Cemil ipekci astrolog

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India is at a point where numerous elements of this crisis would not arise. Foreign investors in India are not merely buying index funds and putting a tiny weight on India.

They are invested in India on a substantial scale, given that India is one of the large emerging markets. The combination of the FII framework and the Mauritius route has many problems, but it has led to a very large number of foreign investors who take interest in India, study India and know about stocks.

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Many of these investors have built up teams that systematically work on learning and trading Indian companies. When a crisis occurs, such as on May 17, , this pool of foreign investors does not engage in herding.

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They act just like any other pool of speculators. Some are optimistic and buy, others are pessimistic and sell. The net sale on May 17, , was a tiny fraction of the overall trading activity of foreigners. The Indian equity and currency markets are now quite deep and liquid. So if there is an external shock of a few billion dollars in a single day, this is not big enough to generate extreme price movements.

By now, the finance ministry and the Reserve Bank have learned to abstain from trading in either the currency or the equity markets. So when some foreigners sell, the government does not rush in to try to prevent stock market or rupee depreciation. This policy stance of price flexibility generates a deeper stabilising response: after some foreigners sell, the prices go down, which makes the stock market and the rupee more attractive to foreign investors.

The RBI's policy framework of a floating exchange rate has blocked the ability of currency market issues from constraining monetary policy. In difficult times, the RBI would be able to cut interest rates, thus helping the economy. High currency volatility has become the norm in India. As a consequence, large companies know that when they borrow abroad, they have to hedge their currency exposure. Hence, if a large rupee depreciation should take place, as in the last two years, there is no crisis.

In this sense, India has emerged. While the danger of this classic emerging market crisis no longer haunts India, we are far from finished with our institution-building. Fiscal, financial and monetary institution-building are the three pillars of what makes an emerging market emerge. India remains a much more volatile economy, with weak policy-making capabilities, when faced with shocks. A lot remains to be done on improving fiscal, financial and monetary institutions. As a first step, Budget proposed to push a number of financial sector reform bills through Parliament this year.

It remains to be seen whether the government will be able to do that successfully or not. There was the amusing sight of the prime minister and the leader of the opposition trading Urdu couplets during the WikiLeaks debate in the Lok Sabha; and then that of the leader of the opposition going on various channels and saying that it was altogether charming — and that the session was successful and enjoyable, all told. It was all very entertaining, as long as you convinced yourself they weren't taking themselves seriously, in which case it would just have been depressing.

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But, these weeks, the real stories have been outside. In Libya, for one, being told by people like CNN's Nic Robertson in Tripoli, and several Libyan contributors, particularly Mohammed Nabbous of Benghazi, who was shot and killed this week while reporting on a possible violation of its self-declared ceasefire by Gaddafi's regime.

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These were reports from a war zone, from reporters under threat; and yet they succeeded, for the most part, in keeping themselves out of the frame, and presenting the developing story with the gravity it deserved. Robertson even attacked a Fox News journalist by name for, in his opinion, "lies and deceit" in a story claiming journalists were human shields, which he said was "nuts", and filed by people who "don't leave the hotel" and whom he sees mostly at the "hotel breakfasts". And then there's Japan. That country's traumatic series of crises could be responded to in different ways.

A couple of desi news channels decided to maximise alarm, with graphics showing a giant CGI wave, scary music and big shaking text saying "bhukamp". The English channels weren't that different; IBN was particularly alarmist, using the Fukushima nuclear plant explosions to pile on to nuclear energy quite disturbingly and cynically, for example in a segment "explaining the health impacts of radiation poisoning", with bass-heavy background music and words that weren't better researched than the first paragraph of the appropriate Wikipedia article.

The report quoted SMSes circulating in India warning of post-tsunami radiation poisoning from rainfall, and then cut to someone from the Met department explaining this was as likely, in meteorological terms, as a snowstorm in hell. Except it came at the end of a segment explaining, to Indians who must immediately have begun to feel nauseous, radiation poisoning symptoms!

Oh, and the moment he stopped speaking, the scary music started up again. No number of anodyne quotes from WHO representatives can make up for that sort of slanted editing. Sanjay Gupta has a sensible bedside manner, and hammered the point in, over and over again, that the radius of any severe radiation leakage would keep pretty much everyone watching CNN safe even in a worst-case scenario. He had joined Anderson Cooper in Japan, who had gone to cover the tsunami — and actually had to cancel half of his two-hour show because he was too close to the nuclear plant.

Tough job, but it wasn't made much of. Indeed, his shows were well-balanced, calming, and respectful of Japan's grief; they interviewed nuclear engineers who'd worked in plants explaining how you sometimes had to risk your life; survivors of the Indian Ocean tsunami, on coping mechanisms; energy experts stressing the safeguards built in to more modern nuclear plants; and an American senator from Louisiana complaining about people that "use any ongoing crisis to immediately try to advance their pre-existing political agenda rather than first dealing with the crisis, and secondly actually gathering the facts".

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It felt like watching reporting, and discussion, that took itself seriously. That worried about the impact it would have, rather than about having an impact. On reporting moments of crisis, it was clear that there's a lot for Indian news TV to learn.

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The two most influential women personalities of the 20th century — Indira Gandhi and Margaret Thatcher — were both Commonwealth leaders Although the women's movement has already transformed the way in which we look at society in each of our countries, the search for equality is far from finished. History, culture and economics still remain weighted against women. In my own country, most worrying of all is the declining sex ratio of females to males. That this is happening in regions of substantial economic prosperity within the country is even more disturbing.

I should add here, however, that in the recent Commonwealth Games in New Delhi, young women from these very regions won the most number of medals. Among all the challenges facing humankind in the 21st century, few are more pressing than climate change and global warming. Unfortunately, as the International Union for the Conservation of Nature has pointed out, most of the climate debate has so far been gender-blind. Yet women have played a special role in raising environmental consciousness.

The Chipko movement in the Himalayas in the s, in which village women hugged the trees to protect them from being felled, gave a new meaning and momentum to environmental activism in India. Enhancing the role of women in protecting the environment is necessary. But what about protecting women themselves? Economic growth is leading to mass migration to cities. Disturbingly, this is being accompanied by growing violence against women.

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If urbanisation is the world's future, we must design urban environments and services in ways that will give women greater security, and educate and involve citizens in this cause. A Commonwealth initiative bringing together our great cities to collaborate on this issue would be timely. So these are two areas — climate change and urbanisation — where I hope that the Commonwealth can do more for women Like elsewhere in the world, and especially in India, it has not been easy to carve a direct solidarity among women.

Their concerns are divided by class, by community, by caste, by culture. But through the s and '80s, the women's movement in India flowered, banding together on issues like dowry and violence, household labour, discriminatory customs, property rights and wages.

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These campaigns resulted in the enactment of radical new laws. A visitor to contemporary India will be impressed by the prominence of women in all aspects of life. India's president is a woman, as are the speaker and the leader of the opposition in the Lower House of Parliament. The chief minister of India's most populous state is a woman from a section of society subjected to discrimination for centuries.

Women are presidents of four of our major political parties. Women are prominent in the judiciary, the higher civil service, the professions, academia, the corporate world, the media and every branch of civil society. At the time of Independence, women accounted for less than 10 per cent of enrolment in higher education — they will soon be on par with men. And it is not by government action alone that this silent revolution is taking place. Today, women in India are becoming agents of change through their own initiative, their energy and enterprise. Let me give you some examples of where and how women — ordinary poor women — are beginning to make a difference with far-reaching implications for our country as a whole.

Self-help groups The first is the growth of women's self-help groups which are changing rural India. Groups of women pool their savings on a regular basis and secure loans for a variety of activities that help them increase their incomes. There are now about five million such groups, averaging members each. Last year, they secured bank loans worth more than two billion pounds. By giving poor women access to credit and I might add, with a repayment record far superior to that of well-heeled borrowers! But women are doing more than getting loans. They are actually taking on a variety of functions on behalf of government departments.

They are, for instance, buying rice and maize from farmers for sale through fair price shops.