Klips is an effort to make news consumption less about ‘Alerts’ and ‘Breaking News’, but more about knowing what’s worth reading, just once a day, like the good old newspaper. Started in Jun 2018, and has been purely referral driven since then.

We send one update, generally early in the morning, summarising the most important news and a couple of interesting/op-ed columns, everyday.

On Sundays we do a special feature of long form articles with summaries on why you should read them.

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Archive

World 🌎| Imran Khan warns of ‘bloodbath’ in Kashmir once restrictions called off

• He warned that a war between the two nations will ‘reverberate beyond their borders’
• He was addressing the UNGA in a 30min speech

Reuters: https://reut.rs/2mcjVkD

Modi at UNGA:  Swacch Bharat, Ayushman Bharat and strong mandate

• Modi said India would be launching a campaign to stamp-out the use of single use plastic
• While the PM did bring up terrorism, he did not mention either Pak or Kashmir

Reuters: https://reut.rs/2nLLUI1

National 🇮🇳| Mumbai airport’s runway to be partially closed for 5 months

• The main runway will be shut for maintenance between 9am and 5:30pm from Nov 1

Livemint: http://bit.ly/2lLU5U7

Economy & Business 💰| Delhi govt to sell onions at ₹23.5/kg from Saturday: Kejriwal

• Each person will be eligible for 5kg at this rate
• Elections in Delhi are set to be announced anytime soon

Livemint: http://bit.ly/2nqStzu

🗣Air India sale gathers pace, Niti Aayog hears SpiceJet’s ‘concerns’

• While no carrier has shown interest in buying the airline, SpiceJet is considered to be in the forefront
• The panel to decide on the sale is headed by Amit Shah and met for the first time last week

ET: http://bit.ly/2mlpo8P

Opinion: The top court and a grave of freedom

• Worth reading the initial paras for handling of Kashmir and habeas corpus pleas

Hindu: http://bit.ly/2nmra9P

🗣Interesting: Maruti offers Rs 1L discount on Baleno

• This is far higher than the announced discount of ₹5000 across other cars

BS: http://bit.ly/2mw8ap1

Interesting (and funny): Indian Air Travel

• A heart-felt and hilarious Tweet thread by Pablo Chaterjee about Indian air travel, one that you will completely relate with

Twitter: http://bit.ly/2nXf2fy

World 🌎| HK CEO trapped for hours by protestors after ‘open dialogue’

• Thousands of protestors blocked the roads leading out of the stadium
• Almost 4 hours after the session ended, Carrie Lam was allowed to leave
• Protests have now gone on for 3 months

Reuters: https://reut.rs/2maIoGS

National 🇮🇳| 11 dead as rain batters Pune & neighbouring areas

• Pune has received 113% more rain than normal this year
• More than 28000 people have been rescued as rains and flooding caused widespread destruction

Reuters: https://reut.rs/2m0hbXs

Economy & Business 💰| PMC bank depositors can withdraw upto ₹10000: RBI

• The relaxation comes as a minor relief to depositors as the earlier cap was ₹1000
• Interestingly 60% of depositors have deposits less than this amount

Hindu: http://bit.ly/2ly1oij

🗣After RBI, Govt now wants ₹34000cr dividend from Oil companies

• The decision was taken before the announcement of the corporate tax cuts last Friday

ET: http://bit.ly/2lyVDAU

Tech 📱| FB gets digital rights for ICC events in sub-continent

• The rights are for certain content such as post-match recaps and featured content and not the live streams
• The partnership is similar to the one ICC had with Youtube for the recent World Cup

Livemint: http://bit.ly/2nGdQ06

Amazon announces ‘Day 1’ Alexa products: Glasses, ring and wireless EarPods

• All three products are ‘early iterations’ and in limited supply

Techcrunch: https://tcrn.ch/2lqZZd8

Opinion: Amazon Suddenly Realizes Its Customers Care About Privacy

• Some of its recent moves and announcements show a change in thinking

Bloomberg: https://wapo.st/2mbK96v

Interesting: Soon you can ride a Victoria with a renewed charm

• The iconic Victoria carriages are set to make a comeback at Mumbai’s Marine Drive, albeit in a different avatar

Hindu: http://bit.ly/2lyQEAc

🗣Interesting: On Manmohan Singh’s birthday, 4 reforms from his 1991 roadmap that changed India

Print: http://bit.ly/2mdd0aL

National 🇮🇳| Hyderabad gets heaviest rain in 100 years

• The city received 7.5cm of rain with some parts receiving 13.2cm rain, causing flooding and traffic jams
• The IMD said the city was witnessing an ‘unusual phenomenon’

Economy & Business 💰| Bulgaria’s Kristalina Georgieva named IMF chief

• She becomes the first emerging market MD of the IMF
• She has been the CEO of the World Bank will take over from Christine Lagarde

Reuters: https://reut.rs/2nhlOfW

#IMF: International Monetary Fund

PMC bank’s loans to HDIL come under lens

• PMC lent money to HDIL, which was facing insolvency proceedings, at a rate of 13% with deposit receipts as a pledge
• Also, HDIL owns 190000 shares of the bank besides 93000 shares of Dream The Mall, the company that owns the building housing the bank’s HQ

Livemint: http://bit.ly/2lbOaaD

Indo-US trade talks stall as US raises bar in removal of restrictions

• The US demands included removal of tariffs on number of items, changes in e-comm law, including data storage and cloud computing
• In return it was willing to provide only 50% of GSP benefits, that it ended recently

Livemint: http://bit.ly/2lOl9lJ

Tech 📱| WeWork Founder CEO Adam Neumann steps down

• Two new CEOs have been appointed to replace Neumann

Techcrunch: http://bit.ly/2nijUvq

Opinion: The real deal – On India-US trade deal

After the Howdy Modi ‘success’, Trump offers a reality check

Hindu: http://bit.ly/2mQZ2ep

Opinion: A booster shot for India Inc is nice. But how will this lead to greater consumption?

When the problems are demand driven, how is a corp tax cut going to help that?

ET: http://bit.ly/2nmG3Ja

Interesting: Daxing – World’s largest airport now open

Thr airport can handle 72mn passengers

Guardian: http://bit.ly/2nf1Q5k

World 🌎| US House begins Trump impeachment inquiry

• The matter relates to Trump’s calls to the Ukrainian president to investigate Joe Biden
• Trump called the inquiry ‘Witch hunt garbage’

Reuters: https://reut.rs/2n0w3Fj

Johnson suspension of Parliament unlawful: UK Supreme Court

• The court said: ‘The prime minister’s advice to Her Majesty was unlawful, void and of no effect’
• Johnson remained defiant, however, saying he ‘strongly disagreed’ with the decision

Reuters: https://reut.rs/2llJ4sv

National 🇮🇳| Trump urges Modi to improve ties with Pak

• He urged Modi to ‘fulfil his promise to better the lives of the Kashmiri people’
• This statement immediately followed his interactions with Imran Khan and offer to mediate, again

Reuters: https://reut.rs/2kZErUX

Economy & Business 💰| RBI puts curbs on PMC banks, withdrawals capped at ₹1000

• It’s now come to light that the bank had exposure to DHFL (Mumbai Mirror)
• RBI’s restriction caused a bank run as huge crowds gathered at bank branches

Mumbai Mirror: http://bit.ly/2lwTRjI

Livemint: http://bit.ly/2mVs90e

Interesting: You have the right to be forgotten by Google – but only in Europe

• In a landmark judgement Europe top court says the right is only restricted to Europe

Reuters: https://reut.rs/2kOZM3b

Interesting: VVPATs Can Be Hacked, Says Former IAS Officer in Series of Tweets

• Kannan, who resigned citing disillusionment after Kashmir lockdown raises some valid questions on the VVPAT

Wire: http://bit.ly/2mtDLYk

Mumbai Sandwich loses its Slice of Life

• Wibs bread, the iconic bread of the Mumbai Sandwichwala, with 46% market share and 90% share of sandwichwallas is off the shelves

Mumbai Mirror: http://bit.ly/2kWy6cJ

World 🌎| ‘How dare you’ says Greta to world leaders at UN climate summit

• The Swedish climate campaigner denounced world leaders and said ‘You have stolen my dreams’

Reuters: https://reut.rs/2mkPckI

Several stranded as Thomas Cook’s journey comes to an end

• The British travel company, started in 1841, has about 600,000 people overseas and will seek governments’ help to get them back home
• The company which had a piling debt was unable to secure a deal with investors or the British govt

Reuters: https://reut.rs/2lbThHO

GoT, Chernobyl win big at Emmy’s

• GoT won the award for the best drama series and a haul of 12 Emmys
• Chernobyl, a drama about the Soviet nuclear accident, won 10
• Amongst networks, HBO won 34 while Netflix won 27

Reuters: https://reut.rs/2lbVlzy

Winners list: https://www.emmys.com/news/awards-news/71st-emmy-award-winners-live

(Searching ‘Emmy winners’ on Google gives better results)

Economy & Business 💰| 🗣Markets jump for a 2nd day after tax cuts

• Sensex jumped 2.83% or 1075 pts
• The Sensex has gained over 8% over the last two sessions

Livemint: http://bit.ly/2kHaGYJ

Tech 📱| Travis Kalanick buys stake in cloud kitchen company Rebel Foods

• The Mumbai based company operates more than 250 cloud kitchens in 22 Indian cities

Livemint: http://bit.ly/2mjVdy8

Opinion: Credibility deficit – On  Collegium’s recommendation on Justice Kureshi

Hindu: http://bit.ly/2lfB64b

Opinion: India Sends Up the Monetary Helicopters

• A question worth asking is if the tax cuts will be financed by ‘Helicopter money’

Bloomberg: http://bit.ly/2kH5p3n

🗣Interesting: India at Wrestling World C’ships: Five medals, four Olympic quotas mark best-ever performance

Scroll: http://bit.ly/2mds0VQ

National 🇮🇳| 🗣RSS affiliate asks Gadkari to limit Ola, Uber surge pricing

• The Swadeshi Jagran Manch (SJM) has opposed the govt’s move to allow Ola, Uber to charge upto 3 times the amount during peak hours
• People have sent in screenshots of 6-min rides costing ₹2000, as per the SJM

Print:http://bit.ly/2LYYxYF

Economy & Business 💰| WeWork IPO shelved, India unit sale also delayed

• The IPO will now likely happen by end of 2019 at a reduced valuation of $10-12bn (from $47bn in Jan)
• The stake sale in the India unit will only happen post this IPO

Livemint: http://bit.ly/30mGiBH

Oil price jitters: Sensex loses 650pts, all 2019 gains lost

• India’s import bill is likely to rise due to the Saudi attack, even though Russia’s Rosneft has stepped in
• Oil prices were seen to cool as talks of Saudi output restoration came in

Livemint: http://bit.ly/2Lz6rsY

Tech 📱| Indian users can now add music to Instagram Stories

• The feature was unavailable earlier due to regional restrictions

Hindu: http://bit.ly/2LUj8xo

Opinion: Undesirable and divisive: On Amit Shah’s push for Hindi

Hindu: http://bit.ly/34UatUf

🗣Interesting: Use of seat belts goes up among bus, truck drivers

• A likely positive outcome of the new Motor Vehicle Act and fines

Hindu: http://bit.ly/2LWDHJt

🗣Opinion: Austerity for growth

• An open letter by former RBI Governor Dhruvvi Subbarao to the FM

IE: http://bit.ly/304q97Y

National 🇮🇳| SC directs govt to ‘restore normalcy’ in Kashmir

• The SC was hearing several pleas on Kashmir which it had so far avoided, to give the govt ‘more time’
• Justice Bobde called the situation ‘a terrible state of affairs’
• The lockdown has now continued for 42 days

Reuters: https://reut.rs/2I3Z4aP

Former CM and Union Minister Farooq Abdullah booked under law used against terrorists

• The Public Safety Act allows for detention upto 2 years with no court trials
• This came to light when the SC finally allowed pleas on Kashmir to be heard and Vaiko’s plea highlighted the detention

Hindu: http://bit.ly/30jUv2t

Economy & Business 💰| RBI’s current account under threat if oil surge continues: RBI Gov

• Oil prices surged after a drone strike on a Saudi oil field that affected 5% of global oil supply

Reuters: https://reut.rs/30pkPrZ

🗣Interesting: ‘Squarely blame Supreme Court for economic slowdown’: Harish Salve in conversation with Indira Jaising 

The Leaflet: http://bit.ly/2UYnQ16

🗣Opinion: Public? Safety?

• ‘Move to book Farooq Abdullah under PSA shows arbitrariness — and a lack of plan to address the crisis in J&K’

Indian Express: http://bit.ly/2UXxYY8

Interesting: Get popcorn for iOS 13’s privacy pop-ups of creepy Facebook data grabs

• Users are soon about to find out just how ‘creepy’ FB really gets as they use it on newer OS’s with privacy features

Techcrunch: https://tcrn.ch/2IbSVJB

Interesting: SoftBank Backers Rethink Role in Next Vision Fund on WeWork

Bloomberg: http://bit.ly/30ouLSu

World 🌎| HK Protestors boo Chinese national anthem at soccer game

• 10000 protestors jeered and held up signs with ‘boo’ as the Chinese National Anthem played

Reuters: https://reut.rs/2N5NQH3

National 🇮🇳| Mumbai Aarey trees: protestors move Mumbai HC

• The HC hearing is on Sept 17
• Protestors have also planned a silent protest on Friday at 4pm at BKC

Hindu: http://bit.ly/2N5PF6R

🗣IAF resurrects 17 Squadron ‘Golden Arrows’ for Rafale

• Ambala based 17 Squadron ‘Golden Arrows’ will operate the first squadron on the jet
• The jets are set to arrive in May 2020

Hindu: http://bit.ly/2NcaQ6X

Economy & Business 💰| Millennial mindset of using Ola, Uber is adversely affecting auto sector: FM

• She said this, along with shift to BS6 are the main reasons for the auto sector having it’s worst ever drop in sales (and not economic conditions)
• Oddly though, she didn’t explain why truck and other vehicle sales are down

Livemint: http://bit.ly/2N8yWj9

🗣Govt to buy J&K apples directly from farmers, transfer money to bank accounts

• NAFED will complete the purchases by 15th Dec
• Apple farmers have taken a serious hit due to the clampdown in Kashmir

Business Today: http://bit.ly/32z81R9

#NAFED: National Agricultural Cooperative Marketing Federation of India Ltd

Tech 📱| Apple launches Apple Watch 5 with always on display, as also iPhone 11

• The Watch will has a new display technology to achieve an all day battery life (18hrs), even with the screen on
• The iPhone 11 is priced at $699 (₹64900 in India)
• Apple also priced Apple TV+ at $4.99 a month and free 1 yr subscription for some Apple devices (₹99 in India)

Highlights in 11min: http://bit.ly/32vXfLm (Verge)

Reuters: https://reut.rs/2ZQGzlb

Jack Ma bids farewell to Alibaba

• Ma donned a rock star suit at one point and so did other senior members of Alibaba in a 4 hour event

Reuters: https://reut.rs/2UQg2P1

Interesting: With 10 unicorns, Delhi-NCR is the new startup capital of India: Report

Livemint: http://bit.ly/32JZZ8n

Opinion: Apple Finally Confronts Its Growth-Starved Reality

Bloomberg: http://bit.ly/32sRu1c

World 🌎| UN Human Rights Commission asks India to end lockdown in Kashmir

• The UNHRC asked the govt to respect basic human rights and restore mobile communications
• Kashmir is in lockdown now for more than a month

Hindu: http://bit.ly/2N7Fj6m

Tie my hands, but I will leave: Boris on Brexit

• He promised to go through with Brexit even if a deal is not worked out
• This despite a law being passed that will extend the deadline by 3months, to Jan 2020

Reuters: https://reut.rs/2ZLEPcR

National 🇮🇳| Nothing to fear in Citizenship Bill, Amit Shah

• The Home Minister said people of northeast had nothing to fear from the Citizenship Amendment Bill, which will come up in the RS in the next session
• Shah also said that article 371 was not in danger
• The Article gives special protection to the rights of the indigenous people of NE

Hindu: http://bit.ly/32AyUEa

To understand the dangers of religion based citizenship, check the video: http://bit.ly/2XfG9CG(Youtube, Akash Banerjee)

Vande Bharat express production stopped due to ‘discovery’ of high energy consumption

• It was ‘found’ that the train has far higher energy consumption than world standards, as mass production was to begin

Livemint: http://bit.ly/2N5VEZl

NHAI doesn’t require more govt support: Gadkari

• In what has been an ongoing parley between the PMO and Gadkari’s ministry, there is little clarity on how NHAI will service its massive debt
• The matter appears to be more of internal party politics than just economics (stay tuned for more on this)

Livemint: http://bit.ly/2Naiz5t

Economy & Business 💰| Passenger vehicles record worst ever drop in sales in Aug

• PV sales fell 31.57% while car sales dropped 41.09% y-o-y
• This is worst drop since 1997-98, when SIAM started recording data

Reuters: https://reut.rs/2N97HoM

#SIAM: Society of Indian Automobile Manufactures

Tribunal revokes ban on PWC

• SEBI had enforced a 2yr ban on PWC to audit firms in 2018
• The Securities Appellate Tribunal also said that SEBI had overstepped its jurisdiction
• The matter relates to the Satyam scam in which SEBI detected fraud

Livemint: http://bit.ly/32ElUxH

Paytm loses triple to ₹4,217cr

• This amount is higher than its revenue for ‘19 at ₹3,579cr
• Despite so called cashbacks, Paytm revenue grew only 8.2%

Livemint: http://bit.ly/2N6kbgH

Tech 📱| Anti-trust case launched against Google

• The case relates to ‘Google’s overarching control of online advertising and search results’
• The case has been opened by 48 US state Attorney Generals

Reuters: https://reut.rs/2NSZZi8

🗣⭐️When ’90s kids were getting drawn to cola, this Doodh ad made drinking milk cool again

• The story of Amul’s ‘Doodh doodh doodh doodh, piyo glass full doodh ad’

Print: http://bit.ly/2NeKKR9