India’s telecom major Bharti Airtel is forging a strategic alliance with South Korean telecom operator SK Telecom to build the most advanced telecom network in India. The two companies will work on advanced technologies like, NFV (network functions virtualization), SDN (software defined networking), IoT (internet of things) and improving 5G network standards. This collaboration will help in identifying, monitoring and delivering improved network facilities to the customers; give out high speed mobile data, which will act as a boon in today’s fast paced life.
According to the Hindu, Sunil Bharti Mittal, Chairman of Bharti Airtel said, “This partnership will bring a dramatically improved experience to Airtel customers in India by leveraging the expertise of a company that has built one of the best mobile broadband networks in the world”.
SK Telecom is Korea’s largest telecommunication company with near about 29 million customers. SK Telecom has been a leading force in the development of the global mobile telecommunications industry that has launched CDMA (2G), WCDMA (3G) and LTE-A (4G) for the first time in the world. In addition, the company has been using carrier aggregation technology to offer up to 500 Mbps 4G speed.
Sources: The Hindu, Moneycontrol
By the decision of lower court and the justice department, 24,000 additional refugees, who were granted an allowance to enter the US before October, were banned due to Supreme Court Justices grant on Tuesday, September 12, 2017. This was done on the basis of a request from the Trump administration block.
On March 6, 2017, US President Donald Trump had signed a revised order banning travelers and refugees from six Muslim majority countries, namely, Iran, Libya, Somalia, Sudan, Syria and Yemen, for 90 days and 120 days respectively. Trump claimed that the reason for this ban was to prevent terrorists. Though there had been no definite information regarding the permanence or the expansion of the limit of the ban.
As the Lower Courts argued that this ban goes against the constitution and feudal immigration law, the High Court agreed to look into the matter, but did not came up with anything constructive. After the 9th US Circuit Court of Appeals, it has been decided that, people having authentic relationships with legal US residents or with entities in the US, will be exempted from the travel ban. But, nothing has been specified about the refugee allowance.
As reported by Reuters, senior director of campaigns, Naureen Shah of Amnesty International of USA said, “The Supreme Court today had dealt yet another devastating blow to vulnerable people who were on the cusp of obtaining safety for themselves and their families. They continue to be subjected to unimaginable violence and fear while their lives are in limbo.”
Sourced from Reuters and Al jazeera
Former England Captain Wayne Rooney scored his 200th goal in the English Premier League at the Etihad Stadium on Monday, 21 August. It became the only goal of Everton against Stoke City, but for him second goal of the season. When asked about his achievement, as reported by The Indian Express, Rooney said, “I’ve always put a shift in for the team and tonight is no different.” Rooney steered between Dominic Calvert Lewis’s low cross and between the legs of goal-keeper Ederson to strike the goal in the 35th minute of the game. Though late in the game Stoke City struck back to earn a 1-1 draw.
The 31-year old forward returned to his boyhood club Everton this July after 13 years in the Manchester United, where he scored 183 goals. This goal makes him the second player to reach the 200-goal milestone after Alan Shearer, who scored 260 goals for Blackburn Rovers and Newcastle United. Rooney scored 156 goals with his right foot, 23 with his left foot and 21 with his head. It took Shearer 306 games to make the record, while for Rooney it took 462 games to correspond it.
When asked about his feelings on reaching a mile-stone Rooney laughed and said, “Obviously a lot to do to catch Alan” and added, “It’s a great moment and hopefully a lot more to come”, as reported by the ESPN.
News Sources- Times of India, Indian Express
Not many days have passed since the Gorakhpur tragedy, a same infamous incident repeated itself in Raipur. On August 21, Sunday between 12.30 am to 1.30 am at night, three children died in B R Ambedkar Government Hospital due to the low level of oxygen supply pressure. It is one of the biggest government hospitals and patients come there from different places within the state for treatment. Among the victims there was a five-day old baby, who had a whole in his heart, as told by the boy’s father, a resident of Balaghat to The Indian Express.
R Prasanna, Director of Health Services said that there was a problem in oxygen supply, but the CMO and Superintendent immediately took action and the issue was sorted. As reported by the Hindustan Times, he also claimed that the children died because of various illnesses. However, the hospital authorities have suspended the operator in-charge of oxygen supply after he was found in a blitzed condition, while on duty. Chhattisgarh Chief Minister Raman Singh expressed his condolences and had promised thorough investigation. After hearing the news Raipur North MLA Shrichand Sundarani visited the hospital. Both the Secretary of Health and the Director of Health Services are overseeing the situation.
Earlier this month a same incident of lack of oxygen supply killed over seventy children in Baba Raghav Das Medical College in Gorakhpur, Uttar Pradesh. After the incident, the State Government led by Yogi Adityanath, had probed into the matter and promised strict punishment for the guilty.
Sources: Financial Express, Hindustan Times
The World Bank has granted India the permission to construct the hydroelectric power facilities under the Indus Water Treaty (IWT) on Jhelum and Chenab, the tributaries of Indus, with certain restrictions.
The Indus Waters Treaty (IWT) was signed in 1960 after nine years of negotiation between the two countries. Initially Pakistan opposed the construction of the Kishanganga and Ratle (330 megawatts and 850 megawatts respectively) hydroelectric power plants, being built in Jammu and Kashmir by India. On noticing the two countries’ disagreement on the technical aspect, World Bank asked the IWT to designate the two rivers and Indus as the “Western Rivers” and that Pakistan has unrestricted use to it.
In November 2016, the World Bank appointed neutral expert and established court of arbitration, to look into the technical differences between the two countries, but the process was stopped after India’s objection.
The meeting of the Permanent Indus Commission (PIC) held in March 2017, the two countries had talk over these two projects with World Bank as a mediator between them.
Finally, in the secretary-level discussions that were held this week between the India and Pakistan, both have agreed to appoint neutral expert and court of arbitration, respectively. The two parties have also con corded to continue discussions and meet again in Washington DC in September. As reported by The Times of India, the fact sheet states that, India is permitted to construct hydroelectric power facilities on the specified rivers as per the “annexure of the treaty”.
SOURCES: TIMES OF INDIA, INDIA TODAY
IMAGE SOURCE: PTI
India’s fourth largest private sector lender by assets, Kodak Mahindra Bank publicly announced a 23% jump in its first quarter net profit on Thursday, June 20, 2017. The core income which the bank earns by giving out loans, increased 17%, that is Rs. 245.55 crores. Other incomes have also shown a hike of Rs. 906.88. As reported by the TOI, analysts on an average had expected the bank to make a net profit of Rs. 16.24 billion. But, the quarter year ending on June 30, gave even better figures. Provisions for bad loans and contingencies is Rs. 203.74 crores for the June quarter.
The RBI had identified the four of the twelve accounts, where this bank has a total exposure of Rs.236 crores for insolvency proceedings. During the merger in 2015, Kotak Mahindra inherited these four accounts from ING Vysya Bank.
Some market experts believed that asset quality of the bank will probably remain the same, while Gross Non-Performing Assets (NPA) will show an increase. Likely, gross advances of NPA rose to 2.58% from 2.50%, as of the June quarter, at the same time net NPA rose from 1.21% to 1.25%, as reported by the TOI.
Source: TOI, Reuters
After Saudi Arabia and its allies imposed sweeping embargo on Qatar and created a pressure of diplomatic crisis, they proposed their plan to increase natural gas production by 30% in the coming years on Tuesday, 4 July 2017.
On Monday, 3 July, Qatar gave its response to a 13-point list of demands made by its neighbours for lifting their sanctions. They wanted to carry out a joint venture with international companies in the production increase process. Qatar Petroleum chief, Sherida Al-Kaabi has also assured that even if no company supports, they will meet the 100 million tons target. On Wednesday, 5 July, the four Arab States will meet to discuss about the crisis and on the imposition of further sanction on Qatar.
As reported by The Times of India, Al-Kaabi said in a press conference, that the target is to raise their production by 2024.
Presently, Qatar is the world’s largest producer of Liquified Natural Gas(LNG). Now, it’s production is up to 77 million tons per year. The expansion will increase output levels equivalent to million barrels of oil per day, as reported by The Hindu Business Line.
Image Source- Qatar Tribune
Sources: The Times of India, Daily Mail