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Drought in Europe!!

The rivers are full of flowing streams. Today there is going to be a drop of water. Everywhere you look, you can see dry sand dunes with carcasses of aquatic animals. The river basins are lush with greenery. Huge water projects have failed due to insufficient water reserves. Irrigation or agriculture has shrunk. The yield of milk fell drastically due to a lack of fodder for the cattle. Finally, restrictions on drinking water have also started. Drought threatens 60% of the EU and UK, exacerbated by climate change-driven record heat. France, Spain, Italy, and the Netherlands facing water shortages. People are getting angry. This is the current situation in European countries. There is drought in more than half of the countries. It has been more than two months since a drop of rain touched the ground in many countries in Western, Southern, and Central Europe. Experts say that this situation will continue for some time. It is said that this is the worst drought that has occurred in Europe ...

How does India put a check on China's budget phones?

  Reliable sources said that the Indian government wants to put a check on the Chinese companies that are ruling the Indian smartphone market. They said that the government is planning to impose restrictions on Chinese companies such as Xiaomi, Oppo, Realme, Vivo etc. from selling budget smartphones priced below Rs.12,000 in the country. The purpose of this proposal is to increase market opportunities for domestic mobile brands. Chinese companies dominate our budget and premium smartphone market. Apart from Samsung, among the top-5 companies in terms of market share, the other four are Chinese. It is noteworthy that there is no domestic brand at least in the top 10. Banning budget smartphone sales will have a huge impact on Chinese companies, especially Xiaomi. According to a report by market tracking company Counterpoint, mobiles priced under Rs 12,000 accounted for a third of India's smartphone sales for the quarter ended June. 80 percent of it is owned by Chinese companies. The ...

An eye doctor turned terrorist!

  He was born in Egypt and steps towards religious fundamentalism from childhood. He is fighting for the implementation of Islamic laws in some Arab countries along with Egypt. For that, he left the medical profession, took a gun, and ran toward terrorism. As a key figure in Al Qaeda, at one stage he was responsible for being the chief of a terrorist organization that sought to become a superpower, and finally, he was killed without anything achieved except massacres. This is the story of Al Qaeda chief Ayman al-Zawahari in brief. The background of many doctors and scholars is from the Jawahari family. Father Mohammed-al-Zawahari worked as a professor at Cairo University. His grandfather is also an imam in the same university. Following in his father's footsteps, Jawahari also completed his graduation in medicine in 1974 from this university. After that, he completed his master's in Surgery in four years and worked as an eye surgeon. Along with education since childhood, he was...

How American recession hits the Indian IT?

The news that there is a risk of economic recession in America this year is worrying the world. US GDP has declined for two consecutive quarters this year. US GDP shrank by 1.6 percent in the first quarter of this fiscal year. The second quarter results are due this weekend. According to the available statistics, the GDP is likely to decrease this time as well. When reporters questioned American President Biden on this issue, he concluded that there is no possibility of an economic recession. But the reality is far away from his words. Experts are worried that if there is an economic recession in America, the impact will be heavy on Indian tech companies. But our tech giants are of the opinion that there is no possibility of economic recession in America. For example, Infosys expects its revenue to grow by 14-16%. Economic experts say that the statistics are not so promising. Another tech giant Wipro also faces a similar situation. The company's EBIT (earnings before interest and t...

One more merger of public sector banks in India?

Under the leadership of Finance Minister Nirmala Sitaraman, the Government of India (GoI) has consolidated 10 Public Sector Banks into 4 banks. This action came into effect on April 01 st , 2020. At present, there are 12 banks in the public sector and the plan is to reduce the number to 4-5. It seems that the central government is planning another round of mergers of public sector banks. The government has recognized that the small banks are facing problems of loan evasion, unfavorable economic conditions, and difficulty in raising funds. With this, it is believed that only the big banks can survive in the long run. As part of this, the Modi government first merged five subsidiary banks of SBI and Bharatiya Mahila Bank in 2017. In 2019, Dena Bank and Vijaya Bank were merged with Bank of Baroda. Prior to this, the government had merged five associate banks of SBI and Bharatiya Mahila Bank with India’s largest lender SBI. With this, SBI became a giant bank. Then the second phase complete...

As a President, Gottabaya left the country

  President Rajapaksa, who fled from Sri Lanka, went to Maldives with 15 family members in a military plane, including four brothers and his son Nikal. As per the sources, he left to Male which is the capital for Maldives. Dramatic developments took place in Sri Lanka, which is reeling from economic and political crisis. There were reports that President Gotabaya Rajapaksa tried to flee the country along with Sati. Officials also said that he is ready to flee the country by air and water. He first tried to go to Dubai by air. However, he was stopped by immigration officials at the airport. Officials said that they tried to flee to Dubai in a naval patrol vehicle by sea. President Rajapaksa who announced the resignation on July 13 th , has put condition that he will resign once he is allowed to leave Sri Lanka. It is known that he left his official residence when protesters attacked him. After that, he decided to go to Dubai, officials said. It is believed that by leaving the countr...

The brothers who bankrupted Sri Lanka

One is the President, the other is the Prime Minister and two more were Ministers. The other is the Chief of Staff of the Prime Minister. For two decades, the Island country is in their hands. Corruption is like water under the carpet in the name of nepotism. That leads to destroying the Sri Lankan economy. The current developments are proof of how the Rajapaksa family has wreaked havoc on the island nation. Chamal (79), Mahinda (76), Gotabaya (73) and Basil (71) are the four brothers of Rajapaksa. Among them, Mahinda was the president between 2005-15. Earlier he was the Prime Minister during 2004-05. At this time, the finance department was also seen for the period 2019-21. In 2018, even the Prime Minister landed in the middle. He took up the same position again for a year and continued until recently.  Gotabaya has been the president since 2019. Chamal served as Minister of Shipping, Aviation, Irrigation, and Speaker of Parliament (2010-15). Basil is an MP. Till recently held the...