Top Stories of the Month: A Sneak Peak (Mid-November)
Like every month, we have also come up with the top stories of the month. Check them out now. Here are some of the most interesting and thought provoking news items of this month.
The government claims it has no influence on the CBI
The Indian government argued that the “Union of India has no authority” over the CBI when it comes to the filing of FIRs in an action brought by the state of West Bengal against the CBI, the Supreme Court was informed. After the Calcutta High Court ruled earlier this year that the CBI should investigate post-election violence, the state administration complained that the agency was registering FIRs without the requisite agreement of the state government.
Kartarpur Sahib route has been reopened by India
Just two days before the birth anniversary of Sikhism’s founder, Guru Nanak, on Friday, the Union government has decided to reopen the Kartarpur Sahib corridor for pilgrims. Amit Shah, the Union home minister, tweeted in Gurmukhi that the reopening of the corridor was done for the sake of Sikh pilgrims.
The corridor connects the Gurdwara at the Dera Baba Nanak, in Gurdaspur district, with the Gurdwara Darbar Sahib in the Kartarpur, where Guru Nanak spent his last years. The Covid-19 epidemic forced the closure of the tunnel in March 2020. In a lengthy discussion, Vice President Biden and Chinese President Xi Jinping try to find common ground.
A lengthy phone call: In a virtual conference on Tuesday, US Vice President Joe Biden and Chinese counterpart Xi Jinping talked for over three and a half hours as the two global powers seek a common ground to iron out their differences.
Although no significant announcements were made, both Biden and Xi seemed eager to bring the situation down a notch. We, the leaders of China and the United States, have a duty to prevent rivalry between us from devolving into confrontation, whether intentionally or unintentionally, as Vice President Biden informed Xi.
In an encounter in Kashmir, two civilians were murdered as well as the other four participants
Four people were killed in an encounter between Pakistani militants and Kashmiri security forces in the Hyderpora region of Srinagar, authorities said. Foreign militant Haider was recognised by Inspector General of Police Vijay Kumar.
The proprietor of the retail complex and a doctor who had an office in the building were both slain in the attack. “Overground worker” (OGW) Mudasir Gul, the doctor who leased his office to Haider, has been categorised by the J&K Police as a “hideout” for Haider. At least one person was killed in crossfire, according to J&K Police.
Due to an increase in global wealth, China has surpassed the United States to become the world’s wealthiest country
Over the last two decades, global wealth has quadrupled, with China leading the way and surpassing the United States as the world’s wealthiest nation. New study from McKinsey & Co’s research arm studied the national balance sheets of 10 countries that account for more than 60 percent of the world’s gross domestic product (GDP).
According to the report, global net worth will reach $514 trillion in 2020, up from $156 trillion in 2000. Over a third of the growth was attributed to the country’s economy. When it joined the World Trade Organization in 2000, its wealth surged to $120 trillion from a meagre $7 trillion.
Over the course of the decade, the US’s net worth more than doubled, reaching $90 trillion. The wealthiest 10 percent of families own more than two-thirds of the wealth in both of the world’s largest economies, according to the analysis.
What’s going on here? According to our calculations, real estate accounts for 68% of the world’s total wealth. Infrastructure, machinery, and equipment, as well as intellectual property and patents, serve as the foundation for the balance. In the global wealth estimates, financial assets are excluded since they are essentially neutralised by liabilities.
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