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New Delhi: There are unlikely to be any outright winners in the latest confrontation between the Bharatiya Janata Party (BJP) and the Congress over the National Herald case which entails a legal battle involving Sonia Gandhi and Rahul Gandhi.
What is more, there will be an unsavoury twist to the case with less than comforting implications for the BJP if the Congress’s crown prince carries out his threat of courting imprisonment. Even if the ruling party dubs such an act as theatrical, it will be aware that the sight of Rahul Gandhi behind bars cannot but be embarrassing for the BJP.
Such a dramatic turn of events may fuel speculation that the absence of a sound legal defence has compelled the Congress to turn the encounter into a political duel. But such tricks of the trade are an acceptable part of democratic politics. For the BJP, the immediate problem will be the future of the Goods and Services Tax (GST) Bill since the Congress is bound to use the charge of being a victim of political vendetta to stall parliament.
It is a provocative tactic which seemingly suits Rahul Gandhi’s post-sabbatical belligerence which is increasingly resembling his late uncle Sanjay Gandhi’s confrontational brand of politics. If the fate of the GST Bill is sealed for the time being, the BJP may wonder whether the penchant of the maverick in its ranks, Subramanian Swamy, to involve his adversaries in court cases may have backfired.
The BJP may argue that Swamy has been acting on his own in pursuing the National Herald case and that it is mean-minded of the Congress to mix up the GST Bill with its own legal difficulties in a Goebbelsian manoeuvre, as Finance Minister Arun Jaitley has said. But, since democracy is known to be messy, the case for the compartmentalization of its various aspects may not be foolproof.
As it is, the Congress has found a supporter in Mamata Banerjee even if she is playing her own game of keeping the Congress away from a possible alliance with the Left in West Bengal before next year’s assembly elections.
Besides, both the Congress and the Trinamool Congress have a point in saying that the interest which the central authorities have shown in the National Herald case is not visible in the Vyapam and the public distribution system scams in Madhya Pradesh and Chhattisgarh, which are governed by the BJP.
Nothing demonstrated the extra interest that the authorities have taken in the National Herald case more clearly than the transfer of an Enforcement Directorate official who had dismissed the charges against the Congress leaders. The transfer was quickly followed by the appointment of another official and the revival of the case after Swamy had accused the previous incumbent of having been favourably disposed towards the Congress.
It is now up to the judiciary to address the nitty-gritty of the affair. But public interest will be focussed more on how the political skirmishes unfold than in the details of the case.
As Sonia Gandhi’s comment that she is Indira Gandhi’s daughter-in-law shows, she and her party have in mind the blunder committed by the Janata government in 1977 when it tried to implicate the doughty former prime minister in legal tangles.
Indira Gandhi’s spirited response – like a sherni or lioness, as was said at the time – paved the way for the Congress’s return to power in 1980.
History may not always repeat itself – or does so in the form of a farce, as Marx said – but even if the Congress under Sonia Gandhi is not what the Congress was under Indira Gandhi, the BJP also is not as much of a winner as it was last year, as its massive defeats in Delhi and Bihar have shown.
The party has also exhibited a vindictive streak as its cases against Teesta Setalvad for her role in aiding Gujarat’s riot victims show. Its acts against reputed NGOs like Greenpeace also underline a similar mentality. Its claim, therefore, that the Narendra Modi government is no more than a bystander in the face-off between the Congress’s big guns and Swamy, who is a member of the BJP’s national executive, will not be widely believed.
For all practical purposes, therefore, it is going to be a Tom and Jerry show with neither emerging with flying colours. Each side will try to hit the other where it hurts the most – the Congress by creating a ruckus in parliament even if it earns the reputation of being petty-minded, and the BJP by arguing that none in the Congress’s first family – Sonia Gandhi, Rahul Gandhi, Robert Vadra – is above the law.
The endless slugfest, however, between the two “national” parties (although neither has a presence in all parts of the country) carries the threat of not only derailing the reforms – Swamy has suggested that the GST can be dumped for the sake of fighting corruption – but also of fostering the impression that the parliamentary system is becoming unworkable.
It is unfortunate that at a time when Modi adopted a conciliatory tone in parliament, a member of his party acted in a manner which introduced fresh complications in the relations between the BJP and the Congress. It is almost as if the right-hand does not know what the left is doing.(IANS)
By- Tejas Maheta
When attempting to summarise the current performance and future portents for the South Asia economy, it's arguable that most of the region's nations are doing relatively well.
Malaysia offers a relevant case in point, as despite combatting Covid-19 whilst also dealing with a global oil price crash and political instability, the nation is poised to record economic growth of 0.5% by the end of 2020.
Sure, this is noticeably down on the initial 2002 forecast of 4.8% growth, but it needs to be considered against the backdrop of an unprecedented combination of socio-economic and geopolitical challenges.
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Similar trends have been reported in Vietnam and Hong Kong, the former of which has recorded no coronavirus deaths at all and remains one of the few nations on course to achieve economic growth this year. But which nations are really leading the recovery in this region, and what should we expect going forward?
Surviving Covid - Currencies and Stimulus Packages
Of course, one thing that unites these nations is the proactive rollout of generous stimulus and quantitative easing packages, with Malaysia having provided an RM295 billion injection into the economy.
Of this, an estimated 15% (approximately RM45 billion) is a direct fiscal injection in the government, with the remaining capital introduced in the form of slashing base interest rates and managing inflation.
Hong Kong has also introduced several rounds of quantitative easing measures since February, with April's iteration providing an HKD120 billion relief package and taking the total government stimulus investment to HKD290 (which equates to 9.5% of Hong Kong's gross domestic product).
In the case of both Malaysia and Hong Kong, these measures have also helped to boost the value of domestic currencies. The Hong Kong dollar rose for the fifth consecutive day last week, for example, while the HK Monetary Authority sold a further HK£3.72 billion of local currency and continued to boost their capital inflows as a result.
The Malaysian Ringgit has also performed relatively well against major currencies of late, although it faces additional challenges in the form of the recent global oil price decline.
So, although crude oil prices have recently rebounded slightly, Malaysia's currency value has been impacted by rising capital outflows and forced to trade within an increasingly narrowing range.
Common Ringgit notes Image source: wikimedia commons
A Look Ahead - What Can we Expect?
Asia was the region first affected by Covid-19, and therefore it stands to reason that its nations should have commenced their recovery quicker than those in Europe and the US.
Interestingly, the shoots of recovery may be green in more ways than one, with the Export-Import Bank of Korea leading the return of Asian green bonds in the primary financial market.
Also Read: Zimbabwe Ends Its Interim Currency
Of course, the idea of sustainable finance and investment has been a hot-button topic in Asia for a while now, while we've also seen a significant increase in demand for Green, Social and Sustainability (GSS) bonds in recent times.
This followed the introduction of a 700 million Euro green bond and Korea's pledge to achieve net zero carbon emissions by 2050 (following hot on the footsteps of the UK).
With these points in mind, there's clearly the potential for Asia to build on its relative strength and initial Covid-19 recovery by investing in sustainable assets and building a considerably greener future.
(Disclaimer: This article is sponsored and contains commercial links)
How Can A Person Create His Cryptocurrency, And What Are The Benefits Of Creating His Cryptocurrency?
By- Jean Nichols
Bitcoin is the first cryptocurrency, and many people have been inspired by bitcoin, and they started to create their cryptocurrency. Even many people are creating their cryptocurrency. Daily there is a new cryptocurrency that is created daily. In this further, we will discuss the factors required to make our cryptocurrencies are.
What are the benefits of cryptocurrency?
There are many benefits of investing in cryptocurrency on https://bitcoin-loophole.live/ . Because of this reason; there are many people who have shifted from the share market to cryptocurrency for investment purposes and for earning huge profits.
●The primary advantage of cryptocurrency is that the market of cryptocurrency is very volatile and rises and falls very quickly. So just by getting the knowledge, one can very quickly invest in cryptocurrencies.
●The second main advantage of investing in bitcoin is that it is a universal currency. One can easily invest in cryptocurrencies and use Them in any part of the world.
●This is a universal currency, so it is straightforward to make international transactions through it. International transactions take very little time on this platform.
There are some of the other primary advantages too, like less time-consuming, low transaction charges, etc.
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A chart depicting crypsocurrency rates and prices Image source: wikimedia commons
Are factors necessary for creating your own cryptocurrency?
While creating your own cryptocurrency, there are some factors that need to be taken care of before starting work on them.
●The major thing which is required in this is that we require a professional coder who has essential experience. He can help us create our own cryptocurrency by doing satisfactory coding.
●Another thing we need is the blockchain. In the case of the blockchain, we can create our own blockchain, which would cost very high and which would be very time consuming; instead of that, we can use the blockchain of some other cryptocurrency. Now there comes the difference, if we are creating our own blockchain, then it will be known as the coin, and if we are using the blockchain of some other crypto, then it will be known as a token.
●Another major thing required for creating our own cryptocurrency is that we need full-time customer care support, which can handle customers easily.
●Another thing is that we require a proper payment gateway so that we can make the money transfers very conveniently.
●The last factor which controls all the above factors is that we need a considerable investment amount and along with that the investors.
What are the advantages of new cryptocurrency?
There are many advantages of creating own cryptocurrencies:
●The owner of the cryptocurrency can hold a large proportion of the bitcoin on his own, and when the prices of the crypto rise, then he can easily sell the crypto in proportions and can live a luxurious life.
●The prices of the new cryptocurrencies rise; there are no chances of falling down of the bitcoin prices as the new crypto price rises continually as anyone invests in it.
Bitcoin is well on its way to replacing or globalising currency Image source: wikimedia commons
As with the time, a new cryptocurrency should give some benefits to the users:
●It should provide fewer transaction charges as much as possible; this is also the main thing that matters in cryptocurrency.
●The payment gateway should be the best, and there should not be the payments on hold in it; the user hates these types of things.
●Customer service should be the best one and deal with the customers in the best way possible. Because polite customer service can impress the customer and he will recommend others to invest in the cryptocurrency.
Here we have discussed the factors which are very necessary for a new cryptocurrency. There are benefits both to the users as well as to the people who are investing in cryptocurrency. The owner of the cryptocurrency will earn money by keeping the central part of the holdings and sales in it in the future.
The users can earn profits by investing in it initially and sell it in early times as there will be the price of the crypto in the skies. So, this was all about creating your own cryptocurrency; the only problem which arises is that there comes the problem of the funds' collection.
(Disclaimer: This article is sponsored and contains some commercial links)
By- Steve Carty
Blockchain technology has proven over the years that it is here to stay, and one of the infrastructures that it houses is the Binance Smart Chain (BSC). The BSC has many benefits, like lower gas fees, and already has many tokens listed on it. This is why we believe the HUH Token is being created on such a secure and affordable platform.
Apart from affordability and security, the BSC also solves some of the associated problems with the other Blockchain networks. This includes scalability issues that arise during periods of elevated congestion. BSC also has Proof-of-Staked-Authority (POSA), which makes the process less energy-intensive, and faster.
To understand how the blocking technology works, understand the following:
The BSC works in line with the Binance Chain, and it is the network that the HUH Token will be listed on. The BSC network works using the Proof-of-Staked-Authority (POSA); this essentially means that people who work on validating the network usingsome BSC tokens to participate and are compensated with the fees from transactions. The BSC does not work with the BEP-2 and BEP-8; rather, it uses the much faster BEP-20. This architecture is related to ETH-20 Tokens, which implies that they can be easily swapped.
The BSC network has seen a surge in users and prices since it was first introduced. It has gained competitive capacity and become one of the most embraced systems, even rivaling Ethereum.
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The BSC network has seen a surge in users and prices since it was first introduced. | Pixabay
The New HUH Token to be on BSC
The HUH Token is having a lot of effort put into it by its developers. This was why the BSC network was adopted. It means that all the benefits listed – like faster transactions, cheaper gas fees, and easy movement of tokens even during congestions – will also be enjoyed by those who buy the HUH Token. With the growth of the BSC network, the Token will continuously evolve andimprove.
The HUH Token will be using a referral system that will revolutionize the wayan individual can make passive income. By sending out a referral link to friends and family,they can just sit at home wait for the rewards to arrive. We expect this to change the game and the way everyone views crypto.
ALSO READ: Interesting Facts About Crypto Portfolios
When they launch in 2 weeks,they will showcase to the world that the HUH Token willreward both holders and active referrers, and that the reward will be in BNB and in HUH redistribution.
Let's see what the coming days and weeks will bring.
Follow them on their Socials before they Launch:
(Disclaimer: This article is sponsored and include some commercial links)