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INDIA

PRESIDENTIAL ORDER ON SCRAPPING ARTICLE 370 IS UNCONSTITUTIONAL

BIFURCATION OF JAMMU & KASHMIR WILL NOT STAND LEGAL SCRUTINY
Author: Arvind Kurian Abraham - Published 06-08-2019 09:37 GMT-0000
The attack on Article 370 — the most contentious and sensitive article of the Constitution of India — was complete when the Modi government on Monday, August 5, 2019 introduced in the Parliament a draft resolution recommending to the President its abrogation along with a bill to reorganize the state of Jammu and Kashmir. It did not give the MPs adequate time to study and critique the proposals.
INDIA

AMIT SHAH’S HISTORIC DECISION TO INTEGRATE KASHMIR

SCRAPPING ARTICLES 370, 35A IS A NEW BEGINNING FOR ALL
Author: Kalyani Shankar - Published 06-08-2019 09:33 GMT-0000
August 5 is a historic day for the country as the Modi government had scrapped Article 370 and Article 35A pertaining to Jammu and Kashmir at one stroke. A complex issue, which many prime ministers had been grappling with unsuccessfully for the past 70 years, Prime Minister Modi has resolved it boldly within the first 100 days in his second term. As a bureaucrat friend remarked with half a page Presidential order and four hours of debate and discussion in the Rajya Saba, Jammu and Kashmir as a state disappeared and in its place emerged two Union territories — Jammu and Kashmir and Ladakh. The political reason for clubbing Jammu and Kashmir might be to make the state a Hindu majority gradually.
INDIA

BJP ACHIEVES ITS GOAL IN KASHMIR

POLITICAL TURMOIL IN VALLEY TO ACCENTUATE
Author: Amulya Ganguli - Published 05-08-2019 11:27 GMT-0000
The dream nurtured by the RSS-Jan Sangh for decades about scrapping Article 370 has finally been sought to be achieved by the BJP. Since dispensing with the Article, which confers a special status to Jammu and Kashmir, will require judicial and parliamentary approval, it is yet to be seen whether the BJP will have the legal arguments or the numbers in parliament to push through the measure.
INDIA

LET RBI CONTROL MONEY SUPPLY, INFLATION RATE

ECONOMIC GROWTH BE LEFT WITH THE GOVERNMENT
Author: Nantoo Banerjee - Published 05-08-2019 11:24 GMT-0000
Last week’s sharp reduction in fixed deposit rates by the State Bank of India, the country’s largest bank, appears to be more to please the government and the Reserve Bank (RBI) than in response to the market situation. The deposit rate cut is expected to translate in lower lending rates. The pro-business government has been pressing for lower lending rates which are linked with the banks’ cost of funds. The SBI decision will force other banks to lower lending rates. The SBI reduction in term deposit rates is in the range of 50-75 basis points (100 basis points = one percentage point). It has been attributed to the “falling interest rate scenario and surplus liquidity.” The SBI statement is somewhat confusing. Only two months ago, muted government spending and high election-related expenditure created a liquidity deficit of Rs 70,000 crore in the banking system, stymieing the RBI’s record liquidity infusion via bond purchases and the innovative dollar-rupee swap. However, SBI would know its liquidity position better.
INDIA

GST ADMINISTRATION AND MECHANISM HAS NUMEROUS FAULTS

NO END TO PUBLIC SUFFERING AND ECONOMIC WOES
Author: Gyan Pathak - Published 05-08-2019 11:21 GMT-0000
Even after two years of roll out of GST, the tax administration and its mechanism in place is infested with serious faults on several counts resulting in public suffering and economic woes. Multiplicity of tax rates is yet to be completely eliminated. Single IT based interface for taxpayers and simplified tax compliance regime are yet to be fully achieved. System validated Input Tax Credit through “invoice matching” is not in place and nonintrusive e-tax system still remains elusive. No one has a clear picture even about the huge data generated mainly due to its inaccessibility. Even CAG could not access the data required for analysis and assessment.
INDIA

CPI CONDEMNS DECISION OF CENTRAL GOVERNMENT ON JAMMU & KASHMIR

Author: Special Correspondent - Published 05-08-2019 10:48 GMT-0000
NEW DELHI: The National Secretariat of the Communist Party of India today strongly condemned the anti-democratic move of the RSS controlled BJP government to change the status quo of Jammu and Kashmir without taking people into confidence. To dismantle the state of Jammu and Kashmir into different Union Territories without proper discussion in Parliament when the parliament is in session is undermining the parliamentary practices, procedures and the precedence, the CPI secretariat said in a statement.
UNITED STATES

TRUMP'S WHITE NATIONALISM BLAMED FOR LATEST US MASS SHOOTINGS

RIGHTWING WEBSITE FANNING HATRED
Author: Mark Gruenberg - Published 05-08-2019 10:44 GMT-0000
Democratic presidential candidates linked Donald Trump’s white supremacist agenda with the killing of 20 people by one of his supporters in Texas on Saturday, just hours before another mass shooting in Ohio.
INDIA

KERALA CPI-M’S ‘CAPITAL CRIME’

BIG DRAIN ON STATE EXCHEQUER
Author: P. Sreekumaran - Published 05-08-2019 10:42 GMT-0000
THIRUVANANTHAPURAM: The Kerala CPI(M) is in the dock over what the Opposition regards as a ‘capital crime’.
INDIA

SLOWDOWN IN ECONOMY IS NOT YET TOTAL

BIG INVESTMENTS CAN STILL REVERSE THE TREND
Author: Anjan Roy - Published 05-08-2019 10:38 GMT-0000
Is the Indian economy slowing down? Going by the consensus of projections we are, for sure. But then, by how much? That is anybody’s guess.
INDIA

AYODHYA MEDIATION HAD NO CHANCE OF SUCCESS

EVEN IF THERE WAS AWARD, IT WOULD HAVE BEEN CHALLENGED
Author: K Raveendran - Published 03-08-2019 10:27 GMT-0000
If at all there was any hope of success for the Supreme Court-appointed mediation effort in the Ramjanmabhoomi, it had disappeared within days of Chief Justice Ranjan Gogoi announcing the constitution of the mediation team.