Posts published in Day: January 19, 2019

Modi’s pre-election handouts to cost India billions, breach fiscal targets

Saturday, January 19, 2019

A series of vote-catching measures planned by Indian Prime Minister Narendra Modi as he braces for a difficult general election may cost more than 1 trillion rupees ($14 billion), two sources with direct knowledge of the matter said. Much of the cost of the extra spending or revenue losses would have to be borne by the government that will take charge after the election due by May. The spending is…

From Alaska to Outer Space: Key Takeaways of New US Missile Defence Review

By Matthew Montgomery on Saturday, January 19, 2019

US President Donald Trump has unveiled the country’s new missile defence strategy, aimed at destroying enemy missiles “anywhere, anytime, anyplace”. Here are the highlights of the review, which has been the first to be presented since 2010. “Our strategy is grounded in one overriding objective: to detect and destroy every type of missile attack against any American target, whether before or after launch,” President Trump said on Thursday when presenting…

Air temperature in Latvia may drop as far as -21° C next week

Saturday, January 19, 2019

After the windiest and snowiest week, as anticyclone activity increases, weather in Latvia will become more stable – it will become drier and considerably colder. As the cyclone slowly recedes on weekends and the beginning of next week, some snowing may still be present, but mostly in Latvia’s central and eastern regions. No considerable increase of the layer of snow is expected, however. Nevertheless, with intense frost replacing thaw, roads…

Estonian child benefits may mean financial crisis for Latvian border town

Saturday, January 19, 2019

According to local media, some 1,300 of the inhabitants of Valka, the Latvian border town just across from Valga on the Estonian side, are already registered as Estonian residents. And their number is increasing. The strategy of the residents in question is to register in Estonia and go on living in Latvia. This allows them to claim Estonian benefits and makes looking for work, while they can go on living…

Candidate for welfare minister wants to increase wages for social workers

Saturday, January 19, 2019

Ramona Petravica (KPV LV), the candidate for the welfare minister, said that one of her primary tasks is to raise wages for social workers and EUR 6.4 million are necessary for this purpose. Petravica in an interview with the Latvian public radio today listed her priorities, and especially pay rise for social workers. “We have to find the necessary financing in this year’s budget, otherwise social workers may flow away…

Snoras probe puts damage at around EUR 500 mln

Saturday, January 19, 2019

Damage caused by suspected criminal activity by two former managers and main shareholders of Lithuania’s bankrupt bank Snoras are estimated at around 500 mln euros, prosecutors said LETA/BNS after completing their pre-trial investigation in the bank asset misappropriation case. They said sufficient evidence was collected during the pre-trial investigation to prove the suspects’ guilt in committing the crimes. Prosecutor Darius Stankevicius of the Organized Crime and Corruption Investigation Department at…