Editorial

Editorial

Cut & Thrust: Jackboots replace dialogue

Former BSF DG EN Rammohan, considered one of the foremost experts on fighting guerrillas and insurgents having served in all the trouble spots, has said in an interview that the anti Muslim and Hindutva approach of the BJP in Kashmir is damaging and counter productive, “You have to tell the public of Kashmir that you are above all religion.

Not just modified VAt

Under the indirect taxes structure in India, indirect taxes like VAT, excise, service tax and entry tax are levied on consumption whereas the direct taxes (income tax) are levied on the income earned. Increasing the indirect taxes makes consumption more and more expensive and, therefore, has an inflationary effect, which makes the poor to suffer the most. Because of this reason indirect taxes are usually seen as regressive, whereas the direct taxes, which targets the richer section of the society, generally seen as progressive.

Every drop counts

Climate change brings about dramatic catastrophes. One of our problems is, of course, to be alert to the facts of history. The dinosaurs were killed by a meteor strike, or by their own avarciousness. After their extinction, or miniaturisation, life continued to evolve. As humans, we know our consciousness allows for both alertness and detachment. The elite have access to water, because they can afford to buy water. The debates on water sharing have been the most volatile of political histories of the 21st century.

A thorn in the flesh

If running out of patience is a sign of frustration, exhausting the options signifies botched strategy. When it comes to dealing with Pakistan, the nation has lost patience and the Modi government seems to have run out of options.
Border Security Force head constable Prem Sagar and army’s naib subedar Paramjit Singh are not merely the new names in the list of Pakistan army’s barbaric ways but they are permanent scars etched on a nation’s psyche.

Cut & Thrust: Let’s take stock in may

Is market mein aur jaan hai ki, ab ludke ga kya? A common refrain these days on whether the market will take a tumble after its high octane journey to 30,000. As the BSE Sensex flirts almost daily with 30,000 and the Nifty Fifty tries to keep its head above 9300, trade has got range bound, after a gangbusters vertical climb, courtesy bulge bracket FPIs and huge liquidity from domestic investors.

Caution Ahead

The Nifty gained nearly 2 per cent on earnings-led optimism to close the week at 9,304 with heightened action in mid-cap and small-cap stocks. Cement stocks such as ACC and UltraTech gained after upbeat results. Bank of Baroda, Yes Bank and Axis Bank also featured among the top gainers.
In the auto space, M&M gained 6 per cent, followed by Maruti and Tata Motors. The rupee hit a 20-month high on Wednesday at 64.11 per dollar on the back of firmness in equity markets.

Withdrawal from EPF for treatment made easy

Over 40 million members of the retirement fund body EPFO can now withdraw funds from their EPF account for treatment of illness and purchasing equipment to deal with handicap without medical certificates.
The Employees' Provident Fund Scheme 1952 is amended to do away with the requirement of submission of various certificates and proformas for seeking advance for treatment of illness and purchasing equipment required in case of physical disabilities.

The swingin’ 2017

Commodities prices traded with mixed sentiments. In global commodity complex, bullion and crude oil gained sharply while the base metals were traded in red. Agriculture commodities too traded mixed. Prevailing geopolitical uncertainties, currency volatility, worries over the increase in US interest rates and physical demand from the top consuming countries affected commodities broadly.

Perils of toeing hardline

Around the same time when a beleaguered Jammu and Kashmir chief minister Mehbooba Mufti met prime minister Narendra Modi on Monday to discuss mayhem created by stone-pelting Kashmiris, around 100 CRPF personnel were being sprayed with bullets in Chhattisgarh’s deadly red bastion, Sukma.
From the Valley to the naxal-infested jungles of Bastar, the dissent quotient is ringing louder. One may not find uniqueness in the latest cycle of violence as naxalism in Bastar and separatism in the Valley have been a national security concern for the last several years.

On the brink, indeed

Once again the Korean Peninsula is on the brink of war. The Korean War that had broken out in 1950 ended on July 23, 1953 with an Armistice Agreement. Until today there has been no peace treaty between the Democratic People’s Republic of Korea (North Korea) and the Republic of Korea (South Korea), that share the Korean Peninsula along the Demilitarised Zone (DMZ) as implacable enemies. This heavily guarded dividing line has been and continues to be without any doubt the world’s most dangerous border.

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