US set to approve $40 billion for Ukraine to prolong war with Russia

News Network
May 11, 2022

Washington, May 11: Us lawmakers are about to approve a $40 billion aid package for Ukraine as Washington looks to prolong the conflict with Russia.

Both Republican and Democratic Parties have reached an agreement on the details of the massive package, which will likely move quickly through Congress.

"Time is of the essence -- and we cannot afford to wait," House Speaker Nancy Pelosi said in a letter to her Democratic colleagues.

"With this aid package, America sends a resounding message to the world of our unwavering determination to stand with the courageous people of Ukraine until victory is won,” she said.

Two weeks ago, US President Joe Biden asked Congress for a whopping $33 billion aid package for Ukraine, including more than $20 billion in new military aid and other security assistance over the next five months to use in the regime's war with Russia.

The supplemental funding request includes $16.4 billion for the Defense Department, $8.5 billion in economic assistance, and $3 billion for humanitarian assistance and to fight food insecurity, according to reports.

The new package includes $6 billion for the Ukraine Security Assistance Initiative and $5.4 billion to replenish military inventories of weapons and equipment sent to front lines.

On Monday, however, Congressional leaders agreed to release $6.8 billion more than the $33 billion requested by the White House.

An American journalist and political commentator denounced Biden’s request, saying that it shows what the priorities of the Biden administration are.

“With $40 billion you could pay the rent for four million people for a year in the United States. Or the budgets of 400 school districts for the year in the United States. Or feed a million people for a year in the United States. Or pay for the health care of a million people for the year in the United States,” Don DeBar said. 

“And none of those options leave you with World War 3 nuclear devastation in your lap. And they might even avert what seems to be an inevitable revolution in the United States because of the severe distress in the housing food medical and educational conditions of the people here for lack of funding,” he stated.

“I know the leadership here believes they have sufficient technological advantage to change the course of human history and deny a people's response to oppressive conditions. But these are human beings, not cattle, and they will rise as surely as the sun does every morning,” he noted.

A top US official has accused Russian President Vladimir Putin of preparing for a long war that may not end with Russian victory in the east.

"We assess President Putin is preparing for a prolonged conflict in Ukraine during which he still intends to achieve goals beyond the Donbas," Director of National Intelligence Avril Haines said at a hearing on Capitol Hill.

She added that Putin was counting on US and EU resolve to weaken as the conflict continues to cause food shortages and inflation, including spiraling energy prices.

Biden said the supplemental budget request will allow weapons and ammunition to flow "without interruption to the brave Ukrainian fighters" and the US to continue delivering economic and humanitarian assistance to the Ukrainian people.

The White House said that more than $20 billion of the $33 billion would be for military and other security systems.

Biden has also demanded an additional $8.5 billion in economic assistance to help provide basic services to the Ukrainian people and $3 billion in humanitarian assistance and food security funding.

If the package passes as planned, US spending in Ukraine and addressing the ensuing humanitarian crisis will soar to around $54 billion.

The US has already delivered $2.4 billion in military assistance to Ukraine since the beginning of Biden’s term in office, though much of that aid has come since Russia’s military operation against Ukraine began in late February.

This is while a report has revealed that the US government is struggling to track large quantities of “lethal aid” shipped to Ukraine in recent months amid raging conflict in the country. 

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News Network
November 19,2024

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In the wake of the tragic drowning of three students at a resort near Ullal on the outskirts of Mangaluru city, the tourism department in Dakshina Kannada is set to implement comprehensive safety guidelines for properties with swimming pools or beach access. This initiative aims to ensure guest safety and prevent similar incidents in the future.

New Safety Mandates for Resorts and Homestays

Rashmi S.R., deputy director (in-charge) of the tourism department, announced, “We will instruct all homestays and resorts to enforce precautionary measures, especially those with pools or direct beach access. Properties must ensure 24/7 supervision, particularly during guest hours. This tragedy highlights the importance of having trained personnel on-site.”

Key Safety Guidelines

The district, home to around 150 homestays and 130 resorts, will see the following measures enforced:

  • Clearly displaying pool depths.
  • Installing adequate safety equipment, such as life buoys.
  • Employing trained lifeguards at all times.
  • Establishing clear pool operating hours.
  • Reviewing and implementing standard operating procedures (SOPs) for pool and beach usage.

Booming Beach Tourism Calls for Vigilance

Manohar Shetty, president of the Association for Coastal Tourism (ACT), Udupi, highlighted the growing popularity of beachside resorts, particularly during peak seasons. Properties in Udupi, often fully booked with tourists from Bengaluru, Mysuru, Kodagu, and Shivamogga, face increasing pressure to maintain safety standards.

Udupi district boasts 22 beachside commercial properties catering to this rising demand.

Shetty emphasized, “Authorities must scrutinize safety measures and carefully evaluate guidelines before issuing new resort licenses. Panchayats should rely on the Karnataka Town and Country Planning Act when handling such cases.”

Long-Term Solutions for Water Safety

Recognizing the need for a cultural shift in water safety, Shetty proposed integrating swimming lessons into school curricula. This move would not only equip students with essential skills but also encourage safe participation in water-based activities.

A Safer Tomorrow for Coastal Tourism

As the tourism sector thrives, Mangaluru’s proactive approach underscores its commitment to visitor safety. The tragic incident serves as a wake-up call, propelling the industry towards stricter regulations and better preparedness, ensuring that coastal vacations remain both enjoyable and safe.

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News Network
November 15,2024

Udupi: The Tourism Department is planning a major eco-friendly development initiative for Kamini Island, located near the Blue Flag-certified Padubidri End Point beach, aiming to attract more visitors while maintaining environmental sustainability.

Assistant Director Kumar CU emphasized that, given the island’s proximity to the Blue Flag beach, all development efforts will center around eco-friendly practices. “We are looking to enhance the Kamini River and the island’s surroundings by adding a hanging bridge, nature trails, and eco-friendly food courts offering traditional cuisine. Visitors will also be able to reach the island by pedal boats or kayaking,” he said.

The development project is estimated to cost between Rs 3 crore and Rs 4 crore. Meanwhile, the Blue Flag beach, Padubidri, continues to see a steady flow of visitors. Vijay Shetty, manager of the beach, shared that tenders for food courts and water sports have been awarded to private parties. Recently, three new coracles have been introduced, which are proving to be a hit with visitors. Additionally, three more shelters are expected to be ready by November 20.

Shetty mentioned that the beach can now accommodate between 2,500 and 3,000 visitors daily, although footfall remains lower than other district beaches due to user fees and activity restrictions. “Initially, most visitors were from Mangaluru, but now nearly 40% come from other districts, showing a shift in the visitor demographics,” Shetty noted.

To further boost tourism and promote a healthy lifestyle, a Beach Carnival is set to take place on November 23-24, featuring the National Sea Swimming Championship and a sea marathon in collaboration with the Padubidri JCI, which is celebrating its golden jubilee. Cultural events will be held at the main beach, with some sports events taking place at the Blue Flag beach. Emphasis will be placed on making all activities environmentally friendly.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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