“War is terrible but let’s focus on Indo-Pacific”: PM Morrison, Indian PM Modi review ties, share vision to advance relations in virtual summit

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21 March 2022 1:42 PM

People live in the present and make plans about the future without grasping their past like a ‘tree without roots. Similarly, many are sceptical about the relevance of things that happened in the past and question the practical implications of history but consider oneself without knowing your history, which is termed by scholars as like a vegetable without a past.

Therefore, if you are hungry to know about the past and have a desire to learn lessons for a better present and future, history is the cuisine to satisfy your appetite. Life without history means lacking objective, meaning, goal and vision, and it would be difficult to derive a sense of one’s life and the world that surrounds oneself will be in vain.

In order to understand the events around us, be it depicting reality in the movie ‘Kashmir Files’ or the historicity of the Russia-Ukraine crisis, it is necessary to analyse and understand the history behind any event or phenomenon.

History as a subject is opted by numerous youth that opens professional career as a history teacher in school, lecturer at tertiary level, archivist, archaeologist, museum curator, play writer, novelist, TV and media anchor, journalist, content managers, lawyers, social workers, administrators, social scientist and policy analytics, diplomats and political analyst, international relation experts, economist government jobs, writers and much more.

This op-ed explores the meaning of history, its value and its branches.

Meaning of History

E.H.Carr’s What is History? (1961) defined history as “a continuous process of interaction between the historian and his facts, an unending dialogue between the present and the past”. He compares historians’ work with that of a cook. A historian collects historical facts of significance similar to a cook who collects indigents to prepare his cuisine, takes them at home and cooks and serves them in whatever style appeals to him.

History and how to understand it; Picture Source: @CANAVA

Everything in the past is not history, only the things of historical significance, which are highlighted by historians by using historical sources selectively and bringing the story/action/event to floor for the audience. Thus, historians bring the past to life by analysing the facts. Therefore, in order to understand the present, one has to have knowledge of the past as the analysis and interpretation of history gives a vital context for evaluating contemporary institutions, politics, society and cultures.

Everything in the past is not history; only things of historical relevance are emphasised by historians by selecting utilising historical sources and bringing the story/action/event to the floor for the audience. Historians, through analysing evidence, bring the past to life. To comprehend the present, one must first understand the past, since historical study and interpretation provide a critical backdrop for analysing modern institutions, politics, society, and cultures.

History is the only field that explains historical causality, providing answers to five Ws (what occurred, who was involved, when it happened, where it happened, and why it happened) and one H (how did it happen) to create an event’s cause and effect link. It helps to understand the complex connection between continuity and change, further enhancing institutions and ideas’ origins, evolution, and perish. History acts as a laboratory in which evidence from the past is reviewed to determine why humans behaved in a specific manner in the past society.

Varieties of Discipline

History as an academic discipline saw classification during the 16^th to 19^th centuries, which became a specialised field of professional opportunity for many. There emerged a study of ancient and historical sites and artefacts (i.e. architecture, ecofact and cultural landscapes) known as Archaeology, which examines human activities through recovery and analysing the material culture.

Image source: WW1 Indian soldiers – UKPHA Twitter.

This field study is about prehistoric societies that lack written historical records and tries to comprehend the cultural history and interpret the changes in human culture across time. This involves surveying, excavation and data analysis to develop an understanding about the past.

The study of inscriptions or epigraphy, as writing; it is a science of identifying graphemes, defining their meanings, categorising their usage according to times and cultural settings, and deriving inferences about the writing and the authors is known as epigraphy.

An epigrapher or epigraphist is a person who uses epigraphic techniques, who are in charge of reconstructing, interpreting, and dating the trilingual inscriptions. An epigraph may be any kind of writing like grapheme (engraving in stones or metals), any form of writing on rocks, cast metals, precious stones, painting, and documents, on coins, inscriptional writing and others.

Another branch is the study of coins known as numismatics, which includes various currency forms like coins, paper money, currencies, medals, tokens, securities, and similar objects. The numismatists’ study of money’s physical embodiment includes economic and historical studies of money’s usage and history.

This is a broader study of money and forms of money that were used to resolve debts, exchange goods and other payment methods. Its objective is to study their physical properties, artistic values on coinage, technology and materials used for printing and minting, and historical usage. History also gives a platform to understand interdisciplinary fields like museology, archaeology, anthropology, ethnography, conservation studies and forms of fine arts.

Conclusion

History offers several sub-branches to study that can be categorised into significant branches, including political, social, economic, art, diplomatic, food, women, sciences, medicine, environmental, intellectual, cultural and others. Studying history will make one an informed citizen, critical thinker and awaken. Moreover, a variety of Professional opportunities are offered by studying history, but an aware historical person stands a better chance to understand the world’s past in the present to make the future better.

Author: Dr Sakul Kundra is an Acting Head of School and Assistant Professor in history at FNU. Views expressed are his own and not of this newspaper or his employer. Email. dr.sakulkundra@gmail.com.

Peter Malinauskas sworn in as South Australia’s 47th Premier

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21 March 2022 12:18 PM

Peter Malinauskas sworn in as South Australia’s 47th Premier; Image Shot: Video Still

South Australia’s 47th Premier Peter Malinauskas has been sworn-in after Labor’s decisive state election victory.

Mr Malinauskas took the oath of office at Government House on Monday.

Susan Close was sworn in as deputy premier and Stephen Mullighan as treasurer.

Mr Malinauskas is yet to reveal other members of his cabinet, though most who served on his front bench during opposition are expected to retain their roles.

With counting continuing, Labor looks set to hold at least 26 seats in the 47-seat House of Assembly, and is leading in two others.

One still in doubt is that of outgoing Premier Steven Marshall who is trailing his Labor opponent Cressida O’Hanlon in Dunstan.

Mr Marshall has indicated he intends to continue to serve as the local member if returned but has stepped down as Liberal leader.

New SA Premier ⁦@PMalinauskasMP⁩ being sworn in to office at Government House. ⁦@10NewsFirstAdl⁩ pic.twitter.com/K1x47tWxHr
— Alan Murrell (@AlanMurrell10) March 20, 2022

Shortly before Monday’s ceremony, he also arrived at Government House to officially tender his resignation.

Mr Marshall said he had spoken with Mr Malinauskas on Sunday to again congratulate him on Labor’s victory.

“I hope that we can continue to work together in the best interests of South Australia,” he said.

“It’s in a very good position at the moment but there’s still much work to be done.”

The Liberals should retain 14 or 15 seats but are likely to lose a number of ministers from the previous administration, including Deputy Premier Dan van Holst Pellekaan, Transport Minister Corey Wingard, Child Protection Minister Rachel Sanderson and possibly Primary Industries Minister David Basham.

Peter Malinauskas sworn in as South Australia’s 47th Premier; Image Shot: SA Government

The new parliament is likely to include five independents with Dan Cregan in the Adelaide Hills, Geoff Brock, who shifted to the seat of Stuart in the mid-north, Troy Bell in Mt Gambier and Fraser Ellis in Narungga, which takes in Yorke Peninsula, are all set to be returned.

In Finniss, independent Lou Nicholson leads Mr Basham after the sitting MP was on the wrong end of a 19 per cent swing.

Market Mantra: Is it gain before pain as Australian shares recorded their best week in 13 months

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21 March 2022 11:23 AM

Market-Mantra-Stocks; Picture Source: @CANVA

Despite no end to the war in Ukraine and a string of rate rises forecasted for the US, Australian shares recorded their best week since February last year.

Driven by gains in mining and energy the ASX 200 index gained more than 3% on the week in which the US Federal Reserve raised interest rates for the first time since 2018 and projected six more increases to come this year.

Helped by geopolitical tensions energy stocks led to the gains in Australia as crude prices rose on renewed fears of supply crunch due to growing sanctions on Russia. Paladin, Ampol, Woodside Petroleum Ltd, Beach Energy Ltd were the major beneficiaries of rising fuel prices.

Iron miners also rallied after China’s promise of a new fiscal stimulus to prop its economy boosted investor sentiment. BHP, RIO and FMG all gained on rising sentiment.

Increasing expectations of higher rates helped financial stocks improve by six per cent last week. Banks usually benefit more from higher interest rates as they can charge more.

It was gold stocks however that recorded their first loss in six weeks as investors moved towards riskier assets after chances of Russia’s default diminished.

Looking ahead ASX looks set to open higher and continue its move up on Monday after a strong session in the US on Friday. This week is a fairly quiet week for economic announcements, however, one date that will keep traders on the edge is the fast-approaching Federal Budget date on 29 March.

With economists expecting some sort of assistance arriving to help with the rising cost of living, it would be unusual if some indications and/or leaks does not start to appear this week.

The consumer confidence figures will also come out this week. It would be a surprise though if consumer confidence has not taken a hit given zooming petrol prices, floods, the Ukraine war, speculation of interest rate and the ongoing COVID19 pandemic.

Hit by interest rate hikes in the US and hopes of progress in peace talks between Russia and Ukraine the safe-haven gold recorded its biggest weekly drop since November.

Gold is fairly sensitive to rising interest rates as higher interest rates tend to raise the opportunity cost of holding non-interest paying bullion.

Media headlines of progress in peace talks between Russia and Ukraine and new financial package stimulus announcement from China also lifted risk sentiments in wider financial markets last week, denting demand for safe-haven assets.

Having said that while the current geopolitical risks and inflationary concerns remain in place the longer-term interest in gold remains intact.

Oil declined for a second week straight, its first back-to-back decline since December, as intense volatility and geopolitical risks continued to upend markets.

oil price going up; Picture Source: @Canva

Both Brent and WTI crude ended the week more than 5% down after trading in a $16 range. Prices hit 14-year highs about two weeks ago, encouraging bouts of profit-taking since then. Having said that oil seems to have found its floor above $100 a barrel with no easy replacement for Russian barrels insight in a market already marked by tight supply.

The supply crunch from traders trying to avoid Russian barrels, stuttering nuclear talks with ran, dwindling oil stockpiles and worries of rising coronavirus cases in China hitting oil demand have all combined to create a roller-coaster ride for oil prices.

The volatility in oil recently has scared many players out of the oil market, which in turn have exacerbated price swings. The output from OPEC+ producer group in February undershot targets more than in the previous month as IEA has that oil markets could lose three million barrels per day of Russian oil from April.

The agency also noted in a statement on Friday that advanced economies could curb their oil demand by reducing speed limits and encouraging the use of public transport to ease potential strains on the market.

One of the most volatile corners of the oil market has been diesel, as Russia is a major exporter of diesel to the rest of Europe. Buyers continue to treat Russian crude with extreme caution as they are worried about damage to their reputation or falling foul of sanctions.

Petrol bowser filling car; Image Source: @CANVA

As such open interest in Europe’s main diesel contract have fallen by more than half from its high last year.

The Australian Dollar was all over the place during the course of last week as we continued to see a lot of noise in both directions.

The AUD/USD pair is highly volatile to risk sentiment and also levered to commodities, this combination makes it a bit of a headache to trade the pair at the moment.

Rising interest rates in US and investor cautiousness due to geopolitical risks have provided quite a bit of US dollar strength lately, whereas a rise in commodity prices have been providing a boost to Australian currency.

The AUD/USD pair started the week lower and continued its move down reaching a low of 0.7165 on Tuesday. From there, the pair appreciated more than 3% to end the week above 0.7400.

The AUD has continued to rally against a basket of other currencies this week as the positive employment data released last week spurred fresh hopes of monetary tightening by the Reserve Bank of Australia.

Market Mantra: Representative Picture; ; Image Source: @CANVA

The number of employed workers increased by 77K in February, according to the Australian Bureau of Statistics, way above the 37K expected by the market. Last week also saw the unemployment rate drop to 4%. These figures have boosted hopes that the Australian Central Bank might consider accelerating its monetary normalisation plans, boosting demand for the Aussie.

Technically speaking the AUD/USD pair is now approaching resistance at the March 7 high of 0.7440. Once above 0.7450, the traders will be aiming for October 2021 highs of 0.7550.

On the downside, a bearish reaction from current levels might seek support at 200 SMA levels, now around 0.7300.

Last week in our report we mentioned that ex-pats from India living in Australia will be keeping a close eye to see if the local currency will go above 56.00 against the Indian currency in order to remit more money back home. That level was finally breached with the Australian Dollar closing at 56.39 against the Indian counterpart.

The Indian currency has been under huge pressure recently as high oil prices continue to hamper the nation’s growth. Last week RBI sold large quantities of foreign reserves to prevent the Rupee’s value from falling further.

The move saw India’s foreign exchange reserve fall by 9.64 billion, the most in two years. The week also saw India’s Special Drawing Rights with the IMF declined by $53 million and India’s reserve position in the IMF drop by $7 million.

The Indian rupee had plunged to a record low of 77.02 against the US Dollar, before RBI’s selling of foreign reserves helped the Rupee advance to 75.89 against the US Dollar.

Moving on to digital currencies, the crypto assets had a strong week with Bitcoin gaining 7% last week as the interest rate hike by US Federal Reserve has had a minimal effect on the market.

Ethereum too surged 14% for the week and is now inching towards $3000. While Avalanche added 22% in the last seven days. In fact, not a single top 30 currency was down over the week.

The breakout story of the week however belonged to ApeCoin. The newly launched APE token immediately took off and is already amongst the top 40 cryptocurrencies by market cap.

In a positive week for the digital assets, Meta CEO Mark Zuckerberg confirmed that NFTs will be coming to Instagram. Rumours of a potential NFT pivot have swirled since January.

Ukrainian President Volodymyr Zelensky also officially signed a law called ‘On Virtual Assets’ last week, that legalises cryptocurrency in his country, as it continues to resist Russia’s invasion.

In agricultural products, grain prices underwent major corrections after media houses reported progress in peace talks between Russia and Ukraine. After high price spikes during the previous week, the grains market took a breather as traders monitored diplomatic efforts to end Russia’s invasion of Ukraine.

More than three weeks since launching its invasion which Moscow calls a ‘special military operation’, the Russian invasion has stalled and failed to capture a single big city. A World Food Programme official however said that food supply chains in Ukraine were collapsing with infrastructure destroyed.

Grain prices have been extremely volatile since the invasion as importers are heavily reliant on supplies shipped from Russia and Ukraine through the Black Sea. It seems it will be quite a while before grain moves out of Russia and Ukraine.

As such, any fall in prices should give traders an opportunity to buy grain futures as the market is likely to consolidate at high prices until it becomes clearer how long the Ukraine crisis may last.

Author: Ateev Dang is a trader and trading coach by profession. He runs a business called Glow trades Pty Ltd where he teaches anyone interested in starting their trading journey on how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

Modi- Morrison virtual summit to be held on Monday 21 March

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18 March 2022 6:28 PM

Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi will hold the second India-Australia Virtual Summit on 21 March 2022.

Both leaders will focus on the progress made on various initiatives under the Comprehensive Strategic Partnership.

PM Morrison said in a statement, “I am pleased to announce that I will host the Honourable Mr Narendra Modi, Prime Minister of the Republic of India, for a Virtual Annual Leaders’ Meeting.”

Australia and India’s strong bilateral relationship is based on mutual understanding and trust, a commitment to democracy, and a shared vision of an open, inclusive, resilient and prosperous Indo-Pacific.

“Prime Minister Modi and I will discuss deepening our trade and investment relationship and harnessing new economic opportunities to support our mutual economic recovery and growth,”
He added.

A range of regional and multilateral issues, including the situation in Ukraine and its implications for the Indo-Pacific, and Myanmar will also be on table for discussions.

The Summit follows the historic first Virtual Summit of 4 June 2020 when the relationship was elevated to a Comprehensive Strategic Partnership.

It is expected that the both leaders will commit to closer cooperation in trade, critical minerals, migration and mobility, and education, among others.

“I look forward to reaffirming our Comprehensive Strategic Partnership and advancing our shared bilateral and regional agenda,”
said PM Morrison

Views on regional and international issues of mutual interest will also be discussed. The Summit highlights the importance attached by both countries to their bilateral relations as also their close cooperation on regional and global issues.

PM Scott Morrison and Indian PM Narendra Modi meet in Washington ahead of QUAD; Picture Source: @Twitter @MEA

This virtual summit will lay the way forward on new initiatives and enhanced cooperation in a diverse range of sectors between India and Australia.

The India-Australia Comprehensive Strategic Partnership has maintained the momentum of an upward trajectory with both countries continuing to collaborate closely, despite the Covid-19 pandemic, in wide-ranging areas including science and technology, defence, cyber, critical and strategic materials, water resource management, as well as public administration and governance.

Prime Minister Modi and Prime Minister Morrison met in Washington DC for the first in-person meeting after the Covid-19 pandemic in September 2021 on the margins of the Quad Leaders’ Summit and jointly launched the Infrastructure for Resilient Island States (IRIS) in Glasgow on the margins of the COP26 in November 2021.

Australian-Indian research team creates new model to predict the effectiveness of COVID-19 vaccines

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18 March 2022 5:10 PM

Dr Pranesh Padmanabhan; Image source: The University of Queensland

Researchers based at Australia’s the University of Queensland (UQ) have developed a new mathematical model.

With the help of this model, researchers can “predict the efficacy of COVID-19 vaccines, potentially speeding-up the development of new vaccines.”

The Queensland Brain Institute’s Dr Pranesh Padmanabhan, working with researchers from the Indian Institute of Science (IIS) has produced this model.

This research was a result of an international collaboration between the Queensland Brain Institute and the Indian Institute of Science and was published in Nature Computational Science.

Dr Padmanabhan said the research established a framework for predicting the efficacy of new vaccines against future strains of the SARS CoV-2 virus.

“The ability to predict vaccine efficacies could expedite vaccine development by helping shortlist promising candidates and minimise reliance on expensive and time-consuming clinical trials.”

Since 2020, researchers and scientists have been working hard to develop vaccines and keep ahead of its mutations.

A COVID model — COVID-19: Image Source: The University of Queensland

According to UQ, Dr Padmanabhan and his colleague analysed 80 individual antibodies from 20 studies to construct a mathematical model of SARS-CoV-2 antibodies.

Dr Padmanabhan said:

“The model we developed reliably predicted the diversity of the antibody response within and across vaccinated individuals.”

The team then analysed clinical trial data for eight major vaccines. They found a relationship between vaccine protection against SARS CoV-2 and the potential antibody response.

Dr Padmanabhan adds:

“The main predictions are the influence of vaccination on the severity of disease and the population-level protection conferred by the eight approved COVID-19 vaccines. Using this model, we aim to predict the efficacies of new vaccines against different variants without relying heavily on clinical trials.”

Prof. Narendra Dixit from the IIS said the major challenge was to understand and describe the vast variability in the antibody responses elicited by the vaccine.

“Overcoming this challenge would allow predicting the fraction of the vaccinated individuals who would generate strong enough responses to be protected from serious infection.”

Prof. Dixit further adds:

“By deducing links between the activity of antibodies, its variability, antibody generation by vaccination, and the resulting protection conferred upon populations, our study offers exciting insights into the workings of COVID-19 vaccines.”

With the help of this model, new vaccines may be able to be produced much faster by allowing scientists to “make decisions before clinical trials are over”.

QUAD fellowship open for 100 exceptional STEM minds from India, Australia, Japan and US

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17 March 2022 2:46 PM

On September 24, 2021, Quad partners Australia, India, Japan, and the United States announced the Quad Fellowship: a first-of-its-kind scholarship program designed to build ties among the next generation of scientists and technologists. Schmidt Futures, a philanthropic initiative, will operate and administer the fellowship program in consultation with a non-governmental taskforce, comprised of academic, foreign policy, and private sector leaders from each Quad country.

This program will sponsor 100 exceptional American, Japanese, Australian, and Indian master’s and doctoral students in science, technology, engineering, and mathematics (STEM) to study in the United States.

The fellowship will develop a network of science and technology experts committed to advancing innovation and collaboration in the private, public, and academic sectors, in their own nations and among Quad countries. The program will build a foundational understanding among Quad Scholars of one another’s societies and cultures through cohort-wide trips and robust programming with each country’s top scientists, technologists, and politicians.

The Quad Fellowship offers a unique combination of financial benefits, cross-cultural exchange, networking, and content programming.

Each Quad Fellow will receive a one-time award of $50,000 which can be used for tuition, research, fees, books, room and board, and related academic expenses (e.g., registration fees, research-related travel). All Quad Fellows are eligible to apply for separate demonstrated needs-based funding of up to $25,000 to cover costs related to completing graduate-level studies.

The Fellowship program has three core elements:

Pre-program: Upon selection to the Quad Fellowship, Fellows Elect will have access to a variety of virtual resources and programming designed to build connections within the cohort as they navigate the graduate admissions process

Core program: Beginning in August and extending through until the end of the academic year, Fellows will take part in a residential experience followed by virtual programming opportunities designed to deepen their understanding of topics at the intersection of STEM and society

Alumni program: Upon graduation from the Quad Fellowship program, Senior Fellows will have access to resources that support a lifelong network across cohorts and the Quad countries

Applicants must:

Be at least 18 years of age at the time of application

Be citizens or legal permanent residents of Australia, India, Japan, or the United States

Have a bachelor’s degree or its equivalent in a STEM field by August 2023

Have a demonstrated record of superior academic achievement at the undergraduate level

If applicants are currently enrolled in a Master’s or PhD program, they may apply if they will be enrolled in a qualified academic program during their time as a Fellow (i.e., August 2023 – May 2024)

The Quad Fellowship is also supported by a group of industry-leading corporate sponsors with track records of driving innovation and technological advancement.

Final decisions will be announced in October or November 2022.

For more details on the application process and required application materials, please see our Required Application Materials.

Indian-Australian truck driver Navonkar Singh to receive Commendation for Brave Conduct

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17 March 2022 10:37 AM

Indian-Australian truck driver Navonkar Singh will receive a Commendation for Brave Conduct from from the Governor-General of Australia for the courage he showed two years ago.

The Sydney-based truck driver has shown exemplary bravery at the McDougalls Hill Caltex service station on 6 December 2019.

Navonkar Singh had quickly shifted his truck away from the gas station when the cabin of his truck caught fire while fuelling. He told media:

“I jumped out of the truck to fill it up and then straight away I saw the truck had caught on fire. I started up the truck and tried my best to get it into the parking bay but in the meantime the fire just kept on spreading so there wasn’t a lot of time.”

Navonkar Singh re-entered the vehicle, and with smoke filling the cabin, he drove approximately
20 metres away from the fuel tanks until he was forced to exit.

He soon obtained some water and attempted to douse the flames, however the fire destroyed
the vehicle before emergency services arrived.

Navonkar Singh safely managed to escape the blaze which was later taken care of by Singleton 444 Fire and Rescue team members.

Singleton 444 Fire and Rescue team member Chris Taylor told the Singleton Argus:

“The driver did the right thing. He got out while getting fuel and noticed that the cabin was on fire so he attempted to move the truck forward for the safety of the station.”

The Commendation for Brave Conduct is conferred for an act of bravery that is worthy of recognition and is the fourth highest Australian Bravery Decoration.

Releasing the March 2022, the Governor-General of the Commonwealth of Australia His Excellency General the Honourable David Hurley AC DSC (Retd) observed:

“In a moment of peril, today’s recipients were selfless and brave. On behalf of all Australians, I offer congratulations and thanks. “No one sets out to be brave. No one really knows how, when presented with a dangerous situation, they will act.
The men and women that we are celebrating today acted bravely. Each of their stories is inspirational and speaks to who we all aspire to be. To recipients, wear the recognition you are receiving today with pride. We are proud of you.”

Australian Bravery Decorations recognise acts of bravery where people selflessly put themselves in jeopardy to protect the lives or property of others.

Two Australian Bravery lists are announced every year.

The independent Australian Bravery Decorations Council makes recommendations to the Governor-General regarding who should be recognised and at what level of award.

India’s Super Woman Geeta Samota climbs Australian continent’s highest peak

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16 March 2022 6:02 PM

India’s Geeta Samota has climbed atop Mount Kosciuszko ( 2,228 mts), Australian continent’s highest peak on International Women’s Day.

Any girl is stronger than the mountain she chooses to climb. More power to all the Super Women who are putting in everything to fulfil their duties.#ProudCISFGirl standing atop Mount Kosciuszko, Australian continent’s highest peak on #InternationalWomensDay.
Jai Hind!!🇮🇳 pic.twitter.com/qb6SyZpopZ
— Geeta Samota (@geeta_samota) March 8, 2022

Mount Kosciuszko is located in Kosciuszko National Park on the Main Range of the Snowy Mountains. It is part of the Australian Alps National Parks and Reserves in New South Wales.

Image source: Kosciuszko National Park – Wikipedia.

Congratulating Geeta, India’s High Commissioner to Australia Mr Manpreet Vohra tweeted:

My congratulations to @geeta_samota of #India 🇮🇳 on achieving this feat in 🇦🇺. She has scaled the highest peaks of many other continents! I met her last week in #Canberra. Confident that she will Summit Mt. Everest soon! Her parent org #CISF must be so proud. @CISFHQrs @MEAIndia https://t.co/ZtDnZ6KJUw
— Manpreet Vohra (@VohraManpreet) March 15, 2022

Geeta is a Sub Inspector in Central Industrial Security Force (CISF). She joined CISF in 2012.

Earlier, in September 2021, Geeta had became the “fastest Indian” to summit two peaks located in Africa and Russia.

She had scaled Mount Elbrus (5,642 mts) in Russia and the Kilimanjaro peak (5,895 mts) that is located in Tanzania and is Africa’s highest peak.

The Kashmir files: Is a manifestation of lived experience of Kashmiri Pandits, it documents institutionalised hate towards Hindus

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15 March 2022 4:57 PM

The Kashmir Files; Image Source: Supplied

The Kashmir Files opens with an innocuous scene of kids playing cricket in an icy landscape.

But what follows quickly leaves the viewer chilled.

Innocent, ordinary people going about their lives shot at point blank range simply for being the “wrong” religion; a kid brutally beaten for barracking for the “wrong” cricket team; ordinary housewives threatened with rape, forced marriage and conversion.

The film follows the journey of a Kashmiri Pandit family, witnessing through their eyes the brutality, the slow dismantling of the state structure, the indifference of the Indian government, the fear, the murders, the rapes, that led to the peaceful Hindu minority community having to flee their homeland.

Most of the scenes in the film are based on real-life incidents, but they are so gruesome that your mind boggles that any human would be capable of it – that too on the basis of religion.

In an inspired move, the film juxtaposes the current international narrative on Kashmir’s “freedom fight” with the events of 1990, the genocide, the ethnic cleansing of Hindus from Kashmir bringing a demographic change in the state.

Using a fictitious university, modelled no doubt on the infamous Jawaharlal Nehru University of New Delhi (India’s capital), the film’s writer presents the arguments of those who support separatism in Kashmir. Doing so raises the film above the propaganda and forces the viewer into an intellectual discussion where facts dismantle the current narrative of victimising the separatists- prevalent in the west and among a set of people in India.

Retold after a gap of about 30 years, the story of what happened to a minority Hindu community in India’s Jammu and Kashmir is all the more shocking in hindsight.

Questions come to mind:
How could such barbarity exist?
Why didn’t the then government of India do anything?
What will happen to Kashmir and Kashmiri Pandits?
Will they ever be able to return home?
And could what happen in Kashmir happen elsewhere in India or the world – and what can we do to stop it?

I will leave you with these questions because you need to find or seek answers to them.

Here is what the new generation of Kashmiri Hindus in Australia are saying about the film:

Riya Raizada, 24-year-old Australian-Indian Juris Doctor candidate at Monash University:

The cultural genocide of Kashmir is something I never learnt about despite having a direct connection to a side of my family who experienced it firsthand, and that is my own fault.

As the daughter of a Kashmiri woman who lived through the events depicted in Kashmir Files, I had a deep sense that I was being let in on a secret – a hidden part of my mother’s life. The Kashmir Files is difficult to watch, but the most necessary teachings of the world’s history often are. It is a harrowing film, and in a sold-out screening in Melbourne, it is hard to forget that it is a reality that many of the audience members would have been eyewitnesses to.

When you hear the word ‘genocide’, you think of the Holocaust in the 1940s, but you don’t think of Kashmir in the 1990s. This is due to the systemic suppression of information, the corruption of key political players at the time, and the creation of false narratives designed to conflict with history itself. Agnihotri highlighted this in his film and did not hesitate in this attempt to show the world the brutal truth of what occurred in Kashmir, what happened to Kashmir, and what happened to my relatives.

As a Kashmiri who previously had not been exposed to the reality of my own history, I am grateful that Agnihotri provided a masterclass in exposition via media – a point raised in the film itself – eventuating in The Kashmir Files. As a daughter, I am heartbroken but proud. As a law student, I am motivated and refreshed in my passion for justice. As a human being, I am disappointed in the past but hopeful for the future.

During the film, I heard the phrase ‘bilkul aisa tha’ multiple times, and this is a testament to the triumph of The Kashmir Files.

Aditi Razdan, 25-year-old Australian-born Kashmiri Pandit lawyer in Melbourne:

The Kashmir Files is difficult for Kashmiris and non-Kashmiris alike to watch. At its core, the Kashmir Files bears witness to the atrocities that Kashmiri Pandits (Hindus) experienced in 1990 when they were displaced and dispossessed from their homes in Kashmir.

For non-Kashmiris, it may be difficult to grasp the multiple intersecting stories at once unfolding on screen. The plotlines transcend generational divides, time frames and ideological dispositions. The film struggles to move smoothly between the present-day discourses on the ‘Kashmir problem’ and the historical events in 1990. It attempts to present a commentary on disinformation and misinformation, particularly in our current political climate. At times it is a coming-of-age film for its young Kashmiri Pandit protagonist, Krishna Pandit. And the film is also a brutally authentic, fictionalised account of one Pandit family’s trauma and destruction. The force of each scene required a depth of prior knowledge, which most non-Kashmiris do not have.

The film poses different difficulties for Kashmiri Pandits. We are familiar with every scene and story in the film. The characters and narratives that we watched on screen echoed the lullabies, vernacular and cries we hear in our homes. We have grown up with stories of exodus, of fleeing. We understand the helplessness and betrayal Anupam Kher masterfully conveys in his role as the elderly Pushkar Nath. Non-Kashmiri audience members were palpably shocked at the brutality on screen – massacres of entire Pandit families in villages, survivors being forced to watch their families be murdered, Pandit women being terrorised and sawed in half, a Pandit woman being forced to eat rice soaked in her dead husband’s blood. But for Pandits, these scenes were not dramatisations. They are part of our community’s memory archives – archives that outsiders have seldom engaged with.

The Kashmir Files is, at times, lacking in cohesion and storytelling. Entire historical moments, or contemporary political discourses, are ‘told’ rather than ‘showed.’ Pushkar Nath’s four non-Kashmiri Indian friends represent the multiple Indian institutions that failed, and continue to fail, Kashmiri Pandits. Pallavi Joshi, as Professor Menon, evokes the frustrating Indian intellectualism that on one hand advocates for human rights, while simultaneously silencing and erasing Kashmiri Pandits from their homeland and stories. Kashmiri Muslims are depicted mostly one-dimensionally as antagonists, a role that is shared by the negligent governments of the day. The film attempts to thread together a multitude of people and institutions who were complicit or actively involved in the trauma of Kashmiri Pandits. Evidently, the nuance behind certain characters and events cannot be adequately woven through without many more hours of footage.

But for Kashmiri Pandits, this is the first time such a powerful and graphic account of our history has been widely consumed. Of course, the ‘Kashmir problem’ is hypervisible in politics and media both within and outside India. But hypervisibility has also desensitised and distanced people from the set of unique horrors that Kashmiri Pandits saw and felt in 1990. This film goes some way in reformulating this dynamic.

Notably, the film briefly explores the rejection by judicial and institutional actors to hold an inquiry into the murders of Kashmiri Pandits and the collusion of state and violent actors in the breakdown of Kashmiri society in 1989-1990. These are two issues that should be considered by future filmmakers. More importantly, the Jammu and Kashmir and Indian governments must understand that an inquiry is a necessary first step towards healing for Kashmiris. Without this healing, the ‘Kashmir problem’ and how it affects all Kashmiris – not just Pandits – will be hypervisible and unsolved.

For my parents, who were directly affected by the exodus, their tears speak to the emotional potence of the movie more than any commentary levelled at its plot development and historicity will. I can only hope that the hours of footage and oral history interviews that

informed this film will be made available so that the personal memory archive of Kashmiri Pandits can serve as an impetus for political and institutional accountability.

Note: We would like to publish your own take on the Film. Please send it to us on email: admin@theaustraliatoday.com.au with a photo of yours.

Early interest rate rise a certainty amid rapidly evolving inflation

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15 March 2022 2:17 PM

The Reserve Bank of Australia has warned there are uncertainties about how persistent the pick-up in inflation will be given recent developments in global energy markets and ongoing supply chain problems.

In the minutes of its March 1 board meeting, the RBA said underlying inflation was expected to increase further over coming quarters before moderating as supply chain problems are resolved.

“However, the war in Ukraine and the associated increase in energy prices had created additional uncertainty about the inflation outlook,” the minutes released on Tuesday said.

The board stuck to the script of being patient before lifting the cash rate as it monitors how the various factors affecting inflation in Australia evolve.

Still, RBA governor Philip Lowe warned at a business conference last week the annual rate of inflation could reach at least four per cent and a rate rise this year was plausible.

Reserve Bank Of Australia; Picture Source: @CANVA

Some economists expect annual inflation could reach as high as five per cent compared with 3.5 per cent now.

Consumers are already feeling the pinch from petrol prices rising to more than $2 a litre, pushing inflation expectations having jumped to a near 10-year high.

The weekly ANZ-Roy Morgan consumer survey found inflation expectations rising by 0.4 percentage points to 5.6 per cent, its highest level since November 2012.

Inflation expectations can in themselves create price pressures as workers chase higher wages as compensation.

The impact on household budgets from record petrol prices has also seen consumer confidence tumble 4.3 per cent in the past week to 95.8, its lowest level since October 2020.

“Households are certainly noticing the effect of higher prices on their finances,” ANZ head of Australian economics David Plank said.

The recent spike in global crude oil prices to around $US130 per barrel as a result of Russia’s invasion of Ukraine could see further rises in petrol prices in the short term.

However, oil prices were heading back down towards $US100 a barrel on Monday.

“If the recent fall in oil prices is sustained, we would expect inflation expectations to ease,” Mr Plank said.

Meanwhile, Australia’s manufacturing industry has perked up as a result of COVID-19 restrictions easing, although the sector is still suffering labour and material shortages.

The Australian Chamber of Commerce and Industry-Westpac survey of industrial trends survey found business conditions in manufacturing improved moderately in the early stages of 2022.

Image source: Big Four OZ banks - Wikipedia. — Image source: Big Four OZ banks – Wikipedia.

Its composite index rose into expansionary territory to 56.7 points in the March quarter after the flat 50.8 result in the December quarter.

“Consumers have embraced fewer restrictions, spending more freely, providing a boost to manufacturers,” Westpac senior economist Andrew Hanlan said.

However, the sector’s current growth pace is well below the brisk expansion experienced during 2017 and 2018 when the home-building sector was in a strong upswing.

ACCI chief executive Andrew McKellar said while manufacturing remained resilient in spite of the Omicron surge, expectations have been dampened by the continued volatility in the global economy.

“International supply chain bottlenecks are producing material constraints on a scale not seen in almost 50 years,” Mr McKellar said.

“With the costs of inputs increasing at a much faster rate than prices, the Russian invasion of Ukraine and soaring commodity prices will undoubtedly lead to further pressure on manufacturers who are already being squeezed.”

Police is looking for Lovedeep Brar on sexual assault charges, Can you help?

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15 March 2022 11:32 AM

Lovedeep Brar, aged 33; Image Source: NSW Police

NSW Police are appealing for public assistance to locate a man wanted on arrest warrants, as part of South West Metropolitan Region’s Operation Persistence.

Lovedeep Brar, aged 33, is wanted by virtue of outstanding arrest warrants in relation to aggravated sexual assault.

He is described as being of Indian Sub-Continental appearance, about 175cm to 180cm tall, of medium build, with black hair and brown eyes.

Lovedeep is known to frequent the Granville area.

As police continue to conduct inquiries into his whereabouts, they are urging anyone who may have information to contact Crime Stoppers on 1800 333 000.

Operation Persistence is a region-wide operation across South West Sydney aimed at arresting individuals wanted by virtue of outstanding arrest warrants.

Anyone with information about this incident is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence. The public is reminded not to report crime via NSW Police social media pages.

Australia-India to boost critical minerals sector with new $5.8 million partnership

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15 March 2022 10:04 AM

According to the latest media release, a new investment partnership with India is set to unlock mutual benefits for both countries.

This partnership will be in Australia’s world-leading critical minerals sector.

Australia’s Minister for Resources and Water Keith Pitt said the Morrison Government has allocated $5.8 million to the three-year Australia-India Critical Minerals Investment Partnership.

Image source: Minister for Resources and Water Keith Pitt

Minister Pitt said:

“Australia and India are natural partners sharing mutual strategic and economic priorities and this partnership will support further Indian investment in Australian critical minerals projects.”

He added that it is the first of its kind and represents a step-change in how the two countries can work together to support key industries and pursue growth opportunities in this sector.

“Our combined capabilities will take on the challenge of resourcing the emerging technologies used in sectors such as defence, aerospace, automotive, renewable energy, telecommunications and agritech.”

Minister Pitt said Australia will work closely with India to identify potential critical minerals investment opportunities.

These include technical and due diligence exercises that can assist the development of a business case for prospective Indian investment in Australia.

“With our vast quantities of development-ready critical minerals projects and reputation as a reliable trading partner, Australia is a logical choice as India looks to secure its supply chains.
The partnership will encourage strong, strategic supply chain partnerships, including through technical studies that will support investment in Australian critical minerals projects.”

Population and growth experts believe that India is forecast to become the world’s most populous country within two years.

As a fast-growing economy, this growth in India will create more trade and investment opportunities for Australia.

Domestic Tourism: Sustainability Pathway

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14 March 2022 8:10 PM

Domestic Tourism: Sustainability Pathway; Image Source: Supplied

On 18^th February 2022, I had a sparkling evening at the Nadi Chamber of Commerce and Industry, to deliver a lecture by reviewing the theme of Domestic Tourism in academic literature used as a recovery and resilience strategy during a pandemic.

The theme was “Economy recovery and returning to tourism” at the event of the 2022’s first Business Forum and Celebrating Chinese New Year. The augusted audience was receptive to the ideas and took something home after the lecture.

This Oped throws light on some crucial issues of sustainability of domestic tourism during COVID-19 and its future viability. Although Fiji is a small island state, it also boosted its tourism sector by implying the “Love our Locals Campaign”, which proved successful.

COVID-19: International Tourism’s Catastrophe

Tourism is a volatile industry, as it faces many challenges. Coronavirus is a worldwide health epidemic that has produced an unprecedented catastrophe in the travel and tourism sector, internationally during the 21st century. It led to a downfall in the tourism industry, with millions of jobs lost following the suspension of international travel. That led to a loss of trillions of revenue due to the closure of national borders and lockdowns.

During a pandemic, destinations that are heavily dependent on international tourism tried to find a solution in promoting domestic tourism. Business and Political voices were pushing for the reopening of the economies. Domestic tourism promotion has been used as a recovery strategy in many countries.

Ramifications of a pandemic in the field of economic, social and health challenges were a cause of huge anxiety for nations who are dependent on tourism. They noticed the shutdown of borders, travel restrictions, national lockdowns, travel bans, cancellation of bookings, closure of businesses, bankruptcy, fall in occupancy rates and revenue, rise in unemployment and many made redundant. Tourism experts based on antecedent epidemics claimed the recovery shall take six to eight months, while others predicted it would be extended to 2021-2024. During the pandemic, international tourism was hit the hardest, and many nations moved towards domestic tourism as a recovery and survival strategy.

Domestic Tourism: Ray of Hope

The strategies of promoting domestic tourism included allowing cheap domestic flights as part of a subsidy-based recovery strategy and attracting the attention of people to opt for domestic vacations. Visitors may be enticed by low-cost stays, special deals, reduced VAT rates on tourist products, and digital advertisements. To encourage low-income travellers, give out gift cards/vouchers for use on their next business trip, and this implies “Enjoy Now and Pay Later”. Stakeholders tried to create and maintain a safe and healthy environment for both visitors and employees by using innovative methods. Tourists’ perceptions of the host country and its officials will be improved if they get vaccinations. Many nations commenced sanitation projects of the highest quality

Demand and Supply Side: Tourism Stakeholders

Tourism literature highlights risk perceptions of travellers, like the host destination’s health, hygiene, and privacy (Jiang and Wen, 2020), quality of healthcare implied [safety measures and physical distancing]. They also have a fear of contamination as a psychological factor. Here the media plays a pivotal role in developing the public opinion of a destination to travel. Travellers are also looking for the cleanliness of airports, public areas, hotels, restaurants, and other tourist sites is a top priority for travellers.

In and after the pandemic, there is a change in the Tourist psyche (Rogerson et al, 2021) that describes the rise of tourism ethnocentricism” [Individuals felt moral obligation to support the domestic tourist economy]/ “a patriotic duty”; travellers also consider ‘Home-is-safe-than-aboard Bias’ in comparison to travelling abroad.

Visitors shall be avoided in large groups and prefer less populated areas, or would prefer to visit a secure and familiar destination. Rogerson and others (2021) also described people prefer less inter-human contact, such as natural environment (Green Spaces)/ecotourism/ mountain/ green tourism and adventure tourism. There shall be a rise in preference for free spaces, air purity and water freshness.

After pandemic the mode of travel preference may also change, as there is a high perceived risk in travelling via cruise ships, air travels, public transport, so a preferred shift in mobility like private cars, motorbikes, rented cars, motor homes, self-drive tourism etc. (Rogerson et al, 2021). Future self-guided and self-driven trips may change over the group and organised tours.

Deterrents of demand-side included the affordability of tourism services by domestic tourists as they have low and less disposable income. They cannot afford to travel for leisure and pay premium prices. The pricing of tourism products needs to be reduced and subsidised to lure the local travellers. There is a need to make tailor-made domestic tour packages. If the price regulatory framework is implied, that shall motivate the local tourist to extend their stay over 1-2 days.

Supply Side on Domestic Tourism: Short Term Measures

In the perspective of supply-side/tourist managers, it has made them develop strategies that give a sense of security, satisfy the need for information and stimulate confidence. Measures like protocols are established and guidelines for the accommodation are provided in advance or through technology. Tourist managers have to determine different risks and enter requirements and establish flexible fully refundable cancellation policies to increase travellers’ confidence. There has been a use of apps for smart devices to support the digital transition.

Nations have established COVID-19 helplines for tourists, and tourists shall prefer room services in comparison to having buffets in future. Tourist stakeholders may establish clean/green and safe seals for tourist activities (Orindaru et al., 2021). The managers/stakeholders believe domestic tourism might not be sustainable as locals may not pay the premium prices.

Tourism managers see the low number of domestic tourists as a massive issue of concern. Offering discounts to tourists can motivate them to travel, but many experts believe domestic market resilience strategy is a short term measure/respite that can help the hotel to sustain for some time but cannot become a profitable business in the long run.

Other experts may have a contrary opinion. The experts in favour of domestic tourism as a sustainable mode of strategy believe the aggressive marketing among domestic tourism need to be supported by government and insurance schemes to provide access to health care away from home.

Conclusion

The research scholars believe that destination recovery should be with domestic markets and followed by regional and international tourism markets (Higgins-Desboilles, 2020). Confidence in travelling and risk perception will determine the speed of recovery.

They also believe that tourist stakeholders shall need government support (interest-free loans; provide funds for promoting domestic destinations). Domestic tourism initiatives help in mitigating perceived risk and kickstart the global tourism industry (Volgger at al. 2021). Domestic tourism strategy may be termed as short term strategy, but under pandemic, it has become the only ray of hope for existence.

Dr Sakul Kundra; Picture Source: Supplied

Disclaimer: Dr Sakul Kundra is an assistant professor in history and Acting Head of School, School of Arts and Humanities, College of Humanities and Education, at Fiji National University. The views expressed are his own and not of this newspaper or his employer. For comments or suggestions, email. dr.sakulkundra@gmail.com

Police charged ‘son-in-law’ with murder of Indian-Australian Krishna Chopra

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14 March 2022 12:26 PM

Krishna Chopra murder — Image source: Krishna Chopra - Police

A man from Pratten, Queensland, Australia, has faced court after he was officially charged with murder over the death of 61-year-old woman Krishna Chopra.

Police detectives carried out a two-month joint investigation with the Toowoomba Criminal Investigation Branch.

After this, the police arrested Krishna Chopra’s 33-year-old son-in-law Simon Jones in Warwick.

Detective Senior Sergeant Paul McCusker, from the Toowoomba Criminal Investigation Branch, told media that Mr Jones handed himself into Warwick police station.

“It has been quite a long time from the time this was reported to us. A lot of work has gone into this by a lot of police.”

Further, Detective Senior Sergeant McCusker said he believed the murder had been planned.

“I believe a domestic violence matter was part of the murder charge because of the relationship that we’re alleging between the person charged and the deceased.”

Krishna Chopra’s body was found in her Park Road home north of Toowoomba on January 31.

Police confirmed that Krishna Chopra died as a result of severe head trauma.

Police believed Krishna Chopra, who lived alone, died up to 10 days prior to the discovery.

Senior Sergeant McCusker added:

“Crows Nest is a great community with great community spirit, so to have an [alleged] murder in their community creates a lot of angst and concern.”

Mr Jones did not appear when the matter was mentioned in court. Also, his lawyers did not apply for bail when the case was heard in the Toowoomba Magistrates Court.

This case will return to Toowoomba Magistrates Court on May 20, 2022.

Market Mantra: On a decline amid inflationary risks

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14 March 2022 11:46 AM

Australian shares closed the week lower as investors remained on edge all week in the face of potential stagflation as price growth in the United States hit a 40 year high.

Inflation in the US hit a 40-year high with many analysts expecting worse to come as the spike at commodity prices due to wide-ranging sanctions against Russia will reflect more strongly in the next figures.

With the inflation rate moving extremely quickly against stagnant economic growth it has now brought stagflation into the realm of possibility.

Australian investors were also on the defensive after Reserve Bank Governor Dr Phillip Lowe warned investors to prepare for rate hikes in response to inflationary risks.

According to Brad Smoling, Managing Director of Smoling Stockbroking, investors can now expect the interest rates in Australia to move mid-year rather than the end of the year at this stage.

Financial markets have already begun wagering heavily on a first interest rate rise by June, partly due to the US Federal Reserve expected to raise lift rates this week and several other major central banks have already tightened.

The expectations helped the financials in Australia to notch 2.2% for the week to notch their best week in a month.

Technology shares that rely on easy money and benefit from low-interest-rate environments were hit particularly hard with local stocks down more than 3% on Friday alone. Technology stocks in Australia have now shed more than 20% so far this year, with shares in Zip Co now falling below their Share Purchase Plan price.

ZIP had earlier announced an SPP for a $1.90 issue price, however, with the stock now trading below $1.58, shareholders will be better off buying on market than through the SPP.

The telco sector also shed 1.6% for the week and has now been down for nine of the last ten weeks.

Shares in utilities, materials and energy stocks continued to show resilience in the face of determined selling as they stand to benefit the most from rising prices.

Moving forward the Russian invasion of Ukraine and retaliatory sanctions on Russia will continue to boost share market volatility this week.

Add to that an interest rate announcement by US Federal Reserve on Wednesday on the back of flying inflation and you have a very topsy turvy week in prospect.

Job Vacancy; Representative Picture: @CANVA

Traders will also keep a lookout for Australian job figures data, due on Thursday. It is widely expected that around 40,000 jobs were added in February.

Gold prices recorded a second straight weekly gain as no breakthrough was made in the first high-level talks between foreign ministers from Russia and Ukraine.

Bullion gained 1.2% for the week, although the yellow metal saw a dip on Friday as elevated US Treasury yields on the back of strong inflation data mitigated its safe-haven appeal. Gold is highly sensitive to rising US interest rates, as it increases the holding cost of non-yielding bullion.

Looking ahead we think gold is now consolidating as the likelihood of interest rate rise by US Federal Reserve on 16 March adding some pressures and Ukraine worries lending support.

Oil had an extremely volatile week, as Russia’s war in Ukraine continued and talks on an Iranian Nuclear deal stalled.

Oil moved lower initially as President Putin noted positive movement in talks with Ukraine. The black gold however soon rallied and ended up higher after Iranian nuclear negotiations were halted in Vienna.

A ban on Russian crude imports by the US and what looked to be signs of disunity amongst OPEC+ nations saw further volatility in the price of black gold during the week.

There have been indications though that Russian oil is being shunned more broadly after no buyer appeared in a recent tender for crude from the country’s the Far East.

Increasing penalties on Kremlin have prompted fear that an already tight oil market may be stretched further. Rystad Energy AS has predicted that Brent could soar to an eye-watering $240 per barrel by this Australian winter if countries continue to sanction Russian oil imports.

Brent saw a high of $139 a barrel and a low of $105 last week making it the widest trading range for oil in a week since turning negative in 2020.

Just like oil the Australian Dollar too had a wild ride this week as the implications of the Russian invasion of Ukraine continued to cause confusion through commodity markets.

The AUD/USD pair bolted higher to a high of 0.7441 during the start of the week on the back of strong commodity prices. Energy, wheat, precious metals, industrial metals all recorded new peaks across the board last week.

The rest of the week saw an unwind of this move as Aussie got caught in a risk-off sentiment that it had been avoiding of late.

Until now booming commodity prices had sheltered the Aussie from the impacts of negative risk sentiment, making it the best performing currency since February. Many analysts, however, believe that the risk rotation seen during the second half of last week could be a rotation back to a scenario that sees the AUD vulnerable to market sentiment.

The uncertainty in local currency going forward will remain dependent on the key question of whether or not elevated commodity prices can overcome risk aversion.

Technically speaking as long as the price of AUD/USD sits above the key resistance of 0.7365 the AUD/USD bulls will be targeting a move towards 0.75 level.

On the downside, a break below the lows of the previous week could see the Aussie move down to 0.70 levels.

Contrary to the Australian Dollar which has continued to move higher on rising commodity prices the Indian Rupee has continued to edge lower due to rising oil prices.

Many analysts believe that surging oil prices will push inflation higher in the coming months. Oil prices have jumped 12% in March alone and have doubled since December 2021. This in turn will push fuel prices higher and ripple out across the economy. Many analysts believe this will in particular impact the Indian currency harder as the Asian nation imports more than 75% of its oil needs.

So far the Reserve Bank of India has focused on growth over inflation/ However, with prices continuing to surge they may be forced to hike interest rates sooner.

With high commodity prices as well as the outflow of foreign funds from equity markets expected to subdue the Indian Rupee further this week, expats in Australia will keep a close eye to see if the local currency will go above 56.00 against the Indian currency in order to remit more money back home.

Moving on to digital currencies, last week was riddled with volatility for cryptocurrencies as Bitcoin’s price went on a wild ride.

Bitcoin’s price was trading around $39,000 on Sunday the week before and quickly headed south to $37,300 on Monday.

On Wednesday, however, the BTC rallied to $42K after there was a leak of the Executive order that US President Joe Biden was to sign, and it was perceived very well by the market.

However, the next day Bitcoin crashed back to where it was after US CPI numbers came out at highest since 1982 and raised expectations of an interest rate hike by the US Federal Reserve this week. The price of Bitcoin was sitting near $38,300 at the time of writing the report.

Altcoins tried to follow Bitcoin’s price value for the most part of the week, but ultimately most of them ended up losing value in the past seven days. Ethereum was down about 8% for the week, BNB gave up 7.5%, Solana 14.6% and so forth.

All in all, it was an extremely volatile week for digital currencies that saw many leveraged positions being liquidated.

In agricultural products, wheat prices which jumped more than 40% the week before, reached an all-time high of $13.64 a bushel on Tuesday. The wheat prices have continued to rally in recent weeks due to supply disruptions from the Black Sea region following Russia’s invasion of Ukraine.

The prices however then turned south quickly as a sharp increase in recent prices kept International buyers away, resulting in wheat markets recording their biggest weekly loss in eight years.

The US Department of Agriculture said on Thursday that weekly export sales of wheat totalled 370,200 tonnes. Analysts had previously forecasted for the weekly total to be up to 700,000 tonnes

Corn was little changed last week, while soybeans were up almost 2% for the week.

Author: Ateev Dang is a trader and trading coach by profession. He runs his own business called Glow trades Pty Ltd where he teaches anyone interested in starting their trading journey on how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

Morrison Government announces $5.2 million in grants for Australia-India research projects

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11 March 2022 6:40 PM

Image source: Prof. Naba Dutta with coleagues at RMIT University

The Morrison Government in a joint Australia-India science and technology initiative has announced $5.2M in grants for Australia-India research projects.

In total, six innovative projects have been funded out of more than 80 applicants in Round 14 of the Australia-India Strategic Research Fund (AISRF) has been allocated.

These Collaborative Research Projects include conducting research to reduce preventable blindness and cut the cost of water quality management.

Image source: Minister for Science and Technology Melissa Price

Minister for Science and Technology Melissa Price said the project underlined the growing strength of the Australia-India relationship.

“The Australia-India Strategic Research Fund is strengthening the links between Australia and India and creating new innovation networks of global significance. These cutting-edge projects will benefit both countries and show what is possible when our leading research institutions and industries work closely together.“

The projects address six out of eight priority areas agreed to by our two governments, including quantum technologies, critical minerals, and infection prevention and control.

Minister Price added:

“I look forward to the development of these projects and further scientific and research cooperation between our nations in the future.”

The projects, successful Australian applicants and grant amounts are:

Development of low cost, portable and solar-powered optical sensing technology for online monitoring of contaminants in groundwater, University of Sydney ($979,931).
Prevention of blindness using digital technologies at primary care centres, The University Of Notre Dame Australia, Fremantle ($912,000).
Research into the structural dynamics of SARS-Cov-2, University of Melbourne ($894,513).
Advanced recovery of the battery materials and rare earth elements from ores and wastes, University of South Australia ($905,881).
Development of a versatile protein mimicry platform to deliver the next generation of bioadhesives for mending soft tissues, Royal Melbourne Institute of Technology ($525,380).
Quantum-enhanced atomic gravimetry for improved sensing capabilities, Australian National University ($1,000,000).

Image source: Prof. Naba Dutta, *RMIT University*

Prof. Naba Dutta of RMIT University’s School of Engineering posted on LinkedIn:

“OMG!!! This is an amazing success we were looking forward to for long time!!!
It is thrilling to learn that our #AISRF (Australia India Strategic Research Fund) application ‘ #australia #scienceandtechnology ”#development of a versatile #protein #mimicry platform to deliver the next generation of #bioadhesives for mending #soft #tissues’’ have been successful and received significant support!”

He further added:

“The project’s success is personally euphoric since it will provide unparalleled opportunity to work shoulder-to-shoulder with scientists and scholars at alma mater -INDIAN INSTITUTE OF TECHNOLOGY, INDIA; to push the frontier of SCIENCE forward in a cutting edge area of research on which we are working for more than decades.”

Prof. Dutta has been engaged in fundamental and applied research in the areas of Polymers, Biomaterials Engineering, Energy Materials for energy conversion devices including Fuel Cells, Thin Films & Coatings and Advanced Manufacturing for more than 25 years.

The AISRF is Australia’s largest fund dedicated to bilateral science cooperation and will help build links between Australia and India’s top universities, research institutions and the end users of scientific innovation.

India to resume regular international flights to Australia from March 27

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10 March 2022 9:19 AM

Direct Flights between Sydney and Delhi; Picture Source: @CANVA

India will open regular international scheduled commercial flights operation from March 27.

This is after two years of suspension as part of measures to contain the spread of Covid-19 pandemic.

The Ministry of Civil Aviation of the Indian government announced in a statement on Tuesday.

“After having recognized the increased vaccination coverage across the globe and in consultation with the stakeholders, the government of India has decided to resume scheduled commercial international passenger services to/from India from March 27, 2022, i.e. start of Summer Schedule 2022.”

The operations of scheduled international commercial passenger services to and from India was stopped on March 23, 2020.

This was a day before the government had announced the first nationwide lockdown to curb the rising number of Covid-19 infections.

Indian Australians at Airport, PictureSource: Twitter @RameshDutta

International flights are presently operating under the ‘air bubble’ arrangement signed with 37 countries.

This arrangement has limited airlines’ operations and hurt the profitability of airlines.

The resumption of commercial flights on regular international routes could also result in lowering of airfares.

Aloke Bajpai, co-founder and group CEO of online travel platform ixigo, told the Indian Express:

“The demand for international travel is picking up in India, and there has been a significant uptick in travel search queries for popular international destinations like Australia, Sri Lanka, the US and UK.
Travel search queries from India for Australian cities like Melbourne, Adelaide and Sydney have jumped 15-20 per cent this month.”

The international flight operations from March 27 shall be subject to strict adherence to the guidelines issued by the Ministry of Health for international travel.

India fast emerging as a potential market for quality Australian wine exports

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9 March 2022 11:06 AM

Imnage source: Australian wines - Wikipedia.

Traditionally, India is known to favour the consumption of alcoholic beverages such as beer, rum, and scotch.

However, the Indian wine industry has seen a CAGR of 14 percent between 2010 to 2017, thus making it the fastest growing alcoholic beverage industry in India.

In 2018, India’s top destinations for wine imports were Australia (41 percent) and the European Union (38 percent)

In 2019, wine consumption changed increasing multifold from a mere one million litres per annum in 2001 to over 30 million litres.

Image source: India’s wine import by region – https://www.india-briefing.com/news/emerging-opportunities-in-indias-wine-market-investment-industry-potential-22334.html/#:~:text=Only%20recently%20has%20the%20culture,liters%20per%20annum%20in%202019.

Experts believe this increase is due to both local and foreign tourists in India.

Presently given the ongoing trade dispute with China, Australian winemakers are looking at new developing markets.

Brett McKinnon, chief operations officer, Pernod Ricard Winemakers, told the drinks business:

“We see huge potential for the Australian wine category in India. While it is only small currently, wine consumption is certainly on the upswing there, with growth of 3.7% CAGR between 2016 and 2020, according to IWSR.”

As the governments of both countries are planning to sign a free trade agreement, experts believe that this would provide access to the Indian market for Australian wines.

Stuart McCloskey, owner of The Vinorium, a major UK importer and retailer of Australian wines, told the drinks business:

“We have had many discussions with our Aussie winemakers, and what stands out is how different their domestic market is to their export market. Fresh, light, natural, skin-contact and European varietals seem to be the key buzz words on the Australian wine scene. However, our export and sales figures paint a very different story, which concerns me greatly.”

Australian wine producers and stakeholders are also concerned that global consumers are aloof to the diversity of local wines.

The international consumers are mostly concerned with Chardonnay, Shiraz and Cabernet Sauvignon.

India’s upper and middle-class populace, a key market base, are yet to taste cool-climate Pinot Noir, Clare Valley Riesling and traditional-method sparkling wines.

Mother and son lost their lives in Sydney floods

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8 March 2022 4:07 PM

67-year-old Hemalathasolhyr Satchithanantham, or her 34-year-old son, Bramooth

Bodies of two people found in a stormwater canal in western Sydney are believed to be Hemalathasolhyr Satchithanantham, 67, and her son Bramooth, 34.

Earlier, on Monday afternoon, their car, a white Mazda-3 was was found in the stormwater canal.

The car was discovered in Cooper Creek, in WentworthVille with only personal items believed to belong to the pair left behind.

Ms Satchithanantham was described as being of Indian/subcontinental appearance with a medium complexion, 165cm tall with a heavy build, dark shoulder-length brown hair and brown eyes.

Bramooth was described as being of Indian/subcontinental appearance with a medium complexion, 180cm tall, heavy build with medium-length brown hair and eyes.

As the police officers were unable to find Ms Satchithanantham or her son, they soon launched an investigation and called for public assistance in finding the missing pair.

It is reported that at about 8.20 am on Tuesday, emergency services were called to the same canal.

This was done after someone reported that a woman’s body had been sighted in the water, near Hopkins Street in Constitution Hill.

NSW Police Rescue, police divers and NSW SES officers who were deployed to the scene, pulled the woman’s body from the water and sometime later also found the body of a man in the water.

The bodies are yet to be formally identified, but NSW police believe that they are Ms Satchithanantham and Bramooth.

Ms Satchithanantham was very devoted to her son, who had multiple medical conditions and was non-verbal.

Cumberland Police Area Commander Paul Devaney told the media that the deaths were a tragedy for all involved.

Up to 50mm of rain fell in the past 24 hours with widespread flooding forcing residents in many suburbs to evacuate.

NSW SES Commissioner Carlene York warned residents not to drive through floodwaters.

‘We are quite concerned for their safety, but again it shows the danger of these storms and the danger of flash flooding.’

These two deaths are the first in Sydney for the flood event, while record floods have claimed five lives in Lismore.

Market Mantra: Australian shares rise amid commodities surge as investors see opportunities in Ukraine crisis

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7 March 2022 11:31 AM

Share Market surge; Image Source: @CANVA

Bolstered by mining and energy stocks as commodity prices rallied sharply higher on supply disruption fears due to the Ukraine-Russia crisis, the Australian shares closed the week strongly higher.

The ASX 200 index advanced 1.6% after losing 3.1% the week before as Russian forces continued to roll through Ukraine. Even though uncertainty spooked the Australian market on Friday after an attack by Russian forces on a Ukrainian power plant, making the bourse drop 1.8%, it was a solid week of recovery for Australian shares compared to other Asian markets which tumbled to 16-month lows on the Ukraine crisis.

The reason why the Australian market performed so well was mainly due to energy stocks which posted their best week since the end of 2020. Galloping the price of oil and all energy sources amid fears of disruptions to Russia’s oil and gas exports helped the energy sector climb an impressive 8.9%.

Miners also had an impressive week boosted by iron ore futures which clocked their biggest weekly gain in more than two years. BHP and Rio Tinto gained 11.7% and 10.5% for the week, pushing the materials sector up by 8.1%, thus recording their best week since April 2016.

Gold stocks also advanced during the week with Newcrest Mining gaining 2.8% and Evolution Mining advancing 1.2% as investors scrambled to buy safe-haven assets.

Fears of Nuclear accident after an attack on a nuclear power plant on Friday however crunched Uranium stocks. At one time Paladin stocks plunged as much as 26% amid serious concerns of a nuclear disaster. Shares in Paladin however recovered some of the losses to close 14.8% lower as fears of a nuclear accident receded.

Looking ahead at this week, once again the events in Russia and Ukraine will continue to have a major impact on share markets. Apart from that traders in Australia will also keep a lookout on February’s job advertisement data, consumer sentiment, household spending intentions and the NAB business survey, all due this week.

With the Russia-Ukraine war fuelling global inflation fears to an alarming level and investors scurrying for safe-haven assets, gold logged its best weekly gain since May 2021. According to many commodity experts soaring oil, iron and wheat prices may further stoke inflation fears, which may continue to support gold prices in the nearer term. Gold is often seen as an inflation hedge by investors.

With Russia not intending to de-escalate the conflict with Ukraine and risk sentiment continuing to deteriorate, we continue to remain bullish on the yellow metal in the short term. Gold also has a strong momentum on its side with investors scurrying towards the safety of bullion on the last trading of the week after a Russian attack on the Zaporizhzhia nuclear power plant prompted investors to rush for safety.

Having said that gains in gold may be capped if the US releases stronger than expected CPI data on Wednesday. In January the CPI rose to 6%. A strong rise in CPI will result in a rise in US Treasury yields, which makes non-yielding bullion unattractive for holders.

In short, while the yellow metal should continue to move higher if investors don’t see signs of de-escalation in the Russia-Ukraine conflict, the upside conflict may be limited due to its inverse correlation with the US Treasury yields.

Oil prices ended the week at their highest price since 2008 and posted their biggest weekly dollar gain on record, with prices elevating as Russia’s war on Ukraine intensified and lead to a now-extinguished fire at a nuclear power plant.

All in all the oil prices rallied 25.5% for the week to register their strongest weekly advance based on records going back to 1991. Prices of oil, natural gas, heating oil and other energy sources have surged since Russia invaded Ukraine 10 days ago.

With Kremlin threatening to crumble supplies from Ukraine we believe that moving forward any events which reduce supply such as stricter restrictions on Russia or damage to pipelines will spark another rally for oil prices.

On the other hand, any other event such which may increase oil supply such as a new deal between US and Iran that allows Iran to resume reporting will cause oil prices to cool down.

Supply from Russia is already constrained even though currently there are no sanctions on Russian oil. However, with many Western allies kicking several Russian banks out of the SWIFT system trading in Russian commodities has become toxic for most global players.

As such we believe that while Russia is struggling to sell oil amid continued sanctions from the West allies if the US-Iranian deal gets delayed we could see Brent prices rising to $125 per barrel on Monday itself and quickly approaching an all-time high of $147 per barrel, a price last seen in 2008.

In our previous reports, we discussed how the Russia-Ukraine war could be good for Australia as strong sanctions on Russia would push up prices of goods exported by Australia thus benefitting the local currency.

As such even though world equity markets continue to get hammered on geopolitical tensions in Ukraine, the Australian Dollar has continued to remain the best performing G-10 currency against the US Dollar for the third week in a row.

Australian-Dollar; Picture Source: @CANVA

The commodity-based currency closed the week on a fresh 2022 high against the greenback as aluminium hit record highs and gold, iron ore and copper prices registered strong buying. Euro was particularly hard hit against the Aussie Dollar with EUR/AUD pair sinking to levels not seen since 2017.

The sanctions levied on Russia have led to broad gains in commodities from metals to grains to energy products which has strongly helped the Australian currency.

Technically speaking the AUD/USD pair moved above 200-day Simple Moving Average (SMA). The traders can look to target the October 2021 highs if prices continue to move higher.

Looking at the charts, the price of local currency is pointing strongly North, with a large accumulation of possible targets around 0.7400 levels. The longer-term moving averages continue to head North and it seems that the AUDUSD pair is all set to test the November monthly high of 0.7555.

On the other hand, 0.7260 is the key support level sitting at 38.2% Fibonacci levels and a break below it could spur the prices to move all the way down to 7200 or even below 0.7000.

While the Australian Dollar continues to benefit from the Russia-Ukraine war, the Indian currency, unfortunately, sank below the 76 per US dollar mark last week. The ongoing geopolitical risks and a sharp decline in Asian stock markets have forced the traders to purchase safe American currency.

With oil also climbing up, INR has specifically been hammered. India imports more than two-thirds of its oil needs and a surge in oil prices threatens to widen the trade deficit for the Asian nation. As such traders will be turning their eyes towards the Reserve Bank of India to intervene and prevent the Indian currency from any further decline.

Moving on to digital currencies, it would be safe to say that the past seven days did not go too well for cryptocurrencies despite it finishing in black for the week. The Bitcoin rallied during the start of the week and at one time recovered all losses that came after Russia invaded Ukraine and even touched the $45,000 mark to record new monthly highs.

The bears, however, since stepped in and pushed the largest digital currency below $39,000 for the first time in five days.

The roller coaster ride was also visible in Ethereum. The second-largest currency rose from $2200 to above $3,000 and then retraced back to around $2,600.

Binance coin, Ripple, Polka Dot, Matic, Solana, Cardano, Dogecoin and Shibu all followed BTC’s wild ride and like Bitcoin ended the week slightly positive.

In agricultural products, most of the grains continued to rally as grain traders continued to digest the impacts of the Russian attack on Ukraine on global food supplies. Corn, in particular, was double-digits higher as China placed large orders of US Corn and soybean in efforts to mitigate risks of diminishing food supplies due to Russia’s invasion of Ukraine and slower harvests in South America.

Chinese buyers last week booked 20 cargos of Soybean and 10 shipments of corn from the USA alone. There is also news of Chinese ships lined up outside Brazil’s ports and ready to buy corn and soybean at premium levels to replace food grains supply from Ukraine and also as a buffer for future supply losses.

The buying spree reflects robust worries of diminishing food supplies among the top importer.

Russia and Ukraine are among the world’s largest producers and exporters of major grains such as wheat and corn, and also vegetable oil. China on the other hand is a major buyer of corn and barley from Ukraine.

With supplies being disrupted in Ukraine due to continuing war, a shortage of farmworkers, and chaos around transport and logistics these crops are at major risk. Food security is a critical priority for Beijing and with vulnerability surrounding imports of major food grains, it seems China has gone for a major shopping spree to reduce its vulnerability to supply shocks.

Author: Ateev Dang is a trader and trading coach by profession. He runs a business called Glow trades Pty Ltd where he teaches anyone interested in starting their trading journey on how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

The Monk who Transformed Uttar Pradesh: A data driven account of the past 5 years

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7 March 2022 10:17 AM

Hindu Monk Yogi Adityanath, CM of UP; Image Source: Twitter @BJP

The Indian state of Uttar Pradesh is home to approximately 220 million people and the cradle of Hindu civilization with sites like the Mahakal Kashivishwanath Temple, Krishna Temple in Mathura and the site of a future glorious temple of Shri Ram in Ayodhya. In addition, Uttar Pradesh is also the home of Sarnath, which is where Gautama Buddha first taught the Dharma, that is his first lesson.

In India’s independent history of 75 years, it is also Uttar Pradesh with 80 federal parliamentary seats which have contributed the largest number of Prime Ministers.

Indian Prime Minister Narendra Modi’s choice to contest from Kashi (Varanasi/Banaras) was best summed up when he aptly said “Earlier I used to think that the BJP has sent me here, sometimes I felt that I am going to Kashi. But after coming here, I feel neither anybody sent me nor have I come on my own. It is Maa Ganga who has called me,”. It is this connection with all things UP, such as the Ganga, such as Ram Mandir, such as Amitabh Bachchan, that every Indian has been touched in one or another!

The connection with UP was also a source of constant disappointment and pain for development-oriented voters of India. The Prime Ministers who were elected by the people of UP grossly ignored UP to the extent they visited the same powerless villages in each election cycle.

The perfect storm was the blatant loot and antipathy of the State government which was involved in a cycle of inept leaders focussed on amassing wealth through corrupt means, and appointing every eligible person from their family to a government post!

The light of development started reaching UP shortly after the election of Hon. Prime Minister Narendra Modi in 2014, and was turbocharged after Shri Yogi Adityanath became the Chief Minister in 2017.

This double engine government has done more work in the past 5 years, not exaggerating than was done in the previous 50 years! The book outlining this development “The Monk who Transformed Uttar Pradesh” by Shri Shantanu Gupta was launched to the Indian-Australian Diaspora in association with Garuda Publications in a live conversation with the author.

The author has taken a data-oriented approach to describe the development work which has been done over the past 5 years. The few things which really stood out were the blatant loot of the taxpayer money facilitated by the previous Chief Minister – whether it came to the tradition of buying brand new luxury cars, paying all tax liabilities, or undertaking renovations of home/office running to large sums of money.

The immediate effect of these actions was that the bureaucracy was jolted and started to take notice. The office of CM no longer served a particular community but was serving the 220 million citizens of UP, and the CM was there to make a difference.

The single biggest change which has been a catalyst for development has been the return of law and order to the state of UP. In the previous government, UP was famous for headlines around riots, arson and dacoity – sadly being done with political patronage of certain leaders, and often by members of a specific community who were certain of rebutting the police.

In the UP post-2017, criminals are on the run, and the general population feels safe and empowered to lead a normal life. The impact is directly visible in the uptick of investment by all sectors of the economy – specifically Information Technology, Manufacturing, Services to name a few. The process was kick-started by an investors summit held in 2018, which served as a catalyst for mega investments into the state.

The data around rural electrification, development of roads and the renaissance of the education system in UP is deeply enlightening and gives a sense of anger and disappointment to the little work done by previous governments. The author hailing from UP in India selfishly wishes for the return of the BJP government in the current elections.

The book is a must-read for any person interested in the development story of UP, and how a new era is taking shape under the dynamic dual leadership of Shri Narendra Modi and Shri Yogi Adityanath.

Author: Pranav Aggarwal

Why anti-caste policies of west are anti-Hindu

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5 March 2022 1:16 PM

Why anti-caste policies are anti-Hindu: Image Source: CANVA

In January 2022, California State University (CSU) became the first university system in the US to recognize “caste” as a discriminatory category. CSU trustees added “caste” to its non-discriminatory clause in faculty contracts. “On system’s 23 campuses across California,” NBC News reported, “caste-oppressed students will now be able to report anti-Dalit bias which students say they regularly experience at school.”

Many Hindu organizations, including the Hindu advocacy group Hindu American Foundation (HAF), have objected to this new CSU policy. They argue that anti-discrimination laws already exist and adding “caste” to the existing laws is redundant. HAF also contends that the inclusion of “caste” as a stand-alone category in CSU policy singles out an ethnic and religious minority group that is “discriminatory on its face.”

Despite its billing as a so-called “progressive” state in public perception, one will be surprised to know that such biases aren’t a novelty in California. The state has a history of anti-India and anti-Hindu biases, including those within its education system.

Indian-Americans have been fighting long legal battles to remove those biases from the California State Board of Education textbooks. However, the current “caste” controversy results from intense lobbying by Equality Labs and other anti-Hindu elements.

These anti-Hindu biases have roots in India’s colonial past. Colonialists often wanted to portray themselves as virtuous and civil compared to those they were colonizing. “Before the American Revolution,” writes Matthew Wills, “European colonialists insisted on proclaiming their humanity as they violently colonised the expanding frontier.”

Why anti-caste policies are anti-Hindu: Image Source: Supplied

The British colonialists too primitivized Hindus in their discourse. The need to portray Hindus as primitive, savage, uncivilized, or vicious, rose from the urgency of colonisers to present themselves as enlightened. Much of the early Western writings on India’s “caste system” need to be understood in this context.

The native Hindu word for ‘caste proper’ is jāti, which Arvind Sharma (The Rulers Gaze) points out, “denotes the social unit one is born in.” There is, however, a disconnect between jāti as perceived within the native insider tradition and the way the West conflates the “caste system.”

Both “caste” and jāti are two independent constructs.
They have distinct historical, social, and cultural contexts. Yet, the erroneous Western understanding of the Indian jāti system holds sway in academia, media, and its overall interpretation as the “caste system.”

As the West began to control the academic discourse in its colonies, it affected and even altered the nuanced self-understanding of native cultures. Much of our contemporary understanding of “caste,” according to Ramesh Rao (Jāti/Kula/Caste and their Impact on Communication in Communicating Across Boundaries), is derived from “the colonial understanding and categorization of India’s people according to the surveys constructed by [Herbert Hope] Risley.” Risely’s survey was later published as The People of India (1908).

The British, in their writing, portrayed Hindu society as being riddled with malaise. At the same time, they also claimed erroneously that the so-called “social evils” such as the “Brahmanical”’ caste discrimination always have been part of the Hindu society and Hinduism.

According to Arvind Sharma, there is a preponderance of literature on the “caste system” – more than nine thousand books alone. However, there is no consensus among academicians about “how the caste system came into being and what sustains it” (Martin Farek et al. Western Foundations of the Caste System). The authors meticulously investigate this issue and conclude that the Indian “caste system” is “an experiential entity only to the West… It has no existence outside of the Western experience of India.”

The Marxists picked up from where the colonialists left off. They turned the indigenous jāti tradition into a highly exploitative “caste system” and weaponized it. Equality Labs is the manifestation of such weaponization in letter and spirit. It is a consortium of rabidly anti-Hindu groups. The Labs is blatantly engaged in “demeaning and defaming Hinduism and its adherents and promoting hatred for both.” It is a well-organized and lavishly funded faux social justice organization.

The Labs commissioned its Caste Survey to bolster its arguments supporting the CSU’s “caste” policy. However, the Social Realities of Indian Americans survey conducted by the Carnegie Endowment for International Peace found that “it is likely that the sample does not fully represent the South Asian population and could skew in favour of those who have strong views about caste.”

Jāti, or “caste” as a sociological feature of the Indian subcontinent transcends every religion, native or non-native. Every religion in India, “including those who entered it from outside,” writes Arvind Sharma, “have had to come to terms with [it] as a social reality, whatever their social theory.” However, every mention of “caste” is automatically and erroneously assumed about Hinduism.

The “caste system,” an import from medieval Europe, is now an Indian reality. It has come to “define India” (Ramesh Rao), specifically Hindus.

Notwithstanding the many prevalent exploitative discriminatory systems worldwide, such as class, feudalism, communism, racism, slavery, Nazism, fascism, Girmitiya (indentured) labor system, etc., the worst kind of contempt is saved for the “caste system.”

The “caste system” narrative squarely puts Hindus and Hinduism at fault for all injustices. Such a narrative ignores the fact that the Hindu society, throughout history, has consistently worked on the issue of social justice to overcome discrimination and inequality through its indigenous tradition of social reform. For example, the Bhakti movement of the 15-17th century addressed such societal discrimination.

The anti-India and anti-Hindu forces have hijacked the jāti-Caste narrative.
It is imperative that we Indians, particularly Hindus, reclaim agency in defining our texts and traditions, culture, society, and polity. At the very least, we can’t let the non-native agents be the sole arbitrators of our civilization.

Author: Avatans Kumar is a columnist, public speaker, and activist. A JNU, New Delhi, and the University of Illinois at Urbana-Champaign alumnus, Avatans holds graduate degrees in Linguistics. He is a recipient of the 2021 San Francisco Press Club’s Bay Area Journalism award.

Disclaimer: The article was first published on IndianCurrents, We have republished it with kind permission from the author and India Currents.

Tributes pour in as ‘King of Spin’ Shane Warne dies aged 52

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5 March 2022 12:36 PM

Shane Warne; Image Source: Cricket Australia

The cricketing world is in complete shock after hearing the news of Shane Warne’s death from a heart attack at the age of 52 on Friday.

The iconic leg-spinner passed away in Thailand of a suspected heart attack, his management company said in a statement.

Shane Warne was one of the best leg-spinners to have embraced the game and was fondly known as ‘King of Spin’.

Prime Minister Scott Morrison said, “Australians have woken in shock and sadness to the awful news of the death of Shane Warne.”

“Shane was one of our greatest cricketers of all time, one of only a few that could approach the extraordinary achievements of the great Don Bradman. His achievements were the product of his talent, his discipline and his passion for the game he loved.”

But Shane was more than this to Australians. Shane was one of our nation’s greatest characters. His humour, his passion, his irreverence, his approachability ensured he was loved by all. Australians loved him. We all did.

There was something magical that he brought to our summers. The bleached blonde hair, the almost casual way he moved to send down delivery, and his engagement with the crowd. He was one of a kind.

He inspired so many girls and boys to try their hand at cricket. He made it all look so easy. At some point, in most Australian backyards, we all tried to deliver a flipper.

Shane was the “King of Spin” because there was none like him. The “ball of the century” will be talked about forever.

Our love and condolences go to Shane’s family and particularly his children Brooke, Jackson, and Summer.

We have lost one of Australia’s greatest cricketers and today we are bewildered by this sad and sudden loss.

In recognition of Shane Warne’s national achievements, his family will be offered a state funeral by the Commonwealth Government.

A special tribute for the one and only Shane Warne. pic.twitter.com/0b0LJ3ilgM
— cricket.com.au (@cricketcomau) March 5, 2022

This will be done in consultation with the Warne family, Cricket Australia and the Victorian Government to ensure we honour Shane’s passing and memory.

Warne scalped 708 wickets in his illustrious career which spanned 145 Test matches.
Warne played 194 One Day Internationals for Australia in which he scalped 293 wickets. The right-hander was also handy with the bat as he scored 3,154 runs in his Test career. He amassed 1,018 runs in the 50-overs format.

“Cannot believe it. One of the greatest spinners, the man who made spin cool, superstar Shane Warne is no more. Life is very fragile, but this is very difficult to fathom. My heartfelt condolences to his family, friends and fans all around the world,” tweeted former India cricketer Virender Sehwag.

Cannot believe it.
One of the greatest spinners, the man who made spin cool, superstar Shane Warne is no more.
Life is very fragile, but this is very difficult to fathom. My heartfelt condolences to his family, friends and fans all around the world. pic.twitter.com/f7FUzZBaYX
— Virender Sehwag (@virendersehwag) March 4, 2022

The former England all-rounder Kevin Pietersen, who was a close friend of Warne’s, tweeted “F***’ when the news broke followed by a string of crying emojis and the hashtag #RIPKing.”

The current England all-rounder Ben Stokes posted: “Australian Legend. @rajasthanroyals Legend. Was an honour to know you and work with you. This man is a LEGEND. #theking”

Ex-England batsman Ian Bell wrote: “Surely not??? Utterly heartbreaking.”

The leg-spinner was known for his guile bowling and took a total of 1001 wickets. He became the first-ever bowler to scale the peak of 1,000 international wickets.

The Cold War Struggle is Resurrected: Postmodernism vision and its tenets

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4 March 2022 4:56 PM

Cold War, representative picture sourced from @CANVA

Ongoing Russian attack on Ukraine raised the concern of western NATO nations, who declared to impose sanctions on Russia. The world is divided into two halves of West versus the East, this phenomenon seems similar to the world of capitalism in the modern world, followed by a criticism of capitalism in the postmodern world.

The modern period noticed industrialisation, market-oriented capitalist economies, enlightenment, democracy, violence and struggle. The modern period also witnessed two world wars and followed by the Cold War during the postmodernism period, but the dissolution of the Soviet Union did not end their struggle. This needs to be discerned through the eyes of postmodernism philosophy.

The opinion article enlightens the concept of postmodernism that criticised phenomena that happened in the modern period. Postmodernism emerged after the end of World War II and during the phase of the Cold War and the expansion of nuclear weapons.

Their deconstruction approach challenged the rational systems and institutions with the basis of morality and rationality. They advocate that the dominant group establishes every system, and the dissenting voices are always suppressed.

‘Other’ Story: Deconstruction Voice

History emerged due to the western thirst for hegemony over colonized lands and the desire to take their pasts. Postmodernism is a critique of modernity ideas and repercussions of modernity. This is a kind of intellectual/philosophical movement whose primary objective is to challenge the immediate stage of modernism that was widespread in the nineteenth century. This means a movement that came after ‘modernism’, so postmodernity came into prominence in the 1970s. They have criticized the culture, philosophy and politics that emerged out of modernity and are most popular in the developed western world.

It is implied to many aspects of society like economic, social, music, painting, architecture, literature, culture, art, fiction and history. They are not interested in historical developments or traditional historical approaches, as they believe the past is hazy that hinders comprehension of the present. History is portrayed as an undefined paste, similar to a work of fiction, where a historian creates narratives around the event by highlighting some facts over others, so historical language is not transparent.

Thus, it rejects the possibilities of historical generalization and historians’ neutrality is challenged. It claims that generalization does not communicate any truth on the nature of reality, and merely reflects regularities of the manner to conceptualize reality. These scholars gave importance to the human world and ‘nature’ became secondary. It entails breaking barriers with all that had come before in human civilization. It believes everything is seen as a social construction and no fixed human nature, and a human tries to receive acknowledgement or acceptance by society.

Postmodernism refers to philosophy as a movement that emerged in response to and in opposition to modernity. Many postmodernism scholars challenged the premise of modernity that is reason and criticised the modern world concepts of capitalism, rationalism, humanism and historicism. This movement also critiques the conventional mode of history writing, rejects the objectivist tradition of history writing, raises questions of historical origin with the interaction with the others, and raises doubts about historian subjectivity. They believe there is no historical truth, but it is historians’ ideological construction.

Tenet of Postmodernism

Postmodernism criticized the claim of enlightenment thinkers’ claim of universal knowledge and also the all-encompassing ideologies. Furthermore, they also challenge the view that science can achieve the truth, so the postmodern theorists entail that nothing is absolute and lean towards relativism. They even believe that there is no truth outside of or prior to linguistic intervention, and languages generate reality and the universe for people.

The next idea of postmodernism believes that modernists attempted to organise knowledge around main binaries where science is the common element like science [representing genuine knowledge] versus rhetoric, literature and story [imagination and false consciousness]. Science is considered superior, whereas the opposite side is described as weaker in comparison, so postmodernism focuses on the multiplicity, variety and uniqueness of things. They do not have strong defining boundaries to understand the concepts, as they believe everything is dependent on one’s own subjectivity and interpretation.

Postmodernists believe the reality is incomprehensive and the truth is socially created, and it is dynamic in character. It advocates the philosophy of globalization and promotes a free world without any obstacle to the growth of human society. For them, morality is a personal matter as individuals have their own personal choice. This liberal intellectual movement regards all religions as significant and effective, without giving any preference to one based on its liberal or secular approach. It advocates plurality of religions. This movement promotes equal rights to every person and believes that every person has freedom of biological preference social and intellectual freedom.

These theorists also believe that there is no absolute truth or ‘nothing is absolute’ or ‘no single objective reality, as everything is subjective and depends on how one interprets reality. The truth keeps on changing with different explanations, and there is on supreme truth but multiple truths. It thinks the individual opinion is ultimate as everything is continuously changing. Every person creates their own reality based on the environment, culture and experience around them. There is no single objective reality as per postmodernists. Science investigates facts as per modernist, whereas postmodernist states facts may be perceived and interpreted in several ways based on the scientist’s character and subjectivity. These scholars believe traditional knowledge is useless in postmodern times and limits on humans that impedes their progress. This ideology is fundamentally atheist.

Michel Foucault (1926-1984), a French postmodernist philosopher, criticised enlightenment ideas and modernity. He criticised many social institutions that were considered the outcome of European modernity and even criticised the disciplines of medicine and psychiatry. He rejects the idea of history as a whole and continuity by forwarding the notion of discontinuity. He even criticised the Enlightenment notion as a rule of reason that can equate with progress and emancipation.

He contends that knowledge and power are inseparable, as a search for truth is linked to the goal of power. He also believes the discourses emerge from institutional activities. Jean-Francois Lyotard (1924-1998) believed that despite modernist claims of universal validity, ideas and discourses of all types, there are ‘concealed narratives,’ closer to fictional stories. He critiques modernist theories for tending to totalize and universalize notions that are basically the product of modern European. He rejects the idea of foundationalism, where all knowledge claims to be founded on sound theoretical foundations.

He also rejected the use of meta-narratives and ‘grand universal theories’ of the modern period and advocated that meanings are developed from one’s knowledge and experience. It advocates for comprehending the local narratives that are non-universal in nature and relate to a single event. Another French thinker, Jean Baudrillard’s ideas influenced the area of media and art; it is believed that three processes like simulation, hyper-reality and implosion create a postmodern situation. Under the postmodern society, the conventional class, gender and group barriers are dissolved. It gives rise to a nihilistic universe with no purpose, reason or rhyme.

Jacques Derrida (1930-2004), a French postmodernist philosopher, put forward the theory of deconstruction in terms of linguistic or style of writing the literature, where all written text is the result of complicated cultural processes. The texts may only be defined in connection to other texts and writing traditions. In simple terms, human knowledge is restricted to texts, and the reality one knows about the world is through language. Beyond language and its norms of existence, there is no awareness of reality.

It also believes nothing in the world is static, as its meaning changes in different circumstances and contexts. Another aspect of deconstruction is the concept of difference that asserts that the meaning of something can only be determined by its difference from other things. The instability and variety of meaning are emphasised in deconstruction. There can be different interpretations of a text, that is revealed through the use of deconstruction analysis. This implies different areas of humanities and social sciences, music, architecture and art. Deconstruction aimed to declare and re-evaluate western values.

Critic: Postmodernism

Postmodernism is criticized for leading to various interpretations of a single phenomenon that lead to confusion and absurdities that disregard historical facts. Some criticize postmodernism as untrustworthy and unstable philosophies that are unconcerned with historical developments of the past. Others believe the deconstruction has a flaw as it results in extreme ambiguity. Postmodernists oppose a coherent and all-encompassing vision, and it also adds scepticism in comprehending society by rejecting the use of rational thought and reason that was the principal of modernism.

Modernism gave importance to science and technology were elevated, whereas the power of language and culture was reduced. Postmodernism is blamed to result in scepticism and unending interpretation resulting in confusion. Postmodernism is also called subjective in nature and a form of a romanticist. They are blamed for rejecting universal theories but giving no comprehensive understanding. Postmodernists are liberals as they embrace all interpretations, facts, and cultural forms equally, and any subjective interpretation seems to be valid.

Conclusion

Every legal system of modern times has the basis of force and maintains itself with the use of violence. Therefore, the postmodernists look at the current order from the opposite side of having dissenting voices. For them, complete justice or order is an unattainable ideal. It is difficult to define the word postmodernism, but it is a manner to look at the world as an intellectual movement that advocates there is no absolute truth, and every text has different interpretations.

Postmodernists consider objectivity as a myth because there for them, there is no reality, truth and way to perceive nature. It has a liberal character and wants to free oneself from the constraints of science and an authoritarian truth system. Under this Russia-Ukraine (plus NATO nations) crisis need to be looked into both perspectives to understand the complexity of the issue that has roots in the modern period.

Author: Dr Sakul Kundra is an assistant professor in history and Acting Head of School, School of Arts and Humanities, College of Humanities and Education, at Fiji National University.

Disclaimer: The views expressed are his own and not of this newspaper or his employer. For comments or suggestions, email. dr.sakulkundra@gmail.com

‘The Joke’ Freedom House report again ranks India ‘partly free’

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4 March 2022 10:05 AM

Indian Prime Minister Narendra Modi in election rally: Image Source: Twitter @narendramodi

For the second consecutive year Freedom House, a US government-funded NGO that studies political freedom around the globe has ranked India’s status as a democracy and free society as “partly free”.

The latest annual report on global political rights and liberties – titled “Freedom in the World 2022 – The Global Expansion of Authoritarian Rule” – said leaders from Brazil to India have “taken or threatened a variety of anti-democratic actions, and the resulting breakdown in shared values among democracies has led to a weakening of these values on the international stage”.

Moradabad, Feb 14 (ANI): Women voters show ink-marked fingers after casting their votes during the second phase of the Uttar Pradesh Assembly elections, outside a polling booth, in Moradabad on Monday. (ANI Photo)

Mike Abramowitz, the President of Freedom House, tweeted: “Democracy declined for the 16th year; only 1 in 5 people live in a free country; dictators are collaborating to undermine democracy.”

Gorakhpur, Mar 03 (ANI): Bharatiya Janata Party (BJP) leader Radha Mohan Das Agrawal and his family members show their ink marked fingers after casting their votes for the sixth phase of Uttar Pradesh Assembly elections, in Gorakhpur on Thursday. (ANI Photo)

On a grim day for freedom, the big picture: Democracy declined for a 16th year; only 1 in 5 people live in a free country; dictators are collaborating to undermine democracy. #FreedominTheWorld 2022 is out and should be a wake-up call for those who love freedom. @freedomhouse pic.twitter.com/enzxGV2rBx
— Mike Abramowitz (@abramowitz) February 24, 2022

The report gives India a total score of 66 out of 100, one point less than 67 last year and observes:

“While India is a multiparty democracy, the government led by Prime Minister Narendra Modi and his Hindu nationalist Bharatiya Janata Party (BJP) has presided over discriminatory policies and increased violence affecting the Muslim population.”

Moradabad, Feb 14 (ANI): Security personnel stands guard as voters show their ID cards while standing in queues to cast votes during the second phase of Uttar Pradesh Assembly elections, at a polling booth, in Moradabad on Monday. (ANI Photo)

The report further adds:

“The constitution guarantees civil liberties including freedom of expression and freedom of religion, but harassment of journalists, nongovernmental organizations (NGOs), and other government critics has increased significantly under Modi. Muslims, scheduled castes (Dalits), and scheduled tribes (Adivasis) remain economically and socially marginalized.”

The report highlighted the government’s response towards farmers protesting against the three agriculture laws and also took note of the Covid-19 pandemic in India and the resultant Information Technology Act. It noted that this Act restricted any content around poor handling of the health crisis.

Shimla, Mar 03 (ANI): Employees of the Himachal Pradesh government under the banner of (New Pension Scheme Employees Association) NPSEA raise slogans during Vidhansabha Gherao demanding old pension scheme, in Shimla on Thursday. (ANI Photo)

In 2021, Freedom House has downgraded India to “partly free” after listing it as “free” in the reports for 2018, 2019 and 2020.

The Indian government then rejected all the findings and described them as “misleading, incorrect and misplaced”.

Naomi Canton a UK-based journalist tweeted: “The joke – Freedom House – has again awarded India “partly free” democracy status whilst giving Canada the highest score possible despite Canada jailing and beating up its own citizens and freezing their bank accounts for having the audacity to protest.”

The joke – Freedom House – has again awarded India "partly free" democracy status whilst giving Canada the highest score possible despite Canada jailing and beating up its own citizens and freezing their bank accounts for having the audacity to protest. https://t.co/DOZup67RTY
— Naomi Canton (@naomi2009) March 3, 2022

Meanwhile, former Indian Foreign Secretary Kanwal Sibal warned Indian media to stay clear from “promoting propaganda against us [India] by US govt funded org…”

HT notes front page Freedom House rates India partly free democracy. We are ourselves promoting propaganda against us by US govt funded org & giving credibility to it instead of ignoring it as we should. Shows lack of self- esteem.
— Kanwal Sibal (@KanwalSibal) March 3, 2022

While Norway, Finland and Sweden are the freest countries with perfect 100 scores, Syria, Tibet and South Sudan are the least free in the world.

Shimla, Feb 24 (ANI): Anganwadi workers raise slogans during ‘Vidhansabha gherao’ protest over their demands, in Shimla on Thursday. (ANI Photo)

New Zealand, Canada and Australia which recently saw mass protests, violence, and suppression of freedom have surprisingly received scores of 99, 98 and 95 respectively.

There was no immediate response from Indian officials to the latest Freedom House report.

Hindu temple BAPS responds to Ukrainian humanitarian crisis: Establishes mobile kitchen feeding thousands of refugee in Poland

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3 March 2022 3:24 PM

Ukraine Crisis: Indian International Students helped by BAPS; Image Source: BAPS

As a devastating humanitarian crisis unfolds in Ukraine, hundreds of thousands are fleeing the warzone seeking refuge in neighbouring countries. BAPS Swaminarayan Sanstha temple’s volunteers from the UK, Ireland, France, Switzerland, Italy, Germany, Austria and Poland swiftly sprang into action to support the emergency relief effort on the ground.

This has included setting up a mobile field kitchen in the south-eastern Polish city of Rzeszów.

This mobile kitchen has begun feeding around 1,000 hot vegetarian meals daily to refugees of all faiths and nationalities.

Indian Prime Minister Narendra Modi called Brahmaviharidas Swami at midnight on Sunday 27 February, asking for assistance from BAPS Swaminarayan Sanstha in ensuring the safe passage of Indian nationals on the Polish, Romanian and Hungarian borders with Ukraine.

This has included thousands of Indian nationals, mainly students, who have been left stranded amid the conflict.

Brahmaviharidas Swami, with years of experience in disaster relief work, joined an emergency meeting in Delhi by video conference from Dubai.

After expressing his anguish at the plight of the refugees, Brahmaviharidas Swami reassured the Prime Minister that help was already on its way.

“We have already been instructed by His Holiness Mahant Swami Maharaj to mobilise BAPS volunteers from all over Europe.”

BAPS is also arranging accommodation facilities and coordinating medical assistance and is working closely with the Indian government as well as local partners to further expand the humanitarian efforts as the situation escalates.

Vijay Kumar Singh, former Indian Army Chief of Staff and current Indian Minister of State for Transport and Civil Aviation, observed the tireless efforts of the volunteers first-hand in Rzeszów. He commented: “BAPS has always been at the forefront of community service, being the first to arrive and the last to leave. The people of India are indebted to your swift, selfless and organised action.”

Shailesh Bhavsar, a lead BAPS volunteer from Paris, added,

“The situation in Ukraine is desperate and tragic. The priority is to support those seeking refuge by providing them with food and shelter. We are working closely with transport networks and logistical agencies to ensure the safe and timely delivery of essential services to those in need.”

BAPS volunteers are inspired by the ethos of Pramukh Swami Maharaj, who personified the motto “In the joy of others lies our own”, and there has perhaps never been a more opportune moment to embody this selfless spirit of public service by providing the basic needs for those severely impacted by the conflict.

Changes to Subclass 476, 407 and 408 Visa announced, Here’ details

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3 March 2022 10:15 AM

Australia’s Minister for Immigration Alex Hawke has announced new changes to skilled-recognised graduate visa holders.

These changes will be able to sustain the workforce demands by multiple sectors. The Australian economy has performed better than expected and a strong housing sector demand is further boosting it.

Eligible Skilled-Recognised Graduate (Subclass 476) visa holders who lost time in Australia as a result of COVID-19 international border restrictions will have their visas extended for 24 months.

Minister Hawke says, “With unemployment at record lows, the Government is providing targeted incentives for skilled workers to remain in Australia.”

“There are more jobs now available in Australia than before the COVID-19 pandemic, and businesses across all sectors of our economy are crying out for skilled workers to fill vital roles,”
he said.

Changes for Skilled-Recognised Graduate (Subclass 476) visa holders

This visa allows recent engineering graduates to live, work or study in Australia and will provide eligible visa holders with the usual length of the visa, plus an additional six months.

Minister for Immigration Alex Hawke said this would allow current and former Skilled-Recognised Graduate visa holders to enter, or remain in, Australia until April 2024.

“This measure recognises the importance of qualified engineers to Australia’s economy, particularly as we continue to manage the COVID-19 recovery,”
Minister Hawke said.

There are several thousand Skilled-Recognised Graduate visa holders who lost time in Australia due to travel restrictions. The extension is expected to take effect in April 2022, subject to amendments to the Migration Regulations 1994, and eligible visa holders will be notified directly by the Department of Home Affairs of the extension of their visa and may arrive in Australia after this occurs.

It will also apply to people whose visas have already expired, providing they were unable to use the full length of their original visa due to COVID-19 international travel restrictions.

Changes for Training (Subclass 407) visa holders

The Morrison Government has supported Australian businesses during the pandemic by allowing Student visa holders to work additional hours in critical sectors.

Due to current workforce shortages, the Government is temporarily extending this arrangement by removing the limit on secondary Training (subclass 407) visa holders’ working hours across all sectors of the economy.

This measure takes effect immediately for existing and new secondary Training visa holders and will be reviewed in April 2022.

Changes for access to COVID-19 Pandemic Event (Subclass 408) visas

Temporary visa holders with work rights will be able to access the COVID-19 Pandemic Event (Subclass 408) visa incurring no Visa Application Charge for a period of 6 or 12 months if they work in any sector of the Australian economy.

Presently, the COVID-19 Pandemic Event visa is available with no Visa Application Charge for 12 months for any person working in, or with an offer to work in agriculture, food processing, health care, aged care, disability care, child care, and tourism and hospitality.

The new arrangements will only be available for Pandemic Event visa applications made on or after 21 February 2022 by:

Temporary visa holders who were in Australia prior to 21 February 2022; as well as
Temporary visa holders who arrive in Australia after 21 February 2022 and have work rights or a job offer from a Commonwealth funded aged care service at time of application.

Temporary visa holders working in, or intending to work in, any sector of the Australian economy including Commonwealth-funded aged care will be able to apply for the Pandemic Event visa up to 90 days before their existing visa expires and then remain in Australia for up to 12 additional months if working or intending to work in a key sector (including agriculture, food processing, health care, aged care, disability care, child care, and tourism and hospitality) or 6 months if working or intending to work in any other sector.

Removing sector limitations for eligibility for the COVID-19 Pandemic Event visa will provide further support to Australian businesses and a means to retain temporary migrants who are working or are able to work in a range of sectors across the economy. These settings are subject to ongoing review.

“Government has listened carefully to the needs of our industries and we are introducing these changes to support Australia’s COVID-19 economic recovery”.

“The Government is committed to supporting Australian jobs, supporting Australian industries and continually adjusting our migration settings to ensure that support hits the mark,” Minister Hawke said.

Why the West is pretending to need India for the war in Ukraine

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3 March 2022 9:23 AM

Indian International Students; Image Source: Twitter @PIB

“What is India doing for European security?”

This is the exact question that External Affairs Minister S Jaishankar was asked point-blank at the Munich Security Conference last week. One can think of any number of responses, none of them as civil as what the minister chose to give.

Most of all, seriously? After 70 years of arming and supporting Pakistan, the West really wants to ask this question?

You just looked the other way on China and COVID. You looked away as Chinese troops brutally attacked India in the middle of a pandemic. And you just left a huge cache of weapons, even attack helicopters and transports for the Taliban in Afghanistan. The smaller of those weapons have already made it into the hands of terrorists in Kashmir.

And now you dare ask what we are doing for your security?

But the West is not kidding. Over the last one month, the West has hit us with almost everything they have, demanding that we join their war. Governments think tanks, foreign policy experts, newspaper columnists, even sundry comedians and Internet influencers. They are pleading, they are threatening, they are hysterical. Come on, India. You must condemn Russia, or else.

The other day, ambassadors of all EU countries met in Delhi in a show of solidarity for Ukraine. That is their business, of course, but why Delhi? Was no other capital city on earth available to them? It was yet another tactic to put pressure on India.

So far, our government has refused to buckle under pressure. And, by most accounts, the vast majority of Indians are with the government on this one. Should we spoil relations with a long time ally and number one weapons supplier to make the New York Times happy? No way.

#India abstained from #UN resolution on #RussiaUkraineConflict @DrAmitSarwal @SarahLGates1 @dryadusingh @RashmiDVS @DrAmbardar @ProfVemsani @Lisa_Singh https://t.co/2B1QdYarhc
— The Australia Today (@TheAustoday) February 25, 2022

But it does not end there. We have to dig deeper behind the motivations of the West. Why this extreme focus on India all of a sudden? What big difference would it make to the Western effort if India were to condemn Russia? I have to be sceptical here. We all know that India has been climbing the global power ladder for a while now. Did we become a superpower already without actually realising it?

Suppose for a moment that India agrees to make Washington happy. Or as think tank experts like to call it, decides to stand up for “democracy and freedom.” Suppose that our External Affairs Ministry released the most blistering statement condemning Russia’s actions in Ukraine. What happens next? Will the Russians retreat immediately, terrified of the fearsome power of the Indian Army? Will Russia and China, fearing sanctions from India, fold like wet tissue? Will they start celebrating with Indian flags on the streets of Kyiv? I doubt this.

Then why is the West so desperate to have us on their side? Here is one possibility. They are not seeking our help. They are just trying to demonize us.

They understand India’s interests and compulsions perfectly. They know that New Delhi will not toe their line, and India will not condemn Russia. That is why they have drawn a moral line in the sand and are shouting from the rooftops that India is on the wrong side of it. Who hates freedom? India. Who supports aggression? India. Who is hypocritical and against a rule-based international order? India.

#Ukrainian not letting Indian students to board the train ,this is what real #racism is. #RacistUkraine #RussiaUkraine pic.twitter.com/jmmOsyqHoc
— The Rathore (@TheRathore3) March 2, 2022

And here is the real subtext of what they are saying. Which is the country that does not deserve any support from the world? India.

My mistake. It is not subtext at all. In fact, they say it quite openly. Indians are hypocrites. Because India won’t go against Russia over Ukraine, the Indians deserve nothing from the world in their struggle against

Again, they are not seeking our help. They are manufacturing an excuse for themselves to stay out in case of Chinese aggression against India.

If something were to happen between China and India tomorrow, the West would like to stay out. Of course, they would. While placing sanctions on Russia, they couldn’t even bring themselves to give up the chance to sell expensive watches and jackets to Russian oligarchs. Do you think they would be willing to give up trillions of dollars of trade, and their entire supply chains, to make a point against China and in support of India? Ha!

But nevertheless, it would be a bad look for the West. The supposedly democratic West sided with the Chinese Communist Party dictatorship against a democratic India.

How to get out of this tangle? The answer is obvious. Demonize India on all fronts. Go label the Indian government as genocidal and Nazi. They do this behind the facade of “experts” and “civil society organisations,” of course. So they get Freedom House and Swedish V-Dem or whatever to declare that India is not even a democracy anymore. When war breaks out in Eastern Europe, they get the New York Times and Wall Street Journal to tell the world that Indians hate freedom.

China likes this, of course. They understand that India derives tremendous moral authority from the fact that we are a democracy. There are only two ways for China to blunt this advantage. One, China could transform itself into a democracy, which the Communist Party obviously doesn’t want. The only other option is to vilify India internationally so that India is also seen as an authoritarian, and genocidal state.

This is exactly what the global media, the experts, the think tanks have all been saying for eight years now. The West needs this narrative against India. China needs this narrative against India. And both are presumably willing to pay. What a wonderful coincidence that “experts” worldwide have come to exactly this conclusion: India is evil.

That is how Delhi Police using water cannons became an international human rights violation. Water cannons which are used around the world, in France, in Germany, in Italy or in Switzerland, run no such risks. We just saw Canada declare a national emergency, seize private property and suspend civil rights to clear out one bridge after a two-week protest. But nothing can compare to the horrors of Modi’s “undeclared emergency.”

Or think about it this way. If the West really needed us so desperately, do you think they would have spent the last eight years demonizing us? They were happy to back even Saddam Hussein, the military dictators in Pakistan, and even Osama bin Laden personally when they thought these guys could help them. But India of 2022 is such a cruel and unjust place that the columnists at the Washington Post have to scream out their conscience?

As President Biden would say; come on, man….

Author: Abhishek Banerjee is a prominent social activist in India.
Disclaimer: The article was first published on DYNASTYCROOKS. The author is solely responsible for the views expressed in this article. The opinions and facts are presented solely by him, and neither The Australia Today News nor its partners assume any responsibility for them. You can find more of his writings here.

Indian international student wins $16K in unpaid wages

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2 March 2022 11:26 AM

An Indian international student living in Brampton (Ontario, Canada) has won more than CAD16,000 in unpaid wages.

Satinder Kaur Grewal, 22-year-old, went public with her labour dispute against the operators of a local restaurant in Brampton.

Brampton has a large South Asian community and Indian international students often find part-time work with small businesses.

Image source: Screenshot – Satinder Kaur Grewal – CBC

CBC News first reported on Satinder’s fight against her former employer, Chat Hut, last December.

She then filed a complaint with the Ontario Ministry of Labour alleging that she worked long hours and through holidays for less than minimum wage.

She further added that the company never properly added her in the payroll during her time there.

Satinder claimed that the restaurant’s owners paid her in cash, violated overtime rules and stole some CAD 18,000 worth of wages over a six-month span.

All this left her financially broke and severely depressed as Satinder left the job without being paid.

Grewal told CBC News in an email:

“Winning my wages has completely changed my life. When I worked at Chat Hut, it was very depressing for me because I gave my whole life to them.”

Satinder started working with the Naujawan Support Network to raise awareness about her situation. She observed:

“Even if nothing has happened to you now, in the future, your brother, sister and friends could face this problem.”

This is a grassroots organization in Canada that aims to help Indian international students and other young workers dealing with mistreatment and exploitation.

The group staged a protest at the Chat Hut on December 4, with her supporters chanting: “Chat Hut, Chor Hut” (Chat Hut is a thief) and “Lutt Lutt Band Karo” (Stop stop wage theft).

Image source: Satinder Kaur Grewal – NSN protest – Screenshot CBC

Parmbir Gill of Naujawan Support Network told CBC:

“Wage theft is no longer acceptable in Brampton. It has a cost now. Groups of organised workers will impose that cost through protests, boycotts, postering campaigns and other actions that expose exploiters to the community and force them to change their behaviour.”

The Ontario Ministry of Labour told the media it began looking into the case on December 23.

On investigation, the ministry found Satinder’s complaint valid.

However, during its investigation, the ministry confirmed Chat Hut decided to settle the dispute and paid her the CAD 16,495.29 she was owed.

Satinder says:

“I learned that when bad things happen in your life, you have to stand up and raise your voice.”

Chat Hut’s management declined to comment or provide any further comment to CBC News on its settlement with Satinder Kaur Grewal.

In 2019, a report funded by StudyNSW entitled International Students and Wage Theft in Australia revealed that the overwhelming majority of international students are subject to wage theft and poor employment conditions.

Based on a survey of over 5,000 international students, the report found 77% of international students in Australia were paid below the minimum casual hourly wage.

The report highlighted that 38% reported that they did not seek information or help for a problem at work because they did not want ‘problems that might affect my visa’.

Australia plans to invest $10 million in international education innovation to minimise skills shortage

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28 February 2022 3:57 PM

International Students in Australia; Picture Source: @StudyNSW

The Australian Government plans to invest $10 million in six new initiatives to assist the international education sector to position for the future.

This investment is to support the implementation of the Australian Strategy for International Education 2021-2030.

Image source: The Hon Stuart Robert MP – liberal.org.au

Acting Minister for Education and Youth Stuart Robert said in a statement these initiatives would complement existing initiatives to grow the sector, which has been hit hard by COVID-19.

“Australia is an attractive place to study for international students. However, the pandemic has had a significant impact on student numbers putting Australia’s international education sector under immense strain.”

Minister Robert further adds:

“That’s why the new strategy is so important and today’s announcement will support a range of initiatives that will further help Australia to reaffirm its position as a global leader in innovative, high-quality international education.”

In addition to the $45.2 million of support measures announced alongside the new strategy, this $10 million worth of initiatives will be funded under the International Education Innovation Fund.

As per the statement, these initiatives will support the international education sector to reach new markets and pilot innovative new products.

This fund will also help align local educational opportunities with Australia’s identified skills shortages.

Funded initiatives include:

$2.2 million to support post-doctoral placements in Australia for the best and brightest international students from across the region. This will complement the Government’s recently announced National Industry PhD Program under the $2.2 billion Research Commercialisation Action Plan.
$450,000 to identify opportunities for diversification across the international education sector to improve business resilience and student experience.
$1.5 million to pilot innovative transnational education products to help Australian providers to identify and leverage emerging offshore opportunities. Pilots will be delivered in partner countries across South East Asia, Latin America, South Asia and North Asia.
$1.3 million to pilot a set of VET micro-credentials targeted at international students to meet identified skills gaps. This will work alongside the Government’s new $8 million
micro-credentials initiative for tertiary providers, deepening market access for Australian VET providers.
$4.25 million to deliver critical skills courses in partner countries, supporting Australian education providers to expand offshore delivery and build partnerships with industry.
$300,000 to develop a best practice guide for the sector on international student engagement.

Minister Robert observes that this strategy was the result of extensive public consultation about the future of Australian international education.

As per the government note, all initiatives draw on advice from the Expert Members of the Council for International Education, with outcomes supporting priorities under the new strategy.

In the 2019-20 financial year, the Indian student market was estimated to be worth 6.6 billion dollars to the country’s economy.

India makes up 21 per cent of international students and is also widely considered by experts as a potentially important source of both increased international student and migrant flow in the future.

However, Covid-19 border closures for more than two years resulted in a decrease in international student enrolments in the Australian higher education sector.

Minister Robert is hopeful that the International Education Innovation Fund will provide an important next step to recover and grow Australia’s largest services sector.

Queensland floods: Eight dead, three others missing

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28 February 2022 2:24 PM

Queensland Floods; Image Source: Twitter @Queensland Police

Eight people have died and up to three people are missing in Queensland’s “fast and furious” floods, which have damaged thousands of homes and businesses after one year’s worth of rain fell on parts of the southeast.

Surf lifesavers found the bodies of a man in his 50s and his dog in a submerged car in the Currumbin Valley on Monday after they drove into floodwaters overnight, police said.

Another seven people have died in the catastrophic floods, which have impacted more than 18,600 homes and more businesses.

Police hold “grave concerns” for two men missing in Brisbane and to the north at Glen Esk, while they’re also looking for a car reportedly swept away at Yatala.

However, 32-year-old Cameron Rogers has been found safe and well after he went missing near Goodna, west of Brisbane.

There is major flooding on the Brisbane, Bremer, Lockyer, Logan and Albert, Mary, North Pine, Noosa and Maroochy rivers after a year’s worth of rainfall in some areas in one or two days.

Premier Annastacia Palaszczuk said the intensity of the downpours and severity of the floods were not expected.

“It has been fast and it has been furious, and it has had a big impact. That is the facts,” Ms Palaszczuk told reporters on Monday.

Emergency services conducted more than 130 Swift water rescues and responded to more than 2200 calls for help in 24 hours.

The Brisbane River is falling after peaking 3.85 metres on Monday morning, below the 2011 flood peak of 4.46m, but is set to rise again to 3.7m at 9 am on Tuesday.

More than 15,000 homes are expected to be impacted in Brisbane and 3600 in Gympie, north of the Sunshine Coast, and there are 1544 people in evacuation centres.

More than 54,000 homes are without power, but drinking water supplies are secure with the main Mount Crosby Water Treatment Plant back online after flood debris clogged its filters on the weekend.

Trains, buses and ferries have been suspended across much of the southeast and major highways including the M1 have been cut by floodwaters, however, the Bruce Highway north of Brisbane is set to reopen on Monday.

All schools in the southeast have been closed and people are urged to work from home.

Bureau of Meteorology forecaster Diana Eden said many areas had recorded more than 70cm of rain in the past week with Mount Glorious topping out at 1.5m.

“Some of the rainfall totals that we’ve seen over the course of this event have been approaching rainfall totals that we would normally expect over the course of a year,” she said.

About 2.2 million megalitres of water, the equivalent of four Sydney Harbours, has flowed into the Wivenhoe and Somerset Dams.

Premier Palaszczuk defended not pre-emptively releasing water from the dams for flood mitigation last week.

“We didn’t know that was going to happen. This is Mother Nature. I can’t control Mother Nature, the people of this state can’t control Mother Nature, and sometimes they throw stuff at us and we got to deal with it,” she said.

Prime Minister Scott Morrison said disaster assistance payments would be available for affected communities and the Defence Force would be deployed to help clean up.

“It can include troops themselves engaged directly in the same clean-up effort that so many people from the city of Brisbane will be engaged with as part of the Mud Army,” Mr Morrison said.

The weather bureau said there could be more severe thunderstorm activity in the region from Wednesday, with damaging winds, hail and heavy rainfall. However, it would not be as intense as the last week.

ISKCON temple in Ukraine opens doors for providing food and shelter

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28 February 2022 12:13 PM

ISKCON temples helping people in UKRAINE

Hindu temples in Poland and Hungary are helping and supporting people who have become refugees because of the invasion of Ukraine by Russia.

ISKCON Temples global communication released a statement. which says,

“We offer our prayers for all persons who are victims of the evolving situation in Ukraine. We earnestly pray that no more innocent people may suffer and that peace will soon return to that region.”

Heartwarming gesture. The @iskcon members have begun a massive food relief effort in Hungary at the request of the Indian Embassy to provide fresh food and water for the students coming home. ISKCON will be expanding this for the Ukrainian refugees coming in very soon. 🙏 pic.twitter.com/cEkM2n4VL4
— Aditya Raj Kaul (@AdityaRajKaul) February 27, 2022

“We are especially heartbroken that thousands of devotees of Lord Krishna are living in the areas in conflict. Members of our communities live in both Ukraine and Russia and we fear that great pain is being borne by them, and their extended families and friends, both spiritual and secular. May Lord Krishna protect one and all.”

Meanwhile ISKCON Hungary has started food relief for Indian Students & refugees who are arriving from Ukraine.

The India Embassy in Hungary has sought ISKCON’S help in arranging food & water for the Indian Students arriving to board flight to India.

The Vice-President of ISKCON, Radharamn Das urged people in need of food or shelter to contact one of the ISKCON temples in Ukraine, as they are ready to serve people in need.

When life gives u lemons make lemonade. This is what Sanatan Dharma has taught these ISKCON devotees in Kiev. And they r applying what they have learnt in these difficult times.

Our ISKCON temples all over #Ukraine is ready to serve those in need. U r welcome at our temples. pic.twitter.com/Adovo5GmdC
— Radharamn Das राधारमण दास (@RadharamnDas) February 26, 2022

“Our devotees and temples are committed to serving those in distress. Our temple doors are open for service”,
Radharamn Das said in a tweet.

ISKCON statement says, “We earnestly pray for that day when Russians, Ukrainians, Americans, Chinese, Indians, Africans, Europeans, and all peoples will come together under the banner of affection for each other and for God. True peace, true security, and true fulfilment cannot be achieved by economic or political gains. They are found by knowing that we are all God’s children and that all people, indeed all living beings, deserve our respect, protection, and affection. Hare Krishna.”

The International Society for Krishna Consciousness (ISKCON) has 54 temples across Ukraine.

There is also a website to find the nearest temple in Ukraine. The locations of these temples can be found here.

Market Mantra: Worst week since October 2020 amid Ukraine crisis

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28 February 2022 11:17 AM

Australian shares ended 3.1% lower during a chaotic week as investors stayed away from risky assets after Russian troops invaded Ukraine.

Even though the market showed some signs of recovery on Friday with Western nations imposing harsher sanctions on Russia, it was not enough to lift the benchmark which posted its worst week since October 2020.

Australia also imposed sanctions against Russia, targeting several of its elite citizens and lawmakers. Australia, however, was cautious to not impose any oil sanctions which could have inflamed inflation and oil prices further.

Overall while the Australian market wiped out more than 75 billion dollars in value last week there were some bright spots. Afterpay’s owner Block (SQ2) rallied an impressive 40% after posting a better than expected quarterly profit on the back of strong cryptocurrency trading gains and booming retail trade.

Block’s positive results helped other tech companies as well, with Australian technology gaining 8.1% on Friday to mark their best close in 10 years, amidst a shell shocked market that is racked with uncertainty about how the Ukraine crisis will develop as many investors search for safe havens such as gold and oil.

Retailers also recorded interesting results last week. Harvey Norman gained more than 3% despite reporting its first drop in sales since the start of the pandemic. Underlying profits also fell 22%. However, it was the revaluation of the group’s extensive property portfolio that boosted investor sentiment.

Kogan also dropped heavily for the week as continued supply chain disruptions created havoc with product availability.

Financial stocks and miners were all down as well as investors remain cautious due to the situation in Ukraine and the upcoming RBA meeting on Tuesday.

A recent poll done by Reuters found that the RBA will raise interest rates for the first time in over a decade in the July-September quarter.

Looking ahead, there are many Australian releases this week that traders will be looking out for.

The main one is GDP figures released on Wednesday. It is expected that the Australian GDP will come in at around the 33% mark, which is reasonable given the impact of COVID restrictions and lockdowns.

The other big event during the week will be the RBA board meeting on Tuesday. We believe though there will be little change to RBA’s relaxed stance towards inflation during the meeting this week.

Retail trade data, private sector credit, house prices, balance of payments, international trade, buildings approvals and retail trade data will also be released this week.

However, it is the progress or otherwise of the Ukrainian invasion that will dominate the world markets including Australia.

The other big question will be how tough US Federal Reserve will be when it comes to raising interest rates in March in light of the situation in Ukraine.

Fed Chairman Jerome Powell, is due to testify before Congress on Wednesday. Many economists are forecasting that the rate rise in the US will be lower than expected due to the current uncertain international situation. While some think that the US Federal Reserve will not be distracted from its fight to control inflation and hence will continue with a substantial rate hike in March.

In light of mixed messaging from different economists, there should be no shortage of interpretations coming from Jerome Powell’s testimony.

The State of Union address by US President Joe Biden on Monday will also be keenly watched by the market movers to work out if there will be any further economic ramifications.

With International, tensions taking centre stage gold fluctuated wildly throughout the week as it remained the most sensitive asset to shifts in risk perception.

Gold started the week trading sideways as investors remained on the sidelines hoping for a diplomatic resolution to the Russia-Ukraine crisis. However, as Russia started piling troops near the Ukrainian border risk flows began to cool off and bullion started making a move up on Wednesday.

During the Asian session on Thursday, Russian President Vladimir Putin announced that he had launched a “special military operation” in Ukraine and the aim was to demilitarise Ukraine.

Ukrainian President Volodymyr Zelensky soon announced martial law amidst news of shelling by Russian troops across Ukraine. The knee-jerk reaction of the market to the news was an intense flight to safety thus providing a boost to gold.

By European session on Thursday gold reached $1974 an ounce, its highest level in 17-months whereas European and Asian stocks suffered heavy losses.

The West’s reaction to Russian aggression on Russia on Friday morning eased investor fears over the negative implications of a prolonged Russia-Ukraine war on the global economy.

The West while announcing a series of sanctions left the Russian energy market untouched. Western nations also showed hesitancy in cutting Russia off from the SWIFT system, while reiterating it was an option.

The positive tilt in investor mood due to milder than expected sanctions witnessed a shift in risk sentiment as bullion gave up all its weekly gains to end in negative territory for the week, thus snapping its three-week winning streak.

Moving ahead, the actions last week showed that gold is the go-to safe-haven asset for the world market. However, it is also the first commodity to be sold when risk sentiment improves.

Looking ahead, in case Russia agrees to look for a diplomatic resolution and refrains from advancing its troops any further during the start of this week gold will face additional selling pressure. On the other side, a prolonged military conflict with Russia’s intention to take over Kyiv and additional sanctions from the West including cutting off Russian banks from the SWIFT system will support the yellow metal.

From a technical point of view, we remain bullish on gold as long as the price trades above $1870/ounce. $1900 an announce should act as the first resistance on the upside and $1910 and $1920 should act as the next hurdles.

On the flip side breach of support at the $1870 level could see the precious metal slide all the way down to $1850.

Movement in oil prices followed a similar pattern to gold last week. Oil rallied past $100 per barrel as Russia launched an attack on its neighbour. The global oil market which was already perilously tight due to the inability of supply to keep up with the demand recovery from the pandemic got immediately spooked.

However, the prices retreated subsequently to close in negative territory for the week as it emerged that Western governments would not impose sanctions on energy exports from Russia.

In the US, President Biden imposed its toughest sanctions on Russia as tanks moved closer to the Ukrainian capital, but said the currency clearing would include carve-outs for the energy payments. Almost 40% of Moscow’s revenues come from energy exports.

Biden though further added that he is working with other major consuming nations on the release of a coordinated reserve before energy sanctions can be put on Russia. Any such release however would need to be large to prevent a major impact on prices.

Both Japan and Australia have since indicated that they may be part of an international release, China on the other hand has said it has no immediate plans to intervene in oil markets. South Korea too has distanced itself from any reserve releases, however have said they are willing to take action if there is a major disruption in energy shipments.

Goldman Sachs Group Inc said in a note that it expects oil prices to hit $125 per barrel should demand destruction be required to balance the market. Russia’s invasion of Ukraine has already brought turmoil to the commodities market as vital shipments from ports in the Black Sea.

At the time of writing this report at least three merchant ships carrying crude oil in the Black Sea have been hit since Russian forces began an attack on Thursday. The insurance companies have further added to the chaos by either not covering vessels or demanding huge premiums to do so.

Many analysts expect ramifications on inflation and global energy prices to be immense with huge moves in oil and gas prices as the West work on sanctions to maximise the long term impact on Russia.

Russia is the third-highest producer of oil after Saudi Arabia and the United States and the second-highest exporter of oil. It is also the largest exporter of natural gas.

With the near-zero likelihood of foreign troops coming to Ukraine’s direct aid, Western nations are depending on financial and economic tools to stop Kremlin’s advance towards Kyiv.

However, there is also fear that further and most extreme attempts to completely isolate Russia financially can incite Putin to completely turn off energy flows to Europe. As such many analysts expect oil prices to hit $130 a barrel by June if Western nations impose sanctions on Russia’s energy exports due to the Ukrainian conflict. WTI and Brent Crude have not traded at $130 since July 2008.

Last week in our report we discussed how the Russia-Ukraine war could be good for Australia as strong sanctions on Russia would push up prices of goods exported by Australia thus benefitting the local currency.

As such even though world equity markets got hammered as geopolitical tensions in Ukraine simmered, the Australian Dollar was the best performing G 10 currency against the US Dollar.

Although it is largely believed Aussie Dollar which is considered a risk currency was spared as risk sentiment improved as Moscow was spared from being kicked out of SWIFT and energy restrictions.

As such selected Russian banks expelled from SWIFT on Saturday night should have an impact on the Australian Dollar negatively on Monday as it will interrupt trade with World’s largest gas exporter.

However, we believe it should boost prices and demand for liquified natural gas exported by Australian companies such as Woodside Petroleum. The latest sanctions on Russia announced jointly by EU, UK, Canada and US on the weekend has made the collapse of the Russian Rouble inevitable and increased risk of Russian debt default last seen in 1998.

Even though Australia has limited direct exposure to Russian markets the headwinds from the latest sanctions is expected to impact Australia along with the global economy. It is expected that there will be a sharp rise in fuel, gold, iron, aluminium and food prices, which further will flow into inflation.

Australia competes with Russia in the export of gas and with both Russia and Ukraine for the export of wheat.

The sanctions on Russia will help the Australian dollar and exporters with the world buying more Australian LNG and coal seam gas at higher prices to meet interruptions to energy supply caused by sanctions on Russia. As such while Australian exporters and state and Federal Governments will benefit from higher revenue due to the conflict, the Australian consumer will suffer.

Having said that, many analysts believe that sanctions on Russia may backfire with only 30 nations out of 200 signing up on sanctions on Russian banks and major economies like China and India even refusing to criticise Russia for invasion of Ukraine.

According to Mr Muraviev, Associate Professor of National Security at Curtin University, “World is not imposing sanctions, the West is imposing sanctions. By imposing more sanctions, we are making the Russians more and more self-sufficient and recreating an economic version of the Soviet Union.” He further stated that Russia has been developing alternatives to the SWIFT payment systems for a long and has been working collaboratively with China.

As such looking ahead we feel that while sanctions on Russia may benefit the Aussie in the short term and boost revenue for exporters and governments, it would soon be overrun by the adverse impact of global disruption, resulting in the Australian Dollar declining on negative risk sentiment.

The Indian bonds and currency both declined last week as geopolitical tensions weighed on investor sentiment. The Indian government’s decision to go ahead with the last scheduled debt sale of the year also dented the Indian Rupee.

The government of India raised Rs 230 Billion at the last scheduled debt auction after cancelling the last two auctions due to a comfortable cash balance position.

Economists expect Indian currency to continue to come under pressure with recent escalations of geopolitical tensions expected to further inflame crude oil prices. India imports more than 70% of its oil requirements and high global prices pushes up the current account deficit. We expect the USD/INR pair to test 76.25 levels during the coming week.

For people wanting to send money to India, this may be a good time with the Australian Dollar holding strong and the Indian Rupee declining.

Moving on to digital currency, cryptocurrency prices swung wildly over the last week as Russia’s invasion of Ukraine sent shock waves throughout global markets.

As the news of the Russian invasion into Ukraine started to come extreme fear gripped investors sending bitcoin prices below $35,000. Ethereum and other crypto assets followed BTC lower.

Bitcoin, Ethereum and crypto-assets however recovered strongly on Friday along with stock markets as traders came to terms with Russian sanctions.

The extreme volatility in Bitcoin when gold prices have rallied has undermined the popular narrative that the largest digital currency has begun acting like digital gold and investors will flee to it in times of perceived risk.

In fact, crypto traders are now bracing for more severe rotations lower after Russia was kicked off the world’s main international payments network SWIFT on Sunday morning.

It is widely expected that this will result in catastrophe in the Russian currency market with many analysts predicting it will result in the Russian Rouble stopping trading and then the exchange rate is fixed at an artificial level just like in Soviet times.

Many crypto traders believe that the latest measures could trigger fresh volatility and Bitcoin may test the $30,000 support in the near short term. If the situation in Ukraine escalates further Bitcoin may fall even below $30,000 levels as investors will leave for safe-havens.

However, we believe that as sanctions grow in Russia it may use cryptocurrency to circumvent those sanctions thus providing support again to digital currencies. Russia otherwise may not be able to survive growing sanctions from the West.

In agricultural products, the grains market continued to rally as grain traders weighed the impacts of the Russian attack on Ukraine on global food supplies.

With Russia and Ukraine both being major exporters of wheat, wheat prices rallied to a 13.5 year high before stepping back a bit on Friday.

Ukrainian ports are closed for commercial shipping after Russian troops invaded the nation. Corn and soybean also rallied for the week as traders weighed the ongoing geopolitical conflict that could limit Black Sea exports. It is expected the grain markets will likely continue to see spikes over the next few days.

Author: Ateev Dang is a trader and trading coach by profession. He runs a business called Glow trades Pty Ltd where he teaches anyone who is interested in starting their trading journey how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

Shreyas Iyer, Jadeja fire India to win over Sri Lanka in 2nd T20I, seal series 2-0

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27 February 2022 2:47 PM

Ind vs SL T20 in Dharamshala; Image Source: @BCCI

Shreyas Iyer smashed a stylish fifty before Ravindra Jadeja slammed 45 in 18 balls to help India defeat Sri Lanka in the second T20I by seven wickets on Saturday.

With this win, India also sealed the two-match T20I series (2-0) with a game to go. The third T20I between both sides will be played on Sunday. Chasing 184, India got off to a bad start as the side lost skipper Rohit Sharma in the first over.

Dushmantha Chameera removed Rohit as the batter edged the ball onto the stumps. Ishan Kishan and Shreyas Iyer stitched a 35-run stand but Lahiru Kumara removed the batter in the sixth over.

Shreyas and Sanju Samson then carried the innings and accelerated at the right time to get close to the target.

Samson got out in the 13th over as Binura Fernando grabbed a one-handed catch to reduced India to 128/3.

However, Jadeja and Shreyas Iyer (74) took India home with an easy win over Sri Lanka in the second T20I. Jadeja and Shreyas stitched an important 58-run stand in 25 balls.
Earlier, put in to bat first, Sri Lanka got off to a decent start as the side scored 32 runs after the completion of power play.

The visitors continued scoring runs at a brisk rate before Ravindra Jadeja removed opening batter Danushka Gunathilaka in the ninth over.
In the next couple of overs, Sri Lanka lost two more wickets as Harshal Patel picked his first wicket of the day.

Sri Lanka were 102/4 in the 15th over but Pathum Nissanka and skipper Dasun Shanaka played some lusty shots and took Sri Lanka over the 150-run mark in the 19th over.

Sri Lanka scored 183 runs in the allotted 20 overs as Shanaka smashed the last two balls for six to end the innings on a high.

Brief Scores: Sri Lanka 183/5 (Pathum Nissanka 75, Dasun Shanaka 47; Yuzvendra Chahal 1-27) vs India 186/3 (Shreyas Iyer 74, Ravindra Jadeja 45; Lahiru Kumara 2-31)

Would you like India’s top universities to set up campuses in Australia?

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23 February 2022 1:21 PM

iitd — Image source: IIT-Delhi - Wikipedia.

India’s top universities and the Indian Institute of Technology (IITs) are in talks to open up campuses and centres abroad.

On February 18, the Indian Institute of Technology (IIT) signed a deal to establish its first branch in the UAE as part of the India-UAE trade deal.

A joint UAE-India vision statement said that this will be the first time an IIT will be established outside India.

“Confirming the historical relations existing between the two countries and realising the need to establish world-class institutions that encourage and support innovation and technological progress, the leaders agreed to establish an Indian Institute of Technology in the United Arab Emirates.”

Further, according to a report, some other top Indian universities are also keen to open campuses to cater to international students in countries such as the United Kingdom (UK).

Image source: Michelle Donelan – Wikipedia.

Recently, UK’s Minister for Higher Education, Michelle Donelan, tweeted:

“Our door is always open to the Indian Institutes of Technology, which could be a tremendous asset to this country. Mutual cooperation in Higher Education is a great source of strength and friendship between the UK and India.”

Our door is always open to the Indian Institutes of Technology, which could be a tremendous asset to this country. Mutual cooperation in Higher Education is a great source of strength and friendship between the UK and India. @HCI_London @JoJohnsonUK https://t.co/r4LCTPq3Ha
— Michelle Donelan MP (@michelledonelan) February 14, 2022

Data shows that in 2020-2021 there were 300 times more Indian students (53,000) enrolled here than British students (173) studying in India last year.

Experts say that at this rate of admission, Indian students will surely overtake Chinese students as the largest group on campus within the next three years.

Image source: Lord Johnson of Marylebone – Twitter.

UK’s former universities minister Lord Johnson of Marylebone believes it is imperative to increase education and research ties with India:

“If there is one country today with the human capital and economic potential to equal China and to become a knowledge partner of comparable importance for the UK it is India.”

Lord Johnson of Marylebone advises the Indian institutions keen to set up campuses in the UK:

“If an Indian higher education institution wants to set up in the UK, all it would have to do is to register with Office for Students, pass relevant quality assurance processes and crack on with it.”

Image source: PM Narendra Modi – Wikipedia.

As per the recommendations of the New Education Policy of India, Indian Prime Minister Narendra Modi has vowed to internationalise Indian higher education.

Image source: Gaitri Kumar, India’s High Commissioner to the UK – Wikipedia.

This was confirmed by Gaitri Kumar, India’s High Commissioner to the UK.

Speaking at a webinar organised by the Observer Research Foundation, Kumar said:

“Foreign institutes of repute are invited to establish branches of their institutions in India. We have only last week shared the desire of our IITs to open campuses in the UK and I must say that this has been well received.
This is another thing I’ll be working on immediately to get the IITs and interested universities here together.”

She added:

“India would like her partners to consider India as more than just a market for education because we seek to forge international knowledge relationships, as we believe in an ancient proverb that knowledge is the only wealth that when shared enriches the giver and receiver.”

In the latest academic year, 84,000 Indian students are already enrolled in the UK.

While the new international student numbers in the UK is at record levels – 38% higher than pre-COVID, it is estimated that the number of both Indian international students and Indian-origin people in Australia will rise significantly in the coming years.

In India, there are 23 IITs, located in various regions, that offer undergraduate, postgraduate and doctorate level programmes in a range of subjects.

Now, the question for aspiring Indian-origin engineering students and parents is: would you like to see an Indian Institute of Technology (IIT) in Australia?

Australian state recommends ban on ‘Nazi Swastika’ display with exception for sacred Hindu Swastika

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22 February 2022 6:07 PM

Swastika is not Hakenkreuz (Nazi Symbol); Image Source: @CANVA

New South Wales parliamentary inquiry committee has unanimously recommended a ban on the public display of Nazi symbols.

The Standing Committee on social issues report noted:

“None of the participants in the inquiry expressed opposition to the objectives of the bill.”

This move has been welcomed by both Jewish and Hindu groups in the state.

Darren Bark, Chief Executive Officer of the NSW Jewish Board of Deputies, said in a statement:

“NSW is today one step closer to banning the Nazi swastika. The Nazi swastika is an emblem of pure evil.
It represents the dehumanisation of millions of people and one of the most inhumane, hate-based and murderous regimes and ideologies to ever exist.”

It is further reported that the bipartisan committee “expressed strong support for the bill’s protective objectives, including for individuals and groups in our community who are hurt, offended or intimidated by the public display of Nazi symbols”.

For the Jewish people, Nazi Hakenkreuz (meaning “hooked cross” and mistakenly translated as “Swastika”) is a constant reminder of racial hatred and the loss of life of millions of people under Adolf Hitler.

The ancient Hindu symbol of Swastika (meaning “well-being”) has been used also been used by Buddhists and Jains for millennia.

However, the committee has recommended some exceptions such as the use of the swastika symbol by Hindus.

Surinder Jain, National Vice-President of Hindu Council of Australia in the joint statement observed:

“Our sacred symbol of the Swastika representing peace and prosperity is often confused with the evil Hakenkreuz.”

He further added:

“We hope that this legislation will ban the hate symbol while freeing our sacred symbol from indoor imprisonment.”

In 2021, Victoria became the first state or territory to initiate legislation outlawing Nazi symbols.

Another Australian state, Queensland, is also thinking of introducing similar laws.

Queensland Parliament’s Legal Affairs and Safety Committee report notes:

“The committee recommends that the Queensland government establish a criminal offence that prohibits the display of hate symbols, including those relating to Nazi and ISIS ideology, with considered exceptions to the prohibition.”

Under the proposed legislation, the maximum penalty for an individual flouting the ban would be a $5500 fine or imprisonment for six months or both.

The new bill is set to be debated in the parliament.

Return to ‘Office’ and mask rules changed in Victoria, Here’ details

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22 February 2022 9:14 AM

Melbourne returns to office; Image Source: @CANVA

Changes to pandemic orders and public health recommendations in Victoria will come into place at 11:59 pm on Friday 25 February 2022.

As per the recommendations work or study from home requirements will be removed, while masks will no longer be needed in most indoor settings.

Masks will only be required indoors in the following circumstances unless an exemption applies:

People on public transport, in taxis and ride share, on planes, and indoors at an airport
People working or visiting hospitals, and indoor areas at care facilities
Workers in hospitality, retail and the court system
Workers at justice and correctional facilities
Students in year 3 or above at primary school, and workers at early childhood centres and primary schools (masks can be removed in secondary school)
People working indoors at an event with more than 30,000 people attending In special circumstances, such as if you have COVID-19 or are a close contact and you’re leaving home

Masks are recommended for other workers serving or facing members of the public, such as if someone is at reception, meeting guests or serving customers.

Minister for Health Martin Foley said, “Victorians have done such a great job getting vaccinated, so we’re able to take safe steps to get more people to return to the office.”

“We’re balancing the need to support our health system with the benefits of easing restrictions in a careful and sensible way,”
Mr Foley added.

The remaining restrictions on elective surgery will lift on Monday, 28 February 2022.

Public hospitals will be able to resume all surgery, with the capacity to be based on an individual assessment of staff availability and COVID-19 demands.

Private hospitals will be able to resume up to 100 per cent of pre-COVID activity.

The Minister for Health will also declare a number of temporary exemptions and deadline extensions for workers required to receive three doses of the COVID-19 vaccine:

The third dose deadline for workers in education facilities who were fully vaccinated on or before October 25 will be extended by a month, provided that workers have a booking within that time – meaning all education workers have until 25 March to be ‘up to date’
Fully vaccinated workers who aren’t yet eligible for a third dose will have a third dose deadline of three months and two weeks from when they had their second dose
Workers who are recent international arrivals will have a new third dose deadline of four weeks from the date of their arrival, provided they have evidence of a future vaccine booking
Workers whose temporary medical exemption (e.g., because they had COVID-19) has expired will have a new third dose deadline of two weeks following the expiry of the medical exemption

Further details on the new restrictions coming into place will be published online at www.coronavirus.vic.gov.au from 11:59 pm on 25 February.

‘Historic moment’: India wins bid to host 2023 International Olympic Committee session

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21 February 2022 1:10 PM

Image source: IOC Session 2022 - Screenshot.

India will host the 2023 International Olympic Committee’s (IOC) session in Mumbai after successfully bidding for it at the 139th IOC session in Beijing, China.

Nita Ambani, the first woman representative from India on the committee, described it as a significant development for the country’s Olympic aspirations.

“This will be a significant development for India’s Olympic aspirations and will herald the start of a new era for Indian sport.”

IOC session is the annual meeting of the members comprising 101 voting members and 45 honorary members.

Union Minister for I&B and Youth Affairs & Sports, Anurag Thakur, tweeted calling this a “historic moment.”

A historic moment as the International Olympic Committee Session is coming to 🇮🇳 India in 2023!

Indian sport has made giant strides in recent years.

Excited and proud to have been a part of the Indian delegation for this landmark occasion.#StrongerTogether #IOCSession2023
— Anurag Thakur (@ianuragthakur) February 19, 2022

This meeting will decide on the key activities of the global Olympics movement including adoption or amendment of the Olympic Charter, the election of IOC members and office bearers and the election of the host city of the Olympics.

The Indian delegation also comprised of Indian Olympic Association (IOA) President Narinder Batra, Sports Minister Anurag Thakur, and India’s first individual Olympic gold medallist Abhinav Bindra were part of the Indian delegation.

It is reported that Mumbai received a historic 99% of the votes in favour of its bid from the delegates participating in the process.

Image source: Anju Bobby George – Olympics.

Former Olympian and 2004 Padma Shri awardee Anju Bobby George told Republic TV:

“It means a lot for our Indian sports. And it is not only for the development of our sports. It is a collective thing actually – in tourism, in sports, in business.
It will be a big jump in India, and the entire world would be looking at our country. It will be a stepping stone to us bidding to host Olympics in coming years.”

This will be the second IOC session in India. The country last hosted an IOC session in 1983 in New Delhi.

Indian Comedy in its own style with no language barriers

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21 February 2022 10:18 AM

Natraj Drama Festival; Image Source: Supplied

Indian Diaspora in Perth was enthralled with a play that was presented in three different languages.

A Comedy Drama Festival (Natraj Drama Festival) was organised in Perth on January 22. An adapted version of “Charlie’s Aunt”, an English play was written by Brendon Thomas, was presented in three different languages Gujarati, Marathi and Hindi.

The drama festival represented unity in diversity and brotherhood of the multicultural Indian community. The event brought all the Indian community together irrespective of language, culture and values.

The Natraj Productions is the brainchild of Prashant Tupe.

The storyline of the play “Buntie ki Auntie”:
Four college friends Buntie, Raju Thusa, Pappu and Vikram (Vicky). Buntie, Raju and Pappu are sharing a big house they have rented. Raju’s uncle Colonel Jagjeet Thusa is an ex Indian Army man now settled in Karatha. Her Highness Kanaklakshmi Queen of Aalur (MP) India is Buntie’s Auntie. Since both are financially supported by their respective Uncle and Aunt they have no shortage of money.

They are living a lavish life and more interested in parties, enjoyment and less focused on studies. Whereas Pappu is their junior and sincere. Pappu is sharing the house with lesser rent on the condition that he will do all the house chores.

Buntie’s aunt, the queen of Princely state Aalur, is coming to Perth on a special invitation by the Consulate General of India Perth office as a cultural ambassador to attend a conference. She decides to visit Buntie as well who she has not seen for many years.

So Buntie and Raju call their girlfriends (Reena and Tina) from their neighbourhood to give her company but at the last minute the aunt’s visit is cancelled and Vicky, (Vicky is Pappu’s cousin who is quite Senior to boys and is an aspiring actor, still struggling to get a good break) who is playing a female part for a theatre group is coaxed by his two friends to become Buntie’s aunt.

What follows is a fun-filled drama with Raju’s uncle Colonel Jagjeet Thusa and the girls’ uncle Raobahaddur Bagga proposing to Auntie and the arrival of the real Auntie Her Highness Queen Kanaklakshmi of Aalur alias Vijaya and a Public Officer from Consulate General’s office Ms Sandhya who happens to be Vicky’s girlfriend.

The storyline was the same for Gujarati and Marathi only the characters names were different.

Well, known theatre personality Rohini Hattangadi also described the play as well directed. She appreciated the efforts of Prashant Tupe.
The music in the play has been given by Ashok Patki, known for his “Mile Sur Mera Tumhara”.

Prashant established Natraj Productions Australia, a Perth based organisation for theatre and entertainment enthusiasts. The mission of the organisation is the desire to give back to the community by arranging events for social causes. Through Natraj productions, Prashant is continuously bringing new subjects on stage for the Western Australian audience.

Prashant Tupe, a resident of Perth since 2006, was born and brought up in India. Though he is an engineer by profession he also has a passion for acting and theatre.

He has produced, directed and acted in different Indian languages such as Marathi, Hindi, Gujrati etc.

BY Surabhi Gupta: A journalist with 15 years experience at Press Trust of India and Times of India. She has a proven hold on Indian and Australian news and a special heart for all things Astronomy and Archaeology.

Market Mantra: ASX records third straight weekly gain on strong earnings

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21 February 2022 9:46 AM

Buoyed by strong earnings in blue-chip stocks Australian shares rose for the third week in a row. Global worries about a potential Russian invasion of Ukraine however took away some shine from the equities market as it sent the Australian share market down by 1% on Friday.

The ASX however, despite dropping 1% on Friday still managed to advance 0.1% for the week. Buoyed by CSL’s excellent profit performance health stocks were the best performer for the week.

The tech shares however continued to lose ground as Nasdaq extended its plunge and investors looked for safer havens. The Nasdaq composite index in fact produced a death-cross chart pattern on Friday night for the first time in two years.

A death cross appears when the 50-day moving average crosses below the 200-day moving average. An event that many technical analysts view as marking the spot a shorter-term correction morphs into a longer-term downtrend.

The occurrence of death cross on Nasdaq signals more pain ahead for technology stockholders in the near short term.

Shares in ZIP were particularly hit hard, falling to their yearly low last week. Zip shares are now down more than 80% from their highs almost a year ago. The BNPL sector has continued to face crunch as banks prepare to raise interest rates and regulatory concerns mount.

There was also little respite for miners last week as shares slid after China’s benchmark iron ore futures declined for four straight sessions on fear of government intervention.

Also in the decline was shares in Origin energy which declined heavily as investors digested the news that it was going to close Australia’s biggest power plant, Eraring, many years earlier than planned.

With the threat of conflict brewing between Russia and Ukraine, gold prices rallied this week as investors flocked to safe-haven commodities. This provided a tailwind for ASX listed gold producers such as Bellevue Gold, Silver Lake Resources, Northern Star Resources. The gold stocks stood tall all week to offset weakness from the tech sector.

The biggest impact on the share market last week however came from CSL which had a stellar week. The company’s half-yearly results were better than expected and CSL’s influenza vaccine division had a bumper half, ensuring group revenue lifted.

Treasury Wines and NRW Holdings also rallied on strong half-yearly 22 results. NWH was not only able to reduce debt by more than $130 million but also lifted its interim dividend by 37%, thus delighting its shareholders.

Reporting season was also friendly to Magellan, which not only beat profit expectations but went on to announce higher dividends for shareholders, Orora, Bendigo & Adelaide Bank, SG Fleet Group and JB Hi-Fi.

Moving ahead military action or otherwise around the Russia-Ukraine border will be the main driving force for markets during the week. Traders will also be looking at wage rise statistics.

It is expected that the Wage Price Index to be released on coming Wednesday by the Australian Bureau of Statistics will show a 2.5% rise in wages for the year, which is short of the 3% target eyed by the Reserve Bank of Australia.

The US estimates of economic growth and inflation, released on Thursday and Friday will also be a focus for markets during the week.

Continuing profit reporting season will also play a big role in direction of the Australian share market during the week with reports from Blue Scope Steel, Rio Tinto, Seven Group, Cochlear, Woolworths, Nine entertainment, Qantas, Medibank and Coles all coming out.

Gold recorded its best week in nine months as mounting tensions between Russia and the Western World over Ukraine lifted bullion’s safe-haven appeal.

One of the deepest crises in post-Cold War relations is playing out in Europe with Russia wanting security guarantees including Ukraine never joining NATO, and the US and its allies offering arms control and confidence-building measures.

While many Western countries including the USA are adamant that the military build-up on the Ukraine border by Russia is continuing ahead of a possible assault, Russia has been accusing the West of hysteria.

Escalating tensions between Moscow and Western countries over Ukraine and the possibility of sanctions on Russia could impact supplies of key commodities produced and exported by Russia, including gold.

Having said that, even though gold looks extremely positive heading into the week we expect that the US-Russia meeting slated for this week will likely keep a lid on gold gains. US secretary of state Antony Blinken agreed to a meeting with Russia’s foreign minister Sergei Lavrov, boosting hopes of an end to the standoff.

We may see gold range trade between $1870 and $1902 this week as traders wait for the result of talks between Russia and the US over the Ukraine crisis. Having said that if the tensions continue to escalate we may see the yellow metal rally all the way to $1950/ounce.

Oil prices ended the week mixed with London Brent Crude gaining 0.9% for the week, recording their ninth straight weekly rise as investors weighed a supply disruption resulting from the Russia Ukraine crisis, while WTI Crude falling 1.7% for the week, snapping their eight-week rally as traders collect profit ahead of President Day holiday on Monday in the US.

Fears over supply disruptions resulting from the Russian military presence at Ukraine’s borders help offset the loss from prospects of easing oil sanctions against Iran. The West has threatened Russia, a top gas and oil supplier, with strong sanctions if it attacks Ukraine, Russia on the other hand denies planning any attacks.

Looking ahead despite Italian Prime Minister Mario Draghi stating that any sanctions that may be imposed on Russia by the European Union should not include energy imports, we expect oil prices to rise on Monday following comments from US President in after-hours that he was convinced Russian President Vladimir Putin had made a decision to invade Ukraine in coming days.

Underpinned by Australia’s re-opening after a long period of restrictive measures and significant dropping of COVID cases nationally, the Australian Dollar recorded its third straight weekly gain.

Rising gold prices also helped the Aussie, making it the best performing currency of the past week. Many analysts believe that tensions in Eastern Europe could in fact be beneficial for the Australian Dollar via the terms of the trade route.

If Russia were to invade Ukraine, it is expected that strong sanctions from G7 nations on Russian exports should soon follow. Such sanctions would in return have a serious impact on the supply of several commodities in the global markets.

Russia is the world’s biggest exporter of natural gas and wheat, the second-largest exporter of oil, and also a major exporter of a lot of minerals including a lot of iron and gold.

If other countries decide to penalise Russia with sanctions it is expected to push up the price of goods that Australia exports. As such fighting in Ukraine might well be beneficial for the currency Down Under as long as it doesn’t impact the Chinese housing market negatively.

The Indian Rupee on the other hand remained subdued as high crude oil prices along with a wider monthly trade deficit impacted the Asian nation.

The latest official data showed that India’s trade deficit widened by 20.23% on a year-on-year basis to $17.42 billion in January 2022.

The $18 billion per month trade deficit is expected to keep strength in Ruppe in check. Inflation is also expected to be sticky with domestic fuel prices awaiting a big hike. The price of Brent Crude has hovered above $91/barrel all week. India has an 80% dependency on oil imports.

Foreign portfolio investors withdrawing from Indian markets have also further subdued the Indian currency. FPI’s have withdrawn Rs 18,856 crore from the Indian market in February so far amid geopolitical tensions and chances of a rate hike by the US Federal Reserve.

Moving on to digital currencies, Bitcoin dropped more than 6% last week as the standoff between Russia and Ukraine continues to spook investors globally. Bitcoin briefly rallied to $44,500 mid-week before escalating invasion fears affected financial markets. BTC is now trading below the psychological level of $40,000.

Bitcoin’s price movement also impacted other major crypto assets. Ethereum shed nearly 8% this week to trade around $2,600 level at the time of writing the report. In fact, all the top 20 cryptocurrencies except Avalanche declined for the week. Avalanche recorded a 3% rise on the weekly timeframe.

Moving ahead the crypto markets look very uncertain over the next few weeks as Russia-Ukraine border tensions continue.

In agricultural products, the grains market continued to rally as grain traders try to determine if or when Russia may invade Ukraine. Russia is the world’s largest exporter of wheat and there are serious supply concerns if Western nations were to put sanctions on Russia.

Corn and soybean too rallied despite improved weather in Brazil and Argentina as the Bidden administration announced that Russian aggression was imminent. The threat of war between Russia and Ukraine continues with the Russian military announcing massive nuclear drills.

Author: Ateev Dang is a trader and trading coach by profession. He runs a business called Glow trades Pty Ltd where he teaches anyone who is interested in starting their trading journey how to trade. He can be contacted at adang@glowtrades.com.au.

Surging Cyberbullying: Social Media the Breeding ground

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20 February 2022 9:51 AM

Social media (examples Facebook, Snapchat, Twitter, Tik Tok, Instagram and other platforms) and digital forums have transformed the world to connect to half of the world by just by the click of a button, but it also led to a rise in anxiety and depression in the form of mental, emotional issues, psychological and physical effects due to Cyber Bullying.

In extreme cases, it may even lead people to commit suicide. This kind of bullying happens via the use of digital technology such as mobile, computer and communicative devices. Cyberbullying in social media refers to uploading or posting derogatory, harmful, spreading false material, rumours and content about another person, organisation or community.

Impersonation, cyberstalking, dissing, flaming, harassing, exclusion, trolling, catfishing, outing and harassment are considered some ways of cyberbullying behaviour. It also includes disclosing private or personal information about others that may cause humiliation.

The objective is to frighten, enrage or shame, guilt, social isolation, depression, loneliness and fear among the individuals who are targeted; these victims become vulnerable on social platforms.

During the course of cyberbullying on social media, it may attract unwelcome attention from the broad spectrum of individuals where many are strangers and many involve in this unethical practice, mostly done anonymously to avoid retaliation or known as “behind-the-scenes bullying”.

They troll in the forums, share inappropriate text or photos, online spread rumour and create panic. One has to accept that cyberbullying has become a terrible reality of today’s world and one has to get aware and tackle it successfully.

Recently examples of cyberbullying include spreading rumours on social media have been buzzing that Fiji’ PM health has deteriorated after undergoing heart surgery at a Melbourne hospital recently (Anthony, RNZ. 4 Feb 2022); Minister of Fiji who has gone for overseas medical treatment, Tiktoker charged with two counts of causing harm by posting electronic communication and granted bail on condition to stay away from social media for 2 weeks. (Nasokia, Fiji Sun, 2 Feb 2022).

Authorities are also making serious efforts to nab these cyber perpetrators and bring them under the ruling of law (Prakash, FBC News, 3 Feb 2022) and Online Safety Bill (2018), with other measures, are in process or being implied.

Australia’s Online Safety Act was passed in July 2021 that has allowed people to report cases of online bullying in the country to the eSafety Commissioner and have a provision that “if the content or post is not removed within 24 hours, a fine of up to 500 penalty units will be applied — for individuals, up to $111,000 and for organisations up to $555,000” (Falor, The Indian Express).

Authorities have repetitively appealed the parents and guardians to be more vigilant to monitor their children online activities on social media, as they are most vulnerable. The unsupervised and unrestricted online activity of the children can land up into problems.

Digital footprint/Online Footprint: Leave trails forever

There are ethics and protocols to behave in social media, but many involve in cyberbullying cross this limit by posting nasty and harmful messages. This behaviour not just ruins the online reputation of the person involved but also put the commenter’s online reputation at stake. These comments become a permanent and public record that is available forever if not reported or erased.

The digital footprint left behind due to cyberbullying is an area of research where scholars analyse the examples of cyberbullying to curb these abuses. These digital footprint trails are created by every single click or post one made leaves its traces online. The post made on social platforms is on the world wide web that possibly remains there forever. As every online user is assigned an Internet Protocol (IP) address by their Internet service provider, that is unique and register the online sessions. The information of these sessions may be saved with or without the person’s awareness that is using the services.

Image source: Digital landscape – Wikipedia.

In social media, safety measures are put in place to review the abusive and bullying behaviour, but better it should be identified immediately and reported in a timely manner. Self-protocols need to be realized before posting anything on social media, it may not hurt the feelings of others. The digital footprints of posting anything would stay online forever and may be used to harm the bullied or cyberbullies. These are shared widely and spread in an uncontrolled manner that has huge ramifications.

Conclusion: Mindful Cyber posting

One has to be responsible for one own deed as it is not possible to ‘undo’ when one post online. Adults and students alike must understand the limitations and obligations that come with living in a digital environment. Authorities have the means to catch cyberbullies by tracing their digital footprints. It is advisable to keep personal information to oneself to avoid the risk of being bullied online. Hence, be mindful when you make a click for your new post. One needs to create a positive online reputation by posting progressive and rational posts to maintain respect among followers and online users.

Author: Dr Sakul Kundra is an assistant professor in history and Acting Head of School, School of Arts and Humanities, College of Humanities and Education, at Fiji National University.

Disclaimer: The views expressed are his own and not of The Australia Today or his employer. For comments or suggestions, email. dr.sakulkundra@gmail.com

2008 Gujarat bombings: Indian court sentences 38 terror accused to death

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19 February 2022 8:38 AM

Image source: Shri Narendra Modi and Shri Manmohan Singh - PTI.

A special court in India has sentenced 38 people to death for a deadly terror attack and bombings in the city of Ahmedabad, Gujarat, on 26 July 2008.

Further, Judge A. R. Patel also sentenced 11 people to life imprisonment in this case and acquitted 28 others for lack of evidence.

He also ordered to give compensation of 100,000 rupees (AUD1900) each to families of the victims.

According to the police, in this terror attack up to 20 bombs were set off across the city in hospitals, shopping centres and parks, leaving 56 dead.

This terror attack was a continuation of burning of train packed with Hindu pilgrims that killed 60 passengers in Godhara.

Two Islamist terror organisations, the Indian Mujahideen (IM) and Harkat-ul-Jihad-al-Islami, claimed responsibility for the attack.

IM is well-known faction of the banned Students Islamic Movement of India (SIMI) which is a group of young extremists who had declared jihad against India.

However, the Gujarat police and investigators believed that a nationwide network of radical Islamist groups were involved in the blasts.

India’s present Prime Minister, Shri Narendra Modi, who was then the Chief Minister of Gujarat, was also a target of these terrorists.

In 2013, Indian authorities claimed to have foiled an attempt by some of the accused to tunnel their way out of jail.

Arvind Patel, another prosecutor, told reporters that the judge described the case as the “rarest of rare.”

The last people to be hanged in India were the 4 accused in the 2012 Nirbhaya rape case in 2020.

This is the first time that so many terrorism accused have received death sentences in a single case. This sentence will now be confirmed by a higher court.

Site secured for a new multi-million-dollar community hospital in Melbourne’s West

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19 February 2022 8:09 AM

Ground-view-Community-hospital-land-1024x576 — Image source: Point Cook Community Hospital site - Wyndham TV.

Daniel Andrews Labor Government has secured a site for the new Point Cook Community Hospital.

Image source: Point Cook Community Hospital site – Wyndham TV.

Minister for Health Martin Foley, Member for Altona Jill Hennessy and Member for the Western Metropolitan region Ingrid Stitt today announced that a parcel of land at 140 Dunnings Road, Point Cook, has been secured for the new multi-million-dollar facility.

Image source: Ingrid Stitt, Member for Western Metropolitan – Vic Gov.

According to Ingrid Stitt, Member for Western Metropolitan, this “will give families in Wyndham peace of mind that help is just around the corner when something is not quite right or when a loved one gets sick.”

This hospital will be operated by Western Health and will be a small public hospital providing a range of integrated community health and specialist services including urgent care for minor injuries and illnesses, day surgery, paediatric services, dialysis and mental health services.

According to the government, this new hospital will take pressure off nearby major hospitals – allowing them to focus on critical care and acute health issues, emergency care and more complex surgeries and procedures.

Image source: Jill Hennessy, Member for Altona – Vic Gov.

Jill Hennessy, Member for Altona, says:

“This will be a small public hospital with services tailored to meet the needs of our community. It will take pressure off the nearby Werribee Mercy emergency department and provide better access to a range of everyday health services for people who are not critically unwell, close to home.”

In addition, it will have strong links to specialists, community health providers and social support services will improve follow-up treatment and support for those requiring complex care.

It is reported that the Labor Government’s Community Hospital Program will create an estimated 1,900 jobs during planning and construction and deliver more than 1,000 healthcare jobs once completed.

The Labor Government has made more than $133 billion in health care funding since coming into office.

Image source: Victoria’s Minister for Health Martin Foley – Vic Gov.

Victoria’s Minister for Health Martin Foley says”

“The Labor Government is getting on with delivering the largest pipeline of health projects in Victoria’s history including in Point Cook, so Victorians can access the care and services they need, no matter where they live.”

As per the announcement, this hospital is one of 10 new community hospitals in major growth areas funded as part of a $675 million investment by the Labor Government.

Once complete, the ten community hospitals will have the capacity to treat at least 114,000 more urgent care patients, 55,000 dialysis treatments and enable more than 100,000 additional allied health sessions each year.

The final designs for the Point Cook Community Hospital are expected to be released in late 2022, with construction due for completion in 2024.

Australia-India join hands to reduce cost of new and renewable energy technologies

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18 February 2022 5:45 PM

Image source: The Hon. Angus Taylor - Twitter.

Australia and India have joined forces under a new low emissions technology partnership agreement.

This will help drive down the costs of new and renewable energy technologies in both nations.

The Letter of Intent on New and Renewable Energy Technology was agreed to by the Minister for Industry, Energy and Emissions Reduction Angus Taylor and the Hon Minister of Power and New and Renewable Energy Raj Kumar Singh, during the fourth India-Australia Energy Dialogue.

Australia & India will join forces to drive down the costs of new energy technologies under our 6th international low emissions tech partnership. I was pleased to join @RajKSinghIndia & discuss our common goal of reducing global emissions #auspol 🇦🇺🇮🇳https://t.co/6NvklrRO4l pic.twitter.com/fTFqwRy2Ko
— Angus Taylor MP (@AngusTaylorMP) February 15, 2022

This agreement recognises that both nations want zero emissions technologies to be cost-competitive with higher emitting alternatives.

Image source: The Hon. Angus Taylor – Twitter.

Minister Taylor said the partnership reflects both government’s commitment to working with like-minded partners on low emissions technologies.

“More than 90 per cent of solar cells globally use Australian technology. Over the next 10 years, India will be one of the largest adopters of solar technology in the world and Australian innovators are exceptionally well-placed to tap into this market.”

Ultra-low-cost solar and clean hydrogen technologies are priorities under Australia’s Technology Investment Roadmap.

Minister Taylor said:

“We will work together with our close friends in India to advance these priority low emissions technologies, to strengthen industry and research links between our countries and unlock new economic opportunities. At the same time, we will continue to be a trusted supplier of coal and other traditional resources commodities to India.”

The Letter of Intent is part of the Morrison Government’s $565.8 million commitment to support new international partnerships that make low emissions technologies cheaper and drive investment in Australia-based projects to create up to 2,500 jobs.

Image source: Dr Alan Finkel AO – Aus Gov.

Dr Alan Finkel AO, Special Adviser to the Australian Government on Low Emissions Technology, said:

“International collaboration has a key role to play in deployment of technology, unlocking private investment and building diverse and resilient supply chains. Australia is working with key partner countries to help accelerate this effort.”

The latest Letter of Intent builds on partnerships already entered into with Germany, Singapore, Japan, the Republic of Korea, and the United Kingdom.

Both Australia and India will also continue to collaborate through the Quad, G20, UNFCCC and the International Solar Alliance on the development and deployment of low emissions technologies in our region and across the globe.

The agreement follows the meeting between Prime Minister Scott Morrison and India’s Prime Minister Narendra Modi in the margins of QUAD discussions held in Washington DC in September 2021, where both leaders committed to progress a partnership.

PM Scott Morrison and Indian PM Narendra Modi in Chat: Picture Source: @PIB

Great news for Australian farmers; India reduces lentils tariff to zero

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17 February 2022 6:59 PM

Indian government has announced that it would reduce the tariff on lentils to zero from 11 per cent while the prohibitive 66 per cent tariff on chickpeas will remain as it is.

In 2016-17, 2016/17, chickpea exports to India were valued at $1.14 billion and lentils were worth $196 million.

Soon, India added a new tariff on Australian chickpeas and lentils thus creating financial consequences for Australian farmers.

According to the Department of Foreign Affairs and Trade before the introduction of the tariff India was the world’s largest customer for lentils.

India 🇮🇳 lentil (Masoor) import duty zero % now( Except USA Origin). Applicable till the end of Sep. Shocking step by Govt of India. But Govt must be thinking big. @pulseagnews @Pulse_Australia @pulsecanada #lentil #masoor #agriculture @dgftindia @SaskPulse @SKAgriculture
— Binod Agarwal SGR 🇮🇳 (@BinodSgr) February 12, 2022

Grain Producers Australia chair, Barry Large told Farm Online that this move would help Australian growers capture more value for their product.

“The reduction of this tariff now is a welcome, positive step towards rebuilding trust and confidence in this important export market, to help optimise this high-value crop’s potential.”

This year, Australia’s farmers have recorded a good grain harvest.

Grain Growers chief executive Dave McKeon told ABC that he hoped the negotiations would create an opportunity to better conditions for Australian farmers.

“We need to have an innovative and forward-focused approach to avoid unnecessary trade barriers into the future.”

It is expected that many Australian farmers would have lentils ready to trade into the Indian market.

This reduction in tariff would definitely benefit the Australian farmers and Indian consumers who are looking forward to quality products.

Grain Producers Australia spokesman Andrew Wiedemann told ABC that it was great news for Australian farmers.

“I don’t think you couldn’t wipe the smile off my face, knowing how much this is going to mean to the Australian economy, particularly in agriculture.”

Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles and Australia's Dan Tehan MP, Minister of Trade, Tourism and Investment; Image Source: @PIB — Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles and Australia’s Dan Tehan MP, Minister of Trade, Tourism and Investment; Image Source: @PIB

This decision to reduce tariff comes days after meeting between the trade ministers of India and Australia.

The Hon. Dan Tehan has visited India as part of negotiations for a free trade agreement.

This new decision, effective immediately, was announced over the weekend and experts believe that it could unlock millions of dollars of value for Australian lentil exporters.

‘You F…… Indians get out’: Family beaten in an alleged racist attack outside Melbourne hotel

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16 February 2022 1:06 PM

Image source: Mr Balm - 9News Screenshot.

A Melbourne family was bashed and told to “get out of the country” in an alleged racist attack at the car park of Lynbrook Hotel.

It is reported that the attackers targeted Mr Lynn Balm’s brother and sister-in-law, Keith and Jacqueline Prakasham.

When Mr Balm, 54 yo, stepped in to to protect them, he was also severely bashed.

Jacqueline Prakasham told media that she was getting out of the car when the alleged racist abuse was hurled at her.

“Straight away he said: ‘you f…… Indians, you f…… Indians get out.'”

Mr Balm was allegedly beaten badly with punches and kicks outside the hotel. He told 9News:

“They scuffed me on the ground and started punching me, kicking me on my ribs.”

He further alleged that the attackers said:

“Get out of this country, you don’t belong in this country. My sister-in-law, poor thing – she’d been hit and pushed. That’s why I came to pull him out from her.”

Mr Balm was left with serious facial injuries that required stitches and an overnight hospital care at the hospital.

Mr Balm’s niece Kerri Prakasham shared photos of the alleged attacker on social media.

Ms Prakasham wrote:

“This isn’t the first or the last time a racial attack will be made against an Indian person — or even a person of colour. I just never in my life thought that it would hit this close to home.”

Despite their ordeal, the family’s message to their alleged racist attackers is “we are all one” and race does not matter.

Mrs Prakasham says:

“We don’t want any harm to come to you … but, learn a lesson, treat everyone equally.”

Victoria Police are speaking to a 29-year-old man from Clyde North in Melbourne’s southeast in relation to the attack and are not looking for anyone else at this stage.

Truth behind Safer Communities Grants and Minister’s interventions: Fire-bombed Temple, Vandalised Church and Robbed Gurudwara

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15 February 2022 5:49 PM

Assistant Safer Communities Minister Jason Wood; Image source: The Australia Today

Australian National Audit Office has tabled an audit report of the safer communities fund which was delivered by the then Minister of Home Affairs Peter Dutton.

This was the audit of the award of funding under the Safer Communities Fund (Rounds 1 to 5).

The Safer Communities Fund program implements a 2016 election commitment of the Liberal government.

This program aims to improve security, reduce street crime and violence, and improve perceptions of community safety, thus leading to greater community resilience and wellbeing.

In its report, ANAO says, that there was no trend evident in terms of projects in electorates classified as Safe, Fairly Safe or Marginal.

It adds that this funding is most likely to have been approved in aggregate across the five open and competitive selection processes.

Such selection was conducted under the Safer Communities Fund and it is reported that any electorate information about potential grant recipients was not part of the selection criteria.

Image source: *Kristina Keneally – Wikipedia.*

In February 2021, the opposition’s home affairs spokesperson, Kristina Keneally levelled allegations of serious irregularities in the awarding of grants.

Ms Keneally wrote a letter to Grant Hehir, Auditor-General for Australia requesting him to consider examining the handling of the safer communities fund.

What was the issue with the grants allocation:

As per the letter written by Ms Keneally to ANAO, her allegations were based on documents obtained by the ABC under the Freedom of Information Act 1984, which included:

An arbitrary reduction in funding to 19 organisations recommended for funding by officials who had undertaken a merit-based assessment process consistent with the Commonwealth Grant Rules and Guidelines and the Public Governance, Performance and Accountability Act 2013.

A re-prioritisation of other grant recipients based on undisclosed criteria with no apparent regard for the outcome of the merit-based assessment process undertaken by officials.

So, what happened to the funding reduced from those 19 organisations recommended by officials and who were the recipients based on ‘undisclosed criteria’?

Case No 1:

Meet Biren Joshi, Director of Swaminarayan Mandir Vasna Sanstha (SMVS) Australia.

This SMVS Australia temple is one of the religious institutions based in the western suburb of Melbourne Tarneit (Address: 435 Davis Rd, Mount Cottrell, VIC 3024), who were recipients of this grant with the Minister’s intervention.

The Undisclosed criteria for Ministers intervention were:

The Temple has been targeted with vandalism and attacks damaging the property more than 10 times in the last 3 years. As a result of these attacks, there was a feeling of fear among community members who are concerned over the safety of their kids who attend the centre for religious and language learning.

Details of Incidents:

Temple has been gas bombed twice.
Fire has been lit in the main electrical switch board at night.
Robbed, vandalized, and broken into more than 10 times.
Ute was driven through the main wall of Temple damaging all the religious worship items.
Temple main entrance huge metal gate cut using metal cutter and stolen.
Temple regularly faces risk of attack, harassment or violence stemming from racial & religious intolerance.

Temple applied for Safer Communities Grant with detailed proofs, police reports and evidence and got rejected by the department.

Federal Assistant Minister for Multicultural Affairs Jason Wood; Picture Source The Australia Today

After Assistant Minister for Safer Communities, Jason Wood’s intervention Temple received a grant amount of $450,000.

This funding means Temple congregation members can worship in peace and Temple can provide a safe place for families to practice faith.

Probably, Minister Wood shouldn’t have helped this Temple as there was no direct or indirect Political benefit to him or his party. This Hindu temple comes under the Federal Electorate of LALOR which is a safe seat of the Labor party with an almost 17+ per cent margin.

Ms Joanne RYAN is a Member of Parliament for Lalor who has visited the Temple once 4 or 5 years ago and recently once for a Diwali function.

Biren Joshi told The Australia Today, “We applied for the safer communities grant with all the proofs and police reports, only to be rejected by the department.”

“We did not understand why our application was rejected and then requested Minister Jason Wood’s office to help us protect our patrons.”

Mr Joshi says, “On our invitation, Minister Wood visited our Temple and heard the concerns directly from the members of our congregation. Our congregation members explained how fearful they were to attend religious worship in the evening as they are concerned and fearful for the safety of themselves and their children.”

Mr Joshi further added:

“We are thankful to the Federal Government and to Assistant Minister Jason Wood for listening our issues and for approving our application for the funding.”

Since then, SMVS Australia Temple has been able to build a fence around the property, are in process of upgrading security infrastructure including the installation of security lights around premises.

They hope to see in the future more such programs to provide a safe place of worship is approved without any bureaucracy.

If anyone still doubts attacks and vandalism on this Hindu Temple, They can go to Werribee and Tarneit police station where details of these acts are available. Anyway, the local MPs (Labor Party) were aware of the incidents and have provided letters of support for the grants.

Case No 2:

P.S.Dharmakufaraiah is President of TAMIL EDUCATIONAL CULTURAL & CHARITABLE ASSOCIATION (TECCA) which operates a Hindu Temple with the name “Kundrathu Murugan Kumaran Hindu Temple.”

Mr Dharmakufariah told The Australia today, “We are extremely sad and highly disappointed to understand that some politicians are implying that the Safer Communities grant we received is somewhat improper and not deserved.”

“My humble request is please come and visit our premises to get the real picture of what we went through when we had no boundary.”

Tamil Educational Cultural and Charitable Association were primarily established by Sri Lankan, Indian, Malaysian, Singaporean, Fijian and Mauritian Tamils. The main purpose of this temple is to provide cultural, and spiritual values of the Hindu faith, welcoming all to participate in religious, cultural festivals and programs.

Located in a recently created suburb called Deanside in Melbourne’s western suburbs.
Which incidentally is Labor Party’s so-called heartland.

This Hindu temple (Kundrathu Murugan Kumaran Hindu Temple) was ransacked and vandalised on three different occasions.

Their place of actual worship (Garbhgrah) was broken in, vandals destroyed the interior of the Temple and many valuable items were stolen.

All these incidents were reported to the local Police.

These horrific incidents left devotees fearful to come to the Temple after dark especially the children and females. As you may recall these grants were announced by the Federal Government on the backdrop of attacks on “Place of Worships.”

Mr Dharmakufariah says:

“We are dismayed and hard to comprehend with statement by those saying that assistant Minister intervention as a disgrace, for providing safer places of worship.”

Temple has been targeted with robbery, vandalism and attacks damaging the property more than 5 times between 2018 and 2019.

Temple members were regularly intimidated by criminals and gangs. There were incidents of dealers attempting to sell drugs to children. These intimidations, threats and attacks created fear among the Hindu community members for their families safety when they visited the Temple.

Brief Details of Incidents:

The Hindu community that used to attend this place of worship were constantly subject to racial/ religious verbal vilification.
This was often accompanied by numerous acts of littering, placement of messages with negative connotations towards Hinduism and statements of disrespect including damage to the front gate, letterbox and dumping of rubbish right in front of the entrance to sanctity.
When surveyed, over 90% of Temple community reported that they feel unsafe when they attend the religious site due reasons including feelings of intimidation and racial vilification from trespassers.
Many trespassers dispose of rubbish, harmful medical waste and construction material as frequently as 2-3 times a week throughout the entire temple premises. These incidences send a strong message of hatred towards our culture and place our community in harm’s way.

One particular incident involved the abandonment of a vehicle which was then incinerated. The fire spread placing the community in danger and caused much distress to the Temple community, as well a huge financial burden on the Temple members.
Trespassers and offenders used lurk the Temple grounds in the night, so women and children were always escorted by other Temple members to their vehicles safely to avoid any incidents against them.
All occasions, entry was made through the window. All occasions target was the safe and valuables. Valuables were either jewelleries and gold items in the statutes.
Window, main and side doors were damaged during the entry by thieves.
Cash till and computer systems, security systems were damaged.
One break in & entry to the Temple canteen and the Cash register in canteen was damagedduring robbery.
One occasion, garden shed with all valuable tools.
Temple regularly faces risk of attack, harassment or violence stemming from racial & religiousintolerance
Temple applied for Safer Communities Grant Round 5 with detailed proofs, police reports andevidence.

Current Status: The Temple has built the security fencing so far covering 80% of brick wall completed. Security cameras 100% installed.
Security lighting 95% completed.No robberies in the last 2 years since the construction and upgrade of security. This grant has helped provide a safe & secure enclosure for the Temple members.

In this case also after Assistant Minister for Safer Communities Jason Wood’s intervention Temple received a grant amount of $385,062.

Again, why did Minister Wood help this Temple as there was no direct or indirect Political benefit to him or his party?

This Hindu temple comes under the Federal Electorate of GORTON which is a safe seat of the Labor party with a large margin.

Image source: Brendan O’Connor – Vic Gov.

Brendan O’Connor is a Member of Parliament for GORTON who has visited the Temple once 10 years ago for the opening of the Temple.

Assistant Minister for Community Safety Jason Wood told The Australia Today, “Many of these places of worships have Priests and religious workers living in the premises, for them, there was always the fear of intruders who could harm them physically as well.”

Minister Wood further argued:

“It’s not the power to intervene, it’s the responsibility to serve and protect, and that’s what I did. I protected these communities from harm’s way, from robberies, vandalism, and threats.”

Ramesh Rao is a Hindu community leader in Melbourne. He told The Australia Today,

“We are dismayed with the statement by Labor spokesperson on government accountability Pat Conroy MP, Shadow Minister calling the Minister’s intervention as a disgrace, for providing a safer place of worship for the Hindus.”

Minister Wood says,

“When you see the damage to places of worship and hear first hand the fear of the congregation, that is something which cannot be written in mere words in a document and can only be experienced directly.”

“No one should be subjected to fear, let alone in their sacred place of worship, that is why the Morrison Government will always put safety and security first.”

Rishi Prabhakar is chairperson of Neighbourhood Watch Tarneit. He has been campaigning about community safety and the lack of resources in Melbourn’s West.

Mr Prabhakar told The Australia Today,

“Labor has always used Multicultural communties for their benefit, but when it comes to protecting them Labor goes absent.”

He further says, “West has been a place affected by robberies, and many of us live in fear, these Hindu Temples are some of the worst affected and still, Mr Albanese thinks they don’t deserve any protection. We invite Anthony Albanese to visit these Temples to see the issues faced by the community.”

“I have paid no attention at all as to who’s electorate it was, however, intervened with the best of intentions. I have the authority to do good for people under the commonwealth grants rules and guidelines and will not hesitate to do this all day every day,”
argues Mr Wood

In this respect Mr Wood says:

“I have no words for the lack of support demonstrated by Labor MPs who have failed to be a voice and stand up for multicultural communities in their own Labor electorates.”

Mr Rao says,

“The bureaucratic authorities may not fully understand the ground realities, grant application merits should be decided on the issues faced rather than the quality of language used to fill the applications.”

He adds, “These grants are necessary for the protection and safety of people who visit these places of worship. If Ministerial intervention has provided a safer environment to thousands of Hindus, we request the Minister to diligently intervene in all the applications with the department funding so many more can benefit in the future.”

Market Mantra: Australian shares rise for a second straight week, as US inflation worries return

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14 February 2022 9:37 AM

Australian shares rose for a second week straight despite tumbling on Friday as inflation in the USA hit a 40-year high, leading markets to price in a more aggressive tightening cycle by the US Federal Reserve.

While the markets rallied for most of the week, a hot inflation number out of the United States was the only news Australian traders needed to sell down on Friday. The Australian shares fell by 1% on Friday thus trimming the weekly gains to 1.4%.

The hardest hit was the technology sector which dropped 2.8% on Friday as US consumer prices rose at an annual rate of 7.5%, the fastest since 1982. That backward step on Friday still left the technology index up 2%.

The banks and travel sector were the stands out sectors for the Australian market. The finance sector rallied 4% for the week on the back of some really strong numbers out of CBA and NAB. The travel stocks with the re-opening of the international borders soared with Flight Centre up 18.6%, Webjet shares rising 17.5% and Corporate Travel Management advancing by 12.9%.

Australian Banks; Reprentative picture @CANVA

Also, notable performers for the week were the big iron ore miners with BHP, RIO and Fortescue all gaining due to the rise in iron ore prices.

There was some negative company news though for the week with Magellan continuing to lose funds under management. Shares in Baby Bunting also slipped despite posting a 10% increase in revenue, 11% increase in net profit and a 13.8% increase in interim dividend to 6.6c per share.

While the share markets have shown signs of improvement and recorded solid gains in the last two weeks, we believe the high inflation numbers on Friday will be a sign of worry for the bulls and may push the prices south again for the equities market.

This week the January labour force numbers will be the biggest thing for traders to keep a watch for. Many analysts expect the numbers to show employment increased by 45,000 jobs in January. The strong job market is coaxing a lot of Australians to dip a toe in the water and it is expected that the unemployment rate could drop towards 4%, hitting a new 14 year low.

Internationally though it will be minutes from the US Federal Reserve that will dictate the market movement this week as the minutes will confirm the chance of an interest rate rise in March.

Chinese inflation numbers are also due this week, with the market expecting a bit off slow down a supply chain issues ease.

Gold prices too rallied last week, helped by a pullback in US Treasury bonds and growing inflation concerns.

Spot Gold futures rallied past $1840 per ounce, their highest since late January as US 10-year Treasury yields backed off after hitting 2% for the first time in nearly three years.

Investors will now be looking out for minutes of the Federal Reserve meeting for the pace of policy tightening and signals for interest rate rises.

The overly hawkish message pushed gold prices below the $1800 mark, however, the bullion has since gradually recovered towards the levels seen at beginning of the year.

Data released by the US last week showed a spike in consumer prices and there is widespread consensus that it could increase pressure on the US Federal Reserve to take a stronger stand to fight inflation. Fed Fund Futures are currently pricing in a chance of a 50 basis points hike at next month’s policy meeting.

The gold market is currently been trading in a range between $1790 and $1860 and waiting for the lift-off from the Fed.

Oil extended its rally to the eighth consecutive week as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies.

Russia has amassed enough troops near Ukraine to launch a major invasion, Washington said, as it urged all US citizens o leave the country within 48 hours. Australia too closed their embassy in Ukraine while Britain also advised its citizens to leave Ukraine, thus escalating oil prices to a new seven-year high.

Trading volumes for both Brent and Crude oil spiked in the last one hour of the trading as it seemed oil traders did not want to go short on oil over the weekend.

The IEA in the meantime also warned that world oil demand may rise even more steeply this year on a strong post economic recovery.

The IEA also added however that Saudi Arabia and UAE could help to calm volatile oil markets if they pumped more crude oil. The two OPEC producers have the most production capacity. However, it seems at the moment OPEC+ nations are in no mood to increase oil production and with geopolitical concerns surrounding Russia and Ukraine oil prices are headed for US $100/barrel thus deepening inflation worldwide.

The Australian Dollar this week seems to have come under pressure from rate differentials again. The Reserve Bank of Australia continues to sit on its hand hoping that the inflation is temporary, whereas the Federal Reserve in the US is gearing up for an almighty battle to get runaway inflation under control.

Rate hikes look for the US with CPI hitting 7.5% this week, highest since 1982. At that time Paul Volker was the Chair of Fed Reserve and had the backing of White House administrations to rein in rising prices. Severe increases in borrowing costs at that time did eventually bring CPI under control but came at a cost of two recessions.

Ultra-loose monetary policy since 2008 has the US-facing same prospects as then. With inflation entrenched in the US and widely believed that the US has reached full employment, it seems a rate hike is coming in the US but not for a while in Australia.

This is supportive of US Dollar and the disparity in interest rates could see the Aussie go lower.

The Indian Rupee too suffered this week falling to a six week low as RBI announced a super dovish policy on Thursday and high oil prices continued to weigh in on the Indian currency.

High Crude oil prices worsen India’s external position as the Asian nation imports 80% of its crude oil requirement. With oil prices gearing towards $100/barrel the Rupee could come under more pressure in the coming days.

Moving on to digital currencies, Bitcoin has somewhat recovered coming into the month of February. The cryptocurrency dropped below $33,000 in the final week of January and started February trading around $38,500.

Last week the largest digital currency closed at around $41,000. From there it continued to rise to hit as high as $45,500 when inflation numbers in the US sent shivers in the crypto market making Bitcoin lose out on all weekly gains to trade around the $41,750 mark at the time of writing the report.

The late drawdown last week was enough for crypto market sentiment to take a fresh hit with Ethereum also dropping below $3000. The performance of other coins was also poor with Binance Coin, Shiba Inu, Dogecoin, Stellar, Cardano, Avalanche, Polygon, Ripple, Solana, Terra, all trading lower compared to the same time last week.

In agricultural products, soybean futures rallied for the fourth consecutive week. Soybean futures have now rallied more than 15% in the past four weeks as severe drought in Brazil and Argentina have curbed production and underpinned suppliers.

Dry weather in recent weeks also boosted the price of wheat and corn with wheat gaining half a per cent for the week and corn rising by 3%.

Author: Ateev Dang is a trader and trading coach by profession. He runs Glow trades Pty Ltd where he teaches anyone who is interested in starting their trading journey how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

India and Australia signed MoU to make ‘Visa’ easy for travel, tourism and education

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12 February 2022 11:51 AM

India and Australia have signed a Memorandum of Understanding (MoU) on Tourism cooperation in the field of Tourism on 11th February 2022 in New Delhi.

Australia’s Minister of Trade, Tourism and Investment Dan Tehan MP and India’s Minister of Commerce & Industry, Consumer Affairs, Food & Public Distributions Piyush Goyal signed the MoU in New Delhi.

The purpose of the Memorandum of Understanding (MoU) in the field of tourism is to enhance cooperation and encourage the expansion of bilateral relations in tourism.

The MoU will facilitate the exchange of information and data related to tourism, Cooperation between tourism stakeholders, particularly hotels and tour operators, Cooperation and exchanges between training and education providers in tourism and hospitality.

Investment in the tourism and hospitality sectors, Visits of tour operators and wholesalers, media and opinion makers, High quality, safe, ethical and sustainable tourism development, Interest in major cultural, artistic and sporting events, Opportunities for traveller education on applicable laws, rules and instructions in each other’s country and enhanced tourism engagement in multilateral fora.

Australia is one of the most important tourism generating markets for India (ranked 4th in terms of foreign tourist arrivals to the country in 2019 and contributing 3.4% in the total tourism share of foreign tourists in the country). The signing of a Memorandum of Understanding with Australia will be instrumental in increasing tourists’ arrival from this important source market.

India and Australia had previously signed a Memorandum of Understanding on tourism cooperation in the field of tourism on 18.11.2014. Under the framework of the said MoU three, the Joint Working Group meeting on tourism between India and Australia was conducted. The above Memorandum of Understanding had expired in the year 2019.

The MoU facilitated the promotion of tourist traffic between the two countries. The number of Australians visiting India has increased consistently in the last few years.

In 2016, there were 2,93,625 Australian tourists who visited India which increased to 3,67,241 in 2019.
The Number of Indians who visited Australia also increased consistently from 2,62,250 to 5,89,539 in 2019.

From 27th November 2014, India is offering Electronic Tourist Visa to the citizens of Australia.

Presently, the Indian Ministry of Tourism has MoUs with 45 countries.

The present MoU between India and Australia in the field of Tourism is expected to give a fillip to tourism promotion post-pandemic between two countries.

India and Australia plan to finalise a ‘Dil Chahta Hai’ Free Trade Agreement

Minister Dan Tehan and India’s Minister Piyush Goyal have also announced reaching an understanding of the Interim Trade Agreement and finalising it in the next 30 days.

The Australia-India Comprehensive Economic Cooperation Agreement (CECA) is expected to be concluded in 12 months thereafter.

Image source: Shri Goyal addressing a joint press conference along with his Australian counterpart the Hon. Tehan – Twitter.

Both parties agreed that the CECA would be a substantial opportunity for both economies and a significant moment in the India-Australia bilateral relationship.

Ministers highlighted the need for a balanced trade agreement that encourages expanded trade and investment flows to the benefit of both of the economies, and reflects a shared commitment to the rules-based international trading system.

They also agreed to expeditiously resolve tax-related issues faced by Indian software firms in Australia.

Responding to a question, Indian Minister Goyal said that Quad has brought the four countries, viz. USA, India, Australia and Japan closer and this had also enabled India and Australia to come closer to each other in economic relations as well.

Minister Dan Tehan also announced that on 21st February, Australia would be open to travellers from all over the world and extended his invitation to Indians to visit Australia.

The Minister opined that as a result of MoU, the tourism flows between the two countries will continue to grow and that the education relationship between the two nations would also flourish.

“We are looking at mutual recognition of qualifications in Australia so that students can now study in both nations.”

Mr Tehan expressed confidence that the interim agreement would be a significant milestone in the relationship between our two countries.

He said that the warmth of the relationship between the two nations and the honesty and transparency with which the negotiations happened would certainly help build very strong and robust economic ties.

Piyush Goyal said that he had very fruitful discussions with his Australian counterpart and significant progress has been made in advancing the FTA between the two nations.

He added that India and Australia were natural partners and complemented each other in a variety of ways.

Minister Goyal said that discussions between the two nations happened with openness and concern and sensitivity for the issues on both sides.

Goyal recalled watching the classic movie ‘Dil Chahta Hai’, which was partially shot in Australia, and portrayed a strong bond of friendship among friends.

He said expanding the India-Australia relationship also exhibits a similarly strong bond.

“CECA FTA is like a ‘Dil Chahta Hai FTA’, which represents the hope, aspiration & ambition of the people of our two great nations.”

‘Dil Chahta Hai’ (The Heart Desires) is a 2001 Bollywood blockbuster film written and directed by Farhan Akhtar filmed in India and Australia.

Image source: Dil Chahta Hai – Screenshot.

The areas covered under the interim agreement should include goods, services, rules of origin, sanitary and phytosanitary measures, customs procedures, and Legal and Institutional issues.

Terming the negotiations as a watershed moment in India-Australia bilateral relationship, Mr Goyal expressed his gratitude to the Prime Ministers of both nations, Narendra Modi and Scott Morrison for their leadership, guidance and support.

He also complimented officers from both sides who worked proactively to build a comprehensive economic partnership which will be a win-win for both, opening up huge opportunities for the people of India and Australia.

The Minister exhorted that India and Australia are linked by the great Indian Ocean; connected by history, shared inheritances and deeply interlinked destinies.

Diaspora has and will lead the way in Australia India relations

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10 February 2022 6:50 PM

Indian Prime Minister Narendra Modi in Sydney: Image Source: Supplied

Oped by Jay Shah

By the time this gets published, India’s External Affairs Minister Dr S. Jaishankar will have landed in Melbourne for a 3-day visit primarily for the power-packed Quad but also supplemented by a packed schedule of public engagements.

While there will be enough political pundits analysing the geopolitical aspects of the visit, a highly recognised but less explored aspect of the relation – Diaspora is what I will be focusing on in this piece.

Australia is home to 900,000 strong Indian Diaspora, with Melbourne having the largest share of over 300,000 by recently overtaking Sydney. Hence I say the next rock-star event of Indian Prime Minister Narendra Modi when he visits Australia next should be in Melbourne.

Even Australia’s regional towns are seeing an increase in the Indian-Australian population due to underlying immigration policies that are incentivising migration to regional areas.

According to 2016-17, ABS – ATO data, published in various news portals Indian-Australians contribute AUD $ 18 billion in taxes. This is only second to migrants from the United Kingdom (UK). It will be interesting to see what the results come out of the recently concluded Census of 2021.

It will not be exaggerating to say that the Indian Diaspora is amongst those leading the fight against COVID19 in Australia. Thousands of Indian-Australian doctors, nurses and allied medical fraternity are at the forefront of both COVID management and vaccination drive.
Also, the specialists were providing their services in high-risk environments.

People in supply chain logistics, essential services were ensuring the basic needs of the nation are met in the strictest of lockdowns.

Techspora (Diaspora in technology) also played an extremely critical role during the COVID crisis.

It’s not a secret that a very large section of the Indian Diaspora works in the technology industry in various capacities like internal workforce, outsourced partner or local small businesses/startups.

COVID crisis demanded a very fast adoption to remote working on an unprecedented scale and also required accelerated digital transformation of many industries. This was taken as a challenge by the Techspora and the wider technology sector.

Although there was always some level of impact throughout, the biggest challenge for the Techspora came during the second wave when a lot of companies were in critical stages of technology programs but the families of their staff both local and offshore were facing unthinkable personal losses.

Huge support poured in from the leaders of the tech Industry, fellow colleagues and the wider Australian population, which is commendable. It is a testimony to professionalism, collaboration and teamwork that outcomes were still achieved without major delays.

Entrepreneurs and the C-Suite representation of the Indian Diaspora have also seen a significant increase in recent times with many more companies being run by Indian-Australian leaders. A lot of start-ups by Indian origin entrepreneurs are getting recognition, success and VC funding.

Community spirit shown by various organisations to support students and migrant workers is exemplary and second to none.

Many other areas have also seen significant contributions and it is because of all these contributions, the Diaspora has gained considerable respect, love and recognition in Australia, paving the way for strengthening Australia India relations.

How can they contribute way forward?

As they say, the devil lies in the details, and often the implementation of complex strategies requires not just the policy or procedure but a deep understanding of complex systems and experience, ability and passion to solve the problems.

Diaspora understands those details and pain points and if the right opportunities are provided to the right people successful outcomes will be achieved in a timely manner.

That’s why the upcoming Free Trade Agreement (FTA) will not be fully realised without massive Diaspora involvement.

I firmly believe that:-

“Policy will come from policymakers but passion will come from people, driven by Diaspora.”

Diaspora is very passionate to work towards increasing bilateral relationships and this passion will lead the way as it has done in bringing the relationship so far.

26th January is the common national day for India and Australia and the way Diaspora has embraced and celebrated it has only brought more vibrancy to the relationship and festive spirit in its surroundings.

I believe we are at an exciting horizon of an ever-rising phase of friendship, economic partnerships and people to people relations.

Author – Jay Shah is the President of OFBJP Australia, a group of sympathisers and supporters of Indian Prime Minister Narendra Modi and the Bharatiya Janata Party. He aspires to see a mutual friendship between Australia and India in diverse fields.

Note: The views expressed here are solely of the author’s personal opinion and not of ‘The Australia Today’.

Minister Dan Tehan in India to fast track Australia’s trade agreement

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9 February 2022 8:37 PM

Trade Minister Dan Tehan and Indian Minister Piyush Goyal; Image Source; @MEA

Minister for Trade Dan Tehan is travelling to India today to advance negotiations on a free trade agreement and promote Australia as a premium destination for students and tourists.

Mr Tehan will have multiple meetings with his Indian counterpart, Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles Piyush Goyal.

These meetings will essentially further support the negotiations on the India-Australia Comprehensive Economic Cooperation Agreement (CECA).

“Mr Goyal and I have been in regular contact over the Christmas/New Year period because we are both committed to concluding an interim free trade agreement. Nothing can replace face-to-face meetings to help speed up the process in the interest of both countries.”

“Australia and India are important trading partners, and we share a strong desire to further enhance our bilateral trade relationship.

“A free trade agreement with India would be a boon for Australian businesses, farmers and workers, creating new jobs and opportunities with one of the world’s largest and fastest developing economies.

“CECA is a potential game-changer in opening opportunities for both Australia and India. It is also an important piece of our post- COVID economic recovery,”
Mr Tehan said.

Minister Tehan will also sign a memorandum of understanding on behalf of the Australian Government with the Indian Government to promote further travel and tourism between the two countries.

India issues travel advisory for Canada amidst ‘Freedom Convoy’ protests

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9 February 2022 10:30 AM

Image source: Freedom_Convoy_2022_Unspecified_location_Jan_27 - Wikipedia.

The Indian government has issued a travel Advisory for Indian Citizens in Canada or planning travel to Canada.

A statement on Twitter read: “Advisory for Indian Citizens in Canada or planning travel to Canada- Please take all precautions in light of the ongoing protests and public disturbance in Ottawa and other major Canadian cities. Special #Helpline for distressed Indian citizens in Canada-6137443751.”

Image source: India in Canada – Twitter.

This development comes two days after the Mayor of Ottawa declared a state of emergency over ‘Freedom Convoy’ protests in the Canadian capital city.

On January 29, 2022, a convoy of 2700 trucks had entered Ottawa to protest against the ‘undemocratic’ Covid-19 policies of Justin Trudeau.

They are also protesting the mandatory vaccination for truckers entering Canada through the US-Canada border.

Canadian Prime Minister Justin Trudeau took to Twitter to claim that protestors cannot stall the economy under the garb of democratic rights.

So far, hundreds of RCMP officers have been mobilized to support the Ottawa Police Services. We’re also working with municipal partners to further strengthen our response, and we’ll continue to be there with whatever resources are needed to get the situation under control.
— Justin Trudeau (@JustinTrudeau) February 8, 2022

Trudeau has also vowed that the Canadian government will do everything necessary to bring the situation under control.

Image source: New Delhi, Jan 26 (ANI): Protesting farmers hoist flags from the ramparts of the Red Fort during tractor rally as they protest against farm laws on 72nd Republic Day, in New Delhi on Tuesday. (ANI Photo)

It is ironic that in December 2020, Trudeau tried to interfere in the internal decision-making process of the Indian government during the ‘farmer protestors’ that were supported by Khalistanis based in Canada.

Trudeau and some of his Ministers expressed ‘concern’ over the protests and claimed:

“Canada will always be ready to defend the right to peaceful protest. We believe in the importance of dialogue and that’s why we reached out to multiple means directly to Indian authorities to highlight our concerns.”

The ‘Freedom convoy’ has support from a majority section of the public including prominent people like Donald Trump Jr, Joe Rogan and comedian Russell Brand.

Indian-Aussie start-up legend Alok Kulkarni’s tech firm records USD350 million in funding

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8 February 2022 4:23 PM

Alok-Kulkarni-Cyara; Image Source: Monash University

Alok Kulkarni founded Melbourne tech company Cyara has cemented its spot in Aussie start-up legend with a record VC funding.

It has raised more than USD 350 million (AUD 499 million) in a venture capital funding round that equals the largest in Australia’s history.

Alok told media:

“Cyara was founded with a vision to improve customer experience, and we’re delighted to have found a partner in K1 that is committed to the same values and wants to accelerate our growth aspirations.”

He added that most organisations can succeed or fail based on their customer experience as most large companies handle millions of interactions every day.

“More companies are realising the business-critical nature of the work we do and we’re excited to have the firepower to grow and continue to attract the best people globally. We’re at the beginning of a very exciting new chapter.”

Cyara, co-founded in 2006 by CEO Alok Kulkarni, CTO Luan Tran and Executive Director Bonny Malik, helps its blue-chip customers build and maintain their CX systems more efficiently with automated testing and monitoring.

Last year, Alok was awarded the 2021 Distinguished Alumni Award for the Faculty of Engineering. He completed his Bachelor of Engineering in Electrical and Computer Systems Engineering with Honours from Monash in 1994.

A passionate entrepreneur, Alok said via LinkedIn:

“It was truly an honour to receive this recognition from Monash. I didn’t feel like I belonged in the company of such amazing accomplished recipients. Thank you again! Ancora Imparo. Proud to be part of the Monash community, the vision and ideals Monash stands for. The Clayton campus is a sight to behold with incredible buildings but it’s the Monash team that makes it truly special.”

Cyara has received this record funding from K1 Investment Management (K1) which is a leading investment firm focused on high-growth enterprise software companies.

According to reports, K1’s investment and experience in business-to-business (B2B) SaaS will support Cyara’s accelerated growth, driving the expansion of the contact testing market.

iMAGE SOURCE: Alok-Kulkarni-Cyara – LinkedIn

Roy Liao, Principal at K1 told media:

“Cyara provides mission critical software and is led by a visionary management team. We look forward to supporting Alok and the management team to execute on their growth strategy and further cement their position as the category leader in automated customer experience.”

According to data from Cut Through Venture, startup funding in Australia and New Zealand hit more than $10 billion in 2021.

In 2021, K1 has led a US$350 million investment into Brisbane based SaaS company SimPRO and Rokt bagged $458 million in Series E funding.

Cyara counts eBay, Oracle and Vodafone among its customers and Alok expects to see revenue growth ramp up to 30% or 40%.

He is also looking for opportunities to expand Cyara in the US, Asian and European markets.

Prior to Cyara, Alok was the Director of Solutions Engineering at Genesys and has also held roles at National Australia Bank, NEC, and others.

He also speaks regularly at industry and partner conferences, and he is also a director at TiE, a global non-profit organisation dedicated to giving back by helping entrepreneurs. As part of TiE, Alok mentors Australian entrepreneurs and is responsible for corporate memberships within the TiE Melbourne chapter.

Australia opens for international tourists from February 21

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7 February 2022 3:49 PM

International Traveller at an Airport; Image Source: @CANVA

The Prime Minister of Australia Scott Morrison has announced that international tourists will be allowed to come back to the country from February 21.

As a condition to be accepted in Australia all international travellers will be required to be fully vaccinated.

This decision came after almost two years of ban on International tourists amid the COVOD19 pandemic.

Australia technically opened its international borders in late December 2021, however, only Australian citizens, permanent residents and their immediate family members were allowed to travel. It was later extended to international students, migrant workers and backpackers.

Prime Minister Scott Morrison said this decision will provide a much-needed boost to the tourism sector.

“I know the tourism industry will be looking forward to that, and over the next two weeks they’ll get the opportunity both for visitors to becoming and for them to be gearing up to welcome international visitors back to Australia.”

“The condition is you must be double vaccinated to come to Australia. That’s the rule. Everyone is expected to abide by it,”
said Mr Morrison.

However, States and territories will continue to have designated quarantine caps and other restrictions placed to manage the COVID19.

PM Scott Morrison; Picture Source: Supplied

Girish Patel is a registered migration agent based in Melbourne.
He told The Australia Today that the tourism and travel sector was facing an extreme downturn due to lockdowns and travel bans.

“On an average, we use to process more than 200 tourist and international student visas every week in summers before lockdowns hopefully we will achieve those numbers in the coming weeks.”

This decision of opening the borders for tourists comes on the background of a significant drop in cases in NSW and Victoria.

NSW reported 14 COVID-19 deaths On Monday, while there were seven deaths in Victoria, Queensland saw 19 deaths, and both the ACT and Tasmania recorded one each.

The latest case numbers showed there were 7347 new infections in NSW and 8275 in Victoria, while Queensland registered 4701 cases, Tasmania had 443 and the ACT had 299.

Australian Hindus oppose Religious Freedom Bill amid fears of forced conversion

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7 February 2022 1:33 PM

Oped by Surinder Jain

A religious freedom bill has been introduced in the federal parliament to make discrimination on the basis of religion illegal. People of faith will not be discriminated against because of their faith or for not having one.

However, the bill has created many exemptions. It allows discrimination based on religion by organisations that are inspired by religious ethos, like schools, hospitals, aged care homes, employment agencies, charities etc. Any business that claims to be inspired by religious ethos can fire people who don’t belong to their religion.

This bill adversely affects minority religions. It especially affects Hindus and other newly arrived religions that have not had time and resources to establish their own schools, hospitals etc.

Oppose “No jobs for Hindus Bill”

The bill permits a business to declare and have a religion. It permits that business to fire its employees who are of the wrong religion and give preference in employment to candidates of its own religion.

A large number of Hindus work in schools, hospitals, aged care and other charities run by Christian and other faiths. If this bill is passed, these Hindus can be and are likely to be actively
discriminated against.

In practice, it means that Hindus working in other faith-based schools, hospitals etc. can be denied employment and existing staff can be fired.

A Hindu living in an aged care service of another religion will only be served by employees of the other religion as they won’t have to hire any Hindu staff.

Oppose the Religious Conversion of Hindus Bill

Hindus do not seek to convert others but that is not the case with many religions. Some non-Hindu faith followers interpret their religion to mean that it is their duty to convert heathens and idolaters (Hindus included) while some interpret it to mean that the use of force against non-believers is justified.

This bill may lead to the abhorrent practice of forced conversion of Hindus to other faiths by luring them with jobs, admission of children into schools, treatments in hospitals and care in old age homes. And the Australian Government will continue to fund such religious institutes.

Oppose violation of Human Rights of Migrants, Unemployed, Students, Vulnerable and old people Practices listed above violate human rights of Australian Hindus and will adversely affect vulnerable Hindus including new migrants, unemployed, socially disadvantaged and senior citizens needing care.

Hindus being treated in hospitals or being cared for in an institute, will not have someone who understands their culture and religious sensitivity. They may be surrounded by people who think this Hindu is going to hell and must be converted. And the Australian government
will be using our taxes to fund such places.

Those holding a position of power like teachers, doctors, carers, helpers should not be permitted to do the mission work.

Oppose Hindus being called idolaters, heathens and infidels

The new bill permits statements of belief rights. In practice, it means that anyone can insult people of other religions and call them derogatory names and treat them as lesser human beings than themselves. In a civil society, this should not be permitted.

Oppose the introduction of religious apartheid in Australia

Australia made commendable progress when it replaced its racist Whites only immigration policy. But like a reformed drinker hitting the bottle again, it is now introducing a bill that will give undue advantage to the majority and well-established religions at the cost of
newly arrived and minority religions.

The bill will permit a child to study and work their entire life in their own religious institutes, never coming in meaningful contact with people of other faiths.

We must oppose such apartheid of teaching, employment and services.

PLEASE CALL YOUR LOCAL FEDERAL SENATOR and MP and tell them that you
want them to oppose this law when it comes to voting.

Author: Surinder Jain is Vice President of the Hindu Council of Australia.

‘She will live in our hearts through her music’ as India’s Nightingale Lata Mangeshkar cremated with full state honours in Mumbai

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7 February 2022 11:49 AM

Tribute to Lata Mangeshkar: Image Source; @sudarsansand

The last rites of legendary singer Lata Mangeshkar were conducted at Shivaji Park on Sunday in Mumbai with full state honours.

The vehicle in which her body was taken to the stadium was completely decorated with white flowers and also had a massive photo of hers. The coffin in which her mortal remains were placed was also wrapped in tricolour as the army marched along.

PM @narendramodi pays his last respects to #LataMangeshkar. pic.twitter.com/nssXrBlbOp
— All India Radio News (@airnewsalerts) February 6, 2022

For the final rites, Indian Prime Minister Narendra Modi came to pay his last respects.

Several celebrities were present at the funeral including actor Shah Rukh Khan, actor Ranbir Kapoor, actor Aamir Khan, actor Shraddha Kapoor, cricketer Sachin Tendulkar, singer Anuradha Podwal, musician Shankar Mahadevan, actor Vidya Balan and her husband and producer Siddharth Roy Kapur. They paid floral tributes to the late iconic singer.

Prominent ministers including Uddhav Thackeray, Raj Thackeray, Aaditya Thackeray, Piyush Goyal and Sharad Pawar were also present.

Officials of the Indian armed forces carried her mortal remains and paid the full state honours.

What the flames consume are just the mortal remains.
The magically divine voice of #LataMangeshkar Ji will continue to live in every heart for generations to come till music & melody exist in this world.

Om Shanti! pic.twitter.com/M6y11ZtPcf
— Hardeep Singh Puri (@HardeepSPuri) February 6, 2022

Eight priests dressed in white arrived to conduct the final rites. Blocks of sandalwood were placed at her body while the priests chanted the mantras.

Late Lata Mangeshkar’s brother Hridaynath accompanied by his son Aadinath Mangeshkar lit the funeral pyre. She also received a gun salute during the last rites.

Iconic singer Asha Bhosle is grieving the demise of her beloved sister and nation’s nightingale Lata Mangeshkar.

Taking to her Instagram handle on Sunday night, Bhosle, 88, posted a picture from their childhood days, in which she looks adorable with her beautiful sister. In the caption, she wrote, “Bachpan ke din bhi kya din the. Didi and I.”

View this post on Instagram

A post shared by Asha Bhosle (@asha.bhosle)

Veteran actor Dharmendra mourned the death of Lata didi by sharing a social media post.
The actor took to his official Twitter handle and shared a picture of him with the late legend. Along with the image, he tweeted, “The whole world is sad, Can’t believe you have left us !!! We will miss you lata ji, pray for your soul to be in peace.”

The whole world is sad , Can’t believe you have left us !!! We will miss you lata ji 🙏 pray for your soul be in peace.🙏 pic.twitter.com/oWOob8pa3T
— Dharmendra Deol (@aapkadharam) February 6, 2022

If I had to share one song of #LataMangeshkar ji, it would be this. Sung and performed on screen by her, in a movie that was directed by her mentor Bhalji Pendharkar and about her दैवत, Chatrapati Shivaji Maharaj! pic.twitter.com/4BaoAvlYfl
— Shefali Vaidya. 🇮🇳 (@ShefVaidya) February 6, 2022

Goodbye Lata Mangeshkar. This photo is taken during 1971 where she took part in concerts to raise fund for the Bangladeshi refugees in Kolkata & Agartala, who fled when Pakistan Army started genocide. #DEFSECA #LataMangeshkar #LiberationWar1971 #FriendofBangladesh pic.twitter.com/aGvddvDHB7
— The Bangladesh Defence Analyst 🇧🇩 Defseca.com (@DefsecaBD) February 6, 2022

My condolences to the family, friends, and fans of the legendary Lata Mangeshkar ji. Her melodies will live on 🙏🏻. #nightingaleofindia #LataMangeshkar #OmShanti #RIPLataMangeshkar #लता_मंगेशकर

📸 @mangeshkarlata pic.twitter.com/iGfI6vU17l
— Barry O’Farrell AO (@AusHCIndia) February 6, 2022

As long as Maa Ganga flows through India,the soulful voice of our dearest Lata Di will continue to remain forever in the heartbeat of every Indian people. May Her noble soul mingle with Param Brahma.I offer my Shraddhanjali to #LataMangeshkar Di!🙏🙏🙏 pic.twitter.com/mpVIhyUREY
— Manisha Kataki (@KatakiManisha) February 6, 2022

The veteran singer died at the age of 92 on Sunday due to multiple organ failure.
She was admitted to Mumbai’s Breach Candy hospital on January 8 after she was diagnosed with COVID-19 and pneumonia.

The Indian government announced on Sunday that two-day national mourning will be observed in memory of Lata Mangeshkar.

Market Mantra: Are we on recovery path or it’s just another short term gain?

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7 February 2022 11:47 AM

The Australian equities market wrapped up its best week in over a month, mainly driven by gains in technology and rising energy stocks.

In signs of recovery Australian shares managed to hold the line against an amazing fall on Wall Street which saw Meta, previously Facebook, slumping by 27% after it revealed that user growth had stalled and it faced higher costs and weaker revenue.

The Facebook plunge resulted in technology shares around the global slump, however surprisingly Australian technology stocks held the line to enjoy their biggest weekly gain since December.

The energy stocks also helped boost the market with the energy sector ending almost 5% higher for the week with rising energy shares pushing up shares in Santos and Woodside Petroleum.

Newscorp was another company that did well with shares up 5.7% after announcing record revenues and highest profits since the company was formed in 2013.

Australia did however have its own mini version of Facebook last week with building products group Boral falling 41% to hit a 17-month low.

RA Governor Dr Phillip Lowe’s speech on Tuesday certainly helped calm the markets, with his cautious approach in raising interest rates and insistence that it is too early to tell if inflation is sustainably within the target range seen as welcome news.

RBA’s statement on monetary policy on Friday further backed up Dr Lowe’s bullish stance and predicted a strong economy.

Looking ahead company results will be a major influencing factor this week with CBA, AMP, Baby Bunting, Insurance Australia Group, Suncorp, AGL, MIRVAC, ASX, CIMIC, Downer EDI and Argo Investments all announcing their results this week.

The traders will also be keeping an eye on retail spending data, consumer and business sentiment, job advertisements, household spending intentions, payroll jobs and building approvals data coming out this week.

The data should give major clues to how the Omicron wave has hit consumer confidence and spending.

Gold prices too rallied last week as a weaker US Dollar, concerns over stubborn inflation and tensions surrounding Ukraine lifted demand for the safe-haven bullion.

The US Dollar index saw its biggest weekly drop since March 2020, thus boosting appeal for the greenback priced yellow metal among buyers of other currencies.

Inflation remains a top concern globally and it seems Russia has been formulating several options as an excuse to invade Ukraine. The latest is the potential use of a propaganda video showing a staged attack according to US President Joe Biden.

Gold is considered a hedge against inflation and geopolitical risks, but interest rate hikes would raise the opportunity costs holding non-interest bearing bullion.

The European Central Bank last week opened its door to a 2022 interest rate hike, while the Bank of England raised interest rates.

As such while we expect gold to rise on geopolitical tensions, the rising interest rates may cap any gains.

Oil prices surged to a seven-year high, extending their rally into the seventh week on ongoing worries about supply disruptions fuelled by frigid US weather and ongoing political turmoil among major oil producers.

Brent ended the week 3.6% higher while the US Crude posted a 6.3% rise in their longest rally since October. The surge in oil prices accelerated on Thursday and Friday as buyers piled into crude contracts on expectations that the suppliers will continue to struggle to meet demand.

According to most strategists crude prices which have already gone up by more than 20% so far this year are likely to surpass $100 per barrel on strong global demand.

Winter storms bringing icy conditions in the US also fuelled supply concerns as extreme cold can cause production to shut temporarily. Oil markets have also gained from geopolitical risks as major oil producer Russia has amassed thousands of troops on Ukraine’s border and is accusing the US and its allies of fanning tensions.

The Australian Dollar rallied for most of the week, however, gave up on gains on Friday to close the week at 0.7070 against the US Dollar.

The gains in the Australian Dollar made during the week only seem to be corrective in nature from a technical point of view and with strong job numbers in the US and higher interest rates it should not be a surprise if it heads south again.

In a stronger than expected jobs report on Friday, the US economy added 467K new jobs in January, against 150K expected. The upbeat report plus the fact that the Federal Reserve currently has the most aggressive tightening programme at the moment makes the greenback far more attractive than the Aussie at the current situation.

The RBA on the other hand decided to maintain rates at record lows and kept its monetary policy unchanged in its February meeting. The dovish stance of Australia’s central bank prevented the Australian dollar from rallying despite broader weakness in the US Dollar.

RBA’s stubbornness and refusal to raise interest rates hint at a mid-term bearish extension in the AUD/USD pair. The technical indicators for the pair too remain well into negative territory with the daily chart hinting at a lower low ahead.

The Indian Rupee recovered some ground against the US Dollar last week. The USD/INR pair recorded their first weekly loss in three, however, the pair found strong support around the 74.70 mark.

Broad-based weakness in the US Dollar and improving CoVid19 situation in India and escalating concerns over the RBI’s rate hike added to the strength of Indian currency.

The multi-year highs of oil prices and India’s latest fuel excise cuts have kept the bears hopeful. Recently the Chairman of India’s Central Board of Indirect Taxes and Customs said to NewsRise that the tax body estimates the government will lose about 600 billion Rupees in annual revenue next fiscal year following excise duty cut on auto fuel.

Moving on to digital currencies. This time last week things were looking quite gloomy for the crypto asset. Bitcoin was threatening to fall further and with price dipping on Monday bears did manage to push the price below $37K. All of the things change as the week approached a close with the cryptocurrency market recovering a major chunk of its capitalisation as Bitcoin pushed above the US $40,000 mark.

Needless to say, the rest of the market followed with Ethereum up 22.4% for the week, Solana rising by 23% and DOT surging by 12%.

This came amidst a notable correlation with the global markets as cryptocurrencies basked in recovery in risk appetite.

Friday’s 11% gain in Bitcoin was the biggest single-day gain for the coin since June and the first major bounce after weeks of getting roiled.

In Agricultural products, soybean futures recorded their biggest weekly gains since June on expectations of strong buying demand from China once they return from their Lunar New Year holiday.

Corn and wheat also surged for the week however they could not match the advances on soybeans.

United Nations food agency reported on Thursday that world food prices have rebounded in January and now remain near 10-year highs.

Author: Ateev Dang is a trader and trading coach by profession. He runs his own business called Glow trades Pty Ltd where he teaches anyone who is interested in starting on their trading journey how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

India Champion for record fifth U19 World Cup, defeats England

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6 February 2022 10:34 AM

India Under19 World Cup Champion; Image Source: @ICC

India lifted a record fifth U19 World Cup title after defeating England in the summit clash here at the Sir Vivian Richards Cricket Stadium on Saturday.

The Yash Dhull led side defeated the Three Lions in the summit clash by four wickets. Chasing 190, India got off to the worst start possible as Joshua Boyden dismissed Angkrish Raghuvanshi (0) on the third ball of the innings.

Harnoor Singh and Shaik Rasheed then got together at the crease and the duo put on 49 runs for the second wicket. As soon as India started to gain an upper hand, England stormed right back into the contest in the 18th over as Thomas Aspinwall dismissed Harnoor (21), reducing India to 49/2.

Skipper Yash Dhull next joined Rasheed in the middle and both batters stitched together a partnership of 46 runs which saw Rasheed (50) going past his 50-run mark. However, as soon as he reached the milestone, he ended up giving his wicket away to James Sales. In his next over, Sales picked up the scalp of Dhull (17), and India was reduced to 97/4, still needing 93 runs for the win.

𝗖. 𝗛. 𝗔. 𝗠. 𝗣. 𝗜. 𝗢. 𝗡. 𝗦 🏆 🙌 👏 🔝#BoysInBlue | #U19CWC | #INDvENG

Scorecard ▶️ https://t.co/p6jf1AXpsy pic.twitter.com/SajoSVPvas
— BCCI (@BCCI) February 5, 2022

Raj Bawa (35) and Nishant Sindhu (50*) then ensured that India does not lose wickets in a cluster. In the end, India registered a four-wicket win to lift the U19 World Cup for the fifth time.

Earlier, Raj Bawa scalped five wickets while Ravi Kumar took four as India bowled out England for 189 inside 45 overs. England crumbled in the first half of the innings before James Rew’s gutsy 95-run knock helped the Three Lions reach a score of more than the 180-run mark.

Opting to bat first, England got off to the worst possible start as left-arm pacer Ravi Kumar picked two wickets (Jacob Bethell and Tom Prest) in the first four overs. George Thomas and James Rew tried to get the partnership going but Raj Bawa dismissed the opener as India took control over the game.

England kept losing wickets at regular intervals and was soon found reeling at 61-6 in the 17th over. Meanwhile, James Rew kept fighting hard and scored a fifty to rescue his side from the precarious position. Rew and James Sales put up a fifty-run stand to revive England’s innings.

India Under19 World Cup Champion; Image Source: @ICC
India Under19 World Cup Champion; Image Source: @ICC
India Under19 World Cup Champion; Image Source: @ICC
India Under19 World Cup Champion; Image Source: @ICC
India Under19 World Cup Champion; Image Source: @ICC
India Under19 World Cup Champion; Image Source: @ICC
India Under19 World Cup Champion; Image Source: @ICC

However, Rew fell five runs short of a century as Ravi Kumar removed him in the 44th over.
Rew’s wicket triggered a collapse and England lost the final two wickets to set a 190-run target for India in the final.

Earlier, India had won the U19 World Cup in 2000, 2008, 2012, and 2018.

The Board of Control for Cricket in India’s (BCCI) President Sourav Ganguly on Sunday congratulated the Yash Dhull-led side for winning the U19 World Cup.

“Congratulations to the under 19 team and the support staff and the selectors for winning the world cup in such a magnificent way. The cash prize announced by us of 40 lakhs is a small token of appreciation but their efforts are beyond value .. magnificent stuff..@bcci,” tweeted Ganguly.

Congratulations to the under 19 team and the support staff and the selectors for winning the world cup in such a magnificent way ..The cash prize announced by us of 40 lakhs is a small token of appreciation but their efforts are beyond value .. magnificent stuff..@bcci
— Sourav Ganguly (@SGanguly99) February 5, 2022

Earlier, BCCI secretary Jay Shah announced an INR 40 lakh reward for every player of the U19 World Cup-winning team. He also said that every member of the support staff will be getting INR 25 lakh.

“I am pleased to announce the reward of 40 lacs per player and 25 lacs per support staff for the U19 #TeamIndia contingent for their exemplary performance in the #U19CWC final. You have made India proud,” tweeted Shah.

I’m pleased to announce the reward of 40 lacs per player and 25 lacs per support staff for the U19 #TeamIndia contingent for their exemplary performance in #U19CWCFinal. You have made 🇮🇳 proud. @SGanguly99 @ThakurArunS @ShuklaRajiv
— Jay Shah (@JayShah) February 5, 2022

Brief Scores: England 189 all out (James Rew 95, James Sales 34*; Raj Bawa 5-31); India 195/6 (Shaik Rasheed 50, Nishant Sindhu 50*; Joshua Boyden 2-24).

Tonga: What actually happened when Volcanic Mushroom Plume

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4 February 2022 3:40 PM

On 15^th January 2022, the entire South Pacific Islands got a shock of having effects of Hunga volcanic eruption at Tonga (part of Polynesian archipelago comprises of 176 islands, where 36 of which are inhabited), that released a cloud of ash and volcanic gases of about 30 km into the sky and produce tsunami waves throughout the Pacific Islands.

The Hunga-Tonga-Hunga-Ha’apai volcano is located 40 miles north of the capital, Nukualofa. The Hunga volcano is about 1,800 meters high and 20 kilometres broad and is a part of a volcanic system that stretches from New Zealand to Samoa. The volcano erupted three times in the week on 20^th December 2021, 13^th and 15^th January 2022, the last one is seen as the greatest in recent history.

There was an enormous eruption that produced a 30 km-high cloud of ash and gas and led to tsunami advisories across the Pacific and surrounding nations; a large number of Tongans faced water, power, communication and air travel was disrupted.

The smoke plume erupted from the volcano, noticed shock waves and witnessed powerful electric storms in the ash cloud. Many debates around this issue need to be enlightened, so this op-ed shall try to review the discussions around the issue.

Is it a ‘Once-in-a Millennium’ Event?

Historical records stated many past volcanic eruptions had put the world into shock, especially the 1991 Pinatubo eruption in the Philippines. However, on the latest eruption, Shane Cronin, a volcanology professor at the University of Auckland in New Zealand, stated the explosion was a “once-in-a-millennium” occurrence for the volcano as “It takes roughly 900-1000 years for the Hunga volcano to fill up with magma, which cools and starts to crystallize, producing large amounts of gas pressure inside the magma… As gases start to build up pressure, the magma becomes unstable. Think of it like putting too many bubbles into a champagne bottle — eventually, the bottle will break.” (Corryn Wetzel, 18/01/2022). Other experts believed it was the largest eruption in the last three decades.

Others believe that this catastrophe might see as simply warm-up as this vulcanized inside the Pacific Ring of Fire, which is the part of some active world’s volcanoes. The Pacific Ring of Fire stretches in the form of a horseshoe from the southern point of South America along the West Coast of North America, through the Bering Strait, past Japan, and into New Zealand (Pannett et al., Washington Post, 20/01/2022).

It is an active zone where the Pacific Plate collides with many other tectonic plates that creates the bulk of the world’s volcanism and earthquakes; it is considered to have three-fourths of the world’s active volcanoes. This eruption produced a shockwave that travelled across the globe, which was recorded as a pressure wave and an acoustic signal.

According to NPR, NASA experts assessed the blast’s force to be ten megatons, or more powerful than a nuclear weapon (Pannett et al., Washington Post, 20/01/2022) that is many times more powerful than the bomb dropped on Hiroshima. The report further added, based on experts suggestions, that the Tongan volcano is capable of releasing an explosion of such magnitude once every 1,000 years, comparable to a weapons-grade chemical bomb. Some experts suggested this eruption will have long-lasting damage to coral reefs, erode coastlines and disrupt fisheries (Aljazeera, 18 Jan 2022). Warning were also issues about the acid rain around the Pacific Islands that may have an impact on some crops and fruits vegetations.

The eruption also led to inflicting a large volume of material into the stratosphere, including sulphur dioxide (SO2 gas), as per reports, this shall have a significant impact on the climate. Experts stated, “SO2 reflects solar radiation back to space, and can thus have a cooling impact on the climate system, especially for eruptions of this nature in the tropics, where the bulk of the incoming radiation is absorbed.” (Nevada Today, 27 January 2022). Other reports suggest that SO2 will not have any significant impact on the global climate, but it is not clear that there may be further eruptions that can increase the intensity of SO2 concentrations (Ramesh, The Print, 22/01/2022).

Tonga is situated on a fault or junction where the Pacific plate is sinking under the Australian plate, where seduction causes warm water in the sinking plate to rise up and mix with magma, causing it to become vicious; that holds a lot of the hot water as bubbles, causing pressure to build up for eruptive events to occur (Ramesh, The Print, 22/01/2022). The eruption scale is vast and yet to be analysed its major causes by experts.

Conclusion: Small Vulnerable Islands

As a resident of the Pacific Islands, I have enormous sympathy with our Tonga fellow brothers and sisters who had faced the wrath of these devastating volcanic eruptions. These islands are vulnerable to volcanic eruptions, and the experts have diverse opinions about the impact of this volcanic eruption. Still, the answers are stored in future to see the consequences. It would be too soon to assess its actual impact. Pacific Islanders and the entire world need to be cautious of any future events and necessary precautions.

Author: Dr Sakul Kundra, A.HOD Department of Social Science, College of Humanities and Education, Fiji National University.

Disclaimer: The views expressed are his own and not of The Australia Today or his employer. For comments or suggestions, email. dr.sakulkundra@gmail.com

With flowers soaked in tears, family and friends farewelled Poonam and Vanessa

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3 February 2022 11:57 AM

Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today

Indian Australian community farewelled Mill Park home victim of domestic violence at an emotional funeral service in Melbourne’s west.

In an unfortunate incident, On 13th January Indian origin man, Prabhal Sharma allegedly killed his wife Poonam Sharma and 6-year-old daughter Vanessa Sharma.

Poonam Sharma’s parents Chaturbhuj Sharma and Manjeet Sharma have come from the small city of Pathankot in the Punjab state of India to say the last goodbye to their daughter and granddaughter.

Prabhal Sharma is in police custody and has been charged with the murders of his wife and daughter.

Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today
Funeral of Poonam Sharma and Vanessa Sharma: Image Source: The Australia Today

His sister and brother in law also attended the funeral ceremony, they flew in from the UK to be part of the ceremony.

Poonam’s Parents were very emotional while addressing the ceremony. They thanked everyone for standing by them in this difficult time.

May be an image of 1 person, flower and text

The funeral was organised by the Hindu community organisation Vedic Global.
Monica Sharma Raizada is the founding director of Vedic Global.

She told The Australia Today, “It’s a very difficult time for everyone involved, We are working to help and support Poonam’s parents to the best of our abilities.”

“Poonam’s Parents have requested for privacy from media while they go through their religious rituals for funeral,”
said Ms Raizada.

One of the family friends who do not want to be named told The Australia Today, “Prabhal Sharma’s sister and brother in law attended the ceremony but Poonam’s parents are not yet in a mental state when both could have an interaction.”

Ms Raizada works with victims of domestic violence in the Indian Australian community.
She said, “Much is hyped by government and others about addressing domestic violence in the community but on-ground support is just minimal.”

Both these innocent lives could be saved if the system would have worked on the first reported sign of trouble in the family, said Ms Raizada.

“I knew Poonam since she was a young girl, I have seen her growing into a confident young lady with a gold medal in dentistry and today I am organising her funeral.”

Sonila Sharma used to teach Hindi to Vanessa and her sister, daughters of Poonam.

She told The Australia Today, “I am not able to come to terms that Poonam and Vanessa are not with us.”

“It feels like Vanessa will come next weekend sit in my lap and say Sonila aunty I have learned one more Hindi poem.”

We as the Indian Australian community have to work towards these issues by first raising awareness about what is domestic violence and where to get help if need be, said Ms Sonila Sharma.

Prabhal Sharma is due to appear in court on 17th May 2022.

Family and domestic violence support:

1800 Respect national helpline:
1800 737 732
Women’s Crisis Line:
1800 811 811
Men’s Referral Service:
1300 766 491
Lifeline (24 hour crisis line):
131 114

Morrison Government opens coffers for six national manufacturing priority areas

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1 February 2022 4:57 PM

Prime Minister Scott Morrison; Image Source: Supplied

A new $1.6 billion economic accelerator will turn Australia’s leading research into world-beating businesses as part of the Morrison Government’s focus on building the country’s resilience.

Australia’s Economic Accelerator (AEA) features as part of a $2.2 billion package to focus the commercialisation of the six national manufacturing priority areas – resources and critical minerals, food and beverage, medical products, recycling and clean energy, defence and space – bringing the country’s brightest business and academic minds together.

Together with a new $150 million expansion of CSIRO’s Main Sequence Ventures, the AEA will reshape research funding to emphasise projects with high potential for commercialisation that are directed at National Manufacturing Priorities and industry engagement.

Prime Minister Scott Morrison said the AEA would invest in projects as they progressed through the stages of their development.

“Stronger commercialisation of research and ideas will mean a stronger economy and a stronger future for Australia,”
PM Morrison said.

“This is about funding projects to bridge the ‘valley of death’ where early-stage research is often not progressed due to higher levels of risk and uncertainty.

“The AEA will drive our universities and businesses to work hand-in-glove through the stages to prove projects’ viability and potential.

“Expanding the CSIRO’s Main Sequence Ventures program then takes this further, incentivising the additional venture capital investment support needed to progress innovative new products and technologies through to market to become the new businesses and employers of the future.”

Acting Minister for Education and Youth Stuart Robert said the AEA would boost investment in two critical stages of experimental development: proof of concept and proof of scale.

“The AEA will become a critical source of competitive funding support for innovating new projects with high commercial potential, and will take a lot of the risk and uncertainty for universities out of the equation,”
Minister Robert said.

“We will start with a big range of contenders – a contest of ideas.

“But as we progress to stage two, the number of applicants will diminish and the value of the funding to each will increase.

“For example, stage one will involve nearly 100 grants a year of up to $500,000. Recipients will be required to engage the industry through in-kind support or even co-location.

“In order to be one of the 36 recipients attracting up to $5 million in funding as part of ‘stage two’ projects, the industry will need to put more skin in the game with a 50 per cent co-investment.

“At stage three, up to 50 companies will be supported through the Main Sequence Venture, where we are providing $150 million in two successive co-investment funds.

“This investment is about new jobs, increased wages, and creating products that make life easier, more efficient or even more interesting,”
Minister Robert said.

Minister for Industry, Energy and Emissions Reduction Angus Taylor said the grants were an investment in Australia’s future industries and smart manufacturing within the Morrison Government’s National Manufacturing Priorities.

“By working with industry and researchers, the government is helping to ensure our economy benefits from our world-class research, both now and well into the future,”
Minister Taylor said.

Minister for Science and Technology Melissa Price said the $150 million expansion of the CSIRO Main Sequence Ventures program would back start-up companies and help create commercial opportunities from Australian research.

“The Morrison Government is prioritising investment in research and action to turn Australia’s best ideas into new industries and strengthen our future prosperity,” Minister Price said.

“The expansion of the Main Sequence Ventures will further support the development of spin-off and start-up companies with high commercial potential arising from local research.

“Over the past four years, Main Sequence Ventures has invested in 39 companies that are commercialising deep tech opportunities that have created more than 1,200 technology-related jobs.

“Our new investment in this program will ensure it can play a bigger role in our economy and help develop the next generation of great Aussie companies and products.”

Minister Robert said the Morrison Government would also invest $296 million in industry-focused PhDs and fellowships to support its research commercialisation goals and drive greater university-industry collaboration.

“This new scheme will generate 1,800 industry PhDs and over 800 industry fellows over 10 years to fundamentally reshape the workforce of Australia’s universities,” Minister Robert said.

“PhD students will benefit from the experience of undertaking research within industry settings, creating employment pathways beyond academic roles.

“Industry will benefit from the opportunities to host PhD students, bolstering their ability to harness ideas and concepts for innovation, as well as to open the pathway to the recruitment of high-calibre graduates. This will be further enhanced by a new suite of ARC Fellowships that will recognise and reward our academics who collaborate with industry, helping to drive the translation of their research, creating new pathways for their work.

“These initiatives will change the culture and the focus of research across Australia’s universities – building greater engagement with industry and ensuring that innovation is at the core of our economic future as a nation.”

Market Mantra: Are we in trouble as Australian shares record worst month since March 2020

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31 January 2022 5:52 PM

The Australian market recorded another torrid week of losses as the Fed stance weighed heavily on investor sentiment. The investors however managed to drag the ASX 200 index just out of correction territory after a late rally on Friday.

Usually, a rally of 2.2% on a single day would be a cause of celebration. However, in a week that saw the market lose 2.6% for the week and enter into a rapid 10% correction territory, the late rally on Friday was more like a nervous sigh of relief for the investors.

The ASX 200 index has now lost almost 7% in January, recording its worst month since March 2020 when markets recorded a 30% COVID19 swoon.

The Fed said on Wednesday that it would likely raise interest rates in March and begin tapering bond purchase programme during the same month, with interest rates and inflation marching upwards nobody is sure how high they will go and many investors believe this could be the start of another big dipper ride.

Most analysts believe that there is going to be a lot of scary ups and downs from here and any recovery day like Friday could be just that, a short-term relief with even a 2.2% recovery on a single day coming nowhere near to making up for four consecutive days of falls.

Every sector on the Australian market was down for the week with technology stocks being the biggest victim. Technology stocks lost 8% for the week and are down 21.3% for the month of January so far.

One of the big events last week came from BHP however which ended its dual listing on London Stocks Exchange and have now listed all its shares on ASX. This move means BHP which previously represented 6% of the ASX 200 represents a mammoth 10.9%.

The move forced index funds and other managed funds that measure their performance against the index to buy up BHP shares. The move resulted in a 2.3%rise in BHP shares on Friday with an estimated $4 billion of extra demand for Australia’s largest miner.

The investors in Australia will now be waiting nervously to the Reserve Bank of Australia’s policy meeting on Tuesday for a hawkish tilt as domestic inflation has accelerated. With markets betting that US Federal Reserve could raise interest rates as many as seven times in 2022 there is also a strong expectation that RBA will drop its quantitative easing bond-buying programme.

While most analysts expect RBA to leave the interest rates at 0.1% on February 1, we believe that with inflation in Australia threatening to follow the US inflation rate even higher RBA will be forced to start raising interest rates as early as August.

As such it will be interesting to note what sort of guidance comes from the RBA meeting this Tuesday.

Traders will also keep an eye for domestic consumer confidence figures, home prices, lending figures, retail trade, new car sales, international trade, inflation expectations and building approvals, which are all due this week.

However, given the current volatility in share markets, it will be the movement in Wall Street that will define which direction the markets take. We feel that there will be more pain for investors to come with a bearish outlook for the US stock market hitting a nine-year high in the latest American Association of Individual Investors Sentiment Survey.

Last week we mentioned in our report that even though gold is looking bullish in the short term we are of the view that the upside momentum of gold could be hard to maintain due to an expected interest rate rise in the US. A rate hike usually reduces the appeal of holding a non-interest bearing bullion.

As predicted with growing expectations of US interest rate hikes pushing US Dollar to a multi-month high the yellow metal recorded its worst week since late November.

Gold prices slipped below their 100 and 200 day moving averages after the US Federal Reserve reaffirmed its plans to end its pandemic-era bond purchases and signalled an interest rate hike in March.

The rate hike expectations set the US Dollar to record its biggest weekly rise in seven months. Thus making gold more expensive for overseas buyers.

It will be interesting to see how gold prices play from here. We strongly believe that gold prices will go through a roller-coaster with both gains and declines limited from here as traders try to make choice between gold’s credentials as an inflation hedge amid rising stock market volatility and the cost of holding non-interest bearing bullion during a rising interest rate environment.

Oil prices however continued to climb for a sixth consecutive week, rising to a more than a seven-year peak on Friday, as geopolitical turmoil exacerbated concerns over tight energy supply.

As supply continues to remain constrained for oil and heightened geopolitical risks driven by fears that Russia may invade Ukraine many oil executives and a chorus of Wall Street Banks are predicting oil to return to $100 per barrel.

Oil prices so far have continued to defy the risk-off sentiment elsewhere with demand almost reaching pre-pandemic levels whereas the supply struggling to keep up with that. With geopolitical events on the Russian border added to the mix, we believe oil will be trading above $100 per barrel in the next few months.

The traders will be keeping a close eye on the February 2 meeting of OPEC nations and allies led by Russia, collectively known as OPEC+. However, we believe the OPEC+ will continue to stick with its current planned oil output targets.

The Australian Dollar fell below the key 0.7000 level against the US Dollar, its lowest since July 2020 on renewed greenback’s demand following Fed Reserve’s latest announcement on monetary policy.

Heating inflation has put US policymakers in action, resulting in Fed Chairman Jerome Powell pretty much pre-announcing an interest rate hike in March. On inflation, however, Fed Chairman expressed concerns that inflation would keep rising but at the same time, he is determined to combat it.

The decision boosted the greenback and sent the stock markets into a downward spiral, a perfect scenario for AUD/USD depreciation. With Wall Street closing in red for a fourth consecutive week and gold prices also plummeting the Aussie looks set to decline further.

Even technically the pair is poised to extend its declines. On the weekly chart, the 200 SMA acted as major resistance and the AUD/USD pair has plummeted after failing to breach it. The 20 SMA also crossed below the 100 SMA on the weekly chart and is pointing firmly lower.

On the daily charts also the bearish patterns are very clear and strong with all technical indicators maintaining their downwards slopes. The next relevant support level will be 0.6920 which will be keenly watched by the traders as a break below it could expose the Aussie to fall to as low as 0.6770.

While bulls may try to gain some momentum on Monday due to a green finish on Wall Street on Friday night, we believe sellers will most likely re-appear around 0.7100. AS such any rallies in the AUD/USD pair should be seen as an opportunity to sell.

The Indian Rupee too continued its decline against the US Dollar after the hawkish Fed policy stance.

Muted domestic equities, sustained foreign fund outflows and firm crude prices all continue to weigh on Indian currency as it breached the 75.00 mark against the US Dollar. The RBI had been aggressive over the last two years to keep the USD/INR pair below the 75.00 level. However, with this level finally breaching on massive risk-off sentiments it would be important to see what stance RBI takes to control the falling Rupee.

For traders in India, however, all eyes will be on the trajectory of crude oil prices and how the situation pans out in Eastern Europe.

Two weeks ago the crypto asset spot markets were dismal whereas the NFT market remained unscathed. Last week, however, it was a reverse of fortunes with NFT sales dropping 13% while the crypto prices rebounded from the market route.

NFT sales were down on all 12 blockchains that produce NFTs, with Ethereum’s gross NFT sales down 11.78%, Solana recording a 16.87% decline in gross NFT sales and Ronin shedding 47.83% on NFT sales for the week.

The crypto asset market on the other hand was very different as the market showed signs of recovery with Bitcoin and close to 40% of altcoins advancing. Bitcoin prices saw a gain of four days in a row at the time of writing this report and was now trading above the US$38,000 mark, after falling to the $33,000 mark.

In a surprise, for investors, the crypto market saw itself stabilising this week despite the hawkish stance of the US Federal Reserve. The cryptocurrencies have previously declined constantly on the Fed’s indication of a rate hike.

Ethereum prices too rose significantly to rise above the $2500 mark. However, it was Beagle Inu that was the top gainer on the crypto pack. The coin gained 745.72% on Friday alone.

In Agricultural products, all eyes have been on Ukraine this week. As tensions build on Russia (world’s largest wheat exporter) and Ukraine (major wheat producer) border, consumers moved to increase cover and wheat markets rallied.

South American weather also remained in focus with drought-like conditions in Brazil and Argentina price of soybean and corn crops both increased.

Moving forward we believe weather conditions in South America will continue to play a role in market direction and supply confidence for agricultural grains. It will be tensions and rhetoric around the Ukraine border however where the grain traders will continue to keep a close eye.

Author: Ateev Dang is a trader and trading coach by profession. He runs his own business called Glow trades Pty Ltd where he teaches anyone who is interested in starting on their trading journey how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are his own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

Please Help to find Indian man Sathyendra Subbanna, urges Police

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30 January 2022 4:00 PM

Missing person Sathyendra Subbanna; Image Source: NSW Police

NSW Police is appealing for public assistance to locate an Indian origin man missing from the Minto area in Sydney.

Sathyendra Subbanna, aged 62, was reported missing to Police officers attached to Campbelltown City Police Area Command on Thursday 13 January 2022, after he failed to return to work after time off.

Sathyendra is described as being of Indian Sub- Continental appearance, about 165cm tall, of medium build, with short grey hair and grey/white moustache.

He was seen wearing black button up shirt, black jacket, black long pants, black and white shoes, black hat and carrying a white/grey backpack with a large yellow smiley face.

Initial Police inquiries revealed he was last seen leaving a home on Cochrane Street, Minto, on Tuesday 14 December 2021.

He was last seen on CCTV footage leaving a hotel on Bong Bong Street, Kiama, about 9am on Saturday 18 December 2022.

Police hold serious concerns for Sathyendra’s welfare.

He is known to frequent the Campbelltown area and areas of the South Coast including Kiama and Jervis Bay.

Anyone with information about Sathyendra’s whereabouts is urged to contact Crime Stoppers on 1800 333 000.

Anyone with information about this incident is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence. The public is reminded not to report information via NSW Police social media pages.

Ash Barty wins Australian Open women’s title, dominates Collins in final

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30 January 2022 12:25 PM

Ash Barty wins Australian Open women's title: Image Source: Australian Open

World number one Ashleigh Barty won the Australian Open women’s title on Saturday night by defeating Danielle Collins in the final.

Barty is the first Australian woman in the 44 years since the last homegrown champion, Chris O’Neil, held an Australian Open singles trophy. She defeated Collins of USA by 6-3, 7-6 in the final at the Rod Laver Arena.

Barty’s Australian Open victory is her third Grand Slam title after winning Roland Garros in 2019 and Wimbledon last year, while she ends a long drought for Australian women at their home major that has endured since Chris O’Neil won the crown in 1978.

The 25-year-old didn’t lose a set en route to lifting the Daphne Akhurst Memorial Cup for the first time and extended her head-to-head record over Collins to four wins from their five encounters.

Ashleigh Barty said it was a ‘little bit surreal’ after she won the Australian Open women’s title on Saturday night by defeating Danielle Collins in the final.

“It was a little bit surreal,” she said afterward.

“I think I didn’t quite know what to do or what to feel, and I think just being able to let out a little bit of emotion, which is a little bit unusual for me. Being able to celebrate with everyone who was there in the crowd, the energy was incredible tonight.”

“Being able to understand how much work my team and I have done behind the scenes and over the last few years, to get to this point to be able to have this opportunity was really special. I think it just kind of all came out at once – a really, really special moment,” she continued.

Game, set, match 🇦🇺 🏆

Barty's got all the shots on Day 1️⃣3️⃣. #AusOpenWithInfosys • @Infosys pic.twitter.com/UuFbxYQMRC
— #AusOpen (@AustralianOpen) January 30, 2022

Barty’s Australian Open victory is her third Grand Slam title after winning Roland Garros in 2019 and Wimbledon last year.

“I honestly just thought how lucky am I that I’ve got so many people here that love me for me, and got to experience this with me. Because I was gutted when mum and dad and some of my team couldn’t be there in Paris and in London.”

“I think to be able to have almost everyone here was really, really special, and to do it at home and to be able to do it with them experience it with them was really special. Yeah, mum was always going to be the first one that I gave a hug to,” the world number one added.

Collins, 28, was playing in her first major final in her 17th main draw appearance, and her career-best run at a Slam will see her crack the top 10 for the first time when the post-Australian Open rankings are released on Monday.

TGA approved Pfizer booster for 16–17 year olds in Australia

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28 January 2022 10:46 AM

Therapeutic Goods Administration’s (TGA) has provided approval of the Pfizer COVID-19 booster dose for young people aged 16–17 years old in Australia.

The advice from the TGA is the first step of a two-stage process, with further advice, including the timeframe that a booster should be administered after the second dose, to be provided by the Australian Technical Advisory Group on Immunisation (ATAGI).

Advice from ATAGI is expected to be provided to government shortly.

We know that two doses of a COVID-19 vaccine provides very good protection, especially against severe disease.

A booster dose potentially makes sure the protection from the first two doses is even stronger and longer lasting, helping prevent the virus from spreading and new variants from emerging.

The provision of booster doses for sixteen and seventeen year olds will provide further protection and peace of mind for children and their parents.

Australia was one of the first countries in the world to commence a whole of population COVID-19 booster program. Over 7.1 million Australians have already received a booster dose over recent weeks.

Over 93.1 percent of Australians aged 16 and over have completed their primary course of vaccination.

All Australians who are currently eligible for their primary course of vaccination, or for their booster dose, and who have not yet acted are urged to make a booking as soon as possible to get vaccinated.

The Australian Government has secured more than 151 million booster doses for delivery over the coming year and is well placed to continue to achieve world leading vaccination rates against COVID-19.

To book a booster dose please use the COVID-19 Clinic Finder and make your appointment.

Sydney-based 11-year-old Pritish officially World’s Fastest Drummer

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27 January 2022 12:23 PM

Image source: Pritish A. R. - YouTube screenshot.

11-year-old A. R. Pritish has broken the record for the most drumbeats in a minute using drumsticks – 2,370 i.e. almost 40 beats per second.

Sydney-based Pitish started playing drums at the age of five and completed the highest grade exam in the Trinity College of London, Grade 8, for drums in 2020.

In 2021, he created a Guinness World Record for the title “Most drumbeats in a minute using drumsticks” by playing 2,370 beats in a minute.

Image source: Pritish A. R. – YouTube Screenshot.

Pritish is Year 6 student of St Francis Catholic College, Edmondson Park.

During the COVID-19 pandemic, with the support of his family, Pritish continued his music learning journey uninterrupted online.

Image source: https://kids.guinnessworldrecords.com/

The previous record of 2,109 drumbeats in a minute was set by Siddharth Nagarajan (India) in 2017.

The drumbeats are measured using a drumomoter and also recorded using a pressure sensitive microphone.

This is counted by experienced technicians and sound engineers who corroborate the drumometer’s reading.

WATCH VIDEO: Pritish A R – Official World’s Fastest Drummer – Breaks Guinness World Record

Who Drafted and How ‘Indian’ is the Indian Constitution

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26 January 2022 8:08 PM

Constitution of India; Image Source; esamskriti.com

By Sanjeev Nayyar

What was the process of drafting the Indian Constitution?
Was the Constitution an original document? How relevant to India is a Constitution ie based on Western concepts?

The above got me curious and wanting to know how did the Indian Constitution come into being, who all were involved in drafting it and if the holy book was an original piece of work? Read on.

The Constituent Assembly (CA) appointed a number of committees to consider and report on various important matters for which provision had to be made in the constitution. By August 1947, the broad principles as set out in the recommendations of these committees had been discussed in the CA.

The Constitutional Advisor, Sir Benegal Narsing Rau, undertook the preparation of a draft embodying the various decisions of the Assembly based on the reports of its committees. It contained 240 clauses 13 schedules.

Few know that the first draft of the Constitution of India was prepared by Sir B N Rau in October 1947.

Almost every clause of the first draft had a marginal note giving references to the corresponding provisions in other constitutions or in the Government of India (GOI) Act 1935. Here are some examples.

Clause 12 (1) Right to Equality: Equal opportunities for all citizens in the matter of employment under the State. (Cf. Government of India Act 1935, ss 275 and 298).

Clause 15 Right to Freedom: Liberty to exercise the following rights subject to public order and morality i.e. speech and expression, assemble peacefully without arms, to form associations or unions, move freely throughout the territories of the federation. (Cf. Irish Constitution, Art 40 (6). Constitution of Danzig, Art 75).

Clause 16 Protection of life and liberty and equality before law: No person shall be deprived of his life or personal liberty without due process of law, nor shall any person be denied equality before law within the territories of the Federation. (Cf U.S.A Constitution (1868), Art XIV, S. I, Irish Constitution Arts 40(1) and 40(4).

Clause 20 – Rights relating to religion: Subject to public order, morality and health and to the other provisions of this Part, all persons are equally entitled to freedom of conscience and the right freely to profess, practice and propagate religion. (Cf. Irish Constitution, Art 44(2)1).

Clause 55 – There shall be a Council of Ministers with the Prime Minister at the head to aid and advise the President in the exercise of his functions. (Cf. Government of India Act, 1935, s 10, and Irish Constitution, Art 28 (1).

The source of what we call Central subjects today, called Federal Legislative List was in the first draft. (Cf. Government of India Act 1935, Seventh schedule, para 3).

In fact, it was the Provincial Legislative List, based on the 1935 Act that stated, agriculture and the right to tax agricultural income were State subjects. Eighty-five years later, India and her agricultural needs have changed but this rule remains.

Clause 75 Definition of “Money Bills” 1935. (Cf. GOI Act 1935, s.37; Commonwealth of Australia Constitution Act, Ch 1, s.53, and Irish Constitution Arts 22 (1) 1and 2).

These are only a few examples of clauses drawn from other constitutions and the GOI Act, 1935. The said Act was passed by the British Parliament and was based on a report by a Joint Select Committee, led by Lord Linlithgow.

Many of these clauses form part of our Constitution even though the exact wordings might have changed. In all subsequent deliberations of the committee, the first draft constituted the basic document and working paper.

Returning to the making of our constitution the Order of Business Committee, in its report dated July 9, 1947, recommended by the CA the appointment of a committee. Thus, the CA adopted a resolution dated August 29, 1947 that authorised the appointment of a Drafting Committee (DC) to scrutinise the draft of the constitution prepared by the Constitutional Advisor, Sir B N Rau.

The DC consisted of seven members – Alladi K Ayyar, N G Ayyangar, B R Ambedkar, K M Munshi, B.L. Mitter, D.P. Khaitan and Mohammad Saadulla. When Khaitan died T T Krishnamachari was nominated. N Madhava Rau replaced B L Mitter who resigned due to ill health.

At its first meeting held on August 30, Dr Ambedkar was elected chairman of the DC. Thereafter, the DC met on 42 days starting October 27, 1947 and spent considerable time discussing each article of Rau’s first draft.

The DC submitted a Revised Draft Constitution to the President of the Constituent Assembly on February 21, 1948. It contained 315 articles and 8 schedules. In his covering letter, Ambedkar was gracious enough to place on record the DC’s gratitude to Sir B N Rau and Shri S N Mukherjee, Joint Secretary and Draftsman.

The DC was criticised by those who were looking for originality in the document.

Whilst addressing the CA on 4 November 1948, Ambedkar said (excerpts), “It is said that there is nothing new in the draft Constitution, that half of it has been copied from the GOI Act of 1935 and the rest of it has been borrowed from the constitutions of other countries. One likes to ask whether there can be anything new in a constitution framed at his hour in the history of the world.”

Responding to the accusation that the Draft Constitution has re-produced a good part of the GOI Act, 1935 Ambedkar added, “I make no apologies. There is nothing to be ashamed of in borrowing. It involves no plagiarism. Nobody holds any patent rights in the fundamental ideas of a Constitution.” Worshipping False Gods by Arun Shourie pg 575.

I must admire Dr Ambedkar for being forthright and honest.

The period from February 1948 to November 1949, when the Constitution was finally adopted by the Constituent Assembly is a vital part of the evolution of our Constitution because a number of historic events took place during that period which influenced the discussions on the provisions of the Constitution. For e.g. the integration of Indian States, abolish of special privileges of religious minorities whilst retaining privileges for backward and depressed sections like Scheduled Castes and Scheduled Tribes, Centre-State relations.

The Draft Constitution, as prepared by the DC was widely circulated. A Special Committee was formed on April 10 and 11, 1948 to review the draft esp. those provisions which departed from decisions taken by the earlier assembly.

The DC met again in October 1948, to review the whole position in light of the feedback by the Special Committee. Thereafter Ambedkar, as Chairman of the DC, made a fresh report to the President of the Assembly, indicating amendments which the Committee had selected for being moved in the Assembly.

The Draft Constitution was introduced in the Assembly on November 4, 1948. It was discussed for over a year before being adopted on November 26, 1949, when the President authenticated it. The Republic of India established by the Constitution came into being on January 26, 1950; and on that day the Constituent Assembly ceased to exist.

Constitution-making by the Assembly took nearly three years i.e. from December 9, 1946, to November 26, 1949. Sir Rau, Shri S N Mukherjee, members of various committees of the CA and the DC contributed to its making.

It is easy to find fault with the Constitution today. To be fair, we must visualise the state of India in the aftermath of independence and partition and the challenges faced then.

Having said that, Viceroy Linlithgow made a valid point in August 1940, “The framing of the new constitution should originate from Indian conceptions of the social, economic and political structure of Indian life.”

It appears the drafting committee missed his advice. An example is the September 2018 Apex Court order in the Sabarimala case, where the expression “religious denomination” was used to determine whether Ayyappa devotees, constituted a religious denomination under Article 26, had the freedom to manage their own affairs in matters of religion.

Senior Advocate Arvind Datar wrote, “It is interesting to note that Article 26 is derived from Article 44 of the Irish Constitution, 1937. This Article 44, in turn, was based on Article 114 of the Constitution of Poland, 1921.” The concept of the religious denomination is of Judeo-Christian origin and used in the context of defined denominations that exist in Christianity yet we apply it to India, where followers of Dharma are in majority.

Whilst acknowledging the stupendous work done in drafting a constitution, seventy years is a good time to ask.

How Bharatiya is our constitution? How adapted is a Western system of justice and law to Indian culture, ethos, identity and practice? Is the Supreme Court motto, यतो धर्मस्ततो जयः Yato Dharmah Tato Jayah, Where there is Righteousness (Dharma), there is Victory (Jaya), reflected in the Constitution?

These questions are worth pondering over, not only for those educated in Western jurisprudence but for every well-meaning Indian.

The author has liberally borrowed from ‘The Framing of India’s Constitution’ (Volume 3) Editor B. Shiva Rao and expresses deep gratitude to those who contributed to this amazing book of six volumes and does not claim originality for the above facts. These volumes are published by LexisNexis (A Division of Reed Elsevier India (Pvt) Ltd, Gurgaon 122002, Haryana, India.)

When praised Dr Ambedkar was gracious enough to, in his speech for Adoption of the Constitution by the Constitution Assembly made on November 25, 1949, acknowledge contributions to the Constitution-making process by Sir B.N. Rau, members of the Drafting Committee and Mr S.N. Mukherjee, the Chief Draftsman of the Constitution.

Author: Sanjeev Nayyar is a Corporate Trainer, Business Consultant, Chartered Accountant, Columnist since 2003, Committed Photographer & Ex HLL, Star TV.

Disclaimer: The article was first published on esamskriti.com, We have republished it with kind permission from the author. The author is solely responsible for the views expressed in this article. The opinions and facts are presented solely by him, and neither The Australia Today News nor its partners assume any responsibility for them.

Two Indian-origin people awarded highest civilian Honours in Australia

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26 January 2022 1:06 PM

Indian origin people in Australia Day Awards: Image Source: Supplied

The Governor-General of Australia, Gen. David Hurley, AC, DSC, FTSE, has announced Honours to 1040 Australians.

This includes awards in the Order of Australia (General and Military Divisions), meritorious awards and recognition for distinguished and conspicuous service in the Australian Defence Force.

Among the awardees are two Indian-origin people:

Mr Deepak-Raj GUPTA – Medal (OAM) of the Order of Australia in the General Division – Mr Gupta is Patron of Canberra India Council and He was also a Labor member for Yerrabi in the Australian Capital Territory Legislative Assembly from July 2019 to October 2020. He has been awarded for service to the community of Canberra.

Deepak Raj Gupta told The Australia Today, I was pleasantly surprised to see my name on the list.

“It’s a great honour, and I dedicate my success to Indian Australian Community.”

Born in a middle-class family, Deepak landed in Australia with just 150 dollars in his pocket. He washed cars, worked in restaurants to sustain his studies. He initially studied in Government Senior Secondary School and Graduated from DAV College in the Indian city of Chandigarh.

In Australia, He has worked as an Executive Officer in the Defence Department. He was also the President of the Australia-India Business Council (AIBC) for 10 years and was also a member of the AIBC National Executive Board of Directors.

Mr Gupta made headlines when he became the first Indian origin MLA from the Labor Party in the Australian Capital Territory (ACT) Parliament.

Mr Gupta says he would have loved to see more Indian Australians on the Award list this year. Just imagine, be it transport, hospitality or healthcare Indian Australians have been on the frontline serving the community in difficult times of pandemic.

“We Indian Australians have to unite to get our due recognition, all political persuasions are using us as vote banks without giving that seat on the table.”

“However, I am very confident about the next generation of Indian Australians, which has started to make its mark in all walks of Australian society.”

Professor Prithvipall Singh BHATHAL – Member (AM) in the General Division of the Order of Australia – Prof. Bhathal is a Consultant Histopathologist. He has been awarded for significant service to pathology, education and mentoring, and to medical research.

A graduate of the University of Adelaide, Professor Bhathal trained in histopathology at the Royal Melbourne, Royal Children’s and Alfred Hospitals. He completed his PhD at the University of Melbourne’s Department of Pathology and followed this with appointments as senior lecturer in Pathology at the University of Queensland and Reader in Pathology at the University of Melbourne.

From 1978 to 1999 he was Professor/Director of Anatomical Pathology at the Royal Melbourne Hospital. In addition to his role as Histopathologist at Melbourne Pathology, he continues to teach and research part-time in the Department of Pathology, University of Melbourne, where he is an Honorary Professorial Fellow.

Professor Bhathal has an international reputation in hepatic and gastrointestinal pathology and was presented the Distinguished Pathologist Award of the International Academy of Pathology in June 2007, and the Distinguished Research Prize of the Gastroenterological Society of Australia in October 2007. He was awarded the Distinguished Pathologist Award of the Australasian Gastrointestinal Pathology Society in October 2019 and was inducted as a Fellow of the American Gastroenterological Association (AGAF) in February 2021.

The Governor-General is continuing to reach out to organisations in Australia and to the general community to increase diversity in nominations.

Image source: Gov. Gen. David Hurley, AC, DSC, FTSE – Governor General.

Congratulating the awardees, Gen. Hurley said:

”Congratulations to the outstanding Australians recognised in today’s Honours List. Collectively the recipients, whose achievements span community service, science and research, industry, sport, the arts and more, represent the strength and diversity of Australia. It has been a challenging couple of years and the recipients announced today are a reminder and reflection of the richness of spirit, selflessness and good in our community.”

He added:

“To the individuals being celebrated today; thank you for your contribution to Australia and congratulations on being recognised by your peers and your nation. To all Australians, please consider nominating someone outstanding from your community for recognition in the Order of Australia. The Order belongs to each of us and we each have a part to play. The only way a person can be recognised is for someone to nominate them.”

Of the 732 awards in the General Division of the Order of Australia, the highest ever percentage (47 per cent) are for women and 45 per cent are for service to local communities.

Gen. Hurley observed:

“The fact that the list includes the highest ever percentage of women is very encouraging and I look forward to this positive trend continuing. We will continue to increase awareness and encourage nominations for people from parts of our community that have been historically underrepresented.”

In addition to the 732 recipients of awards in the General Division of the Order of Australia (7 AC, 25 AO, 155 AM and 545 OAM), today’s Honours list includes:

30 recipients of awards in the Military Division of the Order of Australia (3 AO, 16 AM and 11 OAM)
197 Meritorious awards
81 Distinguished and Conspicuous awards

This list also includes 58 Australians recognised for their contribution in support of Australia’s response to the COVID-19 pandemic.

These individuals, recipients of awards in the General Division of the Order of Australia, Meritorious Awards and Military Awards will also be included in an ongoing and permanent COVID-19 Honour roll.

The Indigenous Flag: “It belongs to all Australians now”

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25 January 2022 1:36 PM

The Indigenous Flag: "It belongs to all Australians now"; Image Source: Supplied

With a significant deal done by the Federal Government, the symbol of Indigenous Australia is available to all Australians freely to use.

Prime Minister Scott Morrison said the Aboriginal Flag copyright has been transferred to the Commonwealth.

“We’ve freed the Aboriginal flag for Australians,” the Prime Minister said.

It was after long and complex negotiations that the designer of the flag agreed to transfer copyright to the Commonwealth.

The flag was created by Harold Thomas in 1970 to show case the relationship of Indigenous people with the land.

For last 52 years, anyone who wanted to use the flag had to pay a fees and seek permission.

“The Aboriginal Flag will now be managed in a similar manner to the Australian National Flag, where its use is free, but must be presented in a respectful and dignified way,”
Said PM Morrison

“All Australians can now put the Aboriginal Flag on apparel such as sports jerseys and shirts, it can be painted on sports grounds, included on websites, in paintings and other artworks, used digitally and in any other medium without having to ask for permission or pay a fee.”

As part of the copyright transfer, Harold Thomas will retain his moral rights over the flag and the Commonwealth has also agreed that:

All future royalties the Commonwealth receives from Flagworld’s sale of the flag will be put towards the ongoing work of NAIDOC.

The Australian Government will provide an annual scholarship in Mr Thomas’ honour worth $100,000 for Indigenous students to further the development of Indigenous governance and leadership.
The National Indigenous Australians Agency will create an online history and education portal for the flag.
An original painting by Harold Thomas recognising the flag’s 50^th anniversary and the historic transfer of copyright will be gratefully accepted and displayed in a prominent location by the Australian Government.

Designer of the flag Harold Thomas said “I hope that this arrangement provides comfort to all Aboriginal people and Australians to use the Flag, unaltered, proudly and without restriction.”

“I am grateful that my art is appreciated by so many, and that it has come to represent something so powerful to so many.”

“The Aboriginal Flag design is my dreaming, intertwined with my wife’s family and mine, our ancestral belonging. The land, and the landscape, is indelible in my make-up; it courses through my consciousness and subconsciousness.”

“The Flag represents the timeless history of our land and our people’s time on it. It is an introspection and appreciation of who we are. It draws from the history of our ancestors, our land, and our identity and will honour these well into the future,” Mr Thomas added.

Minister for Indigenous Australians Ken Wyatt said securing the free use of the Aboriginal Flag was profoundly important for all Australians.

“The Aboriginal Flag is an enduring symbol close to the heart of Aboriginal people,” Minister Wyatt said.

“In reaching this agreement to resolve the copyright issues, all Australians can freely display and use the flag to celebrate Indigenous culture. Now that the Commonwealth holds the copyright, it belongs to everyone, and no one can take it away.”

To ensure the flags themselves are of the highest quality and continue to be manufactured in Australia, Carroll and Richardson Flagworld will remain the exclusive licensed manufacturer and provider of Aboriginal Flags and bunting. While this ongoing arrangement covers commercial production, Flagworld is not restricting individuals from making their own flag for personal use.

Mr Thomas has indicated that he intends to use $2 million to establish an Australian Aboriginal Flag Legacy not-for-profit to make periodic disbursements aligned with interests of Aboriginal Australians and the flag.

Smriti Mandhana named ICC Women’s Cricketer of 2021

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24 January 2022 8:54 PM

Smriti Mandhana named ICC Women's Cricketer of 2021; Image Source: @ICC

India opening batter Smriti Mandhana has been named as the winner of the Rachael Heyhoe Flint Trophy for ICC Women’s Cricketer of 2021.

In the limited-overs series against South Africa where India won just two of the eight matches at home, Mandhana played a major role in both of the wins. She made 80 not out as India chased down 158 in the second ODI that helped them level the series and scored 48 not out in the win in the final T20I.

Mandhana played a sublime inning of 78 in the first innings of the one-off Test against England that ended in a draw. She played an important knock of 49 in India’s only win in the ODI series. Her 15-ball 29 and fifty in the T20I series went in vain though as India fell short in both the matches and lost the series 2-1.

Mandhana was in good touch in the series against Australia, starting with the ODI series where she scored 86 in the second ODI. She compiled a brilliant century in the only Test (the first of her career) and was awarded the Player of the Match. She scored her second T20I fifty of the year in the final T20I, though India fell short and lost the series 2-0.

Memorable performance

Mandhana made India’s first-ever pink-ball Test even more memorable by smashing her maiden century in the longest format.

The left-hander played her natural game, to begin with, and scored a run-a-ball half-century, playing with caution under the lights.

Mandhana was caught on 80 but was given a reprieve after Ellyse Perry overstepped. She made the most of the lifeline, reaching her first Test century in style with a boundary.

Her innings finally came to an end at 127, after putting India in a strong position. The match ended in a draw, and Mandhana was declared the Player of the Match.

A remarkable journey of Dr Ashwath: From a small town in India to finding source of low-emissions biodiesel in Australia

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24 January 2022 4:35 PM

Dr Nanjappa Ashwath, an associate professor at Central Queensland University, has found an important breakthrough that can potentially end the food-versus-fuel land-use debate in the biofuel sector.

Dr Ashwath has been researching Australian plants for over 40 years and is an acknowledged expert in Central Queensland botany.

Presently, he is exploring Australian native species for biofuel (bioethanol; eg agave and biodiesel; eg beauty leaf tree) production from degraded landscapes.

Image source: *Calophyllum inophyllum* – CIFOR.

Dr Ashwath claims that the beauty leaf tree, or Calophyllum inophyllum, can be grown on marginal land in Australia.

The oils of this tree could be made into the less-profitable medicinal Tamanu oil.

He told ABC News that this tree is similar to a medium-sized mango tree or a macadamia tree with seeds and a kernel inside but with a softer shell.

“The tree produces about 10,000 fruits per tree per year, which equals to it producing up to 4,000 litres of biodiesel per hectare per year – and that’s growing up in a really marginal soil.”

Dr Ashwath who grew up in a small town in Karnataka, India was always fascinated by seeds and plants.

In fact, it was his passion for studying plants and fruits that made him quit civil engineering and join an agricultural university.

Image source: Dr Nanjappa Ashwath, Twitter

After coming to Australia, Dr Ashwath fell in love with Australian native plants and continued to research these plants.

Based on the Hindu belief system, he regards Australian plants as the “Living Gods” that can save our planet from land degradation.

This is due to the Australian plants’ ability to grow in any soil – despite drought, salinity, waterlogging and heavy metals.

Image source: Breakdown of Australia’s theoretical resource potential in petajoules per annum (PJ) Bioenergy Roadmap/ARENA.

In November 2021, the Australian federal government has outlined its commitment to bioenergy in its release of the first Bioenergy Roadmap.

According to this roadmap, by the 2030s, the biofuel sector could contribute about $10 billion in extra GDP per year with 26,200 new jobs.

Further, it will reduce emissions by about 9%, divert an extra 6% of waste from landfills, and enhance fuel security.

Federal Energy Minister Angus Taylor who commissioned the Australian Renewable Energy Agency to develop the roadmap, also announced $33.5 million in funding to implement it.

Dr Ashwath adds that the overall demand for biodiesel has remained low in Australia as people opt for cheap traditional petroleum diesel.

“There are many inquiries, especially in Indonesia [where] they’re establishing quite large plantations, especially in the islands where they don’t have the supply of the petroleum diesel.”

Dr Ashwath notes that in the coming years’ Australian producers looking for additional income and foreign markets would need to plant thousands of hectares with such plants to earn profit from the biofuel business.

Market Mantra: Australian shares record worse week in more than a year but why?

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24 January 2022 2:43 PM

Australia Market Down; Image Source: @CANVA

The Australian market wrapped up its worst week in more than a year, hurt by lingering concerns over US Federal Reserve tightening and weaker than expected economic data from China.

Led down by miners with Whitehaven Coal slumping after cutting its forecast for 2022 and Rio Tinto falling after Serbia revoked its lithium exploration licences the ASX 200 declined 3% last week, recording its biggest weekly fall since October 2020.

The loss in ASX was much bigger than the US market slump which saw the Dow Jones lose 0.95%, S&P 500 shedding 1.1% and Nasdaq 100 dropping 1.3% for the week.

Shares of Rio, BHP and Fortescue all lost heavily for the week with Serbia cancelling Rio Tinto’s exploration licences on environmental grounds, whereas investors in Sydney and London approved plans to scrap BHP’s dual listing on Thursday.

Western Australia cancelling plans to reopen its border on 05 February due to risks from Omicron CoVid19 variant also weighed on miners resulting in them plunging 3.8% for the week, their first weekly decline after eight straight weeks of gain.

Energy stocks which were rose for most of last week also saw heavy selling on Friday, losing 3% in their worst session since 20 December, thus giving up all gains it made during the rest of the week.

As we mentioned before the tech stocks continued to get sold heavily this week with Buy Now Pay Later stocks leading to the losses. Afterpay wrapped up its final day of trading on Wednesday, before becoming Block on Thursday. Pay-day lending outfit Before also made its debut on ASX last week, however, its stock price plummeted by more than 44% of its initial offer price on the first day itself.

With most central banks across the globe looking at interest rate hikes to counter rising inflation, the Australian investors will be waiting anxiously for next week’s RBA meeting. The meeting will be important to assess the central bank’s views on inflation.

Before that, however, this week the December quarter numbers to be released on Wednesday, a day when markets are closed due to the Australia Day holiday, will be crucial.

With most analysts tipping CPI to increase due to higher prices for food, petrol and clothing it would be important to note if it stays between the RBA comfort range of 2% to 3%. While most analysts expect the CPI to stay at about 2.5% we expect it to likely be lifted to 3.2% due to rising costs.

Overseas the US Federal Reserve meeting on Tuesday and Wednesday and US inflation numbers n Thursday are the big things to watch for.

Gold gained for a second consecutive week as rising inflation and geopolitical risks lifted its safe-haven appeal.

With the market focus now strongly on the US Federal Reserve meeting on 25 and 26 January, there was a very clear flight to safety towards gold from a lot of traders.

Gold bulls also benefited as investors sought cover from worries about a possible extension of US sanctions or new EU measures if Russia attacks Ukraine.

With gold looking bullish in the short term we are of the view that the upside momentum of gold could be hard to maintain due to an expected interest rate rise in the US. A rate hike usually reduces the appeal of holding a non-interest bearing bullion.

Suki Cooper, an analyst from Standard Chartered Bank have forecasted yellow metal’s price to average around $1783 per ounce in 2022.

Oil prices climbed for a fifth week in a row on continued signs of robust demand and strained crude supplies.

On Wednesday, oil prices hit a new seven-year high before giving away some of the gains on Thursday and Friday. The two days of declines however were still not enough to stop oil from recording a gain of 1.6% for the week as geopolitical tensions threatened greater supply shortages.

With oil prices continuing to rise most analysts are growing steadily more bullish. Morgan Stanley has now joined Goldman Sachs Group in forecasting oil to hit $100 per barrel later this year, whereas Bank of America has reiterated that it expects oil to hit $120 a barrel by American summer.

With many of man oil futures contracts now trading into an overbought category on a technical basis, however, Citigroup Inc. cautioned that sticking to a bullish view on the black gold could be dangerous after this quarter.

Oil’s rally has also caught the eye of the White House as it poses a political risk for US President Joe Biden. The US is considering accelerating the release of strategic reserves to control oil prices. With OPEC+ nations however refusing to increase oil output most of the options for President Biden to address the oil rally would be limited and most likely short-lived.

With the market becoming increasingly concerned about slowing economic progress in a rising inflation scenario, or stagflation the Australian Dollar had a roller-coaster of a week.

The local currency gained initially to peak at 0.7276 on Thursday encouraged by some positive Australian economic data.

However, with risk sentiment turning sour the Aussie turned around to close the week unchanged just below 0.7200. The Australian currency however gained against other major currencies such as the British Pound and Euro.

While Australian data did help Australia record a positive week against most major currencies we strongly believe that Australian data released these days hides the fact that the country is going towards stagflation as well.

Australia has only just started reopening after spending most of 2021 in lockdowns. As such that is why the numbers show a boom with record jobs created in November and the unemployment rate contracting to 4.2% from 4.5%.

The numbers however miss the fact that Australia took longer than most other nations to put the machine back in motion and as such, it is yet to be seen if the country will be able to sustain decent job creation and inflation within decent levels.

The Indian Rupee, on the other hand, had another week of decline as rising oil prices along with FIIs fund outflows from the equity markets further weigh down the Indian currency.

While rising crude and trade deficit has been keeping the Rupee under pressure, it is expected that an interest rate hike in the US can potentially drive away more FII money from India thus making Indian currency lose further ground in the near future.

2022 has gotten off to a rotten start for a lot of investors, especially crypto traders and even a short trading week in the US, with markets closed on Monday in observance of Martin Luther King Jr. day could save both stocks and crypto from falling.

Bitcoin plummeted by more than 11% last week while Ethereum dropped 17% for the week. Soaring coronavirus cases across the globe, disappointing economic data and Fed taper fears all can be blamed for the recent bearish turn.

Regulators in the UK, Spain and Singapore also suggested toughening the rules on crypto-asset promotion to inexperienced investors while the Russian Central Bank proposed a complete ban on cryptocurrencies as Bitcoin fell below $38,000 for the first time in six months.

Other coins were also in red with Ether falling below $3000 and Solana, Binance Coin and Cardano also slumping as investors offloaded risky bets in a volatile week.

Bitcoin prices are now down more than 40% from their peak in November 2021, with rumours of a crypto mining ban in Russia, the effects of the tapering program and ongoing regulatory concerns in certain nations adding further pressure.

Having said that, increased use of Bitcoin and adoption in emerging and high inflation economies provide support to digital currencies and create a confusing market picture with no direction or strong momentum in either direction.

In Agricultural products, soybean gained 3% for the week, corn rallied by 2% whereas wheat was up by more than 5% on hopes of strong demand.

Author: Ateev Dang is a trader and trading coach by profession. He runs his own business called Glow trades Pty Ltd where he teaches anyone who is interested in starting their trading journey how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

Australia wide Novavax vaccine roll-out starts on February 21, Here’ how to book

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24 January 2022 1:53 PM

Australians aged 18+ will now have access to a fourth COVID-19 vaccine, Nuvaxovid (Novavax) in the coming weeks after the Australian Government accepted advice from the Australian Technical Advisory Group on Immunisation (ATAGI).

The recommendations from ATAGI follow Australia’s medicines regulator, the Therapeutic Goods Administration (TGA), provisionally approving the Novavax vaccine in Australia.

ATAGI has recommended the Novavax vaccine be given in two doses, at least three weeks apart.

Australia has purchased 51 million doses of the Novavax COVID-19 vaccine. Samples of the Novavax vaccines are set to arrive in Australia in early February to enable TGA batch testing.

Subject to successful TGA batch testing, the Novavax vaccine will be available to be administered from the week of 21 February 2022.

“Australians will be able to access a Novavax vaccine through general practices, community pharmacies, Aboriginal Community Controlled Health Services, Commonwealth vaccination centres, and state and territory clinics.”

All primary care vaccine providers, who are currently participating in the vaccine rollout have already received an expression of interest to administer Novavax.

The vaccine is only approved by the TGA for use in a primary course of vaccination. Studies for its use as a booster dose and in paediatric patients are ongoing.
The vaccine does not have regulatory approval for these purposes at this stage.

ATAGI recommends the Novavax vaccine can be administered to pregnant and breastfeeding women.

It also advises the vaccine can be used for people who are severely immunocompromised and who are recommended to receive three doses for their primary course of vaccination.

ATAGI has noted the vaccine has been demonstrated to be highly effective in preventing symptomatic COVID-19 in adults.

Novavax is the fourth COVID-19 vaccine to be approved for use in Australia after Vaxzevria (AstraZeneca), Spikevax (Moderna), and Comirnaty (Pfizer).

Australia is one of the most vaccinated countries in the world against COVID-19, with more than 48 million COVID-19 vaccines administered across the country and over 95% of Australians 16+ having received the first dose.

If you are due for your first, second or booster shot, or have kids aged 5+ book a COVID-19 vaccine today.
Find a vaccine clinic

Priyanka Chopra, Nick Jonas welcome a baby via surrogacy

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22 January 2022 11:14 AM

Priyanka Chopra and Nick Jonas; Image Source: Instagram

Actor Priyanka Chopra and her husband Nick Jonas have welcomed a baby via surrogacy.

On Saturday, the couple took to their respective Instagram accounts to share the good news with their fans and followers.

“We are overjoyed to confirm that we have welcomed a baby via surrogate. We respectfully ask for privacy during this special time as we focus on our family. Thank you so much,” Priyanka and Nick posted.

View this post on Instagram

A post shared by Priyanka (@priyankachopra)

However, the couple has not revealed the baby’s gender yet.
Soon after the couple announced the news of becoming parents, social media users showered them with good wishes.

“Congratulations,” actor Lara Dutta Bhupathi commented.

“Omg. This is so special…big big congratulations. The best news,” producer Guneet Monga wrote.

Priyanka and Nick tied the knot in December 2018 after dating for a while.

Indian family frozen to death attempting to illegally cross US-Canada border

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22 January 2022 9:48 AM

border-deaths — Image source: US-Canada border.

Four individuals believed to be Indian nationals have been found frozen to death at the U.S. border in Canada.

The Royal Canadian Mounted Police (RCMP) found the deceased, – a man, woman, teenager and baby, in a field near Emerson, Manitoba, on Wednesday.

RCMP Assistant Commissioner Jane MacLatchy told media:

“I know that what I am about to share is going to be difficult for many people to hear. It is an absolute and heartbreaking tragedy.”

Ms MacLatchy said that these individuals were victims.

“[They were] left on their own, in the middle of a blizzard when the weather hovered around minus 35 C , factoring [in] the wind.”

India’s External Affairs Minister S. Jaishankar tweeted his shock.

“Shocked by the report that 4 Indian nationals, including an infant have lost their lives at the Canada-US border. Have asked our Ambassadors in the US and Canada to urgently respond to the situation.”

Shocked by the report that 4 Indian nationals, including an infant have lost their lives at the Canada-US border. Have asked our Ambassadors in the US and Canada to urgently respond to the situation.
— Dr. S. Jaishankar (@DrSJaishankar) January 21, 2022

A Indian consular team was travelling to Minnesota on Friday to assist in the matter.

India’s Ambassador to the U.S., Taranjit Singh Sandhu said on Twitter in reference to Mr Jaishankar’s tweet.

An unfortunate and tragic incident. We are in touch with US authorities on their ongoing investigation. A consular team from @IndiainChicago is travelling today to Minnesota to coordinate and provide any assistance required https://t.co/syyA59EoB2
— Taranjit Singh Sandhu (@SandhuTaranjitS) January 21, 2022

Another team of Indian officials was on its way to Manitoba, India’s Ambassador to Canada, Ajay Bisaria said on Twitter.

This is a grave tragedy. An Indian consular team is travelling today from @IndiainToronto to Manitoba to coordinate and help. We will work with Canadian authorities to investigate these disturbing events. @HCI_Ottawa https://t.co/qGM2ZTlPsx
— Ajay Bisaria (@Ajaybis) January 21, 2022

In a news conference, Canada’s Prime Minister Justin Trudeau said that his government was working with the United States to prevent people from taking such unacceptable risks.

Mr. Trudeau said that human traffickers had taken advantage of a family’s desire to seek a better life.

“This is why we are doing all we can to discourage people from crossing the border in an irregular or illicit manner.”

While one American citizen has been arrested in connection with the case, seven other Indians were detained by police in the U.S.

The U.S. Department of Justice charged a 47 year old Florida man, Steve Shand, with human smuggling.

Mr Shand, who was driving a 15-passenger van, had been arrested just south of the U.S.-Canada border on Wednesday as per the U.S. Attorney’s office.

A U.S. Customs and Border Protection (CBP) statement said:

“… Agents encountered five additional people walking on a nearby road experiencing severe signs of hypothermia and frostbite due to exposure to the extreme cold and wind chill. Agents immediately rendered aid, called for Emergency Medical Services and began transporting two of the individuals to an area hospital.”

Amongst the five detained, one person had a backpack that belonged to fellow traveller who had been separated from him.

As per official statement, this bag contained children’s clothes and medicines, a diaper and some toys.

Two of the surviving Indians were taken to the hospital.

A man was discharged and is now back in the custody of U.S. authorities while a woman has been shifted to a hospital in St Paul, Minnesota for advanced care.

Ms MacLatchy urged people not to try the crossing:

“I do understand that for some there may be a great need to get to another country, but this is not the way. You will be risking your life and the lives of the people you care about if you try it.”

Officials are investigating a possible human smuggling operation.

ICC T20 WC 2022: India-Pakistan face off at MCG on Oct 23, Here’ link to buy tickets

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21 January 2022 4:51 PM

Excitement is building for the ICC Men’s T20 World Cup 2022, following the announcement of the fixtures for the October 16 – November 13 event.

The Men in Blue will be locking horns with Pakistan in their first match of the tournament on October 23 at the Melbourne Cricket Ground.

The world’s best cricketers from 16 international teams will clash in 45 matches as the pinnacle global event in men’s T20 cricket comes to Australia for the first time.

Matches will be played across Adelaide, Brisbane, Geelong, Hobart, Melbourne, Perth and Sydney, giving fans around the country the chance to see the biggest global sporting event coming to Australia in 2022.

Full fixture and links to register for tickets live now at T20WorldCup.com
2014 Champions Sri Lanka to play the opening match of ICC Men’s T20 World Cup 2022 against Namibia in Geelong.
Australia to start title defence in opening match of the Super 12 against New Zealand at the SCG in a re-match of 2021 Final.
Two of world cricket’s biggest rivals, India and Pakistan, will face each other in a World Cup match at the MCG for the first time.
Like the Women’s event in 2020, the Men’s Final will be played under lights at the MCG, on Sunday 13 November 2022.

In the First Round, 2014 champions Sri Lanka and Namibia will play the opening match of the ICC Men’s T20 World Cup 2022 at Kardinia Park, Geelong on Sunday 16 October. They’ll be joined by two qualifiers in Group A.

Two-time champions West Indies will also start in the First Round, joined in Group B by Scotland and two qualifiers in Hobart.

In the Super 12, hosts Australia is in Group 1 with world number one England, New Zealand, Afghanistan, plus the winner of Group A and the runner-up in Group B from the First Round. Group 2 features India, Pakistan, South Africa, Bangladesh, plus the winner of Group B and runner-up in Group A from the First Round.

Hosts and defending champions, Australia will play New Zealand in the opening match of the Super 12 at the SCG on Saturday 22 October in a re-match of the ICC Men’s T20 World Cup 2021 Final.

ADELAIDE, AUSTRALIA – JANUARY 20: 2022 ICC Men’s Cricket World Cup projection on the Adelaide Town on January 20, 2022 in Adelaide, Australia. (Photo by Kelly Barnes/Getty Images for T20 World Cup)

The Black Caps will also face England at The Gabba on 1 November in a re-match of their epic semi-final encounter at the 2021 event.

Two of world cricket’s biggest rivals will go head-to-head at the MCG, with India taking on Pakistan on Sunday 23 October. It will be the first World Cup clash between the two nations at the MCG and comes before two more fierce rivals, Australia and England, meets at the venue on Friday 28 October.

The state-of-the-art Perth Stadium will host a huge Sunday double-header on Sunday 30 October with South Africa taking on India in the evening match. Earlier in the day, Pakistan will be in action against the runners-up from Group A.

PERTH, AUSTRALIA – JANUARY 20: Light projections are displayed on the Bell Tower ahead of the 2022 Men’s Cricket World Cup on January 20, 2022 in Perth, Australia. (Photo by Paul Kane/Getty Images for T20 World Cup)

The semi-finals will be played at the SCG and Adelaide Oval on 9 and 10 November, respectively. It will be the first time the Adelaide Oval will host a World Cup semi-final.

The MCG will host the ICC Men’s T20 World Cup 2022 Final, which will be contested under lights on 13 November 2022.

Full fixtures and ticketing information are available at t20worldcup.com.

Fans must register prior to 31 January to get the best chance of securing their seats, before tickets go on sale to the public on 7 February.

Ticket pricing remains the same as the postponed 2020 event with children’s tickets available for every First Round and Super 12 match from $5, and adult tickets available at select matches in each host city from $20.

SYDNEY, AUSTRALIA – JANUARY 20: Light projections are displayed on The Sydney Harbour Bridge ahead of the 2022 Men’s Cricket World Cup on January 20, 2022 in Sydney, Australia. (Photo by Brendon Thorne/Getty Images for T20 World Cup)

International Cricket Council CEO Geoff Allardice said: ““T20 is the global growth format for cricket and the ICC T20 World Cup 2022 will play a huge role in inspiring our next generation of players and fans as the world’s best players descend on Australia and showcase the very best of our sport. The release of fixtures is always a great moment in the delivery of a World Cup as fans start to get excited about opening games, head to heads and knock-out stages.

“This schedule offers so much, from the 2014 Champions Sri Lanka opening the event, to our defending champions Australia starting with a rematch of the 2021 Men’s T20 World Cup Final against New Zealand and of course India taking on Pakistan at the MCG. We know that hundreds of thousands of passionate cricket fans will turn out to support every single one of the 16 teams across all seven of our host cities which is what makes it so special for the players. You only need to cast your mind back to the brilliant ICC Women’s T20 World Cup 2020 in Australia to know that this is going to be a wonderful event for players and fans alike.”

ICC T20 World Cup Local Organising Committee CEO, Michelle Enright said; “The release of the fixtures gives fans the opportunity to start planning their T20 World Cup experience, which is now just 268 days away.”

“By having matches spread across the nation in seven host cities and making tickets accessibly priced, we are hoping as many people as possible will be able to experience the incredible atmosphere that international fans bring to global sporting events, as well as the unique, fast-paced and unpredictable nature of T20 cricket.”

“World Cups are about bringing people from all backgrounds and cultures together and we hope to safely host over 800,000 fans at Australia’s iconic cricket venues later this year.”

BRISBANE, AUSTRALIA – JANUARY 20: Light projections are displayed on a city building ahead of the 2022 Men’s Cricket World Cup on January 20, 2022 in Brisbane, Australia. (Photo by Bradley Kanaris/Getty Images for T20 World Cup)

FIXTURE HIGHLIGHTS

Adelaide will see 10 different teams play Super 12 matches in a festival of cricket with India to feature on the first night at Adelaide Oval against Bangladesh on 2 November. Australia will be in action on a Friday night against local Adelaide favourite Rashid Khan and Afghanistan on 4 November.
Brisbane will host four Super 12 matches with Australia, England and New Zealand to feature on consecutive nights on October 31 and November 1 respectively.
2014 champions Sri Lanka will feature in the opening match of the event against Namibia at Kardinia Park, Geelong on 16 October 2022 in the First Round.
Hobart will see the power-hitters of West Indies play three First Round matches at Bellerive Oval, starting on 17 October 2022. Hobart will also host three Super 12 fixtures.
The state-of-the-art Perth Stadium will host five Super 12 matches with defending champions Australia to play a night match against the winners of Group A on 25 October. Perth Stadium will also be lit up on the opening night of the Super 12 with world number one England taking on Afghanistan.
On Thursday, 3 November, Pakistan takes on South Africa in a showcase of the fastest bowlers in the world in a night match at the SCG, with the likes of Shaheen Afridi, Haris Rauf, Kagiso Rabada and Anrich Nortje on display.

India extends international flights ban till 28 February, Find out if Australia is affected

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21 January 2022 10:13 AM

Amid rising concerns over the Omicron variant of COVID-19, India’s Directorate General of Civil Aviation (DGCA) extended the ban on commercial international passenger flights till February 28.

A circular issued by DGCA said, that the competent authority has decided to extend the suspension of Scheduled International commercial passenger services to/from India till 23.59 hrs IST of February 28, 2022.

It further reads this restriction shall not apply to international all-cargo operations and flights specifically approved by DGCA.

However, flights under air bubble arrangement will not be affected.
India has a travel bubble arrangement with Australia. All commercial flights under this arrangement are exempted from this travel ban.

No more 72-Hour isolation requirement for International arrivals in NSW And Victoria from 21 December; Picture Source: @Qantas

All concerned authorities have been asked to acknowledge the receipt and ensure strict compliance.

Due to the coronavirus pandemic, international passenger services have been suspended in India since March 23, 2020.

Earlier, on December 9, DGCA had extended the ban till January 31.

“The police will catch you”: 42,000 Rapid Antigen Tests stolen in Sydney

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20 January 2022 1:51 PM

Rapid Antigen test kits; Image Source: @CANVA

New South Wales (NSW) Police were called after man walked into the freight depot in Mascot and “took possession” of the COVID-19 tests worth more than $500,000.

At present, Australia continues to grapple with a shortage of Rapid Antigen Tests (RAT).

People have reported price gouging which has been called “beyond outrageous” by the Australian Competition and Consumer Commission (ACCC).

Image source: Rod Sims, the Chair of the ACCC.

Rod Sims, the Chair of the ACCC, told media that the agency has received reports of RATs costing up to $500 for two tests through online marketplaces.

He added that it is costing more than $70 per test through convenience stores, service stations and independent supermarkets.

Despite wholesale RAT costs being up to $11.45 a test, ACCC says prices for the kits are often retailing between $20-$30.

A police spokesperson told media that the incident happened on Tuesday afternoon:

“The incident was reported to police and inquiries are continuing.”

Image source: NSW Premier Dominic Perrottet – Twitter.

NSW Premier Dominic Perrottet has now warned the perpetrator.

“At a time when everyone across our state has made incredible efforts in keeping people safe, in making sacrifices, what a disgraceful act. The police will catch you.”

Discriminatory Rule: Sikh medical students forced to shave in order to pass the face mask fit test or defer the year in Victoria

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20 January 2022 9:07 AM

Image source: Elastic rubber band beard cover worn over turban and head cloth. "Under-mask beard cover (Singh Thattha technique) for donning respirator masks in COVID-19 patient care" 2020.

A medical student Mr Singh (He doesn’t want to be identified), based in Melbourne recently took to Twitter to raise an important issue regarding the use of Tight-fitting respirator face masks.

Tight-fitting respirator face masks such as N95 or filtering facepiece (FFP3) masks are essential respiratory protective equipment during aerosol-generating procedures in the coronavirus disease 2019 (COVID-19) environment.

We have removed Mr Singh’s tweet as per his request.

According to Emma Andollie, an Occupational Health and Safety nurse, international standards, Australian standards and respirator manufacturers all require people to be clean-shaven when wearing a respirator.

As the function of a close-fitting respirator relies on an effective seal to the skin there should be no foreign substance or facial hair between mask and skin when testing.

International standards, Australian standards and respirator Manufacturers all required people to be clean shaven when wearing a respirator as the function of a close fitting respirator relies on an effective seal to the skin. Studies back this up. It is for your protection 1/
— WE can stop it! Covid is an OHS issue 😷💉💉💉 (@emmaandollie) January 19, 2022

However, Prof Brett Sutton who is the Victorian Chief Health Officer responding to his query clarified that “There are no pandemic orders that require you to shave or cut your beard to wear a mask.”

The rule is very clear that a medical practitioner “must meet OH&S requirements but religious exemptions also apply.”

Dear Bivek. Really sorry to hear this. There are no pandemic orders that require you to shave or cut your beard to wear a mask. You must meet OH&S requirements but religious exemptions also apply. Please see website in my CHO account and email as needed.
— Chief Health Officer, Victoria (@VictorianCHO) January 19, 2022

Individuals unable to shave due to personal or religious reasons such as Sikhs are often recommended to use alternatives such as powered air-purifying respirators (PAPRs).

Nitin Arora, Digital Editor of JICS, and Dr Christian Karcher, University of Melbourne, also pointed to the “use the Drager 8000 PAPR hood” and “3M Versaflo systems” by bearded medical practitioners.

Such types of equipment are also being used by some Sikh medical practitioners in the UK during the pandemic.

However, researchers note that such “alternatives are expensive, limited in supply, and cumbersome to use.”

I have at least a dozen Sikh colleagues who use the Drager 8000 PAPR hood

One is a senior consultant who bought his own

Everyone else has a hospital supplied one.
— Nitin Arora (@aroradrn) January 19, 2022

He is confident that as a medical student during such unprecedented times he has a “reasonable, safe, evidence-based solution, and there is space for equal opportunity to be upheld.”

Researchers of a scientific study conducted in 2020 note that there is “no evidence in the literature to suggest why, instead of shaving, the facial hair-factor cannot be overcome with an under-mask beard cover.”

Image source: Elastic rubber band beard cover worn over turban and head cloth. “Under-mask beard cover (*Singh Thattha* technique) for donning respirator masks in COVID-19 patient care” 2020.

*Image source: FFP3 and Stealth face masks donned with the beard undercover in place. “Under-mask beard cover (Singh Thattha technique) for donning respirator masks in COVID-19 patient care” 2020.*

They add that using the Singh Thattha technique obtains a pass rate of 25/27 (92.6%) by qualitative and 5/5 (100%) by quantitative fit test in full-bearded individuals.

The authors of this study also note that “for individuals for whom shaving is not possible, the Singh Thattha technique could offer an effective solution to safely don respirator masks.”

3M Versaflo systems; Image source: 3M Versaflo systems - Twitter. — Image: 3M Versaflo systems; Image source: 3M Versaflo systems – Twitter.

Now, the question is does Mr Singh’s predicament sound like religious discrimination or an essential feature that saves the medical practitioner from harm?

As similar stories have come forward from Queensland where male Sikh nursing students are finding it hard to gain placement unless they either cut beard for clean shaven look or defer for next year.

Image source: Facebook group post screenshot.

International students and backpackers will get $630 visa rebate, Here’ details

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19 January 2022 2:10 PM

International Students; Image Source: @CANVA

PM Scott Morrison announced his government will rebate visa application fees for international students and backpackers who come to Australia and help ease the workforce shortage.

Prime Minister Scott Morrison said this $630 fee rebate for international students would be covered for the next eight weeks.

He said there are 150,000 international students and 23,500 backpackers with visas and his message were clear – “come on down”.

“We want you to come to Australia and enjoy a holiday here … move all the way around the country,”
Mr Morrison said.

“We’ve relaxed the 20-hour rule when it comes to student visas and that they can be working more than 20 hours. I want to stress, though, when it comes to working holidaymakers, that we haven’t changed any of the rules around the regional requirements. That’s very important because we still need people working in those regional areas.”

“At the same time, join our workforce and help us in our agricultural sector, in our hospitality sector, and so many of the other parts of the economy that rely on that labour.”

“For backpackers, it will be 12 weeks, 12 weeks from today. If they turn up within the next 12 weeks, they will get their visa application fee rebated by the Department of Home Affairs. Anyone who applies for one and turns up within the next 12 weeks, will also have their visa application fee rebated.”

Regarding international students, Mr Morrison said he was encouraging them to be back for the start of the university year as a “thank you for choosing Australia”.

“But we also want them to come here and to be filling some of these critical workforce shortages, particularly those who are working and being trained in health care, aged care, those types of sectors, that will be incredibly helpful,” he said.

The government will also give $3 million to Tourism Australia for a marketing campaign targeting backpackers and students.

NSW and Victoria cuts booster interval to three months

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19 January 2022 1:32 PM

COVID Vaccination Centre; Image Source: @CANVA

NSW and Victoria’s residents can now get their COVID-19 booster shot sooner, with both the governments shortening the interval from the second dose down to three months at state hubs.

Victoria recorded 20,769 new COVID-19 cases and 18 deaths on Wednesday, 10,726 from PCR tests and 10,043 from rapid antigen tests.

Victoria’s Premier Daniel Andrews said public health teams recommended the wait time between COVID-19 second dose and booster be reduced from four months to three “effective immediately”.

“The total number of people eligible increases substantially by two million Victorians and it will help us get more people third-dose boosted quicker than would otherwise be the case,”
explained Mr Andrews.

Meanwhile, 20 Australian Defence Force personnel will arrive in Victoria on Thursday, to help with driving ambulances and freeing up paramedics.

Prime Minister Scott Morrison announced the extra support on Wednesday after Mr Andrews requested assistance.

There are also 12 Australian Public Service workers helping Victorian authorities to take triple zero calls, due to rising demand.

It comes as a “code brown” declaration for Victoria’s hospital system that came into effect at midday on Wednesday.

There are 1173 Victorians in hospital with COVID-19, an increase of 21 on Tuesday’s figures, of which 125 are in ICU and 42 on ventilation.

Walk-up vaccinations will be available and are encouraged at a number of state-run centres, including:

• Royal Exhibition Building (walk-up access available 8:00am to 8:00pm daily during the blitz)

• Latrobe University Bundoora (walk-up 8:00am to 8:00pm)

• Sandown Racecourse (walk-up 9:00am to 6:30pm Saturday and Sunday)

• Dandenong Plaza (walk-up 9:00am to 5:00pm Saturday and Sunday)

• Frankston’s Bayside Centre (walk-up 9:30am to 5pm Saturday and Sunday)

• Sunshine Hospital (walk-up 8:00am to 8:00pm)

• Bendigo Vaccination Hub (walk-up 9:00am to 8:00pm)

• Ballarat Mercure (walk-up 8:30am to 3:00pm Sunday)

Authorities are expecting hospital admissions from the current Omicron wave to skyrocket in the coming weeks, prompting the code brown alert to ensure hospitals can postpone or defer less urgent care.

New South Wales

The four-month interval was to drop to three months on January 31, in line with federal government rules for GPs and pharmacies.

Premier Dominic Perrottet said, “As we are clearly seeing boosters are key to keeping yourself, your friends and your family safe.”

The state’s clinics can provide 250,000 shots a week but delivered about 180,000 last week.

“It’s awful for us to see our bookings in our clinics go begging,” NSW Health Deputy Secretary Susan Pearce said.

Triple-dosed adults now sit at 27.8 per cent, despite more than half of adults being eligible.

Some 300,000 people are currently isolating with COVID-19, while another 550,000 have been infected in the past four weeks.

Adults can proceed with their booster schedule four to six weeks after being infected with COVID-19, Chief Health Officer Kerry Chant said.

Vaccine body ATAGI is currently working through official guidance.

It comes as the deaths of 20 men and 12 women were reported on Wednesday, including three aged in their 40s and 18 people aged over 80.

One in four deaths were of unvaccinated people, while only five people had had a booster.

“No matter where you are in NSW or indeed Australia, you are vulnerable,” Health Minister Brad Hazzard said.

The number of COVID-19 hospital patients rose 13 to 2863, with ICU numbers up eight to 217.

The health minister said half of those in ICU were unvaccinated.

Unvaccinated people make up only five per cent of the NSW adult population, and 18 per cent of the total population.

Infections appear to have stabilised, with 32,297 new cases including 12,450 from rapid antigen tests.

It’s the fourth straight day under 35,000.

The NSW Labor opposition wants schools turned into vaccination hubs, a plan to ensure schools remain operational when teachers get sick, and advice for families in multiple languages.

NSW and Victoria are due to present a united schooling plan to the national cabinet on Thursday.

Swift Horses Sharp Swords: A story of valour, ruthless conspiracies and epic catastrophes

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19 January 2022 12:17 PM

“Swift Horses Sharp swords: Medieval battles which shook India” by Amit Agarwal; Image Source: Supplied

By Amit Agarwal:

It gives me immense pleasure to state that my book on Indian medieval history titled “Swift Horses Sharp swords: Medieval battles which shook India” has been received well in the market.

Though the book tells the story of the roots and trail of the invasions into India in the early medieval era starting from the 8^th century till the 14^th century, it starts with the Indus Valley civilization of ancient India and discusses the glory and progressiveness of the Hindu civilization.

The book, thus, can be loosely divided into three discrete parts. The first part has chapters on the rise of Hinduism and Buddhism and how India had tremendous influence over the Silk Road and South-East Asia. A full chapter was devoted to the history of holy Swastika. This section is included to show the meteoric rise of India in ancient times and create a striking contrast to show the decline and savagery in the medieval era.

Second section deals with the Arabic and Turkish invaders from the 7^th century till the 12^th century and why Indian kings and warriors were defeated. It begins with the first Islamic conquest by Arabs and ends with Mohammed Ghori’s invasion, resulting in the establishment of the Delhi Sultanate which remained in power for four centuries.

The underlying factors and conditions of the crushing defeats are examined in detail. The crucial mistake which the Hindu kings committed was not to have a forward policy under which they would have taken battles to the enemy’s lands, across the Khyber Pass. Instead, they kept on allowing the invaders to come to the Indian plains of Punjab and Sindh where the Turkish cavalry had the maximum efficiency.

Otherwise, there was no dearth of individual bravery on the part of Indian warriors and there is hardly an instance where a Hindu king fled from the battlefield. They continued to display great heroism and posed resolute resistance. The strategy and tactics on the battlefield remain our Achilles’ heel, even to this day. The book also has a full-fledged chapter on Kashmir which tells its complete but abridged hair-raising history.

The third part primarily deals with the overall analysis and interesting anecdotes. One chapter delineates the penchant of the invaders to create pyramids of human heads with horrific details. Another chapter dealt with how geometric mean came to be used to count the number of dead. It also examines the use of horses and elephants on the battlefield.

Elephants, especially, were costly to maintain and often proved to be a liability on the battlefield. Still, they remained the status symbol of the Indian kings and even in the 16^th century, Vijayanagara kings employed them in the battle of Tallikota, much to the delight of Islamic sultans.

Even though India was the richest country of that era, it somehow failed to invest in military technology. It draws a significant lesson here that weakness in defence would outdo all the progress in arts, architecture and business.

A lesson that even today holds true. On the other hand, Turks, despite being poor, remained invested in new technology and invented sturdy Chainmail armour, solid tree saddle and metallic stirrup. They were the first ones in the world to use packaged dried meat that just had to be boiled and added with salt and it was ready to eat. Turks could even fire 6 arrows per minute accurately while on the galloping horse. Their horses were sturdy and the best in the world who could cover 100 km per day which enabled them to come from Ghazni in Afghanistan to Panipat in Northern India in just 10 days. They had just one rule that there was no rule on the battlefield or outside. They employed every trick in the book to win at any cost.

The book has an epic sweep of the horrific events, which changed the trajectory of the history of India forever, and introduced it to a strange alien religion whose brutality the country had never experienced before.

It also deals with the certain weaknesses of Hindu society and pin-points “Dharmayudda” and “Caste system” as the other major reasons for the defeat at the hands of the invaders. It also has some unique topics like temple economy, ethnic fractionalisation and Buddhist connections to the Silk Road.

The book contains the stories of the unsung heroes like Bappa Rawal, Jaipal, Suheldev, Pulkeshin and Nayaka Devi among others who won the day at critical moments and stopped a complete annihilation of Bharat; and sadly, about whom very few know.

There are sad tales of how, over the years, Hindus have been conditioned to revere the brutal Islamic warriors as great Sufis, saints, and secular Kings, despite them killing and raping millions of Hindus because of their fanaticism and intolerance. I have been particularly honest to not shy away from the brutality that was unleashed during the invaders’ rule in medieval India.

I have also brought interesting anecdotes, ruthless conspiracies and epic catastrophes of the era while presenting not just a linear view of history but an integrated look with sociological and strategic observations. I incorporated an engaging style, crisp and sharp walking through the history and relating the historical events with contemporary knowledge of game theory, chaos and scatter/randomness, without compromising on the historical accuracy.

The content is from authentic sources, narrated seamlessly to keep the readers’ interest alive till the very end. Numerous illustrations, whether they be maps, data and charts, were also included to give it a well-defined look.

This is a history book with a difference to tell what went wrong with Indian warriors to lose battle after battle for centuries and what were the strengths due to which we escaped being annihilated. What important lessons can be drawn which are still relevant?

It is well known that in the last two millennia, 46 out of 48 thriving civilizations like Egyptian, Persian, Greek and Roman bit the dust due to rampant invasions. Ours is one of the remaining two, yet still not immune to incessant pressures to undermine it. The book is hence a sincere attempt to reclaim our rich civilization, lest we end up in the museums.

The book has garnered 92 verified reviews on Amazon with healthy 4.4 ratings. The book is available on Amazon at the following link:

I sincerely request everyone to give the book a good look and a gentle read.

8 must-have items if you test positive for COVID-19

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19 January 2022 9:56 AM

With the rapid surge in Omicron cases, Australians should be prepared in case they test positive for COVID-19.

If you have symptoms you should visit your nearest testing clinic as soon as possible.

Many people who contract COVID will experience mild symptoms and feel better in 3-4 days. While a small portion of people may feel quite unwell for 7-14 days.

Here’s a list of severe symptoms that need urgent medical attention:

difficulty breathing
an oxygen level of less than 92% when tested with a pulse oximeter
blue lips or face
pain or pressure in the chest
cold and clammy, or pale and mottled, skin
fainting or collapsing
being confused
becoming difficult to wake up
little or no urine output
coughing up blood.

If you have no symptoms you should take a rapid antigen test at home.

If you test positive for COVID-19 you must immediately isolate and make a list of close contacts.

Someone is a close contact if they:

live in the same house as someone who tests positive
spent 4 hours or longer with someone in a home, or health or aged care environment
are determined as one by your state or territory health department.

Isolation means staying at home.

Do not attend work or school, visit public areas, or travel on public transport, in taxis or ride-share services.
You should stay separated from other people in your house. Stay in a separate, well-ventilated room away from other people.
If you have an appointment you cannot miss – such as a visit to a doctor, family violence service or police – you must tell them that you have COVID-19.

While in isolation, try to get plenty of rest, drink lots of water and eat well.

Here is a list of items to include in your COVID-19 ready kit:

paracetamol or ibuprofen
electrolyte powder or solution
disposable gloves for handling dishes may provide an extra layer of protection
tissues
masks
cleaning products
Rapid Antigen Kits‍
a list of key helplines and resources – such as the National Coronavirus Helpline on 1800 020 080, mental health services, and your states or territory’s helplines.

According to the Australian government, being fully vaccinated against COVID-19 reduces your risk of severe illness, hospitalisation and death.

Learn more at: https://www.health.gov.au/health-alerts/covid-19/testing-positive

New changes about re-entering and further stay for 485 Visa holders announced, Here’ details

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18 January 2022 8:39 PM

Indian Passport and Australian Visa; Image Source: @CANVA

To support the pandemic recovery in critical roles the Australian Government has announced a range of changes for temporary workers and international students.

Temporary Graduate Visa Flexibility

Federal Government will make changes to allow entry of current and former Temporary Graduate (subclass 485) visa holders from 18 February 2022, to allow them to re-enter Australia and apply for a further stay.

Visas will be extended for graduates who were outside of Australia at any time between 1 February 2020 and 14 December 2021, while they held a valid Temporary Graduate visa.

The extension will take effect on 18 February 2022 and visa holders will be notified directly by the Department of Home Affairs of the extension of their visa and may arrive after this occurs, from 18 February onwards.

These changes support the return to Australia of temporary graduates as soon as possible, ahead of further planned changes on 1 July 2022 that will provide a further visa extension option to former graduates.

International Student Arrival Numbers

Minister for Immigration Alex Hawke in a statement reported the arrival of more than 43,000 International Students since the Government announced that fully vaccinated eligible visa holders can enter Australia, including Skilled and Student cohorts, as well as Humanitarian, Working Holiday Maker and certain family visa holders.

There are currently more than 150,000 International Student visa holders overseas who have been supported to continue their Australian studies, and the reopening of our borders to them sends a clear signal that Australia remains a top study destination.

Skilled Regional Provisional Visa Flexibility

Australian Government will extend by 3 years Skilled Regional Provisional (subclass 489, 491 and 494) visas where the visa holder was impacted by COVID-19 international travel restrictions. This will assist around 10,000 skilled regional workers.

This will provide sufficient additional time for all current and former Skilled Regional Provisional visa holders to make travel arrangements to start or resume living and working in regional Australia.

Skilled Workers and Working Holiday Maker Arrival Numbers

Additionally, more than 8,000 Skilled workers have arrived in Australia, and 22,000 Working Holiday Maker visas have been granted since November 2021. Demand for Working Holiday visas has been particularly strong.

Australia has also welcomed around 60,000 family members of Australians visiting since the Government’s announced changes in November 2021.

Did Australia’s life expectancy increase since 2020?

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18 January 2022 4:17 PM

New research from the Australian National University (ANU) has revealed that the collective life expectancy of Australians has increased since the start of the COVID-19 pandemic in 2020.

This study, published in the International Journal of Epidemiology, compares relative life expectancy across countries before and after the onset of the pandemic.

BAPS Temple, attracts hundreds to stop COVID misinformation & get vaccinated in a pop-up clinic; Picture Source: Supplied — BAPS Temple attracts hundreds to stop COVID misinformation & get vaccinated in a pop-up clinic; Picture Source: Supplied

ANU researchers’ study found that the average life expectancy for Australians increased between 2019 and 2020 by 0.7 years for females and males.

According to the researchers, this is the largest increase observed in Australia since the 1990s.

The researchers attributed this rise to Australia’s strict response to COVID-19.

The study’s co-author Prof. Vladimir Canudas-Romo notes:

“During the 1918 Spanish flu, attempts were made to close borders. Yet, once ports opened, the lack of a vaccination meant the virus spread with fatal effects. With modern-day vaccines, Australia has been able to escape this deadly fate.”

The nations with the next highest increases were Denmark and Norway.

Both nations recorded an increase of 0.1 and 0.2 years for females and males respectively.

On the other hand, the USA showed a decrease with the average life expectancy being reduced by -1.7 and -2.2 years for females and males respectively.

Victoria Covid19 Testing site; Picture Source: Twitter Vic Health

Prof. Tim Driscoll, the University of Sydney, told ABC that the findings of the new study were interesting.

However, he added that the findings were not indicative of the broader wellbeing (mental and physical) despite showing that there were some benefits to lockdowns in Australia.

“From what I’ve seen, I don’t think there’s good evidence that that happened, but that doesn’t mean that there haven’t been issues and challenges with the mental health of people who’ve been locked down and isolated.”

The debate raises an ultimate question that is the battle between life expectancy and quality of life during the COVID-19 pandemic.

Hindu Legal Helpline launched to support victims of Domestic Violence, Civil/Criminal disputes and Hinduphobia

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Application for Membership of the Australian Hindu Association.

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18 January 2022 1:12 PM

Australian Hindu Association launches Hindu Legal Helpline; Image Source: Supplied

Australian Hindu community has launched a unique Hindu Legal Helpline to support growing needs of diverse Hindu community migrated from India, Nepal, SriLanka, Bangladesh, Pakistan, Malaysia, Fiji, Thailand, South Africa, Indonesia and other countries.

This helpline comes into reality with a partnership between Opal Legal and the Australian Hindu Association, a newly formed body to educate, advocate and campaign issues related to Hindu community in Australia.

In a widely attended virtual program Principal of Opal Legal, Namrata Singh announced the launch of Hindu Legal Helpline.

Namrata told The Australia Today, “Persons in need of urgent legal advice can now phone the Helpline on its dedicated number, send us a text message or email with their legal questions.”

“We aim to respond to all requests immediately or within a matter of hours,”
explained Ms Namrata.

“I urge AHA members & Hindu organisations to widely publicise this very worthy initiative.”

Namrata said beside domestic violence and family disputes some examples of the situations in which Hindu Australians can seek help are;

1- Being evicted from home
2- Being dismissed from employment
3- Being served with a legal demand (eg, bankruptcy notice)
4- Being arrested by police; Police searching your home
5- Real Estate dispute
6- Custody issues during divorce proceedings
(these are the common issues clients ring lawyers about).

Australian Hindu Association President Amendra Singh told The Australia Today, “We want to provide localised Hindu Legal Helpline in most capital cities and towns which have significant Hindu population.

“We would like to request legal professionals to contact Australian Hindu Association on the given phone number incase they would like to be part of Hindu Legal Helpline on a pro-bono basis,”
said Mr Singh

At the launch program of Australian Hindu Association (AHA) Deputy Lord Mayor of Parramatta City Council, Councillor Sameer Pandey expressed the importance of digital and social media to communicate the aspirations of Hindu Australians into the future.

The AHA digital platform suite including website, Facebook, Twitter and Instagram to interact with it’s members and wider community.

Councillor Suman Saha of Sydney’s Cumberland City Council is a proud Bangladeshi Hindu.
He told The Australia Today, “We should have a say in the policy-making of our community than only we will have a say in the policy making of our country.”

“I stress every Hindu in Australia to please participate in the social issues which will define the future of coming generations in Australia,”
said Mr Saha.

AHA Secretary Bharti Kundal said one of the most important pillars of this Hindu Advocacy group is to provide a platform to Hindu women to discussed their issues and find an appropriate scalable solution.

Australian Hindu Association, Secretary, Bharti Kundal

Hindu Women have highest participation in workforce however they are most neglected lot when it comes to representation in decision making bodies of Not for profit or State/Federal Government Boards.

“We are here to change this situation by advocacy and awareness campaigns. Our aim is to establish a range of Hindu women leaders in multiple sectors as voice of Australian Hindu community,”
explained Ms Kundal.

Vice President of AHA Yogesh Khattar told The Australia Today, “There is a lot of misinformation spread about Hindus and Hinduism, some of it is deliberate attempt by foreign players via their local front organisations.”

Australian Hindu Association, Vice- President, Yogesh Khattar

“One of the important work of Australian Hindu Association will be to expose these divisive forces and their agenda.”

Mr Khattar says, “Anyone who want to be member of Australian Hindu Association can fill this form.

Market Mantra: Australian shares decline on US Fed taper woes

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17 January 2022 11:11 AM

The Australian market snapped a positive three-week rise last week with tech and software stocks leading the losses as US Federal Reserve officials solidified expectations that the US interest rate could rise as soon as March, leaving markets braced for tighter monetary conditions.

It is becoming clearer by the minute that global central banks, including the US Federal Reserve and our own Reserve bank of Australia, are finally waking up and getting ready to try and control inflation by limiting bond purchases and raising interest rates. As such traders are getting jumpy about holding stocks.

There are also real-world negative business effects that are now starting to come through as a result of the latest round of COVID-19 infections and isolations. Qantas recently confirmed that it has scaled back flight operations by a third due to lack of demand. Crumbling supply chains have resulted in empty supermarket shelves resulting in consumer staples stocks falling every day for the week.

When the interest rates rise the tech stocks which usually rely on easy money are first to fall. The Australian tech sector was no different, declining 4% for the week. It was the Buy Now Pay Later stocks however which led the route. Sharp falls in Square Inc stocks in US trade and a negative report from Mcquarrie on BNPL meant shares in Afterpay, Zip, Openpay and Splitit as well as software supplier Xero had massive drops.

The banks and financials which usually benefit from rising interest rates were also unable to stem the rot this week and ended 1.2% lower for the week, after six consecutive weekly gains. Both Commonwealth and Westpac fell more than 1% while Pendal shares were down more than 16%.

Traders in Australia will be waiting nervously to see if Australian bond purchases will be cut when the RBA board reconvenes on Feb 1 after Jerome Powell left no room for doubt that he will tackle inflation hard after the US CPI for December came in at an annualised rate of 7%, the highest for almost 40 years.

With interest rates hikes expected soon we expect the tech sectors to continue to struggle in the near future, with more pains for holders of Buy Now Pay Later stocks. The financial sector may take their cues from the US in the short term, however, they may be heading into a headwind with traders waiting for RBA meeting at the beginning of February where we are expected to hear more on the speed of interest rate hikes in Australia.

Looking ahead to this week, traders will be waiting keenly for Australian unemployment figures for December. In November, Australia created a massive 366,000 + jobs. However given December was a tougher month than expected with more viral outbreaks across Australia, we wouldn’t be surprised if job numbers decline for the month.

Consumer confidence numbers, housing starts, payroll jobs and wages, skilled job vacancies and business turnover will also come out during this week. Investors will also be looking keenly at Chinese economic growth figures and figures on retail sales, production and investment.

Gold prices firmed strongly last week, supported by a retreating US Dollar. The Fed remarks on Friday however resulted in the yellow metal giving away some of the weekly gains. However, despite the declining gold still had its best week since 12 November.

The US Dollar fell to its lowest in more than two months last week while US 10-year Treasury deals also recorded their first weekly decline in four weeks. This helped the non-yielding yellow metal.

The bullion is usually considered as an inflation hedge, however, it benefits strongly from US Dollar weakness as that makes it cheaper for holders of other currencies.

Failure to breach the December peaks around 1830-1835 levels and Federal Reserve’s hawkish stance on Friday however then led to the decline in gold to close the week around the US $1818/ounce.

The big test for the precious metal would be to see if it cracks the $1830 level. This has proved to be a tough nut to crack for gold traders. If gold bulls do not find the strength to break through $1830, then the price could continue to remain range-bound between $1800 and $1830 as we have seen in the last few days.

Oil recorded a fourth consecutive week of gains, recording their longest winning streak since October. A weaker US Dollar and supply constraints boosted oil prices last week. A weaker US Dollar makes commodities more affordable for holders of other currencies. Hence, as US Dollar recorded its largest weekly fall in more than a year the crude prices rallied higher.

Analysts also warned that the recent Russia Ukraine conflict could be a seismic event for the energy market and may result in supply disruptions, thus sending oil prices higher. Russia is not only a major oil producer but with more European nations racing towards getting off fossil fuels the dependence on Russia as the major source of energy for Europe has increased manifold.

On Friday Russia began moving tanks and other military equipment westward towards Ukraine from its Far East bases. Also on Friday, an alleged cyberattack from Russia left a number of Ukrainian government websites unavailable. The emerging crisis between Russia and Ukraine raises political risk premium and directly affects the natural gas prices.

A possibility of an armed conflict also have wide geopolitical ramifications and boost oil premiums.

While oil prices look set to head towards US $100/barrel a potential release of crude from China’s strategic reserves and a weekly rise in the number of active US oil drilling rigs may spoil the party in the short term for the oil bulls.

As such we expect oil to take a breather around current levels before starting the climb again.

With US Dollar recording its largest fall in multiple months the Australian Dollar was a big beneficiary rallying to 0.7313, a fresh two-month high. However hawkish comments from Fed, particularly on Friday night undermined demand for the local currency against the greenback thus resulting in the Aussie trimming its gains to settle around the 0.7240 price zone.

The US continues to record inflation at toxic levels and with traders feeling that the US Federal Reserve is not being able to respond in a proper timed manner to the rising inflation the US currency got dumped heavily last week. The dollar however recovered some ground on Friday night after Fed Governor Lael Brainard became the latest and most senior US central banker to signal that interest rates will rise in March to combat inflation.

With US government bond yields, however, recording a decline for the week it seems the recovery in the greenback could be limited and positive macroeconomic figures from Australia last week could mean that the local currency may continue in its strong position.

The upcoming week however will be crucial for Australian currency as China, Australia’s largest trade partner will publish its December retail sales and industrial production and Q4 GDP figures.

Technically speaking the Australian Dollar tried to go above the 100 SMA, however, the sellers defended the levels strongly thus indicating that bears might still be in control for the AUD/USD pair.

While the falling US Dollar boosted the commodity prices which helped Australian commodity miners and in turn the local currency, the rising commodity prices especially oil meant the Indian Rupee continued to remain pressured against all currencies.

India is one of the largest oil importers and gains in the Rupee remains limited when oil prices go up. A widening trade deficit, lesser IPO’s and the prospect of a US rate hike are expected to subdue the INR in the coming weeks.

India’s trade deficit increased to a record $21.7 billion for December 2021. The trade deficit in India was $15.72 Billion during the same period in 2020 and $12.47 billion in December 2019.

India has also seen a surge in FII outflow in recent weeks and a rate hike in the US could further drive away FIIs from investment in India and other emerging markets.

The Indian Rupee is now the worst-performing currency in the Asian basket as India grapples with a surging trade deficit and inflation. However, USD/INR pair faces strong resistance between 74.40 and 74.70 regions.

In digital currencies Bitcoin after dropping 20% in the last two weeks turned the tide by getting above $43,100, up by 3% in the last 7 days.

Bitcoin started 2022 on a weak note and briefly dropped below US$40,000 for the first time since September last year. However, it quickly found support around these levels and reclaimed the key $42,000 level, a level that gives confidence to other altcoins.

With news from the crypto world continuing to be positive globally many top altcoins such as Polygon, Terra (Luna), Polkadot and Dogecoin gained more than 15% during the week.

In Agricultural products, soybean and corn futures recorded weekly declines on forecasts of rains in drought-hit South American growing regions. Wheat also recorded its third consecutive week of declines as the supply outlook improves.

Weather forecasts have shown parched areas of Argentina, the world’s top exporter of soy and the second-largest producer of corn may receive significant rainfall this week thus boosting chances of a better than previously expected crop.

For the wheat market, the International Grains Council raised its forecast for 2022 global production, partly driven by a strong outlook of the crop in Australia.

Author: Ateev Dang is a trader and trading coach by profession. He runs his own business called Glow trades Pty Ltd where he teaches anyone who is interested in starting on their trading journey how to trade. He can be contacted at adang@glowtrades.com.au.

Disclaimer:

The writers’ opinions in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

Woman ran to neighbour to save her daughter after being stabbed by husband, sadly both died

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14 January 2022 7:50 PM

Representative Image Domestic Violence; Image Source: @CANVA

An Indian Australian woman and her daughter were stabbed in Melbourne.

Melbourne’s northern suburb resident Mr X* (name can’t be published due to court order), allegedly appeared on Thursday evening armed with a knife at his wife Mrs X’s home.

He allegedly stabbed his 39-year-old wife Mrs X* (name can’t be published due to court order) and his six-year-old daughter Ms T*.

Neighbours called emergency services at about 7:50 pm.

Family friends told The Australia Today, ” Mr X* got addicted to drugs after coming into close contact with a local bikie gang.”

He broke his relationship with a close circle of friends who tried to take him to the rehabilitation process.

A friend who does not want to be named told The Australia Today, “Mr X* called me at 7:10 pm yesterday.”

“He was very upset and was complaining about being ignored by everyone including friends and family. It seemed to me that he was under drug influence.”

Victoria Police believe Mr X* followed his wife while she tried to get to safety.

Detective Inspector in charge Dean Thomas said in a statement that Mr X* injured himself when Police approached him.

Mrs X* died tragically at the scene, while daughter Ms T* was taken to hospital in critical condition. The little girl passed away Friday morning.

Mr X* was also taken to hospital in critical condition as he injured himself when police arrived.

In the hospital, he is under guard and Police detectives are waiting to speak to him.

Speaking at a news conference Friday morning, Detective Inspector Dean Thomas said “It is believed that the 39-year-old victim ran from her house to a neighbour’s house for help, and the perpetrator chased her.”

“He’s known to the police.”

Did the system fail Indian Australian Woman?

The Australia Today can confirm that emergency services attended the address at 12:50 p.m. Thursday, just 7 hours before Mr X* allegedly stabbed his wife Mrs X* and daughter Ms T*.

Detective Inspector Dean Thomas said, “We believe a person at the address has been assessed at the time and emergency services have been released.”

Indian Australian community leaders are working to support. Mrs X*’s parents have been contacted and visa applications have been made for coming to Australia.

“It’s very difficult, she’s going through an absolutely horrible, traumatic incident.”

The Indian Australian community is devastated by the incident and calls on members to seek help if they are feeling any issue that makes them stressed.

Anyone with information on the incident is urged to contact Crime Stoppers.

Family and domestic violence support:

1800 Respect national helpline:
1800 737 732
Women’s Crisis Line:
1800 811 811
Men’s Referral Service:
1300 766 491
Lifeline (24-hour crisis line):
131 114

Eyeing on Free trade agreement with Australia, India’s Reliance Industries bets big on Hydrogen power

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14 January 2022 4:04 PM

The Hydrogen Power projects; Image source: CANVA

Reliance Industries Limited (RIL) said on Thursday it will invest almost A$100 billion in renewable energy power plant and other projects in Gujarat.

The proposed projects will create 1 million direct and indirect employment opportunities in the state. Mukesh Ambani-led company signed an MoU with the Government of Gujarat for the investment proposal as part of Investment Promotion Activity for Vibrant Gujarat Summit 2022 which Australia was also a participant.

RIL proposes to invest A$100 billion in the Indian state of Gujarat over the span of 10 to 15 years to set up 100 GW Renewable Energy Power Plant and Green Hydrogen Eco-System development, RIL said in a statement.

“RIL will develop an eco-system for assisting Small and Medium Enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of Renewable Energy and Green Hydrogen,”
it said.

Australia’s Minister for Industry, Energy and Emissions Reduction Angus Taylor while signing Australian Clean Hydrogen Trade Program (ACHTP) agreement with Japan said “The Morrison Government is positioning Australia to become the international clean hydrogen supplier of choice and are investing to make this reality.”

“Australia is a world leader in clean energy and our high quality resources have long been in strong demand from our international partners,”
Mr Taylor said.

Earlier Mr Ambani said in September 2021 at the International Climate Summit that while the world is making efforts to make green hydrogen the most affordable fuel option by bringing down its cost to initially under $2 per kg, India can set an “aggressive target” for breaching the $ 1 mark.

“Efforts are on globally to make green hydrogen the most affordable fuel option by bringing down its cost to initially under $ 2 per kg. Let me assure you all that Reliance will aggressively pursue this target and achieve it well before the turn of this decade,”
He added.

RIL’s initiatives for decarbonisation and creating a green ecosystem emanate from the vision of Indian Prime Minister Narendra Modi.

In consultation with Government of Gujarat, RIL has started the process of scouting land for 100 GW renewable energy power project in Kutch, Banaskantha and Dholera. The company has requested for 4.5 lakh acres of land in Kutch.

RIL will invest another Rs 60,000 crore in setting up New Energy Manufacturing-Integrated Renewable Manufacturing: 1) Solar PV Module (manufacture of Polysilicon, wafer, cell & module); 2) Electrolyzer; 3) Energy-storage Battery; 4) Fuel Cells.

Further Rs 25,000 crore investments will be made by RIL in existing projects and new ventures over next 3 to 5 years.

RIL has also proposed to invest Rs 7,500 crore over 3 to 5 years for Jio Network up-gradation to 5G and another Rs 3,000 crore over 5 years in Reliance Retail.

New Permissions and Restrictions for Workers including International Students

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14 January 2022 1:37 PM

Reprentative picture of Student worker; Picture Source: @CANVA

As Omicron case numbers continue to increase in Australia and globally. The National Cabinet agreed to the final arrangements for the Rapid Antigen Testing Concessional Access Program.

Through the program,
1- Eligible Commonwealth concession card holders will be permitted to receive a maximum of ten free tests in a three month period with a maximum of five tests in any one month through participating community pharmacies.
2- Eligibility will include people with a Pensioner Concession Card, Commonwealth Seniors Health Care Card, Department of Veterans’ Affairs Gold, White or Orange Card, Health Care Card, Low Income Health Card.

Community pharmacies will be reimbursed a set amount for the unit cost of the Rapid Antigen Tests (which will be $10 plus GST per test initially, with ongoing review of unit prices).

For each supply transaction processed for an eligible person under this program (minimum of 2 tests and maximum of 5 tests per transaction), an Administration Handling and Infrastructure (AHI) fee of $4.30 per transaction will be reimbursed to the pharmacy, consistent with current AHI arrangements under the Seventh Community Pharmacy Agreement. Community Pharmacies will be responsible for sourcing supply for the program as they do for non-subsided rapid antigen tests.

The program to provide free Rapid Antigen Tests for concession card holders will become available through community pharmacies from 24 January 2022.

The individual pharmacies will commence participation in the program as supply continues to become available in late January and early February 2022.

Anyone with COVID-19 symptoms and close contacts should attend a state clinic for free testing and not go to a pharmacy to receive a free test.

Reprentative Picture: Australian Worker; Picture Source @CANVA

Essential Workers – Close Contact Furlough Arrangements by Sector and Workforce

Worker absenteeism due to symptomatic COVID-19 illness, identified asymptomatic infection and the required isolation of close contacts is impacting on critical supply sectors and supply chains across all states and territories.

Current arrangements could see 10 per cent of Australia’s workforce including many workers in critical supply sectors withdrawn from the workforce. The potential impact of school closures on workforce absenteeism relating to caring responsibilities could see a further 5 per cent of Australia’s workforce withdrawn from the workforce.

The medical advice is that Omicron continues to show greater infectivity than the Delta variant, but with much less severity in terms of hospitalisations, ICU and ventilated patients.

Each state and territory will implement these changes to close contact arrangements for essential workers under respective state and territory public health orders and equivalent arrangements.

Changes will be made as soon as possible, where they have not already been made under state and territory public health arrangements, to include essential workers in:

· All transport, freight, logistics and service stations

Changes will be made shortly, where they have not already been made under state and territory public health arrangements, to include:

· Health, welfare, care and support (including production and provision of medical, pharmaceutical and health supplies),

· Emergency services, safety, law enforcement, justice and correctional services,

· Energy, resources and water, and waste management,

· Food, beverage, and other critical goods (including farming, production, and provision but not including hospitality),

· Education and childcare; and

· Telecommunications, data, broadcasting and media.

A full list of sectors is attached.

National Cabinet agreed to further consider expanding these sectors to priority 2 cohorts, pending further health advice.

National Cabinet further endorsed the AHPPC Permissions and Restrictions for workers in health care and aged care settings to ensure close contact essential workers in these sectors are able to return to safely work and ensure continuity of care and effective operations.

National Framework for Managing COVID-19 in Schools and Early Childhood Education and Care

The Framework is based on six National Guiding Principles:

1. ECEC services and schools are essential and should be the first to open and the last to close wherever possible in outbreak situations, with face-to-face learning prioritised*;

2. Baseline public health measures continue to apply;

3. No vulnerable child or child of an essential worker is turned away;

4. Responses to be proportionate and health risk-based;

5. Equip ECEC services and schools to respond on the basis of public health advice and with support from public health authorities where required;

6. Wellbeing of children and education staff to be supported.

All Governments will come back to National Cabinet next week to set out the practical implementation of this Framework so that families can plan with certainty. This will include detailed operational plans, such as mask wearing and surveillance rapid antigen testing, including for teachers.

The Queensland and South Australian Governments have delayed the start to their school years by two weeks due to the forecast peaks of the virus in those states. These schools will still be open for the children of essential workers during this period.

National Cabinet reaffirmed the National Plan to Transition Australia’s National COVID-19 Response and continue work to suppress the virus under Phase C of the National Plan – seeking to minimise serious illness, hospitalisation and fatalities as a result of COVID-19 with baseline restrictions.

To date over 45 million doses of COVID-19 vaccines have been administered in Australia, including 346,349 in the previous 24 hours. This was the third highest daily vaccination total on record with record numbers of 254,112, boosters and 55,570 5 to 11 year old vaccinations.

Almost 95 per cent of the Australian population aged 16 years and over have now had a first dose of a COVID-19 vaccine, including over 99 per cent of over 50 year olds and more than 99 per cent of over 70 year olds.

More than 92.3 per cent of Australians aged 16 years and over are now fully vaccinated including more than 97.3 per cent of over 50 year olds and more than 99 per cent of Australians over 70 years of age.

Over 4.3 million booster doses have been administered. Australia has sufficient supplies of boosters, with 24 million mRNA booster doses in stock in Australia. Yesterday over 242,000 boosters were administered across Australia. Over 48 per cent of those eligible for boosters have had a booster and almost 42 per cent of Australians aged 70 years of age and over have had a booster in the last 9 weeks since the booster program commenced.

Vaccinations for 5 to 11 year olds commenced on Monday 10 January. In only three days over 140,000 vaccinations have been administered to 5-11 years olds accounting for 6.2% of all 5-11 year olds.

Since the beginning of the pandemic there have been 1,195,158 confirmed cases in Australia and, sadly, 2,522 people have died. Australia’s case and fatality rate continues to be the second lowest in the OECD. Globally there have been over 315.4 million cases and sadly over 5.5 million deaths, with 2,265,922 new cases and 6,606 deaths reported in the last 24 hours. The Omicron variant continues to surge in many countries around the world. The latest advice is the Omicron variant is highly transmissible, but significantly less severe than the Delta variant.

National Cabinet agreed that priority access to the public provision of Rapid Antigen Testing is for health and aged care settings as well as people who are symptomatic, close contacts as well as vulnerable populations, such as remote Indigenous communities.

The guidance for close contacts was updated on 30 December 2021, with close contacts defined as household contacts of confirmed cases.

Hindu Council stands with Australian Jews against discriminatory and hate filled campaign of BDS

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14 January 2022 10:33 AM

Hindu Council of Australia and Jewish Board of Deputies; Image source: Supplied

The road to hell is paved with good intentions.

The world is full of conflict. Whether it is in Afghanistan where every woman seems to be in trouble or it is Bangladesh where religious minorities seem to be in trouble.

The Middle East has multiple, long-standing conflicts which have been simmering and sometimes boiling over, for centuries.

Boycott, Divestment, Sanctions (BDS) Australia is a vehemently anti-Israel organization which rejects the very idea of Israel as a State in which the Jewish people, after centuries of dispossession and persecution, once again control their own lives and future. And now some BDS leaders are trying to bring that conflict here.

Some Greens leaders have joined together with BDS Australia in an attempt to deprive the Australian people of our diverse arts and culture through its world-famous Sydney Festival. This is contrary to the Greens own core values of social justice and peace-building. The Greens, who are supposed to make the earth and Australia more liveable for our great grandchildren seem to be spending too much of their good intentions on overseas conflicts.

Some Greens Party leaders have, in the past, tried to spread Hinduphobia in Australia using NSW state Parliament privileges. Although their effort has been refuted by all walks of political life in the Parliament, it has created a fear among peace loving Australian Hindus. While non-violence is a core value of the Greens, they have not spoken against Hindu girls being kidnapped in Pakistan, Hindus & Sikhs being targeted by religious fanatics in Afghanistan and killings of minority Kashmiri Pandit Hindus in Kashmir. There is a long list of such atrocities that any one professing non-violence would condemn. Greens leader seems to be cherry picking as if only some overseas incidents deserve all their attention while others can be ignored.

Very Un-Australian.

The world is not a peaceful place for many of its inhabitants. But Australia stands out as a place of peace and harmony. Australians have compassion for those suffering and fighting with each other overseas in their homelands. Thanks to the strength of public opinion among Australian citizens, these external conflicts have not been allowed to be imported into our multicultural and tolerant home here in NSW.

BDS Australia have, like many of us, taken sides in one such conflict. The endorsement of the anti- Israel boycott by the internationally-proscribed terrorist group Hamas highlights the sinister nature of the BDS campaign.

Please do not hurt our Multi-Cultural Australia

Please do not deprive Australians of the Arts and Culture that the world (including in its not so stable regions) has to offer. Please do not boycott the Sydney Festival and force cancellations of Arts performances. Let us work to solve the conflicts of the world but PLEASE, do not bring these conflicts home. Please do not divide our multicultural Australia.

We stand against these boycotts and commend the Sydney Festival for its stance against them.

By: Surinder Jain, Hindu Council of Australia.

Australia to “push through” amidst rising number of Omicron cases

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12 January 2022 2:34 PM

COVID Testing; Picture Source: Twitter @VicGov

Australia’s Prime Minister Scott Morrison is facing pressure for his handling of the Omicron wave in an election year.

He has committed to “push through” the outbreak as he plans to ease isolation rules for asymptomatic workers in key sectors.

PM Morrison told a media briefing in Canberra:

“Omicron is a gear change and we have to push through. You’ve got two choices here: you can push through or you can lock down. We are for pushing through.”

COVID-19 infections are at near record levels especially caused by the Omicron variant.

Australia has reported about 1.1 million cases since the pandemic began.

Recently, Ambulance Union’s Olga Bartasek told media that they were forced to declare a code red in Victoria.

“Certainly, code red is only ever reserved for … things like thunderstorm asthma or the bush fires.”

However, this time it was was due to the the high number of call requests than ambulances available.

Ambulance Victoria is experiencing an extremely high demand for ambulances in the metropolitan region. It is likely there will be a delay in an ambulance reaching you. If it’s not an emergency, please call NURSE-ON-CALL (1300 60 60 24). pic.twitter.com/68La4H3wwg
— Ambulance Victoria (@AmbulanceVic) January 10, 2022

Victoria’ Acting Premier Jacinta Allan said that it showed the “unprecedented challenges” the health system faced in the wake of the pandemic.

“Code red circumstances do happen from time to time both as a consequence of the pandemic but indeed other events, either natural disasters or other events that are going on in the community at that given time.”

The premier of Victoria, Daniel Andrews, told a media briefing:

“There is significant pressure in our health system.”

He added that about 4,000 hospital and 400 ambulance staff in the state were isolating due to virus protocols.

More than 4,000 people are in hospital with COVID-19 and the number of patients in ICU are also slowly on the rise.

Sanya Arora and Priyanka Selvam crowned Miss-Mrs India Australia 2021

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11 January 2022 11:54 AM

Sanya Arora, a 22-year-old dermal therapist from Melbourne, has been announced as the Miss India Australia 2021.

Due to COVID-19, the 2021 Miss India Australia winner and the 10 finalists were selected via an online auditions and interview process.

Sanya was born in Pune, Maharashtra, and her family moved to Australia when she was 10 years old.

Image Source: Miss India Australia 2021.

She is very passionate about her Indian culture and loves contemporary Indian dance.

Sanya is multilingual can speak fluently English, Hindi, Punjabi and Marathi.

The group training sessions were conducted by Raj Suri, who is a well-known Indian-Australian photographer, talent mentor and founder of media firm Karigar Australia.

Raj Suri, Founder, Miss-India-Australia; Image source: Supplied

He says:

“I wan to empower Indian Australian women with self belief, cultural expression, and individuality so that they become the role models for the next generation.”

In the same event, the Mrs India Australia 2021 title was given to Priyanka M. Selvam.

Priyanka is a 38-year-old YouTuber, who lives in Ballard, Victoria.

She moved to Australia from Ernakulam, Kerela.

“My motivation to audition for Mrs India Australia 2021 was my Dad’s words he always use to remind me and my sister that never fear to try anything in life because you don’t know what the world have to offer you.”

Priyanka was also awarded Mrs Social Impact title for her fight against depression and motivating Indian-Australian women through her channel “Beauty bugs TV”.

Miss & Mrs India Australia 2021 finalists; Image source: Miss India Australia 2021

The Miss India Australia 2021 titles announced are as follows:

SANYA ARORA – Miss India Australia 2021 and Miss Photogenic 2021
MANMEET Gulati– Miss India Australia International Student & Popular Choice 2021
SANAH Aslam- Miss India Australia Social Impact 2021
ALISHA Mathew – Miss India Australia Best Talent (Classical Dance) 2021
VANSHIKA Puri – Miss India Australia Professional 2021
PRIYANKA M Selvam – Mrs India Australia 2021 and Mrs Social Impact 2021
NEERU A Krishnakumar (NSW) – Mrs India Australia Photogenic 2021
SAVINDER (Smiley) Kaur – Mrs India Australia Best Catwalk 2021
JYOTHSNA Suraj – Mrs India Australia Best Talent (Singing) 2021
DEBLINA Sarkar – Mrs India Australia Beautiful Face 2021

Miss India Australia 2021 will officially represent Australia in the 30th Miss India Australia Worldwide 2021 in Mumbai, India in 2022.

This would be subject to COVID-19 restrictions at the time.

Victoria issues new pandemic restrictions and vaccination mandate, Here’ details

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10 January 2022 1:33 PM

Melbourne lockdown; Picture Source: Facebook

Government of Victoria has issued a new pandemic order under which workers in key sectors who are already required to be fully vaccinated must get their third dose before being permitted to work onsite.

This will apply to healthcare, aged care, disability, emergency services, correctional facility, quarantine accommodation and food distribution workers. Workplaces must sight and record proof of vaccination.

This order comes into place at 11:59pm Wednesday 12 January.

Workers eligible for a third dose on or before Wednesday 12 January will have until Saturday 12 February to get their vital third dose. Workers not yet eligible for a third dose will be required to get it within three months and two weeks of the deadline to receive their second mandatory dose.

This means residential aged care workers must receive their third dose by 1 March, and health care workers by 29 March. Disability, quarantine accommodation, correctional facilities, emergency services, and food distribution workers will need to receive their third dose by 12 March.

Food distribution workers includes manufacturing, warehousing and transport (freight/port) workers involved in food distribution.

Retail supermarket staff are not included in the mandate.

Victorians in these priority cohorts were among the first required to have their first and second dose vaccination during 2021. The mandatory vaccination requirement will not apply to workers who have a valid medical exemption.

The New Restrictions:

To reduce the risks of the virus spreading, indoor dance floors within hospitality and entertainment venues must close from 11:59pm 12 January. Venues can still operate and there are no changes to the density settings currently in place.

Indoor dance floors at weddings will be permitted, but wedding hosts and guests should still consider the risks of dance floors and choose to locate them outdoors if possible.

Minister for Health Martin Foley said, “Victoria is open and the community is encouraged to support businesses in a COVIDSafe way. Closing indoor dance floors is a simple but important step – we know they pose an extraordinary risk of mass transmission.”

The strong recommendations that people work from home if they are able and that patrons in hospitality and entertainment venues opt for seated service will continue. It is recommended that people visiting these venues who can access Rapid Antigen Tests (RAT) should use them before attending.

In addition, further visitor restrictions will be applied to hospitals and aged care settings – reflecting the vulnerable nature of patients and residents in these facilities.

Residents at aged care centres will continue to be permitted up to five visitors per day, but visitors must return a negative RAT result before entering. If no RATs are available at the facility, residents will be permitted no more than two visitors.

Visitors in hospitals must have received two doses of the vaccine or must return a negative RAT result before entering. Adult visitors who are not fully vaccinated must wear an N95 mask during their visit. Standard face masks continue to be mandated for children aged 8 and above.

While test requirements upon arrival remain unchanged, fully vaccinated international arrivals will no longer need to get a second PCR or RAT five to seven days after their arrival. This change is in line with the decision of National Cabinet last week and recognises the high levels of COVID-19 transmission currently in the community.

Workers in the manufacturing, distribution or packaging of food and beverages including retail supermarket workers may be exempted from close contact isolation requirements in order to attend work from 11.59pm Wednesday 12 January, if it is necessary for continuity of operations and other options have been exhausted.

To mitigate risks, exempted workers must be asymptomatic, undertake daily RATs for 5 days and return a negative result prior to attending work. They can’t enter shared break areas, and employers are asked to facilitate solo break time.

In addition, face coverings must be worn, using N95/P2 respirators if possible. Both the worker and workplace must consent to the worker’s return.

This new close contact isolation exemption for asymptomatic food distribution workers is similar to the arrangements already in place for critical healthcare workers.

Information on updated COVIDSafe settings and third dose vaccination requirements will be published at www.coronavirus.vic.gov.au when the orders come into effect at 11:59pm Wednesday 12 January.

Market Mantra: Welcome to Australian market roller-coaster of 2022

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10 January 2022 1:09 PM

Australian shares swung wildly last week from reaching four month highs to plunging most in 16 months and then rebounding on Friday to close 0.1% higher for the week.

2022 started on a mixed note for Australian investors with energy stocks soaring on increasing oil prices while technology stocks tanking amid increasing Omicron cases.

The market opened the week on a positive note, however after the minutes of US Federal Reserve signalled an earlier than expected rate hike it resulted in Australian shares posting their biggest drop since September 2020. The technology shares which usually rely on cheap and easy money were hardest hit.

The buy now pay later companies such as Afterpay and Zip led the declines with many analysts believing that an interest rate rise would reduce the present value of tech companies expected future profits.

Shares in James Hardie also declined after the company sacked its Chief Executive Officer for work related interactions and breach of conduct.

The markets, however rebounded to recover some of the losses on Friday as financial stocks led the gain. Propelled by the Big Four the financial stocks jumped by 2.2% on Friday, recording their biggest intraday jump since October last year.

Even though the rise on Friday may have calmed some of investor concerns, rising Omicron cases and prospects of earlier than expected rate rise remain a worry for investors.

The week also brought some good news for private health insurers. With NSW and Victoria both now suspending elective surgery to combat with rising Omicron cases the shares in Medibank, NIB Holdings, QBE, SUN and Insurance Australia Group all galloped.

Moving ahead we feel as the health system remains under pressure the governments will need to bring in more restriction which should further help insurance companies.

Looking forward, investors will be keeping an eye out on national spending data. There is a concern that national spending in Australia has declined to lockdown levels with people in Sydney and Melbourne dragging the national spending as surging coronavirus cases keep them from going out.

With US Central Bank bracing for a hike in interest rate it lessened gold’s appeal as a non-yielding asset. The yellow metal declined 2% for the week, their biggest weekly drop since November 26 as US 10-year Treasury yields reached their highest levels since Mach 2021.

The precious metal is highly sensitive to rising US interest rates, which increases the holding cost for the non-yielding bullion.

Looking forward while it has been a bearish week for the gold the support around 1780 seem to be holding. A break of 1780 will open up risk of bullion tumbling to 1750s in the coming weeks. Whereas if the bulls manage to hold the support they may push prices of the precious metal back towards $1830/ounce.

We feel in the near and longer term markets will continue to pencil in a Fed balance sheet runoff, which should continue to push real rates higher and weigh on gold prices. For spot gold’s losses to accelerate the US Dollar is the key and would need to rise further from its current levels.

If the US Dollar starts kicking higher this week, that combined with higher real yields could be a big bearish risk for gold.

Oil prices recorded a third consecutive week of gains as the market tightened due to supply constraints across OPEC+ members following civil unrest. Kazakhstan’s largest oil producer reduced output following protests in the country, while production in Libya has also been hampered following militia unrest.

The OPEC+ alliance stuck with a scheduled increase of 400,000 barrels a day for February, however given declined output in Libya and Kazakhstan and Russia also failing to boost output last month it is highly unlikely that the group will meet that threshold.

Oil has rallied in past weeks as markets have largely dismissed Omicron as a mild strain and just a temporary aberration and now the supply interruptions from Libya and Kazakhstan have just added to oil bullishness.

A deep freeze in Canada and northern parts of USA have also disrupted oil flows last week.

We expect the bullish pattern in oil to continue over the coming weeks with US Crude Oil set to test key resistance levels at $80 per barrel.

Moving on to currency markets, the Australian dollar drifted lower against the US dollar as the US Fed Reserve signalled an earlier than expected interest rate rise.

With Australian macro calendar remaining empty during last week the news from US drove the currency pair. The FOMC meeting minutes on Wednesday night shook the world markets and the Australian currency by hinting that conditions of a rate hike could be met relatively soon, supporting speculation of a hike in March.

The Fed members also began discussing reduction of their bond holdings in the upcoming months. US policymakers have tried to cool down inflation related concerns throughout most of 2021 and the FOMC minutes on Wednesday further indicated that they are far more concerned than what they actually say and that they are ready to take more aggressive measures to bring things back under control.

The Reserve Bank of Australia in contrast is in opposite extreme to the US Central Bank. The RBA insist that a rate hike is unlikely, at least till 2024and that it is only a matter of time that inflation will return to acceptable levels.

Such imbalances between central banks would favour a slide in the Aussie against the greenback in the mid-term.

The Indian Rupee also declined against the rising greenback with concerns over the rising Omicron variant and firm crude oil prices weighed on the Indian currency. The foreign institutional investors also continue to be net sellers in the Indian capital market.

In digital currencies Bitccoil and cryptocurrency prices continue their sell-off with BTC briefly bottoming just below US $41,000.

This is Bitcoin’s worst weekly drop since November. The rest of cryptocurrency market also gave in to the selling sentiment with Ethereum, Binance coin, Solana, Cardano, Shibu all sinking.

There are two main reasons why the cryptocurrency prices are going south. First a possibility of an interest rate hike at the next Fed meeting in March. Rate hikes don’t bode well for non-yielding BTC.

The price action for digital currencies also indicate that they behave more like a tech stock than safe-haven assets and an interest rate hike usually hits the tech stocks hardest.

Secondly, unrest in Kazakhstan, which became world’s second biggest mining hub after China’s crypto crackdown. The civil unrest in Kazakhstan last week brought 18% of the global crypto mining facility to a grinding halt.

According to Antoni Trenchev, founder of crypto lending platform Nexo, if the Bitcoin price breaks below $40,000 it could get ugly with the number one digital currency possibly tumbling to September lows of $30,000.

Author: Ateev Dang is a trader and trading coach by profession. He runs his own business called Glow trades Pty Ltd where he teaches anyone who is interested in starting on their trading journey on how to trade. He can be contacted on adang@glowtrades.com.au.

Disclaimer:

The writers’ opinion in the above article are their own and do not constitute any financial advice whatsoever. Nothing published by The Australia Today constitutes an investment recommendation, nor should any data or content publication be relied upon for providing any investment activities.

We strongly recommend that you perform your own independent research and/or speak with a financial advisor or qualified investment professional before making any financial decisions.

ICC announces new playing conditions for T20I, fielding side to suffer for slow over-rate

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8 January 2022 9:15 AM

India T20 Captain Rohit Sharma; Picture Source: @BCCI

The International Cricket Council (ICC) on Friday announced changes to T20I playing conditions that will come into effect with the upcoming one-off match between West Indies and Ireland at the Sabina Park.

An in-match penalty for slow over rates in men’s and women’s Twenty20 Internationals comes into effect this month, with the updated playing conditions also providing for an optional drinks interval midway through the innings in bilateral T20 international cricket.

The over rate regulations are captured in clause 13.8 of the playing conditions (here), which stipulate that a fielding side must be in a position to bowl the first ball of the final over of the innings by the scheduled or rescheduled time for the end of the innings. If they are not in such a position, one fewer fielder will be permitted outside of the 30-yard circle for the remaining overs of the innings.

The change was recommended by the ICC Cricket Committee, which regularly discusses ways to improve the pace of play in all formats, after considering reports on the effectiveness of a similar regulation that was included in the playing conditions for the Hundred competition conducted by the ECB.

The in-match penalties are in addition to the sanctions for the slow over-rate outlined in Article 2.22 of the ICC Code of Conduct for Players and Player Support Personnel.

In another change, an optional drinks break of two minutes and thirty seconds may be taken at the mid-point of each innings subject to agreement between Members at the start of each series.

The first men’s match to be played under the new playing conditions will be the one-off tie between the West Indies and Ireland at the Sabina Park in Jamaica on January 16 while the first T20I of the three-match series between South Africa and the West Indies in Centurion on 18 January will be the first women’s match played under the new playing conditions.

India announces ‘New rules’ including seven day quarantine for all international arrivals, Here’ details

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7 January 2022 11:39 PM

Amid a surge in the COVID-19 cases, the Indian government on Friday announced a seven-day mandatory home quarantine for all international arrivals in the country.

All travellers will undergo home quarantine for 7 days and shall undertake RT-PCR test on the 8th day of arrival in India

The Revised Guidelines will come into effect from 11th January 2022 (00.01 Hrs IST)

Indian Ministry of Health and Family Welfare said all travellers from specified countries at risk will at first, submit a sample for the post-arrival COVID-19 test at the point of arrival (self-paid). Such travellers will be required to wait for their test results at the arrival airport before leaving or taking a connecting flight.

Planning for Travel

All travellers should
1. Submit complete and factual information in self-declaration form on the online AirSuvidha portal before the scheduled travel, including last 14 days travel details.
2. Upload a negative COVID-19 RT-PCR report*. The test should have been conducted within 72 hrs prior to undertaking the journey.
3. Each passenger shall also submit a declaration with respect to authenticity of the report and will be liable for criminal prosecution, if found otherwise.
They should also give an undertaking on the portal or otherwise to Ministry of Civil Aviation, Government of India, through concerned airlines before they are allowed to undertake the journey that they would abide by the decision of the appropriate government authority to undergo home/institutional quarantine/ self-health monitoring, as warranted.
Continuing with the earlier approach, travellers from certain specified Countries (based on epidemiological situation of COVID-19 in those Countries) are identified for additional follow up. These include need for additional measures as detailed in para (xviii) below. The listing of such specified Countries is a dynamic exercise based on evolving situation of COVID-19 across the world and will be made available on the websites of Ministry of Health & Family Welfare, (mohfw.gov.in) and the link of the same will be available at website of Ministry of External Affairs and Air Suvidha Portal.
All travellers who need to undertake testing on arrival, should preferably pre-book the test online on Air Suvidha Portal, to facilitate timely testing.

Before Boarding

Passengers originating or transiting from at-risk countries shall be informed by the airlines that they will undergo post arrival testing, quarantine if tested negative, stringent isolation protocols if tested positive etc. as mentioned in para (xviii).
Do’s and Don’ts shall be provided along with ticket to the travellers by the airlines/agencies concerned.
Airlines to allow boarding by only those passengers who have filled in all the information in the Self Declaration Form on the Air Suvidha portal and uploaded the negative RT-PCR test report.
At the time of boarding the flight, only asymptomatic travellers will be allowed to board after thermal screening.
All passengers shall be advised to download Aarogya Setu app on their mobile devices.

During Travel

In-flight announcement about COVID-19 including precautionary measures to be followed shall be made at airports and in flights and during transit.
During in-flight crew shall ensure that COVID appropriate behaviour is followed at all times.
If any passenger reports symptoms of COVID-19 during flight, he/she shall be isolated as perprotocol.
Proper in-flight announcements should be made by the airlines regarding the testingrequirements and people who need to undergo such testing to avoid any congestion at the arrival airports.

On arrival

De-boarding should be done ensuring physical distancing.
Thermal screening would be carried out in respect of all the passengers by the health officials present at the airport. The self-declaration form filled online shall be shown to the airport health staff.
The passengers found to be symptomatic during screening shall be immediately isolated and taken to medical facility as per health protocol. If tested positive, their contacts shall be identified and managed as per laid down protocol#.
Travellers from specified Countries at risk [as mentioned in para (iii) and (iv) above] will follow the protocol as detailed below:
- Submission of sample for post-arrival COVID-19 test* at the point of arrival (self-paid).Such travellers will be required to wait for their test results at the arrival airport before leaving or taking a connecting flight.
- If tested negative they will follow, home quarantine for 7 days and shall undertake RT-PCR test on the 8th day of arrival in India*.
- Travellers shall also be required to upload results of repeat RT-PCR test for COVID-19 done on 8th day on Air Suvidha portal (to be monitored by the respective States/UTs).
- If negative, they will further self-monitor their health for next 7 days.
- However, if such travellers are tested positive, their samples should be further sent for genomic testing at INSACOG laboratory network.
- They shall be managed at isolation facility and treated as per laid down standard protocol including contact tracing mentioned in para (xvii).
- The contacts of such positive case should be kept under home quarantine monitored strictly by the concerned State Government as per laid down protocol.

Travellers from Countries excluding those referred as of risk, will follow the protocol as below:
1. A sub-section (2% of the total flight passengers) shall undergo post-arrival testing at random at the airport on arrival.
2. These 2% of such travellers in each flight shall be identified by the concerned airlines (preferably from different countries).
3. Laboratories shall prioritise testing of samples from such travellers.
4. All travellers (including those 2% who were selected for random testing on arrival and were found negative) will undergo home quarantine for 7 days and shall undertake RT-PCR test on the 8th day of arrival in India*.
5. Travellers shall also be required to upload results of repeat RT-PCR test for COVID-19done on 8th day on Air Suvidha portal (to be monitored by the respective States/UTs).
6. If negative, they will further self-monitor their health for next 7 days.
7. However, if such travellers are tested positive, their samples should be further sent for genomic testing at INSACOG laboratory network.
8. They shall be managed at isolation facility and treated as per laid down standard protocol including contact tracing mentioned in para (xvii).
If travellers under home quarantine or self-health monitoring, develop signs and symptoms suggestive of COVID-19 or test positive for COVID-19 on re-testing, they will immediately self- isolate and report to their nearest health facility or call National helpline number (1075)/ State Helpline Number.

International travellers arriving at seaports/land ports

International travellers arriving through seaports/land ports will also have to undergo the same protocol as above, except that facility for online registration is not available for such passengers currently.
Such travellers shall submit the self-declaration form to the concerned authorities of Government of India at seaports/land ports on arrival.

“They shall be managed at isolation facility and treated as per laid down standard protocol including contact tracing mentioned. The contacts of such positive case should be kept under home quarantine monitored strictly by the concerned State Government as per laid down protocol,” it added.

Travellers from countries excluding those from at-risk countries will follow the ministry’s guidelines as well. At first, a sub-section (two per cent of the total flight passengers) shall undergo post-arrival testing at random at the airport on arrival. These two per cent of such travellers in each flight shall be identified by the concerned airlines (preferably from different countries). Further, laboratories shall prioritise testing of samples from such travellers.

International travellers arriving through seaports/land ports will also have to undergo the same protocol as above, except that facility for online registration is not available for such passengers currently. Such travellers shall submit the self-declaration form to the concerned authorities of the Government of India at seaports/land ports on arrival.

Children under five years of age are exempted from both pre and post-arrival testing. However, if found symptomatic for COVID-19 on arrival or during the home quarantine period, they shall undergo testing and treated as per laid down protocol.

As per the Health ministry, the global trajectory of the COVID-19 pandemic continues to decline with certain regional variations. The need to monitor the continuously changing nature of the virus and the evolution of SARS-CoV-2 variants of concern (VOCs) must still remain in focus. The existing guidelines for international arrivals in India have been formulated taking a risk-based approach.

Thousands of places for Child vaccinations in Victorian State Hubs, Booking starts today at 1 pm

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5 January 2022 2:19 PM

Child getting Vaccinated; Picture Source: @CANVA

State-run vaccination sites across Victoria will start taking bookings for children aged 5 to 11 years to receive their vaccination on 10 January 2022.

From 1pm today, parents and guardians can book at one of the 18 state-run vaccination centres offering child vaccinations online or through the coronavirus hotline.

Online bookings will require a unique email address, which can be the child’s address or another one belonging to a parent or guardian.

Parents and guardians of children between 5 and 11 are recommended to book in their child’s first dose in the lead up to the program commencing 10 January.

Eight flagship vaccination centres are being transformed into an Australian-themed ‘forest of protection’ which will feature fun imagery of native Australian animals, as well as entertainers, activities and show bags designed to help make the vaccination experience positive for children and their families.

The forest-themed sites will be located at:

1- Melton Vaccination Hub (indoor and drive-through),
2- Campbellfield Ford Complex,
3- Cranbourne Turf Club,
4- Sandown Racecourse,
5- Frankston Community Vaccination Hub,
6- Geelong’s Former Ford Factory,
7- Shepparton Showgrounds
8- Traralgon Racecourse.

Children who get vaccinated at one of the eight flagship sites will receive a showbag with goodies that can help with distraction, including a colouring-in book by First Nations artist Emma Bamblett, coloured pencils, stickers and fidget spinners.

The decoration has been developed with children and parents, including those from culturally and linguistically diverse backgrounds.

Acting Premier of Victoria Jacinta Allan said, “By getting your child vaccinated, you are providing them with direct protection against COVID-19 and reducing the risk of transmission to loved ones and in schools.”

“We want to create a vaccination experience that is positive for the whole family – the forest themed hubs have been designed to provide a welcoming and accessible experience for children of all backgrounds and abilities.”
She added.

Children will also be able to place a leaf with their name on it on the ‘eucalyptus vaccination tree’ that grows with every child vaccinated, with parents also able to add a leaf after receiving their third dose.

The state-run sites have been designed to cater for children who need additional support during their vaccination process such as a visual distraction, virtual reality headsets and the Buzzy Bees ice pack.

The child-friendly vaccination hubs also provide low-sensory booths and are able to cater for specific needs.

In addition, parents and guardians are encouraged to also check for paediatric vaccination appointments at their local GPs and pharmacies across Victoria.

An immunisation plan has been developed by the Department of Health and The Royal Children’s Hospital as a resource for guardians to help decide where and how to book based on their child’s needs.

The paediatric Pfizer COVID-19 vaccine reduces COVID-19 risks for children and has the additional benefit of reducing risks of transmission to older contacts.

For more information and to book your children’s first dose – visit www.coronavirus.vic.gov.au/vaccine. Bookings can also be made via the Coronavirus Hotline on 1800 675 398 or via your local pharmacy or GP.

Air India announces three additional flights every week from Melbourne/Sydney

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