European Union banks seek RBI approval for third-party transaction model https://www.ndtvprofit.com/business/indian-financial-regulators-not-to-give-in-to-europes-auditing-demands-report-3506303
Credit Agricole, Societe Generale, Deutsche Bank, BNP Paribas aim to resolve deadlock between their home authorities and Indian policymakers
The European banks face hurdles in trading Indian government bonds and derivatives since the European Securities and Markets Authority (ESMA) de-recognised the Clearing Corp of India (CCIL) in October 2022.
ESMA's decision resulted from the RBI's refusal to grant audit and inspection rights over CCIL, which oversees local government bond trading and ensures settlement.
India Will Not Let Europe Audit Domestic Financial Settlement Firms: Report https://www.ndtvprofit.com/business/indian-financial-regulators-not-to-give-in-to-europes-auditing-demands-report-3506303 NDTV Profit Desk 10 Nov 2022
Leaflet by Leaflet, a Few Aging Activists Fight India’s Tide of Bigotry https://www.nytimes.com/2024/05/28/world/asia/india-activists.html
As politicians stoke religious hatred online, these veterans of social causes deliver their messages in person: “Talk to each other. Don’t let anyone divide you.”
As Prime Minister Narendra Modi and his deputies have vilified the country’s minorities in a yearslong campaign that has escalated during the current national election, the small band of aging activists has built bridges and preached harmony between religious groups... More than three dozen human rights defenders, poets, journalists and opposition politicians face charges, including under antiterrorism laws, for criticizing Mr. Modi’s divisive policies, according to rights groups..... “Despite a crackdown, they are refusing to cow down, leading them to hold placards, distributing fliers, to revive a message that once was taken for granted.”
..
The space for activism may completely vanish, Ms. Verma said, as his party becomes increasingly intolerant of any scrutiny.
For now, she said, activists “are, sadly, just giving proof of our existence: that we may be demoralized, but we are still alive. Otherwise, hatred has seeped so deep it will take decades to rebuild trust.”
'Indian economy has rung 3 alarm bells, the new govt must deal with it within 100 days' https://youtu.be/fFH2No5Ebq0 29th May 2024 Sharad Raghavan
The new government should not be blinded by the strong GDP growth numbers that will come out at the end of this month. There are 3 economic alarm bells ringing, which need urgent attention, Deputy Editor TCA Sharad Raghavan argues in
https://theprint.in/opinion/standard-deviation/indian-economy-has-rung-3-alarm-bells-the-new-govt-must-deal-with-it-within-100-days/2104294/
Modi govt's GDP growth data for 2024-25, expected this month, must not overwhelm the senses of the new government that comes to power in June.
The first alarm bell is the sheer exuberance in the stock markets. Speak to any analyst, and they will tell you it is being driven by investments in small and mid-cap stocks. That is, small investors are putting their money in small — and often volatile — stocks.
second alarm bell. People taking loans for survival. data from the central bank shows that these loans are still growing at strong double-digit rates. These are not loans to buy houses, cars, or appliances. These are also not education-related loans. These are credit card spends, and desperate loans taken for what the RBI classifies as ‘other personal loans’ but which are, in actuality, loans for survival.
third alarm bell, is foreign direct investment into the country.FDI has been falling for a few years now, as has India’s share in global FDI, which shows foreign companies are increasingly choosing other countries. One of the major reasons is difficulty in procuring land and dealing with India’s labour.
The solutions? The first is for the Centre to repair its increasingly fractured relationship with the states. State governments must remember that FDI might be tracked at a national level, but it actually comes to the states. There are huge economic benefits to working cohesively with the Centre on attracting more foreign investment instead of treating it as attracting investment despite the Centre
The other two solutions are to do with land and labour, both issues that have plagued India’s economy for decades. Procuring land needs to be easier, and hiring labour less fraught
21 int'l bodies ask CJI for early resolution of Adani coal imports case https://www.business-standard.com/companies/news/21-int-l-bodies-ask-cji-for-early-resolution-of-adani-coal-imports-case-124052400702_1.html 27 May 2024
Contending that they stand firmly against the continued use of fossil fuels, the organisations said the Financial Times report provided fresh and detailed evidence of the passing off of "low-quality coal as far more expensive cleaner fuel" by the Adani Group in transactions with Tamil Nadu's Tangedco.
While the Adani Group has denied all allegations, the news report has been cited by opposition leaders, including former Congress chief Rahul Gandhi, to demand a joint parliamentary committee probe into the alleged wrongdoing.
for full text of letter see: https://thewire.in/rights/profits-at-the-expense-of-air-quality-21-global-ngos-urge-cji-to-expedite-adani-case-resolution The letter cited the apex court’s judgment in M.K. Ranjitsinh and Others v. Union of India, saying that India’s commitment to transitioning to non-fossil-fuels was “not just a strategic energy goal but a fundamental necessity for environmental preservation.” It emphasised that the Adani case involves the “dirtiest and most polluting coal being burned, and under false representation by the corporation concerned.”
https://www.youtube.com/watch?v=4zpacHKacrQ Desh Neeti
Delhi’s vendors struggle to stay on the street as lasting solutions remain on paper https://www.thehindu.com/news/cities/Delhi/delhis-vendors-struggle-to-stay-on-the-street-as-lasting-solutions-remain-on-paper/article68218226.ece May 27, 2024
Political parties made a whole bunch of promises to street vendors ahead of the Lok Sabha election in the national capital on May 25. What those who have stalls on the roads really want is social security, dignity to work, and a decent livelihood to survive, finds Satvika Mahajan The Street vendors Act 2014 was meant to protect the rights of urban street vendors. All street vendors were supposed to be provided licences.. Ahead of the Lok Sabha elections leading national parties made poll promises..
The Urban Development Ministry has the power to make decisions for street vendors. There needs to be a push to decentralise decision making with training and capacity buildingin the ULBs and TVCs.
Pravin Sawhney @PravinSawhney- Ex-Indian Army. With FORCE. Books: Defence Makeover; Parakram; Dragon On Our Doorstep; THE LAST WAR: How AI will shape India’s final showdown with China
Why has Modi gov given one month extension to army chief, Gen Manoj Pande when there is NO crisis that requires him to remain in office?
It shows:
1. Gov arbitrariness in military appointment
2. Gov did the same with CDS Anil Chauhan- who was brought back from retirement, given higher rank of 4 star & made CDS
These actions shows dangerous
preference given to senior officers who are ideologically aligned with the ruling political party. Pande ji has demonstrated this by taking military thinking to medieval statecraft- instead of focusing it on modern warfare.
If Modi gov gets another term in office, we shall have military leadership with no intellectual desire to learn what it should.
The art of generalship will be lost for ever!
A series of appointments made on 27th May 2024
Secretary to lokpal\
Secretary dept of justice
OSD dept of social justice
secretary. dept of border manageent
chairman staff selection commission
4 जून की रात इमरजेंसी लग सकती है ? Army Chief Extension, 5 IAS Officer's Transfer, 2024 Election DESH NEETI https://www.youtube.com/watch?v=TkmVSNIbuf8
Modi को लगी हार की भनक ? Army Chief को दी बड़ी जिम्मेदारी | 4 जून को कुछ बड़ा करेंगे? 2024 Election https://www.youtube.com/watch?v=L4oheWRuOGg
The misuse of draconian laws for political gain https://www.newindianexpress.com/opinions/2024/May/26/the-misuse-of-draconian-laws-for-political-gain Kapil Sibal 27 May 2024,
The PMLA is perhaps the most draconian law in the history of India. Preventive detention laws, which were often used at one time, still provided for procedural safeguards that are absent in this legislation.
monies generated from the predicate offence are proceeds of crime and using those proceeds by projecting them as untainted money is ‘money laundering’. By virtue of the explanation added to the definition of money laundering through the Finance Act, 2019, it in effect alters the meaning of money laundering. .The added explanation obliterates the distinction between proceeds of crime and money laundering. Therefore, under the law as it stands today, the proceeds of crime and money laundering allow the ED to enter any state to investigate the offence... Even though the predicate offence has not resulted in a chargesheet and is at the initial stage of investigation, the ED merrily starts arresting persons. Once arrested, it is impossible for the accused to secure bail because of the stringent legal provisions wherein the court has to come to the conclusion that the accused is not guilty of the offence.
Why ex-IAS officer VK Pandian is in crosshairs of PM Modi, Amit Shah and Himanta Biswa Sarma https://youtu.be/d9FL3vQYQbI ThePrint May 27, 2024
Amit Shah asking Odisha CM Patnaik, 77, to retire due to advancing age has raised curiosity in BJP circles. The Print’s Political Editor DK Singh analyses Shah’s Odisha strategy in this episode of #PoliticallyCorrect.
https://www.cato.org/cato-journal/spring/summer-2020/human-compatible-artificial-intelligence-problem-control-stuart Human Compatible: Artificial Intelligence and the Problem of Control by Stuart Russell
SPRING/SUMMER 2020 • CATO JOURNAL By Thomas A. Hemphill
many governments around the world are equipping themselves with advisory boards to help with the process of developing AI regulations. Most promising is the EU’s High‐Level Expert Group on Artificial Intelligence. Also, agreements, rules, and standards are beginning to emerge for user privacy, data exchange, and avoiding racial bias (the EU’s GDPR legislation, for example). But, at present, there are no implementable recommendations that can be made to governments or other organizations on maintaining control over AI systems, primarily because the terms “safe and controllable” (reflecting the validity of the “provable beneficial” approach) do not have precise meanings...
the potential positive uses for AI in society (such as advancements in scientific research) and the potential for misusing AI (such as automated extortion). Ignoring the potential for super intelligent AI technology to have catastrophic consequences for humanity would be highly risky. Indeed, Russell cautions that silence over discussing these potentially catastrophic consequences will only ensure a greater probability of this endgame occurring...his approach as one of “responsible innovation,” which requires all relevant stakeholders in the innovation system to embrace a sense of individual and collective responsibility.
मैंने जिस मोदी को देखा...2024 के मोदी पर विशेष https://www.youtube.com/watch?v=2YzhLq4Sq3Q Ravish Kumar Official May 26, 2024
प्रधानमंत्री मोदी चुनाव जीतते हैं, इसकी तारीफ़ होती है मगर चुनाव कैसे जीतते हैं, इस पर बात नहीं होती। वे अपनी जीत के लिए कितनी चीज़ों को दांव पर लगा देते हैं। संवैधानिक और राजनीतिक मर्यादा तो छोड़िए, भाषा की मर्यादा का भी ध्यान नहीं रखते। मोदी एक ऐसे राजनेता हैं जो विशेषणों से बनाए गए हैं। उनके कार्यकाल में उनकी अनगिनत तस्वीरें बता रही हैं कि उन्होंने कपड़े बदलने में अतिरिक्त रुप से दस साल का वक्त खपा दिया होगा मगर उनकी बोली बताती है कि दस साल तक प्रधानमंत्री रहने के बाद भी वे अपने अतीत से नहीं निकल पाए। देखिएगा।
- Towards Tax Justice and Wealth Redistribution in India
- Exploring the nexus of politics and pop culture
- ‘Ayega to Modi hi? But how?
- Dissent, in art and in life, is a tough path to choose. But sometimes it does create magic.
- Extreme Heatwave in India | Why 2024 is the Hottest Year?
- Lok Sabha Election 2024 Kapil Sibbal ने EVM पर उठाया सवाल, बोले कोई भी मशीन से छेड़छाड़ संभव है
- Modi Speech
- PM Narendra Modi's stay in Mysuru hotel: ₹80.6 lakh unpaid for over a year; Radisson Blu Plaza may go to court
- Newsclick:conversation about the seven months in jail, the status of press freedom and democracy in India
- RSS-BJP separation is official now.
- the notion of Modi 3.0 remains uncertain
- EC Vs Supreme Court on Election Data
- Election Stories in 2019 - Proceedings in SC
- The BJP’s Drive for Hegemony
- journalist Avesh Tiwari FIR and Amethi
- Smriti Irani upset after Loss in Amethi FIR lodged against journalist Avesh Tiwari
- WHILE RETIRING, CALCUTTA HC JUDGE SAYS HE HAS ALWAYS BEEN AN RSS MEMBER
- "a textbook autocrat with totalitarian goals":
- Kashmiris Are Not Happy with BJP
- Aadhar, fifteen years on...