“India’s Economy on the Rise – World Bank Anticipates 6.9% Expansion”
“India’s Economy projection revised, World Bank Anticipates 6.9% GDP growth” The growth forecast for India’s gross domestic product (GDP) in the current financial year (FY23) was increased by the World Bank from 6.5 percent to 6.9 percent. This was done on the back of the economy’s relative resilience to external headwinds and the strong outturn’ in the July-September quarter. In October, the World Bank projected that India’s GDP would grow by 7.5 percent in the next fiscal year, but it has now revised that projection down to 6.5 percent. According to Auguste Kouame, country director for the World Bank in India, who was quoted in the organization’s most recent India Development Update on Tuesday, “India’s economy has proved impressively robust to the deteriorating external environment,” and “strong macroeconomic fundamentals have placed it in excellent stead when compared to other emerging market countries.”
The enormous local market in India, which is generally less susceptible to the flows of international commerce, is the reason why the country is insulated from the effects of global spillovers. According to the research, India’s standing in the world has also significantly strengthened over the course of the previous decade. According to what was said in the report, “Policy changes and sensible regulatory measures have also played a major role in increasing resilience in the economy.” The official statistics that were released last week revealed that India’s Gross Domestic Product (GDP) rose by 6.3% in the September quarter. This growth rate is much lower than the 8.4% growth rate that was reported in the same period a year earlier. However, it was better than analysts’ forecasts, which was one of the factors mentioned by the World Bank for its most recent growth report.
“Chinese Hackers Pilfer Millions from US Covid Funds”
Now next NEWS is from the Hacking of US COVID-19 funds. “Chinese Hackers steel Millions from US Covid Funds” According to the research, the theft of money started in the middle of the year 2020 and affected 2,000 accounts. According to NBC News’s reporting, hackers with ties to China are responsible for the theft of millions of dollars worth of relief funds from COVID. According to the investigation, a hacking organization known as APT41 was responsible for the theft of at least $20 million in Covid assistance benefits from over a dozen different states. These benefits included small business loans and unemployment subsidies. The officials told the news source that the organization has its headquarters in Chengdu and that other investigations into pandemic scams are traced back to hackers working for foreign governments.
This is the first known instance of cybercrime committed by hackers affiliated with the government that resulted in security difficulties in other nations. According to report, the act of stealing money started around the middle of the year 2020, it included more than 2,000 accounts, and it involved more than 40,000 financial transactions. “It would be crazy to imagine that this hacker group target all 50 states,” Roy Dotson, the national pandemic fraud recovery coordinator for the Secret Service told NBC News. “It would be absurd to think that this group targeted all 50 states.
“Digital Nomad Hotspot – Live and Work in Spain!”
Our next NEWS is from the best destination for digital nomads. ” Spain has become Digital Nomad Hotspot.” Internation surveyed in February 2022 and just released the results last week. It asked expats to rate their level of satisfaction in five main categories, including quality of life (such as a healthy environment and robust public transportation system), ease of settling in (such as friendly residents), personal finance (such as access to affordable health care), working abroad (such as job security and a stable local economy), and “expat essentials,” which compiles things like language skills and cultural norms. According to a study of more than 12,000 respondents from InterNations, an online expat community with more than 4.5 million global members. In this survey, Valencia, Spain will emerge as the top city for expats to live and work abroad in the year 2022.
Valencia is the third largest city in Spain, and it was recently named the World Design Capital of the year due to its extensive collection of architectural marvels. These marvels range from Unesco World Heritage sites to Gothic cathedrals built in the 13th century to a futuristic complex called the City of Arts and Sciences. It is the area where paella was first created, and it is located adjacent to a variety of sandy beaches. It also has a vibrant social and cultural destination. The Startups Act was recently passed by the Spanish parliament to encourage entrepreneurship and diversify the economy. One of the provisions of this act is the creation of a new form of visa for digital nomads, which is scheduled to go into effect in January 2023.
“Indonesian Parliament Passes Startling Law of ‘No Sex Outside Marriage'”
Now next NEWS is from Indonesia where new law has been passed. “Indonesian Parliament Passes Startling Law of ‘No Sex Outside Marriage'” The new criminal code was passed by a majority of parliamentarians during the plenary session. Most people have welcomed but some demonstrations by the human rights goup was also reported. “The Minister of Justice and Human Rights Yasonna Laoly said to the National Assembly. Premarital and extramarital sex as well as cohabitation between the unmarried are criminalized in the recently passed legislation, which has generated much debate. Albert Aries, a spokesman for the ministry of law and human rights team in charge of disseminating the criminal code bill, defended the changes before the vote, saying that the measure will preserve marital institutions. Criminal law reform in Indonesia has been discussed since the country’s colonial history under the Dutch.
“Toyota Leaves Hydrogen Behind, Introduces All Electric Fleet”
next NEWS is from Toyota motors.” Toyota Leaves Hydrogen Behind, Introduces All-Electric Fleet” The pace at which electric vehicles are being brought to the market in Europe is going to pick up a significant degree of speed as a result of Toyota’s plan to launch five new full-electric models in Europe over the course of the next four years. This year, the Japanese firm introduced its first dedicated electric vehicle, the bZ4X, SUV. The company has previously announced that by the year 2035, all of its sales in Europe would be zero-emissions automobiles. Europe includes the European Union, the United Kingdom, and the European Free Trade Area. Toyota, on the other hand, had not previously provided any specifics on the schedule for the launch of its electric vehicles. Matt Harrison, who is in charge of operations in Europe for Toyota, has recently stated that the company’s Beyond Zero line of electric vehicles will have all six models available for purchase by the year 2026.
Harrison believes that this is evidence that Toyota is accelerating the launch of its electric vehicles in line with its goal to become carbon neutral in Europe from the very beginning of its operations there. When Harrison was asked about Toyota’s promise to become carbon neutral everywhere in the globe by the year 2050, he said that Toyota will accomplish this goal in Europe by the year 2040. Harrison remarked while participating in Toyota Europe’s Kenshiki Forum, the company’s annual end-of-year showcase media event that operates in a manner that is comparable to that of a single-brand auto show.
Facebook parent company Meta may delist News Feeds from media platform if the bill passed in US Congress”
Now, today’s last news is from USA’s new media bill. “Facebook Owner Meta may delist News Feeds from media platform if the bill passed in US Congress.” On Monday, Meta Platforms Inc, the parent company of Facebook, threatened to remove content from its platform if the United States Congress supported a measure that would make it easier for news organizations to deal collectively with tech giants like Alphabet Inc’s Google and Facebook. Legislators are considering including the Journalism Competition and Preservation Act in a must-pass yearly defense bill as a means to bolster the struggling local journalism business. As a trade association for newspapers, the News Media Alliance is advocating for the inclusion of this legislation in the defense spending bill. On the other side, over two dozen organizations, including the ACLU, Public Knowledge, and the Computer & Communications Industry Association, urged Congress not to approve the local news bill.
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