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The Centre's decision to do away with Rs 500 and Rs 1000 currency notes from midnight Tuesday to fight against black money was welcomed by the Janata Dal United JD (U) on Wednesday. It hoped that this step would curtail the counterfeit currency economy in the country. JD (U) leader Pawan Varma told ANI, however, that the blueprint has to be studied and an assessment has to be made on both the substantive measures taken and its implementation and what inconvenience it may cause on the citizen.
"However, certain issues comes to my mind on a tentative basis, the first is that the cause of the black money in our country is the nexus between politics and unaccounted money.
Now, so long as you don't initiate electoral reforms to short-circuit that nexus, somehow the black marketers in our country are ingenious than laws. And politics and politicians are complicit in this.....I am yet not clear as to how the new currency that has been introduced will not be also counterfeited," he said. Source: Nepal1
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The Centre's decision to do away with Rs 500 and Rs 1000 currency notes from midnight Tuesday to fight against black money was welcomed by the Janata Dal United JD (U) on Wednesday. It hoped that this step would curtail the counterfeit currency economy in the country. JD (U) leader Pawan Varma told ANI, however, that the blueprint has to be studied and an assessment has to be made on both the substantive measures taken and its implementation and what inconvenience it may cause on the citizen.
"However, certain issues comes to my mind on a tentative basis, the first is that the cause of the black money in our country is the nexus between politics and unaccounted money.
Now, so long as you don't initiate electoral reforms to short-circuit that nexus, somehow the black marketers in our country are ingenious than laws. And politics and politicians are complicit in this.....I am yet not clear as to how the new currency that has been introduced will not be also counterfeited," he said. Source: 1 Nepal
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AHMEDABAD: You may never have heard about brothers of Chief Minister Narendra Modi. Yes, Modi has brothers - three of them. Narendra is 57 or 58, depending on which personal record of his one is referring to.
He is the second, just after Soma (68), who retired as an officer in the health department a couple of years before Modi first became chief minister in 2001. He now runs an old-age home in Ahmedabad.
The third one is Prahlad (55) who runs a fair price shop in Ahmedabad and is seen as a leader of fair price shop owners as he frequently takes up their problems with the government. Just a year ago, he had led an agitation against the government over bad quality of goods supplied by the government and also pilferage along the way.
Prahlad is the only other 'leader' in this pack. After Prahlad, comes the youngest of Modi Bros, Pankaj (50), who works as a clerk in the information department headquarters in Gandhinagar. It is surprising that most people did not even know he was the brother of such an important politician till the elder one became CM.
Mother Heeraba (95) stays with Soma in Someshwar tenement in Ranip and has lost her hearing. The story goes that at the swearing-in ceremony of Modi as CM, she was standing alone in a corner watching her son on the stage when someone identified her as the CM's mother and offered her a seat.
Like the mother, none of the brothers like to talk about Narendra. The other three brothers are close and regularly visit each other's place, but they are at a distance from brother No 2.
The house in Someshwar is also the chief minister's residential address in official records. He has not been here for many years. (courtesy Times Of India) Source: 1 Nepal
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Police captured six individuals from a hard-line Hindu gathering on Saturday for assaulting and trimming the hair of three couples on Valentine's Day close to the Taj Mahal – India's white-marble landmark to love.
In the interim, individuals from another gathering vandalized a shop offering Valentine's cards and attacked an eatery searching for sentimental couples in the Indian divide of Kashmir.
Open presentations of affection are disapproved of by the more seasoned era in India. Kissing, clasping hands and snuggling are all social taboos, however the inundation of Western culture has made it a more regular practice among more youthful couples.
The dissenters utilized scissors to trim the hair of plainly sentimental youthful couples in a recreation center in the northern Indian city of Agra, said director of police V.P. Ashok.
India's monetary surge as of late has carried with it the trappings of Western culture, including McDonald's, MTV and Valentine's Day. Shops stock cards and chocolates, merchants offer red roses and eateries offer sentimental specials.
In Srinagar, the principle city in Indian-controlled Kashmir, about six burqa-clad individuals from the radical Islamic ladies' gathering Dukhtaran-e-Millat tore up Valentine's Day cards in a blessing shop, shop proprietor Shaukat Ahmed said.
The dissenters additionally entered an eatery searching for couples praising their adoration yet didn't discover any.
The association has attempted to authorize a strict Islamic clothing standard in the Himalayan locale.
Ahmed said the dissenters portrayed the cards as "un-Islamic."
"They cleared out after I let them know that I won't offer these cards later on," he told AP.
In the southern condition of Karnataka, police protectively confined 140 individuals from the conservative Hindu gathering Sri Smash Sene on Friday, The Indian Express daily paper reported.
The confinements came weeks after some gathering individuals assaulted youthful couples in a bar in the city of Mangalore in the state.
Powers likewise wiped out classes at Lucknow College on Saturday to avert assaults. Lucknow is the capital of Uttar Pradesh state.
Madhu Chandra, an outstanding New Delhi-based human rights lobbyist, emphatically shielded the common freedoms of couples.
"It's the privilege of each Indian subject to express our adoration in the way satisfactory, or in the Indian route, or in the English path, or in the Islamic way," he said.
Source: Blog Nepali
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Hassan Nisar (Urdu: حسن نثار ) is a Pakistani journalist, columnist and an analyst.[1] He is known for his talk show Choraha (Urdu for Crossroads) in ARY, Pakistan.
Nisar started his career as a journalist from Dhanak Magazine in 1972. Later he became the Editor of Dhanak. He composed poetry, movie songs and edited a magazine Monthly Zanjeer in 1980, he appeared on TV talk shows, including Meray Mutabiq and Choraha on Geo News. His presentations are in Urdu. His commentaries in print and electronic media focus on contemporary Pakistan and the political history of Islam.
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China is one of the world's largest economies and an important trading partner for the EU. China is also an increasingly important political power.
China's accession to the WTO in December 2001 was a major step. It required China to take bold reforms and liberalise important parts of its economy. Both China and the wider WTO membership have benefited greatly from China's integration into the global economic order.
Yet while China has made good progress in implementing its WTO commitments, there are still outstanding problems.
EU Ambassador Pangratis' statement of 1 July 2014 at China's WTO TPRM peer review
The EU's concerns include: lack of transparency
industrial policies and non-tariff measures in China which may discriminate against foreign companies
a strong degree of government intervention in the economy, resulting in a dominant position of state-owned enterprises, and unequal access to subsidies and cheap financing
inadequate protection and enforcement of intellectual property rights in China
However, while there are many challenges, China's market and rapid development also continues to offer huge opportunities, with significant potential for further expanding trade and investment and strengthening of the relations.
The launch of the negotiations on a bilateral investment agreement is an important forward-looking initiative that aims to promote bilateral investment by providing transparency, legal certainty, and market access to investors from both sides.
Moreover, the EU-China 2020 Strategic Agenda for Cooperation places this agreement at the heart of our bilateral relation with China stating that "Negotiating and concluding such a comprehensive EU-China Investment Agreement will convey both sides' joint commitment towards stronger cooperation as well as their willingness to envisage broader ambitions including, once the conditions are right, towards a deep and comprehensive FTA, as a longer term perspective".
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1. U.S. & European market overview: U.S. stock futures are edging up as European markets all post strong gains in early trading.
Investors seem to be taking a breather after days of selling. And some are feeling a bit more optimistic after new data from France showed consumer prices held steady in May after months of deflation.
The British pound is also rising versus all major global currencies as traders hope that U.K. voters will choose to maintain the status quo at a referendum next week and remain in the European Union. Fears about a British exit from the EU have been slamming markets for weeks.
The yield on Germany's 10-year government bonds have also crossed back into positive territory after falling below 0% on Tuesday for the first time ever.
Related: How much will U.S. stocks drop if there's a Brexit?
2. Ready, get set, Fed: The Federal Reserve is set to announce its latest decision on interest rates at 2 p.m. ET, but virtually no one expects it to raise rates. The odds of a rate hike right now are around 2%, according to investor expectations.
The Fed has been trying to raise rates this year but has been held back by unease about the U.S. economic recovery and global stability.
Fed chief Janet Yellen will hold a press conference 30 minutes after the announcement that could offer clues on a potential move in July.
Related: Fear & Greed Index
3. Boeing + Iran: Iran says it has reached a deal to buy passenger aircraft from U.S. plane maker Boeing (BA).
The announcement came Tuesday from Abbas Akhoundi, the Iranian minister of roads and urban development. He said details on the agreement would be announced in the next few days, according to reports by Iranian news agencies.
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If it goes through, the deal would be the first major contract between a U.S. company and Iran since nuclear-related sanctions on the country were lifted earlier this year.
4. Oil glut check-up: Traders will get an update on the state of U.S. oil inventories at 10:30 a.m.
U.S. oil stockpiles have receded a bit in recent weeks, thanks in part to supply outages in Canada and other parts of the globe.
Oil prices are currently slipping by about 1% to trade around $48 per barrel.
5. Disappointment in China: Chinese stocks aren't ready for the big time, according to index provider MSCI.
MSCI said Wednesday it would not add shares traded in Shanghai and Shenzhen to its widely-tracked global benchmarks because of continued concerns over access to China's markets.
The decision to keep China on the sidelines means the country has yet again failed to win a vote of confidence as an attractive destination for global capital.
If China were added, it could expect an influx of billions of investment dollars into the domestic stock market.
But Chinese markets shrugged off the decision Wednesday. The benchmark Shanghai Composite rose 1.6%, while Shenzhen stocks gained 3.1%. Both markets had suffered steep losses earlier in the week.
