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Indian victory in 1965 war ‘indisputable’: Ministers

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New Delhi: Defence Minister Manohar Parrikar and Finance Minister Arun Jaitley on Tuesday said that the country’s victory in the 1965 Indo-Pak war was “indisputable”.

photo credit: www.oneindia.com
photo credit: www.oneindia.com

India’s victory in the 1965 war was “indisputable”, Parrikar and Jaitley said while speaking at the inauguration of a six-day exhibition showcasing that war here.

Parrikar said the 1965 India-Pakistan war was the first “major war India won hands down”.

“I feel, as a nation, this was the first major war India won… some people raise questions if it was a stalemate… I think as a nine-year-old I was of the firm opinion that India won hands down,” Parrikar said.

“India won because of the efforts of all the names you can see and the countrymen together… the country was united,” the minister said.

He lauded the holding of the exhibition and said that “a nation that remembers its history, a nation which remembers its martyrs, is a nation which develops and is secured. I feel very confident today that the country is secure in your hands”.

The minister said he could never forget the sacrifice of Company Quartermaster Havaldar Abdul Hamid, who sacrificed his life in the Battle of Asal Uttar, and was posthumously honoured with the country’s highest military decoration, the Param Vir Chakra.

Finance Minister Arun Jaitley called the occasion “nostalgic”, and said India secured a decisive victory in the war.

“A huge sacrifice was made and the enemy was shown its place by demonstrating the superiority of our armed forces and their professionalism in scoring this decisive win,” said Jaitley.

“I remember, as a young school boy at that time, while our armed forces were defending our borders, the whole country used to be glued in to the radio… and then, supporting emotionally and materially the armed forces.”

A commemorative coin and commemorative stamp was also released on the occasion.

Named ‘Shauryanjali’, the exhibition will be on from September 15 to 20.

The exhibition will see the recreation of major battle scenes of the war and showcase the role of various arms and services during the war.

Covering around 50,000 square metres on Rajpath, the exhibition has pavilions that showcase the role of the three armed forces, Central Reserve Police Force, media, Prasar Bharti and International Red Cross in the war.

Also on display is the gun-mounted jeep that Company Quartermaster Havildar Abdul Hamid used to hunt down and destroy the Patton tanks of Pakistan.

Major battles being recreated at the venue are battles of Asal Uttar, Haji Pir, Burki, Dograi and Phillorah.

The culmination of the exhibition, a carnival ‘Indradhanush’, will see Sukhoi-30 fighter jets flying in ‘Missing Man’ formation along with Mi-17 V5 helicopters. It will be the first time apart from Republic Day parades that fighter jets will conduct the flypast over India Gate.

The Indian Air Force’s skydiving team ‘Akash Ganga’ will do a para-drop from the helicopters on India Gate lawns. The Indian Army helicopters will also perform a flypast.

A documentary film on the war would be shown during the exhibition.

(IANS)

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Is investing in Bitcoin safe? Get the basics first!

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India has not legitimized bitcoin, hence investment returns are totally based on demand i.e. you get your return only if there is another buyer in the market who is ready to pay you more for it. Currently the high-value of the digital currency owes to its high demand, but once people start selling, there is a possibility that rates will drastically fall. Pixabay
India has not legitimized bitcoin, hence investment returns are totally based on demand i.e. you get your return only if there is another buyer in the market who is ready to pay you more for it. Currently the high-value of the digital currency owes to its high demand, but once people start selling, there is a possibility that rates will drastically fall. Pixabay

With the fussy mania of Bitcoin going around and past, your eyes and ears, in the news and peer discussions, you must be having some basic questions about it: What is bitcoin? Is it legal? How can I get it? But most of all, you must be thinking, ‘Is investing in Bitcoin safe?’

Let’s find out!

Pluto Exchange has launched first app that will trade in bitcoins in India
Pluto Exchange has launched the first app that will trade in bitcoins in India. Wikimedia commons

ALSO READ: Bitcoin Worth Millions Stolen Days Before US Exchange Opens

Clearing the basics

  • Bitcoin is the first ever cryptocurrency that existed, it was invented in 2009 by Satoshi Nakamoto.
  • Cryptocurrencies are nothing but computer codes that have monetary value. No Government has any control over them.
  • Bitcoins ‘self-contain’ their value i.e. there’s no need for any bank to move or store the money.
  • Bitcoin currency is completely unregulated and decentralized.
  • Bitcoins are mined, and they can be mined by anyone in the general public who has a strong computer. However, only 21 billion of bitcoins in total can be mined. Currently, there are around 11 million in circulation.
  • Bitcoin has no underlying physical monetary base to support its value, and it is totally subject to its demand in the market.

What are the risks?

  • Low demand: India has not legitimized bitcoin, hence investment returns are totally based on demand i.e. you get your return only if there is another buyer in the market who is ready to pay you more for it. Currently, the high-value of the digital currency owes to its high demand, but once people start selling, there is a possibility that rates will drastically fall.
  • Unregulated: There is no bank or government tax agency that can track your money and its movement. Hence, it can become a tool for money laundering.
  • Irreversible transactions: There is no insurance protection of your bitcoin wallet i.e. if you lose your wallet’s hard drive data or even your password, your wallet’s content is gone forever.
There is no insurance protection of your bitcoin wallet i.e. if you lose your wallet’s hard drive data or even your password, your wallet’s content is gone forever. Pixabay
There is no insurance protection of your bitcoin wallet i.e. if you lose your wallet’s hard drive data or even your password, your wallet’s content is gone forever. Pixabay

ALSO READ: How can you trade in Bitcoin in India?

Status of Bitcoin in India

Finance minister Arun Jaitley highlighted in a statement that cryptocurrencies are not legal tender and have no regulatory permission or protection in the country.

However, there was no announcement banning or imposing any curbs on the same. The government panel is also awaiting a report on tackling cryptocurrencies in India, Jaitley said.

The government has recently cautioned investors to be wary of virtual currencies like bitcoin, saying they are like Ponzi schemes with no legal tender and protection.

“One of the features of cryptocurrency is that there is lack of dependence on the state. It functions with a degree of anonymity. It operates within a virtual community which is created and enjoys the trust of that virtual community,” Finance Minister Arun Jaitley told the Rajya Sabha.

“The government is examining the matter. A Committee under the chairmanship of the Economic Affairs Department Secretary is deliberating over all issues related to cryptocurrencies to propose specific actions to be taken… Instead of taking any knee-jerk action, let’s wait for the report of this committee.” Jaitley added