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Trump lashes out at China, EU; says they're manipulating currencies

Has the currency war arrived?

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American president Donald Trump has lashed out at China and the European Union for currency manipulation, marking the beginning of a currency war.

The US President Donald Trump has intensified his words on China and the European Union, saying they are manipulating their currencies.

“China, the European Union and others have been manipulating their currencies and interest rates lower, while the US is raising rates while the dollars gets stronger and stronger with each passing day – taking away our big competitive edge. As usual, not a level playing field…,”Trump said on Twitter.

Trump also made it clear that the US should be allowed to recapture what was lost due to illegal currency manipulation and bad trade deals.

Trump reiterated his threat of imposing tariffs on all goods US imports from China, which is valued at $505 billion.

If a currency war erupts in full swing, it would put stock markets and oil at big risk, investors feel. Trump’s comments on currency manipulation made the dollar immediately fell against euro, yuan and yen.

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Politics

Why Indian PM Narendra Modi has won the 2018 Seoul Peace Prize

Indian Prime Minister Narendra Modi’s economic policies have been instrumental in reducing the disparities between the rich and the poor

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Image: PIB

As a fillip to Modinomics, Indian Prime Minister Narendra Modi has been conferred with the prestigious Seoul Peace Prize for 2018. Modi’s economic reforms including the much-controversial demonetisation were taken into consideration while finalising him for the Peace Prize.

According to a statement issued by the central government, Modi has won the award for his outstanding contributions to the global and national economies.

Former UN Secretary General Kofi Annan, German Chancellor Angela Merkel, and Britain-based NGO Oxfam were some of the past laureates of this distinguished prize

The award committee mentioned about his dedication to strengthen cooperation among countries and to make global economic growth more vibrant and energetic. They also appreciated ‘Modinomics’ for reducing social and economic disparity between the rich and the poor.

Modi’s policies have resulted in accelerating the human development of Indian people; the award committee also noted Indian prime minister’s efforts to root out corruption at different levels of Indian bureaucracy.

Just three weeks back, Narendra Modi also got the United Nation’s Champions of the Earth Award for 2018, the highest environmental honour instituted by the UN.

What is Seoul Peace Prize?

Instituted in 1990 to commemorate the great success of the 24th Olympic Games held in Seoul of South Korea, the Seoul Peace Prize is awarded biennially to leaders who strive hard to make the world a better place to live through peace.

Past laureates

Former UN Secretary General Kofi Annan, German Chancellor Angela Merkel, and Britain-based NGO Oxfam were some of the past laureates of this distinguished prize.

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Politics

75th Anniversary of Azad Hind Government; Modi hoists national flag at Red Fort

Prime Minister Narendra Modi has hoisted the national flag at Red Fort to commemorate the 75th anniversary of the Azad Hind Government, formed by Netaji Subhas Chandra Bose

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Image: PIB

As a great effort to re-introduce and recognize India’s leaders in an honourable way, Prime Minister Narendra Modi Sunday hoisted the national flag at Red Fort commemorating the 75th anniversary of the Azad Hind Government, formed by revolutionary patriot Netaji Subhas Chandra Bose.

This is for the first time an Indian prime minister is hoisting the national flag at Red Fort on the occasion of the formation day of Azad Hind Government.

Image: PIB

Netaji’s Azad Hind Government was the first provisional government of Free India established in Singapore on October 21, 1943.

“Azad Hind government characterized the vision laid down by Subhas Chandra Bose for a powerful undivided India. Bose united Indians to fight against the British rule,” Modi said.

Modi also mentioned about the egalitarian viewpoint of Netaji while establishing the Indian National Army.

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History

Top 5 quotes by revolutionary patriot Bhagat Singh that define his very ideology

Here’s what Bhagat Singh thought about revolution

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As we celebrate the 111th birth anniversary of Bhagat Singh, one of the great Indian revolutionaries India has ever seen, The Indic Post brings you five striking quotes that define the very ideology of India’s great son.

Born on September 28, 1907, Bhagat Singh gave an entirely new dimension to India’s freedom struggle, inspiring hundreds of youth to fight against the British with an undiluted spirit of patriotism.

Eventhough some historians didn’t take Bhagat’s unparalleled contributions into account when writing the history of India’s national movement, he is still a true hero to the masses, providing unending source of energy to the youth in the process of nation building.





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