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| Turkey Protests |
| 2013.06.19 00:27:34 | |
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A protester wearing a Guy Fawkes mask stands along with others during a silent protest at Taksim Square in Istanbul June 18. A Turkish man, Erdem Gunduz, has staged an eight-hour silent vigil on Istanbul's Taksim Square, scene of violent clashes between police and anti-government protesters in recent weeks, inspiring hundreds of others to follow his lead. [Reuters] Tags: Turkey-Protests | Turkey | Anatolian Agency | Ankara | Istanbul Hits: 113 | Read more... |
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| Turkey Protests |
| 2013.06.18 22:54:23 | |
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The main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu said that Turkey's reputation had increased as a result of "youth's cry for freedom". "Our youth won. (Prime Minister) Recep Tayyip Erdogan lost," Kilicdaroglu added in an address to his party’s parliamentary group at the assembly on Tuesday. Erdogan earlier defended the police crackdown and use of pepper spray on Gezi Park protesters. “In fact, our police have successfully passed the test of democracy,” he said. Tags: Turkey-Protests | Turkey | Anatolian Agency | Ankara | Istanbul Hits: 104 | Read more... |
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| Turkey Protests |
| 2013.06.18 22:53:50 | |
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Police in Turkey have carried out raids and arrested 85 people following the anti-government protests across the country. Turkish Interior Minister Muammer Guler said 62 people had been detained in Istanbul, Turkey's biggest city, and 23 people had been detained in the capital Ankara. Al Jazeera's Hashem Ahelbarra reporting from Istanbul, the biggest city of the country, says detained people are accused of damaging public property and inciting violence. According to the government sources, they are from far-left groups. Turkish Prime Minister Recep Tayyip Erdogan earlier said that protests were hijacked by marginal groups who has a radical agenda for destabilising the country. Meanwhile, Ankara Governship released a statement saying that one person lost his life and 381 people were injured during the anti-government protests in the Turkish capital. "Among the injured people, 133 of them are policemen," Ankara Governship announced. Tags: Turkey-Protests | Turkey | Anatolian Agency | Ankara | Istanbul Hits: 109 | Read more... |
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| Turkey Protests |
| 2013.06.18 22:53:11 | |
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Turkish police raided multiple addresses in several cities across the country on Tuesday, detaining dozens of people following more than two weeks of anti-government protests. The state-run Anatolian Agency said 25 people had been detained in the capital Ankara, and "many" in Istanbul, Turkey's biggest city. Turkish news reports say police is carrying out raids and detaining people suspected of involvement in violence against police during the protests. Tags: Turkey-Protests | Turkey | Anatolian Agency | Ankara | Istanbul Hits: 102 | Read more... |
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| Turkey Protests |
| 2013.06.18 10:50:58 | |
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A man emulating Turkish choreographer Erdem Gunduz by standing on Taksim square for a lone protest is arrested by Turkish police June 18, 2013. Gunduz had stood for several hours unnoticed before his presence on the flashpoint square went viral on the social network Twitter. Hundreds of others in solidarity decided to join his protest. Turkish police intervened clearing the square arresting several demonstrators. Tags: Turkey-Protests Hits: 140 | Read more... |
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| Turkey Protests |
| 2013.06.18 03:43:52 | |
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A group of photojournalists hold a banner, reading: "You can't arrest the information, free Daniele", in front of the Turkish Embassy in the center of Rome. Italian photojournalist Daniele Stefanini was arrested by Turkish police on June 16 in Istanbul while covering anti-government protests. [AFP] Tags: Turkey-Protests Hits: 173 | Read more... |
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| Turkey Protests |
| 2013.06.18 00:44:57 | |
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Riot police are spraying water cannon and tear gas in Istanbul to disperse pockets of protesters on the sidelines of a demonstration called by labour groups. Two major labour confederations called strikes and protests across Turkey on Monday in support of activists critical of Prime Minister Recep Tayyip Erdogan. Police ousted the activists from Istanbul's Gezi Park over the weekend. Monday's sweep by police on the side streets off Taksim Square comes hours after the interior minister warned that anyone joining unlawful demonstrations would "bear the legal consequences." Meanwhile, images from Dogan news agency showed crowds of government supporters facing down some protesters. Some chanted "the hands targeting the police should be broken." [AP] Tags: Turkey-Protests Hits: 166 | Read more... |
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| Turkey Protests |
| 2013.06.17 23:28:19 | |
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Turkey's currency, bonds and stocks fell again on Monday as fresh clashes between police and protesters further tarnished the country's image as a haven of stability in the Middle East.
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| Iran Election 2013 |
| 2013.06.17 01:46:13 | |
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German Foreign Minister Guido Westerwelle has said his government expects Iran to do its part to help bring about a swift diplomatic solution to its standoff with the West over its disputed nuclear program. He urged Iran in a written statement to "meet its obligations to protect human rights and to strive to play a constructive role in the region.'' - AP Tags: Iran Election Hits: 213 | Read more... |
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| Iran Election 2013 |
| 2013.06.17 01:45:49 | |
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Iran's Revolutionary Guard has declared its willingness to co-operate with president-elect Hassan Rouhani. "We announce our comprehensive readiness for interaction and co-operation with the next administration in the framework of legal duties and assignments,'' the Guard said on its webpage on Sunday. Later in the day state TV said Rouhani met Iran's Supreme Leader Ayatollah Ali Khamenei, who has final say on all state matters, for the first time since the election. The report said Khamenei offered "necessary guidelines'' to Rouhani but did not elaborate. The outward displays of co-operation by Iran's establishment reflect its desire to close the political rift caused by unrest over disputed election results in 2009, and signal to world leaders that the ruling clerics are not publicly standing against Rouhani's call for outreach and dialogue with the international community. - AP Tags: Iran Election Hits: 186 | Read more... |
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| Iran Election 2013 |
| 2013.06.17 01:45:11 | |
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Iran's newly elected reformist-backed president has said that the country's dire economic problems cannot be solved overnight,' as he took his first steps in consulting with members of the clerically dominated establishment on his new policies. Hassan Rouhani's surprise win in Friday's elections puts him in charge of an executive branch that traditionally has taken the lead in handling the economy, while nuclear efforts, defence and foreign affairs remain primarily in the hands of the ruling clerics and their powerful protectors, the Revolutionary Guard. This creates a challenge for Rouhani, as Iran suffers from more than 30 percent inflation as well as 14 percent unemployment linked to Western sanctions for Tehran's suspect nuclear program. Rouhani has called for reaching out to the international community but has little authority over the nuclear activities tied to sanctions. The semi-official ISNA agency said on Sunday that Rouhani discussed inflation and unemployment as well as possible members of his cabinet with Ali Larijani, speaker for Iran's conservative dominated parliament. "Today, we took the first step for cooperation between two branches of power,'' Rouhani was quoted as saying. Rouhani will take office in August and needs parliament to approve his proposed nominees for 18 ministries. - AP Tags: Iran Election Hits: 186 | Read more... |
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| Iran Election 2013 |
| 2013.06.16 23:50:47 | |
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The election of a moderate cleric Hassan Rouhani as Iran president signals a return of hope and reforms and that the people desire a policy of moderation over extremism, Iranian newspapers said.
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| Iran Election 2013 |
| 2013.06.16 23:48:45 | |
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In his first televised address on Sunday Iran's president-elect asked for help during his term and promised to abide by Iranian law. "[I'm proud that] the great people [of Iran], the honourable people, thought that I deserve this," Rouhani said. "They trusted me so that I can begin on the path to serve the country, to enhance people's lives and welfare, and preserve national pride and national interests. I deeply feel that I need your assistance along this path. I need you to be there. I need your cooperation." Tags: Iran Election Hits: 183 | Read more... |
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| Iran Election 2013 |
| 2013.06.16 23:47:59 | |
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Russian President Vladimir Putin congratulated Hassan Rouhani on his victory in Iran's presidential election and urged him to forge closer ties with Moscow. "Putin expressed confidence that Hassan Rouhani's work on this high post will promote the flourishing of (Russian) friend Iran and further strengthen Russian-Iranian relations," the Kremlin quoted Putin as saying in a message to Iran's president-elect on Sunday. Meanwhile, Israeli Prime Minister Benjamin Netanyahu urged continued international pressure on Iran to curb its nuclear programme after the election of a new president widely seen as a moderate. "The international community must not give in to wishful thinking or temptation and loosen the pressure on Iran for it to stop its nuclear programme," Netanyahu told his cabinet, according to a statement released by the Prime Minister's Office. Ofir Gendelman, Netanyahu's spokesperson, tweeted some of the prime minister's additional comments
— Ofir Gendelman (@ofirgendelman) June 16, 2013 [Source: Reuters, AFP] Tags: Iran Election Hits: 162 | Read more... |
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| Iran Election 2013 |
| 2013.06.16 23:47:10 | |
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Iran's stock exchange is climbing for the second continuous day following the surprise election of a reformist-backed president, Hassan Rouhani. The rise came after a night of a celebration in Tehran, with cars honking and blaring music ranging from patriotic songs to the Lambada. The website of the Tehran Stock Exchange said the market jumped 837 points by mid-morning Sunday, reaching 47,460 from its Saturday close of 46,623, almost a 1.8 percent increase. On Saturday the stock exchange index improved by 2 percent while Iran's national currency, the rial, strengthened by 9 percent against the US dollar. [Source: AP] Tags: Iran Election Hits: 162 | Read more... |
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| Iran Election 2013 |
| 2013.06.16 23:46:40 | |
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A senior Israeli official says international sanctions are still needed to pressure Tehran over its nuclear program, despite the election of a reformist-backed president. Yuval Steinitz, Israel's minister of intelligence and strategic affairs, said Sunday that there won't be any change on Iran's nuclear policy since Supreme Leader Ayatollah Ali Khamenei still runs the country. Steinitz is responsible for monitoring Iran's nuclear program. Despite Hassan Rouhani's surprise victory in Friday's election, all key decisions, including nuclear efforts, defense and foreign affairs, remain solidly in the hands of the ruling clerics and their powerful protectors, the Revolutionary Guard. [Source: AP] Tags: Iran Election Hits: 153 | Read more... |
| proloybagchi |
| Fall of the Indian Rupee |
| 2013.06.16 19:11:15 | |
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A report appeared recently of a Reserve Bank of India (RBI) study about the share in circulation of various currency denominations in 2010-11. The study effectively reflects how the value of the country’s currency unit, the Rupee, has gradually eroded. The erosion seems to have picked up pace since the economic reforms process began in 1990-91 and was, seemingly, accentuated since 2003-04. The study has revealed that in 2010-11 the share of Rs. 500 denomination bank notes “has gained significance and accounted for 47 per cent of the total currency in circulation”. These quickly emerged as the second most important denomination since 1998-99 and soon became most important denomination in 2003-04 replacing Rs 100 denomination. The report further indicated that the Rs. 100 bank notes which had a significant presence in circulation even after introduction of the Rs. 500 note lost their second position after introduction of the Rs.1000 bank notes in 2007-08 that came to account for 27 per cent of the total currency in circulation. Accounting for close to 50 per cent of the value of the total currency in circulation from 1970s to 1990s, the share of Rs 100 steeply declined to 14.8 per cent in 2010-11. Going progressively back in time, the study has traced the changes that occurred in circulation reflecting the emerging usage pattern of currency notes of various denominations since 1970s. It also reflects changes in the state of the economy over the last few decades. Rise in prices of goods and services is a problem that has been stalking the country since independence. In almost every speech since independence prominent national leaders talked of fighting this, what they called, “monster” and yet they could never put a leash on it. The prices kept moving northwards and simultaneously the smaller denominations, rendered valueless, kept falling by the way side. During the “license-permit raj”, with the so-called Hindu Rate of Growth of 3 to 3.5 per cent there used to be incremental price rises barring the sporadic bouts of high rate of inflation. The currency did lose its value but the process was gradual except during years of extraordinary stress on the economy. However, with the opening up and liberalisation of the economy in the 1990s the fall in value of the rupee gathered momentum and it picked up pace in tandem, as it seemed, with the rise in the rate of growth. The decline in the rate of growth during economic slowdown since 2008 has surprisingly failed to arrest the Rupee’s depreciation. All this is amply illustrated by the RBI study. Between 1970s and 1990s Rupees 100 notes occupied a position of significance accounting for almost 50 percent of the currency in circulation as against around 14 percent in 2010-11. Likewise the share of Rupees 10 currency notes that was pretty high before the 1970s and was around 34 percent during the decades of 1970s and 1990s progressively declined and came down to only 2 percent in 2010-11. As we all know, there has been enormous shrinkage in its value. Whereas at one time, especially during 1950s and 1960s, Rupees 10/- commanded appreciable purchasing power its value today is, perhaps not even like that of a Rupee of those times. The study also revealed that the currency note of Rupees 20 denomination that was introduced to supplement Rupees 10 currency notes remained important only until 1982-83 and constituted 8 percent of the notes in circulation. However, it lost whatever little significance it had by 2010-11 when it accounted for only 0.6 percent of the notes in circulation. Similarly, the Rupees 50 denomination currency note, introduced presumably to reduce usage of Rupees 10 and 20 notes, became second most important denomination in 1980 and 1990s. While in 1992-93 it accounted for 32 percent of the currency in circulation its importance declined in 2010-11 to an utterly insignificant position of 1.7 percent. The study has not dealt with the coins that used to be or are in use. Perhaps, it was confined to the circulation of currency notes of Rupees 10 and above. No mention has been made in the report of the currency notes of Rupee 1 and Rupees 2 and 5. Perhaps these are no longer being printed having been substituted by coins. While notes of Rupee 1 and 2 have disappeared from circulation one occasionally comes across heavily soiled Rupees 5 notes. Coins of fractions of a Rupee have long since disappeared. A cost benefit analysis led to discontinuance of minting of 1, 2, 3, 5 and 10 paise coins, eventually ceasing to be legal tender along with those of 25 paise in 2011. Though the coin of half a rupee, that of 50 paise, continues to be legal tender, it is not seen any more, having lost practically all its value. Small change has just vanished from the markets. Today’s small change is constituted by the coins of Rupees 1, 2 and 5. The recently introduced coins of Rupees 10 are not yet quite visible. Empirical studies generally reflect accurately the situation on the ground. Those of us who spent our adult life in post-independence years know how over the years the Rupee saw its value being pared down. Gone are those days of 1950s and 1960s when a seer (approximately a kilo) of grains – rice or wheat – and lentils would be available for 10 to 12 annas, from half to three quarters of a rupee and a kilo of mutton for a like amount. In those far-away days fractions of a rupee had value. One could have a meal in less than a rupee. Our next door halwai (confectioner) would sell a paav (quarter seer) of puris (about 8 puris) in 10 annas with a substantial plate of vegetables (aloo tamatar or aloo matar) on the house. I recall having had a meal off an eating joint in Agra in early 1950s in four annas comprising four chapattis with free daal, sabzi (lentils, vegetables) and delicious pickled mixed vegetables. For breakfast in a restaurant near St. John’s College we used to get an omelette of 2 eggs and 2 buttered toasts for 6 annas. Being packed with value, Rupees 1, 2 and 10 were very precious. Incomes were by and large low and so was consumption and hence what circulated more were the coins and currency of lower denominations. Even the then prestigious Civil Services commenced with only three-figure salaries, slowly progressing to four figures and retiring off officers when they came close to five figures. Today, with the steep fall in the Rupee’s value the pension of the same officers is in five figures. The prospects for the Rupee do not seem very bright, what with adverse trade balance, high current account and fiscal deficits, mounting external debts and slowing economic growth. In addition, with large scale political and bureaucratic corruption involving mindboggling sums enormous amounts of unaccounted wealth is floating around in the system pushing the demand that a weak supply network is not able to meet. The consequential inflationary pressure on the economy is most likely to further weaken the Rupee. Sinking to 57 to a dollar is a sign of weakening of the Rupee which, none would believe, was equivalent to a dollar in not-too-distant 1947. From the way the things are moving soon the RBI might find that Rs. 500 currency notes have been displaced from their prime position by Rupees 1000 notes.
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| Iran Election 2013 |
| 2013.06.16 04:58:59 | |
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EU foreign policy chief Catherine Ashton said on Saturday that she was committed to working with newly elected Iranian President Hassan Rouhani on finding a solution to Tehran's disputed nuclear programme. "I remain fully committed to working with the new Iranian leadership towards a swift diplomatic solution of the nuclear issue," said Ashton, who serves as chief negotiator for the six world powers seeking to check Iran's controversial nuclear ambitions. - AFP Tags: Iran Election Hits: 198 | Read more... |
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| Iran Election 2013 |
| 2013.06.16 04:43:52 | |
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Tens of thousands of people have taken to the streets of Tehran to celebrate the election of moderate Hassan Rowhani as president, with chanting pro-reform slogans and demanding more freedom. Large crowds were converging in main streets and squares on Saturday, as security forces and police units looked on. Thousands of cars honked their horns throughout the capital, and many people were dressed in purple, Rowhani's campaign colour. Some handed out purple balloons to the crowd. "We said no to commander, we said no to mayor, (we chose) the courageous Rowhani," people chanted. That was a reference to two defeated candidates, ex-Revolutionary Guards chief Mohsen Rezai and Tehran Mayor Mohammad Baqer Qalibaf, both hailing from the conservative camp. - AFP Tags: Iran Election Hits: 188 | Read more... |
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| Iran Election 2013 |
| 2013.06.16 03:56:25 | |
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Italian Foreign Minister Emma Bonino has said Italy hopes to launch a "relationship of renewed comprehension and constructive dialogue" with Iran after the election of its new president. "Italy trusts that, with the new government of Iranian President (Hassan) Rouhani, it will be possible to work at developing bilateral relations and begin without delay a season of renewed comprehension and constructive dialogue between Iran and the international community," she said in a written statement on Saturday. Bonino said she noted "with pleasure the proper carrying out of the presidential election in Iran." - AFP Tags: Iran Election Hits: 186 | Read more... |
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Live Blog: Turkey Protests
Protests at Taksim Square in Istanbul started after trees were torn up to make way for the redevelopment of Gezi Park. ( 16-Jun-2013 )


