Western academia and media has little difficulty in justifying military invasions of countries like Libya, Iraq, Afghanistan – but see moral issues with India’s annexation of Kashmir.
- You: Kashmir Martyrs Day being observed today (nation.com.pk)
- Protests in Kashmir Turn Violent (india.blogs.nytimes.com)
- Hurriyat leadership castigates Farooq Abdullah’s statement (sananews.net)
- Good roads, railways vital for J&K: Omar Abdullah (news.in.msn.com)
- No change in Pakistan’s Kashmir stance: FO (nation.com.pk)
- Kashmir desperate for the return of tourists after two decades of violence (guardian.co.uk)
- Kashmir No Longer World’s Most Dangerous Place as Tourism Climbs… (bloomberg.com)
What’s religion got to do with this?
The mechanics of divide et impera
Behind the man
British taxes on salt made common table salt into a high-expensive commodity; created shortages which killed millions.
PS – Alkesh – thanks for the link.
- Desi Nostalgia For British Raj (quicktake.wordpress.com)
- Karl Marx on the opium trade (quicktake.wordpress.com)
- How British Raj Ended Thugee in India (2ndlook.wordpress.com)
- ‘Opium financed British rule in India’ (quicktake.wordpress.com)
- His Majesty’s Opponent, By Sugata Bose (independent.co.uk)
- Satyagraha among top 10 influential protests: Time (hindu.com)
- British Raj: Expansion In India was Swift and Easy says British-American Historian (2ndlook.wordpress.com)
- Demonization: Method; Mechanics & the Madness (2ndlook.wordpress.com)
- Koenraad Elst: Singing Bhajans to British Gods to an Indian Audience or The Game Is Over (2ndlook.wordpress.com)
Country’s largest bank SBI has breached RBI’s credit exposure norms during three consecutive years with regard to its loans provided to Mukesh Ambani-led Reliance Industries Ltd (RIL).
This is the third straight year when SBI has exceeded the single-borrower ceiling with regard to RIL, as per the bank’s annual reports for the past three financial years.
However, the bank brought down its exposure to RIL within the limit on the last date of the previous fiscal, i.e March 31, 2011, according to the SBI annual report.
The public sector lender had provided credit in excess of prudential norms to RIL during 2009-10 and 2008-09 also.
During the year 2009-10, the bank’s credit exposure was in excess of prudential limits for Reliance Industries, Indian Oil Corp (IOC), BHEL and Tata Group.
As per RBI guidelines, the exposure ceiling limits are 15 per cent of capital funds in case of a single borrower. However, the credit exposure to a single borrower can go up to 20 per cent, if the additional 5 per cent exposure is on account of extension of credit to infrastructure projects. (via SBI breaches RBI norms on loans to Reliance – Times Of India).
Follow the leaders
Sense of priority
Points of view
- Indian banks: The pendulum swings again (economist.com)
Old boys club
Not quite. If not harmful, they are atleast pretty powerful.
In 1952, Eisenhower and Richard Nixon became the first CFR members to be elected President and Vice President of the USA.
Adlai Stevenson, the Democratic candidate beaten by Eisenhower and Nixon, was also a CFR member.
‘The Council was starting to dominate American politics at the highest levels,’ write Burnett and Games.
‘The pattern would be repeated four years later, with Stevenson again losing out to Eisenhower and Nixon.
‘Although Nixon was to narrowly lose the next election in 1960 against John F Kennedy, the charismatic Bostonian was another member of the CFR.
‘Nixon would return in 1968 to defeat fellow CFR member Hubert Humphrey, and win again in 1972 against George McGovern.
‘Although not a CFR member in 1972, McGovern saw the light and joined afterwards.’ (via Southern Times – Why Africa needs secret societies).
Red herrings – the challenge ahead
English language media at least, is dominated by a few news agencies like Reuters, Bloomberg, API, and AFP. These agencies in turn are fed by various think tanks and reserch organizations, which then dominate global debate. In the last few years, top 10 websites control 75% of the web traffic. Hollywood dominates the big screen.
For instance the highly flawed model of Transparency International promotes a narrative of corrupt Africa and Asia. To dominate the debate, censorship is not the only solution. It is not even a preferred solution.
More noise is equally effective.
Capture and exploit
After this kind of media capture, the West drives the narrative. And exploits this narrative. To get over the ‘problem’ of economic stagnation, the West has created artificial ‘crisis’ situations.
- Population Explosion
- Global Warming and climate change
- Civil Wars in Africa
- Islamic Demonization and the spectre of `Islamic terrorism
- Financial meltdowns
These are major diplomatic offensives using media, academia, events and situations, to
- Maintain superior negotiating positions
- Define the agenda – which usually means non-substantive issues.
But for an India to match the trade and tariff barriers, propaganda and diplomatic offensives, calls for more resources.
The manner of funding Indian NGOs by external sources, especially the West, is not benign anymore. More than 33 lakh NGOs operate in India, with foreign funding that is estimated at US$4 billion. This figure is double the official Government figure that is based on declared receipts, which reports say, are under-declared.
In times to come
Is the West aiming to capture these Indian ‘think-tanks’? The promotion of Western Climate Change agenda by Amartya Sen, under the auspices of the Aspen Institute India is indication of times to come.
Mechanics of माया maya?
- Kissinger on India-China War of 1962 (quicktake.wordpress.com)
- Was Nixon a Drug Warrior or a Reformer? (reason.com)
- Government complacent about level of UK corruption, claims campaign group (guardian.co.uk)
- Bad influences: JFK, Ike and Obama (salon.com)
- Libyan rebels “disappointed” by NATO airstrikes (salon.com)
- Will Jobs Numbers Sink Obama in 2012? (thedailybeast.com)
- Kissinger: China poses ‘big challenge’ for U.S. (cnn.com)