Until just a few years ago, the Indian economy was on a robust and active economic growth trajectory. Consumer confidence was at its highest, Investor confidence unshakable and employment generation at its peak. India’s government borrowings were at its lowest. In late 2009 in fact, India – the world’s largest Gold consumer, bought 200 metric tons of Gold bullion from the International Monetary Fund (IMF) for a whopping $6.7 billion!
The transaction, equivalent to 8 percent of world annual mine production, was the IMF’s first such sale in nine years and propels India to the ninth-biggest government owner globally, according to figures from London-based research company GFMS Ltd. The country previously held 358 tons, the data shows. The news was a “surprise because everybody was talking about China being the buyer” according to every news anchor at that time! Compare this to the dark times after 1990′s Oil spike caused by the first Gulf War, when India had to mortgage its Gold reserves to manage its imploding Current Account Reserve (CAD).
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When a person is asked to visualize a terrorist, the image that often comes up is a person in tattered clothes probably with the desert in the background with a cloth covering his face and clutching a Kalashnikov or a rocket launcher.
Something about him would tell you that he is uneducated, poor and is fighting because he has no money and taking up arms is the only way he can survive. This is also reinforced when we are taught about terrorism in schools and other educational institutions where we are told that poverty and illiteracy is why people become terrorists.
The idea that terrorists are those who take up terrorism because they are illiterate and poor is something I have a few reservations about. Nobody wants to deny that there is a link between poverty and terrorism, which countries which are not experiencing development become breeding grounds and sanctuaries for terrorist organizations. Even then, the whole idea that poverty drives terrorism is not very convincing.
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India is the sixth country to have a space mission to Mars. The country will land its mars rover on the red planet in September 2014. The scientists will have a great sense of achievement once the mars explorer vehicle touches down. That feeling comes once in a life time for these hard working scientists. Has anyone wondered that the common man, who rides his mars explorer(two-wheeler) on the roads has the same sense of achievement everyday? I’m sure you must be thinking I’m not in my senses! “Come on dude! Who compares a simple middle –class man to a highly qualified scientist and a two-wheeler to a mars rover?”my friend said, when I spoke to him about this.
Let me explain why I compared these two utterly different personalities.
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