Friday, December 3

Political News

New UP Cabinet members assigned portfolios, Jitin Prasada gets technical education ministry
Political News

New UP Cabinet members assigned portfolios, Jitin Prasada gets technical education ministry

By Administrator_India Capital Sands The seven newly inducted Cabinet members in Uttar Pradesh were assigned portfolios on September 27, with former Congress leader Jitin Prasada being allotted the technical education ministry. Prasada, a top Brahmin leader in the state who joined the Bharatiya Janata Party (BJP) in June this year, was the only minister to be sworn-in on September 26 as part of the Cabinet expansion exercise. Six others, all of them BJP legislators, were inducted as ministers of state (MoS). As per a statement issued by Chief Minister Yogi Adityanath on Twitter, MoS Paltu Ram has been assigned soldier welfare, homeguard and PAC charge; Sangita Balwant gets cooperative, Dharmvir Prajapati gets industrial development department, Chhatrapal Singh Gangwar gets reve...
West Bengal Election 2021: No NRC in WB if BJP comes to power, says Kailash Vijayvargiya
Political News

West Bengal Election 2021: No NRC in WB if BJP comes to power, says Kailash Vijayvargiya

By Administrator_India Capital Sands Countering opposition claims that the Bharatiya Janata Party (BJP), if voted to power in West Bengal, will update the National Register of Citizens (NRC), thereby "taking away the citizenship rights of people", Kailash Vijayvargiya, the saffron camp's national general secretary, on April 4 reaffirmed that no such plan is on the radar. He, however, stated that the party intends to implement the Citizenship Amendment Act (CAA) and provide rights to refugees who fled religious persecution in neighbouring countries and moved to India. "We are only looking forward to implementing the CAA after the elections, as promised in the manifesto. It is an important issue for us, as we strive to grant citizenship to the persecuted refugees. We do not hav...
This time the UN session will be virtual, PM Modi’s address on September 26
Political News

This time the UN session will be virtual, PM Modi’s address on September 26

By Administrator_India Capital Sands The catastrophe of the corona virus has completely changed the way the world works. This is the reason that this time the session of the United Nations General Assembly is also going to be held in a virtual way. That is, this time a gathering of veteran leaders from all over the world will not be seen in New York. Prime Minister Narendra Modi will also give his address in this session virtually. According to the list of speakers released by the United Nations, Prime Minister Narendra Modi will address on 26 September. Speeches will begin on this day only with the address of PM Narendra Modi. The United Nations is completing 75 years of its formation, so this session is going to be special. But due to corona crisis there will not be a Mahajashn...
Hong Kong legislature passes controversial China national anthem bill
Political News

Hong Kong legislature passes controversial China national anthem bill

By Administrator_India Capital Sands   Hong Kong’s Legislative Council passed a controversial national anthem bill on Thursday that would make disrespecting China’s national anthem a criminal offence, a move critics see as the latest sign of Beijing’s tightening grip on the city. The ruling could stoke further protests just as people in Hong Kong are set to commemorate the bloody 1989 crackdown by Chinese troops in and around Tiananmen Square by lighting candles across the city.
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Fed, BoE push deeper into uncharted territory in face of coronavirus slump

By Administrator_India Capital Sands The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world’s escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers. The Fed, in its boldest move to date to soften the historic shutdown of much of the U.S. economy, pledged $2.3 trillion to help local governments on the front lines of the health crisis and to prop up small and mid-sized businesses. In London, the BoE said it would allow Britain’s government to run up an unlimited overdraft as the state promises to pay wages to millions of people laid off during shutdown, cut taxes for businesses and expand its welfare system. With central banks around the world trying to...
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Trump thanks India for decision on anti-malaria drug

By Administrator_India Capital Sands President Donald Trump on Wednesday thanked India for its decision to increase exports of the anti-malaria drug hydroxychloroquine, an unproven treatment that Trump has promoted in the fight against the novel coronavirus. India said on Tuesday it will allow some exports of hydroxychloroquine after Trump urged New Delhi to release supplies of the drug seen as a possible treatment for COVID-19. “Extraordinary times require even closer cooperation between friends. Thank you India and the Indian people for the decision on HCQ. Will not be forgotten! Thank you Prime Minister @NarendraModi for your strong leadership in helping not just India, but humanity, in this fight!” Trump wrote on Twitter.
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COVID-19 cases and deaths rising, debt relief needed for poorest nations

By Administrator_India Capital Sands The head of the World Health Organization voiced deep concern on Wednesday about the rapid escalation and global spread of COVID-19 cases from the new coronavirus, which has now reached 205 countries and territories. WHO Director-General Tedros Adhanom Ghebreyesus said that his agency, the World Bank and the International Monetary Fund backed debt relief to help developing countries cope with the pandemic’s social and economic consequences. “In the past five weeks there has been a near-exponential growth in the number of new cases and the number of deaths has more than doubled in the past week,” Tedros told a virtual news conference at the organisation’s Geneva headquarters. “In the next few days we will reach 1 million confirmed cases a...
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India and Pakistan crack down on Muslim group emerging as COVID-19 cluster

By Administrator_India Capital Sands India and Pakistan sealed off centers belonging to a Muslim missionary group on Tuesday and began investigating how many coronavirus cases were linked to its activities. Tablighi Jamaat is a Deobandi Sunni Muslim missionary movement that preaches worldwide. Every year, tens of thousands attend its congregations in the Pakistani city of Lahore and other parts of South Asia. India has so far registered 32 deaths from 1,251 confirmed infections, and Pakistan 20 from 1,914. The numbers are small compared with the United States, Italy or China but health officials say both countries have weak public health systems that could be overwhelmed by a surge in cases.New Delhi’s city administration has flagged a Muslim quarter where the 100-year-old ...
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Free cooking gas for poor during lockdown set to push up India’s imports

By Administrator_India Capital Sands India’s liquefied petroleum gas (LPG) imports are set to surge in the June quarter as a move to provide free cooking gas coincides with lower crude processing by refiners hit by collapsing local fuel demand, company officials said. Indian refiners are processing less crude oil into fuels like LPG as industries close during a 21-day nationwide lockdown from March 25, aimed at preventing the spread of coronavirus. The outbreak has also hit overseas fuel demand. Last week India announced it would provide free cooking gas cylinders to poorer citizens for three months, under a scheme meant to nudge them to adopt the cleaner fuel. Normally beneficiaries of the scheme get LPG at cheaper rates. India’s LPG imports could rise by as much as 700,00...
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Singapore eases monetary policy sharply as virus heralds deep recession

By Administrator_India Capital Sands Singapore’s central bank aggressively eased its monetary policy on Monday, as widely expected, with the city-state’s bellwether economy bracing for a deep recession due to the coronavirus pandemic. The Monetary Authority of Singapore manages monetary policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against currencies of its main trading partners within an undisclosed band. Economists said the changes are the most aggressive easing since the 2009 financial crisis and also come as the central bank forecast deflation and a sharp economic contraction in 2020. The MAS said it would adopt a zero percent annual appreciation rate for its Singapore dollar policy band, known as the Nomina...