Year: 2020

This is a big concern at this point, as these run close to the 255 km Darbuk-Shyok-Daulat Beg Oldi (DSDBO) road, a vital link for the military. India is “closely monitoring the situation and taking appropriate steps” sources said a day after Army Chief General Manoj Naravane visited the Leh-based 14 Corps headquarters to review the “overall situation on the ground,” even as reports indicated that Chinese troops remain in areas along the Line of Actual Control (LAC) in eastern Ladakh that are patrolled by India. “Situation remains tense at Pangong Tso, Galwan Nalah…

Bill Gates is once again at the centre stage of controversy related to novel Coronavirus. He is also started doing funding to new factories for potential coronavirus vaccines. In a 2015 speech, Bill Gates warned that the greatest risk to humanity was not nuclear war but an infectious virus that could threaten the lives of millions of people. A report further says, A RA vaccine has never been safely developed. CoVid 19 is a RA virus, included in these vaccines are a whole host of other components such as microchips…

A UK court has ordered Reliance Group chairman Anil Ambani to pay $717 million (almost Rs 5,448 crore) to three Chinese banks within 21 days, after ruling that a personal guarantee which the Indian businessman had disputed was binding. A spokesperson for Anil Ambani said he was seeking legal advice on the future course of action. “As far as the judgment of the UK court is concerned, the question of any enforcement in India does not arise in the near future,” the spokesperson said in a statement. The UK order…

The Reserve Bank of India on Friday cut interest rates by 40 basis points in a surprise move to revive an economy stalled by a two-month-long nationwide lockdown to control the coronavirus pandemic.   The central bank cut the repo rate—its main lending rate—to 4% from 4.4%, RBI governor Shaktikanta Das said in a video conference. It also lowered the reverse repo rate at which banks park their money with the RBI by 40 basis points to 3.35%.   The cut comes two months after the RBI slashed the repo rate…

Chip giant Intel sees the coronavirus outbreak as a temporary blip on the horizon, unlike the gloom and doom sentiment that has gripped large segments of industry because of the coronavirus pandemic. Intel Corporation plans to leverage new and emerging technologies such as 5G, artificial intelligence (AI) and blockchain for sectors such as healthcare and education, Nivruti Rai, country head, Intel India, and vice-president, data platforms group, said in an interview. Edited excerpts:   Is the coronavirus outbreak prompting Intel India to rethink its business strategy?   There is an…

The U.S. Senate approved the Holding Foreign Companies Accountable Act (HFCAA) , sweeping legislation that could result in non-U.S. companies that fail to meet a number of strict criteria being barred from trading on U.S. stock exchanges. The bill was approved without objection. This would lead to Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. being barred from listing on U.S. stock exchanges amid increasingly tense relations between the world’s two largest economies.   The bill, introduced by Senator John Kennedy, a Republican from Louisiana, and Chris Van Hollen, a…

India would see a decline in new coronavirus (COVID-19) cases by May 16 was a “misinterpretation”, V.K. Paul, who leads the government’s COVID-19 committee on managing medical emergency, said at a media briefing on Friday.   “No one has ever said that the number of cases would go down to zero at a particular date, there is a misunderstanding, which needs to be corrected. For the misunderstanding, I feel sorry and apologise,” he said in a response to a question that sought an explanation.   As The Hindu  reported on April 24, Dr. Paul, NITI…