194 Matching Annotations
  1. Jun 2022
    1. A trilateral maritime security cooperation mechanism at the National Security Adviser level instituted in 2011 between the Maldives, India and Sri Lanka was revived in 2020 after a gap of six years

      The BJP Govt deigned not to renew the mechanism conceived midterm by the previous UPA Govt.

  2. Oct 2021
    1. The fervent appeals by the Trinamool chief and senior leaders of the party to the voters of Bhabanipur to vote in large numbers were ignored by as much as 43 per cent of the constituency’s 2.07 lakh voters.

      Which means 57%, the majority, went in to vote. Popular mandate should not be met with derision

  3. Apr 2021
  4. Jan 2021
    1. In 2009, the much-hyped Bundelkhand package was announced by the Planning Commission (now NITI Aayog) to find an overall solution to the problems of the drought-prone Bundelkhand region

      The commission was decommissioned immediately after Modi's ascension as PM

    2. The condition of the agricultural market is so pathetic that the government has declared it a temporary gaushala (cow sheds)

      Maybe they were needed to be gau shalas, which is why they are so pathetic

  5. Jul 2020
  6. Jun 2020
    1. these restrictions will not be applicable again until unprecedented circumstances such as a period of calamity, war or inflation arise. “As a result of this, farmers will get good returns,” the minister said.

      He does not acknowledge that we are still in a calimity, possibly the worst time to provoke this beautiful legislatiion. Farmers will take time to test out the willingness of this government and shortages might be rife enough the next few months to be the next calamity

  7. May 2020
    1. The citizens of India, putative owners of this civic space.

      Intelligence agencies are notoriously successful in bugging under construction government buildings. Whether this is merely a secret or a well kept secret depends on the government. The benefit of racous collective voices is not much greater than free PR. There's always a central group that is in charge of chalking out objectives.

  8. Mar 2020
    1. The SC also grilled the officer who passed the order regarding "no coercive" action, adding: “You have committed a sin, we will get you fired

      Such archaic language and undignified outburst begets the question of whose voice we are indeed hearing?

  9. Feb 2020
    1. The question is if Nirmala is powerful enough to stop working on the diversionary whole of Finance ministry and realise the beautiful fight between the duo at the top over the corporate affairs ministry

  10. Jan 2020
    1. Blockchain, the technology behind cyber currency Bitcoin, follows the concept of a centralised registry that can be accessed by all members, and every event is registered as an unalterable 'block'.

      Centralised registry is hardly true to the core principles of a blockchain, and anethma when uttered in the same sentence as Bitcoin, a decentralised peer to peer blockhain, very archaic but true to the core Jedi principles.

    1. The approval comes few days before the company has to clear statutory liabilities of up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is spectrum dues (excluding the dues of Telenor and Tata Teleservices).

      Seems like Airtel is coughing up the money. Govt 1 - Pvt 0

    1. The latest move will address the Internet dead spots issue, and effectively end the "data divide" that existed between people with availability to the latest Internet infrastructure and those without,

      Probable legitimization of these accounts as well.

  11. Nov 2019
    1. The group has also suggested changes that are intended to reduce the build-up of leverage at complex groups via CICs.

      Slowing down the value discovery cycle of the economy but also creating stability and maybe some amount of indemnity to life's harsh rules. A bankrupt state helps none of it's citizens.

    1. The reality is that, for a country like India, freer trade, cheaper goods and more reliable prices do indeed improve the lives of the poorest. Those hurt are the industrial blocs that seek protection from competition.

      Nationalism is a marketing campaign designed for the rich, by the rich. With a budget that steals the purchasing power of everyday Indians and with less accountability than the everyday Indian.

  12. Oct 2019
    1. the land bank would be able to obtain construction clearances more easily. To boost the value of its real estate holdings

      It's a way to deal with the feudal bridge that society needs. If both feudin parties are taken out of the picture, land stuck in litigation can be clubbed together and lubricated to completion.

    2. New Delhi should force developers to disgorge delayed projects to a land bank

      The slush money going to finance the completion of mothballed projects would make better developers able to absorb these delayed projects from NPA builders

    3. When a well-capitalized shadow bank’s credit rating goes from A+ to D in 10 days, it shows how fragile lending to India’s builders has become.

      Openly blaming builders means we've reached the point when the sensation has sunk deep enough to be public fact more than idle gossip. The pain is going to turn to numbness and risk appetite will make a painstaking recovery.

    1. RBI is concerned over what rules would apply to the non-market investments made by NRIs through the non-resident external Rupee (NRE) route if they were merged with the foreign portfolio route.

      This route is similar to the Chinese method of seperating the source of exchange rate risk. I think it's the governments desperation to open up that they are missing the point of the current caretaker of financial intrigue on the subcontinent

    1. Kotak said the challenge will be to ensure fair distribution of funds recovered to stakeholders

      That's a haircut, but not as steep as some of the NCLT bids

    1. The slump in output and shipments at the world’s biggest coal producer is squeezing supplies to customers, including power plants, aluminum smelters and cement companies. Coal inventories at the country’s power plants have declined to a nine-month low, spurring higher imports.

      A likely story.

    1. "The divestment of our NBFC business will help conserve capital for the company and allow us to focus on other businesses of the group. It's a win-win deal for REL and TCG, who can help grow the NBFC business with a long term capital commitment," said Nitin Agarwal, Group Chief Financial Officer, REL and CEO, Religare Broking Ltd..

      Wow that's some animosity there

  13. Sep 2019
    1. If a central bank is getting a good read on the economy by engaging consistently with traders, it can send liquidity to pockets of the economy most in need. Rate cuts then become a last resort.

      This is a VC style picking of who gets the extra cash. Good VC's find better people more consistently. So we're assuming the PBOC is staffed appropriately. Also the Indian RBI is slowly degrading under a beaurocrat and shorn of top and some mid level direction over the last few years. Yet to see if the juniors can hold the fort long enough to matter

    1. Vietnam, for instance, has adeptly got itself plugged into the gaps which emerged in the global supply chain with the tariff war between the U.S. and China.In the case of textiles, especially apparels, Bangladesh has started filling the recent void in several U.S. stores created by duties imposed on imports from China.

      Expect defense ties to lure both nations soon. They grow addicted to the immunity from the global slowdown. A relative increase in self worth.

    2. government authorities have shown a willingness to pay another Rs 17,000 crore towards a higher insurance cover of up to 90 percent of working capital taken from commercial banks, up from the current 60 percent.

      Leverage increased for the economy. Corporate borrowing risks reduce.

  14. Jul 2019
    1. An  unexpected meeting of minds formed between Prime Minister Narendra Modi’s core Hindu nationalist supporters and his more internationalist critics to put the bond’s future in question.

      I always predicted this moment would come. In hard times, good leaders embrace thei most ardent critics. The unity of the herd must be preserved against external threats. Hopefully the future holds promise in this partnership. I'd look to see lateral induction of liberal bureaucrats, technocrats as a real positive step.

    1. Both sides have done well out of this. First, Agarwal. He has had to pay roughly 420 million pounds ($521 million) of coupons on the bonds. If his Anglo shares went up a lot – as they did – the terms allowed him to keep nearly 10% of his holding on redemption, which was announced on Thursday. On Friday, he sold that residual holding for almost 520 million pounds.

      Like an option contract with the payout in equity and a management fee for the stakeholder.

    1. Shah said the redevelopment project will also allow Seclink to bring 7-8 crore square-feet of saleable real estate into the market.

      Crashing property prices. They have been getting the runaround by the state beaurocracy as the politicos digest giving away not only prime mumbai land but also threaten the real estate prices nurtured over decades of Monopoly.

  15. Jun 2019
    1. As refinancing requirements grow, the NHB may need more equity infusion from the government, said a former RBI deputy governor who spoke on the condition of anonymity.

      Just another bailout in disguise

    1. the asset manager has successfully exited from four of its investments and received 98 percent of its dues from another. There were originally 13 investments when the fund was launched.

      Less than 40% recovered

    1. The second category of disputes relates to interception because of inadequate documentation or failure to follow procedures. For these, both businesses and the tax administration are at fault in view of the latter’s failure to provide the last-mile guidance to field officials and the former for its failure to observe modalities, particularly e-way bills. The tax administration, albeit not without a nudge from the courts, has risen to its role accelerating issuance of series of circulars and instructions as well as sensitising officials on the exercise of discretionary powers.

      The govt actually reprimanding corrupt officers

    1. Indians had been staying away from the metal since the crunch in the economy started 2 years ago. Election season may also have been a factor as black donations are often in gold. The other safe haven, real estate, has not been feeling as kind.

  16. May 2019
  17. Mar 2019
  18. Feb 2019
    1. Narendra Modi speak at his campaign meeting in Churu in Rajasthan on Tuesday, with the pictures of all the CRPF dead from Pulwama forming the backdrop.

      This is what he spends the political maxima on? Winning seats in Rajasthan would leave his connecting infra projects betwen delhi and gujrat safer from political interference.

    1. “Members of staff engaged in financial and risk control should be compensated in a manner that is independent of the business areas they oversee and commensurate with their key role in the bank. Effective independence and appropriate authority of such staff are necessary to preserve the integrity of financial and risk management’s influence on incentive compensation,” said the RBI.

      Plea for help from the staff at RBi itself. so meta.

    1. But going by the NCLAT order, banks will no longer need to classify these accounts as NPAs even if they are 90-days overdue.

      Means they are going to suffer the consequences of their decision. You can't selectively choose to attack subsidiaries for repayment while classifying others as NPA's

  19. Jan 2019
  20. Dec 2018
    1. He made the living conditions worse for the majority of bharat with demo and gst hits. But the informal economy limps on. He will bribe the land owners with a pro hindu agenda and try to unite them all. Money is power. The Congress lost the plot the minute Rahul Gandhi stopped the next gen from awakening.

    1. KKR & Co

      KKR & Co. Inc. is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds.

    1. IFC

      US money - The International Finance Corporation is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C

  21. Nov 2018
    1. Trinity White City Ventures, the family office of Shahal Khan, was behind an aborted attempt to acquire New York’s iconic Plaza Hotel earlier this year. The $600 million deal fell apart amid a series of lawsuits over the sale process, and the historic property was eventually sold to a Qatari state-owned company.

      Plaza Hotel was owned by Sahara Group whose founder is in jail for running a money laundering scheme.

    1. The on and off ramps of Lightning will all require on-chain transactions to the BTC blockchain. What will happen when fees on BTC are so expensive that users begin to realize it’s cheaper and more convenient to stay on the Lightning network?

      Lightning payments will be more efficient. There is a cleanup when watchtowers go offline and issues of inheritance are dynamically 'solved'. Regardless, Bitcoin's blockchain will become the mother lode reserve in this far flung future. You can value that all you want Tom Lee.

    1. On Tuesday, Canada’s Squire Mining Ltd. announced that it has chosen Samsung Electronics as its foundry partner to manufacture its next-generation ASIC chips in South Korea. Gaonchips is designing the chip for mining of Bitcoin Cash (BCH) as well as alt coins such as those using SegWit technology.

      Segwit=Lightning

      Bitmain chips disadvantaged and currently do not support.

    1. A way to get around the November US sanctions?

      India imports Brent, from the Scandinavian oil fields. ING is a major sandanavian Bank. Reliance has the largest Oil refinery in India tuned for their particular quality of oil.

      The R3 consortium uses Corda, a blockchain meant for anti money laundering (AML) compliance.

    1. There's the implicit rapping of knuckles. Showmanship or how far will it go?

      The CBI is their baby, meant to be joined at the hip. However rebellion like this is unprecedented. The CJI is new but the institution is old. Preserving it's ways despite the not so gentle nudge from the Govt.

      In effect what power do they have except of judgement, the facade that society putes up to hide it's gross negligence of morals. Will the Govt get away with it's interfering ways, will they reform from the struggle each of these independent institutions are putting up.

      Maybe it is a sign of independence when you can defend your turf. The lack of it means your inevitable death in the brutal realpolitic of modern times.

    1. The EU could seek to protect its entities operating in Iran by offering currencies other than the U.S. dollar through institutions including the European Investment Bank

      Carefully constructed could mean asian entities. Euro firms seem to have got the message that europe is not included in sanctions.

    2. while the handful of European nations that received Iran crude will likely continue to do so in the future, once they request, and are granted, sanctions waivers.

      Insulating Europe from the oil price crash in asia or bullying American Crude

    3. Separately, and in another deja vu to the last Iran sanctions, in order to skirt the U.S. financial system, Asian buyers could also resort to using currencies other than the dollar to pay Iran for their oil purchases. Payments may be routed through either local or foreign banks that don’t have close ties to America.

      Cryptocurrencies?

    1. Public sector companies will now source at least a quarter of their requirement from MSMEs against 20% earlier and, within that, 3% would have to be done from units run by women

      Regressive or progressive?

    1. RNAM acts as the advisor for India focused Equity and Fixed Income funds in Japan (launched by Nissay Asset Management) and Korea (Samsung Asset Management)

      NBFC

    1. The ministry is in the process of rejigging the companies in the ETF and will include four new CPSEs after removing three of the existing companies—GAIL Ltd., Engineers India Ltd. (EIL) and Container Corporation of India.

      Retaining the energy business

    1. Exposure to bonds issued by these NBFCs by partial credit enhancement should be restricted to 1 percent of the bank’s capital funds.

      Not mentioned if HFC's are included in this quota.

    2. Banks can provide partial credit enhancement to bonds issued by systemically important non-deposit taking NBFCs and HFCs.

      Can newly incorporated Housing Finance Co's gain this. Are all HFC's subject to similar approvals or will there be political cherry picking?

    3. NBFC's have been driven to this due to the massive liquidity sucked out by demonitisation. Whatever the reduced access to hard cash meant is the economy has lost jobs, slowed down and created a gap in small and micro enterprises, thats being felt by listed small and midcaps. The large caps are seperately suffering from the exchange rate and America's bullying.

      Combined we have a crash, that's squeezing out excessive valuation. The RBI's move to shore up small NBFC's (essentially shadow banks lending the American rate) has saved a layer of diverse players who were betting against the RBI's policies. This get out of jail card, is perhaps not a panacea to solve the severe strain on the economy. But it may just keep the music playing and real estate secure.

    1. It was the 3% increase in borrowing rates in 2007 that started the rush for external commercial borrowing that continued well into the second year of Modi’s prime ministership.

      Verify.

  22. Oct 2018
    1. He accused ICICI subsidiary ICICI Lombard of looting public funds through ghost enrolments and fake payouts, in the case of Rajiv GandhiSm Shilpa Swasta Bima Yojna, Farmers Weather Insurance Schemes, Rajiv Gandhi Swasthya Bima Yojna, Weavers Health Insurance Program.

      Find out who manned the ministries.

    1. Reliance Industries Ltd, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemicals Ltd are seeking an additional 1 million barrels each in November from Saudi Arabia

      Reliance has the world's biggest refinery in Gujarat. HPCL has a Kochi and Mumbai op, BPCL has Andhra and Mumbai ops and mangalore refinery is in Mangalore, Karnataka

  23. Sep 2018
    1. Loans to road contractors and bank guarantees for projects have dried up

      Note: He says that contractors are being targetted, not the Govt book building NHAI. They raised recently from SBI.

      He wants the money to be lent out to the contractor without going through the Govt. Maybe because of debt limits for his ministry.

    1. The Allahabad High Court hearing one such challenge against the dispute had declined to grant the stay of the circular as sought by the power companies. The high court order also did not inhibit financial creditors to proceed under section 7 of Insolvency and Bankruptcy Code.

      They got in to the Sumpreme court within 2 weeks of the High court rejecting their petition.

  24. Aug 2018
    1. In order to de-clog the NCLT, the committee recommended enlarging the jurisdiction of the regional director with enhanced pecuniary limits for compounding of offences, and moving the power to approve alteration of financial year and conversion of public companies to private companies to the central government

      Notice the Central Government bartering for the power to amend the financial calendar. The NCLT gets a tiny slice of reward in comparison.

    1. Ambani resigned from the group company with immediate effect, “in compliance with provisions of Section 165 of the Companies Act, 2013, prescribing the limit on directorships to only 10 public companies, the company said in its stock exchange filing.

      They really own the country. He gets to bail ship right before it sinks. And as early as 2016 reliance naval with the bad debts was added into Reliance infrastructures books.

    1. We gave them the proposal to add three more institutions literally across the table just a month ago and they have included them. We have given them another 17 to look at

      They rejected the list of 17 and maybe that's why you were asked to present 3 nursing homes.

  25. Jul 2018
    1. On the Chinese part, China and India have reached an important consensus that the two countries are not rivals for competition but partners for cooperation as two significant developing countries and emerging economies

      Being downgraded from "rival" or upgraded?

    1. If large caps catch up, they will be a more tempting choice than the riskier small caps valuation wise. This is like the bitcoin season, when altcoins bow to the bull.

  26. Jun 2018
    1. LNG carrier ‘LNG Kano’, carrying cargo from Russian supplier Gazprom, docked at an import facility in Gujarat’s Dahej port on Monday.

      Dahej is a tribute paid after marriage between two families, the lesser to the superior.

    1. If phillipines is USA, then Indonesia is CHN. Grabbing Indonesia would be a major coup, although long term their is far more relationship with CHN to meaningfully act over the years.

    1. This was a reiteration of India’s opposition to the Belt and Road Initiative which was first articulated when New Delhi did not attend the flagship summit in Beijing last year.

      Does this mean China is still a frenemy?

    1. The Indian delegation restated talking points that as a “funnel state”, New Delhi already playing a key security role in the straits and formal full membership would enhance the “collective security” of all regional members.

      Does that mean India is paying each of these countries? ie "funneling" into their economies?

  27. Apr 2018
    1. Fortress Investment Group revealed that it had sold approximately $200 million worth of Bitcoin it was holding.

      Former employer of Mike Novogratz, currently in Pantera

    1. In the 1999 Lok Sabha, when Sonia Gandhi was Congress party president, she contested from both Bellary (Karnataka) and Amethi (UP).

      Note:Bellary brothers

    2. Prime Minister Narendra Modi contested from both Vadodara (Gujarat) and Varanasi (UP). He won from both, and vacated the Vadodara seat.

      Such different circumstances from the one below.

  28. Mar 2018
    1. The chief minister’s battle cry against the armed Ram Navami marches is that they belong to an “alien culture”. But these arguments are a parochial, rather than a liberal, counter to the BJP’s bigotry.

      Maybe that's why it will work. They are fighting forthe same demo, the liberal media fails to understand that.

    1. SIX is working on a blockchain project with Nasdaq (NDAQ.O) and Australia’s stock exchange ASX Ltd (ASX.AX) said in December that DA will help replace its registry, settlement and clearing system, in one of the most ambitious projects to receive a green light.

      Equity swaps without a middleman. The entire exchange could go the DAX way

    1. But soon after, he withdrew his candidature after he was caught on camera assaulting the staff of Sam Higginbottom University of Agriculture, Technology

      this is a story that keeps on giving

    2. The political rise of Muslim dons, however, conveyed the impression that the community overwhelmingly favoured them. This was partly because their principal patrons were the Samajwadi Party and Bahujan Samaj Party

      Made freinds with the devil. SP using muslims as a shield against BSP thugs defending themslves against upper caste violence. Will they now realise the ultimate perp and unite ?

    3. One of them, a Passi by caste, vividly described to me at his Gorakhpur residence how the Bahujan Samaj Party chief survived their murderous assault

      Wow. Where does this lead?

    1. Gokhale was India’s ambassador to China when the two Asian giants were engaged in the Doklam standoff. It is largely believed that Gokhale’s hands-on experience with the neighbour has ensured that he reaffirms India’s clear stand on Tibet.

      He is the mommy called in to soften the stance. Modi is wily enough to know how to play the game.

    2. Stobdan said that the current development was in itself a big step in foreign policy changes. “Tibet is a core issue for China. We need to understand that. Now it looks like someone finally has a grip on that,” he said.

      Bullshit. They are adept painting false flags to bring opponents to the negotiating table.

  29. Jan 2018
    1. In Surat, for instance, the textile industry has been adversely affected by the government’s decision to impose an import duty on Chinese yarn but not on finished Chinese fabric. Small and medium garment factories buy domestic yarn from a handful of domestic producers at higher rates than what is internationally available, while cheap Chinese fabrics entering India put pressure on their selling price.

      It's kept this way to increase competitiveness with international markets. Trade barriers are harmful for all in the long run. The Indian farmer needs to increase scale, hire skilled labour, or mechanise to compete with chinese imports. This unequal tariff on finished yarn is to encourage industries to scale as well without depending on farmers becoming inefficient. Ideally they should setup contract farming and reward efficiency at home to rectify the imbalance

    1. India has had the same lobbying for imports from Indonesia / Malasia wrecking the local oilseed industry and drop slamming prices into suicidal farmers

    1. The new method, however, puts this number at 12.7 crore, accounting for 53% of India’s 24 crore non-agricultural workforce – a huge difference.

      Just 240 Million of our 1.2B. ie 1B are still agriculture dependent?

    1. Gobaud highlighted the problems with safely deploying smart contracts. "They are Turing complete programs, but they are really hard to write,

      Lame excuse

    1. High transaction fees, which only benefit the bookkeepers, will prevent people from wanting to register their assets on the blockchain. The less assets registered, the less rewards NEO holders will get. Thus, NEO holders are incentivized to vote in bookkeepers who will keep transaction fees low.

      Bookkeepers are probably large NEO stakeholders. That would ensure they are never voted out. The transmission mechanism for GAS : NEO is setup for an oligarchy

    2. NEO works like this. Imagine the same scenario. Timmy again asks how much chocolate milk costs. First Cynthia speaks up: “$15!” A few murmur in support, but it’s clearly not 66% of the class so her idea is discarded. Next Bobby says “$1.25.” 66% of the class support his claim and thus, his idea is final. With NEO, the bookkeepers each propose the correct state of the next block. When 66% of them support the proposition, the block is finalized.

      Cynthia is quickly taken to an internment camp and spends the rest of her life breaking boulders and blowing gaurds for drug money. Timmy becomes Minister of State.

    3. If every person in America — all 323.1 million—was allowed to directly participate in the governmental decision making process, it would be catastrophic

      Direct Democracy is the future for all western societies. The only thing catastrophic is how sure we are of our own incompetence.

    4. Ultimately, DNA develops public and private blockchains for businesses. These blockchains then link up to NEO to join the decentralized economy.

      Top down approach. Businesses need to own their blockchain solutions and transform the direction of their business to take advantage of other biz ledgers/blockchains and not the other way around

    1. For historical context, the company was slapped with a fine by FinCEN in 2013 for acting as an unregistered MSB and failing to implement an adequate AML program. While the fine itself was kinda bullshit — all the company really did was “fail” to file know your customer documents on Roger Ver, one of the most well-known industry investors at the time — the event did lead to a radical shift towards enhanced oversight of its network.

      Sometimes I think Ver is the real anti government crusader

    1. One assumption of the op-ed was that SpaceX was responsible for the failure of a recently launched spy satellite, though the company has repeatedly said that its vehicle performed correctly, and NASA associate administrator Bill Gerstenmaier confirmed that NASA would be told if the launch was a failure, and said he had not been so informed.

      I wish they would stop the failure stories on secret launches.

    1. India has dual GST–central GST (CGST) and state GST (SGST). There is also an integrated GST (IGST) on the inter-state supply of goods and services, which can be set off against CGST and SGST that is to be paid.

      LOL. How is this any different from the earler state + Central + Interstate taxes?

    1. A sensible policy would be to buy from farmers when market prices are depressed and sell stocks in the open market when prices are elevated

      An F&O market with access to global buyers and sellers/

    1. India imports it at a much higher price. The Iran port opening adds another fuel line that circles around Pakistan. This puts pressure on Pakistan to compete in an open market. Commercial cargo would prefer a higher paying Indian dock

  30. Dec 2017
    1. At the same time, the goal of this work is not the replacement of the original network, but the effective coexistence of two networks with different purposes.

      excellent mindset. this fork has promise

    1. The presence of all the major Opposition parties – the Communist Party of India (Marxist), Rashtriya Janata Dal, Dravida Munnetra Kazhagam, Samajwadi Party, Trinamool Congress and the National Conference – at a dinner hosted by Rahul Gandhi over the weekend suggested that these parties have accepted that they will now have to do business with the new Congress president.

      Justify. Which of the real leaders of opposition were there?

    1. As per newspaper reports of that time, the three major areas where correction was sought were economic policies, which the RSS considered too liberal and anti-Swadeshi; Pakistan, where it said that the government had not been able to counter the moves of that country; and the Ram temple issue.

      An indicator of the real priorities huh. But can any organisation really cage Modi at the moment. he seems the harakiri type to me. Carrying no baggage he enters the arena, ready to through his soul away.

    2. On the flight to Goa, tremendous pressure was exerted on Atal by Advani to not accept Modi’s resignation. Somehow word about the proposal for Modi to resign had leaked out. Young and mid-level leaders of the party started raising slogans, “Istifa mat do, istifa mat do [Don’t quit, don’t quit],” the moment Modi stood up to resign. In fact, a resolution was passed that Modi and his government had done their best while facing the challenge during the riots. Thus Atal was stymied. Modi, as is widely known, was a core RSS man who had become the chief minister of a state without being a legislator or an MP.

      Orchestrated or not, the man becomes the image.

    1. I don't know if this is the Supreme court acting independently of the government but regardless, it is an unjustifiable behavior. Public commentary being repressed repeatedly means we have entered India's consolidation. Prepare for impact.

    1. The IAS will do well to remember that they have no locus standi there. The infamous Anil Goswami episode is too recent in public memory to be forgotten.

      Anil Goswami tried to stall saradha scam accused minister's arrest. Which led him to be shunted out as home ministry's secretary.

    2. The devil is smiling in the details. The September 7 order used the phrase “law and order review meeting”, not “crime review meeting”, as has been wrongly reported by various newspapers. Even reputed national newspapers have got it wrong. The IPS community panicked. There is a long history behind it.

      classic politics. Modi knows how to pull strings

    1. Sources in Mr. Singh’s office confirmed that he subsequently briefed Mr. Modi about the matter and the two meetings he had.

      Modi is a master conductor through the appointments committee, he is orchestrating between IAS, IPS turf wars

    1. Former PM Manmohan Singh was  reportedly keen on appointing Jaishankar as the foreign secretary for his work done during the Indo-US civil nuclear deal while he was joint secretary in charge of the Americas between 2004 and 2007. The diplomat, who is the son of defence strategist K Subrahmanyam, also happens to be the longest serving ambassador to China.

      Jaishankar is married to a japanese

    1. The most recent “curtailing” of a Foreign Secretary’s term and the appointment of another just two days before his retirement are illustrative of the mix of the many factors which lead to such decisions. Both of them are extremely competent and both, having benefited from political patronage, must accept its shifting sands. Bureaucrats, who get close to the political leadership, rise and fall with their mentors.

      S Jaishankar is the new fs for Modi. Sujatha Singh is shunted out before her term ends

    1. By contrast, since 1946, close to 100,000 Kashmiris were killed, many women in the last 20 years were literally raped, their breasts chopped off, to kick one section of the population out of Kashmir, by cross-border terrorism, funded by the International Sponsors, which continues even today, over 50,000 military personnel have been killed and are being killed as of writing of this article.

      Factcheck

    1. Will be much more alluring to steal. This is so because if you steal bitcoin the transactions cannot be stopped or reversed, and you cannot be identified. This will thus prompt a lot more effort to be put into stealing bitcoin than regular currency (in relative terms). For the same level of security, a lot more bitcoin will thus be stolen. And for each robbery, the robbery will also be much more effective (because of the irreversibility and difficulty tracking the robber). In short, for a user Bitcoin will represent levels of risk likely one to several orders of magnitude higher than using regular digital currencies.

      You steal and protect whats valuable. Fiat has been socializing the cost of theft for years. Inflation is not required in a perfectly memorable currency.

    1. We don't know if the bitcoin user community will one day allow for the creation of more than 21 million bitcoins. If they do, it would improve the value of bitcoin as a medium of exchange but it would likely come at the expense of bitcoin holders' value. As such, we are not sure why existing bitcoin holders would agree to such a change. Nor is it clear why the miners and transaction validators would agree to such a change, which would likely lower their profit margins.

      Replace with US Dollar and read. A crazy shift in perspective occurs.

    1. From 2000 until the middle of 2007, the Bank of Russia held around 400 tonnes of gold in its official reserves and these holdings were relatively constant. But beginning in the third quarter 2007, the bank’s gold policy shifted to one of aggressive accumulation. By early 2011, Russian gold reserves had reached over 800 tonnes, by the end of 2014 the central bank held over 1200 tonnes, and by the end of 2016 the Russians claimed to have more than 1600 tonnes of gold.

      Correlate with Germany recalling it's gold from foreign countries - https://www.cnbc.com/2017/02/14/germany-has-got-its-gold-back--they-must-know-something-we-dont.html

    1. his company was profitable and because he's a 'shadow banking guy', declaring it to be a market valued at an absurd $72 trillion

      Shadow banking valued at $72Trillian

    1. The sole mandate of this central bank is to enrich itself through market manipulation.

      Enrich all of us. There is no way to stop the central banks from lending to private actors who do similar things. And in the long run, there's simply no way to short it short of going back to a gold standard.

    1. A excavation in 1991 of a local tavern reveals ancient hedonistic secrets: among the display of broken wine jugs sits a pile of coins with markings from dozens of different societies—the savings of prostitutes after servicing clients from around the world. 

      makes prostitution a perfect client for forex dealers.

    1. Adequate capital in any bank can include contingent capital that is agreed to ex-ante but is provided ex-post as and when and if the need arises. It is true that the market for contingent capital is not well developed and so such capital is not usually available. But that is where the Centre needs to step in and provide capital that is usually not available. The government has not done this so far. It has instead provided the usual (non-contingent) capital that is available anyway in financial markets. There is a need for rethinking here. The literature on banking crises includes other policy suggestions that can make banking meaningfully stable.

      Disagree for now.

    1. US Dollars have an important quality that makes them useful to an individual, regardless of whether other individuals want them: they can be used to pay down US citizens' tax obligations.

      protection racket

    1. In the meantime, some major banks that backstop futures trading have objected to the launch of the contracts, arguing that bitcoin’s wild price swings could spark a dangerous default for market participants.

      Of course clearing houses will object. They are the Dinosaurs who will get 'cleared' out.

    1. The rural urban divide in cost of treatment is smaller than the private public division. The Urban private hospital market share has increased by a larger margin than their rural counterparts. This suggests urban migration is pulling the low income groups out of the rural economy.

    1. Could they have not learnt the Vedas, rituals and become priests without becoming broadcasters of the Brahmin symbol?

      Like a policeman without a badge, the symbolic nature of caste can be transformed to a symbol of religious authority. Catholic priests also wear a distinctive collar and Muslim imams too have a distinctive attire. The author is himself brought up in a culture where caste symbolism is ingrained and hopefully the generation born a decade from now in Kerala will not suffer the same misconception.

  31. Nov 2017
    1. In recent times, a leading newspaper has allegedly even removed an editor because he brought out a “hate-tracker” that was diligently compiling a list of hate crimes in the country. Apparently, the hate tracker attracted the ire of the prime minister’s office and the PMO made it clear that unless the editor was removed, the prime minister would not attend the newspaper’s prestigious conclave. Shockingly, instead of standing by the editor, the newspaper chose to remove him. The prime minister, I am now told, has agreed to attend the conclave.

      Hindustan Times Editor Bobby Ghosh.. Follow the links to https://scroll.in/latest/850287/hindustan-times-editor-in-chief-bobby-ghosh-resigns

    1. The law banning itself is not a solution but more of a statement of intent. If the bill aims to redress grievances, a redress cell with helplines and a mechanism to handle victims has to be setup. On the ground, the Government needs to identify those vulnerable and create education and awareness about what options are present for those unwilling or coerced by social pressure. Politicians at the local level need to nudge their older patrons to let the younger ones off the hook (literally)

    1. That this could happen is not a sign of efficient management of its own vulnerability. Sleeping with doors and windows open in a thief’s neighbourhood makes no sense. Only the householder is to blame for what follows

      Blaming the survivor is the first sign of misogyny

    1. Subsequently, lavatories will mainly have vacuum toilets, with just one big bio-digester installed in half portion of the guard’s cabin at the end of the train,” the official said.

      I guess the guard is not human enough to get a vacuum toilet.

    1. Surprised to see them back down , Seems like things are firmly still in BJP hands. Also impressed by how Amit shah has strengthened grass roots activism to the point that it's no longer fringe groups that have the last word.

    1. Don't pander to British ideals. The elite club doors should be thrown wide open you bigoted fuck. Why should we be elitist at all. The BJP is also playing it's brand of political narrative, one mastered over years of victimhood to it's home junta. here too, he doesn't care a twt about what you think is happening. his narrative is firmly embedded in his local metre.

    1. With its new norm allowing lifts up to the terrace level, the municipal corporation seems to have side-stepped this problem with ease. According to civic officials, lift construction on the terrace will be considered FSI-free, and specific height restrictions will apply only if a building falls within the city’s aviation zone.

      Does this mean lifts can be used to extend the penthouse

    1. the Secretary, Culture, N.K. Sinha has been given the additional charge of Secretary, Tourism and Secretary, Social Justice and Empowerment G. Latha Krishna Rao has been given additional charge of Secretary, Tribal Affairs.

      Wierd to have clubbed them all together I guess. But they are a coalition now. together they can transform rural india's human resources problem. But do they think beyond urban India?

    1. There are more people that buy and sell digital clothing than there are that buy and sell Bitcoin and the rest of the cryptocurrencies combined.

      factcheck / citation

    1. The crisis can be partly explained by the fact that India’s dairy producers receive absolutely no support or subsidies from the government. A similar crisis affects small farmers in the European Union and the US, where subsidies favour large dairy players, said the study.

      Source citation?

      Scale and market forces like subsidies have no correlation. I believe small farmers need specialised equipment and are at an advantage when given the option of differentiating from the generic US companies. But whether India's consulting companies can bring their fees down to create and execute a model that includes the marginal farmer...

    1. Another BJP leader, who is familiar with Rane’s politics and who did not want to be identified, said the alternative to launch a new political party was in fact suggested to Rane by senior BJP officials themselves. “Rane met our party president Amit Shah in Delhi some days back and it was suggested to him that the BJP rank and file in Maharashtra were not really ready to induct him and that he should look for some option that would still make him open to joining the NDA,” said this BJP leader.

      http://www.dnaindia.com/india/report-maharashtra-in-dramatic-development-fadnavis-rushes-to-ahmedabad-to-meet-amit-shah-2561479

    1. My lowering MSP, the Govt may be cleverly signaling to the transporter, wholesaler nexus that their time is up. A continued reduction in MSP year on year should push private players into procurement as the Govt fades away leading to a better market economy. However urban food price inflation and farmer suicides should continue until this happens.

    1. “The Israelis made a mistake in letting us come back in the 1970s because they gave us our rights back,” Nadia Manasra said wryly

      The hollow cry of those forced to ignore reality to preserve a semblance of dignity. The reality is that they were pushed out of lucrative real estate by a bigoted state and will continue to suffer ghettoisation until they conform to the culture of the economic majority.

    1. it was heard as part of a batch of matters challenging decisions of the Union Government and the committee overseeing the functioning of the Medical Council of India in respect of permission given to medical colleges

      The Govt is probing the judiciary for weakness. And the team is coming up weak, the players are compromised and there's not enough clean faces on the benches

    2. The story really starts with the Central Bureau of Investigation’s arrest of a hawala operator who led them eventually to a retired judge of the Orissa High Court, IM Quddusi

      scapegoat

    1. Modi most probably thinks of this as a caste issue. A bridge for bringing the importance of lower castes into the mainstream. And maybe even a more genuine source of employment

    1. Ajay Mohan of Muskan, a non-governmental organisation that is a project partner for the Pradhan Mantri Gramin Digital Saksharta Abhiyan, said no work has happened since the scheme was rolled out. “The ministry has put the mission on hold,” he said. “Manpower is the main reason. We have spoken to them so many times but they cite manpower issues. The portal is open and you can register as partner. Everything indicates that work is happening but nothing has been happening on the ground.”

      How many government schemes have this problem? A portal that works but the backend remains broken

    1. India’s goal of achieving universal education by 2030 was 50 years behind schedule in 2016, according to UNESCO.

      I laughed out loud when I read this.

  32. Oct 2017
    1. This also poses a key question, one which resonates in the 21st century, about whether there is a necessary link between state power and community life.

      There are some limited to policing and security. However an absence of a formal process will no doubt throw in surprising elected and unelected power centres. Which is likely how these communities worked for thousands of years before cities became cultural icons drawing the thrill seeking masses out of their existing communities

    1. In March 2017 the national government announced the closure or cancellation of 103 of these plants, which would have been capable of generating a total of more than 50 gigawatts of power. The authorities also announced plans to cut steel production capacity by another 50 million tons.

      They are also overcapacity...

    1. Job growth is not going to happen from the corporates. It is going to happen from this lot [of 56 million] of MSMEs [Micro, Small and Medium Enterprises]. The questions to ask are: what holds up or blocks the growth of MSMEs?

      I believe this as well. The corp structure incentivises job creation at a much smaller scale even when it hits Tier2,3 India. Alongside, the jobs themselves will employ indians and not Bharatiyas...

    2. Earlier, small businesspeople used to have a particular political voice because they could fund politicians. But now that they don’t have the funds, their voice is getting silenced. It is the big guys whose voice dominates. That is something to fear.

      Either they come clean and add their voice once again through better channels. Or maybe they create a vacuum that Big Corp India can muscle into.

    3. Those four guys would not be spending the money on cigarettes. For all you know, they’d be spending it on cellphones.

      Does that mean consumer white goods were bought by the 86 lakh benami accounts?

    4. [After demonetisation, Rs 50,000 was the maximum amount of cash in old currency that could be deposited in Jan Dhan accounts. These accounts came under income tax scrutiny after their deposits doubled to Rs 87,000 crore 45 days after the demonetisation announcement.]

      So ~43000 crore of illegal cash was given up?

    1. Goldman Sachs would never do business with Trump, the developer who resorted to foreign banks and second-tier lenders to bankroll his projects. Now Goldman’s president would be among those serving in his royal court

      bik gayi hai ye gormint

    1. French President Emmanuel Macron and several other European leaders now appear willing to go to Iran’s rulers and say (in effect): “Look, we believe you’re not developing nukes and don’t intend to do so. But we have to get along with that cowboy in the White House and if he makes us choose between the U.S. market and the Iranian market, what are we to do? So why not make a few minor adjustments?”

      The bully who props up dictators in the name of freedom, is now asking for their opponents to be rational.

    2. For example, sanctions could be imposed for Iran’s continuing development of missiles that can deliver nuclear warheads to targets anywhere in the world, its aggressive pursuit of hegemony over its neighbors, its support for the mass-murdering Assad regime in Syria, its incitement of genocide against Israel, its taking of American hostages, and its domestic violations of human rights.

      Every single charge also accounts for Pakistan, America's ally.

    1. We can see here that it costs 0.09 ETH or $26.55 to add two numbers together 1 million times. Compared to running on a local computer or cloud server this seems pretty high. Let’s do a quick price comparison to AWS.I can add two numbers together 1 million times in python in 0.04 seconds. Amazon charges $0.0059/hour for their cheapest EC2 instance — t2.nano. This costs $0.000001639/second or $0.000000066 for the operation. Compared to $26.55, this is about 400Million times more expensive (or 40Million if you are willing to pay a low gas price). Whoa!

      Currently with Byzantium, Developers seem to be getting the imperial treatment. Faster blocktimes,, gas returns are making this calculation come down to $0.09 as compared to AWS cost of $0.000000066

      http://ethgasstation.info/index.php

    1. Although Axis Bank did not name its defaulters, it mentioned that nine of its NPA accounts were held by a consortium of banks that owe it Rs 4,867 crore. “According to the Axis management, only 6% of this account is classified as stressed,” Anil Gupta, vice president of the credit rating agency ICRA, pointed out. “As and when asset quality check happens in other banks by the RBI, this account will come up and push the divergence numbers upwards.”

      How many of these navratna's are hidden away in their account books?

    1. It would appear that the US regulator is less interested in cracking down on mega offerings backed by major law firms and Silicon Valley personages, and more interested in catching small-time fraudsters exploiting ICO hype.

      Sometime the valley leads the govt, sometimes it's the other way around.

    2. Despite the aura of chicanery surrounding ICOs, strenuous efforts are being made in the cryptocurrency to legitimize them. One of the most interesting attempts is a legal framework created by law firm Cooley in New York, and firms with vested interests in making ICOs work, published today. It argues that it has come up with a “simple agreement for future tokens” (SAFT) framework that will allow token sales to be compliant with US securities laws.

      legalcoin woohoo

  33. Aug 2017
    1. For some reason, though, our abject failure to develop indigenous arms technologies has never given rise to a sense of humiliation among nationalists.

      If the change of guard at the censor board is anything to go by, a younger generation may be pushed ahead to deal with shortcomings in operational management. If only Modi can bite the committee habit, we could place sharp people in charge of institutions like the RBI and let them have free run. The under 45 have the indoctrination of the liberal left to soften the patriotic sedative and feel the pain.

  34. Jul 2017
  35. May 2017
  36. Mar 2017
  37. www.telegraphindia.com www.telegraphindia.com
  38. Apr 2016
    1. Request features, report bugs and meet other users in our

      The longest unclaimed real estate at this point was this line.

      I'm saving for tuition. Tip me a coin - 1MrWja3zAEWs2NvRCHRXoHgbrz5hg7VzrA