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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

Red flag to green steel

Ex-Maoists forge new destiny in Gadchiroli Gadchiroli: The rugged, forested terrain of Gadchiroli district, long synonymous with the violence and deep-rooted anti-establishment tenets of the ‘Red Ideology’, is now witnessing a remarkable social and industrial transformation. At the Lloyds Metals and Energy Ltd. (LMEL) plant in Konsari, once-feared Maoist operatives are shedding their past lives and embracing a new, respectable existence as skilled workers in a cutting-edge Direct Reduced Iron...

Red flag to green steel

Ex-Maoists forge new destiny in Gadchiroli Gadchiroli: The rugged, forested terrain of Gadchiroli district, long synonymous with the violence and deep-rooted anti-establishment tenets of the ‘Red Ideology’, is now witnessing a remarkable social and industrial transformation. At the Lloyds Metals and Energy Ltd. (LMEL) plant in Konsari, once-feared Maoist operatives are shedding their past lives and embracing a new, respectable existence as skilled workers in a cutting-edge Direct Reduced Iron (DRI) and pellet plant. This ‘green steel’ project, part of LMEL’s push for an integrated steel complex in the region, is functioning not just as an industrial unit but as a crucial pillar in the Maharashtra government’s surrender-cum-rehabilitation policy. So far, LMEL, in coordination with the state government and the Gadchiroli Police, has provided employment and training to 68 surrendered Maoists and 14 members of families affected by Naxal violence, a total of 82 individuals, offering them a definitive pathway back to the mainstream. The Shift The transformation begins at the company’s dedicated Lloyds Skill Development and Training Centre at Konsari. Recognizing that many former cadres had limited formal education, the company implements a structured, skill-based rehabilitation model. They are trained in essential technical and operational skills required for plant administration, civil construction, and mechanical operations. For individuals like Govinda Atala, a former deputy commander, the change is palpable. “After surrendering, I got the right to live a new life,” Atala said. “I am very happy to get this job. I am now living my life on my own; there is no pressure on me now.” Suresh Hichame, who spent over a decade in the movement before surrendering in 2009 too echoed the sentiments. He realized the path of violence offered neither him nor his family any benefit. Moreover, his self-respecct was hurt. He knew several languages and carried out several crucial tasks for the banned organization remaining constantly under the shadow of death. Today, he works in the plant, receiving a steady monthly salary that enables him to care for his family—a basic dignity the ‘Red Ideology’ could never provide. The monthly salaries of the rehabilitated workers, typically ranging from Rs 13,000 to Rs 20,000, are revolutionary in a region long characterized by poverty and lack of opportunities. Trust, Stability The employment of former Maoists is a brave and calculated risk for LMEL, an industry that historically faced stiff opposition and even violence from the left wing extremist groups. LMEL’s management, however, sees it as an investment in inclusive growth and long-term stability for the district. The LMEL has emphasized the company’s commitment to training and facilitating career growth for the local populace, including the surrendered cadres. This commitment to local workforce upskilling is proving to be a highly effective counter-insurgency strategy, chipping away at the foundation of the Maoist movement: the exploitation of local grievances and lack of economic options. The reintegration effort extends beyond the factory floor. By providing stable incomes and a sense of purpose, LMEL helps the former rebels navigate the social transition. They are now homeowners, taxpayers, and active members of the community, replacing the identity of an outlaw with that of a respected employee. This social acceptance, coupled with economic independence, is the true measure of rehabilitation. The successful employment of cadres, some of whom were once high-ranking commanders, also sends a powerful message to those still active in the jungle: the path to a peaceful and prosperous life is open and tangible. It transforms the promise of government rehabilitation into a concrete reality. The plant, with its production of iron ore and steel, is physically transforming the region into an emerging industrial hub, and in doing so, it is symbolically forging the nation’s progress out of the ashes of extremism. The coordinated effort between private industry, the state government, and the Gadchiroli police is establishing a new environment of trust, stability, and economic progress, marking Gadchiroli’s transition from a Maoist hotbed to a model of inclusive and sustainable development.

Gudhi Padwa: Five Smart Wealth Tips

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As we celebrate Gudhi Padwa—the beginning of a new year and a fresh start—I wish you and your loved ones joy, prosperity, and financial strength. To help you make the most of this auspicious time, here are five essential financial tips to set the tone for a secure and successful financial year.


Gudhi Padwa is the perfect time to revisit your financial plan. Make sure your asset allocation aligns with your goals and risk appetite. For short-term goals (within three years), prefer bank RDs/FDs or debt mutual funds. For long-term goals, use only hybrid/equity mutual funds, direct equities, and gold. Getting this mix right will ensure that your money works efficiently for your future.


1. Do Sufficient SIPs

Systematic Investment Plans (SIPs) are a disciplined way to build long-term wealth. Aim to invest at least 25–30 per cent of your in-hand monthly income through SIPs in mutual funds, stocks, and gold to stay on track towards your financial goals. This disciplined approach ensures steady and sustained wealth creation. Regular contributions can grow significantly over time with the power of compounding.


2. Make Lumpsum Investments

Whenever possible, top up your investments with lumpsum contributions in long-term assets. These can accelerate your financial goals and help take advantage of market opportunities. Periodic surplus amounts can be smartly deployed to complement your SIPs and strengthen your portfolio. Don’t ignore the power of making lumpsum investments.


3. Increase Your SIPs Annually

As your income increases, so should your monthly SIPs. Let your investments grow in proportion to your income—aim to allocate 30 per cent or more of your monthly earnings for the future. Increasing SIPs is necessary so that they match your standard of living, as expenses would increase simultaneously.


4. Stay Invested

Avoid using your investments like a savings account. Unnecessary withdrawals can break the compounding effect. Let your investments grow uninterrupted. Redeem only when you reach your financial goal. Staying invested with patience and discipline is often the biggest differentiator between average and exceptional returns.


5. Consult a Financial Advisor

A skilled, full-time financial advisor can guide you with a structured plan, keep you accountable, and help you avoid emotional decisions. Gudhi Padwa is a great time to take this professional step towards achieving your financial goals and financial freedom. A well-qualified financial advisor has the necessary education, wisdom, experience, and expertise to help you build a sound plan and avoid costly mistakes. Don’t go the do-it-yourself (DIY) route when it comes to wealth creation and financial planning.


Wishing you a financially rewarding and prosperous Gudhi Padwa!


(The author is a Chartered Accountant and CFA (USA). Financial Advisor.

Views personal. He could be reached on 9833133605. )

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