World Watchdogs Propose Remedies For Cash-strapped Money Market Funds

World Watchdogs Propose Remedies For Cash-strapped Money Market Funds

“MMFs are susceptible to sudden and disruptive redemptions, and they may face challenges in selling assets, particularly under stressed conditions,” the Financial Stability Board (FSB) of the Russian Federation said in a report to Reuters. Financial regulators have proposed a range of options, from capital buffers to charges, to avoid forces such as the central […]

Indians Pour Billions Into Bitcoin Making It The New “Digital Gold​”

Indians Pour Billions Into Bitcoin Making It The New “Digital Gold​”

Among the world’s biggest resource of precious metals, cryptocurrency pundits believe Bitcoin is equivalent to “digital gold” in India. According to Chainalysis, investments in crypto in India increased from about $200 million to nearly $40 billion during the past year, where households own more than 25,000 tonnes in gold. A trading veto has been proposed […]

SC Condemns The Centre’s Failure To Implement One Nation One Ration Card

SC Condemns The Centre's Failure To Implement One Nation One Ration Card

The Supreme Court, on Tuesday, condemned the Centre’s failure to initiate a National Database for Unorganised Workers (NDUW) by July 31, terming it as “unpardonable”. The SC ordered all states and union territories (UTs) to implement the ‘One Nation One Ration Card’ reform, allowing migrant labourers to get ration benefits and welfare for COVID-19 distress […]

Lebanon Crisis: A Product Of Depressed Economic Stability And Years Of Sectarian Politics

Lebanon Crisis: A Product Of Depressed Economic stability And Years Of Sectarian Politics

Tripoli, the northern city in Lebanon, was surrounded by Lebanese troops on Sunday as protesting civilians and military personnel were injured during riots and protests held due to worsening living conditions. The country’s economic crisis, which has lasted 20 months, has worsened causing sporadic protests across the country. In its assessment of the crisis, the […]

Child Soldiers Carried Out Burkina Faso Massacre: UN

Child Soldiers Carried Out Burkina Faso Massacre: UN

Thousands have died in the conflict since rebels invaded Burkina Faso six years ago, but this is the deadliest massacre that has befallen the West African nation since the invasion. In accordance with Reuters, United Nations officials and  government said the massacre, earlier this month, was carried out by children aged between 12 and 14 […]

26/11 Attacks Extradition Hearing: Tahawwur Rana To Remain In US Federal Custody

26/11 Attacks Extradition Hearing: Tahawwur Rana To Remain In US Federal Custody

An extradition hearing for Tahawwur Rana – a Canadian businessman and an immigrant of Pakistani descent who participated in the 2008 Mumbai terror attacks – was held on Thursday before a federal court in the United States. Background On June 10, 2021, Rana was arrested in Los Angeles following a request for extradition from India. […]

EC’s Antitrust Investigation Unravels Google’s Anti-competitive Behaviour

EC’s Antitrust Investigation Unravels Google's Anti-competitive Behaviour

Google LLC has been the subject of a formal investigation by the European Commission (EC) to determine whether it has violated the European Union’s (EU’s) rules by favouring its own online display advertising technology services in the ad tech supply chain, proving it detrimental to competitors in the market, advertisers, and online publishers. The formal […]

Income Tax Payment Portal Glitch Creates Yet Another Infosys Mishap

Income Tax Payment Portal Glitch In Yet Another Infosys Mishap

“Infosys is working to resolve the concerns in the new income tax e-filing portal. For the last week, several of the technology glitches, which impacted the performance and stability, have been addressed. And as a result, we have observed lakhs of unique daily users in the portal,” said Pravin Rao, Infosys Chief Operating Officer, during […]

UP Forced Conversion Racket: Disabled Children Brainwashed To Become Human Bombs

UP Forced Conversion Racket: Disabled Children Brainwashed To Become Human Bombs

An unusual development in the further interrogation of two accused of mass religious conversion by the Uttar Pradesh anti-terrorist squad (ATS), as per a report by Dainik Jagran, has revealed that they planned to religiously convert hearing and speech impaired children to Islam and then use them as human bombs. Chief Minister Yogi Adityanath has […]

Ethiopia Election: A Democratic Leap Amid Humanitarian Crisis

Ethiopia Election: A Democratic Leap Amid Humanitarian Crisis

Earlier this week, the citizens of Ethiopia carried out voting in controversial elections amid an ongoing conflict and a humanitarian crisis that has gripped northern Tigray. Despite fears of violence, jailed opposition figures and parts of Ethiopia unable to vote, Ethiopia’s first multi-party election in 16 years will be Abiy Ahmed’s first real test. Among […]