True Indian congress dirty communal politics’s Weblog

December 6, 2008

HINDU NATIONALISTS:INDIGENOUS RESILIENCE

 

HINDU NATIONALISTS:INDIGENOUS RESILIENCE

By Brannon Parker   
I am currently in Mumbai, India and have been here in India for the past three months. I am here doing research on the tribal cultures of India. I actually arrived in Mumbai about 4 hrs before the terror attacks took place. The mood is quite somber and the people are frustrated. Despite all that, the Indian people continue with their lives. I would compare it to the mood most Americans have when they hear about or see a horrific car accident. The fact is terror has been feasting on India for quite some time now. Approximately 70,000 Indians have died due to this onslaught of terror.

It is disheartening to see alternative news portals broadcasting the Main Stream Media’s vilification of the Hindu Nationalists. In sync with the Globalists agenda, they have latched onto the Hindus as the new whipping boys. It is also strange that despite India being hit by terror for decades, only now the suddenly concerned Westerners are paying attention. What is unfortunate is that these same people are bandying about theories of Indian involvement.

Maybe if this was the first and only attack people could such speculation would have merit. Out of ignorance of the reality in India they pass arround anti-Indian propaganda that suits their mistrust of media and understandable interest in knowing the truth. Just yesterday, Dec 2nd, another terror attack occurred in Assam, India. Now why didnt that get any play in the world media. Where are all the theorists on that attack?

Anti-Indian Propagnada is making the rounds claiming that Hindu Nationalists were involved in the Mumbai attacks.Please consider. If such people were an all powerful group capable of International terrorsim or even domestic terrorism why do the very same corporate media outlets attack them? The same corporate media that gave us Obama and Osama, the lies about 9/11, Iraq, Iran, Georgia etc spend a disproprotionate effort in demonizing the Hindu Nationalist groups. A majority of Indian media is owned by the very same corporates that control the Western media. Rupert Murdoch owns about 6 TV stations here. The Indian media is blatantly hostile to the RSS, BJP, VHP and all other Hindu Nationalist groups.

 It is because these Hindu Nationalists are dedicated to an India that is based on Indigenous traditions and the Indian way of life. Contrary to the media and Communists-Islamic-pseudo-secular propaganda machine’s claims these Hindus do not see themselves as a religious based group. They thus consider any Indian, regardless of their way of worship as Hindus. The fact is nearly all Indian Muslims and Christians have always been Indians. They merely changed their methods of worship and are thus considered as Muslim Hindus and Christian Hindus.

This is evident from the fact that Naqvi, the Chairman of the BJP, the Hindu Nationalist Party is a Muslim. During the Gujarat riots, that are used as proof that the BJP pursues a genocidal anti-Muslim idealogy, the BJP Prime Minister of India, Vajpayee appointed a Muslim, Dr. Kalam as the President of India. Time magazine responded by declaring Vajpayee as a drunkard, unfit to rule such an important nation like India. The testimony of prime witnesses used to blame Narendra Modi, the Chief Minister of Gujarat, for the riots, revealed that they were pressured and coerced by Teesta Setalvaad to lie in court. The case collapsed yet still the anti-traditionalists continue to point to these very claims that have been repudiated by the Muslim witnesses. When people depend on lies to make their case, one is wise to question their credibility. 

The Nanavati Commision, after years of investigation, has given a clean chit to the BJP administration.The only ‘proof’ used to discredit the BJP comes from its political enemies and the Pakistanis. If you want to accept that as proof go ahead. Yet if one believes it is unbiased they are only fooling themselves and throwing fairness and justice out the window. Another lie that is constantly bandied about is that the Sangh Parivar killed Gandhi. This is based on the fact that the assasin had been a member of the RSS 20 years earlier. He had also been a member of the Congress party yet none attempt to link the Congress party to the killing. In fact the RSS has repeatedly taken media outlets to court over these attempts at defamation and won every time. For those who discount this, being biased against the Indian judicial system, the UK courts also agreed that the RSS had nothing to do with the assasination of Gandhi. In fact the whole effort to tie the RSS to the crime is reminicent of the Cointelpro operations done against the American Indian Movement. AIM.

As far as Indian Muslims and Christains are concerned, they are considered just as much Indian as any Hindu. The Sangh Parivar’s Rashtriya Muslim Manch is proof of this. This group is a dedicated group of Muslim Indian Nationalists. They recognize they are Indians first above and beyond any other identity.  According to the Sangh leadership, the only authentic minority groups in India are the Parsis and Jews who migrated here from Iran and areas in West Asia .
Indian Nationalism 
Efforts to defame the Hindu Nationalists as anti-Muslim and anti-Christian have been proven as Pakistan ‘s ISI operation. In 2000 Christian churches were bombed throughout South India . The media went into a frenzy blaming the BJP and other Hindu Nationalist groups. The blasts were, in reality, masterminded by a Pakistan-based Deendar Anjuman group. The group had planned a series of attacks on churches in Bangalore , Hubli and Gulbarga . Some people, led by key person Ibrahim, were caught by the city police when the bomb, which they were carrying to plant in a church, exploded. As a result two people died and Ibrahim seriously injured. The accused believed that blasts at churches in India would trigger a civil war between Hindus and Christians. A religious leader from Afghanistan would invade and conquer India , which would be converted into an Islamic country. On November 30, 2008, 11 of these terrorists were given the death sentence.

 

The Hindu Nationalists are authentic Indian Patriots. They are demonized as racists and fascists merely based upon their Love of country and culture. Attempts are being made to blame Hindus for the Mumbai terror attacks. The ludicrous ‘proof’ of the attackers being Hindu is based on a photo of one terrorist. He is displaying a red string on his wrists. The Chinese Government media was the first to float this theory and Pakistan is spreading it. How difficult is it for the terrorists to intentionally wear and display such an identifying marker? In my opinion this is part of the campaign to demonize the Hindu Nationalists. The intention is quite clear. India ‘s enemies have Think tanks dedicated to this kind of psychological warfare.

Muslims Love the Koran and their Whiskey too 

As for the claims that the Mumbai Attackers drank beer at Leopold’s cafe, just before they began their massacre, the employess and owner who were there, stated the rumor to be a total fabrication. There are also claims that they rented rooms at the Nariman House and ordered liquor. These claims appear to be false as well. Yet the fact is when a Jihadist is on a mission, they are allowed to use any means, including acts considered haram (forbidden) to Muslims, such as drinking, lying and killing in the cause of Islam.  As for Muslims and drinking, a friend of mine, who happens to be from a well known Indian Muslim family frequently drank alchohol and partied hard. I actually first met him at a night club/hooka lounge. I asked him about his drinking and smoking. He said as long as his parents dont know about it, its no problem. He also said that he knows many people who worked in Saudi Arabia and in the Palaces of the Saudi princes. They all have bars installed in the cellars and they love hard liquors like Whiskey.
American Indians and Indians 
The Hindu Nationalists are very similar to American Indian traditionalists such as Tecumseh, Pontiac, and Sitting Bull etc. It is disappointing to see, that in the zeal to expose Israeli agencies like Mossad, people are gullibly accepting the propaganda of those dedicated to the destruction of India . As the Western and Corporate powers conquered the world they destroyed any and all Indigenous based power structures they encountered. India survived this onslaught due its vast population and vibrant culture. China was conquered and basically sterilized by the British agent Mao. India ‘s is currently reeling under the onslaught of these same Maoist forces in a silent war that has killed thousands. The Hindu Nationalists are the only people resisting the Maoist take over of the rural areas. Their success in this regard is a primary reason that they are being targeted.
Red Corridor of Terror 
At this moment a vast red corridor stretches across India . If the Hindu Nationalists win the upcoming 2009 elections, these forces will begin a massive campaign to destabilize the Nation. With the Western backed Maoist conquest of Nepal , the Maoist now have a dedicated supply line for support and tactical backup. During the Maoist insurrection, three members of the North Korean mission to Nepal were caught attempting to smuggle 100Kg of gold ingots into Nepal . This was the second such instance that the North Koreans were caught smuggling gold into Neal. (North Koreans are the agents of the London based Globalist Powers used in the same capacity of Pakistan in order to keep South Korea and Japan in check.)

The Indian Maoists have frequently been discovered with top of the line satellite communication gear and weaponry. For an alleged group of disgruntled farmers allegedly driven to violence by their economic desperation, it is quite strange that they have somehow amassed such expensive equipment.

Another smoking gun is the implicit silence of the alleged human rights groups and pseudo-secularists regarding the Maoist carnage and atrocities. These same people that repeatedly scream and holler about the great danger of Hindu extremists have never called attention to the Maoists. Why would they? They are Maoists and Marxists themselves. They represent the Overground voice for the Terrorist underground.
America Threatens India with China 
Pakistan invaded India 5 times, China invaded twice. Not once has India invaded a neighbor. The West’s refusal to support India as Pakistan and China attacked and terrorized India pushed India into the Soviet Russian sphere. In fact India ‘s entire nuclear program was developed as a result of former US President Nixon’s attempt to attack India during the 1971 Bangladesh war. US Documents exposed that the US President had secretly entreated China to menace India by moving Chinese troops to the Indian border. During the 1971 crisis Russia supported India forcing Nixon to back down. The quote below reveals this forgotten chapter of US-Indian relations.

“General Tewari was present at a briefing the three defense services held for Indira Gandhi. She was seated at a large table. On one side was General S H F J Manekshaw, the army chief, and on the other Admiral S M Nanda, the navy chief. During the course of the presentation, the admiral intervened and said: ‘Madam, the US 8th Fleet is sailing into the Bay of Bengal .’ Nothing happened; the briefing continued. After sometime, the admiral repeated, ‘Madam, I have to inform you that the 8th Fleet is sailing into the Bay of Bengal .’ She cut him off immediately: ‘Admiral, I heard you the first time, let us go on with the briefing.’ All the officers present were stunned. Ultimately, their morale was tremendously boosted by the prime minister’s attitude. She had demonstrated her utter contempt for the American bluff.

On November 10, Nixon instructed Kissinger to ask the Chinese to move some troops toward the Indian frontier. ‘Threaten to move forces or move them, Henry, that’s what they must do now.’ This was conveyed to Huang Hua , China ‘s envoy to the United Nations. Kissinger told Huang the US would be prepared for a military confrontation with the Soviet Union if the Soviet Union attacked China .” 1971 War: How the US tried to corner India by Claude Arpi
Pakistan Prepares it’s Nukes 
In 1999, Pakistan prepared its Nukes for an attack on India . It was Clinton who forced the Pakistanis to back down. This can be verified on the documentary “Countdown to Armageddon”. Pakistan was actually preparing to use its nuclear missiles. Avoiding a Nuclear Catastrophe: Arms Control after the 2002 India–Pakistan Crisis by Carranza M.E Some have also theorized that Kennedy had countermanded the British demands to let India fall to China during its 1962 invasion. However Kennedy sent weapons and assistance to India further angering the powers in London .

The tragedy is that those committed to truth have been infiltrated by those committed to conquest. Pakistan has been repeatedly defeated by India , despite having the benefit of surprise on its side. Its use of the tactic of ‘a thousand cuts’ is meant to bleed India . The grafting of its agenda and propaganda to forums and groups dedicated towards freedom in the West, has allowed it to gain sympathy from those who would normally despise such agents of oppression.
Israel-Pakistan:Saudi-British Creations 
The British created Pakistan for the sole purpose of suppressing India and its eventual growth as a major world power. It is also important to note that Saudi Arabia agreed to the creation of Israel in exchange for teh creation of Pakistan. At the time the main source of income for the Saudis was Muslim Haj pilgrims. India was its largest source of such pilgrims. Fearing its loss of revenue upon the freedom of India it negotiated the Saudis negotiated the creation of Israel with the British. A vast chunk of India (Pakistan) for a minute albiet crucial portion of West Asia (Israel).The American House of Saud: The Secret Petrodollar Connection: Steven Emerson
British Erase Indian History 
It erased the history of the Hindu Maratha Confederacy founded by Chatrapati Shivaji. These Marathas liberated India from Islamic rule and planted the Maratha Flag from Afghanistan in the NW to Orissa in the East and Kanya Kumari in the South. For nearly a century, the Marathas ruled most of India . They successfully defeated the Portuguese, the French, the Dutch and the British in repeated engagements. The Marathas, both Hindu and Muslim, accomplished one of the most successful indigenous military campaigns in history. Their targets were the foreign Moghuls and the European powers.

Modern Islamic scholars, British historians and Indian Leftists joined together to erase these facts from the history of India . Time magazine recently quoted a Muslim scholar as saying that the British cheated Islam when they did not give all of India to Islam upon their departure. He claimed it was taken from the Muslims by the British so it should have been returned to the Muslims in 1947. Either through ignorance or an intentional effort at disinformation, the Indian Muslims ignore history. A majority of Indian Territory was ceded to the British by the Marathas after they had succumbed to the political intrigues of the British ‘Divide and Rule Policies’ and had suffered massive defeats in the three major wars known as the Anglo-Maratha wars. The very simple and basic reality that Britain had signed treaties with the Marathas in order to gain control of most of India proves that, rather than the Muslims, it was the Marathas that were in control. The British would not waste time signing treaties with a power of no consequence.

 

The First Anglo-Maratha War (1775-1782) was the beginning of the end of the Maratha Empire. It ended with the Treaty of Salbai.

 

The Second Anglo-Maratha War (1803 – 1805) was the second conflict between the British East India Company and the Maratha Empire in India . On 12/17/1803, Raghuji Bhonsale (II) of Nagpur signed the Treaty of Deogaon with the British after the Battle of Laswari and gave up the province of Cuttack including Balasore.

 

The Third Anglo-Maratha War (1817-1818) was a final and decisive conflict between the British East India Company and the Maratha Empire in India , which left the Company in control of most of India . Defeat was swift, followed by the pensioning of the peshwa and the annexation of his territories, thus completing the supremacy of the British in India . The Muslim ruler Nizam’Ali Khan was a British ally in the second and third Maratha Wars (1803-05, 1817-19) The British were quick to succor a built-in and vengeful minority group in their conquest of India . This pattern continues with its use of Pakistan .

Sikh Liberation of Kashmir

The Sikhs, another Indigenous group, were also successful in freeing many parts of India from Foreign rule. These foreign administrations were led by Afghan, Turkish and the Moghuls (Indian for the Mongol descendants of Genghis Khan). Both the Marathas and the Sikhs represented Indic based communities and cultures. For them their holy land was India itself rather than far-off Mecca or Jerusalem . These Native groups had been successful in pushing back 600 years of foreign rule. We see the evidence of this by the fact that Kashmir was taken by the British from the Sikhs and then sold by them to the Dogras. The Afghans established their rule over the territory of Kashmir in 1752. In 1819 the Sikhs from the Punjab replaced the Afghans as the rulers of Kashmir . The British defeated the Sikhs in 1846 and forced them to relinquish control. However, instead of extending British colonial rule over Kashmir , the British sold the territory to a Kashmiri Dogra prince who they maintained as a vassal.
Verifiable History Denied 
These are verifiable historical facts. Unfortunately the establishment academia, specifically Leftists, Marxists, Muslims and others deny the history of India ‘s successful Indigenous Pre-British era freedom struggle. They are continuing the British policy of denigrating India ‘s sense of Nationhood. When Pakistan first invaded Kashmir in the Indo-Pakistani War of 1947, the Pakistanis were led by British Generals. British officers helped the Pakistanis plan the attack. British officers on the scene led the revolts of the Islamist factions of Kashmir forces, arresting and murdering Pro-Indian Kashmiri Dogra officers especially in the Gilgit region. They acted as a backbone for the mass of tribal militias and coordinated their attacks. The British have maintained these connections to this very day.
India’s Hindu:The Last Indigenous Power Base 
Today’s Hindu groups represent the very same Indic based Indigenous groups of the 1700s. They had reclaimed India for Indians. The British defeated them and usurped India and its wealth for the bankers of London . They soaked up the treasures of India from the banks of the Ganges and squeezed them out on the banks of the Thames . They have never given up their control of India and have merely adapted their methods of control. India ‘s Hindu Nationalists represent the greatest threat to their continued hegemony. Pakistan is fulfilling its role as the local Agent Provocateur on behalf of the Empire. By featuring Anti-Indian Pakistani propaganda supports these schemes.

 

It is a fact that there have been some contacts between Israel and some Hindu Nationalists. Just as in History some American Native groups allied with the French against the British and vice versa. However to lump them all into one great conspiracy is not credible. It would be the same as blaming Chief Pontiac for every act of the French.

 

Westerners have now become more cognizant of India and its place in the world. However it is important not to buy into the agit-prop of the forces dedicated to the destabilization of India . They are attempting to graft themselves unto the legitimate efforts of those dedicated to the exposure of the Globalists. The anti-Hindu agenda is an important aspect of the New World Order’s campaign. India represents one 6th of humanity. The Globalists are pushing for the final conquest of India . To succeed they must first destroy the world’s last remaining Indigenous power structure, the Indian Hindus.
IMF and the Globalists Attack on India and Pakistan
The most likely culprits behind the Mumbai massacre appear to be connected to the ongoing Globalist scheme to create a one world economy. The IMF is pushing for the creation of a common global regulator. India has been actively fighting against the IMF. It is also notable that on November 30th India ‘s Prime Minister took control of the Finance Ministry. India ‘s former Finance Minister Chidambaran was appointed to become Home Minister after the resignation of Shivraj Patil. By taking control of the Finance Ministry Prime Minister Manmohan Singh appears to have taken the IMF head on.

 

IMF Set to Ruin Pakistan

As for Pakistan and the IMF, The IMF loan of $7.6 billion might result in 3 million job cuts, rendering more people jobless and increasing poverty level of the country in the next 2 years. This was predicted by the RBS bank analyst in a discussion held on IMF loan. The discussion was titled ‘IMF: pain or panacea.” Caymanmama.com – Pakistan News

 

Think Global and Follow the Money

This allows for the development of accurate conclusions. Terrorists are the chaos troops for powerful vested interests. The basic foundation of terrorism began with the British development of the Pirates that attacked the superior Spanish fleets back in the 1600s. It allowed the Brits plausible deniability while they ruthlessly savaged the Spanish Armadas and robbed them of their gold. Secretly the Brits controlled the pirates and gained control of vast hordes of Spanish wealth. Of course the Spanish gold was looted from the Native Americans and mined by slaves. The British continued their proxy war by the use of pirates. Today’s Terrorists are the direct descendants of these same forces. The British powers that waged the Opium wars against China have never relinquished their power or control of the black market trade. Believe it or not most terror is still controlled by forces based in London .
Norway: The Terrorist Nation 
Norway is also involved in its support of the LTTE in Sri Lanka as revealed by Norwegians against Terrorismhttp://www.svik.org/nat.pdf (Frequently taken offline)

heres google’s html cache

http://72.14.235.132/search?q=cache:QTQR9AGj-j8J:www.svik.org/nat.pdf+http://www.svik.org/nat.pdf.&hl=en&ct=

clnk&cd=1&gl=in26The Norwegian Agency for Development Cooperation (Norad) is deeply involved in East Timor. In fact East Timor is the location of the longest lasting Norad-financed project coordinated by the Norwegian Petroleum Directorate. After East Timor’s Independance from Indonesia, which was granted after much ethnic strife, Norway successfully took control of a majority of East Timor’s oil production.
Slamming Wahhabi Islam upon the Islamic World 

 OPEC nations, particularly Saudi Arabia and its promotion of radical Wahhabi Islam are complicit partners as well. Thus after NATO ‘liberated’ Kosovo the Saudis poured millions of petro dollars into the region, destroyed the ancient Turkish mosques and rebuilt them into modern Wahhabi Mosques. So what do I have to say about terrorists? I say they are controlled at the highest levels. The recent efforts of Pakistani President Zardari to make peace with India are a serious threat to continued British machinations against Peace in South Asia . The Mumbai attacks are a direct attempt to instigate a massive war between India and Pakistan . India ‘s obstinate refusals to give up control of its financial institutions to a common global regulator and become indebted to the IMF are also a factor. Indian PM’s men resist IMF influence. India ‘s sound economy allows it to resist the IMF. The powers behind the IMF are the powers behind terror.

 

PM’s men resist IMF influence

Many of us have been opposing the growing influence of IMF here as they would soon begin to dictate terms on policy formulation,” a senior government official said.
16 Nov 2008, 0353 hrs IST, Shantanu Nandan Sharma, ET Bureau NEW DELHI: A section of key policy makers in India are strongly resisting attempts by the International Monetary Fund (IMF) to resume an active role

in the country as they believe Asia has always remained at the bottom of IMF’s priority list.

 

In a letter to Prime Minister Manmohan Singh, dated November 11, PM’s Economic Advisory Council (EAC) member Satish C Jha termed IMF’s response to the present crisis as “strange and worrisome” and accused the international body of indulging in “ethnocentric and geographical bias”.

 

“What we find strange and worrisome is that the IMF has once again relegated Asia to the bottom of the priority list in terms of assistance and has been far more focused on Eastern Europe and Russia . This is a repeat of 1997, when the IMF was late and reluctant to offer funds to Asia claiming that market forces should sort out the crisis. There is a certain degree of ethnocentric and geographical bias within the IMF, which is negative for Asia ,” he wrote. SundayET has a copy of Mr Jha’s letter to the PM. The IMF has influenced India ‘s approach to the crisis, according to officials in the finance ministry and the Prime Minister’s Office (PMO).

 

In fact, the appointment of former IMF chief economist Raghuram Rajan as honorary economic adviser to Prime Minister just two weeks before the G-20 meet is believed to be a well-designed approach before the meet. EAC member Mr Jha further argued that IMF-led approach won’t help much. “It has become apparent, as was witnessed in the Asian financial crisis of 1997 that Asia may once again be at the bottom of the list of assistance from the IMF in times of crisis. This must be halted,” he further added.

 

In fact, IMF has made attempts to have full-fledged operation in the country, according to Indian government officials. When contacted by Sunday ET, an IMF spokesperson from Washington said; “The IMF works closely with the Indian authorities through the annual Article IV review, as we do with other member countries. It is the member country, not the IMF, that decides whether additional advice or assistance by the Fund should be requested. We stand ready to respond to their needs.”

 

“Ultimately, it was included in the deal that India must have an IMF programme to draw 20% of the stipulated amount ($3 bn) for swapping. Many of us have been opposing the growing influence of IMF here as they would soon begin to dictate terms on policy formulation,” a senior government official said.

http://economictimes.indiatimes.com/News/Economy/

PMs_men_resist_IMF_influence/articleshow/3718373.cms

 

Strauss-Kahn smiles from afar Dominique Strauss-Kahn, managing director of the International Monetary Fund is a leading French Socialist. Recent Headline from Financial Times, UK – 27 Nov 2008

 

‘Standards global, regulation national’: FM

On Board Prime Minister’s Special Aircraft, November 14, 2008First Published: 09:29 IST(14/11/2008)

New global regulatory standards, prudential norms, greater surveillance mechanism and reform of the IMF are among the key points that the Indian contingent will raise on November 15 at the Summit on Financial Markets and the World Economy in Washington DC, Finance Minister P Chidambaram told reporters. Most important among these, in terms of having a widespread impact, will be the setting up of common regulatory and accounting standards across the globe or at least for G20 nations. “We must have convergence of accounting standards,” Chidambaram said. ‘Not taking an election-constricted view’: FM The politics of a process that will be put in place in the November 15 Summit will not be restricted by the soon-to-change leaderships in the US and India , said Finance Minister P. Chidambaram.”The resolution of this crisis will take us to a point of time well beyond January 20, 2009 (that’s when President-elect Barack Obama will take charge as President),” he said. “Likewise, it will take us to a point of time well beyond May 22, 2009 (when a new government takes charge in India ). So I don’t think we are going to take a election-constricted point of view.He pointed out that US President George Bush and Obama are reported to have talked about these issues are great lengths only two days ago. “I think Obama inputs will be there in whatever President Bush presents.”Briefing reporters on the impact of the crisis on India , Finance Minister P. Chidambaram repeated what is now getting to be a somewhat permanent government line: “We will be indirectly impacted. Our growth, our exports and currency flows will be affected. We can weather the crisis and still return a decent growth in 2008-09,” he added.”Even the IMF’s last week’s assessment places India ‘s growth rate in the current fiscal at 7.8 per cent.”

But he dismissed the idea of a common global regulator saying, “I don’t think regulation can be raised to a global regulator. That’s too ambitious, and perhaps not possible in today’s circumstances. Regulation must be national.”The need for global standards goes hand in hand with IMF reforms. “IMF,” Chidambaram said, “was unable to provide the early warning signals to the crisis.” That does not mean the creation of new multilateral agencies and financial institutions, informally being called Bretton Woods II, he added. “But surely IMF must begin to discuss within itself governance reforms.””We need to put in place a surveillance mechanism that would have identified the huge risks being taken by some financial entities,” Chidambaram said, adding that an “agreeable entity” is needed. “This is what we talked about in Sao Paulo and this is what we’ll talk about in the Summit .”Coming four days after finance ministers and central bank governors of G20 countries met in Sao Paulo and two days before the US President George Bush-initiated Summit, Prime Minister Manmohan Singh has the Indian agenda laid out.”I will put forward our views on the need for greater inclusivity in the international financial system, the need to ensure that growth prospects of developing countries do not suffer, and the need to avoid protectionist tendencies,” Singh said in a November 13 departure statement.”Today there are only a handful of economies that are driving global economic growth,” Chidambaram said. “These include China , India and few others. It is very important that the few countries that are able to drive economic growth should not suffer. More resources should be made available to these countries.”On that front, he clarified that India did not seek IMF funds. “We don’t need an IMF programme,” he said. “We need a development programme. So if World Bank is willing to give us more, we will be happy to take it.”The new financial order, the seeds for which will be laid in the Summit , needs to become more inclusive, Chidambaram said. “G7 is too small. It must expand.” G20, perhaps, represents the new grouping.Among the new prudential norms that are needed, Chidambaram listed common norms for capital adequacy, risk assessment and risk weights.Taking Singh’s anti-protectionist agenda forward, Chidambaram said the crisis should not lead to the creation of “protectionist cocoons. We must now try to ensure free flow of goods and services, capital.” Which echoes one part of what George Bush wrote in his October 22 letter inviting the…http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=HomePage&id=92a574ce-e43c-446b-91f9-3721d6884220&MatchID1=4858&TeamID1=1&TeamID2=5&MatchType1=

1&SeriesID1=1224&PrimaryID=4858&Headline=Standards+global%2c+regulation+national%3a+FM

Advertisements

1 Comment »


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: