Category: News & Politics

Dream11-Investment-Ahead-Of-IPL

Dream11 Lists $550MN Investment Ahead Of IPL

Deam11, the Mumbai-based fantasy gaming startup, is raising fresh funds to the tune of $500 MN. And it is expected to get the funds before the Indian Premier League starts. Tiger Global could become its largest investor so far.

Dream11 funding

According to an unconfirmed report, Tiger Global would buy new as well as secondary shares from the company’s existing shareholders like Kalaari Capital, Think investment and private equity firm Multiples. But Dream11 is tightlipped over the investment.

Previous year, its founder BhavitSheth its user base had increased at CGAR of 230%. He further said that during IPL 2018, the company had 1MN concurrent users and that the expected to the users would increase to 2-3MN in the 2019.

Dream11 history

Harsh Jain and BhavitSheth founded Dream11 in 2008 with the aim of offering games of skills in cricket, football, kabaddi and National Basketball Association (NBA). The company was growing fast but its owners said that they wanted to focus only on Indian market.

Jain said that the company attempted to capture overseas markets like the US but it was found that any attempt … Read the rest

INDIA-POLITICS-RIGHTS-UNREST

European Union Passes Six Resolutions Against CAA And Kashmir Ahead of PM Modi’s Visit

As India PM Narendra Modi’s gears up for the India-EU summit in Brussels in March, there is a big backlash from European Parliament (EU) on the Citizenship Amendment Act (CAA) and the clampdown on Jammu and Kashmir.

EU backlash on CAA and J&K

EU parliament had six resolutions by 626 from 751 members on the CAA and J&K. But their bigger concern was CAA as they are of the opinion that the controversial citizenship law could create the largest statelessness crisis in the world. But the Indian government refuted the resolutions by calling both the issues as internal matters of the country. Also, the government assured that acts were adopted with due process of the law.

EU groups that moved the resolutions

  1. Progressive Alliance of Socialists and Democrats
  2. The European People’s Party (Christian Democrats)
  3. European United Left and Nordic Green Left
  4. Greens/European Free Alliance
  5. Conservatives and Reformists
  6. The Renew Europe Group

While the first group denounced the fact that India had incorporated religious criteria into its naturalization and refugee policies, the second group expressed its concern over negative image of internal stability in India due to CAA consequences.

India’s reaction

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Donald-Trump-With-Imran-Khan

Donald Trump With Imran Khan Offers “Help” On Kashmir

US President Donald Trump again made the offer to “help” on Kashmir. It was the fourth time that he made this offer despite repeated refusals from New Delhi. Pakistan Prime Minister Imran Khan was standing at the side of Trump while Trump offered help.

Trump repeated his offer to help

Donald Trump was addressing the media on his visit to World Economic Forum at Davos, Switzerland. With Pakistan Prime Minister Imran Khan at his side, he said that he was talking about Kashmir and with relation to what was going on with Pakistan and India.

President Trump is visiting India within a few weeks. When asked whether he would visit Pakistan on the way to India he said that he won’t have to. He further said that had a great relationship with India and Pakistan.

Imran Khan on help offered by Trump

Pakistan PM Imran Khan said that there were issues that he wanted to talk about. He gave example of Afghanistan. Also, he said that India was a big issue. He hoped that the US would play its part to solve the issues because no one could.

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Bihar-Makes-16351-KM-Long-Human-Chain

Bihar Makes 16,351 KM Long Human Chain With 4.27 Crore People For Jal-Jeevan-Hariyali

Bihar Chief Minister Nitish Kumarwill make a Guinness Book record by making a human chain stretching 16,351 km and reaching all over Bihar. A total of 4.27 crore people are expected to take part in the human chain process

Bihar human chain for environment

This human chain will in support of the pro-environment conservation efforts of the Bihar government. The efforts are to impede the climate change with the name of “Jal-Jeevan-Hariyali”. But it isn’t the first time that a human chain is attempted. In the first attempt, 2 crore people made a 11,292 km long human-chain in 2017. The second time a human chain was made in 2017 when 4 crore people made a 14,000 km long chain in 2018.

Greenery in Bihar

The state has only 4% of land under forest cover but it wants to improve its forest land up to 33%. And the government has a budget of Rs. 24,500 crore for the “Jal-Jeevan-Hariyali” project aimed at bolstering forest and water resources mandatory for all forms of life. The government has sanctioned 19 crore from the fund for this project.

The Bihar human chain

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The-US-China-Took-First-Concrete-Step-Towards-Defusing-Trade-War

The US-China Took First Concrete Step Towards Defusing Trade War

The United States and China signed a trade truce after nearly two decades of conflict. This truce came as a big breather for the global businesses that had been suffering losses due to the trade war between the two dominant economic powers of the world.

The US-China trade deal

Beijing would import an additional $200 billion in US products over two years and it would include additional $32 billion in agricultural goods. The current import would be bigger than the purchases of 2017 before Trump launched an offensive on China.

The trade war resulted in soyabeen exports to China reducing to only $3 billion from $12 billion in 2017. Due to the export slump, the Trump administration had to pay $28 billion to farmers as aid in the last two years. But leading economists are questioning whether the US farmers would be able to meet the growing demand for soyabeen.

Twice-yearly dialogue process is also restored in the deal. Previous US administration used to conduct the dialogue regularly before Trump scrapped the process.

Trump said the deal was momentous

US President Donald Trump said that … Read the rest

Third-Time-China-Fails-To-Discuss-JK-At-UNSC

Third Time China Fails To Discuss J&K At UNSC

Pakistan once again failed to raise the Kashmir issue at the UN Security Council meeting even with the help of China. Respected member states of the world body said that that was not the right place to discuss the issue.

China made the fresh pitch for Pakistan

Backed by its all-weather ally China, Pakistan hoped to highlight the Kashmir issue at the world forum but all its efforts were downplayed by the world leaders that still consider a bilateral issue between India and Pakistan.

On Wednesday, China made the third attempt since August to drag Kashmir to the world forum under “other matters” during closed consultations in the Security Council Consultations Room but the world leaders sabotaged the attempt citing different reasons.

A top European diplomat called Kashmir a domestic affair and said that it should be resolved bilaterally. Another European official said that the talks were informal and described the discussion as a low-key affair.

China’s reaction to Kashmir talk

Chinese Ambassador Zhang Jun said that that had a meeting on Kashmir and that he was sure that world knows that Foreign Minister of … Read the rest