News Analysis India

Category: World

  • Dozens Killed As Istanbul Nightclub Catches Fire During Renovation Work | world news

    ISTANBUL: In a tragic incident that shook Istanbul, a major city in Turkey, a devastating fire tore through a nightclub, claiming the lives of at least 29 people, according to reports from CNN citing state media. The blaze, which broke out during daytime renovation work on Tuesday, also left eight individuals injured, with seven in critical condition, as confirmed by the Istanbul Governor’s office.

    Impact Of The Fire At Masquerade Club

    The nightclub, identified as the Masquerade Club, is located in the vibrant Besiktas district on the European side of Istanbul. The fire engulfed a 16-story building on Gonenoglu Street, a bustling part of the Gayrettepe neighbourhood. The club was undergoing renovations at the time of the tragedy, with the fire believed to have originated underground, as reported by Anadolu, the Turkish state news agency.

    Swift Action By Turkish Authorities

    Following the devastating incident, Turkish authorities acted swiftly, detaining eight individuals connected to the nightclub, including the business manager, accountant, partners, and the individual overseeing the renovation’s metal workers, according to TRT News.

    Justice Minister Yilmaz Tunc highlighted ongoing efforts to gather evidence at the scene, emphasizing the involvement of experts specializing in occupational safety and fire to determine the cause of the fire.

    Condolences And Mourning

    Ekrem Imamoglu, the mayor of Istanbul, expressed profound condolences on social media, mourning the loss of life in the tragic fire. “May God have mercy on our citizens who lost their lives,” he shared.

    Imamoglu, representing the opposition Republic People’s Party (CHP), had recently secured re-election as mayor in local elections, marking a significant electoral setback for President Recep Tayyip Erdogan’s ruling Justice and Development (AK) Party, as reported by CNN.

  • IMF also happy with the performance of Indian economy, increased India’s GDP estimate…

    Mumbai The performance of the Indian economy in 2024 has surprised even the International Monetary Fund. The World Bank has estimated that the Indian economy will grow at 7.5 percent in 2024, a revision of 1.2 percent from its previous forecast. This growth is part of a strong outlook for South Asia, with the region expected to grow at 6.0 percent in 2024, driven by strong growth in India and recoveries in Pakistan and Sri Lanka. Also read: Korcholi encounter update: Three more bodies found on the spot, number of dead Naxalites reaches 13…

    According to a report, the World Bank’s South Asia Development Update states that with a projected growth of 6.1% in 2025, South Asia is set to retain its position as the fastest growing region globally for the next two years. is ready.

    The World Bank has highlighted that India will be a major contributor to the region’s economy and is expected to see output growth of 7.5% in fiscal year 2023-24, followed by a slight decline to 6.6% in the medium term. According to the World Bank, activity in services and industry is expected to remain strong. The report also mentioned positive signs in Bangladesh and Sri Lanka with expected growth rates of 5.7% and 2.5% respectively.

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    Martin Ryser, vice president for South Asia at the World Bank, expressed optimism about the region’s growth prospects in the short term, but cautioned about challenges such as fiscal vulnerabilities and climate risks. Franziska Ohnsorge, Chief Economist for South Asia at the World Bank, stressed the need for policies to increase private investment and employment growth to take advantage of the demographic dividend.

    India’s economic performance in the fourth quarter of 2023 exceeded expectations, with a growth rate of 8.4% driven by investment and government spending. The country’s composite Purchasing Managers’ Index (PMI) stood at 60.6 in February, well above the global average, indicating a strong expansion. Inflation in India has remained within the Reserve Bank’s target range, supported by stable policy rates since February 2023.

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    Financial conditions in India remain favourable, with household debt issuance growing by 14% year-on-year in December 2023. The non-performing-loan ratio has declined to 3.2%, and regulatory capital adequacy requirements have been exceeded. Despite the decline in FDI, foreign portfolio investment has increased, leading to an increase in foreign reserves.

    The World Bank estimates that India’s output growth will reach 7.5% in the financial year 2023-24, after which it will decline to 6.6% in the financial year 2024-25. The reason for the slowdown is the decline in investment growth from last year’s high level. However, the bank expects strong growth in the service and industry sectors, supported by construction and real estate activities.

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    The report forecasts a decline in fiscal deficit and government debt over the medium term, supported by strong output growth and government consolidation efforts. The overall outlook suggests a positive trajectory for India’s economy, with growth dividends from public investment likely in the coming years.

  • Taiwan Hit By Strongest Earthquake In 25 Years; Tsunami Warnings Issued In Japan | world news

    Taipei: A powerful earthquake measuring 7.5 on the Richter Scale rocked Taiwan’s eastern shores on Wednesday leaving residents rattled and authorities on high alert. The US Geological Survey (USGS) confirmed the quake’s magnitude, describing it as a “notable quake” with its epicentre located in the Pacific Ocean, approximately 25.0 kilometers south-southeast of Hualien County Hall.

    Notable quake, preliminary info: M 7.4 – 18 km SSW of Hualien City, Taiwan https://t.co/G7yLg1BGyO — USGS Earthquakes (@USGS_Quakes) April 3, 2024


    The quake’s depth was measured at 15.5 kilometers, according to the Seismology Center of Taiwan’s Central News Agency.


    An earthquake with a magnitude of 7.2 hit Taipei, the capital of Taiwan, on Wednesday morning, reports Reuters, citing the Taiwan central weather administration — ANI (@ANI) April 3, 2024


    Tsunami Warnings Issued Across Japan

    Japan’s Meteorological Agency swiftly issued tsunami warnings for remote Japanese islands, including the Miyakojima island, in the wake of the earthquake off Taiwan’s coast. Residents were cautioned to prepare for waves as high as three meters (10 feet), heightening concerns for coastal communities in the affected regions.


    #WATCH | A very shallow earthquake with a preliminary magnitude of 7.5 struck in the ocean near Taiwan. Japan has issued an evacuation advisory for the coastal areas of the southern prefecture of Okinawa after the earthquake triggered a tsunami warning. Tsunami waves of up to 3… pic.twitter.com/2Q1gd0lBaD — ANI (@ANI) April 3, 2024

    Alert Across Taiwan

    Reports of the earthquake’s impact varied across Taiwan, with intensity levels of 5+ reported in Yilan County and Miaoli County, and 5- in several northern and central regions including Taipei City, New Taipei City, and Taichung City. The seismic event prompted the suspension of metro systems in major cities like Taipei, Taichung, and Kaohsiung, disrupting daily routines for commuters.

    In Japan, anticipation gripped coastal areas as authorities warned of potential tsunami surges. Tsunami alerts were issued for southwestern Japan’s Miyakojima and Yaeyama regions, along with Okinawa Prefecture’s main island. Residents were urged to evacuate promptly to higher ground or secure locations to ensure their safety.

    Echoes Of Past Tragedies

    For many in Taiwan, memories of past seismic disasters resurfaced. Wu Chien-fu, director of Taipei’s Central Weather Administration’s Seismology Center, noted the quake’s significant impact, recalling it as the ”strongest” since the devastating earthquake of 1999. The tragic event claimed thousands of lives, serving as a stark reminder of the island’s vulnerability to natural disasters.

    “The earthquake is close to land and it’s shallow. It’s felt all over Taiwan and offshore islands,” said Wu Chien-fu, director of Taipei’s Central Weather Administration’s Seismology Center. “It’s the strongest in 25 years since the (1999) earthquake,” he told reporters.

    Heightened Vigilance Amidst Uncertainty

    As the situation unfolds, both Taiwan and Japan remain on high alert, bracing for potential aftershocks and assessing the extent of damage. With forecasters predicting tsunami waves of up to three meters in height, vigilance and precautionary measures are paramount to safeguarding lives and minimizing the impact of this natural disaster.

    A 7.6-magnitude quake hit Taiwan in September 1999, killing around 2,400 people in the deadliest natural disaster in the island’s history.

  • Prime Minister Modi roared in Rajasthan, said- Whatever happened in 10 years is just a trailer, BJP’s third term will be full of historic and decisive decisions…

    Jaipur. Whatever happened in 10 years is just a trailer. There is still a lot to do. Right now we have to take the country much further, we have to take Rajasthan much further. The third term of the BJP government is going to be a term of historic and decisive decisions. Prime Minister Narendra Modi said this while addressing the Vijay Shankhnad rally in Kotputli, Rajasthan on Tuesday. Read this also: VIDEO: Charandas Mahant gave a controversial statement on PM, said- We need a man who can break Modi’s head.

    BJP has started the campaign for the Lok Sabha elections. In this context, Prime Minister Narendra Modi, while addressing the Vijay Shankhnad rally in Kotputli, said that BJP in the country means development and solution. Congress means the root of every disease of the country. If you see any major problem of the country, the Congress Party will be seen to be the root cause of it.

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    Modi said that this Lok Sabha election of 2024 is an election of resolve for developed Rajasthan and developed India. This election is to make India the third largest economy in the world. This election is to root out corruption. He said that in this election of 2024, the country’s politics again seems to be divided into two camps. Today, on one side, there is BJP which is running with the resolve of nation first, and on the other side, there is Congress party which is looking for opportunities to loot the country.

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    The Prime Minister said that I want to say on the land of Rajasthan, which is the land of heroes, on the land of strong-spoken people, that your dream is Modi’s resolve. Modi has worshiped what the previous governments did not even ask about. He also targeted Congress and said that Congress never asked crores of small farmers of the country. Modi has sent around Rs 20 thousand crore of PM Kisan Samman Nidhi to the bank accounts of more than 85 lakh farmers of Rajasthan.

  • Donald Trump Loses USD 1Bn In Net Worth As Stock Value Of His Media Firm Dips | world news

    New York: In a huge setback for former US President Donald Trump, his media venture, Trump Media & Technology Group, faced a substantial plunge in its stock value, leading to a staggering USD 1 billion loss in his net worth, as reported by CNN. .

    Financial Struggles Hit Trump’s Venture

    The decline followed the disclosure of dismal financial figures, with Trump Media reporting losses of over USD 58 million and minimal revenue generation in 2023. With Trump’s majority ownership in the company, its performance directly impacted his wealth.

    Analysts Question Valuation

    Analysts have raised concerns about the valuation of Trump Media, comparing it to speculative meme stocks. They noted a sharp contrast between its 2023 financial performance and previous years, with significant losses and minimal revenue growth.

    Stock Plummets Despite Earlier Surge

    Despite a surge of nearly 200 per cent in the shares since the beginning of the year, Trump Media’s stock value plummeted by 21 per cent on Monday. Trump’s stake in the company decreased from a peak of USD 6.3 billion to approximately USD 3.8 billion.

    Doubts About Sustainability

    The severity of the losses prompted doubts about the company’s ability to continue as a going concern. Accountants warned that without significant changes, Trump Media might struggle to stay afloat, despite a recent merger injecting USD 300 million in cash.

    While some experts believe the cash infusion could provide a lifeline for Trump Media, others caution that sustained warnings about the company’s viability raise concerns. Addressing substantial losses is crucial for long-term sustainability.

    Challenges Ahead For Trump Media

    Despite being valued at up to USD 11 billion by Wall Street, Trump Media faces challenges such as declining user engagement on its flagship product, Truth Social. While the completion of a merger offers temporary relief, addressing underlying challenges is essential for long-term viability. With the 2024 presidential election approaching, its success may depend on capitalizing on digital advertising opportunities.

  • Passengers will be able to come out if the flight is delayed

    New Delhi. Aviation safety monitoring organization BCAS has issued new guidelines. In these, after boarding the plane, if there is a long delay in the departure of the flight, the passengers have been allowed to exit from the departure gate of the airport. This latest directive comes in the backdrop of increasing crowding at airports and increasing cases of flight delays. Many times, passengers also get stuck for a long time after boarding the plane.

    Bureau of Civil Aviation Security (BCAS) Director General Zulfiqar Hasan said on Monday that the new guidelines were issued to airline companies and airport operators on March 30. Now these have been implemented. He said that passengers will not have to sit for a long time after boarding the plane.

    In case of long flight delays and other emergencies, the concerned passengers will be allowed to exit from the departure gate of the airport. Its decision will be taken by the concerned airlines and security agencies.

    Passengers had their meal on the tarmac

    On January 14 this year, Indigo’s flight going from Goa to Delhi was diverted to Mumbai after taking off 12 hours late. Angered by this, the passengers sat on the tarmac of Mumbai airport and started eating. Due to this, BCAS had imposed a fine of Rs 1.20 crore on Indigo.

    The pilot was slapped for being late

    In January this year, a passenger slapped the pilot when his flight from Delhi to Goa was delayed. Due to fog, the pilot was announcing that the plane would be delayed by 13 hours. Then a passenger came towards him and slapped him.

    Director General Zulfikar Hasan said at the function that congestion at airports is undesirable and BCAS has developed intended standards and tools to deal with this issue. Smart security lanes will also be installed at airports.

  • Top Commanders Of Iran’s Quds Force Killed In Israeli Airstrike On Syria’s Damascus; Tehran Vows Revenge

    The air strike directly targeted Iran’s consulate building in Damascus at a time when Zahedi was meeting with leaders of Palestinian Islamic Jihad.

  • Relief to LPG cylinder consumers, gas becomes cheaper by Rs 32

    New Delhi. There is good news for the consumers of LPG cylinders. Today, on the first day of the new financial year, the price of LPG cylinder has been reduced by Rs 32. This reduction has taken place in the price of commercial gas cylinders in 4 metros of the country. In this, the rates of LPG cylinder have been reduced by Rs 30.50 in Delhi, Rs 32 in Kolkata, Rs 31.50 in Mumbai and Rs 30.50 in Chennai from today.

    According to IOC, a 19 kg LPG cylinder will be available in Delhi for Rs 1764.50 from today. Earlier it was available for Rs 1795. It will now be available in Chennai for Rs 1930.00. Now in Mumbai it has become Rs 1717.50, earlier it was Rs 1749. Whereas in Kolkata, commercial LPG cylinder will now be available for Rs 1879.00 instead of Rs 1911.

  • Attack On Chinese Engineers: Pakistan Security Force Arrests Over 10 People | world news

    New Delhi: The Counter Terrorism Department (CTD) has apprehended over 10 terrorists suspected of being involved in last week’s attack on Chinese engineers, Geo News reported on Monday. As per the news outlet citing a source, the Tehreek-e-Taliban Pakistan (TTP)-affiliated outfit is suspected to be involved in the March 26 deadly attack in Shangla’s Bisham city.

    According to Geo News, five Chinese citizens, including a woman, and a Pakistani driver were killed when a suicide bomber crashed his explosive-laden vehicle into the car carrying them.

    On this tragic incident, Pakistan Prime Minister Shehbaz Sharif, President Asif Ali Zardari, and Chief of Army Staff (COAS) General Asim Munir condemned the heinous act and promised to hold the perpetrators accountable.

    A solemn wreath-laying ceremony took place at Rawalpindi’s Nur Khan Airbase to honor the victims with 30-second silence who were killed in last week’s attack, according to Geo News. The country’s President, Prime Minister, the army chief, Air Chief Marshal Zaheer Ahmad Babar Sidhu, and Chairman of the Joint Chiefs of Staff Committee (CJCSC) General Sahir Shamshad Mirza laid floral wreaths in tribute.

    Following the attack, Chinese companies overseeing operations at the Dasu and Diamer-Bhasha Dams, now temporarily suspended their civil work at both sites owing to security concerns. Officials involved in the projects informed the publication that almost 991 Chinese engineers were involved in working at both sites.

    After the attack, the Chinese investigative team arrived in Pakistan last week to probe the incident. China’s military expressed readiness to collaborate with Pakistan in bolstering their collective capacity to address security threats.

  • You will get Rs 28 lakh on investment of just Rs 200, know what is this explosive scheme?

    LIC Jeevan Pragati Yojana: In today’s era of inflation, it has become very important for people to invest money, so that it can be used in children’s education, marriage and even in fulfilling many big dreams. So you can also invest in such schemes at this time. We are planning to do something which will bring bumper profits along with the income.

    Here LIC Jeevan Pragati plan can be best for you. At present, people in the country blindly trust the great schemes of LIC, because safe investment options are available here, due to which many of the schemes of LIC are very popular across the country. Here LIC is running many excellent schemes for different income groups. Here we are talking about LIC Jeevan Pragati Plan for you.

    Know what is LIC Jeevan Pragati Yojana

    LIC, one of the largest companies of the country, is offering many special plans. So here LIC Jeevan Pragati Plan is a non-linked, with benefit plan that offers you both protection and savings. Let us tell you that in this scheme of LIC, the risk cover of investors increases every five years. Here in the scheme you can save Rs 28 lakh only by saving Rs 200.

    In this way Rs 28 lakh will be made

    If someone buys LIC Jeevan Pragati Plan here, after which someone talks about making a big fund, then by saving just Rs 200 per day, he can deposit huge income here. If someone deposits only Rs 200 then this amount will be around Rs 6 thousand per month. At the same time, you will collect Rs 72 thousand annually. Here, you will have to invest Rs 72 thousand per year in LIC’s Jeevan Pragati Scheme. If you invest in this scheme for 20 years. In this case, you will get Rs 28 lakh at the time of maturity.

    Important points of LIC Jeevan Pragati Plan

    The duration of this plan of LIC is minimum 12 years and maximum 20 years, due to which people between 12 years to 45 years can buy this policy, even if the policyholder dies. In such a situation, the amount is obtained by adding together the sum assured, simple reversionary bonus and final bonus.