AFTER the relentless hype about Bitcoin and other cryptocurrencies such as Ethereum, Solana, Dogecoin, LUNA, etc., for the last couple of years, we are now witnessing their complete meltdown. The hype was primarily driven by eye-popping increases in valuations of all the major cryptocurrencies. Bitcoin had gone from around USD 4,000 to USD 64,000, a sixteen fold increase, in 20 months.

ARE military technology aspects of the US-India relationship set to change in coming years? Recent reports suggest that the US is preparing a $US 500 million foreign military assistance package for India which, although a relatively small amount in  comparison with the multi-billion dollar value of large defence hardware acquisitions, has considerable political significance in the US security and foreign policy system. Such financial assistance would put India just behind major US allies Israel and Egypt.

THE Indian government’s refusal to consider the World Health Organisation estimates of excess deaths during the Covid-19 pandemic years and insisting that only India’s Civil Registration System  should be used for Covid-19 deaths, makes strange reading. WHO’s estimates of excess deaths have been used across the board for all countries. Even in countries with stronger birth and death registration systems than India such as the UK, US, WHO’s report shows that excess deaths have been much larger than the registered Covid-19 deaths.

EVEN before we reached peak summer, power cuts have started in many states. With power demand reaching 201 GW on April 26, we had a shortfall of 8.2 GW or 4 per cent. This shortfall is even before we have reached the peak of summer when the demand is expected to rise to about 220 GW. The current shortfall is not because we do not have enough generating capacity. We currently have an installed capacity of 400 GW, against a peak demand of about half that.

THE government is persisting with its arbitrary and non-transparent decision-making on approval and deployment of Covid vaccines and medicines, playing ducks and drakes with official regulatory procedures and even with its own government-appointed expert groups set up specifically to tackle the pandemic.