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British Indian Lawyer Sarosh Zaiwalla Invited to Russia in St Petersburg International Economic Forum 2017 (SPIEF) attended by PM Narendra Modi

Zaiwalla has had a long running relationship with the Russian government

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Sarosh Zaiwalla,a British Indian Lawyer has been maintaining good ties with Russia.Twitter
  • Sarosh Zaiwalla, founder of Britain-based Zaiwalla & Co, will attend the Economic Forum to be held between June 1-3
  • Zaiwalla has had a long-running relationship with the Russian government
  • Zaiwalla & Co. continues to closely work with Russia, tying together their international expertise in the legal space across the world

Moscow, June 2, 2017: British Indian lawyer Sarosh Zaiwalla, who has represented the Russian government in several arbitration cases, has been invited by Russian Deputy Prime Minster Sergei Prikhodko to attend the St Petersburg International Economic Forum 2017 (SPIEF), where visiting Indian Prime Minister Narendra Modi is the guest of honour, a statement said.

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Zaiwalla, founder of Britain-based Zaiwalla & Co, will attend the Economic Forum to be held between June 1-3, which will also see Russian President Vladimir Putin and Austrian Chancellor Christian Kern in attendance, a statement from the firm said.

Zaiwalla has had a long running relationship with the Russian government, and had successfully represented it and allied organisations including oil giant ROSNEFT, against western imposed sanctions.

Zaiwalla & Co. continues to closely work with Russia, tying together their international expertise in the legal space across the world, with the firm having also represented various high profile clients such as the Chinese government, Iran’s Bank Mellat, the Dalai Lama, the Gandhi family and the Bachchans in India, it said. (IANS)

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Richard Thaler Supported Demonetisation, there is More to the Story

Demonetisation is what Richard Thaler had long supported. However, he remarked "Really? Damn," when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 notes thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.

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Richard Thaler
Richard Thaler won the Nobel Prize in Economic Sciences on 9th October.Wikimedia

When Prime Minister Narendra Modi decided to scrape Rs 500 and Rs 1,000 notes last November, Nobel Prize winner Richard Thaler supported demonetization describing it as a policy that he had long supported.

Dr. Richard Thaler, a Professor of Economics and Behavioural Science at the University of Chicago won the Nobel Prize in Economic Sciences on 9th October.

Did Richard Thaler really support demonetization in the way BJP took it? There is more to the story than what meets the eye.

As soon as Thaler was declared the Nobel Prize winner, members of the Bharatiya Janata Party (BJP) started sharing Thaler’s tweet regarding demonetization on social media affirming that the move which was severely criticised by the members of the opposition was actually supported by a Nobel Prize winner. The BJP IT cell head Amit Malviya retweeted the old tweet within a fraction of a second.

However, Richard Thaler remarked “Really? Damn,” when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 note thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.

It was not only the BJP supporters but also a large number of BJP leaders who were flowed away with incomplete picture depicted by Malviya and tweeted about it.‬ This included Union Minister Giriraj Singh, former BJP IT Cell Head Arvind Gupta, and many others.

Soon after, twitterati realized that the full picture of Thaler’s statement on demonetization was rather hidden.

Prime Minister Modi declared that the motivation behind scrapping Rs 500 and Rs 1,000 notes was to promote cashless economy and reduce corruption. This decision was severely criticised by different sections of the society putting on Modi the ultimate responsibility for heralding economic deceleration. Demonetisation pulled down India’s GDP growth rate to a mere 6.1% in 2016-17.

Some highlighted that the introduction of Rs 2000 note was an ephemeral panacea for remonetization and that its printing has been terminated.

-Prepared by Mohima Haque of NewsGram, Twitter: mohimahaque26

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Mann Ki Baat: Modi Recalls ‘Khadi Movement’, Urges People to Use Khadi

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Narendra Modi
Prime Minister Narendra Modi in Varanasi

New Delhi, Sep 24: Prime Minister Narendra Modi in his recent ‘Mann Ki Baat’ show, memorialized ‘Khadi Movement’.  He urged the masses to promote khadi usage and take it forward as a movement. “I had earlier mentioned that Khadi was not a cloth but a movement which should be taken forward,” Modi said in the 36th edition of his monthly radio programme, “Mann Ki Baat”.

Stating that he has observed a surge in the people’s interest towards Khadi, the Prime Minister said that the sale of the fabric has also increased due to which the employment among poor people has seen a rise.

“We must work towards lighting lamps in the houses of people engaged in the Khadi industry this Diwali,” he said.

“The Khadi ashram in Uttar Pradesh’s Varanasi was defunct for the last 26 years, however, it has now been revived,” Modi added. (IANS)

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PM Narendra Modi: Don’t believe in vote bank politics, Nation comes first

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Prime Minister Narendra Modi.
Prime Minister Narendra Modi. Wikimedia

Varanasi, Sep 23: Prime Minister Narendra Modi, on Saturday, said that the BJP did not believe in vote bank politics as the country was above party politics. This is his second day of the visit to his parliamentary constituency in Varanasi.

Modi told a gathering that he had launched a major war against corruption and the corrupt to ease the life of the common man. He also said cleanliness was worship for him as it could rid the poor of various diseases and a lot of economic burdens.

“Governance for us is not about votes or winning elections. The priority is the development of the nation. For us, the country is bigger than party,” he said, in his address to farmers in Shahanshahpur on the outskirts of Varanasi.

He said most of the problems faced by the common people in India were rooted in corruption.

“I have launched a war against it and will take it further to ensure that graft is weeded out from the country.”(IANS)