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Indian economy to shrink 5.9% with ‘permanent income loss

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The number of cases rising in India is unlikely going to ebb anytime soon. While India is setting the record for the highest surge in numbers of coronavirus cases in a single day, the Indian government on Monday announced the country’s biggest economic contraction in 24 years.

India’s economy to witness a great contraction of 5.9% by the end of 2020 predicted by The United Nations’ Conference on Trade and Development in a report, warning that while growth will rebound next year, the contraction is likely to translate into a permanent income loss.

Stressed days ahead:
Pandemic puts more pressure on India’s stressed economy. COVID-19 is slamming every possible sector across the nation and also triggered massive job loss.

Even the job portal launched by the government in July has seen the humungous registration of over 6.9 million people in just 40 days, reported by The Indian Express.
India had never tallied a quarter of negative growth since it commenced issuing such data publicly in 1996. Furthermore, no other big economy has shrunk with such a ratio during the pandemic. In the same period, America’s GDP fell by 9.1%. India’s economy had been stumbling before COVID-19.
While we think the situation in Indian related to the economy has worsened during the galloping outbreak, experts say that the country’s economic indicators were already to it’s worst side before the pandemic.

The complete Wipeout:

‘Already the quake of Covid-19 has triggered another round of cuts in central bank policy rates for advanced economies that had favorable ratios before the crisis and also for many developing economies, which even includes the high inflation countries such as Argentina and Turkey’, a report by UNCTAD described.
Further, the world is grappling with the equivalent of a complete Wipeout of the Brazilian, Mexican, Indian economies.
The domestic activities are contracting, eventually affecting the international economy. In a view to the future, it will shrink by around one-fifth this year and foreign direct investment shall blow by up to 40%.

Triggered massive job loss:
“What is happening after the pandemic cannot be seen without what was happening before the pandemic. The jobs were already collapsing, the growth rate had declined. The situation was already terrible, and it further worsened because of the pandemic”, Ritu Dewan, Vice President of the Indian Society of Labour Economics and former director of the Department of Economics at the University of Mumbai, told Anadolu Agency.

For India, UNCTAD’s report added, “The baseline scenario is a sharp recession in 2020 as straight lockdown measures to stem the virus’ spread brought many productive activities to halt across the country. Although we expect a rebound in 2021 in line with growth rates of the Indian economy in recent years, the contraction registered in 2020 is likely to translate into a permanent job loss”.

V-shaped recovery will be misled:
“Forecasters talk of a V-shaped recovery is misleading. Such a recovery would require double-digit global growth next year, which is out of the question”, said Richard Kozul – Wright, UNCTAD’s director of the division on globalisation and development strategies.

Assessing the report, it asserted that a global recovery plan is in need of both bold and comprehensive invasion, built around a collaborative macroeconomic expansion focused on job creation and higher wages and supported by a big public investment push into cleaner energy, environmental protection, sustainable transport systems, and the care economy.

Following the report, 90-120 million people from developing nations will be thrust into extreme poverty, with approximately 300 million people facing food insecurity.
The existence of future generations, indeed of the planet itself, entirely depended on the options we all pick over the coming months.

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International

All you need to know about the Armenia-Azerbaijan Clash

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All you need to know about the Armenia-Azerbaijan Clash
Armenia and Azerbaijan is a small country located in between Turkey, Russia and Iran. Armenia is mostly a christian majority country with 95% of it’s 30 million population practising christanity and Azerbaijan comprises 99% of muslim population. This conflict can escalate into a full fledged war according to experts.The population of Azerbaijan is 10 million and both are secular countries. The conflict is about a small region called Nagorno-Karabakh region. Both of these countries were part of the USSR till 1990. Both these countries attained independence from the USSR in 1991. This Nagorno-Karabakh region is partially occupied by both Armenia and Azerbaijan. This region is a heavy mountainous region and it is tough to access this region. According to the 2015 census only 1.5 lakh people live in this Nagorno-Karabakh region in an area of 4400 square kilometers. This population of this region is ethnically Armenian.
This region has been disputed since 1920 when both these countries were part of the erstwhile Soviet Union. This region belonged to Azerbaijan till 1990 and it was an autonomous region controlled by Moscow directly. When the USSR split then Moscow decided to hand over this region to Azerbaijan but then the local provincial assembly voted to stay with Armenia. This voting was opposed by Moscow and Azerbaijan governments. After this the Armenian separatists occupied a part of the Nagorno-Karabakh region and they have been running the government in that part backed by the government of Armenia. But according to the International law this region is part of Azerbaijan because when this region was split up in 1991 then Moscow had decided to merge this territory with Azerbaijan.
This region has seen heavy ceasefire violations since 1991 up till 2020. Recent clashes have continued over several days. You can understand this territory similarly like Kashmir where both India and Pakistan claim Kashmir. In May 1994 USA, France and Russia had tried to implement a ceasefire so that these countries could talk and negotiate but all in vain. This conflict started on 27 september 2020 and since then both countries have said that the other one broke the ceasefire first. Russia plays a very important role here. Russia has a military base in Armenia and it supplies weapons to Azerbaijan but it has not said a word over this conflict.
Turkey on the other hand supports Azerbaijan openly since Turkey and Azerbaijan have strong relations and Armenia does not have good relations with Turkey. In the first week of October Turkish F-16s were seen in Armenian airspace thus, adding fuel to the fire. Turkey has openly said that it will provide military support to Azerbaijan if needed and it is trying to flex its muscle power in the region. Turkey and Azerbaijan being muslim countries are natural allies. Armenian foreign minister has said that this conflict is a preplanned strategy of Azerbaijan with Turkish support.
Turkey is a bigger country and it wants to influence a smaller nation like Azerbaijan. Turkey buys crude oil and gas from Azerbaijan and similarly Azerbaijan is one of the main investors of Turkey. So it is natural that they will come together. Their economic ties are stronger than ever. On the other side Turkey and Armenia have strain relations. During the ottoman empire a genocide was conducted over the armenians by the turks. This charge is denied by the Turkey government and so does Azerbaijan deny it in the support of its ally.
Azerbaijan is a republic just for namesake. Actually it is a dictatorship. After its split from the USSR their first president was Heydar Aliyev in 1991. He was president till 2003 then his son Ilham Aliyev succeeded him in 2003 and he has been the president since then. Ilham Aliyem has won every successive election since 2003 with over 80% vote share and it shows that there is no opposition in the country. Foreign journalists are not allowed to work freely and there are over 160 political prisoners. There is no free media in this country. So you can imagine if it is really a democracy. Whoever raises voice against the president then he/she is thrown into jails. Recently, in 2016 Aliyev held a controversial referendum according to which the minimum age to become the president of Azerbaijan has been brought down to 18 from 35. According to political experts this has been done so that his son can succeed him in 2025. There is no free press and this country ranks 146/157 in the global democracy index. You can imagine the scenario.
On the contrary Armenia ranks 86/167 and it is in a better position than Azerbaijan. Till 2018 Armenia was itself a dictatorship. In 2018 25 lakh people had protested on roads out of its 30 lakh odd population. The protestors were protesting over the election fraud conducted by the then PM. 2.50 lakh people were on roads and not a single bullet was fired. It was a huge success. The Velvet revolution led to the establishment of democracy in Armenia. The then opposition leader Nikol Pashniyan under whom this revolution was initiated had been elected as the PM in 2018 and he is the PM currently. You can understand the situation yourself.
Azerbaijan kids are taught to hate Armenians naturally on account of nationalism. This is the propaganda being spread by the Azerbaijan government. Their economy is in turmoil because of low crude oil prices. But people are taught to think about nationalism. According to a 2012 poll 91% Azerbaijan people think that Armenians are their natural enemy and similarly 63% Armenians agree the same. Armenians are described as Bandits, hippocrates in the Azerbaijan books. In 2011, famous Azerbaijani chess player Taimur Radjabov had said that he hates armenians. Such is the scale of hate in between these 2 nations. In 1988 and 1989 3.5 lakh people were affected due to this conflict.
In July a major protest occurred in Azerbaijan and people marched to the parliament of their country and demanded that their president declare war on Armenia. Such is the scale of nationalism. They protested not on account of depreciating economy or dictatorship but to declare war. Such is the propaganda that Azerbaijani people are taught to hate Armenians. Nothing concrete will come out of it. You decide. What should be done?
Amid covid 19 is it okay to fight?

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Viral Video of crying Chinese. Are Chinese soldiers scared of Indian soldiers?

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Recently, a short video of just few seconds got viral on social media depicting Chinese soldiers sobbing and singing “Green Flowers in the Army” in a bus. Soldiers seem to be too young.
The video didn’t take much time to get viral on twitter and Facebook.
This Viral Video was tweeted by a well renowned network, Taiwan News on Sunday. People got curious to know the exact reason behind the misadventure of these young People’s Liberation Army (PLA) soldiers.
The video location is to be known at Fuyang Railway Station while the troops were preparing to head to a military camp in Hebei province, according to Taiwan News.
This led to a war of words between mainland Chinese and Taiwanese media.
Taiwanese media like Liberty Times and Taiwan News, didn’t miss this chance to mock the soldiers for crying and clearly showing their weakness in the video.
Many are saying that this action of Chinese soldiers distinctly portraying that now Chinese are afraid of Indians after lately realising how powerful India is.
Indians too didn’t stand back in retweeting and sharing the video on social media.
China newspaper, Global Times defended by saying – “At that time, they were bidding farewell to their parents and sang the famous military song ‘Green Flowers in the Army’, and they sang ‘Go home when you celebrate your work’, completely contrary to the mood created by Taiwanese media,”. Chinese media debunks Taiwanese claim. China also added saying that Taiwan took video out of context and attempting to tarnish image of PLA troops.
Chinese media said that the soldiers got just too emotional, Taiwanese are just deliberately trying to manipulate the video and creating an issue.
Tension between India and China has been high since the standoff between Indians and Chinese armies in galwan valley in June this year.
Is china really scared of India? Or it’s just another trap for India to make India confuse?
Whatever it might be, but India is always ready to face it courageously with all its strength.
Indian soldiers will happily sacrifice their life for love for their motherland, if needed.
Jai Hind.

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UK Returns Stolen Idols

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India is all ready for getting back the 15th Century statues of Lord Ram, Lakshman and Sita from UK after 42 years. The three statues had been stolen from a Tamil Nadu Temple in 1978. The temple had been built during the Vijayanagar period a period that witnessed a constant rise of the Vijayanagar Empire among which King Krishna Dev Raya from the Tuluva dynasty was the most prominent.
The southern empire or the Vijayanagar empire was well known for its town planning, facilities for Agriculture and irrigation. One of the most striking features of this empire was that all its development was done with a careful architectural plan that strictly followed the pattern of the walled city. All the agriculture fields, irrigation channels, the Royal family’s quarters were all separated from each other by carefully built walls. Besides, this the Kings of Vijayanagar were great temple builders

The above image shows a glimpse of medieval Vijayanagar the image is a testimony to the intricate town planning that the rulers of Vijayanagar would have to undertake.

In 2014 two Singapore based NRIs, art enthusiasts S Vijay Kumar and Anurag Saxena jointly founded the India Pride Project (IPP) a group of art enthusiasts who use social media for identifying stolen religious artefacts from Indian temples which are sold in abroad. The group plans and executes the return of the artefacts to India. The group started functioning in 2014 as of 2020 has activists from all over the world.
In August, 2019 the India Pride Project informed the Indian High Commission in London that 4 antique idols of Shri Ram, Sita, Lakshman and Hanuman, stolen from Tamil Nadu, India might be in UK.
The Indian Mission from this information raised the matter with the Art and Antique Unit of the London’s Metropolitan Police and the Idol wing of the Tamil Nadu Police. The Tamil Nadu Police sent a comprehensive report which confirmed that the theft of the idols had taken place in 1978 and also provided the expert opinion along with a archive photo that matched with the artefacts.
The London Metropolitan Police after investigating the matter contacted the owner of the statues and presented the request of the Indian High Commission’s request to return the statue as they were stolen from a “living temple” in India.
In its investigation the Metropolitan Police held the owner not guilty as he had bought the artefacts in a good faith even including a verification check of the Art Loss Register Certificates.


However, the vendor responsible for the sale is now deceased which gave the Metropolitan Police no legal grounds for opening a probe in this regard.
The owner of the Lord Ram was also found to be in possession of two more idols of Sita and Lakshman. All the three idols were handed over to the High Commissioner. The High Commissioner has initiated the process of transferring the idols to Tamil Nadu Government.
The Indian High Commission in a statement issued had said “HCI is working on many such cases at present. We are confident that in coming days, with this partnership of the ASI, law enforcement agencies, and the independent experts, we will be successful in returning many more pieces of our cultural heritage to India.”
The Indian High Commission in the past has been very successful in finding and transferring sculptures and idols to India. In a statement issued by the Indian High Commission it said “HCI is working on many such cases at present. We are confident that in coming days, with this partnership of the ASI, law enforcement agencies, and the independent experts, we will be successful in returning many more pieces of our cultural heritage to India.”
The Indian High Commission in the past has been successful in retrieving the Brahma- Brahmani sculpture which was stolen from the World heritage site Rani-Ki Vav, 12th Century Bronze statue of Buddha, two antiques – a 17th Century Bronze idol of Navanitha Krishna and a 2nd-century limestone Carved Pillar motif.


Earlier this year the mission had been successful in sending back the Shiva statue which had been stolen from the Ghateshwar temple in Baroli, Rajasthan.
May many more stolen artefacts come back to India. May the Indian High Commission and the India Pride Project continue this amazing work of Bringing our Gods Home

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