Monday October 23, 2017
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India and Bangladesh ratify Land Boundary Agreement

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By NewsGram Staff Writer

In a historic moment, India and Bangladesh on Saturday ratified the Land Boundary Agreement. India’s Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina presided over the ceremony of exchange of instruments of ratification of the land swap.

“History is made as the Instruments of Ratification of the Land Boundary Agreement are exchanged,” Modi tweeted.

Under the agreement, each country will take over most of the enclaves on its territory and the residents will have the choice either to stay where they are, or move to the other side of the border.

The land dispute between the two neighbouring countries has remained a contentious issue for several years.

Click here to read more about India- Bangladesh border issue.

 

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PM Modi inaugurates Ferry Service, Calls it his ‘Dream Project’

Calling it his dream project, PM Modi has called the service "a landmark occasion for entire South-East Asia".

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Prime Minister Narendra Modi. Wikimedia

Gujarat, October 22, 2017 : Prime Minister Narendra Modi inaugurated the first phase of the Ghogha-Dahej Ro-Ro ferry service, a first-of-its-kind project in India, calling it “a landmark occasion for entire South-East Asia”.

Describing it as his dream project, Modi said the ferry service was his “invaluable gift to India” and claimed that the even for South-East Asia, this was the first project of its size.

He said it were his efforts that gave birth to this ferry service which he had heard about only in his school days.

“It seems implementation of all good works are my luck,” Modi joked. “New changes don’t come from cliched attitude but new thinking. We changed the way of thinking,” he said.

He said the service would shorten a 360-km distance to 31 km or a journey of seven hours to one hour. (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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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)