Author: Devesh Kumar

EU plan for new penalties for Moscow aimed at providing Ukraine with package of new financial assistance. EU agreed on Monday to ban most Russian oil imports into the bloc by the end of the year as part of new sanctions imposed on Moscow at a summit aimed at assisting Ukraine with a long-delayed package of new financial aid. The embargo applies to Russian oil imported by sea, with a temporary exemption for pipeline imports. It was a move that was critical in bringing landlocked Hungary on board with a decision that required consensus. According to EU Council President Charles Michel,…

Sri Lanka is marred by violent protests due to the economic collapse under the Rajapaksha regime  Sri Lanka’s Prime Minister Ranil Wickremesinghe on Sunday asked protestors to come forward and join governance. It was after weeks of violent protests and change of the Prime Minister that government is trying a news strategy to deal with protests, which often turn violent. The invitation for came at the protests completed 50 days recently. The protestors which include mainly young people are camping outside the office of President Mahinda Rajapaksha. They hold him and his family responsible for the Sri Lanka’s worst economic…

According to investigations Al Jazeera Journalist was not in direct line of fire, that means line of fire was changed in order to shoot her. Al Jazeera media network will approach the International Criminal Court in the case of death of its journalist Shireen Abu Akleh. The organization has formed a legal team along with international experts. They are currently preparing their submissions to the prosecutor of Hauge based court. The submission includes the Israeli bombing “and total destruction” of Al Jazeera’s office in Gaza in May 2021. It was also “constant incitements and attacks” on Al Jazeera journalists…

It is seen as a fallout of the long-running battle between chief minister Mamata Banerjee and governor Jagdeep Dhankhar.  Mamata Banerjee led West Bengal cabinet decided on Thursday to introduce legislation in the state assembly to replace the governor with the chief minister as chancellor of all state-run universities. It is a move seen as a result of the long-running feud between chief minister Mamata Banerjee and governor Jagdeep Dhankhar.  “The cabinet unanimously decided that the chancellor of all state-run universities will be the chief minister in place of the governor. This decision will be placed before the legislative assembly…

Yasin Malik sentenced by a special National Investigation Agency (NIA) court in connection with a 2017 terror funding case.  Yasin Malik, the leader of the Jammu and Kashmir Liberation Front (JKLF), sentenced to life in prison on Wednesday by a special National Investigation Agency (NIA) court. It was in connection with a 2017 terror funding case. Malik, a Kashmiri separatist, was convicted on various charges in the case on May 19.  The NIA urged the court to award death penalty to Yasin Malik, but the court held the view that this case doesn’t come in the category of “rarest of…

Turkey stated that the operation’s goal would be to restart Turkish efforts to establish a 30-kilometer safe zone along its border with Syria.    Recep Tayyip Erdogan, threatened to launch a new military campaign in Syria to secure the country’s southern border on Monday. Following a Cabinet meeting, Erdogan asserted that the operation’s main objective would be to reboot Turkish efforts to establish a 30-kilometer (20-mile) safe zone along its border with Syria.  “We will soon take new steps regarding the incomplete portions of the project we started on the 30-km deep safe zone we established along our southern border,”…

Zomato’s gross order value for the fiscal fourth quarter reached a new high of 5,850 crores. Zomato Ltd reported a loss of 359.7 crore for the quarter ended March. When compared to a loss of 138.1 crore in the same period the previous year it is triple. Despite an increase in other income to 138.2 crore from 58.4 crore, the net loss increased. Zomato’s net loss expanded to 1,222.5 crore in FY22, up from 816 crore in FY2021. Zomato’s revenue, on the other side, increased by 75% in Q4FY22, to 1,211.8 crore from 692.4 crore the previous year. The aggregator’s…

Source: Money Control India is part of a group, that consists of 12 countries, which aim to promote economic ties. India and 12 countries led by the United States launched the Indo-Pacific Economic Framework (IPEF) on Monday. It was to provide an economic alternative to China’s strategic footprint in the Indo-Pacific region. The IPEF aims to enhance economic partnership among participating countries. It is also to strengthen resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region. At the IPEF’s launch in Tokyo, PM Modi sat beside the US President Biden and Japanese PM Fumio Kishida. US Secretary…

Turkey also cleared those two countries should not bother sending their delegations to convince them With the Russian invasion of Ukraine approaching three months, Sweden and Finland, two Nordic countries that have traditionally avoided military alliances, have requested to join the North Atlantic Treaty Organization (NATO). However, their integration into NATO may be difficult. Turkey, which has been a member of NATO since 1952, has stated that it will reject the Nordic nations’ admission, citing the fact that they harbor “terrorist organizations”. Amid the chaos in the world, Sweden and Finland kept their policy of non-alignment a priority and…

The UN has warned that the conflict of Russia-Ukraine has contributed to a worldwide food crisis that could last years if it is not addressed.  The UN has warned that the conflict in Russia-Ukraine has contributed to a worldwide food crisis that could last years if it is not addressed. While the World Bank has promised an additional $12 billion in funding to help offset the conflict’s “devastating impacts.”  As financial markets fell heavily on fears of inflation and a worldwide recession, UN Secretary General António Guterres said that shortages of grain and fertilizer were caused by the war. Further…