A probe agency has named KCR's daughter in the Delhi Liquor Policy Case

The Enforcement Directorate (ED) identified Telangana legislator K Kavitha, daughter of Chief Minister K Chandrashekar Rao, in a court filing on Wednesday in its inquiry into the now-scrapped Delhi liquor policy.

The central agency said Ms Kavitha was a major part of the "South Gro...

S. KOREAN GOVT. PLANS TO MONITOR ILLEGAL CRYPTOCURRENCY ACTIVITIES

Highlights –

• S. Korean govt. plans to monitor illegal cryptocurrency activities.
• S. Korea is concerned with speculative investments and potential illegal activities through cyrptocurrency.
• The country’s finance ministry, FSC, an...

INDIAN GOVERNMENT PLANNING TO EXPAND RESEARCH-ORIENTED HIGHER EDUCATION

HIGHLIGHTS

• Indian government is planning major changes to education policy.
• Steps are being taken to expand research-oriented higher education.
• The goal of new steps is to build a knowledge based economy.

National Educatio...

JAPAN GOVT. NOMINATES NOMURA ASSET CO.’S PRESIDENT FOR BOJ POLICY BOARD

Highlights –

• Japan govt. nominates Nomura Asset Co.’s president for BOJ policy board.
• Junko Nakagawa is the president and CEO of Nomura Asset Management Co.
• The nomination was presented to both chambers of parliament for approva...

S. KOREAN RULING DP EXPECTS COVID-19 CASH HANDOUTS TO EXCEED $17.6 BILLION

Highlights –

• S. Korean ruling DP expects COVID-19 cash handouts to exceed $17.6 billion.
• The relief fund proposal has been submitted to the parliament for deliberations.
• The govt. and DP will be holding a high-level meeting on Sunday....

BANK OF KOREA ANNOUNCES UNCHANGED RECORD LOW POLICY RATE AT 0.5 PERCENT

Highlights –

• Bank of Korea announces unchanged record low policy rate at 0.5 percent.
• The country’s central bank maintained its growth outlook for the year at 3 percent.
• The BOK also raised its growth outlook of exports for 2021...

JAPAN LABOR POLICY COUNCIL TO ADD ACTORS, ANIME WORKERS UNDER SPECIAL INSURANCE

Highlights –

• Japan Labor Policy Council to add actors, anime workers under special insurance.
• The council plans to revise related ministerial ordinances and implement additions by end of 2021.
• The Labor Policy Council held hearings in...

CARRIE LAM’S POLICY ADDRESS ON “NO DEMOCRATIC REFORM” GOT LOWEST TRP’S 

HIGHLIGHTS

• Hong Kong pioneer Carrie Lam has said she has no arrangement for Hong Kong popularity based change in the rest of her term

The CEO told correspondents that she had "fantasized" about appointive change in 2017 when she origi...

KEY HIGHLIGHTS OF POLICY ADDRESS 2020:- CARRIE LAM ON TOURISM, EMPLOYMENT, AND LEGCO 2021

HIGHLIGHTS

• Carrie Lam in her policy address 2020 mentioned the upliftment of Hong Kongers with opportunities to work in the mainland. She announced HK$430 million for the monetary scheme

She went on in her speech about the financial and economi...

HONG KONG CHIEF PLEDGES TO REMOVE CHAOTIC FORCES FROM THE CITY IN HER POLICY ADDRESS

HIGHLIGHTS

• Hong Kong Chief addressed the first time after a long time with no hurdles, protests, in the legislative council

She said the city had become a notorious child that needed disciplinary actions which the National Security Law has brou...

Insurance Policy Administration Systems Software Market is expected to Reach US$ 2162.33 Mn by 2022, owing to the Increasing Adoption of Cloud Technology Solutions across the Insurance Sector, says Absolute Markets Insights

Traditional policy management systems have been designed in the past in a monolithic way with very minimal specifications and capacity to integrate beyond the back-office environment. With growing advances and emerging technology, insurance policy management has evolved considerably, offering ver...

LDP POLICY CHIEF REVEALS POSSIBLE EXTENDED CASH HANDOUTS TO LOW-INCOME HOUSEHOLDS

Highlights –

• LDP policy chief reveals possible extended cash handouts to low-income households.
• PM Suga expected to order a third supplementary budget bill for fiscal 2020.
• The expected budget would be around $9.5 billion to $143.3 b...

BOJ IN POLICY MEETING CUTS ITS ECONOMIC GROWTH AND INFLATION PROJECTIONS

Highlights –

• BOJ in policy meeting cuts its economic growth and inflation projections.
• The central bank kept its ultra-easy monetary policy intact.
• BOJ kept the short-term interest rates at minus 0.1 percent.
• The BOJ a...

BANK OF JAPAN MAINTAINED ITS ULTRALOOSE MONETARY POLICY IN ITS TWO DAY MEETING

Highlights –

• Bank of Japan maintained its ultraloose monetary policy in its two-day meeting.
• The central bank however gave a slightly better assessment of the economy.
• The central bank maintained short-term interest rates at minus 0.1...

INDIAN VICE PRESIDENT NAIDU BACKS NEW EDUCATION POLICY

HIGHLIGHTS

• Indian Vice-President M Venkaiah Naidu expressed confidence that the New Education Policy (NEP), 2020.
• Mr. Naidu says that NEP 2020 would facilitate India to fully realize the demographic dividend.
• NEP can also make India, a know...

JASON WRIGHT: THERE IS A NEED FOR CONCRETE SOLUTIONS TO BRIDGE THE RACIAL WEALTH GAP

Highlights

• Blacks are 30% more likely to be underemployed 
• Their median hourly wage is 75 cents on the dollar 

Black Americans have been disproportionately affected for long. This issue has been again surfa...

BANK OF JAPAN TO CONSIDER OPTING FOR DIGITAL CURRENCIES

Highlights –

• Bank of Japan to consider opting for digital currencies.
• The Japanese government has put the agenda in its annual policy road map.
• The Bank of Japan is still under the testing phase of digital currencies.
• The ...

SOUTH KOREAN STOCK MARKET UPDATE AS OF THURSDAY – 28.5.2020

Highlights –

• South Korean stock market closed lower on Thursday.
• KOSPI lost 2.66 points, closed at 2,028.54.
• Foreigners bought a net $3 million.
• retail investors sold off a net $2.3 million

On Thursday (KS...

BANK OF KOREA SAYS COUNTRY MIGHT FACE ECONOMIC SLUMP THIS YEAR

Highlights –

• BOK cut its policy rate by 0.5 percent.
• BOK forecasts a 0.2 percent on-year contraction in the economy.
• BOK also forecasts the country’s economy to rebound next year by 3.1 percent.

According to a...

UK ECONOMY EXHIBITS POOR SHOW IN JANUARY

Highlights

• In the three months to January, the service sector showed no growth 
• The manufacturing sector has continued to show weaknesses

According to data published by the Office for National Statistics, the UK economy stagnate...