Facebook's Libra cryptocurrency to launch in January 2021

News Network
November 27, 2020

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Facebook's Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project. The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people.

The move would represent an even bigger scaling-back of the project's ambitions than that proposed in April in response to a regulatory and political backlash against the project. Libra, unveiled by Facebook Inc last year, was relaunched in slimmed-down form after regulators and central banks across the world raised concerns it could upset financial stability and erode mainstream power over money.

The Libra Association, of which Facebook is one of 27 members, is seeking the go-ahead from Switzerland's markets watchdog to issue a series of stablecoins backed by individual traditional currencies, as well as a token based on the currency-pegged stablecoins. Yet under the body's new plan, other coins backed by traditional currencies, as well as the composite, would be introduced at a later date, the FT said.

The Libra Association did not immediately reply to a request for comment. FINMA, the Swiss regulator, did not elaborate beyond a statement in April confirming receipt of Libra's application for a payments licence. Stablecoins are designed to avoid the volatility typical of cryptocurrencies such as bitcoin, making them in theory more suitable for payments and money transfers.

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News Network
May 13,2025

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The Indian Premier League (IPL) 2025 is set to resume on May 17, with the final scheduled for June 3, the Board of Control for Cricket in India (BCCI) announced on Monday. The league, which was suspended last Friday due to escalating hostilities between India and Pakistan, will now continue at six selected venues, with the locations for the playoffs yet to be finalized.

Following the ceasefire announcement between India and Pakistan, the BCCI held urgent consultations with the government to restart the tournament. As a result, the revised schedule was confirmed, beginning with Royal Challengers Bengaluru vs Kolkata Knight Riders on May 17 in Bengaluru. The following day will feature a double-header: Rajasthan Royals vs Punjab Kings in Jaipur (afternoon) and Delhi Capitals vs Gujarat Titans in Delhi (evening).

In addition to Bengaluru, Delhi, and Jaipur, the remaining league matches will be hosted in Lucknow, Ahmedabad, and Mumbai. The abandoned Punjab Kings vs Delhi Capitals match from May 8 will now be played on May 24 in Jaipur.

The BCCI had considered relocating the remainder of the tournament to southern venues like Chennai, Bengaluru, and Hyderabad, away from the Line of Control. However, Chennai and Hyderabad will not host any further league matches. Kolkata was also ruled out due to unfavorable weather forecasts, according to BCCI sources.

Venue Adjustments and Team Impacts

Among teams vying for a playoff spot, Punjab Kings are the only side to lose home advantage. They were originally scheduled to host two matches in Dharamsala, including the previously abandoned game. Both of those fixtures will now be played at Sawai Mansingh Stadium in Jaipur.

Initially, the IPL was planned to conclude by May 31, but the final has now been pushed to June 3. The BCCI opted to minimize player workload in peak summer by limiting double-headers to just two Sundays (May 18 and May 25).

Other minor scheduling changes include Royal Challengers Bengaluru concluding their league campaign at Ekana Stadium in Lucknow, instead of at home.

The venues for the playoffs and final—originally assigned to Hyderabad and Kolkata—are still under consideration. If these are ruled out, Ahmedabad is a strong contender, possibly sharing hosting duties with another venue.

Background and Player Concerns

The league was abruptly suspended last Thursday after tensions escalated near Pathankot, just 80 km from Dharamsala, which led to a mid-match abandonment. A drone strike in the region and a subsequent blackout prompted the BCCI to act swiftly. The following day, the league was officially paused for a week.

With the ceasefire in place by Saturday, franchises were asked to reassemble their squads by Tuesday. Gujarat Titans and Mumbai Indians have already resumed training, with others expected to follow by Wednesday.

However, a major concern looms over the availability of overseas players, many of whom have returned to their home countries. Notably, Australian pacers Josh Hazlewood (RCB) and Mitchell Starc (Delhi Capitals) are unlikely to return due to minor injuries. Both are also expected to feature in the World Test Championship Final against South Africa, starting June 11.

IPL 2025 Revised Schedule

May 17 – 7:30 PM IST – Royal Challengers Bengaluru vs Kolkata Knight Riders, Bengaluru

May 18 – 3:30 PM IST – Rajasthan Royals vs Punjab Kings, Jaipur

May 18 – 7:30 PM IST – Delhi Capitals vs Gujarat Titans, Delhi

May 19 – 7:30 PM IST – Lucknow Super Giants vs Sunrisers Hyderabad, Lucknow

May 20 – 7:30 PM IST – Chennai Super Kings vs Rajasthan Royals, Delhi

May 21 – 7:30 PM IST – Mumbai Indians vs Delhi Capitals, Mumbai

May 22 – 7:30 PM IST – Gujarat Titans vs Lucknow Super Giants, Ahmedabad

May 23 – 7:30 PM IST – Royal Challengers Bengaluru vs Sunrisers Hyderabad, Bengaluru

May 24 – 7:30 PM IST – Punjab Kings vs Delhi Capitals, Jaipur

May 25 – 3:30 PM IST – Gujarat Titans vs Chennai Super Kings, Ahmedabad

May 25 – 7:30 PM IST – Sunrisers Hyderabad vs Kolkata Knight Riders, Delhi

May 26 – 7:30 PM IST – Punjab Kings vs Mumbai Indians, Jaipur

May 27 – 7:30 PM IST – Lucknow Super Giants vs Royal Challengers Bengaluru, Lucknow

Playoffs Schedule

May 29 – 7:30 PM IST – Qualifier 1

May 30 – 7:30 PM IST – Eliminator

June 1 – 7:30 PM IST – Qualifier 2

June 3 – 7:30 PM IST – Final

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News Network
May 13,2025

Udupi, May 12: A tragic incident unfolded at a wedding in Nandikur, Udupi district, when a four-year-old boy, Vasudeva, drowned in a temple pond near the venue.

According to a police complaint filed by Satyanarayana, 38, a resident of Kurkalu village in Kaup, the child had accompanied his mother, Soumya, and siblings—Vaishnavi (10) and Vishnu Priya (1)—to attend a wedding at the Sri Durgaparameshwari Temple Hall in Nandikur.

At approximately 2:00 p.m. on Sunday, Soumya was feeding her infant daughter inside the hall while Vasudeva remained nearby. After tending to the baby, she stepped away briefly to wash her hands, during which time she noticed that Vasudeva was missing.

A frantic search ensued involving family members and others at the venue. About 15 minutes later, at around 2:15 p.m., Vasudeva was found unresponsive in the temple pond adjacent to the hall. Bystanders pulled him from the water and attempted resuscitation.

He was immediately rushed to a private hospital in Udupi, where doctors declared him dead on arrival. Despite this, the family sought further medical assistance at a hospital in Manipal, but physicians there also confirmed that he had passed away.

The Padubidri police have registered a case and are investigating the incident.

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News Network
May 8,2025

New Delhi: The government is briefing an all-party meeting on Thursday on the success of "Operation Sindoor" and its aftermath, as top government functionaries and opposition leaders met for a second time in a fortnight amid rising tensions between India and Pakistan following the Pahalgam terror attack on April 22.

Union ministers Rajnath Singh, Amit Shah, S Jaishankar, J P Nadda and Nirmala Sitharaman represented the government, while Rahul Gandhi and Mallikarjun Kharge from the Congress, Sandip Bandyopadhyay of the Trinamool Congress and DMK's T R Baalu were among the leading opposition figures in the meeting.

Other opposition leaders included Ram Gopal Yadav of the Samajwadi Party, Sanjay Singh of the AAP, Shiv Sena (UBT)'s Sanjay Raut, NCP (SP)'s Supriya Sule, BJD's Sasmit Patra and CPI(M)'s John Brittas.

JD(U) leader Sanjay Jha, Union minister and LJP (Ram Vilas) leader Chirag Paswan and AIMIM MP Asaduddin Owaisi were also part of the meeting.

Parliamentary Affairs Minister Kiren Rijiju said the government wanted to brief all parties on "Operation Sindoor".

In retaliation for the Pahalgam terror attack, Indian armed forces carried out missile strikes early Wednesday on nine terror targets in Pakistan and Pakistan-occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base Muridke.

The military strikes were carried out under 'Operation Sindoor' two weeks after the massacre of 26 civilians in Jammu and Kashmir's Pahalgam.

The government had earlier called an all-party meeting on April 24 to brief leaders on the attack.

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