MONETARY AND FINANCIAL CONDITIONS: HONG KONG

June 8, 2009 at 12:14 pm | In Asia, Financial, History, Research | Leave a Comment

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HKMA News Update

(Press Releases) – 8 Jun 2009

HONG KONG MONETARY AUTHORITY

News@hkma.gov.hk

Mon 6/08/09

The following has been uploaded on the HKMA website:

News Update: 8 Jun 2009

Exchange Fund Notes Tender Result
http://www.info.gov.hk/hkma/eng/press/2009/20090608e3_index.htm

Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released
http://www.info.gov.hk/hkma/eng/press/2009/20090608e4_index.htm

For more information, please visit the homepage of the Hong Kong Monetary Authority at http://www.hkma.gov.hk

Hong Kong Monetary Authority

If you encounter any technical questions, please send an e-mail to
webmaster@hkma.gov.hk

HKMA News Update(Press Releases) –

8 Jun 2009

HONG KONG MONETARY AUTHORITY

News@hkma.gov.hk

Mon 6/08/09

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THAILAND EXCHANGE RATES: BANK OF THAILAND

May 20, 2009 at 8:22 am | In Asia, Economics, Financial, Research | Leave a Comment

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E-newsletter from BOT As of 20 May 2009

botinfo@bot.or.th

Daily Foreign Exchange Rates

Wed 5/20/09

Dear Member,

Enclosed is the latest information on 20 May 2009 12:21

1. Daily Foreign Exchange Rates

- http://www.bot.or.th/Thai/Statistics/FinancialMarkets/ExchangeRate/ExchangeRate_EN_PDF/ER_PDF_19052009.pdf

Contact the manager SurachiR@bot.or.th;Chawanra@bot.or.th;Anchalet@bot.or.th

Any suggestions over problems occurred, please contact BOTWebSiteMgr@bot.or.th or service managers

E-newsletter from BOT As of 20 May 2009

botinfo@bot.or.th

Daily Foreign Exchange Rates

Wed 5/20/09

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CHINESE COALS

May 3, 2009 at 11:47 pm | In Asia, China, Development, Oil & Gas, Research, Science & Technology | Leave a Comment

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American Chemical Society

1155 Sixteenth Street N.W.,
Washington, DC 20036 USA
(800) 227-5558 | (202) 872-4600

American Chemical Society

ACS e-Alerts Service

New articles for Energy & Fuels are available online

ACS e-Alerts Service (journalalerts@acs.org) ‏

Sat 5/02/09

Extraction of Organonitrogen Compounds from Five Chinese Coals with Methanol

Xian-Yong Wei, Xiao-Hua Wang, and Zhi-Min Zong

Publication Date (Web): 20 Apr 2009 (Communication)

DOI: 10.1021/ef900086h

Full Text HTML | PDF w/ Links | Hi-Res PDF | Abstract

Online Emissions from a Vibrating Roller Using an Ethanol−Diesel Blend during a Railway Construction

O. Armas, M. Lapuerta, C. Mata, and D. Prez

Publication Date (Web): 1 May 2009 (Article)

DOI: 10.1021/ef900148c

Full Text HTML | PDF w/ Links | Hi-Res PDF | Abstract

Performance and Emission Characteristics of a Spark-Ignition (SI) Hydrogen-Enriched Compressed Natural Gas (HCNG) Engine Under Various Operating Conditions Including Idle Conditions

Fanhua Ma, Shangfen Ding, Yefu Wang, Mingyue Wang, Long Jiang, Nashay Naeve, and Shuli Zhao

Publication Date (Web): 1 May 2009 (Article)

DOI: 10.1021/ef900144s

Full Text HTML | PDF w/ Links | Hi-Res PDF | Abstract

American Chemical Society (ACS)

ACS Publications

American Chemical Society

1155 Sixteenth Street N.W.,
Washington, DC 20036 USA
(800) 227-5558 | (202) 872-4600

American Chemical Society

New articles for Energy & Fuels are available online

ACS e-Alerts Service (journalalerts@acs.org) ‏

Sat 5/02/09

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KOREA IN THE GLOBAL CRISIS

April 27, 2009 at 11:24 pm | In Asia, Development, Economics, Financial, Globalization, Research, World-system | Leave a Comment

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For more information on KEI’s upcoming events and publications, please visit our website at www.keia.org.

The Korea Economic Institute cordially invites you to attend:

KOREA FOR SALE?

The Global Financial Crisis and the Systemic Risks

in the Korean Banking Sector

A Luncheon Presentation By:

Dr. Myung-koo Kang
Claremont McKenna College


A light lunch will be served
RSVPs Required

Since World War II, the current global financial crisis has been unmatched in its scope and depth of negative impacts on the global economy. Advanced economies are going through the deepest recession since World War II, and the crisis is spilling over to emerging and developing countries. In his paper, Dr. Kang argues that, despite the Korean government’s tremendous achievement in transforming the country’s depressed financial markets into more globalized and open ones, the financial deregulation measures pursued by the government for the past decade have increased the vulnerability of the Korean banking sector to external shocks. He posits that we need a new regulatory framework at both the global and national levels to monitor and minimize the systemic risks, although such risks cannot be completely prevented, and that it has to be done in a swift way. Please join KEI for this lunchtime program where Dr. Kang will discuss currency depreciation, outflow of foreign portfolio investments from the Korean stock market, reasons for the increasing short-term debt in the banking sector, and policy implications of all of the above. Dr. Kang’s presentation will be followed by an open roundtable discussion.

Tuesday, May 5, 2009
12:00 p.m. to 1:30 p.m.
KEI Conference Facility
1800 K Street, Suite 1010

To RSVP for this event, please click here.

Dr. Kang’s paper is the twenty-fifth in KEI’s Academic Paper Series, which began in December 2006. As part of this program, KEI commissions and distributes 9 to 10 papers per year on original subjects of current interest to Korea watchers to over 2,000 government officials, think tank experts, and scholars around the United States and the world. A public discussion at KEI with the author generally follows in conjunction with distribution.  At the end of the year these papers are complied and published in On Korea.  Volume 2 of On Korea was published in February 2009.  To order a hard copy of On Korea, please e-mail publication@keia.org.

Korea Economic Institute

1800 K St. NW Suite 1010 Washington DC 20006

KEI Academic Paper Event with Dr. Myung-koo Kang

“Korea for Sale” May 5‏

on behalf of Korea Economic Institute (events@keia.org)

www.keia.org

Mon 4/27/09

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EXCHANGE RATES: THAILAND

April 21, 2009 at 9:13 am | In Asia, Financial, Globalization, Research | Leave a Comment

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E-newsletter from BOT As of 21 Apr 2009

BANK OF THAILAND (BOT)

botinfo@bot.or.th

Tue 4/21/09

Dear Member

Enclosed is the latest information on 21 Apr 2009

1. Daily Foreign Exchange Rates:

http://www.bot.or.th/Thai/Statistics/FinancialMarkets/ExchangeRate/ExchangeRate_EN_PDF/ER_PDF_20042009.pdf

Contact the manager

SurachiR@bot.or.th;Chawanra@bot.or.th;Anchalet@bot.or.th

Suggestions

Any suggestions over problems occurred, please contact BOTWebSiteMgr@bot.or.th or service managers

E-newsletter from BOT As of 21 Apr 2009

botinfo@bot.or.th

http://www.bot.or.th/Thai/Statistics/FinancialMarkets/ExchangeRate/ExchangeRate_EN_PDF/ER_PDF_20042009.pdf

Tue 4/21/09

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WORLD WATER MANAGEMENT: CENTRAL ASIA

April 20, 2009 at 10:56 pm | In Asia, Development, Earth | Leave a Comment

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UN SEMINAR EXPLORES WATER

MANAGEMENT IN CENTRAL ASIA‏

New York Apr 20 2009

on behalf of UNNews (UNNews@un.org)

Mon 4/20/09

UN SEMINAR EXPLORES WATER MANAGEMENT IN

CENTRAL ASIA‏

A United Nations gathering underway in the Kazakh city, Almaty, has drawn dozens of experts and representatives of Central Asian nations to examine how to boost water management in the region.

Organized by the UN Regional Centre for Preventive Diplomacy for Central Asia (UNRCCA) and the UN Economic Commission for Europe (ECE), the three-day seminar will examine existing UN conventions in the area of water and environment, including the UN Convention on the Protection and Use of Transboundary Watercourses and International Lakes.

The event, which began yesterday, will also review best practices in negotiating cooperative transboundary water agreements.

“This practical knowledge will come very handy for experts from Central Asian countries who are involved in a search for a long-term sustainable negotiated solution to the problems with water and associated resource management issues in the region,” Miroslav Jenca, the Secretary-General’s Special Representative and head of UNRCCA, said in opening marks this morning.

He expressed hope that the gathering will help the region’s nations “reach sustainable and mutually beneficial arrangements in the area of water and energy.”

The UNRCCA, in Ashgabat, Turkmenistan, was set up in 2007 to help the countries of the region respond more proactively to cross-border challenges and threats, such as terrorism, drug trafficking, organized crime and environmental degradation, before they become costlier and more difficult to control.

According to the Department of Political Affairs (”http://www.un.org/depts/dpa/index.html“DPA), the centre is tasked with assisting Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan “in building capacities to peacefully prevent conflict, in facilitating dialogue, and in catalyzing international support behind projects and initiatives.”

Apr 20 2009

For more details go to UN News Centre at http://www.un.org/news

UN SEMINAR EXPLORES WATER MANAGEMENT IN CENTRAL ASIA

New York Apr 20 2009

http://www.un.org/news

on behalf of UNNews (UNNews@un.org)

UN News Centre

Mon 4/20/09

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“PANIHARI: THE WATER WOMEN OF INDIA”

March 27, 2009 at 3:02 pm | In Art, Asia, Development, Economics, Film, Financial, History, India | Leave a Comment

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Panihari: The Water Women of India (2006)

Director: inc choices

Editorial Reviews

BoxOffice Magazine - March 30th, 2006

“A compassionate, beautiful film.”

Product Description

Indian-American filmmakers Abi Devan and Sudhi Rajagopal return to their homeland to document life in the desert communities of Rajasthan. Their journey leads them to the Panihari (women who fetch water). The film centers around one woman, Paru, a shoemaker’s wife, as she struggles against nature and society to attain self-reliance for her family and herself. Paru’s story coveys the richness and complexity of desert life as well as the extreme obstacles women in India still face today. Vibrant imagery, music, and folklore combine to paint a vivid picture of life as a Panihari. Includes Directors’ Commentary, Photo Gallery, and Guidebook.

Product Details:

  • Directors: inc choices

  • Format: Color, Dubbed, DVD-Video, Subtitled, NTSC

  • Language: English

  • Region: Region 1 (U.S. and Canada only.

  • Aspect Ratio: 1.85:1

  • Number of discs: 1

  • Rating: not rated

  • Studio: Choices, Inc.

  • DVD Release Date: January 1, 2006

  • Run Time: 30 minutes

Panihari: The Water Women of India (2006)

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BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 30: ASIA AND THE GLOBAL FINANCIAL CRISIS

March 17, 2009 at 5:26 pm | In Asia, Economics, Financial, Globalization, Research | Leave a Comment

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BIS Review

Bank for International Settlements

BIS Review No 30 available‏

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

Tue 3/17/09

Please find BIS Review No 30 attached as an Adobe Acrobat (PDF) file.

Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 30 (17 March 2009)

Jean-Claude Trichet: Europe – cultural identity – cultural diversity

Ardian Fullani: Albania’s economy against the background of global developments

Ewart S Williams: The paradoxes inherent in the role of central banks – the case of the Central Bank of Trinidad and Tobago

Gertrude Tumpel-Gugerell: The Quest for the Holy Grail? – European financial integration – achievements and hurdles

Heng Swee Keat: The impact of the global financial crisis on Asia

please e-mail press.service@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 30 available

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

http://www.bis.org/review/index.htm

Tue 3/17/09

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PAKISTAN AND DANIYAL MUEENUDDIN’S BOOK “IN OTHER ROOMS OTHER WONDERS”

March 11, 2009 at 3:26 am | In Asia, Books, Economics, Financial, History, Islam, Literary, Third World | Leave a Comment

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Daniyal Mueenuddin, the Pakistan-based author of the current book In Other Rooms, Other Wonders, mentions various aspects of Pakistani life such as “qabzi” land grab mafias, “qom” or lineages, and the “Arian” caste (also Aryian).

In Other Rooms, Other Wonders

by Daniyal Mueenuddin (Author)

Editorial Reviews

From The Washington Post

Because of Salman Rushdie, Arundhati Roy and Rohinton Mistry, to mention just a few of the most prominent authors, American readers have long been able to enjoy one terrific Indian novel after another. But Daniyal Mueenuddin’s In Other Rooms, Other Wonders is likely to be the first widely read book by a Pakistani writer. Mueenuddin spent his early childhood in Pakistan, then lived in the United States — he attended Dartmouth and Yale — and has since returned to his father’s homeland, where he and his wife now manage a farm in Khanpur. These connected stories show us what life is like for both the rich and the desperately poor in Mueenuddin’s country, and the result is a kind of miniaturized Pakistani “human comedy.” In the original Comédie humaine, Balzac had the ingenious notion of tying his various novels together by using recurrent characters. Eugène de Rastignac is the protagonist of Le Père Goriot but is subsequently glimpsed in passing or sometimes just referred to in several other books. In like fashion, Mueenuddin interlaces eight stories, while also linking them to the household of a wealthy and self-satisfied landowner named K.K. Harouni. In “Saleema,” for instance, Harouni’s elderly valet, Rafik, falls into a heartbreaking affair with a young maidservant, and we remember this, with a catch in our throat, when in another story we see him bring in two glasses of whiskey on a silver tray. In “Our Lady of Paris,” we discover that Harouni’s nephew is madly in love with a young American woman named Helen; later on, we discover that he is married — to an American named Sonya. Many of Mueenuddin’s stories conform to a common dynamic: We learn about a character’s past, then zero in on the central crisis of his or her life and, even while we expect more development, suddenly find everything wound up in a paragraph or two: “The next day two men loaded the trunks onto a horse-drawn cart and carried them away to the Old City.” (Flaubert or Chekhov might have written that.) In other instances, even so minimal a resolution remains cloudy: Mueenuddin just stops, having given us all that we need to know about the future or lack of future in a love affair or a marriage. The epigraph to In Other Rooms, Other Wonders is a Punjabi proverb: “Three things for which we kill — Land, women and gold.” Throughout the book the Harounis are gradually selling off their ancestral lands to pay for business losses and a Eurotrash lifestyle. (Two of the patriarch’s three daughters reside in Paris and London.) Nearly everyone in the book is more or less corrupt. In “Provide, Provide” we learn of the machinations of Jaglani, the manager of K.K. Harouni’s estates in the Southern Punjab. When Jaglani “would receive a brief telegram, NEED FIFTY THOUSAND IMMEDIATELY,” he would “sell the land at half price, the choice pieces to himself, putting it in the names of his servants and relatives. He sold to the other managers, to his friends, to political allies. Everyone got a piece of the quick dispersion. He took a commission on each sale.” But even the immensely shrewd and politically powerful Jaglani has his weakness. He begins to sleep with his driver’s sister, a young woman he employs to cook and clean for him: “Finally he could not deny to himself that he had fallen in love, for the first time in his life. He even acknowledged her aloof coldness, the possibility that she would mar his life. And yet he felt that he had risen so far, had become invulnerable to the judgments of those around him, had become preeminent in this area by the river Indus, and now he deserved to make this mistake, for once not to make a calculated choice, but to surrender to his desire.” In Mueenuddin’s Pakistan, happiness is usually short-lived. Jaglani’s beloved develops a urinary-tract infection, then discovers she cannot bear children. A man finally achieves success, only to be diagnosed with cancer. When a party girl resolves to change her life, she discovers how hard it is to be virtuous. On every page there are wonderful, surprising observations and details: A judge says of his wife that “you need only see her disjoint a roast chicken to know the depths or heights of her carnality.” The rich young Sohail Harouni suddenly recites from memory some poetry by James Merrill. An old caretaker builds a wooden cubicle that can be dismantled and simply carted away whenever he needs to move. In every instance, Mueenuddin convincingly captures the mindset or speech of any class, from the hardworking Nawab, a roustabout electrician with 11 daughters, to the flamboyantly decadent Mino, who imports tons of sand to his country estate for a “Night of the Tsunami” party. But my favorite character is the mysterious judicial clerk Mian Sarkar: “There is nothing connected with the courts of Lahore that he has not absorbed, for knowledge in this degree of detail can only be obtained by osmosis. Everything about the private lives of the judges, and of the staff, down to the lowest sweeper, is to him incidental knowledge. He knows the verdicts of the cases before they have been written, before they even have been conceived. He sees the city panoptically, simultaneously, and if he does not disclose the method and the motive and the culprit responsible for each crime, it is only because he is more powerful if he does not do so.” Mian Sarkar — half Sherlock Holmes, half Jeeves — actually functions as a detective in “About a Burning Girl,” and the result is the most light-hearted of Mueenuddin’s stories. I was only sorry that he didn’t include more about this “man of secret powers.” Maybe he will in his next book. As should be clear, In Other Rooms, Other Wonders is a collection full of pleasures. I saw only a single improbability in it: At one point, a gorgeous young wife grows dissatisfied with her hard-working and high-minded husband’s routine love-making. So she dons a pair of stockings and a garter belt and, otherwise naked, lies fetchingly in their candle-lit bedroom. The husband comes in, glances at her and says, “So that’s how you wear those!” and then begins to trim a broken fingernail and talk about a problem on the farm. Not even a Princeton graduate, which he is, could be quite such a moron. .

Review

A stunning achievement….Such is its the page. —Mohsin Hamid, author of The Reluctant Fundamentalist

Daniyal Mueenuddin takes us into a sumptuously created world, peopled with characters who are both irresistible and compellingly human. His stories unfold with the authenticity and resolute momentum of timeless classics. —Manil Suri

Under Daniyal Mueenuddin’s gaze, Pakistan is lit up as though by a lightning flash, clear, sharp-edged. This is a debut as auspicious as something arresting, beautiful, or wise (as opposed to clever) on every single page. I can remarkable, I admire it so deeply. –Nadeem Aslam

Under Daniyal Mueenuddin’s gaze, Pakistan is lit up as though by a lightning flash, clear, sharp-edged. This is a debut as auspicious as something arresting, beautiful, or wise (as opposed to clever) on every single page. I can remarkable, I admire it so deeply. –Nadeem Aslam

Product Details:

  • Hardcover: 256 pages

  • Publisher: W.W. Norton & Co.; 1 edition

  • February 1, 2009

  • Language: English

  • ISBN-10: 0393068005

  • ISBN-13: 978-0393068009

Arain

The Arain, are an agricultural[1] caste[2] settled mainly in the Punjab[3][4] (India andPakistan), with significant numbers also in the Sindh[5] (Pakistan). They are chiefly associated with farming,[6][7] traditionally being small landowners or zamindars.[8][9]

Origin

Arains are arguably descendants of Arab invaders to the sub-continent, though some people believe that the Arains are native to the northern areas of the Sub-Continent. They purport to have come from Areeha (Jericho, Syria) which is now in Palestine. Reference to their linage is made by Akbar Shah Khan Najeebabadi who declared that they entered India through Debal, Sindh with Muhammad Bin Qasim. He declared that they are Areehai Ummayad Arabs from Areha which was a Punjabized nasal sound to Arain and the claim Arab descent[10] is doubtless based upon the demographic that nearly all Arains are Muslims, and of these, almost all have been Sunni Muslim, as were the early Arabs of Muhammad bin Qasim’s expedition.[11]

In the Punjab Census Report (1911), Harikishan Kaul points out that members of the Arain tribe are “mostly Muhammadans,” (as opposed to the tribe being entirely made up of Muslims), and as a corollary, reference is also made to Hindu and Sikh sections of the tribe. In the Glossary of the Tribes and Castes of the Punjab and North West Frontier Province, Denzil Ibbetson refers to the Arains as, “Almost to a man Muhammadans.”

Kaul also states that the term ‘Arain’ is, “derived probably from Rain or Rahin, equivalent to Rahak (tiller of soil).” This is consistent with the Arains traditionally being chiefly associated with market-gardening. As Alison Shaw states in Kinship and Continuity, “Jats and Rajputs from Jhelum consider that the Arain are a service caste, ranked ‘lower’ than the zamindars and refer to the Arain by the term Maliar, which is apparently used in Jhelum to refer to people who traditionally grow vegetables around wells.”

The Arain during the British Raj

The Arain land holders should not be confused with the more gentrified zamindars such as the feudal Rajput landlords of vast holdings. Polo, partridge shoots and tea parties were therefore not associated attributes. Neither were the more negative and profligate practises such as “…dancing girls, drunken evenings listening to poetry, or numerous marriages..”.[12] When the British wanted land developed in the Punjab after its annexation, Arain were brought in to cultivate lands around the cities, forming irrigated colonies.[13] The Arain were so favoured for their “hard work, frugality and sense of discipline”.[14] Subsequent development of towns and cities and increasing urbanisation resulted in the value of the land settled by Arain to rise significantly, and Arain families thus flourished.[15] Education was prioritised with the new found wealth[16] and the Arain came to dominate the legal profession amongst urban Punjabi Muslims. Many used law to enter politics.[17]

The Arain were classified as a “non-martial race” by the British,[18] a classification deemed arbitrary and based on prejudices prevalent at the time (see martial race).

Prominent Arain

General Muhammad Zia-ul-Haq, the sixth President of Pakistan (and Chief of Staff of the Pakistani Army) was an Arain from Jalandhar.[19]

Mian Sir Muhammad Shah Nawaz, an influential politician of the Punjab in the 1920s.[20]

Mian Iftikharuddin,[21] a politician,[22] landlord and founder of the Imroze and Pakistan Times newspapers (later to be nationalized by the Ayub government). He was to play an important role in turning the Muslim community of urban Punjab towards favouring an independent Pakistan.[23]

References

  1. “…but also among the so-called agriculturist castes, so designated by the British… …Chauhan, Arain, Gaud…”, An Alternative to the “Sati” Model: Perceptions of a Social Reality in Folklore, Prem Chowdhry, pp. 259-274, Asian Folklore Studies, Vol. 49, No. 2, 1990, http://www.jstor.org/view/03852342/ap040052/04a00070/0.

  2. “Behind them an angry farmer brandished a bamboo pole. He was a market-gardener, Arain by caste, growing vegetables and flowers for Umballa city, and well Kim knew the breed.”, Kim, Rudyard Kipling.

  3. “…communities: 1. Acharaj. 2. Ad-Dharmi. 3. Aheri. 4. Ahir. 5. Ahluwalia. 6. Arain. 7. Arora. 8. Bahurupia…”, “The land of the five rivers was known as panchanad in the ancient period, and as Punjab in the medieval period.”, People of India: Punjab: Volume XXXVII, edited I J S. Bansal and Swaran Singh, New Delhi, ISBN 81-7304-123-7, https://www.vedamsbooks.com/no34962.htm.

  4. http://ncbc.nic.in/backward-classes/punjab.html

  5. See Arain population distribution on http://www.joshuaproject.net/index.php.

  6. “The Arain were small peasant-proprietors…”, Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  7. Behind them an angry farmer brandished a bamboo pole. He was a market-gardener, Arain by caste, growing vegetables and flowers for Umballa city, and well Kim knew the breed.” (Kim, Rudyard Kipling).

  8. “…from other zamindar (landowning) categories: Arain (5), Jat (2), Gujar (2), …”, Kinship, cultural preference and immigration: consanguineous marriage among British Pakistanis, Alison Shaw, Brunel University (http://www.blackwell-synergy.com/links/doi/10.1111/1467-9655.00065).

  9. “The Arain were small peasant-proprietors…”, Pakistan under Zia, 1977-1988, Shahid Javed Burki (http://www.jstor.org/view/00044687/di014466/01p0206e/2?frame=noframe&userID=a301f288@ox.ac.uk/01cce4405f00501b38b9c&dpi=3&config=jstor).

  10. “Additionally, the Arain group, to which I belong, claims Arab extraction.”, There is many a slip betwixt cup and lip, Ishtiaq Ahmed, Daily Times, Pakistan, 18/04/2006 (http://www.dailytimes.com.pk/default.asp?page=2006%5C04%5C18%5Cstory_18-4-2006_pg3_2).

  11. “. One of the arguments in favour of this claim is that Arains are nearly always Muslims and almost entirely Sunnis as were the early Arabs who came with Muhammad bin Qasim.”, There is many a slip betwixt cup and lip, Ishtiaq Ahmed, Daily Times, Pakistan, 18/04/2006.

  12. Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  13. “When the British opened new lands in Punjab, they brought in the Arains to cultivate…”, Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  14. Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  15. Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  16. “…the Arain families put their money into education and reaped quick rewards.”, Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  17. “Soon they came to dominate the legal profession… …and… …spring into politics.”, Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  18. “The army was an unusual career for an Arain youngster; the British had not regarded the community as one of India’s “martial races”…”, Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  19. Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  20. “Mian Sir Muhammad Shah Nawaz, a prominent and influential politician of Punjab in the 1920s, was an Arain as was Mian Iftikharuddin…”, Pakistan under Zia, 1977-1988, Shahid Javed Burki (http://www.questia.com/PM.qst?a=o&docId=98917428)

  21. “Mian Sir Muhammad Shah Nawaz, a prominent and influential politician of Punjab in the 1920s, was an Arain as was Mian Iftikharuddin…”, Pakistan under Zia, 1977-1988, Shahid Javed Burki.

  22. http://www.chowk.com/show_article.cgi?aid=00003445&channel=civic%20center&start=0&end=9&chapter=1&page=1

  23. “…who was to play an…”, Pakistan under Zia, 1977-1988, Shahid Javed Burki.

Bibliography

  • Punjab Census Report, 1911, Pandit Harikishan Kaul

  • A Glossary of the Tribes and Castes of the Punjab and North-West Frontier Province, H. A. Rose

  • Kinship and Continuity: Pakistani Families in Britain, Alison Shaw

qom (ranked lineage)

land grabber or Qabzi group

The Arain land holders

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FIFTH WORLD ISLAMIC ECONOMIC FORUM: ALTERNATIVE TO DERIVATIVES-BASED FINANCE?

March 10, 2009 at 2:49 am | In Asia, Development, Economics, Financial, Globalization, Islam, Research, Third World, World-system | Leave a Comment

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World Islamic Economic Forum

(WIEF) in Jakarta

March 2, 2009 Monday

The world is beginning to appreciate the need for

alternative financial arrangements.”

Malaysian Prime Minister Abdullah Ahmad Badawi blamed “unbridled greed” Monday for the global financial meltdown as business people from across the Islamic world gathered to discuss the crisis.

Badawi called for a new financial system to replace the Wall Street model as he spoke at the opening of the World Islamic Economic Forum (WIEF) in Jakarta alongside Indonesian President Susilo Bambang Yudhoyono.

“We have inherited a system where people can trade what they do not own and the resulting inflationary pressure in the global market has caused immense damage to the economic well-being of the world’s poor,” he said in a speech.

“Such is the impact of unbridled greed in the financial system where there is no accountability on money lending…. The world is beginning to appreciate the need for alternative financial arrangements.”

He said Islamic finance — which shuns interest and avoids profiting from industries such as alcohol and gambling — was “gaining credibility as an alternative.”

“I do believe that Islamic finance has a bright future in the global financial system. This is something that we can capitalise upon,” Badawi added, while noting the lack of harmonised standards in Islamic banking.

Islamic assets are set to be 1.4 trillion US dollars by the year 2010 at the latest;” he added. “And it is projected that the Islamic financial system will soon be managing approximately 4 percent of the world’s economy. There is strong global demand by even conventional financial institutions.”

Prohibition of usury

The basic principle of Islamic banking is the sharing of profit and loss and the prohibition of usury or interest. Islamic financial institutions invest predominantly in raw materials, energy and real estate.

The high-risk, highly-complex banking based on derivatives that triggered the global banking system’s current crisis are unthinkable in the Islamic system.

Apart from the Islamic banking system and the global financial crisis, the Economic Forum in Jakarta will concentrate on the climate change, renewable energies and food security. The forum, which takes place annually, is set to last two days.

Fifth World Islamic Economic Forum

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