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US to revoke visas of Saudi officials implicated in death of Jamal Khashoggi

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journalist Jamal Khashoggi

BREAKING: The United State to revoke visas of some Saudi officials implicated in death of Washington Post writer Jamal Khashoggi.

Pompeo also said during a press conference that the State and Treasury departments are looking at the possibility of sanctions meant to target those responsible for human rights violations.

The announcement comes after President Trump called the kingdom’s efforts to hide Khashoggi’s killing inside the Saudi consulate in Istanbul the “worst cover-up ever,” stepping up his rhetoric as frustrations directed at Riyadh grow.

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Lady Gaga slams Donald Trump for government shutdown

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Lady Gaga US President Donald Trump
Lady Gaga and US President Donald Trump (File Photo)

Las Vegas, Jan 21: Singer Lady Gaga has slammed US President Donald Trump for the ongoing government shutdown.

During her show here, Gaga took out a moment to criticise Trump and urged him to put the government back in business, reports variety.com.

“And that the f****ng president of the United States could please put our government back in business. There are people who live paycheck to paycheck and need their money.”

The “A Star is Born” actor then called out Vice President Mike Pence, whose wife Karen is under fire for accepting a job at a school that excludes the LGBTQ community.

She said: “And to Pence, who thinks it’s acceptable that his wife work at a school that bans LGBTQ, you are wrong. You say we should not discriminate against Christianity; you are the worst representation of what it means to be a Christian.

“I am a Christian woman and what I do know about Christianity is that we bear no prejudice and everybody is welcome. So you can take all that disgrace Mr. Pence and you can look yourself in the mirror and you’ll find it right there.”

The government closed on December 22, 2018 after Trump was refused funding for a southern border wall.

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Most millennials unhappy with Donald Trump: Survey

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Donald Trump Trade War
US President Donald Trump (File Photo)

New York, Jan 17: Over 60 per cent of millennials in the US are unhappy with President Donald Trump, and only 37 per cent view him favourably, a new survey has revealed.

Conducted by the University of Massachusetts-Lowell, the survey looked at opinions of 1,000 Americans aged 18 to 37.

Trump’s performance was rated on key issues like gun control, immigration policies and possible 2020 presidential candidates.

Nearly 70 per cent do not approve of Trump’s behaviour on Twitter saying that he tweets too much.

“Republican millennials like Trump and like the job he’s doing as president, but two-fifth of them want the president to tweet less,” said John Cluverius, Assistant Professor at the varsity..

“It goes to show that even among his staunchest supporters, there’s concern about the President’s personal approach to the office,” Cluverius said.

On the issue of gun control, 60 per cent expressed support for increasing restrictions on the purchase and carrying of firearms, while 21 per cent said the current restrictions were enough as 18 per cent even favoured fewer restrictions.

On immigration, millennials demonstrate far less liberal attitudes than on the other issues.

The poll also asked millennials about potential 2020 presidential candidates. On that, 54 per cent said they will support whoever the Democratic nominee be, compared to 27 per cent who said they would vote for Trump.

Joe Biden and Bernie Sanders were the most liked politicians by the millennials.

“Young Americans continue to be sceptical, pessimistic and disillusioned by the state of the country and its future course, and more than any previous generation of young Americans, they identify very strongly with the Democratic party,” Cluverius noted.

The poll has also revealed that although millennials make up almost half of the total users on Twitter and Facebook, only 37 per cent view these social media platforms favourably, while 50 per cent view it unfavourably.

“Younger millennials may be switching to platforms like Instagram and Snapchat, but I think this finding reinforces the idea that while lots of people use these services, they don’t make people happy,” Cluverius said.

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RBI cautions government over NPA spike in MUDRA loans

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New Delhi, Jan 13 The Reserve Bank of India (RBI) has raised a red-flag on the spike in non-performing assets (NPAs) under the government’s flagship scheme to support micro enterprises in the country — the Pradhan Mantri Mudra Yojana.

According to Finance Ministry sources, RBI has cautioned the ministry that the scheme might turn-out to be the next big source of NPAs, which have plagued the banking system.

The central bank has flagged that bad loans under PMMY have risen to Rs 11,000 crore.

As per the annual report of PMMY, 2017-18, total disbursements under the scheme stood at Rs 2.46 trillion in FY 18.

Out of this, 40 per cent were disbursed to women entrepreneurs and 33 per cent to social categories. More than 4.81 crore micro borrowers have benefited through PMMY during the year FY2017-18.

The PMMY was launched on April 8, 2015. Under the scheme, banks are required to finance micro and small entrepreneurs for up to Rs 10 lakh. Loans can be granted under three categories – up to Rs 50,000 under ‘Shishu’; Rs 50,001-Rs 5 lakh under ‘Kishore’ and between Rs 5,00,001 and Rs 10 lakh under ‘Tarun’ category.

In addition, RBI’s caution comes at a time when the country’s financial system in reeling under sevier stress due to the IL&FS crisis which continues to hurt banks with impairments, the most recent case being IndusInd Bank.

On January 9, IndusInd Bank in its latest quarterly earnings result statement without naming the IL&FS Group, said: “Advances granted to various companies and SPVs belonging to a Group in the infrastructure sector against certain identified cash flows and pertaining to specific assets are ‘Standard’ as at December 31, 2018 on the basis of the conduct of the accounts till date.

“Since October 1, 2018, certain governance and management changes have taken place in the Group and measures to turn it around through a Resolution Plan are underway.”

The bank said it was monitoring the developments and implications of the ‘Resolution Plan’.

“In the interim, as a prudential measure, the bank has made a contingent provision of Rs 255 crore on these ‘Standard’ assets during the quarter ended on December 31, 2018, in addition to an amount of Rs 275 crore made during the quarter ended on September 30, 2018. Total provisions attributable to this exposure is Rs 600 crore,” the statement added.

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