THE HIMALAYAN TALK: INDIAN GOVERNMENT FOOD SECURITY PROGRAM RISKIER

http://youtu.be/NrcmNEjaN8c The government of India has announced food security program ahead of elections in 2014. We discussed the issue with Palash Biswas in Kolkata today. http://youtu.be/NrcmNEjaN8c Ahead of Elections, India's Cabinet Approves Food Security Program ______________________________________________________ By JIM YARDLEY http://india.blogs.nytimes.com/2013/07/04/indias-cabinet-passes-food-security-law/

THE HIMALAYAN TALK: PALASH BISWAS CRITICAL OF BAMCEF LEADERSHIP

[Palash Biswas, one of the BAMCEF leaders and editors for Indian Express spoke to us from Kolkata today and criticized BAMCEF leadership in New Delhi, which according to him, is messing up with Nepalese indigenous peoples also. He also flayed MP Jay Narayan Prasad Nishad, who recently offered a Puja in his New Delhi home for Narendra Modi's victory in 2014.]

THE HIMALAYAN DISASTER: TRANSNATIONAL DISASTER MANAGEMENT MECHANISM A MUST

We talked with Palash Biswas, an editor for Indian Express in Kolkata today also. He urged that there must a transnational disaster management mechanism to avert such scale disaster in the Himalayas. http://youtu.be/7IzWUpRECJM

THE HIMALAYAN TALK: PALASH BISWAS LASHES OUT KATHMANDU INT'L 'MULVASI' CONFERENCE

अहिले भर्खर कोलकता भारतमा हामीले पलाश विश्वाससंग काठमाडौँमा आज भै रहेको अन्तर्राष्ट्रिय मूलवासी सम्मेलनको बारेमा कुराकानी गर्यौ । उहाले भन्नु भयो सो सम्मेलन 'नेपालको आदिवासी जनजातिहरुको आन्दोलनलाई कम्जोर बनाउने षडयन्त्र हो।' http://youtu.be/j8GXlmSBbbk

THE HIMALAYAN TALK: PALASH BISWAS LASHES OUT KATHMANDU INT'L 'MULVASI' CONFERENCE

अहिले भर्खर कोलकता भारतमा हामीले पलाश विश्वाससंग काठमाडौँमा आज भै रहेको अन्तर्राष्ट्रिय मूलवासी सम्मेलनको बारेमा कुराकानी गर्यौ । उहाले भन्नु भयो सो सम्मेलन 'नेपालको आदिवासी जनजातिहरुको आन्दोलनलाई कम्जोर बनाउने षडयन्त्र हो।' http://youtu.be/j8GXlmSBbbk

THE HIMALAYAN TALK: PALASH BISWAS BLASTS INDIANS THAT CLAIM BUDDHA WAS BORN IN INDIA

THE HIMALAYAN VOICE: PALASH BISWAS DISCUSSES RAM MANDIR

Published on 10 Apr 2013 Palash Biswas spoke to us from Kolkota and shared his views on Visho Hindu Parashid's programme from tomorrow ( April 11, 2013) to build Ram Mandir in disputed Ayodhya. http://www.youtube.com/watch?v=77cZuBunAGk

THE HIMALAYAN TALK: PALSH BISWAS FLAYS SOUTH ASIAN GOVERNM

Palash Biswas, lashed out those 1% people in the government in New Delhi for failure of delivery and creating hosts of problems everywhere in South Asia. http://youtu.be/lD2_V7CB2Is

Palash Biswas on BAMCEF UNIFICATION!

THE HIMALAYAN TALK: PALASH BISWAS ON NEPALI SENTIMENT, GORKHALAND, KUMAON AND GARHWAL ETC.and BAMCEF UNIFICATION! Published on Mar 19, 2013 The Himalayan Voice Cambridge, Massachusetts United States of America

BAMCEF UNIFICATION CONFERENCE 7

Published on 10 Mar 2013 ALL INDIA BAMCEF UNIFICATION CONFERENCE HELD AT Dr.B. R. AMBEDKAR BHAVAN,DADAR,MUMBAI ON 2ND AND 3RD MARCH 2013. Mr.PALASH BISWAS (JOURNALIST -KOLKATA) DELIVERING HER SPEECH. http://www.youtube.com/watch?v=oLL-n6MrcoM http://youtu.be/oLL-n6MrcoM

Imminent Massive earthquake in the Himalayas

THE HIMALAYAN TALK: PALASH BISWAS CRITICIZES GOVT FOR WORLD`S BIGGEST BLACK OUT

THE HIMALAYAN TALK: PALASH BISWAS CRITICIZES GOVT FOR WORLD`S BIGGEST BLACK OUT

THE HIMALAYAN TALK: PALASH BISWAS TALKS AGAINST CASTEIST HEGEMONY IN SOUTH ASIA

Palash Biswas on Citizenship Amendment Act

Mr. PALASH BISWAS DELIVERING SPEECH AT BAMCEF PROGRAM AT NAGPUR ON 17 & 18 SEPTEMBER 2003 Sub:- CITIZENSHIP AMENDMENT ACT 2003 http://youtu.be/zGDfsLzxTXo

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Tuesday, November 22, 2011

Rupee, stocks tumble

http://www.telegraphindia.com/1111122/jsp/business/story_14782642.jsp
Rupee, stocks tumble

Mumbai, Nov. 21: A mix of US debt, the Eurozone crisis and a depreciating rupee today dragged the Sensex down by 425 points to below 16000 at 15946.10.

The Indian currency crashed a nerve-wracking 81 paise against the dollar to 52.16, the lowest since March 2009. At the end of trade, the rupee was perilously close to its all-time intra-day low of 52.18.

Investors are morose as the problems in the Eurozone show no signs of receding. Ratings agency Moody's today issued a warning on the credit rating of France.

Negative signs also came from the US. A "Super Committee'' had not yet reached a solution on deficits; it is feared that if an acceptable decision was not reached, it might impact the US ratings.

Both Asian and European markets opened in the negative territory and closed in the red. In Asia, markets in China, Hong Kong, Japan, Singapore and South Korea lost up to 2.64 per cent.

Key indices in France, Germany and Britain slipped between 2 per cent and 2.6 per cent.

If these were not enough, there were other worries for the investor back here in India as the rupee continued to lose ground against the dollar.

"A depreciating rupee is not good news for the FIIs. It not only affects fresh flows but could also lead to outflows,'' an analyst said.

He said a policy paralysis at the Centre, weak corporate earnings, high inflation and interest rates had led to investors staying away.

The Sensex opened weak at 16297.03 and was under pressure throughout the trading session. It breached the 16000-mark in late noon trade and settled at 15946.10, down 425.41 points or 2.60 per cent — the lowest close since October 5.

The 50-share Nifty of the NSE settled below the 4800-mark for the first time in a month to 4778.35, down 127.45 points, or 2.60 per cent.

All the 13 sectoral indices closed in the red - down between 3.46 per cent and 0.82 per cent - with metals, banking, realty, power, auto and refinery stocks taking the biggest hit. Besides, 28 of the 30 Sensex stocks lost ground.

Though analysts are of the view that equities may remain under pressure as the present developments do not incentivise buying, there are experts who disagree.

Speaking to The Telegraph, Phani Sekhar, fund manager at Angel Broking, said the outlook from here on looked positive as current fundamentals could not justify more downside.

However, Sekhar was quick to point out that this was subject to global accidents or unforeseen incidents not happening. The Sensex between 15500-16000 is a "good value zone'' and that serious investors must roll up their sleeves and start investing, he said.

Currency route

The rupee came under intense pressure, pinned by the falling euro against the dollar and the share tumble that leads to lower dollar inflows.

Besides, there was a huge demand for the greenback from importers, particularly oil companies.

This mismatch between demand and supply of dollars saw the rupee opening weak at 51.44 and breaching the 52 mark.

Forex circles added that the rupee was also adversely affected by a comment from an official in the ministry of finance that the Reserve Bank of India had a "limited" ability to arrest the currency's fall.

Meanwhile, the central bank is believed to have intervened in the markets by selling dollars.

However, its intervention was not meaningful enough to halt the slide. The Indian unit finally closed at 52.16, a steep fall of 1.58 per cent. In straight six sessions, it has tumbled 203 paise, or 4.05 per cent.

While some analysts are blaming the central bank for not intervening when the currency has been sliding, there are experts who aver that the fundamentals are not in favour of the rupee given the huge trade deficit.

There is now an expectation that the RBI should reduce the pressure on the rupee by selling dollars directly to oil companies. The RBI, however, is yet to respond to this suggestion.

"The rupee may find support at the key level of 52.18. However, a clear close below 52.18 could take the currency up to 54,'' Mohan Shenoi, head of treasury at Kotak Mahindra Bank, told The Telegraph.

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