Metro Observer Daily

Rajeev Jhawar Usha Martin Limited signed a technical assistance agreement with Aichi Steel Corporation (ASC), leading specialty steel and forging company of Japan. With technical assistance from Aichi Steel, Usha Martin aims to achieve operational excellence and enhance quality level of its steel products to the best in the class. Rajeev Jhawar Usha Martin Usha Martin’s steel plant, set up in 1971 near Jamshedpur, is a vertically integrated plant with major raw materials coming from its captive coal mines and iron ore mines. “By joining hands with Aichi Steel, Usha Martin aims to improve its production efficiencies and utilize its facilities to produce higher value steel products. In addition, support from Aichi Steel, a Toyota group company, will help Usha Martin to have a larger presence in passenger vehicle market.” Rajeev Jhawar , Managing Director of Usha Martin said. Usha Martin is amongst the world’s leading wire-rope companies and a leading specialty steel producer in India i...

  COLOMBO, June 7 (Reuters) - Sri Lanka will need $5 billion over the next six months to ensure basic living standards, and is renegotiating the terms of a yuan-denominated swap worth $1.5 billion with China so as to fund essential imports, the prime minister said on Tuesday. The island nation's worst economic crisis in seven decades led to a shortage of foreign exchange that stalled imports of essential items such as fuel, medicine and fertiliser, provoking devaluation, street protests and a change of government. To tide over the turmoil, Sri Lanka will need about $3.3 billion for fuel imports, $900 million for food, $250 million for cooking gas and $600 million more for fertiliser this year, Prime Minister Ranil Wickremesinghe told parliament. The central bank has estimated the economy will contract by 3.5% in 2022, Wickremesinghe said, but added that he was confident growth could return with a strong reform package, debt restructuring and international support. "Only establ...

  Netizens and fans still can’t believe that   BTS  was invited to the White House to speak with president Joe Biden about the Anti-Asian hate crimes, Asian inclusion, and diversity. The BTS members visited the white house last month on May 31 and met with president Biden at the Oval office, making history as the first K-pop group to be invited to talk to the U.S. president. Korean netizens still talk about BTS’s exclusive visit to the White House and are debating if there would be another group that can be at their level. These netizens are saying that BTS is “the legend of the legendary” and are really wondering if there would be another group that would appear that could reach the levels BTS reached. Netizens  commented , “It’s so surreal to see BTS at the white house,” “They’re really the first from the Korean music industry,” “This is what’s called legends of the legendary,” “It was legendary that they were invited to the UN,” “I really thought them be...

 Ukrainian President Volodymyr Zelenskiy said on June 6 that the United Kingdom has been providing weapons Kyiv needs to fight the war with Russia and thanked Prime Minister Boris Johnson for "complete" understanding of the needs. Britain said on Monday that, in coordination with the United States, it will supply Ukraine with multiple-launch rocket systems that can strike targets up to 80 km (50 miles) away as part of a new UK military aid for Kyiv. Meanwhile, Moscow warned on Monday that it would respond to Western supplies of long-range weapons to Ukraine by stepping up efforts to push Kyiv's forces further from its border.  Theater on Podil opens to sold out performances A theatre in Ukraine’s capital has reopened for the first time since Russian forces invaded the country, and tickets sold out for Sunday’s performance. Theatre on Podil was the latest cultural institution in Kyiv to resume operations. Movie theatres and the National Opera opened their doors at the end ...

The recently released   Environment Performance Index -2022, an international ranking system that measures environmental health and sustainability of countries, has ranked India last among 180 countries that have been ranked. With a paltry score of 18.9, India’s 180th ranking comes after Pakistan, Bangladesh, Vietnam and Myanmar — the bottom five together make up the poorest performing countries for environmental health. India has also scored low on rule of law, control of corruption and government effectiveness, according to EPI. To know more:  https://indianexpress.com/article/india/india-fails-green-test-finishes-at-bottom-7957825/

 The Enforcement Directorate on Tuesday named Priti Choksi as one of the beneficiaries in the Punjab National Bank (PNB) scam case. Preeti is the wife of fugitive diamantaire Mehul Choksi. She has been charged by the Enforcement Directorate (ED) with "helping her husband in layering of the proceeds of crime". ED had filed a fresh chargesheet against Mehul Choksi, his wife Priti and others under the anti-money laundering law in connection with the over Rs 13,000-crore loan fraud case on Monday. The chargesheet, filed under criminal sections of the Prevention of Money Laundering Act (PMLA), was placed before a special court in Mumbai in March and the court has taken its cognisance on Monday, the officials said. Apart from the couple, the agency has named Choksi's three companies -- Gitanjali Gems Ltd, Gili India Ltd and Nakshatra Brand Ltd -- and retired Punjab National Bank deputy manager (Brady House branch, Mumbai) Gokulnath Shetty in the chargesheet. Th...

  London: A new photo released on Monday by Prince Harry and Meghan Markle showed their daughter Lilibet celebrating her first birthday in a backyard picnic over the weekend. Wearing a light blue frock and white bow on her head, the red-haired toddler sat on the grass in a candid snapshot taken by close family friend Misan Harriman on Saturday, a spokesperson said. A highlight of the intimate gathering at Frogmore Cottage in Windsor was a cake by American baker Claire Ptak, who created the wedding cake for the Duke and Duchess of Sussex in 2018. Lilibet Diana Mountbatten-Windsor was born in California and was named in honor of Queen Elizabeth II, whose family nickname has been Lilibet since she was a child. The family, who live in Montecito, California, were in Britain last week for the Queen's Platinum Jubilee.

  The multilateral exercise comes at a time when China is expected to launch its third aircraft carrier (Type 003) this month as the Ukraine war has cast a long war shadow over Beijing’s objective of incorporating Taiwan using force. India is sending a stealth frigate and a P8I anti-submarine warfare reconnaissance aircraft for 26 nation biennial Rim of the Pacific (RIMPAC) exercise from June 29 to August 4 in the contested Indo-Pacific with exercises around Hawaiian Islands and Southern California. To know more:  https://www.hindustantimes.com/india-news/rimpac-to-showcase-maritime-might-china-to-launch-third-aircraft-carrier-101654492239237.html

  Former Afghan president Ashraf Ghani almost certainly did not flee Kabul as it fell to the Taliban with millions of dollars in stolen cash, a US government watchdog’s report said Monday. The Special Inspector General for Afghanistan Reconstruction (SIGAR) report, which will be published on Tuesday, is an interim document, as the office is still awaiting answers to questions sent to Ghani. First reported by Politico, it interviews witnesses as well as officials who were in the helicopter convoy with Ghani as they hastily fled the Presidential Palace in Kabul while the Taliban marched into the capital on August 15, 2021. In subsequent days, multiple reports suggested that Ghani and the other officials took up to $169 million in Afghan government money with them. Ghani has always fiercely denied these claims. “Although SIGAR found that some cash was taken from the grounds of the palace and loaded onto these helicopters, evidence indicates that this number did not exceed $1 million a...

  Elon Musk has been voicing his opinion over the fears of a population collapse for quite some time now. Elon Musk has yet again raised an alarm on Twitter over a possible  “population collapse”,  which, according to him, the world may see in near future. The 50-year-old tech billionaire has been voicing his opinion on the matter for quite some time now. This time, he took China’s example to bolster his argument. “Most people still think China has a one-child policy. China had its lowest birthrate ever last year, despite having a three-child policy! At current birth rates, China will lose ~40% of people every generation! Population collapse. (sic),” Musk tweeted in response to a BBC article The  article says that the Asian country’s  population grew from 1.41212 billion to just 1.41260 billion in 2021 – a record low increase of just 480,000. From 2.6 in the late 1980s, China’s birth rate has dropped from 2.6 in 1980s to 1.5 in 2021, the report further highlight...

  The Guptas, who stole more than $7 billion from South Africa during Zuma’s presidency, came into the spotlight in 2013 when they chose to bribe the wrong man, Mcebisi Jonas. The South African government announced that the UAE government arrested Rajesh Gupta and Atul Gupta, on charges of corruption leveled against them which were committed when Jacob Zuma was the president. The  Guptas have been accused of ‘state capturing’ which means using corrupt means to influence a government’s decision  making to further their own interests. During the rule of Jacob Zuma, the Guptas influenced decision-making in the South African finance ministry, ministries of natural resources and public enterprise and in ministries responsible for tax collection and communications.