House passes Manipur Regulation of Visitors, Tenants and Migrant Workers Bill 2015 even as five opposition MLAs stage walkout

IMPHAL, March 16: Amid the 18-hour general strike imposed by the JCILPS in the State against the Manipur Regulation of Visitors, Tenants and Migrant Workers Bill 2015 which it says

IMPHAL, March 16: Amid the 18-hour general strike imposed by the JCILPS in the State against the Manipur Regulation of Visitors, Tenants and Migrant Workers Bill 2015 which it says does not meet their demand, the Bill was nonetheless passed amidst little opposition on the last day of the 10th session of the 10th Manipur Legislative Assembly, today.

Meanwhile five opposition MLAs, four from Trinamool Congress, namely, Th Shyamkumar, K Sarat, Dr I Ibohalbi and Kh Joykisan together with one NPF MLA Samuel Risom walked out from the House even as the Bill was being passed by the House. They however were present for the discussions.

Discussing the Bill, L Ibomcha said the word `migrant`™ has been remove from the Bill and there ought not to have been any worry on this as there are also eight separate laws in Labour Department dealing precisely with `migrants`™.

He said there is a lack of closer examination of the clauses, and said this is not an aggression on outsiders. He also said if the Bill is found to have missing or mistaken points, it should be rectified.

Dr Ibohalbi also said that if the Bill is it found different in any way from the one recommended by the All Political Party Committee which examined the issue for five months and also took experts opinion, this too can be rectified later.

He said that ILP was demand by the JCILPS alarmed by the figure of population influx and the threat migrants from neighbouring Myanmar, Bangladesh etc posed to the local population. The intent is to bring in a mechanism to regulate population influx and to keep a tab on the length of the intended stay of the migrants in the state.

He noted that the Bill is confusing in some parts. He suggested these ambiguities can be referred back to the selected committee for rectification but and the Bill after these correction can be pass unanimously in next Assembly.

Th Shyamkumar said that Bill is totally in variance from the one which the people want. He said this being the case, it should not be passed immediately for it is found wanting, it can cause other big problems in the future.

He also expressed the opinion that the Bill should be referred back to the selected committee, otherwise it can be the cause of big disappointments in the future.

Kh Joykisan questioned if the draft Bill is not similar to the introduce Bill what was the meaning of constituting the All Political Party Committee on the implementation of ILP led by Home Minister Gaikhangam, in the first place.

Y Irabot gave suggested the Bill is important as it addresses the concern of increasing population influx into the state from 1878 till today. Briefly summarising the circumstance of the demand for the Bill, he said this population influx is now threatening to marginalise indigenous populations of Manipur therefore the need for the ILP issue was raise in the State.

He said the protection under the Bill can be predicated to the declaration of protected areas of any particular area. This would be like the AFSPA which can be imposed only at place declared as disturbed area.

He said migrant issue has become an issue because of politicians who encouraged migrant populations to enter the state for political gains. This is especially so at Jiribam where today 60 percent of the total population are outsiders.

He said Meghalaya has had to have an amendment of land law because ILP is not vogue in the state. This land law prohibits of land in Meghalaya to be bought by outsiders.

He suggested Manipur to follow suit and think of a land law similar to that of Meghalaya and thereby protect the indigenous population from marginalisation.

Under Article 13 (III) of the Constitution, states can enact law to regulate migrants and therefore such a law will not have to wait for the assent of the Centre.

Replying to the questions by the member of House, the Chief Minister and leaders of the House, Okram Ibobi Singh, said this Bill touches all the recommendations of the All Political Parties`™ Committee. He also said almost 50 to 75 percent of the demands of the JCILPS`™ demands are also included.

He further said that the discussions can a lot of time and if there are no serious objections, the Bill should be passed. If the House fails to do this, he said the people of Manipur will alleged that government is playing delaying tactics on the question of ILP implementation.

However said if the Bill is founds to be not practical, the House can consider amendments in further sessions, Ibobi said.

He said most of the demands of the JCILPS are included except for the demand for the cut off year of 1951 to decide on who is a migrant. He said deciding 1951 as the base year is not in the purview of state government but under the central government.

On the question of prohibiting land transfers to non-indigenous populations, the matter needs more deliberations, he said.

Later, he appealed to the House to pass the Manipur Regulation of Visitors, Tenants and Migrant Workers Bill 2015 unanimously by the House.

As the Speaker was processing the passing of the bill, the five opposition MLAs staged the walk out from the Houses.

Read more / Original news source: http://kanglaonline.com/2015/03/house-passes-manipur-regulation-of-visitors-tenants-and-migrant-workers-bill-2015-even-as-five-opposition-mlas-stage-walkout/

BRTF starts Irang Bridge repairing works

IMPHAL, March 16: BRTF has started repairing and maintenance work of the Bridge over Irang River along NH-37 (Imphal-Jiribam Road) from today onwards. Process has also been started to repair

IMPHAL, March 16: BRTF has started repairing and maintenance work of the Bridge over Irang River along NH-37 (Imphal-Jiribam Road) from today onwards.

Process has also been started to repair the 17 km long road stretch along Awangkhul to Irang Bridge.

Commanding officer (CO), 765 Border Roads Task Force (BRTF) had notified earlier that the movement of all types of vehicles en route towards Jiribam from Imphal and vice verse shall be restricted for consecutive three days w.e.f March 16 to 18, in view of the said works.

A team led by Highway Truck Owners Welfare Organization (HITOWO) general secretary Laishram Ratan Khuman and publicity secretary Konthoujam Brojen Singh inspected the work site today.

Speaking to IFP at the work site at Irang Bridge, officer-in-charge of None, 83 RCC/BRTF said the bridge can take the weight of a 15 tons truck.

However, the trucks plying on this roads weight in between 20 to 30 tons.

Besides these trucks, as the railway construction is going on, trucks carrying load of more than 30 tons crosses this bridge frequently these days, he said.

Because of all this, the bridge is now in a worst condition, he added.

He said the panel lock of this, 140 feet long bridge is broken and so the iron plates which is placed on top of it is moving loosely.

It is extremely risky to continue using this bridge so the repairing work had to be started, he said while informing that around 15 labourers are being engaged in the work.

He also had a brief chat with the visiting HITOWO team.

Further, the HITOWO team also met the second-in-command of 83 RCC, Ram Prakash Gupta at his office at None, where they urged the officer to repair the road stretch from Awangkhul to Irang Bridge before rainy season.

The officer replied that they have written a letter to section Rs 589.04 lakh to 765 BRTF along with the detail estimate to repair the said road stretch on September 29 last.

The officer also informed that the answers to the queries of HQ 83 RCC/GREF, None had also been sent on March 16.

He said the road will be repaired with 7.5 cm thick WBM and 7.5 cm thick black topping.

The process for the tender has been started, he said while adding that the work will be started as soon as they revived the sanction.

Read more / Original news source: http://kanglaonline.com/2015/03/brtf-starts-irang-bridge-repairing-works/

House strongly condemn the Khwairamband bomb blast

IMPHAL, March 16: Congress party MLA Nongthombam Biren asked how it was possible for a bomb blast to occur at Khwairamband killing innocent people after the state Home Department had

IMPHAL, March 16: Congress party MLA Nongthombam Biren asked how it was possible for a bomb blast to occur at Khwairamband killing innocent people after the state Home Department had claimed there were no security lapses in Imphal city.

Taking in a short duration discussion Biren along with RK Anand and Ng Bijoy raised a discussion on the panic situation in the aftermath of the recent bomb blast that left three people dead and over 20 injured.

Biren contradicted the Home Department`™s claim and said this is a proof of a serious security lapse and if it continues this could lead to the re-imposition of the AFSPA in the Imphal municipal area.

He also said targeting non local and innocent people in Imphal City could have been masterminded by sinister elements to recall the AFSPA in Imphal area.

He said it is very unfortunate that none has been booked and punished for such bomb blasts till today, and this is a surprise as two thirds of the total strength of the Home department is deployed in Imphal East and Imphal West district.

He also blasted the fact that the CCTVs installed in Imphal city are not functional. If the CCTVs were functioning, the culprit would have been indentified by now he said. He expressed surprise that the CCTVs have been allowed to remain unrepaired for so long, and hinted that the Home Department is taking advantage of the fact that it is exempted from RTI purview.

He further said there was a time when super cops in the state were so through with their responsibilities that they were able to arrest law breakers in Imphal city almost immediately. Where have all these cops gone, why they are not utilised? he further asked. We need a special police team led by an IPS office to investigate the incident, he suggested.

In his reply to MLA Biren`™s arguments, Home Minister Gaikhangam said that in last decade, violence by insurgents had reduce a lots but since the two years a new bomb culture and crime against women has risen in the state.

He further said that after the Khwairamband incident a security arrangement review was held at the level of combine Head Quarter under the Chairmanship of Chief Minister.

The meeting resolved for an increase in police frisking and checking in the city area. Even though it may inconvenience women vendors to be kept on constant vigil, full functioning of CCTV camera in the Imphal city, around the clock bike patrolling and mass operation etc will commence shortly he said.

Police officers also did their duty properly and if we do not encourage them their morale might slip, he said.

He said there is a positive angle to the story and this is the voice of the people against such crimes of killing innocent people.

The police has arrested the culprits behind the Uripok blast, and they are investigating the Khwairamband blast intensely, and have already got some valuable inputs and clues, but these cannot be openly declared as yet as the investigations are still under process. After the investigation concludes, the report will be made public said Gaikhangam.

The August House then expressed strong condemnation to the barbaric of killing of innocent people.

Read more / Original news source: http://kanglaonline.com/2015/03/house-strongly-condemn-the-khwairamband-bomb-blast/

How can we salvage the Manipur State Legislative Assembly? – The Sangai Express

The Sangai ExpressHow can we salvage the Manipur State Legislative Assembly?The Sangai ExpressThe worst part is that they have done it not due to ignorance or lack of knowledge but due to their timidity and cowardice without thinking for the future of …


The Sangai Express

How can we salvage the Manipur State Legislative Assembly?
The Sangai Express
The worst part is that they have done it not due to ignorance or lack of knowledge but due to their timidity and cowardice without thinking for the future of our young generation of Manipur. This Bill is found quite contrary to what the people want
Strike in Manipur hits normal lifeMid-Day
ILP-type bill tabled in Manipur assemblyTimes of India
Ibobi tables MRVT Bill in Manipur AssemblyNagaland Post
KanglaOnline
all 28 news articles »

Read more / Original news source: http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNHUk-pJo8aoL54vTzTJkmmYGoF4Kw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778769738863&ei=_UEHVYnQHKbH8wGk2IGYDw&url=http://www.thesangaiexpress.com/page/items/49539/how-can-we-salvage-the-manipur-state-legislative-assembly

Six months of putting stops: How I learned trading

By Seine Yumnam In the winter of 2013, I was offered an externship opportunity at Cheevers & Company, a small woman-owned brokerage firm at CBOE. I got it through one

By Seine Yumnam

In the winter of 2013, I was offered an externship opportunity at Cheevers & Company, a small woman-owned brokerage firm at CBOE. I got it through one of our Wabash alumni, John Castro. I walked into their office and John started describing the buy side and the sell side. I had no clue whatsoever what that meant. I had just finished my first semester of my freshman year and John did not know I had only taken Economics 101 and had no familiarity with the market. But the words `buy side` and the `sell side` sounded interesting. I asked John, `So the buy side buys stocks and the sell side sell stocks?` It was only then John understood where I was in terms of market knowledge.

One week into the externship, I was already writing buy and sell tickets for John for his institutional clients. He saw my confidence and eagerness to take on anything related to the market and he gave all he could. Every day when the market opened, one of the brokers would ring a bell and the conversation would start and orders would start coming in. The morning markets could be unpredictable, with high openings and low openings coming at random points of time. This random nature of the numbers that I heard every day in the office intrigued me. Why? Having brought up in a small state of India with repeated issues of cease-fire and insurgencies, uncertainty was a part of our life-style. Life was a random walk. We never knew when the next bomb would blow up, just like we never know when the market would drop 10% overnight. The only thing that was certain in our life was uncertainty. I am sure you hear this very often when referring to the market.

John and the other brokers in the office also taught me about technical analysis and fundamental analysis. Again, I had no clue what they were. All I knew was that technical analysis involves lines, graphs, and something called candles. I was told that traders who use technical analysis make their decision based on what they see. While fundamental analysis involved reading 60 pages of SEC filings and ultimately trying to analyze it. Because I have always enjoyed sketching and painting cartoons and sceneries (though I was an average in it), I was interested in trading based on what I saw. My visual senses are the most appealing ones to me, given my myopic eye condition.

I started reading some technical analysis books. Investopedia was the first online resources that I came across. I drilled it until there was nothing left to pump. I started looking at charts at Yahoo Finance and drawing imaginary trend lines, support, and resistance and said to myself `if I buy at this support area is and sell at this resistance areas, I would make 20% return. How easy!` Yes, I thought it was easy and we all know it is not.

After learning these technical analysis methods, I was pumped to trade real money. But being a poor college kid, I couldn`™t. The only choice left was to paper trade. So, I signed up at market watch to start paper trading and guess what, I did not care what I was doing. I was not applying any of the technical analysis techniques that I learned reading all those books. Then I said to myself, `maybe I need to participate in a competition so that I will at least have the urge to win. Ah! Then I will use the technical skills I have.`

I signed up for a Trading competition for college students. It`™s organized by Upgrade Capital. We were given 10K and were allowed to trade stocks, ETFs, and currencies. I was excited and prepared. The day before the competition began, I said down all night pre-determining what trades to put on. I looked up stocks that had falling wedge breakout to buy and rising wedge breakdown to short. The next day, I woke up without much sleep and immediately started putting the trade I planned to put.

A couple of days had passed and the stock that I bought kept falling and the stock I sold kept rising. I said to myself, `Wait a minute; I did exactly what the technical analysis textbooks told me to do. I am right. The market is wrong.` I kept finding reason to support my analysis and reject the reality. The next thing I did was to go to marketwatch.com, type the symbol in, and look for market sentiment based on tweets. They all had the same `sentiment` that I had. 160 tweets say I am right but the market is not acting right. Isn`™t this what most new traders think when it comes to buying and selling stocks? For me it was.

Having terribly failed in the competition, I text John in the summer of 2014 and told him `John, I want to learn how to actually trade. I have two more months left before the semester starts and after these two months I want to be able to trade profitably.` John, being a man who is always willing to help this hungry boy, connected me to a trader. His was Tim Fligg.

I went to Chicago after finishing up my two months long internship in Michigan and met Tim. He said we would meet two days in a week. The first time we met, he gave a list of books I should read. But the truth was that I have already read all the books he just told me to read and yet I did not know how to trade. I didn`™t tell this to him. I said I would read them and we finished the conversation for the day. The second time we met, he showed me his track record which he uploaded in his website every week and it completely blew my mind. He had double digits gain every single month and I said `if the books he gave me made him this good in trading, what is inherently wrong with me. Is a good trader born as a good trader?`

The weekend after we met for the second time, he said he had something big coming up and he wanted me to be a part of it. It was a competition called Battlefin 7.0, also known as the Hedge Fund Hunger game. The competition had three categories for different levels of fund managers and Tim had already won the first category. So, this time, he was going to compete in the second category.

He said I should be the risk manager for this competition. I said `of course` knowing nothing about what risk management is. We were to use the Interactive Brokers platform and he showed me how the platform works. He did not tell me why he was buying a stock or selling. The only thing he told me was this, `For this trade, I am risking 3% of my account. The current price is at 98 and my stop is at 85.`

For three months before the competition began, he gave me training on how to put the stops in his own account. He was generous and trusted me in doing so and I was not the person to let him down. I was active and disciplined in doing what he told me to do. Every other day he would send me an excel file with all the stops for each position he had in his portfolio and I would just copy it and paste it. I knew that this was the price level he would sell the stock or buy back the shorted stock at if the market turns against him.

I did this same thing again and again before and during the competition for six months. We were doing very well with the portfolio. By using the stops, we were able to get out of the stocks that failed to meet our expectation without building up too much loss. By continuously trailing the stop we were able to protect our profits on the stocks that met our expectation (long or short).

It took me six months to realize the fact that technical analysis is not a money making machine. It is a method to put the odds in our favour. If we have 70% of winning, we still have 30% of losing in the game. The only way to bet on these odds was to take the calculated risk which is done by putting the stop. The risk is the cost we would pay if we lose the game.

I have started to make my own trading decisions using my family friend`™s account. The first thing that comes to my mind when I get a buy signal from a stock or an ETF is `where is the STOP LOSS.` The exit price level is more important to me than the entry price level. Because the money I am trading is not my own, I limit the risk to 1% of the portfolio on any given position. If the stop is way below my entry price, I will probably ignore the trade. I could put on the trade with smaller position size but it won`™t be worth it. If a position size of only 10 or 20 shares meet my risk limit, then I would definitely ignore the trade. I want at least 50 shares in each position.

`Where do I exit if I am wrong?` is the first question I ask before I put on any trade. Thanks to Tim Fligg for the training he provided to me. I am not sure if he intended to teach me this concept but I have learned it. Six months of just putting stop loss has burned this concept into my brain.

`Nurture trumps nature.` If you are a fan of Michael Covel, you will know where I got this quote from.

Read more / Original news source: http://kanglaonline.com/2015/03/six-months-of-putting-stops-how-i-learned-trading/

Regulate Not Shut Off

The uncertainty over the question of introducing a legal mechanism for regulating the inflow of migrants into Manipur it seems is unlikely to be put to rest anytime soon. A

The uncertainty over the question of introducing a legal mechanism for regulating the inflow of migrants into Manipur it seems is unlikely to be put to rest anytime soon. A Bill had been table in the Assembly on the matter, but it seems the civil body spearheading the agitation for its introduction, the JCILPS (Joint Committee on Inner Line Permit System) will not have any of it, saying it is too mild and cannot achieve the objective of stopping influx of population from outside into the state, thereby threatening demographic marginalisation of the original population of the state. This is a very tricky situation and calls for everybody to sit back and reconsider and reassess the whole question once again. The important thing to be kept in mind at this juncture very obviously should be, is it regulation or complete shutting off of immigration that we are looking for? We for one think the need is for the former and we will explain why in the following few paragraphs this column permits.

But first, let us consider these words from a civil servant in the critical years of the early 20th Century who dedicated an entire career in the Northeast, Nari Rushtomji, in his book `Imperilled Frontiers` on why a regulatory mechanism is necessary not just of immigration but of development as such. For many of these small communities, he says, even the arrival of a few families of outsiders can be unsettling. Rushtomji who watched helplessly and with dismay the reduction of the Lepchas and Bhutias into a hopeless minority in the face of an unprecedented influx of Nepali population into Sikkim in the mid 20th Century, generalised his sentiment in these words: `There are communities, however, that have suffered tragically, and beyond redemption, from well-intentioned attempts to reform them overnight. `While, therefore, no community can remain static and while change is an imperative for a community`s healthy growth and development, it has to be ensured that the pace of change is adjusted to the community`s capacity to absorb such change without detriment to its inherent organism and essential values.` He also observes in the same book that the apprehension of cultural aggression `has been at the root of the unrest on India`s north-eastern frontiers since the British withdrawal.` These are the words of somebody who understood the Northeast and empathised with its concerns, and they need to be noted. These words also imply that just as change is inevitable, so also population movements. The caution however is, these changes must be at a pace the local populations can absorb, therefore the need for regulatory mechanisms.

Regulation and why not complete halt? Without going into the arguments of Constitutional hurdles, or those of national as well as international laws, many obvious and overwhelming practical problems can be anticipated if a complete shutting off of immigrants is to be envisaged. First of these is the possibility of internal strife in the state. If as the JCILPS demands, the cut off year for declaring a resident as non local were to be fixed at 1951, there would be many small tribes in the southern and eastern districts who would also end up excluded. It must be noted that population movements into the state is happening from the east too. But this happens at a glacial pace, so as Rushtomji insightfully surmised these migrants have been absorbed into the local social organism and indigenised. If however extremist sentiments prevail and 1951 is pushed, there would be ethnic troubles. We need only to recall the deadly Kuki-Naga conflict of the 1990s for evidence. The next argument follows from this. The population movement from the west has been a matter of alarm because of its pace and number. If regulated, they too can cause no threat, and ultimately would also be indigenised. This has been happening throughout the state`™s history. Islam and Hinduism for instance came in and indigenised this way. And this is good. Regulated immigration refreshes ideas, technologies, genes and in the end all these strengthen and make the society more resilient. The most creative societies in the world are those which followed this principle of encouraging the indigenisation of immigrants. Singapore and the USA are two examples. Likewise Manipur had evolved into an extraordinarily creative society because of absorption of skills and ideas which came its way through history. Isn`™t it a wonder that in complete isolation, from antiquity Manipur knew wheel, bullock cart, plough pulled by harnessed bulls, blacksmiths, goldsmiths… All this could not have happened if it was not open to inflow of ideas and skills, some acquired by travellers, some brought in by immigrants and some original inventions. Manipur was always a melting pot of ideas, skills, ethnicities… It must continue to be so, but at a pace which will not upset the inherent indigenous integrity of the place. It must also be noted that insistence on 1951 cut off was what undid the Assam Agitation in the 1980s.

Leader Writer: Pradip Phanjoubam

Read more / Original news source: http://kanglaonline.com/2015/03/regulate-not-shut-off/

Strike in Manipur hits normal life – Business Standard

Strike in Manipur hits normal life
Business Standard
Normal life was today affected due to the 18-hour ‘general strike’ which began from midnight last, called by a local committee in protest against a bill introduced by Manipur government in the Assembly. A spokesman of the Joint Committee on Inner Line …
ILP-type bill tabled in Manipur assemblyTimes of India
Chief Minister Okram Ibobi introduces Manipur Regulation of Visitors, Tenants KanglaOnline
JCILPS calls 18-hour strike in ManipurAssam Tribune
E-Pao.net
all 22 news articles »

Strike in Manipur hits normal life
Business Standard
Normal life was today affected due to the 18-hour 'general strike' which began from midnight last, called by a local committee in protest against a bill introduced by Manipur government in the Assembly. A spokesman of the Joint Committee on Inner Line …
ILP-type bill tabled in Manipur assemblyTimes of India
Chief Minister Okram Ibobi introduces Manipur Regulation of Visitors, Tenants KanglaOnline
JCILPS calls 18-hour strike in ManipurAssam Tribune
E-Pao.net
all 22 news articles »

Read more / Original news source: http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNE4bJ-kvEf5ynJpl8LDpr4njboWdA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778769738863&ei=kpsGVfClA6vt8wHKu4HIDg&url=http://www.business-standard.com/article/pti-stories/strike-in-manipur-hits-normal-life-115031600192_1.html