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China on mind, India-Maldives talk ways to protect Indian Ocean

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Prime Minister Narendra Modi and visiting Maldivian President Ibrahim Mohamed Solih on Tuesday reviewed bilateral “strategic ties” in what is viewed by diplomats as an important exercise aimed at exploring

ways to keep the Indian Ocean safe from coercive practices like ‘Chinese expansionism’. The two leaders also reviewed various other aspects of the bilateral ties between India and the Maldives. Diplomatic sources told The Daily Guardian Review that Chinese expansionist agenda was always on the mind when PM Modi and Solih discussed the issues under the segment of ‘defence and security’. Sources further said that Beijing was again an elephant in the room when External Affairs Minister S Jaishankar held talks with the Maldivian President on Monday. Salih’s reiteration of “India-First Policy” as Maldives’ priority is a signal to Beijing which is evidently sparing no effort to expand its footprint in Male, and for that matter, in the Indian Ocean Region so as to foment troubles for New Delhi. After meeting President Solih, Jaishankar had set the tone for the visit by tweeting, “Our Neighbourhood First and Maldives’ India First policies are complementary. They take our special relationship forward.”

The India-Maldives joint statement released after PM Modi-Solih talks has also some veiled but terse messages for China as well. In what will give China a lot of heartburn, the joint statement says that Prime Minister Modi underlined that the Maldives occupies a special place in the hearts of Indians and in India’s «Neighbourhood First” policy. “President Solih reaffirmed his government’s «India-First Policy”,” the statement adds.

The joint statement further says that “This partnership is a force for stability in the Indian Ocean Region. Recognizing that the security of India and the Maldives are inter-linked, the two leaders reiterated their assurance to be mindful of each other’s concerns on the security and stability of the region; and to not allow their respective territories to be used for any activity inimical to the other.” While interpreting it, diplomatic sources say that “the signal here is for China and its expansionist agenda in the Indian Ocean. Moreover, the Maldivian President’s assurance of not allowing his country’s territory to be used for any activity inimical to New Delhi is a message for China as well.”    

Sources said that China has been behind the “India Out” campaign in the Maldives. Without naming China directly, however, the Ministry of External Affairs (MEA) on Tuesday said that the India Out campaign in the Maldives was based on misinformation and false propaganda. Munu Mahawar, High Commissioner of India to the Maldives, said, “India Out Campaign was based on misinformation campaign and false propaganda and they do not reflect the views of people of Maldives. The campaign is led by the Maldives opposition led by former pro-China Maldives President Abdulla Yameen.” Mahawar, in a way, suggested that the campaign was carried out in the Maldives at the behest of China. Sources said that some Maldivian diplomats accompanying the President also told their Indian counterparts that people of the Maldives are not involved in this campaign. “Some other elements from China are behind this,” sources said.     

Meanwhile, PM Modi, sources said, elaborately discussed the issue of terrorism with the Maldivian President. The joint statement later said, “The leaders condemned terrorism in all its forms and called for enhanced coordination between the security agencies of the two countries to thwart radicalisation, violent extremism, terrorism and narco-trafficking. While acknowledging progress since the First Meeting of the Joint Working Group on Counter-Terrorism held in April 2021, the two leaders directed the officials to further strengthen cooperation in various areas, including cyber- security.” In his comments, Solih said both sides reiterated their firm commitment to deal with the threat of terrorism.

MEA spokesperson Arindam Bagchi informed the media that the two leaders discussed ways to further deepen the special partnership. PM Modi and Solih held a one-on-one meeting, which was followed by delegation level talks. Solih arrived in the national capital on Monday on a four-day visit to India.  

SIX AGREEMENTS

India and Maldives inked six agreements to expand cooperation in several key areas like cyber security, disaster management and police infrastructure development. After wide-ranging talks with visiting Maldivian President Ibrahim Mohamed Solih, PM Modi announced a Line of Credit of USD 100 million (one million = 10 lakh) for the neighbouring country for the completion of development projects in a time-bound manner. PM Modi and President Salih launched “Greater Male connectivity projects in the Maldives”. Sources say that any kind of such project is going to give China sleepless nights. The Male connectivity projects will be built under India’s USD 100 million grant and USD 400 million line of credit.  Projects for the construction of 4000 social housing units in Greater Male were also reviewed. “I am happy to announce that we will additionally provide financial support for 2,000 social housing units,›› PM Modi said in his media statement. ‹›We have also decided to provide an additional line of credit of USD 100 million so that all projects can be completed in a time-bound manner,›› he added. The six pacts inked between the two sides will facilitate cooperation in capacity building, cyber security, housing, disaster management and infrastructure development in the Maldives.

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The Current Financial Climate Around the World

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The economy is volatile, but many people are finding ways to profit from these conditions. I decided to write an article about how the global foreign exchange can support your investments in this challenging time. I have made a point of looking into different opportunities and following up with my research. In addition to helping you access an emerging market currency (not to mention other things such as commodities), the foreign exchange gives you exposure to many more investment opportunities than your typical stock/bond investments would. For example, imagine taking advantage of an interest rate hike in your home country and buying shares in some companies in a country like India or China. You need a strong, diversified investment portfolio that includes stocks and bonds in both developed and emerging countries. It means a higher risk, but a better return. Before you start making these changes, make sure you’ve got the necessary resources. It can be difficult to do this right now, so I recommend working with someone who can help manage your money.

Focus on fundamentals

An excellent way for anyone to profit from the current economic situation is by focusing on the underlying factors behind the movement. When trading currency, this usually involves analyzing and understanding the economy, which can often be easier to know when you’re doing it for the first time. Forex traders often forget to consider the fundamental economic factors, especially where a country is concerned. While many investors focus on the short-term dynamics of currencies, they often miss the bigger picture of the economy. This is particularly true for those looking to invest in emerging markets. The more you know about the fundamentals driving the currency value of your portfolio, the more likely you will be able to ride out the ups and downs of the stock market without too much trouble. While many people can take advantage of rising oil prices or even look forward to cheaper goods in the future, there are also those who believe the price of gas, electricity, and food will rise significantly. These investors are willing to invest in the future based on their expectations. As such, it’s important you consider the potential effects these fundamentals could have on your portfolio, especially if you’re looking to invest in emerging markets. Take some time to think about your personal finances, your investment goals, and where your portfolio might be heading over the next couple of years. Then, you’re ready to begin figuring out which currencies and investment opportunities might work well for your portfolio. 

Understand currency volatility

 Currency is one of the most volatile assets available to investors. What do I mean by this? Well, let me explain. A currency is just an object used in international trade and commerce. They are traded between different countries by their governments and national banks, and their value changes based on a variety of factors such as interest rates, foreign exchange rates, population growth, inflation rates, etc. When a currency appreciates or depreciates, this is due to factors such as a strong country or a weak one. However, because of the sheer number of countries with many currencies floating around, there is a lot of volatility in the market.

Use leverage in investments

 Forex trading can be very rewarding. Leverage is a term used to describe an investor’s ability to increase their investments in order to gain more profit. There are two types of leverage: margin and synthetic leverage. Margin refers to the use of borrowed funds to buy and sell securities. Synthetic leverages are simply the creation of artificial leverage by using certain strategies such as day trading or hedging. When doing FX trading, you’ll often find yourself in situations where you’re forced to use the dollar as an instrument. This is referred to as dollar-driven leverage, and it can be very difficult to manage. Just how much can an individual use? Traders often use a large amount of margin in order to take advantage of rising currency values. If you’re looking to use this type of leverage, it’s best to seek advice from a professional Forex trader. In some cases, you may need to borrow money in order to do your own trades. You can do this by having a broker handle all your transactions for you. 

Keep your eye on currency movements

 One of the more popular ways for people to profit from the current financial climate is through currency trading. Many people believe that they must wait until the market is absolutely bearish before they can start making money. The truth is that there are plenty of opportunities for traders right now. Unfortunately, some people believe that currency trading is only for serious investors. That’s not true at all.

In conclusion, there are lots of reasons why you should consider investing in Forex currency trading. If you’re looking for a quick way to get started with the world of currency trading, then I highly recommend trying out some demo accounts. As mentioned above, you may find yourself in situations where you’re forced to use the dollar as an instrument. But don’t worry; it’s easy to get through these types of scenarios and still find success in trading. Good luck!  

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Jammu and Kashmir: 1 terrorist killed in Budgam encounter

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Terrorist Killed

In the ongoing encounter in Budgam district of Jammu and Kashmir, one terrorist was killed on Wednesday.

“The encounter broke out in Budgam in Jammu and Kashmir on Wednesday between terrorists and security forces,” police said.

Taking to Twitter Kashmir Zone Police said, “Encounter has started at Waterhail area of Budgam. Police and security forces are on the job. Further details shall follow.”

Earlier today, terrorists of proscribed terror outfit The Resistance Front (TRF)/Lashkar-e-Taiba (LeT) were trapped by security forces. They were trapped in the ongoing encounter in Jammu and Kashmir’s Budgam.

The Jammu and Kashmir Police trapped Lateef Rather who killed several civilians including Rahul Bhat and Amreen Bhat.

“3 terrorists of terror outfit LeT (TRF) including terrorist Lateef Rather trapped in the ongoing encounter. Terrorists Lateef is involved in several #civilian #killings including Rahul Bhat and Amreen Bhat,” Kashmir Zone Police said.

Earlier on 12 May, Chadoora Tehsil Office employee Rahul Bhat was shot dead by terrorists in his office. While Amreen Bhat Kashmiri TV actress was killed in Budgam’s Chadoora on May 26.

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Prophet row: SC extends protection, transfers all FIRs against Nupur Sharma to Delhi Police

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Nupur sharma

On Wednesday, the Supreme Court combined and forwarded all FIRs filed to the Delhi Police against BJP spokeswoman Nupur Sharma, who has been suspended. The apex court also granted Sharma temporary protection while the Prophet’s comment controversy is being investigated.

The court also gave the suspended BJP leader permission to file a petition with the Delhi High Court to have FIRs filed in other states over her remarks dismissed. After allegedly uttering some offensive remarks about the Prophet Mohammad during a debate on a TV channel, Sharma has become embroiled in a significant scandal.

Protests quickly ensued, both inside and outside the nation, and several Muslim countries officially registered their objections with the relevant Indian embassy. The BJP then suspended Sharma and expressed distain for her comments. A statement was also made in this regard by the ministry of external affairs.

Large-scale upheavals were also caused in various regions of the nation. Also murdered by radical Muslim groups in Rajasthan and Maharashtra were two people who sent messages of support for Sharma on social media.

Sharma had received harsh criticism from the apex court for her remarks made on May 26 during a TV discussion debate, but it later granted her protection in the case.

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Nitish Kumar calls Lalu Yadav before oath ceremony; RJD supremo congratulates him

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Nitish Kumar and Lalu Prasad Yadav

Ahead of Nitish Kumar’s oath-taking ceremony RJD supremo Lalu Prasad Yadav called him and discussed the political developments. Prasad congratulated him as well.

RJD supremo hailed Kumar’s decision to split from the NDA and reunite with the Mahagathbandhan.

“Nitish Kumar called Lalu Prasad Yadav amid political developments in Bihar, discussed several issues, Lalu Yadav congratulated him and his decision to break away from the BJP and join the Grand Alliance,” a family member said.

Earlier in the day Nitish Kumar was sworn in as the Chief Minister of Bihar for the eighth time. The oath ceremony was held at the Patna Raj Bhavan on Wednesday.

After a huge political turmoil in the state, Kumar broke the alliance of BJP-JDU on Tuesday. Later Kumar announced to form of a new “Grand Alliance”.

The swearing-in ceremony was attended by RJD’s Tejashwi Yadav, his wife Rajshri, former CM Rabri Devi, and RJP leader Tej Pratap Yadav.

“Seven parties including 164 MLAs along with independent MLA in our Mahagathbandhan,” Nitish Kumar said at a joint presser with RJD’s Tejashwi Yadav.

Meanwhile, RJD leader Tejashwi Yadav also took oath as the Deputy Chief Minister of the state.

However, on Tuesday Nitish Kumar submitted his letter of resignation as chief minister to Governor Phagu Chauhan at Raj Bhavan.

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Tejaswi all set to combat unemployment, promises bumper jobs in a month

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Tejaswi yadav

Tejashwi Yadav, the new deputy chief minister of Bihar, said the nation must follow the example set by his state. After Nitish Kumar severed ties with the BJP, the Rashtriya Janata Dal (RJD) leader took the oath for the top two positions in the state alongside him. He promised that within a month, hundreds of jobs would be available for the underprivileged and young people.

Yadav claimed that his battle had been with unemployment and that the job offers would be grand in a previously unheard-of way.

“Bihar took the necessary action for the nation. We have led the way for them. We have been fighting against unemployment. Our CM understood how the underprivileged and young felt. Within a month, we’ll offer kids and the poor bumper jobs.” The newly appointed deputy chief minister predicted that it would be an enormous event that had never occurred before.

He claimed that the Mahagathbandhan, or grand alliance, is so powerful that the BJP would be the only party left standing as the opposition in the Assembly.

He further added, “A difficult decision taken by CM Nitish Kumar is a decision which was needed (to be taken). Communal tensions were being spread by BJP, they were trying to kill regional parties.”

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Omicron’s new sub-variant detected in Delhi

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Omicron

A new sub-variant of COVID’s Omicron variant was detected in New Delhi on Wednesday. The variant is more transmissible.

The new sub-variant has been identified as BA-2.75. This sub-variant was detected in a study report of 90 samples sent for genome sequencing.

Meanwhile, Dr. Suresh Kumar, Medical Director of LNJP Hospital said that the new variant has more transmissibility. These can infect even those with antibodies.

“Omicron’s subvariant BA-2.75 has been found in the report. It has more transmission rate. This has emerged in the study report of 90 samples sent for genome sequencing. This new sub-variant also attacks people already having antibodies and also those who have taken the COVID vaccines in their body,” Dr. Suresh Kumar said.

However further details into the matter are awaited.

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