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May triggers Brexit: why India has reasons to be concerned

Britain has formally begun its divorce from the European Union – and it looks like it will be a difficult and messy one. The British Prime Minister, Theresa May, last week formally invoked Article 50 of EU’s Lisbon Treaty and began the two-year negotiation period to separate the United Kingdom from the EU. May, in her opening statements, had already indicated that London foresees a Brexit in which her country will no longer accept the free movement of people from Europe and no longer accept the jurisdiction of the European Court of Justice. The EU’s response has rightly been that in that case it does not see itself required to allow the free flow of goods and services to and fro across the English Channel. The opening salvoes would all point to an extremely difficult and disruptive separating of ways.

India has reasons to be concerned. The weakening of an already crisis-prone EU is an unfortunate additional source of instability at a time when the international order is under enough stress thanks to a whimsical Washington and a belligerent Beijing. An economically damaged UK poses its own problems. India is the third largest foreign investor in the UK, surpassed only by the US and France. In 2015 cumulative Indian investment reached 26 billion pounds – more than all the Indian investment in the rest of Europe put together. The Tata group alone is among the largest industrial firms in the UK. While the Brexit confabulation has reduced the price of British assets and led to some firms expanding their investments, it is also true many Indian firms use the UK as a base for operations in Europe. A “hard Brexit” would mean many of them would reduce their presence in Britain. For example, if British-made goods ended up facing World Trade Organisation-level tariffs – the default rate if the UK-EU talks go badly – then they would land on the Continent 10% more costly than before. That alone would be enough to drive them to move factories out of Britain.

Prime Minister May has so far shown less than exemplary leadership during the process. She continues to underplay the damage the UK will suffer because of Brexit. Though she herself supported EU membership, she has decided to accept the entire agenda of the pro-Brexit campaign though much of this is extreme and unreasonable. Her visits to India, China and the US are an attempt to show that Britain has other economic alternatives. But they have not been marked by success. New Delhi, for example, is largely keen on opening the door for greater immigration and Mode 4 service trade, neither of which her government can concede given their generally anti-migrant stance. However, given London’s weakened straits there is no reason why India should not continue to persevere with this demand. May’s only real accomplishment has been to put an end to the uncertainty over whether the UK was actually going to walk away.

We should be concerned about all the Brexit,situation..

Bangladesh Govt Must strengthen financial and judiciary,and education system conjugated with India,..

Bangladesh Prime Minister Sheikh Hasina will be expecting India to walk the extra mile when she arrives in New Delhi for an official visit on Friday. And rightly so. Under Ms Hasina, Bangladesh has proved a steadfast ally of India and reports suggest the two sides are set to ink nearly 40 agreements during her visit.

For the Indian side, the focus has been on a defence cooperation deal that is expected to cover stepped up collaboration to counter terror and extremism. There has also been talk of a $500 million line of credit for the purchase of military hardware as part of a larger multi-billion dollar economic aid package encompassing everything from connectivity to energy.

But there is no getting around the fact that the issue dominating the discourse on the Bangladeshi side has been the agreement on sharing the waters of the Teesta river that has been stalled since 2011. Bangladeshi officials have referred to the Teesta issue as a “litmus test”, suggesting a breakthrough could pave the way for the shared management of 54 trans-border rivers.

It is unlikely an agreement on the Teesta will be hammered out during Ms Hasina’s four-day visit, even though she is expected to meet West Bengal chief minister Mamata Banerjee — widely perceived as the person holding up the pact — at a banquet hosted by the President. However, there has been talk of the two sides coming up with a draft document that could pave the way for a final agreement.

With Bangladesh set to go to the polls by early 2019, Hasina cannot afford to be seen in any way as bowing to India on key issues. This is a charge that has, anyway, been repeatedly hurled at her by the opposition Bangladesh Nationalist Party, which has already begun raising questions about the need for a defence deal with India. It is therefore imperative for India to strengthen the hands of an ally who has adopted a common stance on issues that are crucial for New Delhi, such as terrorism and regional diplomacy.

For Ms Hasina, it will be important to send out a message to her countrymen that she is engaging India on an equal footing, and in this New Delhi can help by going the extra mile to address her concerns. After its recent electoral victories, the ruling BJP surely is in a position to do so. Both sides should focus on the big picture — a stronger, stable and prosperous Bangladesh is in India’s long-term interests. Ms Hasina has shown on more than one occasion that she is willing to work towards this same big picture.

You must be more sympathesize to your neighboring country..

Indiscrimination of Caste and creed,in India ,but some vigilantism are continuing symontaniously

India can never discriminate against its citizens on the basis of caste, creed, religion or colour. This is what home minister Rajnath Singh said in Lok Sabha in response to Opposition members raising objections to the remarks made by former BJP Rajya Sabha member Tarun Vijay in relation to the colour of south Indians. “This country can never allow to differentiate on the basis of caste, creed and colour,” Singh said.

But there is a considerable disconnect between Mr Singh’s heartening words and reality on the ground. There have been violent assaults on individuals based on religion, colour and caste in recent times by vigilante groups who have taken it upon themselves to dispense justice for various perceived wrongs.

One of the most horrific was the lynching of a cattle trader who was running a legitimate business but was set upon by self-styled gau rakshaks in Alwar. The attack on Nigerians in Noida on suspicion of their involvement in the drug overdose death of an Indian student is another example of a race hate crime. These are just some of the incidents that have taken place recently but on which the law has not moved fast or decisively enough.

Mr Singh must understand and acknowledge that we are a very discriminatory society in many areas. Ideally, awareness and education should serve to erase some of these prejudices, but as seen from our matrimonial ads and the actions of the khaps panchayats, to cite just two examples, this does not always hold good.

As home minister and senior BJP leader, the message from him should be that such incidents will be dealt with severely and swiftly. We have seen that when it comes to mob violence of the sort we saw in Alwar and earlier in Dadri, apart from desultory arrests, the kingpins tend to get away with murder.

Politicians must share the blame for this sort of vigilantism as the recent example of a BJP MLA exhorting people to behead those who oppose the Ram mandir construction shows. Those indulging in inflammatory rhetoric which incites crowds should be booked and not let off with a mere rap on the knuckles.

As home minister Mr Singh can certainly take the lead in making sure that punishment for discriminatory offences is swift, certain and severe. At present, vigilante groups, who attack people who look, behave or dress differently, seem to have no fear of the law, often posting their ugly actions on social media. It is welcome that the minister has expressed these sentiments, he must now act to make sure that they are backed by action.

Motor Vehicle (Amendment) Bill, 2016

It is high time unruly and dangerous drivers were reined in. More than five lakh road accidents take place in India every year claiming close to 1.5 lakh lives. That is why the Lok Sabha’s approval of the modifications to the Motor Vehicle (Amendment) Bill, 2016 which includes a slew of tough measures against violators, is a radical departure for the better from the 30-year-old law that governs traffic in the country.

One of the highlights of the new bill is heftier penalties . Those in the habit of driving rashly should be prepared to pay as much as 20 times more than before. Driving without a licence will invite a fine of Rs 5,000: the fine for the offence was Rs 500 earlier. Driving with a licence that has been deemed disqualified can make you poorer by Rs 10,000 , the fine rising from Rs 500. Another significant proposal is a prison term for callous custodians. If a vehicle is registered in the parent’s name and a minor causes a fatal accident while driving it, the parent could go to jail for a maximum term of three years. This should discourage the culture of underage drivers causing mishaps while speeding or carrying out stunts.

A strong legislation that makes penalties for violators tougher was required to control the growing indiscipline on India’s roads, particularly in big cities.As many as 1,48,707 people were killed and 4,82,389 were injured in more than 4,64,674 accidents on Indian roads in 2015. The lack of awareness about the consequences of letting their children drive is common in many urban households. Instead of checking the menace, some parents take pride in letting their children drive young. And the offenders are getting younger every passing year. According to government data, the Delhi Police fined 225 juveniles for underage driving in 2015 alone. The menace of drink driving is even more widespread. In 2015, the police prosecuted 5,523 people in the Capital for driving under the influence. The proposal to penalise drink driving with a Rs 10,000-!5,000 fine, is , therefore, welcome.

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Under the new bill, .compensation for hit-and-run cases will increase from Rs 25,000 to Rs 2 lakh and for fatal road accidents, up to Rs 10 lakh. Also, it proposes the creation of a Motor Vehicle Accident Fund that would extend a compulsory insurance cover to all road users for certain kinds of accidents and the protection of good Samaritans from civil or criminal action.

To facilitate the delivery of services to stakeholders, says the bill, the government will lean heavily on e-governance. This includes enabling online learners’ licences, increasing the validity period for drivers’ licences and doing away with the norms of educational qualifications for licences. But this can have a flip side.

One of the biggest speed-bumps for the BJP government before it realises the objective of reducing fatalities by 50% in five years is ensuring that only those with requisite expertise get a licence to drive. Although the fear of heftier fines is a step in the right direction, only airtight implementation can ensure that wayward drivers don’t get away by greasing the palms of authorities at various levels.

So every body of our nation must intersecting the hard rule against the people involve in drink and drive..

Governor Urjit Patel’s plainspeak,Our Nation Should be more careful

The central bank was not expected to tinker with key policy rates in its first monetary policy review of 2017-18 unveiled on Thursday, following its decision to shift from an accommodative to a neutral monetary policy stance in February. The Monetary Policy Committee chaired by Reserve Bank of India Governor Urjit Patel has, in fact, decided to raise the rate at which the central bank borrows funds from banks (the reverse repo rate) by 25 basis points, from 5.75% to 6%, while leaving other policy rates untouched. This marginal change is aimed at sucking out from the system excess liquidity that remains a lingering concern, despite coming off its peak in the aftermath of the demonetisation exercise. The RBI has also proposed a new liquidity management tool that awaits government approval, making the draining of surplus liquidity a critical priority all through this year. The efficacy of the RBI’s liquidity management toolkit will impinge on another key concern: inflation, which is expected to climb to 5% by the second half of this fiscal. The RBI says achieving the stated target of 4% inflation even next year could be challenging, with no “lucky disinflationary forces” expected, such as benign commodity and oil prices. It has also pointed to a one-time upside risk to inflation with the implementation of the Goods and Services Tax.

The RBI is quite optimistic about an uptick in the economy this year, projecting 7.4% growth in Gross Value-Added, compared to 6.7% in 2016-17. Along with improved prospects for the world economy a rebound in discretionary consumer spending at home is likely, in line with the “pace of remonetisation” and investment demand on account of lowered interest rates. While the government may take heart from the higher growth projection, it must pay equal heed to Mr. Patel’s plainspeak on four key issues. First, the need to urgently resolve the surge of bad loans on bank books, for which the RBI will unveil a new Prompt Corrective Action framework by the middle of this month. Without this, a virtuous cycle of healthy credit growth necessary for investment and job creation will remain elusive. Second, the RBI has reminded the government there will be “clearly more demand for capital” in the coming days. The government’s allocation of Rs.10,000 crore to recapitalise public sector banks is obviously inadequate. Third, while banks have reduced lending rates, the RBI has pointed out there is room for more cuts if rates on small savings schemes are corrected. Though a formula-based rate was adopted to set these rates last April, small savings schemes still deliver 61-95 basis points higher returns than what they should if the formula is followed, as per the RBI. Most important, the government must not ignore Mr Patel’s categorical call to eschew loan waivers of the kind just announced in Uttar Pradesh. This, he warned, would crowd out private investments and dent the nation’s balance sheet.