GLIMPSE OF GLOBAL EVENTS

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TWITTER CEO ELON MUSK BECOMES FIRST PERSON EVER TO LOSE $200 BILLION

It is the first time anyone has lost $200 billion from their net worth, including Twitter CEO Elon Musk. Several Tesla shares have dropped recently, causing Elon Musk’s wealth to drop $137 billion. A nearly 65 percent drop has been recorded in the shares of his electric car company. As of January 2021, Elon Musk is the richest person in the world with a net worth of more than $185 billion.

The CEO of Tesla has applied a move-fast-and-break-things approach such as firing employees then asking them to return and applying content policies haphazardly to justify banning some prominent journalists. A 65% decline in Tesla shares in 2022 and a $44 billion acquisition of Twitter have left no major assets.

QIN GANG APPOINTED AS CHINA’S NEW & YOUNGEST FOREIGN MISTER

It is expected that Beijing and Washington will be able to stabilise rocky relations as Beijing appoints Qin Gang as its new foreign minister. Qin Gang is an aide of President Xi Jinping and China’s ambassador to the United States. It was a decision made by the 13th National People’s Congress (NPC) Standing Committee. During the past decade, Wang Yi served as foreign minister. Qin, 56, replaces him. It is expected that Wang, 69, will play a greater role in Chinese foreign policy now that he has been promoted to the politburo of the Chinese Communist Party. 

As described in an essay published in the National Interest magazine, Qin gave an overview of China’s foreign policy and emphasized that China-U.S. Interactions did not take place in a zero-sum game in which one side gains while the other loses.

Regarding the India-China border issue, he said both sides were willing to ease the situation and guard their borders collectively.

KARNATAKA’S CENTRAL DETECTIVE TRAINING INSTITUTE INAUGURATED BY AMIT SHAH

Prime Minister Shri Amit Shah has laid the foundation stone for the Central Detective Training Institute (CDTI) and inaugurated the Indo-Tibetan Border Police (ITBP) residential and administrative complexes in Devanahalli, Karnataka. There are 120 barracks for jawans at the ITBP residential complexes inaugurated by Shri Amit Shah, as well as Staff Officers’ Mess and Officers’ Mess. Shri Basavaraj Bommai was the Chief Minister of Karnataka on this occasion, as well as Union Minister Shri Prahlad Joshi.

INAUGURATION OF DR.SYAMA PRASAD MOOKERJEE NATIONAL INSTITUTE OF WATER & SANITATION

A video conferencing ceremony was held by the Prime Minister to inaugurate Dr. Syama Prasad Mookerjee National Institute of Water and Sanitation (SPM-NIWAS) in Joka, Kolkata. A budget of Rs 100 crore has been set aside for the establishment, which is to be located on 8.72 acres of land at Joka, Diamond Harbour Road, Kolkata, West Bengal.

Its mission is to fill the knowledge and capacity gaps in the field of public health engineering, sanitation, and hygiene with short, medium, and long-term courses that are not only engineering-related, but also cover aspects of management, health, accounting, law, and public policy.

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