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  • ‘Indian govt hasn’t received any US communication in Adani case’: MEA spokesperson

    MEA spokesperson Randhir Jaiswal said the US hasn't communicated to India about case involving Adani Group and the U.S. Department of Justice
    MEA spokesperson Randhir Jaiswal said the US hasn’t communicated to India about case involving Adani Group and the U.S. Department of Justice. Photo courtesy: Video grab

    India has not received any communication from the United States regarding the legal matter involving the Adani Group and the U.S. Department of Justice (DoJ), the Ministry of External Affairs (MEA) stated during its weekly briefing.

    “This is a legal matter involving private firms and individuals and the U.S. Department of Justice. Obviously, there are established procedures and legal avenues in such cases which we believe would be followed. The government of India was not informed in advance on the issue,” MEA spokesperson Randhir Jaiswal told reporters in New Delhi, according to NDTV.

    “We haven’t also had any conversation on this particular matter with the U.S. government,” Jaiswal added. 

    He explained that requests from foreign governments for services such as summons or arrest warrants fall under mutual legal assistance and are evaluated on their merits.

    “We have not received any request on this case from the U.S. side,” the spokesperson reiterated.

    “This is a matter which pertains to a private individual and private entities. The government of India is not a part of it in any manner at this point in time.”

    The U.S. Department of Justice and the Securities and Exchange Commission (SEC) have filed an indictment and a civil complaint, respectively, in the U.S. District Court for the Eastern District of New York.

    The Adani Group, however, has clarified that its chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain are not implicated in any bribery allegations.

    “Mr. Gautam Adani, Mr. Sagar Adani, and Mr. Vneet Jaain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the U.S. DoJ or the civil complaint of the U.S. SEC,” the Adani Group stated, referring to the U.S. Foreign Corrupt Practices Act (FCPA).

    The group emphasized that two of the five counts in the DoJ indictment—conspiracy to violate the FCPA and conspiracy to obstruct justice—do not mention the three executives.

    The statement attributed “incorrect and reckless reporting” to a “flawed understanding” of the indictment by both Indian and foreign media outlets, which led to claims of corruption and bribery charges against the Adani directors.

    The Adani Group also noted that the indictment relies solely on allegations that bribes were discussed or promised, without presenting evidence that Indian government officials received bribes from its executives.

    Senior lawyer Mukul Rohatgi commented during a press conference, stating, “There’s no detail in the chargesheet about who has been bribed.”

    The group further criticized the U.S. legal actions and media reporting, stating they have caused significant damage to the conglomerate.

    “The ill-founded U.S. action and reckless false reporting have led to significant repercussions for the Indian conglomerate, such as international project cancellations, financial market impact, and sudden examination from strategic partners, investors, and the public,” the Adani Group said.

  • Indian, Sri Lankan Navies jointly conduct operation to seize 500 kg narcotics from fishing boats in Arabian sea

    Indian, Sri Lankan Navies conduct joint operation to seize narcotics
    Indian, Sri Lankan Navies conduct joint operation to seize narcotics from fishing vessels in Arabian Sea. Photo Courtesy: PIB

    Based on information received from the Sri Lankan Navy regarding probable narcotics smuggling by ‘Sri Lankan flagged’ fishing vessels in the Arabian Sea, the Indian Navy responded through a coordinated operation to localise and intercept the boats to seize 500 kg of narcotics (Crystal Meth).

    “Extensive surveillance was undertaken by Indian Naval Long Range Maritime Patrol Aircraft and Remotely Piloted Aircraft, based on inputs from the Information Fusion Centre (Indian Ocean Region), Gurugram, and an Indian Naval ship was deployed to augment efforts,” read a statement issued by the Indian government on the operation.

    Two boats were identified based on continuous inputs from the Sri Lankan Navy and aerial surveillance by IN aircraft.

    “Subsequently, in a closely coordinated operation between the ship and the aerial assets, both boats were boarded by the ship’s boarding team on 24 and 25 Nov 24, leading to the seizure of approximately 500 kg of narcotics (Crystal Meth),” the statement said.

    One additional IN ship was also tasked to augment the force level for the conduct of anti-narcotics operations.

    The two boats, along with crew and seized narcotics, are being handed over to Sri Lankan authorities for further legal action.

    The operation reaffirms the close partnership and bonds developed between the two countries and navies.

    It also symbolizes the combined resolve of both navies to address regional maritime challenges, and ensure safety and security in the Indian Ocean Region.

  • ILO says wages are recovering after negative shift in 2022

    International Labour Organisation says wages are recovering after negative shift in 2022
    Porters work at a metal market in Narayana in New Delhi, India. Photo Courtesy:   ILO/Marcel Crozet

    Pay packets around the world rose 1.8 per cent in 2023 and continued their positive trajectory in the first half of the year, rising by 2.7 per cent on the back of a strong post-COVID global recovery, the UN International Labour Organization (ILO) said on Thursday.

    “If this trend is confirmed, it will be the largest gain in more than 15 years… however, this positive trend is not shared equally across regions,” said ILO Director-General Gilbert Houngbo.

    Speaking in Geneva at the launch of ILO’s Global Wage Report, Houngbo noted that today’s global wage gains reflect a notable recovery compared with the 0.9 per cent decline in 2022, when high inflation – and higher prices – outpaced wage growth.

    The trend for bigger pay packets is less marked in highly-industrialized economies, however, where wages “grew modestly” by 0.9 per cent last year, the ILO chief said. This contrasts with a bumper near-six per cent wage increase in emerging economies in 2023 after a 1.8 per cent rise in 2022 – a positive trend that has continued in 2024.

    Despite this welcome development, prices remain too high for low-income households who have continued to struggle with the rising cost of living. “Inflation – albeit reduced – remains a harsh reality in many emerging and developing countries,” the UN labour agency chief noted.

    Regional trends

    From a regional viewpoint, average wages increased faster in Asia and the Pacific, Central and Western Asia, and Eastern Europe, compared to the rest of the world.

    In 2022, Africa, Asia and the Pacific, and Central and Western Asia were the only regions that witnessed increases in average wages in 2022, while average real wages decreased in all other regions. Declines ranged from minus 0.8 per cent in Eastern Europe to minus 3.7 per cent in Northern, Southern and Western Europe, ILO said.

    In 2023, wage growth was positive in most regions, with the exception of Africa, Northern America, and Northern, Southern and Western Europe.

    In 2024 – except for African and Arab States, where average real wages remained stable – wages grew in all regions in 2024, from 17.9 per cent in Central and Western Asia, to 0.3 per cent in Northern America.

    Productivity gains conundrum

    Amid these gains, ILO pointed out that productivity increased “more rapidly” than wages in high-income countries from 1999–2024 (a 29 per cent output increase compared with a 15 per cent pay packet change). This discrepancy originated mainly between 1999 and 2006, then during the financial crisis of 2008 to 2009 and latterly as a result of the COVID-19 crisis.

    According to ILO data crunched from some 150 countries, wage inequality – the difference between the lowest and highest-paid workers – has decreased in two-thirds of countries since the early 2000s, at an average annual rate of between 0.5 and 1.7 per cent.

    “The most significant decreases occurred among low-income countries where the average annual decrease ranged from 3.2 to 9.6 per cent in the past two decades,” the UN agency explained.

    Conversely, wage inequality has remained stubbornly persistent in wealthier countries, shrinking annually between 0.3 and 1.3 per cent in upper-middle-income-countries and 0.3 to 0.7 per cent in high-income countries. “Decreases were more significant among wage workers at the upper end of the pay scale,” ILO said.

  • Max Life Insurance survey reveals only 24 percent Indians confident of their savings lasting beyond 10 years post-retirement

    The Indian life and health insurance markets are significantly underinsured compared to global standards, leaving a large portion of the population vulnerable to financial distress in the face of health crises or loss of life. The India Retirement Index Study (IRIS), an annual retirement study by Max Life Insurance and KANTAR, reported its findings recently. The survey aims to understand the retirement readiness of urban India, with insights into awareness, aspirations and challenges of consumers during retirement and its planning. India retirement index is the degree to which Indians feel prepared for tomorrow’s retired life on a scale 0 to 100. It is based on how prepared India is for a healthy, peaceful and financially independent post-retirement life.

    Representational image. Photo courtesy: Unsplash
    Representational image. Photo courtesy: Unsplash

    As per the survey’s fourth edition, southern India (48) stands behind eastern India (54) and western India (49), as well as the national average of 49. This score, however, places the region at par with northern India.

    Rahul Talwar, EVP & Chief Marketing Officer, Max Life Insurance. Photo courtesy: Collected
    Rahul Talwar, EVP & Chief Marketing Officer, Max Life Insurance. Photo courtesy: Collected

    Rahul Talwar, EVP & Chief Marketing Officer, Max Life Insurance, commented: “As highlighted by IRIS 4.0, South India continues its journey towards building holistic retirement readiness with a steady index score of 48 points. While there is stability, there is also a need for greater financial planning and health focus as showcased in the slender financial and health index movements. At Max Life Insurance, we are dedicated to addressing these gaps by empowering individuals with tailored solutions and insights that drive proactive retirement planning. Together, we aim to create a secure future for all.”

    Key findings from the survey

    As per IRIS 4.0 — which surveyed 2077 people across 28 cities between June and July, 2024, through self-administered digital study — 57 percent of people living in urban India believe that their retirement savings will be exhausted in only 10 years into their retirement. Only 24 percent are confident that their retirement savings will last for more than 10 years into retirement.

    It further found that 31 percent of people in India are still not sure of the corpus required to sustain their current lifestyle after retirement.

    IRIS 4.0 infographic. Photo courtesy: www.maxlifeinsurance.com
    IRIS 4.0 infographic. Photo courtesy: www.maxlifeinsurance.com

    As per the survey, 44 percent of respondents believe that retirement planning should begin before 35 years of age.

    Sixty-three percent of respondents living in urban India have already started planning for their golden chapter.

    Lack of a trusted advisor — as stated by 31 percent of the respondents — acts as a barrier to retirement planning.

    Eighty-two percent of respondents feel environmental change will affect their retirement life.

    Forty-eight percent of women felt confident that they’ll stay fit in their golden years (after 65 years of age).

    Three in 4 gig workers said they feel their retirement age would be lonely.

  • World Chess Championship: D Gukesh takes third game to make it even, Ding Liren to bank on resilient past for crown

    With nerves no longer a concern for him, 18-year-old Indian Grandmaster D Gukesh will hold the psychological edge against a slightly shaken defending champion, Ding Liren of China, when the two resume their intriguing battle for the World Championship crown in the fourth round in Singapore on Friday, November 29.

    D Gukesh was all smiles after his win against Ding Liren in the third game of the ongoing World Chess Championship in Singapore. Photo courtesy: @engchinan and @photochess via twitter.com/FIDE_chess
    D Gukesh was all smiles after his win against Ding Liren in the third game of the ongoing World Chess Championship in Singapore. Photo courtesy: @engchinan and @photochess via twitter.com/FIDE_chess

    Having demonstrated better preparation and claimed his first victory in the third game on Wednesday, November 27, the teenager is expectedly upbeat and would be looking to just relax on the first rest on Thursday.

    With a maximum of 11 games remaining under classical time control, the scores are tied at 1.5 each. This was after Liren won the opener with black pieces and the second game ended in a draw.

    Ding Liren was put into pressure with a superb opening move by Gukesh in the third game. Photo courtesy: @engchinan and @photochess via twitter.com/FIDE_chess
    Ding Liren was put into pressure with a superb opening move by Gukesh in the third game. Photo courtesy: @engchinan and @photochess via twitter.com/FIDE_chess

    Gukesh has clearly shown better preparation, while Liren’s calculation let him down in the third game. The match had started with Gukesh facing the Chinese in a French defence game with white pieces and his initial progress gave the Indian a huge time advantage, which he held till the end.

    “It’s always nice to win a game, also for the first against such a strong opponent. I think it means more that I got a win in the World Championship, and a very important win,” a visibly pleased Gukesh had said after Wednesday’s game.

    The youngster lost the opener, playing badly in a complicated middle game, but could take heart from the fact that his preparation had come good.

    In the second game, which was his first white, Liren chose a solid variation in the Italian opening and Gukesh had no troubles whatsoever in equalising easily out of the opening itself.

    The game ended in a mere 23 moves vide repetition, earning Gukesh a lot of respect for his flawless play with a slightly unfavourable colour.

    Coming in to the third game ahead of the first rest day, Gukesh decided to put all his energy and his opening choice yet again made Liren spend more than half of the allotted time on the first 14 moves itself.

    The Chinese later missed an easy equalising method on his 18th turn, but it was largely caused by the initial pressure exerted by the Indian.

    With scores level, it is unlikely that Liren will pull out all the stops in the next game. Instead, a more cautious approach is expected, as the Chinese champion will hope his skills hold up in crucial moments, avoiding a repeat of the previous slip-ups.

    Gukesh, however, will be eager to ride the wave of his success as long and as far as possible. His first victory in the match must have provided a significant confidence boost for the Chennai-based player.

    If he continues to surprise, particularly with the white pieces, he stands to reap the rewards in the coming games.

    In the last world championship match that he won, Liren was trailing thrice but came back to even the scores against Ian Nepomniachtchi of Russia.

    In fact, the only time he went ahead was on the final day when the tiebreaker decided the fate of the title.

    Writing off Liren would surely not be wise given his fighting qualities, but it remains to be seen how he handles things against someone who is 14 years younger and quite evidently, very hungry for success.

    “…the result of the game will maybe influence my emotions during the rest day,” the 32-year-old said candidly after Wednesday’s loss, and it remains to be seen how he pulls himself together.

    Overall, the match seems interestingly poised after Gukesh’s victory and the chess buffs could not have asked for more in the first three games.

  • UG students in India to get option to shorten, extend duration of degree courses, says UGC chief

    Higher education institutions will soon be able to offer an option to undergraduate students to shorten or extend their study durations instead of the standard duration of their degree programmes, according to UGC Chairman Jagadesh Kumar.

    Representational image. Photo courtesy: Unsplash
    Representational image. Photo courtesy: Unsplash

    The University Grants Commission (UGC) has approved the SOPs for HEIs to offer the Accelerated Degree Programme (ADP) and Extended Degree Programme (EDP) in a meeting this week. The draft norms will now be put in the public domain for feedback from stakeholders.

    While the degrees will mention a self-contained note that the academic requirements required in a standard duration have been completed in a shortened or extended duration, they will be treated at par with standard duration degrees for academic and recruitment purposes.

    “Students can use this option to shorten or extend their study durations based on their learning abilities. ADP allows students to complete a three-year or four-year degree in reduced time by earning additional credits per semester, while EDP enables an extended timeline with fewer credits per semester,” Kumar told PTI.

    “Under ADP and EDP, students earn the same total credits as in the standard-duration programme. The higher education institutions will establish committees to evaluate students’ eligibility for these programmes. These degrees will be equivalent to standard duration degrees for all employment and academic purposes,” he added.

    According to the SOPs, the institutions may earmark up to 10 per cent of the sanctioned intake for ADP. The HEIs may constitute a committee to scrutinize applications received at the end of the first or the second semester under EDP and ADP and select students accordingly.

    In the ADP, students will follow the same curriculum content and total credits prescribed for the programme for a standard duration.

    “The only change will be in the duration of the programme. Students shall have the option to choose ADP either at the end of the first semester or the second semester and not beyond that. Students opting for the ADP will earn additional credits per semester starting from the second or third semester, depending on when they transition to the ADP,” Kumar said.

    UGC Chairman, Prof. M. Jagadesh Kumar. Photo courtesy: x.com/ugc_india
    UGC Chairman, Prof. M. Jagadesh Kumar. Photo courtesy: x.com/ugc_india

    “If they join the ADP after the first semester, they will begin earning extra credits from the second semester onward. Similarly, if they join the ADP after the second semester, the additional credit load will start from the third semester onward,” he added.

    In a three-year or four-year undergraduate programme, the duration may be extended up to a maximum of two semesters.

    “Accordingly, students can earn fewer credits in each semester. Based on the credit structure in the Curriculum and Credit Framework for Undergraduate Programmes, the committee shall decide the minimum number of credits a student must earn in a semester in EDP,” he said.

    The commission has noted that the HEIs may issue degrees for students on completion of the programme in the opted duration (shortened or extended duration) and need not wait to complete the standard duration for the award of the formal degree.

    “For the accelerated and extended degrees, a self-contained note should be added in the degree stating that the academic requirements required in a standard duration have been completed in a shortened or extended duration.

    “For an ADP of a four-year undergraduate programme, the note should specify that the student completed the academic requirements of a four-year programme in six or seven semesters, as the case may be,” Kumar said.

  • Bangladesh High Court refuses to ban ISKCON activities in the country

    The High Court in Bangladesh on Thursday, November 28, has refused to ban ISKCON’s activities in the country, a local newspaper reported, just days after a lawyer was killed in a clash between security personnel and supporters, following a Hindu leader arrest on sedition charges.

    Sri Sri Radha Madhava is the main deities of ISCKON. Photo courtesy: www.mayapur.com
    Sri Sri Radha Madhava, the main deities of ISCKON. Photo courtesy: www.mayapur.com

    A lawyer had sought a ban from the High Court on the International Society for Krishna Consciousness (ISKCON) after placing some newspaper reports related to the organisation on Wednesday.

    The court had asked the attorney general to inform it about the steps taken by the government regarding ISKCON’s recent activities, according to The Daily Star.

    Hindu leader Chinmoy Krishna Das’ arrest triggered clashes on Tuesday during which Advocate Saiful Islam, an assistant public prosecutor, was killed.

    Addressing India's remarks on the matter, Bangladesh stated that the monk's arrest had been "misconstrued by certain quarters" and described India's statement as "unfounded" and "contrary to the spirit of friendship."
    Hindu leader Chinmoy Krishna Das. Photo Courtesy: Save Bangladeshi Hindus X page

    When the High Court proceedings started on Thursday, the attorney general’s office placed the information sought by the court before the bench of Justice Farah Mahbub and Justice Debasish Roy Chowdhury, The Daily Star said.

    Additional Attorney General Aneek R Haque and Deputy Attorney General Asad Uddin informed the HC bench that three separate cases have been filed in connection with the murder of lawyer Saiful Islam Alif and ISKCON’s activities, and 33 accused have been arrested in these cases.

    ALSO READ: Six arrested amid massive protests demanding justice for murdered Bangladeshi lawyer Saiful Islam Alif

    The bench then hoped that the government would remain cautious about protecting the law and order situation and lives and properties of the people of Bangladesh, the newspaper added.

    India on Tuesday noted with “deep concern” Das’ arrest and denial of bail, and urged Dhaka to ensure the safety and security of Hindus and all other minority groups.

    Separately, a group of Bangladesh Supreme Court lawyers sent a legal notice to the government on Wednesday, seeking a ban on ISKCON while describing it as a “radical organisation”.

    The notice, sent by Al Mamun Russell on behalf of 10 lawyers, also demanded prosecution of those responsible for Advocate Islam’s murder, The Dhaka Tribune newspaper said quoting the notice.

    “ISKCON has been operating in Bangladesh as a radical organisation, engaging in activities designed to provoke communal unrest,” the notice alleged.

    Citing a book by former Bangladeshi intelligence officials, the notice alleges that ISKCON has been promoting religious events “with the intent of inciting sectarian violence”, “imposing its beliefs on traditional Hindu communities,” and forcibly recruiting members from lower Hindu castes, the newspaper said.

    Russel’s notice was addressed to the Ministry of Home Affairs, the Ministry of Law and Justice, and the Inspector General of Police and called for an immediate ban on ISKCON in Bangladesh under relevant section of the Anti-Terrorism Act, 2009.

    Earlier, the ISKCON had urged the Bangladesh authorities to promote “peaceful coexistence” for Hindus in the country as it “strongly” denounced Das’ arrest.

    Das, the spokesperson for Bangladesh Sammilita Sanatani Jagran Jote, was arrested from Dhaka’s Hazrat Shahjalal International Airport on Monday as he was about to fly to Chattogram to join a rally.

    He was denied bail and sent to jail by the Chattogram’s Sixth Metropolitan Magistrate court in a sedition case on Tuesday.

    In a statement on Tuesday, ISKCON Bangladesh General Secretary Charu Chandra Das Brahmachari said, “We express our serious concern and strongly denounce the recent arrest of Chinmoy Krishna Das … We also condemn the subsequent violence and attacks against Sanatanis in various regions of Bangladesh.”

  • UAE introduces first licensed lottery with prize money equivalent to USD 27.2 million

    UAE launches first licenced lottery
    UAE launches first licenced lottery. Photo Courtesy: Unsplash

    People can now try their luck in the UAE with the country launching its first-ever regulated lottery operation that offers winners the jackpot of 100 million dirhams (AED) which is equivalent to USD 27.2 million.

    The inaugural live draw will take place on December 14.

    The UAE Lottery is managed by The Game LLC, an Abu Dhabi-based operator licensed by the General Commercial Gaming Regulatory Authority (GCGRA) in July this year, reported Khaleej Times.

    The lottery offers a wide range of games for residents of the country who are aged 18 and above.

    Players will need to be physically present in the country at the time of playing the games.

    Tickets are currently available on the company’s website.

     In addition to the Dh100-million jackpot that is part of the ‘Lucky Day’ game, seven ‘Lucky Chance IDs’ are “guaranteed” to win Dh100,000 each. Each entry costs Dh50, Khaleej Times reported.

    Bishop Woosley, director of Lottery Operations at The Game, told the newspaper: “We aim to create exciting experiences while promoting responsible play. Following a rigorous GCGRA evaluation, our team remains committed to ensuring that all operations meet global standards, guaranteeing fairness and transparency from the draw process to the selection of winners.”

  • Six arrested amid massive protests demanding justice for murdered Bangladeshi lawyer Saiful Islam Alif

    Bangladesh police have arrested six suspects in connection with the killing of lawyer Saiful Islam Alif in Chittagong city  during a clash between police and followers of arrested Hindu priest Chinmoy Krishna Das, media reports said.

    The six were identified through video footage, The Daily Star reported quoting the press wing of the Chief Adviser's office.
    Lawyer Saiful Islam Alif was killed during a clash between protesters and police outside a court in Chittagong where Chinnmoy Krishna Das was presented. Photo Courtesy: Dr. Shafiqur Rahman X page

    The six were identified through video footage, The Daily Star reported quoting the press wing of the Chief Adviser’s office.

    The police also detained 21 people for vandalising and assaulting cops during Tuesday’s clash outside the Chittagong court where the arrested ISKCON leader was presented.

    According to reports, police resorted to lathi-charge and clashed with the protesting followers of Chinmoy Krishna Das outside the court after the Hindu monk’s bail plea was rejected.

    The lawyer sustained severe injuries during the clash and was rushed to Chittagong Medical College Hospital where the doctors pronounced him dead.

    At least 10 people were reportedly injured during the clash.

    Lawyers demand justice for Saiful Islam Alif

    A large number of lawyers demonstrated in Dhaka over the killing of Saiful Islam Alif and demanded justice for him.

    More than 200 lawyers participated in the demonstration and gave a 24-hour deadline to authorities to arrest those involved in the incident.

    They warned that court and other legal operations would be disrupted if their demands were not met.

    Advocate Syed Nazrul Islam told Dhaka Tribune: “Identified assailants have murdered one of our own. They must be brought to justice within 24 hours. If not, we will take necessary actions as a united body, and all courts across the country will cease operations.”

    Chittagong witnessing demonstrations

    A large number of people from different sections of society protested in Chittagong city and demanded a trial for those involved in the killing of the lawyer.

    The protest began around 12:00pm at the Tigerpass intersection in Chattogram city, reported The Daily Star.

    Tasnimul Hasan Jaki, Saiful’s nephew, told the newspaper, “We didn’t know anything about the incident until we received a call from Chittagong Medical College Hospital around 3:45pm. By the time we reached the hospital, he was already dead.”

    Arrest of Chinmoy Krishna Das

    Earlier on Tuesday, the Bangladeshi court sent Chinmoy Krishna Das, who has been arrested on multiple charges including sedition, to prison after rejecting his bail plea, triggering protests from the minority community and his followers.

    On Monday, when Brahmachari was leaving the country, he was stopped by the Bangladeshi authorities and was taken to a police station.

    Amid protests against his arrest, the Hindu minority leader was presented before Judge Kazi Shariful Islam of the Chittagong Sixth Metropolitan Magistrate’s Court.

    India reacts to Hindu monk’s arrest

    India has reacted to the arrest of Chinmoy Krishna Das and urged the Bangladeshi authorities to ensure the safety and security of Hindus and all minorities in the South Asian country reeling under chaos since the ouster of Sheikh Hasina.

    The Ministry of External Affairs expressed deep concern over the arrest of the Hindu monk.

    “We have noted with deep concern the arrest and denial of bail to Shri Chinmoy Krishna Das, who is also the spokesperson of the Bangladesh Sammilit Sanatan Jagran Jote. This incident follows the multiple attacks on Hindus and other minorities by extremist elements in Bangladesh,” MEA said in a statement.

  • AI-Driven Algorithmic Trading: Innovations Shaping the Future of Finance

    AI into trading

    Artificial intelligence is revolutionizing financial markets by enabling advanced algorithmic trading strategies with remarkable speed and precision. Sunny Guntuka, an AI and finance expert, explores the integration of AI into trading, revealing innovative techniques that enhance decision-making and reshape market dynamics. His insights highlight AI’s transformative role in modern finance.

    Reinforcement Learning: Adaptive Trading Strategies
    Reinforcement learning (RL) is a transformative AI approach where algorithms, or agents, learn to make optimal trading decisions by engaging directly with market environments. By adjusting strategies based on rewards or penalties from past actions, RL algorithms become highly adaptive, refining trading approaches to match dynamic market conditions. This flexibility is especially valuable in volatile markets, where RL models can evolve to balance maximizing returns and managing risk in real time. However, RL’s application in trading presents challenges. Non-stationary markets require extensive training for agents to adapt, and defining effective reward functions is complex. Despite these hurdles, RL’s self-adjusting capabilities make it a promising tool for modern trading platforms.

    Deep Learning: Precision in Market Trend Prediction
    Deep learning, especially through neural networks, has become essential for predicting market trends. These networks excel at detecting complex patterns within large datasets. With architectures like Long Short-Term Memory (LSTM) networks for long-term dependencies and Convolutional Neural Networks (CNNs) for short-term trends, deep learning models enable precise forecasting. By incorporating varied data sources—historical prices, macroeconomic indicators, and even satellite imagery—these models provide comprehensive market insights. Despite their effectiveness in capturing short-term and long-term trends, deep learning models demand substantial computational resources and can overfit historical data, requiring careful oversight to ensure accurate predictions.

    Sentiment Analysis: Integrating Real-Time News and Social Media
    Sentiment analysis has become an essential tool for gauging market sentiment by analyzing real-time data from news and social media. Through natural language processing (NLP) techniques, algorithms assess the overall mood or sentiment, enabling trading models to incorporate emotional responses to news events, social media trends, and geopolitical shifts. By combining sentiment indicators with traditional financial data, traders gain a more comprehensive view of potential market movements. Advanced NLP tools, like transformer-based models such as BERT, improve the accuracy of sentiment analysis. However, while sentiment-based insights support decision-making, noisy data and complex contexts in diverse sources present ongoing challenges to maintaining accuracy.

    Real-Time Decision-Making and Execution in AI-Enhanced Trading
    Modern trading platforms use AI-driven technology for rapid decision-making and execution. Real-time data processing enables nearly instant strategy adjustments, essential for high-frequency trading where split-second decisions impact profitability. AI models optimize order execution, manage risk, and dynamically allocate resources, ensuring competitiveness in fast markets. Achieving seamless performance requires robust infrastructure to handle large data volumes with low latency, while high-performance computing and efficient data processing guarantee smooth, reliable trading experiences, protecting trade integrity and outcomes.

    The Future of AI in Finance: Emerging Technologies and Ethical Considerations
    The future of AI-driven trading includes promising advancements like quantum computing and federated learning. Quantum computing enables rapid solutions to complex financial problems, transforming portfolio optimization and market analysis, while federated learning allows collaborative model training without sharing sensitive data, enhancing privacy. However, AI in finance brings ethical concerns, as algorithmic biases could deepen inequalities and amplify market volatility under stress. Transparency and regulatory oversight are essential, ensuring responsible AI practices that promote fairness and stability as AI’s role in trading grows.

    In conclusion, Sunny Guntuka emphasizes that AI is transforming algorithmic trading through advanced techniques like reinforcement learning, deep learning, and sentiment analysis. These innovations drive accuracy and responsiveness, reshaping financial markets. As AI continues to advance, balancing innovation with ethical oversight and regulation will be essential to ensure stability, fairness, and market efficiency.