Category: News

  • Tokyo’s New 3-Day Workweek: Boosting Family Life & Birth Rates

    Tokyo’s New 3-Day Workweek: Boosting Family Life & Birth Rates

    Starting April 2025, the Tokyo government will let its workers take an exciting new approach to their jobs: three days off every week! This change aims to help families, especially parents, balance their work and home lives better. Tokyo Governor Yuriko Koike explained in her speech that this plan will help people keep their jobs while managing life events, like having children. She said, “Now is the time for Tokyo to lead the way in improving life for our citizens.”

    Why Japan Needs Change

    Right now, Japan is facing a big problem: not enough babies are being born. The birth rate has fallen to only 1.2 children per woman, which is much lower than what is needed to keep the population stable. In just one year, there were only about 727,000 births in Japan, with Tokyo’s rate being even worse at 0.99. If this continues, the population could drop from 128 million today to just 87 million by 2060.

    To encourage more people to have babies, the government has tried different methods, like urging men to take time off for their newborns. However, experts believe that Japan’s tough work culture—where people often work long hours—makes having kids harder for many families. Currently, only 55% of women work compared to 72% of men, which shows a big gap in job participation.

    The Challenge of Work-Life Balance

    Japan is known for its grueling work culture, where long hours can lead to “karoshi,” or death from overwork. This makes it difficult for many women to choose between their jobs and raising kids. The International Monetary Fund has found that women in Japan spend five times more time on housework than men. Many women reported they wanted more children but felt too stressed from their responsibilities at home.

    A shorter workweek could really help by giving families more quality time together and easing the stress on parents. As Governor Koike mentioned, no one should have to give up their career for family responsibilities, which could help increase the birth rate.

    Positive Signs from Around the World

    The idea of a four-day workweek is gaining traction globally. Companies in other countries are trying shorter work hours to improve employee happiness and attract talent. A study from 2022 found that over 90% of workers in six countries reported feeling healthier and less stressed when they worked fewer days. Men in these studies also took on more housework and parenting.

    According to workplace expert Peter Miscovich, these shorter workweeks can lead to less stress and burnout, better focus during work, and even more commitment to the job!

    Cultural Changes Are Needed

    While the four-day workweek has proven to be successful in some places, it might be slow to catch on in Japan. In Japanese businesses, working long hours is often seen as a sign of loyalty. Changing this mindset won’t be easy.

    Tokyo’s new plan is a crucial step as Japan faces ongoing population decline. In addition to supporting families, Japan is also looking to make workplaces more family-friendly. For example, Singapore recently made companies consider flexible work options like shorter workweeks.

    As Tokyo moves ahead with these ideas, the success of this initiative might inspire other cities in Japan and beyond to adopt similar family-supportive measures.

  • India Safely Evacuates 75 Citizens from Syria Amid Conflict

    India Safely Evacuates 75 Citizens from Syria Amid Conflict

    On Wednesday, India safely brought home 75 of its citizens from Syria, including 44 pilgrims from Jammu and Kashmir. This happened after rebel forces took control of Damascus, the capital of Syria. The people evacuated were able to cross over to Lebanon and will return to India on commercial flights, as confirmed by the Ministry of External Affairs.

    The evacuation was organized by the Indian embassies in Damascus and Beirut. The Indian government acted after assessing the security situation and receiving requests for help from its nationals in Syria. Among those evacuated were 44 “zaireen”, or pilgrims, who were visiting Sayyidah Zaynab, a significant religious site for Shia Muslims, where many go to seek healing.

    The Ministry of External Affairs advised any remaining Indian citizens in Syria to stay connected with the Indian embassy in Damascus. They can reach out via an emergency helpline at +963 993385973 (which is also available on WhatsApp) or email at [email protected] for updates.

    The Indian government emphasizes the safety of its citizens abroad and will keep a close watch on the situation. Earlier this week, India, along with other nations, called for peace and stability in Syria after opposition forces overthrew President Bashar al-Assad. The rebel group, mainly Hayat Tahrir al-Sham (HTS), which was previously linked to al-Qaeda, easily entered Damascus and ended over 50 years of Assad’s rule.

    Once, Syria had many Indian families, but due to the ongoing civil war, the number has dropped to about 90. This includes 14 Indians working with various United Nations organizations and NGOs.

  • Swiggy Shares Fall: Investors React as Lock-in Period Ends”

    Swiggy Shares Fall: Investors React as Lock-in Period Ends”

    Swiggy, a new platform that delivers food and groceries, saw its shares drop by 4.4% on Wednesday morning, reaching a low of Rs 519.50 on the BSE stock exchange. This happened because 6.5 crore shares, which represent 3% of all Swiggy shares, became available for trading after the end of a lock-in period for early investors. Some of these investors might have sold their shares to take profits.

    Despite this drop, Swiggy’s stock is still up about 33% compared to its initial public offering (IPO) price. Just before this drop, the stock climbed over 5% after a global brokerage called CLSA gave it a positive review, saying it expects Swiggy to grow and become more profitable. CLSA thinks that the demand for fast delivery services in India will grow six times from 2024 to 2027.

    In its latest financial report, Swiggy shared that its revenue grew by 30% year-over-year, reaching Rs 3,601.5 crore, a jump from Rs 2,763.3 crore in the previous quarter. This shows strong growth for the company, as the total value of customer orders also rose 30% to Rs 11,306 crore.

    Another research firm, Motilal Oswal, believes that Swiggy’s food delivery business will grow by 12.5% annually, while its quick delivery service is expected to grow even faster at 23.6% per year. They mentioned that Swiggy plans to grow quicker than its main competitor, Zomato, in the food delivery sector.

    Swiggy also has ambitious plans, including doubling the number of its dark stores (warehouses for quick deliveries) by March 2025 and investing Rs 1,600 crore in its Scootsy Logistics. Additionally, they are starting a new subsidiary focused on sports ventures.

  • Indian Overseas Bank Gains ₹1,359 Crore Refund and 24% Profit Surge!

    Indian Overseas Bank Gains ₹1,359 Crore Refund and 24% Profit Surge!

    Indian Overseas Bank (IOB) is in the spotlight after getting a big refund! The bank announced that it will receive Rs 1,359.29 crore (over Rs 1,359 million) from the tax department for the assessment year 2015-16. This amount includes extra money for interest as stated in tax law. The refund order was issued on August 17, 2024, and the bank learned about it on December 10, 2024, through the Income Tax Portal.

    This refund comes after earlier decisions were made by tax officials in March and December 2023.

    In the last three months of 2024, Indian Overseas Bank also reported a big jump in profits. They made Rs 777 crore, which is 24% more than the same time last year when they earned Rs 625 crore. This increase was due to more interest income and new customers. The total interest earned during this period was Rs 6,851 crore, compared to Rs 5,821 crore a year earlier.

    The bank’s problems with unpaid loans, known as non-performing assets (NPAs), also improved. The gross NPA dropped to 2.72% from 2.89% in the previous quarter, and the net NPA fell to 0.475%. In simple terms, they are doing better at collecting money owed to them.

    As for the stock market, IOB’s shares closed at Rs 56.8, down by 1% recently. However, the stock has risen by 30% in 2024 and has increased by 120% over the past two years, making its total market value Rs 1,07,460 crore.

  • South Korea’s President Yoon Investigated; Police Raid Office

    South Korea’s President Yoon Investigated; Police Raid Office

    On Wednesday, South Korean police searched the presidential office, as President Yoon Suk Yeol is being investigated for declaring martial law. This decision has raised concerns about his actions, even though he hasn’t been arrested or questioned yet.

    The police have also searched other places, including the National Police Agency and the National Assembly Security Service. The top police leaders, including National Police Agency Commissioner General Cho Ji Ho and Seoul’s police chief Kim Bong-sik, are under investigation for helping enforce the martial law last week.

    The situation is serious as the main opposition party plans to introduce a new impeachment motion against President Yoon on Saturday. This comes after a previous impeachment attempt failed because ruling party members did not participate in the vote.

    The tensions over Yoon’s martial law declaration have caused political chaos, affected international relations, and disturbed financial markets, making many question whether he can finish his term as president.

    After the earlier impeachment attempt, a leader from Yoon’s party suggested they might look to hold early elections, hinting that Yoon could be sidelined. This has drawn criticism as many believe it goes against the Constitution, which states that impeachment is the only way to temporarily remove presidential powers. The Defense Ministry confirmed that Yoon is still in charge of the country’s military.

    The two detained police leaders are currently being held at a city police station as investigators look into their actions during the martial law situation that started on the evening of December 3.

  • Kushayb’s War Crimes Trial: Wrapping Up Horrors of Darfur

    Kushayb’s War Crimes Trial: Wrapping Up Horrors of Darfur

    The trial of a powerful Sudanese militia leader, Ali Kushayb, is ending this week at the International Criminal Court (ICC). He faces serious charges for crimes committed in Darfur during Sudan’s civil war, including rape, murder, and torture. Prosecutors say he was a key figure in the Janjaweed militia, responsible for attacking villages and harming many innocent people.

    During the war from 2003 to 2004, it’s reported that civilians were hurt, homes were destroyed, and thousands were forced to flee. The ICC prosecutor explained that Kushayb led group attacks where people were captured and killed without mercy. He has denied all wrongdoing and claims he is not guilty.

    This case is important because it is the first one brought up after the UN Security Council sent it to the ICC. Sudan is still facing violence today between two fighting groups, which has resulted in many more deaths and displacements. Just recently, an airstrike in North Darfur killed over 100 people during a market attack.

    The ICC is also looking into the current situation in Sudan, and the prosecutor hopes to hold more people accountable for their actions soon.

  • South Korea’s Police Chiefs Arrested in Martial Law Investigation

    South Korea’s Police Chiefs Arrested in Martial Law Investigation

    Two of South Korea’s top police officers have been arrested as part of an investigation into President Yoon Suk Yeol’s recent martial law declaration. This news comes just before the main opposition party, the Democratic Party, plans to vote on a new impeachment motion against Yoon.

    Last week, Yoon’s former defense minister, Kim Yong Hyun, was also arrested. He is accused of leading the effort to enforce martial law and misusing power. Kim is the first person arrested related to the martial law situation from December 3.

    The police chiefs, Cho Ji Ho and Kim Bong-sik, are being held at a police station in Seoul. They are under investigation for sending police to block members of parliament from entering to vote against the martial law decree. Armed troops were also sent to the parliament but were unable to stop lawmakers from rejecting the martial law quickly.

    During a hearing, Army Special Warfare Command chief Kwak Jong-keun said that he received direct orders from Kim Yong Hyun to stop lawmakers from entering Parliament. Yoon reportedly also called Kwak and asked to remove lawmakers forcefully. Although they discussed the orders, taking physical action against lawmakers was ruled out.

    An officer from the military’s intelligence unit shared that his superior asked if there was a place to detain political figures after martial law was declared. Meanwhile, the opposition argues that the martial law was illegal, as it can only be declared in times of war or severe emergencies. In Yoon’s announcement, he called for a need to fight against his political rivals.

    Many believe this unfolding situation could lead to Yoon being impeached. If that happens, his powers would be paused until a court decides his fate. If removed, a new election would be held.

    North Korea’s state news agency took notice of the protests happening in South Korea, using harsh words against Yoon, labeling him a “traitor.” This indicates that North Korea is aware of the unrest, which could inspire its own people who lack access to outside news.

  • “Press Act: Urgent Need to Protect Journalists in Changing Politics

    “Press Act: Urgent Need to Protect Journalists in Changing Politics

    In 2021, Attorney General Merrick Garland made new rules to protect journalists. These rules say that the government shouldn’t go after journalists’ notes or communications with their sources unless there’s a serious situation, like preventing violence. But these rules can change with different leaders.

    Now, President-elect Donald Trump is coming into power, and he has a history of being unfriendly to journalists. He wants Congress to stop these protections, saying they shouldn’t pass a bill called the Press Act, which would make these protections into law. This act has already passed the House of Representatives without any arguments and would stop the government from using tools like subpoenas to invade reporters’ privacy.

    Some Republican senators support this bill, but Trump’s disapproval makes them think twice. In the past, both Democratic and Republican leaders have attacked reporters to find out their sources, which is dangerous for Free Speech. If reporters can’t keep their sources secret, people might be afraid to share information that helps the public.

    Some critics believe this bill could cause more leaks that would hurt national security. But the reality is that recent government rules didn’t lead to more leaks. It is important now to stand up for journalists because they are vital for uncovering government misconduct. Leaders in the Senate, like Chuck Schumer, need to push to make the Press Act a reality before Congress ends this year.

  • U.S. Eyes Tougher Sanctions on Russian Oil Trade: What You Need to Know”

    U.S. Eyes Tougher Sanctions on Russian Oil Trade: What You Need to Know”

    The U.S. government is thinking about putting stronger rules on Russia’s oil trade. They want to make it harder for Russia to fund its military, especially with Donald Trump coming back to the White House soon. According to Bloomberg News, the plans aren’t final yet, but President Joe Biden’s team is looking at options that could target some Russian oil exports. These new rules aim to limit the money Russia makes from selling oil and to help stop the conflict

  • Cautiously Optimistic: Kotak’s Nifty Target at 26,100 by December 2025

    Cautiously Optimistic: Kotak’s Nifty Target at 26,100 by December 2025

    Mumbai: Kotak Securities has shared a prediction for the Nifty index, setting a target of 26,100 points by December 2025. This means they expect it to go up by 6% from its current level of 24,610, which is where it closed recently.

    The company mentioned that there are important reasons for being “cautiously optimistic.” For example, they’re concerned that the country’s economic growth (GDP) has dropped to 5.4%, and inflation is expected to go over 6% in October. Additionally, they noted that policies from the Trump administration and a stronger dollar might affect the market.

    Kotak Securities believes some sectors like Banking, Financial Services, and Insurance (BFSI), Information Technology (IT), real estate, and pharmaceuticals will perform better in the coming years. They also advised investors to be realistic about their return expectations. Shripal Shah, the CEO, suggests that it’s time to focus on finding good value in investments instead of just following trends.

    He noted that there has been a strong rally in smaller and larger company stocks, and now it’s important to be careful. The company also predicted that gold and silver will stay strong in 2025 due to demand for safety and industrial use, but a strong dollar and Trump’s economic decisions might limit huge price increases.