Monday 31 March 2014

Happy New Year!!!

Today is Chaitra Shudha Pratipada (चैत्र शुद्ध प्रतिपदा), New Year for many Indians. I wish them a very happy and prosperous New Year! This morning I attended RSS’s Gudi Padava Ustav. A knowledgeable speaker in RSS fraternity touched upon Hindu Cosmology. It triggered a recall of my readings on this topic which I am presenting it here.

·        Hindus believe Brahma (creator of universe) leaves for 100 years. Each year consists of 300 cosmic days and 300 cosmic nights. 1 day (cosmic daytime) of Brahma is called as Kalpa (कल्प). Brahma is 51 years old and Shweta Varaha (श्वेत वराह) Kalpa is currently going on.

·        Brahma creates 14 Manus (मनु) in each Kalpa. Period of 1 Manu is called as Manvantar (मन्वंतर). Currently, वैवस्वत (मनु) Manvantar is going on which is 7th Manu.

·        Each Manvantar has 71 Mahayug. Each Manu is separated by Sandhya. There are 15 Sandhya which are equivalent of 6 Mahayug. Therefore, each Kalpa is of (14 X 71) + 6 = 1000 Mahayug

·         1 Mahayug comprises of 1 Satya (सत्य), Treta (त्रेता), Dwapar (द्वापर) and Kali (कलि) Yug each.

·         Kali Yug is of 4,32,000 conventional years

·         Dwapar Yug is twice of Kali Yug i.e. 4,32,000 X 2 = 8,64,000 years

·         Treta Yug is thrice of Kali Yug i.e. 4,32,000 X 3 = 12,96,000 years

·         Satya Yug is four times of Kali Yug i.e. 4,32,000 X 4 = 17,28,000 years.

·        Therefore one Mahayug is of 43,20,000 years and one Manu is of 30,67,20,000 years and one Kalpa is of 4,32,00,00,000 years!

·         We are currently in Kaliyug of 28th Mahayug of वैवस्वत Manvantar of Shweta Varaha Kalpa.

·        Brahma is awake during daytime (Kalpa) and hence universe is awake. When brahma is sleeping in the night, universe is also sleeping (destroyed by Shiva). Brahma dies after 100 years and universe is completely destroyed. He reincarnates only after 100 years and universe starts blossoming once again. This cycle repeats again and again. Rig Veda says no body knows how long it is going on and how long it would continue.

These are our beliefs and there is no scientific justification of it. However, age of the universe suggested by modern science is surprisingly very much closer to what suggested by Hindu cosmology. Whenever you perform any Pooja at your home next time, observe what Brahmin says. He gives the complete reference of Hindu cosmology by uttering Kalpa-Manavantar-Yug-Year-Season-Month-Paksha-Date (Tithi)-Day (War)-Nakshatra. Listen it carefully.

All of our Indian calendars are derived or calculated from सूर्यसिद्धान्त of Rig Veda. Other Asian calendars like Chinese and Japanese are also based on this principle. Our calendars are based upon cycle of moon. However correction (leap year or Adhik Mas) is applied based upon the solar cycle. Therefore, Hindu calendars are lunisolar calendar. Christian’s calendar is Solar whereas Muslim’s calendar is pure lunar.

A variety of calendars are used in India. Maharashtra and southern states use Shalivahana Shaka. The northern states use Vikram Samvat. Both of them have same months. In Shalivahan Shaka, new month begins with Shukla Paksha whereas it begins with Krishna Paksha in Vikram Samvat. In short, Amavasya (no moon) is the last day of the month in Shalivahan Shaka whereas Pornima (full moon) is the last day of the month in Vikram Samvat. Subtract ~78 from Gregorian year for Shalivahan Shaka (1936 from today) and add ~56 for Vikram Samvat. There is one more very common calendar which starts from beginning of Kali Yug (3102 BCE). It is called as Yugabda. Add ~3102 in CE to get Yugabda.
Indian National Calendar is Shaka which is similar to Shalivahan Shaka. We must use it in all the Government communication. But we have been taught not to honor our own traditions. We have already forgotten all our “National” things given in the Constitution of India in last 64 years. We hear Indian National Calendar only on Aakashwani Radio station when starts in the morning. But who listens Aakashwani nowadays!!

Saturday 29 March 2014

एक रूपये का डॉलर!!


आप मुझे एक रूपये का डॉलर दो, मैं आपको पॉंच रूपयेका डॉलर देता हॅुं” tea vendor said to me in my office, when I ushered 10 Rupee note. I was amused when I heard this. But we frequently hear this when people erroneously equate coin with dollar. His utterance provoked me to see the history of Indian Rupee.

Rupiya is derived from “Rupe” mean Silver or “Rupa” means image or one can also interpret it as image on silver. Indian Rupee had been silver coin based currency for long. To my surprise, Indian Rupee was equal to US$ until 1947. The first major devaluation of Indian rupee happened in 1949. It is very difficult to pass any judgment on this because I have not studied economics. But it is very evident that international politics forced Nehru to accept this. At the same time, there are varied and exactly opposite views on the merits and demerits of this event. Therefore, I leave it to readers to draw their own inferences.

From 1926 to 1966 Indian rupee was pegged to GBP at Rs. 13.33. The pegging was changed to US$ in 1966 at Rs. 7.56. India gone away with the pegging system slowly during Narasimha Rao’s regime. Today, Indian Rupee is completely market linked and its value is driven by market. It means theoretically GOI or RBI does not control it but practically they do it indirectly. Please see the following table which gives exchange rate with US$. I leave it to readers to draw their own conclusions after going through the data!!  

Year
Exchange Rate $
Devaluation
PM
1947
1
0
Nehru
1950
4.79
379%
Nehru (devaluated  in 1949)
1955
4.79
0%
Nehru
1960
4.77
0%
Nehru
1965
4.78
0%
Nehru (64), Indira (66-77)
1970
7.56
58%
Indira
1975
8.39
11%
Indira, Desai, Charan Singh
1980
7.86
-6%
Indira (80-84)
1985
12.36
57%
Rajiv (84-89), Chandrashekhar, VP Singh
1990
17.5
42%
Narasimha Rao (91-96)
1995
32.42
85%
Gujral, Gowda, Vajpayee
2000
44.94
39%
Vajpayee (98-04)
2005
43.47
-3%
Manmohan Singh
2006
45.19
4%
Manmohan Singh
2007
39.42
-13%
Manmohan Singh
2008
48.88
24%
Manmohan Singh
2009
46.37
-5%
Manmohan Singh
2010
46.21
-0.35%
Manmohan Singh
2013
68
47%
Manmohan Singh
Feb-2014
62.27
-9%
Manmohan Singh

 
One Rupee note is issues by Govt. of India whereas rest of the currency notes are issued by Reserve Bank of India. Indian Rupee has another interesting history. Indian Rupee has been official currency for countries like Seychelles, Kenya, Uganda and Mauritius. Persian Gulf countries like Dubai, Kuwait, Bahrain, Qatar, Muscat, and Oman were using Indian Rupee as their currency till 1959. But, it promoted gold smuggling and put pressure on India’s foreign reserves. Therefore, GOI issued Gulf Rupee exclusively for these countries in 1959. Indian Rupee suddenly devaluated in 1966. As a result these countries started replacing Gulf Rupee with their own currency. Oman replaced it at the end in 1970.