Thursday, April 16, 2026

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. 

Wednesday, April 15, 2026

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.   

Monday, April 13, 2026

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.             

Saturday, April 11, 2026

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.              

Friday, April 10, 2026

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.    

Thursday, April 09, 2026

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.   

Wednesday, April 08, 2026

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.