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Latest World News, World News, Current Affairs, Daily Current Affairs

Posted: 02 Jul 2019 05:15 AM PDT

Latest World News, World News, Current Affairs, Daily Current Affairs


The Story On How This Sr-71 Crashed

Posted: 02 Jul 2019 04:30 AM PDT


Dario Leone, National Interest: The Story of When an SR-71 Blackbird Crashed While Refueling

We've got the details.

"My aircraft had smashed into the ground approximately 20 miles east of El Paso at 0915 hours."

The SR-71 would be a very short-ranged aircraft were it not for air refuelling, limited to around 2,000 NM. Multiple air refuellings extended the range of the aircraft to the limits of crew endurance. Many missions have exceeded 12,000 NM. Forward basing of the SR-71 and KC-135Q tankers permitted faster response, shorter range, shorter duration missions, fewer air refuelling, and greater overall efficiency.

Read more ....

WNU Editor: An truly incredible story.

Many Senior Roles At The Pentagon Remain Vacant Or Filled By Temporary Officials

Posted: 02 Jul 2019 04:00 AM PDT

The Pentagon, headquarters of the United States Department of Defense, taken from an airplane in January 2008. Wikipedia

CNN: 18 senior Pentagon roles are currently filled by temporary officials or vacant

Eighteen of the most senior roles at the Pentagon lack permanent appointees, the Department of Defense confirmed to CNN on Monday, providing a complete list of positions currently being filled by temporary officials.

It is a reflection of the Department of Defense's ongoing struggle to establish an unprecedented transition plan aimed at ensuring continuity of leadership at the highest levels while there is still no confirmed secretary of defense.

The top priority is to get Mark Esper's nomination to the Senate Armed Services Committee so a confirmation hearing for the acting secretary of defense can be scheduled quickly. Esper stepped into the acting position following the dramatic implosion of Patrick Shanahan's nomination last month.

Read more ....

WNU Editor: It starts at the top .... Pentagon facing possibility of third acting defense secretary in less than a month (CNN).

This Is How The F-22s In The Middle East Would Be Used Against Iran If War Breaks Out

Posted: 02 Jul 2019 03:00 AM PDT

National Interest: How America's F-22s (Now Near Iran) Could Strike If War Breaks Out

The likely mission of the F-22 Raptors in the event of full-scale hostilities with Iran would be targeting Tehran's surface-to-air missile batteries, especially the S-300 system, its best air defense.

Taken on Jun. 27, 2019 the pictures in this post show U.S. Air Force (USAF) F-22 Raptors arriving at Al Udeid Air Base, Qatar. The Raptors are deployed to Qatar for the first time in order to defend American forces and interests in the U.S. Central Command area of responsibility.

The USAF did not give the total number of F-22s deployed, but a handout picture showed at least five the warplanes over the base.

The F-22 movement comes a week after an Iranian surface-to-air missile (SAM) shot down a U.S. Navy MQ-4C Triton drone over the Strait of Hormuz. Iran said the drone was in its airspace, but Washington claims it was over international waters.

Read more ....

WNU Editor: It is going to take a lot more F-22s to confront Iran than what has already been deployed.

U.S. Air Force's Newest Air-To-Air Missile Is So Secretive That They Require A Custom Storage Bunker

Posted: 02 Jul 2019 02:00 AM PDT

USAF

Warzone/The Drive: New AIM-260 Missiles Are So Secretive They Will Require A Custom Storage Bunker At Hill AFB

Budget docs dated March of 2019 give the first official explanation of the program and why it needs a $6.5M high-security storage vault at Hill AFB.

Big news hit in late June that the USAF and the Navy have been well on their way to secretly developing an all-new beyond-visual-range air-to-air missile intended to replace the AIM-120 AMRAAM. The missile is officially called the AIM-260 Joint Advanced Tactical Missile, or JATM. The effort has been fast-tracked in order to counter rapid developments in long-range air-to-air missile capabilities among America's peer state competitors and especially China. You can read all about this new missile in our recent article on it linked here, but Air Force budget documents dating back to March of 2019 appear to have been the first source to detail the program and underline just how important the Pentagon thinks the secrecy surrounding it is to national security.

Read more ....

WNU Editor: This air-to-air missile must contain a lot of secrets.

Russia Deploys Its Newest Stealth Nuclear-Ballistic Submarine

Posted: 02 Jul 2019 01:00 AM PDT



National Interest: Russia New Stealth Submarine Is Armed with 72 Nuclear Warheads

It could kill millions. Here is all we know about it.

On May 22, 2018, the Russian submarine Yuri Dolgoruky slipped beneath the waves of the Arctic White Sea. Hatches along the submerged boat's spine opened, flooding the capacious tubes beneath. Moments later, an undersea volcano seemingly erupted from the depths.

Amidst roiling smoke, four stubby-looking missiles measuring twelve-meters in length emerged one by one. Momentarily, they seemed on the verge of faltering backward into the sea before their solid-fuel rockets ignited, propelling them high into the stratosphere. The four missiles soared across Russia to land in a missile test range on the Kamchatka peninsula, roughly 3,500 miles away.

Read more ....

Update #1: Russia's First Borei-A-Class Missile Sub to Enter Second Round of Sea Trials in June (The Diplomat)
Update #2: Russia to complete Borei and Yasen series of nuclear-powered submarines in 2023-2024 (TASS)

WNU Editor: This is probably the most lethal weapon's platform in the Russian military.

U.S. Intelligence: Russia Will Only Make A Few Units Of A Hypersonic Weapon

Posted: 02 Jul 2019 12:00 AM PDT

© Sputnik / Evgeny Biyatov

CNBC: Russia will only make a few units of a hypersonic weapon Putin bragged about, US intelligence says

* Russia will only produce a few units of a hypersonic weapon that Vladimir Putin had bragged was already in production, according to people with direct knowledge of a U.S. intelligence report.
* The Kremlin is having a hard time finding a source for the critical carbon fiber components needed to produce the weapon, a hypersonic glide vehicle dubbed Avangard.
* It was one of the six weapons Putin boasted about in March 2018. At the time, the Russian leader claimed it was capable of reaching targets at a speed of 20 times the speed of sound.

WASHINGTON — Russia will produce only a few units of a hypersonic weapon that President Vladimir Putin had bragged was already in serial production, according to people with direct knowledge of a U.S. intelligence report.

The Kremlin is having a hard time finding a source for the critical carbon fiber components needed to produce the weapon, a hypersonic glide vehicle dubbed Avangard.

It was one of the six weapons Putin boasted about in March 2018. At the time, the Russian leader claimed Avangard was capable of reaching targets at a speed of 20 times the speed of sound and that the weapon can strike "like a fireball." He also said that the device had already entered serial production.

Read more ....

WNU Editor: They are having production problems .... Russia's hypersonic weapon is reportedly running short on carbon fiber (Endgadget).

Kremlin Proposes A Prisoner Swap With Washington

Posted: 01 Jul 2019 11:00 PM PDT

Shamil Zhumatov/Reuters

Reuters: Russia proposes prisoner swap with U.S.: Ifax

MOSCOW (Reuters) - Russia called on the United States on Monday to free Russian pilot Konstantin Yaroshenko and proposed a prisoner swap with Washington to win the release of any American national held in Russia, Interfax news agency reported.

The comments may fuel speculation that Moscow is seeking a prisoner exchange involving Paul Whelan, a former U.S. Marine arrested and held in Russia on spying charges that he denies and that he has likened to a political kidnap.

Yaroshenko is a pilot serving 20 years in the United States for conspiracy to smuggle cocaine into the country. He was arrested by U.S. special forces in Liberia in 2010.

"Free Yaroshenko, swap him for an American or Americans who are serving their sentence here," Russian Deputy Foreign Minister Sergei Ryabkov was quoted as saying by Interfax.

In later comments on the proposal carried by RIA news agency, Ryabkov said it would not be right to discuss exchanging Whelan given that he had yet to face trial in Russia. He said he had other U.S. nationals in mind as possible swaps.

Read more ....

Update: Kremlin Big Floats U.S.-Russian Prisoner Swap as Paul Whelan Languishes in Moscow Jail (Daily Beast)

WNU Editor: I do not see this happening anytime soon.

Tweets For Today

Posted: 01 Jul 2019 10:30 PM PDT











Russian Fighter And Helicopter Aerobatic Squads At The Army-2019 Expo (Video)

Posted: 01 Jul 2019 10:00 PM PDT

Russkiye Vityazi (Russian Knights) aerobatics team, flying Su-30SM fighters. © Sputnik / Alexander Vilf; The Berkuts (Golden Eagles) on Mi-28N helicopters. © Sputnik / Kirill Kallinikov

RT: Russian fighter jet & helicopter aerobatic squads amaze crowds at Army-2019 expo (VIDEOS)

Renowned aerobatic teams the Swifts, the Russian Knights and the Golden Eagles flew in tight formations and performed breathtaking aerial stunts on the final day of the Army-2019 expo outside Moscow.

The Swifts (Strizhi) were first to take to the skies above the Patriot Park in Kubinka in their MiG-29s. The six jets, which have blue swifts drawn on their underside, were flying just meters away from each other and then dispersing to leave fanciful patterns in the air.

Read more ....

WNU Editor: These air shows are never too old for me.

Picture Of The Day

Posted: 01 Jul 2019 09:30 PM PDT

Riot police try to disperse protesters on the anniversary of Hong Kong's handover to China. REUTERS/Tyrone Siu

WNU Editor: The above picture came from this photo-gallery .... Hong Kong protesters storm legislature on handover anniversary (Reuters).

Top Iranian Official: Israel Will Be Destroyed In Half An Hour If Iran Is Attacked By America

Posted: 01 Jul 2019 09:00 PM PDT

TEHRAN, Jul. 01 (MNA) – Chairman of Iranian Parliament's National Security and Foreign Policy Commission Mojtaba Zonnour has refuted the US president's recent claim that he prevented military strike on Iran with just 10 minutes to go

MEHR: Israel will be annihilated in half an hour if US attacks Iran

Mojtaba Zonnour, Chairman of Iranian Parliament's National Security and Foreign Policy Commission, made the remarks in an interview with Tehran-based Al-Alam Arabic language news TV network on Monday.

Zonnor said that Donald Trump's claim that he stopped a retaliatory military strike on Iran only 10 minutes to go was a 'political bluff'.

He said that "if they (the Americans) had predicted their attack would be successful, they would not have cancelled it and it would definitely have happened." He added that the US president's advisors could see the failure of the attack.

Read more ....

More News On Iran's Top Official Claiming Israel Will Be Destroyed In Half An Hour If Iran Is Attacked By America

Israel will be destroyed in half an hour if Iran is attacked by America, warns top Iranian politician -- Daily Mail
Iran official: If US attacks, Israel will be destroyed in half an hour -- Times of Israel
Senior Iranian MP: Israel Will Be Destroyed in Half an Hour if US Attacks Iran -- Algemeiner/Reuters
Iran: Israel will be destroyed in 30 minutes if we are attacked -- Israel Hayom

Mossad Chief: Israel Has Solid Intel That Iran Carried Out Attacks on Gulf Tankers

Posted: 01 Jul 2019 08:00 PM PDT

Mossad director Yossi Cohen attends a cybersecurity conference at Tel Aviv University, June 25, 2019. CORINNA KERN/ REUTERS

Haaretz: Israel Has Solid Intel That Iran Carried Out Attacks on Gulf Tankers, Mossad Chief Says

Yossi Cohen also says there is a rare opportunity for Israel to reach a regional peace with its Mideast neighbors.

Iran is responsible for the recent attacks in the Gulf, Israel's Mossad chief asserted Monday, citing the "best sources of Israeli and Western intelligence agencies."

Speaking at a Herzliya conference, Yossi Cohen said that these attacks – which included targeting oil tankers, Saudi airports and sites in Baghdad – were approved by Iran's leadership and most were carried out by the Revolutionary Guard and its proxies.

"Through these attacks," said Cohen, "Iran is trying to tell the world it is not afraid of an escalation, and that if sanctions are not removed or eased it will cause serious harm to the global oil market."

Read more ....

More News On The Mossad Chief's Claim That Israel Has Solid Intel That Iran Carried Out Attacks on Gulf Tankers

Israeli spymaster says Iran responsible for recent attacks -- ABC News/AP
Mossad chief: Iran definitely behind attacks on Gulf oil sites, embassy in Iraq -- Times of Israel
Mossad chief says Iran carried out Gulf attacks, Tehran offers bullish response -- Arab News

Should Australia Double It's Defense Budget?

Posted: 01 Jul 2019 07:09 PM PDT

Photo: One expert says Australia needs more than double the 72-strong Joint Strike Fighter aircraft fleet. (Australian Air Force)

ABC News Online: Australia warned to double fighter aircraft and submarine orders to counter China's dominance

One of Australia's leading defence analysts has warned the nation must dramatically increase military spending — including doubling orders for submarines and fighter aircraft — because the United States is no longer a reliable ally.

Former Defence Department official and intelligence analyst Professor Hugh White said he believes China's inevitable rise as this region's dominant power means Australia must urgently rethink its military posture.

"I think [a] really fundamental shift in Australia's strategic situation is taking place," Professor White told the ABC.

"For the first time really since European settlement of this continent we can no longer assume that we'll have a great and powerful friend [Britain first, then America] as the dominant power in Asia, as the strongest military power in Asia."

Read more ....

WNU Editor: Everyone in Asia is increasing their defense budgets. Australia is becoming no different than everyone else.

Chinese Military Is Conducting Anti-Ship Ballistic Missile Tests

Posted: 01 Jul 2019 06:00 PM PDT


CNBC: Chinese military conducts anti-ship ballistic missile tests in the hotly contested South China Sea

* China is in the midst of conducting a series of anti-ship ballistic missile tests in the hotly contested waters of the South China Sea, according to two U.S. officials with knowledge of the matter.
* The development comes as the U.S. and China have paused tensions in their ongoing trade battle.
* The South China Sea, which is home to more than 200 specks of land, serves as a gateway to global sea routes where approximately $3.4 trillion of trade passes annually.

WASHINGTON — China is in the midst of conducting a series of anti-ship ballistic missile tests in the hotly contested waters of the South China Sea, according to two U.S. officials with knowledge of the matter.

The Chinese carried out the first test over the weekend, firing off at least one missile into the sea, one official said. The window for testing remains open until Wednesday, and the official expects the Chinese military to test again before it closes.

While the U.S. military has ships in the South China Sea, they were not close to the weekend test and are not in danger, the official said. However, the official added that the test is "concerning." The official, who was not authorized to speak about the testing, could not say whether the anti-ship missiles being tested represent a new capability for the Chinese military.

The Pentagon did not immediately respond to CNBC and NBC's requests for comment.

Read more ....

WNU Editor:  I suspect that everyone is watching these anti-ship missile tests very closely.

Mexican President Obrador Wants To Disband The Nation's Army

Posted: 01 Jul 2019 05:00 PM PDT

Mexico's President Andres Manuel Lopez Obrador attends a news conference at the National Palace in Mexico City, Mexico June 10, 2019. REUTERS/Gustavo Graf/File Photo

Reuters: Mexican president says he would like to disband the nation's army

MEXICO CITY, July 1 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Monday he would like to disband the army and put national security in the hands of the new National Guard militarized police force, though he recognized the proposal was unlikely to happen.

In an interview with Mexican newspaper La Jornada, the leftist president said he favored guaranteeing the nation's security through the National Guard, which he formally inaugurated on Sunday.

"If were up to me, I would get rid of the army and turn it into the National Guard, declare that Mexico is a pacifist country that does not need a military and that the defense of the nation, if necessary, would be done by all," he said.

Read more
....

Update: Mexican president supports declaring Mexico a 'pacifist country' by abolishing the army (Washington Examiner)

WNU Editor: The Mexican President wants to expand the National Guard .... Mexico deploys new National Guard to stem violent crime (ABC News/AP).

Update #2: Mexican President Obrador's poll numbers are down, but still very good with an approval number of 66% .... One year from election, Mexicans give government poor marks on key issues: poll (Reuters).

Hong Kong Protesters Storm And Smash The Legislature (Update)

Posted: 01 Jul 2019 04:00 PM PDT



Daily Mail: Riot police clash with protesters in Hong Kong after activists break into parliament building and unfurl colonial flag to protest government 'tyranny'

* Protesters blocked roads in the financial hub this morning and stormed its parliament, prompting clashes
* Other protesters were pepper-sprayed and beaten near the site of the government's flag-raising ceremony
* Organisers say 550,000 people marched through the city in a separate peaceful protest against the bill
* It is the latest unrest over an anti-extradition bill caused by fears liberties gained under UK rule will be lost
* Hundreds of officers wearing gas masks and shields, charged demonstrators with their batons drawn

Hong Kong riot police launched an operation in the early hours of Tuesday morning to seize back the city's parliament after it was stormed by protesters, firing tear gas and baton-charging lines of demonstrators in actions supported by the Chief Executive of Hong Kong.

Chief Executive of Hong Kong Carrie Lam came out in defence of the police and quashed the demands of protesters calling for the release and amnesty of fellow radicals by saying that 'the rule of law is something of paramount importance in Hong Kong'.

She added at the press conference, that started at around 4 am local time, that the protesters seizure of the Legislative Council building was 'extremely violent', all while refusing to say that the Hong Kong Extradition Bill will be withdrawn.

She made a distinction between the 'peaceful and orderly' marches on Monday and drew a contrast with those that took place today.

Read more ....

Hong Kong Protesters Storm And Smash The Legislature (Update)

The Latest: Protesters take over Hong Kong's legislature -- AP
Live: Hong Kong police retake parliament building after protesters' incursion -- France 24
Hong Kong police fire teargas at protesters – live updates -- The Guardian
Hong Kong protests: All the latest updates -- Al Jazeera

The Latest: Hong Kong leader condemns protest in legislature -- AP
As it happened: A day of unprecedented violence in Hong Kong as protesters storm the Legislative Council and police fire tear gas -- SCMP
Hong Kong police fire tear gas in running battles after protesters trash legislature -- Reuters
Riot police clear away protests from Hong Kong legislature -- AP
Hong Kong police retake parliament building after protesters' incursion -- France 24
Hong Kong police clear protesters occupying legislature after day of unprecedented violence and chaos -- SCMP
Angry Hong Kong leader Carrie Lam emerges after day of unprecedented violence and slams protesters but says she is willing to listen -- SCMP
Hong Kong protesters cause havoc in parliament before police seize back control -- ABC News Online
Hong Kong protesters overrun parliament, spraying graffiti -- DW
Hong Kong protesters storm legislature, smash doors and walls -- Al Jazeera
Hong Kong police fire teargas and charge at protesters -- The Guardian

U.S. Defense Department To Ban Beer And Pizza?

Posted: 01 Jul 2019 03:00 PM PDT

U.S. soldiers serving in Afghanistan make an Independence Day toast over a special holiday treat of pizzas and non-alcoholic beers. (Sgt. Roland Hale/Army)

Military Times: Defense Department to ban beer and pizza? Mandatory keto diet may enhance military performance

The controversial ketogenic or "keto" diet may be the future of the military, some defense officials say.

Service members, and Navy SEALS especially, may have to forgo beer and burritos for skinny cocktails and avocado salad (forget the tortilla chips) if a proposal from Special Operations Command gains momentum.

While a nutritionally enhanced future could eventually be put into effect for all branches, the SEALS and other underwater dive-mission specialists might be the first groups targeted for the change in nutritional guidelines.

Lisa Sanders, the director of science and technology at U.S. Special Operations Command, presented an Ohio State University study that recommends the nutritional change based on the keto diet, which is high in fat and low in carbohydrates. The diet works to deprive the body of glucose needed for energy and forces it to burn stored fats instead. The study was conducted on the university's Army ROTC cadet population.

Read more ....

WNU Editor: I love beer and pizza.

This Bird Strike Almost Crashed This Indian Air Force Jaguar (Video)

Posted: 01 Jul 2019 02:05 PM PDT



National Interest: Video Shows Indian Air Force Jaguar in Serious Trouble After Suffering Bird Strike

Bird Strikes are no joke.

As explained by Scramble Facebook News Magazine, because of the seriousness of the situation and the weight of the aircraft the pilot did not hesitate.

On Jun. 27, 2019 a Bharatiya Vayu Sena (BVS, Indian Air Force, IAF) Jaguar encountered a flock of birds almost immediately after taking off from Ambala AFS (Haryana). The single seat, twin-engined aircraft operated by 5 Squadron 'Tuskers' or 14 Squadron 'Bulls', was loaded with two external fuel tanks and Carrier Bomb Light Stores (CBLS). The Jaguar took off for a training mission when it hit the birds. The bird strike resulted in the failure of one of its engines.

Read more ....

Update: After a Bird Collision, Pilot Saves Jet (With Explosions) (Popular Mechanics)

WNU Editor: This could have ended very badly.

Are U.S. Diplomats Ready For The Next Great-Power War?

Posted: 01 Jul 2019 01:51 PM PDT

Caleb D. Becker, War On The Rocks: Are U.S. Diplomats Ready for War?

U.S. foreign affairs agencies are ill-prepared for the next great-power war, and no one is talking about it. Unfortunately, recent reports seem to take crisis diplomacy or alliance maintenance for granted. Most commentary does not examine the U.S. government's institutional inability to match military strength with civilian. In part as a result of this failure, last year the National Defense Strategy Commission "came away with a troubling sense that civilian voices were relatively muted on issues at the center of U.S. defense and national security policy, undermining the concept of civilian control." While this finding focused on the Department of Defense, the same holds true across the departments and agencies involved in foreign affairs that do and will work alongside the U.S. military.

Read more ....

WNU Editor: From what I read and see, the answer is no to the question on U.S. diplomats being ready for the next great-power war. In the case of Russia, there has been some public remarks from the Kremlin on fears of another major war, but there has been no preparation from the foreign office for it. In the case of China President Xi has been very blunt, prepare for war .... 'Prepare for war', Xi Jinping tells military region that monitors South China Sea, Taiwan (SCMP).

Devastating Crop Losses Are Literally Happening All Over The Globe

Posted: 01 Jul 2019 01:39 PM PDT


The Economic Collapse: Look At This Map – It Shows Devastating Crop Losses Are Literally Happening All Over The Globe

Let me warn you right up front – the information in this article might freak you out. If what some experts are telling us is true, a global food crisis appears to be inevitable. Even during good years we have a really difficult time feeding everyone on the planet, and now a major climate shift appears to be happening. Our sun has become exceedingly quiet, and many experts believe that this is a sign that a solar minimum is now upon us. Of course we have seen solar minimums happen quite regularly in the past, and if this is just a normal solar minimum then conditions should begin to return to normal after a couple of years. Unfortunately, evidence continues to mount that we have entered what is known as a "grand solar minimum". In fact, Professor Valentina Zharkova says that what we are facing is a "super grand solar minimum", and if that is true we are going to be facing climate chaos like we have never seen before. During previous "grand solar minimums" the globe was gripped by devastating famines and vast numbers of people died. Could a similar scenario potentially be in our future?

Read more ....

WNU Editor: Those who believe in man-made global warming/climate change feel confident that it is man who is responsible for these extreme weather events. But one thing that I have consistently noticed in the science and data that they use to support their claim is their belief that the sun has a minimal impact on these climatic events. Are they right? Are they wrong? My gut tells me that if history is any indication, coupled with the sun's role in it, we may be missing a very important component in the discussion, and we may be making policy decisions that are outright wrong.

U.S. Navy Gets Ready For Hypersonic Weapons

Posted: 01 Jul 2019 01:26 PM PDT

Sailors remove an expended canister from the destroyer's vertical launch system on board the destroyer Benfold. The Navy may swap out launchers on its DDGs to accommodate hypersonic missiles. (MC3 Jason Amadi/U.S. Navy)

Defense News: US Navy eyes new launchers on destroyers for hypersonic weapons

WASHINGTON — With bigger, faster missiles in development and bound for the fleet, the U.S. Navy's engineers are considering installing upgraded launchers on the stalwart Arleigh Burke-class destroyers.

The head of Naval Sea Systems Command, Vice Adm. Thomas Moore, told an audience at a conference of naval engineers that the Arleigh Burkes — due to their vertical launch system and Aegis missile capabilities — were easier to keep relevant than other destroyers such as the Adams and Spruance classes. Still, with the service attempting to keep the ships longer, new launchers may be in order to pace the threat from Russia and China, which have been developing their own hypersonic weapons.

Read more ....

WNU Editor: It looks like hypersonic weapons are going to be deployed far sooner than what many have predicted.

The U.S. Navy Has A Serious Rust Problem

Posted: 01 Jul 2019 11:56 AM PDT

The head of Naval Sea Systems Command is calling on ships and maintainers to keep rust under control. (U.S. Navy)

Defense News: A top US Navy engineer says the fleet needs to get out and bust the rust

WASHINGTON — With the U.S. Navy attempting to keep its surface combatants such as the Arleigh Burke-class destroyers for 40-45 years each, sailors and maintainers must do everything they can to keep corrosion under control, one of the service's senior-most engineering duty officers told a gathering of naval engineers June 20.

Vice Adm. Thomas Moore, the head of Naval Sea Systems Command, said the fleet spends billions to keep corrosion under control and that all levels of maintenance must make that a priority.

"Corrosion is one of the big things if we want to keep the ships around for 40-45 years; we have to do what is necessary on the corrosion side of things," Moore said. "I don't have the exact numbers, but we are spending $10 billion on our ship depot maintenance. And I'm guessing that several billion of that is corrosion-related, so it's a significant portion of the budget.

Read more ....

WNU Editor: The Chinese are claiming to have a solution to rust on their ships and military equipment .... Can a new graphene coating save the Chinese military from rusting away in the South China Sea? (SCMP).

U.S. Navy Is Asking For Outside Help To Fix Its $13 Billion Aircraft Carriers

Posted: 01 Jul 2019 11:44 AM PDT

The US Navy aircraft carrier USS Gerald R. Ford. US Navy photo by Mass Communication Specialist 2nd Class Ridge Leoni

Business Insider: The US Navy is asking for outside help because it still hasn't figured out how to fix its $13 billion supercarriers

* The US Navy is struggling to get the advanced weapons elevators on its new Ford-class aircraft carriers to work, so it is calling in outside experts to help amid delivery delays and rising costs, Breaking Defense reported on Monday.
* The electromagnetic weapons elevators on the Ford-class carriers, which can move twice as many munitions as the elevators on the Nimitz-class carriers at a faster rate, are essential to boosting the aircraft sortie rate to increase the overall lethality of the new flattops.
* The secretary of the Navy bet his job on the elevators being ready to go by the end of a maintenance period that was expected to end in July but has since been delayed to October. Even then, the Navy has doubts about its ability to get the elevators operational on time.

The Navy is struggling to fix its new Ford-class supercarriers, so the service has called in outside experts to help find a solution amid delivery delays and rising costs.

The advanced weapons elevators, critical systems that the secretary of the Navy bet his job on, are one of the biggest problems. Only two of the 11 electromagnetic lifts on the USS Gerald R. Ford are operational.

Read more ....

Update: Navy Calls In Outsiders To Fix Troubled Ford Carrier (Breaking Defense)

WNU Editor: I have this sinking feeling that the fixes are going to dramatically increase the price for these new Ford-class super carriers.

Protests Against Military Rule In Sudan Return. 10 Killed By Security Forces

Posted: 01 Jul 2019 11:26 AM PDT



ABC News Online: Seven killed in Sudan as tens of thousands stage protests against military rule

Huge crowds have marched on Sudan's defence ministry demanding the ruling military hand over power to civilians, in protests that saw at least seven people killed and scores injured nationwide.

In the biggest demonstrations since a deadly raid by security forces on a protest camp in central Khartoum three weeks ago, tens of thousands of residents took to the streets in several parts of the Sudanese capital.

In two areas near the presidential palace and in the upscale eastern neighbourhood of Riyadh, they were met by security forces firing barrages of tear gas, witnesses said.

Read more ....

More News On The Growing Unrest In Sudan

Sudan protests: Death toll reaches 10 after anti-military rallies -- Al Jazeera
Sudanese protesters killed during 'million man march' -- France 24
Sudan protests: Violence breaks out and 'tear gas fired' as tens of thousands march against army rule -- The Independent
7 dead, hundreds wounded in mass protests against military rule in Sudan -- UPI
Sudan protesters, generals trade blame for bloodshed at rally -- AFP

Hong Kong Protesters Storm And Smash The Legislature -- News Updates July 1, 2019

Posted: 01 Jul 2019 03:27 PM PDT



Reuters: Hong Kong protesters smash up legislature in direct challenge to China

HONG KONG (Reuters) - Hundreds of Hong Kong protesters stormed the legislature on the anniversary of the city's 1997 return to China on Monday, destroying pictures and daubing walls with graffiti in a direct challenge to China as anger over an extradition bill spiraled out of control.

Some carried road signs, others corrugated iron sheets and pieces of scaffolding upstairs and downstairs as about a thousand gathered around the Legislative Council building in the heart of the former British colony's financial district.

Some sat at legislators' desks, checking their phones.

Read more ....



Hong Kong Protesters Storm And Smash The Legislature -- News Updates July 1, 2019

The Latest: Protesters take over Hong Kong's legislature -- AP
Live: Hong Kong police retake parliament building after protesters' incursion -- France 24
Hong Kong police fire teargas at protesters – live updates -- The Guardian
Hong Kong protests: All the latest updates -- Al Jazeera

Protests escalate as Hong Kong marks handover to China -- AP
Hong Kong police retake parliament from anti-government protesters -- AFP
Hong Kong police fire tear gas in running battles after protesters trash legislature -- Reuters
Hong Kong protesters break into parliament as tensions rise on China handover anniversary -- ABC News Online
Hong Kong protesters overrun parliament, spraying graffiti -- DW
Hong Kong police fire teargas and charge at protesters -- The Guardian
Hong Kong protesters storm legislature, smash doors and walls -- Al Jazeera
Hong Kong protesters occupy parliament building, spray graffiti (PHOTOS, LIVE VIDEO) -- RT

World News Updates, World News, Current Affairs, Daily Current Affairs, World News Updates

Posted: 02 Jul 2019 03:16 AM PDT

World News Updates, World News, Current Affairs, Daily Current Affairs, World News Updates


Gary Lineker blasts Brexit Party ‘embarrassingly childish’ as they turn backs at EU anthem

Posted: 02 Jul 2019 01:54 AM PDT



GARY LINEKER has slammed the Brexit Party and called them "embarrassingly childish" for turning their backs for the European Anthem at the opening session of the European Parliament.

Egypt code broken: How ‘biggest breakthrough ever’ stunned archaeologists – ‘Amazing!’

Posted: 02 Jul 2019 12:45 AM PDT



EGYPT archaeologists made the "biggest breakthrough ever" in the quest to understand the ancient civilisation that lived more than 4,500 years ago, a documentary revealed.

Macron red-faced as his office admits viral Ivanka Trump G20 clip had unintended upshots

Posted: 01 Jul 2019 05:45 PM PDT



EMMANUEL MACRON's office has admitted they "didn't anticipate the reaction" to the video they released that humiliated First Daughter, Ivanka Trump.

South China Sea tensions: ‘Step up patrols - or face dictatorship’, Australia warned

Posted: 01 Jul 2019 04:02 PM PDT



AUSTRALIA has been urged to up its game in the South China Sea by stepping up patrols and adopting a more proactive approach as opposed to "the same old flag-waving", a Canberra-based foreign policy think tank has said.

South China Sea: US pile pressure on Cambodia after suspected China MILITARY presence

Posted: 02 Jul 2019 01:19 AM PDT



THE US has demanded that Cambodia explain why the country has turned down Washington's offer to repair a naval base – sparking fears that China's vast military could be present in the region.

'We are British!' Hong Kong residents 'don't accept China' and plead for UK help

Posted: 02 Jul 2019 03:01 AM PDT



HONG KONG residents with British passports have protested in Westminster as hundreds and thousands of protesters demonstrate following weeks of rising political animosity in the region.

Actual TEMPER TANTRUMS in EU’s inner circle as Europe’s so-called statesmen rage

Posted: 02 Jul 2019 12:58 AM PDT



FRENCH President Emmanuel Macron has revealed a vital meeting to appoint the EU's most senior roles was marred by TEMPER TANTRUMS as the group failed to reach a decision on who was going to run Europe.

Majorca fire: Tourists rushed to hospital and 600 evacuated as hotel fire breaks out

Posted: 02 Jul 2019 12:18 AM PDT



SIX tourists have been taken to hospital and more than 20 treated at the scene after a hotel fire in Majorca. Around 600 people were evacuated from the three-star Hotel whala!beach in Playa de Palma after the blaze broke out in a room just after 5am this morning.

Don't play with fire' Trump warns Iran as they defy nuclear deal to exceed uranium limit

Posted: 01 Jul 2019 09:38 PM PDT



DONALD TRUMP has warned Iran is "playing with fire" as it exceeds its uranium enrichment permitted under its 2015 nuclear deal with world powers.

South China Sea tensions: Beijing flexes military muscle with anti-ship ballistic missiles

Posted: 01 Jul 2019 07:51 PM PDT



CHINA's military have been conducting anti-ship ballistic missile tests in the South China Sea, according to US officials.

World News, World News Updates, World News Headlines, Latest World News, Current Affairs

Posted: 02 Jul 2019 02:36 AM PDT

World News, World News Updates, World News Headlines, Latest World News, Current Affairs


South Korea’s President Calls the Trump-Kim Border Summit the ‘Start of an Era of Peace’

Posted: 02 Jul 2019 12:32 AM PDT

(SEOUL, South Korea) — South Korea’s president on Tuesday called a recent U.S.-North Korean summit at the Korean border an end of mutual hostility between the countries, despite skepticism by many experts that it’s was a just made-for-TV moment that lacked any substance.

During their impromptu third summit at the Korean Demilitarized Zone on Sunday, Trump and Kim reaffirmed their friendships and agreed to resume nuclear talks. Trump’s brief stepping across the borderline into North Korea also made him the first sitting U.S. president to set foot in the North’s soil. But neither side has still indicated they are any closer to resolving sticking points that collapsed their previous summit.

On Tuesday, South Korean President Moon Jae-in told a Cabinet meeting that the summit in the DMZ meant the two countries declared “an end of hostile relations” and the “start of an era of peace.”

Moon, who briefly chatted with Trump and Kim on a DMZ village before the U.S. and North Korean leaders sat for a two-way meeting, described their summit as “historic.” He also called the summit “the fruits of amazing imagination,” saying it was arranged due to Trump’s “unprecedented” Twitter offer for a meeting and Kim’s “bold” decision to accept it.

Moon, a liberal who took office in 2017, has lobbied hard to set up diplomacy between Trump and Kim to help find a peaceful settlement of the North Korean nuclear crisis. He met Kim three times last year, and their first and second summits happened at the same DMZ village called Panmunjom.

At the start of Sunday’s meeting, Trump went across ankle-high concrete slabs that form the military demarcation line at Panmunjom after Kim told him he would become the first U.S. president to be in North Korea if he did so. After walking together toward north several meters (several feet), they turned back to the South for a summit that lasted about 50 minutes.

Trump said he was “proud” to step over the borderline and thanked Kim for showing up for the meeting. Kim said he was initially “very surprised” at Trump’s tweet Saturday proposing a DMZ meeting and that their summit could not have occurred if the two leaders didn’t have “great friendship.”

North Korea’s state media described Kim’s meeting with Trump as “an amazing event” and that both leaders expressed great satisfaction over the result of their talks. Moon’s government has also said it hopes the diplomatic momentum created by the latest Trump-Kim meeting would help revive inter-Korean dialogue.

U.S. and North Korean officials are expected to sit down for working-level talks in coming weeks to hammer out the terms of a mutually acceptable deal, but many experts say it remains unclear whether the negotiations would successfully address the fundamental differences between Washington and Pyongyang that were exposed in the second Kim-Trump summit in Vietnam in February.

The Hanoi summit ended without any agreement after Trump turned down Kim’s request for major sanctions relief in return for dismantling his main nuclear materials-making complex while leaving his already-manufactured nuclear bombs and long-range missiles intact.

The United States and North Korea have no diplomatic ties and are still technically at war because an armistice that ended their 1950-53 Korean War has yet to be replaced with a peace treaty. About 28,500 U.S. troops are stationed in South Korea as deterrence against potential aggression from North Korea.

Hong Kong’s Embattled Leader Appeals for Calm in the Wake of Violent Anti-Government Protests

Posted: 01 Jul 2019 11:08 PM PDT

Hong Kong was struggling to come to terms this morning with the violent ransacking of the legislature on July 1—the 22nd anniversary of the former British colony’s retrocession to China.

On Monday night, hundreds of anti-China rioters battered their way through glass doors and steel shutters and ran rampant through the Legislative Council, locally referred to as LegCo. They smashed fixtures, spray-painted the walls with slogans and destroyed portraits of unpopular leaders, before breaching the debating chamber and draping the colonial flag across the president’s desk.

Government-run media reported Tuesday that the legislature’s president had canceled all sessions for the next two weeks, effectively beginning the body’s summer recess. Authorities meanwhile pledged to bring rioters to justice, with police cordoning off the wrecked building and declaring it a crime scene.

Looking tired and subdued, Hong Kong’s embattled top official, Chief Executive Carrie Lam, called a press conference at 4:00 a.m. local time, three hours after police reoccupied the legislature, and deplored “the extreme use of violence and vandalism by protesters.”

She added that “nothing is more important than the rule of law in Hong Kong” and hoped “society will return to normal as soon as possible.”

Police Commissioner Stephen Lo appeared with Lam and, speaking in Cantonese, said: “The violent acts by the protesters have crossed a bottom line. Hong Kong is a peaceful society. I believe a lot of Hongkongers are saddened by the protesters’ violent actions.”

Lam meanwhile defended her handling of the escalating political crisis that has its origins in the government’s attempt to make it possible for fugitives to be extradited to the mainland. This does not happen at present, because even though Hong Kong is considered part of China, it is a semi-autonomous territory with a separate legal system and no extradition agreement with Beijing.

Read more: A Brief History of Protest in Post-Handover Hong Kong

The government says such an agreement is necessary to stop the former British colony from becoming a sanctuary for mainland criminals. It has also excluded political offenses from any potential pact. But many in this semi-autonomous enclave believe an extradition arrangement will simply be used to round up dissidents and activists on spurious criminal charges, such is the mistrust of the mainland.

The massive marches and other demonstrations that rocked Hong Kong during the past three weeks prompted Lam to suspend a legislative amendment that would have paved the way for extradition to go ahead.

“If the cause of the social tensions that we have seen is a bill to amend the Fugitive Offenders Ordinance, on June 15 I have announced the suspension of the bill,” she emphasized this morning.

“Subsequently we have explained and elaborated that by suspending the bill at this point in time with no timetable and no plan to resume the debate of the bill in the Legislative Council, the bill will expire, or the bill will die, in July 2020 when the current LegCo term expires. That is a very positive response to the demands that we have heard.”

Many ordinary Hongkongers are unhappy with the passive proposal to let the bill lapse, however, and demand its formal withdrawal along with Lam’s resignation. Their aspirations have also broadened into a desire for genuine democracy. Lam, like all of Hong Kong’s leaders since Britain’s withdrawal, was selected by a small electoral college largely drawn from the ranks of the pro-China elite and is seen as Beijing’s proxy.

Some protesters are calling for freedom from China itself. The slogan “Hong Kong Is Not China” is frequently seen at protests and was spray-painted across a pillar during last night’s storming of the legislature.

Reasserting her ability to govern in the wake of the protests, and containing a small but tenacious and growing movement for self-determination, will pose enormous challenges to Lam in the months ahead. She insists that the issues will be resolved not by protests but by rule of law.

“The rule of law is exactly what I have been talking tonight,” she said. “I hope we all agree that this is something of paramount importance to Hong Kong and will continue to guide the Government’s reactions and responses to social issues and to the demands and aspirations of our people.”

With reporting by Aria Hangyu Chen / Hong Kong

The U.N. Envoy for Myanmar Will ‘Ring the Alarm Bell’ If No Action is Taken on the Rohingya Crisis

Posted: 01 Jul 2019 07:52 PM PDT

(UNITED NATIONS) — The U.N. envoy for Myanmar said Monday that progress on alleviating the crisis that led more than 720,000 Rohingya Muslims to flee to neighboring Bangladesh has been slow and if there is no action it will be time to “ring the alarm bell.”

Christine Schraner-Burgener was responding to frustrated speeches and questions from many countries — from Bangladesh to Saudi Arabia to the United States — on the lack of progress in returning Rohingya nearly two years after they fled a violent crackdown by Myanmar’s military.

She told the General Assembly there are “not a lot of changes on the ground,” pointing to “many challenges” including Myanmar’s civilian leaders having “to navigate an extremely difficult environment in which the military continues to have considerable political influence.”

In addition, Schraner-Burgener said, “immense complexities” inside the country have been “an impediment” in addition to the Rohingya crisis. She cited Myanmar’s 70 years of isolation, 21 armed groups still operating in the country, a lack of development, drug production and human trafficking.

She said her highest priority remains “ending the vicious cycle of discrimination and violence, especially in Rakhine,” the western state that was home to the Rohingya who fled — and where she said 128,000 displaced Rohingya languish in camps, many for nearly seven years.

As a first step, Schraner-Burgener called for more to be done to end fighting in Rakhine between Myanmar’s military and the Arakan Army, a well-trained guerrilla force from the Buddhist ethnic group seeking autonomy for Rakhine. She said the fighting has displaced 30,000 Buddhists and Muslims.

Buddhist-majority Myanmar has long considered the Rohingya to be “Bengalis” from Bangladesh even though their families have lived in the country for generations. Nearly all have been denied citizenship since 1982, effectively rendering them stateless, and they are also denied freedom of movement and other basic rights.

The long-simmering Rohingya crisis exploded in August 2017 when Myanmar’s military launched what it called a clearance campaign in Rakhine in response to an attack by a Rohingya insurgent group. The campaign led to the mass Rohingya exodus to Bangladesh and to accusations that security forces committed mass rapes and killings and burned thousands of homes.

Amnesty International accused Myanmar’s military in late May of a new round of widespread human rights violations in its battles against the Arakan Army since January 2019. The rights group said the military carried out indiscriminate killings of civilians as well as arbitrary arrests and torture, but it also said the Arakan rebels committed abuses against civilians including kidnappings though on a lesser scale.

Schraner-Burgener said the fighting involving the Arakan Army “is having a devastating impact on all local communities caught in the crossfire, independent of their religious or ethnic background.” And “it is also further impacting efforts toward the dignified, voluntary and safe return of refugees,” she said.

U.S. deputy political coordinator Elaine French expressed deep concern that little progress has been made in improving conditions in Rakhine, “while the military’s conflict with the Arakan Army continue to escalate and civilian casualties rise by the day.”

The United States agrees with the U.N. that conditions aren’t conducive for Rohingya refugees to return, she said, and the government’s suspension of internet service in Rakhine “casts further doubt on its commitment to creating conditions that allow people to feel they can live in safety and security.”

Schraner-Burgener said that while there have not been “a lot of changes on the ground … we have to continue because we want to see people who go back have freedom of movement” and access to health and education.

She told diplomats critical of the lack of progress: “I assure you also that I need to see action on the ground. If I don’t see action, I will raise this and will also ring the alarm bell.”

In a positive step, Schraner-Burgener said Myanmar has produced a draft national strategy to close camps for displaced Rohingya with support from international experts, the U.N. and others. But she stressed that this must be part of a larger effort that deals with their freedom to move, get jobs and receive basic services.

Myanmar’s U.N. ambassador, Hau Do Suan, said the government has approved the return of about 13,000 Rohingya from Bangladesh, from two lists totaling over 30,000 Rohingya, and plans to send a high-level delegation to Cox’s Bazar to explain arrangements for repatriation.

Despite challenges involving development, human rights and security including Arakan Army attacks, he said, Myanmar is determined to continue efforts “to build peace, stability, harmony and development in Rakhine state.”

Amount of Floating Antarctic Ice Plunges to Record Lows

Posted: 01 Jul 2019 01:59 PM PDT

(WASHINGTON) — The amount of ice circling Antarctica is suddenly plunging from a record high to record lows, baffling scientists.

Floating ice off the southern continent steadily increased from 1979 and hit a record high in 2014. But three years later, the annual average extent of Antarctic sea ice hit its lowest mark, wiping out three-and-a-half decades of gains — and then some, a NASA study of satellite data shows.

In recent years, “things have been crazy,” said Mark Serreze, director of the National Snow and Ice Data Center. In an email, he called the plummeting ice levels “a white-knuckle ride.”

Serreze and other outside experts said they don’t know if this is a natural blip that will go away or more long-term global warming that is finally catching up with the South Pole. Antarctica hasn’t showed as much consistent warming as its northern Arctic cousin.

“But the fact that a change this big can happen in such a short time should be viewed as an indication that the Earth has the potential for significant and rapid change,” University of Colorado ice scientist Waleed Abdalati said in an email.

At the polar regions, ice levels grow during the winter and shrink in the summer. Around Antarctica, sea ice averaged 4.9 million square miles (12.8 million square kilometers) in 2014. By 2017, it was a record low of 4.1 million square miles (10.7 million square kilometers, according to the study in Monday’s Proceedings of the National Academy of Sciences.

The difference covers an area bigger than the size of Mexico. Losing that much in just three years “is pretty incredible” and faster than anything scientists have seen before, said study author Claire Parkinson, a NASA climate scientist. Antarctic sea ice increased slightly in 2018, but still was the second lowest since 1979. Even though ice is growing this time of year in Antarctica, levels in May and June this year were the lowest on record, eclipsing 2017, according to the ice data center.

Ice melting on the ocean surface doesn’t change sea level. Non-scientists who reject mainstream climate science often had pointed at increasing Antarctic sea ice to deny or downplay the loss of Arctic sea ice.

While the Arctic has shown consistent and generally steady warming and ice melt — with some slight year to year variation — Antarctica has had more ups and downs while generally trending upward. That is probably in part due to geography, Parkinson and Serreze said.

The Arctic is a floating ice cap on an ocean penned in by continents. Antarctica is just the opposite, with land surrounded by open ocean. That allows the ice to grow much farther out, Parkinson said.

When Antarctic sea ice was steadily rising, scientists pointed to shifts in wind and pressure patterns, ocean circulation changes or natural but regular climate changes like El Nino and its southern cousins. Now, some of those explanations may not quite fit, making what happens next still a mystery, Parkinson said.

Drowned Migrants Óscar and Valeria Martínez Mourned in Private Funeral at El Salvador Cemetery

Posted: 01 Jul 2019 01:28 PM PDT

(SAN SALVADOR, El Salvador) — A man and his young daughter who drowned trying to cross into Texas were laid to their final rest Monday, a week after a heartbreaking image of their bodies floating in the Rio Grande circled the globe. About 200 relatives and friends followed a hearse bearing the bodies of Óscar Martínez and his 23-month-old daughter Valeria inside La Bermeja municipal cemetery in southern San Salvador. The ceremony was private, and journalists were not allowed access.

Many wore black and wept. They carried flowers and green palms, and some held signs bearing the logo of the Alianza soccer team favored by Óscar Martínez, who belonged to a group that supports the club. “For those who cheer you on from heaven,” one read.

“I knew them. They are good people, and I can’t believe they died this way,” said Berta Padilla, who arrived earlier along with about 30 others on a bus from Altavista, the working-class city the Martínezes called home before they left in early April, headed for the United States. “We came from Altavista to be with Óscar’s family,” Padilla added. “We are with them in their pain.”

Tania Vanessa Ávalos, their wife and mother, returned to El Salvador on Friday ahead of their remains.

A municipal police officer said their graves were in a section of the cemetery named after Saint Óscar Romero, the San Salvador archbishop who devoted himself to helping the poor and was assassinated in 1980. Romero, who was canonized last year, is buried in the crypt of the city’s cathedral.

After the burial, relatives stayed behind at the gravesite to say a last goodbye, said family friend Reyna Moran. “This is very painful, most of all because of the baby. … They went in search of a better future, but everything came to an end in the river,” Moran said.

A collection of floral arrangements adorned the grave, including one from El Salvador’s president and first lady. Interior Minister Mario Durán was among those who attended.

Funeral Held For Migrant Father And Daughter Who Drowned While Crossing River Into U.S
Alex Peña—Getty ImagesPolicemen guard the main entrance of the Municipal Funeral Home prior the funeral of Óscar Alberto Martínez Ramírez and his daughter Valeria at San Romero memorial park of la Bermeja Cemetery on June 30, 2019 in San Salvador, El Salvador. The pair drowned while trying to cross the Rio Grande from Matamoros, Mexico to enter U.S. on June Sunday 23.

The photographs of Martínez, 25, and Valeria, lying face-down along the riverbank, the tiny girl tucked inside his black shirt and her arm draped over his neck, prompted a global outpouring of emotion. They underscored the perils faced by migrants and asylum-seekers trying to reach the United States.

“We are dismayed, shocked, everyone is in pain,” said Altavista Mayor Victor Manuel Rivera. “This family has lost an angel of just under 2 years, and seeing that heartbreaking image, the photo, is shocking.”

President Nayib Bukele said late Sunday that the drownings were “a great tragedy” and that there’s blame to be shared among governments. U.S. policies designed to deter Central Americans and others from coming have stalled thousands on the Mexico side of the border as they wait to request asylum in the United States. Meanwhile, Mexico is stepping up immigration enforcement under intense pressure from the Trump administration.

And Bukele, who took office a month ago, said his own country shares responsibility. “We can speak blame to any other country, but what about our blame?” Bukele said in lengthy remarks, much of them delivered in English. “I mean, what country did they flee? Did they (flee) the United States? They fled El Salvador. They fled our country. It is our fault.”

“We haven’t been able to provide anything, not a decent job, not a decent school,” he continued. “What if there’s a little girl who had a decent school here, a decent health care system for her and her family, a decent house with water supply, a job for his parents, for his mother and his dad, a decent job, living in a zone where a gang member would not come to rape her and kill her family?”

Many of those trying to reach the U.S. border in recent months have said they were fleeing grinding poverty, a lack of opportunity and violence in the gang-dominated Northern Triangle region of El Salvador, Honduras and Guatemala, or a combination of these factors.

Mourners attend Oscar Martinez's funeral
MARVIN RECINOS—AFP/Getty ImagesMourners attend the funeral of Salvadoran migrant Oscar Martinez and his almost two-year-old daughter Angie Valeria, who both drowned while trying to cross the Rio Grande from Mexico to the United States, at La Bermeja cemetery in San Salvador on July 1, 2019.

Martínez’s mother said last week that the family had hoped to live and work in the United States for a few years, saving enough money to return and build a home of their own.

“These are situations that make visible the problem of migration, something that happens daily,” said Mario Vega, pastor of the Elim Protestant church, one of El Salvador’s largest. “Yesterday it became known that another Salvadoran died in a detention center in Texas, and this is something that happens every day.”

Vega criticized U.S. policies on migration and expressed hope that all countries would heed a U.N. call to respect migrants’ human rights.

“May God will that this tragedy sensitize people,” he said.

Princess Diana’s Famous Virgin Atlantic Workout Sweatshirt for Sale

Posted: 01 Jul 2019 12:59 PM PDT

(BOSTON) — The baggy Virgin Atlantic sweatshirt Princess Diana wore to discourage media interest in her exercise routine is for sale. Boston-based RR Auction says the dark blue cotton-polyester sweatshirt that was a gift from airline founder Richard Branson is expected to get more than $5,000 during the online auction.

The garment features the airline’s ‘flying lady’ logo with the words “Fly Atlantic” in white.

It is being sold by Jenni Rivett, Diana’s longtime personal trainer. Diana gave Rivett several sweatshirts months before her August 1997 death.

Sarina Carlos—APThis undated photo released Monday, July 1, 2019, by RR Auction shows Princess Diana’s sweatshirt, to be auctioned through July 10, by the Boston-based auction firm.

In a letter that comes with the shirt, Rivett writes that Diana thought there were more pressing issues in the world to worry about, so wearing the same thing to every session would be “a good way to stop the media frenzy.”

Body Found in London Garden Fell from Heathrow-Bound Plane

Posted: 01 Jul 2019 10:56 AM PDT

(LONDON) — A stowaway fell from the undercarriage of a jet as it approached Heathrow Airport after a 9-hour flight from Nairobi, landing in a south London garden, police and airline officials said Monday.

The Metropolitan Police force said the body of an unidentified man was found in a residential garden in Clapham, South London on Sunday, and it’s believed he fell from a plane. He has not yet been identified. Police said a post-mortem would be held to determine the cause of death.Kenya Airways said police traced the body to its Nairobi-London flight. A bag, water and food were discovered in the plane’s landing-gear compartment after it landed. The airline called the death “unfortunate” and said it was cooperating with British and Kenyan authorities.Stowing away in a plane’s undercarriage is exceptionally dangerous. Experts believe roughly three-quarters of stowaways do not survive because of the extreme cold and lack of oxygen as the plane reaches cruising altitude.

Though not common, stowaways have in the past plunged to the streets of London as planes lowered their landing gear. In September 2012, a 30-year old from Mozambique, Jose Matada, died after falling from the undercarriage of a Heathrow-bound flight from Angola.

U.S. Embassy Concerned About ‘Deteriorated’ Condition of American Citizen Jailed in Russia

Posted: 01 Jul 2019 09:59 AM PDT

(MOSCOW) — The U.S. Embassy in Moscow says the condition of an American man held on spying charges in Russia has worsened.

The Embassy said on Twitter Monday that Russian authorities had rejected a request to send a doctor to examine Paul Whelan. It said Whelan has received basic medical assistance, but that his condition has deteriorated.

Whelan, who also holds British, Irish and Canadian citizenship, was arrested in a hotel room in Moscow in December and charged with espionage, which carries up to 20 years in prison. The former U.S. Marine, who denies the charges, has publicly complained of poor prison conditions and has said his life is in danger.

Russia’s Deputy Foreign Minister Sergei Ryabkov on Monday denied plans to exchange Whelan for Russians in U.S. custody.

Guadalajara Covered in Feet of Ice After ‘Never-Before-Seen’ Hailstorm

Posted: 01 Jul 2019 08:12 AM PDT

Residents of the Mexican city of Guadalajara woke up to a massive hailstorm Sunday that covered several neighborhoods in a layer of ice up to five feet thick in some areas.

The hailstorm hit Guadalajara at around 2 a.m. Sunday, the AFP reports, when the temperature suddenly dropped after what the BBC says were several days of high summer heat.

MEXICO-WEATHER-HAIL
Ulises Ruiz—AFP/Getty ImagesAerial view of vehicles buried in hail in the streets in the eastern area of Guadalajara, Jalisco state, Mexico, on June 30, 2019.

Nobody is reported to have been hurt in the hailstorm, but two people showed “early signs of hypothermia,” according to the state Civil Protection office. Dozens of vehicles were swept away or buried under the ice, and nearly 200 homes and businesses reported hail damage.

TOPSHOT-MEXICO-WEATHER-HAIL
Ulises Ruiz—AFP/Getty ImagesA man with a bike walks on hail in the eastern area of Guadalajara, Jalisco state, Mexico, on June 30, 2019.
Residents play on top of ice after a heavy storm of rain and hail which affected some areas of the city in ​​Guadalajara
Fernando Carranza—ReutersResidents play on top of ice after a heavy storm of rain and hail which affected some areas of the city in ​​Guadalajara, Mexico on June 30, 2019.

Local authorities have been working with the Mexican army to clear the roads and help citizens whose homes were damaged in the hailstorm.

Guadalajara, one of Mexico’s most populous cities with about 5 million residents, has been hit by hailstorms before, but the severity of Sunday’s event reportedly exceeds all those on record. “Then we ask ourselves if climate change is real. These are never-before-seen natural phenomena” said the state governor, Enrique Alfaro, according to the AFP. “It’s incredible.”

Iran Has Passed Enriched Uranium Stockpile Limit, State Media Says

Posted: 01 Jul 2019 04:19 AM PDT

TEHRAN, Iran — Iran’s semi-official Fars news agency says the country’s enriched uranium stockpile has passed the 300-kilogram limit prescribed by the 2015 nuclear deal with world powers.

The agency attributed its Monday report to an unnamed source, who said U.N. inspectors had recently weighed Iran’s stockpile of low-enriched uranium.

Iran has vowed to begin enriching its stockpile of uranium to higher levels later this month if world powers fail to negotiate new terms for the nuclear accord following the U.S. decision to withdraw from the agreement and restore crippling sanctions. European countries have repeatedly urged Iran to abide by the deal.

The unraveling of the landmark nuclear agreement comes amid heightened tensions in the Persian Gulf, where Iranian forces shot down a U.S. drone last month.

Latest Govt Jobs, Sarkari Naukri, Results

Posted: 01 Jul 2019 10:31 PM PDT

Latest Govt Jobs, Sarkari Naukri, Results


Nainital Bank Admit Card 2019 | Download Clerk Admit Card @ www.nainitalbank.co.in

Posted: 01 Jul 2019 09:34 PM PDT

Nainital Bank Admit Card 2019 – Admit Card for the post of Clerk will be released by the Bank in soon. Hence, the exam date has been scheduled on 27th July and 28th July 2019. However, the deliverance of the admit card will be in the 2nd Week of July 2019. Moreover, Applied candidates of Nainital Bank Recruitment can download the Hall Ticket from the Official Website once it gets released.

Nainital Bank Admit Card 2019 | Download Clerk Admit Card @ www.nainitalbank.co.in

Nainital Bank Admit Card 2019

Candidates who have applied for the post of AO, SCO, Clerk, and Others can download the admit card from the end of the section. Kindly, Aspirants are suggested to wait for the issue of the Nainital District Co-Operative Bank Admit Card. Because the bank will issue the Hall Ticket before 10 days of the exam date. The Nainital Admit Card is the far-reaching document for the written exams conducted by the Bank.

Nainital Bank Call Letter 2019 – Overview

Description  Details 
 Name of the Board Nainital District Co-Operative Bank
 Name of the Exam Clerk CBT Exam
Exam Date 27th July & 28th July 2019
 Category Admit card
 Admit Card Release Date 2nd Week of July 2019
Official Website www.nainitalbank.co.in

Required things to Check-in Nainital Bank Hall Ticket 2019

He/ She can access the Nainital Bank Admit Card by entering their Registration Number, Password and Date of Birth. However, applied applicants will look for the call letter for the exam purpose. For such examiners, we are providing a direct link to download the admit card. Aspirants should make sure of the stamped details in the Nainital Call Letter 2019.

  • Name of the Applicant.
  • Exam Date, Time & Centre.
  • Post Applied for.
  • Application or Registration Number
  • Date of Birth
  • Important Instructions.

Nainital Bank Clerk CBT Exam 2019-20

Nainital Bank has recruited the volunteers who have applied for the Clerk and Other posts. Moreover, the examination will be held on 27th July & 28th July 2019. So, Candidates can start preparations for the exam. Because the registered candidates must qualify the Computer Based Examination to get placed in the Nainital District Co-Operative Bank. Download the Call Letter given by the officials and follow all the general instructions stated in the admit card.

The officials had released the exam pattern for the examination. Make sure to read it thoroughly to qualify the exam. Participants can refer to all the previous year question papers.

Nainital Bank CBT Exam Pattern 2019

  • The exam will be of 200 Marks.
  • The total time duration will be 145 Minutes.
  • Negative Marks of 0.25% will be for each wrong answer.
  • There will be of totally 200 Questions to answer.

Required things to Download Nainital Bank Admit Card 2019

Candidates can download the Nainital Hall Ticket from the below section. Hence, candidates check to the admit card details once it printed. Each and every detail in the admit card is very important. Invigilators will allow you to the exam hall along with the ID proofs. So, Carry the Original ID proof along with the Nainital Bank Clerk Admit Card 2019.

  • Aadhar Card
  • College ID
  • Ration Card
  • Driving License
  • PAN Card
  • Voter ID
  • Any Valid ID Proof Issued By Gazetted Officer
  • Bank Passbook
  • Passport

How to Download Nainital Bank Admit Card 2019?

  1. Click on “Nainital Bank Admit Card” Link.
  2. Enter the Login Details.
  3. Enter the Captcha given.
  4. Now Login to get the admit card.
  5. An Admit Card page will be available on the screen.
  6. Enter all the necessary information.
  7. Click on to the download option and download the admit card.
  8. Take a print out and carry for the exam.

Direct Links to download Nainital Bank Call Letter 2019

Nainital Bank Admit Card Download (Available Soon)
Nainital Bank Recruitment Notification Click Here
Official Website Click Here

Indian Navy Musician, SSR Previous Year Question Paper – Model Question Paper Pdf

Posted: 01 Jul 2019 09:30 PM PDT

Indian Navy Sailors Previous Papers for Musician, SSR, Artificer Apprentice, Matric Recruit, Sports is available here. In this article, we have given the complete details about Navy SSR Model Papers, AA Previous Year Question Paper. Hence, go through the article and find the Indian Navy AA/SSR Model Question Paper Pdf download links.

Indian Navy Sailor Previous Year Question Paper

Indian Navy has given the Notification for Sailor (Musician) Jobs. Candidates who are eagerly waiting for the Musician posts under Indian Navy might have applied. Navy will conduct the written examination for the applicants of Musician, SSR, AA, and other Sailor Vacancies generally. Hence, here are the details about Indian Navy Sailor Recruitments.

Indian Navy Written Test Question Paper for Musician, SSR, AA & Other links are updated below. Before going to the Previous Year Model Question Papers check the Notification details. Also, refer to the selection process and Computer Based Test pattern given below.

Indian Navy Previous Papers – Musician/AA/SSR Model Question Paper

Navy Musician/AA/SSR Recruitment 2019 Details
Board Name Join Indian Navy
Post Name Sailors (Musician, SSR, MR, Artificer Apprentice)
No of Vacancies for SSR 2200
No. of Vacancies for AA 500
Category Previous Papers
Preliminary Screening Board Date (Musician) 06th to 10th July 2019
Final Screening Test 03rd to 06th September 2019
Official Website joinindiannavy.gov.in

Candidates who are going to appear for the Indian Navy Computer Based Test can check the Selection Process, CBT details below. Later, find the Indian Navy AA/SSR Model Question Paper Pdf download links. Also, get Navy SSR Model Papers, Artificer Apprentice Previous Year Question Paper, Sample papers below.

Indian Navy Sailor Selection – Exam Pattern Details

Join Indian Navy career selection process will be having 3 levels. Where candidates who clear the level 1 go to level 2 and 3. However, the Indian Navy Selection Process for SSR, AA is as follows.

  • Computer Based Test
  • Physical Fitness Test (PFT)
  • Medical Examination

Navy Computer-Based Examination – SSR, Artificer Apprentice

Subjects Total Questions Time Duration
General English 100 1 Hr
Science
Mathematics
General Knowledge
  • The Indian Navy Sailors exam will be of Objective type questions.
  • The language of paper will be in both English & Hindi.
  • Question Paper will be Computer-based with a maximum of 100 Marks.
  • Negative Marking: For every wrongly answered Question 0.25 Marks will be reduced.

Indian Navy MR Exam Pattern – Syllabus Details

Subjects No of Questions Time Duration
Science & Mathematics 50 30 Mins
General Knowledge
  • Computer-Based Objective type Multiple Choice Questions.
  • o.25 Negative for wrongly answered questions.
  • For Complete Syllabus, details check our Indian Navy Syllabus page.

Indian Navy SSR Previous Year Question Paper

All the applied candidates of the Navy Jobs are searching for the Indian Navy Preparation Tips. Hence, we have provided some useful study tips to crack the exam. Download the uploaded Indian Navy Exam Paper Pdf for Sailors post. When you practice these papers, you can understand the difficulty of the questions asking in the examination. Hence, download Last 5 years Indian Navy SSR Model Papers and solve them for getting a job in the Navy. Hope our Indian Navy Previous Year Question Paper will help you in your preparation.

Navy SSR Model Paper – AA Previous Year Question Paper Pdf

 Indian Navy SSR Model Paper 2011 Download
 Indian Navy AA Question Paper Pdf Download
Indian Navy MR Previous Year Question Paper Pdf Download
 Indian Navy SSR Question Paper in Hindi Pdf Download
 Indian Navy Artificer Apprentice Previous Year Question Paper Pdf Download
Indian Navy Written Test Questions Download
Indian Navy SSR Model Paper Download

Related Links to Indian Navy Sailors Previous Papers Pdf

RCFL Admit Card 2019-20 | Download RCFL Call Letter Right Here

Posted: 01 Jul 2019 05:43 AM PDT

RCFL Admit Card 2019 – is released for 50 Operator Trainee Posts. Applicants must download the admit card to attend the operator recruitment exam. Hence, all the candidates who applied for the post can download the admit card individually. The most important document to carry for the examination is RCFL Admit Card 2019. RCFL Admit Card has been released on 29th June 2019.

RCFL Admit Card 2019 20 | Download RCFL Call Letter Right Here

 RCFL Admit Card 2019 

The admit card has been issued for the candidates who are interested to join in Rashtriya Chemicals & Fertilizers Limited (RCFL). Those 50 applicants can download the RCF Operator Trainee admit card in the straightforward link provided below. Whatever information provided in the application form should update in the RCFL Hall Ticket 2019. If any error found with the admit card, inform to the Higher Officials before the exam date to get the valid admit card.

RCF Limited Admit Card 2019 – Overview

Description  Details 
 Name of the Board Rashtriya Chemicals & Fertilizers Limited (RCFL)
 Name of the Exam RCFL Recruitment Exam
Exam Date Check with Admit Card
 Category Admit card
 Admit Card Release Date 29th June 2019
Official Website www.rcfltd.com

Required things to Check-in RCFL Hall Ticket 2019

Rashtriya Chemicals & Fertilizers Limited (RCFL) has released the admit card for Boiler Operator and Operator Trainee Posts. Enter the listed details in the RCFL admit card in a valid format. While entering the details in the Hall Ticket candidates have to update the application form and also the other mandatory details in the application form.

  • Name of the Applicant.
  • Exam Date, Time & Centre.
  • Post Applied for.
  • Application or Registration Number
  • Date of Birth
  • Important Instructions.

RCFL Operator Trainee Exam 2019

The exam date for the Boiler Operator and Operator Trainee will be printed in the admit card. Download the admit card as soon as possible to know the exam details. The exam details such as Exam date, exam center, center code have been detailed in the admit card. Check to the exam pattern attached on the official website. Aspirants can check their RCF results and merit list after the examination process.

{RCF Results & Merit List 2019}

Needed things to Download RCFL Call Letter 2019

Eligible aspirants can download the admit card from the below table. Moreover, Candidates need to check the details in the RCF Limited admit card. Hence, all the aspirants need to download the valid call letter for the exam. Because if there is an error with the admit card, then the examiner will be disqualified to write the examination.

  • Aadhar Card
  • College ID
  • Ration Card
  • Driving License
  • PAN Card
  • Voter ID
  • Any Valid ID Proof Issued By Gazetted Officer
  • Bank Passbook
  • Passport

How to Download RCF Limited Call Letter 2019?

  1. Click on “RCFL Admit card” Link.
  2. Select the Post you applied.
  3. Enter the valid E-mail ID.
  4. Enter Date of Birth and Application Number.
  5. Then Submit the Exam Hall Ticket.
  6. An admit card page will appear on the screen.
  7. Enter all the valid details.
  8. Now, Click on Download option to download the admit card.
  9. Take a print out for all selection rounds.

Direct Links to download RCFL Admit Card

RCFL Admit Card Download
Official Website Click Here

ESIC Question Papers | Download ESIC SSO Previous Papers with Answers Pdf – esic.nic.in

Posted: 01 Jul 2019 04:30 AM PDT

ESIC Question Papers

Welcome to our ESIC Question Papers page. Here we update all latest ESIC Recruitment 2019 Question Papers with Answers. However, the applicants of ESIC SSO Vacancies can check the Previous Year Question Papers details in the section below. Hope, the ESIC SSO Exam Previous Papers will help you in your preparation. However, check all ESIC Question Papers for SSO Paper-I, II & III from the direct links given below. Also, download the ESIC SSO Exam Previous Papers Answer Keys pdf.

ESIC UDC, Stenographer Notification for various vacancies is given by the board. Aspirants who applied for the vacancies can find the ESIC UDC previous year question paper with answers free download link below. Hence, find the link at the end of the article. The material given is only for reference purpose and they are not official papers. Hope, the material helps you in the preparation.

ESIC SSO Exam Previous Papers Details

Description Details
Post Name Social Security Officer/Manager Gr-II/Superintendent
No of Vacancies Various
Category Previous Papers
ESIC Paramedical & Staff Nurse Exam Date Update Soon
Official website esic.nic.in

Download Links for ESIC Question Paper for SSO with Answers Pdf

Employees State Insurence Corporation Question Papers will help you in your Preparation. Here we updated the Latest ESIC SSO Exam previous Papers pdf. However, the applicants who applied for the ESIC SSO Recruitment 2019 can download the SSO Exam Papers from the direct links below. Furthermore, we have given the ESIC SSO Exam Previous Papers with Answers below. So, check for the respective ESIC SSO Answer Key and start preparing for the ESIC SSO written Examination 2019. Later, check the ESIC SSO Exam Syllabus and ESIC SSO Exam Pattern details. Furthermore, aspirants can visit the official website of Employees State Insurance Corporation, Delhi for more details.

ESIC Question Papers | Download ESIC SSO Previous Papers with Answers Pdf   esic.nic.in

ESIC Exam Question paper – Sample Model Papers for SSO, IMO Details

Get ESIC SSO Exam Previous Papers Download
Free ESIC Question Papers pdf Download
ESIC SSO Exam Previous Papers 2013 Download
Free ESIC Question Papers for SSO Download
ESIC SSO Exam Previous Papers Download
Free ESIC SSO Question Papers Pdf Download
ESIC Question Paper for SSO Answer Keys Download
SSO Exam Paper Sample Phase III Download
ESIC IMO Previous Question Papers Pdf Download

ESIC UDC Previous Papers – Click Here

ESIC SSO Exam Syllabus

Hope the ESIC SSO Exam Previous Papers help you in preparation. However, check the ESIC SSO Exam Syllabus and ESIC SSO Exam Pattern 2019 details from the link below. Where up have updated the latest ESIC Delhi Syllabus details. Also, download the ESIC SSO Exam Syllabus Pdf for free.

{ESIC Delhi SSO Syllabus 2019}

ESIC Previous Year Question Papers Pdf

TANCET Result 2019 – Check your TANCET Result Here

Posted: 01 Jul 2019 04:18 AM PDT

TANCET Result 2019 – Anna University is going to release the Tamil Nadu Common Entrance Test Result 2019 in the month of July.  The test takers can check their result status from the TANCET Official website i.e, tancet.annauniv.edu/tancet19/. The exam qualifiers will be eligible for admissions to MBA/ MCA and ME/M.Tech./ M.Arch/ M.Plan degree programs. This year, TANCET 2019 has been conducted on 22&23rd June 2019. TANCET Marksheets can be downloaded from July 5 onwards (tentatively) using the Login ID & Password generated at the time of registration.

TANCET Exam 2019

Tamil Nadu Common Entrance Test (TANCET) 2019 conducted by Anna University, Chennai on behalf of the Government of Tamil Nadu from candidates who seek admission to M.B.A., M.C.A., and M.E. / M.Tech. / M.Arch. / M.Plan. Degree Programmes for the academic year 2019 – 2020. Anna University releases 3 separate TANCET Rank Lists viz. GATE Category Rank List, TANCET Category and Sponsored Category. TANCET 2019 Exam Date, TANCET Result date we have mentioned in the below table. Here on this page applicants can get the direct link to download their www.annauniv.edu tancet 2019 Result.

TANCET Result 2019 – Overview

Description Details
Organization Name Anna University
Exam Name  Tamil Nadu Common Entrance Test
Category Sarkari Result
TANCET 2019 Exam Date 22nd & 23rd June 2019
TANCET Result Date Available Soon
Official Website annauniv.edu

Candidates are advised to keep their result safe until the completion of the counseling process. On the basis of TANCET rank list, candidates will be called for counseling. Candidates will have to show their scorecard at the time of verification of documents. Candidates qualifying the cutoff will participate in the counseling rounds, expected to begin in July 2019. Shortlisted candidates need to fill a separate application form for the counseling. Tamil Nadu Common Admission (TANCA) will hold the counseling rounds and admit candidates to various colleges in Tamil Nadu.

Highlights of TANCET Result 2019

TANCET 2019 Result Date July 5, 2019 (tentative)
Official Website annauniv.edu
Announcing Body Anna University
Details required to check TANCET Result User ID & Password
Applicability of TANCET Score M.E., M.Tech, MBA, MCA, M.Arch and M.Plan
The validity of TANCET Result 2019 1 year
TANCET Helpline 2220 0303

Merit list of the qualified and successful candidates will be prepared by the Anna University on the basis of score obtained in TANCET 2019. Merit List is prepared on the basis of marks obtained by candidates in TANCET 2019.  Anna University prepares 3 separate TANCET Rank Lists for admission viz, GATE 2019 Category Merit List, TANCET 2019 Category Merit List and Sponsored Category Merit List.

TANCET 2019 cut off score is the minimum marks a candidate must obtain in order to qualify the exam. TANCET 2019 cut off score is based on many factors such as, After the declaration of TANCET 2019 Result, Anna University will release the qualifying cutoffs for each course and subsequently students will be called for the counseling process.

  • Total number of candidates appearing in TANCET 2019 Examination
  • Total number of candidates who passed the examination
  • Total number of seats
  • The difficulty level of question paper

TANCET 2019 Result Date

TANCET 2019 Exam Date 22nd & 23rd June 2019
Publication of TANCET Answer Keys 2019 Last week of June 2019
TANCET 2019 Result Date 05th July 2019 (Tentative)
TANCET 2019 Counselling Date 08th July 2019 (Tentative)

TANCET 2019 Rank Card/Marksheet is one of the most important documents. It will carry the following information. Make sure your personal details are correct and true.

  • TANCET Rank
  • Roll Number
  • Normalized Score
  • Nationality

TANCET 2019 Counselling

Candidates, who clear TANCET 2019 Cut off will be called to appear in the counseling process to get admission into Anna University, Government, private and Self-financing Colleges in Tamil Nadu. TANCET 2019 Counselling procedure will take place after the declaration of the result. It will tentatively start in the month of July 2019. The admission will be based on the merit list position and marks secured by the candidates in the examination. There will be a different counseling process for each course. Candidates are required to register for TANCET 2019 Counselling Procedure at the official site of Anna University.

Steps to check TANCET Result 2019?

  1. Initially visit the official website of Anna University i.e, www.annauniv.edu
  2. Click on the link "TANCET 2019 Result"
  3. After clicking on the link, candidates have to provide their User ID & Password
  4. After furnishing all the details, candidates will be redirected to their Scorecard.
  5. TANCET 2019 Result will be displayed on the screen in the form of mark sheet
  6. Candidates are advised to check all the particulars mentioned in the result and take a print out of it.

Important links to download TANCET Result 2019

Download TANCET Result 2019 Click Here
Official Website Click Here

DU Entrance Exam Admit Card 2019 – Download Delhi University Admit Card here

Posted: 01 Jul 2019 03:51 AM PDT

DU Entrance Exam Admit Card 2019 has been released for various UG & PG Courses. Hence, the admit card has been released for the Entrance Exams for various courses. DU Entrance Test Admit Card has been issued on 30th June 2019. The DU Entrance exam will be scheduled from 03rd July to 08th July 2019. Moreover, download the admit card before the exam date.

DU Entrance Exam Admit Card 2019   Download Delhi University Admit Card here

 DU Entrance Exam Admit Card 2019 

The admit card has been announced for the students who are going to attend the various Entrance Examination. The university provides admissions in the field of engineering, management, and law in the university and its affiliated colleges. DU admission will be done on the basis of entrance exam as well as on the qualifying examination. In this article, we have provided the all relevant information of DU Entrance Exam Admit Card 2019.

DUEE Admit Card 2019 – Overview

Description  Details 
 Name of the Board Delhi University, New Delhi
 Name of the Exam DU Entrance Exam
Exam Date 03rd July to 08th July 2019
 Category Admit card
 Admit Card Release Date 30th June 2019
Official Website www.du.ac.in/adm2019

Required things to Check-in DU Entrance Test Admit Card 2019

Delhi University releases the admit card for various  UG, PG, M. Phil, P.HD courses. Hence, Candidates can now download the admit card from the below section. We provide you the direct link to download the DU Admit Card. Candidates can download the admit card through Online Mode only. Candidates are also advised to keep the downloaded admit card safe till you get the admission in the reputed institution. Without admit card no candidate is permitted to sit in the examination hall.

  • Name of the Applicant.
  • Exam Date, Time & Centre.
  • Post Applied for.
  • Application or Registration Number
  • Date of Birth
  • Important Instructions.

Delhi University UG/ PG Entrance Exam 2019

The University has commenced the date of examination on 03rd July to 08th July 2019. Hence, Students who have applied for the entrance exam can start preparation for the exam. The exam date is common for all the respective courses. Moreover, Students should compare the previous year question papers to prepare well for the exam. Time duration to complete the exam will be of 3 hours. Candidates should be available at 7.00am to enter the exam hall. The exam will be held at various exam centers. Check out to the exam center details and reach to the particular center at the interrupted time. Furthermore, information about Delhi University Entrance Exam is available on DU Entrance Exam Admit Card.

Vital Information to Download Delhi University Admit Card 2019

Download DU Entrance Exam Admit Card from the end of the page. Enter your unique Form number and Date of Birth to download the DU Test Admit Card 2019. Make sure with your admit card details after downloading it. Fill the admit card along with the application form. It will prevent you from making mistakes in the DU admit card. One photo Id proof for candidate identity verification. It can be one of them:

  • Aadhar Card
  • College ID
  • Ration Card
  • Driving License
  • PAN Card
  • Voter ID
  • Any Valid ID Proof Issued By Gazetted Officer
  • Bank Passbook
  • Passport

How to Download DU Entrance Exam Admit Card 2019-20?

  1. Click on “DU Entrance Exam Admit Card” Link.
  2. Enter the Login Details.
  3. Enter the Captcha given.
  4. Now Login to get the admit card.
  5. An Admit Card page will be available on the screen.
  6. Enter all the necessary information.
  7. Click on to the download option and download the admit card.
  8. Take a print out and carry for the exam.

Direct Links to download DU Call Letter 2019

DU Entrance Exam Admit Card Download
Official Website Click Here

JNU Entrance Exam Results 2019- Check JNU CEEB Final Marks & JNUEE PG Results

Posted: 01 Jul 2019 02:32 AM PDT

JNU Entrance Exam Results 2019 – The National Testing Agency has been released JNUEE PG Results! Students who appeared for the Entrance Exams for Post Graduate exams like M.A, M.Sc, MCA can check their results by getting Direct link of JNU Entrance Exam Results from this page. Recently, Jawaharlal Nehru University conducts its Entrance Test (JNUEE) annually for admission to its various UG and PG courses. The exam is also known as JNU CEE or JNU Entrance Exam. Those who have appeared for the JNU CEE & CEEB Examination on 27th May 2019 – 30th May 2019 can check their results from the official website i.e, ntajnu.nic.in. Applicants can get complete details of JNU Results on this page.

JNU Results 2019

Exam Name Result Release Date JNU Result Link
JNU CEEB Available Soon JNU CEEB Result
JNUEE 28th June 2019 JNUEE Result

JNU CEEB Result 2019 – The National Testing Agency is going to release the JNU CEEB Result! Students those who appeared for the Jawaharlal Nehru University Combined Entrance Examination for Biotechnology of postgraduate M.Sc and M.Tech programs can check their results by getting Direct link of JNU CEEB Result from this page. Candidates can check their JNU CEEB Result 2019 online through the link mentioned below. Those who have appeared for the JNU CEEB Examination on 27th May 2019 – 30th May 2019 can check their results from the below link.

JNU CEEB Result 2019

Organization Name Jawaharlal Nehru University
Exam Name Combined Entrance Examination for Biotechnology
Category Sarkari Result
Exam Date 27th May 2019 – 30th May 2019
Result Date Available Soon
Official Website jnu.ac.in
JNU CEEB Result 2019 – Click Here

JNU Entrance Exam Result 2019 – The National Testing Agency has been released JNUEE PG Results on 28th June 2019! Students who appeared for the Entrance Exams for Post Graduate exams like M.A, M.Sc, MCA can check their results by getting Direct link of JNU Entrance Exam Results from this page. Candidates can check their JNU result 2019 online through the link mentioned below. Those who have appeared for the JNU CEE Examination on 27th May 2019 – 30th May 2019 can check their results from the below link.

JNUEE Result 2019

Organization Name Jawaharlal Nehru University
Exam Name UG PG Courses Entrance Test
Category Sarkari Result
Exam Date 27th May 2019 – 30th May 2019
Result Date 28th June 2019
Official Website jnu.ac.in
JNUEE Result 2019 – Click Here

The JNU 2019 result will contain the marks and qualifying rank of the candidates who have qualified the exams for the different programs offered by the university. Candidates will be notified about the registration process for admission after the result of JNU 2019 is declared. Candidates can check their JNU result 2019 online through the link mentioned below. National Testing Agency will declare JNU 2019 result very soon in the online mode. We are here to help you out with the JNU Results 2019. Also, here we have given below are the steps to download the result of JNU 2019 conducted for the JNU Admission 2019-20. Apart from this, we have included the JNU Cutoff Marks 2019 and JNU Merit List 2019 from this article. The Jawaharlal Nehru University has finally released the Question Paper and Answer Key for JNUEE and CEEB on 6th June 2019.

Students can download their JNU Entrance Exam Results/Score Card 2019 by following the quick and easy process provided below. Students can check out their Score Card by visiting the official website or by directly pressing on a link provided below. As per the Official announcement, the results of the JNU Admission Entrance Exam is going to reveal on 27th June 2019. Also here on this site, Students may find the JNU Entrance Exam Question Papers for all Exams. For all those Students we have provided latest & Updated University result link and it will work once the result will be announcing it by officially.

JNU Results – Click Here

JNU Entrance Exam Cutoff Marks 2019 is the minimum marks required by candidates to qualify for the admissions to the various programs offered by the university. The University will release two cutoff lists containing the cutoff marks required by candidates from each category as per the different subjects. Students should achieve the equal or maximum Cut Off Marks to get into the Selection list. The Cut Off Marks will differ according to their Category.

JNU Entrance Exam Merit List 2019 | ntajnu.nic.in

Students should get the high score in the JNU Entrance Examination so that they will be selected for the JNU Merit List 2019. Which is essential for the Students to get the JNU Admission 2019. The University officials will announce the JNU Merit List from the official website one or two weeks later from the announcement of  JNU Entrance Exam Result. After the Merit list declaration, the Students will be called for the Counseling process to select the Courses. We advise the Students to keep connect on this page to get the upcoming announcement from the University by officially.

Steps to download JNU Entrance Exam Result 2019 

  1. Visit the official website of JNU Entrance Examination i.e, ntajnu.nic.in
  2. In the home page can view the JNU Entrance Exam Results 2019 link
  3. Students should click on the results
  4. It will open in a new page and enter the login credentials
  5. JNU Entrance Exam Results 2019 will be open
  6. Download or take a print out of the result for further reference.

Important Links to Download JNU Entrance Exam Results 2019

Download JNU Entrance Exam Results 2019 Click Here
Official Website Click Here

LIC ADO Previous Year Question Papers Free Download Pdf, Exam Papers @licindia.in

Posted: 01 Jul 2019 02:00 AM PDT

Candidates Searching for LIC ADO Question Paper Pdf can get it on this page.  Here we have uploaded Apprentice Development Officer Previous Year Question Papers with all other necessary details for exam preparation. Thus, all the aspirants who have applied for this job start the preparation for the exam. Use all the essential details given on our page with model papers pdf. However, Read the complete article to get complete details regarding LIC ADO Exam Preparation 2019.

LIC ADO Question Paper Pdf Download

LIC Apprentice Development Officer Exam 2019 is of the high competition that requires a lot of hard work to crack the exam successfully. The proper study plan includes the way you are preparing for the exam. LIC ADO Previous Year Question Papers pdf free download will guide you through the type of questions asked in the exam and also gives an idea of the difficulty level of the exam. Thus check the Model Papers link given on this page and start preparing for the exams.

LIC ADO contains written exam which is of prescribed exam pattern & syllabus 2019 given by the official Board. The paper contains nothing but basic topics of every competitive exam like Quants, Reasoning, GK, English, etc. It’s always best to start preparation first by checking exam pattern, syllabus, topic-wise preparation & at last with previous papers & solved model question papers. However, check the LIC ADO exam details in the below table.

LIC ADO Exam Model Papers – Exam Details

Description Details
 Name of the Board Life Insurance Corporation Limited (LIC)
 Name of the Post Apprentice Development Officer (ADO)
 No of Vacancies 8581
 Category Previous Papers
 LIC ADO Prelims Exam Date 6th & 13th July 2019
LIC ADO Mains Exam Date 10th August 2019
Official Website www.licindia.in

Applicants who have applied for ADO Exam 2019 and searching for previous year papers can get the download links on this page for free of cost. Aspirants will be selected on the basis of online test (Prelims & Mains) followed by an interview.

LIC ADO Exam Pattern 2019 – licindia.in

LIC ADO Prelims Exam Pattern

 Topics No. of Questions Total Marks
Reasoning Ability 35 35
Numerical Ability 35 35
English 30 35
Total 100 70
  • The Online Preliminary Examination will consist of Objective Type Questions
  • The total duration of the examination is 1 Hour where each section is for 20 minutes.

LIC Mains Exam Pattern for ADO

 Topics  No of Questions Maximum Marks
 Reasoning Ability & Numerical Ability  50  50
 General Knowledge 50  50
 Insurance and Financial Marketing Awareness  50  50
 Total  150  150
  • The Mains examination will be of Objective TYpe Questions
  • The total duration for the examination is 2 Hours
  • The medium of examination will be in English & Hindi

LIC Exam Pattern for Agents & Employee Category

Candidates applying for Apprentice Development Officer from Agents & Employee Category will be selected through single phase examination i.e. Mains Examination. For further details visit the LIC ADO syllabus page link given in the below section of the article.

LIC Apprentice Development Officer (ADO) Previous Paper

Candidates can get the LIC ADO Previous Year Question Papers pdf free download link in the below section of the article. We have given solved old exam question papers completely in pdf format. You can also download and use it in the future. Check the official website for Life Insurance Corporation (LIC) ADO question paper 2016, 2017, 2018 updates. Refer all the model papers given to crack the exam successfully.

Direct Download Links of LIC ADO Old Exam Papers Pdf

LIC ADO Exam Papers – Quants Click Here
Apprentice Development Officer Model Papers Pdf – GK Click Here
LIC ADO Previous Year Papers – Reasoning Click Here
LIC ADO Question Papers – Life Insurance & marketing Click Here
Life Insurance Corporation ADO Old Question papers – Numerical ability Click Here
LIC ADO Sample Papers – English Click Here

Related Links to Life Insurance Corporation (LIC) ADO Solved Papers Pdf

RRB ALP Result 2019 – Check ALP/Technician Provisional Part Panel Result @ rrbcdg.gov.in

Posted: 01 Jul 2019 01:04 AM PDT

RRB ALP Result 2019 – RRB ALP CBT III Results are out now!! Railway Recruitment Board (RRB) has announced RRB ALP CBT III Result 2019 & RRB ALP/Technician  Provisional Part Panel on its official website. Candidates who appeared in the exam can check the zone-wise scorecard on the official website of RRB. Here we have provided a direct link to check the RRB ALP Result 2019. Also, we have included the steps to download RRB ALP Result. Candidates are advised to check their result by logging on their applied RRB duly entering their registration number and Date of Birth. Follow the article and keep yourself updated on RRB ALP.

RRB ALP Result 2019

Exam Name Result Release Date RRB ALP Result Link
RRB ALP/Technician 29th June 2019 RRB ALP/Technician Result
RRB ALP CBT III 04th June 2019 RRB ALP CBT III Result

RRB ALP /Technician Result 2019 – Railway Recruitment Board (RRB) has announced RRB ALP /Technician Result 2019 on its official website on 29th June 2019. Candidates those who are waiting for the RRB ALP/Technician Provisional Part Panel can check this page. Here we have provided a direct link to download your ALP/ Technician (02/2018) Provisional Part Panel. Candidates who appeared in the exam can check the zone-wise scorecard on the official website of RRB. Hence, all those might be looking for the RRB ALP/Technician Provisional Part Panel result now!

RRB ALP /Technician Result 2019

Organization Name Railway Recruitment Board (Ministry of Railway)
Post Name Assistant Loco Pilot/ Technician
Number of Posts  26502
Category Sarkari Result
Exam Date 21st May 2019
Result Date 29th June 2019
Official Website rrcb.gov.in
RRB ALP/Technician Result -Provisional Part Panel (RRB, Jammu ) – Click Here
RRB ALP/Technician Result -Provisional Part Panel (RRB, Siliguri ) – Click Here

RRB ALP CBT III Result 2019 – Railway Recruitment Board (RRB) has announced RRB ALP CBT III Result 2019 on its official website on 04th June 2019. Candidates who appeared in the exam can check the zone-wise scorecard on the official website of RRB. RRB ALP CBT III was conducted from 10th May 2019 to 21st May 2019 at various exam centers. Here we have provided a direct link to check your results from this page. Hence, all those might be looking for the RRB ALP CBT III result now!

RRB ALP CBT III Result 2019

Organization Name Railway Recruitment Board (Ministry of Railway)
Post Name Assistant Loco Pilot
Number of Posts  64371
Category Sarkari Result
Exam Date 10th May 2019 to 21st May 2019
Result Date 04th June 2019
Official Website rrcb.gov.in
RRB ALP CBT III Result 2019 – Check Here

The result of RRB ALP CBT III has been declared on the zonal websites of the RRB. Candidates can check it from the link below. The aspirants of Loco Pilot and Technician will now be called for document verification. Check more details on RRB ALP Result 2019 from this page. The result of RRB ALP CBT III is being released RRB wise. The candidates can check it from the link below provided in the table.

In all, 47 lakh candidates applied for RRB ALP / Technician Recruitment 2018. These candidates applied for 36576 technicians and 27795 assistant loco pilot post. The selection of the candidates will be done as follows, RRB ALP / Technician Stage 1 CBT, RRB ALP / Technician Stage 2 CBT, ALP Stage III CBT, and finally Document Verification Round. For stage 1 and 2 all the candidates will have to appear. However, Stage III CBT is specifically for the candidates who applied for the Assistant Loco Pilot post.

Stage III Phycho Test Result with Score Card | rrcb.gov.in

The RRB ALP Result for CBT III 2018-2019 has been announced over login by which candidates can check the normalized marks and their qualifying status. The candidates can check it easily by following the steps listed below. The final merit list for RRB ALP will be prepared on the basis of the marks secured in CBTs. It will be prepared on the basis of marks secured in Part A and Stage III. To prepare RRB ALP Merit List – 70% weightage will be given to Stage 2 Part A score and 30% will be given to Stage III marks. The merit list for the post of Technician will only be prepared on the basis of marks in Stage 2 Part A.

Steps to download RRB ALP Result 2019

  1. Visit any of the zonal websites of the RRB or click on the link given on this page.
  2. A new page will open and it will look as shown below
  3. To access the login, candidates will have to enter user id and date of birth.
  4. Then, click on the 'login' button.
  5. Finally, the result RRB ALP CBT III 2018-19 will be displayed on the dashboard.
  6. Download or take a printout of the result for further reference.

Important Links for RRB ALP Result 2019

Download Stage III Phycho Test Result with Score Card Click Here
Download Stage III Phycho Test Result Notice Click Here
Official Website Click Here

Latest Business News

Posted: 01 Jul 2019 10:27 PM PDT

Latest Business News


Unique Personal Promotion Ideas for the Solopreneur

Posted: 01 Jul 2019 04:41 PM PDT

Do you hate self promotion? It's understandable. Here's how to make it even easier.

Why Franchise Ownership is a Great Beginner Option for Entrepreneurs

Posted: 01 Jul 2019 04:11 PM PDT

Looking for a middle option between startups and side-gigs? Here's why a franchise might be the right opportunity.

financial dictionary pdf - financial terminology dictionary - financial dictionary app

Posted: 01 Jul 2019 09:54 PM PDT

financial dictionary pdf - financial terminology dictionary - financial dictionary app


What's the Difference Between an IRA and an Annuity?

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IRAs and annuities are both retirement savings tools, but they have distinct differences you need to be aware of before choosing one or both.

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Can You Have Both a 401(k) and an IRA?

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Discover how a retirement investor might choose between investing in a 401(k) and an IRA, and learn why they may benefit from investing in both plans.

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How to Adjust and Renew Your Portfolio

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Our complete guide to rebalancing your portfolio will make sure that you maintain your strategy and maximize your returns.

Why Lobbying Is Legal and Important in the U.S.

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Political lobbying is again at a heightened spend level, and again being criticized; making it important to remember lobbying's legality and importance.

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What's the difference between the equity market and the stock market?

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Learn about the difference between the equity market and the stock market, and how the terms equity market and stock market are synonymous.

What is the Fixed Asset Turnover Ratio and Why is it Important?

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Learn about the fixed asset turnover ratio and how this calculation is used to analyze how efficiently a company uses its assets to generate profit.

Shopping for Mortgage Rates

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Are you planning on buying a home? Here is a step-by-step guide to find and lock in the best rate for a mortgage.

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Beware of These Reverse Mortgage Scams

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Educate yourself about these reverse mortgage scams that could lose not only money but also your home. Of all financial con artists, reverse mortgage scammers are arguably the worst as they pressure unaware elderly homeowners into confusing and deceitful contracts.

Why Bitcoin Has a Volatile Value

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Learn why the value of Bitcoins fluctuates due so wildly and how several factors contribute to this volatility. Just how volatile? Bitcoin is capable of volatility in the form of 10x changes in price versus the U.S. dollar, over a relatively short period.

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Is Your Forex Broker a Scam?

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While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.

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The Future of the Marijuana Industry in America

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Polls show that most Americans favor legalization, and studies on the use of medical marijuana have been promising. Should you invest in cannabis now?

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Warren Buffett's March Madness Bracket Challenge: What Are the Odds?

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In 2014, Warren Buffett announced that he would give whoever could correctly guess every game of the NCAA men's basketball tournament $1 million a year for life. What are the odds someone could win the challenge?

How to Deduct Stock Losses from your Tax Bill

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Learn the proper procedure for deducting investment losses and get some tips on how to strategically structure them to lower your income tax bill.

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Interest Rate Arbitrage Strategy: How It Works

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Changes in interest rates can give rise to arbitrage opportunities that, while short-lived, can be very lucrative for traders who capitalize on them.

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How Exactly Do Movies Make Money?

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While there's a lot of money to be made in the movie business, ticket sales alone aren't enough. Learn the economics of movie making.

Preference Shares: Advantages and Disadvantages

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Companies issue preference shares, which are commonly referred to as preferred stock, to raise capital. These shares have benefits and drawbacks for both investors and the issuing company.

Relative Strength Index (RSI) vs. Stochastic Oscillator?

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Learn about the main differences between the relative strength index and the stochastic oscillator, two well-known technical momentum oscillators.

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Each type of housing—condos, townhouses, and detached houses—has its pros and cons. Consider your lifestyle and budget when planning a property purchase.

What is a mutual fund's NAV?

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Net asset value (NAV) represents a fund's per share market value. This is the price at which investors buy ("bid price") fund shares from a fund company and sell them ("redemption price") to a fund company. It is derived by dividing the total value of all the cash and securities in a fund's portfolio, less any liabilities, by the number of shares outstanding.

Calculate the Capital to Risk Weight Assets Ratio for a Bank in Excel

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Microsoft Excel can calculate a bank's capital to risk-weighted assets ratio if you know the tier 1 and tier 2 capital and risk-weighted assets.

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Pottery Barn and Other Brands Owned by Williams-Sonoma

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Williams-Sonoma has grown into a powerhouse of home retailers by acquiring companies like Pottery Barn and launching its own specialized brands.

How operating expenses and cost of goods sold differ?

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Operating expenses and cost of goods sold are both expenditures used in running a business but are broken out differently on the income statement.

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The Complete Guide to Financing an Investment Property

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If you're considering adding an investment property to your portfolio, you need to know what your options are for financing its purchase.

Top 6 Jobs That Don't Require Degrees

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A Good Turnover Ratio for a Mutual Fund

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Mutual fund turnover ratios have an ideal ratio that may differ based on the type of mutual fund and your investment goals.

Managed Payout Funds vs. Annuities: How Do They Compare?

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Despite the advantages that they offer over annuities, managed payout funds have been growing slowly with investors due to interest rate and liquidity risks.

How Yahoo Makes Money

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Retirement Strategies for Low Income Seniors

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Plans and strategies for building a healthy and satisfying life, even if your retirement income isn't as high as you wish it could be.

How to Set Up a Trust Fund in Australia

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It is not simple to set up a trust fund in Australia, but it is not impossible either. Follow these steps to succeed in the land down under.

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Pros & Cons Of Dollar Cost Averaging

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The dollar-cost averaging approach helps investors avoid market timing but they give up some potential for higher returns.

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What Are the Pros and Cons of Online Checking Accounts?

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An online checking account can save you time and money, but understand the drawbacks before signing up to make the switch.

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Learn about the periods with the highest inflation in U.S. history, and find out how U.S. Federal Reserve policy measures attempt to control inflation.

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Tesla Faces Giant 17% Stock Swings Ahead

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The options market is suggesting Tesla may rise or fall by as much as 17% over the next two months.

Is Vision Insurance Worth It? What You Should Know

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We all know health insurance is something you shouldn't live without, find out if vision care insurance is worth it and what expenses are covered.

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Learn a simple forex trading strategy that uses multiple moving averages (MAs) and is designed to create low-risk, high-reward trading opportunities.

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Vanguard Plans to Introduce a Bond ETF of ETFs

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Vanguard is again tapping the ETF of ETFs structure for a new bond fund.

How Much Money Do I Need to Put Down on a Mortgage?

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When you buy a home, one of the biggest up-front expenses is the down payment.

3 Oil Stocks Ready to Rally

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As oil prices rise, some of the world's largest oil-field-service providers are set to benefit.

Under Armour's Stock Faces a 14% Decline Short-Term

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Under Armour's technical chart is suggesting a 14% decline over the short term.

Short on Dunkin' Brands and Burger King's Parent: Jim Chanos

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Short-seller Jim Chanos reveals yearlong bets against Dunkin' Brands and Burger King's parent co.

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Buy Caterpillar on Improvements in China: Citi

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A team of bulls sees shares gaining against the backdrop of strong global growth in 2019.

Are Business Ethics Important for Profitability?

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Business ethics as a guiding philosophy within a company can have a drastic impact on long-term business profitability and organizational success.

American Express Stock Breaks Out to Retest Highs

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American Express shares moved sharply higher after a strong first quarter, but traders will be closely watching these key levels ahead.

Pharmacy Stocks Rise on News Amazon is Backing Off

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Pharmacy stocks got a lift in trading Monday after CNBC reported Amazon is backing off of selling drugs to hospitals.

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Why Leveraged ETFs Are Not a Long-Term Bet

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Leveraged exchange-traded funds aren't for the average investor. They can, however, present significant upside potential for the right type of trader.

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Bearish chart patterns on key real estate assets are confirming the Colliers International report that the peak for this cycle could be in place.

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Apple May Slash iPhone Production: JPMorgan

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Higher-priced iPhones boost revenues, but they risk market-share loss in some important markets.

Wynn Stock Could Break Down Despite CEO Departure

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This ETF shows that the momentum factor is still in style.

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For general shorting information, you can usually go to any website with a stock quotes service.

Amazon Inching Ahead in Competition With Alphabet

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Can Sinking GoPro Stock Record a Turnaround?

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While bears on the Street warn of a 'tough road back,' bulls say a turnaround is 'closer than ever.'

The Pioneers of Technical Analysis

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Every time an investor talks about entry and exit points, they are paying homage to these men.

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Boeing stock is at an all-time high after strong fourth quarter earnings, but overbought technical readings could trigger a correction.

Over 1M Join Waitlist for Robinhood Crypto Trading

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The stock brokerage app thinks the move will 'dramatically increase user growth.'

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Apple’s Forecast May Shock Investors: BTIG

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The iPhone market is at risk of a major sales deceleration, bit it's ASPs that could make or break.

Deadly Flaws in Major Market Indicators

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Closing in on Retirement? Read These Tips

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If you're within 10 years of retiring, you and your financial planner should heed these key tips.

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Bitcoin Futures on CBOE vs. CME: What's the Difference?

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Here are critical differences between the CME and CBOE futures contracts

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What Does the Volatility Index (VIX) Indicate?

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The VIX is often called the fear gauge of the markets – understand what it means for your investments.

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Cyber Wars: How The U.S. Stock Market Could Get Hacked

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Stocks are a last great frontier for hackers.

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7 Billionaires' First Jobs

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We all know of these famous billionaires, and how they made their money. But have you ever wondered how they got their start?

Jack Ma's Worth and Influence

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Jack Ma is the founder and executive chairman of Alibaba Group Holding Ltd. Learn more about his successes and rise to affluence in the tech industry.

Understanding the Reasons Behind Ethereum's Price Rise

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The price of Ethereum has surged by 2400% year-to-date, from approximately $8 in the beginning of the year to beyond $200, pushing its market capitalization to around $18.5 billion.

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Chip Makers, IoT to Gain From New 5G

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Tech companies across the board trying to gain a foothold in the booming IoT space will benefit from the next big broadband technology deployment by 2020.

Short Selling: Making The Ban

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Short selling has been around as long as the stock market, and it hasn't always been looked on favorably.

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Global Fintech Investment Hits Record High in 2016

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A recent Accenture study reports a $5.4 billion Fintech investment in Q1', predicting a "Fourth Industrial Revolution" to disrupt financial markets.

Be Smart in Naming Beneficiaries of Your 401(k)

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Listen up: Hidden in the pesky details of filling out 401(k) forms are important tax implications. And it's a legacy to people you love.

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How Vimeo Makes Money (IACI)

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Discover how video sharing service Vimeo makes money without advertising. Revenue comes from upload and storage fees plus 10% of Vimeo on Demand sales and rental.

8 Best Cloud Storage Solutions for Small Business

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An unbiased list of the top cloud storage solutions for small businesses.

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What are the benefits of high net worth insurance?

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Read about the benefits of properly planned high-net-worth insurance coverage for high-net-worth individuals that might not be immediately obvious.

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Do Small Business Owners Need Financial Advisors?

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Small business owners are too busy to effectively manage their own money. That's why a financial advisor can be a big help.

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Financial Considerations Of Buying a Tiny House

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Whether your goal is simplicity, saving money or an alternative lifestyle, a tiny house (100 to 400 square feet) could be the solution.

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How is NAV used for oil, gas, and energy investments?

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Find out how net asset value, or NAV, can be useful for evaluating mutual funds with oil, gas and energy investments or valuing specific firms in those sectors.

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Baidu Versus Google: Who Will Win The Global Search War?

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While aspects of both Baidu and Google's web based operations are quite similar, the companies themselves vary immensely.

Ways To Earn Bitcoins

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There are many ways to earn and own Bitcoins other than just buying them on a Bitcoin exchange.

Typical Retirement Expenses

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Travel is one thing people start doing more of when they retire. Here are ways to think about how your spending may change once you're not at work all day.

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Top Ten Reasons Not to Invest In The Iraqi Dinar

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Before you plunk down your hard-earned dollars for the Iraqi dinar, here are our Top Ten reasons why you should not invest in this scam.

Retirement Plan Solutions For 70+ Workers

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If you're working and taking RMDs, your taxable income may start to bulge. Find out how to keep it under control.

5 Expensive (And Unexpected) Things That Can Happen To Your Home

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These perils can put a dent in the value of one of your biggest assets. Find out how to prevent them.

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5 Reports That Affect the U.S. Dollar

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Learn more about the five reports that provide short- and long-term insight into the valuation of the U.S. dollar. Currency and commodity traders and investors are always seeking information that will provide insight into whether the value of the dollar is set to rise or fall.

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Most Important Mergers and Acquisitions of 2016

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While 2016 did not see a $100 billion deal, there were plenty of important multibillion-dollar deals.

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What Is the Difference Between IFRS and GAAP?

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IFRS is a set of international accounting standards, while GAAP is a set of rules that accountants follow. Each country has its own version GAAP if they do not follow IFRS.

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McGinley Dynamic: The Reliable Unknown Indicator

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A 10-day exponential moving average with a filter, the little-known McGinley Dynamic Indicator is a highly reliable way to identify market trends.

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Facts About Independent Broker-Dealers

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Independent broker-dealers are a great choice for experienced, self-starter planners who have established practices.

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Why Bank of America Is a Bargain

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Despite falling nearly 15% off this year's highs, Bank of America is one big bank well positioned for big gains.

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3 Tobacco Stocks Quietly Rising

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Discover the driving factor behind tobacco stocks' multi-month rally. Explore three leading tobacco stocks and at what price to buy them.

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Prospectus of Corporate Bonds

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Here's how a well-informed decision with respect to buying a corporate bond involves reading the significant facts and details of the prospectus document.

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Canada: A New Frontier For Real Estate Investors

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This property market is easy to access and provides profitable opportunities.

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What Does It Cost to Retire in Ecuador?

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Discover why Ecuador is one of the most senior-citizen-friendly countries in the world, where a retired couple can retire on as little as $800 a month.

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3 Types of Indexing for ETF Success

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ETF success relies on the index with which it is paired. Explore three index genres for tracking average market performance.

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BIB Versus LABU: Comparing Leveraged Biotech ETFs

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Read a comparison of BIB and LABU and a description of the characteristics and historical performance of these leveraged biotech ETFs.

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Celgene's Stock May See More Big Gains Ahead

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Celgene Corp's (CELG) stock was hammered over the past year, but sentiment has started to turn bullish.

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8 Stocks for the Cybersecurity Boom: Goldman

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Cybersecurity stocks are up 24% this year, nearly five times the gain of the S&P 500.

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The Economic Effects of the New Deal

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Although the New Deal failed to revive the U.S. economy during the Great Depression, its legacy lives on today as increasing the social welfare of America.

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The Lowdown on Index Funds

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If you can't beat the market, why not join it? Read on to see what your options are.

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3 Defense ETFs to Trade North Korean Uncertainty

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Uncertainty over U.S./North Korean relations continues to support defense stocks. These three ETFs provide exposure to increased defense spending.

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The U.S. dollar and the Japanese yen: An interesting partnership

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Learn more about the USD/JPY relationship, wherein the yen can be partially explained in terms of Treasury bonds.

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Can You Trust Your Trustee?

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Ignorance and incompetence can cost you money. Make sure your trustee is up to the task.

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Reasons Why Doctors Can't Manage Money

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For a variety of reasons, It's a stereotype that doctors are often lax with their finances. Find out why and how you can change your bad habits.

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In Search of Versatility, Institutional Investors Look to ETFs

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Another survey indicates that big-time investors are increasing their use of ETFs.

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Amazon's $23B R&D Budget Sets a Record: Recode

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Amazon's R&D spending in 2017 puts it on the top of the list of publicly traded companies.

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Apple Stock Faces 10% Short-Term Pullback

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AAPL has nearly tripled in five years, but, based on technical analysis, it could be at risk. 

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2 Battered Large Caps Poised to Break Out

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While some Dow stocks have struggled, analysts believe they are now ready for a breakout.

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Avoid U.S. Automaker Stocks Despite Trade Talks

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U.S. automaker stocks are bouncing at support but have broken bullish patterns and could hit lower lows in coming months.

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Why Gilead Can Beat Both the Biotechs and the S&P

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Gilead Sciences is set to outperform its peers and the market as earnings rise on new HIV product.

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Roku Shares Could Fall 50% Further

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Roku stock could come under selling pressure soon based on technical analysis and the bets short sellers are placing.

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Accelerated Underwriting Makes Life Insurance Easy

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A new development called "accelerated underwriting" is making it faster and easier for people to obtain life insurance.

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CoinDash: Ethereum Hacker Returned 20,000 Stolen Ether Worth $17 Million

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A hacker quietly returned 20,000 ethereum tokens to CoinDash after stealing them during the company's ICO. Why?

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Does Your Financial Advisor Speak Crypto?

Posted:

Why your financial advisor won't let you buy bitcoin.

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Coinbase 2017 Revenue Topped $1B: Recode

Posted:

The bitcoin trading broker has emerged as one of the main beneficiaries of soaring investor interest in cryptocurrencies.

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Coinbase Has More Users Than Schwab

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Over 300,000 people in the past week opened up accounts on the most popular cryptocurrency platform.

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You CAN Retire In A Recession

Posted:

Just because you receive your gold watch during a recession, doesn't mean you can't retire on time.

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Why Samsung Is Getting Into Pharma

Posted:

Getting into a new market with the launch of a generic version of Johnson & Johnson's Remicade.

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Chase Sapphire Card Perks Costing the Company Millions (JPM)

Posted:

The catch: You need to get a mortgage. The previous Chase Sapphire Reserve offer cost JPM $200-$300 million.

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How Dumb Money Can Become Smart Money

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An online brokerage grades its clients on their trades, and guess what? Their returns improve.

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Financial Models You Can Create With Excel

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The relatively modest amount of time it takes to build these models can pay for itself by leading you to better investment decisions.

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A Brief History of Income Inequality in the United States

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Income inequality is plaguing the U.S. economy, but a peek into the past reveals that the current situation is largely a result of government policy.

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Breaking Down the Federal Reserve's Dual Mandate

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The Fed has been tasked with a dual mandate by Congress to achieve monetary stability. We explain what the dual mandate is and what it means.

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Blockchain Technology To Revolutionize Traditional Banking

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Blockchain technology is being taken seriously by the financial sector as it may prove to be a great disrupter to the traditional banking industry.

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The Safest Currencies in the World

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The safest currency in the world may surprise you.

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A Guide For Buying ETFs On Margin

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"Buying on margin" is like shopping with a credit card, as it allows you to spend more than you have in your wallet.

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7 Easy To Understand ETFs To Replace A Savings Account

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If you have a savings account or certificate of deposit (CD), you're probably not making much more than 1% each year from interest.

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The Differences Between Bribery And Lobbying

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Critics of lobbying accuse the practice of being similar to bribery, but there are many differences.

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Small Business Tax Obligations: Payroll Taxes

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Don't leave it up to your accountant - owners are ultimately responsible for fulfilling tax obligations.

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5 Things To Know About Potash

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Potash has been in the news a lot recently, but why is it so important?

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Activist Investors: A Good Or Bad Thing?

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When a large stakeholder is dissatisfied with a company's management, it may take matters into its own hands.

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economic news of india - world economic news - economics news for students - indian economy news

Posted: 01 Jul 2019 09:17 PM PDT

economic news of india - world economic news - economics news for students - indian economy news


Air India doesn't have enough money to pay its staff beyond Oct

Posted:

NEW DELHI: Air India won't have enough money to pay salaries to its employees beyond October amid upcoming debt repayments and plans by the government to sell its 100% stake in the airline, senior officials told ET."The government had provided Air India sovereign guarantees amounting to Rs 7,000 crore and the airline has about Rs 2,500 crore left, which the airline will utilise soon," said one official who did not want to be identified.Another government official said the Rs 2,500 crore would be used to clear dues of vendors including oil companies and airport operators and to pay salaries for a few months. Air India's salary outlay is a little over Rs 300 crore per month and the troubled national carrier has been delaying these payments."Even May's salary came over 10 days late," said a third official on condition of anonymity. 70033694 Air India won't be the first government owned company without funds to pay salaries. Bharat Sanchar Nigam Ltd., the state-owned telco, is also said to be out of cash to pay employees."The government is aware about the airline's financial problems," said one official.However, the civil aviation ministry has not sought any additional funding for the airline in the budget to be presented on July 5."It's the same as the demands made in the interim budget and we are not seeking anything extra for Air India," said a senior ministry official who did not want to be identified.In the interim budget, Air India Asset Holdings Ltd., a company that holds some of the airline's debt and assets, was allocated Rs 3,900 crore for the previous and current financial years to service debt. The company had taken on Rs 29,464 crore of Air India's total debt of Rs 58,000 crore.Meanwhile, Air India is staring at debt repayments of Rs 9,000 crore in the current financial year. Without the ability to service the loans, it had sought the government's help. However, it seems unlikely that the government will step in at this stage as it works on a plan to divest its 100% stake in the national carrier.The airline may find a partial solution to the problem."We are working to roll over the repayment of about half of the total debt, which is the working capital debt, to the next financial year. But we cannot do anything about the rest, which is loans against aircraft," said one official.The government added that repayment of Rs 4,500 crore can only happen if it provides the money.

Nirmala Sitharaman's dilemma in three charts

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NEW DELHI: Data released on Monday underscored the country's slowing economy, which has emerged as a key concern for the new government. Goods and services tax (GST) collections dipped below Rs 1 lakh crore in June while manufacturing turned soft and core sector growth slowed in May, highlighting the challenges that confront finance minister Nirmala Sitharaman as she readies to present her first budget on Friday.After three months of over Rs 1 lakh crore in collections, GST receipts fell to Rs 99,939 crore in June, down from over Rs 1,00,289 crore in the previous month, according to finance ministry data.GST mop-up was 4.5% higher than the Rs 95,610 crore collected in the same month of the previous year, suggesting the July 5 budget may have to factor in a lower revenue growth from the tax that has just completed two years. 70033618 "This moderate growth in collections (over last year) would be a concern and we should expect some tangible measures in the form of increased audits and scrutiny over next few months," said Pratik Jain, partner and leader, indirect tax, PwC India.India's GDP growth slowed to a five-year low of 6.8% in FY19 and it is expected the government may unveil measures to get the economy back on track.CORE SECTOR SLOWSThe eight core sector industries grew 5.1% in May compared with an upwardly revised 6.3% in April. A sharp revision in growth of the steel sector in April at 19%, due to the inclusion of cold rolled coils, led to core output growth being revised to 6.3% from 2.6% in the earlier estimate. April steel output was estimated to grow 1.5% earlier.Effect of Lower Government SpendingThe eight core sector industries — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — have a 40.27% weight in the Index of Industrial Production (IIP).Four out of the eight core industries registered a positive growth rate in May 2019 over May 2018.Steel and electricity output rose 19.9% and 7.2%, respectively, while crude oil, refinery products and fertiliser declined — the steepest drop was registered in crude oil output at 6.9%."There was limited activity in the government sector on account of the elections as government expenditure was more towards social programmes, which includes the rollover of subsidies in some segments," said CARE chief economist Madan Sabnavis, adding that this can be seen in low growth in cement for the second successive month.MANUFACTURING SOFTManufacturing lost momentum in June due to a softer increase in orders that hurt output and employment growth, a private survey showed on Monday, bringing the expansion level for the opening quarter of FY20 to the lowest since the September quarter of FY18."Economic growth is muted and these indicators are confirming that," said Kotak Mahindra Bank economist Upasna Bhardwaj. "Manufacturing growth continues to remain tepid. The limited government spending in the beginning of the year is expected to have kept infrastructure growth muted. With restart of government spending, we expect some traction in the months ahead."The Nikkei India Manufacturing Purchasing Managers' Index fell to 52.1 in June from 52.7 in May, albeit remaining above the 50-point mark that separates expansion from contraction. "PMI data highlighted a slight setback in the Indian manufacturing sector during June," said Pollyanna De Lima, principal economist at IHS Markit and author of the report.

Samsung may hand pink slips to 1,000 in India

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Samsung will slash about 1,000 jobs in India as the brutal war with Chinese companies forces the Korean giant to cut prices of smartphones and televisions, shaving off margins and reducing its profits, said three senior industry executives who sought anonymity.The executives said the job cuts were part of a cost rationalisation programme undertaken by the country's largest consumer electronics and mobile phone maker by revenue. Samsung has already laid off 150-odd employees at its telecom networks division and will complete the entire manpower rationalisation exercise by October, they said.A Samsung India spokesperson said the company is committed to India and continues to invest significantly across its businesses. This includes setting up the world's largest mobile phone factory, investing in R&D and exploring new businesses such as 5G networks, he said."As we grow, our efforts are leading to more job creation. At the same time, we continue to make our business more efficient and robust for long-term success. For which, Samsung continuously realigns resources as per business priorities. Samsung is committed to job creation and will add manpower through the year," the spokesperson said. 70033696 SAMSUNG INDIA HAS 20K EMPLOYEES"As regards business, with new products across categories, we have been able to consolidate our market share further, and 2019 will be a record year for the company," the Samsung India spokesperson added.As per industry estimates, Samsung has around 20,000 employees in India.Business heads have already submitted to HC Hong, the president of Indian operations, the names of under-performers and those not delivering targeted results in their teams, said people familiar with the developments. In some businesses and functions, the list makes up about 10% of the total team strength. But there is no fixed number, the executives said.Executives said the manpower rationalisation exercise will encompass sales, marketing, R&D and manufacturing, as well as support functions such as finance, human resources and corporate relations. The exercise has been endorsed by Samsung's headquarters in Seoul, with the focus now more on generating profit growth — rather than revenue — from India, they said.Samsung India had frozen recruitments since April, which will be reviewed later depending on financial performance during the upcoming festive season, the executives said.Samsung India's problems started in 2017-18, when it first reported a fall in net profit. As per the latest disclosures with the Registrar of Companies (RoC), the company's net profit in FY18 fell 10.7% to Rs 3,712 crore while total income grew at a similar pace to Rs 61,065 crore. Financials for 2018-19 are still not available with the RoC, but industry executives said profit growth has remained under strain.ONLINE CHALLENGESamsung has faltered on online smartphone sales, failing to anticipate the rapid growth clocked in this channel since 2016 by brands like Xiaomi and OnePlus. The story was repeated for televisions from end-2017 onward. The online channel currently accounts for 40% of total smartphone sales and 30% of total television sales in India.The company has dropped prices for smartphones and televisions by 25-40% since end-2017 to compete with price-aggressive Chinese rivals and online-focussed brands such as Xiaomi, OnePlus, Vivo, TCL and Realme. The maximum price cuts have been for online-exclusive smartphone models such as the Galaxy M Series and the Super6 Series of ultra-HD smart TVs launched this year."The price drops have had an impact on the bottom line. Also, the Chinese brands have far leaner organisational structures. For instance, Xiaomi India has just 900-1,000 employees. Hence, the need for Samsung's cost rationalisation exercise. The layoffs in the network division are aimed at building the team for 5G in India since they currently focus on 4G," said an executive.Analysts said Samsung has made its smartphone portfolio leaner and a full recovery will depend on consistent performance over the next few quarters.Tarun Pathak, associate director at market tracker Counterpoint Research, said Samsung India has been able to arrest the decline in smartphone market share in the January-March quarter."A lot will now depend on the performance of the Galaxy M and A Series of smartphones, and how they position these," he said.As per Counterpoint Research, Xiaomi has 43% share in online smartphone sales as of January-March, followed by Samsung at 15% and Realme at 11%. In the overall smartphone market, Xiaomi again led with 29%, Samsung at 23% and Vivo at 12%, the researcher said.Industry executives said Samsung is the largest player in the overall TV market with around 30% share. However, Xiaomi — quoting IDC data — has claimed to be the largest smart TV brand in India for four quarters with 39% share as of January-March, followed by LG at 15%, Sony at 14% and Samsung at 12%.Samsung India had last resorted to retrenchments in 2015-16, when it laid off several hundred employees after its smartphone sales slowed down owing to the challenge posed by home-grown Micromax and the Chinese brands. While the company had not shared the total number of jobs lost then, media reports had pegged the number at 750-800.

Debt-laden companies see most action ahead of B-Day

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The Budget is the main focus of the market in the July derivatives series. Ahead of the big day, stocks of debtladen companies and those in the financial space are seeing significant activity. Most of these companies are seeing activity on the bearish side, with Reliance Capital, Dewan Housing, Reliance Infra and Shriram Transport gaining 10-33 per cent in open interest. Canara Bank has seen activity on the bullish side with 18 per cent rise in open interest this series. Bharat Financial Inclusion has shed open interest by 45 per cent ahead of exclusion from the futures and options segment. ET takes a look at five stocks that are gaining high open interest and details their near term outlook.Dewan Housing FinanceCMP: Rs 73.6OI Change in July series so far (%): 32.81Spot Price Change in July series so far (%): -9.75SENTIMENT FOR the stock has soured after the firm deferred its earnings announcement to July 13. "Volatility is high. It is better to avoid the stock," said Chandan Taparia, derivative analyst at Motilal Oswal Financial Services. It may fall to Rs 53-55 and face resistance at Rs 83.Reliance InfrastructureCMP: Rs 53.05OI Change in July series so far (%): 13.33Spot Price Change in July series so far (%): -10.84THE STOCK is among the biggest open interest gainers in July series. "Good amount of short positions got carried over and we saw fresh shorting in last two sessions. Avoid bottom fishing as there may be further sell-off," said Jay Purohit, derivatives analyst at Centrum.Shriram Transport FinCMP: Rs 1,054.65OI Change in July series so far (%): 9.75Spot Price Change in July series so far (%): -4.0THE STOCK has seen build-up of bearish positions amid overhang of the liquidity crisis in NBFCS. Macquarie said all the negatives are more than priced in now. The firm has retained outperform rating and raised target price to Rs 1,325 from Rs 1,265.Reliance CapitalCMP: Rs 64.25OI Change in July series so far (%): 24.35Spot Price Change in July series so far (%): -9.25RELIANCE CAPITAL has seen addition of short positions as the company deferred declaration of results for the quarter ended March. "Even a small bounce is being sold. The weakness is likely to continue. One should avoid or reduce positions," said Taparia of Motilal Oswal.Canara BankCMP: Rs 285.35OI Change in July series so far (%): 18.4Spot Price Change in July series so far (%): 2.46CANARA BANK is also among the highest OI gainers this series. "Current chart structure and derivatives data clear hints further upmove in the stock. Traders go long for target of Rs 310-315 with stoploss of Rs 275 on closing basis," said Purohit of Centrum.

Queues get longer as ATM numbers shrink

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MUMBAI: With currency in circulation surging to a new high and the number of ATMs shrinking over the past two years, the average usage of ATMs is on the rise. From the low of 105 transactions a day recorded after the demonetisation in April 2017, average daily transactions have gone up to 130 in April 2019.What has also contributed to the increase in average usage of ATMs is the fact that banks are issuing more debit cards. In April 2017, at the end of the demonetisation process, the number of debit cards stood at 78 crore. This went up to 88 crore in April 2019. Bankers point out that after ATM regulations were tightened, several banks found it economical to be net issuers and pay the transaction charges of Rs 15 to other banks for use of their ATMs. 70032933 For the week ended June 14, 2019, currency in circulation stood at Rs 22.19 lakh crore—a year-on-year increase of 13%. In April 2017, the amount was Rs 14.17 lakh crore. Given that ATM usage is picking up in Tier II and Tier III towns, where rents are low, the viability of ATMs has gone up.Another development that is expected to boost ATM usage is the activation of the Pradhan Mantri Jan Dhan Yojana accounts. While these accounts were opened three years ago, many of them are now getting funded thanks to the PM-Kisan scheme that credits Rs 2,000 every quarter into the accounts of low-income farmers.Currently, the total number of ATM withdrawals in a month is less than the total number of debit cards in circulation. As against the 88 crore cards, the total monthly withdrawals are 80.9 crore—an average of 0.9 transactions per card. The average monthly withdrawal per account stands at Rs 3,214.According to Mani Mamallan, founder chairman of Electronic Payment and Services, India has a long way to go before ATMs reach saturation level, considering that the average ATM per one lakh adults in India is around 22, which is half the global average. "In China, despite advances in digital payment, there are three more ATMs than in India," said Mamallan.The parliamentary standing committee on finance has expressed concern that there are just not enough ATMs being installed or added to cater to the rising demand for cash in an expanding economy, even as more and more debit cards are being issued and a large number of Jan Dhan accounts are opened by banks.One of the reasons banks are reluctant to deploy more ATMs is that the RBI has recently made security norms more stringent. These are expected to increase the cost handling cash. According to Mamallan, one way of improving efficiency in cash handling is to install cash-recycling machines instead of ATMs when they come up for replacement. Cash-recycling machines can accept deposits and credit them instantly to the account. Also, the cash is made available instantly for withdrawal.

PwC exits put auditors, banks, rating cos in a fix

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The exit of PricewaterhouseCoopers (PwC) as the auditor of Eveready Industries, Reliance Capital, Reliance Infra and Reliance Home Finance after differences over the books has increased pressure on rival firms, rating agencies and banks to take a quick decision on companies with dodgy accounting.With June quarter results coming up, many audit firms that have a difference of opinion with managements over the numbers are in a quandary—should they resign or heavily qualify their audit reports?The PwC move comes in the backdrop of the profession running into a rough patch after the auditors of Infrastructure Leasing and Financial Services failed to issue warning of a shock default that set off a liquidity crisis and roiled the financial markets. With earnings due shortly, the auditors don't have much time, experts said, adding that PwC's use of what's seen as the weapon of last resort has jolted the industry.Following PwC's departure, all the companies concerned have replaced it with an Indian auditor, not a Big Four firm (Deloitte, KPMG, EY or PwC).PwC's questioning of intracompany transactions will force the rating agencies to reconsider their ratings while banks will have to take another look at assessments."Each player in the ecosystem has to do its part well for improvement of governance," said JN Gupta, founder of proxy advisory firm Stakeholder Empowerment Services (SES). "The problem is that no one wants to be different. Each one wants to conform to the existing norms. Now, they are all acting out of fear."Some experts said the move may burnish PwC's image following a ban on the company by Sebi over the fraud at Satyam Computer Services, where it was the auditor. The ban has been stayed pending its appeal before the Supreme Court."The firm wants a clean slate to build a quality long-term business and it's willing to take tough decisions towards that end. It may take us longer but we want to grow the business the right way," said an insider who is not authorised to speak to the media. However, PwC's own client acceptance policies are also under question.PwC did not respond to questions from ET. Deloitte and KPMG network firm BSR & Co face the prospect of a ban over their role in IL&FS while EY firm SR Batliboi & Co has been banned by the RBI for lapses in a statutory audit. 70034356 Some leading auditors have started forensic checks over possible corporate governance wrongdoing. "This is being done without the knowledge of the companies. People are being sent on the ground to see if the projects — even in cases where end-use certificates are there — are actually on track, among other things," said a forensic partner with a major firm. In most cases, auditors rely on bank certificates and other documents provided by the company and their advisors to carry out certain entries.However, in the case of IL&FS Financial Services, the auditors are accused of not cross-checking the on-ground status of certain infrastructure projects.The Indian auditing firms are also being cautious. "Even smaller firms are being more careful. No qualification is small enough to be missed," said Neeraj Bhagat, CEO, Neeraj Bhagat & Co.More auditors are likely to jump ship. "Auditors do not have the wherewithal to deal with criminal proceedings initiated like in the case of IFIN and this has really spooked several mid-level executives in audit firms. Many more resignations may be rendered in during the next few months," said an audit head in one of the top six firms.The role of a joint auditor, where present, is also being questioned in the PwC cases. Why didn't the joint auditor have doubts about the accounts? The role of independent directors in these companies is also open to scrutiny — what was their position on the accounts?"For many auditors, the risk-reward ratio doesn't make sense. The regulators have to distinguish between cases where auditors are helping promoters manipulate accounts and perpetuating the fraud," said Suresh Surana, managing partner at RSM.

Slowing run in scooter segment to dent TVS’ valuation premium

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ET Intelligence Group: For years, scooters have been adding much-needed zip to TVS Motor. In a three-pony race, new-age scooters have given the southern challenger the prescribed horse power to engage meaningfully with leading bike-makers Bajaj Auto and Hero MotoCorp, which have more evenly spread networks across the country.But the scooter's seemingly ubiquitous run as urban India's favoured personal-transport medium is under threat – and so is TVS Motor's valuation premium over peers.The stock's consensus earnings for FY20 have been trimmed 12-15 per cent since the beginning of the year. It trailed the Sensex by 6 per cent and 28 per cent, respectively, in the past three and twelve months.Sale volumes fell 5 per cent in June to 297,102 units. Scooter sales declined 3.6 per cent to 99,007 units. Industry growth for scooters has been contracting since FY19 as major markets such as Maharashtra, Gujarat, Karnataka and Kerala are witnessing a slowdown. Scooter sales dropped 0.6 per cent in FY19, the first such contraction in 13 years.The Street is pricing in local scooter volume growth below 5 per cent in FY20.Motorcycle volume growth has been relatively better. However, any significant deviation from normal monsoons may impact volumes in the rural market that makes up half the numbers. Indian Meteorological Department says June rainfall has been 33 per cent deficient. So, the Street is factoring in domestic motorcycle segment volume growth of 5 per cent and 7 per cent for FY20 and FY21.In the first three months of FY20, TVS volumes fell 1 per cent to 8.84 lakh units. The guidance is for 6-8 per cent volume growth, achieving which appears to be an uphill task.First, inventory continues to be higher than average. The Bajaj Auto management said dealer inventory is 7-8 weeks, compared with the usual inventory of 4-5 weeks. Higher inventory also stretches the receivables cycle of the company. TVS Motors' receivable days rose to 29 days in FY19 from 23 days in FY18.Second, competition will likely increase in the second half due to the transition to BS-VI norms. TVS Motor's operating margins are among the industry's lowest. So, it is the most vulnerable to increased competitive intensity.Third, the stock is trading at a 48 per cent premium to mass market two-wheeler makers. This appears rich in a volatile market. In the past few years, TVS enjoyed premium valuation due to the increase in scooter penetration. However, in the past 15 months, the long-term growth trajectory for scooters has reversed. So, the P/E premium of TVS Motor over its peers may also narrow.

PwC exits put auditors, banks, rating companies in a fix

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The exit of PricewaterhouseCoopers (PwC) as the auditor of Eveready Industries, Reliance Capital, Reliance Infra and Reliance Home Finance after differences over the books has increased pressure on rival firms, rating agencies and banks to take a quick decision on companies with dodgy accounting.With June quarter results coming up, many audit firms that have a difference of opinion with managements over the numbers are in a quandary—should they resign or heavily qualify their audit reports?The PwC move comes in the backdrop of the profession running into a rough patch after the auditors of Infrastructure Leasing and Financial Services failed to issue warning of a shock default that set off a liquidity crisis and roiled the financial markets. With earnings due shortly, the auditors don't have much time, experts said, adding that PwC's use of what's seen as the weapon of last resort has jolted the industry.Following PwC's departure, all the companies concerned have replaced it with an Indian auditor, not a Big Four firm (Deloitte, KPMG, EY or PwC).PwC's questioning of intracompany transactions will force the rating agencies to reconsider their ratings while banks will have to take another look at assessments."Each player in the ecosystem has to do its part well for improvement of governance," said JN Gupta, founder of proxy advisory firm Stakeholder Empowerment Services (SES). "The problem is that no one wants to be different. Each one wants to conform to the existing norms. Now, they are all acting out of fear."Some experts said the move may burnish PwC's image following a ban on the company by Sebi over the fraud at Satyam Computer Services, where it was the auditor. The ban has been stayed pending its appeal before the Supreme Court."The firm wants a clean slate to build a quality long-term business and it's willing to take tough decisions towards that end. It may take us longer but we want to grow the business the right way," said an insider who is not authorised to speak to the media. However, PwC's own client acceptance policies are also under question.PwC did not respond to questions from ET. Deloitte and KPMG network firm BSR & Co face the prospect of a ban over their role in IL&FS while EY firm SR Batliboi & Co has been banned by the RBI for lapses in a statutory audit. 70034356 Some leading auditors have started forensic checks over possible corporate governance wrongdoing. "This is being done without the knowledge of the companies. People are being sent on the ground to see if the projects — even in cases where end-use certificates are there — are actually on track, among other things," said a forensic partner with a major firm. In most cases, auditors rely on bank certificates and other documents provided by the company and their advisors to carry out certain entries.However, in the case of IL&FS Financial Services, the auditors are accused of not cross-checking the on-ground status of certain infrastructure projects.The Indian auditing firms are also being cautious. "Even smaller firms are being more careful. No qualification is small enough to be missed," said Neeraj Bhagat, CEO, Neeraj Bhagat & Co.More auditors are likely to jump ship. "Auditors do not have the wherewithal to deal with criminal proceedings initiated like in the case of IFIN and this has really spooked several mid-level executives in audit firms. Many more resignations may be rendered in during the next few months," said an audit head in one of the top six firms.The role of a joint auditor, where present, is also being questioned in the PwC cases. Why didn't the joint auditor have doubts about the accounts? The role of independent directors in these companies is also open to scrutiny — what was their position on the accounts?"For many auditors, the risk-reward ratio doesn't make sense. The regulators have to distinguish between cases where auditors are helping promoters manipulate accounts and perpetuating the fraud," said Suresh Surana, managing partner at RSM.

Prasad promises to take Broadband to masses; sees India as export hub for electronics

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NEW DELHI: Telecom and IT Minister Ravi Shankar Prasad has said that under Digital India 2, the government would take broadband to the doorsteps in rural India through a policy push and entrepreneurship ecosystem, while highlighting that the government will work proactively to make India an export hub for electronics products.Speaking to reporters on Monday, Prasad urged Indian IT companies and its apex software body Nasscom to participate in creation of 'Digital Villages' in the country, and supplement the government's efforts in the digital literacy movement."One of the priority areas I am working on is to make broadband available at your doorstep. We want to involve entrepreneurs. Just like a mobile SIM card is available in 'paan' shops, can we do something similar for broadband," Prasad said.He explained that the availability of broadband and mobiles is an essential component of Digital India, which is feeding the digital appetite of the country. "Cable operators brought television to the doors of the people, the PCO and Common Service Centre (CSC) became big movements," the minister said. "So did Business Process Outsourcing (BPO). Can we come up with an architecture backed by entrepreneurship and a good policy where broadband is available for all?" he asked.India will leverage its existing strength in electronics manufacturing and strong talent pool to position itself as an export hub for electronics products, Prasad said. On the issue of electronic manufacturing, the minister said the ministry was working on plans to make India a big export hub for electronics products."We have the human resource and qualified personnel in this area," Prasad said, adding that policy tweaks in this regard will be made soon.The minister further said efforts should be made to see how 5G and new technologies like Artificial Intelligence can be leveraged under Digital India. The government is working on creating one lakh Digital Villages, he said, and urged Nasscom and the IT industry to participate in the programme.

Boxed in by Chinese rivals, Samsung to sack 1,000 in India

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Samsung will slash about 1,000 jobs in India as the brutal war with Chinese companies forces the Korean giant to cut prices of smartphones and televisions, shaving off margins and reducing its profits, said three senior industry executives who sought anonymity.The executives said the job cuts were part of a cost rationalisation programme undertaken by the country's largest consumer electronics and mobile phone maker by revenue. Samsung has already laid off 150-odd employees at its telecom networks division and will complete the entire manpower rationalisation exercise by October, they said.A Samsung India spokesperson said the company is committed to India and continues to invest significantly across its businesses. This includes setting up the world's largest mobile phone factory, investing in R&D and exploring new businesses such as 5G networks, he said."As we grow, our efforts are leading to more job creation. At the same time, we continue to make our business more efficient and robust for long-term success. For which, Samsung continuously realigns resources as per business priorities. Samsung is committed to job creation and will add manpower through the year," the spokesperson said. 70033696 SAMSUNG INDIA HAS 20K EMPLOYEES"As regards business, with new products across categories, we have been able to consolidate our market share further, and 2019 will be a record year for the company," the Samsung India spokesperson added.As per industry estimates, Samsung has around 20,000 employees in India.Business heads have already submitted to HC Hong, the president of Indian operations, the names of under-performers and those not delivering targeted results in their teams, said people familiar with the developments. In some businesses and functions, the list makes up about 10% of the total team strength. But there is no fixed number, the executives said.Executives said the manpower rationalisation exercise will encompass sales, marketing, R&D and manufacturing, as well as support functions such as finance, human resources and corporate relations. The exercise has been endorsed by Samsung's headquarters in Seoul, with the focus now more on generating profit growth — rather than revenue — from India, they said.Samsung India had frozen recruitments since April, which will be reviewed later depending on financial performance during the upcoming festive season, the executives said.Samsung India's problems started in 2017-18, when it first reported a fall in net profit. As per the latest disclosures with the Registrar of Companies (RoC), the company's net profit in FY18 fell 10.7% to Rs 3,712 crore while total income grew at a similar pace to Rs 61,065 crore. Financials for 2018-19 are still not available with the RoC, but industry executives said profit growth has remained under strain.ONLINE CHALLENGESamsung has faltered on online smartphone sales, failing to anticipate the rapid growth clocked in this channel since 2016 by brands like Xiaomi and OnePlus. The story was repeated for televisions from end-2017 onward. The online channel currently accounts for 40% of total smartphone sales and 30% of total television sales in India.The company has dropped prices for smartphones and televisions by 25-40% since end-2017 to compete with price-aggressive Chinese rivals and online-focussed brands such as Xiaomi, OnePlus, Vivo, TCL and Realme. The maximum price cuts have been for online-exclusive smartphone models such as the Galaxy M Series and the Super6 Series of ultra-HD smart TVs launched this year."The price drops have had an impact on the bottom line. Also, the Chinese brands have far leaner organisational structures. For instance, Xiaomi India has just 900-1,000 employees. Hence, the need for Samsung's cost rationalisation exercise. The layoffs in the network division are aimed at building the team for 5G in India since they currently focus on 4G," said an executive.Analysts said Samsung has made its smartphone portfolio leaner and a full recovery will depend on consistent performance over the next few quarters.Tarun Pathak, associate director at market tracker Counterpoint Research, said Samsung India has been able to arrest the decline in smartphone market share in the January-March quarter."A lot will now depend on the performance of the Galaxy M and A Series of smartphones, and how they position these," he said.As per Counterpoint Research, Xiaomi has 43% share in online smartphone sales as of January-March, followed by Samsung at 15% and Realme at 11%. In the overall smartphone market, Xiaomi again led with 29%, Samsung at 23% and Vivo at 12%, the researcher said.Industry executives said Samsung is the largest player in the overall TV market with around 30% share. However, Xiaomi — quoting IDC data — has claimed to be the largest smart TV brand in India for four quarters with 39% share as of January-March, followed by LG at 15%, Sony at 14% and Samsung at 12%.Samsung India had last resorted to retrenchments in 2015-16, when it laid off several hundred employees after its smartphone sales slowed down owing to the challenge posed by home-grown Micromax and the Chinese brands. While the company had not shared the total number of jobs lost then, media reports had pegged the number at 750-800.

Lok Sabha passes controversial Teachers' Quota Bill

Posted: 01 Jul 2019 05:44 PM PDT

Lok Sabha passes controversial Teachers' Quota Bill
It also implies that the allocation of teaching posts for reserved categories would be done on the basis of all positions of the same level, such as assistant professor, across departments

Source: DI

Anti-Corruption Bureau to probe in Jalyukt Shivar corruption work

Posted: 01 Jul 2019 05:44 PM PDT

Anti-Corruption Bureau to probe in Jalyukt Shivar corruption work
NCP MLC Hemant Takle raised the point of order asking the slew of corruption cases in Jalyukt Shivar work.

Source: DI

Mumbai: Rain sweeps away BMC posters warning about dangerous trees

Posted: 01 Jul 2019 05:44 PM PDT

Mumbai: Rain sweeps away BMC posters warning about dangerous trees
The BMC had put up the posters to distinguish between the dangerous and non-dangerous trees

Source: DI

Mumbai: DNA reader exposes water leakages on AC locals following heavy rain

Posted: 01 Jul 2019 05:44 PM PDT

Mumbai: DNA reader exposes water leakages on AC locals following heavy rain
DNA is willing to follow up on such issues that you may encounter.

Source: DI

Gujarat Assembly session begins today, Nitin Patel to unveil modified budget

Posted: 01 Jul 2019 05:39 PM PDT

Gujarat Assembly session begins today, Nitin Patel to unveil modified budget
Session which will last till July 25 will have 16 working days, 20 sittings

Source: DI

Mayor Vishwanath Mahadeshwar fiddles as Mumbai floods

Posted: 01 Jul 2019 05:39 PM PDT

Mayor Vishwanath Mahadeshwar fiddles as Mumbai floods
Authorities play blame game as Deputy Municipal Commissioner holds Mumbaikars responsible, Mayor claims 'absolutely no waterlogging'

Source: DI

All Maharashtra roads lead to bitumen scam, PAC seeks probe

Posted: 01 Jul 2019 05:39 PM PDT

All Maharashtra roads lead to bitumen scam, PAC seeks probe
In one such case, invoices for 1,603.92 MT bitumen of Rs 6.38-cr were found to be fake

Source: DI

CBI searches 22 locations in West Bengal ponzi scam cases

Posted: 01 Jul 2019 05:39 PM PDT

CBI searches 22 locations in West Bengal ponzi scam cases
The CBI raids the residence of the managing directors and other employees of the New Land Agro Industries

Source: DI

Government rolls out plan to save water, says it will be a mass movement

Posted: 01 Jul 2019 05:38 PM PDT

Government rolls out plan to save water, says it will be a mass movement


Source: TIE

Child labour cases: trend shows decline, govt says will eradicate it

Posted: 01 Jul 2019 05:38 PM PDT

Child labour cases: trend shows decline, govt says will eradicate it


Source: TIE

Wither coalition govt in Karnataka as two more Congress MLAs resign

Posted: 01 Jul 2019 05:29 PM PDT

Wither coalition govt in Karnataka as two more Congress MLAs resign
Anand Singh, Congress MLA from Vijayanagara Constituency tendered his resignation early on Monday

Source: DI

Ashok Gehlot proposes, Rahul Gandhi disposes

Posted: 01 Jul 2019 05:29 PM PDT

Ashok Gehlot proposes, Rahul Gandhi disposes
Gandhi scion rejects Raj CM's request to stay as Congress chief

Source: DI

Inter-Parliamentarians World Cup: Politicians locked in a different turf war

Posted: 01 Jul 2019 05:28 PM PDT

Inter-Parliamentarians World Cup: Politicians locked in a different turf war


Source: TIE

Mumbai rains: Wall collapses in Malad, at least 12 dead

Posted: 01 Jul 2019 05:19 PM PDT

Mumbai rains: Wall collapses in Malad, at least 12 dead
NDRF team is carrying out rescue work.

Source: DI

Delhi's power demand touches 7,241 MW, breaks all records

Posted: 01 Jul 2019 05:19 PM PDT

Delhi's power demand touches 7,241 MW, breaks all records
It broke the previous record of 7016 MW recorded on July 10, 2018

Source: DI

Virat dilemma: Whom to play where and why?

Posted: 01 Jul 2019 05:18 PM PDT

Virat dilemma: Whom to play where and why?


Source: TIE

Gujarat High Court saves man from gallows, sends him to prison for 30 years

Posted: 01 Jul 2019 05:10 PM PDT

Gujarat High Court saves man from gallows, sends him to prison for 30 years
As per the case details, the incident dates back to June 15, 2012

Source: DI

New species of scorpion discovered in Maharashtra

Posted: 01 Jul 2019 05:10 PM PDT

New species of scorpion discovered in Maharashtra
Meet Vinchu: Arachnid found in biodiversity-rich Amboli has been named Hottentotta Vinchu

Source: DI

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