- A + A (June 23): Opposition politicians in Singapore won’t support the government’s plan to proceed with a goods and services tax (GST) hike amid inflationary concerns. The Workers’ Party on Wednesday (June 22) said it “cannot support” the decision to raise the consumption-based tax and will “continue to argue” against any proposed increase. The statement, posted on the party’s Facebook page, came after Deputy Prime Minister Lawrence Wong said the timing of the tiered tax hike won’t be revised despite concerns over mounting price pressures. The tax is set to rise to 8% from 7% in January next year and then to 9% in 2024. Inflation in the trade-reliant business hub has surged, leading the Monetary Authority of Singapore to tighten monetary policy three times in the past eight months. The core inflation print for May, to be announced on Thursday, is expected to climb further from a decade-high of 3.3% in April, according to a Bloomberg survey. Earlier this … [Read more...] about Singapore opposition politicians won’t support GST hike plans
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Iraq’s most powerful politician has just caused a ‘tectonic shift’
A version of this story first appeared in CNN's Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region's biggest stories. Sign up here . Cairo, Egypt (CNN) After eight months of political paralysis, the kingmaker of Iraqi politics has ordered his bloc to withdraw from parliament. The stepdown of Shiite Muslim cleric Moqtada al-Sadr's entire group of 73 lawmakers is the largest shakeup in Iraqi politics since an October election saw Iran-backed Shiite blocs l osing seats to the Sadrists . The Sadrists now appear to have stepped back from parliamentary politics. "This is a tectonic shift that threatens to derail the post-2003 political order in its entirety," said Ranj Alaaldin, nonresident fellow in the Foreign Policy program at the Brookings Institution, a think tank in Washington, DC. In a handwritten statement, Sadr said that his request for his lawmakers to resign was "a sacrifice from me for the country and the … [Read more...] about Iraq’s most powerful politician has just caused a ‘tectonic shift’
Kiran Mazumdar-Shaw on the poor state of Bengaluru roads: ‘Shame on local politicians’
Biocon Chairperson Kiran Mazumdar-Shaw Kiran Mazumdar-Shaw on Monday slammed the Karnataka government for the “abominable” condition of roads in the state capital. Bengaluru, the tech hub of India, has come under scrutiny in the past as well for its poor infrastructure and potholed roads that contribute to the city’s infamous traffic jams. On Monday, Biocon chief Kiran Mazumdar-Shaw revived the discussion around Bengaluru roads as she hit out at local politicians for ignoring infrastructural concerns in their constituencies. Shaw’s biopharmaceutical firm is one of the biggest companies to house its campus in the Karnataka capital. “Frustrated and angry at the total lack of responsibility of our MLA, Panchayat and MP of Anekal Taluk and Huskur Gram Panchayat at the abominable condition of Huskur-Sarjapur Road. Why does the government build bus depot and quarters with no road to support it?” asked Mazumdar-Shaw. “Shame on all the local politicians.” Frustrated n angry … [Read more...] about Kiran Mazumdar-Shaw on the poor state of Bengaluru roads: ‘Shame on local politicians’
RBI’s freeze on PPI-led lending: Industry bodies to write to RBI, Govt on their stance on supporting innovation
Representative image: fintech Industry bodies including the Internet and Mobile Association of India (IAMAI) and the Payments Council of India (PCI) are preparing to make representations to the Reserve Bank of India (RBI) and various government arms, questioning their stance on supporting innovation and financial inclusion. This comes two days after the RBI issued a clarification to fintechs, saying that loading credit lines into prepaid payment instruments (PPIs) such as wallets and prepaid cards is not permitted. The move has threatened to junk the business models of a number of fintechs that have seen tremendous growth over the past year such as Slice, Uni, PayU’s LazyPay, KreditBee, EarlySalary etc. According to multiple sources, the letters will be addressed to RBI Governor Shaktikanta Das, the Finance Ministry, and the Prime Minister’s Office with a core objective of seeking clarification on the two-paragraph long notice that was shared with fintechs. “The notice … [Read more...] about RBI’s freeze on PPI-led lending: Industry bodies to write to RBI, Govt on their stance on supporting innovation
Ukraine’s Zelenskiy appeals to Glastonbury crowd for support
GLASTONBURY, England (Reuters) - Ukrainian President Volodymyr Zelenskiy appealed via videolink on Friday to crowds at Britain's Glastonbury Festival for support, urging them to spread the truth about Russia's invasion and to pressure politicians to help restore peace. Zelenskiy, wearing his trademark military fatigues, drew cheers after delivering his pre-recorded message from two large screens at the music festival's Other stage before rock band the Libertines played. "Russia has stolen our peace," he told the crowds at Glastonbury, the world's largest green field festival. "Glastonbury is the greatest concentration of freedom these days and I ask you to share this feeling with everyone whose freedom is under attack," said Zelenskiy, speaking English. "The more people join us in defending freedom and truth, the sooner Russia's war against Ukraine will end," he added. "Prove that freedom always wins." Zelenskiy, who has built a close working relationship with British … [Read more...] about Ukraine’s Zelenskiy appeals to Glastonbury crowd for support
Layoffs, restructuring, slowdown: India’s edtech firms are struggling post-pandemic
When the government announced a vaccination programme for 12-14-year olds earlier this year, Neeta Singh (name changed), an educator at one of India’s biggest edtech unicorns, was excited as she thought she would be back in the classroom after almost two years. Singh said she was very keen to get back to her previous employer, a tutoring company, despite the lower compensation as she wanted to get out of the ‘extremely toxic’ culture at the edtech unicorn she had worked at for almost 15 months. “I am a single mother of two and I cannot stop working as both my kids are still in school. The local tuition centre I was working at had asked us to look for different jobs in March 2020, when the government announced the first lockdown,” said Singh. “Back then e-learning platforms were offering huge packages so I accepted it. I thought working from home would be better as I would be able to manage things better. But my incentives and job security were linked to the number of classes, … [Read more...] about Layoffs, restructuring, slowdown: India’s edtech firms are struggling post-pandemic
Policy Talk | Startups need to define their vision as an industry
Yatish Rajawat – What was your objective in writing the book and what do you think is its impact? Harish Mehta - I’ll go back to say, 3 years, when I was reading books of RBI governors, IAS officers, politicians, etc. I have been involved with NASSCOM from the beginning and have seen how NASSCOM and the IT industry have evolved and how India has changed, I’m very proud of what everyone has done in this process. However, I didn’t see any of those books giving any credit to our industry - NASSCOM is not even listed anywhere, leave alone its contribution. There is an African proverb you may remember or know, “If lions had historians the tales of hunting would be different.” So that drove me to write the book about the story of how the IT industry changed. Like Dr. Sumant Rao Bhosre used to say, 1000 years of the downward spiral of India was arrested by the IT industry of India. NASSCOM was the sutradhar driving it. So that is what I used as a theme in my book. We have put our … [Read more...] about Policy Talk | Startups need to define their vision as an industry
The CTO’s Role In Product Growth
Share to Twitter Share to Linkedin Tech entrepreneur, cybersecurity innovator & author. Co-founder/CTO at LoginRadius — a leading identity platform securing 1B+ IDs globally. In any organization, a CTO has to wear multiple thinking hats to steer product development, build cybersecurity defenses, navigate uncertainty and drive growth with strategic planning. The role of the CTO becomes even more prominent in engineering product growth to achieve the organization's short- and long-term goals. The following sections describe how a CTO plays an essential role in driving product growth and navigates the uncertainties and risks associated. Visionary Thinking The technological and business landscapes are ever-changing, with innovations in one sector or industry having a broader impact on the overall ecosystem in which an organization operates. For example, AI and machine learning breakthroughs have affected how consumers experience … [Read more...] about The CTO’s Role In Product Growth
Why Comic Books Could Be A Powerful Weapon In The Climate Fight
Share to Twitter Share to Linkedin Climate experts are worried: the urgency of climate change isn’t getting through to the general public. Increasingly dire warnings and the growing ferocity of extreme weather events seem to elicit little more than a shrug of the shoulders. Perhaps this isn’t surprising: the scale of the climate crisis can seem too huge, and far beyond our control. In many ways, simply switching off is a rational response. In the face of news fatigue and its byproduct of indifference, visual artists are turning to alternative methods to spread climate awareness where news stories have failed. “I try to show that while this stuff is complicated and super important, it’s much easier to understand if you get the context,” says German comic book artist Céline Keller. “Explaining a topic is much easier if we tell stories. And the stories are there, if you look.” As it turns out, graphic novels and comics are becoming an important tool … [Read more...] about Why Comic Books Could Be A Powerful Weapon In The Climate Fight
Opinion: The death of Roe is dizzying, disturbing and dangerous
Mary Ziegler is the author of "Abortion and the Law in America: Roe v. Wade to the Present" and "Dollars for Life: The Anti-Abortion Movement and the Fall of the Republican Establishment." The views expressed in this commentary are her own. Read more opinion on CNN. (CNN) While there are plenty of people who have long sounded the alarm on the Supreme Court overturning Roe v. Wade and rolling back abortion rights, that does not make this moment any less dizzying. In recent years, numerous countries, including Mexico and South Korea , have liberalized laws and regulations on abortion. Only a handful of nations have gone in the other direction. Mary Zeigler With Friday's decision, the United States has joined that list. The Supreme Court held that there is no constitutional provision that protects the right to abortion and that Roe v. Wade was egregiously wrong the day it was decided. Read More The … [Read more...] about Opinion: The death of Roe is dizzying, disturbing and dangerous