News Dabba for 23 November 2022: Five stories for a balanced news diet
Here are the daily updates that the internet is talking about through various news websites.
Indie Journal brings you the daily updates that the internet is talking about through various news websites. Here's a glance through some of the National and International news updates, from mass shooting at a Walmart in Virginia in the US, bad loans bringing India's Bankruptcy Code into question, to earthquake in western Turkey.
BBC reports man kills up to 10 in Virginia Walmart store
BBC report states that a gunman has killed up to 10 people in a Walmart supermarket in Chesapeake, in the US state of Virginia. A man believed to be the store manager opened fire then turned the gun on himself, and is now dead. While there are few details, the report adds a police officer spoke of no more than 10 people killed and multiple injured. No motive has emerged. Read the full report here.
The Wire analysis says soaring bad loans show Bankruptcy Code is itself bankrupt
The Reserve Bank of India has disclosed that Rs 10 lakh crore in bad loans have been written off in the last five years. An analytical report by the Wire states that only 13 percent recovery on loan defaults of Rs 10 lakh crore shows that all is not well with the operation of the bankruptcy reforms. The report quotes a revelation made to Indian Express in response to an RTI that the Insolvency and Bankruptcy Code of 2016, touted as a showpiece reform, has failed in many respects. The corporates, however, the report says, will hail the reform because they have got away with an 87 percent haircut on their defaulted loans. Read the full report here.
Al Jazeera report on magnitude 6.0 earthquake that struck western Turkey
A magnitude 6.0 earthquake has struck western Turkey, the European-Mediterranean Seismological Centre (EMSC) said. Al Jazeera reports that the country’s interior minister said there were no immediate reports of deaths or significant damage. The quake was at a depth of 2 kilometres (1.2 miles) as per the EMSC. Dozens of aftershocks were reported after the quake, including one of a magnitude 4.3. Turkey sits on top of major fault lines and is frequently shaken by earthquakes, the report adds. Read the full report here.
Protests break out at Covid-hit iPhone factory in China, The Guardian reports
Large-scale protests broke out at Foxconn’s vast iPhone factory in Zhengzhou, central China, the Guardian reported citing images circulating on Weibo and Twitter. Videos on Wednesday showed hundreds of workers marching on a road in daylight, with some being confronted by a row of riot police and people in hazmat suits, the report added. Some videos showed workers complaining about the food they had been provided while others said they had not been paid bonuses as promised. The authenticity of these videos was not yet confirmed by any news agencies. The Zhengzhou plant is the world’s largest iPhone factory with some 2,00,000 workers. Read the full report here.
Rajasthan Gurjar leader warns Yatra Could Be "Disrupted", NDTV reports
Gurjar leader Vijay Singh Bainsla in Rajasthan has warned of "disruptions" in the Congress's prestige yatra if Sachin Pilot is not made Chief Minister. NDTV reported Sachin Pilot should be made Chief Minister. "If this happens, then you (Rahul Gandhi) are welcome. We will oppose otherwise," he said as per the report. This has again pointed towards the unresolved power struggle between Sachin Pilot and Rajasthan CM Ashok Gehlot. Read the full report here.