@vikatan 8/10. Excellent work done on things under his ministries need to do more. When compared to the legend Kalaignar, Stalin hasn’t reached his heights but doing his best, so is Udayanidhi he has miles to go ahead but as of now he is doing gr8. Considering he is he nxt in line.
*BIG BREAKING *
the People's #Bank of #China suddenly announced that the digital RMB (Renminbi, Chinese Yuan) cross-border settlement system will be fully connected to the ten ASEAN countries and six Middle Eastern countries, which means that 38% of the world's #trade volume will bypass the SWIFT system dominated by the US dollar and directly enter the "digital RMB moment". This financial game, which The #Economist called the "Bretton Woods System 2.0 Outpost Battle", is rewriting the underlying code of the global economy with blockchain technology.
While the #SWIFT system is still struggling with the 3-5 day delay in cross-border payments, the #digital #currency bridge developed by China has compressed the clearing speed to 7 seconds. In the first test between Hong Kong and Abu Dhabi, a company paid a Middle Eastern supplier through digital RMB. The funds no longer went through six intermediary banks, but were received in real time through a distributed ledger, and the handling fee dropped by 98%. This "lightning payment" capability makes the traditional clearing system dominated by the US dollar instantly look clumsy.
What makes the West even more frightened is the technical moat of China's digital currency. The blockchain technology used by the digital RMB not only makes transactions traceable, but also automatically enforces anti-money laundering rules. In the China-Indonesia "Two Countries, Two Parks" project, Industrial Bank used digital RMB to complete the first cross-border payment, which took only 8 seconds from order confirmation to funds arrival, 100 times more efficient than traditional methods. This technical advantage has enabled 23 central banks around the world to actively join the digital currency bridge test, among which Middle Eastern energy traders have reduced settlement costs by 75%.
The deep impact of this technological revolution lies in the reconstruction of financial sovereignty. When the United States tried to sanction Iran with SWIFT, China had already built a closed loop of RMB payments in Southeast Asia. Data shows that the cross-border RMB settlement volume of ASEAN countries exceeded 5.8 trillion yuan in 2024, an increase of 120% over 2021. Six countries including Malaysia and Singapore have included RMB in their foreign exchange reserves, and Thailand has completed the first oil settlement with digital RMB. This wave of "de-dollarization" made the Bank for International Settlements exclaim: "China is defining the rules of the game in the era of digital currency."
But what really shocked the world was China's strategic layout. Digital RMB is not only a payment tool, but also a technical carrier of the "Belt and Road" strategy. In projects such as the China-Laos Railway and the Jakarta-Bandung High-Speed Railway, the digital RMB is deeply integrated with Beidou navigation and quantum communication to build a "Digital Silk Road". When European car companies use digital RMB to settle freight through the Arctic route, China is using blockchain technology to increase trade efficiency by 400%. This virtual-real strategy makes the US dollar hegemony feel a systemic threat for the first time.
Today, 87% of countries in the world have completed the adaptation of the digital RMB system, and the scale of cross-border payments has exceeded 1.2 trillion US dollars. While the United States is still debating whether digital currency threatens the status of the #US #dollar, China has quietly built a digital payment network covering 200 countries. This silent financial revolution is not only about monetary sovereignty, but also determines who can control the lifeline of the future global economy!
This is very big news It means De-dollarisation in a big way. It can completely re-set the world
சர்வதேச அரைமண்டை சங்கிகளுக்கும்
ஒன்றிய மங்குணி சங்கிகளுக்கும்
தமிழ்நாட்டு சகுணி சங்கிகளுக்கும்
இந்தப் பாடலை ஒலிபரப்புகிறோம்...
கேட்டு வெறிகொண்டு குரைக்கட்டும்! 😂😂😂
மன்மோகன் சிங் எனும் சகாப்தம்...
✅உலகின் தலைசிறந்த நிதியமைச்சர்களில் ஒருவர்.
நவீன இந்தியாவின் சிற்பி.
✅1991 களில், இந்திய தீவிர பொருளாதார சிக்கலில் இருந்தபொழுது, அப்போதைய பிரதமர், திரு. நரசிம்ம ராவ், இவரை நிதியமைச்சராக நியமித்தார்.
அப்போதைய நிலை:
India's fiscal deficit was close to 8.5 per cent of the gross domestic product, the balance of payments deficit was huge and the current account deficit was close to 3.5 per cent of India's GDP. India's foreign reserves barely amounted to US$1 billion, enough to pay for 2 weeks of imports, in comparison to US$600 billion today.
கல்வித் தகுதி
✅ M.A. (Economics), Punjab University, Chandigarh, First Class with first position in the University.
✅ Economics Tripos (First Class Honours), University of Cambridge, U.K.
✅ D.Phil, Nuffield College, University of Oxford, U.K.
கொண்டுவந்த திட்டங்கள்:
✅ Licence ராஜ் ஐ ஒழித்தது.
✅ இந்திய ரூபாயின் பணமதிப்பை 19% குறைத்து, ஏற்றுமதிக்கு உயிரூட்டி, இந்தியாவின் Foreign Exchange Reserves ன் மதிப்பை கூட்டியது.
✅ அயல் நாட்டு நிறுவனங்களுக்கு அனுமதியளித்து, அதன் மூலம் latest தொழில்நுட்பம், வேலைவாய்ப்புகள் பெருகிட வழி வகுத்தது.
✅ வங்கிகளை அரசின் கட்டுப்பாட்டிலிருந்து, ரிசர்வ் வங்கியின் கட்டுபாட்டிற்கு மாற்றியது. இதன் மூலம், இந்தியாவின் பெரு நிறுவனங்களை, புதிய வங்கிகள் (HDFC, ICICI, IDBI போன்ற) தொடங்க அனுமதித்தது.
✅ Statutory liquidity ratio (SLR) வை 38.5% லிருந்து, 25% ஆகவும், Cash reserve ratio (CRR) வை 15% லிருந்து 10% ஆகவும் குறைத்து, வங்கிகளின் கடன் மூலம் நாட்டில் பணப்புழக்கத்தை அதிகரித்து, வளர்ச்சிக்கு வழிவகுத்தது.
✅ MGNREGA (2005) - National Rural Employment Guarantee Act (NREGA)
✅ RTI
✅ National Rural Health Mission (NHRM)
✅ AIIMS, IIT, IIM மற்றும் பிற ஒன்றிய அரசு கல்வி நிறுவனங்களில் பிற்படுத்தப் பட்டவர்களுக்கு 27% இட ஒதுக்கீடு.
✅ Right to Education Act (RTE) - 2009
எட்டு புதிய IIT க்கள்.
✅ Unique Identification Authority of India (2009)
விளைந்த நன்மைகள்:
✅ In 2007, India achieved its highest GDP growth rate of 9% and became the second fastest-growing major economy in the world.
✅ கல்வி மற்றும் வேலைவாய்ப்பை அதிகரிப்பு.
✅ அந்நிய செலாவணி $450 billion வரை அதிகரிப்பு.
வகித்த பதவிகள்:
🔹 Delhi School of Economics, University of DelhiHonorary Professor (1966)
🔹 Chief, Financing for Trade Section, UNCTAD, United Nations Secretariat, New York 1966
🔹 Economic Affairs Officer 1966
🔹 Economic Adviser, Ministry of Foreign Trade, India (1971–1972)
🔹 Chief Economic Adviser, Ministry of Finance, India, (1972–1976)
🔹 Honorary Professor, Jawaharlal Nehru University, New Delhi (1976)
🔹 Director, Reserve Bank of India (1976–1980)
🔹 Director, Industrial Development Bank of India (1976–1980)
🔹 Board of Governors, Asian Development Bank, Manila
🔹 Secretary, Ministry of Finance (Department of Economic Affairs), Government of India, (1977–1980)
🔹 Governor, Reserve Bank of India (1982–1985)
🔹 Deputy chairman, Planning Commission of India, (1985–1987)
🔹 Secretary General, South Commission, Geneva (1987–1990)
🔹 Advisor to Prime Minister of India on Economic Affairs (1990–1991)
🔹 Chairman, University Grants Commission (15 March 1991 – 20 June 1991)[5]
🔹 Finance Minister of India, (21 June 1991 – 15 May 1996)
🔹 Member of Parliament in the Rajya Sabha (1 October 1991 – 14 June 2019)
🔹 Leader of the Opposition (India) in the Rajya Sabha (1998–2004)
🔹 Prime Minister of India (22 May 2004 – 26 May 2014)
🔹 Member of Parliament in the Rajya Sabha (19 August 2019 – Present)
திரு மன்மோகன் சிங்கின் பதவிக்காலத்தில், இந்தியா வேகமாக வளருவதை கண்கூடாகப் பார்த்ததில் ஆகச்சிறந்த சந்தோஷம் எனக்குண்டு.
Liberalization மட்டும் இல்லையென்றால், இந்தியாவில் பல கோடி பேர் இன்று IT/Manufacturing துறைகளில் வேலைவாய்ப்பு பெற்றிருக்க முடியாது - நான் உட்பட.
அவரது Rajya Sabha பதவிக்காலம் முடியும் இத்தருவாயில், ஆழ்மனதிலிருந்து அவருக்கு எனது நன்றிகளை காணிக்கையாக்குகிறேன்.
Yes Sir. You are Right. History is being kinder to you now and the fruits of your schemes are enjoyed by millions even now and for the upcoming centuries.
🙏🙏🙏🙏🙏🙏🙏
I purchased an iPhone 12Mini from day 1 I’m facing heating issues during calls & using apps, have made n-number of calls to Apple support and 3 times visited store they say this issue is there from 11series. Then y do u sell a defective product? @tim_cook@Apple#dontbuyiphone12.
The Indian women's hockey team scripted history on Monday by qualifying for the Olympic Games semifinals for the first time, beating three-time champions Australia by a solitary goal
#TokyoOlympics#Tokyo2020#Olympics#Hockey
https://t.co/93LvjIW0pM