What does it take to go cashless?

By Dharmarajan Krishnan,

In the past, it passed for a moment of instant fun. In shops, behind the busy payments counter, you saw this advisory on bold display: "In God we trust, others pay cash!" This was their way of telling the customer that you’d better pay for the purchase cash down, no running after in case you default! Long after those times, you are perhaps inclined to believe that the cash-only obsession has withered away. Think again!


Anti-Israel protests are futile

By Kashif-ul-Huda,

Jummah khutba: a missed opportunity

By Sheikh Khurshid Alam,

Ramadan has instilled a sense of piousness in many netizens. People keep forwarding all sorts of “Islamic messages” to all their contacts in this month. Whatsaap, Facebook, Twitter, Google+ and all those social networking sites, which you know better, are abuzz with such “Islamic messages”.

I am from northeast... but I am not Mowgli!

By Prantick Majumder,

"Does the Rajdhani Express go to Assam?" I thought I had heard something wrong. When the question was repeated, I knew I heard it right. My blood came to a boil. But my conscience got the better of me as I realised that the person may genuinely not know much about Assam.

Forebodings of great violence

By Dr. Mohammad Manzoor Alam,

The violent energies unleashed by communal politics before, during and after the elections have led to social tension that might erupt into great violence any moment. These violent energies have not yet spent themselves as is evident from reports of stray communal violence in the country.

Meaning of development

By Jaspal Singh,

According to a recent UN report,maximum number of poor people in the world live in India.So UN confirmed what ordinary people know by their experience that all the governments in last sixty seven years of India have failed them,whether in center or in different states. Poverty levels are not any better in Gujarat,about which a great deal of noise was being made in last few years and was being presented as a model of prosperity and good governance .

Privatization of justice & "Sharia courts"

By Faizan Mustafa,

The apex court in its landmark decision on 7th July, 2014 held that sharia courts are not courts as Indian legal does not recognize a parallel judicial system. In fact neither Muslim Personal Board nor seminary at Deoband ever asserted that sharia courts are ‘courts’ in the strict sense of the term. But then is it not a fact that privatization of justice is fact of life not only in India but in most developed countries? Does our law not recognize arbitration and other alternative methods of dispute resolution? Are not sharia courts and fatwas different and therefore should not be clubbed together? What has been the performance of sharia courts in last 94 years? Has not the latest decision given new lease of life to the sharia courts? are some of the pertinent issues which need critical examination.

Bank of Japan's liquidity splurge will counter US Fed taper

By Vatsal Srivastava,

One might think that the Zero Interest Rate Policy (ZIRP) era is coming to an end. The US Federal Reserve will be concluding its Quantitative Easing (QE) program by year-end and we can expect the first interest rate hike in mid-2015. The Bank of England (BoE) is sounding hawkish as is seen by the run-up in the pound over the past few months. The Reserve Bank of New Zealand (RBNZ) has already started hiking interest rates and is widely expected to raise the benchmark rate further by 25 basis points later this week. The European Central Bank (ECB) has said that it would unleash a European version of QE if deflationary threats are not overcome but there remain too many legal and political challenges for Mario Draghi to implement the QE. One has to look far east to the Bank of Japan to answer the following question: Where will the liquidity come from post the ZIRP era?


A new way of thinking about Islam

By Usama Khalidi,

A new Islam is rising in America largely under the media’s radar, which is routinely and profitably focused on the more competitively conservative, and violent, Islam of the Boko Haram of Nigeria, the Taliban of Afghanistan and Pakistan, and now the infamous ISIS, the “Islamic State of Iraq and Syria”, founders of a newly minted “Caliphate”. Consider this:

BRICS but not yet a Building

By Amit Kapoor,

The recently concluded BRICS annual summit held in Brazil resulted in the important Fortaleza Declaration and Action Plan from the leaders of Brazil, Russia, India, China and South Africa. The joint declaration has some important points that highlight the importance of this year’s summit.