A loud 'No' please.

In a special session of the Parliament, "Formally known as the Nari Shakti Vandan Adhiniyan, the Women's Reservation Bill is a constitutional amendment that seeks reservation of 33% of seats in the Lok Sabha and state legislative assemblies for women." TOI. But, why now? Exactly one week before assembly elections West Bengal and Tamil Nadu (wikipedia), both states ruled by opposition parties. The original bill passed in 2023 was to come into effect in 2034, based on the 2027 Census. However, the BJP has moved a Delimitation Bill prematurely, tying it to the Women's Reservation Bill (ET) even before the Census has been completed. Delimitation is meant to increase the number of seats in the Lok Sabha to reflect the growth in population. The problem is that the total fertility rate (TFR) is high in the northern Hindi-speaking belt while it is below replacement level in the South and East. wikipedia. "Projections suggest the number of Lok Sabha seats could rise from 543 to 753 if current population trends continue." Seats of southern states will rise from 129 to 144, which will be a fall from 24% of the Lok Sabha to 19%, while northern states will see a jump of 60% from 222 to 357. Chief Minister of Andhra Pradesh Chandrababu Naidu and "his counterparts in other southern states are desperate to escape the sheer weight of numbers in the country's north. Naidu promised women Rs 25,000 if they had a third child, and also suggested extended maternity leave and a longer period of free education." ET. And yet, while other southern states have opposed the bills, Mr Naidu said that the present Women's and Delimitation Bills have his 100% support. ET. Why? What is Mr Naidu afraid of? In fact, with 240 seats, the BJP is well short of the 272 required for a majority and is only in power because of the support of the TDP of Mr Naidu with 16 seats and JDU's 12 seats from Bihar. wikipedia. In Bihar, JDU Chief Minister Nitish Kumar has been sent to the Rajya Sabha and replaced by Mr Samrat Choudhary who switched from the JDU to the BJP. BBC. The Lok Sabha has 540 members at present so 271 will give a simple majority but a Constitutional Amendment requires two-thirds majority which means 360. The Wire. Mr Naidu can kill off the Delimitation Bills while supporting the Women's Reservation Bill. Mr Naidu should remember that the BJP has a habit of cannibalising its friends and destroying them in the process. He should see what happened to BJP's friends, the Shiv Sena, also a Hindu party, and the Nationalist Congress Party (NCD) in Maharashtra, the Akali Dal in Punjab and the Lok Janshakti Party (LJP) in Bihar. The Wire. Mr Eknath Shinde broke away from the Shiv Sena and was the chief minister of Maharashtra from June 2022 to December 2024. wikipedia. Now he is Deputy Chief Minister alongside Ms Sunetra Pawar of the Nationalist Congress Party (NCP) (wikipedia). In 2019, the undivided Shiv Sena had 56 seats and the NCP had 54, for a total of 110, while the BJP had 105 seats. Since 2024, the BJP has 132, while Mr Shinde's Sena and Ms Pawar's NCP have a total of 98 seats. PRS. Mr Naidu should prepare for sunset. Unless he stands up to the rapacious BJP. Say "NO". Loudly. 

Going backwards.

 "Commerce and Industry Minister Piyush Goyal...said India has achieved a record in exports of goods and services, with total shipments crossing USD 860 billion in 2025-26. Total services and merchandise exports were worth USD 825 billion in 2024-25." ET. "India's trade deficit widened to $119.3 billion in FY 2025-26 from $94.6 billion in the previous financial year, marking the second highest gap in the past 11 years, according to official data." Imports grew 6.4% year-on-year to $979.4 billion, driven by the high gold and silver prices, while exports grew 4.22%. Merchandise exports rose 1% to $441.78 billion. CNBCTV18. "India's nominal GDP ranking has dropped to sixth place in 2025, according to IMF data, mainly due to the rupee's fall against the dollar and updated base year calculations." However, India's economy is still growing strongly, as the real GDP growth has been revised upwards to 8.2% in the second quarter of FY 2025-26. Whalesbook. Foreign investors are selling out of Indian equities. "According to veteran investor Akash Prakash, FPIs (foreign portfolio investors) have been persistent sellers in Indian equities since October 2024, with outflows exceeding $45 billion over an 18-month period." "In aggregate terms, the selling accounts for nearly 1% of India's total market capitalisation, indicating pressure that surpasses levels seen during the global financial crisis." And yet, "Indian equities continue to trade at a steep premium of 50% compared to emerging market peers." CNBCTV18. It is because of systematic investment plans (SIP) (MFSH) said fund investor Shankar Sharma. "They are exiting because SIP money is entering. Selling equals buying." "Even in utopia, you can't have SIP and FPIs both buying together. Somebody's got to sell for them to buy," he said. "India's foreign exchange restrictions have made it costlier and more complex for overseas investors to hedge against rupee swings, denting the appeal of Indian bonds, while a war-driven hit to earnings prospects is adding fresh pressure on equities." "Steps taken by the Reserve Bank of India (RBI) to steady the rupee - including curbs aimed at limiting arbitrage trade" mean that "One-year hedging costs in the onshore markets have risen by about 30 basis points since the measures were introduced. The increase has been steeper offshore, with NDF (non-deliverable forwards) (Investopedia) hedging costs climbing nearly 70 basis points." Reuters. First the RBI forced banks to sell dollars in excess of $100 million, forcing banks to incur losses (TOI) and then it restricted rupee hedging in the onshore and offshore NDF markets (msn.com). As a result, "Banks are staring at potential losses running into hundreds of millions of dollars, according to Jefferies Financial Group Inc. Hedging costs have jumped, making it harder for investors to buy protection." "Two senior foreign bankers said clients had questioned the RBI's seemingly arbitrary move." "Some foreign investors said they may stay away from India even after the current uncertainties ease, the bankers added." ET. The RBI had been trying to encourage foreign trade in the Indian rupee which would preserve foreign exchange and protect against sanctions by western countries. rbi.org.in. Now no one will be willing to touch the rupee with a hundred-foot barge pole (wytv.com) after this. Seems that the RBI is contradicting its own actions. A collective Brain Fog (Cleveland Clinic). Indians blame foreigners. Brainwashed. 

Food is not an allowance.

"Despite the sharp surge in global energy prices triggered by the ongoing West Asia conflict, the impact on India's retail inflation has remained limited so far, according to a report by Crisil Intelligence." "The report noted that although Brent crude prices rose about 45% in March and international natural gas prices jumped nearly 69% compared with February, the pass-through to domestic retail inflation has been muted." ET. Indeed, "Year-on-year inflation rate based on All India Consumer Price Index (CPI) with base year 2024 for the month of March 2026 over March 2025 in 3.40%. (Provisional)." Food price inflation was 3.87%. pib. gov.in. "India's robust macroeconomic and financial sector fundamentals are likely to cushion the impact of sustained oil price shock, though economic growth could slow by up to 80 basis points (bps) if crude averages USD 130 per barrel in 2026, according to S&P Global Ratings." "The agency warned that an energy shock would transmit through higher input costs, squeezed corporate margins, rising consumer prices and increased fiscal strain if the government steps in with subsidies." ET. Energy shock is already affecting the vulnerable. "India has more than 450 million internal migrants, according to the last census in 2011 and government estimates, forming the backbone of its informal economy." Food has become unaffordable as "Black market prices of cooking gas cylinders have soared beyond what laborers living hand-to-mouth can earn." HT. "At least 12 eateries in Delhi were forced to shut operations...due to shortage of commercial LPG cylinders," with black market prices rocketing to over Rs 5,000 per cylinder. MC. Many have lost their jobs and the wages that go with them. Uttar Pradesh (UP) raised the minimum wage of workers as "Protesters in Noida - a suburb of the national capital that houses industrial units including that of South Korean technology giant Samsung Electronics - had torched vehicles pelted stones...as they demanded higher pay." "Similar protests in the state of Haryana, an automaking hub, last week also led to its government ordering a 35% hike in minimum wages." "Around 40,000 workers took part in the Noida protests." Reuters. "UP Labor Minister Anil Rajbhar...described the violence during workers' protests in Noida as 'well-planned conspiracy' and said a possible Pakistan link is being investigated in the light of recent terror related arrests in the region." ET. It is hard to understand the plight of the low-paid when UP politicians awarded themselves an enormous rise in salary, pensions and family pensions + constituency allowance + secretarial allowance + daily allowance + medical allowance + public service allowance (when not working) in August 2025. HT. Rice can be cooked over an electric stove but chapati, or whole-wheat flatbread (wikipedia), is best cooked over a gas flame. And, North Indian and Pakistani cuisine are very similar. Royal Nawab. Food prices may have dropped but can't eat without cooking. Hunger is not Pakistani. Not asking for allowances. Just food.   

Strategic imitation.

The first high-level talks between the US and Iran since 1979 "were meant to turn the fragile two-week ceasefire into something lasting. Instead, the marathon talks lasting some 21 hours, ended with no agreement between the warring parties." India Today. If Iran succeeds in making a nuclear weapon it will not hesitate to threaten nations along the Gulf and even demand a fee from every oil tanker, as it is doing now. "Saudi Arabia has warned that it will develop its own nuclear weapon if regional rival Iran acquires one." Prince Mohammed bin Salman "called Iran's (deceased) Supreme Leader Ayatollah Ali Khamenei 'the new Hitler of the Middle East'." BBC. The Abraham Accords (wikipedia) show that "now Sunni Arab states are publicly aligning with Israel because they recognize Israeli military strength is the most powerful check on Persian imperial expansion. A weakened or eliminated Israel does not produce Palestinian statehood. It produces a Hezbollah-Hamas-Iranian arc from Tehran to the Mediterranean, with nuclear ambitions and a declared ideological commitment to the destruction of the Western liberal civilization," wrote Ravi Shankar. Israel is vital, Iran is lethal. After the talks in Pakistan broke down, "A US blockade of Iran's ports and a partial blockade of the Strait of Hormuz, chokepoint for shipments of oil, fertilizer and other vital goods began this morning." CBS. Iran has called it an act of piracy and threatened to hit other Gulf states. Iran has been attacking other Gulf countries with missiles and drones even though they are not involved in the conflict." NBC. So, that is an empty threat. Also by threatening to bomb oil tankers Iran has been collecting $2 million from every ship. HT. Iran has been essentially defanged by the adoption of its own tactics and it is already feeling the effects. "This not only potentially curtails the outward flow of Iranian oil, impacting the ability to raise funds for the Islamic Revolutionary Guard Corps (IRGC), but also affects every import." Its currency the Rial has dropped to 1.58 million to one US dollar, so that it has issued a 10 million Rial note, and inflation is over 50%. The Print. "According to an estimate, the blockade of the Strait of Hormuz could cost Iran up to $435 million a day," including $276 million in lost exports, mainly crude oil and petrochemicals. News18. "Lebanon's future is in danger; as long as Hezbollah exists." "Actually, the whole region would benefit from this war delivering a weakened Iran." "What it's really been spreading is hatred and extremism," wrote Khaled Zein Eddine. The regime is a victim of its own corruption. Iranian banker Ali Ansari acquired properties along The Bishops Avenue, dubbed Billionaire's Row, in north London, at a cost of 90 million pounds (around $120 million today). These are lying empty because of sanctions. WSJ. Last year, Ayandeh Bank, run by the regime's cronies, went bust with $5 billion in debt. "The government folded the carcass into a state bank and printed a vast amount of money to try to paper over all the red ink." WSJ. The currency dropped, inflation rose. If the US blockades Iran's ports for a few days the economy will collapse and the regime will have to accept terms for peace. Without using expensive missiles and without any loss of life. Using Iran's own strategy. What Iran can do, the US can do better. Brilliant. 

TN Seshan and Sonali Khatoon.

Elections to the assemblies of Assam, Kerala and Puducherry have been held while elections to West Bengal and Tamil Nadu assemblies will be held next week. wikipedia. Election to the Uttar Pradesh (UP) assembly will be held in February-March 2027. wikipedia. The Election Commission of India (ECI) has been conducting Special Intensive Revision (SIR) in every state to bring the electoral register up to date by removing those who have migrated, died or are foreigners. eci.gov.in. It may seem logical to delete bogus and dead voters from electoral rolls but the present EC has lost confidence and is increasingly suspected of taking orders from the Bharatiya Janata Party (BJP). Last month, "The Election Commission blamed clerical errors for a letter by the EC being circulated with a BJP seal." The EC dismissed it as a clerical error but the CPI(M) party sneered on X, "It is no secret that the same power center seems to control both the Election Commission of India and the BJP. Even then, at least maintain the courtesy of two separate desks." TOI. What a descent into disgrace from the days of Mr TN Seshan under whose "superintendence, direction and control of elections, execution of the universal suffrage principle envisaged in the Constitution reached new heights, making countrymen proud of the commission and our elections (TNIE). In UP which has a BJP government the "electorate expanded by 8.43 million between the draft roll in January and the final number.., the highest among the 13 states and Union Territories where the SIR has concluded." HT. Whereas in West Bengal, which is ruled by the Trinamool Congress Party the SIR has deleted "over 5.8 million names, redrawing voter profiles across districts, border belts and high-profile constituencies." MC. Large number of Muslims have been deleted from the rolls on the ground that they are foreigners from Bangladesh (BBC) even after the odious incident of 26-year-old pregnant woman, Sonali Khatoon, who was picked up and dumped in Bangladesh and was brought back only after the Supreme Court ordered. Her husband and three others are still stuck in Bangladesh. TOI. An NGO, Association of Democratic Reforms (ADR), has alleged in the Supreme Court that the EC failed to weed out 500,000 duplicate voters in Bihar (TOI), which has a BJP-led coalition government (wikipedia). In 1990, when Seshan became Chief Election Commissioner (wikipedia), India had a coalition government with Mr VP Singh as Prime Minister  (wikipedia) followed by a Congress-led minority government from 1991 under Mr Narasimha Rao  (wikipedia). Politicians were no saints at that time but at least they tried to maintain a facade of decency, unlike the brazen shamelessness at present, secure in the rock-like support of an army of deluded Bhakts  (DH) whose dung-filled skulls preclude any logical thought. Immoral politicians will do anything for power and the infinite opportunities for enrichment, but sycophants, who spinelessly accept orders to commit criminal acts, are contemptible trash. "Nobody hates living in India like Indians," said an influencer in the US. TOI. Does the EC feel insulted? If not, India is finished. No redemption.             

Breed unlimited fuel.

"Google has secured a crucial power distribution license from the Andhra Pradesh cabinet for its planned 1 GW data center hub in Visakhapatnam." Electricity can constume 40-60% of operating expenses, so, "As India's data center capacity grows, expected to reach 10 GW by 2030, there are significant concerns about energy and water use." Data centers already use 2-3% of India's power output. Whalesbook. "The Central Electricity Authority (CEA) has urged state governments to ensure robust power supply for India's rapidly growing data centers." As of 31 January 2026, the installed generation capacity in India stands at 520.5 GW. Data centers alone are expected to guzzle more than 13.6 GW power by 2032 and 16.4 GW by 2040." The Print. Electricity generation could jump as, on 6 April 2026, a 500 MWe Prototype Fast Breeder Reactor (PFBR) at Kalpakkam went critical. This type of reactor converts depleted uranium into fissile plutonium which is used to convert thorium into fissile uranium, thus 'breeding' more fuel than it consumes. The Wire. "According to the Department of Atomic Energy (DoAE), India has identified over 11.93 million tonnes of in situ monazite resources, containing more than 1 million tonnes of thorium. With this self-sustaining technology India can meet its energy needs well into the future without producing greenhouse gases. NBP. "Traditional reactors slow down neutrons using a moderator such as water." PFBR used liquid sodium as a coolant. "Unlike water, sodium does not slow down neutrons and has excellent heat transfer properties." TOI. The problem is that, "When you wet a piece of sodium metal, it gets hot and fizzes. Sometimes, the reaction can be extreme enough to produce flames and explosions." Chem Talk. "Breeder reactors have been developed and operated in Russia, India, Japan, the United States, France and China, but only Russia is currently operating a commercial fast breeder reactor." wikipedia. India will be the second country to commercially operate such a reactor. Accidents at nuclear reactors are not common and there have been only two at sodium-cooled breeder reactors, presumably because most countries have not adopted these. ieer.org. The latest severe nuclear accident was at Fukushima in Japan in 2011, when tsunami waves swamped the reactor and caused partial meltdown of the core. About 470,000 residents around the plant were evacuated. Radioactive water leaked out into the landscape, severe enough for "Japan's Nuclear Regulation Authority to classify it as a level-3 nuclear incident". Britannica. "India's long-term nuclear vision is ambitious by design. With policy backing, dedicated funding, and indigenous research at its core, the country is building a nuclear future that is both self-reliant and globally significant." pib.gov.in. Kalpakkam is a coastal town in Tamil Nadu with about 20,000 inhabitants, 39 of whom died in a tsunami on 26 December 2004. wikipedia. India needs abundant energy with zero pollution. PFBR will do both without having to buy uranium ore from other countries. It is ideal for us. Only if water doesn't get into the sodium. We don't want it to hiss and fizz.              

US and Iran in Pakistan.

"India...welcomed the ceasefire arrangement between the US and Iran, expressing the hope that the development would pave the way for lasting peace and stability in West Asia." "Meanwhile, India has issued a fresh advisory for its nationals in Iran, urging them to leave the country in view of potential escalation despite the ceasefire." ET. Across the border, "Pakistan has acted as an intermediary between Iran and the US over the last few weeks, passing messages between the two." "Just before 05.00, Pakistan's Prime Minister announced that a ceasefire had been agreed and invited the two sides to meet in Islamabad on Friday, 10 April." BBC. "The Iranian delegation has arrived in the Pakistani capital Islamabad," and "Vice President Vance, special envoy Steve Witkoff and President Trump's son-in-law Jared Kushner are set to meet with the Iranian delegation Saturday (today) morning, local time, for Pakistan-mediated talks on ending the war." The Hill. "Islamabad finds itself at the center of a tense diplomatic gamble," "giving the Pakistani capital a rare moment on the global stage." However, "In the hours after the ceasefire was announced by Pakistan, Iranian officials reportedly credited a last-minute push by China with securing their acceptance, a claim soon after validated by Trump." ET. Pakistan is not important, China is. Trump has credited "Field Marshall Asim Munir's counsel for helping avert a wider catastrophe." Because Trump has a "grandiose narcissistic personality" and "Munir delivers obsequiousness, deference and strategic utility, all packaged in a decisive military approach." "Trump has consistently sought to claim credit for preventing a nuclear war between India and Pakistan," and Munir openly thanked Trump for the ceasefire and saving 10 million people, wrote Prof Vinay Kaura. Uncontrolled rage. Because this is contrary to Prime Minister Narendra Modi's claim in the Lok Sabha that during Operation Sindoor (pib.gov.in), someone in Pakistan phoned and begged, "Stop now, you beat us badly, we cannot take any more.  (NDTV)." Pakistan a friend of the US while Mr Modi is ignored, is intolerable to Bhakts who live in an altered reality (DH). "It's hard to believe now, but US President Donald Trump was once the BJP's (Mr Modi's party) pin-up boy." "It was embarrassing to watch TV anchors declare that the whole world trembled because Trump held a door open for Modi, or that other nations quaked before the power of this supposedly awesome duo." But, "In India, the same social media fantasists who once sang his (Trump's) praises have now turned viciously against him," wrote Vir Sanghvi. The 'Goldilocks economy' has been upended (Reuters), 11 million graduates constitute 67% of unemployed youth aged 20-29 (DH) and foreign investors have lost interest in  India and pulled out Rs 1.77 trillion in 2026 (NDTV). As PM, Mr Modi is responsible for India's dire situation. Poor Bhakts have been reduced to praising our greatest enemy China (India Today) and abusing Trump. Not easy when facts intrude on their delusion. How to worship Dear Leader. When he is a failure.    

The RBI didn't.

"The RBI's six-member Monetary Policy Committee (MPC) voted unanimously to keep the benchmark repo rate at 5.25%...The policy stand was retained at neutral." HT. "The repo rate is the interest rate at which the Reserve Bank of India (RBI) lends short term funds to commercial banks against government securities... with an agreement to repurchase them later at a slightly higher price. The difference in price reflects the repo rate." Monefy. Banks decide their lending rates based on the repo rate, so a high repo rate reduces borrowing by increasing costs for borrowers and slows the economy, a low rate is expected to encourage economic growth by increasing investment due to lower borrowing costs. The MPC projected real GDP growth at 7.6% in FY 2025-26 and at 6.9% in FY 2026-27. News18. "For the new fiscal year (1 Apr 2026-3 Mar 2027), CPI inflation is projected at 4.6%, with quarterly estimates of 4% in Q1, 4.4% in Q2, 5.2% in Q3 and easing to 4.7% in Q4. Core inflation is projected at 4.4%." ET. In March 2026, "India's federal government ...retained its retail inflation target of 4% with a comfort band of 2%-6%, according to an official notification. The target will remain in place for five years." Reuters. "Zerodha founder and CEO Nithin Kamath has said foreign investor interest in India has 'pretty much died out'," because "India is being seen as geopolitically exposed, especially to an oil shock, while the lack of strong AI-linked plays and weak rupee are also weighing on the sentiment." NDTV.  The RBI listed five dangers to the Indian economy: 1. "elevated crude oil prices could increase imported inflation and widen current account deficit"; 2. higher commodity prices may affect agriculture, industry and services and lower domestic output; 3. risk aversion by foreign funds may tighten liquidity and raise borrowing costs; 4. weaker global growth could reduce exports and inward remittances and 5. increased borrowing costs globally could raise borrowing costs in India. ET. Higher inflation should prompt a higher repo rate while falling output and lower GDP growth demands easing borrowing costs. This uncertainty regarding the effects of the Iran war on the global economy (ET) is the reason for the MPC voting for status quo. Just a few weeks ago, "A rare Goldilocks mix - robust growth, contained inflation, a low current account deficit and ample foreign exchange reserves - has set the economy apart from most peers." But now, "Rupee has depreciated by over 4% - underperforming most EM Asian peers, and foreign portfolio outflows have approached $12 billion in March alone," wrote Sakshi Gupta. As the Indian rupee crashed to 95 to the US dollar (in.investing.com), on 03 April, "The RBI announced new rules capping the open positions banks can hold in the onshore currency market at the end of each trading day (ET)."  "Traders rightly sensed RBI's mandate to cap local banks' end-of-day currency positions at $100 million as a desperate measure." "The market is no longer confident that the RBI will be able to stop the rupee from slipping past 100. After all, when a monetary authority restricts how lenders manage their books, it unwittingly ends up signaling that traditional tools like interest-rate hikes or dollar sales are no longer sufficient. That's when speculators swoop in," wrote Andy Mukherjee. "When in doubt, don't," said Benjamin Franklin (azquotes.com). That's what the RBI did. It didn't.   

How it won.

"Iran and the US agreed to a conditional two-week ceasefire, during which shipping traffic will be allowed through the Strait of Hormuz." US President Donald Trump "said he had agreed to 'suspend the bombing attack of Iran for a period of two weeks", and "Iran has agreed to allow vessels through the Hormuz Strait for two weeks, with their passage coordinated by the Iranian military." BBC. In a huge diplomatic achievement, "Pakistan has acted as an intermediary between Iran and the US over the last few weeks, passing messages between the two." It has a border with Iran and "regularly refers to its 'brotherly' relationship with that country." BBC. "On 16 January 2024, Iran conducted a series of missile strikes in Pakistan." "Two days later, on 18 January, Pakistan conducted a retaliatory series of missile strikes in Iran," "Iran's government condemned the strikes and stated that nine people had been killed, including four children." wikipedia. Kill children of "brotherly relationship". "Iran has the largest Shia majority, with more than 66 million making up nearly 90% of the population." BBC. "About 97% of Pakistanis are Muslims," with Sunnis making up 85%- 90%. wikipedia. On the one hand, in Pakistan, "Over 4000 Shias have been killed by sectarian violence in the past 20 years alone." CSOH. On the other hand, "In India, Shias enjoy constitutional protections that allow them to practice their faith openly. They have representation in politics, access to Shia-specific religious institutions, and the freedom to observe their rituals without fear." News18. The Hazaras, most of whom are Shia, are regularly massacred in Pakistan. The Print. In February 2025, Prime Minister Narendra Modi was hosted at Blair House, the Presidential guest House in Washington  (NDTV), and "PM Modi is the first Indian Prime minister to address the joint session of the US Congress twice. He is also just the second international leader, after Israel Prime Minister Benjamim Netanyahu, to be granted the honor more than once (HT)." And yet, curiously, both Iran and the US chose to trust Pakistan as the mediator and not India. Pakistan's powerful army chief, Field Marshall Asim Munir, has built up a personal rapport with US President Donald Trump." Munir and Pakistan Prime Minister Shehbaz Sharif visited Washington following Operation Sindoor, the conflict between India and Pakistan in May 2025, during which, "Sharif praised Trump's 'bold and visionary' intervention, while Munir said the US leader deserved the Nobel Peace Prize for stopping an escalation between the nuclear armed neighbors." ET. The Indian government claimed, "All strikes were executed without loss of Indian assets, underscoring the effectiveness of our surveillance, planning and delivery systems." pib.gov.in. Trump claimed to have stopped the conflict by threatening 200% tariff and said 11 planes were shot down, but "India has consistently denied all claims about any third-party intervention during the armed conflict in May 2025." NDTV. Pakistan has agreed to use World Liberty Financial stablecoin for cross-border transactions (TOI), while Indian media portrayed it as an inducement to Trump's family. Even if we won Operation Sindoor, we have managed to snatch defeat from the jaws of victory. The US and Iran trusted Pakistan's duplicity. Pakistan won.

Obesity on candid camera.

"A day after Semaglutide lost patent protection in India, top drug makers including Dr Reddy's, Sun Pharma and Zydus Lifesciences launched generic versions priced 50-90% below the innovator brands, kicking off an aggressive scramble for share in the fast-growing weight-loss and diabetes market." "GLP-1 (glucagon-like peptide-1) drugs such as Semaglutide work by mimicking a natural hormone that signals the brain to feel full and slow down digestion, helping one to eat less and lose weight more effectively." Mint. Concerned by likely indiscriminate use of these drugs the Indian government has published a list of their side effects and has made it illegal to sell without prescription. Defining obesity as BMI over 25 kg/m2, it advised, "Obesity is preventable and reversible. To prevent and reduce obesity," people should: Reduce calories from fats and sugars, increase intake of fruits, vegetables,legumes and whole grains, and exercise daily. pib.gov,in. The use of the body mass index (BMI) by doctors is wrong and emphasis on weight-loss diets on social media are examples of bias against fat people and of fat shaming. withinhealth.com. But buying expensive drugs which mimic dieting is not. Strange. "The India GLP-1 receptor agonist market size was estimated at $110.55 million in 2024 and is expected to grow at a CAGR (compound annual growth rate) of 34.3%" to reach $513.1 million by 2030. Grand View Research. However, eye-watering profits will not be limited to pharma companies. As people put on weight the skin stretches, so rapid, significant weight loss leads to loose folds of skin resulting in facial aging (aao.org) and ugly folds elsewhere in the body (Dr John Burns) which need plastic surgery. Should the drugs be continued lifelong? A study at Cleveland Clinic showed that "After 1 year without medication, those in the obesity group regained an average of 0.5% of body weight, and those treating type 2 diabetes lost average 1.3% of body weight on average." Medical News Today. However, 27% switched to another obesity drug, 20% restarted the original drug, 14% continued exercise and diet and less than 1% required bariatric surgery. That is about 68% of the sample. The Drug Controller General of India (DGCI) is considering allowing chemists to sell loose tablets to cut costs for patients who have to buy an entire strip of 10-15 tablets when they may not need more than 5-6. Mint. The chemist will, naturally, keep the part of the strip with the name, price and expiry date so as to be able to sell the rest at a later date. How will anyone know what the patient is taking? At the same time the "Drug Consultative Committee has agreed to make the installation of CCTV cameras at medical stores mandatory." ET. That means no more medical confidentiality as any government official will be able to access information. So, patients and doctors won't know what loose tablets the patient is taking, but the police will. Is that a definition of a 'police state'  (wikipedia)? No wonder, "A nationwide survey of over 1,200 Indian doctors has revealed that more than nine in ten physicians would hesitate to recommend medicine as a career to their own children." India Today. Let politicians, civil servants and the police treat patients as a side hustle. No need for doctors. Everything will be on Candid Camera anyway.   

Iran's strength.

Four days back, "Iran's downing of two US military aircraft marks the first time in more than 20 years that American warplanes have been shot down by enemy fire, underlining Tehran's ability to retaliate despite claims by US President Donald Trump that the country has been 'completely decimated'." The US confirmed that an F-15E Strike Eagle was shot down. "One service member has been rescued, while search operations continue for another." TOI. Three days back, the missing weapons officer "was rescued by US Special Operations Forces in a risky Saturday night mission that took commandos deep into enemy territory." There were no US casualties and "All commandos and the weapons officer returned safely." DH. The rescue mission involved 155 aircraft, including four bombers, 64 fighters, 48 refueling tankers, 13 rescue aircraft, and more, Trump said." Two planes got bogged down in the soil and "were destroyed to keep them out of enemy hands." BBC. This operation values the officer at hundreds of millions of dollars. "One of the biggest miscalculations by Washington and its allies appears to be the expectation that sustained strikes would destabilize Iran internally," "Instead, Iran's power structure has adapted. The Islamic Revolutionary Guard Corps (IRGC) has consolidated control and continues to drive both military operations and internal security." MC. Iran has resorted to asymmetric warfare and its "strategy is based around the Shahed, a one-way attack drone costing between $20,000 and $50,000." "Iran has fired thousands of these drones since the war began, combining them with more expensive ballistic missiles in an attempt to overwhelm air defenses." DW. Perhaps, Iran's main strength is its disregard for the welfare of its citizens. Iran's Ministry of Health told Time Magazine that 30,000 protesters were killed on 8 and 9 January alone. Even now, Iran is executing civilians. yahoo.com. Whereas, the US media conduct polls showing that a majority of Americans are against the war, to pressure Trump. pbs.org. The US Department of Defense planned to spend $995.13 billion in fiscal 2026. usaspending.gov. Why spend so much of taxpayer money on defense if it is just for show? With a population of nearly 350 million (worldometer), every citizen could receive over $3000 each, $12,000 for a family of four, if this money was saved. Iran has responded to US attacks by attacking Gulf countries (Reuters), consisting of a large majority of Sunni Muslims. Of the total of over 2 billion Muslims in the world, 1.7-1.8 billion are Sunni and about 200-300 are Shia. Iran and the south of Iraq are mostly Shia. wikipedia. Yet, with more than six times the number, the Sunnis seem to be terrified of Shia Iran. TOI. "An Iranian official on Tuesday (today) called on youths in the country to form human chains around power plants ahead of potential strikes threatened by US President Donald Trump." Fox. It's striking that they are willing to sacrifice ordinary people but not the IRGC or the Basij militia thugs. Was it a request or an order? Will they force ordinary people at gunpoint? They can and may. Inhuman scum. Yet the US media is rooting for Iran. That's how treacherous they are. That is Iran's strength. 

They are Americans.

"Pepsi has announced it is withdrawing as main sponsor of the Wireless Festival in London this summer after news that Kanye West is to headline the three-day event. The US rapper, now known as Ye, has drawn widespread criticism for antisemitic comments he made in recent years and for which he issued an apology in January." BBC. "Wireless Festival is an annual rap and hip-hop music festival that takes place in London England," and Kanye West has been listed among the greatest rappers of all time with 160 million records sold. (wikipedia). As an American company, Pepsi's withdrawal is strange because, "For the past two years, college and university campuses across the US have become hotbeds of antisemitism and intense anti-Israel activism." ADL. Perception matters. In March, "Seven foreign nationals including an American are in NIA custody after a Delhi court granted the anti-terror agency 11 days to investigate an alleged conspiracy to train ethnic armed groups in drone warfare. The six others are Ukrainian nationals." NDTV. "Home Minister Amit Shah...said a group of foreigners...arrested recently by NIA from Kolkata, Lucknow and Delhi did not pose any threat to India, but were trying to use the country as a transit point to Myanmar for terror training." TOI. So we are safe, or are we? Would any other country allow 'terrorist trainers' to use it as a "transit point" and what if radicalized Indians accompanied them to Myanmar and returned after training? Yesterday, "Delhi Police Special Cell and Maharashtra ATS arrested two radicalized suspects in Mumbai, alleging links to Jaish-e-Mohammed and Islamic State. They were allegedly planning a toy car bomb attack  in Delhi." India Today. India does not dare arrest an American. Perception matters. On 12 June 2025, Air India Flight 171, a Boeing 787-8 Dreamliner crashed 32 seconds after take off from Ahmedabad Airport, killing 12 crew members and 229 passengers. One passenger survived. "On the ground, 19 people were killed, and 67 others were seriously injured." wikipedia. A cover up is underway. "Multiple Boeing whistleblowers have revealed several manufacturing defects in the 787s," especially VT-ANB, which was the AI171 Aircraft: "structural gaps, force-fit assembly practices, and water leakage from toilets into electric bays. Then there's the history of 787 incidents: battery fires, control failures, fuel leaks and even fuel switch issues," wrote S Raghotham. India may end up blaming the pilots under American pressure, just as Union Carbide was allowed to walk away with a token payout of $470 million for the deaths of 8,000 and injuries to 558,175 people (wikipedia). Americans can kill thousands of Indians with impunity. Perception matters. On 2 December 2025, the Union Home Ministry revealed in the Lok Sabha that only 335 persons, out of 10,440 arrests under the draconian Unlawful Activities (Prevention) Act, had been convicted. The Wire. So, Judges in the Nirav Modi trial in London said "proscribed treatment (torture) to obtain confessions" was "commonplace and endemic". TOI. Where there is no proof, torture is necessary for confessions. Indians a 'Jm Crow' nation? Yes Massa. Perception matters. 

The power to buy.

"After extensive consultation, govt has decided to retain the retail inflation target for the monetary policy committee (MPC) at 4%. For the next five years the tolerance band of 2-6% has also been retained, according to the notification issued by the Finance Ministry." TOI. This allows the MPC of the Reserve Bank of India (RBI) to set low policy rates by ignoring inflation at up to 6%. The flexible inflation target of 4%+/- 2% was first set by the government in 2016 for a five year period and was renewed in 2021. prsindia. org. However, the RBI kept its policy rate unchanged at 4% from May 2020 to May 2022 when it raised the rate by 40 basis points (bps) to 4.40% (BBC) even though the consumer price index (CPI) inflation rate was 6.28% in May 2020, rising to 7.61% in October 2020, and stayed near or above 6% till May 2022 (RI), when it raised rates in an emergency meeting because the US Federal Reserve raised interest rate by 50 bps (bankrate.com). Rising prices mean that the rupee is buying less, or the rupee is depreciating in value. The US targets an inflation rate of 2%, which is the target rate for most developed economies. Brazil targets 4.5%+/-2%, Mexico 3%+/-1%, Indonesia 5%+/-1% and Russia targets 4%. IMF. If the inflation rate in the US (usinflationcalculator.com) stays below that in India the dollar will keep getting stronger against the rupee. The rupee has fallen from 66.46 to one dollar in 2016 (bankbazaar.com) to 92.92 this morning (xe. com), having recovered from 95.220 on 31 March 2026 (in.investing.com). India's foreign exchange reserves fell by $10.3 billion in the week ended 27 March 2026 to $688.1 billion, having fallen by $11.4 billion to $698.4 billion in the week ended 20 March. TOI. Though some of it was because of a fall in the price of gold, most of it was because the RBI sold dollars to support the rupee. In addition, "The RBI's unorthodox move to steady the rupee by forcing a banks to unwind foreign exchange positions beyond $100 million will prevent its slide towards 95," but, "The move will also cause banks with large open positions to lose money." TOI. Following that, the RBI protected the rupee further  "by targeting the rebooking of canceled forex derivative contracts and tightening norms around related party contracts." Mint. "The Indian rupee may weaken to a record 100 per dollar or beyond," as "Analysts at Wells Fargo and Van Eck Associates Corp say elevated oil prices will accelerate the rupee's decline by worsening inflation and the current account deficit." ET. Yield on India's benchmark 10 year bonds is at 7.129% this morning (in. investing. com), greatly raising the borrowing costs for the government. The fall in the value of the rupee from 66.46 to 92.92 against one dollar is a 59.86% drop. The dollar has also lost some value in that period, which means there has been over 65% erosion in the value of the wealth of Indians in the 12 years of this government. And, the ability to buy. That is some achievement.

Taxing sins.

"India's economic outlook remains supported by strong domestic demand and improving high-frequency indicators, but rising geopolitical tensions, particularly in the Middle East, pose significant risks, including possibility of stagflation, according to a report by Morgan Stanley." ET. "India's net Goods and Services Tax (GST) collections rose to Rs 1.78 trillion in March 2026, registering a growth of 8.2% compared to the same period last year, as per official data." Gross GST collections grew 8.8% to Rs 2 trillion. "For the full financial year 2025-26, gross GST collections rose 8.3% year-on-year to over Rs 22.27 trillion, while net GS revenue grew 7.1% to Rs 19.34 trillion." ET. Starting on 22 September 2025, GST rates were reduced to 5%  from 12% on a range of commonly used goods and to 18% from 28% on automobiles, air conditioners, televisions and washing machines. cleartax.in. If collections have increased despite lower rates, it means that demand and sales have surged. Unfortunately, fruit juices, non-alcoholic beverages and carbonated beverages continue to be taxed at 40%. "India's taxation for non-alcoholic beverages stands out as one of the most onerous in the world." "The median global tax rate for carbonated beverages hovers around 18.4%." Also, at 351.9 million tonnes, India had the second largest horticultural production in 2022-23, so lower taxes would increase demand for fruit juices, wrote Aruna Sharma. All these drinks are treated as 'sin' products possibly because, "India is among the top three countries globally with the highest number of children affected by excess weight, with about 41 million aged 5-19 living with high body mass index (BMI), including nearly 14 million with obesity." "The rise is being driven by easy access to calorie-dense foods, sugary drinks and ultra-processed products, along with declining physical activity and increasing screen time." TOI. "A debate around banning social media for children under 16 is gathering momentum in India," as Australia has done, but "Experts, however, warn that such a ban would not be easy in India and could face legal challenges." BBC. Municipalities have to arrange easily accessible playing grounds and swimming pools for children to exercise in. India's middle class is becoming poorer. "A family that lived comfortably on Rs 1 million in 2016 would now need close to Rs 2 million a year." As prices have surged, "Their salary, in most cases, has barely moved. The middle class is on a treadmill, and every year the belt speeds up." BBC. Poverty has a strong indirect relation to obesity in developed countries (Medical News Today) but this phenomenon is now being seen in low and middle income countries as well. As salaries stagnate, both parents have to work to continue the same standard of living, so there is no time to cook. It is easier to order junk food online. What is a greater sin - non-alcoholic beverages, social media, tasty calories without nutrition, or falling salaries? Who should we ask? Government, priests or people. Difficult.            

Make it entertaining.

Yesterday, President Donald Trump delivered a primetime address to the nation on Operation Epic Fury targeting Iran's nuclear program. The White House. The reaction to his speech has been due to hatred of Trump rather than a dispassionate analysis of Iran's nuclear capability and its determination to build a nuclear weapon. "Trump, facing a war-wary American public and sliding poll numbers," "stopped short of offering a firm timeline for an end to hostilities." Reuters. This is not a game of American football whose timing is dictated by television companies. "An average professional football game lasts 3 hours and 12 minutes, but if you tally up the time when the ball is actually in play, the action amounts to a mere 11 minutes." A Wall Street Journal "analysis found that an average NFL broadcast spent more time on replays (17 minutes) than live play." "The average NFL game includes 20 commercial breaks containing more than 100 ads." Quartz, Perhaps, the US Army could show commercials on laxatives after showing a missile striking an Iranian target. Or female soldiers could show how to get in and out of Interceptor Body Armor (Premier Body Armor) without suffering a 'wardrobe malfunction' as in the halftime show at Superbowl XXXVIII (wikipedia). Americans would no longer be "war-wary" and the US government could potentially earn billions of dollars. "While threatening new air strikes if Iran tries to move the stockpile (of uranium), he (Trump) made no mention of sending special forces on a risky mission to seize it." Reuters. Revealing when and where special forces would attack would eliminate surprise and expose them to counterattack. It would be better if they carry body cameras (wikipedia) showing live action, and uniforms carrying ads. Very entertaining. Trump says that the US produces its own oil and has no need to buy from the Gulf. Those countries that do should "build up some delayed courage...Go to the Strait and just take it. Protect it. Use it for yourselves." He was probably addressing craven Europeans who have been protected by Nato, while contributing very little. The US spent $$980 billion on Nato last year which was 62% of the Nato total. BBC. Trump has threatened to pull out of Nato, which consists of European countries, plus Canada.  Reuters. If the US withdraws its troops and arms from Nato countries it would reassure Russia (wikipedia) and would end the conflict in Ukraine. Apparently, Germany is building up its army because it fears an attack by Russia. BBC. This is so much rubbish that it insults our intelligence. Russia has enormous natural resources and would want nothing from Germany. Secondly, Germany invaded the Soviet Union on 22 June 1941 in Operation Barbarossa  (wikipedia). The Soviet Union won World War II by defeating the German Army, losing 8 million soldiers and 16 million civilians. History Ireland.On 24 June 1812, Nepoleon of France invaded Russia  (wikipedia) and suffered a crushing defeat. It would be best if the US breaks away from these lying, treacherous Europeans and eradicates the fanatical Iranian regime. That will end support for terrorist groups like Hezbollah, Hamas and Houthis, bring peace to the Middle East and prevent further bloodshed. Oil prices will plunge as sanctions are removed on Iran and the global economy will boom. But first, entertain US citizens. Live coverage with commercials. Polls will skyrocket.   

Losing to AI.

In India, "The artificial intelligence (AI) explosion and the adoption of cloud services are growing rapidly, and as a result, our digital footprint is seeing a record growth. Currently our data center (DC)'s capacity is around 1.5 GW, but we are looking at a mega leap, potentially reaching 9 GW or more by 2030." ET. But, this is not creating employment. "Between 2004-05 and 2023, while approximately 5 million graduates were added each year, only around 2.8 million found employment, and an even smaller share found salaried employment, contributing to rising graduate employment and slowing earnings growth," said the State of Working India 2026 Report from the Azim Premji University. India has "367 million young people between the ages of 15 and 29," and 269 million constitute the potential workforce. "Between 2007 and 2017, the share of students from the poorest households enrolled in higher education rose from 8% to 17%." But, "Nearly 40% of graduates aged 15-25 - and 20% of those aged 25-29 - are jobless, far higher than the less educated." BBC. The Economic Survey of Delhi 2025-26 showed, "At every stage of schooling, girls are now enrolling in greater numbers than boys." At primary school level the ratio stands at 107.2 girls to 97.4 boys, at secondary school it is 104.7 girls to 98 boys and at higher secondary school it is 87.2 girls to 78.7 boys. TOI. This is in spite of "the sex ratio (at birth) in the capital has declined to 920 females per 1,000 males in 2024 as compared to 922 in 2023." The national average is 940 females per 1000 males. TNIE. "The overall unemployment rate among all graduates aged 22-29 runs as high as 33%. This rate drops to below 4% after age 30." "Young men eventually succumb to economic pressure and accept whatever work is available. Young women by contrast, often exit the labor force altogether, retreating into unpaid domestic care work. The data shows this starkly: male unemployment falls because men find some job, female unemployment falls because women stop looking," wrote Ajit Ranade. "Across India, the quiet machinery of automation has been reshaping - and in many cases eliminating - jobs that the middle class was built on." Unable to earn a decent income, about 9 million Indians lost $12 billion speculating on the Futures and Options (F&O) stock market, "roughly equal to the federal government's entire annual education budget." White collar job creation has fallen from 11% growth before 2020 to just 1% today and "Across IITs nationally, 8,000 of 21,500 graduates remain unemployed." A family that lived comfortably on Rs 1 million in 2016 would now need close to Rs 2 million a year. The salary, in most cases, has barely moved. The middle class is on a treadmill, and every year the belt speeds up." BBC. "Oracle has reportedly begun a major round of job cuts in India, with around 12,000 employees said to have been laid off and more reductions likely in the coming weeks, according to affected staff." ET. "Over the past three-and-a-half decades, India's software industry has created millions of white-collar jobs, spawning a new middle class driven by high ambition and strong purchasing power." But, "Some CEOs have even warned that AI could eliminate 50% of entry-level white-collar jobs." BBC. It's a disaster for those laid off. Humiliation with despair. And, no future.         

We have seen worse.

"Finance Minister Nirmala Sitharaman...said the country's economic fundamentals are strong, and compared to other emerging market economies, the Indian rupee is 'absolutely going fine' against the US dollar." DH. "The Finance Ministry's March Monthly Economic Review noted that economic activity remained robust up to February, supported by strong supply- and demand-side indicators, resilient domestic consumption, and sustained public capital expenditure." But, the Chief Economic Advisor V Anantha Nageswaran warned that "signs of moderation are beginning to emerge as shocks from the Israel-Iran conflict ripple through the economy." ET. "The #Lockdown is trending across India on social media platform X, with users expressing anxiety." and "some posts draw parallels with the 2016 demonetisation, others show long queues outside petrol pumps, fueling concerns of panic buying." ET. On 8 November 2016, the same day our BFF Donald Trump won his first term as President by defeating Hillary Clinton (wikipedia), Rs 1000 and Rs 500 notes were banned, as "Prime Minister Narendra Modi gave only four hours' notice that virtually all the cash in the world's seventh-largest economy would be effectively worthless" (BBC). This led to very long queues outside banks (shutterstock.com) and some died of heart attacks while waiting to exchange old notes for new ones (TNIE) probably due to stress. At 8 pm on 24 March 2020, Mr Modi announced a stringent lockdown with just 4 hours notice (cbc.ca), when there were only 519 confirmed cases of coronavirus with nine deaths at the time, causing great hardship for the citizens of India (BBC). In panic, people crammed into shops to buy essentials (The Quint), which could have spread the virus to a larger peopulation. As migrant workers lost their jobs and all public transport stopped, millions of families with little children were forced to walk hundreds of miles back to their villages, sleeping by the roadside and surviving on food and water from local people. TOI. The government did nothing. Following lockdown, from April 2020-January 2021, India's combined merchandise and services exports were $394.96 billion, 10.89% lower than $443.24 billion in the same period in 2019-20, while combined imports were $400.84 billion in 2020-21, 22.10% lower than $514.57 billion in 2019-20. Trade deficit fell from $71.33 billion to $5.88 billion. pib.gov.in. When Russia-Ukraine conflict started in February 2014 (wikipedia) there were predictions of a rise in inflation as supplies of oil, fertilizers and minerals would be adversely affected (grm.institute). In the event, India's exports to Russia increased from $1.8 billion in 2011-12 to $3.3 billion in 2021-22, while imports increased from $4.8 billion in 2011-12 to $9.9 billion in 2021-22. Trade with Ukraine increased from $3 billion to $3.4. India Exim Bank. Taking advantage of deep discounts offered by Russia, India imported crude oil worth $144 billion since the start of the conflict. NDTV. Covid lasted two years. Ukraine conflict is still ongoing. Yet, after only one month of the Iran conflict people are hysterical. Collective idiocy?        

There is no problem.

"Strong growth, low inflation and robust foreign exchange reserves will help India tide over the disruptions caused by the West Asia war, even as the energy crisis has made investors nervous, according to Ben Powell of BlackRock Investment." Mint. As a result of the nervousness, "Foreign investors are withdrawing funds from India at an unprecedented pace. In the 27 days of March alone, foreign portfolio investors sold equities worth over $13 billion (Rs 1.1 trillion), the largest monthly outflow on record." The rupee has fallen from Rs 83 per dollar in early 2024, and from 90.95 on 27 February 2026, to 94.65 per dollar on 30 March 2026. Ind Tod. Prof Ashima Goyal felt that, even with oil at $100 per barrel, India was in a "good space". "What we need to understand is if you deflated it by the GDP deflator or the consumer price index, then this $100 is equal to $56 today," and economic growth will be 7% in FY27 and 6% in FY28, she said. FPI "outflows in FY26, at $16.4 bn, are the highest in 28 years," "India is likely to have BoP (balance of payments) deficit for 3 successive years beginning in FY25 (before Gulf conflict), and possibly a capital account and current account deficit for the first time since 1991," and "India's goods and services trade deficit has expanded at $110 billion from $90 billion in the first 11 mths of current fiscal," wrote Soumya Kanti Ghosh. However, our macro fundamentals are strong so a Brics+ currency, instead of the dollar, and India's SFMS (Structured Financial Messaging System), possibly instead of the SWIFT, or Society for Worldwide Interbank Financial Telecommunication (wikipedia) should manage the crisis. "India's central bank, the Reserve Bank of India (RBI) has proposed that BRICS countries link their respective official digital currencies to facilitate cross-border trade financing and tourism sector payments," to bypass the dollar. IDN. If digital currencies are linked how will the RBI manage the rupee's exchange rate? "The RBI's unorthodox move to steady the rupee by forcing banks to unwind foreign exchange positions beyond $100 million will prevent its slide towards 95," but "The move will also cause banks with large open positions to lose money." TOI. How can the RBI force private, and even foreign, banks to incur losses? Can banks sue the RBI? In 1991, the RBI had to pledge 47 tons of gold with the Bank of England and 20 tons with the Union Bank of Switzerland to raise $600 million and the Government of India required an emergency loan of $7 billion from the International Monetary Fund to deal with a BoP crisis. wikipedia. In the week ended 20 March 2026, the RBI sold gold worth $13.495 billion so that India's foreign exchange reserves dropped by $11.413 billion to $698.346 billion. whalesbook. In addition, the Finance Minister Nirmala Sitharaman expects the RBI to transfer Rs 3.16 trillion as dividend this year. MC. Will the RBI sell more gold to obey the FM? With assembly elections in Assam, West Bengal, Kerala and Tamil Nadu in one month's time (wikipedia), the government has cut excise duty on petrol and diesel by Rs 10 each, to keep retail prices unchanged, but has imposed a Rs 21.5 tax on exports of diesel and a Rs 29.5 on exports of aviation turbine fuel (ATF). newsonair.gov.in. Goodbye foreign oil companies. Before Bihar Assembly election in 2025, Prime Minister Narendra Modi transferred Rs 10,000 to bank accounts of 7.5 million women in Bihar at a cost of Rs 75 billion. pib.gov.in. Subsidies and cash transfers cost the Union government Rs 6.33 trillion in 023-24, up from Rs 2.76 trillion in 2018-19, wrote Aditya Sinha. Women of West Bengal, Kerala and Tamil Nadu may be expecting Rs 15-20,000 from Mr Modi before the elections. Sell more gold. No problem.       

Is RBI selling gold?

"India aims to attract USD 100 billion in investment and expand explorations acreage to 1 million sq km by 2030," as "India pitched a USD 100 billion upstream investment roadmap and positioned itself as a major destination for global capital at an outreach event on March 24, even as industry leaders warned of geopolitical risks and a complex energy transition." ET. Companies capable of such large investment may be government owned such as Saudi Aramco (Saudi Arabia), Total (France), Gazprom and Lukoil (Russia) and CNPC (China), while ExxonMobil, Chevron, Shell and BP are publicly owned with no government control. Quora. Offshore exploration is very expensive. So, will the government be able to change taxes at will, as it does at present? "The government...cut excise duty on petrol and diesel by Rs 10 per liter each," to keep retail prices constant, incurring a revenue loss of Rs 1.70 trillion if it lasts the full financial year. HT. At the same time, "India has reintroduced windfall taxes on fuel exports, setting a levy of Rs 21.50 per liter on diesel and Rs 29.50 on Aviation Turbine Fuel (ATF), according to a government order." ET. The Indian government has earned in excess of Rs 40 trillion from higher taxes on fuel since 2015 (ppac.gov.in) which has been a huge contribution to its revenue. While foreign companies may not care how India taxes its citizens, they will definitely object to any windfall tax as that will adversely affect their profits. "India's foreign exchange reserves declined by $11.4 billion to $698.3 billion for the week ended March 20, according to RBI data." "The fall was primarily driven by a sharp drop in gold reserves, even as foreign currency assets posted gains during the period." cnbctv18.com. The price of gold has dropped from an all-time high of $5,589.38 per ounce on 28 January 2026 (cbsnews.com) to around $4,538 this morning (in. investing.com). Although the government and the Reserve Bank of India (RBI) are mum, is it possible that the RBI has sold $13.495 worth of gold from our reserves? "This liquidation outpaced a $2.127 billion rise in foreign currency assets, indicating the RBI may be using gold to manage external pressures or currency defense." "Analysts point out that the RBI's significant forward dollar commitments reduce the real availability of foreign currency assets, potentially pushing effective reserves below vital levels. The RBI's intervention in the spot market to support the rupee, estimated at tens of billions of dollars since late 2024, have limited its capacity to save reserves." whalesbook.com. Remittances from the Gulf, which contribute 38% to total remittances, could fall, putting further pressure on the rupee, according to SBI Funds Management. ET. Will India go bankrupt? It's time the 'godi (lapdog) media' (wikipedia) does what it is supposed to do. Inform the people. The truth.    

Freebies are doubly free.

"The Delhi government has scrapped its plans to procure two air-conditioned boats for VIPs and VVIPs at a cost of Rs 62 million and suspended two senior officials involved in the procurement, minister Parvesh Verma said." HT. The two boats were to be fully air-conditioned, with "a premium aesthetic look with concealed LED lights and ambient lighting", and "customized business class push-back VIP seats" "made of vegan leather with exquisite stitching". HT. It is good to know that our tax money was for "premium aesthetic look" of "vegan leather with exquisite stitching" and not for some proletariat eyesore. Members of Karnataka Legislative Assembly (MLAs) demanded free VIP tickets for Indian Premier League (IPL) cricket matches, with Congress MLA Vijayanand Kashappanavar "asserting that legislators are 'VIPs' who cannot be expected to queue like ordinary citizens." So what if, "Eleven lives were lost during last year's RCB victory celebrations, and despite multiple inquiries, there has been no closure, no accountability, no punishment." DH. Karnataka state assembly has a total of 224 seats (prsindia.org) and the Karnataka State Cricket Association has promised to provide 2 free tickets to each member as well as "a separate stand in the stadium". News18. Tamil Nadu is to hold elections to its assembly on 23 April 2026 (wikipedia), and so "AIADMK general secretary Edappadi K Palaniswami promised to distribute free refrigerators for all rice ration card holders," double "the monthly cash distribution for women from Rs 1,000 to Rs 2,000 and a one-time relief of Rs 10,000 to cushion the impact of rising prices." Free bus travel for men, same as women. TOI. Get elected by promising freebies and then use that for extorting free tickets for cricket matches. Costs nothing to the politician. So truly free. Meanwhile, "Over the past decade, a silent crisis has been unfolding in middle-class India." Because "borrowing has surged at an unprecedented rate," so that "Indians now carry one of the highest debt burdens in the world, excluding mortgages - surpassing even consumption-heavy economies like the US and debt-fuelled growth stories like China." "Today, non-housing household debt as a percentage of GDP stands at 32% in FY25," and "For borrowers caught in this cycle, the mathematics are brutal: Nearly 40% of annual income is now consumed by debt servicing alone." The Print. Citizens have to suffer in enforced silence because, "The Ministry of Home Affairs (MHA) is now able to directly ensure takedown of news, analysis, comedy, satire or commentary (loosely dubbed as 'content') from the internet." !,11,185 items were blocked in 2024-25, at an average of 290 per day. The Wire. Free freebies as bribes for votes. Free freebies for politicians. No worries - it's doubly free. Citizens will be censored. At 290 per day.    

Can't stop now.

Iran has laid down conditions for ending the war. A complete end to US and Israel's aggression, payment of compensation for damages, ending war on every resistance group and recognizing Iran's sovereignty over the Strait of Hormuz. NDTV. Apparently, Iran is drafting a new law to charge a toll on every ship that passes through the Strait of Hormuz. Zee News. These conditions should be totally unacceptable for any nation on earth. 'Ending war on every resistance group' means that terrorist groups like the Hezbollah, Hamas and the Houthis will have a free hand to to attack any country without the fear of reprisal and Iran can charge punitive toll on ships of any country that disagrees with it. "The latest assessments from both Israel and the United States suggest that Iranian Supreme Leader Mojtaba Khamenei is alive," but "The balance of power appears to favor the Islamic Revolutionary Guard Corps (IRGC), rather than Khamenei himself." The IRGC is controlling Khamenei. jpost.com. The IRGC position seems to be that, having killed up to 30,000 unarmed protesters in just two days in January 2026 (Time), they are willing to fight indefinitely regardless of how many Iranians are killed or how ordinary citizens suffer. They are probably encouraged by US News media, which admire Iran's strength and the way it has blocked the Strait of Hormuz (CNN), while taunting US capabilities under President Donald Trump. If Iran controls the Strait of Hormuz it will be controlling Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar and United Arab Emirates (UAE) because all their trade must pass through the Strait. Map. Except Iraq, with Arab Shias making up about 60% of its population  (wikipedia) and Bahrain with 51% Sunni and 49% Shia (wikipedia), all other countries have large Sunni majorities. It is impossible to imagine that Sunni Arab states accepting domination by Shia Persians. It is no wonder that Saudi Arabia's Crown Prince Mohammed bin Salman has been urging Trump to continue the conflict. TOI. Saudi Arabia has built a 1200 Km pipeline from its oilfields in the East of the country to its Red Sea Port of Yanbu which is now loading tankers. ET. Problem with that is that Yemen is at the outlet from the Red Sea into the Indian Ocean and the Houthis may target ships to support Iran. The other solution would be to build a canal to connect the Gulf, from near Kuwait through Saudi Arabia and Oman, to the Indian Ocean like the Suez Canal, which connects the Red Sea and the Mediterranean  through Egypt and the Panama Canal which connects the Pacific and Atlantic Oceans through Panama (Britannica). But that would take years and cost hundreds of billions of dollars. Finally, "In numerous ayat of the Qur'an, Allah makes clear." that "But whoever deliberately slays a committed Muslim, his requital shall be Hell, therein to abide; and Allah condemns him, and will reject him and will prepare for him awesome suffering." Crescent. Since the IRGC and Basij (wikipedia) are already condemned by Allah just wipe them out. Or supply AK47 guns and RPGs to the protesters and teach them to use them. At least they can defend themselves against IRGC and Basij psychopaths. Must win against Iran. Or else, the Gulf will be closed forever.