One Chinese government agency is so proud of how well they censor the Internet that they put their feelings to music
China’s Internet censorship agency now has it’s own choral anthem, a song titled “The Mind and Spirit of Cyberspace Security.” The New York Times reported Thursday that the lyrics to the song — which praises the agency’s commitment “to the global village, evolving it into its most beautiful form” — were written by Wang Pingjiu, who also wrote the lyrics for the opening song to the 2008 Beijing Olympics.
ProPublica watched, translated and subtitled the video.
Although the Times reported that copies of the video are being deleted quickly, ProPublica found copies easily via the popular Chinese social media site Sina Weibo.
In the song, employees proudly declare not only loyalty to their work, but that it is transforming the world into a better place. Lyrics include:
•“With loyalty and devotion, we watch over our domain day and night”
•“Contributing to the global village, evolving it into its most beautiful form”
•“In this universe, as hundreds of rivers flow across all of China, loyally searching for the sea, they carry with them the great Chinese culture and measure China’s greatness.”
While it is difficult to translate the exact meaning behind a song, one particular lyric could be referencing an old Chinese proverb — 水能载舟，亦能覆舟 — which stresses that while water can keep a boat afloat, it can also flip it over. The lyric, which reads “Integrity ripples only from a clear and pure nation,” may be referencing the fact that without integrity, the nation would flip over the government.
The official “Mind and Spirit” values of the Cyberspace Administration is defined by the agency as “Loyalty, responsibility, innovation, integrity, unity and devotion.”
We had mentioned in Wednesday’s closing report that NSE’s CNX Nifty may move up, subject to dips, as long as it keeps itself above 8,505. Thursday is the third consecutive session of the 50-share index to book rising gains. The NSE benchmark opened positive but drifted lower and was negative until around 2pm. Thereafter, the Nifty gained momentum and it started moving higher to a five-day high (including today) and closing near to it.
S&P BSE Sensex opened at 28,650 while Nifty opened at 8,677. Sensex hit a low at 28,406, while Nifty went down to the level of 8,599. However managing to rise sharply in the post-noon session, the benchmarks reached upto 28,839 and 8,733. Sensex closed at 28,805 (up 271 points or 0.95%), while Nifty closed at 8,712 (up 84 points or 0.98%). NSE recorded a volume of 101.71 crore shares. India VIX fell 1.68% to close at 20.1575.
After market hours, the government announced CPI data for January 2015 and industrial production data for December 2014. Retail inflation for January came in at 5.11% under a new series with revised base year of 2012. This is against consumer price index (CPI) based inflation of 4.16% in December last year. The government will unveil WPI data for January 2015 on Monday.
Steel and Mines Minister Narendra Singh Tomar has invited global companies to invest in the India's mining space, assuring all support in this regard. Stating that India is rich in mineral resources and a large part remained unexplored, the Minister invited captains of mining industry to invest in exploration sector as well.
Industry body CEAMA has sought reduction in excise duty on consumer durables in the forthcoming Budget to help the sector combat demand slowdown. In June last year, the new government led by Prime Minister Narendra Modi had extended the excise duty concessions by six months to 31 December 2014.
Coming back to stock markets, India Cements (12.32%) was the top gainer in ‘A’ group on the BSE, in spite of posting weak December 2014 results. Its board of directors approved a proposal for reorganisation of Chennai Super Kings Cricket Limited, the company's wholly-owned subsidiary, under which the ownership of the franchise will be held by shareholders of The India Cements Limited.
Bank of India (5.77%) was the top loser in ‘A’ group on the BSE. Its weak bottom line in the December 2014 quarter result pulled the stock lower.
Dr Reddy’s Lab (5.49%) was the top gainer in the Sensex 30 pack, while Hindustan Unilever (1.53%) was the top loser.
On Wednesday, the US indices closed flat.
Asian indices showed mixed performance. Nikkei 225 (1.85%) was the top gainer, while Straits Times (0.74%) was the top loser. European indices were trading in the green. US Futures too were trading higher on the news of truce in Ukraine.
Fears of a default in Greece and an escalating conflict in Ukraine weighed on investor sentiment. However, later, there was news that Russia had announced ceasefire with Ukraine.
The state government is liquidating properties worth Rs6,500 crore of NSEL defaulters, including Jignesh Shah and others to settle claims of investors
The Maharashtra government is planning to liquidate properties worth Rs6,500 crore belonging to defaulters in the National Spot Exchange Ltd (NSEL) case to settle claims of the investors, says a report.
Ranjeet Patil, minister of home (urban), told DNA, "Until now, all such defaulters used to regain the hold of the assets. But we will ensure that property worth Rs6,500 crore, which was already attached from the defaulters, is liquidated. The auction on the property would be initiated soon to settle the claims of the investors."
The Economic Offences Wing (EOW) of Mumbai police had attached assets of the defaulting members, including MCX promoter Jignesh Shah and other NSEL officials under the Maharashtra Protection of Interests of Depositors (MPID) Act.
Last week, while speaking at Moneylife Foundation's 5th Anniversary, state chief minister Devendra Fadnavis had hinted on the action. “Soon, the state government is appointing a deputy collector to sell assets worth Rs5,000 crore seized from one of the biggest Ponzi operators in Maharashtra,” the CM had announced.
Last year in August, the EOW had filed a charge sheet against Jignesh Shah, promoter of Financial Technologies India Ltd, in connection with the NSEL scam.