Thursday, April 28, 2011

Systematic Investment Planning

Systematic Investment Planning

Systematic is the word that describes you. Organised, well-managed and planned in all your activities. Whether it is earning, saving or spending, everything is done in a methodical manner. Well… err… except for investing. But then you are not to blame. You never had enough money. Or, sometimes it was shortage of time. If this is the case, then it's time you had a look at the systematic investment plan (SIP) of mutual funds. A SIP is nothing but a planned investment programme, which takes a small sum of money from you and invests it in a mutual fund at regular intervals. The minimum amount can be as small as Rs 500 and the frequency of investment is usually monthly or quarterly. This simple programme has a number of advantages.

First, if saving is an arduous task for you, then SIP can do this for you. Money deducted from your account (through post-dated cheques) and invested is money you cannot spend. And a rupee saved is a rupee earned. Even if each investment is small, over time this can add up to a neat kitty. And the power of compounding can do wonders. In due course of time, a small amount can grow into a significant amount. More importantly, an SIP does away with the need or effort to time the market. When the market is falling you may feel that it may decline further and that you should wait a while. Often stock markets make a recovery before you notice and the opportunity is lost. When markets are rising it is scary to invest money. Isn't it better that you wait for a correction and then make an investment? But if the correction doesn't come about, then even this opportunity is missed. And if markets are going nowhere, then what is the point in investing at all?

So, trying to find out which is the best time to invest can be a tough task. And that's why it is said that timing the market is futile. If one could take advantage of the ups and downs that markets encounter, it would be great. And this is where SIP fits in. By the process of regular investing one gets to invest in the highs as well as the lows, and this helps in averaging out the volatility in the market.

Some mutual funds suggest that contribution to an SIP programme should be increased in a full-fledged bear market. While this may be emotionally difficult, it can be rewarding when markets recover. But then this appears very much like timing the market and the purpose of an SIP is to avoid this effort.

Thus, an SIP imparts discipline to investing. Whether it is the regular act of saving or investing, an SIP does both automatically. While there are certain benefits of an SIP please remember it is no wonder drug that cures all investment-related ailments.

An SIP does not guarantee returns or positive returns. If you opt for an SIP in a falling market and the market continues to fall, then your investments will suffer a loss on the whole. An SIP does not guarantee a better return than a one-time investment. If you made a one-time investment when the Sensex was at 2,834 points in October 2002, then this would have performed better as compared to carrying out an SIP by spreading the investment over a period of time.

The emphasis on averaging out in an SIP obviously makes it most useful in case of an equity fund, as the volatility is greater here. An SIP can be useful for a debt fund as well...to help build a pool of savings. It can be thought of something akin to a recurring deposit where a part of your savings is automatically deducted from your account.

Overall, an SIP is a simple device that helps you to save and invest in a disciplined manner without having to time the market.

Wednesday, April 27, 2011

7 good reasons to invest in SIPs

7 good reasons to invest in SIPs

Fact No. 1: Over a long term horizon, equity investments have given returns which far exceed those from the debt based instruments. They are probably the only investment option, which can build large wealth. Fact No. 2: In short term, equities exhibit very sharp volatilities, which many of us find difficult to stomach. Fact No. 3: Equities carry lot of risk even to the extent of loosing ones entire corpus. Fact No. 4: Investment in equities require one to be in constant touch with the market. Fact No. 5: Equity investment requires a lot of research. Fact No. 6: Buying good scrips require one to invest fairly large amounts.

Systematic Investing in a Mutual Fund is the answer to preventing the pitfalls of equity investment and still enjoying the high returns. And it makes all the more sense today when the stock markets are booming.

1. It’s an expert’s field – Let’s leave it to them

Management of the fund by the professionals or experts is one of the key advantages of investing through a mutual fund. They regularly carry out extensive research - on the company, the industry and the economy – thus ensuring informed investment. Secondly, they regularly track the market. Thus for many of us who do not have the desired expertise and are too busy with our vocation to devote sufficient time and effort to investing in equity, mutual funds offer an attractive alternative. (Read more - The Investors biggest Dilemma)

2. Putting eggs in different baskets

Another advantage of investing through mutual funds is that even with small amounts we are able to enjoy the benefits of diversification. Huge amounts would be required for an individual to achieve the desired diversification, which would not be possible for many of us. Diversification reduces the overall impact on the returns from a portfolio, on account of a loss in a particular company/sector.

3. It’s all transparent & well regulated

The Mutual Fund industry is well regulated both by SEBI and AMFI. They have, over the years, introduced regulations, which ensure smooth and transparent functioning of the mutual funds industry. This makes it safer and convenient for investors to invest through the mutual funds. (Check out - Foolproof strategies to maximize your profits)

4. Market timing becomes irrelevant

One of the biggest difficulties in equity investing is WHEN to invest, apart from the other big question WHERE to invest. While, investing in a mutual fund solves the issue of ‘where’ to invest, SIP helps us to overcome the problem of ‘when’. SIP is a disciplined investing irrespective of the state of the market. It thus makes the market timing totally irrelevant. And today when the markets are high, it may not be prudent to commit large sums at one go. With the next 2-3 years looking good from Indian Economy point of view, one can expect handsome returns thru’ regular investing.

5. Does not strain our day-to-day finances

Mutual Funds allow us to invest very small amounts (Rs 500 – Rs 1000) in SIP, as against larger one-time investment required, if we were to buy directly from the market. This makes investing easier as it does not strain our monthly finances. It, therefore, becomes an ideal investment option for a small-time investor, who would otherwise not be able to enjoy the benefits of investing in the equity market.

6. Reduces the average cost

In SIP we are investing a fixed amount regularly. Therefore, we end up buying more number of units when the markets are down and NAV is low and less number of units when the markets are up and the NAV is high. This is called rupee-cost averaging. Generally, we would stay away from buying when the markets are down. We generally tend to invest when the markets are rising. SIP works as a good discipline as it forces us to buy even when the markets are low, which actually is the best time to buy.

7. Helps to fulfill our dreams

The investments we make are ultimately for some objectives such as to buy a house, children’s education, marriage etc. And many of them require a huge one-time investment. As it would usually not be possible raise such large amounts at short notice, we need to build the corpus over a longer period of time, through small but regular investments. This is what SIP is all about. Small investments, over a period of time, result in large wealth and help fulfill our dreams & aspirations.

Saturday, April 9, 2011

Bande Main Hain Dum- Vande Matram


Kisan Bapat Baburao Hazare (born 15 January 1940), popularly known as Anna Hazare is an Indian social activist who is especially recognized for his contribution to the development of Ralegan Siddhi, a village in Parner taluka of Ahmednagar district, Maharashtra, India and his efforts for establishing it as a model village, for which he was awarded the Padma Bhushan by the Government of India in 1992.

On 5 April 2011, Hazare started a 'fast unto death' to exert pressure on the Government of India to enact a strong anti-corruption act as envisaged in the Jan Lokpal Bill, a law that will establish a Lokpal (ombudsman) that will have the power to deal with corruption in public offices. The fast led to nation wide protests in support of Hazare. The fast ended on 9 April 2011. All of his demands of the movement are agreed by the Government of India and Government issued a gazette notification on formation of a joint committee headed by senior minister Pranab Mukherjee to draft an effective Lokpal Bill.

Early life

Anna Hazare was born on 15 January 1940 in a small village, Bhingar, near Ahmednagar city in India. Anna's father Baburao Hazare worked as an unskilled labourer in Ayurveda Ashram Pharmacy. Anna's grandfather was in the army and was posted at Bhingar when Anna was born. He died in 1945 but Anna's father continued to stay at Bhingar. In 1952 Anna's father resigned from his job and returned to his own village, Ralegan Siddhi. At that time Anna had completed his education upto 4th standard and had six younger siblings. It was with great difficulty that Anna's father could make two ends meet. Anna's aunt (father's sister) took Anna to Mumbai. She was childless and she offered to look after him and his education.

Anna studied upto the 7th standard in Mumbai. He took up a job after the 7th standard in consideration of the economic situation back home. Anna's father at Ralegan had to work as a daily wage labourer and found it difficult to sustain his family. He was slipping deeper and deeper into debt. He had to sell off one part of his land and mortgage the other. Anna started selling flowers at Dadar in order to make his living. But Anna's working at somebody's shop for Indian Rupee 40 a month was not enough. After gaining some experience, he started his own shop and even brought two of his brothers to Mumbai. Gradually Anna's income went up to Indian Rupee 700 to Indian Rupee 800 per month.

In a couple of years Anna fell into bad company and started wasting his time and money on vices. He also started getting involved in brawls and fights, especially when he found some simple person being harassed by goondas. He became irregular in sending money to his family. The word went around in Ralegan that he had become a bad character himself. In one such fight, Anna bashed up a person rather badly. Fearing arrest, he avoided coming to his regular work and residence for some time. During this period (in April 1960) he appeared in Army recruitment interviews and was selected to join the Indian Army.

In the Indian Army

Anna Hazare started his career as a driver in the Indian Army. He spent his spare time reading the books of Swami Vivekananda, Mahatma Gandhi and Acharya Vinoba Bhave that inspired him to become a social worker and activist.[4] During the Indo-Pakistani War of 1965, he was the only survivor in a border exchange of fire, while driving a truck.During the mid-1970s he was again involved in a road accident while driving.

In Ralegan Siddhi

After voluntary retirement from the army, Hazare came to Ralegan Siddhi village in 1975. Initially, he organized the youth of the village into an organization named the Tarun Mandal (Youth Association). He also helped to form the Pani Puravatha Mandals (Water Supply Associations) to ensure proper distribution of water.

Uprooting alcoholism

As the next step towards social and economic change, Anna Hazare and the youth group decided to take up the issue of Alcoholism. It was very clear that there could be no progress and happiness in the village unless the curse of alcoholism was completely removed from their lives. At a meeting conducted in the temple, the villagers resolved to close down the liquor dens and ban the drinking of alcohol in the village. Since these resolutions were made in the temple, they became in a sense religious commitments. Over thirty liquor brewing units were closed by their owners voluntarily. Those who did not succumb to social pressure were forced to close down their businesses, when the youth group smashed up their liquor dens. The owners could not complain as their business was illegal.[8]

Though the closure of liquor brewing reduced alcoholism in Ralegan Siddhi, some villagers continued to drink. They obtained their liquor from neighboring villages. The villagers decided that those men would be given three warnings, after which they would be physically punished. Twelve men who were found in a drunken state even after initial warnings were tied to a pole with help from the youth group and flogged. Anna Hazare says, “Doesn’t a mother administer bitter medicines to a sick child when she knows that the medicine can cure her child? The child may not like the medicine, but the mother does it only because she cares for the child. The alcoholics were punished so that their families would not be destroyed.”[citation needed]

Anna Hazare appealed to the government of Maharashtra to bring in a law whereby prohibition would come into force in a village if 25% of the women in the village demanded it. In July 2009, the state government issued a government resolution amending the Bombay Prohibition Act, 1949. As per the amendments, if at least 25% of women voters demand liquor prohibition through a written application to the state excise department, voting should be conducted through a secret ballot. If 50% of the voters vote against the sale of liquor prohibition should be imposed in the village and the sale of liquor should be stopped. Similar action can be taken at the ward level in municipal areas. Thereafter, another circular was issued, making it mandatory to get the sanction of gram the sabha for issuing new permits for sale of liquor. In some instances, when women agitated against the sale of liquor, cases were filed against them. Anna took up the issue again and in August 2009 the government issued another circular that sought withdrawal of cases against women who sought prohibition of liquor in their villages.[9]

Along with the removal of alcohol from the village, it was decided to ban the sale of tobacco, cigarettes and beedies. In order to implement this resolution, the youth group performed a unique "Holi" twenty two years ago. The festival of Holi is celebrated as symbolic burning of evil. The youth group brought all the tobacco, cigarettes and beedies from the shops in the village and burnt them in ‘Holi’ fire. From that day, no tobacco, cigarettes, or beedies are sold in any shop at Ralegan Siddhi. Today there is not a single shop in Ralegaon Siddhi selling cigarettes or bidis. [10][11][12]

The Watershed Development programme

Anna Hazare realized that the only way to increase agricultural production in a sustainable manner was to build a better irrigation system. Taking into account the geographical location of Ralegan , located in the foothills, Anna Hazare persuaded villagers to construct a watershed embankment to stop water and allow it to percolate and increase the ground water level. He motivated the residents of the village into shramdan (voluntary labour) to build canals, small-scale check-dams and percolation tanks in the nearby hills for watershed development; efforts that solved the problem of scarcity of water in the village that also made irrigation possible.[4][6] The first embankment that was built using volunteer efforts developed a leak and had to be reconstructed this time with government funding.

Hazare also took steps to stop the second big problem, soil erosion. In order to conserve soil and water by checking the run off, contour trenches and gully plugs were constructed along the hill slopes. Grass, shrubs and about 3 lakh ( 300,000) trees were planted along the hillside and the village. This process was supplemented by afforestation, nullah bunds, underground check dams and cemented bandhras at strategic locations. The Watershed Development programme became a huge success and helped increase the fortunes of many farmers as they now had a reliable source of water. Ralegan has also experimented with drip and bi-valve irrigation in a big way. Papaya, lemon and chillies have been planted on a plot of 80 acres (320,000 m2) entirely irrigated by the drip irrigation system. Cultivation of water-intensive crops like sugar cane was banned. Crops such as pulses, oilseeds and certain cash crops with low water requirements were grown. The farmers started growing high yield varieties of crop and the cropping pattern of the village also changed. He has helped farmers of more than 70 villages in drought-prone regions in the state of Maharashtra since 1975.[13]

The Government of India plans to start a training centre here to understand and implement Hazare's watershed development model in other villages in the country.[14]

Milk production

As a secondary occupation, milk production was promoted in Ralegan Siddhi. Purchase of new cattle and improvement of the existing breed with the help of artificial insemination and timely guidance and assistance by the veterinary doctor has resulted in an improvement in the cattle stock. The milk production has also increased. Crossbred cows are replacing the local ones which give a low milk yield. The number of milk cattle has also been growing, which resulted in growth from one hundred liters (before 1975) to Around 2500 litres per day which is sent to a co-operative dairy (Malganga Dairy) in Ahmednagar. Some milk is also given to Balwadi (kindergarten) children & neighboring village under the child nutrition program sponsored by the Zilla Parishad.[15]

From the surplus generated, the milk society bought a mini-truck and a thresher. Besides transporting milk to Ahmednagar, the mini-truck is also used for taking vegetables and other produce directly to the market, thus eliminating intermediate agents. The thresher is rented out to the farmers during the harvesting season.[citation needed]

Education

In 1932 Ralegan Siddhi got its first formal school, a single class room primary school. In 1962, the villagers added more classrooms through community volunteer efforts. By 1971 out of an estimated population of 1209, only 30.43% were literate (72 women and 290 men). Boys moved to the nearby towns of Shirur and Parner to pursue higher education, but due to socioeconomic conditions, girls could not do the same and were limited to primary education. Anna Hazare along with the youth of Ralegan siddhi worked to increase literacy rates and education levels. In 1976 they started a pre school for the primary school and a high school in 1979. The villagers started taking active interest in the village school and formed the Sant Yadav Baba Shikshan Prasarak Mandal (Charitable trust), which was registered in 1979.[16] The trust decided to take over the function of the village school which was in a bad state due to government neglect and also lack of interest on behalf of teachers who were moonlighting.

The trust obtained a government grant of 4 lakhs (400,000 rupees) for the school building using the National rural education program (NREP). A new school building was built in the next 2 months with volunteer efforts and the money obtained via the grant. A new hostel was also constructed to house 200 students from poorer sections of society. After the opening of the school in the village, a girl from Ralegan Siddhi became the first female in the village to complete her SSC in 1982.[10] Since then the school has been instrumental in bringing in many of changes to the village. This school has a hostel for 150 boarders. Traditional farming practices are tought in this school in addition to the government curriculum.[6]

Removal of untouchability

The social barriers that existed due to the caste system have been broken down by Ralegan Siddhi villagers and people of all castes come together to celebrate social events. The people of Ralegan have largely succeeded in eradicating social discrimination on the basis of caste. The dalits have been integrated into the social and economic life of the village. The villagers have built houses for the Harijans and Dalits, and helped to repay their loans to free them from their indebtedness.[16]

Collective marriages

Most rural poor get into a debt-trap as they have to incur heavy expenses at the time of marriage of their son or daughter. It is an undesirable practice but has almost become a social obligation in India. Ralegan's people have started celebrating marriages collectively. The feast is held together where the expenses are further reduced by the Tarun Mandal taking the responsibility for cooking and serving the food. The vessels, the Loudspeaker system, the mandap and the decorations have also been bought by the Tarun Mandal members belonging to the oppressed castes. From 1976 to 1986, 424 marriages have been held under this system.[16]

Gram Sabha

The Gram sabha is an important forum for collective decision making in the villages in India. If villagers are involved in the planning and decision making process, they are more open to any changes taking place in the village. Anna campaigned between 1998 and 2006 for amending the Gram Sabha Act, so that the people (meaning the the villagers) have a say in the development works in their village. While the state government refused to bend to his demand, it had to give in due to public pressure. As per the amendments, seeking sanction of the gram sabha (collective of villagers, and not just the few elected representatives in the gram panchayat) for expenditure on development works in the village, is mandatory. In case of expenditure without the sanction of the gram sabha, 20% of gram sabha members can lodge a complaint to the chief executive officer of the zilla parishad with their signatures. The chief executive officer is required to visit the village and conduct an inquiry within 30 days and submit the report to the divisional commissioner, who has powers to remove the sarpanch or deputy sarpanch and dismiss the gram sevak involved. Anna was not satisfied, as the amended Act did not include "the right to recall a sarpanch". He insisted that this should be included and the state government relented.[9]

In Ralegan Siddhi, the Gram Sabha meetings are held periodically to discuss issues relating to the welfare of the village. Projects like Watershed development activities are undertaken only after they are discussed in the Gram Sabha. All decisions like Nasbandi, Nasabandi(bans on alcohol), Kurhadbandi (bans on tree felling), Charai bandi(bans on grazing), and Shramdan were taken in the Gram Sabha. Decisions are taken in a simple majority consensus. In case of a difference of opinion the majority consensus becomes acceptable. The decision of the Gram Sabha is accepted as final.

In addition to panchayat, there are several registered societies that take care of various projects and activities of the village. Each society presents its annual report and statement of accounts in the Gram Sabha every year. The Sant Yadavbaba Shikshan Prasarak Mandali monitors the educational activities. The Vivid karyakari society gives assistance and provides guidance to farmers regarding fertilizers, seeds, organic farming, financial assistance, etc. Sri Sant Yadavbaba Doodh Utpadhak Sahakari sansta gives guidance regarding the dairy business. Seven Co-operative irrigation society provides water to the farmers from cooperative wells. Mahila Sarvage Utkarsh Mandal attends the welfare needs of the women.

Anti-corruption protests in Maharashtra

In 1991, Hazare launched the Bhrashtachar Virodhi Jan Aandolan (Peoples' Movement against Corruption), an popular movement to fight against corruption.[17]

In May 1997, Hazare protested against the alleged malpractices in the purchase of powerlooms by the Vasantrao Naik Bhathya Vimukt Jamati Vikas Manch and the Mahatma Phule Magasvargiya Vikas Mandal. These institutions were directly under the charge of then Maharashtra Social Welfare minister Babanrao Gholap of the Shiv Sena, since their managing committees were dissolved after the Shiv Sena-BJP government came to power in the state in 1995. Hazare also raised the issue of alleged massive land purchase by Gholap's wife Shashikala in Nashik between April to September 1996. He forwarded the available documentary evidences in support of his allegations to then Maharashtra Governor P. C. Alexander.[18] On 4 November 1997, Gholap filed a defamation suit against Hazare for accusing him of corruption. He was initially arrested in April 1998 and was released on a personal bond of Rs 5,000.[19] On 9 September 1998, Anna Hazare was imprisoned in the Yerawada Jail after being sentenced to simple imprisonment for three months by the Mumbai Metropolitan Court.[5][20] The sentencing came as a huge shock at that time to all social activists. Leaders of all political parties except the BJP and the Shiv Sena came in support of him [21][22] Later due to public protests, the Government of Maharashtra ordered his release from the jail.[23]

In 2003, the corruption charges were raised by Hazare against 4 ministers of the Congress-NCP government belonging to the NCP.[24] He started his 'fast unto death' on 9 August 2003. He ended his fast on 17 August 2003 after then chief minister Sushil Kumar Shinde formed a one man commission, headed by the retired justice P. B. Sawant to probe his charges.[25] The P. B. Sawant commission report, submitted on 23 February 2005, indicted Suresh Jain, Nawab Malik and Padmasinh Patil. The report exonerated Vijaykumar Gavit.[26][27] Suresh Jain and Nawab Malik resigned from the cabinet in March 2005.[28]

Right to Information movement

In the early 2000s, Anna Hazare led a movement in Maharashtra state, which forced the Government of Maharashtra to repeal the earlier weak act and pass a stronger Maharashtra Right to Information Act. Law professor Alasdair Scott Roberts mentions,

The state of Maharashtra - home to one of the world's largest cities, Mumbai, adopted a Right to Information Act in 2003, prodded by the hunger strike of prominent activist, Anna Hazare. ("All corruption can end only if there is freedom of information," said Hazare, who resumed his strike in February 2004 to push for better enforcement of the Act).[29]

This Act was later considered as the base document for the Right to Information Act 2005 (RTI), enacted by the Union Government. It also ensured that the President of India assented to this new Act.[30]

Lokpal Bill movement

On 5 April 2011, Anna Hazare initiated a movement for passing a stronger anti-corruption Lokpal (ombudsman) bill in the Indian Parliament. As a part of this movement, N. Santosh Hegde, a former justice of the Supreme Court of India and Lokayukta of Karnataka, Prashant Bhushan, a senior lawyer in the Supreme Court along with the members of the India Against Corruption movement drafted an alternate bill, named as the Jan Lokpal Bill (People's Ombudsman Bill) with more stringent provisions and wider power to the Lokpal (Ombudsman).[31] Hazare began a fast unto death from 5 April 2011 at Jantar Mantar in Delhi, to press for the demand to form a joint committee of the representatives of the Government and the civil society to draft a new bill with stronger penal actions and more independence to the Lokpal and Lokayuktas (Ombudsmen in the states), after his demand was rejected by the Prime Minister of India Manmohan Singh [32] Before commencing his 'fast unto death' he stated, "I will fast until Jan Lokpal Bill is passed".[33]

The movement attracted attention very quickly through various media. It has been reported that thousands of people joined to support Hazare's effort. Almost 150 people reportedly joined Hazare in his fast.[34] He said that he would not allow any politician to sit with him in this movement. Politicians like Uma Bharti and Om Prakash Chautala were shooed away by protesters when they came to visit the site where the protest was taking place.[35] A number of social activists including Medha Patkar, Arvind Kejriwal and former IPS officer Kiran Bedi, Jayaprakash Narayan of the Lok Satta have lent their support to Hazare's hunger strike and anti-corruption campaign. This movement has also been joined by many people providing their support in Internet social media such as twitter and facebook. In addition to spiritual leaders Sri Sri Ravi Shankar, Swami Ramdev, Swami Agnivesh and former Indian cricketer Kapil Dev,[36] many celebrities showed their public support through micro-blogging site Twitter.[37] As a result of this movement, on 6 April 2011 Sharad Pawar resigned from the group of ministers formed for reviewing the draft Lokpal bill 2010.[38]

The movement gathered significant support from India's youth visible through the local support and on social networking sites like Facebook and Twitter.[39] There have also been protests in Bangalore, Mumbai, Chennai, Ahmedabad, Guwahati, Shillong, Aizawl among other cities of India.[40]

On 8 April 2011, the Government of India accepted all demands of the movement. On 9 April 2011 it issued a notification in the Gazette of India on formation of a joint committee. It accepted the formula that there be a politician chairman and an activist, non-politician Co-Chairman. According to the notification, Pranab Mukherjee will be the Chairman of the draft committee while Shanti Bhushan will be the co-chairman. “The Joint Drafting Committee shall consist of five nominee ministers of the Government of India and five nominees of the civil society. The five nominee Ministers of the Government of India are Pranab Mukherjee, Union Minister of Finance, P. Chidambaram, Union Minister of Home Affairs, M. Veerappa Moily, Union Minister of Law and Justice, Kapil Sibal, Union Minister of Human Resource and Development and Minister of Communication and Information Technology and Salman Khursheed, Union Minister of Water Resources and Minister of Minority Affairs. The five nominees of the civil society are Anna Hazare, N. Santosh Hegde, Shanti Bhushan Senior Advocate, Prashant Bhushan, Advocate and Arvind Kejriwal.[41][42]

On the morning of 9 April 2011 Anna Hazare ended his 97-hour hunger strike by first offering water to some of his supporters who had gone on a hunger strike in his support. The social activist then broke his fast by consuming some water. He addressed the people and set a deadline of 15 August 2011 to pass the Lokpal Bill in the Indian Parliament.

Real fight begins now. We have a lot of struggle ahead of us in drafting the new legislation, We have shown the world in just five days that we are united for the cause of the nation. The youth power in this movement is a sign of hope.[43]

Anna Hazare also said that if the bill was not passed, then he will call a mass nation-wide agitation.[44][43] He called his movement as "second struggle for independence" and he will continue the fight.[45]

Awards and honours

Awards - received by Anna Hazare

* 2008 - On 15 April 2008, Anna Hazare received the World Bank's 2008 Jit Gill Memorial Award for Outstanding Public Service: "Hazare created a thriving model village in Ralegan Siddhi, in the impoverished Ahmednagar region of Maharashtra state, and championed the right to information and the fight against corruption."[46]

* 1992 - Padmabhushan award, by the Government of India

* 1990 - Padmashri award, by the Government of India

* 1989 - Krishi Bhushana award by the Government of Maharashtra.

* 1986 - Indira Priyadarshini Vrikshamitra award by the Government of India on 19 November 1986 from the hands of Prime Minister of India Rajiv Gandhi.

Felicitations: He was felicitated by the Ahmednagar Municipal Corporation on 15 January 1987 and by the Pune Municipal Corporation also.