formerly an advisor to the indian finance minister and chairman of the center for policy alternatives he joins us from hyderabad mongo to swami these two currencies the rupee and the turkish leader they're not linked in any explicit way they're not pegged to each other so why is this having such a toxic reaction in india when i don't think you know that we're going to look at the year. the relation to you earlier we're. in the last month what is the you know going to last two months that will tell you it was ok so then confusion different things happening you know as soon as it has increased in one of those sixteen or so billion dollars it's a one or two million dollars worth of believe it was more a little similar to yours yeah i would tell you that was it this year you were active a little as one will that has if it please as well are on the

dollar. about it apart from that they use it by a lot of treasury bar go as well that others find for you who is clear. and then family and normally what happens if the dollar is. going to get. together with the people who keep the money abroad or it's you know this is a lot now and that is also ok i'll get one thing now that. i just want to interrupt you with with one brief point given that the indian economy is not the same old will as the turkish economy even if mr erdogan won in ankara manages to to hold the flow this downward spiral of the turkish lira if that contagion has spread independently to weigh you all might it be more difficult for the indian government to step in and do something to mitigate the losses there. i don't i don't think

that's a good just because you know. we had to be beat along with michelle along with south africa going to a few countries called to be fired. and then been dead for a wider because the plaintiff had a kind of honor those who break up and we haven't had that it was a bad we had the biggest and there was well that's not all done all the other things are happening the deal of you know is there's a little problems but it's not a lot of people here the medic and the human physical problems actually there are there is even here it's rather friendly to who residents are so you know it is very talented but realises he wasn't going to be part of it we're likely going to be one of the ones that so i think things are good but in a sense. macroeconomic. situation if i was close at the start of

the year. ok we'll leave it there many thanks for talking to us. about. the battle for the afghan city of gasoline into day five and shows no signs few signs of ending according to the u.n. as many as one hundred fifty civilians have been killed since the taliban began its attack afghanistan's military is sending in reinforcements after the president called an emergency meeting with police and the military chief correspondent just recently returned from the afghan capital kabul so clearly the afghan government was caught on the back foot here and they're playing catch up all the winning beginning to get there while they want people to believe they're winning for sure every day we've had statements from them saying we we have this under control they're clearing we're doing a clearing operation at this point and the taliban that's a few straggling kind of fighters in the city but that's it and it is vastly different to what we're hearing from residents on the ground who are still sheltering in their homes still hearing rockets gunfire airstrikes running out of

food and water and saying that they are seeing under siege can the taliban sustain what they've been doing for five days. residents this morning said that they're seeing more and more taliban on the streets and the taliban themselves are putting out statements saying that we're running checkpoints and taking trucks and weapons and essentially stocking ourselves within the city hiding out in residential areas so they're essentially entrenched themselves in people's homes and are relying on civilians to kind of. taking me from the military gangs so it's incredibly difficult battle for the afghan military trying to get into the city and then trying to win all these taliban fighters out is anyone blaming the afghan government for apparently not having seen this coming there were protests in kabul yesterday outside the ministry of defense and he was always vulnerable. it has been surrounded by taliban fighters in the villages the government is now on this the police inside me said he were aware that there were taliban fighters inside the

city but it was some kind of an unseen agreement that we would just let it slide nothing happens everything's fine it's peaceful for now until the taliban launch this attack on friday morning if in two or three days from now we're still talking about this battle going on or and it's a big if i know if he is about to fall to the taliban the symbolism of that will be huge because so many of the external actors the external people who contribute to the fighting force of what goes on on the ground the people who fly the planes etc the symbolism of that will really strike home with them indeed and the timing would be terrible for the afghan government i mean the timing as it is with the elections coming up they do not need this kind of price that they are having trouble securing one of their a large city so close to kabul thanks very much. still to cover for you here in algeria including the divide over hong kong status talk beaching wanted by them raises new questions about freedom of speech. and consulting the people cubans have

their say on the biggest change to the island in decades. hello and welcome back now as we look at weather conditions across southeastern parts of asia mostly activity is towards the north and again across northern parts of the philippines seem huge amounts of rain a lot of flooding going on that at the moment but you can for the central southern part of the philippines looking good and generally weather conditions staying that way through the course of wednesday take a look at porn is not often you can see it largely clear of cloud and clear precipitation but that's how it's looking to in the course of wednesday and then once you get south was just barly lombok that's really what you'd expect to this time of year unbroken sunshine temperatures in the low to mid thirty's fine conditions through much of sumatra and the malay pincher as we get into thailand

then we start to see more the way of looking pretty wet across thailand and through into cambodia into a strait i was still sitting under this big area of high pressure so for most places it's looking fine but we have got fronts just been pushing through western australia into the bite so for tasmania it's looking like a pretty unsettled spell of weather over the next few days some very strong winds likely to develop the fronts a weak feature it gradually pushes through the bite region and then as we head on through into thursday looks like a fine day in sydney highs of eighteen but is remaining rather unsettled across news in at the moment showers like him both arlen's with highs of fifteen expected in oakland's. of struggles. with not only that i mean. that i'm walking about on the fun of pleasure because i don't mind i'm getting where it is good but i'm not going for an intimate look at life in cuba today as it was the annual want to.

watch the annual i got a bicycle to my cube on al jazeera. welcome back here with al jazeera i'm peter dubey here in doha your headlines counterterrorism officers and leading the investigation into the crash of a car into security barriers outside the house of commons in london the driver was immediately arrested and to people were injured several blocks around the area have not been cordoned off. the weakness of the turkish currency is starting to affect other emerging markets india's repeated a record low just

a few hours ago currencies from argentina to south africa fell on monday to the turkish lira has fallen by more than forty five percent against the us dollar that she's. fighting is continuing in the afghan city against me more than three hundred people have died over the past few days afghanistan's military is sending reinforcements to help defend the city from a taliban attack. the highest ranking official in the catholic church to be sentenced for covering up child sex abuse has avoided jail australian philip wilson will surface twelve month sentence as home detention and that's angered abuse victims. from sydney side story williams i thought not only did he dodge jail. time that philip wilson evaded pleas for an apology to abuse survivors one word of contrition philip will you cite story somebody in the catholic church so i sorry to put what million others we is the contrition from archbishop former

archbishop wilson he's grace as somebody just sit ups these has shown no grice on the sword myself about this the former archbishop of adelaide was convicted in may of failing to report a child sex abuse by a priest of two altar boys in the one nine hundred seventy s. he's the highest ranking roman catholic official convicted of such a crime but resigned from his post last month following intense pressure from political leaders including the prime minister feeling actually quite happy it's a custody will sentence that has been handed down and he begins the sentence today . in world news he's the most senior cleric to have been found guilty sentenced and start the sense of the court decided wilson will serve out his sentence at his sister's house due to a range of health issues including heart disease victims and campaign is say the law needs to be tougher on those who conceal child sex abuse head of falls get to

do their highnesses acts because people are the conceal or ignore what they do this is totally unacceptable it's a betrayal of the victims of a trial of the community and it's a big trial about children of the future because if the lackluster laws of the present are going to be used again in the future then the results of the past are going to be the results of the future wilson intends to appeal his conviction but this case is being seen as a landmark decision with broad ramifications for the church it sends a message that the church is accountable and can hide behind canon all the confessional seal to escape reporting crimes like this yarber mohammed al jazeera sydney. a leader of a party advocating independence for. hong kong has accused china of suppressing freedom of speech rival protests greeted and churned as he arrived at the foreign correspondents club to give a speech of the chinese and hong kong government wanted the event to be cancelled last month the police put forward an unprecedented proposal to ban chan's party for

national security reasons due to the nature of how the chinese public and machine works the national party was instantly demonized as some sort of extremist group due to these single word independence in reality what the national party is chasing now there is no difference from what many homeowners wish for the dream of democracy and now as you all know the government is trying to. complete the calling us and illegal society bride has the latest now from hong kong. protests here in the center of hong kong angry at times and centering on this one particular building this is the foreign correspondents club and this has been the venue for a controversial lunchtime speech by andy chan now he is a little known political figure here but he heads up a party of maybe only a couple of dozen members but they have advocated for independence now this for

many of the protesters who've been gathered outside determined to have their voices heard this crosses a red line this is a betrayal of the system of one country two systems that hong kong should always be a part of mainland china and it does seem as though they are thirties here will in the next couple of weeks than this party from operating what is concern many journalists here though is the way that this issue seems to have been used by a number of political figures in particular by a former leader c.-y. long as a way of trying to stifle the workings of a free press or using it as a battering ram against the workings of a free media cuba is to have its most significant political change in more than forty years and the government wants citizens involved thousands of community meetings are being held people to share their thoughts on a new draft constitution from havana here's giuliani on. their work day is

done at this hospital and have an app but the staff can't go home yet. they're staying on to discuss the proposed changes to the cuban constitution thousands of these government organized meetings are taking place across the island over the next three months. it's the most comprehensive change to the country's constitution in over forty years. i'm here fulfill my revolutionary duty i haven't read the full project but i think it's all great. last month cuba's national assembly approved the draft constitution after several days of televised debate. the main changes proposed establishing term limits on the presidency was lamenting the communist party as the sole governing body on the island benefiting. the process will help strengthen the unity of all cubans around the revolution. but cuba's legislators had to make concessions to reflect an evolving society and to try to ensure

a more sustainable economy for the first time since the castro led revolution to power the proposed magna carta recognizes private property long considered an enemy of a socialist society. same sex marriage has also been proposed perhaps the most visible of social issues to feature in the constitutional draft the government is encouraging cubans to repossess document in detail it's made available for sale at newsstands all across the island and to take part in the public meetings about it the leadership here says these meetings are emblematic of the country's democratic process while critics of course dismiss the entire exercise appointment. the problem they say is that the government is only affecting changes to benefit themselves not ordinary people but for a society that has barely experienced any constitutional change since the soviet era many analysts argue that even small changes matter when i walk i think cuba is

changing and the constitution is part of that change it won't make the change go faster. the constitution is not a change it won't protect everything people want nor will it give everything that they expect. the process from here is a painstaking one officials are expected to take down the participants commons and send them back to the assembly line a cuban's will been vote on a final document in a referendum early next year julia galliano al-jazeera. severe flooding in the southern island indian state of terror has killed at least thirty nine people and property damage is already being put at more than a billion dollars although the water is receding the state is bracing for more rain injuring one of the worst monsoon seasons in a century thirty four thousand people have been moved from villages in low lying areas and living in relief camps. pakistan has started celebrating seventy one

years of independence the presidential parade has been held along with a flag hoisting ceremony in central islam about the prime minister elect imran khan tweeted that he's filled with great optimism for the country he'll be sworn in this weekend but the stone became independent following the one nine hundred forty seven partition of british rule india has more now from some of the. august on celebrate the first independence day amidst much warmth and very many entire families have come out there crushed by get on with the national flag and all they have been firework displays across major. get on it in that time for people to. make cultural and linguistic barriers and your night on that same band seventy one years ago all their dream of an independent homeland for the muslim. became a reality this independent. man because of the fact that that

country had now a new political party at the helm of affairs a new prime minister will be taking orders. on celebrated independence day and the people of pakistan of course will be hoping that this time around their government and able to deliver on its promise and to ensure that that country had a bright future for its people. to check out the website it's always there for you the address al-jazeera called. this is al jazeera mining's piece adult your top stories counterterrorism offices and i'm leading the investigation into an incident outside the u.k. house of commons two people were injured when a car crashed into security barriers then the driver was immediately arrested several blocks around the area have now been cordoned off i think the twenty miles

of a mother saying he's going it may be going to fifty miles an hour maybe more. and you're going to. fall all right outside of a. house of parliament. and these police will see that this was you know he says he's a guardian wannabe germany and korea and. in my opinion it was deliberately it wasn't there it was no i didn't reach me if it was a direct hit. the weakness of the turkish currency is starting to affect other emerging markets the indian rupee hit a record low just a few hours ago and currencies from argentina to south africa all fell on monday the turkish lira has fallen by more than forty five percent against the u.s. dollar this shia. fighting is continuing in the afghan city of gasnier at least four hundred people have died over the past few days or a half of them are civilians according to the un afghanistan's military is sending

in reinforcements to help defend the city from the ongoing taliban attack a leader of a party advocating hong kong's independence has accused china suppressing freedom of speech rival protests greeted andy chan as he arrived at the territories foreign correspondents club to give a speech with the chinese and hong kong governments wanted the event to be cancelled. the highest ranking official in the catholic church to be sentenced for covering up child sexual abuse has avoided a term in jail australian philip wilson will serve a twelve month sentence but as home detention the court was told he has alzheimers abuse victims say he's too lenient. severe flooding in the southern indian state of terror has killed at least thirty nine people although the water is receding the state is bracing for more rain during one of its worst monsoon season ends in a century more than thirty four thousand people have been moved from villages in low lying areas and they're now living in relief camps those are your headlines so far today up next it's my cuba i'll see very soon but by. getting to the heart

of the matter unless we have new generations growing up to understand better our relationship with the natural world then soon there will be nothing left facing reality or our friends and allies played a positive role in preventing any escalation from taking place here their story and talk to al-jazeera. oh oh.

aired out on the scene but on the local. imam all down the game in a moment oh yes that's the end they don't bother but i'll believe it. if they want to be on my guns. is enough. not oh. yeah yeah there's only one sob all. the way and i'm going to. hell for my own little while i'm with you. only know that on

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go on the ng and go there but out of things. will be a tell all the audio message. you know made to get to the good i said it is now ok that all the dust in the right is a good as you put out of the. metal and all floyd bass i could have easily. but i won't but i can only say i do with the boredom to the a boiling. point. as you know israel was the only muslim. one and it's all the other because you know it will be you know move out of the way they're going to deal with it when you go to get on when are you going to do is say you know you got out of one of us out on the open market i mean.

you know but i'm a would not want the bombing pull a little bit more heat up on the move to. want to make. the kid either give me my family model because he. really i mean yes and i yeah i mean i've done. and those in deal new flu when i was a good robust. i

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yes he has said all of the things that what is about them there is the i mean if the it was that he said the man that i am with. i can import the n.b.a. using michael me that limbaugh has a. new book that i am way that is denying that will be simpler than. they are mantras i'm not in a little bit about nine eleven i'm not my constituency that only my i don't think the little. intones are going to is what i'm most of the real we're in wait i'll never give you my money and giving one of them may not. be the way in just the way and are even aware of what my wares are deliberately whereas i'm not me well you are in a way as i love and one hundred to one to the least. little bit well or. ill

and it was alan got me not what i had last been a little man of that process he don't think that blade thought the same thing come in now and i knew. it all when i little all of us and we were invited to play a game that i want to sign something sound and. it to me this or. the movie the. season. four years or one with. bob bob little younger than him with. actor and one of the blessings of the well that's a little bit too much like us. it will not come up but i'm going into town which i'm. looking to see if they must see they don't want to oh no i mustn't look at

look now. oh what a little momentum out. there when all. that down there is where the little on table is a note how me and lovely it is in front of your lead in the numbers on the board that they want gold star go it out on the bar about harlem bus ride over. to go. on with your own room we were all. in the grip of our god they. got to meet up with the camera me ok tell me at the argument what in the portable. on yom kippur i want i want to. do. was uncool why do you. know if you were growing

as a job it will do all the good you go to get it out of those it go we were going we're going to exude rudiment. they're gaining. feeling that it will be bad be a good day for you to be. there and teach. them to. be easy. to. do things to. eat and.

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i. was going to vote. it's going i went on the run i was like. and i had to go on the panel rob it took off as you know but when i was it all went up and by and i guess. i didn't the only dance when we dance when we desecrate them i felt goals i mean for the month. for me that's when. i. got one i put on that of the old bill as into it of the song of mine on a big nose i've been what i always. i . i. i.

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i don't like it on the guy but on my own on the me family are. those the good one or one way i'm doing. full of struggles body that appears in the motor home of the wild level their battle their belief they are so full of pleasure the way is only a hole in the world an intimate look at life in cuba today hey miles you know already temporary and i think that these things this is my cuba on al-jazeera. business updates brought to you by qatar airways going places together.

business updates brought to you by qatar airways going places together. this was wrong to teach children away from their parents and herd them into

a school against their will there was no mother no father figures they put his in the big player and we sort of looked after so i don't remember the children's names but i'll never forget the kind of dark secret. this is al jazeera. shall carry this is the news hour live from doha coming up in the next sixty minutes worth of fact from the turkish lira. crisis india south africa and argentina all feeling the pinch. i counter terror

investigation in central london after a man crashes a card to barriers outside the parliament building. no into the fighting in gaza need the afghan military since reinforcements to the city under taliban attack. and last under water of colombia for three centuries the seventeen billion dollar treasure ship that's at the center of an ownership dispute . and i'm tatiana with all of the day's bored to including gone as the africa cup of nations hopes are in doubt but not because of that performances on the pitch i'll be here with a story later this news hour. president says turkey will be boycotting u.s. electronic products and retaliation for what he calls an economic attack on his country or one has repeatedly denied that the national currency is an crisis even

as it continues to slip against the dollar the lira has dropped forty five percent this year turkey's central bank is easing bank restrictions to try to stabilize the currency or blames that a cotton on a plot against turkey's economy simcoe seller joins us live now from istanbul so the efforts by the central bank seen him to reverse this decline are there signs that it's actually working. well rachelle yes since since the markets opened this morning at nine thirty we see a decline we see some ease of the pressure on the turkish lira it was one dollar was up to seven turkish to resit one went to both that but right now it's down to six point five zero so of course the government measures have some impact on this is it is a small is when you when you think that one dollar was equal to four point eight and now it has been up to seven the rise within the last ten days so despite that

this is a small move it is working also that the turkish business associations you know chambres and co want it exchanges also gave support to the government but they have always warned that the government should be taking the necessary measures without it being late one of the measures that the government is not is not actually a fond of but which is an expectation by to turkey central bank is the is that is the increase in the interest rate so the markets are expecting an increase in the interest rates by the central bank to ease the pressure on the turkish lira however the government is totally against that but at least today is the markets are are not as panic as before but i have to underline that presence there don when he says that there is no crisis in the turkish of despite the three men the slide he says this is not a crisis like that happened in one thousand nine hundred ninety four when the

rhetorical asian tigers collapsed or during the crisis in two thousand and one he warns that the turkish banking system is solid and very strong and there is no crisis in the banking sector that's why he finds this as an. as an attack as a speculative attack which is mainly targeting the turkish economy so sit him if you could expound upon that a little bit he has tried to talk the currency into stability basically saying it's not that big of a deal but he has said that what is happening is not normal so what are the politics of this for him. well from the person's perspective he says you cannot you can't explain the slide and the turkish lira from four point eight to seven within a week or in ten days he says we have faced the turkish lira losing value double times in two thousand and one crisis over

a night but that time our banking system was bankrupt t. says but this current s'sluys in the turkish lira happened right after a tension between the u.s. president donald trump and the turkish government following the rest of journalist american pastor in turkey and pastor and dr branson he was arrested after the failed coup in two thousand and sixteen based on knowledge of terrorism charges along with some other american nationals who worked in the u.s. consulate in istanbul and the u.s. has been has been asking for do release of these. of these suspects but turkey says the judiciary is ongoing and so judiciary is underway and we have to wait for the results of tests of russian was put under house arrest just a week ago but to us the men's immediate release of pastor bronson that's that was followed by president trump so it's that our relations with turkey is not good

these days so and then this tremendous slide in the turkish lira happened that's why president zardari believes that. the stance from the u.s. the u.s. government is the reason against the slide in the turkish era plus the he says that the u.s. government has been threatening turkish economy with sanctions over turkey has some support from the european countries. as the biggest. load loan lender to turkey as well as russia iran and some other neighboring countries or it's seen and thank you very much live in istanbul. the weakness of the turkish currency is starting to affect other emerging market economies binion rupee hit a record low on tuesday morning india's currency is falling around nine percent this year amid higher oil prices and widening trade deficits andrew thomas has more from a in northeastern india.

we will have that story for you and let's continue this discussion about the effect of the declining there at the south african markets have been really taking a hit from this let's bring in alec concept she is a financial analyst and c.e.o. of rich management a financial and political advisory firm he joins us via skype from i really appreciate your time so much so why specifically is what's happening in turkey specifically affecting a merchant markets in a way in the way that it is. so that you know the proximate cause to this emerging market weakness and cute contagion has been. but you know we've got to take a step back what we're seeing is the reduction of dollars being supplied into the system the end of the quantity of easing when the markets the global markets will slump that cheap them three dollars everybody got terribly excited particularly

across emerging in front of markets and we've seen a with lash up with china and the dollar has been weaponized whether it's deliberate or by design it's not clear to me but it's become a very very. financial instrument coerce a financial instrument in the hands of president trauma and essentially the repricing has spilled over into other markets as you said the rabbit fell more than ten percent yesterday that's an extraordinary popping drawl unprecedented in the last decade and essentially we're seeing this sort of. spillover contagion effect yet the india route be it the south african rand and other markets and unfortunately i think this is an extreme example of a policy maker. that he has no options left each time he speaks ascension the

markets unless he puts up interest sharing what they're doing the only do you think he's making it worse. he's making it much worse i mean it's just extraordinary this is part of the problem when people drink the kool aid they try and believe that they can somehow you know keep in new style fight the markets are confident the markets this is actress and. many people have said it and it's essential it's a losing battle he's going to have to see he's going to have to raise interest rates by now to be five hundred basis points if we go he's going to have to raise it by seven hundred fifty to bring the situation on the console i'm afraid how much worse can it get could this become venezuela how much worse could it get look i mean we're looking at a precipice right now i mean i know we've had to score forty something percent which is just extraordinary but if he refuses to raise that interest rates the only thing that can give is the turkish lira and people are allowed beginning to price

in the weimar republic wheelbarrow type scenario where the currency ultimately collapses inflate it takes all and will be wondering about the wheel barrows of lira trying to read. and i'm interested in something they said if i could go back he said that the dollar is being weaponized that's a really powerful word and you were clear to say that you didn't necessarily know what the intentions were but now that it's very possible that a lot of this is related to the way the dollar has been. treated is it incumbent upon the u.s. to try to reverse some of this. i don't think that is it that isn't aligned with the president trumps financial warfare strategies which are proven so often i think you know the whole thing about magda is bringing everyone down to science and the dollar is basically kneecapping countries and ed gun is the first father to lose

his kneecaps there to be others if they if they pursue the policy that again is seeking to pursue so let me be clear the trunk is wielding something much more powerful than a new weapon he's using the supply of dollars into the financial market everybody has gotten the stuff all over borrowed they've been living high on cheap dollars that this is the end of cheap dollars and it is the law that they take to address the situation the worse the situation because i suppose the one to big thing is in our favor it's the whole concept of populism very popular leaders stuck themselves on the pedestal now that was an effect disparity simple everyone can point out whether it's president whether it's rouhani comment day or whether it's my tour but they are all. under

a remote controlled drone attack just like madeira was except that drone is the us dollar ok we will leave it out at that alekhine such a thank you very much for joining us we appreciate it. computer. russia's foreign minister sergei lavrov and his turkish counterpart who are meeting in ankara to discuss the situation in syria for more let's go now to say a holder who is live in beirut so what it what have they been saying to the media. well both russia and turkey are stakeholders in the syrian conflict they support opposing sides but they have been cooperating for some time now through the so-called asked in a process but it is clear that these two countries disagree over what to do in it live it was clear from the statements made by both the turkish and the russian foreign ministers the turkish foreign minister saying that we will discuss how we can work together in live now it live as.