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If the war continues 90 percent Ukrainian population could suffer poverty
According to the UN Development Programme (UNDP), nine out of ten Ukrainians might suffer poverty and high economic vulnerability if the war continues for another year, wiping out two decades of economic achievements.
UNDP Administrator Achim Steiner said his organisation was working with the Kyiv administration to avert a worst-case scenario in which the economy collapsed. Its goal was to give financial transfers to households so they could buy food and avoid fleeing while maintaining essential services.
“If the conflict is prolonged, if it continues, we will see poverty rates rise dramatically,” Steiner told Reuters.
“The economy as a whole would implode at the end of the scenario. And this might lead to up to 90% of people living in poverty or at high danger of falling into it “verty),” he warned in a New York video interview.
In a video interview from New York, he stated that the poverty line is commonly considered as the purchasing power of $5.50 to $13 per person per day. He estimates that 2% of Ukrainians lived below the $5.50 mark before Russia launched its assault on February 24.
Oleg Ustenko, Ukraine’s senior economic adviser, warned last Thursday that invading Russian forces have destroyed at least $100 billion in infrastructure and that half of the country’s enterprises have shut down altogether.
“We predict that up to 18 years of Ukraine’s growth advantages could be wiped out in as little as 12 to 18 months,” Steiner warned.
TRANSFERS OF CASH
According to him, UNDP is looking at “tried and true” programmes that it has utilised in previous violent situations.
“Cash transfers programmes, particularly in a nation like Ukraine where the financial system and architecture are still operating and ATMs are available, are a key means to reach people rapidly,” he says.
He described the logistical hurdles as “serious but not insurmountable.”
“Some of the recent World Bank and International Monetary Fund statements in terms of credit lines and funds that are being made available will assist Ukrainian authorities in being able to deploy such a programme,” he added.
According to the UNDP estimate, a $250 million per month emergency cash transfer operation would cover partial income losses for 2.6 million individuals who are likely to slip into poverty. A more ambitious temporary basic income programme, costing $430 million per month, would provide $5.50 per day for each person.
The IMF predicted that Ukraine’s GDP will collapse by 10% in 2022 as a result of Russia’s invasion, but that the situation might worsen dramatically if the conflict continues, according to a staff analysis released on Monday.
The World Bank authorised over $200 million in new and restructured financing for Ukraine’s vulnerable people support on Monday. The money is in addition to $723 million granted last week, and it’s part of a $3 billion package of aid that the World Bank is rushing to Ukraine and its people in the coming weeks.
Steiner stressed Ukraine’s importance to other countries’ economies, particularly a group of African countries that get a third of their wheat supplies from Ukraine and Russia, according to Steiner.
“We’re also attempting to restore this economy that serves as the breadbasket for 45 African nations, the LDCs,” Steiner explained.
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Three Navi Mumbai Residents Duped of ₹27 Lakh in MGL Bill Update Scam
Cyber fraudsters used a fake mobile app to gain access to victims’ bank accounts; police urge citizens to stay vigilant.
Three residents of Navi Mumbai have fallen victim to a cyber fraud in which scammers posing as representatives of Mahanagar Gas Limited (MGL) allegedly cheated them of nearly Rs 27 lakh. The fraudsters convinced the victims to download a fake mobile application under the pretext of updating their gas bill details, enabling unauthorized access to their bank accounts. According to the police, the victims received phone calls and text messages claiming that their MGL gas connection would be disconnected if they failed to update their billing information immediately. They were then sent a link to download a fraudulent APK file disguised as an official application.
Once the application was installed, the cyber criminals allegedly gained remote access to the victims’ mobile devices and obtained sensitive banking credentials. Using this information, they carried out unauthorized transactions, resulting in a collective loss of approximately Rs 26.59 lakh. Following complaints from the victims, the police registered cases under relevant cybercrime provisions and launched an investigation to trace those involved in the fraud. Officials are examining digital evidence and transaction records to identify the accused.
Police have advised citizens to avoid downloading applications from unknown links, refrain from sharing banking or personal information over phone calls or messages, and verify any communication regarding utility bills through the official website or customer service channels of the concerned service provider before taking any action.
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Thailand-Linked Drug Racket Busted in Navi Mumbai; Six Arrested
Police seize narcotics and property worth Rs1.33 crore, hunt on for Thailand-based kingpin.
The Arrests
In a major crackdown on international drug trafficking, the Navi Mumbai Police’s Anti-Narcotics Cell (ANC) has busted an alleged Thailand-linked hydroponic cannabis racket, arresting six persons and seizing narcotics and other property collectively worth Rs1.33 crore. Police said the suspected mastermind is operating from Thailand and remains absconding.
The operation began on July 10 after the ANC received specific intelligence about drug trafficking activities at a hotel in Turbhe. Acting on the tip-off, officers raided the premises and arrested two suspects, recovering 648.5 grams of hydroponic cannabis valued at Rs70.35 lakh along with 5 grams of cocaine. Interrogation of the accused led investigators to additional suspects in Mira Road, Chembur, Dombivli and Ghatkopar. During the subsequent raids, police seized more hydroponic cannabis, taking the total recovery to nearly 1.3 kilograms. Twelve mobile phones were also recovered during the operation.
According to police, the investigation uncovered an alleged international supply chain with links to Thailand. The suspected kingpin, identified as an Indian national currently based in Thailand, is believed to have coordinated the smuggling and distribution network through local operatives in the Mumbai Metropolitan Region. Police said efforts are underway to trace the absconding mastermind and identify other members of the international narcotics syndicate. Further investigation is in progress.
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Truck Driver Killed in Taloja, Co-Worker on the Run
Police suspect long-standing caste-related rivalry as the motive, manhunt launched to nab the absconding accused.
The Case
A 45-year-old truck driver was allegedly murdered by his co-worker at a transport company in Taloja, Navi Mumbai, following a long-standing caste-related rivalry between their families. The Taloja Police have registered a case of murder and launched a manhunt to trace the accused, who remains absconding.
According to the police, the victim and the accused had been working together despite an ongoing dispute linked to caste tensions that had existed between their families for several years. Investigators believe the rivalry escalated into a violent confrontation at the workplace, resulting in the fatal attack. After the incident, the accused allegedly fled the scene before police arrived. The victim was rushed for medical assistance but succumbed to his injuries. Police officials have begun collecting evidence from the crime scene and recording statements of witnesses and colleagues to establish the sequence of events.
A murder case has been registered under the relevant sections of the Bharatiya Nyaya Sanhita (BNS). Authorities are conducting raids at multiple locations to apprehend the suspect. Police have appealed to anyone with information about the accused’s whereabouts to come forward and assist in the investigation. Officials stated that efforts are underway to ensure the accused is arrested at the earliest and that further investigation into the motive and circumstances surrounding the incident is ongoing.
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