#Kill Golden Bird#
mAKING dOLLAR dESTINY OF EVERY iNDIAN,for US interests Modi is Obama`s Man of the moment
Obama writes article about PM Modi in Time magazine, calls him 'India's reformer-in-chief'
Palash Biswas
US president Barack Obama has written about Narendra Modi in TIME magazine, talking about his rise in politics from a tea seller to India's Prime Minister.Obama has also lauded Modi's vision of taking India on the path of growth and plans to elevate millions from clutches of poverty among other things.
#Kill Golden Bird#
India is not only linked to Dollar,not only US weapon and retail companies have access to Indian emerging market,the road ahead seems to be complete Dollar raj India decides to make Rupee fully conevrtible.No wonder that in a sign of warm personal friendship, US President Barack Obama has written a profile for Prime Minister Narendra Modi for Time magazine as it named the Indian leader among the 100 most influential people in the world.For US interests Modi is Obama`s Man of the moment.
The global fascist Hindutva is strategically aligned with the Zionist Global order managed by United States of America and Israel and the President of United States of America is well aware of the RSS Fascist agenda of Making India free of Non Hindu,the cent percent Hindutva.
However,neither United States of America and Israel who lead the war against terror in which India is a partner,has any problem whatsoever.
The Hidnu Rashtra is going to be a joint venture of United States of America and Israel.
It should be understood,giving clean chit to Modi in Gujarat Genocide America chose this man to relaunch dollar which has to die sooner or later.Modi made Dollar the destiny of every Indian.
Taking over the monetary management from Reserve bank Of India,SEBI is turning out to become the greatest Ponzi institution and the market in not only which small and medium investors put their stakes,but every Indian Citizen knowingly or unknowingly have to be the part of the greatest ever casino,is managed by intermediaries who have enough expertise to transfer the money into selected pockets.
To ensure free constant flow of foreign intersts an foreign capital,to make this entire country a Killing fienld for aborigin Indian majority demography with racial apartheid,to make it a nuclear reactor,fully converted Rupee is the ultimate disaster as it would make Indian economy dependent on the liquidity and free flow of foreign capital as well as currency.As the oil economy is breaking down ,no one on this earth would be sure of the fate of the curencies specifically that of Dollar.
Thus, in the profile titled 'India's reformer-in-chief', Obama has described Modi's life story "from poverty to Prime Minister" as one that reflects the dynamism and potential of India's rise.
"Today, he's the leader of the world's largest democracy, and his life story—from poverty to Prime Minister—reflects the dynamism and potential of India's rise," Obama said.
"Determined to help more Indians follow in his path, he's laid out an ambitious vision to reduce extreme poverty, improve education, empower women and girls and unleash India's true economic potential while confronting climate change. "Like India, he transcends the ancient and the modern—a devotee of yoga who connects with Indian citizens on Twitter and imagines a 'digital India'," the US President wrote. Obama recalled Modi's visit to Washington last year when both the leaders visited the memorial to Dr Martin Luther King Junior, an American civil rights activist.
"We reflected on the teachings of King and Gandhi and how the diversity of backgrounds and faiths in our countries is a strength we have to protect. Prime Minister Modi recognises that more than 1 billion Indians living and succeeding together can be an inspiring model for the world," Obama said.
Apart from Modi, ICICI Chief Chanda Kochchar and Vikram Patel, co-founder of the NGO Sangath and the Centre for Global Mental Health at the London School of Hygiene and Tropical Medicine, have also been named to the annual list of the most influential people in the world "who are shaping the future."
Business-Standard reports:
Minister of state for finance Jayant Sinha on Wednesday batted for full capital account convertibility of the rupee.
"If India wants to be a global economy, then the capital account convertibility is needed," he said at a conference on the National Pension System. He also noted the market feeling that it was not needed right now.
Reserve Bank governor Raghuram Rajan had last week said the rupee might become fully convertible over the next few years. India has current account convertibility, more or less, but not capital account convertibility for the rupee.
"My hope is we will get to full capital account convertibility in a short number of years," Rajan had said.
He'd added the central bank was fairly open to the inflow of foreign funds but there were a few areas such as debt (short-term flows) in which it preferred tight control.
Many analysts have credited RBI for its policy of partial capital control, which helped it tide over the impact of the currency meltdown, which had hit many Southeast Asian economies with full capital convertibility in 1997-98.
However, unlike those countries, India did not have a higher proportion of foreign short-term debt in its loan portfolio. That crisis erupted since those countries took short-term external debt and used these for long-gestation infrastructure projects.
In fact, data issued by the finance ministry earlier this month had shown that short-term debt to the overall total fell to 18.5 per cent as on end-December 2014 against 20.5 per cent at end-March 2014. In absolute terms, short-term external debt was $85.6 billion at end-December, a fall of 6.7 per cent from the level at end-March
In May-August 2013 as well, capital control helped the country withstand the effects of speculation of the US Federal Reserve tapering its monetary stimulus programme, despite India seeing as much as $20 bn being pulled out by foreign investors.
After big-bang economic reforms in 1991, the government and RBI have been progressively lifting curbs on capital flows.
Following is the text published in the magazine:
As a boy, Narendra Modi helped his father sell tea to support their family. Today, he's the leader of the world's largest democracy, and his life story - from poverty to Prime Minister—reflects the dynamism and potential of India's rise.
Determined to help more Indians follow in his path, he's laid out an ambitious vision to reduce extreme poverty, improve education, empower women and girls and unleash India's true economic potential while confronting climate change. Like India, he transcends the ancient and the modern - a devotee of yoga who connects with Indian citizens on Twitter and imagines a 'digital India'.
When he came to Washington, Narendra and I visited the memorial to Dr Martin Luther King Jr, we reflected on the teachings of King and Gandhi and how the diversity of backgrounds and faiths in our countries is a strength we have to protect. Prime Minister Modi recognizes that more than 1 billion Indians living and succeeding together can be an inspiring model for the world.
PM Modi was recently voted among the 100 most influential people in the world in an online poll by readers of Time magazine.
On his part, PM Modi thanked the US President for 'touching and inspiring' words and tweeted about Obama's write-up in the magazine.
Syed Akbaruddin, official spokesperson, Ministry of External Affairs, too tweeted about it saying: "A leader writes about another. President Barack Obama writes about PM Modi."
Modi stormed to power in May 2014 after leading BJP to majority in the General Elections with 282 seats on its own.
The BJP-led NDA won 335 seats in the Lok Sabha.
Modi had led the campaign from the front launching a blistering attack on ten years of Congress-led UPA government rule.
The Congress managed to win only 44 seats in the Lower House, ending with worst ever figures in General Elections.
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