Waqf assets can be harnessed for Muslims' welfare, says PM

[email protected] (The Hindu)
January 30, 2014
PM
New Delhi, Jan 30: Prime Minister Manmohan Singh formally launched the National Waqf Development Corporation Limited (NAWADCO), a new public sector enterprise, in the Capital on Tuesday morning. The enterprise, established on December 31 last, has an authorised share capital of Rs.500 crore to mobilise resources for developing Waqf properties in agreement with Shariah laws. Resources thus generated will be invested in activities for the welfare of Muslim.
In his inaugural address, Dr. Singh referred to the Sachar Committee Report on the Social, Economic and Educational Status of the Muslim Community. He said the report estimated that Waqf properties, if properly developed, could fetch an annual income of Rs.1,200 crore..
India has the largest number of Waqf properties in the world with more than 4.9 lakh registered The current annual income from the assets, according to the Ministry of Minority Affairs, is close to Rs.163 crore.
United Progressive Alliance chairperson Sonia Gandhi, who was present at the inauguration, stressed the need for ensuring local incidents did not disturb communal harmony.
.She addressed the charge of the Congress appeasing minorities by stating that it was the government's responsibility to ensure access to equal opportunities.

Full text of PM speech:

“Today we take another step forward in our efforts to promote the interests of minorities in our country. I am delighted to be part of this function to mark the commencement of the activities of the National Waqf Development Corporation (NAWADCO). This, as all of you know, is an institution which our Government has established for the development of waqf properties for the benefit of the Muslim community.

It is only befitting that today also happens to be the 8th anniversary of the establishment of the separate Ministry of Minority Affairs. We had taken this important step within 2 years of the 1st UPA Government, signaling early on that we were determined to do everything possible to look after the special need of minorities for the development. The National Waqf Development Corporation also exemplifies this commitment of our Government.

I would like to take this opportunity to compliment my friend and colleague Rahman Khan sahib and his team in the Ministry of Minority Affairs for the excellent work that they have been doing. NAWADCO is just one of the several far reaching initiatives that the Ministry of Minority Affairs has taken ever since its inception in the year 2006.

This Corporation has been established with an authorized share capital of Rs. 500 Crore. It will facilitate and mobilize financial resources for setting up of facilities like schools, colleges, hospitals on waqf properties for community purposes in a transparent manner.

I have been told that there are more than 4.9 lakh registered waqf properties in India today which fetch an annual income of about Rs. 163 crore. Many of these properties have the potential of generating considerable returns, which in turn could be used for the socio-economic development of the Muslim community. As per the estimates of the Sachar Committee, if these properties are properly developed, they could fetch an annual income of about Rs. 12000 crore, assuming an annual return of 10 percent on the value of the property. It is this vast potential that NAWADCO will strive to realize.

Our Government has also recently amended the Waqf Act. The amendments are expected to bring transparency in administration of waqf properties and provide an enabling environment for the development and utilization of waqf lands to the benefit of the Muslim community.

The amended Act has particularly strengthened the role of Central Waqf Council (CWC), which was established to advise the Government on matters pertaining to the working of State Waqf Boards and proper administration of waqf properties. The Council is now empowered to issue directives to State Waqf Boards on their performance, particularly on their financial performance, survey of waqf properties, maintenance of waqf deeds, and prevention of encroachment of waqf properties.

Keeping in view the need to prevent their alienation, 'Sale', 'Gift', 'Mortgage' and 'Exchange' of waqf properties have been made void ab initio. The process of leasing of waqf properties has been made transparent.

NAWADCO adds to these efforts and I am sure that the Corporation will make full use of the enabling environment for the development of waqf properties that we have provided by amending the Waqf Act.

The UPA Government has been unwavering in its commitment for the protection and promotion of the interests of minorities. As I had stated in a conference of State Minorities Commission a few days back, we have implemented most of the recommendations of the Sachar Committee. The 15 point program and the Multi-sectoral Development Program are large initiatives focused on removing the development deficit which some minorities suffer from. Another important intervention has been the scholarship schemes for children from the minority communities.

Let me end by wishing NAWADCO and the Ministry of Minority Affairs all success in their noble initiatives. I am sure that their work will contribute very substantially to the socio economic development of the minority communities in all parts of our country.

Thank you. Jai Hind.” 

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News Network
December 17,2025

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Melkar, Dec 17: The 17th Annual Day and Graduation Ceremony of Melkar Women’s PU and Degree College, themed “Fusion-2K25,” was celebrated with dignity and enthusiasm, marking a significant milestone in the institution’s academic journey. The programme reflected the college’s steadfast commitment to academic excellence, character building, and the holistic development of students.

The event was inaugurated by Mr. Asif Mohammed, whose presence greatly enriched the occasion. The celebration was further graced by the chief guests Mr. P. B. Ahmed Mudassir and Mr. Nissar Fakeer Mohammed, along with the distinguished guests of honour Mr. B. A. Nazeer and Mr. Ibrahim Gadiyar. In their inspiring addresses, the guests encouraged the graduating students and appreciated the dedicated efforts of the management, faculty, and students.

The annual report was presented by the Principal, Mr. Abdul Majeed S, highlighting the institution’s academic progress, notable achievements, and extracurricular accomplishments during the academic year.

The presidential address was delivered by the esteemed Chairman of Melkar Women’s PU and Degree College, Dr. Haji S. M. Rasheed, who emphasized the vital role of education in empowering women and shaping responsible citizens. He also stressed the importance of discipline, dedication, and perseverance in achieving success.

Cultural programmes and academic recognitions formed an integral part of the celebration, showcasing the talents and achievements of the students. The graduation ceremony was a proud moment for the outgoing students as they were formally conferred degrees and wished success in their future endeavours.

Ms. Mashmooma Fathima served as the Master of Ceremonies. The welcome address was delivered by Ms. Fathima Nida, and the programme concluded with a vote of thanks proposed by Ms. Ayisha Suhana.

The event successfully achieved its objectives and was highly appreciated by the guests and attendees.

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News Network
December 7,2025

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Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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