News Analysis India

Tag: risk

  • Republican Senator Blasts Trump, Says He Has ‘blind Spot For Russia

    As US federal agencies are rocked with the recent discovery of major cyberattack and President Donald Trump downplayed the breach, Republican Senator for Utah, Mitt Romney said Trump has a “blind spot for Russia” and called the large-scale hacks on organisations a “big wake-up call”. While talking to CNN, Romney said that because the US President has a ‘blind spot’ for Russia, the response he laid out in brief tweets on Saturday was ‘expected’ because Trump dismissed US Secretary of State Mike Pompeo’s remarks of Russia being ‘clearly involved’ in the cyberattacks that posed ‘grave risk’.

     In one of the latest blows to US President Donald Trump’s administration in its closing days, a dozen of federal agencies were crippled with a massive cyberattack which is reportedly described as the biggest breach in several years. Triggering speculation of Russian hackers’ involvement, US officials reportedly said that the hacks have been ongoing for several months allowing the ones who breached the websites to monitor as well as read US’ confidential emails.

  • Pompeo Accuses China Of Spreading COVID Misinformation, Says CCP ‘putting World At Risk’

    United States Secretary of State Mike Pompeo on December 18 lambasted China’s ruling Chinese Communist Party (CCP) for “still spreading disinformation” regarding the COVID-19 pandemic even after more than a year of the world being rocked by the highly-infectious disease first detected in the Asian nation.

    Further deteriorating US-China relations that are already at an all-time low, Pompeo accused CCP of obstructing the investigation led by the World Health Organisation (WHO) to determine origin and spread of the novel coronavirus. According to the US Secretary of State, CCP is also pushing its vaccine candidates without transparency that is further ‘putting the world at risk’ along with the Chinese citizens.

  • Economic recovery more vigorous than expected, need to monitor demand stability: RBI

    Reserve Bank Governor Shaktikanta Das said on Thursday that the country’s economy has recovered more vigorously than expected after being affected by the initial outbreak of the corona virus epidemic, but the demand stability needs to be monitored after the festive season. .

    He said at the annual function of the Indian Foreign Exchange Regulations Association that there is a risk of decreasing growth in the whole world including India. Governor Das said that after the festive season, we need to keep an eye on the stability of the demand and market expectations regarding the Corona vaccine.

    Das said that RBI is committed to maintain the functioning of financial markets and work will be done to reduce any downside risk. Regarding capital account convertibility, he said that the approach would continue to see it as a process rather than an event.