Showing posts with label united states. Show all posts
Showing posts with label united states. Show all posts

Thursday, May 21, 2020

Iran excuses new US endorses as 'unprofitable and monotonous'

The United States on Wednesday forced endorses on a few Iranian specialists, including the inside pastor, blaming them for participating in genuine instances of human rights misuse.



Iran excused on Thursday new US endorses on a few Iranian authorities, saying they were an indication of the total wastefulness of Washington's past approvals on the Islamic Republic, state TV detailed. 

"Washington's pointless and dreary approvals against Iranian authorities is an indication of shortcoming, sadness and disarray of the US organization," state TV cited Iranian Foreign Ministry representative Abbas Mousavi as saying. 


The United States on Wednesday forced endorses on a few Iranian specialists, including the inside clergyman, blaming them for taking part in genuine instances of human rights misuse.

The US Treasury Department said Interior Minister Abdolreza Rahmani-Fazli provided orders approving the Law Enforcement Forces (LEF) of Iran to utilize deadly power in light of against government dissents in November, prompting the murdering of nonconformists, including in any event 23 minors. 

Several youthful and regular workers Iranians rampaged on Nov. 15 to challenge the administration's choice to expand fuel costs. The fights turned political, with demonstrators consuming pictures of senior authorities and approaching administrative rulers to step down. 

Iran's top power, Supreme Leader Ayatollah Ali Khamenei, impugned the distress as a "hazardous intrigue" by Iran's adversaries. 


A resistance site said in January that at any rate 631 individuals were executed during the distress and London-based Amnesty International said in excess of 300 individuals had been slaughtered. 

The two records have been excused by the Islamic Republic, which presently can't seem to give a loss of life. The Iranian legal executive has condemned many dissenters to long terms in jail.

Tuesday, May 19, 2020

Economic Meltdown!



The great depression started in 1929 and it took world months to overcome this crisis. Beginning from United States, It was a severe economic depression, major cause of this depression were few, for e.g 

(1) Income inequality was increasing
(2) After effect of World war-1
(3) Severe drought hit the US and Canadian prairies
(4) The Smoot-Hawley tariff act

Initially it was implemented with the intention of protecting US companies but the nature of tax was such that it forced other Nations to stop exporting goods to the US. So the effect was that it further reduced production and revenue of all such firm. Several measures were taken but great depression of 1929 defied all. To end this crisis Nations finally relied on Keynesian economics, It says government should increase demand to boost growth, It supports the expansionary fiscal policy, advocates spending on infrastructure, education and unemployment benefits. Although it had some shortcomings (for e.g it increases inflation) but it worked well and somehow world economy could revive. In present scenario COVID-19 has created similar situation before the world. However reason of this slowdown is different, now to boost demand, Nations across the world is again depending upon Keynesian school of economics. Taking cue from others, Government of India also announced 20 lacs crore stimulus package. But why even this gigantic relief package could not cheer up Sensex and Nifty? Economists are disappointed that no significant measures to boost consumption and infrastructure in 20 lakh crore package were taken, small amount will come from government spending, this package included liquidity measures which was already announced by the RBI. 

Economic situation of Indian economy looks grim and GOI has to react now. But what should be the next course of action??

Abhinav Anand


The author is a practicing advocate at Delhi High Court. Views expressed are his personal.
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