Shares of Deutsche Bank, Germany’s largest lender, experienced a significant drop on Friday, causing a ripple effect across other major European banks. The fall came amidst concerns about the stability of the global financial system, leading investors to sell off shares in banks. Deutsche Bank’s shares closed down 8.5% on the German stock exchange after dropping as much as 14% earlier in the day.
The steep decline in Deutsche Bank’s share price was linked to a rise in the cost to insure bondholders against the bank defaulting on its debts. Despite the worrying news, German Chancellor Olaf Scholz expressed confidence in the bank, saying that there was no cause for concern.
Deutsche Bank is one of 30 globally significant financial institutions, subject to international regulations requiring it to maintain higher levels of capital reserves. This means that the bank is better equipped to weather financial shocks than many smaller banks.
However, the drop in Deutsche Bank’s share price had a knock-on effect on other major European banks. Germany’s Commerzbank saw its shares close down 5.45%, while France’s Societe Generale fell by 6%. Austria’s Raiffeisen experienced the sharpest decline, with its shares closing down 7.9%.
Despite these drops, European leaders at a summit on Friday reassured investors that the financial system remained stable. They highlighted that the tougher regulations introduced after the 2008 financial crisis, which require banks to keep more cash on hand to cover deposits, had strengthened the system’s resilience.
In conclusion, the drop in Deutsche Bank’s share price had caused concerns about the stability of the European banking system. However, the stricter regulations introduced since the 2008 financial crisis have made the system more robust and less prone to sudden shocks. Nonetheless, investors and regulators must remain vigilant and proactive in identifying and addressing any potential weaknesses in the system.
The Congress Party has announced plans to hold a solidarity march following the sentencing of party leader Rahul Gandhi to two years imprisonment in a defamation case. Gandhi’s remarks about Prime Minister Narendra Modi’s surname made in 2019 led to his conviction by a Surat court.
However, the repercussions of the verdict extend beyond Gandhi’s personal fate. The Wayanad Lok Sabha constituency, which he represented, was declared vacant after his disqualification from Parliament. The Lok Sabha secretariat issued a notification on Friday, confirming Gandhi’s removal as a member of the Lower House of Parliament following his conviction.
The disqualification means that three seats in the Lok Sabha are now vacant: Jalandhar, Lakshadweep, and Wayanad. The Jalandhar seat became vacant after the passing of Congress member Santokh Singh Chaudhary, while the Lakshadweep seat was vacated after the disqualification of NCP member Mohammad Faizal P P due to his conviction in an attempted murder case.
Gandhi has been an active member of Parliament for nearly two decades, representing the Amethi parliamentary seat in the Lok Sabha from 2004 to 2019, before switching to Wayanad in the 2019 elections. His defeat in Amethi to BJP leader Smriti Irani was a major upset for the Congress Party, making his current predicament all the more difficult for the party.
The state government of Odisha in India has identified nearly 51,000 children below the age of 18 who have lost one or both parents to Covid-19 or other reasons during the pandemic. In response, the government has launched the Ashirbad scheme, which will provide financial assistance to these children.
According to Women and Child Development Minister Basanti Hembram, children who have lost both parents will receive INR 2,500 per month, while those who have lost a parent who was the family’s breadwinner will receive INR 1,500 per month. Orphan children residing in childcare institutions will receive INR 1,000 per month. The financial assistance will continue until the child turns 18.
The Ashirbad scheme covers children who have lost their parents or main earning member on or after April 1, 2020, due to Covid-19. The funds will be deposited directly into the bank accounts of the beneficiaries or the family members who have taken responsibility for the children after the death of their parents.
In addition to the Ashirbad scheme, the central government’s PM Cares scheme has covered 108 children from Odisha who lost both parents due to the Covid-19 pandemic.
The scheme aims to provide support to the vulnerable children who have been affected by the pandemic, ensuring they have access to basic necessities and can continue their education.
Bolangir District, Odisha – The people of Nandupala village in Khaprakhol block were in for a pleasant surprise last Friday when they discovered that the water coming out of a bore well near Harishankar was mixed with gold particles.
News of the discovery quickly spread, drawing hundreds of curious visitors from nearby villages to witness the phenomenon. Local authorities were also notified, and the block development officer, tehsildar of Khaprakhol, and police officials promptly arrived at the site to collect samples.
After collecting the samples, the officials stated that the samples have been sent to laboratories for testing. The tehsildar of Khaprakhol, in a statement to the press, confirmed that they are waiting for the results of the tests.
This unexpected occurrence has caused quite a stir in the village, with locals excitedly discussing the potential benefits that could come from the discovery. The discovery has also caught the attention of many outside the region, with people expressing their interest and amazement on social media.
This is an ongoing story, and we will bring you the latest updates as soon as they become available.
Former Russian President Dmitry Medvedev Warns Arrest of Putin Could Lead to War Over ICC War Crimes Warrant
The International Criminal Court (ICC) recently issued an arrest warrant for Russian President Vladimir Putin, accusing him of war crimes in connection with the deportation of Ukrainian children during the conflict in Ukraine. However, former Russian President and staunch Putin ally Dmitry Medvedev warned that any attempt to arrest Putin would be considered a declaration of war against Russia.
Speaking to journalists, including state news agency TASS, Medvedev also stated that he saw no prospect for reviving Russia’s ties with the West in the near future, and reiterated his belief that Ukraine was part of “Greater Russia”. As the deputy chairman of Russia’s security council, Medvedev also commented on the growing threat of nuclear conflict, claiming that Russia’s nuclear parity with the US and their allies, and even Russia’s superiority, guarantees its integrity despite efforts from the West to break the country up.
The Russian side has strongly rejected the ICC warrant and questioned its legality. Meanwhile, Ukrainian forces continue to face pressure from Russian forces, especially in the city of Bakhmut in eastern Ukraine.”
Paris: France is experiencing the ninth nationwide day of strikes as citizens protest against an unpopular pension bill that would raise the retirement age from 62 to 64. The strikes have caused disruptions in train services and the closure of some schools. Protesters have also blocked highways and bus depots, with garbage piling up on the streets.
President Emmanuel Macron has stated that the legislation will come into force by the end of the year, despite ongoing rallies against the bill since January led by worker unions. Philippe Martinez, who leads the hardline CGT union, said that the best response to the president’s decision is the presence of millions of people on strike and in the streets.
While most protests have been peaceful, the government’s decision to push the bill through parliament without a vote has caused more anger among the protesters. In the past seven days, there have been spontaneous demonstrations in Paris and other cities, with angry protesters setting fire to rubbish bins and getting into scuffles with police.
Labour unions have called for a day of strikes and protests to draw huge crowds against Macron’s “scorn” and “lies”. Polls have shown that a wide majority of French citizens are opposed to the pension legislation, and the government’s decision to push it through parliament without a vote has worsened the situation.
Labour Minister Olivier Dussopt acknowledged the government’s understanding of the anger among citizens, but stated the need to move on. “There is a disagreement that will persist on the retirement age. On the other hand, there are many subjects that make it possible to renew dialogue,” he said.
The ongoing protests have caused disruptions to daily life in France, with citizens expressing their discontent and opposition to the government’s decision regarding the pension bill.
Gwyneth Paltrow appeared in Park City court via YouTube
Gwyneth Paltrow, an actress, has appeared in court in Park City for the start of a trial over a skiing accident that occurred in Utah in 2016. Gwyneth Paltrow is accused of crashing into Terry Sanderson, causing him several serious injuries, and then leaving the scene while they were both skiing on a beginner’s run at Deer Valley Resort. The trial is being streamed live on YouTube.
Sanderson, a retired optometrist, filed the lawsuit in 2019, three years after the collision. He claims that the accident left him with a brain injury, four broken ribs, and emotional damage. Sanderson also alleges that Paltrow left the scene without providing her name, contact information, or calling for help.
During the opening arguments, Lawrence Buhler, an attorney for Sanderson, stated that distracted skiers cause accidents and that Paltrow knew that looking up the mountain and to the side while skiing down was dangerous.
Gwyneth Paltrow’s attorney, Stephen Owens, told the jury that Sanderson’s claims were completely fabricated and that the actress did not bolt from the scene after colliding with him.
Hanuman Vatikais named after one of the tallest statues of Hanuman and was inaugurated in the year 1994 by the former Chief Minister of Orissa, Biju Patnaik. The statue of Hanuman is 75 feet tall and there are also several temples dedicated to Bata Managla, Binayak, Vaishnodevi, Sarala, Dwadash Linga, Siva, Santoshi Maa, and Maa Laxmi for devotees to visit.
Due to its beautiful scenery and green surroundings, many visitors come to this place every day. The Hanuman Vatika Trust Board manages the sprawling campus, which covers an area of 13 acres. In addition, there is a kalyan mandap for various social functions such as marriages, Bratostaba, and Ekoishia.
Location of Hanuman Vatika
India is a land of spirituality and diverse religious beliefs. The country has numerous temples, shrines, and parks dedicated to different gods and goddesses. One such religious park is Hanuman Vatika located in Rourkela, Odisha. Hanuman Vatika is a significant destination for devotees of Lord Hanuman. The park is known for its serene ambiance, beautiful landscapes, and devotional atmosphere.In this article, we will explore the history, significance, and attractions of Hanuman Vatika. We will also answer some frequently asked questions about this holy park.
History of Hanuman Vatika Rourkela
The Hanuman Vatika Raourkela was built in the early 1990s by the Rourkela Steel Plant, a public sector undertaking in India. The temple was built to cater to the spiritual needs of the employees of the steel plant and the local community. Over the years, the temple complex has grown in popularity and is now a major pilgrimage site for devotees from all over the country.
Architecture and Design of the Hanuman Vatika
The main attraction of Hanuman Vatike is 75ft tall Statute of loard Hanuman, is a stunning structure, adorned with intricate carvings and colorful decorations. The temple is built in the traditional Hindu architectural style, with a gopuram (tower) at the entrance, adorned with statues of Hindu deities. The temple also has several other smaller shrines dedicated to different Hindu deities, including Lord Shiva, Goddess Durga, and Lord Ganesha.
The temple complex is not just a place of worship, but also a work of art. The intricate carvings on the walls and pillars of the temple depict scenes from Hindu mythology and folklore. The temple also has a beautiful water fountain and a garden with a variety of flowering plants.
Spiritual Significance of Hanuman Vatika
Hanuman Vatika Raourkela is primarily a place of worship for Hindus, who come here to seek the blessings of Lord Hanuman and other Hindu deities. Lord Hanuman is a revered deity in Hinduism and is considered to be an embodiment of devotion and strength. Devotees come to the temple complex to offer prayers and seek the blessings of the deity.
The serene atmosphere of the temple complex, combined with the soothing sound of mantras and hymns, creates a calming effect on the mind and soul. The temple complex offers a serene and peaceful environment, perfect for those seeking spiritual solace. The beautiful gardens, colorful decorations, and intricate carvings make the temple complex a feast for the eyes.
Apart from being a place of worship, Hanuman Vatika is also a popular tourist destination. Visitors can take a leisurely stroll through the gardens and enjoy the beauty of the lush greenery and vibrant flowers. Hanuman Vatika also has a cafeteria where visitors can enjoy a variety of vegetarian dishes.
Festivals at Hanuman Vatika
Hanuman Vatika hosts various festivals throughout the year, including Hanuman Jayanti, Navratri, and Diwali. During these festivals, the temple complex is decorated with colorful lights and decorations, and devotees from all over the country visit to seek the blessings of Lord Hanuman and other Hindu deities.
During Hanuman Jayanti, which falls in the month of April, the temple complex is beautifully decorated with flowers and lights. The temple complex is abuzz with devotees chanting hymns and offering prayers to Lord Hanuman. Navratri, which falls in the month of October, is a nine-day festival dedicated to Goddess Durga, another revered Hindu deity. During Navratri, the temple complex is decorated with colorful lights, and devotees come dressed in traditional attire to offer prayers and seek the blessings of the goddess.
Diwali, also known as the festival of lights, is celebrated with great fervor at Hanuman Vatika Raourkela. The temple complex is decorated with diyas (oil lamps) and colorful lights, and devotees visit to seek the blessings of Lord Hanuman and Goddess Lakshmi, the Hindu goddess of wealth and prosperity.
FAQs about Hanuman Vatika Raourkela
Q. Where is Hanuman Vatika? A. Hanuman Vatike is situated in beautiful city Rourrkela, Which is also known as Steel City
Q. Is there an entry fee for visiting Hanuman Vatika? A. No, there is no entry fee for visiting the Hanuman Vatika
Q. Are there any accommodation options near Hanuman Vatika? A. Yes, there are several accommodation options near Hanuman Vatika, ranging from budget hotels to luxury resorts.
Q. Can non-Hindus visit Hanuman Vatika? A. Yes, the temple complex is open to people of all religions and faiths.
Conclusion
Hanuman Vatika Raourkela is not just a temple complex, but a spiritual oasis that offers solace to the mind and soul. The temple complex is a stunning work of art, with its intricate carvings, colorful decorations, and serene gardens. The spiritual significance of the temple complex, combined with its scenic beauty, makes it a must-visit destination for anyone traveling to Rourkela or the surrounding areas.
Whether you are a devout Hindu seeking spiritual solace or a curious traveler looking to explore the beauty of Indian culture and tradition, Hanuman Vatika Raourkela is a place that is sure to leave a lasting impression on your mind and soul.
A powerful earthquake struck Afghanistan on Tuesday, causing tremors to be felt across North India. The quake measured 7.5 on the Richter scale and lasted for nearly two minutes. The epicenter of the quake was reported to be in the Hindu Kush region, which is situated in northeastern Afghanistan. The impact of the earthquake was felt in many parts of the region, including Afghanistan, Pakistan, and India.
Quake Hits Afghanistan
The earthquake struck at around 1:39 PM local time in Afghanistan. The tremors were felt across the country, causing people to run out of their homes and offices in panic. The quake was so powerful that it caused buildings to sway and shake violently. The capital city of Kabul was also hit by the quake, with many buildings and homes suffering damage.
The Impact on Pakistan
The impact of the earthquake was also felt in Pakistan, with many people running out of their homes in fear. The quake was particularly strong in the northern areas of Pakistan, including the Khyber Pakhtunkhwa province. There were reports of damage to buildings and infrastructure in the affected areas.
Tremors Felt Across North India
The impact of the quake was also felt across North India, including the cities of Delhi, Jaipur, and Lucknow. The tremors were particularly strong in the northern states of Punjab, Haryana, and Jammu and Kashmir. In some areas, the tremors lasted for nearly two minutes, causing people to rush out of their homes and offices.
The Aftermath of the Quake
The earthquake caused widespread panic in the affected areas, with many people still afraid to return to their homes and offices. There were reports of damage to buildings and infrastructure in many areas, including in Afghanistan, Pakistan, and India. The authorities in the affected areas are still assessing the damage caused by the quake.
The Importance of Being Prepared
This earthquake serves as a reminder of the importance of being prepared for such natural disasters. Earthquakes can strike at any time, and it is important to be aware of the risks and take steps to protect oneself and one’s family. This includes having an emergency plan in place, stocking up on essential supplies, and being aware of the nearest safe zones in case of an earthquake.
The earthquake that struck Afghanistan on Tuesday was a powerful reminder of the destructive power of natural disasters. It caused widespread panic and damage in many parts of the region, including in Afghanistan, Pakistan, and India. While it is impossible to predict when such events will occur, it is important to be prepared and take steps to protect oneself and one’s family.
FAQs
Q. What was the magnitude of the earthquake that hit Afghanistan? A.The earthquake measured 7.5 on the Richter scale.
Q. Which areas were most affected by the earthquake? A. The quake was particularly strong in the northern areas of Pakistan and in the northern states of Punjab, Haryana, Jammu and Kashmir in India.
Q. Was there any damage caused by the earthquake? A. Yes, there were reports of damage to buildings and infrastructure in many areas.
Q. What steps can people take to be prepared for earthquakes? A. People can have an emergency plan in place, stock up on essential supplies, and be aware of the nearest safe zones in case of an earthquake.
Q. Can earthquakes be predicted? A. Unfortunately, earthquakes cannot be predicted with certainty, which is why it is important to be prepared for them at all times.
London: At a recent event in the United Kingdom, it has been reported that some individuals with links to the Pakistan-sponsored Khalistani movement attempted to take down the Indian flag at the High Commission of India in London. However, the Indian security personnel present at the scene were able to rescue the flag and prevent it from being taken down.
The Khalistani movement is a separatist movement seeking to establish an independent Sikh state in Punjab, India. The movement has been associated with violence and terrorism in the past. The incident at the High Commission of India in London highlights the ongoing tensions between the Indian government and some sections of the Sikh community overseas.
The Indian government strongly condemned the attempt to pull down the Indian flag by Khalistani elements at the High Commission of India in London. The Ministry of External Affairs issued a statement expressing its concern and urging the UK government to take action against those responsible for the incident.
The Indian High Commissioner to the UK, called the incident “unacceptable” and praised the quick action taken by the security personnel to prevent any damage to the flag. The Indian government has been concerned about the activities of Khalistani elements overseas and has been urging foreign governments to take action against them.
#WATCH | United Kingdom: Khalistani elements attempt to pull down the Indian flag but the flag was rescued by Indian security personnel at the High Commission of India, London.
