Tuesday, July 16, 2024

Vizhinjam International Seaport trial run inaugurated.

Kerala Chief Minister Pinarayi Vijayan inaugurated the trial run of the highly anticipated Vizhinjam International Seaport, marking a pivotal moment for India’s maritime infrastructure. He praised the project as a testament to successful efforts against international lobbying and expressed optimism about its impact on economic growth.

The port is capable to handle the world’s largest ships. The trial run began on July 12, the port would soon commence full operational activities and has the potential to become a major player in global commercial operations.

The first container vessel, m.v. “San Fernando,” arrived on July 11 and was warmly received. The port is projected to be commissioned between September and October, becoming India’s first semi-automated port equipped with cutting-edge technology. The port aims to enhance efficiency through international standards for dwell times, vessel turnaround, berth productivity, vehicle service time, and crane productivity.

The Vizhinjam International Seaport is set to significantly enhance India’s maritime trade and economic growth, further elevating Kerala’s position on the global economic stage. 

Wednesday, June 26, 2024

Sensex hits new all-time high in early trade

 

The BSE Sensex climbed 134.64 points to hit a new all-time high of 78,188.16 in early trade.

It is observed that , both the benchmark indices encountered volatile trends after an initial peak. Stock market benchmark indices climbed in early trade on Wednesday, June 26, 2024, with the Sensex hitting its fresh all-time high level, but soon equities faced volatile trends and were trading flat amid the emergence of profit-taking.

Among the Sensex companies, UltraTech Cement, ICICI Bank, L&T, Kotak Mahindra Bank, NTPC, Bajaj Finance and Tata Motors were the biggest gainers. Mahindra & Mahindra, HDFC Bank, Tata Steel and JSW Steel were among the losers.

As per reports, the BSE benchmark jumped 712.44 points or 0.92 per cent to settle at a new closing peak of 78,053.52 on Tuesday. The Nifty went up by 183.45 points or 0.78 per cent to settle at a record closing peak of 23,721.30.

Foreign Institutional Investors (FIIs) are showing interest in investments and bought equities worth ₹1,175.91 crore on Tuesday, according to exchange data reports.

Sunday, May 19, 2024

GET RID OF STRESS…….Enjoy journey of your life.

Abraham Lincoln once said “People are as happy as they make up their minds to be”. In the same way we can say that” People are stressed as they wish to be”. They enter our mind only when they are invited. To lead a life without stress is in our hands.

STRESS is the wear and tear that our body experience as we adjust to our constantly changing environment. Positive or negative feelings are created due to physical and emotional effects. Positive influence is that stress can compel one to action due to new awareness. Positive stress is the stress of winning and achieving. It’s called Eustress.

Negative stress is distress and is the stress of losing, failing, overworking and not coping with the demand of the situation. Negative influence which results in distrust, rejection, anger, depression etc. will lead to health problems. We all experience this from time to time.

Stress is different to different people. Stress situations are unique to every individual and hence diverse and numerous. Stress comes from the demands and pressures of the recent past and the anticipated demands and pressures of the near future. It will be thrilling and exciting in small doses, but too much is always exhausting.

Stress can become acute and can crop up in anyone’s life. What we can do about it is travel at the speed of life. It’s simple and easy when you know how. Go with the flow, neither too fast nor too slow. Keep pace with life. Different stress situations are acute stress, episodic stress and chronic stress.

Episodic acute stress is in those who suffer from acute stress frequently, because their lives are so disordered. They are always in a rush, but always late. Things tend to go wrong and they take on too much. It is common for them to be short tempered, irritable, anxious and tense from ceaseless worry. They see disaster around every corner. Inter personal relationships are affected when others respond with hostility. The key to a cure for this is quite naturally a change in attitude and must choose to change.

Chronic stress is the grinding stress that wears people down day after day, year after year. While acute stress can be thrilling and exiting because it is short term and one can go with the flow. Chronic stress destroys bodies, minds and lives. It wreaks havoc through long term attrition, i.e; reducing ones strength or effectiveness through sustained pressure. Chronic stress comes when a person never sees a way out of a miserable situation like broken families, trapped in unhappy marriages, hateful jobs etc. With no hope they gives up searching for solutions and get used to it forgetting it is there.

Chronic stress kills. People wear down to a final fatal breakdown. The only hope, of course, is to move out from the stress zone physically and if that is not possible move out mentally by get going by getting tough.

As Ted Engstrom, an American evangelical leader and writer said “Life is about twenty percent in what happens to us and eighty percent in the way we respond to the events”. Every individual is unique and therefore stress too is unique to every person. No two personalities are ever identical and as such each person’s threshold of tolerance is also different and unique.

When people offer advice, try to trust them and follow their suggestions. Since one cannot sort out which worry is worse than another, sit down and make a list in order of priority. Make a real effort to communicate with other people and imagine oneself in other people’s shoes. Better still, take the initiative to choose to change instead of relying too much on others to bail one out. Awareness, acceptance and an attitude that is positive are the keys to freedom from stress and its related maladies. Reach out, share, smile, hug and get into the rhythm of life and realise that true happiness lies within you. Have realistic expectations, stay with reality and strive to make things better, not perfect. Think positively and leave the valley of doom and stress far behind you and enjoy the journey of life.

(Ref :Rupa sitagita and various other articles)s)

BHAGAVAT GITA.......An interpretation

The nature of God

The Bhagavat Gita adopts the Upanishadic concept of Absolute Reality (Brahman), i.e; a shift from the earlier ritual-driven Vedic religion to one abstracting and internalizing spiritual experiences. The Gita builds on the Upanishadic Brahman theme, conceptualized to be that which everywhere, unaffected, is constant Absolute, indescribable and nirguna (abstract, without features). This Absolute in the Gita is neither a He nor a She, but a "neuter principle", an "It or That".

Chapter 11 of the Gita refers to Krishna as Vishvarupa (above). This is an idea found in the Rigveda.The Vishvarupa omniform has been interpreted as symbolism for Absolute Reality, God or Self that is in all creatures, everywhere, eternally.

Like some of the Upanishads, the Gita does not limit itself to the nirguna Brahman. It teaches both the abstract and the personalized Brahman (God), the latter in the form of Krishna.It accomplishes this synthesis by projecting the nirguna Brahman as higher than saguna or personalized Brahman, where the nirguna Brahman "exists when everything else does not".The text blurs any distinction between a personalized God and impersonal absolute reality by amalgamating the two and using the concepts interchangeably in later chapters. This theme has led scholars to call the Gita panentheistic, theistic as well as monistic.

The nature of Self

The Gita, states Fowler, "thoroughly accepts" atman as a foundational concept. In the Upanishads, this is the Brahmanical idea that all beings have a "permanent real self", the true essence, the Self it refers to as Atman (Self). In the Upanishads that preceded the Gita, such as the Brihadaranyaka Upanishad, the salvational goal is to know and realize this Self, a knowledge that is devoid of the delusions of the instinctive "I, mine" egoism typically connected with the body and material life processes that are impermanent and transient. The Gita accepts atman as the pure, unchanging, ultimate real essence.

The nature of the world

The Gita considers the world to be transient, all bodies and matter as impermanent. Everything that constitutes prakriti (nature, matter) is process driven and has a finite existence. It is born, grows, matures, decays, and dies. It considers this transient reality as Maya. Like the Upanishads, the Gita focuses on what it considers real in this world of change, impermanence, and finitude. To build its theological framework about the world, the text relies on the theories found in the Samkhya and Vedanta schools of Hinduism.

To conclude…According to Mahatma Gandhi, the object of the Gita is to show the way to attain self-realization, and this "can be achieved by selfless action, by desireless action; by renouncing fruits of action; by dedicating all activities to God, i.e., by surrendering oneself to Him, body and Self."

  

Sunday, February 18, 2024

Why did the Supreme Court invalidate electoral bonds?

The Supreme Court has declared the Electoral Bonds Scheme as unconstitutional. In a landmark unanimous judgment, the Supreme Court on Thursday (15.02.2024) struck down as “unconstitutional and manifestly arbitrary” the electoral bonds scheme, which provides blanket anonymity to political donors, as well as critical legal amendments allowing rich corporations to make unlimited political donations.

A five-judge Bench headed by Chief Justice of India D.Y. Chandrachud held that the Union government’s scheme, and preceding amendments made to the Representation of the People Act, the Companies Act, and the Income Tax Act, violated the voters’ right to information about political funding under Article 19(1)(a) of the Constitution.

The lead opinion authored by Chief Justice Chandrachud said that the absolute non-disclosure of the source of political funding through electoral bonds promoted corruption, and a culture of quid pro quo with the ruling party to introduce a policy change or for bagging a license. The scheme and the amendments authorized “unrestrained influence of corporates in the electoral process”, it said.

Donor anonymity was the main feature of the scheme, which has been criticised for long by transparency activists. These bonds constituted an important means of funding political parties since 2018. The court found that the scheme violated the citizens’ right to information about the sources of finances raised by political parties. It directed the full disclosure of all details of contributors, recipient parties and denominations.

(An electoral bond is in the nature of a promissory note which shall be a bearer banking instrument that does not carry the name of the buyer or payee. Any citizen or company could buy these bonds in denominations of ₹1,000, ₹10,000, ₹1 lakh, ₹10 lakh, and ₹1 crore and donate it to a political party. It can be encashed only through a bank account with an authorized bank. The State Bank of India was the bank authorized to issue and encash these bonds.)

Farmers protest in India: Centre rules out MSP law; talks with farmers resume.

Farmers, police clash at various points on Haryana-Punjab border; Delhi under tight security net; SKM urges Prime Minister Modi to intervene and stop using force against farmers

As the protests by farmers belonging to the Samyukt Kisan Morcha – Non-Political (SKM-NP), a splinter group of the Samyukt Kisan Morcha (SKM), and the Kisan Mazdoor Morcha (KMM) escalated into a full-blown conflict with the security forces at various points on the Haryana-Punjab border on Tuesday, the Centre yet again made it clear that announcing a guaranteed minimum support price (MSP), the key demand of the farmers, will not be possible. The government, however, offered for talks with the leaders of the groups. Police personnel fire tear gas canisters at the protesting farmers at Shambhu Barrier in Punjab.

Farmers protest | Updates

The Opposition jumped into the scene and the Congress said it would implement a guaranteed MSP if it came to power. Constituents of the original SKM, meanwhile, urged Prime Minister Narendra Modi to intervene and stop using force against the farmers and asked the SKM-NP to stop fighting separately and support the rural and industrial strike of February 16.

SKM writes to PM ahead of Gramin Bharat Bandh, slams govt action of 'Dilli Chalo' protest. Union Agriculture Minister Arjun Munda and Information and Broadcasting Minister Anurag Thakur asked the farmers to be vary of “disruptive elements” in their movement. Mr. Munda categorically told the media that on a law for guaranteed MSP, the Centre had to look at all sides of it. Mr. Thakur said protesters needed to understand that by continuously adding new issues to the discussion, a resolution could not be achieved immediately.

Farmers have been invited for yet another round of dialogue, which is likely to be held on Sunday (18.02.2024). The discussions, led by Mr. Munda and Minister Piyush Goyal, had collapsed. “We are not averse to discussions. Will wait for the outcome of it and if it fails, farmers will breach the blockades and will start marching to Delhi,” said K.V. Biju, a senior leader of SKM-NP. He said more than 60 farmers were injured in the lathi charge and firing of rubber bullets and tear gas shells on them by the police.

Heavily barricaded

Meanwhile, in anticipation of the march, borders across the capital remained heavily barricaded and under a blanket of security. More than 100 barricades with barbed wires were set up between a seven km stretch on the Singhu border, in Kundli in Haryana. Teams of the Delhi Police and CAPF, RAPF were also deployed strategically at all points along with anti-riot gears. Some entry and exit gates of select Metro stations near important installations, including Parliament, have been shut as prohibitory orders remain in force. They were later opened by Tuesday night.

Heavy police deployment was also witnessed on Delhi’s borders with Uttar Pradesh. The Delhi-Noida direct flyaway, Ghazipur border and other prominent locations were under scrutiny. Movement for ambulances and other emergency vehicles was also made difficult despite the police’s attempts to ensure smooth traffic flow at these borders. Keeping security concerns, Archaeological Survey of India officials said the Red Fort complex had been shut down for visitors, especially considering the last time when many protesting farmers had entered the central part of Delhi on January 26 in 2021.

KMM coordinator Sarwan Singh Pandher hit out at the Centre for attacking the farmers and farm labourers marching towards Delhi. Mr. Pandher said the farmers responded to the force by hurling stones. Jagjit Singh Dallewal, another farmer leader, said that around 60 young farmers were injured in the police action.

In an appeal to SKM-NP, the original SKM said various Kisan organisations and platforms are fighting on the same and common demands. Hence, all the like-minded organisations should make an effort to build a common and united struggle on these issues.

  

Thursday, February 8, 2024

Highlights of Interim Budget for the FY 2024-25 by Finance Minister Nirmala Sitharaman

  • No Changes in Income Tax Slabs. No Change in Tax rates for Company, LLP or any other person
  • Some Exemption to Startups and Extend some concession - extension of tax sops for sovereign wealth funds and startups to March 2025
  • Tax payers service - Withdrawal of direct tax demands of period upto ₹25000 for period upto 2009-10 and ₹10000 for period upto 2014-15, 1 Crore people will benefit
  • 40,000 normal railway bogies will be converted to vande Bharat standards
  • 1-lakh crore corpus will be made available with 50 year interest free (long-term financing or refinancing) to encourage the private sector to scale up R&D. Corpus of 1 Lakh Crore for Reduced Rate Loans to Private Sector for Research in Sunrise Domains.
  • Rooftop solarisation and free electricity Through rooftop solarisation, 1 crore households will be enabled to obtain up to 300 units of free electricity every month. This scheme follows resolve of Prime Minister, on the historic day of consecration of Ram Mandir in Ayodhya.Garib, Mahila, Annadata and Yuva will be focus groups
  • Worries about food have been eliminated with free rations for 80 crore people.25 crores Indians were pulled out of multi dimensional poverty by the govt over past 10 yrs.
  • Govt could save 2.7-lakh crore through avoidance of leakages. Electronic agri Mandi has connected 1051 mandis, transacting ₹2-lakh crore
  • Minimum support prices for ‘Annadata’ (farmers) increased periodically
  • Female enrolment in higher education has gone up by 28 per cent in 10 year
  • Avg real income has increased by 50 per cent
  • Every year under PM Kisan Samman Yojana, Direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers.PM SVANIDHI has provided credit assistance to 78 lakh street vendors, from that total, 2.3 lakh have received credit for the third time.PM JANMAN Yojana reaches out Particularly Vulnerable Tribal Groups.PM Vishakarma Yojana provides end to end support to artisans and craftspeople. Scheme for empowerment of Divyang and transgender people..PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh crore for entrepreneurial aspirations of our youth. Fund of Funds, Startup India and Startup Credit Guarantee Schemes are assisting the youths of the country.
  • The National Education Policy 2020 is ushering transformational reforms.PM Shri is delivering quality teaching. Skill India Mission has trained 1.4 crore youth, upskilled and reskillled 54 lakh youth and established 3,000 new ITIs.Large no. of institutions of higher learning namely 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMSs and 390 universities have been set up
  • The country received its highest ever medal tally in Asian Games and Asian Para Games in 2023
  • The earlier approach of tackling poverty resulted in very modest outcomes When the poor became empowered partners in development process, government's power to assist them increases manifold. In the last 10 years, the government has assisted 25 crore people to get freedom from multidimensional poverty.2cr more houses will be built under PM Awas Yojana Gramin 1cr houses will be taken to rooftop solar units to generate free electricity. Housing for Middle Class, Govt will launch a new scheme to buy and build their own houses
  • Making Triple Talaq illegal, one third women's reservation in Lok Sabha and state assemblies, giving over 70% houses under PM Awas Yojana in rural areas to women as sole or joint owners have enhanced their dignity. Empowerment of Women through entrepreneurship, ease of living and dignity has gained momentum in last 10 years.30 crore MUDRA Yojana loans have been given to woman entrepreneurs. Female enrollment in higher education has gone up by 28% in 10 years.In STEM courses, girls and women constitute 43% of enrollment, one of the highest in the world. All these are getting reflected in increasing participation of women in workforce
  • Besides delivering on high growth, the government is equally focussed on a more comprehensive GDP - I.e., Governance, Development and Performance.Ayushman Bharat scheme cover will be extended to all Asha, Anganwari worker and helpers.
  • To ensure housing for middle class, the government will launch a scheme for middle class.This is to help them to buy or build their own houses for those living in slums, chawls or rented houses, she added.
  • A committee to set up more medical colleges, free cervical Cancer vaccines for girls from 9-14 years
  • Nano DAP on various crops will be expanded in all agro-climatic zones
  • GST has enabled One Nation One Market One Tax
  • GIFT IFSC and Unified Regulatory Authority IFSCA are creating a robust gateway for global capital and financial resources
  • Proactive inflation management has helped keep inflation within the policy band
  • Matsya Sampada Yojana to be expanded to generate more employment, increase earnings
  • Despite the challenges due to COVID, implementation of PM Awas Yojana Rural continued and we are close to achieving the target of 3 crore houses. 2 crore more houses will be taken up in the next 5 years
  • India U.S. Europe sponsored Middle East- Europe corridor: potential gateway for world trade for 100s of years.
  • India assumed G20 Presidency during very difficult times, global economy was going through high inflation, low growth, high interest rates, very high public debt, low trade growth and climate changes
  • Pandemic has led to a crisis of food, fertilizer, fuel and finances while India successfully navigated its way and showed the world the way forward
  • India built consensus on global problems, the recently announced India Middle East Europe Economic Corridor is a strategic and economic game changer for India and others
  • overnment is ready to assist states in faster development of aspirational districts and blocks Government will pay utmost attention to make eastern region and its people a powerful driver of India's growth
  • Charging of electric vehicles Entrepreneurship opportunities to a large number of vendors for supply and installation, employment opportunities for youth with technical skills in manufacturing, installation and maintenance
  • Rooftop solarisation and free electricity. Through rooftop solarisation, 1 crore households will be enabled to obtain up to 300 units of free electricity every month
  • FDI inflows stand at $596 billion, twice more than 2014-15
  • The govt will form a high powered committee to address the concerns of fast population growth and demographic change
  • Fisheries scheme to help reach the target of INR 1 lakh crore exports
  • Fiscal deficit for FY 24 revised at 5.8%. lower than earlier estimate of 5.9% in BE
  • FDI is 'First Develop India. FDI inflow during 2014 to 2023 was Rs 596 billion US dollars, marking a golden era. This was twice the FDI inflow between 2005 to 2014. For sustained FDI, we are negotiating bilateral investment treaties with foreign partners
  • Revised fiscal deficit estimated for FY24 has been pegged at 5.8% of GDP and the deficit for FY25 is pegged at 5.1%
  • To address fervor for domestic tourism, projects for port connectivity, tourism infra & amenities will be taken on our islands including Lakshadweep. Government will further promote private and public investment in post harvest activities including aggregation, modern storage, supply chains, primary and secondary processing, marketing and branding. After successful adoption of Nano urea,
  • Nano DAP application on various crops will be expanded in all agro climatic zones. Electronic National Agricultural Market has integrated 1,361 mandis and is providing services to 1.8 crore farmers with trading volume of 3 lakh crores of rupees. The sector is poised for inclusive, balanced and higher growth and productivity.

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