Category: News

  • Kejriwal’s Pride Leads to AAP’s Loss While BJP Makes Comeback

    Kejriwal’s Pride Leads to AAP’s Loss While BJP Makes Comeback

    Delhi’s lieutenant governor, Vinai Kumar Saxena, said that the Aam Aadmi Party (AAP) and its leader, Arvind Kejriwal, lost the recent election because of their pride. Saxena mentioned that Kejriwal made several disrespectful comments about Prime Minister Narendra Modi. According to him, these comments upset the people of Delhi, and they showed their feelings by voting the AAP out of power.

    Saxena pointed out that Kejriwal had once said that the Prime Minister would need to be born again to win in Delhi. He believes that when someone talks about another person with a sense of superiority, it shows either a big distance between them or an inflated sense of self-importance.

    In the recent elections, Arvind Kejriwal lost his seat to the BJP candidate, Parvesh Verma, by over 4,000 votes. The AAP, which had won 62 seats in the last election, only managed to win 22 seats this time. The Bharatiya Janata Party (BJP) made a strong comeback by winning 48 seats in Delhi after 27 years, with Rekha Gupta becoming the new chief minister.

    Saxena also commented on Atishi, who is the temporary chief minister. He noted that even though Kejriwal had promised to return as CM if AAP won, he is currently not allowed to sign documents or enter the CM’s office due to a Supreme Court ruling.

    Additionally, while Gupta presented a report on Delhi’s liquor policy, it revealed that poor management resulted in a loss of about ₹2,002.68 crore to the government. The audit highlighted various problems that led to this financial loss.

  • Ocean Infinity Restarts Search for Missing MH370 – New Hope Emerges

    Ocean Infinity Restarts Search for Missing MH370 – New Hope Emerges

    On Tuesday, Malaysia’s Transport Minister Anthony Loke announced that Ocean Infinity, a maritime exploration company, is starting the search again for Malaysia Airlines flight MH370. This plane disappeared over 10 years ago and is one of the biggest mysteries in aviation history.

    The Boeing 777, with 227 passengers and 12 crew members, disappeared while flying from Kuala Lumpur to Beijing on March 8, 2014. Loke told reporters that some details of the contract with Ocean Infinity are still being worked out but praised the company for their eagerness to help find the missing plane.

    When Will the Search Take Place?
    Loke did not specify when Ocean Infinity began its search efforts or how long it would last. He mentioned that the Malaysian government agreed in principle in December 2024 to resume looking for the wreckage of the missing flight. Despite extensive searches, the plane has never been found.

    Loke stated, “They (Ocean Infinity) have convinced us that they are ready. That’s why the Malaysian government is proceeding with this.” The firm will be paid $70 million if they find the wreckage and prove it is the missing flight. Loke emphasized that their priority is to support the families of those on board.

    Initially, Malaysian investigators suspected the plane might have been taken off course on purpose. In 2018, they worked with Ocean Infinity to search the area, but the company could not find the plane. Some debris, confirmed or believed to be from the aircraft, has been found along Africa’s coast and on islands in the Indian Ocean, and is currently held by the Malaysian government.

    Previously, Malaysia, Australia, and China conducted an underwater search over a large area of the southern Indian Ocean, based on satellite data from the plane. Over 150 passengers from China were on board MH370, and their families are seeking compensation from Malaysian Airlines, Boeing, Rolls-Royce (the engine maker), and the Allianz insurance group.

  • West Bengal in Turmoil: Woman’s Death Sparks Political Blame Game

    West Bengal in Turmoil: Woman’s Death Sparks Political Blame Game

    A serious argument erupted between West Bengal’s ruling party, the Trinamool Congress (TMC), and the main opposition party, the Bharatiya Janata Party (BJP). This happened after a woman died when her car flipped over. She was reportedly being chased by a group of men in another car in Paschim Bardhaman district.

    Union minister Sukanta Majumdar, who is also a BJP MP, accused Chief Minister Mamata Banerjee of making West Bengal unsafe for women. He stated, “Every day, terrible crimes happen against women, and the government does nothing to help!” He criticized Banerjee for promising to protect women but claimed that under her government, women are harmed instead.

    In response, TMC spokesperson Kunal Ghosh released a video. He said that the police believe this incident was just a traffic accident and denied that the woman was being harassed. He warned that false information is being spread about the woman’s death.

    The woman, who was just 27 years old and worked in management, died in what police are calling a “road accident.” According to police investigations, she was actually trying to overtake another vehicle when the crash occurred. However, her grieving mother raised concerns about the police investigation, saying they aren’t doing enough to find the people in the other car.

    The woman was traveling to a function in Gaya, Bihar, with three of her coworkers. Police have taken both cars involved in the incident and are currently investigating the case.

  • Delhi’s Air Quality: Moderate Days Ahead with Warmer Weather

    Delhi’s Air Quality: Moderate Days Ahead with Warmer Weather

    Delhi’s air quality has stayed in the “moderate” range for the seventh day in a row. On Tuesday, the lowest temperature was 11.7°C, which is a bit cooler than normal. The good news is that the temperature is expected to rise, with nighttime lows expected between 14-16°C on Wednesday, making the nights feel warmer.

    The India Meteorological Department (IMD) mentioned that both day and night temperatures will increase until Wednesday due to a weather change called a western disturbance affecting the area. Some light rain is possible on Thursday and Friday.

    As for daytime temperatures, they might reach about 30°C by Wednesday. On Monday, the highest temperature was 27.5°C, which is two degrees higher than usual. The day before, it was 26.1°C.

    The Air Quality Index (AQI) showed a reading of 188, still in the “moderate” range at 9am Tuesday. It was slightly better at 186 on Monday. Because of this, the Commission for Air Quality Management in the NCR decided to lift some restrictions under their Graded Response Action Plan.

    Thanks to better mixing height and good weather conditions, pollution in the air is spreading out more effectively, which has led to an improvement in air quality. The AQI is expected to stay mostly in the “moderate” range, with some chances of slipping to the lower end of the “poor” category.

  • Elephants Attack Devotees: Five Dead on Way to Temple in Andhra Pradesh

    Elephants Attack Devotees: Five Dead on Way to Temple in Andhra Pradesh

    A terrible accident happened in the Seshachalam forest on Tuesday morning around 5:30 AM. While walking to Mahashivratri celebrations at Lord Shiva’s temple in Talakona, at least five people were killed, and many others were hurt when a group of elephants attacked them.

    According to a police officer, the devotees tried to scare the elephants by shouting, but this made the elephants even angrier. They surrounded the people and charged at them. The frightened devotees ran, but some were caught by the elephants, leading to five deaths and several injuries.

    Rescue teams from the police and forest department quickly arrived to help. The injured were taken to the nearest hospital, where doctors said that two of them are in serious condition. The deceased devotees were from Urlagaddapadu village in the Railway Koduru Mandal. More updates are expected soon.

  • Putin: Building Trust with U.S. Key to Ukraine Peace Talks

    Putin: Building Trust with U.S. Key to Ukraine Peace Talks

    In a recent interview, Russian President Vladimir Putin said that Europe will need to be part of the peace talks about Ukraine, but first, he wants to build trust with the United States. Putin made these comments as Ukraine remembered the third anniversary of Russia’s invasion, which has caused many deaths and displaced millions of people.

    U.S. President Donald Trump mentioned that he thinks the war could end in just a few weeks, but he didn’t provide many details. Putin agreed that Trump has a practical approach to the situation but suggested that a resolution might still take time.

    Putin explained that recent talks in Saudi Arabia between the U.S. and Russia focused on improving relations between the two countries and weren’t meant for European nations. He emphasized that both Russia and the U.S. need to make efforts to build trust before making any big decisions about ending the conflict.

    Further, Putin expressed his willingness to discuss cutting military spending by up to half for both Russia and the U.S., with China possibly joining later.

    He also reassured that Trump is approaching the situation logically and is not restricted by promises made by European leaders, claiming Trump can speak freely and act without external pressures.

  • Why Indian Automakers Like Mahindra Will Thrive Despite Tesla’s Entry

    Why Indian Automakers Like Mahindra Will Thrive Despite Tesla’s Entry

    Tesla, the famous electric car company, is planning to set up shop in India. Some people worry this could hurt Indian car companies like Mahindra & Mahindra (M&M). However, market expert Sandip Sabharwal believes those worries are exaggerated. He thinks the recent drop in auto stocks is not reasonable.

    M&M has been seeing a lot of excitement for their new cars, with demand reaching over Rs 8,000 crore in just one day! This shows that customers still want M&M cars, even with Tesla entering the market. Tesla plans to make 8,000 cars in India, but they need to invest Rs 4,500 crore to get benefits from the government. This news has made some investors nervous, but Sabharwal says there’s no need to be.

    He points out that Tesla is different from local car makers. While some people might buy a Tesla for its brand, many others might find it too expensive and difficult to maintain, especially with issues like charging stations. For Tesla to compete well, it needs to establish good service and support in India, which will take time.

    Indian automakers, especially M&M, have strong ties with their customers. They offer reasonably priced cars and have a wide network of service centers across the country. Plus, M&M is already ahead in making electric vehicles that are perfect for Indian roads and tastes.

    Looking ahead, Sabharwal believes that the auto market will bounce back as people continue to buy cars. He expects a strong recovery in 2025, supported by the growing demand for vehicles.

    In conclusion, while the buzz around Tesla has made some people nervous, companies like Mahindra are still strong and ready to compete. The dip in auto stocks might be a chance for investors, as Indian car makers are likely to remain popular despite Tesla’s entrance.

  • Macron and Trump Seek Peace for Ukraine: What Comes Next

    Macron and Trump Seek Peace for Ukraine: What Comes Next

    French President Emmanuel Macron said on Monday that peace for Ukraine should not mean giving up. He talked with US President Donald Trump at the White House to find ways to move forward in helping Ukraine on the third anniversary of Russia’s invasion.

    Both leaders agreed that they could consider sending peacekeepers to Ukraine, but Trump insisted that Europe should take more responsibility. Meanwhile, Ukrainian President Volodymyr Zelensky was meeting with European leaders in Kyiv, asking for peace this year, as the United Nations supported Ukraine’s right to its land.

    However, the United States presented a statement at the UN that didn’t criticize Russia and instead sided with Moscow and North Korea, raising worries that Trump may be adopting Russia’s views. Macron told reporters, “This peace cannot mean the surrender of Ukraine. We want a quick deal but not a weak one.” He emphasized that it’s essential for the US to support any peacekeeping efforts in Europe.

    After having a phone call with Trump, Macron felt optimistic about finding a way to peace. Trump has recently shown interest in talking to Russian President Vladimir Putin to end the war without involving Kyiv. He believed they could end the war “within weeks” if they made smart decisions.

    Trump mentioned that Putin seemed open to having European troops as peacekeepers in Ukraine. This new approach has alarmed many, making them worry about the future support for Ukraine and Europe as a whole.

    Meanwhile, Putin indicated that businesses from the US and Russia are planning to work together on projects in occupied Ukraine. He also criticized Zelensky, calling him a “toxic figure” in Ukraine. Trump echoed this sentiment, describing Zelensky in unflattering terms.

    Trump and Putin might even meet soon in Saudi Arabia. Zelensky, who said he would resign for peace and a promise for Ukraine to join NATO, has called for genuine peace this year.

    The war, which began in February 2022, has become Europe’s biggest conflict since World War II, causing many deaths and suffering. However, Trump blamed Ukraine for sparking the war and stated he wants to change how the US handles foreign policy, which he deemed “foolish.” With Europe worried about Trump’s actions, Macron is trying to work out a united response.

    Overall, Macron is representing the European Union during his trip to the US, having met various leaders, including Hungary’s Prime Minister, who is friendly with Russia.

  • Investing in Gold ETFs: A Smart Move for Financial Stability

    Investing in Gold ETFs: A Smart Move for Financial Stability

    In today’s world, where things can be uncertain and money can go up and down easily, gold is still seen as a safe investment. In an interview with ETNow, Sanjay Bembalkar, who is Co-Head of Equity at Union Asset Management Company, talked about how important gold can be in your investment portfolio. He suggests that people should think about putting 15-25% of their money into gold, which could help make their investments more stable and diverse.

    What are Gold ETFs?
    Union AMC has recently created a Gold ETF Fund of Funds, which is designed to help investors diversify their money. Bembalkar says gold is special because it is rare and does not act the same way as stocks or bonds. This means that it can protect your investments when the market gets shaky. He mentioned, “Gold has different reasons for its value compared to stocks and bonds. This is why investors can benefit from it now and in the long run.”

    How Much Should You Invest in Gold?
    Bembalkar recommends that regular investors should put 15-25% of their investments into gold. Given today’s economic situation and India’s role in the global market, this percentage seems just right. In their own investment plan, Union AMC has decided to allocate 22% to gold.

    Gold ETFs vs. Physical Gold: Why Choose Paper Gold?
    Many people in India love owning physical gold, but Bembalkar points out the advantages of Gold ETFs, which are like owning gold on paper. Here are some of the benefits:

    – No Emotional Attachment: Paper gold doesn’t have sentimental value, making it easier to sell when you need to.
    – No Issues with Purity or Storage: You won’t need to worry about whether your gold is real or where to keep it.
    – Easy to Buy and Sell: Gold ETFs are simple to trade, making it easier to manage your investments.

    He explained, “When we own gold as ETFs, there are no emotional ties, and we avoid the stress about purity and storing it. This makes it a smarter choice.”

    Why Gold Makes Your Portfolio Stronger
    Bembalkar believes that Gold ETFs help in diversifying your portfolio. Gold and stocks usually move in opposite directions, which can help stabilize your investments when the market goes down. Bembalkar said, “Gold is a scarce resource with its own set of factors affecting its value compared to stocks and bonds. This quality makes it a fantastic asset for diversification, especially now.

  • BJP and Congress Clash Over Karnataka’s Financial Stability

    BJP and Congress Clash Over Karnataka’s Financial Stability

    On Monday, BY Vijayendra, the president of the BJP in Karnataka, claimed that the Congress-led state government is leading Karnataka towards financial ruin. This statement came after Chief Minister Siddaramaiah dismissed claims that the state was facing an economic crisis. Vijayendra wrote an open letter challenging the CM’s comments, saying that the government’s poor money management, wasted funds, and rising debts are harming the state’s finances.

    With the state budget coming up on March 7, Vijayendra pointed out some alarming issues. He mentioned that government departments owe around ₹6,000 crore in unpaid electricity bills. The transport department owes even more—₹7,000 crore. “Karnataka is heading towards complete bankruptcy under the Congress government. They are struggling to pay salaries. Power supply companies can’t pay their bills. The state is facing a severe financial crisis,” he stated. He also asked the government to release a detailed report about the state’s financial status.

    Vijayendra accused the Congress government of using ₹25,426 crore meant for welfare programs for Scheduled Castes and Scheduled Tribes but not following through on their promises. He tied this financial mismanagement to a lack of order in the state, saying things like the recent violent incidents in places such as DJ Halli and KG Halli have scared people and made crime worse.

    The BJP leader also criticized Deputy Chief Minister DK Shivakumar’s comment that “even God cannot fix Bengaluru’s traffic problems,” questioning the government’s ability to manage things. He pointed out that fare hikes on the Bengaluru Metro and state buses are putting extra financial strain on the people.

    Vijayendra warned that Karnataka’s debt has shot up by ₹2 lakh crore in just two years. “How much more will you borrow this year? Karnataka used to be a wealthy state but now can’t even pay its electricity and contractor bills,” he added. With the budget session approaching, he urged Siddaramaiah to focus on stabilizing the economy. He expressed concern that if the government keeps mismanaging funds, the state could face even worse financial trouble.

    In response to this, Chief Minister Siddaramaiah said that the BJP’s claims are misleading. He argued that it was the previous BJP government that drove the state’s economy into trouble. “The BJP left behind ₹2,70,695 crore in unpaid bills in various important departments. They approved spending without real planning,” he stated.

    Siddaramaiah accused the BJP-led central government of holding back financial resources that Karnataka should have received. He mentioned that changes in tax distribution mean Karnataka is getting ₹51,000 crore instead of the ₹73,000 crore it deserves. He also pointed out that cutting off GST compensation created a revenue shortfall of ₹18,000-₹20,000 crore each year. Despite these issues, he insisted that Karnataka’s economy is steady. “Our budget grew by an average of 18.3% over the last two years, while it only grew by 5% during the BJP’s four years,” he claimed.

    Siddaramaiah highlighted that the state is spending ₹90,000 crore each year on direct benefits and subsidies. He criticized the central government for its rising national debt and argued that this affects state finances. Karnataka is allocating 15.01% of its budget to capital projects, more than states like Maharashtra, Tamil Nadu, and Telangana. “Despite the BJP’s attacks, Karnataka remains strong,” Siddaramaiah concluded, asking the opposition to stop spreading false information and work for the state’s growth.

    As both parties clash over these issues, the upcoming budget session is set to be a heated debate on Karnataka’s economic future.