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Current Currency giving shock after Demonetisation

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By Armaan Amrohvi

20 days after the Tuhghlaki Farman (Dictatorial Order) there is a big surprise that the new 500 note has two variants. Reserve Bank of India (RBI) says that due to rush in the printing this error has been carried! Just introspect that the currency is face value of the nation and under BJP governance same are being wrongly printed, is it not an insult to the nation!

Pradhan Mantri Jan Dhan Yojna (PMJDY) was launched on 28 August 2014, advocating that the new accounts can be zero balance. Some amount was deposited in these accounts with the gimmick of providing free insurance to the account holder at the minimal premium. These accounts suddenly swelled with the cash deposit worth of Rs.66,636 crores (Rs.666360 million) after the announcement of demonetisation. There is no mechanism to cross-check these accounts under the PMJDY scheme! In the month of May, the RBI has communicated to the government that PMJDY will be used by miscreants to convert their illegal wealth, which has now come to be true.

In these 20 days, there have been more than 100 directions from PMO, RBI and Finance Ministry which has been giving shocks to the people; which is indicative that there is no direction behind this sudden decision of Modi. No one is estimating the loss which the nation is incurring on daily basis when people are mostly standing in the queues to exchange their respective currency. No politician, celebrity, etc are to be seen in the queues, but the common Indian. The toll charges all across the country were exempted till 24 November but the time has been increased till 2 December 2016. Lately, the new direction has been announced that the toll collection could be done in Rs.500 (already discontinued as Legal Tender). There is a huge loss to the exchequer but who is bothered till the ego is being satisfied, no matter the cost of the life of common people or insult to the nation.

Read More: Demonetisation planned 9/11 attack!

Demonetisation of Modi is one scheme that has divided the nation into fragments. Female can deposit Rs.2.5 Lakhs (0.25 Million) in their accounts. The farmers can deposit and purchase the material for agriculture with the disowned legal tenders (Rs.1000 and Rs.500 notes) and withdraw Rs.25,000 on the weekly basis whereas others can only withdraw Rs. 24,000 per week. The small businessman can withdraw Rs. 50,000 from his current account, but there is no discloser for the big business houses. One can buy anything or pay the bill with old currency, but it should be done in rounded figures in the multiplication of 500, buy petrol not less than Rs.500, recharge mobile least for Rs.500. People are in rage standing in the queues to get their money exchanged. They are picking up fights with the bank employs at many places. Bank employs are concerned about their security. Wait for the salary day in the month of December which will be more violent when the people will not get their salaries as the currency is falling short to be dispersed.

Modi when came to power called for giving up subsidy on LPG but to promote his self-motivated scheme of Swachh Bharat Mission he has himself given the subsidy of Rs.4000 to the person who was planning to build the toilet at his home. All said and done, the government is doing whatever it is thinking to be right, with the slightest idea about the voters.

Read More: 9/11 the Indian version after Demonetisation!

In the following days, the Modi Bhakts will be spreading rumours that the opposition has given the country loss by not making the Parliament work. And this will be termed as HUGE LOSS.
Let’s now get to know the calculations of Parliament during the session just for one amount which is utilised during the session only:

10 days have passed since the Winter Session of the Parliament has started. In India Member of Parliament is getting an allowance of Rs.2000 per day during the Parliamentary sitting. Simple calculations are here:

Lok Sabha (Lower House) has 545 Members: 545 x Rs.2000= Rs. 10,90,000 per day.
Now multiply Rs.10,90,000 x 10 days= Rs. 1,09,00,000.

Rajya Sabha (Upper House) has 245 Members: 245 x Rs.2000= Rs. 4,90,000 per day.
Now multiply Rs.4,90,000 x 10 days= Rs. 49,00,000.

Total loss in ten days is Rs. 1,09,00,000 x 49,00,000= Rs.1,58,00,000 (Rs.1.58 crores)

It will be bragged that the opposition is responsible for generating this loss! Mind it there would not have been any problem if Modi would have come to the Parliament and given his explanation regarding demonetisation. But if all will end, what will the government have to keep their voice amongst the people, nothing; as they have nothing than to fool the people of India.

Disclaimer: These views are solely of the author.

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Mattis prefers to deal diplomatically with Iran

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U.S. Defense Secretary Jim Mattis has indicated that Trump administration is keen to deal with Iran through a “diplomatically-led effort,” a day after a top U.S. diplomat said Tehran was supplying weapons to the Houthi rebels in Yemen. But a clearer picture of US President Donald Trump’s doctrine – structured US national security strategy, is expected to be released on Monday.

Nikki R. Haley, the American ambassador to the United Nations has vowed to build a strong case against Iran by gathering  support from other countries including the UN for violating an international agreement by supplying weapons to Middle East countries but a spokesman of Shiite rebels known as Houthis has heavily criticized U.S. charges that Tehran is funneling missiles to the Yemen.

Haley has accused Iran of providing weapons to Houthi rebels in Yemen and  cited the United Nations Security Council resolution 2231 passed in 2015 that bars Iran from supplying, selling or transferring certain weapons outside the country unless approved by the Security Council. It also prohibits Iran from transferring weapons capable of delivering nuclear warheads.

Setting off a proxy war Iran and Saudi Arabia, U.S. diplomat displayed pieces of what defense officials said were Iranian-made Qiam missiles at a military base in Washington , including one that was fired by Houthi militants at an airport in Riyadh, Saudi Arabia. Saudi officials have called that attack an “act of war” by Iran.

The two missiles were fired at Mecca and Riyadh Airport in late July and early November bore the trademark of the Iranian ‘Shahid Bagheri Industries’ which is already on the sanctions list of the United Nations.

Her accusations were the latest step by the Trump administration’s effort to punish Iran for its ballistic missile program and destabilizing actions throughout the Middle East.

As Trump has time till mid-January to decide whether to extend sanctions relief for Iran after he  disavowed the nuclear deal in October, the Trump administration is weighing a strategy of imposing restrictions that could derail efforts by Boeing Co. and Airbus SE from selling hundreds of passenger planes to Iranian airlines.

During an impromptu news conference, Mattis praised U.S. Ambassador to the United Nations Nikki Haley’s Dec. 14 presentation at Joint Base Anacostia-Bolling that highlighted Iran’s  arms program. Haley stood in front of an Iranian missile that Iran’s proxy – the Houthis – fired at Riyadh International Airport, a civilian target in Saudi Arabia. The missile didn’t hit the airport, but if it had, it potentially could have killed hundreds of innocent civilians.

Mattis said. “What we are doing in that region,” he added, “is standing by allies and partners, and we’re on one hand exposing, on the other hand helping them build their own capability to reject Iranian influence.”

Specifically mentioning that US wants Assad to step down, Mattis said, “We find Iran actively engaged in keeping Syrian President Bashar Assad in power, despite the murder of his own people on the industrial scale, including the use of chemical weapons,” Mattis said. “We see what Iran has done with Lebanese Hezbollah in Lebanon and the threat to peace and the support they’ve given to Assad and the threat to Israel, for example.”

Mattis said. “The reason Ambassador Haley was there, and not one of our generals, is this is a diplomatically led effort to expose to the world what Iran is up to,” he said.

But there have been several reports that the weapons the U.S. dumps in Syria and Iraq ended up falling into the hands of extremists and the Saudi has a history of funding  many jihadists across the Middle East.The recent decision of recognising Jerusalem as the capital of Israel by Trump has reaffirmed that coalition  against Iran includes Saudi Arabia and Israel. Trump has opened various fronts with Iran, North Korea, Muslim World after Jerusalem decision and may include Russia whom Mc Master has accused of “being involved in so-called new generation warfare.”

The foreign minister of the Islamic Republic of Iran, Dr. Zarif, has suggested an executive mechanism for the success of this doctrine.
According to his opinion,”a forum should be created for the countries of the Persian Gulf and beyond so that they are able to freely discuss their problems and find out solutions according to the satisfaction of the concerned parties. As the European countries are deeply affected by insecurity in the Middle East, they also can participate in such talks and add to the value of the discussion instead of blindly following America and presenting impractical and illogical solutions.”

Zarif pointed out that interaction between the elites and politicians of Iran and the Arab countries of the region should be undertaken to help remove  misunderstandings.

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By: Arti Bali

Senior Journalist

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Trump should avoid bringing chaos in Middle East

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US President Donald Trump has formed an alliance with Saudi Arabia and Israel to counter Iran’s rise in the Middle East by a series of developments  initiated by their foreign policy decisions i.e. sudden announcement of Lebanese Prime Minister Hariri’s resignation, recognising Jerusalem as Israel’s capital and assassination of Yemen’s former president Ali Abdullah Saleh. But the most significant aspect is that Trump’s decision has undermined US hegemony in the region  and ended up in unifying the entire Muslim world on the issue of Jerusalem.

The 57-member Organisation of Islamic Cooperation (OIC) has declared East Jerusalem as the capital of Palestine “under occupation” and  remained committed to a “just and comprehensive peace based on the two-state solution” thus rejecting the US stance as “dangerous” and called on the international community to follow in its footsteps.

Palestinian President Mahmoud Abbas clarified that the US had “disqualified” itself from future Israel-Palestine peace talks after proving its “bias in favour of Israel”.

Israelis and Palestinians both claim Jerusalem as their capital. Jerusalem, located between the Mediterranean and the Dead Sea is sacred to Jews, Muslims and Christians. Jerusalem has been the core issue of the  conflict between Israel and Palestine as both of them have been fighting for decades to get the control of the ancient city as their capital, however, neither claim has been recognized in the international arena. Though Israel’s parliament and the prime minister’s home are in West Jerusalem, the side of the city Israel has controlled since 1949.  During the 1948 Arab–Israeli War, Jerusalem was divided into East and West  and during the six day Arab Israel war in 1967 Israel seized East Jerusalem from Jordian forces and declared as annexed. The international community views that land as occupied territory.

With the announcement of Jerusalem as Israel’s capital, President Donald Trump  has reversed US policy in the Middle East by alienating the decades old relations with the Arab world, inviting condemnation from the countries, grave threat from the terror world and the unrest in the region. Trump has argued that he acted under a 1995 law passed by the then Congress during former President Bill Clinton  to move the US embassy to Jerusalem.

The ongoing struggle between Israelis and Palestinians has been considered as the world’s “most intractable conflict” that began in the mid-20th century and Trump’s decision has revived the Gaza  and West Bank violence. With this reckless and drastic move, Trump has permanently closed even the remote possibility of  finding the peaceful resolution to the two-state solution. Palestinians and other world leaders say the move would spark violence and unhinge prospects for a Middle East peace accord.

Since 1988 the peace process had envisioned a two-state solution to the conflict – an independent Palestinian state and an independent Israeli state side by side.

Concerned that the December 6 announcement by Trump would further fuel instability in the region,Russia, China, the United Kingdom and the EU said the Jerusalem move is a roadblock for the two-state solution.

Hoping to reverse former President Barack Obama’s decisions, Trump revived US relations with Saudi and Israel by going an extra mile to enhance strategic influence  and power of Netanyahu and supporting Mohammed bin Salman for recovering Saudi’s economy. US President went ahead by taking aggressive moves in Yemen, Lebanon, Qatar to  reduce the  strategic influence of Tehran in the region.

The 2014-2015 collapse in oil prices had dried up the Kingdom’s main source of revenue and was forced to draw on its foreign reserves. Realising that Iran’s economy was on the upswing after the 2015 nuclear deal signed with six nations, Saudi Crown Prince Mohammed bin Salman made his intentions clear to Trump, Netanyahu and  Jared Kushner, who is the Middle East peace envoy to put Iran in straits.

The rapid depletion of Saudi’s foreign exchange funds is rather alarming. According to Saudi Arabia’s Ministry of Finance, the 2016 budget deficit was due to unprecedented international and regional economic turmoil coupled with oil Prices that have been  suppressed by the return of Iranian oil production. Sharp decline in oil prices, cost of subsidies and military spending, including the war in Yemen and supporting rebels in Syria, growing budget deficit, rising unemployment are all factors that have adversely affected the Kingdom’s financial position.

Saudi has been compelled to condemn  the Jerusalem as Israel’s capital but the fact is Kingdom is secretly supporting  Trump’s decision and by its latest gambit that intends to exacerbate Sunni-Shiite sectarianism in the region by pressuring the Sunni Lebanese Prime Minister Saad Hariri to resign in an effort to claim that an Iranian- Hezbollah-dominated Lebanon stands exposed.

President Donald Trump’s son-in-law and designated Middle East peace envoy, Jared Kushner at the  Brookings Institution’s Saban Forum  has stated that a peace agreement between Israel and the Palestinians is key to solving larger goals, such as stopping Iranian aggression and Islamic extremism.

The assassination of former President Ali Abdullah Saleh on December 4 by Houthi rebels is significant development in the region  as sectarian divisions are centuries old in Yemen but protests followed the 2011 Arab Spring. Saleh was forced to hand over power to Vice President Abdrabbuh Mansour Hadi after massive protests for failing to deal effectively against rampant corruption, rising unemployment and drastic economic conditions.

Saudi Arabia claimed that the Houthis were funded, armed and supported by Iran. Then regional coalition led by Saudi Arabia launched Operation Decisive Storm aimed to re-capture Houthi-held areas and restore Hadi’s government.

It therefore may be prudent that President Trump opens two embassies in Jerusalem one for Israel and the other for Palestine  and should not be swayed by Saudis claim that they hold the keys to war, peace, and transformation of the Middle East.

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By: Arti Bali

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Super Destinations to bring in 2018!

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7 LUXURY TRAVEL TRENDS FOR 2017
New Year’s Eve is right around the corner, and this is the time of the year when all we care about is bidding farewell to the year with a bang. Well then, why not opt for some amazingly beautiful, yet largely undiscovered, locations that are just a short travel from Mumbai!
Starting off with a charming hill station, Kanatal, situated in the picturesque Garhwal Himalayas, is the perfect place to spend a couple of days in unimaginable peace and solitude. Surrounded by lush forests and beautiful views of mist-shrouded mountains and steeped in warmth, this is your one chance of experiencing true Pahadi hospitality.
While in Kanatal, you can choose to explore the tiny hamlet, set off on a hike, trek or nature walk across any of the surrounding hills and valleys, set up camp in any one of the numerous camping locations or add some thrill to your vacation by going rappelling or rock climbing. Amongst the sights that this charming hill station has to offer, some of the more unique ones are the Surkhanda Devi Temple, with Kanatal’s own little legend and Tehri Dam, the highest dam in the country.
But ifa simple, peaceful vacation doesn’t seem like the best way of bringing in 2018, then Manali is great for some exciting adventure activities and peaceful exploration at the same time. Set on the Beas River, you can spend your time skiing across the Solang Valley or trekking up to the famed Tibetan monasteries. You can also opt for paragliding, rafting and mountaineering in the Pir Panjal Mountains. Once you’ve had your fill of adventures, you can relax those tired muscles in the famous hot-water springs of Vashist village, and then start exploring the villages nearby, including Manikaran, Kasol and Kothi. While this destination is perfect around the year, it’s especially popular in the winter months, making it a perfect place to bring in the New Year.
If hill stations aren’t your cup of tea though, then Jaisalmer should be the ideal destination for you. Also known as the ‘Golden City’, Jaisalmer promises an extremely unique experience, with the massive Fort, rising up from the unending desert sands, the magnificent havelis, colourful bazaars and deep-rooted cultural history.
In Jaisalmer, you can choose to explore the city’s historical heritage, starting with havelis like Patwon-Ki-Haveli, Nathmal-Ki-Haveli or Salim Singh Ki Haveli, each with its own unique story and regal architecture, and going on to explore the thrilling Kuldhara Ghost Town, the Vyas Chhatri, dedicated to Ved Vyasa, and the Thar Heritage Museum. After the dose of history, you can stop by the stunning Bada Bagh or the breathtaking Gadisar Lake and roam the deserts with a camel safari.
“All these destinations are absolutely perfect for this time of the year”, says Viren Batra, co-founder of Nirvana Travel. “Some of the most popularvacation places; they are all unique in terms of what they have to offer, making it easy for travelers to choose the perfect place to bring in the New Year!”
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