Indian prime minister has claimed that Congress should learn patriotism from Mudhol hound which is part of Indian army. PM has not mentioned Rahul's name. But Rahul had gone to JNU then. The truth about the slogans that were supposed to have been shouted as claimed by PM are yet to be unraveled. Who shouted those slogans is still a mystery.
His party tells us at times, that one should learn patriotism from tanks, and some other time, from some other object. Indian army also has horses.PM may as well issue an order that one should learn patriotism from horses. It is not good for a democracy if someone in power ridicules the opposition in this manner.
This is not the first time that PM is resorting to such statements. Globally too there are instances. The future of democracy of a country is at stake is a certainty, if those who are in power ridicule the opposition in this manner. There is a certain pattern of targeting the opposition in this country. Even investigative agencies and IT agencies are being used to sustain this. This too is common in many countries.
Yet, A PM is a PM. He speaks and wins the elections. But the world keeps asking questions about his work. Our PM speaks and wins the elections; hence we should assume that talking is his job.
Now he has spoken about Mudhol Hounds, let’s learn something about these hounds. It is amazing to see how much research our PM undertakes not to speak about his poll promises. Hats off to his team.
So, we looked at Wikipedia. One should be cautious about this Wiki information. Mudhol hounds are also called Caravan dogs. Anyway, it has nothing to do with the magazine, “CARAVAN” that published reports on Justice Loya’s death. I hope even PM had no such intention. According to Wiki, in Deccan every household rears Mudhol hounds. These are used for hunting and guarding.
In 2005 India Post has brought out a Rs. Five postal stamp , which bears the image of this hound. However other Indian hounds like Himalayan Sheep hound, Rampur Hound, Rajapalayam breed too have appeared in the stamps. If someone from Modi’s team were to be in the lazy team of Rahul, he would have googled and declared that Congress Govt had brought this stamp on all these hounds precisely for that reason. But Rahul’s team doesn’t have such a person.
According to Wikipedia, Nobody knows how these central Asian breed reached the Deccan plateau of India. As the PM has spoken about these hounds some organizations may as well link this dog to Babar.
Mudhol hounds are found in Karnataka, AP and Maharashtra. But hounds from Karnataka are more popular. A taluk too bears the same name. The erstwhile Chieftain of Mudhol Raje Saheb Maloji rao Ghorpade was instrumental in popularizing this breed.
This breed was popular among the tribals. Ghorpade had found that tribals use this hound for hunting. These dogs don’t bark.
When he was in England in 1900, he had gifted a pair of Mudhol Hound to King George V. they became famous because of this.
Last year six Mudhol hounds were recruited to Indian army. They were the first Indian breed to be recruited for Indian army and they were trained in Meerut.
How patriotism can be learnt from these hounds is something I don't understand. However, will German Shepherd which is popular with army for a long time, be called a traitor now?
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Mumbai, Nov 7: The rupee slipped 1 paisa to close at a fresh lifetime low of 84.32 against the US dollar on Thursday, as weak domestic equities and sustained foreign fund outflows dented market sentiment.
Forex traders said investors were also cautious ahead of the US Fed meeting outcome. Moreover, overnight gains in crude oil prices also weighed on the local unit.
However, a correction in the dollar index against major currencies helped the rupee and restrained the slide, they added.
At the interbank foreign exchange, the rupee opened at 84.26 against the US dollar. During the session, the local currency touched a high of 84.26 and a low of 84.38. It finally settled at 84.32, a loss of just 1 paisa against its previous close.
On Wednesday, the rupee depreciated 22 paise to close at an all-time low of 84.31 against the US dollar.
The rupee touched fresh record lows again on the back of weak domestic equities and sustained FII outflows. However, the softening of the US Dollar index from Wednesday's highs cushioned the downside, forex traders said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.22 per cent lower at 104.86.
Brent crude, the global oil benchmark, fell 0.32 per cent to USD 74.68 per barrel in futures trade.
"We expect the rupee to trade with a negative bias on overall strength in the US Dollar on the back of Donald Trump’s victory in the US Presidential elections and FII outflows. However, softening of commodity prices amid easing geopolitical risk premium may support the rupee at lower levels," said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
Any intervention by the RBI may also support the rupee at lower levels. Traders may take cues from weekly unemployment claims data from the US and FOMC meeting decisions. The Bank of England's monetary policy decision is also due.
"With Asian currencies down, US Dollar up, and yields up, the RBI does not have any option but to allow the rupee to fall to ensure that REER remains competitive for our exports.
"If the FOMC is a bit hawkish in its tone or does not cut rates today or says it will not cut in December, then we could see another fall in rupee to the extent of 84.50," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
BoE and FOMC are expected to cut interest rates by 25 bps. USD/INR spot price is expected to trade in a range of 84.15 to 84.60, Choudhary said.
In the domestic equity market, the 30-share BSE Sensex fell 836.34 points, or 1.04 per cent, to close at 79,541.79 points, while Nifty declined 284.70 points, or 1.16 per cent, to settle at 24,199.35 points.
Foreign institutional investors (FIIs) were net sellers in the capital markets on Thursday, as they offloaded shares worth Rs 4,888.77 crore, according to exchange data.
"Importers need to be covered for any imports to be paid in November and for December should buy any dip near 84. Exporters are likely to book on every uptick of 25 paise after watching the markets," Bhansali said.