Cyprus in a glimpse

Initially, Cyprus was a part of Greece. The history of Cyprus takes us back to the battle of Lepanto in 1571 where Ottoman empire (which later turned as Turkey) conquered it. This is how Cyprus became home for Greeks and Turks.

By 1930, it was populated with two-thirds of Greeks and one-third of Turks. Since 1878, it was one of the British colonies. This rule split them on the basis of nationality and ethnicity. Many political organisations were blamed for assassinations upon the ethnic lines. After a 4 year war, Cyprus gained independence from Britain in 1960. But so much was lost, colonial tensions outlived and hatred gained roots tightly.

In 1974, when Greece military coup in Cyprus for annexation, heavily armed troops of Turks invaded and captured one-third of Cyprus before U.N. intervened and declared a buffer zone with ceasefire.

Since then, The Republic of Cyprus is virtually divided as Greek Cypriots and Turkish Cypriots, which is only determined by Turkey (even EU and UN consider it to be The Republic of Cyprus as one nation). This is often called as Northern Cyprus.

In 2015, the new President of Northern Cyprus ” Mustafa Akinci” declared for a new policy for peace. Hope Cyprus finds out its way towards harmony and enlighten other nations to live with togetherness and tranquility.

 

 

 

DESPITE FLAWS DEMOCRACY IS THE BEST BET FOR OUR CIVILIZATION !!!

Democracy is the worst form of government except for all those other forms that have been tried from time to time, Winston Churchill made this a remarkable statement in the history. Different ages have gone under umpteenth forms of government and political systems but democracy is not just about it. Democracy in a civilization is a social-cultural evolution which is yet to establish in various parts. It is skeptical to us albeit has universal appeal.

The diversity and complexity within the several  states and nations have restrained democracy up till now. As our nation, where people’s origin , their linguistics, culture, religion and traditional norms are sundry, stands today with sovereignty and integrity representing democracy nevertheless reflects drive for more of it.

Various democratic institutions are speeding up to grow into democracy but are they heading towards right path, is hard to say. Seeming the scenario of societal problems, their growth, security and their reach towards development do not reflect a liberal democracy for now.

The evolution of any civilization depends upon the formations and functions of it’s institutional systems. India, as the largest democracy of the world, has social conflicts been richly diverse, vigorously articulated and audacious at the same time. There are three main spheres where democracy is being practiced social, economical and political. To sustain as a nation consensus building, patience, inclusiveness and freedom are to be demonstrated not only through institutions but through citizens as well. Such problems are visible in the actions of the Patel , the Jat or the Patidar communities rioting for reservations which shows how citizens underestimate themselves of being a part of equal opportunity and rights. Such well educated community, when strike for their rights, leave the democratic institutions baffled wandering about the rest 32.7 percent population below poverty line i.e. more than 259.5 million (21.3 % of the total population).

Another conundrum act is Naxalite-Maoist insurgency, common people turned into agitated avengers calling for democracy at the cost of innocent lives and officers which were once appointed for them ( before they turned into maoists) are now appointed against them. Their acts bring a big question on what democracy is, whom is it for, who practices it and who is credible for being it unexecuted.

Inclusivism is apprehended and seems to be a goal with greater ambition when the diversified beauty of Kashmir becomes the cause of blasts and wars instead of peace and pride.  For the call of security and claim of territory,  Kashmir as a state of people is being terrorized by the undemocratic acts. People who denounce their acts as protection which Kashmir requires, are the ones wounding it.

Yet there are some commendable progresses made since independence. India was left with full of agitated countrymen, lamenting poverty, vast number of minorities, biased history of caste, sex, race and religion, thwarted societies with no constitution to govern upon, it was an infant with no environment support around.

India marched it’s way from the list of wonders of the world with Taj Mahal to top 5 space agencies of the world with ISRO (Indian Space Research Organization). It stands at fourth in Defense and first in remittances receipts. With the biggest constitution in the world, it is practicing unity with law and order to prevent from interior threats and with valor and strength from exterior threats.

In this span, it was not easy for India to transcend it’s image from a British colony to the incredible India. Cherishing it’s history from Indus Valley Civilization to ISRO’s most cost effective mission of Mangalyaan and recent launches of ASTROSAT & INSAT-3DR, India continues to rewrite it’s name amongst the emerging nations of the world.

Since independence the adult literacy rate grew from 16.1 per cent in 1941 to 74.04 per cent at present. Average Life expectancy rate has also improved from 41.38 years in 1960 to 66.38 years in 2010. We have girls going to school and female employees now. Several cases against corruption and rights for women reflect a paradigm shift towards liberty and democracy.

70 years have gone by, the much diversified territory with it’s people have a long way ahead with an efficient experience to pursue their rights and follow duties. India, where the government is the representative of the citizens, can not lead true democracy unless the poorest citizen is taken into account while deriving and practicing reforms and policies for the growth and development. As long as life, liberty and pursuit of happiness, the three natural rights according to the code of the bill of rights, do not unite with every citizen the democratic institutions can not have a pragmatic egalitarian society. To attain one democratic ideals, democratic institutions and democratic outcomes act as three pillars of a nation.

” Our Constitution is so brilliant but had been presented to us before time. We as society need to be more mature to claim it as our ideal.”

 

 

 

 

GREXIT

As Greece exits from euro zone, it has marked a new chapter in the world history. It all started since it joined euro zone and their economy went muss in 2009. According to the data, their budget deficit was 12% of G.D.P. costing them various future loans. Unlike to repay its sovereign debt, in 2010 the austerity package ( where the taxation is high and wages are low) was introduced.

After 2 years, their budget deficit added 3% of G.D.P. and economic crisis got worsen. In few months, Greece might had debt default. To evade from this baffling, they welcomed more austerity measures by owing 240 billion euros of emergency fund to European Union and I.M.F.

So, how did actually Grexit come true?

After debt of 240 b. euros, to stabilize the crisis interest rates went higher. Banks were, capitalized by now but, not running. Therefore tax revenue fell, unemployment rose, riots began and political system disrupted. They did not just have economic crisis, also governance crisis. To fight back they had 2 options: to exit from euro zone or to default. For this solution, a referendum was passed and the decision was to be made by the citizens. After this heart throbbing moment, Greeks have made their choice. With colossal valor, Greece decided to leave euro zone and start their own currency ” Drachma”. They turned their ousting into a fickle salvation   .

How is this going to impact Greece? 

That ends the hated austerity measures, allowing Greek government to hire new workers, cut 25% of unemployment rate, leading to more inflow of money. Gradually, wages will grow up, taxation will rise and revenue will improve. Boosting their economy it would convert its euro based debt into drachma, print more currency which will lower its exchange rate versus the euro. This may reduce its debt. As it will lower the cost of exports, more tourists would attract to a lower cost vacation destination. But foreign owners would suffer losses as property will get cheaper, debasing the value of repayments in their own currency. Some banks may even go bankrupt ( reminding the case of Lehman brothers ).

Dropping drachma value could trigger hyperinflation, as the costs of imports would be sky-high. It will have hard time to attract foreign investors. The only countries hoping to lend Greece are Russia and China. Eventually, it would find itself back to where it is now. On the other hand, the value of euro itself might weaken as currency traders use the crisis as a reason to bet against it.