logo
Followers, numismatists hail Govt of India's decision to issue a coin on Ramana Maharishi

Followers, numismatists hail Govt of India's decision to issue a coin on Ramana Maharishi

Sri Ramana Maharishi was a great Indian sage known for his profound teachings on self-inquiry and inner realisation through the simple question, 'Who am I?',' writes S Navaneethan Ramanujam in his blog on Numismatics collections. Published on May 15, this blog details the Government of India's move to issue a `100 commemorative coin marking the centenary year of his ashram — Sri Ramanasramam in Tiruvannamalai.
Navaneethan says, 'The Ashram has applied for the coin under the currency division, Department of Economics of the Ministry of Finance. But it got delayed for two years — maybe the approval process took time, or the proponent might have made the payment late.'
Ramana Maharishi was well known for his spiritual journey and preached that individuals turn their attention inwards and find the true self, beyond one's body and mind. 'Maharishi was a pure soul. A coin in his remembrance is actually a proud moment for Tamilians as the Government of India is honouring a Tamilian's sage life and the spiritual path he followed,' shares IAS aspirant, Nandhini Siva, a follower of this philosopher.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nifty 50 reclaims 25,000 after nearly a month: Can bulls drive the index to 25,250?
Nifty 50 reclaims 25,000 after nearly a month: Can bulls drive the index to 25,250?

Mint

time26 minutes ago

  • Mint

Nifty 50 reclaims 25,000 after nearly a month: Can bulls drive the index to 25,250?

Indian stock market stayed higher for the fifth straight session on Wednesday, as expectations of a proposed cut in GST rates across key categories boosted hopes of a demand recovery in the economy, continuing to support the rally on Dalal Street even as the deadline for an additional 25% US tariff hike fast approaches. The five-day rally also helped the Nifty 50 reclaim the psychological 25,000 mark, closing at 25,050, gaining 0.23% The index was last seen at this level on July 24, 2025. It first crossed the 25,000 mark in August 2024 and later scaled 26,000 to register an all-time high of 26,277. The muted performance of India Inc. in the June quarter, which failed to justify expensive valuations, coupled with heavy selling by overseas investors, had earlier dragged the index lower. Weakening trade relations with the US, after Washington imposed 50% tariffs on Indian goods, further pressured domestic equities. However, steady inflows from domestic institutional investors limited the downside and helped the index recover from a three-month low earlier this month. Amid concerns that higher tariffs could hurt economic growth, the government's proposal to cut GST on major items lifted investor sentiment, triggering a fresh wave of buying, allowing the index to comfortably hold above all its key moving averages. According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 witnessed a largely positive session, closing above the 25,000 mark. He noted that sentiment is likely to favour the bulls, as the index has sustained above the 21 EMA for the past three sessions, with put writers outnumbering call writers for the first time in several days. He expects the index to remain a 'buy on dips' as long as it holds above 24,800, while resistance is seen at 25,250, above which gains could extend towards 25,500. Echoing a positive outlook, Hardik Matalia, Derivative Analyst at Choice Equity Broking, pointed out that Nifty is now comfortably holding above all its key moving averages, reflecting a firm underlying trend. On the downside, he highlighted immediate support at 25,000, followed by 24,800, while resistance lies at 25,100 and 25,200. On the derivatives front, he added that the highest Call Open Interest is concentrated at the 25,100 and 25,200 strikes, indicating key resistance zones, while the highest Put Open Interest is at 25,000 and 24,900, suggesting strong support levels. This setup implies that the 25,000–25,100 range will be crucial for Nifty's near-term movement, with a breakout on either side likely to dictate the next directional trend. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Brics rising: The unintended consequences of Trump's tariff strategy
Brics rising: The unintended consequences of Trump's tariff strategy

First Post

time29 minutes ago

  • First Post

Brics rising: The unintended consequences of Trump's tariff strategy

In standing firm, India not only asserts its sovereignty but also signals a larger shift in the global order, where nations of the Global South are increasingly unwilling to be coerced into choosing sides in conflicts not of their making Donald Trump's return to the White House carried with it the grand promise of ending the war in Ukraine within days, a claim that was as theatrical as it was unrealistic. Seven months on, that promise has collided with the reality of international politics and the stubbornness of Vladimir Putin. Trump's failure to extract even a temporary pause in hostilities from Moscow is not merely a diplomatic shortcoming; it reflects his inability to distinguish between showmanship and statecraft. STORY CONTINUES BELOW THIS AD Red-carpet receptions and personal overtures cannot substitute for hard-nosed negotiation and long-term strategy. The very idea that Putin—who has staked both his domestic legitimacy and Russia's global posture on the war—would simply concede ground because of Trump's famed 'art of the deal' was a misreading of history and power. The war in Ukraine is not a real estate transaction that can be clinched over a handshake; it is a geopolitical struggle with deep historical roots, and treating it as otherwise was bound to end in failure. This failure also highlights a consistent pattern in Trump's political praxis: the reduction of complex global problems into spectacles of personality and improvisation. His handling of trade wars, marked by a cavalcade of tariffs against adversaries and allies alike, displays the same misplaced faith in unilateral gestures. Tariffs were announced and withdrawn like a magician pulling rabbits from a hat, with little thought to the long-term economic consequences for America or its partners. In the same vein, his diplomacy with Putin rests on the assumption that intimidation mixed with personal charm can resolve conflicts that are, in fact, structural and historical. Such an approach not only undermines America's credibility but also erodes the very fabric of international cooperation. Trump's method of reducing diplomacy to impulsive theatrics has made foreign policy a stage, but one where the curtain rises to reveal more chaos than resolution. The ongoing strain in India-US trade relations only reinforces the hollowness of Trump's transactional approach to diplomacy. His willingness to dangle punitive tariffs on Indian exports—while casually offering to hold them back in exchange for India's supposed cessation of Russian oil imports—reveals not a strategy but a bargaining tactic better suited for a casino floor than a negotiation between sovereign nations. STORY CONTINUES BELOW THIS AD The irony, of course, is striking: while lecturing India on its trade with Moscow, Trump himself could not justify America's continued import of Russian uranium and fertilizers, dismissing the question with a characteristic shrug of ignorance. This double standard not only undermines Washington's moral high ground but also alienates a critical partner in Asia. For India, whose agricultural and dairy sectors remain the backbone of rural livelihoods, acquiescing to Washington's demands would not be ideal. Thus, what emerges is not the 'art of the deal' but the art of bluster—policies that neither secure American interests nor respect those of its allies. It is evident that Trump's displeasure with India stems from its outright refusal to endorse his unsolicited claim of brokering a ceasefire between India and Pakistan during Operation Sindoor, a rejection that undercut his self-fashioned image as a global dealmaker. In retaliation, the use of steep tariffs and selective economic pressures on New Delhi appears less like coherent policy and more like bullying tactics, designed to remind India of America's leverage. STORY CONTINUES BELOW THIS AD It is quite telling that both economists and seasoned strategists in the United States have spoken with one voice in denouncing Trump's tariff gambit against India. Jeffrey Sachs, a renowned economist and professor at Columbia University, sharply criticised Trump's tariff decisions, calling them a mere pressure tactic against New Delhi and warning that such steps risk undoing years of progress in India–US relations. He went further to describe the duties as 'bizarre' and 'self-destructive,' highlighting how they damage America's own foreign policy interests. John Bolton, a veteran foreign policy hawk who served as National Security Adviser during Trump's first administration, also criticised Trump, arguing that penalising India for its oil trade with Russia—while sparing China for doing the same—was a serious strategic miscalculation. He warned that this selective targeting could push India closer toward the Beijing–Moscow axis, calling it an 'unforced error' that undermines America's broader geopolitical goals. Bolton's warning likely carries a deeper strategic charge: by punishing India over Russian oil while overlooking China's larger energy ties with Moscow, Washington signals that its ire is selective—and New Delhi reads selectivity as unreliability, not leverage. India's purchases of discounted Russian crude have reached or neared record levels and are central to its inflation management and refining exports; coercive tariffs would mean hardening India's resolve to keep that lifeline and to hedge more visibly with Moscow. STORY CONTINUES BELOW THIS AD In that light, Bolton's 'unforced error' critique is less a quip than a diagnosis: tariff theatrics that cancel talks and demand farm-sector concessions don't align with America's Indo-Pacific aims and could push India to double down on strategic autonomy in ways that tilt the balance toward a de facto Moscow–Beijing–Delhi accommodation. What emerges from these developments is an intriguing paradox: Trump, in his quest to arm-twist partners through tariffs and unilateral dictates, may be inadvertently contributing to the consolidation of a stronger Brics. Brazilian President Luiz Inácio Lula da Silva recently declared in Brasília, 'I will not call Trump because he does not want to talk. I will call Xi Jinping, I will call Prime Minister Modi. I just won't call Putin, because Putin can't travel right now.' This statement, coming in the wake of Washington's sweeping 50 per cent tariff on Brazilian imports, reflects not only Lula's refusal to engage with Trump but also his intent to reaffirm Brazil's standing by strengthening ties with leaders of the Global South. Lula's words carry weight because they signal a deliberate pivot: choosing to prioritise dialogue with Beijing, New Delhi, and other power axes, while sidelining Washington. When placed against the backdrop of rising tariff disputes and diplomatic rifts, the remark suggests that Trump's approach may inadvertently be encouraging deeper solidarity within Brics, giving it not just economic heft but also fresh political significance as an alternative pole in global affairs. STORY CONTINUES BELOW THIS AD The Chinese foreign ministry recently remarked that India and China, as 'major developing countries and important members of the Global South,' should embrace a 'cooperative pas de deux of the dragon and the elephant as partners helping each other succeed,' according to Global Times. In this context, and amid India's escalating tariff tensions with the United States, reports suggest that Prime Minister Narendra Modi may soon announce the resumption of direct flights between India and China, with a formal deal expected during his visit to Tianjin for the Shanghai Cooperation Organisation summit at the end of August—his first trip to China in seven years. This combination of rhetorical warmth and concrete steps toward engagement reveals Beijing's desire to recalibrate its strained ties with New Delhi. For China, fostering a working relationship with India not only bolsters its standing in the Global South but also adds strategic depth to Brics at a time when US trade policies are alienating both nations. For India, the outreach presents both an opportunity and a dilemma: while closer economic ties with Beijing could strengthen its leverage against Washington, they also risk complicating its long-standing concerns over security and territorial disputes. STORY CONTINUES BELOW THIS AD South Africa, the only African member of Brics and a nation that counts the United States as its second-largest trading partner, has now been slapped with steep 30 per cent tariffs by the Trump administration—the highest imposed on any African country. This move not only strains Pretoria's economic ties with Washington but also risks accelerating its pivot toward the Brics framework, where it already finds solidarity with other economies similarly targeted by US trade measures. Instead of pulling South Africa closer, Trump's tariff offensive may well push it deeper into the Brics fold, reinforcing the bloc's cohesion against perceived US unilateralism. The warmth between Russia and India scarcely needs restating, given the long history of strategic trust between the two nations. Even amidst the current tariff struggle with the United States, External Affairs Minister S. Jaishankar's recent visit to Moscow underscored the resilience of the partnership, while National Security Adviser Ajit Doval hinted that President Vladimir Putin may soon travel to India. These developments reaffirm that New Delhi and Moscow continue to nurture their ties, regardless of shifting pressures from Washington. STORY CONTINUES BELOW THIS AD The bottom line is clear: Washington must rethink its approach. First, tariffs are no panacea for America's economic woes. As Nobel laureate Joseph Stiglitz has pointed out, Trump's tariff proposals are a deeply flawed attempt to revive US manufacturing, hurting partners abroad while doing little to address the structural issues at home. Second, it need not play the role of an unsolicited arbitrator in regional disputes and then bristle when its efforts go unacknowledged. And third and finally, the era of bullying the Global South into compliance through the threat of tariffs is rapidly fading—India, like any sovereign nation, will pursue its own interests, and America's conflict with Russia cannot simply be imposed on others. Prime Minister Narendra Modi, in his Independence Day address, underlined this very resolve, declaring that India was prepared to bear the cost of US tariffs rather than compromise its autonomy. His message was clear: India's economic and strategic decisions will not be dictated by external pressures, no matter how formidable, but will be guided by its own vision of growth, security, and global engagement. In standing firm, India not only asserts its sovereignty but also signals a larger shift in the global order, where nations of the Global South are increasingly unwilling to be coerced into choosing sides in conflicts not of their making. The writer takes special interest in history, culture and geopolitics. The views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect Firstpost's views.

'Want To Make India Game Development Capital': Centre On Online Gaming Bill
'Want To Make India Game Development Capital': Centre On Online Gaming Bill

NDTV

time29 minutes ago

  • NDTV

'Want To Make India Game Development Capital': Centre On Online Gaming Bill

New Delhi: The government wants to make India the 'game development capital of the world' and hopes the proposed Promotion and Regulation of Online Gaming Bill, 2025 - tabled in the Lok Sabha Wednesday afternoon - will set the country's game development industry on that path. The intent is clear, S Krishnan, Secretary of the Ministry of Electronics and Information Technology, told NDTV. The bill creates a category for 'safe' online games, i.e., e-sports and online social games, and the development of these will be backed by the government. It also cracks down on money-based games and gaming platforms offering gambling opportunities, including poker, rummy, and other card games, arguing these lure people with false promise of large and quick payouts and lead to financial and emotional distress. The point of difference between these two categories - i.e., 'skill' vs 'chance' - has been a grey area for quite some time, allowing some operators to cloak gambling games as 'skill-based'. "One of the issues that came up repeatedly in meetings with the gaming sector is clarity on classification. Parts of the sector believe some people and platforms are causing financial and social distress, related to addiction, and that are tarred by association," Mr Krishnan told NDTV. "One part of the gaming industry is doing that whereas another is more positively oriented... in terms of gamification creative content development. That portion needs to be encouraged. For that, a clear delineation needs to be made and has been offered in this bill..." he said. Mr Krishnan also said concerns over online money games, or online gambling platforms, had been flagged by political leaders from different parties, including those from the opposition. "The point here is between 'skill' and 'luck'... this grey area was used to argue what suited operators in different jurisdictions. But there are no game of pure chance... that is like a coin toss, and the outcome should be 50-50. That doesn't happen in these games," he explained. NDTV Explains | Everything You Need To Know About Online Gaming Bill 2025 The proposed bill highlights concerns over addiction to games, fraud by operators and developers, and inconsistences in state laws regarding gambling. It also proposes stricter oversight of platforms, particularly those offering real-money games, such as poker. Sources said people who play these games are victims (and) will not be punished... but there will be action against those who run real money gaming platforms, facilitate transactions, etc. Last week, in connection with a federal investigation into illegal betting apps - which masquerade as 'a game of skill' to appear different from gambling games, which are outlawed by Indian laws - sources told NDTV this 'market' is worth Rs 8.3 lakh crore and is growing at 30 per cent annually.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store