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A democratic state resting on the system of free and fair election based on 'one man one vote' to choose rulers who would use the sovereign power of the state to deal with the world outside and provide equitable treatment to all citizens at home, is, in a nutshell, the description of India as a nation.
Prime Minister Narendra Modi returned with a thumping majority for his party in 2019 on the strength of his government's performance in the first tenure. The Indian voter has an astute sense of judgment when it comes to evaluating the ruling dispensation and responds upfront in appreciating good work or signaling disapproval of whatever seemed to be against the interests of the people at large. Prime Minister Modi arrived on the national scene in 2014 on his own merits as the people were looking forward to replacing a rule that symbolized unchecked corruption and weak governance -- Modi rode on the promise of personal integrity and strong administration and fulfilled that adequately in the first spell of his government. The opposition forces did not inspire confidence -- they seemed to be criticizing the regime on everything -- and the political will Prime Minister showed in dealing with a hostile Pakistan on the national security front as well as the popular outreach schemes his government launched after assuming power, contributed to the bigger victory of Modi's leadership in 2019.
In the second tenure of the Modi government, the opposition in concert with the lobby of Left-liberals, human rights activists, and advocates of 'pluralism' -- both at home and abroad -- built a narrative of 'intolerance', 'Hindutva' and 'authoritarianism' around Prime Minister Modi and set off a social media combat against the government. The outbreak of the Corona pandemic gave the opposition some further points on which to attack the Centre's handling of the health emergency. The opposition is carrying out a battle of perception against the Modi government for achieving its political objectives.
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The distress caused to the migrant labor, the breakdown of the medical care system during the pandemic resulting in a large number of deaths, and the wide economic distress suffered by wide segments of the population -- their impact was more in northern states -- were among the factors that would no doubt impact public opinion. Prime Minister Modi, however, clearly comes off as a leader who devoted all his time and energy to the handling of the emergency and whose intentions to do good to the people were unreservedly accepted by the public at large. In terms of leadership qualities, there is no diminishing of his image. His government has to show concrete results in providing vaccination, financial aid to the people pushed towards destitution and security to every citizen against the trend of public violence raising its head in many areas including West Bengal, Maharashtra, and UP.
The Prime Minister, Shri Narendra Modi distributing the Sanction Letters to the identified beneficiaries of the Pradhan Mantri Awas Yojana (Rural), Rural at a function, in Lucknow, Uttar Pradesh on June 20, 2017. Wikimedia Commons
In these times people of India are going to need special attention from the state in the areas of health, economic deprivation, and personal security. The pandemic has cast upon the democratic state the duty of guaranteeing welfare to the citizens in distress. The Modi government has made some mega announcements about vaccine production and procurement which has given a sense of optimism to people in urban centers. Carrying the vaccination drive to rural India -- to identified areas of states that were badly affected -- is a new challenge where the center-state joint schemes to handle the Covid disaster would prove effective particularly with the meaningful involvement of the district administration. The Prime Minister in a thoughtful move spoke to district magistrates across the country twice and this would set the right atmosphere for a concerted national effort to deal with the pandemic in an ongoing fashion. Mobile arrangements for teams of technical staff, paramedical personnel, and people handling the movement of vaccine stock, visiting contiguous panchayat centers, can be made by district officials while pradhans of the panchayats can keep the registered residents ready for the jab. If there is a primary medical care unit in the panchayat then that should become the vaccine center. Since pandemic is a subject of disaster management, the State Disaster Response Force (SDRF) personnel can be utilized for the vaccine drive in rural India.
The Centre should push towards coverage of half of the population for vaccination on a priority basis as this is considered by medical experts to be the threshold for containing any further Covid waves. The speedup of the construction of hospital infrastructure, neglected for decades, is going to help a great deal shortly. Meanwhile, the Prime Minister has himself launched a nationwide 'skill training' program to raise a hundred thousand 'corona warriors' who would assist the medical teams handling the virus affected people in various ways -- helping with home isolation for instance -- and in the process set the right kind of socio-economic to environ in the country. People have noticed the sincerity of the Modi government is trying to do whatever was possible to mitigate the suffering of the citizens.
An overpowering challenge for the country's governance is the running loss of millions of jobs that the pandemic caused pushing large segments of the population below the poverty line and subjecting innumerable families to a crisis of basic needs like food. The pandemic did see a socio-cultural surge in the country by way of individuals and institutions distributing food and other essential items to the needy on a large scale but the government has the ultimate responsibility of tackling hunger and poverty as part of the economic revival that is being attempted -- this is the challenge faced by other pandemic affected countries as well. Digitization has helped direct transfers of financial aid from the government to the right persons but the situation warrants decentralization of welfare effort to the district level for a realistic outreach.
Digitization has helped direct transfers of financial aid from the government to the right persons but the situation warrants decentralization of welfare effort to the district level for a realistic outreach. Unsplash
Cash distribution to the families in dire need may be attempted by the state depending upon its capacity but the need is for generating work that brought income. In Indian conditions, priority is rightly being accorded to assisting MSMEs. 'Vocal for local' was an insightful policy of revival of the economy 'from below' based on local demands, local procurement, and local delivery. India has at the same time the advantage of its top businesses including IT majors retaining their potential of globalization -- this has helped the fundamentals of its economy. The welfare function of the democratic state demands micromanagement that cannot be handled without flawless Centre-state cooperation. Pandemic has revealed how politics marred a national endeavor for achieving what essentially was an apolitical mission. A serious study has to be made on the question of strengthening 'cooperative federalism' in India by making reforms within the Constitutional framework of the nation.
An important aspect of the prolonged corona crisis is the protection of citizens against crime and public violence. Predictably the era of pandemic lockdowns saw a rise in cyber frauds on one hand and local crimes like housebreaking, murderous attacks for revenge, and sexual assaults on minors, on the other. A reduced police presence and difficulties in taking a complaint to the authorities because of corona curbs, seem to have made the desperate offenders even less fearful of law enforcement. Any case of individuals or groups indulging in violence in public reflects poorly on the law-and-order machinery of the state concerned as police is a state subject.
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However, since an open society like India's is vulnerable to enemy agents and politically motivated elements out to indulge in acts that caused internal tensions and destabilization, the Centre must look into ways and means of improving the functioning of the police across the country in consultation with the states. The system of police beats in both urban and rural areas has to be reestablished and necessary resources provided to the person closest to the ground for improving the public access to the police. Innumerable gangs of cyber hackers have become active in the country trapping mobile phones and bank accounts for fraudulent transactions. The situation requires substantive enlargement of the machinery tasked with the detection of cyber-crimes -- this can become a factor affecting internal security itself.
After the results of the recently held Assembly elections were announced, there has been an intensification of the 'war of words through social media and press conferences, between the opposition and the ruling dispensation on the Modi government's handling of the pandemic and action initiated by the Centre against misuse of Twitter, YouTube, etc for promoting communal discord or inciting disaffection towards the existing order. Domestic politics is beset with legal battles. The opposition camp is deriving strength from the new phenomenon of large groups of retired senior bureaucrats and police officials despatching signed letters to the Prime Minister criticizing the Centre's policies -- ranging from Covid vaccination to utilization of funds for various schemes -- and in the process becoming a part of political activism. All this can, however, influence only a section of the middle class and intelligentsia -- the political fortunes of a party in Indian conditions are determined by the 'masses' or the public at large that go by their own perceptions of the image of leadership at the top and the moves made by it for the benefit of the common man. The Modi government has remained proactive in dealing with the pandemic and its impact on the economy. This is the time for it to reach out to the segments of the population that is in distress because of unemployment and lack of income. Welfare moves of the democratic state are apolitical and they need to be supported up front by all parties regardless of ideological differences. (IANS/KB)
By- Blogger Indifi
EMI is known as equated monthly installments. It is a fixed payment made by the borrower each month to repay the loan amount. The EMI is divided into two loan components. One is the principal amount, and the second is the interest amount. Whether you are applying for a personal loan, business loan, home loan, car loan, or education loan, EMIs are easy to calculate using the EMI loan calculator.
Three parameters based on which EMI calculator works:
- Loan amount.
- Repayment tenure.
- Rate of interest (offered by the lender).
Factors that affect the Loan EMIs
Above, we have discussed the main parameters on which loan EMI is based. Here are the factors that affect the EMIs.
Changes in the loan interest rate: There are three loan interest rates -- fixed, floating, and hybrid.
When an interest rate offered on a loan is fixed, in that scenario, there are no changes in the EMIs.
A floating interest rate is linked to the marginal cost of the fund-based lending rate and can change the loan EMIs. As the rate is flexible, it keeps changing per the repo rate.
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If you have taken the loan on a hybrid interest rate, the interest rate is fixed only for a particular tenure. After that, it is on MCLR to decide the interest rate, and based on the determined interest rate, the EMI changes.
Tenure: When you opt for a loan transfer from one lender to another, there may be a possibility of change in the loan tenure. It will also bring changes in the EMI calculations. If the tenure increases, it will decrease the EMI. In case the tenure is reduced, EMI will increase.
Sample loan chart of a business company Image source: wikimedia commons
The loan amount of repayment is also a reason that affects a loan's EMI. If you make a loan prepayment, it reduces the outstanding principal amount, based on which the EMI amount or tenure is changed.
Benefits of using an online EMI calculator:
- Find out exact EMIs to be paid monthly for any loan.
- Saves time.
- Get a detailed overview of loans applied using the amortization schedule.
- Plan your monthly finances well in advance.
You can set multiple schedules and loan tenures. After a detailed schedule comparison, choose the one that suits well with your financial requirements.
Significance of loan amortization schedule in EMI calculator
A loan amortization schedule data shows the EMI break-ups. It shows how much EMI you need to pay for interest and what you will pay as the principal amount. It is one of the most significant advantages of using the EMI calculator. The EMIs that you pay as principal will keep reducing the loan's principal amount. It will also result in decreasing the interest amount. You will get to know all these things when you use the EMI loan calculator frequently. The amortization schedule is one of the essential features of an EMI loan calculator that helps design the proper prepayment schedule.
The different types of EMI calculators
Home loan EMI calculator
Home loans are one of the most popular and common loans applied for in India. It has a long tenure and a sizable principal amount. Whenever you apply for a home loan, it is essential to do all the EMI calculations in advance. There are various home loan EMI calculators available online with every home loan provider. All that is required to calculate the EMI is the loan amount, tenure, and interest rate. Using a home loan EMI calculator can help you easily plan your finances.
Business loan EMI calculator
Like home loans, business loans also come with a massive principal amount and longer tenures. So, using the business loan online EMI calculator is a smart way to calculate the business loan EMIs. Requirements are the essential loan details, such as repayment tenure, interest rate, and the loan amount. Online, equated monthly installment is automatically calculated at the lender's website.
Personal loan EMI Calculator
Personal loans are multipurpose. It is the reason they are considered as the most applied loan to meet immediate financial requirements. For choosing the right loan amount, you must use the personal loan EMI calculator. It will help you to choose the best interest rate loan offer and tenure. Try to go with the shorter term to pay less interest on the principal amount.
Sample of External Loan amounts Image source: wikimedia commons
Education loan EMI calculator
Education costs increase each year and can cause financial strains on a family. If you are planning to send your child overseas for higher education by applying for an education loan, at that time, the EMI calculator proves to be the best online financial tool. It will help you to decide the right EMI amount where your daily expenses remain unaffected.
Simple interest loan EMI calculator
An EMI calculator is used to calculate the simple interest applicable on the loan amount for a specified tenure. It is one of the most accessible financial tools. All that is required is tenure, a simple interest rate, and the borrowed amount. After that, click on 'calculate' to know the exact EMI to be paid.
Loan against property EMI calculator
If you have any residential or commercial property registered in your name, you can apply for a loan against the property. It is a kind of secured loan, where the property is kept as collateral. To understand how EMI works under this loan scheme, use the loan against the property EMI calculator.
Overall, EMI loan calculators are one of the best financial tools to compare varied loan offers. It provides a clear picture of the total cost of the loan and respective EMIs to be paid monthly. Online EMI calculators are available on every lender's website; whether you are applying for a business loan online, home loan, car loan, personal loan, or any other loan, using the online EMI calculator can help. Just with a click of a mouse, you can keep control of your financial life.
The online EMI loan calculator has been programmed with the formula based on the loan applied. There is no need to worry about the accuracy of the result. All that you are required to share for the calculator to do its job accurately is the right amount, tenure, and interest rate offered by the lender.
Disclaimer: (This article is sponsored and include some commercial links)
The symbol of Swastika is known to signify peace, prosperity, and good fortune in the religious cultures of Eurasia. In fact, this symbol is considered very significant in Hinduism, Buddhism, and Jainism. But, at the same time, it has become one of the most misunderstood religious symbols and has been globally banned in many countries.
The reason why the symbol of Swastika is banned in many countries is because of its association with Adolf Hitler's extreme political ideology, Nazism, as Swastika as its official symbol.
Austria, France, Latvia, Spain, Germany, and Russia are amongst the many countries that have banned the display and use of the Swastika.
Moreover, last week Victoria in Australia is preparing to become the first-ever state to ban the public display of the Swastika. This is a step towards an expansion of anti-vilification laws in the state.
Representation of the Swastika on the flag of Adolf Hitler's Nazi Movement.Photo by Flickr.
Now, we must know and understand what went wrong with this symbol, which is sacred and signifies all-good things.
For a very, very long time, in India, the Swastika is the first emblem that is worshipped or even drawn before any sacred and auspicious ceremonies as this symbol in Sanskrit represents 'well-being'. But, the Swastika lost all its credibility when it was wrongfully used by Adolf Hitler.
In fact, it is believed that if this symbol is worshipped properly, then it gives positive results. But if it is abused, then it gives negative results. So, when Adolf Hitler rotated the Swastika at 45 degrees, it slowly and steadily brought misery not only to Adolf Hitler and his theory of Nazism but also to all the people who were associated with him.
Therefore, in order to give the kind of respect and credibility which the Swastika deserves, World Interfaith Harmony Week which was held in New York in February this year, interfaith groups appealed to the United Nations to recognize and acknowledge the Swastika as an important and peaceful symbol. In fact, they also differentiated it from the Hakenkreuz or "Hooked Cross" of Adolf Hitler.
Keywords: Swastika, Symbol, Nazism, Hinduism, Adolf Hitler, United Nations, Buddhism, Jainism
India celebrated a historic day on August 7, as 23-year-old Neeraj Chopra became the first Indian to win an Olympic gold medal in athletics. In the men's javelin throw event, he achieved his greatest triumph, throwing the javelin 87.58 meters on his second try.
Neeraj Chopra was born on December 24, 1997, in Khandra village in Haryana's Panipat district. He grew up in a Haryanavi family of farmers. He is the brother of two sisters. He graduated from Dayanand Anglo-Vedic College in Chandigarh and is now enrolled in Lovely Professional University in Jalandhar, Punjab, pursuing a Bachelor of Arts degree. Chopra was bullied due to his obesity as a kid, which prompted his father to enroll him in a nearby gym. He then joined a gym in Panipat, where Jaiveer Choudhary, a javelin thrower, noticed his potential and coached him. When the 13-year-old Chopra finished training under Jaiveer for a year, he was enrolled at the Tau Devi Lal Sports Complex in Panchkula, where he began training under coach Naseem Ahmed.
In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018. | Wikimedia Commons
Chopra's first international medal came in 2014, as he took home a silver medal at the Youth Olympic Qualification Tournament in Bangkok. In 2015, he set a world record in the junior category of 81.04 meters in the 2015 All India Inter-University Athletics Meet.
Since emerging into the public eye with a historic gold medal at the junior world championships in 2016, he has maintained a high level of performance, setting an Under-20 world record of 86.48m, which still stands. Gold medals in both the 2018 Commonwealth Games and the 2018 Asian Games are among his other accomplishments, including a first-place in the 2017 Asian Championships. In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018.
Chopra has also had his share of bad events in life. In 2019, he underwent surgery on the elbow of his right throwing arm, which kept him out of the game for almost a year. However, he returned more robust than ever. In November 2019, he went to South Africa to train from Klaus Bartoneitz. He spent the following year in India training at the NIS Patiala because of the COVID-19 pandemic. He was allowed to go to France with his coach after weeks of trying to get a travel visa.
Neeraj Chopra made history in the 2020 Tokyo Olympics by becoming the first Indian to win a gold medal in athletics. Also, it is worth mentioning that after Abhinav Bindra, Chopra is only the second Indian to win an individual gold medal.
Keywords: Neeraj Chopra, Olympics, Tokyo2020, Gold medal, javelin, India, Haryana