client has shorter term goals, the adviser should recommend less volatile investments with shorter time spans. Such investments could include cash deposits, certificates of deposit, and short term bonds. While these types of investment generally have lower returns there is less volatility and there is less likelihood of losing principal capital. Although short-term investments can guard against loss of capital, their value can be eroded by inflation over longer periods of time.

"adviser" vs. "advisor"[link]

There is no difference between a financial "adviser" and a financial "advisor". The terms are interchangeable, and are considered synonymous.^[2]

Compensation[link]

Fee-only[link]

As defined by the review materials for the Certified Financial Planner exam and the National Association of Personal Financial Advisors, fee-only financial advisers, such as an investment adviser, are compensated solely by the client, typically achieved through a combination of hourly fees (including retainers), financial planning fees, and asset management fees. Neither advisers nor affiliates may receive commissions, rebates, awards, finder’s fees, bonuses or other forms of compensation from others as a result of a client’s implementation of the individual’s planning recommendations.^[3] The fee-only model of compensation reduces the potential for conflicts of interest between the adviser and the client in that the adviser is not beholden to insurance companies, particular investments, and other financial companies.

A clear distinction should be made between brokers, who often refer to themselves as "fee-based" (receiving both fees and commissions) and "fee-only" (someone who never receives compensation or incentives from a third party.)

A fee-only adviser may reduce conflicts of interest such as:

• advising a client to buy products and make investments when holding cash and other liquid assets may have been a more suitable recommendation at that time.
• an incentive to generate commissions through the unnecessary buying and/or selling of securities (also known as churning).
• an incentive to convert non-cash assets such as real estate and collectibles to cash and securities so that the adviser can generate a commission.
• an incentive to make recommendations that pay higher sales commissions to the adviser when a less expensive alternative may have been available.

Commission-based[link]

Many financial advisers receive a commission payment for the various financial products that they broker, although "fee-based" planning is becoming increasingly popular in the financial services industry. For an explanation of commissions and fees charged by mutual funds.

Online-only[link]

A new class of services that deliver guidance regarding financial planning are emerging, offering low cost financial advice through the sponsorship of HR department of employers. Companies like HelloWallet are offering low cost financial advice through the employer. These services are also delivered to the poor through donation of HelloWallet as well as philanthropic organizations.^[4]

History[link]

Much of today's model for what a financial adviser is, stemmed from IDS Financial Services, which later became known as American Express Financial Corporation (AEFC) after the company was sold by Alleghany Corporation, and later became Ameriprise. At IDS, a young rep named James Tausz was a top-ranked broker and served as the basis of inspiration for the company's model of "Financial Planning for a Fee," which IDS VP Vint Lewis popularized by training thousands of IDS stock brokers. Today, the concept of a "financial adviser" is widely popular. Before the IDS model, almost all stock brokers worked on commissions only.^[5]

Qualifications[link]

United States[link]

There are three types of licenses for individual professionals who typically hold themselves out as financial advisers: Investment Adviser Representative Series 65, Registered Representative Series 7 (also known as a "Stock Broker"), Insurance Producer. The practice of investment advice, the sale of investment securities and the sale of insurance products are regulated and therefore an individual must pass an exam, affiliate with a firm and register with one or more states before conducting business. A financial adviser may hold any combination of these licenses depending on the nature of their financial practice. Similar to the term financial adviser, the terms wealth manager, financial consultant and financial planner do not refer to a specific license or designation. These terms are typically selected by individuals to help describe the nature of their financial practice.

The Chartered Financial Analyst (CFA) designation, the Certified Financial Planner (CFP) designation, the Chartered Life Underwriter (CLU), The Chartered Financial Consultant (ChFC), Chartered Retirement Planning Counselor (CRPC), Registered Financial Consultant (RFC) and the Masters of Science in Financial Services (MSFS) are all advanced specializations that require elaborate course work to obtain. These professional designations are issued by organizations such as the Chartered Financial Analyst Institute,^[6] the Certified Financial Planner Board of Standards,^[7] and the College for Financial Planning.^[8]

In the United States, a firm registers as an investment adviser with the Security and Exchange Commission (SEC) or a state, depending on the amount of assets that receive continuous and regular supervisory or management services (Assets Under Management, or "AUM"). For a firm to register with the SEC, it must have over $25 million of AUM at the time of registration or within 120 days of the effective date of the registration. If a firm has less than $25 million of AUM and doesn’t anticipate having $25 million or more within 120 days of the effective date of the registration, then it must register with the individual state(s) as an investment adviser. If a firm has $30 million or more of AUM, then it must register with the SEC. Firms with more than $25 million and less than $30 million of AUM can be registered with either the state or SEC. The SEC’s definition of AUM is outlined in the Form ADV Part 1 and should be thoroughly reviewed and consulted prior to beginning the registration process.

Certain multi-state advisors may also register with the SEC, as well as certain Internet based advisers. If an adviser does not qualify for registration with the SEC, the adviser must register with the states where it maintains an office, as well as each state where its clients are located. There are de minimus exemptions in most states, typically exempting from registration those advisers with less than 6 clients, but the exemption varies from state to state.^[9]

Common examples of investment advisers include pension fund managers, mutual fund managers, trust fund managers and also individuals, partnerships, or corporations that have registered under the Act, and those who fall within certain exemptions. Stock brokers (known as "registered representatives" under U.S. federal law and licensed in the various states) are not necessarily (and normally are not) Registered Investment Advisers.

In general, under U.S. law, investment advisers owe their clients an ongoing fiduciary duty to provide full and complete disclosure of all fees, conflicts of interest, and if so authorized, to exercise discretion in selecting investments with only their clients' best interests in mind.^[10]

In many cases, a Registered Investment Adviser (RIA) is a corporation or partnership while the person actually providing the advice is an investment adviser representative (IAR) of the adviser organization. Investment adviser representatives and individuals registered as investment advisers are sometimes certified as a Certified Financial Planner (CFP) practitioner by the Certified Financial Planner Board of Standards, Inc. [5] or a Chartered Financial Analyst(CFA) holding a charter from the CFA Institute [6] after they have passed the appropriate examinations, have agreed to abide by a code of ethics, and have maintained the required continuing education credits. The CFP and CFA credentials are not, however, required for registration as a Registered Investment Adviser.

The registration process to become an investment adviser is becoming increasingly complex, with examination requirements, books and record retention and increased state regulation of smaller investment advisers.^[9][11]

Regulation[link]

In the United States, the Financial Industry Regulatory Authority (FINRA) regulates and oversees the activities of more than 5,050 brokerage firms, approximately 172,050 branch offices and more than 663,050 registered securities representatives. A financial adviser or stock broker should be licensed to provide any consultation on investment in securities. Typical licenses needed to promote the sale of stocks are the: Series 7 (General Securities exam), Series 63 (State Securities exam), and Series 65 or 66 Uniform Investment Adviser Law Exam. Generally, any adviser who charges a fee for investment advice would need to also have the Series 65 or 66 license. Thus, anyone can call themselves a financial planner (although care must be taken not to be confused with a Certified Financial Planner), but they would still need FINRA licenses to provide advice for a fee or be registered as an investment adviser with the Securities and Exchange Commission in the USA. Anyone in the business of providing financial advice can call themselves a financial adviser. There currently isn't any regulation on the use of this title. To charge a fee for advice, one must pass the FINRA Series 65 test—The Uniform Investment Adviser Law Examination. To be a "Registered Investment Adviser" (RIA) or "Investment Adviser Representative" (IAR), one must pass the FINRA Series 65 exam or both of the FINRA Series 7 and Series 66 exams. Many brokerage firms still claim an exemption for their employees who sell fee based products and services.^{[citation needed]}

Canada[link]

The financial adviser role in Canada is varied. Most financial advisers carry licenses to sell life insurance, securities, or mutual fund - or some combination of all three. The life insurance license is obtained through successful completion of the life license qualification program, except in Quebec, where licensing is completed through l'autorite des marchiers financiers. There are three distinct securities licenses available. Completion of the Canadian Securities Course allows the sale of most types of securities, including stocks, bonds, and mutual funds. More advanced licensing is required for the sale of derivatives and commodities. Completion of a mutual funds course allows the adviser to sell mutual funds only, excluding certain types of very specialized funds and importantly, ETFs - although recently non-securities licensed financial advisers have gained access to ETFs through new mutual fund products. The third possible license is the exempt securities license.

In many, but not all cases, licensing requires the support of a dealer or insurer. It is also mandatory for advisers to carry Errors and Omissions Insurance. The term financial adviser can refer to the entire spectrum of advisers. In general, the industry in Canada is segmented into three channels of advisers: MGA, MFDA and IIROC. However, there is little regulatory control exercised over use of the term, and, as such, many insurance brokers, insurance agents, securities brokers, financial planners and others identify themselves as financial advisers.

Many financial advisers in Canada are also financial planners. While there are numerous financial planning designations, the most common is the Certified Financial Planner designation although the Personal Financial Planner designation is also popular in Canada. There is no regulation, outside of Quebec, of the term "Financial Planner".^[12]

United Kingdom[link]

There are three main bodies awarding qualifications for financial advisers in the UK. The main one is the Chartered Insurance Institute, which offers professional financial services qualifications all the way from beginner to degree levels. The IFS School of Finance offers alternative courses/qualifications in certain specialist areas such as mortgages and equity release. The Institute of Financial Planning offers the Certified Financial Planner.

In the United Kingdom investment advice is given either by a financial adviser or a stock broker.

Financial advisers need to pass a series of exams and receive a Certificate in Financial Planning (previously the Financial Planning Certificate) or the Certificate for Financial Advisers, and also authorised by the Financial Services Authority, a UK government qango that must be satisfied the adviser is a “fit and proper person” before they may practice.

This is to be replaced in December 2012 with a new standard of qualification classed as Diploma and all existing advisers will have to attain the new qualifications to be able to continue to give advice going forward. Typically a diploma or higher qualified adviser will have Dip FA or Dip PFS after their name.

Financial advisers are either tied, multi-tied, independent, or fee-only.

As the classifications suggest, tied advisers can only recommend 'financial products' marketed by the company they represent. Typically that company employs them but in some cases they work for that organisation under a type of self-employed contract that usually precludes other paid work.

Multi-tied agents perform a similar role, except they represent a number of different companies. This is sometimes referred to as the panel system. Tied and multi-tied advisers are nearly always rewarded via commission, though in some cases (and if the adviser is employed rather than self employed) commission may be expressed in notional terms to justify a salary.

An Independent Financial Adviser must offer advice on all 'financial products' on the market (which carry commission) and, in addition, must offer clients the choice of paying a fee for advice about a product or products, rather than being remunerated commission from the financial institution that is promoting the product.

A Fee-only financial adviser designs bespoke solutions, and often by investing directly removes marketing commissions and charges from the costs that clients would otherwise pay. Fee-only advisery firms tend to accept a professional duty of care.

In the UK there has been much debate in the media about the effectiveness of financial advisers, especially in situations where there is perceived bias toward 'financial products' that carry commission.

Best advice is a concept which was never more than a heading in the FSA / PIA / NASDIM regulations (and is now withdrawn in favour of the 'appropriate' standard) and which refers to the general obligation under Contract Law (Agency) that a broker has to find the correct 'financial product' to match a client 'need'. A provider firm must not make a recommendation unless it has a suitable product to offer. If it offers no suitable products then none should be recommended. A multi-tied firm must not make any recommendations unless it has access to a suitable product from the providers on their panel. In the UK many believe impartial advice can be obtained only by consulting an independent financial adviser. Others believe it can only be obtained by consulting an adviser that never accepts commission.

Republic of Ireland[link]

The QFA ("qualified financial adviser") designation is awarded to those who pass the Professional Diploma in Financial Advice and agree to comply with the ongoing "continuous professional development" (CPD) requirements. It is the recognised benchmark designation for financial advisers working in retail financial services. The qualification, and attaching CPD programme, meets the "minimum competency requirements" (MCR) specified by the Financial Regulator, for advising on and selling five categories of retail financial products:

• Savings, investments and pensions,
• Housing loans and associated insurances,
• Consumer credit and associated insurances,
• Shares, bonds and other investment instruments, and,
• Life assurance protection policies.

New Zealand[link]

This article's use of external links may not follow Wikipedia's policies or guidelines. Please improve this article by removing excessive or inappropriate external links, and converting useful links where appropriate into footnote references. (September 2010)

The National Certificate in Financial Services [Financial Advice] [Level 5] is currently being introduced in New Zealand. All Individuates and registered legal entities providing financial services must be registered as a RFSP( Registered Financial Service Provider ) Their Directors, retail and sales staff are required to gain the national certificate.^[13]

The New Zealand Qualifications Authority (NZQA) in conjunction with industry groups via the ETITO administers a qualifications frame work for the qualification. Registrations and examinations are conducted by the ETITO.^[14] All Financial Advisers are required to register with the ETITO by March 31, 2011

The Qualifications Framework consists of a core set of competencies sets, A B C followed by 2 electives covering specialist areas such as Insurance and Residential Property Lending. Certain NZQA approved qualifications such as an Accountancy degree may exempt student from competency set A NZQA approved training in the certificate is offered by the New Zealand Open Polytechnic^[15] as well as several other accredited organizations^[16]

South Korea[link]

In South Korea, the Korea Financial Investment Association oversees the licensing of investment advisers. There are a number of different professional certifications in this area, including Certified Securities Investment Advisor and Certified Derivatives Investment Advisor.^[17]

See also[link]

• Collective investment schemes
• Socially responsible investing

References[link]

1. ^ Apple Tree Wealth Management Your Financial Advisor Charges What???
2. ^ [1]
3. ^ NAPFA - The National Association of Personal Financial Advisors - FAQs
4. ^ http://www.businessweek.com/investor/content/sep2009/pi20090929_616550.htm
5. ^ [2] The Ameriprise Financial History
6. ^ http://www.cfainstitute.org/
7. ^ http://www.cfp.net/
8. ^ http://www.cffp.edu/index.aspx
9. ^ ^{a b} [3]
10. ^ Axinite Financial Advisors Fiduciary Duties of Financial Advisors
11. ^ [4]
12. ^ http://www.advisor.ca/news/industry-news/planning-advocates-push-professionalism-446
13. ^ http://www.business.govt.nz/fsp/
14. ^ http://afacompetence.org.nz/1-who-is-etito/
15. ^ http://www.openpolytechnic.ac.nz/
16. ^ http://afacompetence.org.nz/1-training-providers/
17. ^ Korea Securities Market 2010, Research and International Affairs Department, Korea Financial Investment Association, 2010, p. 332, http://www.kofia.or.kr/kofia/FILE_TEMP/store/470B483E-0C19-0F34-0A2A67597BFFC9A7/CMK%202010%20Final.pdf, retrieved 2011-09-11 

External links[link]

• 10 Questions to Ask When Choosing a Financial Planner
• [7] Becoming an investment Adviser
• AAFM American Academy of Financial Management
• IAIA International Association of Investment Advisers
• AIFA Association of Independent Financial Advisers - UK Trade body
• FSA website Financial Services Authority (UK)
• IAA Investment Adviser Association
• NAIFA National Association of Insurance & Financial Advisors
• SEC IA Search SEC Database of US Registered Investment Advisers
• SECLaw.com Financial Advisor Legal Information Center
• €FPA €uropean Financial Planning Association

Jayaprakash Narayan (11 October 1902 – 8 October 1979), widely known as JP Narayan, Jayaprakash, or Loknayak, was an Indian independence activist and political leader, remembered especially for leading the opposition to Indira Gandhi in the 1970s and for giving a call for peaceful Total Revolution. His biography, Jayaprakash, was written by his nationalist friend and an eminent writer of Hindi literature, Ramavriksha Benipuri. In 1998, he was posthumously awarded the Bharat Ratna, India's highest civilian award, in recognition of his social work. Other awards include the Magsaysay award for Public Service in 1965. The airport of Patna is also named after him.

Early life[link]

Jayprakash Narayan was born on 11 October 1902 in the village of Sitabdiara, Bihar, India. He came from a middle-class family.^[1]

Politics[link]

Sandip Das, a biographer, says that

"... in 1920, he joined the non-cooperation struggle and gave up his studies. He joined the Bihar Vidyapeeth established by the Congress to pursue his education. The determination to continue the boycott of British educational institutions led him to study in the United States."^[1]

Returning from the US in late 1929 as a supporter of Marxist theories,^[2] Narayan joined the Indian National Congress on the invitation of Jawaharlal Nehru in 1929; Mahatma Gandhi became his mentor in the Congress. He shared the same house at Kadam Kuan in Patna with his close friend and nationalist Ganga Sharan Sinha (Shrivastava).^[3] with whom he shared the most cordial and lasting friendship.^[3]

During the Indian independence movement he was arrested, jailed, and tortured several times by the British.^{[citation needed]} He won particular fame during the Quit India movement.^{[citation needed]}

After being jailed in 1932 for civil disobedience against British rule, Narayan was imprisoned in Nasik Jail, where he met Ram Manohar Lohia, Minoo Masani, Achyut Patwardhan, Ashok Mehta, Yusuf Desai and other national leaders. After his release, the Congress Socialist Party, or (CSP), a left-wing group within the Congress, was formed with Acharya Narendra Deva as President and Narayan as General secretary.^{[citation needed]}

When Mahatma Gandhi launched the Quit India Movement in August, 1942, Yogendra Shukla scaled the wall of Hazaribagh Central Jail alongwith Jayaprakash Narayan, Suraj Narayan Singh, Gulab Chand Gupta, Ramnandan Mishra and Shaligram Singh with a view to starting underground movement for freedom.^[4] As Jayaprakash Narayan was ill then, Yogendra Shukla walked a distance to Gaya with Jayaprakash Narayan on his shoulders.^[5]

During the Quit India Movement of 1942, when senior Congress leaders were arrested in the early stages, JP, Lohia and Basawon Singh (Sinha) were at the forefront of the agitations.^{[citation needed]} Leaders such as Jayaprakash Narayan and Aruna Asaf Ali were described as "the political children of Gandhi but recent students of Karl Marx."^{[citation needed]}

Initially a supporter of the use of physical force, Narayan was won over to Gandhi's position on nonviolence and advocated the use of satyagrahas to achieve the ideals of democratic socialism. Furthermore, he became deeply disillusioned with the practical experience of socialism in Nehru's India.^{[citation needed]}

After independence and the death of Mahatma Gandhi, Narayan, Acharya Narendra Dev and Basawon Singh led the CSP out of Congress to become the opposition Socialist Party, which later took the name Praja Socialist Party. Basawon Singh (Sinha) became the first leader of the opposition in the state and assembly of Bihar and Acharya Narendra Deva became the first leader of opposition in the state and assembly of Uttar Pradesh.^{[citation needed]} His party is the first national party who distributed tickets on caste line.^{[citation needed]} This was the point where Jayaprakash Narayan disagreed with the party principles and pursued Sarvodey and Lokniti.^{[citation needed]}

Sarvodaya[link]

This unreferenced section requires citations to ensure verifiability.

Narayan with Israeli Prime Minister David Ben-Gurion in Tel Aviv, 1958

On April 19, 1954, Narayan announced in Gaya that he was dedicating his life (Jeevandan) to Vinoba Bhave's Sarvodaya movement and its Bhoodan campaign, which promoted distributing land to Harijans (untouchables). He gave up his land, set up an ashram in Hazaribagh, and worked towards uplifting the village.

In 1957, Narayan formally broke with the Praja Socialist Party in order to pursue lokniti [Polity of the people], as opposed to rajniti [Polity of the state]. By this time, Narayan had become convinced that lokniti should be non-partisan in order to build a consensus-based, classless, participatory democracy which he termed Sarvodaya. Narayan became an important figure in the India-wide network of Gandhian Sarvodaya workers.

In 1964, Narayan was vilified across the political spectrum for arguing in an article in the Hindustan Times that India had a responsibility to keep its promise to allow self-determination to the state of Jammu and Kashmir. He hit back at critics in a second article, dismissing the Indian version of the "domino theory" which held that the rest of India's states would disintegrate if Kashmir were allowed its promised freedom. In his graceful if old-fashioned style, Narayan ridiculed the premise that "the states of India are held together by force and not by the sentiment of a common nationality. It is an assumption that makes a mockery of the Indian Nation and a tyrant of the Indian State".

Bihar Movement and Total Revolution[link]

This unreferenced section requires citations to ensure verifiability.

Narayan returned to prominence in State politics in the late 1960s. In 1974, he led the student's movement in the state of Bihar which gradually developed into a popular people's movement known as the Bihar movement. It was during this movement that JP gave a call for peaceful Total Revolution Together with V. M. Tarkunde, he founded the Citizens for Democracy in 1974 and the People's Union for Civil Liberties in 1976, both NGOs, to uphold and defend civil liberties.

Emergency[link]

When Indira Gandhi was found guilty of violating electoral laws by the Allahabad High Court, Narayan called for Indira to resign, and advocated a program of social transformation which he termed Sampoorna kraanti [Total Revolution]. Instead she proclaimed a national Emergency on the midnight of June 25, 1975, immediately after Narayan had called for the PM's resignation and had asked the military and the police to disregard unconstitutional and immoral orders; JP, opposition leaders, and dissenting members of her own party (the 'Young Turks') were arrested on that day.

Jayaprakash Narayan attracted a gathering of 100,000 people at the Ramlila Grounds and thunderously recited Rashtrakavi Ramdhari Singh 'Dinkar''s wonderfully evocative poetry: Singhasan Khaali Karo Ke Janata Aaati Hai.^[6]

Narayan was kept as detenu at Chandigarh even after he had asked for a month's parole for mobilising relief in areas of Bihar gravely affected by flood. His health suddenly deteriorated on October 24, and he was released on November 12; diagnosis at Jaslok Hospital, Bombay, revealed kidney failure; he would be on dialysis for the rest of his life.

The "Free JP" campaign was launched in the UK by Surur Hoda and chaired by Nobel Peace Prize winner Noel- Baker for the release of Jayaprakash Narayan.^[7]

After Indira revoked the emergency on January 18, 1977 and announced elections, it was under JP's guidance that the Janata Party (a vehicle for the broad spectrum of the anti-Indira Gandhi opposition) was formed.^{[citation needed]} The Janata Party was voted into power, and became the first non-Congress party to form a government at the Centre.^{[citation needed]} On the call of Narayan many youngsters joined the JP movement.^{[citation needed]}

Death[link]

This unreferenced section requires citations to ensure verifiability.

Narayan died in Patna, Bihar,^[8] on 8 October 1979, 3 days before his 77th birthday. due to effects of diabetes and heart ailments; but a few months before that, in March 1979, his death was erroneously announced by the Indian prime minister to the parliament as he lay fighting for his life in Jaslok Hospital, causing a brief wave of national mourning, including the suspension of parliament and regular radio broadcasting, and closure of schools and shops. When he was told about the gaffe a few weeks later, he smiled.

The then Prime Minister of India Charan Singh declared seven days of mourning to mark the death, calling him, "the conscience of the nation".^{[clarification needed]}

Awards[link]

• Bharat Ratna, 1999 ^[9]

^[10]

• Rashtrabhushan Award of FIE Foundation, Ichalkaranji^[11]

Bibliography[link]

• Why Socialism, 1936
• War Circulars, 1-4 CSP, Lucknow
• Inside Lahore Fort, Sahityalaya Patna 1947
• Nation Building in India — JP Narayan
• Three Basic Problems of India. From Socialism to Sarvodaya, Sarva Seva Sangh Prakashan, Varansi 1957
• A Plea for Reconstruction of Indian Polity, Sarva Seva Sangh Prakashan, Varansi 1959
• Swaraj for the People, Sarva Seva Sangh Prakashan, Varansi 1961
• Sarvodaya Answer to Chinese Aggression, Sarvodaya Prachuralaya Tanjore 1963
• Face to Face, Navchetna Prakashan, Varansi 1970
• Prison Diary, Samajwadi Yuvjan Sabha Calcutta 1976 and Popular Prakashan, Bombay 1977.

Edited works:

• Towards Struggle, edited by Yusuf Meherally, Padma Publications, Bombay 1946
• Socialism,Sarvodaya and Democracy, edited by Bimal Prasad, Asia Publishing House Bombay 1964
• Communitarian Society and Panchayti Raj, edited by Brahmanand Navchetna Prakashan Varansi 1970
• Nation-Building in India, edited by Brahmanand Navchetna Prakashan Varansi 1974
• Towards Revolution, edited by Bhargava and Phadnis, Arnold-Heinemann New Delhi 1975
• J.P’s Jail Life (A Collection of Personal Letters) translated by G S Bhargava, Arnold-Heinemann New Delhi 1977
• Towards Total Revolution, edited by Brahmanand Popular Prakashan Bombay 1978
• J P:Profile of a non-conformist, Interviews by Bhola Chatterji, Minerva Associates, Calcutta, 1979
• To All Fighters of Freedom II, A Revolutionary’s Quest-selected writings of Jayprakash Narayan, edited by Bimal Prasad Oxford University Press New Delhi 1980
• Concept of Total Revolution: An Introductory Essay(JP and social change) by Bimal Prasad

References[link]

Further reading[link]

• Red Fugitive: Jayaprakash Narayan by H L Singh Dewans Publications Lahore 1946
• Life and Time of Jayaprakash Narayan by J S Bright Dewans Publications Lahore 1946
• Jayaprakash Narayan: A Political Biography by Ajit Bhattacharyajea Vikas Publications New Delhi 1975
• J.P: His Biography, Allan and Wendy Scarfe, Orient Longmans New Delhi 1975
• Jayaprakash: Rebel Extraordinary, by Lakshmi Narayan Lal, Indian Book Company New Delhi 1975
• Loknayak Jayaprakash Narayan, by Suresh Ram Macmillan Co. Delhi 1974
• Loknayak Jayaprakash Narayan by Farooq Argali Janata Pocket Books Delhi 1977.
• Bimal Prasad (editor). 1980. A Revolutionary's Quest: Selected Writings of Jayaprakash Narayan. Oxford University Press, Delhi ISBN 0-19-561204-3
• Jai Prakash Narain, Jayaprakash Narayan, Essential Writings, 1929-1979: A Centenary Volume, 1902–2002, Konark Publishers (2002) ISBN 81-220-0634-5
• Dr. Kawaljeet, J.P.'s Total Revolution and Humanism (Patna: Buddhiwadi Foundation, 2002). ISBN 81-86935-02-9
• Dr. Ramendra (editor), Jayaprakash Vichar Sankalan [Hindi] (Patna: Rajendra Prakashan, 1986).
• Satyabrata Rai Chowdhuri, Leftism in India: 1917-1947 (London and New Delhi: Palgrave Macmillan, 2008).

External links[link]

• A plea for the reconstruction of Indian polity
• Total revolution
• On Hindu revivalism
• Magsaysay award acceptance speech; Citation
• JP's visit to an RSS camp, as told by Sita Ram Goel in "Perversion of India's Political Parlance"
• JP information from Gandhi museum

v t e Indian independence movement History Colonisation East India Company British India French India Portuguese India Plassey Buxar Anglo-Mysore Wars Anglo-Maratha Wars First Second Third Polygar War Vellore Mutiny First Anglo-Sikh War Second Anglo-Sikh War Rebellion of 1857 British Raj more Philosophies and ideologies Indian nationalism Swaraj Hindu nationalism Gandhism Satyagraha Muslim nationalism in South Asia Swadeshi Socialism Khilafat Movement Events and movements Partition of Bengal Revolutionaries Delhi-Lahore Conspiracy The Indian Sociologist The Sedetious conspiracy Champaran and Kheda Rowlatt Committee Rowlatt Bills Jallianwala Bagh Massacre Non-Cooperation Kakori conspiracy Qissa Khwani Bazaar massacre Flag Satyagraha Bardoli 1928 Protests Nehru Report Fourteen Points of Jinnah Purna Swaraj Salt Satyagraha Round table conferences Act of 1935 Legion Freies Indien Cripps' mission Quit India Indian National Army Bombay Mutiny Coup d'État de Yanaon Provisional Government of India Organisations Indian National Congress All-India Muslim League Anushilan Samiti Jugantar Arya Samaj Rashtriya Swayamsevak Sangh India House Berlin Committee Ghadar Home Rule Khaksar Tehrik Khudai Khidmatgar Hindustan Republican Association Swaraj Party Indian Independence League All India Kisan Sabha Azad Hind more Social reformers Bal Gangadhar Tilak Muhammad Ali Jinnah Muhammad Iqbal Mohandas Karamchand Gandhi Acharya Kripalani Rahul Sankrityayan Mahatma Jyotirao Phule Gopal Ganesh Agarkar Shahu Maharaj Dr. Babasaheb Ambedkar Dhondo Keshav Karve Vitthal Ramji Shinde Mahadev Govind Ranade Swami Dayananda Saraswati Vinayak Damodar Savarkar Swami Vivekananda Swami Sahajanand Saraswati Vinoba Bhave Baba Amte Ram Mohan Roy Gopal Hari Deshmukh Indian independence activists Puli Thevar Yashwantrao Holkar Rahul Sankrityayan Swami Sahajanand Saraswati Tipu Sultan Veerapandiya Kattabomman Sangolli Rayanna Baba Ram Singh Mangal Pandey Rae Ahmed Nawaz Khan Kharal Bakht Khan Veer Kunwar Singh Rani of Jhansi Bahadur Shah Zafar Swami Dayanand Saraswati Bal Gangadhar Tilak Gopal Krishna Gokhale Dadabhai Naoroji Bhikaiji Cama Shyamji Krishna Varma Annie Besant Shyama Prasad Mukherjee Har Dayal Subramanya Bharathi Lala Lajpat Rai Bipin Chandra Pal Rash Behari Bose Chittaranjan Das Bidhan Chandra Roy Khan Abdul Ghaffar Khan Maulana Azad Ashfaqullah Khan Ram Prasad Bismil Chandrasekhar Azad Rajaji K. M. Munshi Bhagat Singh Hemu Kalani Sarojini Naidu Achyut Patwardhan Purushottam Das Tandon Alluri Sitaramaraju Muhammad Ali Jinnah Sardar Patel Acharya Kripalani Subhash Chandra Bose Vinayak Damodar Savarkar Jawaharlal Nehru Mohandas Karamchand Gandhi Allama Mashriqi Kotwal Dhan Singh Gurjar V. K. Krishna Menon more British leaders Clive Outram Dalhousie Irwin Linlithgow Wavell Cripps Mountbatten more Independence Simla Conference Cabinet Mission Indian Independence Act Partition of India Political integration Constitution Republic of India

v t e Bharat Ratna laureates Sarvepalli Radhakrishnan (1954) C. Rajagopalachari (1954) C. V. Raman (1954) Bhagwan Das (1955) Mokshagundam Visvesvarayya (1955) Jawaharlal Nehru (1955) Govind Ballabh Pant (1957) Dhondo Keshav Karve (1958) Bidhan Chandra Roy (1961) Purushottam Das Tandon (1961) Dr. Rajendra Prasad (1962) Dr. Zakir Hussain (1963) Pandurang Vaman Kane (1963) Lal Bahadur Shastri (1966) Indira Gandhi (1971) V. V. Giri (1975) K. Kamaraj (1976) Mother Teresa (1980) Acharya Vinoba Bhave (1983) Khan Abdul Ghaffar Khan (1987) M. G. Ramachandran (1988) B. R. Ambedkar (1990) Nelson Mandela (1990) Rajiv Gandhi (1991) Sardar Vallabhbhai Patel (1991) Morarji Desai (1991) Abul Kalam Azad (1992) J. R. D. Tata (1992) Satyajit Ray (1992) A. P. J. Abdul Kalam (1997) Gulzarilal Nanda (1997) Aruna Asaf Ali (1997) M. S. Subbulakshmi (1998) Chidambaram Subramaniam (1998) Jayaprakash Narayan (1998) Ravi Shankar (1999) Amartya Sen (1999) Gopinath Bordoloi (1999) Lata Mangeshkar (2001) Bismillah Khan (2001) Bhimsen Joshi (2008)

Sunil Bharti Mittal
Sunil Bharti Mittal at the World Economic Forum in Davos, 2007
Born	(1957-10-23) 23 October 1957 (age 54) Ludhiana, Punjab, India
Residence	South Delhi, India
Nationality	Indian
Alma mater	Punjab University[1]
Occupation	Chairman and Group CEO of Bharti Enterprises
Net worth	$8.3 billion (2011)[2]
Religion	Hinduism
Spouse	Nyna[1]
Children	3[1]
Website
www.airtel.com
Notes [3]

Sunil Bharti Mittal (born 23 October 1957) is an Indian telecom mogul, philanthropist and the founder, chairman and Group CEO of Bharti Enterprises. The US$8.3 billion turnover company runs India's largest GSM-based mobile phone service and world's fifth largest wireless company with over 190 million customers across 19 countries in Asia and Africa. He is the son of SatPal (former MP) and Lalita.^[1]

In 2007, he was awarded the Padma Bhushan, India's third highest civilian honor.^[4]

Early life[link]

Sunil Mittal was born in Ludhiana, Punjab, India. His father, Sat Pal Mittal, had been the Member of Parliament (M.P) from Ludhiana. He first joined the Wynberg Allen School in Mussoorie,^[5] but later attended Scindia School at Gwalior and he graduated in 1976 from Punjab University, Chandigarh, with a Bachelor of Arts and Science for which he studied in Arya College for Boys, a local college in Ludhiana.^[6] His father died of cardiac arrest in 1992.^[1]

Entrepreneurial ventures[link]

A first generation entrepreneur, Mittal started his first business in April 1976^[7] at the age of 18, with a capital investment of 20,000 (US$399) borrowed from his father. His first business was to make crankshafts for local bicycle manufacturers.^[8]

In 1980, he along with his brothers Rakesh, Rajan started an Import Enterprise named Bharti Overseas Trading Corporation.^[5] He sold his bicycle parts and yarn factories and moved to Mumbai.^[8]

In 1981, he purchased importing licences from exporting companies in Punjab.^[7] He then imported thousands of Suzuki Motors's portable electric-power generators from Japan. The importing of generators was suddenly banned by the then Indian Government and just two licences to manufacture generators in India were issued to two companies.^{[citation needed]}

In 1984, he started assembling push-button phones in India,^[7] which he earlier used to import from a Taiwan company, Kingtel, replacing the old fashioned, bulky rotary phones that were in use in the country then. Bharti Telecom Limited (BTL) was incorporated and entered into a technical tie up with Siemens AG of Germany for manufacture of electronic push button phones. By the early 1990s, Mittal was making fax machines, cordless phones and other telecom gear. Mittal says, "In 1983, the government imposed a ban on the import of gensets. I was out of business overnight. Everything I was doing came to a screeching halt. I was in trouble. The question then was: what should I do next? Then, opportunity came calling. While in Taiwan, I noticed the popularity of the push-button phone -- something which India hadn't seen then. We were still using those rotary dials with no speed dials or redials. I sensed my chance and embraced the telecom business. I started marketing telephones, answering/fax machines under the brand name Beetel and the company picked up really fast.".^[1] He named his first push-button phones as 'Mitbro'.^[5]

In 1992, he successfully bid for one of the four mobile phone network licences auctioned in India.^[1] One of the conditions for the Delhi cellular license was that the bidder have some experience as a telecom operator. So, Mittal clinched a deal with the French telecom group Vivendi.^{[citation needed]}

He was one of the first Indian entrepreneurs to identify the mobile telecom business as a major growth area. His plans were finally approved by the Government in 1994^[7] and he launched services in Delhi in 1995, when Bharti Cellular Limited (BCL) was formed to offer cellular services under the brand name AirTel. Within a few years Bharti became the first telecom company to cross the 2-million mobile subscriber mark. Bharti also brought down the STD/ISD cellular rates in India under brand name 'Indiaone'.^[7] IndiaOne was India’s first private national as well as the international long-distance service provider, and, thus, became a major factor in Bharti's success by providing services cheaply.^{[citation needed]}

In November 2006, he struck a joint venture deal with Wal-Mart, the US retail giant, to start a number of retail stores across India.^{[citation needed]}

In July 2006, he attracted many key executives from Reliance ADAG, NIS Sparta and created Bharti Comtel.^{[citation needed]}

In May 2008, it emerged that Sunil Bharti Mittal was exploring the possibility of buying the MTN Group, a South Africa-based telecommunications company with coverage in 21 countries in Africa and the Middle East. The Financial Times reported that Bharti was considering offering US$45 billion for a 100% stake in MTN, which would be the largest overseas acquisition ever by an Indian firm. However, both sides emphasize the tentative nature of the talks, while The Economist magazine noted, "If anything, Bharti would be marrying up," as MTN has more subscribers, higher revenues and broader geographic coverage.^[9] However, the talks fell apart as MTN group tried to reverse the negotiations by making Bharti almost a subsidiary of the new company.^[3]

In May 2009, Bharti Airtel again confirmed that it was in talks with MTN and the companies agreed to discuss the potential transaction exclusively by 31 July 2009. Bharti Airtel said in a statement "Bharti Airtel Ltd. is pleased to announce that it has renewed its effort for a significant partnership with MTN Group".^{[citation needed]}

Talks eventually ended without agreement, some sources stating that this was due to opposition from the South African government.^[10]

Personal life[link]

Mittal resides in Delhi. He is married and has three children.^{[citation needed]}

Awards and Recognition[link]

• Transforming India Leader, NDTV Business Leader Awards 2008.
• GSMA Chairman's Award 2008.
• Padma Bhushan in 2007, from the President of India.
• Asia Businessman of the Year, Fortune Magazine 2006.
• Telecom Person of the Year, Voice & Data, 2006.
• CEO of the year 2005, at the Frost and Sullivan Asia Pacific ICT awards 2006.
• Best Asian Telecom CEO, Telecom Asia Awards 2005.
• Best CEO, India, Institutional Investor, 2005.
• Business Leader Of The Year, Economic Times, 2005.
• Philanthropist of the Year Award 2010 at The Asian Awards^[11]
• INSEAD Business Leader Award 2011^[12]

Philanthropy[link]

Mittal has also been working towards educating India through the Bharti Foundation. The foundation has established over 200 schools on its 2009 list of the world's top 25 philanthropists.^[13]

References[link]

External links[link]

Wikimedia Commons has media related to: Sunil Mittal

• Profile at Bharti Enterprises
• Profile at Forbes
• Sunil Mittal collected news and commentary at The Times of India
• Sunil Mittal Profile and Photographs

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T. M. Krishna
Background information
Also known as	TMK
Born	(1976-01-22) January 22, 1976 (age 36) Chennai, India
Genres	Indian classical music
Occupations	Carnatic Vocalist
Years active	1988–present
Website	http://www.tmkrishna.com

T.M. Krishna (Thodur Madabusi Krishna, born 1976) is a Carnatic music vocalist. Hailing from a family of music connoisseurs, he was exposed to the south Indian classical music at an early age. His first concert was at the Spirit of Youth series organized by the Music Academy, Chennai (India). Since then, he has travelled widely in India and abroad and won applause from his listeners. He has received numerous awards and titles from many leading organizations, notable amongst which are the Young Achievers Award by India Today and the Bismillah Khan Yuva Puraskar Award by the Central Sangeet Natak Akademi. He has released many music albums from leading audio companies like Magna sound, HMV, Inreco, Amudham (USA) and Charsur.

T.M. Krishna was born in Chennai on January 22, 1976. His father was a businessman in the automobile industry and his mother has been running a music school, Kalapeetam, in Chennai.

Krishna's mother used to learn from his guru (teacher) B. Seetharama Sharma when he was four years old. Sharma noticed Krishna's interest in music, and started teaching him at the age of six.

His schooling in KFI, an institution managed by the J. Krishnamurthy trust, influenced his perceptions and outlook towards life, something which the musician has himself revealed numerous times. He went on to receive his B.A. degree in economics from Vivekananda College, Madras. He married Sangeetha Sivakumar, a Carnatic musician herself, on November 7, 1997, and has two daughters, Arya and Anantha. Together, they live in Mylapore, one of the hubs of Carnatic music in Madras.

Early life[link]

Krishna's mother was a carnatic music graduate and his father T.M.Rangachari was a great lover of carnatic classical music, while his grandparents too had immense interest in it.^[1] His grand uncle T.T. Krishnamachari (former Indian finance minister and renowned industrialist) was one of the founders of the Madras Music Academy.^[2]

After tutelage under B. Seetharama Sharma, Krishna underwent special Ragam Thanam Pallavi grooming under Chengalpet Ranganathan. He also received advanced training from the late Semmangudi Srinivasa Iyer for more than seven years.

Music career[link]

Krishna assisted his guru Sri Seetharama Sharma in many of his composing projects, including musical operas like The Ramayana (presented in The Reunion Islands in 1993), orchestra presentations and choir presentations. Krishna also toured Singapore in 2001 to compose and conduct the orchestra of the Singapore Fine Arts Society supported by a grant from the National Arts Council of Singapore.

Krishna is known for his resonant voice and strict adherence to classicism. He is widely considered to be the most prominent young male carnatic vocalist with a great depth in knowledge ^[3][4] His concerts are usually marked by an electrifying performance and a deeply moved audience^[5]

Krishna has featured in the Carnatic Concert Movie, Margazhi Raagam along with Bombay Jayashri in 2008

Other activities[link]

He has given numerous lecture demonstrations on various facets of Carnatic music and its history at important institutions. He is presently working on audio archiving the Sangeetha Sampradaya Pradarshini, a musical treatise of very great importance and significance in relation to the compositions of Muthuswami Dikshitar.

In 1998, Krishna, along with musicians Vijay Siva and Dr Sunder, authored the first ever Carnatic music appreciation album titled "Learning to Appreciate Carnatic Music". In 2001, along with musician Bombay Jayashree and Sanjay Subrahmanyan, Krishna authored a book on Prof Sambamoorthy, an Indian musicologist of international repute, to commemorate his birth centenary.

In 2007, he co-authored and published a book with Bombay Jayashri titled "Voices Within", the first coffee-table book of its kind, on the legends of Carnatic music. Krishna contributes articles to various publications and websites regarding art, culture, and socio-political issues as well as to his own website.

Krishna is a co-founder of Jnanarnava Trust, an organisation devoted to the research, documentation and archival of the ancient traditions in Carnatic music. (www.jnanarnava.org). He initiated Kalachara Marumalarchi, an organization dedicated to the revival of cultural activities in the interior towns and villages of Tamil Nadu, India and to rejuvenate the function of the temples as cultural hubs. He is also the cofounder of Sumanasa Foundation, an organization to promote Carnatic music and musicians in and around rural areas by sponsoring upcoming musicians.

References[link]

• Iyengar,B.R.C., "Dulcet Tones", Kalasagaram, 2004
• Kumar, S. Vinaya, "Seasoned Musician", The Hindu
• Nisshanka, "TM Krishna: Bravado and Loudness", Chennai Online
• Matrka Website
• Jnanarnava Website
• Other news reviews and articles