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29 December 2023

Newly Built Ayodhya International Airport Renamed After Maharishi Valmiki

 The government has decided to rename the recently built airport in Ayodhya. It will be renamed 'Maharishi Valmiki International Airport' after the author of the Hindu epic 'Ramayana'.


Ayodhya International Airport Renamed After Maharishi Valmiki
Ayodhya International Airport Renamed After Maharishi Valmiki  [Credit-YouTube]

The government had earlier decided that the airport would be called the 'Maryada Purshottam Shri Ram Ayodhya International Airport'. 


Janakpur Indispensable From Ayodhya Like Sister City ; Nepal Ambassador


Newly Built Airport to be Inaugurated by PM:


Prime Minister Shri Narendra Modi will inaugurate the newly-constructed Maharishi Valmiki International Ayodhya Airport on Saturday 30 December 2023. After the inauguration of the airport, three weeks later, the consercation ceremony of Ram Mandir will take place.

Two indigenous airlines, IndiGo and Air India Express will operate the first flights from Ayodhya airport on Saturday. These airlines have shared their schedules to be available from Delhi, Mumbai, and Ahmedabad to Ayodhya starting in January 2024.


Newly Built Airport to be Inaugurated by PM
Newly Built Airport to be Inaugurated by PM [Credit-YouTube]

According to the Airport construction authority, the first phase of the airport's development cost over $174 million. It will serve approximately one million passengers per year. The airport's terminal will have an area of 6500 square meters.

According to the sources, the second phase of airport development will include the construction of a new terminal. The new terminal building will have a 50,000 square meter area to handle 3,000 passengers during peak hours and 6 million passengers annually.


1858 Nihangs' Descendent To Serve Langar On Ram Temple Inauguration


Ayodhya Airport Depicts the Life of Lord Ram:


Airport Authority said the terminal's facade building depicts the architecture of Ayodhya's Ram Mandir. The interiors of the terminal building are bejeweled with local art pieces, paintings, and murals showcasing the life of Lord Ram.

The airport terminal also consists of various sustainability features. These include an insulated roofing system, LED lighting, rainwater harvesting, landscaping with fountains, and a water treatment plant.


Ayodhya Airport Depicts the Life of Lord Ram
Ayodhya Airport Depicts the Life of Lord Ram [Credit-PuneNow]

The architect of Ayodhya Airport is designed by Vipul Varshney. He created the aerodrome structure from the inspiration of Lord Ram's life. Mr. Varshney used the Nagara architectural style to build the airport. Nagara's Architectural style is quite famous in the northern or western regions of the country.

It has seven mountain peaks or 'shikaras' as per the Kanda Ramayan version. The India railways have also changed the Ayodhya railway station from 'Ayodhya Junction' to 'Ayodhya Dham Junction'.



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24 December 2023

Janakpur Indispensable From Ayodhya Like Sister City; Nepal Ambassador

Nepal is buoyed by the tourism prospects after the inauguration of the grand Ram Temple in Ayodhya after a month. Nepal's Janakpur is believed to be the birthplace of Lord Ram's consort Sita. 


Janakpur Indispensable From Ayodhya Like Sister City
Janakpur Indispensable From Ayodhya Like Sister City [Credit-The Times of India]

According to Nepal's Ambassador to India Shankar Prasad Sharma, we are hoping pilgrims from across the world, who visit Ram's birthplace, will also visit Sita's birthplace.


1858 Nihangs' Descendent To Serve Langar On Ram Temple Inauguration


Sister City Relationship Between Janakpur and Ayodhya:


Nepal's Ambassador said that both countries are working to establish a 'sister city relationship' between Janakpur and Ayodhya. He has been pitching Janakpur as an indispensable part of the Ramayan circuit ahead of the grand inauguration temple opening ceremony.

Mr. Sharma highlighted the Indian government plan in 2014, the Ramayan circuit retraces the life of Lord Ram and includes major pilgrim sites related to the Ramayan, along with Janakpur in Nepal.


Sister City Relationship Between Janakpur and Ayodhya
Sister City Relationship Between Janakpur and Ayodhya [Credit-X]


He was speaking in a seminar organized by the Incredible Chamber of India in coordination with the Nepal Embassy last week on the Ramayan Circuit. He said to the Indian Express,

"After the Ram temple inauguration, the number of devotees will be more than doubled. Ayodhya is becoming more prominent............., so is Janakpur."

There is great road and rail connectivity from India to Nepal. They are developing further even within Nepal too.


Historic Puja Celebrations at Sharda Peeth Temple in Kashmir Valley


Janakpur Indispensable From Ayodhya:


Janakpur earlier known as 'Mithila' is the birthplace of  Lord Ram consort Sita. Janaki Mandir, the birth site of Sita Mata, embodies the cultural heritage of Nepal. The cultural and religious pilgrim has become one of the major components for strengthening ties between India and Nepal.

With India and Nepal working jointly on the Ramayan circuit, Janakpur is a vital part. It will add to and aid tourism development in both countries. There are people in Thailand and Indonesia who also know about Ram and Sita. These places will interest them.


India-Nepal Shares Cultural and Religious Bondage:


Other than Janakpur and Ayodhya's sister city relationship, Nepal also has a Balmiki Ashram, like one in India. Sharma said Nepalese believe it is the original religious retreat where Sita spent several months.


India-Nepal Shares Cultural and Religious Bondage
India-Nepal Shares Cultural and Religious Bondage [Credit-OneIndia]

This shows how so many people in Nepal love the Ramayan philosophy and ideals of Lord Ram. Nepal has also focused on supporting, developing, and promoting the Ramayan circuit in Nepal as well as in India.

According to the Ministry of Tourism, there are 15 thematic circuits from the Ramayan circuit and Buddhist circuit. These are the only two transnational circuits that include Nepal.

Janakpur Mayor Manoj Sah shared his thoughts during the event and said during his visit to Janakpur in 2018. PM Modi had announced a Rs 100 crore grant to develop the area. The project is in process and will be completed soon. During the Nepal PM visit earlier this year, PM Modi said that the Ramayan circuit was a 'connection between both countries'.



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22 December 2023

Watershed Moment, Three Bills Passed To Replace 'Colonial-Era Criminal' Laws

Indian Parliament has created history on 21 December 2023 by passing three bills. These passed bills will replace the 'colonial-era criminal' laws. Prime Minister Narender Modi said a 'watershed moment' after bills passed by the parliament.


Indian Parliament has passed bills to replace the 'colonial-era criminal' laws
Indian Parliament has passed bills to replace the 'colonial-era criminal' laws. [Credit-Bar and Bench]

Prime Minister on Thursday hailed the passage of three criminal justice bills. He said these bills will replace as many colonial-era acts as a watershed moment in India's history and has marked the beginning of a new era with laws centered on public service and welfare.


Prime Minister Described Watershed Moment After Parliament Nod:


Prime Minister Narender Modi said it is a watershed moment in the history of India and new laws are focused on welfare and public service. He said through them, we have bid goodbye to the outdated sections on sedition.


Prime Minister tweets on X

Indian Parliament on Thursday gave its nod to the Bharatiya Nyaya Sanhita 2023, Bharatiya Nagarik Suraksha Sanhita 2023, and Bharatiya Sakshya Adhiniyam 2023. 

These newly passed bills will replace the colonial-era criminal laws these are the Indian Penal Code-1860, the Code of Criminal Procedure-1898, and the Indian Evidence Act of 1872, respectively.


Nari Shakti Vandana Adhiniyam Is The 128th Constitution Amendment Act


End of Colonial-Era Criminal Laws By New Bills:


Prime Minister Modi further added that these transformative bills are a testament to India's commitment to reform. These bills bring our legal, policing, and investigative systems into the modern era, focusing on technology and forensic science.

These bills will ensure enhanced protection for the poor, marginalized, and vulnerable sections of society and will come down heavily on organized crime, terrorism, and such offenses which strike at the root of the country's peaceful journey to progress.

Prime Minister highlighted the Home Minister's speech and said in our 'Amrit Kaal' that these reforms will redefine our legal framework to be more relevant and empathy-driven. Amit Shah elaborated on the key features of these bills and said the soul, body, and idea of new criminal laws are purely Bharatiya.


Amit Shah elaborated on the key features of these bills
Amit Shah elaborated on the key features of these bills [Credit-Hindustan Times]

Rajya Sabha and Lok Sabha have adjourned sine die [indefinitely] after it passed three bills. Both houses also cleared the Telecommunications Bill 2023 which aims to reform the country's century-old telecom law. 

The new Telecom law makes the sector investor-friendly, prioritizes user protection but also extends powers to the government to intercept communications in required cases. The Winter session of Parliament began on December 4 and is scheduled to conclude on December 22.



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19 December 2023

India Again Topped The List Of Recipients Of Remittances Globally

India has again topped the list of recipients of remittances globally in 2023. According to the World Bank's latest Migration and Development Brief with an anticipated surge of over 11 percent, India received $125 billion.


India Again Topped The List Of Recipients Of Remittances Globally
India Again Topped The List Of Recipients Of Remittances Globally [Credit-The Times of India]

This growth solidifies India's position. It takes ahead of countries like China and Mexico. The report by Moneycontrol underscored the importance of remittances to the Indian economy. It is helping in offsetting the impact of declining foreign direct investment and higher trade deficits.


World Bank Listed India Again on Top:


According to the World Bank's Migration and Development Report 2023, India has received more than double China's remittances globally. China received $50 billion with a third position. Mexico listed 2nd with a $67 billion.

The World Bank highlighted a global growth of approximately 3.8 % in remittances in 2023, a total of $669 billion. The resilient labor markets like advanced economies and Gulf Cooperation Council [GCC] countries contribute the maximum to send money back home.

However, the World Bank expressed concern about the decline in real income for migrants in 2024 due to the backdrop of global inflation and low growth prospects.

This year, India's remittances would be double that of China. In 2022 too, Indian remittances [$111 Billion] were more than double China's $51 billion.


World Bank Listed India Again on Top
World Bank Listed India Again on Top [Credit-Prepp]

Data from the World Bank shows that in 2023, Mexico will emerge as the second after India with an inflow of $67 billion. China will follow with $50 billion, the Philippines with $40 billion, and Egypt with $24 billion. Egypt has replaced the Pakistan from its 5th position.


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India's Enhanced Steps To Attract More Remittances:


According to economic analysts, remittances can play a critical role in improving a country's ability to repay debt. They may even serve as collateral to lower the costs of international borrowing for national banks in developing economies.

The 'digitalization' process, especially through UPI payments, in India has facilitated higher remittance inflows into India according to reports. The report stated,

"Mobile phones and digitalization have revolutionized India's fintech ecosystem,...........positive spillovers for Indian migrants...........remit funds to India."

The report further added the government's initiatives such as the launch of Unified Payments Interface [UPI-PayNow] linkage for cross-border remittances between India and Singapore in February 2023.

It is being extended to other countries to reduce transaction costs and facilitate higher remittance flows. India's remittances are expected to touch $135 billion in 2024 because of unemployment rates edging up marginally in the US and the UK.


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Remittance Growth in South Asia and Other Regions:


In terms of regional remittance growth, Latin America and the Caribbean saw the highest growth of remittances at 8% followed by South Asia with 7.2%.

According to the World Bank's report, remittance flows to South Asia were estimated to reach $189 billion this year and its growth is attributable entirely to remittance flows to India.


Remittance Growth in South Asia and Other Regions
Remittance Growth in South Asia and Other Regions [Credit-The Hindu]

The report further said this regional average growth was the outcome of high growth in one-half of the South Asian nations like India, Bangladesh, Nepal, and Sri Lanka and declines in the other half countries Afghanistan, Bhutan, Maldives, and Pakistan.

As of September 2023 data, non-resident Indians deposited an amount of %143 billion, an increase of over $10 billion year-on-year. Many countries like India have set up saving programs to attract foreign currency deposits from their non-resident citizens. 

These sets usually come with incentives like being repatriable, yielding higher interest rates, and tax exemptions. This comes despite a slew of new migration measures from Western countries, like the UK's restrictions on overseas workers, and Australia's new rules for additional security.



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18 December 2023

1858 Nihangs' Descendent To Serve Langar On Ram Temple Inauguration

The descendent of Nihang Jathebandi, who entered the Babri Mosque in 1858, will offer langar seva on 22 January at the inauguration of the Shri Ram Temple in Ayodhya. On 30 November 1858, 25 Nihang Singhs under the leadership of Nihang Baba Fakir Singh Khalsa, had entered the Babri Masjid.


1858 Nihangs' Descendent To Serve Langar On Ram Temple Inauguration
1858 Nihangs' Descendent To Serve Langar On Ram Temple Inauguration  [Credit-The Indian Express]

They had performed havan in it besides written 'Ram-Ram' on the masjid walls and hoisted the saffron flag. This incident led to a case that was registered against the 25 Nihang Singhs then in charge of Awadh police station after the complaint of the Muezzin [Masjid's officer]. 


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The Importance of the 1858 Nihanghs' Case in Ram Temple Jurisdiction:


This case garnered attention on November 9, 2019, when the Supreme Court of India gave its verdict in favor of the Ram Lala Temple. There were many evidences produced and one of them was this which led to the judgment in favor of Ram Lala Temple.

The information of offering langar seva on 22 January during the inauguration of Shri Ram Temple is shared by Jathedar Baba Harjit Singh Rasulpur. Baba Harjit Singh is the eighth descendant of the family of Nihang Baba Fakir Singh Khalsa Ji.

The SC ruling cited the report by Sheetal Dubey, the Thanedar of Oudh, in November 1858. As per the case report,

"Today Mr. Nihang Singh Fakir Khalsa, a resident of Punjab, organized Hawan and Puja of Guru Gobind Singh and erected a symbol of Sri Bhagwan, with....... the premises of the Masjid. At the time.........symbol, 25 Sikhs were posted there for security. [Sic]"

 

Khalsa Nihangs' role in Ayodhya Ram Temple
Khalsa Nihangs' role in Ayodhya Ram Temple [Credit-Zee News]


The report further stated that he [Thanedar] had taken a 'summons' to the said Fakir and had 'admonished' him. Despite that, they continued to insist that 'every place belonged to Nirankar.'


Tamil Icon Thiruvalluvar's Statue Unveiled in France


The Descendent Would Carry Forward Their Ancestor's Devotion:


The 8th generation, disciples of Jathedar Nihang Fakir Singh Khalsa, Baba Harjit Singh Rasulpur said he would be carrying forward his ancestor's devotion towards Lord Ram by holding a langar in Ayodhya. 

As per Baba Harjit Singh Khalsa Rasulpur Ji,

" Now when the Prana Prathishtha [Consercation] of Lord Ram is..........on January 22, 2024, how can I lag behind."

Baba Harjit Singh added that he along with Nihang Singhs will organize a langar seva in Ayodhya on January 22 and will serve devotees coming from all over the country and abroad.

Baba said he has no affiliation with any political party and is only a bearer of eternal traditions. I would face criticism while maintaining harmony between Nihangs and Sanatan Dharma because on the one hand, I am an Amritdhari Sikh but on the other hand, I wear rudrakhsa mala around my neck. 


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11 December 2023

Tamil Culture Icon Thiruvalluvar's Statue Unveiled in France

Tamil icon Thiruvalluvar's statue was unveiled in the French town of Cergy on Sunday in a major cultural and historical relation. Thiruvalluvar is considered a cultural icon by the Tamils. The statue was gifted by the Tamil Cultural Association of France. 


Tamil Icon Thiruvalluvar's Statue Unveiled in France
Tamil Icon Thiruvalluvar's Statue Unveiled in France [Credit-Times Now]

Indian External Affairs Minister S. Jaishankar said the inauguration of the Thiruvalluvar statue implements an assurance given by Prime Minister Narendra Modi during his visit to Paris for the Bastille Day Ceremony in July.


Historic Puja Celebrations at Sharda Peeth Temple in Kashmir Valley


Inauguration of Thiruvalluvar Statue in Cergy:


External Affairs Minister said the 'Statue' will be a guide to follow Thiruvalluvar's noble thoughts. It is yet another symbol of our long-standing cultural links, a key pillar in Indo-French relations.

India's envoy to France Jawed Ashraf also wrote on X about the inauguration of the Statue in Cergy town. He wrote, 

"Fulfilling an assurance given by PM........ Inaugurated Thiruvalluvar statue in Cergy near Paris, gifted ......Tamil Cultural Association France, with Mayor @ Jp_ jean don, Minister K Laxminarayan from Puducherry,..... Governor of Eastern Province of Sri Lanka."


About The Tamil Icon Thiruvalluvar:


Thiruvalluvar is popularly known as 'Valluvar'. He is a revered Indian poet and philosopher. He is renowned for his notable contributions to literature. Tirukkural is his most celebrated work that comprises couplets covering a wide array of life.


PM Shared Thiruvalluvar Statue
PM Shared Thiruvalluvar Statue [Credit-PM India]

These couplets cover many subjects like ethics, politics, economics, and love. His work is considered a masterpiece and regarded as high high-value and revered exceptional piece of Tamil literature. His couplets hold profound significance in the cultural and intellectual heritage of India.

Thiruvalluvar has reasonable as well as revolutionary ideas. However, most of his work has a reasonable tone. He has dismissed the cast system in his writing. Thiruvalluvar said, " One is not great because of one's birth in a noble family or one is not low because of one's low birth."

The great poet maintained that goodness is its reward and should not be regarded as a mere means to a comfortable afterlife.



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08 December 2023

Taliban Minister's Radical View Than Traditionally For Women Education

In a rare disagreement with the present Taliban regime in Afghanistan about women's education, Taliban-appointed deputy foreign minister Sher Mohammad Abbas Stanikzai criticized their government. He said the lack of access to education for women is the main reason for Afghanistan's people distancing themselves.


Taliban Minister's Radical View Than Traditionally For Women Education
Taliban Minister's Radical View Than Traditionally For Women Education [Credit-The Guardian]

Stanekzai further added that this is the main reason why the neighboring countries and foreign nations have also distanced themselves from the issues Afghans are facing.


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A Rare Disagreement Among Taliban Ministers About Women's Education:


This is the rare occasion when a Taliban minister spoke so openly in favor of women's education. According to ToloNews, Mr. Stanikzai said,

"This is everyone's right. This is the natural right which Allah........., how can someone take this right from them? If anyone violates this right, this is an oppression against........this country."

The Taliban-led government has banned women from pursuing higher education in Afghanistan after taking over the power. The Taliban government has limited schools to girls until sixth grade.


Women's Education Under Taliban Rule
Women's Education Under Taliban Rule [Credit-The Guardian]

Afghanistan is reeling under a severe economic crisis because of the sanctions imposed on the nation due to Taliban leaders not following the obligations they were urged to after taking control over Kabul.


Different Opinions of Taliban Ministers on Education Standards:


As per the TOLONews report, speaking at a graduation ceremony, Stanekzai stressed the importance of reopening schools for girls beyond sixth grade. He said a society without knowledge is dark.

He emphasized that the Government should try to open the doors of educational institutions for everyone. Today, our only problem with our neighbors and the world is caused by the issue of education.

The ceremony during which these comments were made was held by the Taliban's borders and tribal affairs ministry. The ceremony was to mark the graduation of students who have studied in educational entities under the ministry.


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Taliban Border and Tribal Minister Noorullah Noori said youth living in far areas who did not have access to education, were enrolled in schools. He stressed that there is no distance between religion and modern education.


Taliban Government Appointed-Ministers
Taliban Government Appointed-Ministers [Credit-Kashmir Reader]

He stated that the issue of distance is not true. There is no distance and education is being taught under Islamic Emirate's rule. He said I can tell you that there has been no such system before.

Another Taliban minister also urged the government and religious scholars to pay serious attention to raising the quality of education. Taliban-appointed education minister, Habibullah Agha, recently criticised their government for the poor quality of education in the country's religious schools.



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07 December 2023

Four Indians in Forbes' 100 Most Powerful Women List

Indians once again gained pride worldwide. This time the women section, four Indians in the Forbes 100 Most Powerful Women list, make India proud. These women have shattered the traditional barriers and become an inspiration for others.


Four Indians in Forbes' 100 Most Powerful Women List
Four Indians in Forbes' 100 Most Powerful Women List [Credit-Youtube]


Forbes, a well-known magazine, uses four metrics to determine the rank of women. These metrics are money, media, impact, and spheres of influence. These Indian women stand as the powerful symbol of leadership and resilience in the global arena.


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Indian Women Among 100 Most Powerful Women List:


These Indian women's personalities are from different professional sectors. These are from leadership, business, technology, and engineering. They have proved their excellence in their respective sectors and heading them.


Nirmala Sitharaman:


Indian Finance Minister, Nirmala Sitharaman, is ranked 32nd among the 100 women. She is 64 years old and one of the senior members of the Bhartiya Janata Party. She has also been in charge of the Minister of Corporate Affairs since 2019.

Nirmala Sitharaman served as the 28th Defence Minister of India from 2017 to 2019. She is the second female defense minister after India Gandhi. It is not the first time Nirmala is on the Forbes list. She was in the 36th position in 2022. 


Roshini Nadar Malhotra:


Roshini Nadar Malhotra is a 42-year-old billionaire and philanthropist Indian. She is ranked 60th position on the Forbes 2023 Most Powerful Women list. She is the first woman to lead a listed IT company in India and is listed for creating history.

Roshini N. Malhotra is the lonely child of Shiv Nadar the founder of HCL. According to IIFL Wealth Hurun India's Richest List of 2019, she is the richest woman in India. She has been consistent in Forbes's Most Powerful Women List since 2019.


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Soma Mondal:


Currently serving as the chairperson of the Steel Authority of India, Soma Mondal has ranked 70th position in the Forbes list. Soma Mondal created history by being the first woman to be in this role since 2021.

Soma Mondal, born and brought up in Bhubaneswar, has 35 years of experience in the metal industry. She founded NALCO and rose as the top official Director. She has also held the position of Chairperson of SCOPE apart from her corporate achievements.


Kiran Mazumdar Shaw:


The 70-year-old Kiran M Shaw is a prominent Indian billionaire entrepreneur. She is the founder of Biocon Limited and Biocon Biologics Limited in Banglore. She has received many accolades worldwide for her contribution to science and chemistry.

This year, she is ranked 76th position in Forbes' Most Powerful Women list. She was earlier positioned among the Top 50 Women in Business List in 2011 by the Financial Times.


Four Indians in Forbes List
Four Indians in Forbes List [Credit-Moneycontrol]

These proud Indian women represent the strength of the country at the international level. They are the inspiration for millions of women in the country and for others. Two of them created history by marking their name in the Forbes Most Powerful Women list 2023.


   

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25 November 2023

India Votes For Shifting Global Tax Reins From OECD In The UN

In a major move in the UN, India votes for shifting global tax reins from the OECD. India is among 125 countries that voted in favor of a resolution calling for a UN Tax Convention. It would change the global tax scenario.


UN Global Tax Resolution
UN Global Tax Resolution [Credit-Mylnd.Net]

According to tax experts in India as well as at the global level, It is a historic move in the sense of a more equitable tax system that will shift the reins of decision-making from the OECD.


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WhyIndia Favors Shifting Global Tax Reins From OECD:


The OECD governs the current tax system globally. It is a 38-member group mainly dominated by rich countries, like the US, UK, Netherlands, Switzerland, Japan, France, Germany, etc.

According to Parmod Kumar, former vice president at the income-tax appellate tribunal, the current taxation rules are generally biased towards capital-exporting countries and the OECD perspective and their commentaries.


The OECD Forum
The OECD Forum [Credit-Finacial Times]

The OECD Forum works on the 'Two Pillar Solution.' Pillar one deals with taxation in the digital economy, the granting of tax rights, and the allocation of profits of MNEs to customer-based countries. Pillar two prescribes an effective minimum tax rate globally.

The OECD has an Inclusive Forum to deal with a range of issues. It is not an inter-governmental body but works together in collaboration with non-OECD member countries.

However, many countries like India have concerns about the method of allocation of profits to source countries under Pillar One. According to experts, the UN Framework could help developing countries get a better say.


The UN Convention on Shifting Global Tax Reins From OECD:


The resolution was passed by the UN General Assembly in a ratio of 125:48 in New York on Wednesday. The OECD member countries voted against the resolution while India, other BRICS nations, Brazil, Russia, and China voted in favor. African nations have tabled the resolution.


The UN Resolution Tabled By African Nations
The UN Resolution Tabled By African Nations [Credit-Africa Tax Review]

The new UN resolution calls for the creation of an ad-hoc inter-governmental committee. There should be no more than 20 member states while taking into consideration gender and regional balance.

The OECD has an Inclusive Forum to deal with a range of issues. It is not an inter-governmental body but works together in collaboration with non-OECD member countries.

Under the new resolution, there is a two-step taxation formation procedure adopted. The first step is that within a year to reach an agreement on the terms of reference. The second step is to develop a UN Framework Convention on International Tax Co-operation.

A think tank, The Tax Justice Network, has welcomed the UN resolution. It assumed that the world would lose nearly $5 trillion to tax havens over the next decade if the new UN tax convention was not applied.


UN Convention For Global Tax Reins
UN Convention For Global Tax Reins [Credit-Transit magasin]

After the adoption of the new UN tax convention, the inherent bias of current taxation towards the OECD would become much less relevant and provide the way to a new path.


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In the new resolution, a wide range of issues, like aggressive tax avoidance and evasion, illicit financial flows, recovery of stolen assets, and even taxation of the digital economy could be included in the reference term.

According to tax experts, practically the new arrangement will achieve a fair share of taxes to the source jurisdictions. The source jurisdiction means the customers-based approach like India. It would indeed provide the developing world with a global consensus on fair and equitable international tax rules.



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22 November 2023

Cash Trapped Pakistan Imposes Exit Fee on Afghan Refugees

A shocking move by the Pakistani authorities, cash-trapped Pakistan now imposes an '$830 exit fee' on Afghan Refugees. The nation has come under fire for this move of imposing an exit fee.


Afghan Refugees pay Exit Fee
Afghan Refugees pay Exit Fee [Credit-The Guardian]

Afghan Refugees, who left their country in August 2021 from fear of Taliban's persecution, are waiting for the western nations human resetllement schemes. According to sources, each refugee is charged about $830.


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Pakistan's Exit Fee on Afghan Refugees is Shocking and Frustrating:


Western countries' diplomats and the United Nation have condemned the Pakistani move. They described it as "shocking and frustrating." A senior diplomat responded The Guardian question, "I know it is very tough economically for Pakistan but really, to try to make money off refugees is really unattractive." 

 

Western Diplomats and the UN slammed Pak government Move
Western Diplomats and the UN slammed Pak government's Move [Credit-VOA News]

The diplomat further added that the issue has also been raised by the two UN agencies, the UN refugee agency [UNHCR] and the international organization of migration [IOM].

The diplomat also mentioned that it has been raised in capitals and headquarters. I suspect everyone has passed the message and Afghan refugees concerns to their Pakistani counterparts.


Pakistan's Stand on Exit Fee for Afghan Refugees:


Pakistan had set the 1st November deadline for Afghan refugees to leave. After the expiration of the deadline, Pakistan began the mass deportation process of undocumented Afghans.

According to Pakistani authorities, thousands of Afghans with expired visas or incorrect documents have been living in the country since the Taliban took over  power in 2021. These refugees are waiting to restart their work in western countries because most of them are eligible on humanitarian grounds.


Afghan Refugees pay Exit Fee
Afghan Refugees pay Exit Fee [Credit-BNN Breaking]

According to reports, the UK government has planned to settle 20,000 Afghanis while the Biden-led government in the US has agreed to settle 25,000 Afghans.

As per the Pakistan rules, Afghan refugees can only pay the amount $830 via credit cards. The bitter truth is that maximum refugees do not have access to credit cards. Another diplomat said that we need to adopt the cooperative approach to help refugees.

Even Pakistani official flagged their concerns initially when they were told to charge $1000 but the amount was later reduced to $830. A diplomat added that if Pakistan wants to facilitate the process of settlement of refugees in the west then they should not make it more complicated.



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Harappan Should Rename Vedic-Saraswati Civilization; Director American Institute of Vedic Studies

In a big civilizational revelation, the Director of the American Institute of Vedic Studies said the Harappan should be renamed the Vedic-Sa...