hai frds iam Bollepalli anu
iam providing the hindu editorial page and vocabulary
stock market turbulence and the impact its growth slowdown is having on the
global economy were dominant themes last week at the annual World Economic Forum
in the Swiss Alpine resort of Davos. And as the four-day gathering of
international finance and corporate captains, government policymakers and
central bankers wound down on Saturday,
the jury was still out on whether China is headed for a hard landing or is in
control of its transition. That China
and its fortunes have come to dominate discussions is testimony to the extent
to which its companies and manufacturing industry have integrated with the rest
of the world, as well as to the increased international concern over the
perceived opacity of the country’s
banking and financial sector’s real levels of indebtedness. This was perhaps
best reflected in International Monetary Fund chief Christine Lagarde’s
exhortation that financial markets need more “clarity and certainty” about
China’s management of the yuan’s exchange rate, especially with reference to
the U.S. dollar. A modeling study done by Oxford Economics posits that a 10 per cent decline in the value of
the Chinese currency against the dollar by the third quarter of 2016 — if
accompanied by resultant competitive devaluations among emerging market peers — could roil
economies and markets worldwide, with the eurozone and Japan projected to be
the hardest hit. The domino effect could retard
global growth by 0.2 per cent and hurt countries including the China U.S., Brazil,
Russia and . Interestingly though, the
same study projects that China would have little to show by way of gains from
the yuan’s weakness, lending credence to
the Chinese authorities’ assertions that they are not interested in engendering
a scenario of competitive devaluations. Still, that second-order effects of
what happens in India
will be hard to hazard a guess about has already been proven by the recent
volatility seen in markets worldwide. And the brave words of regulators
notwithstanding, central bankers are running out of ammunition.
As Reserve Bank of China
Governor Raghuram Rajan said, monetary easing may have run its course and
reached the limits of efficacy as a policy tool. India
iam providing the hindu editorial page and vocabulary
TOPIC 1: Alert, fair, transparent
The arrest and detention of at least 18 people from across the country by the National Investigation Agency and the Delhi Police over the last few days for their alleged terror plans and sympathies to the Islamic State is a stark warning that the authorities need to be on heightened alert. The Delhi Police caught four young men from Uttarakhand, while the rest have been arrested by the NIA from across
groups are accused of planning to carry out major terrorist attacks. The NIA
believes that the 14 men in its custody were in the process of organising a
training camp to prepare for multiple attacks against domestic and foreign
targets. Officials say that both the arrested groups had been in touch with
Shafi Armar alias Yusuf, who heads a terrorist group named Ansar-ul-Tawhid that
is aligned with the Islamic State and has former members of the Indian
Mujahideen in its ranks. This is a clear indication that the IS is no more a
danger lurking in some distant land. In
fact, next-door India
has already witnessed a few lone-wolf attacks
suspected to have been carried out by IS sympathisers. Bangladesh
The authorities now have the challenge of identifying terrorist modules, and possible lone -wolf, without allowing any attendant excesses. Real-life investigations are pains taking tasks, and the Indian agencies have often failed in due diligence on that front. Therefore it is important that the government keep a close watch to ensure that the NIA and the Delhi Police carry out transparent and professional investigations into the recent arrests. That will ensure public safety and also protect the individual liberty of those accused of terror, but pending a fair trial. Experience worldwide has shown that the perception game is practically won or lost while dealing with terrorist suspects. The investigations must be time-bound and chargesheets must be filed within a reasonable timeframe. A quick trial is advisable — to showcase that
has an uncompromising posture against terrorism and will hand out punishments
without any delay and swiftly, while
protecting the constitutional rights of each of its resident. Showcasing such a
balanced approach towards terrorism is also very important to send out the
message to the aggrieved and those influenced by violent ideologies that Indian
democracy is their best bet for a fair life. Young people drawn to various
waves of violence through history have mostly been individuals harbouring a perceived
strong sense of grievance against the
state. Their violent activities are a response to what they believe to be
injustices inflicted by the powerful. In India , there have been three
distinct waves of domestic Islamist terrorism since the early 1990s. There is
no better way of addressing the grave threat posed by young citizens drawn to
extremist, violent ideologies than a fair, transparent and swift trial. India
1. detention: The state or a period of being detained, especially: a. A period of temporary custody while awaiting trial.
2.alleged: said, without proof, to have taken place or to have a specified illegal or undesirable quality.
3.stark : severe or bare in appearance or outline.
4.lurking: be or remain hidden so as to wait in ambush for someone or something.
5.lone wolves: a person who prefers to act alone.
6.diligence: careful and persistent work or effort.
7.pending: awaiting decision or settlement.
8.swiftly: moving or capable of moving with great speed or velocity; fleet; rapid: a swift ship.
9.harbouring:keep (a thought or feeling, typically a negative one) in one's mind, especially secretly.
10.perceived: become aware or conscious of (something); come to realize or understand.
11.grievance :a real or imagined cause for complaint, especially unfair treatment.
12.swift: happening quickly or promptly.
TOPIC 2:Sobering reflection from Davos
The other key takeaway from this year’s meeting at Davos was showcased in Pope Francis’s admonition to the global political and economic elite to reflect on their own role in creating inequality. An Oxfam study, released ahead of the WEF meet, said the richest 1 per cent owned as much wealth as the remaining 99 per cent combined did, with the gap in wealth widening even faster than anticipated. With politicians across continents and the entire ideological spectrum, from the far-right to the far-left, focusing their rhetoric and stances on the growing rich-poor divide and seeking to tap the burgeoning discontent for electoral gains, the Pope’s call to the wealthy and powerful to act to help address the inequality lends a powerful moral edge to the issue.
1.wound :an injury to living tissue caused by a cut, blow, or other impact, typically one in which the skin is cut or broken.
2.opacity: the quality of lacking transparency or translucence.
3.posits:put forward as fact or as a basis for argument.
4.peers :look with difficulty or concentration at someone or something.
5.roil :make (a liquid) turbid or muddy by disturbing the sediment.
6.retard : very foolish or stupid.
7.credence:belief in or acceptance of something as true.
8.ammunition:a supply or quantity of bullets and shells.
9.admonition :a firm warning or reprimand.
10.rhetoric: language designed to have a persuasive or impressive effect, but which is often regarded as lacking in sincerity or meaningful content.
11.stances: a site on a street for a market, street vendor's stall, or taxi rank.
12.burgeoning :begin to grow or increase rapidly; flourish.