Showing posts with label World. Show all posts
Showing posts with label World. Show all posts

Thursday, 8 January 2015

5 strange Things Banned around the world …

World is seriously Surprising, some governments, some ideologies can sometime make very strange laws, to protect "the sacredness". While browsing the internet I found some very strange facts about certain countries. Video Games and Consoles are banned in China & Denmark, Emo dresses are banned in Russia, Jasmine Flower is banned in China; and the list continues.

Below I have listed 5 most fascinating "bans" around the world, and obviously I didn't went around the world to find these, So Evidently Source is Internet.

Denmark - No New Baby Names: Denmark’s government has interestingly very stringent laws for New Born Child Names. They have currently a list of around 24,000 names, just out of which a parent can select name for their Newbie born. In case you want to keep some other name, you have to seek government permission for an exception. Denmark has even banned fortified snacks.



Singapore - Chewing Gum is Banned: In Singapore, a student would never find a chewing gum under his desk or on his bench. The government has banned import or possession of Chewing Gum since early nineties. According to Government Spokesmen, Chewing Gums result in “Littering & Vandalism” [A point well taken, being an Indian I can observe that very well]. Also government claims that, before the ban, subways had been delayed because people used to stuck gum between carriage  doors, preventing them from closing.


Australia - Porn Featuring Small Breasts: [Sorry to write this, but it’s indeed surprising] According to Australian Government, If you are an Adult Women in Australia with a cup breasts, You Do Not Exist. OR If you are man who likes to watch Porn of Women with small breasts, you secretly love child Porn. Actually the logic is to illegalize “Child Porn”, for that Australian Classification Board has actually banned many such movies in which women Breasts doesn’t seemed like 18 year Old.



China - Reincarnation without prior consent: Has this law been in India, we won’t be having so many Dharm Gurus, and “Godmen”. China’s government has issued strict laws, that Reincarnation of some God or Faith is illegal without Prior Consent to the government. Although this is government’s own way to take over Tibetan Buddhists by trying to rule over one of their most sacred beliefs. This is also one of the reasons Why Dalai Lama is not allowed in China.



Saudi Arabia - Valentine’s Day: I personally don’t like people who put any kind of restrictions on Love. In Saudi Arabia, Valentine’s Day is banned, because it is believed that it’s against Muslim Beliefs. Although the country has a huge Black Market of products that are sold on Valentine’s day on around 5 times the original price.



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Friday, 18 July 2014

BRICS'14 summit: Rise of a New Empire

What is BRICS? About BRICS'14 summit? How it will affect India and the world ! 
BRAZIL, RUSSIA, INDIA, CHINA, SOUTH AFRICA


What is BRICS ?
BRICS stands for an acronym of 5 major emerging economies of the world, Brazil, Russia, India, China and South Africa, formed to build better global economic ties among all five nations, so that they can grow together and compete with various developed economies. The group was formed in 2008 and was initially coined as "BRIC", before the inclusion of South Africa. Officially South Africa was included on 24 Dec, 2010 and attended its first summit in 2011. Today BRICS accounts for 27 per cent of global GDP, 18 per cent of global tradeThe term, "BRICS", was coined by economist Jim O'Neill in his publication, Building Better Global Economic BRICs.

BRICS'14 summit
It was the 6th BRICS summit, inaugurating the second cycle of BRICS summits, as one summit has already been hosted by each nation, hosted in Fortaleza, Brazil. The theme for this summit was "Inclusive Growth: Sustainable Solutions”, in order to simultaneously achieve growth, inclusiveness, protection and preservation among all the 5 nations.

  • Leaders Participating in this summit were: 
  1. Dilma Rousseff, President, Brazil
  2. Vladimir Putin, President, Russia
  3. Jacob Zuma, President, South Africa
  4. Xi Jinping, President, China
  5. Narendra Modi, Prime Minister, India




  • Fortaleza Declaration: This declaration consisted of 72 points which was formulated and signed by all the leaders representing their respective countries. To read all the 72 points one can refer to the Ministry of External Affair's website, However, few major points of the declaration have been enlisted below:
  1. BRICS have strongly condemned terrorism in all its forms and manifestations, in the declaration, and stressed that there can be no justification for any acts of terror based on ideological, political or religious issues.
  2. The declaration has several points regarding the acts of violence in Afghanistan, Iraq extending support to their governments.
  3. BRICS have shared views and commitment to international law and to multilateralism.
  4. BRICS warn to minimize negative spillovers of monetary policy from advanced economies.
  5. BRICS want to raise their economic cooperation to a qualitatively new level, so that the members can develop inclusively.
  6. BRICS announce the signing of an agreement to establish the New Development Bank.


  • BRICS New Development Bank: BRICS nations launched a $100 billion development bank and a Currency Reserve Arrangement (CRA), marking their first remarkable step since the formation of BRICS group. Few features of the bank are as follows:
  1. Indian will have the presidency of the bank for the next 6    years with headquarters in Shanghai, China.
  2. India's presidency will be followed by Brazil and Russia and they will have a 5 year term each.
  3. A CRA worth $100 billion will be formed, that will help countries to deal with short-term liquidity pressures, for which China will contribute the largest amount at $41 billion, followed by India, Russia and Brazil with $18 billion each and South Africa with $5 billion.


"The agreement towards setting up the BRICS New Development Bank is a significant step. I am happy the initiative announced in 2012 in Delhi has become a reality," Prime Minister of India, Mr. Narendra Modi said.
This summit and its credentials are being termed as the "Rise of a New Empire" due to the remarkable establishment of the New Development Bank. The European banks and the economy are going through a very bad phase in such conditions if three of the world's fastest growing economies, India, China and Brazil can make influential foreign ties and provide a healthy market for investors, then they can not only have a sustained business market but can reduce the dependency on EURO banks to a large extent.

Analysts say that Indian rupee can be the most used currency in the world within a decade, in such conditions forming a sustainable macroeconomic model can be very helpful in the inclusive growth of all the 5 nations as they constitute almost half of the world's population and carry one fifth of the world's trade.

The BRICS bank will be lending money from the common fund to developing countries who are otherwise completely dependent on funding agencies like the IMF(International Monetary Fund) and the World Bank, which are greatly dominated by the West. According to the declaration, "the purpose of the bank was to mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging and developing economies." Rousseff said, "It will help contain the volatility faced by diverse economies as a result of the tapering of the United States' policy of monetary expansion. It is a sign of the times, which demand reform of the International Monetory Fund (IMF)."

Now the success of the New Development Bank and the BRICS nations will highly depend upon their co-ordination, if they can form a sustainable economic model in order to provide a better market to the investors rather than falling in unnecessary border disputes with the fellow members.



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