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Saturday, December 03, 2016
Friday, December 02, 2016
Donald Trump speaks directly to Taiwan's Tsai Ing-wen
Donald Trump speaks directly to Taiwan's Tsai Ing-wen
President-elect speaks with Taiwan's president in a break from the US' "one China" policy.The call comes at a time of worsened Taiwan-China relations since the election of Tsai earlier this year [EPA] |
During Friday's discussion, Trump and Tsai noted "the close economic, political and security ties" between Taiwan and the United States, according to the president-elect's transition team.
"President-elect Trump also congratulated President Tsai on becoming president of Taiwan earlier this year," it said.
The call was the first such contact with Taiwan by a US president-elect or president since President Jimmy Carter adopted a one-China policy in 1979. As part of its so-called "one China" policy Washington shifted diplomatic recognition of China from the government in Taiwan to the communist government on the mainland.
Under that policy, the US recognises Beijing as representing China but retains unofficial ties with Taiwan. Washington is Taiwan's most important political ally and sole arms supplier, despite the lack of formal diplomatic ties.
Al Jazeera's Adrian Brown, reporting from Beijing, said that the response from the Chinese government was swift. "A spokesperson said China opposes any official contact or military interactions between the US and Taiwan.
"It is not what was said that will upset China, but the symbolism of the US president-elect directly speaking to the Taiwanese leader," he said.
Defending the move
As he came under fire for the move, Trump defended the contact on Twitter.
He first tweeted that Tsai initiated the call, one of several he has had with world leaders in recent days, and brushed off criticism for speaking directly with the leader.
"Interesting how the US sells Taiwan billions of dollars of military equipment but I should not accept a congratulatory call," Trump wrote in a second tweet sent an hour after the first one.
China's Foreign Minister Wang Yi Wang said that the so-called "one-China policy" is the cornerstone of US-China relations and that Beijing hoped that foundation would not be "interfered with or damaged" by Trump's move.
China views Taiwan as a renegade province.
During the election campaign, Trump referred to China as a currency manipulator and accused Beijing of raping the US economy.
The White House responded to the call by saying that "longstanding policy" on China and Taiwan has not changed.
"We remain firmly committed to our 'one China' policy," said Ned Price, a national security spokesman for President Barack Obama. "Our fundamental interest is in peaceful and stable cross-Strait relations."
The call comes at a time of worsened Taiwan-China relations since the election of Tsai's pro-independence Democratic Progressive Party (DPP) earlier this year.
Trump and Chinese President Xi Jinping spoke by telephone on November 14. Xi stressed that cooperation was the only choice for relations between the world's two largest economies, and Trump said that the two had established a "clear sense of mutual respect".
Source: Al Jazeera News and Agencies
India Will welcome if US-Pak talk on terror:
India Will welcome if US-Pak talk on terror:
India today downplayed reports of US President-elect Donald Trump lavishing praise on Nawaz Sharif during a telephonic conversation but said it will welcome US-Pakistan talks to resolve the “issue of cross-border terrorism emanating from Pakistan.”
New Delhi, Publish Date: Dec 1 2016 11:32PM | Updated Date: Dec 1 2016 11:32PM
Will welcome if US-Pak talk on terror: India
"I will reserve my judgement. We have seen only one side of the conversation. And that conversation does talk about the US President-elect willing to resolve all outstanding issues of Pakistan. We believe that the most outstanding issue of the outstanding issues is Pakistan's continued support to terrorism.
"To that extent, we will welcome a dialogue between the US and Pakistan to resolve that issue," External Affairs Ministry Spokesperson VikasSwarup said.
CONTINUED TERROR CANNOT BE ‘NEW NORMAL:’
Earlier, talking tough in the wake of attack on an army camp in Nagrota, India today made it clear that talks with Pakistan cannot take place in an atmosphere of "continued terror", which it will never accept as "new normal" in the bilateral relationship.
External Affairs Ministry Spokesperson VikasSwarup also said the government is awaiting detailed information on the specifics of the Nagrota attack before it decides on the next steps.
"But I do wish to emphasise that the government takes this incident very seriously and will do what it feels is required for our national security," he asserted.
Asked if there would be bilateral talks on the sidelines of the Heart of Asia (HoA) Conference in Amritsar on December 3 and 4, he said, "We have not received any request from Pakistan for a bilateral meeting.
"India has always been open to talks but obviously it cannot be that talks take place in an atmosphere of continued terrorism. India will never accept continued terrorism as the new normal in the bilateral relationship," Swarup said.
India's sharp remarks come two days ahead of the conference where Pakistan will be represented by Sartaj Aziz, Foreign Affairs Advisor to Prime Minister Nawaz Sharif. Earlier, Pakistani media reports had quoted officials as having said there would not be a bilateral meeting on the sidelines of the HoA meet on Afghanistan.
Prime Minister NarendraModi and Afghan President Ashraf Ghani will jointly inaugurate the ministerial deliberations on Sunday where the Indian delegation will be led by Finance Minister ArunJaitley in the absence of External Affairs Minister SushmaSwaraj, who is ill.
Hitting out at Pakistan, Swarup said Pakistan is a country which has a long record of carrying out cross border terrorism which it regards as an instrument of state policy and which puts Islamabad at odds with the rest of the international community.
On the criticism that the attacks increased after the surgical strikes, he said, "It was our assessment at that point of time that there was an imminent threat based on hard intelligence about the location of armed terrorists who were ready to infiltrate from across the LoC and carry out terrorist activities on our side.
"This imminent threat was successfully neutralised through the surgical strikes. We should not look only at what happened but also at what did not happen, what was prevented through successful neutralisation of terrorists."
On the appointment of Pakistan's new army chief, he said it is an internal matter of Pakistan. India will judge Pakistan by its behaviour and its track record and not by change of persons, he added.
On Pakistan suggesting a joint probe in Uri strike, which India maintains was carried out by Pakistan-based militants, Swarup said this has happened in past also and instead of acting on the evidence provided by India, Islamabad engages in "pure propaganda ploys".
"Pakistan called for an international inquiry, we said we are happy even with their domestic inquiry. When we are giving you fingerprints, DNA of the terrorists who we believe came from Pakistan, why Pakistan cannot match this with its national database?
"That would be simplest thing to do, but Pakistan refuses to do that and instead engages in these pure propaganda ploys," the Spokesperson said, adding if Islamabad was serious about tracking down those behind the Uri attack, it should first bring to book those responsible for 26/11 strikes in Mumbai. Besides, it should also share with India the investigation details in the Pathankot air base attack for which a Joint Investigation Team from Pakistan visited the country, he said.
He also rejected Pakistan's allegation that India scuttled this year's SAARC summit, saying its members wrote "unanimously" to the Chair that atmosphere was not conducive for holding the meet.
India today downplayed reports of US President-elect Donald Trump lavishing praise on Nawaz Sharif during a telephonic conversation but said it will welcome US-Pakistan talks to resolve the “issue of cross-border terrorism emanating from Pakistan.”
New Delhi, Publish Date: Dec 1 2016 11:32PM | Updated Date: Dec 1 2016 11:32PM
Will welcome if US-Pak talk on terror: India
"I will reserve my judgement. We have seen only one side of the conversation. And that conversation does talk about the US President-elect willing to resolve all outstanding issues of Pakistan. We believe that the most outstanding issue of the outstanding issues is Pakistan's continued support to terrorism.
"To that extent, we will welcome a dialogue between the US and Pakistan to resolve that issue," External Affairs Ministry Spokesperson VikasSwarup said.
CONTINUED TERROR CANNOT BE ‘NEW NORMAL:’
Earlier, talking tough in the wake of attack on an army camp in Nagrota, India today made it clear that talks with Pakistan cannot take place in an atmosphere of "continued terror", which it will never accept as "new normal" in the bilateral relationship.
External Affairs Ministry Spokesperson VikasSwarup also said the government is awaiting detailed information on the specifics of the Nagrota attack before it decides on the next steps.
"But I do wish to emphasise that the government takes this incident very seriously and will do what it feels is required for our national security," he asserted.
Asked if there would be bilateral talks on the sidelines of the Heart of Asia (HoA) Conference in Amritsar on December 3 and 4, he said, "We have not received any request from Pakistan for a bilateral meeting.
"India has always been open to talks but obviously it cannot be that talks take place in an atmosphere of continued terrorism. India will never accept continued terrorism as the new normal in the bilateral relationship," Swarup said.
India's sharp remarks come two days ahead of the conference where Pakistan will be represented by Sartaj Aziz, Foreign Affairs Advisor to Prime Minister Nawaz Sharif. Earlier, Pakistani media reports had quoted officials as having said there would not be a bilateral meeting on the sidelines of the HoA meet on Afghanistan.
Prime Minister NarendraModi and Afghan President Ashraf Ghani will jointly inaugurate the ministerial deliberations on Sunday where the Indian delegation will be led by Finance Minister ArunJaitley in the absence of External Affairs Minister SushmaSwaraj, who is ill.
Hitting out at Pakistan, Swarup said Pakistan is a country which has a long record of carrying out cross border terrorism which it regards as an instrument of state policy and which puts Islamabad at odds with the rest of the international community.
On the criticism that the attacks increased after the surgical strikes, he said, "It was our assessment at that point of time that there was an imminent threat based on hard intelligence about the location of armed terrorists who were ready to infiltrate from across the LoC and carry out terrorist activities on our side.
"This imminent threat was successfully neutralised through the surgical strikes. We should not look only at what happened but also at what did not happen, what was prevented through successful neutralisation of terrorists."
On the appointment of Pakistan's new army chief, he said it is an internal matter of Pakistan. India will judge Pakistan by its behaviour and its track record and not by change of persons, he added.
On Pakistan suggesting a joint probe in Uri strike, which India maintains was carried out by Pakistan-based militants, Swarup said this has happened in past also and instead of acting on the evidence provided by India, Islamabad engages in "pure propaganda ploys".
"Pakistan called for an international inquiry, we said we are happy even with their domestic inquiry. When we are giving you fingerprints, DNA of the terrorists who we believe came from Pakistan, why Pakistan cannot match this with its national database?
"That would be simplest thing to do, but Pakistan refuses to do that and instead engages in these pure propaganda ploys," the Spokesperson said, adding if Islamabad was serious about tracking down those behind the Uri attack, it should first bring to book those responsible for 26/11 strikes in Mumbai. Besides, it should also share with India the investigation details in the Pathankot air base attack for which a Joint Investigation Team from Pakistan visited the country, he said.
He also rejected Pakistan's allegation that India scuttled this year's SAARC summit, saying its members wrote "unanimously" to the Chair that atmosphere was not conducive for holding the meet.
Trump made telephone conversation with Pakistan PM
US President-elect ready to play role in find solutions to outstanding Pakistan problems
GKNN
Islamabad, Publish Date: Dec 1 2016 11:10PM | Updated Date: Dec 2 2016 1:02AM
US president-elect Donald Trump has said he is willing to play any role that Pakistan wants to find solutions to outstanding problems, reported Radio Pakistan.
Trump made these remarks in a telephone conversation with Prime Minister Nawaz Sharif. The premier had called Trump to felicitate him on his recent victory.
The US president-elect also said it will be an honour for him to do so and he will personally do what is needed.
During the telephone conversation, Trump also praised Nawaz and expressed his desire to meet the prime minister soon.
Trump added that Pakistan is an amazing country with tremendous opportunities and Pakistanis are some of the most intelligent people.
The prime minister also invited the president-elect of the United States. Trump, in reply, said he would love to visit the country and meet its people.
Following is the text of the conversation between PM Nawaz and Trump, as released by government's Press Information Department (PID).
“Prime Minister Muhammad Nawaz Sharif called President-elect USA Donald Trump and felicitated him on his victory. President Trump said Prime Minister Nawaz Sharif you have a very good reputation. You are a terrific guy. You are doing amazing work which is visible in every way. I am looking forward to see you soon. As I am talking to you Prime Minister, I feel I am talking to a person I have known for long. Your country is amazing with tremendous opportunities. Pakistanis are one of the most intelligent people. I am ready and willing to play any role that you want me to play to address and find solutions to the outstanding problems. It will be an honor and I will personally do it. Feel free to call me any time even before 20th January that is before I assume my office.”
“On being invited to visit Pakistan by the Prime Minister, Mr. Trump said that he would love to come to a fantastic country, fantastic place of fantastic people. Please convey to the Pakistani people that they are amazing and all Pakistanis I have known are exceptional people, said Mr. Donald Trump.”
Earlier, Donald Trump had said that if elected, he’d like to mediate between India and Pakistan because the region was a “very, very hot tinderbox.
But like the Obama administration, Trump also said that he would only mediate if both countries asked him to do so.
Donald Trump, riding a wave of populist resentment, defeated Hillary Clinton in the race to become the 45th president of the United States. Trump secured at least 290 electoral votes, securing more than the 270 he needed to succeed Barack Obama.
(DAWN)
Sunday, November 27, 2016
இடது தேசியவாதி பிடலுக்கு ஈழத்தின் அஞ்சலி
பிந்திய செய்தி:
மறைந்த கியூபாவின் முன்னாள் அதிபரும், புரட்சியாளருமான பிடல் காஸ்ட்ரோவின் இறுதிச்சடங்கு தலைநகர் ஹவானாவில் இன்று மாலை December 04, 2016 நடைபெறுகிறது.
கியூபாவின் புரட்சியாளரும், அந்நாட்டின் முன்னாள் அதிபருமான பிடல் காஸ்ட்ரோ உடல்நலக்குறைவு காரணமாக நவம்பர் மாதம் 25-ஆம் தேதி உயிரிழந்தார். அவருக்கு வயது 90. பிடல் காஸ்ட்ரோவின் விருப்பத்திற்கிணங்க அவரது உடல் இறந்த சிலமணி நேரங்களுக்குள்ளாகவே தகனம் செய்யப்பட்டது.
இந்நிலையில் பொதுமக்களின் அஞ்சலிக்காக அவரது சாம்பல் நாடு முழுவதும் உள்ள முக்கிய நகரங்களுக்கு எடுத்துச்செல்லப்பட்டு பொதுமக்கள் அஞ்சலி செலுத்த ஏற்பாடு செய்யப்பட்டது. நாட்டு மக்களின் அஞ்சலிக்குப் பின்னர், இன்று மாலை ஹவானாவில் காஸ்ட்ரோவின் சாம்பல் அடக்கம் செய்யப்படுகிறது.
December 04, 2016 - 07:44 AM
World News | Sun Dec 4, 2016 | 2:35am EST
Cuba's Raul Castro vows to defend brother's legacy in final tribute
By Diego Oré and Sarah Marsh | SANTIAGO, Cuba
President Raul Castro led tens of thousands of Cubans on Saturday in a pledge to defend the socialist legacy of his brother Fidel Castro, who died last week aged 90 and will be interred in the city where they launched the Cuban Revolution.
But Fidel Castro's image will not be immortalized with statues nor will public places be named after him, Raul Castro said, in keeping with his older brother's wishes.
"This is the unconquered Fidel who calls us with his example," the president, dressed in his four-star general's uniform, told a crowd that had burst into chants of "I am Fidel."
"Yes, we will overcome any obstacle, turmoil or threat in the building of socialism in Cuba," the 85-year-old Castro said in a speech before Santiago's packed central plaza.
His ashes will be entombed near the remains of Cuba's independence hero Jose Marti in a simple ceremony beginning on Sunday at 7 a.m. (1200 GMT), concluding nine days of national mourning.
Raul Castro was joined on the stage by leftist foreign dignitaries and the Cuban political leadership to bid farewell to the man known to most Cubans as "El Comandante" - the commander - or simply "Fidel."
"The loss of El Comandante does not mean we will go stagnant," said Ansel Hechavarria, 61, a mechanic hoisting a large Cuban flag just before the 90-minute ceremony began. "We are going to continue his legacy."
After two days of events in Havana, Castro's funeral cortege departed on a three-day, 600-mile (1,000-km) journey east, retracing the route that the triumphant, bearded rebels took upon overthrowing the U.S.-backed Fulgencio Batista in 1959.
REJECTING 'CULT OF PERSONALITY'
Raul Castro said "millions" had come out to pay tribute. Crowds have greeted the caravan along the whole route, with volunteers sprucing up bridges and houses with fresh paint in Castro's honor.
Castro's critics have kept a low profile during the official nine-day mourning period that ends Sunday, but dissident writer Yoani Sanchez took to Twitter to criticize the hagiographical tributes.
"The reality has gone from 'delirious' to 'hallucinatory,' like a nightmare that does not end and worsens if we turn on the TV," she said.
Although billboards with Castro quotes stand throughout the country and his portrait hangs from numerous government buildings and in private homes, there are no statues or landmarks named after him.
"The leader of the revolution rejected any manifestation of a cult of personality," Raul Castro said, adding that a law banning such homages would be presented to the National Assembly when it meets later this month.
With his brother at his side, Castro began his revolution on July 26, 1953, with a failed assault on the Moncada barracks in the eastern city of Santiago.
He went on to build a Soviet-sponsored Communist state 90 miles (145 km) from the United States and survived a half century of U.S. attempts to topple or kill him.
Castro's socialist government survived the fall of the Berlin Wall, but at the cost of more than a decade of great economic hardship that was relieved by the largesse of his political disciple, the late Venezuelan President Hugo Chavez.
"In the unipolar world, the one of transnationals that arose after the fall of the socialist bloc, the permanent lesson of Fidel is that, yes, it can done, man is capable of overcoming the most difficult conditions," Raul Castro said.
Over the past two decades a clutch of leftist governments rose to power in Latin America inspired by his ideas and fierce opposition to the United States. Several have now been defeated at the ballot box.
High-profile friends of Castro, including Bolivian President Evo Morales and former Brazilian Presidents Luiz Inacio Lula da Silva and Dilma Rousseff, arrived for the evening sendoff.
Lula was a close ally of Cuba when he was president from 2003 to 2010, as was his successor Rousseff until she was impeached this year.
(Additional reporting by Nelson Acosta; Writing by Daniel Trotta and Frank Jack Daniel; Editing by Tom Brown and Mary Milliken)
Saturday, November 26, 2016
2016 மாவீரர் நாமம் வாழ்க! ஈழம் வெல்க!
2016 மாவீரர் சுவரொட்டி- முழக்கங்கள்
* நல்லிணக்க நாடகமாடியவண்ணம், அமெரிக்க ஐரோப்பிய ஏகாதிபத்தியவாதிகளும், இந்திய விரிவாதிக்கவாதிகளும்,
ஐ.நா.கும்பலும் ஒரு சேரக் கை கோர்த்து ஈழ தேசிய ஜனநாயக விடுதலைப் புரட்சி இயக்கத்தை, சாதி,மத, பூசல்களைத் தூண்டி சீரழிக்கும் மோசடியை முறியடிப்போம்!
ஐ.நா.கும்பலும் ஒரு சேரக் கை கோர்த்து ஈழ தேசிய ஜனநாயக விடுதலைப் புரட்சி இயக்கத்தை, சாதி,மத, பூசல்களைத் தூண்டி சீரழிக்கும் மோசடியை முறியடிப்போம்!
* இதற்கு அரசியல் அடித்தளமிட;
`அரசியல் அமைப்புத் திருத்தம்`, 13 வது திருத்தம் என பசப்பும், சமஸ்டி சமரச சக்திகளைத் தனிமைப்படுத்துவோம்!
`அரசியல் அமைப்புத் திருத்தம்`, 13 வது திருத்தம் என பசப்பும், சமஸ்டி சமரச சக்திகளைத் தனிமைப்படுத்துவோம்!
*இதற்கு ஸ்தாபன அடித்தளமாக விளங்கும்;
அந்நிய `மத,அரசியல்,அபிவிருத்தி,ஊடக,மனிதாபிமான` அனைத்து NGO களையும் தடை செய்யக் கோருவோம்!
அந்நிய `மத,அரசியல்,அபிவிருத்தி,ஊடக,மனிதாபிமான` அனைத்து NGO களையும் தடை செய்யக் கோருவோம்!
* போர்க்குற்றவாளிகளுக்கு தண்டனை அளிக்க போராடுவோம்!
* ஈழப்பிரிவினைப் பொது வாக்கெடுப்புக்கு அறைகூவுவோம்!
* யுத்தக் கைதிகளின் விடுதலை கோரி எழுவோம்,
யுத்த மறுவாழ்வின் ஆதாரத் தேவைகளுக்காகப் போராடுவோம்!
யுத்த மறுவாழ்வின் ஆதாரத் தேவைகளுக்காகப் போராடுவோம்!
* உலக மறுபங்கீட்டு, உலகப் போர் முனைப்புகளை எதிர்ப்போம்!
* மார்க்சிய லெனினிய மா ஓ சிந்தனை வழி நடப்போம்!
* உலகத் தொழிலாளர்களே ஒடுக்கப்பட்ட தேசங்களே ஒன்று சேருங்கள்!
புதிய ஈழப் புரட்சியாளர்கள். Eelam New Bolsheviks
Tuesday, November 22, 2016
Cuban revolutionary leader Fidel Castro dies aged 90
Cuban revolutionary leader Fidel Castro dies aged 90
"For everyone in Cuba and outside his death is very sad," said Havana resident Luis Martinez. "It is very painful news."
By Marc Frank and Nelson Acosta | HAVANA
Fidel Castro, the Cuban revolutionary who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday. He was 90.
A towering figure of the 20th century and Cold War icon, Castro stuck to his ideology beyond the collapse of Soviet communism and remained widely respected in parts of the world that struggled against colonial rule.
Castro had been in poor health since an intestinal ailment nearly killed him in 2006. He formally ceded power to his younger brother, Raul, two years later.
Wearing a green military uniform, a somber Raul, 85, appeared on state television on Friday night to announce Fidel's death, 60 years to the day since the two brothers and dozens of supporters left Mexico on a boat to take revolution to Cuba.
"At 10:29 at night, the chief commander of the Cuban revolution, Fidel Castro Ruz, died," he said, without giving a cause of death."Ever onward, to victory," he said, using the slogan of the Cuban revolution.
A mix of tributes and condemnation poured in from allies and foes around the world.
"History will record and judge the enormous impact of this singular figure on the people and world around him," U.S. President Barack Obama said, extending "a hand of friendship" to
Cuba.
Obama's elected successor, Donald Trump, issued a blunt statement calling Castro "a brutal dictator who oppressed his own people for nearly six decades."
"Fidel Castro's legacy is one of firing squads, theft, unimaginable suffering, poverty and the denial of fundamental human rights," Trump said.Venezuela's socialist president, Nicolas Maduro, urged revolutionaries to follow Castro's legacy, while Chinese President Xi Jinping said "the Chinese people have lost a close comrade and a sincere friend."
DECADES OF HOSTILITY
Raul Castro, who glorified his older brother, has nonetheless changed Cuba by introducing market-style economic reforms and agreeing with the United States in December 2014 to
re-establish diplomatic ties and end decades of hostility.
It is unclear whether Trump, who takes office on Jan. 20, will continue efforts to normalize relations with Cuba or fulfill a campaign promise to close the U.S. embassy in Havana once again.
Fidel Castro himself offered only lukewarm support for the 2014 deal with Washington, raising questions about whether he approved of ending hostilities with his longtime enemy, a conflict that took the world to the brink of nuclear war during the Cuban Missile Crisis in 1962.
He did not meet Barack Obama when he visited Havana earlier this year, the first time an American president had stepped foot on Cuban soil since 1928.
Days later, Fidel wrote a scathing newspaper column condemning Obama's "honey-coated" words and reminding Cubans of the U.S. efforts to overthrow the Communist government.
Cuba has declared nine days of mourning, during which time Castro's ashes will be taken to different parts of the country. A burial ceremony will be held on Dec. 4.
There will be no top level games of baseball - Castro's passion after politics - for the nine-day mourning period, the sport's national federation declared.
Hundreds of students gathered in Havana on Saturday to honor Castro, and mass rallies are planned for the coming days.
"When I found out Fidel had died, I felt such pain. I cried," said Badanys Rodriguez, 39, proudly showing off a tattoo on his shoulder of late Argentine revolutionary Ernesto "Che" Guevara, one of Castro's closest comrades in the revolution.
However, in Miami, where many exiles from Castro's government live, a large crowd waving Cuban flags cheered, danced and banged on pots and pans to celebrate the passing of a man they loathed.
MILITARY FATIGUES, CIGARS
The bearded Fidel Castro took power in a 1959 revolution and ruled Cuba for 49 years with a mix of charisma and iron will, creating a one-party state and becoming a central figure in
the Cold War.
He was demonized by the United States and its allies for his repression of dissent at home and support of rebellion abroad, but admired by many leftists around the world, especially
in Latin America and Africa.
Nelson Mandela, once freed from prison in 1990, repeatedly thanked Castro for his efforts in helping to weaken apartheid.
In April, in a rare public appearance at the Communist Party conference, Fidel Castro shocked party apparatchiks by referring to his own imminent mortality.
"Soon I will be like all the rest. Our turn comes to all of us, but the ideas of the Cuban communists will remain," he said.
Transforming Cuba from a playground for rich Americans into a symbol of resistance to Washington, Castro crossed swords with 10 U.S. presidents while in power, and outlasted nine of them.
He fended off a U.S.-backed invasion at the Bay of Pigs in 1961 and claimed he survived or evaded hundreds of assassination attempts, including some conjured up by the CIA.
Wearing green military fatigues and chomping on cigars for many of his years in power, Castro was famous for long, fist-pounding speeches filled with blistering rhetoric, often aimed at the United States.
At home, he swept away capitalism and won support for bringing schools and hospitals to the poor. But he also created legions of enemies and critics, concentrated among the exiles in Miami who saw him as a ruthless tyrant.
"With Castro's passing, some of the heat may go out of the antagonism between Cuba and the United States, and between Cuba and Miami, which would be good for everyone," said William M. LeoGrande, co-author of a book on U.S.-Cuba relations.
Castro's death - which would once have thrown a major question mark over Cuba's future - seems unlikely to trigger a crisis as Raul Castro is firmly ensconced in power.
Fidel Castro no longer held leadership posts in his final years. He wrote newspaper commentaries on world affairs and occasionally met foreign leaders, but lived in semi-seclusion.
Still, the death of the man known to most Cubans as "El Comandante" - the commander - or simply "Fidel" leaves a void in the country he dominated for so long. It also underlines the generational change in Cuba's communist leadership.
Raul Castro has vowed to step down when his term ends in 2018, and the Communist Party has elevated younger leaders to its Politburo, including 56-year-old Miguel Diaz-Canel, who is first vice president and the heir apparent.
REVOLUTIONARY ICON
A Jesuit-educated lawyer, Fidel Castro led the revolution that ousted U.S.-backed dictator Fulgencio Batista on Jan. 1, 1959. Aged 32, he quickly took control of Cuba and sought to transform it into an egalitarian society.
His government improved the living conditions of the very poor, achieved health and literacy levels on a par with rich countries and rid Cuba of a powerful Mafia presence.
But he also cracked down on dissent, jailed his opponents, seized private businesses and homes, and monopolized the media.Hundreds of thousands of Cubans fled the island.
"The dictator Fidel Castro has died, the cause of many deaths in Cuba, Latin America and Africa," said Jose Daniel Ferrer, leader of the island's largest dissident group, the Patriotic Union of Cuba.
Many dissidents settled in Florida, influencing U.S. policy toward Cuba and plotting Castro's demise. Some even trained in the Florida swamps for the disastrous Bay of Pigs invasion. But they could never dislodge him.
In 1962, the United States imposed a damaging trade embargo that Castro blamed for most of Cuba's ills, using it to his advantage to rally patriotic fury.
Over the years, he expanded his influence by sending Cuban troops into faraway wars, including 350,000 to fight in Africa. They provided critical support to a left-wing government in Angola and contributed to the independence of Namibia in a war that helped end apartheid in South Africa.
Castro also won friends by sending tens of thousands of Cuban doctors abroad to treat the poor
and bringing young people from developing countries to train them as physicians.
Born on Aug. 13, 1926, in Biran, eastern Cuba, Castro was the son of a Spanish immigrant who became a wealthy landowner.
Angry at social conditions and Batista's dictatorship, Castro launched his revolution on July 26, 1953, with a failed assault on the Moncada barracks in the eastern city of Santiago.
"History will absolve me," he declared during his trial.
He was sentenced to 15 years in prison but was released in 1955 after a pardon that would come back to haunt Batista.
Castro went into exile in Mexico and prepared a small rebel army to fight Batista, including "Che" Guevara.
On Nov. 25, 1956, Castro and a ragtag band of 81 followers set sail from the Mexican port of Tuxpan aboard an overloaded yacht called "Granma," reaching Cuba in early December.
Only 12, including Fidel, Raul and Guevara, escaped a government ambush when they landed in eastern Cuba.
Taking refuge in the rugged Sierra Maestra mountains, they built a guerrilla force of several thousand fighters who, along with urban rebel groups, defeated Batista's military in just over two years.
Early on, at the height of the Cold War, Castro allied Cuba to the Soviet Union, which protected the Caribbean island and was its principal benefactor for three decades.
The alliance brought in $4 billion worth of aid annually, including everything from oil to guns, but also provoked the 1962 Cuban Missile Crisis when the United States discovered Soviet missiles on the island.
Convinced that the United States was about to invade Cuba, Castro urged the Soviets to launch a nuclear attack.Cooler heads prevailed.
Soviet leader Nikita Khrushchev and U.S. President John F. Kennedy agreed the Soviets would withdraw the missiles in return for a U.S. promise never to invade Cuba.SPECIAL PERIOD'
When the Soviet Union collapsed in 1991, an isolated Cuba fell into an economic crisis that lasted for years and was known as the "special period." Food, transport and basics such as soap were scarce and energy shortages led to frequent and long blackouts.
Castro undertook a series of tentative economic reforms to get through the crisis, including opening up to foreign tourism.
The economy improved when Venezuela's late socialist leader, Hugo Chavez, who looked up to Castro as a hero, came to the rescue with cheap oil. Aid from communist-run China also
helped, but Venezuelan support has eased since Chavez's death in 2013.
Plagued by chronic economic problems, Cuba's population of 11 million has endured decades of hardship, although not the deep poverty, violent crime and government neglect of many other developing countries.
Cuban state workers earn on average the equivalent of $25 a month and struggle to make ends meet even in an economy where education and healthcare are free and many basic goods and services are heavily subsidized.
Still, for most Cubans, Castro has been the ubiquitous figure of their lives.
Many love him and share his faith in communism, and even some who abandoned their political belief still respect him.
"For everyone in Cuba and outside his death is very sad," said Havana resident Luis Martinez. "It is very painful news."
(Reporting by Daniel Trotta, Marc Frank, Sarah Marsh and Simon Gardner; Additional reporting by Ana Isabel Martinez; Editing by Kieran Murray, Bill Rigby, Jonathan Oatis and
Jacqueline Wong)
Death By Demonetisation
Death By Demonetisation
by Satya Sagar — November 17, 2016
The abrupt demonetisation of 500 and 1000 rupee notes by the Narendra Modi regime is a drastic move that is staggering in its scale, ambition and repurcussions. The only other figures in modern history one can think of, devious or stupid enough to attempt something similar, are the likes of Marcos, Suharto, Idi Amin and Pol Pot.
For all its audacity however, the decision could go down also as the grandest of blunders made by anyone in Indian political history. Poorly planned and implemented it is likely to prove disastrous not only for the country’s economy but – ironically enough,– for the BJP’s own electoral fortunes.
The abolition of the two currency notes – that make up 86% of all cash in circulation in the Indian economy – has affected almost every family in the second most populous nation on the planet. The harassment of the common citizen – particularly from the ranks of the urban and rural poor-through denial of access to income, savings and livelihood will not be forgotten anytime soon.
The Modi government’s supporters have termed demonetisation a ‘surgical strike’ against black money, calling it a ‘bold’ , ‘necessary’ and ‘well intentioned’ step. A more rabid section of his fans see all complaints as coming from those who benefited from black money, mainly the BJP’s political opponents. The Prime Minister himself has called upon the nation to ‘make sacrifices’ and put up with hardship for 50 days in this battle against corruption.
However, growing consensus among economists both within and outside the country is that demonetisation is a foolish measure and will hurt the Indian economy badly – especially farmers, small businesses, labour and anyone part of the country’s informal sector – and operates on a daily basis through cash transaction. The informal sector constitutes over 30 % of the Indian economy in value and 92% in terms of workforce employed[1].
Since the drastic policy was announced on November 8, all these have come to a complete standstill, leaving millions without livelihood or means to buy basic goods. As one respected economist has pointed out demonetisation may have permanently damaged India’s informal sector[2].
A severe deflation is predicted over the next six months to a year or even longer, as spending power disappears or goes down for millions of Indians and businesses shut down. There is also the concern that, with government issued currency losing credibility through demonetisation, more and more people will keep their money in unproductive but safe assets like gold and property.
So, why would the government take such a high risk step ? What was Mr Modi really trying to do when he announced a measure that directly affects almost every single family in the second most populous nation on the planet? Who are the real beneficiaries of this drastic policy? Will it really stop black money from circulating in the economy and end corruption from the country?
Despite all this propaganda it is quite clear now that demonetisation has nothing really to do with black money, that constitutes a sizeable 20 % of the Indian economy, of which only 6% is hoarded in cash, the rest being stashed away in gold, real estate and foreign accounts. If the government was serious about hurting the beneficiaries of black money they would have started by prosecuting those who keep such ill-gotten wealth in non-cash assets. Also, given the large-scale collusion of the Indian political class and bureaucracy in corruption the Modi regime should have first gone after its own ministers and government officials (particularly from the tax and revenue collection departments) to set a public example.
At its core, demonetisation is essentially an an attempt at economic and social engineering – on behalf of corporate banking and financial elites – the new paymasters Modi genuflects to after having ditched the small and medium mercantile lobbies the BJP represented for long. The Indian middle-classes, both real and aspirational, are rooting for the policy as they see a consolidation of their own power and future benefits in it.
With one stone, the policy’s architects have tried to slaughter many birds: recapitalise public banks burdened with bad loans; lend out new deposits to cronies in the corporate sector; enrich new entrants into the digital banking business, give the government extra funds to spend on its pet projects and steal a march over political rivals.
a. Rebooting troubled Indian banks: The bad loans or Non Performing Assets (NPAs) in the Indian banking sector, stood at nearly6 lakh crore rupees by end of March 2016[3]. Over 90 per cent of this is on the books of public-sector banks, with the State Bank of India accounting for the highest amount. Even this sum, stunning as it may be, is considered a gross underestimation and if loans that face the risk of being declared NPAs are also taken into account, theoverall stressed advances of Indian banks will double[4]. A bulk of the NPAs are in turn due to default on interest payments by the corporate sector, which has been milking the banking system through its political patrons.
The increase in deposits of banks expected due to the crackdown on black money is expected to help banks get into better health, lower interest rates and enable them to resume lending to Indian businesses again. In other words, demonetisation is a way of saving many Indian public sector banks while also providing corporates with fresh loans, a very dubious strategy given those in power seem to have no real will to recover money from their defaulter cronies.
b. Increasing the government’s cash flow: One of the justifications being given now for demonetisation is that an estimated Rs.16 lakh crores circulating in the Indian economy as cash, mostly in the form of 500 and 1000 rupee notes, will all get accounted for as they will be forced to go through the banking system. Assuming that a significant portion of the cash held in high denomination notes is ‘black money’ – it is argued that a significant percentage of this black money will not come back at all due to fear of penalties and prosecution and becomes useless. This will reduce the overall liability of the Researve Bank of India by anywhere between 2-4 lakh crore rupees, providing a windfall to the state exchequer. This calculation has been challenged by several economists but even if it were right, the moot question is what the government plans to spend all this extra money on, given its extremely poor record of spending on health, education and infrastructure for the welfare of the population?What is the guarantee that it will not all end up in the pockets of ruling party politicians and their businessmen friends?
c. Boosting the digital cash economy: In July this year a new study by Google and Boston Consulting Group[5] predicted an exponential increase in digital payments, estimated to grow by 10 times to touch US$500 billion by 2020 – or around 15% of the Indian GDP by that time. A bulk of these payments, the study said, will be micro-transactions, with over 50% of person-to-merchant business expected to be under100.
The biggest barrier to this prediction coming true however is supposed to be the fact that a vast majority of Indians prefer to use cash over digital money. Cash, as a percentage of total consumer payments in India, is around 98%, compared with 55% in the US and 48% in the UK, according to report by Payments Council of India released in 2015[6].
In one sweeping stroke, the Modi regime has changed all that and through demonetisation is about to force millions of Indians into the waiting arms of around a dozen private ‘payment banks’ given licences to operate by the Reserve Bank of India in 2015. Among the big non-banking sector corporate grabbing these licenses are Reliance Industries, Airtel, Aditya Birla group, Vodafone, Paytm and Tech Mahindra. The fact that Paytm[7] saw more than five-fold rise in overall traffic in less than 18 hours of the demonetization is an indication that ‘achche din’ have really arrived for the BJP’s cronies in the new banking sector.
Ironically (or maybe not so ironically) the total black money stored in digital form in foreign banks and in benami names in domestic banks and in shares, bonds and other financial instruments is much bigger than that in hard cash. In the absence of a honest political ruling class, bureaucracy or police the shift to a digital economy will only make it easier to store black money while making companies in the banking sector rich.
d. Cutting political opponents to size: Apart from all these dubious motives behind demonetisation there seems to be something even more devious at work. There are serious allegations of a scam–that BJP insiders changed their hoards of black money into white in various ways in the run up to the new policy. While these charges need further investigation, the Indian media has already reported a suspicious surge in bank deposits in the months just prior to demonetisaion and even produced evidence of the BJP’s West Bengal unit depositing large sums of cash[8] into its account just hours before the announcement was made. Given the widespread use of black money in cash by all political parties during elections demonetisation is calculated to hit the BJP’s opponents in the upcoming Punjab and Uttar Pradesh elections. Public discontent over the policy could however negate any such gains.
Looking at the demonetisation policy from a more long-term political perspective the portents under the current regime are scary. What Narendra Modi is really proving is that he is capable of playing a very high-risk game in order to boost his own stature, ram through policies that benefit his corporate cronies and care two hoots for the welfare of the Indian masses (despite being a chaiwallah’s son himself!). It is a display of high confidence, even arrogance, on part of the BJP ‘strongman’ that is extraordinary even by his previous record and standards.
The other point to note is that the Indian right wing, represented by the BJP and the Sangh Parivar, is not at all hesitatnt about turning the entire country or even the Indian Constitution upside down in pursuit of whatever objectives they deem worthwhile. In that sense the idea of ‘revolution’ or overthrow of the state and current social order, rhetorically championed for long by leftists, is being implemented in practice by the right-wing. The Sangh Parivar has become the only effective insurrectionary force in the country today- with truly frightening possibilities in future, including a political emergency to accompany the financial one.
This is not to say at all they will necessarily succeed in their plans. Fortunately for Indian democracy, those espousing fascist control also seem to be cocksure and foolish – as undoubtedly Modi and his men have been with the demonetisation decision –a truly spectacular self-goal on their part.
With public anger against the policy growing steadily this is perhaps the right time for opponents of the Parivar’s various, draconian gameplans to get their act together and mobilise the Indian people. How seriously they carry out this mission will determine whether it is the Parivar or its opponents who finally go out of circulation –like the recently abolished currencies.
Satya Sagar is a journalist and public health worker who can be reached sagarnama@gmail.com
--------------------------------Ref
[1]Indian Informal Sector: an Analysis Dr. Muna Kalyani. International Journal of Managerial Studies and Research (IJMSR) Volume 4, Issue 1, January 2016, PP 78-85.
https://www.arcjournals.org/pdfs/ijmsr/v4-i1/9.pdf
[2] http://thewire.in/80564/modis-demonetisation-move-may-have-permanently-damaged-indias-informal-sector/
[3] http://economictimes.indiatimes.com/articleshow/51078318.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
[4] http://www.dnaindia.com/money/report-indian-banks-stressed-loans-pile-set-to-top-rs-13-lakh-crore-2211890
[5] http://www.livemint.com/Industry/M6SPyd4vUcC7QIQRnjBqaO/Digital-payments-in-India-seen-touching-500-billion-by-2020.html
[6] https://www.saddahaq.com/digital-india-epayments-and-online-transactions-upset-the-traditional-paper-payment-apple-cart-incentives-for-epayments-could-be-offered-in-the-budget
[7] http://www.livemint.com/Companies/iHcFkPVVuATAjxCD5zK4QJ/Digital-payment-platforms-record-surge-in-transactions-after.html
[8] http://economictimes.indiatimes.com/news/politics-and-nation/bengal-bjp-deposits-money-just-hours-before-currency-ban-announcement-cpm-alleges-tip-off/articleshow/55372157.cms
by Satya Sagar — November 17, 2016
The abrupt demonetisation of 500 and 1000 rupee notes by the Narendra Modi regime is a drastic move that is staggering in its scale, ambition and repurcussions. The only other figures in modern history one can think of, devious or stupid enough to attempt something similar, are the likes of Marcos, Suharto, Idi Amin and Pol Pot.
For all its audacity however, the decision could go down also as the grandest of blunders made by anyone in Indian political history. Poorly planned and implemented it is likely to prove disastrous not only for the country’s economy but – ironically enough,– for the BJP’s own electoral fortunes.
The abolition of the two currency notes – that make up 86% of all cash in circulation in the Indian economy – has affected almost every family in the second most populous nation on the planet. The harassment of the common citizen – particularly from the ranks of the urban and rural poor-through denial of access to income, savings and livelihood will not be forgotten anytime soon.
The Modi government’s supporters have termed demonetisation a ‘surgical strike’ against black money, calling it a ‘bold’ , ‘necessary’ and ‘well intentioned’ step. A more rabid section of his fans see all complaints as coming from those who benefited from black money, mainly the BJP’s political opponents. The Prime Minister himself has called upon the nation to ‘make sacrifices’ and put up with hardship for 50 days in this battle against corruption.
However, growing consensus among economists both within and outside the country is that demonetisation is a foolish measure and will hurt the Indian economy badly – especially farmers, small businesses, labour and anyone part of the country’s informal sector – and operates on a daily basis through cash transaction. The informal sector constitutes over 30 % of the Indian economy in value and 92% in terms of workforce employed[1].
Since the drastic policy was announced on November 8, all these have come to a complete standstill, leaving millions without livelihood or means to buy basic goods. As one respected economist has pointed out demonetisation may have permanently damaged India’s informal sector[2].
A severe deflation is predicted over the next six months to a year or even longer, as spending power disappears or goes down for millions of Indians and businesses shut down. There is also the concern that, with government issued currency losing credibility through demonetisation, more and more people will keep their money in unproductive but safe assets like gold and property.
So, why would the government take such a high risk step ? What was Mr Modi really trying to do when he announced a measure that directly affects almost every single family in the second most populous nation on the planet? Who are the real beneficiaries of this drastic policy? Will it really stop black money from circulating in the economy and end corruption from the country?
Despite all this propaganda it is quite clear now that demonetisation has nothing really to do with black money, that constitutes a sizeable 20 % of the Indian economy, of which only 6% is hoarded in cash, the rest being stashed away in gold, real estate and foreign accounts. If the government was serious about hurting the beneficiaries of black money they would have started by prosecuting those who keep such ill-gotten wealth in non-cash assets. Also, given the large-scale collusion of the Indian political class and bureaucracy in corruption the Modi regime should have first gone after its own ministers and government officials (particularly from the tax and revenue collection departments) to set a public example.
At its core, demonetisation is essentially an an attempt at economic and social engineering – on behalf of corporate banking and financial elites – the new paymasters Modi genuflects to after having ditched the small and medium mercantile lobbies the BJP represented for long. The Indian middle-classes, both real and aspirational, are rooting for the policy as they see a consolidation of their own power and future benefits in it.
With one stone, the policy’s architects have tried to slaughter many birds: recapitalise public banks burdened with bad loans; lend out new deposits to cronies in the corporate sector; enrich new entrants into the digital banking business, give the government extra funds to spend on its pet projects and steal a march over political rivals.
a. Rebooting troubled Indian banks: The bad loans or Non Performing Assets (NPAs) in the Indian banking sector, stood at nearly6 lakh crore rupees by end of March 2016[3]. Over 90 per cent of this is on the books of public-sector banks, with the State Bank of India accounting for the highest amount. Even this sum, stunning as it may be, is considered a gross underestimation and if loans that face the risk of being declared NPAs are also taken into account, theoverall stressed advances of Indian banks will double[4]. A bulk of the NPAs are in turn due to default on interest payments by the corporate sector, which has been milking the banking system through its political patrons.
The increase in deposits of banks expected due to the crackdown on black money is expected to help banks get into better health, lower interest rates and enable them to resume lending to Indian businesses again. In other words, demonetisation is a way of saving many Indian public sector banks while also providing corporates with fresh loans, a very dubious strategy given those in power seem to have no real will to recover money from their defaulter cronies.
b. Increasing the government’s cash flow: One of the justifications being given now for demonetisation is that an estimated Rs.16 lakh crores circulating in the Indian economy as cash, mostly in the form of 500 and 1000 rupee notes, will all get accounted for as they will be forced to go through the banking system. Assuming that a significant portion of the cash held in high denomination notes is ‘black money’ – it is argued that a significant percentage of this black money will not come back at all due to fear of penalties and prosecution and becomes useless. This will reduce the overall liability of the Researve Bank of India by anywhere between 2-4 lakh crore rupees, providing a windfall to the state exchequer. This calculation has been challenged by several economists but even if it were right, the moot question is what the government plans to spend all this extra money on, given its extremely poor record of spending on health, education and infrastructure for the welfare of the population?What is the guarantee that it will not all end up in the pockets of ruling party politicians and their businessmen friends?
c. Boosting the digital cash economy: In July this year a new study by Google and Boston Consulting Group[5] predicted an exponential increase in digital payments, estimated to grow by 10 times to touch US$500 billion by 2020 – or around 15% of the Indian GDP by that time. A bulk of these payments, the study said, will be micro-transactions, with over 50% of person-to-merchant business expected to be under100.
The biggest barrier to this prediction coming true however is supposed to be the fact that a vast majority of Indians prefer to use cash over digital money. Cash, as a percentage of total consumer payments in India, is around 98%, compared with 55% in the US and 48% in the UK, according to report by Payments Council of India released in 2015[6].
In one sweeping stroke, the Modi regime has changed all that and through demonetisation is about to force millions of Indians into the waiting arms of around a dozen private ‘payment banks’ given licences to operate by the Reserve Bank of India in 2015. Among the big non-banking sector corporate grabbing these licenses are Reliance Industries, Airtel, Aditya Birla group, Vodafone, Paytm and Tech Mahindra. The fact that Paytm[7] saw more than five-fold rise in overall traffic in less than 18 hours of the demonetization is an indication that ‘achche din’ have really arrived for the BJP’s cronies in the new banking sector.
Ironically (or maybe not so ironically) the total black money stored in digital form in foreign banks and in benami names in domestic banks and in shares, bonds and other financial instruments is much bigger than that in hard cash. In the absence of a honest political ruling class, bureaucracy or police the shift to a digital economy will only make it easier to store black money while making companies in the banking sector rich.
d. Cutting political opponents to size: Apart from all these dubious motives behind demonetisation there seems to be something even more devious at work. There are serious allegations of a scam–that BJP insiders changed their hoards of black money into white in various ways in the run up to the new policy. While these charges need further investigation, the Indian media has already reported a suspicious surge in bank deposits in the months just prior to demonetisaion and even produced evidence of the BJP’s West Bengal unit depositing large sums of cash[8] into its account just hours before the announcement was made. Given the widespread use of black money in cash by all political parties during elections demonetisation is calculated to hit the BJP’s opponents in the upcoming Punjab and Uttar Pradesh elections. Public discontent over the policy could however negate any such gains.
Looking at the demonetisation policy from a more long-term political perspective the portents under the current regime are scary. What Narendra Modi is really proving is that he is capable of playing a very high-risk game in order to boost his own stature, ram through policies that benefit his corporate cronies and care two hoots for the welfare of the Indian masses (despite being a chaiwallah’s son himself!). It is a display of high confidence, even arrogance, on part of the BJP ‘strongman’ that is extraordinary even by his previous record and standards.
The other point to note is that the Indian right wing, represented by the BJP and the Sangh Parivar, is not at all hesitatnt about turning the entire country or even the Indian Constitution upside down in pursuit of whatever objectives they deem worthwhile. In that sense the idea of ‘revolution’ or overthrow of the state and current social order, rhetorically championed for long by leftists, is being implemented in practice by the right-wing. The Sangh Parivar has become the only effective insurrectionary force in the country today- with truly frightening possibilities in future, including a political emergency to accompany the financial one.
This is not to say at all they will necessarily succeed in their plans. Fortunately for Indian democracy, those espousing fascist control also seem to be cocksure and foolish – as undoubtedly Modi and his men have been with the demonetisation decision –a truly spectacular self-goal on their part.
With public anger against the policy growing steadily this is perhaps the right time for opponents of the Parivar’s various, draconian gameplans to get their act together and mobilise the Indian people. How seriously they carry out this mission will determine whether it is the Parivar or its opponents who finally go out of circulation –like the recently abolished currencies.
Satya Sagar is a journalist and public health worker who can be reached sagarnama@gmail.com
--------------------------------Ref
[1]Indian Informal Sector: an Analysis Dr. Muna Kalyani. International Journal of Managerial Studies and Research (IJMSR) Volume 4, Issue 1, January 2016, PP 78-85.
https://www.arcjournals.org/pdfs/ijmsr/v4-i1/9.pdf
[2] http://thewire.in/80564/modis-demonetisation-move-may-have-permanently-damaged-indias-informal-sector/
[3] http://economictimes.indiatimes.com/articleshow/51078318.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
[4] http://www.dnaindia.com/money/report-indian-banks-stressed-loans-pile-set-to-top-rs-13-lakh-crore-2211890
[5] http://www.livemint.com/Industry/M6SPyd4vUcC7QIQRnjBqaO/Digital-payments-in-India-seen-touching-500-billion-by-2020.html
[6] https://www.saddahaq.com/digital-india-epayments-and-online-transactions-upset-the-traditional-paper-payment-apple-cart-incentives-for-epayments-could-be-offered-in-the-budget
[7] http://www.livemint.com/Companies/iHcFkPVVuATAjxCD5zK4QJ/Digital-payment-platforms-record-surge-in-transactions-after.html
[8] http://economictimes.indiatimes.com/news/politics-and-nation/bengal-bjp-deposits-money-just-hours-before-currency-ban-announcement-cpm-alleges-tip-off/articleshow/55372157.cms
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