From the previous decade, Forex markets have created at an enormous pace. The days when traders accumulated at exchange floors and yelled their solicitations are currently gone. As of now, around 99% of the traders use the electronic trading stage utilizing an E.C.N based system, despite the fact that veterans would agree that they may never have imagined this to happen. From exorbitant full-advantage merchants to markdown operators, from Manual requesting exchange to Algorithmic trading, from Tape peruses to Automated Charting programming’s and stages – various things have changed. Counterfeit consciousness based Forex trading system is required to be a fundamental piece of bleeding edge trading. Savvy machines would supplant any kind of manual mediation. AIS Forex technique is expected to beat the risks of energetic parts of trading like eagerness, dread, and feelings.

These machines would gain from each exchange they execute and intensely change their essential basic leadership limits. They would be set up to catch up on all the monetary circumstances. Multi-display capacities: These elements permit to altogether decrease the season of dealing with, where the CPU assets are not utilized as to a great extent as some time recently. This is particularly useful, as the limit of using various models as a piece of one same procedure is radically extended. Also, the cost for executing is diminished, as the more models to reenact and expectation of graph and example conduct, the more robotized the trading is. The probabilities of taking Forex exchanges are currently almost observed. At this moment, in perspective of the models, the traders must make a direct benefit with a precision of 75-80 %. We use all ai based systems to serve our managed account trading

There are cons and masters of computerized reasoning trading framework, however, later on, it can possibly progress. A counterfeit consciousness trading framework is an authoritative kind of bend fitting, and it is awesome at finding plans where the human’s eye can’t. The computerized reasoning trading frameworks can’t decipher or distinguish where the bona fide resistance and bolster lines are, as it is altogether more than fundamentally finding the highs and lows. In addition, these sorts of frameworks can’t recognize the effects of joined money related news discharges. Another vital dis-favourable position is that the greater part of these systems requires devoted servers which great SSD storerooms so that the projects can run easily and thus if the web association is some – how intruded on, this would likewise endanger the framework.


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US Fed’s Quantitative Easing Draws Flak

The US Fed’s decision to undertake quantitative easing appears to have drawn flak from a number of nations, with the exception of the UK, which seems to have welcomed it to some extent. Having run out of options to stimulate the US economy, the US Fed unveiled a $ 600 billion quantitative easing program to buy government paper. This would induce liquidity into the economy and make more funds available. Higher liquidity would keep interest rates soft and hopefully stimulate investment and spending. This would hopefully provide the US economy with another round of stimulus and steer it towards a higher rate of growth. However, increasing liquidity also likely to impact the exchange rate of the US dollar vis-à-vis other key currencies as the increased supply of dollars would build up inflationary pressures and the value of the dollar would fall in the future. Sensing this, investors would unwind their holdings in dollars and the dollar would depreciate.It is the depreciation of the dollar, which is becoming a sore point for other trading partners, whose currency would effectively become stronger as compared to the dollar thereby yielding competitive advantage to the US industry as the latter’s goods and services, would become cheaper due to the weaker dollar. This would lead to demand for such goods shifting away from trading partners of the US to the latter. While nations like China and Brazil have criticized the loose monetary policy stance adopted by the US economy, the British Finance Minister has welcomed the US move as he believes that it could kick start the US economy and a strong US economy is good for the world. Other nations on the other hand believe that the increased money supply in the US is likely to find its way into speculative investments in other parts of the world and could lead to speculative bubbles.

The loudest protests were heard for Germany, which has been growing robustly on the back of its exports. A weaker dollar is likely to make German exports less competitive and diffuse the pace of growth that German exports have achieved recently. The German Finance Minister has actually accused the US of hypocrisy where the US has been accusing China of following a weak Yuan policy for gaining competitive advantage in exports and the US now is following the same policy by choosing to weaken the US dollar. The Germans also defended large export led foreign exchange surpluses, stating that these were the result of efficient industry, which needs to be emulated by other economies and that currency manipulations should not be used to attain similar effects.Another emerging outcome of the US quantitative program, potentially leading to a weaker US dollar is the emergence of the Yuan as a preferred currency for settling trade deals. According to analysts at HSBC Holdings, Yuan based trade settlement is likely to rise to about US $ 2 trillion in the next five years accounting for at least half of China’s trade up from the 3%, which is Yuan based at present. The latest outcomes of the US decision of quantitative easing may be a pointer of the changing global economic equations in favor of China and other high growth economies in times to come.

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Arm-Twisting With Hungry, Not With Hunger

Proposed National Food Security Act in India

There is acceptability that state should legitimize the people’s right to food, while food security of old aged, destitute, single women and widow, people with stigmatized diseases and occupations, homeless, primitive tribal group and excluded communities must be griped, in contrast to the state’s constitutional duty defined under fundamental rights and directive principals to the state policy. Can you believe that a regime elected by the people can prepare and come out with a draft of food rights legislation that would keep a very large section of its own citizens wounded of hunger and exploitation? If yes, then more then 400 million people (the difference between planning commission’s estimates of poor people and the number who are nutritionally in-secured according to Prof. Utsa Patnaik and Arjun Sengupta) will still be living and dying with hunger. A scan through the concept being followed by the Empowered Group of Ministers (EGoM) makes it clear that if the National Food Security Act proposals are approved, with its present understanding, then in the coming days, chronic hunger, malnutrition and inequality would reach its altitude. The alliance national government at centre that calls itself progressive has taken steps to implement such a National Food Security Act under which all families below poverty level would get 25 kg of food grains at Rs 3 per kg. In context of rising prices, drought, in-depth starvation (most of which are resultant of economic policies of previous governments), such limited laws are totally irrelevant and without use. These proposed entitlements are controversial and would promote exclusion further.

The action related to the new law is being taken at a time when India is considered one of the fastest growing economies of world (actually an employment less and unequal development), but it is also the country where maximum undernourished children reside. There are about 360 billionaires in the country, but 93 percent of the workforce is in unorganized sector having no legal security provisions and protection measures from the state. Despite National Rural Employment Guarantee Act in place, the labourers get only Rs 30-40 of wages for a day of labour that too several days after the work is done. The price of food grains is spiraling and nutritious food is out of reach for most of the people and yet the finance minister, the agriculture minister and also the prime minister feel pride in announcing from the public and private platforms that control over the price rise is out of their hands. They fail to remember that it is not a situation to take pride in but to feel shameful of. The available buffer stock of food grains was filled with two times the needed food grains, yet the corporate players in food grains sector were allowed to take economic benefit of the hunger of common people. The majority of population in country – about 64 percent – gets livelihood from agriculture and yet agriculture is facing one of the worst scenarios. Painfully, those who produce food and work hard to make us food secure are bound to sleep hungry. The per capita food grain availability is dwindling and the farmers are forced to commit suicide or leave agriculture. Continuing droughts have made the situation worse. The promises that were repeatedly made during elections are being violated by the political parties in power.At present, hunger and malnutrition is channelising the violation of fundamental right to life and survival repeatedly but the state is not ready to consider food and nutrition security as indispensable rights of people. Therefore it has decided that under the proposed National Food Security Act, only one third of the needy people would be provided a part of food requirement. They have restricted the rights to 25 kg of ration. The fact that a family of five members requires minimum of 60 kg food grain and pulses per month has been totally disregarded. Along with price rise and perils of livelihood, the way people are caught in web of malnutrition; there is a need to at least double the proposed eligibility of grains.

The Below Poverty Line factor has been made the base for the new law. We all know that the defining poverty on only expenditure based indicators and flawed BPL identification has become the biggest State patronized scam and deception of present times. To absolve itself of the accusations, the government has played with the statistics to show the poverty at lower levels, but during the last ten years it has repeatedly become apparent that economists and capitalist policy makers are engaged in statistical tricks with the poverty figures. Arjun Sengupta, in his report on workers of unorganized sector has shown that 77 per cent people are trying to survive by spending Rs 20 a day. Would these people be considered out of ambit of poverty? Then Prof. Utsa Patnaik says that the basic need of rural people is about 2400 calories per day and for urban people it is about 2100 calories per day, but 76 percent people do not get these essential calories, meaning stomach full of nutritious food. Would these 840 million people be not considered poor? The National Family Health Survey (NFHS-III) shows that between 1998-99 and 2005-06, the malnutrition among children has gone down by merely one percent, but the Government of India did the mysterious effort of bringing down the poverty figures by ten percent during this period. It considers that only 28.3 percent people meaning about 31 Crore people (6.5 Crore) families are below the poverty line. Actually these are those people who are in or around starvation line and not below poverty line.

After intervention of the Supreme Court and lots of public debate, the Union Rural Development Ministry gave the responsibility of analyzing the indicators and identification process to a committee of experts headed by retd. IAS official Dr NC Saxena, who said that in any circumstances, 50 percent of the rural populace in the country would have to be considered as poor. He has recommended that rather than depending on indices like BPL in the matters of food and nutrition, everyone should be provided right to food security. During same time, the Planning Commission of India also appointed the Prof. Suresh Tendulkar Committee which held 41.8 percent of the rural populace as poor. These studies have proved that despite living in poverty, the Government of India is doing a planned effort work of keeping about hundreds of people out of ambit of poverty.

When it is almost sure that in the present scenario when the increasing perils of food insecurity, price rise, change in priorities of production, increasing intervention of market, lowering reach to food and rampant corruption is rapidly inflating the hunger zone and is slowly taking over lives of people completely, in such situation, the talks of food security as made by EGoM sounds like less of security and more of business and politics. In a meeting of EGoM, member of this groups and senior minister AK Antony very rightly pointed out that statistics and economics could not cloud the political mandate, as envisaged by Congress president Sonia Gandhi, behind the proposed Bill.

Still only distribution aspect is in the center and no thought is being given for the policy intervention to protect, promote and preserve the food production aspect rather then concentrating on export-import of food grains and other grains. Farmers should be protected and big corporates must not be allowed unusual tax and duty exemptions to import grains and create crisis of food in country. During last five years, first 4 million ton of food grains were exported by overlooking the domestic needs and when hunger started spreading in the country, grains were imported from other countries and companies on double the cost. Even today on the name of government purchase, 75 percent of grains is being procured from only 5 states, forcing farmers in other states to develop lackadaisical attitude in farming, especially for food and cereals and gradually giving it up. Even now, the government showing political will by declaring that priority would be given to grains production and would immediately design a decentralized procurement mechanism for all the states wherever possible so that the farmers’ interest could be protected. The union government of course keeps saying that efforts would be made to bring agriculture into folds of progress, but no linkages of their commitment could be seen while a draft of NFSA was prepared by EGoM?The bill prepared by EGoM has simply ignored old aged, infirm, single women and widow, disabled and other excluded sections of the society by saying that if it deemed proper then the schemes meant for these sections could be linked to 25 kg grains provision, but institutionalized schemes like ICDS and MDM would be kept out of it. Freedom from Hunger with nutritional security is a children’s fundamental right in all circumstances but in a fastest progressing country, where half the children are malnourished, the government does not feel appalling at indicating that nutrition would not be a legal right of children. It is seems this group is not in a position to internalize the needs of these particular groups and just trying to satisfy the statistics and economics’ of the act.

We have been noticing that since 1991, when policies for liberalization were adopted, whenever there are talks of civil and economic rights and community control over natural resources, the policy makers give a very scrawny logic of lacking resources? In contrast the government does not at all feel hesitant to provide benefits or exemptions to the companies and corporations out of the taxes. Very clearly public resources have been used to subsidize the private profit. During last year itself, taxes worth Rs 4,18,096 Crore were waived off for the rich people of the country while the tax theft goes up to the extent of Rs One Lakh Crore per year. Comparatively government allocates only Rs 39000 Crore for NREGA and Rs 43000 Crore for subsidized food grains. Billions of rupees are lying in the Swiss Banks while several billion rupees are being spent on unnecessary display schemes and programs like the Commonwealth Games when the stomachs of the poor are empty.

It is worth mentioning that 46 percent of children in country are malnourished and this rate is double that of Sub-Saharan Africa. Not only this, it is shameful that the maternal mortality rate is very high in India and one of the main reasons is malnourishment amongst women. Apart from Universalisation of public distribution system, nutrition and public health programs, no other step can bring about any change in the situation.

Sachin Kumar Jain

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Pranab Mukherjee – Veteran Indian Politician

Pranab Mukherjee, the president candidate of India is considered to be a legend in his lifetime. He is a real hard worker and he spends almost twelve to fifteen hours a day for his multitasking activities. Rasheed Kidwai, the biographer of Sonia Gandhi has rightly quoted about him as “Congress leaders regard Pranab Mukherjee as a living encyclopedia. He is an authority on all subjects from food processing to culture to diplomacy to social policies”.

Pranab Mukherjee is 76 years old but still very active in politics. As a member of Indian National Congress, he held many prestigious positions and was the part of different ministerial portfolios in the Indian government and so has wide knowledge of all major ministries. From 1982 to 1984 and from 2009 to 2012, he held the position of the Minister of Finance and he served as the Minister of External Affairs from 1995 to 1996 and from 2006 to 2009 and he also took up the position of the Minister of Defense from 2004 to 2006.He is well educated and holds a masters’ degree in political science and a degree in law. So he is said to have both theoretical and practical knowledge of various aspects of politics. He was initially working as a clerk in the postal department and then he became a teacher in a college. Then he joined Deshar Dak publication from Bengal and tried his hands in journalism.

He entered the parliament for the first time as a member of Rajya Sabha in 1969. Until 1985, he served as the president of Indian National Congress of the West Bengal state wing. In July 2010 he resigned this post to concentrate entirely on national level politics. He has served as a Minister for many high profile ministries and held some international positions also such as the member of the Board of Governors of the International Monetary Fund.

Pranab Mukherjee is respected very much in the social circles of the party. He has a good reputation among the politicians circle. He had a good role in guiding Sonia Gandhi into active politics. He remained loyal to the party and his competence earned him good name and this brought him closer to Sonia Gandhi and Manmohan Singh.

He was into some controversies during the infamous Emergency of Indira Gandhi period and for involving in the house arrest of Taslima Nasreen. He was also blamed to have helped Reliance Industries against Bombay Dyeing in some matters related to taxation. But these controversies could not pull him down and he has obtained many honors and awards for his contribution to Indian politics. He received the second highest civilian award of India, Padma Vibhushan award in 2008 and was rated as the best Finance Minister of the World in 1984 by the Euromoney magazine survey.Both the Indian National Congress and the people of India expect a lot from him since the time he had been announced as the president candidate of India. Whatever role assigned to him, he is capable of doing his part in a perfect way.

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