News
- At the Republic Summit, Prime Minister Narendra Modi stated that "for the first time, the poor have got security and dignity". Further, he said "Till 2014, somehow we became a $2 trillion economy and that took 60 years. In just 9 years of our government, we have reached $3.5 trillion." Speaking on MUDRA yojana, the PM said, "It was started to give financial support to Micro and Small entrepreneurs. Under this scheme, more than 40 crore loans were disbursed, and out of this 70% were women. The first impact of this yojana is an increase in self-employment."
- In a shocking incident in Kerala's Thrissur, an eight years old girl lost her life to a mobile explosion while she was watching a video on her mobile phone. Initial reports suggest that the phone was a Chinese company brand.
- Grammy-winning rapper Pras Michel was convicted of federal offences for money laundering and acting as an unregistered agent of China. He funnelled money from an alleged China-based Malaysian financier, through donors to Barack Obama's 2012 reelection campaign. During the Trump administration, he was also trying to quash a Justice Department investigation and influence extradition on behalf of China.
- India's Reliance's Viacom18 has struck a deal with Warner Bros Discovery for streaming Hollywood content on its JioCinema platform. This will bring HBO Original, Max Original and Warner Bros. Television content to the JioCinema platform. It is important to note that the JioCinema is digitally streaming the world's biggest and most popular cricket league - Indian Premier League(IPL) for free in India.
- Australia will overhaul its immigration system to speed up getting skilled workers into the country and smoothening the path to permanent residency. The federal government has said the current points test system will be modified to identify people with the right skill sets. The government said that Temporary skilled visa holders will be able to apply for permanent residency by the end of this year.