"The two most important days in your life are the day you are born and the day you find out why."
Delhi Edition of The Hindu
Open to capital China takes a positive step to globalise its bond market Opened itself to foreign investors Allows large foreign investors such as banks and pension funds. Estimated- $9 trillion in value and is expected to double in size over the next five years Central bank- People s Bank of China, of late has been tightening monetary policy to squeeze(न च ड ) out liquidity. Led bond yields in China to be higher than in many developed economies. No surprise that investors rushed in to make use of the scheme to trade in Chinese bonds Significant steps to ease the purchase of mainland stocks by foreign investors. Shanghai and Shenzhen stock exchanges were connected to the Hong Kong stock exchange in 2014 and 2016. Chinese bonds can now expect similar international recognition.
Continue Bond Connect is a significant step in China s march towards a more open capital account. 1)-Inflow of foreign capital will help Beijing control the yuan. 2)-Scheme will boost the borrowing potential 3)-Wider pool of international capital. 4)-Encourage investments in economic projects as well. Boost- Inclusion of the yuan in the International Monetary Fund s basket of currencies in 2016 Bond reform gives a further boost to the Chinese currency. Will increase the usage of the yuan. Will also help bring more stability to China s financial markets, known for high volatility. Improving transparency and the quality of business practices. It will indeed be a test of whether they have learned the right lessons from the stock market crash of 2015.
Signs of a Persian gulf New Delhi needs to work with Tehran to resolve bilateral irritants affecting economic ties. On June 26, Iran s Supreme Leader Ayatollah Ali Khamenei- Afghanistan, Pakistan, Iraq and Kashmir- Safeguarding the unity of Muslims. Spreading awakening and sense of commitment and responsibility among Muslim youth in all Islamic lands. Nothing new in his recent statement India s relations with Iran are important and the reformist regime of Hassan Rouhani is looking for a wider global engagement. Statement probably reflects his country s concerns about getting regionally isolated at a time when the Donald Trump administration s hard line against Tehran Blockade of Qatar by Saudi Arabia, Egypt, Bahrain and the United Arab Emirates (UAE) after cutting of diplomatic ties
Continue Qatar has been issued a 13- point list of demands which includes 1)-Curbing diplomatic ties with Iran, 2)-Severing ties with the Muslim Brotherhood and 3)-Shuttering the AlJazeera news network. Rejected by Qatar. Riyadh has further warned that more punitive measures Saudi Arabia and Iran are engaged in a range of proxy wars across the region in Bahrain, Syria, Yemen, apart from their growing hostility in Iraq An attack on Iran s Parliament on June 7, for which it blames Saudi Arabia, has further heightened the tensions. Ayatollah s recent utterance(comment) on Kashmir might be a signal to India that its growing closeness to Saudi Arabia and the UAE It s a reminder to India- India has always been wary of Iran s support for Pakistan in the Organisation of Islamic Cooperation (OIC) regarding Kashmir
Economic ties turn tepid(unenthusiastic) Recent decline in economic ties should be of greater concern to the two countries. Iran seems to be in no hurry to decide on awarding the contract for gas exploration in its Farzad B offshore field to ONGC Videsh. Pending a decision on the contract, India has decided to decrease the volume of Iranian crude oil it will be buying this year. Tehran has signed an initial agreement for the gas field with Russian giant Gazprom. For India, which stood by Iran during the height of its global isolation, this is certainly galling(द खद). Further, the slow pace of the Chabahar port project They have indicated that -Pakistan and China might also be invited to get involved. India s answer to the Gwadar port that will allow it to circumvent Pakistan and open up a route to landlocked Afghanistan
Continue While New Delhi has done well to ignore the Ayatollah s provocation on Kashmir, it needs to work with the Rouhani government to ensure that the bilateral irritants in fostering economic ties are resolved soon. There are far too many issues, including the future of Afghanistan, that require closer coordination between the two countries.
Persian gulf Farzad B offshore field
Organisation of Islamic Cooperation Organisation of Islamic Cooperation is an international organization founded in 1969, consisting of 57 member states. The organisation states that it is "the collective voice of the Muslim world" and works to "safeguard and protect the interests of the Muslim world in the spirit of promoting international peace and harmony". The OIC has permanent delegations to the United Nations and the European Union. The official languages of the OIC are Arabic, English, and French.
Going beyond cultural heritage The handloom industry deserves a rethink as an avenue for skilled labour One such notion equates handlooms with a culture that ensures a continuity of tradition. This idea has become part of the public policy-framing and provides a legitimate basis for the state to support the sector. Submerged the identities and histories of large sections. When we promote handloom as a traditional industry, it is not surprising that large sections of our population choose to ignore it. They are produced using human labour and hence superior to those produced using a machine. Mechanical production has made many things
Continue There is a need to free the handloom industry from the limited narratives linked to preserving cultural heritage and the merger of the industry with individual fashion. Handloom should be revived as a skilled occupation that offers livelihood with dignity for both the weaver and the physical environment around.
News Analysis Page-1- SC open to liquor sale on city highways Chandigarh administration s move to de-notify certain roads does not violate orders The Supreme Court on Tuesday prima facie observed that there may be nothing wrong in de-notifying particular stretches of highways in city limits as city roads and such de-classification does not violate its order that National and State highways across the country should be liquor-free zones.
Continue Page-1,11- We waited 70 years, Bibi tells Modi Ground-breaking visit as the first Indian Prime Minister in Israel. My visit celebrates the strength of centuries-old links between our societies. Based on these bonds, our partnership has maintained a strong and sustained upswing since the establishment of full diplomatic relations 25 years ago, Mr. Modi said after he landed. Moving beyond security ties
Continue Page-1- Centre may partially lift AFSPA The Centre is considering partial removal of the Armed Forces (Special Powers) Act from Assam and Arunachal Pradesh, a senior Home Ministry official said. The Ministry has asked the two BJP-ruled States for their views on AFSPA withdrawal and said that it was open to reviewing the stringent law in other States like Manipur.
Continue Armed Forces (Special Powers) Acts (AFSPA), are Acts of the Parliament of India that grant special powers to the Indian Armed Forces in what each act terms "disturbed areas". According to The Disturbed Areas (Special Courts) Act, 1976 once declared disturbed, the area has to maintain status quo for a minimum of 3 months. Act passed on September 11, 1958 was applicable to the Naga Hills, then part of Assam. In the following decades it spread, one by one, to the other Seven Sister States in India's northeast. Another one passed in 1983 and applicable to Punjab and Chandigarh was withdrawn in 1997, roughly 14 years after it came to force. An Act passed in 1990 was applied to Jammu and Kashmir and has been in force since. [
Continue Page-7- Drug-resistant TB higher among children than expected: report Diagnosis is complicated due to challenges associated with sample collection While detection of tuberculosis (TB) in children remains a challenge, it has now emerged that Multi-Drug Resistant (MDR) TB is higher among children than expected.
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Continue Page-12- North Korea claims it tested intercontinental missile U.S. analysis says the weapon can potentially be powerful enough to reach Alaska North Korea on Tuesday claimed it successfully testlaunched its first intercontinental ballistic missile, a potential game-changing development in what may be the world s most dangerous nuclear stand-off and, if true, a direct rebuke to U.S. President Donald Trump s earlier declaration that such a test won t happen!
Continue Page-13- UDAY covers 97% of discom debt: Centre About 97% of the total outstanding debt of all state power distribution companies (discoms) has been covered under the Ujwal DISCOM Assurance Yojana (UDAY), the government announced
Q- Ans Mangrove forest are in India in decreasing order- West Bengal, Gujarat, Andaman and Nicobar island, Andhra Pradesh Zika virus causes microcephly Multi commodity exchange is the India first largest commodity exchange in country National commodity and derivatives exchange is the second largest commodity exchange in country KGD6- Krishna and godavari river
Continue Narmada river Sardar Sarovar dam on the Narmada river Gujarat Narmada river flows through Madhya Pradesh, Maharashtra, Gujarat