Category: News

  • Jaipur School’s Holi Ban: Safety or Controversy? Here’s What Happened

    Jaipur School’s Holi Ban: Safety or Controversy? Here’s What Happened

    A private school in Jaipur, St. Angela Sophia School, has sparked controversy for telling students not to bring colors or celebrate Holi at school. Rajasthan’s education minister, Madan Dilawar, criticized this decision and wanted the Central Board of Secondary Education (CBSE) to take action. He said Holi is an important festival in India and it’s sad that students were warned they might not be allowed to take exams if they celebrated.

    After receiving backlash, the school’s principal, Sister Cynthia, explained that the rule was meant to protect students from synthetic and chemical colors, which can cause allergies or harm. She assured everyone that Holi would still be celebrated at the school on March 12, after exams, using only natural colors and flowers.

    Sister Cynthia emphasized that the main goal was to keep students safe during exam season. She stated, “We want our students to enjoy Holi without any risks. Our celebration will be safe, using flowers instead of harmful colors.”

    Holi is celebrated in the month of Phalgun, with Choti Holi on March 13 and the main celebration on March 14.

  • Trump Accuses Canada of Tariff Abuse Over Electricity Price Hike

    Trump Accuses Canada of Tariff Abuse Over Electricity Price Hike

    On Monday, President Donald Trump called Canada a “tariff abuser” after Ontario raised electricity prices for three U.S. states. Trump said the U.S. doesn’t need energy from Canada anymore.

    “Ontario has just put a 25% tax on electricity,” Trump said, claiming that Canada shouldn’t be allowed to do this. He added that the U.S. will not pay for Canada’s products anymore.

    “We don’t need your cars, lumber, or energy, and soon you’ll see that,” Trump said.

    These comments came after Ontario announced a higher export tax that affects around 1.5 million American customers in Minnesota, New York, and Michigan. Ontario’s Premier, Doug Ford, warned he might increase the tax or even cut off electricity if the U.S. retaliates.

    “I feel bad for the American people who didn’t start this trade war; it’s all President Trump’s fault,” Ford said.

    Trump has previously suggested absorbing Canada and caused confusion in trade between the two countries since he took office, according to reports.

  • Kremlin Warns Against False Hope in U.S.-Ukraine Relations

    Kremlin Warns Against False Hope in U.S.-Ukraine Relations

    The Kremlin warned Russians not to get too excited about recent actions by U.S. President Donald Trump regarding Ukraine. Speaking at a school in Moscow, spokesman Dmitry Peskov told people to avoid seeing things only in a positive light. He mentioned concerns about Elon Musk possibly cutting off the Ukrainian military from his Starlink internet service, as well as Trump’s recent choice to stop military aid to Ukraine.

    “Don’t rush to think everything is great,” Peskov said. “We should hope for the best, but also be ready for tough times. We need to protect our own interests.” His warning came as U.S. officials were set to meet with Ukrainian leaders in Saudi Arabia, partly to see if Ukraine would agree to make any concessions to Russia to help end the war.

    Peskov stated that Russia is still achieving its goals on the battlefield in Ukraine, no matter what the U.S. decides. He claimed that Ukraine has so many weapons that it can keep fighting for months, even with the pause in U.S. military support.

  • Youth Violence in Kerala: Understanding the Growing Problem

    Youth Violence in Kerala: Understanding the Growing Problem

    Thiruvananthapuram – In a recent meeting, Kerala’s Excise Minister, M B Rajesh, explained that many young people, including students, have developed a growing problem with violence. He mentioned that violence is becoming like a drug to them, with many showing what he called a “sadistic mindset,” meaning they find pleasure in causing harm to others.

    When asked about how schools are teaching kids about the dangers of alcohol and drugs, Rajesh said that the problem isn’t just about drugs; it’s also that many kids are turning to violence for excitement. He pointed out that popular web series, movies, and social media are contributing to this increase in violent behavior.

    To help combat this issue, the Sports Minister, V Abdurahiman, announced that starting May 1, there will be a large anti-drug campaign across the state. This campaign will show students that sports can be a fun alternative to drugs. The minister asked all local leaders to pitch in and help make this campaign successful.

    Rajesh stressed that we need to work together to find solutions. He mentioned that there’s a problem of “apoliticalism,” meaning that there aren’t strong groups to hold accountable for the violence. To tackle these issues, student and youth groups should join the efforts to reduce drug use and violence.

    The government is taking actions like forming committees in schools to keep an eye on things and creating easy-to-read materials that teach students about the harm caused by drugs. These materials will also be used in school textbooks so that kids learn about these risks all year long.

  • IndusInd Bank’s 22% Share Drop: A Major Accounting Error Explained

    IndusInd Bank’s 22% Share Drop: A Major Accounting Error Explained

    This morning, over 640,000 shareholders of IndusInd Bank were shocked to see their shares drop by 22%. The bank revealed that it made a big mistake in its accounting, reporting an error of about ₹1,577 crore (which is a lot of money) in its foreign exchange derivatives. This problem will affect the bank’s overall value by about 2.35% as of December 2024. Shareholders are worried because this mistake will show up in their earnings for the fourth quarter.

    What Went Wrong?

    In a review of its accounts related to foreign currency transactions over the past 7 to 8 years, IndusInd Bank found some mix-ups. While they seemed to show accurate data externally (with outside parties), what they kept inside had a different approach. This led to them mistakenly reporting higher profits.

    Since April 2024, IndusInd Bank has stopped these internal hedging transactions. They discovered the accounting error in September 2024 and have let the Reserve Bank of India (RBI) know about it. They are also conducting an outside audit to figure out exactly what happened. They explained the situation to analysts but didn’t share it during their last earnings call.

    Why Did Shares Fall So Much?

    The news caused IndusInd Bank’s shares to plunge to ₹702.60, knocking around ₹15,000 crore off its market value. Many financial experts downgraded the stock and lowered their suggested prices for it.

    While the financial damage might not be as significant, investors are worried about the trustworthiness of the bank. Many believe it will take time to rebuild trust and make the stock worth investing in again. Analysts are concerned about the bank’s management, especially since there are worries about how this mistake went unnoticed for so long.

    Various questions remain unanswered, such as why this wasn’t caught earlier and why auditors did not see any issues. Because of this, the value of the bank’s book (its total assets minus its liabilities) is now in question.

    IndusInd Bank investors are left wondering if this is the end of bad news or if there could be more trouble ahead.

  • Controversy Over Yogi Adityanath’s Image at Pro-Monarchy Rally in Nepal

    Controversy Over Yogi Adityanath’s Image at Pro-Monarchy Rally in Nepal

    A big argument happened in Nepal when some photos of Yogi Adityanath, the chief minister of Uttar Pradesh, were shown at a rally that celebrated the former king, Gyanendra Shah. This rally took place at Tribhuvan International Airport when Gyanendra arrived from Pokhara after visiting places of worship. Many supporters, including leaders from the Rastriya Prajatantra Party (RPP), came together to show they want the monarchy back.

    Some of Gyanendra’s supporters rode motorbikes with his pictures and flags, and a few had pictures of Adityanath too, which caused some people to get upset. In response to the negative feelings, RPP spokesperson Gyanendra Shahi accused Prime Minister K P Oli’s government of trying to ruin the pro-monarchy movement. Shahi claimed the government put someone at the rally to stir up trouble.

    However, Bishnu Rimal, who is an advisor to Prime Minister Oli, denied these accusations. On social media, Shahi said, “This is just a trick made by people who don’t deserve their positions.”

    Prime Minister Oli did not mention Adityanath by name but said, “We don’t use pictures of foreign leaders in our rallies” during a program in Kathmandu. Earlier this year, Gyanendra had met Adityanath during a trip to Uttar Pradesh.

    Supporters of Gyanendra have been holding rallies in different parts of the country, including Kathmandu and Pokhara, asking to bring back the monarchy, which was ended in 2008 after the People’s Movement. Pro-monarchists have gained more energy since February, when Gyanendra said, “It’s time for us to take responsibility to protect our country and unite our people.”

  • Robots Join Race Against Time to Rescue Trapped Workers in Nagarkurnool

    Robots Join Race Against Time to Rescue Trapped Workers in Nagarkurnool

    Nagarkurnool – On Tuesday, robots joined the rescue operation to find seven people who have been trapped in a collapsed tunnel since February 22. A team from a robotics company in Hyderabad sent a robot into the tunnel early Tuesday morning, along with 110 rescue workers.

    The Telangana government decided to use robots to keep rescuers safe because the tunnel is filled with water and mud, making it dangerous. State irrigation minister N Uttam Kumar Reddy announced on March 8 that they would spend ₹4 crores for the robot experts to help. Pieces of a large Tunnel Boring Machine are underwater and have caused risky conditions.

    Chief Minister A Revanth Reddy visited the tunnel on March 2 and suggested using robots to protect rescue workers. Teams from different organizations, including the NDRF and Singareni Collieries, are working together, following cadaver dogs and radar surveys to focus on areas where the trapped workers might be.

    Two days ago, the rescuers found the body of Gurpreet Singh, who was an operator for a foreign company. His family in Punjab received ₹25 lakhs as compensation. The other seven people trapped are Manoj Kumar, Sunny Singh, Gurpreet Singh (another one), Sandeep Sahu, Jegta Xess, and Anuj Sahu, and they all come from Jharkhand. The eight workers got stuck when a part of the Srisailam Left Bank Canal project tunnel collapsed.

  • Gensol Engineering Shares Fall 5% After Major Investment Announcement

    Gensol Engineering Shares Fall 5% After Major Investment Announcement

    Shares of Gensol Engineering, a company that specializes in solar power, fell 5% to ₹289.90 during early trading on the Bombay Stock Exchange (BSE) on Tuesday, March 11. This drop happened after the company’s promoters said they would invest ₹28.99 crore by changing some warrants into shares.

    In a statement, Gensol Engineering confirmed that its promoters are showing strong support for the company’s future by investing ₹28,99,99,885.50 (that’s Twenty-Eight Crores and Ninety-Nine Lakhs Ninety-Nine Thousand Eight Hundred Eighty-Five and Fifty Paise). The promoters will buy a total of 4,43,934 shares at ₹871 each. This money will help Gensol grow in renewable energy and electric vehicles.

    This new investment comes after some news that credit agencies downgraded the company’s ratings. Gensol also announced that its Chief Financial Officer (CFO) resigned to seek other opportunities. On Monday, the company’s shares already closed down by 5% at ₹305.15.

    Gensol Engineering is now under the Additional Surveillance Measure (ASM): Stage 1, which is a rule used by the Securities and Exchange Board of India (SEBI) to protect investors from trading that is too risky or speculative. Being in ASM Stage 1 means the stock is experiencing high price changes or volatility.

  • Duterte Detained: Facing ICC Charges for Drug War Actions

    Duterte Detained: Facing ICC Charges for Drug War Actions

    Former President Rodrigo Duterte of the Philippines was taken into custody when he landed at Manila airport. This happened because the International Criminal Court (ICC) issued a warrant for his arrest. Duterte is being accused of crimes against humanity because of his “war on drugs” policy during his time as president. This policy, which started in 2016, is linked to many cases where unarmed people suspected of using drugs were killed by both police and vigilantes. The ICC began looking into these accusations in 2019.

    Duterte spoke at a rally in Hong Kong, expressing that he would cooperate if the ICC wanted to arrest him. He defended his actions, saying he did them for the good of the people. He asked, “If I did them for my own sake or my family, why would I do it? I did it for you, your children, and our country.” He insisted, “What’s my crime? I worked hard for peace and a better life for all Filipinos.”

  • Elon Musk Blames Ukraine for X Outage Amid Darkstorm Hacking Claims

    Elon Musk Blames Ukraine for X Outage Amid Darkstorm Hacking Claims

    On Monday, Elon Musk, who owns the social media platform X (formerly Twitter), said that Ukrainian forces might be behind a major cyberattack that caused the site to go down. A hacking group called Darkstorm claimed they were responsible for taking X offline. In a chat with Fox News, Musk explained, “We don’t know exactly what happened, but there was a huge cyberattack on X coming from IP addresses in Ukraine.”

    In a post on X, Musk said, “There is a big cyberattack against X. We get attacked every day, but this one took a lot of resources. It looks like a large team or a nation is involved.”

    Many people reported problems using X, including around 2,000 users in India, 18,000 in the US, and 10,000 in the UK. Darkstorm, which supports Palestine and often targets countries that back Israel, said they were behind the attack.

    As tensions grew between the US and Ukraine, Musk shared worries about Ukrainian groups that might be working with USAID, and even mentioned that some officials from the Trump administration were being targeted. However, Musk assured that his Starlink communications service would keep running in Ukraine no matter what. “To be clear, even if I disagree with Ukraine’s policies, Starlink will never shut down,” Musk stated.