Joe Biden sending new $150 million weapons to Ukraine to use against Russia

News Network
May 7, 2022

Washington, May 7: US President Joe Biden is sending a new weapons package worth at least $100 million to Ukraine, in the latest in a series of transfers to help Kyiv fight against Russia.

Biden signed the weapons package on Friday, providing additional artillery munitions, radar and other equipment to Ukraine.

"Today, the United States is continuing our strong support for the brave people of Ukraine as they defend their country against Russia's ongoing aggression," Biden said in a statement.

The United States has sent $3.4 billion worth of armaments to Ukraine since February 24, including howitzers, anti-aircraft Stinger systems, anti-tank Javelin missiles, ammunition and recently-disclosed "Ghost" drones.

The new weapons package will include 25,000 155mm artillery rounds, counter-artillery radar, jamming equipment, field equipment and spare parts, according to a US official.

Last month, 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 the front lines.

“Additional security assistance will put urgently needed equipment into the hands of Ukraine’s military and police, including ammunition, armored vehicles, small arms, demining assistance and unmanned aircraft systems,” Biden wrote in a letter to House Speaker Nancy Pelosi.

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

“To get an understanding of what $33 billion represents in the federal budget, consider that the entire annual budget for the fiscal year 2020 for the Department of Housing and Urban Development, including all the payouts for Section 8 and other rental assistance and all other federal housing assistance programs in the United States - all of them - came to $44 billion,” DeBar said.

“Biden, Pelosi and Schumer are giving Ukraine 3/4 of that annual budget for only 5 months of military aid, meaning that the annualized budget would be somewhere on the order of $70 billion dollars, almost twice the budget of HUD,” he noted.

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News Network
June 21,2022

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Mandya, June 21: JD(S) MLA M Srinivas allegedly tried to slap a college principal several times in full public view for not providing prompt answers about the ongoing work at a computer lab.

The ugly incident came to light after a video had gone viral that showed the Mandya MLA purportedly making several attempts to slap the Nalvadi Krishnaraja Wadiyar ITI College principal Naganand.

Huge public outrage is pouring in on the social media against Srinivas for his misconduct.

The video purportedly depicts the MLA scolding and trying to slap him twice before his college staff and local politicians.

The principal appears to be in trauma and astonished while the onlookers are trying to pacify the MLA.

Meanwhile, the Government Employees Association on Tuesday took cognizance of the incident and pledged to bring it to the notice of Deputy Commissioner.

The association convened an emergency meeting and collected details of the incident. The members including association president Shambhu Gowda met the victim and assured him relief.

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June 28,2022

Mangaluru, June 28: Once again mild tremors were felt in parts of Kodagu district and Sullia taluk of Dakshina Kannada district today triggering panic among villagers in the region. 

In this month (June 2022), this is the third time tremors being experienced in Kodagu district and second time in Sullia taluk. 

According to reports, residents in Madikeri, Napoklu, Kukkunda, Kadu, Ballamavati, Dabbadka, Peraje, Karike, Bhagamandala areas of Kodagu felt shaking around 7:45 am on Tuesday. Many residents confirmed that they witnessed shaking of vessels and other things in their houses. 

Many households in Sullia, Sampaje, Goonadka and Guthigar areas also experienced tremors. Many villagers in Sullia taluk had felt similar tremors on June 25 and the intensity of the tremor was 2.7 in Richter scale.

Ananya Vasudev of Kodagu district disaster management authority said that tremor was experienced for five seconds. The issue has been brought to the notice of the KSNDMC.

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News Network
June 29,2022

New Delhi, June 29: The rupee depreciated 11 paise to a record low of 78.96 against the US dollar in opening trade on Wednesday, weighed down by persistent foreign capital outflows.

At the interbank foreign exchange, the rupee opened on a weak note at 78.86 against the American dollar, then lost ground to quote at 78.96—its all-time low level, registering a fall of 11 paise from the last close.

On Tuesday, the rupee plunged by 48 paise to close at record low of 78.85 against the US dollar.

The rupee opened weaker against the dollar on Wednesday as renewed focus on the weak economic outlook prompted losses on Asian currencies and shares, said Sriram Iyer, Senior Research Analyst at Reliance Securities.

"The Reserve Bank of India (RBI) could be present to curb volatility, but the strength of crude oil could cap appreciation bias," Iyer said, adding that the range for the rupee on Wednesday is 78.50-79.10.

The rupee has lost 1.87 per cent so far this month and has eroded a staggering 6.28 per cent since the start of this year.

Global oil benchmark Brent crude futures fell 0.88 per cent to $116.94 per barrel.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.08 per cent lower at 104.42.

On the domestic equity market front, the 30-share Sensex was trading 474.05 points or 0.89 per cent lower at 52,703.40, while the broader NSE Nifty declined 137.75 points or 0.87 per cent to 15,712.45.

Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth ₹1,244.44 crore, as per stock exchange data.

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