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Monday, 24 February 2025

Trump fires 1,600 USAID employees, others sent on indefinite paid leave

 The Trump administration announced on Sunday that over 1,600 employees at the US Agency for International Development (USAID) are being fired. Several other staffers of the agency working outside US have been placed on paid administrative leave.

A person leaves flowers, next to a USAID sign which is covered over, at the agency's headquarters in Washington.(REUTERS)
A person leaves flowers, next to a USAID sign which is covered over, at the agency's headquarters in Washington.(REUTERS)

"I regret to inform you that you are affected by a Reduction in Force action," said an email sent to one of the workers being fired that was reviewed by Reuters. Those who got the note will be let go from federal service effective April 24, the email said.

The only employees who are still working are the leaders and critical staff at USAID.

“As of 11:59 p.m. EST on Sunday, February 23, 2025, all USAID direct hire personnel, with the exception of designated personnel responsible for mission-critical functions, core leadership and/or specially designated programs, will be placed on administrative leave globally,” according to the notices sent to USAID workers that were viewed by The Associated Press.

Musk vs USAID

The move was the latest and one of the biggest steps yet toward what US President Donald Trump and cost-cutting ally Elon Musk say is their goal of gutting the six-decade-old aid and development agency in a broader campaign to slash the size of the federal government.

USAID is the main delivery mechanism for American foreign assistance and a critical tool of US "soft power" for winning influence abroad.

Trump's bid to end USAID

Trump ordered a 90-day pause on foreign aid shortly after taking office on January 20, halting funding for everything from programs that fight starvation and deadly diseases to providing shelters for millions of displaced people across the globe.

The administration has approved exceptions to the freeze totaling $5.3 billion, mostly for security and counter-narcotics programs, according to a list of exemptions reviewed by Reuters that included limited humanitarian relief.

USAID programs got less than $100 million in exemptions, compared to roughly $40 billion in programs it administered annually before the freeze.

The move to fire 1,600 US-based USAID employees comes after a federal judge on Friday allowed the administration to move forward with its plan to pull thousands of USAID staffers off the job in the United States and around the world. US District Judge Carl Nichols rejected pleas in a lawsuit from employees to keep temporarily blocking the government's plan.

Saturday, 8 February 2025

People of Delhi now free of ‘AAP-da’: PM Modi at BJP HQ

The BJP staged a thumping comeback in Delhi after more than 26 years on Saturday (February 8, 2025). The party is set to end its 27-year drought in Delhi as the party was headed for a nearly two-thirds majority.
Results of the Delhi Assembly election are not a vindication of Prime Minister’s Narendra Modi’s policies but a referendum on Arvind Kejriwal and AAP, the Congress said on Saturday (February 8, 2025) as it vowed to bounce back from another whitewash.

Friday, 31 January 2025

India Budget Day

The Indian Union Budget is presented annually by the Finance Minister of India in the Parliament of India.  It outlines the government's plans for the next financial year and sets out key policy decisions affecting various sectors of the economy.
Key Components of the Budget:
 * Revenue: This includes taxes, non-tax receipts, and borrowings by the government.
 * Expenditure:  This allocates funds for various government programs, services, and infrastructure projects.
 * Fiscal Deficit:  The difference between revenue and expenditure indicates whether the government has surplus funds or needs to borrow money.
Budget Highlights:
 * Economic Growth:  The budget often focuses on growth strategies, investment, and measures to boost economic activity.
 * Taxation:  Decisions on tax rates, exemptions, and slab structures are crucial for influencing the income tax burden.
 * Social Welfare:  The budget includes provisions for social welfare schemes, poverty reduction, and affordable healthcare.
 * Infrastructure Development:  Resources are allocated for building roads, bridges, railways, and other infrastructure projects.
 * Environmental Protection:  The budget includes measures to protect the environment and promote sustainable development.
Previous Budgets:
You can find information on previous budgets on the websites of the Parliament of India and the Reserve Bank of India. These resources offer historical data and analysis of Indian budgets.

Saturday, 25 January 2025

Today update 25th January 2025

Today's Update:
 * India:
   * Guillain-Barre Syndrome Outbreak: 73 cases reported in Pune, 14 on ventilators.
   * Saif Ali Khan Attack Case: Investigation continues, more revelations emerge.
   * Waqf Panel MPs to Lok Sabha Speaker: Allegations of suspension due to phone call with "somebody."
   * MP Liquor Ban: May not impact Ujjain temple 'prasad.'
   * Social Media Pollution: CEC Rajiv Kumar calls for algorithm changes.
   * 26/11 Mumbai Attack: US clears Tahawwur Rana's extradition to India.
   * Indian Fisherman Dies in Karachi Jail: 8th such death in two years.
   * Vande Bharat Trial Run: Successful run on world's highest rail bridge.
   * Rohit Sharma: Captains ICC Men's T20I Team of the Year.
 * World:
   * Israel-Hamas Conflict: 4 Israeli women hostages freed in hostage swap.
   * Philippines-China Tensions: Philippines accuses China of harassing fisheries vessels in South China Sea.
   * German Man: Sets world record for living underwater for 120 days.
Please note: This is a brief summary of some of the top stories today. For more detailed and comprehensive news, please refer to reputable news sources.

Monday, 13 January 2025

US wildfire

The United States experiences a significant number of wildfires annually, particularly in the western regions. These fires are often fueled by a combination of factors, including dry conditions, high winds, and human activities.
Recent Events:
 * California Wildfires: California has been a hotspot for wildfires in recent years, with major events occurring frequently. These fires can cause widespread devastation, destroying homes, infrastructure, and natural habitats.
 * Other Regions: Wildfires also occur in other parts of the US, such as the Pacific Northwest, the Southwest, and even the Southeast.
Factors Contributing to Wildfires:
 * Climate Change: Climate change is increasing the frequency and intensity of wildfires in many regions. Warmer temperatures, prolonged droughts, and changes in precipitation patterns create conditions that are more favorable for fires to start and spread.
 * Drought: Dry conditions, often exacerbated by drought, reduce soil moisture and increase the flammability of vegetation.
 * Wind: Strong winds can rapidly spread wildfires, making them more difficult to control.
 * Human Activities: Human activities, such as accidental and intentional fires, can be major ignition sources for wildfires.
Impact of Wildfires:
 * Environmental Damage: Wildfires can have devastating impacts on ecosystems, destroying habitats, harming wildlife, and polluting the air.
 * Property Loss: Homes, businesses, and other structures are often destroyed by wildfires, resulting in significant economic losses.
 * Human Health: Wildfires can pose serious health risks, including respiratory problems and other health issues caused by smoke inhalation.
Mitigation Efforts:
 * Fire Prevention: Efforts to prevent wildfires include controlled burns, fuel reduction treatments, and public education campaigns.
 * Fire Suppression: Firefighting agencies work to suppress wildfires using a variety of methods, including ground crews, aerial firefighting, and specialized equipment.
 * Climate Change Mitigation: Addressing climate change is crucial for reducing the risk of future wildfires.
For the most up-to-date information on wildfires in the US, I recommend checking the following resources:
 * National Interagency Fire Center (NIFC): https://www.nifc.gov/
 * InciWeb: https://inciweb.wildfire.gov/
 * Local News Sources: Stay informed about local wildfire activity through local news outlets.
I hope this information is helpful.

Indian Stock market fall

The Indian stock market experienced a significant decline on Monday, January 13, 2025.
 * Key factors contributing to the fall:
   * Stronger-than-expected US jobs report: This reduced expectations for early interest rate cuts by the Federal Reserve, impacting market sentiment.
   * Worries about slowing earnings: Concerns about corporate earnings growth also weighed on investor confidence.
   * Profit booking by foreign investors: Foreign institutional investors (FIIs) have been selling off Indian stocks, contributing to the market weakness.
   * Weak capex by the Central government: Lower capital expenditure by the government has also dampened investor optimism.
   * Tepid consumer demand: Prolonged rains and rising food inflation have impacted consumer spending, affecting economic growth.
   * Fears of a shallow rate cut cycle by the RBI: The Reserve Bank of India (RBI) may be hesitant to cut interest rates significantly due to persistent inflation.
   * Rising crude oil prices: Higher oil prices negatively impact India's fiscal health as it is a major oil importer.
   * Weakening rupee: The Indian rupee has been depreciating against the US dollar, adding to market volatility.
 * Market performance:
   * The BSE Sensex tumbled over 900 points, or 1.1%, to 76,456.
   * The NSE Nifty50 shed over 300 points, or 1.3%, to 23,172.
   * Mid-cap and small-cap indices declined by around 4%.
Overall, the Indian stock market is facing a challenging period due to a confluence of domestic and global factors. While the long-term outlook for the Indian economy remains positive, investors can expect continued volatility in the near term.
Disclaimer: This information is for general knowledge and informational purposes only, and does not constitute financial, investment, or other professional advice.
I recommend consulting with a qualified financial advisor for personalized guidance.

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Hello and welcome! I’m MK, and this blog is my journey of exploring money, mindset, and lifestyle — all through a practical, Indian lens. Wh...