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India working to corner Beijing in South China Sea

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China is all set to face the music for what it did in the Galwan Valley. India has a “foolproof plan” to teach Beijing a befitting lesson for its misadventure along the Line of Actual Control (LAC) in eastern Ladakh where a violent face-off had led to casualties. South Block has a tit-for-tat plan ready for it.

According to top MEA sources, India has a plan to mount a diplomatic offensive aimed at fomenting trouble for Beijing in what is called its raw nerve—South China Sea. South Block strategists are making all efforts through diplomatic channels to cash in on anti-China sentiments in countries like the US, Australia, Japan and South Korea. 

All these countries are already fuming with anger over Beijing’s illegal territorial claims in the strategic waters of South China Sea. This is where India expects to fuel such sentiments of the global community to achieve its diplomatic goal to counter China. The message loud and clear: How China has gone on the defensive ever since the key nations of the global community have started giving tough message to it over South China Sea. India has begun to open diplomatic channels to impress upon these nations to be tougher with China over the disputed water territory where every country has a right to carry out peaceful activities.

The MEA is going to give fillip to its strategy to diplomatically push its case with the US, Australia and Japan to step up pressure on China to shun its expansionist policies whether it’s along the LAC or in South China Sea. Top MEA officials will be on the job briefing their counterparts in these countries. Quadrilateral Security Dialogue (Quad), which has had five sessions of meeting, will be used by India for this purpose.

The recent outburst of the Trump administration against China vis-à-vis South China Sea has already come as shot in the arm of India. This has given South Block an ample and an apt opportunity to mount its diplomatic offensive against China.

Quad consists of the US, India, Australia and Japan, and the MEA believes this forum suits its plan very much. The Quad has in its one of the five meetings sent out a message to China for obeying international rules allowing everyone’s aspirations to exercise their rights. India is already eyeing to cash in on Trump’s displeasure with China regarding its obstinate behaviour in South China Sea. In what displayed the Trump administration’s sentiments against China, Washington demanded closure of Chinese Consulate General in Houston. India is encouraged to see how the US defence forces have been constantly provoking China by sending naval vessels and aircraft carriers in South China Sea.

Such sentiments and actions of the global community dovetail with the MEA’s plans to put China on the mat.

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A day-long political drama in Bihar

An intense war of words unleashed in the political arena following Nitish Kumar’s break up with BJP.

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ALL JD(U) MEMBERS WANTED SPLIT WITH BJP: NITISH KUMAR

Janata Dal (United) leader Nitish Kumar on Tuesday said that all party MPs and MLAs, who attended the party meeting on Tuesday, were of opinion that the party should leave the BJP-led NDA alliance. “All MPs and MLAs reached a consensus that we should leave the NDA. Soon after, I resigned as Bihar CM,” Kumar told media persons here.

“Meeting with the MPs, MLAs and MLCs were held today. Everyone’s wish was that we should leave NDA. So as everyone wished, we accepted the same and I submitted the resignation from the post of the Chief Minister in the NDA government,” he added.

According to sources, many Janata Dal (United) legislators told Chief Minister Nitish Kumar in Tuesday’s meeting that the alliance with the Bhartiya Janata Party had weakened them since 2020.

Without naming Chirag Paswan, the legislators are reported to have recalled the actions of the former Lok Janshakti Party (LJP) chief during the 2020 state assembly polls while warning the CM that if they were not alert, it would not be good for the party. Paswan had fielded rebel BJP candidates on all seats fought by the JD(U) in the 2020 polls, in what some have alleged was part of a plot by the BJP to wedge its way into the ruling coalition in the state.

BJP DESTROYS PARTIES WITH WHOM IT FORMS ALLIANCE: TEJASHWI 

Rashtriya Janata Dal (RJD) leader Tejashwi Yadav on Tuesday said that recent political history indicates that Bharatiya Janata Party (BJP) destroys parties with whom it forms alliances.

While addressing a joint presser with new ally Nitish Kumar, Yadav said, “Across the Hindi heartland, BJP does not have any alliance partner. History shows that the BJP destroys the parties with whom it forms alliances. We did see that happening in Punjab and Maharashtra.”

Yadav was accompanied by JD(U) leader and caretaker Chief Minister Kumar, who broke his alliance with the BJP and entered into a tie-up with RJD and some other parties.

“Today all parties and members of the Bihar Legislative Assembly except the BJP have accepted Nitish Kumar as their leader,” added Yadav. He said, “JP Nadda said they will end regional parties. BJP knows only to intimidate and buy people. All of us wanted the BJP’s agenda shouldn’t be implemented in Bihar, we all know Laluji stopped the ‘Rath’ of Advaniji, and we won’t relent at any cost.”

The JD(U) and RJD together constitute a majority in the 243-member state assembly. JD(U) has 45 and the RJD has 79 MLAs. They also have the support of smaller parties like Jitan Manjhi’s HAM. The BJP has 77 MLAs in the state assembly.

BIHAR BJP LEADERS SLAM NITISH, SAY IT’S BETRAYAL 

Right after Nitish Kumar chose to resign as Bihar Chief Minister, the Bihar BJP expressed dissatisfaction and said that JD(U) had betrayed Bihar and the people’s mandate.

Addressing a press conference on Tuesday, BJP leader Ravi Shankar Prasad lashed out at Kumar for breaking aliance between their parties and staking claim to form government with RJD support saying he had “disrespected the mandate given by the people of Bihar. Addressing a short presser in Patna, Prasad said, “Kumar has left and said that BJP was trying to destroy his party…BJP made him a union minister several times. He was also made a Chief Minister. Why did he re-think his decision on alliance with RJD in 2015 and come to BJP in 2017?.” “Kumar is disrespecting the mandate of Bihar’s people. It’s a baseless allegation that BJP was trying to destroy JD(U),” said the former union minister.

Bihar BJP chief Sanjay Jaiswal said, “In the 2020 Bihar assembly elections, all of us contested under the NDA alliance and the majority and mandate was given by the people to JDU and BJP. However, as on date, Nitish played with the public mandate. JD(U) betrayed Bihar.” 

“We were successful in winning 74 seats, but we fulfilled the promise made by the Prime Minister and Kumar became the Chief Minister of this NDA alliance. However, whatever happened today is a betrayal of the people of Bihar and the BJP,” he said.

Union Minister and BJP leader R.K. Singh raised questions over the political moves of Kumar asking how the JD(U) leader would justify an alliance with the Rashtriya Janata Dal (RJD) which he has often called “corrupt”.

“Fifteen years of RJD rule took the state backwards. Kumar also said this multiple times. How will he justify entering into an alliance with the RJD whom he said is corrupt? All of this is politics for power. There is no morality and he should be ashamed,” Singh, who hails from Bihar, told ANI. 

However, a BJP leader has contradictory views. Union Minister Kaushal Kishor said that the BJP wants Kumar to continue as chief minister of the state.

Rumours of a growing rift between the BJP-JDU in the NDA alliance in Bihar intensified after Kumar skipped a key meeting of the NITI Aayog, headed by Prime Minister Narendra Modi, on Sunday and JD(U) leader RCP Singh tendered his resignation from the party. Singh, once considered a close aide of Kumar had announced his exit from the party after being served a notice seeking an explanation on allegations of corruption. However, BJP leaders have dismissed any estrangement with the JD(U). “Certainly the government under the leadership of Kumar will run firmly with the BJP alliance. As far as I’m concerned and if there was such a thing, it would depend on the time and circumstances,” said Kishor.

“I do not want to wish to comment over the political situations in Bihar, but there is no such attempt from the BJP which would have raised any dispute or confusion. JDU will take its call as per its ongoing meeting, but it is to underscore that the BJP definitely wants Kumar to continue as the CM of the state,” he said. Kishor said that the coalition government, comprising BJP, JDU, and all others, in the state will work more strongly for the welfare of Bihar and the countrypersons.

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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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