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Archive for June, 2010
Indian Currency to have a symbol like dollar and euro
Jun 24th
The Indian rupee is all set to join the elite club of major currencies — dollar, euro, pound sterling and yen — to have a unique identification symbol, with the Union Cabinet expected to take a call on the matter on Thursday.
The proposal, said to be prompted by the growing influence of the Indian economy in the global arena, involves a shortlist of five symbols for the Indian rupee drawn up the finance ministry, reflecting the Indian ethos and culture. Sources pointed out that the Cabinet was expected to give its nod to a symbol reflecting the Devnagari (Hindi) alphabet standing for “R” with two lines (number 2 in the given images).
The rupee is only referred to by the abbreviation ‘Rs’ or ‘Re’ or sometimes as INR while major foreign currencies have their own distinct symbols, in addition to their abbreviations — USD etc. The same abbreviated forms — ‘Rs’ or ‘Re’ — are also used in neighbouring countries such as Pakistan, Nepal and Sri Lanka.
The decision to have a symbol for the Indian rupee was taken by the government last year. The finance ministry wanted the symbol to represent the historical and cultural ethos of the country and called for entries from the public.
The five shortlisted designs are simple, easy to write and are designed to appeal to the Indian and international community. The shortlisted designers were asked to present their designs to a seven-member jury, comprising officials from the government and RBI and representatives from institutes like National Institute of Design, Lalit Kala Akademi, J J Institute of Applied Art and Indira Gandhi National Centre.
Pakistan 10th most failed state of the world
Jun 22nd
Just three places below Afghanistan, Pakistan has been ranked the 10th most failed state in the 2010 Failed State Index released by the prestigious Foreign Policy magazine on Monday.
The list is topped by Somalia, followed by Zimbabwe, Sudan, and Chad.
India is ranked 87 in a list of 177 countries. In India’s immediate neighbourhood, Burma has been placed at 13, Sri Lanka (22) and Nepal 25. China is ranked at 57th place. Norway is ranked at the bottom of the list.
“Shattered Somalia has been the No.1 failed state for three years running, and none of the current top 10 has shown much improvement, if any, since FOREIGN POLICY and the Fund for Peace began publishing the index in 2005,” it said.
“Altogether, the top 10 slots have rotated among just 15 unhappy countries in the index’s six years. State failure, it seems, is a chronic condition,” the magazine said.
The magazine said Somalia saw yet another year plagued by lawlessness and chaos, with pirates plying the coast while radical Islamist militias tightened their grip on the streets of Mogadishu.
“Across the Gulf of Aden, long-ignored Yemen leapt into the news when a would-be suicide bomber who had trained there tried to blow up a commercial flight bound for Detroit,” it said.
Afghanistan and Iraq traded places on the index as both states contemplated the exit of US combat troops, while already isolated Sudan saw its dictator, Omar Hassan al-Bashir, defy an arrest warrant from the International Criminal Court and the war-ravaged Democratic Republic of the Congo once again proved itself a country in little more than name, the magazine said. [See original story]
Got married on 15th May 2010
Jun 3rd
Hi Friends!
I just got too much into my happiest moments of life with my family and near-n-dears. Now I am back again. I got married on 15th May 2010 with my lovely fiance Meenakshi and enjoying the new chapter with full swing.