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  • Indian-American medical biller arrested for stealing more than USD 1 million

    Indian-American medical biller arrested for stealing more than USD 1 million

    NEW YORK (TIP): A 61-year-old Indian-origin medical biller has been arrested for stealing more than USD 1 million from doctors who provided medical care to injured workers in New York, according to the Attorney General’s Office here. Amrish Patel and his two companies—Medlink Services and Medlink Partners—were charged on Wednesday with 27 felony counts for the thefts they allegedly committed from January 2012 through January 2019, New York Attorney General Letitia James announced.  Patel and the companies were charged with one count of insurance fraud in the first degree, one count of grand larceny in the first degree, one count of grand larceny in the second degree, one count of grand larceny in the third degree, one count of scheme to defraud in the first degree, 11 counts of falsifying business records in the first degree, and 11 counts of workers’ compensation fraud. He was released with electronic monitoring and a USD 1,00,000 bond. Patel, who provided billing services to a Brooklyn-based orthopedic surgery practice, submitted falsified claim forms to the New York State Insurance Fund (NYSIF) to steal at least USD 1.1 million in workers’ compensation reimbursements for himself. “Doctors and health care professionals provide crucial care to our communities, and they rely on accurate and ethical billing to sustain these services and ensure our wellbeing,” said Attorney General James.

    “When money is illegally diverted away from doctors and providers, all New Yorkers suffer as a result. Fraud of any kind will never go unchecked in our state, and my office will continue to use every measure to hold accountable those who seek to cheat New Yorkers for personal gain. I thank our partners for their invaluable support and collaboration on this case,” James said.

    “Fraud in any part of the workers’ compensation system is detrimental to trust and hurts the entire system, including medical providers, carriers, businesses, and injured workers,” said NYSIF Executive Director and CEO Gaurav Vasisht. “I am thankful for the collaboration of the Attorney General and Inspector General’s offices on this investigation,” Vasisht said.

    “Workers’ compensation fraud is not a victimless crime,” said New York State Inspector General Lucy Lang.

    “The defendant compromised the integrity of this crucial safety net when he took advantage of his trusted position to ensure accurate billing for medical providers and health insurers. I am grateful to the Office of the Attorney General and the NYSIF for their partnership in rooting out this fraud.” Starting in 2011, Patel and his companies handled billing services for a Brooklyn-based orthopedic surgery practice and were responsible for submitting billing for surgeries related to work-related injuries under the New York State Workers’ Compensation Law.

    Under the law, authorized providers are reimbursed for their treatment of injured workers by the insurance carrier for the employer. In total, Patel allegedly stole at least USD 1.1 million in payments originally intended for three doctors for services provided between January 1, 2012 and January 4, 2019.

    Patel was arraigned on January 3 in Albany City Court. He was later released with electronic monitoring and a USD 100,000 bond.
    (Source: PTI)

  • Indian-origin Jashanpreet Singh appointed as Canada jail officer

    Indian-origin Jashanpreet Singh appointed as Canada jail officer

    VANCOUVER (TIP): A 24-year-old man, who is the son of a retired Assistant Sub-Inspector (ASI) of Muktsar Police, has become a Correctional Officer in Canada’s Vancouver.
    A Correctional Officer supervises prisoners during work assignments, meals and recreation periods.
    Jashanpreet Singh Brar had gone to the Maple country on a study visa in August 2017. He was an alumnus of Bhai Mastan Singh Public School here. After completing his study in Canada, Jashanpreet worked part-time as a security officer and an executive at a liquor store.
    His father Kaur Singh Brar said, “I am feeling proud that my son is following in my footsteps. I had joined the state police in 1992 as a constable and retired as an ASI. My son has today (January 2) joined the duty as a Correctional Officer in Canada. My daughter is also settled in Canada and working as a private dentist. Both of my children were brilliant in their studies.”
    “We belong to an agrarian family of Kotli Sanghar village. None of us had earlier got a government job abroad.”
    I am feeling proud that my son is following in my footsteps. I had joined the state police in 1992… My son has today (January 2) joined duty as a Correctional Officer in Canada. — Kaur Singh Brar, father of Jashanpreet

  • LOOKING AHEAD 2024: 2024 predictions by ‘new Nostradamus’: PM Modi’s re-election, Putin’s death, cyber attacks & more

    LOOKING AHEAD 2024: 2024 predictions by ‘new Nostradamus’: PM Modi’s re-election, Putin’s death, cyber attacks & more

    A renowned psychic, referred to as the ‘Prophet of Doom,’ has revealed a set of predictions for the upcoming year, foreseeing an end of India and Russia’s ‘friendship’, Russia-China alliance, widespread cyber attacks, cure for cancer, earthquakes in US and Italy, and more.
    Hailing from Southampton, Craig Hamilton-Parker, a 69-year-old spiritual medium, asserts his ability to glimpse into the future. Collaborating with his wife Jane, he has a track record of accurately predicting significant events such as the pandemic, Brexit, Donald Trump’s presidency, and even the demise of Queen Elizabeth II.
    In a recent release of predictions, Craig, dubbed as ‘new Nostradamus’, unveiled expectations for the next 12 months in a two-hour YouTube video.
    Among these forecasts are forecasts of major floods engulfing London and Europe, the emergence of a new pandemic originating in Australia, and the passing of Russian President Vladimir Putin.
    At the start of the clip Craig states, “The predictions here are going to be kind of 2024 probably round to about 2026.”
    “I think after 2026 we’re going to see some very positive things starting to happen in the world, but up until then, I feel it’s still a rocky path,” he added.
    Craig’s prognostications weren’t entirely pessimistic; he also foresaw a simultaneous rise in spirituality and the discovery of a cure for cancer.
    “This is all going to be tied in with artificial intelligence, and I feel that something major is going to be discovered straight away in 2024,” he explained.
    “Many advances in the medical field and care, advances in Alzheimer’s as well, which would suit me well because I am getting there,” he quipped.
    From cyber threats to medical breakthroughs, Baba Vanga’s cryptic predictions for 2024 Here’s a look at some of the key predictions made by the new-age Nostradamus:
    India-Russia ties to end
    Craig Hamilton-Parker’s predictions touch on a wide range of topics, and one of his visions revolves around India’s destiny. He foresees a future where India’s borders will expand, making it one of the world’s dominant nations. While the exact timeline remains uncertain, this expansion is anticipated to have a profound and positive impact on the world. “In the far future, India will expand its borders and will be one of the dominant countries in the world with a very positive effect upon the world’s future,” he said in his YouTube channel.
    One striking prediction is India’s shift in geopolitical alliances. Historically, India has shared a close friendship with Russia, but according to Hamilton Parker, this enduring relationship is destined to change. “India will break its ties with Russia. There has been a long-term friendship between India and Russia. With the growing friendship between Russia and China is against India’s interests. So, I am seeing India breaking from Russia. It will establish stronger relations with America, with Britain and it will buy its arms away from Russia,” he predicted.
    He added, “India will come to blows with China and Russia over Pakistan. It is going to start as a political argument. I think there’s going to be a great deal of argument in 2024 between India and Pakistan. I can’t see a full war happening there but there is going to be major disputes.
    There’s going to be a breaking between India and Russia because of this.”
    Pakistan will eventually merge with India
    Amid political tensions between India and Pakistan, a prediction anticipates a substantial flood in Pakistan. Although the timing remains unclear, the vision hints at a massive flood event in the future. In this scenario, India is predicted to extend humanitarian assistance to its neighboring nation. This gesture could potentially serve as a catalyst for improved political relations, creating opportunities for both countries to rebuild trust.
    “Coming back to the Pakistan thing, there’s going to be a big flood in Pakistan. I’ve mentioned before in my environmental predictions. I am not quite sure when it’s going to be. There’s going to be a huge one day in Pakistan. But I sense it could be one in 2024 and India helps, India offers aid.
    Although this conflict on a political level, it’s like something happens where India can almost offer a hand of help,” the New Nostradamus predicted.
    “Long term, India and Pakistan will become friends again and ultimately I see Pakistan merging with India,” he boldly predicted.
    Ground-breaking Indian innovation
    India is foreseen as a center of innovation and advancement, with Hamilton-Parker’s predictions suggesting groundbreaking inventions and solutions in the realm of renewable energy, specifically focusing on solar power. The vision indicates that India is poised to venture into new frontiers in energy generation, aiming to diminish its reliance on conventional fossil fuels as the global trend leans towards transitioning away from them.
    He predicted, “I see coming out of India too as a new invention or some new sort of way dealing with solar power. An innovation in these areas. A non-dependence on oil. As the world starts to turn back towards oil, I see India beginning to come up with new ways of dealing with it. A new kind of IT discovery. India comes up with a new way of doing it.”
    Modi will be re-elected in 2024
    According to the predictions, Prime Minister Narendra Modi will persist in guiding the nation and embark on significant endeavors to modernize the government. These initiatives will target the eradication of corruption within government bodies and the police force, fostering a system that is more transparent and accountable.
    “I see Modi still in power so he would be re-elected I see Modi undertake moves to modernize India’s government too It’s a big move to strip out Craig who is dubbed the ‘new Nostradamus’, also predicted a Russia-China alliance. “Back in 2015, I started to say that I saw that Russia and China would form an alliance, and this is beginning to happen. So one of my first predictions is about this Russian and China alliance, which I think is very important at the moment,” he said in the video on his YouTube channel.
    “I said at the time that the Russian economy would be seen to shrink over the coming years and would do an arms deal with China, and sadly, that’s beginning to happen, particularly over the Ukraine war,” he added.
    Craig also predicted the death of Russian president Vladimir Putin saying he ‘hasn’t got long’. He added, “I sense his death is imminent, this could be the changing point, this could be what finishes it all. The [Russia-Ukraine war] will drag on after Putin’s death but that will be the death knell of the war an agreement might be made once he is gone.”
    Nevertheless, Hamilton-Parker did mention that the individual assuming the role of Russian president would be ‘equally problematic,’ specifying his prediction that the successor would be ‘a woman.’
    Trump to be elected as President of USA
    Craig Hamilton-Parker’s prediction for the November 2024 election foresees challenges and attempts to delay or stop the election, with a perceived crisis surrounding Joe Biden. Despite legal challenges and efforts to alter federal law, he anticipates that these attempts will fail, ultimately resulting in a closely contested victory for Trump, with a significant shift in the black vote seen as a decisive factor in his favor.
    “I feel that a black woman will help Trump get back into power. It’s the black vote that is ultimately going to swing that little edge,” he stated.
    Still talking about the US, Craig talks about the potential of Islamic terror attacks, including a hijacking of a plane. “There’s going to be terrorist attacks around the world and I feel America is going to get its share as well sadly. In another video I talked about a plane hijack and it could be this happening in America. Not a 9/11 type thing, this is more like something with hostages,” he said.
    Apart from the election, Craig also predicted possible terror attack in Las Vegas and possible shooting by multiple gunmen in Texas. “It feels like a sporting event, maybe a gun attack on a sporting event in America,” he said in the YouTube video.
    The new-age Nostradamus also spoke at length about America’s economy in 2024, infrastructure woes, society polarization, and more.
    Elections in UK and divorce of Prince Harry and Meghan Markle
    Craig predicts that Rishik Sunak will ‘cease to be the prime minister’ of UK in 2024 and he foresees the Tories emerging victorious in the upcoming UK election. “A big swing towards the Labour party, but I feel nonetheless that people don’t have the confidence in Keir Starmer, if Labor do win Keir won’t stay in power for very long, he will be removed,” he said.
    “I feel the Tories will just scrape in, even though the polls at the minute say completely the opposite, but I feel there is a lot happening between now and then, a lot of shifts in power, new people coming into play, Nigel Farage maybe in the future,” he added.
    Craig predicts a rise in tension between Prince Harry and Meghan Markle, he clarified, “That relationship will ultimately result in a divorce.” Speaking about Meghan, the psychic added, “I feel she’s going to be exposed for telling lies, perhaps in secret recordings or something like that.”
    “Stay away from London,” Craig warns. “I see lots of troubles in London.” The psychic says this could include terrorist attacks during busy shopping times, such as Christmas Talking about the ongoing war between Israel and Hamas terrorist in Gaza, Craig predicted a continued mass exodus of people from Gaza to Egypt and Jordan. He also predicted the ‘systematic destruction’ of Gaza from north to south. “Nothing will be usable in Gaza. Gaza is going to be undermined. All the infrastructure, all the sewers will be destroyed. All the major buildings will be destroyed. There will be no water, no sewage, no electricity. It will just be a city of rubble. It will become uninhabitable and that’s why people fleeing to Egypt won’t come back,” Craig said, adding that a ‘huge refugee crisis’ will emerge out of the war.
    “I can’t see a Palestinian state. I can’t see the formation of a Palestinian state. I see the war escalating, extending into Lebanon, extending into West Bank. I see the crisis escalating into an all-eight war between Israel and the Islamic world. This is the big thing the world has feared. I see it coming,” Craig added.
    Cyber attacks, natural disaster and new pandemic
    Craig also forecasted that in 2024, there will be a ‘significant’ number of cyber attacks occurring globally. “We’re going to see spyware, a big spyware release will happen. There’s something going to happen that will bring down some banking systems,” he said.
    Craig claimed that 2024 will witness numerous natural disasters worldwide, including earthquakes in both America and Italy. He stated, “I feel that America is going to get quite a big earthquake, and it’ll go all along the west coast and as far as Mexico City. I don’t see everything collapsing…but I feel there is a big one coming this year.”
    He also stated that he envisions ‘big floods’ sweeping through London and Europe, with a particular impact on Germany. More alarmingly, he added that he anticipates a tsunami striking Australia.
    “I see quite a lot of overwhelming flooding coming through Europe and the UK as well. I see another tsunami this time though it’s in the Pacific, and I saw the Australian coast affected,” he said.
    Craig also mentioned a series of events unfolding in Australia in the coming years, including wildfires, floods, an explosion in the Great Barrier Reef, and the emergence of a new pandemic originating in the region.
    “Not in 2024 but in the future I see another pandemic rising, out of Australia, this is a bacterial infection of some sort, the world will beat it, it won’t be as extreme as Covid. I see fires around Canberra and I saw flooding around Tasmania, apparently this already happened. Someone said to me because I made this prediction a few weeks ago, so maybe that’s already happened I don’t know,” he said.
    In 2017, he made a chilling prediction that a flu pandemic would eventually sweep across the world, and by 2020, Covid-19 indeed spread globally.

  • LOOKING AHEAD 2024: 2024 is a Record year for Elections

    LOOKING AHEAD 2024: 2024 is a Record year for Elections

    2024 will be a record-breaking year for elections. Around the world, more than 2 billion voters in 50 countries will head to the polls, according The Center for American Progress, a US policy institute, .
    The United States, India and Mexico are among the countries holding national elections in 2024.
    Here’s a roundup of some key dates.
    United States election
    The US will head to the polls on 5 November, 2024.
    More than 160 million Americans are registered to vote. They’ll be choosing the 60th US president, who will serve in the White House for four years, from January 2025. Incumbent President Joe Biden hopes to secure a second term in office, while former President Donald Trump is hoping to secure a second, non-consecutive term.
    India election
    India’s election, between April and May 2024, will be the world’s largest, according to Chatham House, a UK policy institute .
    More than 900 million people are registered to vote in India, out of a population of 1.4 billion. Current Prime Minister Narendra Modi hopes to be re-elected for a third five-year term. India is the world’s largest democracy and also an “increasingly important geopolitical actor” globally, Chatham House says.
    Mexico election
    On 2 June 2024, Mexicans will head to the polls. The country has almost 100 million voters and they will elect a new president to serve a six-year term.
    For the first time in Mexico’s history, the two leading presidential candidates are women, explains the Wilson Center, a US think tank. The candidates are Claudia Sheinbaum Pardo, former mayor of Mexico City, and former senator Xóchitl Gálvez.
    Ballot papers across Mexico will also include votes to fill more than 20,000 public positions – a record for the country.
    European Union elections
    In the EU, 2024 elections for the European Parliament will take place between 6 and 9 June 2024.
    More than 400 million voters will elect 720 members of the European Parliament across 27 member countries.
    Because the EU election crosses so many borders, it will be the world’s biggest transnational election, reports French news channel France 24.
    South Africa election
    South Africa’s election in 2024 is expected to be the country’s most important for 30 years.
    The African National Congress (ANC) party has governed the country since 1994, when apartheid ended and Nelson Mandela became South Africa’s first Black president.
    Now there’s uncertainty about whether the ANC can keep its majority, reports Bloomberg. A coalition government in South Africa looks possible, believes polling organization Ipsos – but “not guaranteed”.
    More than 26 million South Africans are registered to vote, according to the Electoral Commission of South Africa.
    Other 2024 elections
    Elections in 2024 will also take place in Taiwan, Indonesia, Russia, Iran and Pakistan.
    Changes in policy, government regulation, interest rates and other areas could make 2024 a “tumultuous year,” Bloomberg suggests. The backdrop of war and economic shocks heightens potential geopolitical risks.
    Geopolitical risk
    In its Chief Risk Officers Outlook 2023, the World Economic Forum finds that continuing volatility in geopolitical and geoeconomic relations between major economies is the biggest concern for chief risk officers in both the public and private sectors.
    Most survey respondents for the report are expecting “upheavals at a global scale”.
    This is “unsurprising given the ongoing war in Europe and continuing US-China economic tensions”, the Forum says. But it also indicates a growing “adversarial” trend in international economic relations. Higher business costs, trade restrictions, market instability and “sharp swings in policies” are some of the factors underpinning this, the Forum finds.
    Source: Weforum.org

  • LOOKING AHEAD 2024: Where is the global economy heading in 2024?

    LOOKING AHEAD 2024: Where is the global economy heading in 2024?

    If you’re looking for a one-word summary of what lies ahead for the world economy in the coming year, it could well be “volatility”. One of the biggest sources of this volatility will be geopolitics, according to the chief economists surveyed for the World Economic Forum’s latest Chief Economists Outlook.
    But the situation is also nuanced, the report suggests. More positive shifts appear likely, including drops in inflation and a slowdown in interest rate rises.
    Here are the key findings from the Chief Economists Outlook.
    The global economy will weaken in the coming year, according to 61% of the chief economists surveyed for the report.
    Uncertainty is a key factor – as it was when the May edition of the Chief Economists Outlook was published. Fears of a global recession are falling, but concerns are rising about China’s economy, which recently dipped into deflation.
    Geopolitical and domestic political issues are other unsettling factors. Nine out of ten economists surveyed for the report believe geopolitics will create economic volatility in the year ahead.
    Domestic politics could also stoke economic volatility according to 79% of respondents, with the impending US electoral cycle likely a driver of this sentiment.
    Regional economic outlooks
    There is a “a growing divergence in growth prospects around the world,” the Chief Economists Outlook says.
    Asia is seen as having the strongest growth prospects – particularly South Asia, where 92% expect moderate or strong growth this year. Over half expect strong growth, up from 36% in the May edition of the report.
    However, expectations around China have slumped. Only 54% expect moderate or strong growth there in the rest of 2023, down from 97% in the May edition. And there’s little anticipation of that changing in 2024.
    “Besides the slower-than-expected rebound of domestic consumption earlier this year, China’s economic prospects have been clouded by deflationary pressures and signs of fragility in the crucial real estate market,” the report says. “Trade volumes have also slumped, with imports down by 12.4% and exports by 14.5% in the year to July 2023.”
    The outlook for the US economy has improved markedly since May, with around 80% of those surveyed expecting strong or moderate growth this year and next, up from about 50% in May.
    Europe is facing weak or very weak growth this year, according to 77% of those surveyed. But the picture could change notably in 2024, with just 41% expecting weak growth then.
    For the Middle East and North Africa, 79% expect moderate or strong growth in 2023 and 2024, up by 15 percentage points from May.
    Inflation and interest rate pressures easing
    Optimism emerges when it comes to the outlook for inflation, with 86% of chief economists believing the worst of the global inflationary surge will have subsided in a year’s time.
    Expectations around monetary policy fall into line with this, with 93% of respondents expecting the pace of interest rate rises to slow in inflation-prone economies. There is also likely to be less synchronization of monetary policy across central banks, four-fifths of chief economists say.
    “However … the mood remains very cautious,” the report adds. “Monetary policy is therefore likely to be carefully calibrated in the months ahead, as central banks navigate delicate domestic and global economic conditions,” including climate change, shifting demographics and deepening geopolitical and economic fractures.
    Expectations on US inflation have improved, with 54% of chief economists surveyed now expecting moderate or lower inflation there, up from 32% in May. But Europe is still seen as heading for high or very high inflation this year, according to 70% of respondents.
    China faces a different problem, with signs of deflationary pressures being reflected in the results: 81% of chief economists anticipate low or very low inflation this year, up from 48% in May.
    Economic blows impact global development
    Hopes of achieving the UN’s Sustainable Development Goals (SDGs) by their 2030 deadline are put in doubt by the headwinds the global economy is facing.
    Nearly three-quarters of respondents think geopolitical tensions will hinder progress towards global development targets in the next three years, while 59% expect tighter financial conditions to have the same effect.
    The UN’s Sustainable Development Report presents a similar picture, finding that there has been a ”worsening trend” on many SDGs since 2020, including eradicating extreme poverty and reducing food insecurity.
    Annual investment is $4 trillion below where it needs to be to meet the SDGs, compared with a $2.5 trillion shortfall when the SDGs were adopted in 2015, the UN Conference on Trade and Development says.
    Finding ways to mobilize finance could help turn this around. Private capital could make the biggest impact in developing countries’ digital transformation, energy, food and climate efforts, according to the chief economists, with knock-on benefits across development areas. Source: Weforum.org

  • LOOKING AHEAD 2024: Post-G20 triumphs, how India’s diplomatic landscape shifted in 2023 and challenges ahead in 2024

    LOOKING AHEAD 2024: Post-G20 triumphs, how India’s diplomatic landscape shifted in 2023 and challenges ahead in 2024

    The year 2023 will go down as a landmark year for India. There were singular achievements like the moon landing on the dark side and the brightness of an extremely successful G20 Summit. The effort to become a voice of the Global South was successful. Both the Global South Summits before and after the G20 summit revitalised Indian credentials. The success in bringing the African Union into the G20 through a hard-won consensus and ensuring that the interests of the developing countries were not lost sight of while countries grappled over the Ukraine crisis were indeed proud moments.
    The signing of the India-Middle East-European Connectivity Corridor (IMEC) was a significant development, opening up huge possibilities to the west of India. The decision that India would host the Quad summit in 2024 added heft to India’s stature. Between the conclusion of the G20 Summit and the end of 2023, however, a dynamic time for the international order ensued. Nothing is static, and things often happen suddenly.
    Four significant aspects during the last quarter of 2023 have a bearing on India’s policies as they head into 2024. First, the sudden attack by Hamas on Israel surprised many. It altered the dynamics of peace for economic development in the region. The focus on countering terror, humanitarian relief, and the re-emergence of deep-rooted animosities divided the world once again. A US area of dominance in which India was an important part now has China and Russia making inroads. Iran is an important player too. The power equations have altered, and question marks on the IMEC, US influence in the area, and the commitment of Saudi Arabia and the UAE to the peace process now cause anxiety.
    The Indian policy of countering terror and yet humanely supporting Palestine and seeking a two-state solution remains a conundrum. This is not India’s alone, since the US itself is similarly caught. Israel is unresponsive to US overtures. What is worse is that the Global South, which India stitched together developmentally, is now ruptured geopolitically. Not all South countries are on the same page regarding the Israel conflict, including the Arabs.
    As India salvages the development agenda from the Ukraine crisis at the G20, now, a renewed effort to rescue it from the depredations of the Palestine issue and Hamas in West Asia is required. Secondly, is the climate crisis. The impact of changing climate leading to floods, earthquakes, volcanic eruptions, cyclones, and the like is rising. While disaster management has improved, it has not curtailed the number of natural disasters. This impact of climate change requires greater capacity, both financial and human, to deal with resilience in the face of disaster and its risk mitigation. Indian efforts to nudge the Coalition for Disaster-Resilient Infrastructure ahead would now be tested.
    Secondly, the Climate Change Conference of Parties (COP28) in Dubai revealed the fissures between oil-producing countries and green lobbies. The effort to nudge high coal consumers like India into phasing out continued. The dichotomy of holding a COP amidst oil-producing countries and then expecting to have restrictions on the use of fossil fuels was a foolhardy decision. It was not of India’s making, and India did well at COP28 in adopting a lower profile, protecting its interests in coal transition, rather than phasing out. India stuck to its hard-won gains at the G20 on renewable energy and had them included in the declaration.
    However, there is no new money flowing in this direction even with the creation of a loss and damage fund. India would need to look at its partnership with other developing countries and introduce financing elements that would support the climate transition and the achievement of the SDGs, both of which are lagging severely behind their targets.
    The third aspect is the Indo-Pacific. The Biden-Xi summit in San Francisco on the sidelines of the APEC in November tried to reduce the confrontation while keeping the competition and cooperation alive between the two. Cooperation was evident at COP28. China seems to have gotten the US to quieten down on Taiwan; Chinese aggression in the Philippines is becoming bolder, and the Philippines’ vessels are being interdicted from supplying their outposts on various shoals. This is no longer a cold conflict but a daily problem in the seas off the Philippines. The US is joining the Philippines in bold statements. Japan is offering the Philippines assistance under its new official security assistance. India is willing to provide more defence supplies to the Philippines and is not curtailing the visit of its warships on goodwill missions to the country. The heat expected around Taiwan is now actually testing resilience in the Philippines. ASEAN seems muted, and it remains to be seen what the Quad will do and what the tipping point would be if a Philippine vessel is sunk by Chinese action.
    Fourthly, India would like the Quad to continue its ASEAN engagement. The Quad summit in 2024 would find practical means to implement the various ideas agreed upon.
    The parallel Indo-Pacific Economic Framework, which the US shepherded, is facing hiccups on the trade side in which India is not a partner. On other aspects, India, in particular, seeks a semiconductor supply chain with its Quad partners, as well as the critical minerals initiative. These would remain important aspects to pursue for India.
    The year 2024 is election time for India and the US. Japanese elections are scheduled for 2025 but given the falling popularity of Kishida and problems within his own party, could well see a 2024 election. In Australia, the lower house election is due. Quad partners will look internally, and the Quad Summit is pushed to later in 2024. Quad collaboration below the summit level must continue enthusiastically and robustly.
    The next step for India’s Global South credentials is to hold the long-delayed India Africa Forum Summit IV. It was due in 2020 and delayed by the pandemic. The African Union Commission was then busy with other delayed summits. India should work towards a functional IAFS IV summit rather than a big bang event. The agenda set at the G20 could be used to contemporise the India-Africa relationship, which is so well exemplified through the recent visits of the presidents of Tanzania and Kenya.
    Source: Firstpost

    (The writer, Gurjit Singh, is a former ambassador to Germany, Indonesia, Ethiopia, ASEAN and the African Union. He tweets @AmbGurjitSingh. Views expressed in the above piece are personal)

  • LOOKING AHEAD 2024: Shifting landscape of global job market in 2024

    LOOKING AHEAD 2024: Shifting landscape of global job market in 2024

    The year 2023 has been marked by disappointments in the job market, with reduced increments, fewer vacancies and rampant layoffs affecting thousands of individuals. As we stand on the brink of 2024, the trend of economic challenges and job market uncertainties seems set to continue.
    In a recent development, Paytm, an Indian fintech and payments giant, has made headlines by laying off 1,000 employees. The reason behind this strategic move is to boost efficiency by integrating artificial intelligence (AI) tools to handle repetitive and mundane tasks. According to Paytm, AI has proven to be more effective than human counterparts in certain job functions. This move by Paytm reflects a broader trend seen across industries, where companies are focusing on cutting expenses, maximising savings and doing more with less. The wave of austerity is evident in major global banks including UBS, Credit Suisse, Wells Fargo, Citigroup, Morgan Stanley, Bank of America and Goldman Sachs, which collectively cut 60,000 jobs in 2023.
    Challenges in the banking sector
    The banking sector, facing difficult times, has witnessed a decline in earnings over the past two years. Investment bankers, in particular, have experienced reduced income due to a decrease in deal-making and public listings. With fewer companies going public and investors opting for safer bets, banks are resorting to laying off employees to protect their profit margins. A recent report highlights the challenges faced by major global banks, emphasizing a trend of plummeting fees and the need for cost-cutting measures to maintain profitability. This transformation is not limited to the banking sector; it extends across various industries and is characterised by a global effort to protect profit margins by reducing headcounts.
    Impact on different sectors
    The tech sector stands out as one of the hardest-hit industries, with over 4,00,000 employees worldwide losing their jobs. Non-essential goods sellers, such as car companies like Ford and furniture retailers like IKEA, have also faced significant layoffs. Even the healthcare sector has not been spared, with companies slashing over 20 per cent of their staff on average.
    In a surprising development, the Big Four accounting firms – Deloitte, EY, KPMG, and Pricewaterhouse Coopers – have collectively let go of over 3,00,000 employees in 2023. This mass exodus is attributed to a changing job market landscape with firms responding to economic slowdown and advancements in technology.
    The job market transformation is a result of two key events – the economic slowdown and the rise of new technologies like artificial intelligence. These factors have led to significant changes and churn in the job market leaving fewer opportunities for human employment.
    Future of jobs
    A survey conducted by the World Economic Forum involving 800 companies across 27 industries and 45 economies reveals a complex picture. While these companies plan to create 69 million new jobs by 2027, they also anticipate eliminating 83 million positions, resulting in a net reduction of 14 million jobs.
    As we navigate through 2024, the job market is expected to become more competitive. Companies will prioritise versatile skillsets and individuals are urged to adapt, acquire new skills, and position themselves as valuable assets in the evolving workplace.

    Roles in artificial intelligence and machine learning, sustainability, business intelligence analysis, information security analysis and renewable energy engineering are expected to be in high demand. The job market is evolving and individuals with expertise in these areas will be sought after in the changing landscape.
    The job market of 2024 is characterised by challenges, transformations and a growing reliance on technology. While the wave of layoffs initiated in 2023 may persist, individuals can navigate these changes by embracing skill development and staying adaptable in the face of evolving job market dynamics.
    Hiring intent in India Inc will rise in 2024 but IT jobs to remain scarce: Report
    India’s hiring landscape is poised for growth in 2024, with overall intent increasing 19 percent compared to the previous year, according to a report by recruitment platform Taggd.
    The manufacturing sector leads the way with a robust hiring intent of 25 percent, underscoring a positive outlook for industrial expansion.
    Manufacturing companies plan to hire 15-30 percent more graduates from the 2024 batch than they did from the 2023 batch, indicating a positive trend in the manufacturing sector, the report, titled ‘India Decoding Jobs 2024’ noted. It was launched today at a Confederation of Indian Industry (CII) event. The Banking, Financial Services, and Insurance (BFSI) sector also stands out with a substantial 25 percent hiring intent, indicating a strong focus on talent acquisition in the financial domain.
    Similarly, the automotive industry is set to witness a 20 percent surge in hiring intent, reflective of the sector’s anticipation of increased demand. The Internet business and Global In-house Centre sectors share a promising outlook, with a significant hiring intent of 20 percent, highlighting the continued importance of technology and global operations.
    Meanwhile, the pharmaceutical industry displays a 16 percent rise in hiring intent, emphasising sustained growth in the healthcare sector.
    “In the last 8-10 months, we have absorbed the impact of the global slowdown. Much of it came with the normalisation of hiring in sectors like IT. We do believe that the numbers being predicted in the report are inclusive of all global parameters that we know can impact hiring, at least at this point. The offshoots of the global slowdown do not seem to be significantly affecting hiring in 2024,” Devashish Sharma, CEO at Taggd, told Moneycontrol.
    Hiring in IT to remain subdued
    The information technology (IT) sector showed a more conservative hiring intent increase of 3 percent, potentially reflecting a nuanced approach amid evolving industry dynamics.
    While volume growth in most IT companies has been impacted, salaries for IT employees have increased by approximately 15 percent, offering some support. On the other hand, non-IT hiring is experiencing growth, particularly in smaller towns.
    Top IT services firms are projected to hire between 50,000 and 100,000 employees during fiscal year 2024, representing a significant decline from the net hiring of over 250,000 in the previous year.
    “If we look at the hiring numbers, they will reach a normalised rate within the next six to nine months. Though the demand may not touch the post-pandemic ramp numbers this year, the demand for tech talent will continue from non-IT sectors, where digital initiatives are bringing up new opportunities,” Sharma said.
    Remote work to decline, diverse hiring anticipated
    In 2023, the employment landscape witnessed a predominant trend towards hybrid work models, constituting 56 percent of hiring intent, while 37 percent opted for traditional office-based setups, and 7 percent embraced remote work.
    A nuanced shift is anticipated in 2024, as the hybrid model strengthens its position at 60 percent, indicating a further embrace of flexible work arrangements.
    Work from office-only scenarios is expected to register a decline to 33 percent, reflecting a strategic balance, while the remote work component remains steady at 7 percent. The report said this points towards an evolving approach to work modes, emphasising the adaptability and resilience of organisations in shaping the future of work.
    In 2024, the projected diversity percentages for the workforce signify a positive evolution, with an expected increase in female representation to 36 percent, while the male percentage is anticipated to decrease to 64 percent. The current workforce distribution stands at 33 percent females and 67 percent males.

  • Rewind  2023: Major healthcare developments that made headlines this year

    Rewind 2023: Major healthcare developments that made headlines this year

    A lot of happened in the healthcare sector this year. The year began with a major earthquake in Türkiye and Syria and it ended with the horrific war in Gaza. This year, the world also witnessed many other crises, conflicts, and the continuing threat of disease outbreaks and climate change.
    The world also witnessed some positive developments. The year 2023 was a record year for disease elimination, with several countries eliminating infectious diseases.
    Here are some of major developments that made headlines this year:
    Outbreaks
    This year saw a record-breaking resurgence of many infectious diseases – anthrax, chikungunya, cholera, Crimean-Congo haemorrhagic fever, dengue, diphtheria, influenza, RSV – that needed a coordinated regional and global response. Other outbreaks included Lassa Fever in Nigeria and Ebola disease in Uganda, as well as Marburg virus disease in Equatorial Guinea and the United Republic of Tanzania.
    COVID-19 and mpox
    Amidst all the crises, there has also been positive news this year. In May, following the convening of the relevant Emergency Committees, WHO’s Director-General declared an end to two Public Health Emergencies of International Concern: COVID-19 and mpox, while also stating that the threats from both are not over.
    “With a continued threat of COVID-19, and the looming threat of an influenza pandemic, WHO continues to expand its networks to track respiratory pathogens with pandemic potential, utilizing its Global Influenza Surveillance and Response System and CoViNet to monitor the evolution of these pathogens, conduct risk assessments, and prepare for a potential vaccine when the need arises,” WHO said in a statement.
    Climate change and health
    In a historic first, the organizers of COP28 hosted a dedicated health day in response to the climate-related health crisis affecting at least 3.5 billion people – nearly half of the global population. Extreme heat, weather events and air pollution caused millions of deaths in 2023, putting enormous pressure on health systems and workforce.
    A new COP28 UAE Declaration on Climate and Health was signed by over 130 countries at the UN Climate Conference. The Declaration advocates for a rapid increase in political and financial commitments, and concrete action to protect people from the devastating health impacts of the climate crisis.
    Disease elimination
    The year 2023 was a record year for disease elimination, with several countries eliminating infectious diseases.
    In March, WHO certified Azerbaijan and Tajikistan malaria-free, followed by Belize in June.
    Egypt became the first country in the world to achieve “gold tier” status on the path to eliminating hepatitis C – an important milestone towards the goal of achieving full elimination of the disease before 2030. This is an astonishing turnaround for a country that had one of the world’s highest rates of hepatitis C infection less than 10 years ago, WHO stated.
    As of today, 50 countries have eliminated at least one neglected tropical disease (NTD), in line with WHO’s target of having 100 countries achieve this milestone by 2030. Ghana, Benin, Mali, Iraq, Bangladesh, and the Lao People’s Democratic Republic all eliminated neglected tropical diseases in their countries.
    Delivering vaccines
    As of November 2023, 72 percent of people worldwide had received at least one dose of a COVID-19 vaccine, with 13.6 billion doses administered around the world, preventing severe illness and hospitalizations for millions of people.
    “We began to see promising signs of recovery in levels of childhood immunization after the backsliding that occurred during the COVID-19 pandemic. Earlier in the year, global partners announced “The Big Catch-up”: a coordinated effort to reverse the declines in childhood vaccination, strengthening health systems and working towards a future where no child dies of a vaccine-preventable disease,” WHO stated.
    Another important milestone during the year was WHO’s recommendation of a new vaccine for malaria prevention, providing hope to bolster malaria prevention and save hundreds of thousands of young lives in the African Region. There are now two life-saving vaccines that are safe and effective in preventing malaria in children.
    A new dengue vaccine was recommended for introduction in settings with high disease burden. The new vaccine offers hope against the mosquito-transmitted infection, of which half of the world’s population is estimated to be at risk.
    There was promising news in the fight against meningitis, as WHO prequalified a novel meningococcal conjugate vaccine and issued a policy for its use in the countries of the African meningitis belt, which are affected by seasonal epidemics. According to WHO, Men5CV has the potential to drastically change the fight against meningitis, as it is expected to be more affordable and accessible to countries in the meningitis belt than other available vaccines.
    Non-communicable diseases
    In a first, WHO released its first-ever report on the devastating global impact of high blood pressure: 1 in 3 adults are affected by the condition. The report indicated that approximately 4 out of every 5 people with hypertension are not adequately treated, but if countries can scale up coverage, 76 million deaths could be averted between 2023 and 2050.

    The new WHO Global status report on road safety 2023 shows that, since 2010, the number of annual road traffic deaths has fallen by 5% to 1.19 million.
    An estimated 101 million people in India were detected with diabetes, 136 million were found to be prediabetes and 315 million people from hypertension in 2021, a first-of-its-kind study by ICMR-INDIAB, which measured the prevalence of metabolic non-communicable diseases (NCDs) in India.

     

  • 1st Test: South Africa rout India by an innings and 32 runs

    1st Test: South Africa rout India by an innings and 32 runs

    Centurion (TIP)- South Africa shredded through the Indian batting line-up to claim victory by an innings and 32 runs in the first Test here on December 28, securing the win inside three days and ensuring their proud home record against the tourists remains intact. The home attack dismissed India for 131 in their second innings after South Africa had earlier scored 408 for a 163-run first innings lead.
    Only Virat Kohli provided any resistance in an alarming collapse as debutant Nandre Burger took four wickets, Marco Jansen three and Kagiso Rabada two.
    With only two Tests being played, South Africa cannot lose the series and remain the only country where India have yet to win an away series.
    It was a devastating bowling performance, from the first ball of India’s second innings where South Africa could have had a wicket had Aiden Markram, at second slip, not dropped an edge from Yashasvi Jaiswal off Rabada. But in his next over the fiery paceman bowled India’s captain Rohit Sharma and Jaiswal then gloved a searing delivery from Burger to depart for five. Shubman Gill led a brief fightback for his beleaguered team as he scored 26 runs off 37 balls. He was bowled by Jansen to leave India reeling at 62/3 at tea.
    But while Kohli proved a bulwark, wickets continued to fall at the start of the last session with Shreyas Iyer castled by Jansen (6) and then Burger taking two wickets in as many balls. KL Rahul, who scored a century in the first innings, went cheaply for four as he edged to Markram and Ravichandran Ashwin was caught next ball.
    David Bedingham then took a second catch at gully as Shardul Thakur (2) became Rabada’s seventh wicket of the Test before Jasprit Bumrah was run out without scoring. A slight brush on the thumb of his glove saw Mohammed Siraj go next and Kohli was the last out for 76 runs off 82 balls.
    Brief Scores:
    India first innings: 245 all out.
    South Africa first innings: 408 allout in 108.4 overs (Dean Elgar 185, Marco Jansen 84 not out; David Bedingham 56; Jasprit Bumrah 4/69, Mohammed Siraj 2/91).
    India second innings: 131 all out in 34.1 overs (Virat Kohli 76, Shubman Gill 26; Nandre Burger 4/33, Marco Jansen 3/36, Kagiso Rabada 2/32).
    Source: Reuters

  • Australia bounce back, beat India women by six wickets

    Australia bounce back, beat India women by six wickets

    Australia’s Ellyse Perry and Phoebe Litchfield run between the wickets during the first ODI against India.

  • Govt didn’t follow ‘proper procedure’ while suspending WFI: Wrestling body chief

    Newly-elected WFI president Sanjay Singh on Thursday, December 28, said that the sports ministry did not follow “proper procedure” while suspending the wrestling national body and will challenge the government’s decision in a court. The sports ministry on Sunday suspended the WFI, three days after its elections were held, for flouting its own constitution while taking certain decisions, including the announcement of U-15 and U-20 National Championships.
    Sanjay, however, said that his “autonomous” and “democratically elected” body could not have been suspended by the government without hearing the WFI’s side of the story.
    “We have won the elections (of WFI) democratically. The returning officer was the retired chief justice of J&K High Court, there were observers from the IOA and UWW (United World Wrestling). There were 22 state units (three absent out of 25 state associations) taking part in the elections, 47 votes were polled out of which I got 40,” Sanjay told PTI.
    “After all these, if you say we are suspended, we are not going to accept it. A democratically-elected body was not given a chance to explain its position which is against the principle of natural justice which everybody is entitled to under the Constitution of India.”
    Asked what is the way forward for his body, he said, “WFI is an autonomous body and the government has not followed proper procedure. We are going to talk to the government and if it (government) does not take back the suspension, we are taking legal opinion and going to court.” He said since the WFI is contesting the suspension, he does not accept the three-member ad-hoc committee formed by the Indian Olympic Association (IOA) on Wednesday to run the day-to-day affairs of the national sports body.
    He said the visit by Congress leader Rahul Gandhi in an akhada in Haryana to meet Olympic medallist Bajrang Punia made it clear that the trio, who led the five-month-long protest accusing former WFI chief Brij Bhushan Sharan Singh of sexually harassing women grapplers, were playing politics.

     

  • Rahul promises caste census again, Congress chief vows ‘Nyay’

    Rahul promises caste census again, Congress chief vows ‘Nyay’

    New Delhi (TIP) – Congress leader Rahul Gandhi on November 28 reiterated that a caste census would be conducted if Opposition’s INDIA alliance came to power, while party chief Mallikarjun Kharge promised implementation of the Nyay scheme for the poor if the party won the elections. They were speaking at the Congress’ 139th foundation day rally, titled “Hain Taiyyar Hum”, in Nagpur to kick off the party’s campaign for the General Election. The promise of a caste census to woo the OBC voters was central to Rahul’s campaign for the Assembly elections held in November. Following the party’s disastrous performance in three Hindi heartland states of Rajasthan, Chhattisgarh and Madhya Pradesh, the Congress gave temporary burial to the issue and did not broach the subject in the winter session of Parliament held earlier this month.
    Making it clear that Congress would continue to bank on the caste census issue, Rahul said INDIA alliance’s government would conduct a caste survey. “How many youth have been given employment in the last 10 years by the Modi government? Unemployment is at all-time high now,” the Congress leader said. OBCs, Dalits and tribesmen do not have representation in commensurate with their population in various sectors, he said. Rahul said 1.50 lakh youth, who were selected for appointment in defence forces, were refused jobs because of the introduction of the Agniveer scheme.
    “We do not want two Indias. Only the INDIA alliance can provide employment to the youth,” he said. “If the INDIA alliance is voted to power, the Nyay scheme will be implemented for the empowerment of the poor including women,” Kharge said, resurrecting the scheme promised in the party’s 2019 manifesto to provide five crore poorest families a guaranteed minimum income of Rs 72,000 annually. Kharge alleged that PM Modi did not respect Parliament. “To protect one BJP MP who signed the documents to allow the intruders who jumped into the Lok Sabha well, 146 MPs (of the Opposition) were suspended,” Kharge said.
    “Leaving aside all important issues facing the country, the BJP will highlight God,” he said, referring to the Ram temple inauguration at Ayodhya.
    Senior party leader Sonia Gandhi and general secretary Priyanka Gandhi Vadra did not attend the rally. Himachal Pradesh CM Sukhvinder Singh Sukhu, his Telangana counterpart Revanth Reddy and Karnataka Deputy CM DK Shivakumar were among those present.
    Source: TNS

  • Several trains, flights delayed as dense fog engulfs North India; no relief till Jan 2

    Several trains, flights delayed as dense fog engulfs North India; no relief till Jan 2

    New Delhi (TIP) – The India Meteorological Department (IMD) has forecast dense to very dense fog to continue across north Indian states till January 2. Cold day conditions have also been predicted to remain in parts of Delhi, Uttar Pradesh, Punjab, Haryana and Chandigarh, according to the IMD’s morning bulletin.
    The Met Department stated that fog conditions would not improve before January 2.
    A red alert has been issued for fog in Punjab, Haryana and Delhi for today, and an orange alert for tomorrow. Punjab has been given an orange alert warning for December 31 as well. The IMD issued a yellow alert for fog across north Indian states till January 2.
    These dense fog conditions have heavily impacted transport services, hitting flights and train operations that have been marred by multiple cancellations and delays. According to the latest updates by the Northern Railways, dozens of trains, including Rajdhani Express on the Delhi-Howrah route, are running between 10 and 12 hours late.
    Flight operations have also been affected, with a few of them delayed.
    Delhi recorded a minimum temperature of 10.7 degrees Celsius on Friday, up from 8.4 degrees Celsius the preceding day. The IMD predicted the minimum temperature to hover around seven to eight degrees Celsius over the next five days. On Thursday, the national capital’s maximum temperature was recorded at 21.4 degrees Celsius, one notch above normal. Amid icy cold conditions, schools remain closed in Gautam Buddh Nagar – consisting of Noida and Greater Noida. The district administration ordered closure of schools for students for December 29 and 30. However, teachers and other staffers would work.
    Visuals on social media showed people sleeping inside shelter homes in Delhi. A video shared by news agency ANI showed visibility almost completely reduced at Thursday midnight in areas around the Indira Gandhi International Airport. Conditions have, however, improved significantly now. Visibility at Delhi Airport was at 150 metres, with runways at a range of 400 metres to 800 metres, at the time of writing this report.
    Meanwhile, at least six people were killed, and 12 others were injured in two separate road accidents in Uttar Pradesh due to reduced visibility on Thursday, police told news agency PTI. Earlier in the day, at least four people were killed and six injured in separate road crashes in Uttar Pradesh due to reduced visibility from dense fog.
    In an advisory for dense fog, the Met department has asked drivers to use fog lights and travellers to stay updated on schedules of airlines, railways and state transport. “Exercise caution while driving or using any mode of transportation,” the IMD said.

  • Ties with India have grown in hi-tech areas: Putin to EAM Jaishankar

    Ties with India have grown in hi-tech areas: Putin to EAM Jaishankar

    New Delhi (TIP) – Russian President Vladimir Putin drew satisfaction from the trajectory of bilateral ties with India when External Affairs Minister S Jaishankar called on him on Wednesday, December 27, evening.
    In an indication of the warmth in ties with India, the arrangement of the interaction with Jaishankar at the Kremlin was different from Putin’s interactions with other world leaders. Jaishankar and Putin sat face to face across the narrow width of a table whereas in the last meeting with French President Emmanuel Macron, for instance, both leaders sat at either ends of the table or about 30 feet across from each other. Putin said bilateral trade had galloped for the second year running, while noting this year, the growth rates were even higher than last year. “It is common knowledge that this is primarily energy resources — oil, oil products and coal — but it’s not just that. We are working together in high-tech areas,” said Putin, according to a Kremlin readout. “We are very pleased to note that despite the current turbulence in the world, relations with our traditional friends in Asia, with India and the Indian people are making steady headway,” he added.
    The Russian leader also suggested that Moscow understood and appreciated PM Modi’s position. “We know the position of PM Modi and have talked about this more than once. I am referring to his position, his attitude to complicated processes, including hotspots, and the situation in Ukraine. I have repeatedly informed him about the situation around this conflict. I know about his striving to resolve this problem through peaceful means,” he observed.
    Putin, while inviting PM Modi to visit Moscow next year, said he realised that next year, India’s domestic political calendar is not simple. “It is complicated considering that India will hold General Election. We wish success to our friends in India. We believe we will maintain our traditional friendly ties in any alignment of political forces,” he observed. Jaishankar said he was “honoured” to call on Putin and revealed he handed over a personal message from PM Modi. He added PM Modi was looking forward to visiting Russia next year
    Source: TNS

  • Nina Singh becomes 1st woman to head CISF

    Nina Singh becomes 1st woman to head CISF

    The Indian government on Thursday , December 28, appointed Nina Singh as the Director General of CISF, making her the first woman to head this elite force. Apart from her, the Centre has also appointed ITBP chief Anish Dayal Singh as the Director General of the Central Reserve Police Force (CRPF).
    “Nina Singh has been appointed as the DG, CISF. Singh, a 1989-batch IPS officer of Rajasthan cadre, is currently working as Special DG, CISF. She has been appointed to the post till her superannuation on July 31, 2024,” the order said. Nina Singh was the first woman IPS officer allocated to the Rajasthan cadre where she served in many important assignments across the state. She also worked as Joint Director in the CBI during 2013-18 where she supervised many high-profile cases having national and international ramifications.
    She has been working in the CISF since 2021, first as ADG and then as Special DG, and DG in-charge since August 31, 2023. A native of Bihar, she has studied at the Patna Women’s College, JNU and Harvard University. She is married to Rohit Kumar Singh, her batchmate in the IAS, currently posted as Secretary, Consumer Affairs in the Central government. Anish Dayal Singh, a 1988-batch Manipur-cadre IPS officer, was holding the additional charge of the CRPF following the retirement of incumbent S L Thaosen on November 30.
    “Appointment of Anish Dayal Singh, currently working as DG, ITBP, from the date of joining the post and up to December 31, 2024, the date of his superannuation or till further orders, whichever is earlier,” the order said. Source: The Indian Express

  • Priyanka Gandhi Vadra named in ED chargesheet on 2005-06 land transactions case

    Congress leader Priyanka Gandhi Vadra has been mentioned in a chargesheet filed by the Enforcement Directorate (ED) in connection with its probe into an allegedly dubious purchase of land in Haryana from a Delhi-based real estate agent, who was also hired by CC Thampi, an aide of fugitive arms dealer Sanjay Bhandari, and is also a close associate of Priyanka’s husband Robert Vadra. The chargesheet also explains in detail the close association between Robert and Thampi. While Robert’s name has surfaced in the chargesheet filed against Thampi and Sumit Chadha, who are the co-accused in the money laundering case against Bhandari, it is Priyanka’s mention which is likely to provide a lot of political gunpowder to the BJP ahead of the General Election. However, neither Priyanka nor Robert have been listed as accused in the matter.
    The chargesheet says, “Robert Vadra purchased three pieces of land measuring 40.8 acres at Amipur village in Faridabad district of Haryana from Delhi-based real estate agent HL Pahwa in 2005-2006 and sold the same land to Pahwa in December 2010. Further Priyanka Gandhi also purchased agricultural land measuring 5 acres in Amipur village from Pahwa in April 2006 and sold it back to him in February 2010. Pahwa was receiving cash off the books. It was also noticed that Robert did not pay the entire sale consideration to Pahwa. The investigation in this regard is underway.”
    Incidentally, the chargesheet says that “during the course of investigation, it has been found that a long and thick relationship exists between Thampi and Robert Vadra. Not only a personal/cordial bond, but common and similar business interests have also been found between them…. In his statement recorded on June 19, 2019, Thampi said he knew Robert for the last 10 years and he (Robert) was initially introduced to him by Madhavan, PA to Sonia Gandhi.
    Source: TNS

  • Qatar court commutes death sentence of 8 former Indian Navy men

    New Delhi (TIP) – A Qatari court on Thursday, December 28, commuted the death sentence given to eight former Indian Navy personnel earlier this year and sentenced them to prison for varying durationsranging from three years to 25 years, people familiar with the matter said. The ruling by Qatar’s Court of Appeal came during the hearing of an appeal by the families of the eight men, who were detained in August 2022 on undeclared charges. Reports have suggested they were accused of espionage, though Qatari and Indian authorities haven’t provided details of the charges against them. The external affairs ministry said in a brief statement that Qatar’s Court of Appeal had “reduced” the sentences given to the eight men — Captains Navtej Gill and Saurabh Vasisht, Commanders Purnendu Tiwari, Amit Nagpal, SK Gupta, BK Verma and Sugunakar Pakala, and sailor Ragesh — but provided no details. “The detailed judgment is awaited,” the statement said.
    The people cited above said the Qatari court had commuted the death sentence of all eight men and given them prison terms of varying duration. “The death sentence is off the table. The prison terms vary from a few years to several years,” one of the people said on condition of anonymity.
    A second person said the prison terms range from three years to 10, 15 and 25 years.
    The commutation of the death sentence makes it possible for India to invoke a 2015 agreement with Qatar on the transfer of sentenced persons. The pact allows citizens of India and Qatar who have been convicted and sentenced for criminal offences to serve their sentences in their home country.
    The agreement — signed during a visit to India by the emir of Qatar, Sheikh Tamim bin Hamad Al Thani, in March 2015 — is not applicable to persons sentenced to death.
    The external affairs ministry said the Indian side is in close touch with the legal team and the families of the eight men to “decide on the next steps”.
    The Indian ambassador to Qatar and other officials were present in the Court of Appeal with family members when the verdict was delivered on Thursday, December 28
    “We have stood by them since the beginning of the matter and we will continue to extend all consular and legal assistance. We will also continue to take up the matter with the Qatari authorities,” the statement said.
    “Due to the confidential and sensitive nature of proceedings of this case, it would not be appropriate to make any further comment at this juncture,” it added.
    The people said the Indian side will work with the legal team to explore options, including the mounting of a further appeal against the prison terms given to the men. “This is all part of a process and it will continue,” the person cited above said.
    The eight men, including decorated officers who commanded frontline warships in the Indian Navy, were sentenced to death by Qatar’s Court of First Instance on October 26 after being detained for more than a year.
    At the time, the external affairs ministry expressed “deep shock” at the verdict and pledged to look at all legal options to help the former naval personnel.
    Qatar’s Court of Appeal had held three hearings on November 23, November 30 and December 7. The Indian ambassador was provided consular access to meet the eight men on December 3.
    Earlier, the families of the men had petitioned the emir of Qatar to pardon them. The emir usually pardons prisoners on Qatar’s national day on December 18 and during the Eid festivals.
    The eight men were employees of a subsidiary of Oman-based Dahra Engineering & Security Services, which provided training and other services to Qatar’s armed forces. The subsidiary was shut down in May this year.
    Source: HT

  • RBI ups weight of SBI, HDFC Bank in too-big-to-fail list

    RBI ups weight of SBI, HDFC Bank in too-big-to-fail list

    Mumbai (TIP)- The Reserve Bank of India has upgraded the weightage of SBI and HDFC Bank on its list of three Domestic Systemically Important Banks (D-SIBs) for 2023 which includes ICICI Bank as well. The RBI said on Thursday, December 28, that while ICICI Bank continues to be in the same bucket structure as last year, SBI and HDFC Bank move to higher buckets – SBI shifts from bucket 3 to bucket 4 and HDFC Bank shifts from bucket 1 to bucket 2.
    The three D-SIBs are require closer regulation under which they need to set aside more capital to avoid risk because if they fail this could have a disastrous effect on the country’s entire economy. These banks are also classified as “too-big-to-fail”.
    For SBI and HDFC Bank, the increase of 0.2 per cent in D-SIB buffer requirements on account of the bucket increase will be effective from April 1, 2025.
    The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer, the RBI said.
    The current update is based on the data collected from banks as on March 31, 2023 and factoring in the increased systemic importance of HDFC Bank post the merger of erstwhile HDFC Limited into HDFC Bank on July 1, 2023, RBI said.
    The D-SIB framework requires the RBI to disclose the names of banks designated as D-SIBs starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SIS). Based on the bucket in which a D-SIB is placed, an additional common equity requirement has to be applied to it.
    In case a foreign bank having branch presence in India is a Global Systemically Important Bank (G-SIB), it has to maintain additional CET1 capital surcharge in India as applicable to it as a G-SIB, proportionate to its Risk Weighted Assets (RWAs) in India, i.e., additional CET1 buffer prescribed by the home regulator (amount) multiplied by India RWA as per consolidated global Group books divided by total consolidated global Group RWA. Source: IANS

  • Oil prices rise amid fears over escalating tensions in Middle East

    Oil prices rise amid fears over escalating tensions in Middle East

    Tokyo (TIP) – Oil prices rose in early Asian trade on Thursday, December 28, as persistent fears over escalating tensions in the Middle East outweighed easing concerns about transport disruptions as some global shipping firms said they were returning to the Red Sea route.
    Brent crude futures climbed 20 cents, or 0.3%, to $79.85 a barrel by 0133 GMT. U.S. WTI crude futures were up 24 cents, or 0.3%, at $74.35 a barrel. Prices dropped nearly 2% on Wednesday as major shipping firms began returning to the Red Sea.
    “Concerns about shipping in the Red Sea have eased, but continued worries about tensions in the Middle East, especially on Iran’s involvement in the region, make it difficult to sell further,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.
    “The market is likely to try the upside again… maybe in the early new year, also on expectations of a recovery in fuel demand thanks to monetary easing in the United States and higher kerosene demand during the winter in northern hemisphere,” he said.
    Danish shipping company Maersk said it has scheduled several dozen container vessels to travel via the Suez Canal and Red Sea in the coming weeks after calling a temporary halt to those routes this month after attacks by Yemen’s Iran-backed Houthi militia.
    But the prospect of a prolonged Israeli military campaign in Gaza and the spillover of the conflict to attacks on ships in the Red Sea remain major drivers of market sentiment.
    Israeli forces pummelled central Gaza by land, sea and air on Wednesday, a day after Israel’s chief of staff, Herzi Halevi, told reporters the war would go on “for many months”.
    Growing expectations that key central banks such as the Federal Reserve will start to cut interest rates early next year also lent support. Lower interest rates reduce borrowing costs, which can stimulate both economic growth and oil demand.
    The market showed little reaction to the build in U.S. crude stockpiles last week.
    U.S. oil inventories rose by 1.84 million barrels in the week to Dec. 22, according to market sources citing American Petroleum Institute figures on Wednesday, against an estimated drop of about 2.7 million barrels in a poll of seven analysts by Reuters. U.S. government data on stockpiles is due on Thursday, delayed by a day due to the Christmas holiday on Monday. Source: Reuters