Amit Panghal Is The First Indian Boxer To Enter Men’s World Championships Final

Amit Panghal created history by entering the final round of men’s World Championships in Ekaterinburg, Russia. He defeated Kazakhstan’s SakenBibbisinov by split decision (3-2) in the semi-final of the flyweight (48kg-52kg) division.

Gold medal round for Phangal

Amit Panghal will take on ShakhobidinZoirov of Uzbekistan. He has been Rio Olympic champion in 52 kg category and has defeated BillalBennama of France in the semifinal category. It is the first time when Panghal will meet Zoirov.

Bronze medal for India

In another match, Manish Kaushik settled for a bronze medal after losing the game the reigning world champion, Andy Gomez Cruz of Cuba. He lost the lightweight (57kg-63kg) match by unanimous decision (5-0).

But both the boxers have qualified for the upcoming Olympic qualifier in Wuhan, China. The Boxing Federation of India (BFI) has already announced that boxers with medals at the Worlds will be automatic choice for Olympic qualifiers.

What does this feat mean to India?

Amit Panghal and Manish Kaushik gave India immense hope as the country had never won more than a single bronze in the previous tournaments. With his bronze, Manish Kaushik became the fifth Indian boxer after Vijender Singh (2009), Vikas Krishan (2011), Shiva Thapa (2015) and Gaurav Biduri (2017) wo win a bronze. It was the first appearance of Manish Kaushik at the Worlds but Amit Panghal was a quarter finalist in the previous edition of (2017). Manish Kaushik, the Bhiwani boy, gave exemplary performance of his boxing skills during his final bout with the reigning champion.

Source:https://bit.ly/2kLA1Rz

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Sensex Jumped to 1.921 Points In Response To Government’s Tax Cuts

Friday 20, September was a big day for the Dalal Street investors that experienced the biggest jump of 1,921 points on the last trading day. The Sensex closed at 38,014 points making the investors richer by 7.1 lakh crore. The jump soared the BSE’s market capitalization to 145 lakh crores. Also, the market cap has crossed $2-trillion mark.

What measures did the government announce?

Union Finance Minister Nirmala Sitharaman announced tax cuts for corporate companies in the radical changes in taxation rules. And the ripples of the tax cuts were felt across the industry. According to industry experts, the changes could boost profit of corporate companies by about 6-7% on an average. Also, some rule changes could attract foreign capital leading to employment opportunities for unemployed youth.

Here’s how the industry reacted to the tax cuts

DSP Investment Managers – the move would enhance corporate profitability and make Indian companies more competitive to global businesses.

Broking houses – NSE’s top 500 companies would see a boost in profit and India shares would attract foreign funds.

Yes Securities – combined net profit of NSE 500 companies will rise by about 12% up from 5% earlier.

Credit Suisse – consumer companies would be the biggest gainer from the tax cuts.

K R Choksey Securities – banks will game with HDFC, ICICI and IndusInd Bank would lead.

Biggest gainer of the day

HDFC emerged as the biggest gainer with 9.1% jump. The second biggest gainers are Reliance Industries and ICICI Bank. Among the laggards were Infosys, TCS and BSE.

Source: https://bit.ly/2kLRHMS

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Mark Zuckerberg Grilled On A Private Dinner With President Trump And US Lawmakers

Facebook chief executive officer Mark Zuckerberg went to Oval office to meet US President Donald Trump and other lawmakers to discuss the future Internet regulations. Trump shared a picture of him shaking hands with Zuckerberg but provided no details of the meeting.

Trump-Zuckerberg meeting

Concerned about competition, digital privacy, censorship and transparency in political advertising especially in the run up to the presidential election, Trump called Zuckerberg to his Oval office to put the view of social media company about the issues it is facing.

What issues Facebook is facing?

Recently a Senate panel asked executives of Facebook, Google and Twitter to appear before it and answer the questions related to digital responsibility in the wake of online violence and extremism.

The US Federal Trade Commission has already fined Facebook $5 billion in a wide-ranging settlement to strengthen privacy controls and oversight at the social network.

Mark Zuckerberg’s stand

It was a private dinner after the Senate appearance and grilling of Facebook chief for data protection and privacy missteps leading to heavy fine on Zuckerberg. The Facebook chief had dinner with Mark Warner and other lawmakers. Zuckerberg appeared cool and answered to all the questions raised by US lawmakers.

US lawmakers raised serious issues

Senate Democrat Mark Warner who was frontrunner in leading Washington on digital security hinted that they provide Zuckerberg ample time to clear his stand on serious issues.

Another Senator Josh Hawley, a Republican freshman was more critical of Facebook. He challenged Zuckerberg to prove his seriousness by taking two steps a) sell WhatsApp & Instagram and b) submit to independent third-party audit censorship. Zuckerberg’s answer to both the questions was NO. … Read the rest

Redmi 8A With 5000mAH Battery Will Be Unveiled On September 25

Xiaomi announced launch of Redmi 8A in India on September 25. It has set up an event page on its official website to advertise the upcoming Smartphone that is seen as an upgrade from the Redmi 7A launched in May this year.

Redmi 8A from the official event page of Xiaomi

The new phone would sport a 5000 mAH battery that is a huge upgrade from its processor 7A that comes with a 4000 mAH battery. Also, the battery would have fast charging that is an added advantage. Other features of the phone include aura wave grip for a great hand feel advance cameras for taking pictures like a pro.The images on the official event page of the phone show a notched display a thick chin and small bezels.

Redmi 8A features

  • Display: 6.2” HD+
  • Processor: 2.0 GHz octa-core
  • Internal Memory: 2GB, 3GB, 4GB/16GB, 32GB, 64GB
  • Main Camera: 12MP
  • Selfie Camera: 8MP

It is necessary to mention that the features described above are expected features because the Xiaomi event page is silent on the description of the phone. The features are collected from another site TENAA. It is only when the company unveils the phone that the world would come to know about the features.

Source: https://bit.ly/2m1qTbH

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Only The Tel Aviv Stock Market Celebrates Israel Election Results

Israel election results indicate formation of a Unity Government but there are mixed views on the formation and durability of a coalition between rival parties. But the country is seeing a good start with President Netanyahu inviting Kachol Levan leader Benny Gantz for talks.

Results

  • KaholLavan won 32 out of 120 Knesset seats
  • Likud captured 31 but Netanyahu’s bloc comprising of right-wing and ultra-Orthodox parties presently stands at 55 seats
  • The centre-left bloc has 56 seats

What is the likely outcome of these results?

Since no party has a majority to form a government, there are more chances of a unity government. Also, Netanyahu has already started the dialogue to come to terms with others and work together. He has invited Gantz for talks to chalk out a plan for forming a government.  

What economists have to say about government formation?

It is good news for economy because a unity government would be less susceptible to coalition demands from small parties and narrow sectoral interests of mean politicians. Economists favour a unity government because it would be able to take structural reforms and hold on policies of recent years. They further said that a strong government would have little difficulty in announcing fiscal adjustments needed for 2020 budget.

How is stock market responding to unity government?

The Tel Aviv Stock Exchange rose on Wednesday after the results are out. The benchmark TA-35 and TA-125 indices both posted gains of about 0.5% while the banking index surged 2.3% higher. Also, prices for medium and long term government bonds recorded an increase of 0.9%.

What others have to say about Unity Government?

But there are people … Read the rest

Could World Test Championship Revive Test Cricket?

The International Cricket Council almost removed ODIs from the newly released the Future Tours Programme (FTP) for the cycle till 2022. The new FTP has limited the maximum number of ODIs in bilateral series to three but the number of T20s has been shot up.

Highlights of FTP

Revival of ODIs

ICC has been aggressive in its approach to promote T20s but it says that the new format would help in globalizing the sport. Presently, ICC is putting little focus on ODIs but the popular format could see resurgence before the 2023 World Cup. Also, ICC has suggested a minimum number of games format to make a new qualification system. But ICC won’t interfere in bilateral series played between two countries.

Test Cricket and World Test Championship

Starting World Test Championship is a great idea but it is still at its nascent stage. But ICC is trying to find a solution to questions like number of matches played and point system. The latter issue is raised in the Ashes series between India and West Indies where people accused ICC of disparity.

Uniformity in cricket

ICC stands for uniformity but the present FTP puts more focus on T20 and Test Cricket. The world body hops to make the next FTP more uniform than the present.

Source: https://bit.ly/2kIkFx8

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Xi Jinping Won’t Discuss Kashmir With Modi

Chinese President Xi Jinping will meet Prime Minister Narendra Modi during his visit to India in October but they won’t talk Kashmir. The dates of meeting are yet to be finalized but both the countries agree that it would be an informal meeting without aides.

Conclusion from the last meeting

The two leaders met in Wuhan last year but the meeting remained informal. They discussed strategic matters that are of bigger importance instead of concentrating their talks on one or two specific issues especially Kashmir.

Chinese stand on Kashmir

China raised the issue of Kashmir in United Nations but Kashmir has never been an issue between India and China. The leaders met last year but didn’t discuss Kashmir. They will again meet in October and discuss strategic issues only.

Belt and Road Initiative

Xi Jinping is likely to push his Belt and Road Initiative during his talks with India. Chinese government wants India to be a partner country in its road initiatives. Also, the Chinese government would discuss measures that can help in safeguarding peace and stability in the border areas. The Chinese government promised that there would be no hidden agenda and the meeting would be a start of trust building.

Source: https://bit.ly/2kGfBt8

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Boris Johnson’s Heckled Luxembourg Visit For Brexit

Britain’s Prime Minister Boris Johnson had to face a perplexing situation during his recent visit to Luxembourg. He was there to negotiate a Brexit deal that he claimed was in his mind but EU said otherwise. They said Britain offered no deal to EU.

Lunch with EU President

The British Premier joined European Commission president Jean-Claude Juncker for lunch at the Bouquet Garni restaurant. But he was heckled by hundreds of Britons from the beginning of his trip.

A group of retirees living in Luxembourg welcomed Johnson in Luxembourg with slogans and banners reading Fascist, Stop the coup, Tell the truth and Shame on Boris. But the situation at the restaurant was more difficult to handle.

A group of approximately 50 protestors was present at the restaurant gate to shame the British PM for his unwelcome exit from EU. The scene created at the restaurant forced Boris to leave without addressing the gathering.

Media briefing cancelled

Boris Johnson was to meet journalists at the restaurant but he cut short his visit citing the unruly mob as the reason behind his exit from the restaurant. But Luxembourg later addressed the protestors and raised questions regarding Britain’s un-ceremonial exit from EU. The crowd cheered to his voice.

Brexit and Boris Johnson Britain is set to exit EU on October 31 with or without deal. But Boris is hopeful of negotiating a deal with EU. On the other hand the EU president is of the opinion that Britain must come with an deal acceptable to the EU.

Source: https://bit.ly/2lYoqhU

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Narendra Modi Visits Gujrat On His 69th Birthday

PM Narendra Modi turns 69 today. Last year, he celebrated his birthday with school children of his constituency Varanasi. But this year, he’s in Gujrat to pay tribute to Sardar Vallabhbhai Patel and inaugurate Namami Narmade Mahotsav.

Visit to the Statue of Unity

Narendra Modi visited the statue he inaugurated on the birth anniversary of Sardar Patel last year. There he paid tributes to the Iron Man of India and shared pictures of the jungle safari and cactus garden on social media. He praised the statue in his tweets and video.

Namami Narmade Mahotsav

PM Modi along with Gujrat CM Vijay Rupani came to the Narmada dam, he inaugurated in 2017 and offered prayers to river Narmada to mark the beginning of the NamamiNarmade Mahotsav.

Narmada dam would provide potable water to 131 urban centers and 9,633 villages that is 53% of Gujrat. Also, the dam would provide irrigation facility to 18.54 hectares, covering 3,112 villages in 15 districts of the state.

Visit to Duttatreya Mandir Later PM Modi visited the Duttatreya Mandir in Garudeshwar village and a children’s park. Finally, he addressed a public meeting at Kevadia, a town approximately 200 km from the state capital Ahmedabad

Source: https://bit.ly/2kpQ6Mu

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Mystery Behind The Death Of Ric Ocasek Of The Cars

Today’s latest trending news is about the sad demise of Ric Ocasek, lead singer of The Cars, a famous Boston band of mid 70s. He was 75 and survived by his wife, the model Paulina Porizkova, and six sons.

Music career of Ric Ocasek

He formed The Cars with his high school friend Benjamin Orr in the mid-1970s in the Boston. They merged guitar rock with synthesizer-based pop and give hits like What I Needed, My Best Friend’s Girl and Good Times Roll.

The turning point in his life came in 1984 when he performed to get Live Aid for the Ethiopian famine. He used ballad Dive for background music to support footage of the famine.

Breakup of the band

In 1980s, Ocasek started his solo-journey as a producer for artist that include Weezer, Bad Religion and No Doubt. Benzamine Orr, the founding member of the band, died in 1980 from pancreatic cancer.

Reformation of the band

Ric Ocasek reformed his band by bringing the remaining members of The Cars together and produced the final album that got him Rock and Roll Hall of Fame in 2018. Ocasek was found unresponsive in his Manhattan home. His family members informed the police after that is yet to ascertain the cause of his death.

Source: https://bbc.in/2kjC66V

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