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Terrorism cannot be classified into good, bad: Modi at SAP center

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By NewsGram Staff-Writer

San Jose: Taking a dig at the UN, Prime Minister Narendra Modi asked if the world body takes so long to define terrorism how will it uproot the menace. He further stressed that terrorism cannot be classified as good and bad terrorism.

Photo Credit: news.chennaionline.in
Photo Credit: news.chennaionline.in

Addressing a cheering Indian community at the SAP Center, Modi said he hoped the UN would come to a decision on how to define terrorism.

“We cannot safeguard humanity if we do not come to an agreement on what constitutes terrorism. Terrorism is terrorism, there can be no differentiation between good and bad terror,” he told Indian community members.

Recounting his interactions with US State Department officials many years ago, he said that in 1993 when he had mentioned to them that India was afflicted by terrorism, they had refused to acknowledge it as a terror and had insisted that it was only a law and order problem.

He further added that after the US itself faced the 2001 terror attack, the tone and tenor of US State Department officials changed on the issue of terrorism.

“…my country had been afflicted by it for the past 40 years,” he said.

“The world has to realize that terrorism can hit anyone at any place, and it is the world’s responsibility to recognize it and unite against terrorism,” he said, adding that he will raise this issue at all international fora.

Modi said that in the 70th anniversary year of the UN it is the responsibility of the world body to unite and fight terrorism for the sake of maintaining peace in the world.

“I come from the land of Mahatma Gandhi and Buddha, the icons of peace,” he said.

(With inputs from IANS)

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The Answer to The Impending Questions On Demonetization Are Here

While it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

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Indian Currency. Pixabay

Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, Resever Bank of India  has announced, indicating the move did little to slow the underground economy.

Prime Minister of India, Narendra Modi’s currency decree, which was designed to destroy the value of billions of dollars in untaxed cash stockpiles, caused an economic slowdown and months of financial chaos for tens of millions of people or demonetization.

Modi announced in a November 2016 TV address that all 500-rupee and 1,000-rupee notes, then worth about $7.50 and $15, would be withdrawn immediately from circulation. The banned notes could be deposited into bank accounts but the government also said it would investigate deposits over 250,000 rupees, or about $3,700. The government eventually released new currency notes worth 500 and 2,000 rupees.

 

demonetization
An activist of Congress party hold the banned 500 and 1000 rupee notes.

 

In theory, the decree meant corrupt politicians and businesspeople would suddenly find themselves sitting on billions of dollars in worthless currency, known here as “black money.”

“A few people are spreading corruption for their own benefit,” Modi said in the surprise nighttime speech announcement of the order. “There is a time when you realize that you have to bring some change in society, and this is our time.”

But even as the decree caused turmoil for those in India who have always depended on cash — the poor and middle class, and millions of small traders — the rich found ways around the currency switch. In the months after the decree, businesspeople said that even large amounts of banned currency notes could be traded on the black market, though middlemen charged heavy fees.

demonetization
Prime Minister Narendra Modi along with mayor, flickr

The reserve bank of India report said in its Wednesday report that 99.3 percent of the $217 billion in notes withdrawn from circulation had come back into the economy. Some officials had originally predicted that number could be as low as 60 percent.

Also Read: Diverse Gathering To Be Addressed This World BioFuel Day: PM Narendra Modi

“Frankly, I think demonetization was a mistake,” said Gurcharan Das, a writer and the former head of Proctor & Gamble in India. He said that while it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

“You can’t overnight change that in a country which is poor and illiterate. Therefore, for me it’s not only an economic failure but a moral failure as well,” Das said. (VOA)