Saudi Arabia has opened applications for a permanent residency program designed to attract foreign investment to the kingdom, but it will cost a hefty 800,000 riyals ($213,000). There’s also a cheaper option, with a one-year renewable residency costing 100,000 riyals. The so-called premium residencies will allow foreigners to buy property and do business without a Saudi sponsor, switch jobs and exit the kingdom easily and sponsor visas for family members, according to the website for registrations. Along with paying high fee, applicants must be at least 21 years old, prove financial solvency and have a clean criminal record and bill of health. The program approved in May is the latest sign of how the quest for non-oil revenue is prompting Gulf nations to rethink the role of foreigners in their societies. It’s a landmark move in a region where many overseas workers are subject to some of the world’s most restrictive residency rules. The United Arab Emirates approved a plan to allow wealthy foreigners to apply for a 10-year stay, while Qatar passed a law that’ll grant some permanent residencies. The idea for a long-term Saudi residency program was first floated in 2016 by Crown Prince Mohammed bin Salman, as a part of his plan to reduce the economy’s reliance on oil and boost foreign direct investment. At the time, he estimated the program would generate about $10 billion in annual revenue by 2020. Wh..
Saudi to charge $213,000 for permanent residency in step to boost economy2019-06-23
What were the biggest & lowest margins of victory in 17th LS polls?2019-05-28
BJP’s CR Patil recorded the biggest margin of victory in 17th Lok Sabha elections, winning Gujarat’s Navsari constituency by a margin of 689668 votes. Patil had won the seats in 2014 by 558116 votes and in 2009 by 132643 votes. The lowest margin was recorded by BJP’s BP Saroj (Bholanath), who won Uttar Pradesh’s Machhlishahr seat by 181 votes.
Zuckerberg reportedly held talks with Winklevoss twins about Facebook’s cryptocurrency plans2019-05-28
Facebook CEO Mark Zuckerberg has held talks with his old rivals the Winklevoss twins as the social media giant plans to launch its own cryptocurrency, the Financial Times reported. Facebook has held talks with cryptocurrency exchanges Gemini, which was founded by the Winklevoss twins, and Coinbase, the newspaper said Thursday, citing sources. The company is reportedly working on a way to use cryptocurrency to facilitate payments through WhatsApp. The currency also would allow Facebook’s 2 billion users to exchange money as well as buy things on Facebook’s oth..
More security forces for LS polls than “Op basstracks”2019-05-25
As many as 20 lakh security personnel were deployed in the seven-phase Lok Sabha polls, rendering the exercise bigger than India's well known 'Operation Brasstacks' in the 1980s, which was larger than any NATO exercise since World War-II, officials said Monday. The 'Operation Brasstacks' was a major military exercise of the Indian Army in Rajasthan. It took place in 1986 until its execution in 1987. The scale of the 2019 general election itself is massive and growing over time as between 1989 and 2019, the number of parties in the fray have increased over 20 tim..
Highest ever voter turnout in history2019-05-25
The 2019 Lok Sabha elections witnessed a voter turnout of 67.10% (interim), which is the highest ever voter turnout in the history of general elections, as per the election Commission of India. The previous highest voter turnout of 66.44% was recorded in 2014. The seven-phase 2019 elections began on April 11 and concluded on May 19.
Chinese apples to flood India2019-05-25
The ruckus over India’s retaliatory tariffs on US imports has opened up a window of opportunity for America’s bitter rival: China. Chinese apples, banned in India for two years because of concerns over impurities, are set for a comeback at the expense of the American variety. A team of Indian officials will soon land up in Beijing to review the phyto-sanitary measures of the Chinese. A proposal to lift the ban on Chinese apples was mooted in recent talks between Indian commerce ministry officials and Chinese vice-minister Zhang Jiwen of the General Administration of Custom..
Congratulations! Winners announced.2019-05-25
We thank you for your "as-usual as-expected" *icy cool* response in a heated battle like elections! 🙄 Congratulations to the winners for predicting the correct answers, by fluke tho! 😂 As mentioned in the rules before, the prizes were ₹2000 for correctly predicting seats for BJP and Congress. And a jackpot of ₹5000 for predicting both! And if more then one winner then the amount to be equally distributed. But, now we have 3 winners for forecasting BJP seats and 7 for the Congress seats, and none for the jackpot. So we have decided to give each winner ₹1000 prize...
Colleges barred from holding entry test.2019-05-22
The principals of all colleges in Bengal have been asked to admit students to undergraduate courses on the basis of their scores in class XII board exams and not through admission tests. The colleges have been asked not to conduct entrance tests because candidates are barred from entering campuses during the admission process. The government had earlier directed the colleges to make the entire admission process online to shield the candidates from cash-for-entry rackets. Student union leaders on a number of campuses had been accused of running such rackets in previous years. ..
Our education system is percentage oriented…2019-05-21
Marking schemes have changed. The pattern of questions has changed completely. If there are straightforward questions, naturally the child will write according to the marking schemes and he/she has to be given marks accordingly. Having said that, I must admit, it’s not a good sign. But that’s how it is now. Why do you think there has been a change in the marking pattern? Earlier good marks were usually scored by the science students. Humanities students missed out because they didn’t have practicals. With practicals introduced in humanities, it has become easier for the..
NCERT set for mega review of 2005 curriculum guidelines2019-05-20
The biggest exercise in school education reforms — a review of the National Curriculum Framework (NCF) — will start soon, according to the National Council of Educational Research Training. Hrushikesh Senapaty, director, NCERT, confirmed to TOI in an exclusive interaction on Thursday that the preliminary work on the review of the last NCF, published in 2005, has begun and the committee to undertake the task will be formed shortly. NCF provides the framework for creation of the school syllabi and the writing of textbooks, while giving guidelines on teaching practices in India. O..
The US has a fleet of 300 electric buses. China has 4,21,0002019-05-20
Plodding down DeKalb Avenue in Brooklyn is a bus moving under the power of an eerily quiet motor. It looks newer than most buses on the route, with a vivid digital display facing the driver and doors that part with a futuristic pneumatic swoosh. Commuters trundling aboard at rush hour don't seem to realize this is one of the few electric buses—300 last year, to be exact—in America. In China, an electric bus wouldn’t be unusual at all. Out of almost 425,000 e-buses worldwide at the end of last year, some 421,000 were in China. The global e-bus fleet ..