Padmanabhan committee report

Representative image. The Internet and Mobile Association of India (IAMAI) on June 21 announced the formation of a Venture Capital (VC) Committee with marquee venture funds like Sequoia India, SoftBank, and Multiples Alternate Asset Management, among others as members. The new committee will work on public policy consultations, stakeholder engagement, ecosystem enhancement, and building a strong industry network for VC firms. In a press release, the not-for-profit industry body also said the committee will help in highlighting sector-specific challenges faced by portfolio companies of the member VC firms. Established in 2004, IAMAI is a not-for-profit industry body representing the digital services industry with over 400 Indian and multinational corporations as its members. IAMAI, in the release, informed that Vikas Agnihotri, Operating Partner at SoftBank Investment Advisers will chair the VC Committee and Shweta Rajpal Kohli, Chief Public Policy Officer of Sequoia … [Read more...] about Sequoia India, SoftBank, others join IAMAI-launched Venture Capital Committee

Share to Twitter Share to Linkedin Topline Federal law enforcement agents on Wednesday searched the home of Trump-era Department of Justice lawyer Jeffrey Clark, whose push to pursue shaky voter fraud allegations following the 2020 election caused uproar at the DOJ—and drew intense scrutiny from the House January 6 committee Thursday. Key Facts Clark confirmed the search in a Thursday night interview with Tucker Carlson, telling the Fox News host about a dozen federal agents visited his home at 7 a.m. Wednesday and spent over three hours searching his house and removing electronics. It’s not clear why federal agencies searched Clark’s suburban Virginia home, but unnamed sources told the New York Times the search was tied to the DOJ’s probe into attempts to reverse former President Donald Trump’s 2020 election loss. William Miller, a spokesperson for the U.S. Attorney’s office in D.C., told Forbes “there was law enforcement activity” … [Read more...] about Feds Search Trump DOJ Official Jeffrey Clark’s Home

Share to Twitter Share to Linkedin Topline A World Health Organization emergency committee will meet Thursday to decide whether the monkeypox outbreak constitutes a public health emergency of international concern (PHEIC), a major test for the agency after it was widely criticized for how it handled the early stages of the Covid-19 pandemic. Key Facts A PHEIC is the WHO’s highest alert level under international law and is declared by the Director-General on the advice of an expert committee. The purpose is to raise public awareness and sound the alarm for governments to take steps to contain an outbreak, as well as provide guidance on what measures they should take to do so. In deciding whether the monkeypox outbreak merits a PHEIC designation, the group will assess it against three criteria : if it is serious, sudden, unusual or unexpected, if it has potential for international spread and if it requires a coordinated global response. … [Read more...] about WHO Calls Urgent Meeting Over Whether Monkeypox Outbreak Signals International Emergency

The abortion debate has become a major focus in the midterms after a leaked draft decision from the Supreme Court indicated Roe v. Wade will be overturned. “[Democrats are] gonna use every single dirty trick in the book, so I do think that we should be a little more on the offensive,” Carson Steelman, press secretary for Heritage Action, told The Daily Caller News Foundation. Multiple Republicans in battleground states have emphasized that little will change in their state if Roe was thrown out, while Democrats have argued the opposite. Both Republicans and Democrats have been forced to reconfigure their election strategies only six months before the midterms due to the unprecedented leak from the Supreme Court indicating Roe v. Wade will be overturned. Many Democrats have made clear they intend to hammer opponents across the aisle on the implications of Roe being overturned and while Republicans have celebrated the decision, several have largely focused on the leak … [Read more...] about Roe V. Wade Has Completely Transformed The Midterms – Here’s How

The Taegeukgi, or Korean national flag, and the Samsung Electronics flag fly outside the company’s office in Seocho District, southern Seoul. [JOINT PRESS CORPS] Comments on a recent YouTube video featuring Samsung Electronics Vice Chairman Lee Jae-yong conjure up thoughts of comment sections under popular K-pop music videos. With over 10,000 comments, many flocked to praise Lee for welcoming U.S. President Joe Biden during his visit to Korea in fluent English, calling the 54-year-old businessman the “pride of Korea” and “a true patriot.” But in another alley, called the civic group community, Lee, son of late Samsung Electronics Chairman Lee Kun-hee, is labelled an aggressor, disrupting the country’s order and legal system due to his history of violating the law. Samsung Electronics Vice Chairman Lee Jae-yong shakes hands with U.S. President Joe Biden on May 20 at the company's chip plant in Pyeongtaek, Gyeonggi. [YONHAP] The contrasting views over just one person … [Read more...] about [WHY] Koreans’ love-hate relationship with Samsung

MSNBC host Joy Reid lambasted the Justice Department Wednesday night over the indictment of former Democratic gubernatorial candidate Andrew Gillum on multiple counts of fraud. “As a taxpayer and as a citizen, if what we get out of four years of this attorney general and this Department of Justice is Andrew Gillum, getting illicit ‘Hamilton’ tickets and search, if that’s what we’re paying for, we’re paying too much for the Department of Justice,” Reid said on “The ReidOut.” (RELATED: ‘That’s Her Scam’: Gutfeld Says MSNBC Is ‘Terrified’ Of Firing Joy Reid Because She Will Cry Racism) WATCH: A federal grand jury issued a 21-count indictment on June 7, charging Gillum with 19 counts of wire fraud, one count of conspiracy and with misleading the FBI during a corruption investigation that covered both his 2018 gubernatorial campaign and his service as mayor of Tallahassee. Reid alluded to reported claims that Donald Trump supposedly committed fraud while sending … [Read more...] about MSNBC Host Blasts DOJ Over Arrest Of Former Democratic Gov Candidate

The Insolvency and Bankruptcy Board of India ’s (IBBI) suggested changes to liquidation regulations, if implemented, could help banks maximise recoveries in a time-bound manner, said at least six bankers and legal experts Moneycontrol spoke to on June 23. “The proposed amendments are possibly a solution to practical difficulties faced in the liquidation regime and the failure to achieve the timelines,” said Sushmita Gandhi, partner, IndusLaw. “It is a genuine attempt to fill those gaps to work out a comparatively efficacious regime.” “The amendments hold a strong potential for reducing banks’ haircuts by imposing stricter timelines for the completion of the liquidation process,” Gandhi added. Liquidation is the process of monetising a company’s assets, and using those funds to repay the company’s debts. The liquidation process starts in case the insolvency resolution process fails or the committee of creditors (CoC) decides to liquidate the company at any time during the … [Read more...] about IBBI’s proposed amendments to liquidation regulations may help banks streamline recovery process, say experts

Vice President-elect Sara Duterte | REUTERS/Lisa Marie David One of the big problems that Vice President-elect Sara Duterte will have to tackle as the incoming education secretary is the worsening learning poverty among children, who at age 10 still can’t read simple texts and who continue to reel from the impact of school closures and the decline in the quality of education caused by the COVID-19 pandemic. According to “The State of Global Learning Poverty: 2022 Update” report released on June 23, “learning poverty has increased by a third in low- and middle-income countries, with an estimated 70 percent of 10-year-olds unable to understand a simple written text.” The report was jointly published by the World Bank (WB), the United Nations Educational, Scientific and Cultural Organization, the UN Children’s Fund, the UK government’s Foreign Commonwealth and Development Office, the US Agency for International Development and Bill and Melinda Gates Foundation. Potential losses … [Read more...] about Sara Duterte’s assignment: Woeful WB findings on PH pupils

KABUL (Reuters) - A devastating earthquake in eastern Afghanistan, which killed at least 1,000 people and flattened homes in remote villages close to the Pakistani border, poses the biggest challenge yet for the Taliban since they seized power nearly a year ago. The hardline Islamist group is governing an impoverished country beset by severe drought, widespread hunger and economic crisis and where the effects of decades of conflict are still keenly felt. A regional offshoot of Islamic State has also claimed several major attacks, challenging Taliban promises to bring peace and stability to Afghanistan once it had defeated Western-backed troops and forced NATO soldiers to withdraw. Now the earthquake risks exposing the limitations of an administration largely isolated from the outside world and desperately short of cash and resources. While humanitarian assistance continues to flow, aid needed for longer-term development in Afghanistan was halted when the Taliban stormed … [Read more...] about Analysis-Taliban’s isolation makes Afghan earthquake response harder

KUALA LUMPUR: The High Court was told that the first version of an audit report on 1Malaysia Development Bhd (1MDB) dubbed "Watermark 09" would have been submitted to the Public Accounts Committee (PAC) if it was not for a meeting held on Feb 24, 2016. This was testified by former 1MDB CEO Arul Kanda Kandasamy, 46, in the 1MDB audit tampering trial involving him and former prime minister Datuk Seri Najib Razak here on Friday (June 24). ALSO READ: Arul Kanda takes the stand in 1MDB audit tampering trial on June 24 In an examination-in-chief, lead prosecutor Datuk Seri Gopal Sri Ram told the co-accused-turned-witness that there was evidence from other witnesses who testified in the trial that Watermark 09 would have gone to the PAC had it not been for the Feb 24 meeting. Sri Ram: You were in court listening to that evidence. Arul Kanda: Yes. Sri Ram: Do you agree with that evidence? Arul Kanda: Yes. The court had previously heard of the Feb 24 'coordination meeting' … [Read more...] about 1MDB audit tampering trial: ‘Watermark 09’ not submitted to PAC due to meeting, says Arul Kanda