China surprised the world today and decided to cancel the dollar peg in the stock exchange transactions and decided to deal officially and the official link to the Chinese yuan instead of the dollar, and this is a bold and important step in China’s economic history. This means that the dollar has become non-existent in Chinese trading and the US dollar will fall strongly against the Chinese yuan and may affect it in global markets. And all the global markets were stunned by the decision. The news was…
Month: April 2020
BJP MP Anantkumar Hegde complains to PM & HM to probe against Twitter
A written complaint by a former Central Minister and current Member of Parliament Anantkumar Hegde could have serious consequences for Twitter Bharatiya Janata Party (BJP) Member of Parliament (MP) Anantkumar Hegde filed a complaint seeking probe against Twitter’s anti-India stance, promoting policies and propagandas to tarnish India and Prime Minister Narendra Modi and Home Minister Amit Shah. In a detailed complaint, the BJP MP from Uttara Kannada said that Twitter demanded him to delete his tweet on Tablighi Jamaat and now locked his account (@AnantkumarH) for not deleting the tweet. BJP’s firebrand MP Hegde pointed out various…
TS Tirumurti chaired as India’s Permanent Representative to UN
The seasoned diplomat TS Tirumurti, currently serving as Secretary in the Ministry of External Affairs Ministry, was chaired as India’s Permanent Representative to the United Nations. A 1985-batch Indian Foreign Service officer, Tirumurti will succeed Syed Akbaruddin, a prominent face in Indian diplomacy who is credited with successfully presenting the country’s position at the global body on a range of key issues for the last several years. Akbaruddin will step down from his chair shortly. “Tirumurti has been appointed as the next Ambassador/Permanent Representative of India to the…
MP Government to resume working with 30% staff: CM Shivraj Singh Chouhan
MP Chief Minister, Shivraj Singh Chouhan via a video statement announced that the state government offices in Madhya Pradesh, including the secretariat, will resume work from Thursday with only 30 per cent staff every day. He said the number of coronavirus positive cases in the state is coming down, while the tally of people recovering from the infection has been on the rise. “We are gradually controlling the situation with people’s cooperation…Taking all the care, we have decided to resume the work in all the state-level offices, including…
IIT Guwahati To Develop vaccine for COVID-19
IIT Guwahati in association with the experts from Hester Biosciences Ltd to work on vaccine development against COVID-19 are expecting the vaccine to be ready by the year-end to start animal studies. The work is currently in its early stage of development. The vaccine will be based on a recombinant avian paramyxovirus based vector platform,” they said in a statement. Rajiv Gandhi, Managing Director and CEO of Hester Biosciences said that in the current pandemic situation of COVID-19, the world is looking at developing preventive and curative measures to…
How Coronavirus Pandemic Converted Into a One Industry
There are many new laws we are going to witness across the globe during this pandemic,COVID-19, which we have never expected . It is happening across the globe. Even as the world reels under the coronavirus COVID-19 pandemic, it seems that China — where the virus originated, has controlled the virus and is now moving back on track towards an economic recovery. All business establishments, irrespective of their strength and type of industry, have been already affected greatly by the coronavirus pandemic. With the entire education sector coming…
China’s virus-hit box office faces losses of over $4.2 billion
China’s movie box office faces losses of more than 30 billion yuan ($4.24 billion) this year after the coronavirus epidemic forced theatres to shut and the production and distribution of films to be suspended, state media reported . The estimate was provided at a meeting organised by the industry’s regulator, the National Film Administration, according to a report by state broadcaster CCTV-6’s China Film Report. The restrictions imposed in late January came just ahead of the week-long Lunar New Year holiday, traditionally a peak period for cinema viewing…
Telco edge cloud to provide best data protection and security
In 2019 the global telecommunications market continues its transformation and is underpinning the digital, sharing and interconnected economy. This evolution is mainly driven by the ongoing innovations and technological developments relating to M2M, Big Data Analytics, AI, Cloud Computing and the over-arching Internet of Things. The industry is working hard to keep up with these rapid changes. Telecom operators know, they have a problem controlling their capital expenditure (capex). According to a PwC survey telecoms operators indicated that they could be wasting up to 20% or $65 billion/year in capex.…
India to produce COVID-19 antibody test kits by May end: Health Minister Harsh Vardhan
India is looking to deploy rapid test kits to speed up Covid-19 screening, amid a spike in cases and growing coronavirus hotspots in the country. At first, the antibody test will confirm if the person has been previously infected by the virus or not, as a move that will help understand the epidemiology of Covid-19 in the country. The test, called as a serological test, looks for antibodies in the blood, it is different from the current diagnostic tests. “This is not a confirmatory test. The serological test…
Edu-tech Platform Bada Business To Help In Sailing through the COVID 19 Crisis
Leading edu tech platform Bada Business which offers valuable skills to help entrepreneurs scale up their enterprises is witnessing a surge in popularity as entrepreneurs seek professional help in reinventing their businesses and keeping them profitable during the COVID 19 crisis. Led by Asia’s top business coach and ace motivational speaker Dr Vivek Bindra, Bada Business has used the lockdown period to turn its focus on educating businesses about strategic approaches that can help them stay afloat and emerge stronger from the crisis. The platform is working to create…