IGSS ventures said that India should decide on the semiconductor sops by October

Raj Kumar, the founder and the group CEO of IGSS Ventures, said that India should decide on an application filed by various investors and tech consortiums to manufacture semiconductors in the country by October. because global investors and technology partners have become impatient and wary as well. 

Singapore-based IGSS proposed to set up around 26000 crore fabrication units in Tamil Nadu and is waiting for approval from the center. Vedanta Foxconn is a joint venture and is begging the central government for incentives to set up multi-billion semiconductor fabs in the nation. 

Kumar’s words:

The government must build on previous work done and jumpstart the industry into the next stage, by deciding on the information and track record that is in front of them. ET has reported that the ISMC consortium has written a letter to the center seeking faster decision-making on the incentives. The Union government announced a $10 billion incentive package to kickstart semiconductor manufacturing in December last year. But it has not cleared any of the applications so far. 

The semicolon India program was released after a lot of work between 2019-2021 December 15, 2021. There have been numerous false starts in the last few years for various reasons. 

FAQ

  • Who is Raj Kumar?

Ans. The founder and group CEO of IGSS Ventures. 

  • What is the worth of the upcoming project in Tamil Nadu?

Ans. 26000 crore 

  • How much money was given by the Union government to kickstart the manufacturing of semiconductors last year?

Ans. $10 billion 

The digital revolution in India offers investment opportunities for the US

On Wednesday, Nirmala Sitharaman said that the digital revolution provides investment opportunities for US companies and investors as well. The open network for digital commerce has brought a revolution to the retail and manufacturing sectors. She also stated the scope for collaboration in the digital sector between India and the US. 

She also said that the country was confident in handling the challenge of high inflation and its economic revival, driven by government reforms. The inflation rate of India remains above the central bank’s 2% to 6% tolerance band for several months. While consumer inflation was at 6.71% in July. 

These statements by Nirmala Sitharaman show that the country is making progress in digital e-commerce and it is good for the future of the country. Foreign investment will lead the nation to newer highs in the business field. 

FAQ

  • Who is the finance minister of India?

Ans. Nirmala Sitharamana.

  • Which attracts US investors and collaborations?

Ans. Digital Commerce in India

  • What is the percentage of consumer inflation in July?

Ans. 6.71%

32 people were killed in the Vietnam karaoke bar fire

A total of 32 people died and others were damaged in a massive fire at a karaoke complex near Ho Chi Minh City. The fire spread on the upper floor and trapped the staff and customers on a Tuesday night. 

The media said that four people jumped from the third and second floors. They were injured badly but survived. The firefighters reached the spot on time and helped the people stuck there. The cause of the fire is still being investigated. 

The 32 people who lost their lives include 15 women and 17 men. The fire broke out on the second floor and then quickly spread to the third floor. The floors were highly flammable, so they spread all over in no time. 

The karaoke bar has almost 29 rooms and about 8 dead bodies were found in the toilets. The third floor of the building has several wooden decorations, which make the fire spread more quickly as well. It took the firefighters almost an hour to take control of the fire. 

Let us tell you that it is one of the deadliest incidents in the karaoke bars of Vietnam. The main reason behind this is the poor fire safety measures, and because of this, numerous people have lost their lives and some have been injured. 

FAQ

  • Where did this incident take place?

Ans. At a karaoke complex in south Vietnam, near Ho Chi Minh City, 

  • How many people died during this incident?

Ans. 32 people 

  • How much time do firefighters take to control a fire?

Ans. One hour

Arshdeep Singh Controversy | Cannot Allow Deliberate Incitement: IT Minister To Wikipedia

23-year-old bowler Arshdeep Singh, an Indian bowler, was mercilessly criticised on social media after dropping a catch in a match between India and Pakistan in Dubai.

Rajeev Chandrasekhar, Union Minister of State for Electronics and Information Technology, condemned Wikipedia on Monday for enabling “intentional efforts to instigate” after cricketer Arshdeep Singh’s Wikipedia page was modified to link him to the Khalistani movement.

“No intermediary operating in India can allow this type of misinformation and purposeful efforts to incite and #userharm – breaches our government’s expectation of Safe & Trusted Internet,” the Minister tweeted.

Why Mr. Chandrasekhar Also Included Screenshots Of The Modified Wikipedia Entry?

The 23-year-old bowler was severely abused on social media after dropping a key catch during India’s match against Pakistan in Dubai on Sunday. India was defeated in the match.

An unregistered user altered the word “India” to “Khalistan” in multiple places on Mr. Singh’s Wikipedia page, and his name was changed to “Major Arshdeep Singh Bajwa.” Wikipedia editors later corrected and reversed the alterations.

Furthermore, there were other tweets from various accounts criticising Mr. Singh. Many Twitter users, politicians, and cricketers also came out in support of Mr. Singh.

How Former Cricketers React To The Incident And Twitter Trolling

“Beware of enemies of the nation who are maligning @arshdeepsinghh over a lost catch,” Congress MP Manish Tiwari tweeted. They are described as pathetic.

Unfortunately, cricket between India and Pakistan is more than just a game. We support him. He is from Sri Anandpur Sahib, my parliamentary constituency. #arshdeepsingh.”

Former cricketer Harbhajan Singh, who is also a Rajya Sabha MP for the Aam Aadmi Party (AAP), tweeted, “Stop criticising young @arshdeepsinghh.

How Politicians Backed The Young Bowler

Nobody drops the catch on purpose. We are so proud of our guys… Pakistan played better. Shame on those who put our own players down by shouting derogatory things against Arsheep and his team on this forum. Arshdeep Singh is the real champion.”

Gurmeet Singh, Punjab’s Sports Minister Mr. Singh has also received backing from Meet Hayer. The AAP published a short video of Mr. Hayer on the phone with Mr. Singh’s mother.

“The entire country is behind Arshdeep. When he returns, I shall accompany you and welcome him with drums. “He will arrive after winning the final,” said the message.

The Indian government condemned Wikipedia on Monday for publishing incorrect information on cricketer Arshdeep Singh’s page linking him to the separatist Khalistani movement, saying such incitement is unacceptable.

What Happened In The Asia Cup Match Against Pakistan In Dubai On Sunday

Some social media users attacked Singh after he dropped a key catch during India’s Super 4 Asia Cup match against Pakistan in Dubai on Sunday.

Following the missed catch, his Wikipedia page was updated to include a link to the separatist Khalistani movement.

“No intermediary operating in India can allow this type of misinformation (a)n(d) purposeful attempts to instigate (a)n(d) user damage – breaches our government’s expectations of a secure and reliable internet,” he said.

The guidelines required social media businesses to remove anything that was deemed offensive as soon as possible, create grievance redressal officials, and assist with investigations.

This Is Why IT Ministry Issued Draught Guidelines Proposing A Tribunal

Significant social media intermediaries with more than 50 lakh users must perform additional due diligence, including the hiring of a chief compliance officer, a nodal contact person, and a resident objection officer, all of whom must be the Indian citizens.

In June, the IT ministry issued draught guidelines proposing a tribunal to hear user appeals against inaction on complaints or content-related decisions made by grievance officers of social media companies.

Several cricketers and politicians have backed Arshdeep Singh, arguing that in a high-pressure game, anyone can make a mistake.

When Ravi Bishnoi came in to bowl the 18th over, Pakistan needed 34 runs to win. On the third ball of the over, Arshdeep Singh lost a pretty easy catch of Asif Ali, resulting in a significant momentum shift and Pakistan won by five wickets.

US intelligence Report: Russia buying weapons from North Korea

According to the US intelligence report, Russia is going to buy millions of artillery shells and rockets from North Korea. This will impact the global sanctions that Moscow faces after its February invasion of Ukraine. All this also impacts the supply chains, Russia seems like a pariah state for the military suppliers. 

Russia also received the shipments of Iranian drones a few days back in the first signal of the throttling influence sections of the nation. 

The New York Times report noted that the declassified documents also provided few details of the weaponry, size, and timing of the shipment from Iran. Apart from this, Moscow is going to purchase more equipment from North Korea. 

Words by Mason Clark:

The Kremlin should be alarmed that it has to buy anything at all from North Korea. 

Let us tell you that he is the leader of the Russian team at the Institute for the Study of War. North Korea is trying to improve its relations with Russia while other countries are being pulled away from them. Vladimir Putin is the president of Russia. He and the North Korean leader, Kim Jong-un exchanged letters in which they called for “comprehensive” and “strategic and tactical” cooperation between the countries. 

FAQ

  • Who is the President of Russia?

Ans. Vladimir Putin 

  • Who is the leader of North Korea?

Ans. Kim-Jong-un

  • Does the buying of weapons a good sign for the rest of the nations?

Ans. This deal only increases tensions among the other nations.