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With Gandhi & Churchill sharing the same ground, can they finally become friends?

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Gandhi statue

By Harshmeet Singh

One of the biggest news of this week was the unveiling of Mahatma Gandhi’s statue in Britain’s famous Parliament square. The 9 foot tall bronze statue is ironically dedicated to the group of people he stood against – the loyal servants of the British Empire. Funded by the Gandhi Statue Memorial Trust which was founded by Meghnad Desai, the statue was given shape by the famous British sculptor Philip Jacksonn.

When the British PM David Cameroon was unveiling his statue in the presence of Arun Jaitley, Amitabh Bachchan and Gopalkrishna Gandhi (Gandhi’s grandson), Bapu was being gazed at by his old nemesis, Winston Churchill.

Unveiled on the occasion of completion of 100 years of Gandhi’s return to India from South Africa, the magnificent statue would be in an esteemed company of Sir Robert Peel, Nelson Mandela, Abraham Lincoln, Winston Churchill and a number of other former British PMs.

Gandhi & Churchill

It is hard to imagine the installation of Gandhi’s statue going too well with Churchill, considering that the latter was a staunch opponent of everything Gandhi stood for.  In 1931, Britain invited Gandhi to hold peace talks. Gandhi saw no reason to change his attire before attending the important meeting with the Viceroy.  Not impressed with Lord Irwin’s decisions to carry on negotiations with Gandhi to ensure a political truce in India in 1931, Churchill remarked “It is alarming and also nauseating to see Mr. Gandhi, an Inner Temple lawyer, now become a seditious fakir of a type well known in the East, striding half-naked up the steps of the Viceregal Palace, while he is still organizing and conducting a defiant campaign of civil disobedience, to parley on equal terms with the representative of the King-Emperor. I am against these conver­sations and agreements between Lord Irwin and Mr. Gandhi. . . The truth is that Gandhi-ism and all it stands for will have to be grappled with and finally crushed.”

True to his image of remaining calm, Gandhi sent a letter to Churchill with the following words –

“Dear Prime Minister,

You are reported to have a desire to crush the simple ‘Naked Fakir’ as you are said to have described me. I have been long trying to be a ‘Fakir’ and that naked — a more difficult task. I, therefore, regard the expression as a compliment though unintended. I approach you then as such and ask you to trust and use me for the sake of your people and mine and through them those of the world.

Your sincere friend,

K. Gandhi”

Despite Churchill’s evident animosity towards him, Gandhi wanted to meet him when he was in London for the second round table conference, a request which Churchill refused. Churchill’s imperialistic approach was never in line with Gandhi’s democratic values. Churchill was ever so against the labour party’s decision to grant independence to India. The massive bloodshed during the partition gave him a reason to remind everyone of his views, saying “The fearful massacres which are occurring in India are no surprise to me.”

Never the one to hide his likes and dislikes, Churchill was all praise for Jawaharlal Nehru and called him “Here is a man who has conquered both hate and fear. A smartly dressed diplomatic Nehru was always going to be more pleasing to the eyes of Churchill. After the death of Mahatma Gandhi, condolences poured in from all across the world, excluding Churchill. Although he had gone a bit softer on Gandhi after he was ousted from the post of British Prime Minister, he could never like Gandhi enough.

Gandhi’s statue at the Parliament Square has intentionally been made slightly smaller in height than most of the statues already present in the area, indicating his will to be considered a common man. With Gandhi and Churchill sharing the same home now, let’s hope they finally become friends!

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Copyright 2015 NewsGram

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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