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China’s bank regulator warns dollar dominance is seed of crisis

China’s bank regulator warns dollar dominance is seed of crisis

/ /China’s top banking watchdog cautioned that US dollar dominance combined with the massive stimulus unleashed by the Federal Reserve could push the world to the edge of another financial crisis.In a rare act of public criticism, China Banking Regulatory Commission Chairman Guo Shuqing also lashed out at developed nations seeking to divert blame on their own failures to contain the virus outbreak and moves by the US to blacklist Chinese companies and entities.Also read: “In an international monetary system dominated by the US dollar, the unprecedented, unlimited quantitative easing policy...

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Aug 17
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‘Important to respect, support each other’: China reacts to PM Modi’s Independence Day speech, remarks on ties with India

‘Important to respect, support each other’: China reacts to PM Modi’s Independence Day speech, remarks on ties with India

/ /Hindustan Times, BeijingChina is ready to work with India to enhance mutual trust and properly manage differences, the Chinese foreign ministry said on Monday, adding that the “right path” ahead for the two countries is to respect each other.The foreign ministry was reacting to Prime Minister Narendra Modi’s Independence Day speech where he talked about strengthening the Indian armed forces and said the country’s territorial integrity is supreme.“From LoC (Line of Control) to LAC (Line of Actual Control), anyone who casts an eye on the sovereignty of the country, the armed forces have...

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Aug 17
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TMC worker killed in Bengal while making bombs, party denies link

TMC worker killed in Bengal while making bombs, party denies link

/ /Hindustan Times, BehramporeHumayun Kabir, 40, a Trinamool Congress (TMC) worker, died in an explosion while making crude bombs on the roof of his house in the Shamsergunj area of Bengal’s Murshidabad district on Saturday night. His ten-year-old son also sustained some injury. TMC however claimed that no party worker was involved in the incident. Sub-divisional police officer (Jangipur) Prasenjit Banerjee said, “Preliminary investigation shows that Kabir was making bombs on the roof of his house. One of the bombs went off accidentally and he was fatally injured. His minor son was also...

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Aug 16
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In a big blow ahead of talks, Taliban refuses to recognise Afghan govt

In a big blow ahead of talks, Taliban refuses to recognise Afghan govt

/ /KabulIn a big blow to the Afghan reconciliation process, the Taliban on Saturday (local time) said that it does not recognise the Ashraf Ghani government as a legitimate system ahead of the intra-Afghan talks. “The Islamic Emirate does not recognise the Kabul administration as a government but views it as western imported structure working for the continuation of American occupation,” TOLOnews quoted the group as saying in a statement.“Two days earlier, an advisor to Kabul administration’s Arg stated that ‘intra-Afghan’ term ascribed to the negotiation process was incorrect and that...

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Aug 16
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China sends fighter jets as US offers Taiwan ‘strong’ support

China sends fighter jets as US offers Taiwan ‘strong’ support

/ /TaipeiChinese air force jets briefly crossed over the mid-line of the Taiwan Strait on Monday and were tracked by Taiwanese missiles, Taiwan’s government said, as US health chief Alex Azar visited the island to offer President Donald Trump’s strong support.Azar arrived in Taiwan on Sunday as the , a trip condemned by China which claims the island as its own, further irritating Sino-US relations.China, which had promised unspecified retaliation to Azar’s trip, flew J-11 and J-10 fighter aircraft briefly onto Taiwan’s side of the sensitive and narrow strait which separates it from its...

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Aug 10
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Iran shutters newspaper after expert questions coronavirus numbers

Iran shutters newspaper after expert questions coronavirus numbers

/ /Tehran, IranIran shut down a newspaper on Monday after it published remarks by an expert who said the official figures on coronavirus cases and deaths in the country account for only 5% of the real toll.Mohammad Reza Sadi, the editor-in-chief of Jahane Sanat, told the official IRNA news agency that authorities closed his newspaper, which began publishing in 2004 and was mainly focused on business news.On Sunday, the daily quoted Mohammad Reza Mahboobfar, an epidemiologist the paper said had worked on the government’s anti-coronavirus campaign, as saying the true number of cases and...

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Aug 10
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Amit Shah works from hospital, to be tested for Covid-19 in next 2 days

Amit Shah works from hospital, to be tested for Covid-19 in next 2 days

/ /Hindustan Times, New DelhiAlthough singer turned politician Manoj Tiwari shot off his mouth on Union home minister Amit Shah’s health condition, the BJP leader is expected to be tested for coronavirus in the next two days.According to official sources, Shah is asymptomatic and is clearing home ministry files from his Gurugram hospital bed as well as monitoring the internal security through a dedicated team of officers. He is expected to return home next week provided he tests Covid-19 negative.Former president of BJP’s Delhi unit that home minister Shah had tested negative. This caught...

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Aug 9
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New Education Policy 2020 Highlights: School and higher education to see major changes

New Education Policy 2020 Highlights: School and higher education to see major changes

New Education Policy 2020 Highlights: Union Cabinet on Wednesday approved the National Education Policy 2020, paving way for transformational reforms in school and higher education sector in the country.highlightsNew Education Policy was launched on Wednesday, July 29. Earlier, in the afternoon the Union cabinet approved the policy that aims to overhaul the country’s education system. Union Ministers for Information and Broadcasting (I&B)Prakash Javadekar and Human Resource Development (HRD) and Ramesh Pokhriyal Nishank, made the announcement on the NEP- 2020. Earlier on May 1, Prime...

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Jul 29
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