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News 60 is a news store that selects the latest and best news from multiple national and international sources and summarizes it for presentation in a short and accurate format of 60 words or less, customized for you.

18/07/2020

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The flood situation in Assam continues to threaten life and property with around 40 lakh people estimated to be affected in 27 of the state’s 33 districts

According to the Assam State Disaster Management Authority, the inundation has claimed 76 lives

The state’s wildlife sanctuaries, including the Kaziranga National Park have also been severely hit where 76 animals have died, while 121 others have been rescued

Over 3,000 villages are currently inundated and 1.3 lakh hectares worth of crops are estimated to have been damaged
Image source | ANI/AP/PTI

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18/07/2020

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Amid the coronavirus pandemic, the Uttar Pradesh government has decided to reduce the syllabus of state Secondary Education Board by 30 per cent, and divide the rest of the syllabus in three parts.

They will be covered using videos, self-study, and projects and assignments, Deputy Chief Minister Dinesh Sharma said on Thursday, adding subject specialists would prepare the study material on the basis of classes, subjects, and chapters. They will also prepare monthly and annual calendars, he added.
While videos for the first part of the syllabus will be made for online classes, and telecast on Swayam Prabha and Doordarshan, the second part of the syllabus will have to be studied by students on their own. The third part is meant for project work.

Meanwhile, the Uttar Pradesh Department of Higher Education issued guidelines for pending final semester or final-year university examinations in the 2020-’21 academic year, and directed the institutions to complete them by September 30 either online or through a mix of both online and offline processes. According to the guidelines, all remaining examinations will be suspended.
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17/07/2020

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India’s foreign-exchange reserves are at a record and approaching the $500 billion mark, and yet, the rupee is Asia’s worst performer over the past three months.

That’s because the Reserve Bank of India doesn’t seem to be in a mood to give the currency a free run even as most of its regional peers have rebounded from the virus-induced selloff. Indonesia’s rupiah, the rupee’s high-yielding counterpart, is leading the gains.

Analysts say the central bank is adding to reserves to guard against a likely downgrade in India’s credit rating or to ensure a bigger transfer of surplus to the revenue-starved government. The RBI likely bought about $9 billion in the forex market in the four weeks ended May 29, according to Bloomberg Economics, pushing up reserves to a record $493.5 billion.

“The rupee is unable to do it, inspite of the surge in capital inflows, due to the dollar buying spree from the central bank," said Anindya Banerjee, currency strategist at Kotak Securities Ltd. The mop up is sign that the RBI sees the inflows as temporary and prone to reversal if growth fails to pick up, he said.
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17/07/2020

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UK flag carrier British Airways is retiring its entire Boeing 747 "Jumbo Jet" fleet, it said Friday, following the huge hit to international air travel caused by the COVID-19 pandemic.

"It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect," the airline said in a statement to AFP.

"It is unlikely our magnificent 'queen of the skies' will ever operate commercial services for British Airways again due to the downturn in travel caused by the COVID-19 global pandemic."

The 400-passenger 747 was launched by Boeing in 1970, and dominated international air travel and cargo over the following decades.

With 31 Jumbos in its fleet, BA currently flies more of the planes than any other airline, according to its statement.

It added the last had been due to retire in 2024 as the carrier turns to more modern and fuel-efficient models like Boeing's 787 and the Airbus A350.

The airline has announced plans to lay off 12,000 staff and last month was reported to be selling off artworks by Damien Hirst, Bridget Riley and Peter Doig thought to be worth millions of pounds to raise funds.

Boeing itself has announced 16,000 layoffs.
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16/07/2020

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A series of high-profile Twitter accounts were hijacked on Wednesday, with some of the platform's top voices — including U.S. presidential candidate Joe Biden, reality television show star Kim Kardashian, former U.S. President Barack Obama, billionaire Elon Musk, and rapper Kanye West, among many others — used to solicit digital currency.

Nearly two hours after the first wave of hacks, the cause of the breach had not yet been made public. In a sign of the seriousness of the problem, Twitter took the extraordinary step of preventing at least some verified accounts from publishing messages altogether.

It was not clear whether all verified users were affected but, if they were, it would have a huge impact on the platform and its users. Verified users include celebrities, journalists, and news agencies as well as governments, politicians, heads of state, and emergency services.

16/07/2020

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Google’s investment of $4.5 billion (Rs 33,737 crore) in Jio Platforms Ltd, for 7.73 percent stake aims to accelerate India’s digital economy over the next five to seven years through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments, CEO Sundar Pichai said.

Pichai, announcing the partnership with Reliance Jio on Wednesday added, more work needs to be done to provide digital access to billions of Indians who still don't own a smartphone.

Google and Jio Platforms have entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimizations to the Android operating system and the Play Store.

“Through this partnership with Jio Platforms we see the chance to have an even greater impact that either company could have alone.

Earlier this week Pichai announced the ‘Google For India digitization fund’ committing Rs 75,000 crore to accelerate India's digital economy for the next five years.

“Our investment of $4.5 million in Jio is the first and biggest investment we will make towards this effort. I'm excited that our collaboration will focus on increasing access for hundreds of million of users who don't currently own a smartphone while improving the mobile experience for all,” Pichai said at the 43rd Annual General Meeting of Reliance Industries Limited.

15/07/2020

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The Delhi High Court on July 14 refused to grant interim relief to Army officer, who had challenged the army’s decision to ban the use of social media platforms like Facebook and Instagram for the Army personnel.

A division bench of Justices Rajiv Sahai Endlaw and Justice Asha Menon while listing the matter for further hearing on July 21, said that no relief could be granted to petitioner Lieutenant Colonel PK Choudhary as it is the matter concerning the security and safety of the country.

The court was hearing the petition, challenging the Central government`s decision to bar personnel of the security forces from using social media platforms.
The petition urged the High Court to issue directions to the Director-General of Military Intelligence (DGMS) to withdraw its policy dated August 6, 2020.

The petitioner, who currently serving in the Indian Army and posted in Jammu and Kashmir, claimed to be an active user of Facebook and uses the platform inter alia to connect with his friends and family.
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15/07/2020

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CBSE announced its class 10th 2020 result on
Wednesday
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15/07/2020

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A Delhi court Monday allowed foreign nationals from 14 countries to walk free on payment of different fines, after they accepted mild charges, under the plea bargain process, related to various violations including visa norms while attending Tablighi Jamaat congregation here during the COVID-19 lockdown, a lawyer said.

Foreigners from five countries, however, claimed trial before the court, said the lawyer.

Metropolitan Magistrate Himanshu allowed the foreign nationals from Algeria, Belgium, UK, Egypt and Philippines to walk free on payment of a fine of Rs, 10,000 each.

Another Metropolitan Magistrate Aashish Gupta allowed five Sudanese nationals to walk free on payment of a fine of 5000 each.

Metropolitan Magistrate Paras Dalal allowed foreigners from China, Morocco , Ukraine, Ethiopia, Fiji, Australia, Brazil, Afghanistan were allowed to walk free on payment of a fine of 5000 each.

They were allowed to walk free after the Sub-divisional magistrate of Lajpat Nagar, who was the complainant in the case, Additional commissioner of Police of Lajpat Nagar, Inspector of Nizamuddin said they have no objection to their plea.
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15/07/2020

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At least one worker was injured after a major fire broke out following an explosion at a pharmaceutical unit near Visakhapatnam in Andhra Pradesh on Monday night, officials said.

The incident triggered panic among the residents in the Paravada area as it came just over a couple of months after the styrene vapour leak in the LG Polymers plant in the region.

An explosion was first heard at Pharma City, following which there was a huge fire. The incident is said to have occurred in the Coastal Waste Management Project, a unit of Ramky Solvents, according to sources.

At least nine fire tenders were being pressed into service to put out the massive blaze and also prevent it from spreading to other pharma plants in the vicinity, Visakhapatnam District Collector V Vinay Chand said.

A worker sustained burn injuries, while three others who were also at the unit when the incident occurred escaped to safety. The injured was rushed to a hospital in Gajuwaka in the city for treatment, Chand said.

The cause of the incident is not yet known, and fire and emergency services personnel could not immediately reach the spot as the blaze has engulfed the area, police sources said.

14/07/2020

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Reliance Industries Limited (RIL) Chairman and Managing Director Mukesh Ambani is now richer than Alphabet (Google's parent) co-founders Sergey Brin and Larry Page in terms of net worth, becoming the world's sixth-richest person.

Ambani is now worth $72.4 billion, according to the Bloomberg Billionaires Index. Monday's 3 per cent surge in RIL's shares saw Ambani's wealth rising by $2.17 billion. A drop in US tech shares on Monday saw Page's value dropping to $71.6 billion, while Brin's stood at $69.4 billion.

Ambani, 63, had just last week surpassed Warren Buffett to become the eighth richest person in the world. With shares of RIL doubling since hitting a low in March owing to a series of investments in the digital unit Jio, Ambani's wealth saw a significant surge amid the coronavirus crisis. He is currently the only Asian business tycoon in the exclusive club of the world's top 10 richest people last month, according to the index.

However, despite the surge, Ambani's wealth was down 1 per cent compared to pre-COVID levels, according to a report by Hurun Research.

India's most valued company by market capitalisation (m-cap), Reliance Industries, is now the world's 51st most-valued company by market cap.

The m-cap of Reliance Industries surged above Rs 12 lakh crore after US telecom and tech giant Qualcomm Ventures announced an investment of up to Rs 730 crore for a 0.15 per cent equity stake in Jio Platforms. This was the 13th uninterrupted investment in Jio since April.
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14/07/2020

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In a massive development, the Congress has sacked Sachin Pilot as Deputy Chief Minister of Rajasthan, as well as the chief of the Rajasthan Pradesh Congress Committee (RPCC), taking disciplinary action against its long-time leader following his failure to attend the second CLP meeting in Jaipur.

Apart from Pilot, two other cabinet ministers will be sacked from the party itself after they decided to stay back with Pilot and give the CLP meet a miss, which was seen as Congress' last-ditch attempt to mend fences with the miffed leader and his faction.

This follows the resolution passed by the Congress party in their second CLP meeting demanding disciplinary action against Deputy Chief Minister Sachin Pilot and the rebel MLAs. Sources say that 104 MLAs present at the ongoing Congress Legislative Party (CLP) meeting at Fairmont Hotel in Jaipur have unanimously demanded that Sachin Pilot should be removed from the party. The numbers are disputed, and the BJP is likely to move for a floor test. Sacking Pilot, Congress accused him of falling prey to the BJP's conspiracy to topple the Rajasthan government.
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