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A World Bank report projects India’s growth at 7.8% in 2016-17 amid projected weak global growth at 2.95%
Washington: India, the dominant economy in the South Asian region, is projected to grow at a faster 7.8 percent in fiscal 2016-17 with growth in the region, speeding up to 7.3 percent in 2016 from 7 percent in the year just ended, a new World Bank report said on Wednesday.
Weak growth among major emerging markets with only the South Asia region, led by India, projected to be a bright spot, will weigh on global growth in 2016. But economic activity should still pick up modestly to a 2.9 percent pace, from 2.4 percent growth in 2015, as advanced economies gain speed, said the World Bank’s January 2016 Global Economic Prospects released here.
South Asia region is a net importer of oil and will benefit from lower global energy prices. At the same time, because of relatively low global integration, the region is shielded from growth fluctuations in other economies, the report said.
Simultaneous weakness in most major emerging markets is a concern for achieving the goals of poverty reduction and shared prosperity because those countries have been powerful contributors to global growth for the past decade, the bank said.
Spillovers from major emerging markets will constrain growth in developing countries and pose a threat to hard-won gains in raising people out of poverty, the report warned.
Global economic growth was less than expected in 2015, when falling commodity prices, flagging trade and capital flows, and episodes of financial volatility sapped economic activity.
Firmer growth ahead will depend on continued momentum in high income countries, the stabilization of commodity prices, and China’s gradual transition towards a more consumption and services-based growth model.
Developing economies are forecast to expand by 4.8 percent in 2016, less than expected earlier, but up from a post-crisis low of 4.3 percent in the year just ended.
Growth is projected to slow further in China, while Russia and Brazil are expected to remain in recession in 2016.
“There is greater divergence in performance among emerging economies. Compared to six months ago, the risks have increased, particularly those associated with the possibility of a disorderly slowdown in a major emerging economy,” said World Bank Group Vice President and Chief Economist Kaushik Basu.
“A combination of fiscal and central bank policies can be helpful in mitigating these risks and supporting growth.”
Although unlikely, a faster-than-expected slowdown in large emerging economies could have global repercussions, the report said.
Risks to the outlook also include financial stress around the US Federal Reserve tightening cycle and heightened geopolitical tensions, it said. (Arun Kumar, IANS) (Photo: www.odishanewsinsight.com)
Light, airy, and silky, Chanderi silk is to the standards of Indian royals. Some believe it resembles muslin because of its texture, but recently, it has been incorporated with silk threads which adds an additional sheen.
Madhya Pradesh's Chanderi town is where the silk fabric was born. Handwoven sarees were famous here, as it was the primary textile centre in between the 7th and 2nd century BC. Because of its transparency, lightness, and rich look, royals began to patronize this fabric. From the 11th century AD, Chanderi silk became well-known across the country.
The Chanderi weave is a heritage. Long lines of weavers passed this skill to their children, and it is not disclosed to anyone else. It is too delicate to be woven on power looms as the threads are spun until they are as fine as a 300 count. A special root named Kolikanda is used to extract the cotton wool for the silk. These days, gold and silver are embroidered into it. Motifs were created with metal dust.
A weaver working on a Chanderi loom Image credit: Wikimedia commons
Unlike other fabrics, Chanderi silk fibres do not go through a degumming process. They are not crafted to evade breakage and tear easily under high pressure. This is one of the reasons they are so light. It is often called 'woven air' for its breezy, soft texture.These days, the use of cost-effective raw materials spoils the natural beauty of the weave. One of the ways to identify a pure Chanderi saree is from its soft hues. This silk is usually dyed in pastel colours. The motifs are always handwoven and covered in copper dust. The machine weave tends to unwind with time and is not preferred. Original Chanderi can be differentiated from the fake by its glossy shine.
Keywords: Chanderi silk, Royals Silk sarees, Chanderi weave is a heritage.
Each year Diwali is celebrated on Krishna Paksha Chaturdashi, the 14th lunar day of the dark fortnight in the Tamil month of Aippasi. Ancient scriptures of India advise people to worship Yama, the deity of death on the days of Dhantrayodashi, Narak Chaturdashi and Yamadwitiya. People light an oil Diya or 13 oil diyas made of wet wheat flour in the evening. They are kept facing southwards just outside people's residences. These lamps which are traditionally dedicated to Lord Yama are known as Yama Deepam.
It is believed that placing a Yama Deep in the evening of Trayodashi of the dark fortnight of Kartik month prevents any untimely death in the family. The legend of Skanda Purana says that the lighting of Yama Deepams with faith and devotion by the devotees can get the lord to bless them with grace and long and healthy life. Yamadev, the lord of death himself gave assurance to his attendants that even though death is inevitable and cannot be avoided those who perform this Deepdan on Dhantrayodashi will not suffer an early death.
The ritual Yama tarpanam can also be performed early in the morning on Diwali day as a form of worshipping Yama.
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Story of Origin of Yamadeepadana
A 16-year-old son of King Hima was destined to die on the fourth day of his married life due to a snake bride. A girl agreed to marry the unlucky prince despite knowing his ill fate.
She wanted to save her husband; on the fourth day of their marriage, the young bride didn't allow her husband to sleep. She lit the palace with innumerable Deepas, and gathered all her ornaments, jewellery and coins, and placed them in a heap at the entrance. When Lord Yama, guise as a snake reached the palace, his eyes were blinded by the dazzle of deepas, preventing him from entering the room. He waited near the ornament and coins for the prince to approach them. He sat there all night listening to the songs and tales narrated by the young bride. Soon, the sun rose and Lord Yama had to return empty-handed. The wife had saved her husband from the mouth of the death. Since the day of Dhanteras was named Yamadeepdaan and this tradition was celebrated by burning lamps through the night dedicated to Lord Yama.
When Lord Yama, guise as a snake reached the palace, his eyes were blinded by the dazzle of deepas.Unsplash
Elements of Yamadeepadana
To perform the ritual of Yamadeepadan one requires sandalwood paste, turmeric, vermilion, flowers to offer to the god, consecrated rice in the ritualistic pattern. For achaman (purification ritual) a cooper platter, tumbler, and a spoon are required. The lamp is placed in a copper platter to be taken out of the house. Most importantly, you need to prepare 13 lamps made of kneaded wheat flour mixed with turmeric powder.
Significance of wheat flour lamps
On the day of Dhanteras, the Tama-dominant (negative) energy frequencies are active in a higher proportion which causes untimely death. The lamps made of wheat flowers neutralize these energies and protect you from any unfortunate death.
Why "13" lamps?
- 13 lamps are offered to the lord as the frequencies coming from Lord Yama stay only 13 moments of Hell. Hence, 13 Deepas are lit to appeal to the lord this is known as Yama-Tarpan.
- The number '13' has the power to impress Yama; therefore, on the day of Trayodashi, prayer is made to Yama by offering 13 lamps to escape from death.
- The period of death of an embodied soul is 13 days long, during this period a black covering of death occurs around the soul and slowly it succumbs, in the next 13 days the souls penetrate through subtle boundaries of time to go to other 'loka' from earth aka bhoo-Loka. Untimely death occurs by crossing over these 13 wheels of time. To avoid such untimely death in the subtle 13 wheels of time, 13 'Deep-Daan is performed.
Diwali is one of the most auspicious festivals celebrated in India with utmost dedication, happiness, enthusiasm, and passion by the people. By performing Yamatarpan, the sins of the entire year are cleansed.
Keywords: Diwali, Dhanteras, Lord Yama, prevent untimely death, Yamadeepadan, diyas ritual, wheat flour lamps
South India is renowned for many things that elicit culture and tradition. One of the things normally associated with this intricate and impenetrably tradition-bound group of people is their immense love for gold. Their temples, sarees, utensils, and sometimes even food are coated in gold. Their jewellery, while stunning, often bears social implications within their own family hierarchies. One of these traditions is upheld even during Deepavali.
A practice followed usually in wealthy households, Thalai Deepavali is the first Deepavali celebrated after the daughter of the house is married off. During her wedding, the father of the bride would have put up a spectacle, no doubt, but on this occasion as well, he has to host his son-in-law with all the splendour he can afford.
A gold ring studded with diamonds Image credit: Wikimedia commons
The newlyweds come to the bride's house to celebrate an elaborate week of festivities. During their stay, no work is required of them. They are pampered and fed with the best food, choice delicacies, and clothed in beautiful adornments. The son-in-law is taken very good care of and is looked up to as the one who takes up responsibility for the welfare of his bride.
Thalai Deepavali is an intimate celebration while it lasts, but its success reflects only when the groom goes back home. As tradition requires, the bride's father is supposed to present the groom with a ring made of gold. Ideally, it is supposed to represent his worth in the family. Based on the prosperity of the bride's family, and the social standing of the groom's family, the ring is also set with precious stones. It is believed that the pure and unchanging nature of gold will rub off on the wearer. It is every father's wish that his daughter is well-placed in the in-laws' house. When the groom returns home, if the ring does not meet the expectations of his family, it is likely that the relations between both families are soured for a long time.
Deepavali celebrations in Chennai, Tamil Nadu Image credit: Wikimedia Commons
As enduring as gold is in the southern states, it is a symbol of their culture more than anything else. On the occasion of Deepavali as well, gold is the light that shines on a girl's marital life and the blessing to her husband's family.
Keywords: Thalai Deepavali, Family Celebration, elicit culture and tradition.