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
November 11,2025

Bengaluru: The Karnataka Health and Family Welfare Department is set to take complete control of the 108 ambulance services by February 2026. The move aims to enhance efficiency and ensure uninterrupted emergency medical support across the state.

As part of the transition, the department plans to conduct recruitment tests for Emergency Medical Technicians (EMTs) who provide first aid and medical assistance during patient transit.

The government will also procure 175 new ambulances from the Road Safety Authority to replace older vehicles that have frequent breakdowns. The new fleet will be equipped with Mobile Data Terminals—tablet devices designed to help technicians and drivers locate patients and nearby hospitals more effectively.

These devices will also integrate ambulance operations with e-Sanjeevini, the national telemedicine platform, allowing hospital doctors to guide EMTs in real time and prepare facilities before a patient’s arrival.

A new command control centre, staffed with over 250 personnel, will operate using 112 NGERSS software developed by C-DAC. This system enables call dispatchers to track ambulances, patients, and hospitals, ensuring that the nearest available vehicle is promptly assigned. All government hospitals have already been geo-tagged, and private hospital data is being added for full integration.

A pilot project in Chamarajanagar district has already demonstrated successful, delay-free ambulance dispatch using the new system.

To streamline fleet management, the department also plans to engage district-level agencies to manage ambulance drivers, ensuring transparency and accountability in service operations.

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News Network
November 1,2025

Mangaluru, Nov 1: In a decisive move to bring order to the burgeoning fleet of electric auto-rickshaws, Dakshina Kannada Deputy Commissioner Darshan H V has mandated that all battery-operated autos must secure valid permits to operate within the district.

The order, which took effect today, marks a significant reversal of an earlier directive from July 26, 2024, which had granted free movement to e-autos and vehicles running on methanol and ethanol. The new rule, issued under the Motor Vehicles Act, 1988, aims to streamline traffic, enhance passenger safety, and ensure fair competition among transport operators.

Mandatory Permits and Zone-Based Operations

The new notification establishes a clear two-zone system for operations:

Zone 1 (Mangaluru City & Ullal): E-autos registered between January 20, 2002, and October 30, 2025, must apply to the Regional Transport Authority (RTA) for a permit.

Identification: These vehicles will be marked with a sky-blue, square-shaped marking and a police-issued identification number.

Operation: They must operate strictly within designated auto stands under Zone 1 limits.

Zone 2 (Rural Areas): All electric autos registered after October 30, 2025, will be considered rural permit holders.

Identification: Zone 2 autos will be distinguished by a circular yellow sticker bearing a police-issued identification number.

Operation: These vehicles are strictly prohibited from entering Zone 1 boundaries and must operate exclusively within rural limits.

Enforcement and Compliance

The DC's directive is unequivocal: "All e-autos operating without valid permits must regularise their status immediately." This push is intended to ensure "road discipline, safety, and fair competition" within the transport sector.

The new system was framed following extensive deliberations at the RTA meeting held on August 18. To ensure strict enforcement, the Mangaluru City Corporation (MCC) has been instructed to install necessary signboards, and the Deputy Commissioner of Police (Crime and Traffic Division) and the Senior Regional Transport Officer have been tasked with overseeing the effective implementation of the order across Dakshina Kannada.

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News Network
November 14,2025

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New Delhi: The BJP-led National Democratic Alliance (NDA), which also includes Chief Minister Nitish Kumar’s JDU, is heading for a sweeping victory in Bihar, crossing the 204-seat mark in the 243-member Assembly and leaving the Mahagathbandhan in disarray.

Top Highlights of the Big Bihar Verdict

BJP leads in 93 seats, while Nitish Kumar’s JDU is ahead in 83. Union Minister Chirag Paswan’s Lok Janshakti Party (Ram Vilas) leads in 19, Jitan Ram Manjhi’s Hindustani Awam Morcha in four, and Upendra Kushwaha’s Rashtriya Lok Morcha in four constituencies.

The Mahagathbandhan is struggling, ahead in just 32 seats: Tejashwi Yadav’s RJD in 26, Congress in five, and CPI(ML)(L) and CPM in one each.

Jan Suraaj Party, launched by poll strategist Prashant Kishor and seen as a potential disruptor, has failed to take off; its vote share has fallen below even NOTA.

A surprise performer is Asaduddin Owaisi’s AIMIM, which is leading in six seats, largely driven by votes from the Seemanchal region.

RJD leader Tejashwi Yadav faces an unexpectedly tight contest in Raghopur, his family stronghold, which he has represented since 2015.

Maithili Thakur, the 25-year-old singer making her debut on a BJP ticket, is leading in Alinagar. Meanwhile, Tejashwi's estranged brother Tej Pratap Yadav, who floated his own party, is trailing by more than 12,000 votes.

The Mahagathbandhan’s collapse comes as a major shock. In 2020, the RJD had bagged 75 seats and emerged as the single largest party, while the Congress contributed 19 seats, bolstering the Opposition’s strength.

In the last election, the Opposition had fallen short of the majority mark by just 12 seats, raising hopes of a potential victory this year. Instead, it now appears unlikely to even claim the Leader of the Opposition post.

For the BJP, the performance continues its upward trajectory from 2020, when it surpassed Nitish Kumar’s JDU for the first time and became the dominant partner in the alliance.

Although the JDU has made significant gains compared to its 2020 tally of 43 seats, it still trails the BJP by around 10 seats. Analysts say the NDA’s strong showing is partly due to heavy participation by women voters, traditionally a strong base for Nitish Kumar.

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