Author: Rasmita Jena

  • China’s New Strategy Sparks Stock Market Rally: What You Need to Know!

    China’s New Strategy Sparks Stock Market Rally: What You Need to Know!

    Stocks in Hong Kong and Shanghai rose sharply on Tuesday after China promised to make it easier for people and businesses to borrow money. This is part of a new plan to help revive China’s struggling economy. President Xi Jinping and other leaders said they would use a more relaxed approach to money management, which raised hopes for lower interest rates.

    This announcement is significant because it marks the first major change in China’s economic policy in over ten years. The news also comes at a time when there are worries about President-elect Donald Trump’s tough trade policies, which could create more tension between China and the United States.

    In recent years, China’s economy has faced many challenges, including weak consumer spending and problems in the property market. Leaders have been trying to kickstart growth while cautiously managing the economy. Shehzad Qazi, from a consulting firm, pointed out that China is focusing more on its financial strategies for 2025 now that they are preparing for possible tariffs from Trump.

    Hong Kong’s stock market jumped more than 3% at the start of trading on Tuesday, building on a nearly 3% increase the day before. The Shanghai stock market, which finished before the news was out, rose over 2% in early trading on Tuesday.

    However, some experts cautioned that past government announcements have often fallen short of expectations. They believe that for the new monetary policies to work, trust in businesses and households must be restored.

    Meanwhile, in South Korea, the stock market bounced back by more than 2% after President Yoon Suk Yeol temporarily declared martial law on December 3. Although he quickly withdrew the order, it had already caused panic in an economy that’s been struggling with its own issues, especially with Trump promising to return to strict trade measures.

    Yoon narrowly avoided being removed from office during a vote in parliament, but he faces multiple investigations into his actions. The South Korean won improved slightly against the dollar but remains weak due to ongoing uncertainty.

    Most other Asian markets had mixed results, with Japan, Singapore, and Manila showing gains, while Sydney, Taipei, Wellington, and Jakarta experienced declines. The overall mood was cautious, as investors awaited important inflation data from the US later this week.

    Key Market Updates:

    – Hong Kong’s Hang Seng Index: Up 1.4% at 20,692.44
    – Shanghai Composite: Up 1.5% at 3,492.45
    – Seoul’s Kospi: Up 2.4% at 2,416.00
    – Tokyo’s Nikkei 225: Up 0.1% at 39,197.42

  • Luigi Mangione Arrested: CEO Murder and Disturbing Manifesto Revealed

    Luigi Mangione Arrested: CEO Murder and Disturbing Manifesto Revealed

    Luigi Mangione, a 26-year-old man, was arrested on Monday because he is a person of interest in the murder of Brian Thompson, the CEO of UnitedHealthcare. This tragic event happened in midtown Manhattan on Wednesday.

    Mangione, who grew up in Maryland, has a strong education background. He went to Gilman School in Baltimore, where he was the top student and an athlete. After that, he studied at the University of Pennsylvania to focus on computer game design. He also worked as a head counselor at a program for high school students at Stanford University in 2019.

    Luigi’s family is wealthy, owning real estate and rehabilitation centers. He has lived in San Francisco and Honolulu and has no serious criminal record, just a minor trespassing citation in Hawaii.

    His Manifesto Against Corporations

    Luigi was carrying a manifesto that attacked corporate America when he was arrested. A police officer shared that the manifesto suggested Luigi thought violence was the only way to make a change. He mentioned feeling bad about the trauma caused but believed killing Thompson was necessary. There were also engravings on bullet casings he left behind that said, “Deny, defend, depose.”

    Luigi’s Online Presence

    On social media, Mangione identified himself as being from Towson, Maryland. Reports say his family owns a country club and a radio station, and he has a cousin in local government. His posts included criticisms of artificial intelligence and concerns about how smartphones affect children. He also admired Ted Kaczynski, known as the Unabomber, calling his book about society very insightful.

    Overall, this tragic story raises questions about violence and its connection to angry feelings towards corporations.

  • Trump Appoints Harmeet K. Dhillon as New Assistant Attorney General

    Trump Appoints Harmeet K. Dhillon as New Assistant Attorney General

    On Tuesday, US President-elect Donald Trump announced that he has nominated Harmeet K. Dhillon, a lawyer of Indian-American descent, to be the Assistant Attorney General for Civil Rights at the Department of Justice. In a post on Truth Social, Trump expressed his happiness about the nomination, saying, “Harmeet K. Dhillon has always fought to protect our essential freedoms.”

    Trump highlighted her actions in defending free speech against big tech censorship and supporting Christians during COVID when they were not allowed to gather for prayer. He also mentioned her legal battles against companies that practice unfair policies against their employees.

    “Harmeet is one of the top election lawyers in the country, working hard to make sure that only legal votes count,” Trump said. She studied at Dartmouth College and the University of Virginia Law School and has experience clerking for the U.S. Fourth Circuit Court of Appeals. She is also respected within the Sikh community.

    Trump believes that in her new role at the DOJ, Harmeet will be a strong defender of our rights and will ensure civil and election laws are enforced fairly.

    Harmeet K. Dhillon is the fourth person of Indian origin selected for Trump’s new cabinet. The three others include Kash Patel, a loyal supporter of Trump, and Tulsi Gabbard and Vivek Ramaswamy, who both have strong ties to their Hindu background. Tulsi Gabbard, while not directly connected to India, often shares her Hindu beliefs through chanting and prayers.

  • Achyut Healthcare & More: Key Stock Changes You Need to Know!

    Achyut Healthcare & More: Key Stock Changes You Need to Know!

    Today is an important day for Achyut Healthcare and three other companies as they are making some big changes that could affect their stock prices. These changes include giving out extra shares, splitting shares into smaller pieces, and offering dividends. Today is the record date, which means it’s the date that decides who is eligible for these offers.

    What is the Record Date?
    The record date is when companies see who owns their shares. To get a bonus or participate in a stock split, you must have the shares in your demat account by this date. If you buy the stock on the record date (or after), you miss out on special offers.

    Important Stock Updates for December 10:

    1. Achyut Healthcare: Bonus Shares!
    Achyut Healthcare is giving out extra shares in a 4-for-10 bonus issue. This means that for every 10 shares you own, you will get 4 more! This record date is also important as the company has split its shares from a value of Rs 10 to Rs 1. This is their first time doing a stock split.

    2. Global Education: Stock Split!
    Global Education is also splitting its shares, reducing their value from Rs 5 to Rs 2. This means they are making their shares smaller, and this is the second time they are doing this.

    3. Shradha AI Technologies: Another Split!
    Shradha AI Technologies is reducing the value of its shares from Rs 5 to Rs 2 for the second time.

    4. Shradha Infraprojects: Stock Split!
    Shradha Infraprojects is splitting their shares from Rs 5 to Rs 2. This is the second time they’ve done this in 2023.

    Why is This Important?
    The changes in shares could change how much you earn if you are an investor. If you want to take part in these offers, make sure to buy your shares before the ex-date.

    Stock Performance:
    – Achyut Healthcare shares are up by 63% in the last year.
    – Global Education shares went down by 34% in the last year but gained over 850% in three years.
    – Shradha AI Technologies shares are up by 150% in the last year.
    – Shradha Infraprojects shares are up by about 170% in the last year and have gained 127.3% in six months.

    Stay tuned for more updates on these exciting changes in the stock market!

  • Rural Literacy in India Rises Over 10% in Just 10 Years!

    Rural Literacy in India Rises Over 10% in Just 10 Years!

    In the last ten years, the number of people reading and writing in rural India has gone up by more than 10%. This means more people can read books, write letters, and send messages!

    A special update was shared in the Lok Sabha on Monday by Jayant Chaudhary, who works as the Union Minister of State for Education. He told everyone that the reading and writing skills of women in rural India increased by 14.5% during this time.

    Here are some interesting numbers:

    – The overall literacy rate in rural India went from 67.77% in 2011 to 77.50% in 2023-24.
    – For women, literacy jumped from 57.93% to 70.40%.
    – For men, it increased from 77.15% to 84.70%.

    The Indian government has a plan to get everyone reading and writing, especially in villages. They have started programs like the Samagra Shiksha Abhiyan, Saakshar Bharat Mission, Padhna Likhna Abhiyan, and the ULLAS-Nav Bharat Saksharta Karyakram. These programs have helped many people, especially those who live in areas with less education.

    Chaudhary highlighted a program called ULLAS, launched in April 2022. This program is designed to help people aged 15 and older to learn reading, writing, math skills, and even job skills. It focuses on teaching based on local needs since India has many different languages and cultures. This means that volunteers help teach in ways that fit each community.

  • Supreme Court Urges Focus on Jobs Over Free Food for Migrant Workers

    Supreme Court Urges Focus on Jobs Over Free Food for Migrant Workers

    On Monday, the Supreme Court asked how long the government can continue giving free food to people. The judges were surprised to learn that 81 crore people are receiving free or cheap food from the National Food Security Act. They noted that only tax-payers are left out of this support. Advocate Prashant Bhushan, who is representing an NGO in a case about the struggles of migrant workers during the Covid pandemic, suggested that all migrant workers registered on the e-Shram portal should be given free food too.

    The judges inquired, “How long will we keep giving handouts? Why not focus on creating jobs and helping these workers build their skills?” Bhushan mentioned that the court has previously told states to issue food cards to help migrant workers get their share of free food. He added that even those without food cards but registered on the e-Shram portal should receive free food. The judges expressed concern that if states are told to give out more food cards, many workers might leave instead of staying in their jobs.

    They also recognized that accurate data on the number of migrant workers is crucial, but the government is still relying on data from the 2011 Census. Looking forward, Justice Surya Kant said there should not be a divide between the Centre and states when it comes to helping these workers.

    Solicitor General Tushar Mehta defended the government’s actions, saying that the court’s previous orders were specific to the pandemic and that they have to follow the National Food Security Act. The court has recently pointed out the issues with giving free food, saying the situation during Covid was different. Back in June 2021, the Supreme Court had given clear instructions to the authorities to help migrant workers and create a database to track them for welfare benefits.

    On September 2, the court asked the Centre to provide updates on their efforts to give food cards and other support to migrant workers. The government claimed they were helping everyone who qualifies under the National Food Security Act. The Supreme Court criticized the government for not quickly setting up a national database for unorganised workers, emphasizing the need for timely assistance to migrant workers throughout the pandemic.

  • Modi Talks Constitution: Key Issues and Concerns in Parliament

    Modi Talks Constitution: Key Issues and Concerns in Parliament

    Prime Minister Narendra Modi will talk about India’s Constitution on Saturday, December 14, in the Lok Sabha (the lower house of Parliament). The discussions will happen on December 13 and 14 in the Lok Sabha, and on December 16 and 17 in the Rajya Sabha (the upper house). Union Home Minister Amit Shah will lead the discussions in the Rajya Sabha on December 16.

    This plan came after an all-party meeting led by Lok Sabha Speaker Om Birla, as there have been many interruptions and little progress in Parliament’s winter session, which started on November 25. The session will last until December 20 and is mainly focused on the 75th anniversary of the Indian Constitution.

    However, the Opposition is worried about possible changes to the Constitution following some recent statements by important BJP leaders.

    Trinamool Congress (TMC) MPs will talk about the violence against minority communities, especially Hindus, in Bangladesh. They urge the government to take stronger action.

    The Samajwadi Party (SP) MPs will raise the issue of violence in Sambhal, Uttar Pradesh, and demand justice and a fair investigation. Meanwhile, the Congress party is still focusing on the Adani issue, accusing the ruling BJP of corruption related to the Adani Group. TMC leaders also plan to discuss other major issues like unemployment, rising prices, and unfair treatment of states ruled by the Opposition.

  • Juan Soto Signs Record $765 Million Contract with Mets!

    Juan Soto Signs Record $765 Million Contract with Mets!

    In a stunning move in sports, outfielder Juan Soto has agreed to a jaw-dropping 15-year contract worth $765 million with the New York Mets, according to reports. This deal is possibly the biggest in sports history! Just a few days ago, ESPN shared that Soto has chosen to leave the New York Yankees for the Mets.

    Soto’s new contract beats Shohei Ohtani’s $700 million deal when he switched from the Los Angeles Angels to the Dodgers just a year prior. Soto’s contract also surpasses the total career earnings of famous athletes LeBron James and Tom Brady, which is $761 million combined!

    The Mets’ owner, Steve Cohen, is known for spending big on players. In fact, he invested a record $341.8 million on his team’s 40-man roster for the 2024 season.

    Juan Soto is an amazing outfielder from the Dominican Republic. He has played for teams like the Washington Nationals and the San Diego Padres. Soto signed with the Nationals as a young free agent in 2015 and made his major league debut in 2018. He was a finalist for the National League Rookie of the Year Award that year. Soto played a crucial role in helping the Nationals win their first World Series Championship in 2019 and earned the Babe Ruth Award for his performance.

    In 2020, he won the National League batting title with an impressive .351 batting average. Over his career, Soto has won the Silver Slugger Award five times and is a four-time All-Star. He is known for having excellent plate discipline, ranking fifth in baseball history for walk rate and 17th for career on-base percentage among players with at least 4,000 plate appearances by the end of the 2024 season.

    During his rookie year in 2018, Soto became popular for his unique moves in the batter’s box. After he takes a pitch for a ball, he performs a fun dance called the ‘Soto Shuffle,’ where he swings his hips, brushes the dirt with his leg, taps his leg, hops, or squats while staring at the pitcher.

  • Waqf Board Receives No Land from Government Since 2019: Key Updates

    Waqf Board Receives No Land from Government Since 2019: Key Updates

    The Central government hasn’t given any land to the Waqf Board since 2019, said the Union Housing and Urban Affairs Ministry in the Rajya Sabha on Monday. Minister Tokhan Sahu explained that land issues are mainly handled by state governments, so the central ministry doesn’t have records of land given by them. He also confirmed that no land has been provided by the Government of India to the Waqf Board in this time.

    In August, the government introduced the Waqf (Amendment) Bill, which then went to a special committee after a lot of debate. The government claimed that the new law would not interfere with mosques. However, the opposition argued that it unfairly targets Muslims and goes against the Constitution.

    Recently, Jagdambika Pal, who leads the special committee, mentioned that they have contacted state governments to find out details about disputed Waqf properties in their areas. This came after a meeting of the committee on December 5, which was the first after they received extra time to work until the end of the next year’s Budget Session.

  • Manipur Government Lifts Internet Ban in Nine Districts Amid Improved Safety

    Manipur Government Lifts Internet Ban in Nine Districts Amid Improved Safety

    The Manipur government has lifted the internet ban that was in place in nine districts since November 16. This decision was made because there have been no new violent incidents recently. N. Ashok Kumar, the Commissioner for Home Affairs, said that the government checked the safety of the area and decided to allow internet services again in Imphal West, Imphal East, Bishnupur, Thoubal, Kakching, Kangpokpi, Churachandpur, Jiribam, and Pherzawl.

    The Governor of Manipur has officially ended the internet suspension. However, they reminded everyone to use the internet responsibly and warned that any trouble could lead to a temporary ban in the future.

    Recently, violence broke out in Jiribam district after the bodies of six women and children were found. Armed groups clashed with security forces, resulting in the death of around 10 armed militants. Two CRPF officers were also injured in the fighting. Some local groups said that those who died were village volunteers, not militants. A security advisor stated that since May 3 last year, at least 258 people have lost their lives in the ongoing violence.