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  • 03 May 2017
    EU’s €100bn demand to settle Britain’s exit dues has restarted the debate and analysis much run before the referendum, that gave in to protectionism with David Cameroon resigning after Britain voted to separate from EU.    The media is full of its review on the leak and its analysis of the divorce bill, but the bigger question that needs to be reconsidered is whether Brits will be paying for the gains or for the pains of redrawing borders.  Sentiment of British were drawn out of poor job opportunities,  weakening health provision and unaffordable housing, however, with Brexit in force London will not only lose its identity as a global financial hub, but loss of banking jobs and disruption of region's financial stability will likely create severe depression that can only bring more pain.    Investment in the economy will suffer with a business's ability to set up shop in the UK and operate throughout the EU, reducing economic growth rates. Exports subject to EU tariffs will further restrict the ability of the UK to activate that trade engine. Government is likely to give in to new trade partners in an attempt to help growth businesses which will significantly impact manufacturing units such as steel plants.    Technically, Brexit is scheduled for 29 Mar 2019. If the rights of EU citizens in the UK and British nationals in the EU are handled well alongside Britain's financial obligations arising out of exit, the treaty will be executed leading to official exit of the UK from EU. However, UK will not have signed any trade agreements, either with the EU or with its other trade partners anytime before this date. Negotiations may take even 2 to 3 years post 2019, leading to complete chaos on its borders with long queues and delays in transit of the goods. Transportation and transit of people through British ports will be an even tougher issue to handle. Any measures taken by the British Government to avoid such an issue will revolve around Britain getting to use the EU accords for at least a year after 2019. This gives EU an edge as far as the current negotiations are concerned and Britain will have few options but to agree to most of the terms including a €100bn bill offered by EU. The EU’s chief negotiator Michel Barnier has warned that the size of the bill will be “incontestable”.   With Ireland remaining a part of EU, there will be a hard border drawn between UK and Ireland leading to a situation similar in many ways to India-Pakistan division of 1947. "Brexit upsets the apple cart," says Adrian Guelke, professor emeritus of comparative politics at Queen's University in Belfast. "It reopens the question of reunification of Ireland."   For an economy that built the model of capitalism, closing open borders in 21st century seems a bit like giving in  to Marxism. Surely, for the good of the people of the  United Kingdom, principles of free economy and the age of entrepreneurship, it is now a time to call a halt to Brexit and think again about how best to respect the will of the people which was only marginally in the favor of the unrealizable gain and upcoming pain.            
    281 Posted by Expert Advisor
  • EU’s €100bn demand to settle Britain’s exit dues has restarted the debate and analysis much run before the referendum, that gave in to protectionism with David Cameroon resigning after Britain voted to separate from EU.    The media is full of its review on the leak and its analysis of the divorce bill, but the bigger question that needs to be reconsidered is whether Brits will be paying for the gains or for the pains of redrawing borders.  Sentiment of British were drawn out of poor job opportunities,  weakening health provision and unaffordable housing, however, with Brexit in force London will not only lose its identity as a global financial hub, but loss of banking jobs and disruption of region's financial stability will likely create severe depression that can only bring more pain.    Investment in the economy will suffer with a business's ability to set up shop in the UK and operate throughout the EU, reducing economic growth rates. Exports subject to EU tariffs will further restrict the ability of the UK to activate that trade engine. Government is likely to give in to new trade partners in an attempt to help growth businesses which will significantly impact manufacturing units such as steel plants.    Technically, Brexit is scheduled for 29 Mar 2019. If the rights of EU citizens in the UK and British nationals in the EU are handled well alongside Britain's financial obligations arising out of exit, the treaty will be executed leading to official exit of the UK from EU. However, UK will not have signed any trade agreements, either with the EU or with its other trade partners anytime before this date. Negotiations may take even 2 to 3 years post 2019, leading to complete chaos on its borders with long queues and delays in transit of the goods. Transportation and transit of people through British ports will be an even tougher issue to handle. Any measures taken by the British Government to avoid such an issue will revolve around Britain getting to use the EU accords for at least a year after 2019. This gives EU an edge as far as the current negotiations are concerned and Britain will have few options but to agree to most of the terms including a €100bn bill offered by EU. The EU’s chief negotiator Michel Barnier has warned that the size of the bill will be “incontestable”.   With Ireland remaining a part of EU, there will be a hard border drawn between UK and Ireland leading to a situation similar in many ways to India-Pakistan division of 1947. "Brexit upsets the apple cart," says Adrian Guelke, professor emeritus of comparative politics at Queen's University in Belfast. "It reopens the question of reunification of Ireland."   For an economy that built the model of capitalism, closing open borders in 21st century seems a bit like giving in  to Marxism. Surely, for the good of the people of the  United Kingdom, principles of free economy and the age of entrepreneurship, it is now a time to call a halt to Brexit and think again about how best to respect the will of the people which was only marginally in the favor of the unrealizable gain and upcoming pain.            
    May 03, 2017 281
  • 24 Apr 2017
    Demonetization: A blessing in disguise or vice versa From a high end business man to a housewife in the village, everybody was taken by surprise on the evening of 8th November 2016, when the government announced that Rs.500 and Rs.1000 notes would no longer be accepted as a legal tender. The tremors of the news could be felt in the stock market as well when the BSE, SENSEX and NIFTY 50 fell approximately by 6%. The notes accounted for about 86% of the total currency in circulation and washing them out of the economy to curb the “black money” was really a big step taken by the government. So how has the Indian economy moulded after demonetisation; is the balance between the related costs and benefits yet to be established? One of the major benefits are improved tax collections, authorities have reported that the tax collection increased by 268% in November 2016. People disclosed their income by depositing the money into the bank account and the unrecorded wealth caught the eye of the IT department. When the news of demonetisation spread, banks were the one who had the most testing time. From long lines, overworked employees to hyper customers they had to handle everything. But now as the effects have subdued the banking industry is seeing some improvements, according to the recent data published by the RBI deposits rose from about 13.9%. As now the excess money is directed towards the banks, they will be able to lend funds at a cheaper borrowing rate. This will result in easy access to credit facilities and increased financial inclusion. However demonetisation has certainly affected the repayment capability of small loan holders and frequency of stressed loans has risen by 100 basis points. If we talk about the investments, equity is a promising area where people can invest as a clean economy and increased deposits will result in a north headed growth rate. Although initially hit by the news, equity has strong KYC norms and we can follow the digitalised money trail to track the investment and for IT related purposes. This promises good returns in the long run. Gold on the other hand has not welcomed demonetization as the transactions will receive a sharp eye from the IT department. This may force the prices to decrease in the long term. Among all the restructuring, the growth rate certainly got impacted, IMF reduced the growth rate of India from 7.6% to 6.6%. The reasons were pretty clear as cash spending accounted for around 80-90% of the transactions. The move will certainly curb the black money market, human trafficking, terrorism funding and other illegal activities. It will also ensure that financial inclusion and digitalisation of the economy takes place at a good pace. SBI reported that during the period of demonetisation it opened 50000 bank accounts per day. The above factors will certainly benefit the country. But due to the hard hit on the informal sector like agriculture, mom-pop stores etc. which employs majority of the population, it will take some time to recover. The government must ensure supportive actions such as less complicated taxation system, strict laws regarding malpractices, ensuring equitable distribution of resources etc. to help the weaker sections cope up with the sudden change. Although demonetization has been a strong storm but now as it has subsided, we can turn it into the wind of our development.  
    366 Posted by tanushree singh
  • Demonetization: A blessing in disguise or vice versa From a high end business man to a housewife in the village, everybody was taken by surprise on the evening of 8th November 2016, when the government announced that Rs.500 and Rs.1000 notes would no longer be accepted as a legal tender. The tremors of the news could be felt in the stock market as well when the BSE, SENSEX and NIFTY 50 fell approximately by 6%. The notes accounted for about 86% of the total currency in circulation and washing them out of the economy to curb the “black money” was really a big step taken by the government. So how has the Indian economy moulded after demonetisation; is the balance between the related costs and benefits yet to be established? One of the major benefits are improved tax collections, authorities have reported that the tax collection increased by 268% in November 2016. People disclosed their income by depositing the money into the bank account and the unrecorded wealth caught the eye of the IT department. When the news of demonetisation spread, banks were the one who had the most testing time. From long lines, overworked employees to hyper customers they had to handle everything. But now as the effects have subdued the banking industry is seeing some improvements, according to the recent data published by the RBI deposits rose from about 13.9%. As now the excess money is directed towards the banks, they will be able to lend funds at a cheaper borrowing rate. This will result in easy access to credit facilities and increased financial inclusion. However demonetisation has certainly affected the repayment capability of small loan holders and frequency of stressed loans has risen by 100 basis points. If we talk about the investments, equity is a promising area where people can invest as a clean economy and increased deposits will result in a north headed growth rate. Although initially hit by the news, equity has strong KYC norms and we can follow the digitalised money trail to track the investment and for IT related purposes. This promises good returns in the long run. Gold on the other hand has not welcomed demonetization as the transactions will receive a sharp eye from the IT department. This may force the prices to decrease in the long term. Among all the restructuring, the growth rate certainly got impacted, IMF reduced the growth rate of India from 7.6% to 6.6%. The reasons were pretty clear as cash spending accounted for around 80-90% of the transactions. The move will certainly curb the black money market, human trafficking, terrorism funding and other illegal activities. It will also ensure that financial inclusion and digitalisation of the economy takes place at a good pace. SBI reported that during the period of demonetisation it opened 50000 bank accounts per day. The above factors will certainly benefit the country. But due to the hard hit on the informal sector like agriculture, mom-pop stores etc. which employs majority of the population, it will take some time to recover. The government must ensure supportive actions such as less complicated taxation system, strict laws regarding malpractices, ensuring equitable distribution of resources etc. to help the weaker sections cope up with the sudden change. Although demonetization has been a strong storm but now as it has subsided, we can turn it into the wind of our development.  
    Apr 24, 2017 366
  • 24 Apr 2017
    April 13, 2017 was earmarked as an important date for the Indian history as the country moved a step closer to one of the biggest reforms related to indirect taxation. Goods and Services Tax in India is being introduced to merge the different indirect taxes related to manufacturing, sales, and consumption of both goods and services into one common umbrella tax called GST. Both state and central government would levy GST concurrently on a common basis. This article talks about the head side i.e. potential benefits from GST and the tail side which will be related to the related threats. What are the benefits we will get from GST, is it really going to make a positive difference? GST will reduce the administrative and compliance cost drastically as it will merge around 17 indirect taxes. Specifically retailers who operate PAN India will be saved from the trouble of paying different tax multiple times.   Removal of cascading effect of tax; due to the existing system sometimes the vendor pays the tax on the goods or service and the consumer also pays tax on the same which often resulted in increased prices. This results in double taxation. Due to a single tax, articles and services would not be taxed multiple times.   It is expected that implementation of GST will increase our GDP by 2% i.e. India will gain $15 billion a year. This will be a result of increased growth, increased exports and employment generation due to creation of a unified market and seamless movement of goods and services.   Most of the foreign venture are fearful of the complicated Indian tax structure and various legal compliances that the business needs to fulfil. GST will make the process simpler, which will result in increased flow of FII and FDI in the country.   For the government it would be easier to monitor the tax payers and track the channels that people use for tax evasions. As the system of tax collection is the based on point of consumption like VAT, it would be an ease for both tax payer and the collector. Due to some reasons we are sceptical about GST, i.e. the tail side of the coin. Will GST deliver according to the expectations or it will make the situation more complicated? The GST is divided into three parts i.e. CGST, SGST and IGST which will have a similar effect as we gave now with the existence of multiple taxes moreover 3 returns per month for GST will lead to 36 returns per year people are expecting it to be an old wine in a new bottle. Multiple registration is required under each state, if a retailer operates in 10 states he will have to register for 10 SGST separately. This challenges the ease of operation claim of the act. Petroleum products are not covered under GST and will still continue to be taxed as per the old system. This may not avoid price rise and cascading effects of taxation. Such a system indicates some major compromises in the Act. There may be a potential conflict between the state and central government as the GST will replace many of the state owned indirect taxes like VAT etc. so they may feel that the state revenue is being endangered through introduction of GST. This may end up mismatch between the state revenue and expenditure.   The government certainly has the motive of making things easier for the people as well as the businesses, but are they too optimistic or it’s just a matter of the old taxation system under a new name. It’s all in the bag of future to tell. But it is for sure that we are about to witness one of the major turnarounds in the economy, good or bad we don’t know.
    340 Posted by tanushree singh
  • April 13, 2017 was earmarked as an important date for the Indian history as the country moved a step closer to one of the biggest reforms related to indirect taxation. Goods and Services Tax in India is being introduced to merge the different indirect taxes related to manufacturing, sales, and consumption of both goods and services into one common umbrella tax called GST. Both state and central government would levy GST concurrently on a common basis. This article talks about the head side i.e. potential benefits from GST and the tail side which will be related to the related threats. What are the benefits we will get from GST, is it really going to make a positive difference? GST will reduce the administrative and compliance cost drastically as it will merge around 17 indirect taxes. Specifically retailers who operate PAN India will be saved from the trouble of paying different tax multiple times.   Removal of cascading effect of tax; due to the existing system sometimes the vendor pays the tax on the goods or service and the consumer also pays tax on the same which often resulted in increased prices. This results in double taxation. Due to a single tax, articles and services would not be taxed multiple times.   It is expected that implementation of GST will increase our GDP by 2% i.e. India will gain $15 billion a year. This will be a result of increased growth, increased exports and employment generation due to creation of a unified market and seamless movement of goods and services.   Most of the foreign venture are fearful of the complicated Indian tax structure and various legal compliances that the business needs to fulfil. GST will make the process simpler, which will result in increased flow of FII and FDI in the country.   For the government it would be easier to monitor the tax payers and track the channels that people use for tax evasions. As the system of tax collection is the based on point of consumption like VAT, it would be an ease for both tax payer and the collector. Due to some reasons we are sceptical about GST, i.e. the tail side of the coin. Will GST deliver according to the expectations or it will make the situation more complicated? The GST is divided into three parts i.e. CGST, SGST and IGST which will have a similar effect as we gave now with the existence of multiple taxes moreover 3 returns per month for GST will lead to 36 returns per year people are expecting it to be an old wine in a new bottle. Multiple registration is required under each state, if a retailer operates in 10 states he will have to register for 10 SGST separately. This challenges the ease of operation claim of the act. Petroleum products are not covered under GST and will still continue to be taxed as per the old system. This may not avoid price rise and cascading effects of taxation. Such a system indicates some major compromises in the Act. There may be a potential conflict between the state and central government as the GST will replace many of the state owned indirect taxes like VAT etc. so they may feel that the state revenue is being endangered through introduction of GST. This may end up mismatch between the state revenue and expenditure.   The government certainly has the motive of making things easier for the people as well as the businesses, but are they too optimistic or it’s just a matter of the old taxation system under a new name. It’s all in the bag of future to tell. But it is for sure that we are about to witness one of the major turnarounds in the economy, good or bad we don’t know.
    Apr 24, 2017 340
  • 31 Jul 2016
    15th July 2016 saw one of the most hyped coup d’etat. One of the most adverse effects of the failed coup attempt in Turkey is that the Turkish Authorities will disband the elite presidential guards. The guards comprised of a regiment of 25000 people, out of which at least 300 of its members were detained after the Turkish coup failure. Although the person who seems to have been benefitted the most out of this havoc, is President Erdogan. The failure of the military coup shall only result in solidifying his power manifold. Erdogan can now adequately take advantage of the situation and try to exercise his power by bending the constitution to his advantage. This spells a doomsday for his opponents including those in the military. Yet, situation might turn out to be tricky for Erdogan as well, for if he tries to be over zealous, there is always a possibility that he may end up endangering the future of his own political party and his political career. The coup was organized quite in haste by the Turkish government to establish control and order, after a night of unprecedented chaos that left hundreds dead. As it was already clear by the next day noon that the participants of the coup were still able to challenge the government and many sensed an upcoming failure. The primary reason behind this failure was that the coup was apparently not well organized and lacked support from even the opposition parties in Turkey. Even the pro-Kurdish opposition voiced a strong disapproval of this coup attempt. Some have also contended that it was a part of Erdogan’s political trick to secure his power, yet there is no evidence as of now that stands sufficient to prove that he was in any way lined to it. The motive for this attempt can be panoramic. Erdogan’s several attempts to splurge the country’s military brass and also the secular elements of the Turkish Military were never at ease with his domestic and regional policies. Yet, to pin-point the plotters of this coup would be blasphemous. Again, to comment on the movement behind this coup attempt is too early as it is sufficiently clear that the top leaders of the Turkish Military was definitely not the one that instigated it, as it would have resulted in the immediate arrest of top civilian leaders of the government. Erdogan’s reaction to this attempt came through the FaceTime app on an I-phone. He declared, “We will overcome this”, as a CNN Turk anchor urged his supports to protest the attempts to overthrow him from his position in the Government. Erdogan clearly expressed a strong disapproval of such a failed act and claimed to bring to bars of all those who were responsible behind this. The president also mentioned that the faction leaders shall pay a “heavy price”. The Independent reported that Erdogan is taking an extreme measure that includes firing over 2000 judges. The entire judicial system is taken by the President in an attempt to rectify the damages done by this coup attempt. Although, Erdogan made it decisively clear that another coup attempt might take place at any time. Turkey has been affected at every institutional level by this failure. Around 50,000 soldiers, police, judges, teachers and even civil servants were suspended or detained. There has been an atmosphere of profound tension across this county that houses more than 80 million people and which is also a Western ally against the Islamic state. Prime minister, Yildirim announced that the government can no longer allege a state within a state controlled by the followers of FethullahGulen. U.S President, Obama engaged in the discussion of this coup and urged the Turkish Government to pursue those responsible for this as soon as possible.
    284 Posted by Expert Advisor
  • 15th July 2016 saw one of the most hyped coup d’etat. One of the most adverse effects of the failed coup attempt in Turkey is that the Turkish Authorities will disband the elite presidential guards. The guards comprised of a regiment of 25000 people, out of which at least 300 of its members were detained after the Turkish coup failure. Although the person who seems to have been benefitted the most out of this havoc, is President Erdogan. The failure of the military coup shall only result in solidifying his power manifold. Erdogan can now adequately take advantage of the situation and try to exercise his power by bending the constitution to his advantage. This spells a doomsday for his opponents including those in the military. Yet, situation might turn out to be tricky for Erdogan as well, for if he tries to be over zealous, there is always a possibility that he may end up endangering the future of his own political party and his political career. The coup was organized quite in haste by the Turkish government to establish control and order, after a night of unprecedented chaos that left hundreds dead. As it was already clear by the next day noon that the participants of the coup were still able to challenge the government and many sensed an upcoming failure. The primary reason behind this failure was that the coup was apparently not well organized and lacked support from even the opposition parties in Turkey. Even the pro-Kurdish opposition voiced a strong disapproval of this coup attempt. Some have also contended that it was a part of Erdogan’s political trick to secure his power, yet there is no evidence as of now that stands sufficient to prove that he was in any way lined to it. The motive for this attempt can be panoramic. Erdogan’s several attempts to splurge the country’s military brass and also the secular elements of the Turkish Military were never at ease with his domestic and regional policies. Yet, to pin-point the plotters of this coup would be blasphemous. Again, to comment on the movement behind this coup attempt is too early as it is sufficiently clear that the top leaders of the Turkish Military was definitely not the one that instigated it, as it would have resulted in the immediate arrest of top civilian leaders of the government. Erdogan’s reaction to this attempt came through the FaceTime app on an I-phone. He declared, “We will overcome this”, as a CNN Turk anchor urged his supports to protest the attempts to overthrow him from his position in the Government. Erdogan clearly expressed a strong disapproval of such a failed act and claimed to bring to bars of all those who were responsible behind this. The president also mentioned that the faction leaders shall pay a “heavy price”. The Independent reported that Erdogan is taking an extreme measure that includes firing over 2000 judges. The entire judicial system is taken by the President in an attempt to rectify the damages done by this coup attempt. Although, Erdogan made it decisively clear that another coup attempt might take place at any time. Turkey has been affected at every institutional level by this failure. Around 50,000 soldiers, police, judges, teachers and even civil servants were suspended or detained. There has been an atmosphere of profound tension across this county that houses more than 80 million people and which is also a Western ally against the Islamic state. Prime minister, Yildirim announced that the government can no longer allege a state within a state controlled by the followers of FethullahGulen. U.S President, Obama engaged in the discussion of this coup and urged the Turkish Government to pursue those responsible for this as soon as possible.
    Jul 31, 2016 284
  • 31 Jul 2016
    Obama beganhis speech by recalling the very fact that eight years ago he was addressing this same convention for the very first time. He clearly expressed his desire for an even more optimistic future of America in the hands of Hillary Clinton. With this speech, he effectively ended the 2016 Democratic nominating process and will start campaigning with her from the very next week onwards. The most striking element of this speech was that Obama drew the reference to the May 2011 raid that killed Osama bin Laden, which was apparently supported by Clinton while some of his security advisors were skeptical about her decisions. The president proceeded to state that he has been a witness to her dexterous judgments and her determination to provide every American with equal opportunity. Clinton, herself has mentioned about the daredevil raid while campaigning, numerous times, with an objective to undercut Sander’s national security plans. The video of the endorsement, was released just after Obama’s official meeting with Clinton’s challenger, Bernie Sanders, where he was heard stating “I know how hard this job can be…that is why I know Hillary will be so good at this. In fact, I don’t think there has been someone so qualified to hold this office”. His appreciation for Clinton to be the perfect presidential candidate was palpably visible throughout the speech. First reported by the Washington Post, this endorsement vividly expresses Obama’s faith on Clinton to lead America on its way to victory. Although, Clinton and Obama were staunch contenders in the bitterly fought 2008 primary campaign of the presidential election, the latter seems to have joined hands with her to defeat the then presumptive nominee, Donald Trump. Obama further stated that he has been a testimony to her judgmental capabilities and strong will and promises do all he can to beat Trump and secure her victory in November. Obama also expressed his gratitude to Saunders, for his hard fought campaign, stating that both Saunders and Clinton are patriots who love their motherland. Obama already met the Vermont senator at the White House earlier, where the senator although not quite ready to quit his campaign but gave a clear sign that he will team up with Clinton against Trump. The White House, on the other hand, was quick enough to generate a response concerning Obama’s iconic endorsement. Earnest commented on Obama’s remark that suggested Clinton’s resume to beundoubtedly the most qualified among the general election candidates, exception only to some presidents who served for eight years as vice president, like Bush. The entire White House, ranging from national security to the economy has made it significantly clear that they are ready to test the president’s choice and Clinton’s experience to as a defender against Trump’s hollow promises and assurances. Obama and Saunders will engage in a joint venture that will supposedly help the Democratic nominee to have an edge over young voters. In another turn of affairs, the Massachusetts’ senator, Elizabeth Warren, is all geared up to endorse Clinton as she is seen to appreciate Clinton’s efforts of unifying the party. Warren, who has been repeatedly mentioned to be the possible vice-president, although in many ways is politically supportive of Sanders, could help Clinton please the party’s liberal wing. Obama, in keeping up with the recent tradition of presidential endorsements after the end of primary process, has let out one of the biggest kept secrets of the White House. Full of enthusiastic vigor to promote and cultivate the spirit of nationalism in America, Obama is all set to hand over the presidential baton to Clinton.
    243 Posted by Expert Advisor
  • Obama beganhis speech by recalling the very fact that eight years ago he was addressing this same convention for the very first time. He clearly expressed his desire for an even more optimistic future of America in the hands of Hillary Clinton. With this speech, he effectively ended the 2016 Democratic nominating process and will start campaigning with her from the very next week onwards. The most striking element of this speech was that Obama drew the reference to the May 2011 raid that killed Osama bin Laden, which was apparently supported by Clinton while some of his security advisors were skeptical about her decisions. The president proceeded to state that he has been a witness to her dexterous judgments and her determination to provide every American with equal opportunity. Clinton, herself has mentioned about the daredevil raid while campaigning, numerous times, with an objective to undercut Sander’s national security plans. The video of the endorsement, was released just after Obama’s official meeting with Clinton’s challenger, Bernie Sanders, where he was heard stating “I know how hard this job can be…that is why I know Hillary will be so good at this. In fact, I don’t think there has been someone so qualified to hold this office”. His appreciation for Clinton to be the perfect presidential candidate was palpably visible throughout the speech. First reported by the Washington Post, this endorsement vividly expresses Obama’s faith on Clinton to lead America on its way to victory. Although, Clinton and Obama were staunch contenders in the bitterly fought 2008 primary campaign of the presidential election, the latter seems to have joined hands with her to defeat the then presumptive nominee, Donald Trump. Obama further stated that he has been a testimony to her judgmental capabilities and strong will and promises do all he can to beat Trump and secure her victory in November. Obama also expressed his gratitude to Saunders, for his hard fought campaign, stating that both Saunders and Clinton are patriots who love their motherland. Obama already met the Vermont senator at the White House earlier, where the senator although not quite ready to quit his campaign but gave a clear sign that he will team up with Clinton against Trump. The White House, on the other hand, was quick enough to generate a response concerning Obama’s iconic endorsement. Earnest commented on Obama’s remark that suggested Clinton’s resume to beundoubtedly the most qualified among the general election candidates, exception only to some presidents who served for eight years as vice president, like Bush. The entire White House, ranging from national security to the economy has made it significantly clear that they are ready to test the president’s choice and Clinton’s experience to as a defender against Trump’s hollow promises and assurances. Obama and Saunders will engage in a joint venture that will supposedly help the Democratic nominee to have an edge over young voters. In another turn of affairs, the Massachusetts’ senator, Elizabeth Warren, is all geared up to endorse Clinton as she is seen to appreciate Clinton’s efforts of unifying the party. Warren, who has been repeatedly mentioned to be the possible vice-president, although in many ways is politically supportive of Sanders, could help Clinton please the party’s liberal wing. Obama, in keeping up with the recent tradition of presidential endorsements after the end of primary process, has let out one of the biggest kept secrets of the White House. Full of enthusiastic vigor to promote and cultivate the spirit of nationalism in America, Obama is all set to hand over the presidential baton to Clinton.
    Jul 31, 2016 243
  • 31 Jul 2016
    With the longest duration of election and an addition of 100 million voters since the last one, on May 26, 2014, history was created. The world witnessed the biggest general election being conducted in India. BhartiyaJantaParty (BJP) magnificently won 51.9% of the 336 seats won by the National Democratic Alliance making it the most fabulous win of general elections of all times. With this victory, came into picture, our current Prime Minster, Mr. Narendra Modi, the longest serving CM of Gujarat, being appointed as the Prime Minister of India, who is now in the third year of his reign. Not long after he solemnly swore to the oath of secrecy, he jumped straight to work. Within two years of his service, he has strived hard to prove he was the fittest contestant for the chair the people of India voted for. With a number of his schemes (PM Jan DhanYojana, Make in India, his Foreign Policy Initiatives, and many others) successfully being implemented, he became a reflection of the many hopes and aspirations the millions of Indian population had on him. Modi won by majority of the votes in the general elections of the year 2014 but the only glitch that remained was about those votes of the minority that were not in his share. While his period as the Chief Minister of Gujarat, Modi had to deal with the Hindu-Muslim riots in the state. Being a representative of BJP, a ‘Hindutva’ committed political party which has always put forth the thoughts of a Hindu nationalist; Modi suffered the consequences of not receiving followers from the Muslim percentage of the society. This issue only remained limited within the boundaries of Gujarat until the BJP contested for the general elections for the PM of India which expanded thesetback to every state with little or large proportions of Muslims. India has the second largest Muslim population in the world which is about 14% of Indian people that is a huge decisive factor of results. Uttar Pradesh and Bihar are the two states where the percentage of Muslims is 18% of about 200 million people and 16.5% of approximately 100 million people respectively. The two states also have a hand over 120 seats in total, that is the sum of 80 seats of UP and 40 seats of Bihar. Winning over the Muslims of these two states can provide sure shot chances of succeeding. In their last attempt, the BJP left no stone unturned when it came to luring the minority of the two 120-seats-owning states. In order to win again, they should practice to do the same. Though this time, they will have enough evidences to support their claim. Any citizen of India agrees to the fact that after the Modi wave hit the Indian shore, there was immense improvement in the economy of the country. With better basic amenities (food, shelter, health and education) being provided to the needy and better job opportunities being offered to the unemployed, Modi did change the circumstances to better. If the BJP presents a clearer picture of whatthey have achieved and what they further aim to achieve tables might turn in their favour, but this is not the only factor we are considering as there will be other rivals which will be using BJP’s drawbacks as their USPs. In only three years from today, we will witness another set of general elections being conducted in the year 2019, but what we are more concerned about is the fact that, will we see the same man who is sitting on the PM’s chair today then as well? No one has a firm answer to this question. Maybe the 2014 general elections were just a one hit wonder or maybe the world will witness a larger history being made. What we can contemplate from the facts is that the BJP will have to repeat the same tactic of making alliances yet again to increase their number ofseats in these elections too.
    232 Posted by Expert Advisor
  • With the longest duration of election and an addition of 100 million voters since the last one, on May 26, 2014, history was created. The world witnessed the biggest general election being conducted in India. BhartiyaJantaParty (BJP) magnificently won 51.9% of the 336 seats won by the National Democratic Alliance making it the most fabulous win of general elections of all times. With this victory, came into picture, our current Prime Minster, Mr. Narendra Modi, the longest serving CM of Gujarat, being appointed as the Prime Minister of India, who is now in the third year of his reign. Not long after he solemnly swore to the oath of secrecy, he jumped straight to work. Within two years of his service, he has strived hard to prove he was the fittest contestant for the chair the people of India voted for. With a number of his schemes (PM Jan DhanYojana, Make in India, his Foreign Policy Initiatives, and many others) successfully being implemented, he became a reflection of the many hopes and aspirations the millions of Indian population had on him. Modi won by majority of the votes in the general elections of the year 2014 but the only glitch that remained was about those votes of the minority that were not in his share. While his period as the Chief Minister of Gujarat, Modi had to deal with the Hindu-Muslim riots in the state. Being a representative of BJP, a ‘Hindutva’ committed political party which has always put forth the thoughts of a Hindu nationalist; Modi suffered the consequences of not receiving followers from the Muslim percentage of the society. This issue only remained limited within the boundaries of Gujarat until the BJP contested for the general elections for the PM of India which expanded thesetback to every state with little or large proportions of Muslims. India has the second largest Muslim population in the world which is about 14% of Indian people that is a huge decisive factor of results. Uttar Pradesh and Bihar are the two states where the percentage of Muslims is 18% of about 200 million people and 16.5% of approximately 100 million people respectively. The two states also have a hand over 120 seats in total, that is the sum of 80 seats of UP and 40 seats of Bihar. Winning over the Muslims of these two states can provide sure shot chances of succeeding. In their last attempt, the BJP left no stone unturned when it came to luring the minority of the two 120-seats-owning states. In order to win again, they should practice to do the same. Though this time, they will have enough evidences to support their claim. Any citizen of India agrees to the fact that after the Modi wave hit the Indian shore, there was immense improvement in the economy of the country. With better basic amenities (food, shelter, health and education) being provided to the needy and better job opportunities being offered to the unemployed, Modi did change the circumstances to better. If the BJP presents a clearer picture of whatthey have achieved and what they further aim to achieve tables might turn in their favour, but this is not the only factor we are considering as there will be other rivals which will be using BJP’s drawbacks as their USPs. In only three years from today, we will witness another set of general elections being conducted in the year 2019, but what we are more concerned about is the fact that, will we see the same man who is sitting on the PM’s chair today then as well? No one has a firm answer to this question. Maybe the 2014 general elections were just a one hit wonder or maybe the world will witness a larger history being made. What we can contemplate from the facts is that the BJP will have to repeat the same tactic of making alliances yet again to increase their number ofseats in these elections too.
    Jul 31, 2016 232
  • 31 Jul 2016
    Rio is all set to host the 2016 Summer Olympics, becoming one of the first South American countries to have received the honour to do so. Being a host to a great number of countries and organizing a great number of games and sports, the events are said to be organized in thirty-three different venues in Rio and five other locations in different cities of Brazil. With 5th of Augustround the corner, the thrill and excitement is only getting bigger and larger with passing time. The opening of the Olympics are always grand and not worth missing. With the spirit of celebration, Olympic Games respect patriotism and sportsmanship at the same time. While, there is a huge buzz of the grandeur that Olympics has brought in Rio, there are other news that share the headlines with it. When most of us are eager to look at all the fireworks on 5th August, some are dejected for not being allowed to make it to Rio. Recently, the World Anti Doping Agency (WADA) has suggested to prohibit not a few but a large number of Russian athletes to participate in the 2016 Summer Olympics on charges of doping. From weightlifters to cyclists to swimmers, all were accused of using unfair means and have been  restricted. The International Association of Athletics Federations (IAAF) has added 44 more track and field athletes in a list of 67 banned track and field athletes. Famous names who have won titles and medals in previous Olympics have been restricted as well, some of which include, YuliaEfimova, who won a Bronze in 200m breaststroke, Vladimir Morozov, who won again a Bronze in 4x100 freestyle relay in the 2012 London Championship and Nikita Lobintsev who won a silver in the free style relay in the Bejing Olympics. The list does not stop with these names; it goes on as only 272 of the 387 athletes have been declared clear to participate in the 2016 Olympics in Rio. This denial in participation due to alleged charges of doping on the Russian athletes is believed to be a curtain in order to conceal the on-going cold war. This is not the first time that Russia is playing this game. It has actively and equally given back what it has received and history is proof. In 1980, when the US, Canada and the other European countries embargoed the Moscow Olympics, it very well got back on them by boycotting the Los Angeles Games in the year 1984. This maybe just one of the many tricks played in the cold war game. People have started wondering if the athletes themselves are carrying manipulated urine tests to keep them away from participating. Purposely not allowing the athletes to participate because of a cold war brewing along for years is absurd as we tend to lose on the main objective of organizing international sports events, which is nothing but creating harmony and celebrating sports. This makes sportsmen feel miserable as they are bisected. One half of their body serves the country and the other pursues what they loved the most that is sports. The first half denies the second half’s right to do what it loves the most. Wars and cold wars should be dealt in different platforms and should leave alone the genre of sports from any tactful, offensive and violated move. We can just hope this issue resolves soon and every sportsman rejoices in the spirit of sportsmanship when the 2016 Summer Olympic Games commence from the next week.
    329 Posted by Expert Advisor
  • Rio is all set to host the 2016 Summer Olympics, becoming one of the first South American countries to have received the honour to do so. Being a host to a great number of countries and organizing a great number of games and sports, the events are said to be organized in thirty-three different venues in Rio and five other locations in different cities of Brazil. With 5th of Augustround the corner, the thrill and excitement is only getting bigger and larger with passing time. The opening of the Olympics are always grand and not worth missing. With the spirit of celebration, Olympic Games respect patriotism and sportsmanship at the same time. While, there is a huge buzz of the grandeur that Olympics has brought in Rio, there are other news that share the headlines with it. When most of us are eager to look at all the fireworks on 5th August, some are dejected for not being allowed to make it to Rio. Recently, the World Anti Doping Agency (WADA) has suggested to prohibit not a few but a large number of Russian athletes to participate in the 2016 Summer Olympics on charges of doping. From weightlifters to cyclists to swimmers, all were accused of using unfair means and have been  restricted. The International Association of Athletics Federations (IAAF) has added 44 more track and field athletes in a list of 67 banned track and field athletes. Famous names who have won titles and medals in previous Olympics have been restricted as well, some of which include, YuliaEfimova, who won a Bronze in 200m breaststroke, Vladimir Morozov, who won again a Bronze in 4x100 freestyle relay in the 2012 London Championship and Nikita Lobintsev who won a silver in the free style relay in the Bejing Olympics. The list does not stop with these names; it goes on as only 272 of the 387 athletes have been declared clear to participate in the 2016 Olympics in Rio. This denial in participation due to alleged charges of doping on the Russian athletes is believed to be a curtain in order to conceal the on-going cold war. This is not the first time that Russia is playing this game. It has actively and equally given back what it has received and history is proof. In 1980, when the US, Canada and the other European countries embargoed the Moscow Olympics, it very well got back on them by boycotting the Los Angeles Games in the year 1984. This maybe just one of the many tricks played in the cold war game. People have started wondering if the athletes themselves are carrying manipulated urine tests to keep them away from participating. Purposely not allowing the athletes to participate because of a cold war brewing along for years is absurd as we tend to lose on the main objective of organizing international sports events, which is nothing but creating harmony and celebrating sports. This makes sportsmen feel miserable as they are bisected. One half of their body serves the country and the other pursues what they loved the most that is sports. The first half denies the second half’s right to do what it loves the most. Wars and cold wars should be dealt in different platforms and should leave alone the genre of sports from any tactful, offensive and violated move. We can just hope this issue resolves soon and every sportsman rejoices in the spirit of sportsmanship when the 2016 Summer Olympic Games commence from the next week.
    Jul 31, 2016 329
  • 27 May 2016
    Two years on, it is time to pop the question, can Narendra Modi deliver on his promises made and is he on the right track? Let us analyze this from multiple perspectives, viz. why Modi can deliver, why he can’t, under what circumstances can he deliver, and he can’t, and with a post-script on his government’s legitimate achievements till now. Connect the dots from these and take your own pick. Why Modi can deliver Works in mission-mode and has a knack of getting things done from the bureaucracy; is instinctively pro-business and industry, shuns populist measures, and like a typical Gujarati, believes a rupee saved is a rupee gained; is a workaholic clocking about 17-18 hours a day, incorruptible, and refuses to get diverted from his razor-sharp focus on the goals he has set for himself. Why Modi can’t deliver Is too heavily invested in himself; One-man shows win you votes, not performance, especially in terms of visible results people can see on the ground; Could become the victim of the unrealistic expectations he raised during his high-voltage speeches on the stump; is heavily dependent on the overall governance and development record of the State Governments, especially that of critical, large non-BJP ruled states like UP, West Bengal, Bihar and also Orissa. Also does not seem to have anyone in his close circles who has the guts to give him a reality check and recommend a course correction. Circumstances that would help Modi deliver Two reasonably good monsoon years in succession that will boost farm incomes and increase agriculture’s contribution to GDP. A turnaround in the global economy the US and Europe market. A sustained dip in oil prices, with improved exports, an appreciating rupee value, bringing down the pressure further on CAD (current account deficit). A substantial increase in manufacturing sector’s contribution to GDP riding on initiatives like Make in India, Skill India, Standup India, etc. This is particularly crucial because Services sector’s contribution has hit a trough while the share of the farm sector is receding and at best can only bring in peripheral gains. Circumstances hampering Modi’s delivery Continued stagnation in the global economy which will continue to keep our exports south-bound. Government (and Ministers) succumbing to the temptation to mistake slogans and PR for actual deliverables. An intransigent anti-Modi mainstream media choosing to deliberately not highlight the government’s achievements and play up depressing sentiments among the people. Hardliners in the BJP trying to hijack the Government’s agenda if things don’t improve in a year from now, on divisive and diversionary issues. Actually, the Modi government’s track record is promising, even impressive, but not actually visible: * The pace of road construction has shot up from 8.5 kilometres a day during 2013-14 to 17 km in 2015-16, and the construction of national highway (NH) projects increased nearly three-fold from 3,500 km in 2013-14 to 10,000 km in 2015-16. * In railways, the average rate of "expansion of tracks" has increased to 7.7 km per day from 4.3 km per day during the previous six years.  * In the power sector, the government has already distributed eight crore LED bulbs across 125 cities over a 12-month period. Plus, 28% of all un-electrified villages have been electrified. * Domestic coal production has increased by 9.2% over last year, with 466 MT produced by CIL in fiscal 2016, against targeted production of 1500 MT by 2020, an excellent achievement by any yardstick, and an impressive reduction in coal imports by 49% over last year. * The Direct Benefit Transfer (DBT) scheme, based on the Aadhaar model, has identified 16 million bogus ration cards and provides for more transparency and targeted identification of beneficiaries.  * About Rs 50,000 crore of indirect tax evasion and Rs 21,000 crore of undisclosed income has been unearthed in two years. * Based on a fully transparent and auction-based model for coal mines, the government was able to add more than Rs two lakh crores to its revenue basket. So all the pluses, minuses and the X factors are before you. You decide.
    314 Posted by Expert Advisor
  • Two years on, it is time to pop the question, can Narendra Modi deliver on his promises made and is he on the right track? Let us analyze this from multiple perspectives, viz. why Modi can deliver, why he can’t, under what circumstances can he deliver, and he can’t, and with a post-script on his government’s legitimate achievements till now. Connect the dots from these and take your own pick. Why Modi can deliver Works in mission-mode and has a knack of getting things done from the bureaucracy; is instinctively pro-business and industry, shuns populist measures, and like a typical Gujarati, believes a rupee saved is a rupee gained; is a workaholic clocking about 17-18 hours a day, incorruptible, and refuses to get diverted from his razor-sharp focus on the goals he has set for himself. Why Modi can’t deliver Is too heavily invested in himself; One-man shows win you votes, not performance, especially in terms of visible results people can see on the ground; Could become the victim of the unrealistic expectations he raised during his high-voltage speeches on the stump; is heavily dependent on the overall governance and development record of the State Governments, especially that of critical, large non-BJP ruled states like UP, West Bengal, Bihar and also Orissa. Also does not seem to have anyone in his close circles who has the guts to give him a reality check and recommend a course correction. Circumstances that would help Modi deliver Two reasonably good monsoon years in succession that will boost farm incomes and increase agriculture’s contribution to GDP. A turnaround in the global economy the US and Europe market. A sustained dip in oil prices, with improved exports, an appreciating rupee value, bringing down the pressure further on CAD (current account deficit). A substantial increase in manufacturing sector’s contribution to GDP riding on initiatives like Make in India, Skill India, Standup India, etc. This is particularly crucial because Services sector’s contribution has hit a trough while the share of the farm sector is receding and at best can only bring in peripheral gains. Circumstances hampering Modi’s delivery Continued stagnation in the global economy which will continue to keep our exports south-bound. Government (and Ministers) succumbing to the temptation to mistake slogans and PR for actual deliverables. An intransigent anti-Modi mainstream media choosing to deliberately not highlight the government’s achievements and play up depressing sentiments among the people. Hardliners in the BJP trying to hijack the Government’s agenda if things don’t improve in a year from now, on divisive and diversionary issues. Actually, the Modi government’s track record is promising, even impressive, but not actually visible: * The pace of road construction has shot up from 8.5 kilometres a day during 2013-14 to 17 km in 2015-16, and the construction of national highway (NH) projects increased nearly three-fold from 3,500 km in 2013-14 to 10,000 km in 2015-16. * In railways, the average rate of "expansion of tracks" has increased to 7.7 km per day from 4.3 km per day during the previous six years.  * In the power sector, the government has already distributed eight crore LED bulbs across 125 cities over a 12-month period. Plus, 28% of all un-electrified villages have been electrified. * Domestic coal production has increased by 9.2% over last year, with 466 MT produced by CIL in fiscal 2016, against targeted production of 1500 MT by 2020, an excellent achievement by any yardstick, and an impressive reduction in coal imports by 49% over last year. * The Direct Benefit Transfer (DBT) scheme, based on the Aadhaar model, has identified 16 million bogus ration cards and provides for more transparency and targeted identification of beneficiaries.  * About Rs 50,000 crore of indirect tax evasion and Rs 21,000 crore of undisclosed income has been unearthed in two years. * Based on a fully transparent and auction-based model for coal mines, the government was able to add more than Rs two lakh crores to its revenue basket. So all the pluses, minuses and the X factors are before you. You decide.
    May 27, 2016 314