Endeavor Careers Choicest Blogs: Weekly Current Affairs: June 2022, Week 04

Welcome to the Endeavor Editors’ Weekly Current Affairs Choicest Blog series. Get a weekly roundup – of news from business, economy, markets, policy, and more. A quick capsule format news summary and update to keep you abreast with all the latest current affairs.

1) International News and Global Economy

Ukraine’s Sievierodonetsk falls to Russia after one of the war’s bloodiest fights

Russian forces fully occupied the eastern Ukrainian city of Sievierodonetsk on Saturday, both sides said, confirming Kyiv’s biggest battlefield setback for more than a month following weeks of some of the war’s bloodiest fighting. Ukraine called its retreat from the city a “tactical withdrawal” to fight from higher ground in Lysychansk on the opposite bank of the Siverskyi Donets river. Pro-Russian separatists said Moscow’s forces were now attacking Lysychansk. The fall of Sievierodonetsk – once home to more than 100,000 people but now a wasteland – was Russia’s biggest victory since capturing the port of Mariupol last month. It transforms the battlefield in the east after weeks in which Moscow’s huge advantage in firepower had yielded only slow gains. Russia will now seek to press on and seize more ground on the opposite bank, while Ukraine will hope that the price Moscow paid to capture the ruins of the small city will leave Russia’s forces vulnerable to counterattack.

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Ukraine abandons Sievierodonetsk: What did Russia gain? | Ukraine Update

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Supreme Court strikes New York gun law, expanding gun rights

The US Supreme Court that Americans have a right to carry guns in public, a major expansion of gun rights. The justice’s 6-3 decision follows a series of recent mass shootings and is expected to ultimately allow more people to legally carry guns on the streets of the nation’s largest cities — including New York, Los Angeles, and Boston — and elsewhere. About a quarter of the U.S. population lives in states expected to be affected by the ruling, the high court’s first major gun decision in more than a decade. In their decision, the justices struck down a New York law requiring people to demonstrate a particular need for carrying a gun in order to get a license to carry one in public. The justices said the requirement violates the Second Amendment right to “keep and bear arms.”

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Analyzing the impact of the Supreme Court’s decision on New York Gun Rights Law

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U.S. Senators release gun violence bill after a bipartisan compromise

Senate bargainers have reached an agreement on a bipartisan gun violence bill, potentially teeing up final passage by week’s end on an incremental but landmark package that would stand as Congress’ response to mass shootings in Texas and New York that shook the nation. The legislation would toughen background checks for the youngest firearms buyers, require more sellers to conduct background checks, and beef up penalties on gun traffickers. It also would disburse money to states and communities to improve school safety and mental health initiatives. Aides estimated the measure would cost around $15 billion, which Sen. Chris Murphy of Connecticut, the lead Democratic bargainer, said would be fully paid for. Though Republicans blocked tougher restrictions sought by Democrats, the accord marks an election-year breakthrough on an issue that pits the GOP’s staunch gun-owning and rural voters against Democrats’ urban-centered backers of firearms curbs.

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Senate passes gun safety bill

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UK joins US, Canada, and Japan at G7 Summit to ban Russian gold imports

New exports of Russian gold will no longer be allowed to enter the UK, US, Canada, and Japan after tough new measures agreed upon at the G7 Summit in Germany on Sunday, designed to exert pressure on Russian President Vladimir Putin over the conflict with Ukraine. Gold is a major Russian export, worth 12.6 billion pounds to the Russian economy in 2021. London is a major global gold trading hub and UK sanctions will be the first of their kind to be implemented against Russia. London is a major global gold trading hub and UK sanctions will be the first of their kind to be implemented against Russia.

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Sri Lanka PM Ranil Wickremesinghe says economy ‘has collapsed,’ unable to buy oil

Sri Lanka’s prime minister says its debt-laden economy has “collapsed” after months of shortages of food, fuel, and electricity, and the South Asian island nation cannot even purchase imported oil. “We are now facing a far more serious situation beyond the mere shortages of fuel, gas, electricity, and food. Our economy has completely collapsed. That is the most serious issue before us today,” Prime Minister Ranil Wickremesinghe told Parliament. Wickremesinghe is also the finance minister tasked with stabilizing the economy, which is foundering under the weight of heavy debts, lost tourism revenue, and other impacts from the pandemic and surging costs for commodities. Wickremesinghe said the government had failed to act in time to turn the situation around, as Sri Lanka’s foreign reserves dwindled.

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No end to the turmoil in Sri Lanka: Shortages persist, protests continue

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Taiwan scrambles 29 jets to warn away Chinese planes in its air defence zone

Taiwan scrambled jets to warn away 29 Chinese aircraft in its air defence zone, including bombers that flew to the south of the island and into the Pacific, in the latest uptick in tensions and largest incursion since late May. Taiwan, which China claims as its own territory, has complained for the past two years or so of repeated missions by the Chinese air force near the democratically governed island, often in the southwestern part of its air defence identification zone, or ADIZ, close to the Taiwan-controlled Pratas Islands. Taiwan calls China’s repeated nearby military activities “grey zone” warfare, designed to both wear out Taiwanese forces by making them repeatedly scramble, and also to test Taiwanese responses.

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China sends 29 Warplanes to bear Taiwan, Xi’s message to the US ahead of BRICS Summit with Russia & Allies

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Russia is rerouting trade and oil to BRICS countries: President Vladimir Putin

President Vladimir Putin has said that Russia was in the process of rerouting its trade and oil exports toward countries from the BRICS group of emerging economies in the wake of Western sanctions over Ukraine. The BRICS countries comprise Brazil, Russia, India, China, and South Africa. In a video address to the BRICS Business Forum participants, Putin said Russia was discussing increasing the presence of Chinese cars on the Russian market as well as the opening of Indian supermarket chains. According to data from the Chinese General Administration of Customs, China’s crude oil imports from Russia were up 55% from a year earlier to a record level in May, displacing Saudi Arabia as China’s top supplier, as refiners cashed in on discounted supplies. Putin also said Russia was developing alternative mechanisms for international financial settlements jointly with its BRICS partners.

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Taliban urges the US to unfreeze funds to help Afghanistan after the tragic earthquake

Taliban urged the United States on Saturday to unfreeze Afghanistan’s foreign funds and lift financial sanctions to help the war-torn country deal with its deadliest earthquake in more than two decades. Taliban Foreign Minister Amir Khan Muttaqi on Saturday, while speaking to reporters in Kabul, said, “In these testing times, we call on the United States to release Afghanistan’s frozen assets and lift sanctions on Afghan banks so that aid agencies could easily deliver assistance to Afghanistan.”Notably, US President Joe Biden in February signed an executive order to free 7 billion US dollars out of more than 9 billion frozen Afghan assets, splitting the money between humanitarian aid for Afghanistan and a fund for 9/11 victims.

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2) India

India needs $223 billion to meet 2030 renewable capacity goals: Report

India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). The government has set a target of increasing non-fossil power capacity to 500 GW by 2030. It wants non-fossil fuel power sources to provide half of its electricity supply by 2030. The report ‘Financing India’s 2030 Renewables Ambition’, published in association with the Power Foundation of India, found that corporate commitments from Indian companies could help India achieve 86 percent of its 2030 goals of building 500GW of cumulative non-fossil power generation capacity, a statement issued by BNEF said.

For details visit here.

Leather, sports goods, textiles to gain from FTA with EU: Piyush Goyal

Ahead of the next round of negotiations between India and the European Union on the proposed free trade agreement (FTA) at the end of this month, commerce and industry minister Piyush Goyal said that the pact will give greater market access to several domestic sectors such as textiles, leather and sports goods in the EU. The two sides revived the talks on June 17 after a gap of more than eight years for agreements on trade, investments, and geographical indications (GI). A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. The next round of negotiations will take place from June 27-July 1 in New Delhi.

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Parameswaran Iyer appointed NITI Aayog’s new CEO

The government has named Parameswaran Iyer the next chief executive of the NITI Aayog to succeed Amitabh Kant, whose term ends on June 30. “Iyer has been appointed for a period of two years or until further orders, whichever is earlier, on the same terms and conditions as were applicable in respect of Shri Amitabh Kant,” the Appointments Committee of the Cabinet said in a notification on Friday.

For details visit here.

3) Economy

UK inflation hits a new 40-year high of 9.1% in May

British annual inflation has hit a fresh 40-year high, official data showed, further eroding workers’ wages and pressuring the Bank of England to keep on raising interest rates. The rate edged higher to 9.1 percent in May from 9.0 percent in April, remaining at the highest level since 1982, the Office for National Statistics (ONS) said in a statement. UK inflation is set to top 11 percent before the end of the year according to the Bank of England, fuelled by soaring energy prices. Inflation increased in May on “continued steep food price rises and record-high petrol prices”, said ONS chief economist Grant Fitzner.

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Cost of living: Inflation hits 40-year high as food prices rise

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“In all Sectors, We want to become a Global Industry”: Piyush Goyal

Union Minister Piyush Goyal on Saturday said India wants to capture the world market in all sectors and the country would “very soon” become a USD 30 trillion economy from the level of USD 3 trillion at present. The minister for textiles and commerce and industry said the domestic textile industry has huge potential to generate jobs in coming years and the Centre is working actively with various countries to finalize free trade agreement that will give zero-duty access to India’s textile sector in the world market, according to an official statement.

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4) Markets, Banking, and Finance

Fintechs behaving like banks may have triggered RBI order on credit lines

The central bank’s latest communication to fintech disallowing non-bank wallets and prepaid cards from loading their credit lines onto these products has caused widespread confusion in this segment of the payments industry, although the order came after concerns the regulator may have felt over several of the new-age companies seemingly assuming the lenders’ role without building sufficient safeguards. The Reserve Bank of India’s (RBI) circular follows widespread discussions the banking regulator has had with industry stakeholders as it seeks to understand the business models of lending startups, including credit-card-based fintech while aiming to release digital lending norms by July. For their part, fintech companies likened the order to giving traditional banks significant control of the sector’s innovation stack, potentially affecting their business models.

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RBI To Non-Banks: Can’t load Prepaid Payment Instruments via Credit Lines | CNBC-TV18 News

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RBI extends the deadline for card tokenization till 30 Sept

The Reserve Bank of India (RBI) on Friday extended the timeline for tokenization of debit and credit cards by another three months till September 30, 2022. The decision was made in consultation with the stakeholders to avoid disruption and inconvenience to cardholders. Earlier the due date for card tokenization was set on June 30, 2022. In a statement, RBI said this extended time period may be utilized by the industry for, (a) facilitating all stakeholders to be ready for handling tokenized transactions; (b) processing transactions based on tokens; (c) implementing an alternate mechanism(s) to handle all post-transaction activities (including chargeback handling and settlement) related to guest checkout transactions, that currently involve /require storage of CoF data by entities other than card issuers and card networks; and (d) creating public awareness about the process of creating tokens and using them to undertake transactions.

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RBI taps top banks including HDFC, ICICI, and SBI for blockchain-based trade financing project

HDFC Bank, ICICI Bank NSE 2.05 %, and State Bank of India NSE 0.63 % are among nearly a dozen top lenders the central bank is engaging with to run a blockchain-based pilot project centered on trade financing. If successful, it could help prevent loan frauds by the likes of Nirav Modi and Mehul Choksi, fugitive borrowers that gamed the system to siphon off thousands of crores of rupees. The pilot project, called ‘proof of concept’ in industry parlance, will harness blockchain technology where ‘blocks’ of transaction data are stored in ‘chains’ with peer-to-peer access to enhance the traceability of money flow.

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5) Business

Zomato board approves deal to acquire Blinkit for Rs 4,447 crore

The board of food delivery company, Zomato on June 24 approved the acquisition of quick commerce company Blinkit for Rs 4,447 crore in an all-stock deal. Also, Zomato’s restaurant supplies subsidiary Hyperpure will acquire the warehousing and ancillary services business of Hands-on Trade Private Limited for Rs 60.7 crore. While the Blinkit deal value was earlier estimated to be upwards of $700 million, the drop in Zomato’s stock price has reduced it to $568 million at current exchange rates. For Zomato, Blinkit is a last-ditch effort to enter the grocery space after it retreated twice from the segment – in 2020 and 2021. Last year, the company had said that its bet on the grocery space in the future will be through its investment in Blinkit.

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Zomato to buy Blinkit after cutting valuation in half | India Business Hour

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Following recent exits, Ola brings down the curtain on Ola Dash and ‘reorients’ Ola Cars

Following Arun Sirdeshmukh, the head of Ola’s used car business’ exit from the company last month, Ola has decided to “reorient” Ola Cars, its used car business which was started in October last year. It also announced that it has shut down Ola Dash, its quick commerce business. In January 2022 itself, the company announced Ola Dash’s expansion plans to open 500 dark stores across 20 cities. The company will be focusing more on strengthening its electric vehicle division. The company added that the Ola Cars infra, technology, and capabilities will be repurposed towards Ola Electric’s sales and service network. On the EV front, Bhavish Aggarwal-led firm plans to increase investments towards developing electric cars, cell manufacturing, and its financial services unit.

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Drug packaging to sport QR code to stop counterfeiting

The Union health ministry has mandated a compulsory quick response (QR) code on the packaging of 300 lifesaving drugs. The plan will be implemented in phases from May 2023. In the first phase, top brands which hold market shares of at least 35% each for lifesaving drugs will be required to display the QR code. This is aimed at preventing the sale of spurious drugs. In a gazette notification on Thursday, the government sought comments within 30 days from the drug industry, consumers’ associations, Indian Drug Manufacturers’ Association (IDMA), and medical professionals directly and indirectly linked with medicines. “At present, QR code is not mandatory. Some companies are putting it on a voluntary basis. The QR code will authenticate whether a drug is an original or a spurious one, and will carry details about the company, manufacturer, date of expiry, and brand details, among others.

For details visit here.

Jain Irrigation to merge Rs 4,200-cr worth global irrigation biz with Temasek-owned Rivulis

Jain Irrigation Systems Ltd on Tuesday said its global irrigation business will be merged with Temasek-owned Rivulis in a cash-and-stock deal, a move that will help the company reduce its consolidated debt by Rs 2,700 crore or around 45 percent. Jain Irrigation’s global irrigation business has been valued at Rs 4,200 crore, of which Rs 2,700 crore will be used to repay its all overseas debt, and Rs 200 crore will come to the parent company, its Managing Director Anil Jain told reporters here. The International Irrigation Business (IIB) of Jain Irrigation will now be merged with Rivulis to create a global irrigation and climate leader, being 2nd largest in the world with around USD 750 million in revenues. In a regulatory filing, Jain Irrigation said “cash proceeds will be utilized for the reduction of consolidated debt of Jain Irrigation by around 45 percent which includes all the restructured overseas bonds to the tune of USD 225 million and complete debt of overseas operating companies comprising of IIB.”

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Partners Group to invest over $250 million in Ecom Express

Partners Group, the global private markets investment manager said it has agreed to acquire a significant equity stake in Ecom Express, one of the largest providers of technology-enabled end-to-end logistics solutions to the Indian e-commerce industry. “Following the acquisition, Partners Group will (on behalf of its clients) become an equal shareholder in Ecom to existing investor Warburg Pincus, the global private equity firm focused on growth investing. CDC Group, the UK’s development finance institution, and Ecom’s founders will hold the remainder of the equity in the Company,” the company release said. Founded in 2012, Ecom provides logistics services in over 2,650 towns across more than 27,000 pin codes in India, covering 95% of India’s population. Its clients include India’s largest e-commerce players, with the company delivering almost a million shipments per day via 2,800 delivery centers. Since 2013, the company had raised seed funding from Olphans Capital, Rs 100 crore from Peepul Capital in 2014, Rs 850 crore from Warburg Pincus in 2015, and a follow-on round of Rs 193 crore from Warburg in 2017. CDC Group invested $30 million in 2019.

For details visit here.

GAIL to enter distributed LNG production business to provide fuel to users

GAIL (India) Ltd, the nation’s largest gas transportation and marketing firm, on Wednesday said it plans to enter into distributed Liquefied Natural Gas (LNG) production to take the fuel to users. GAIL will liquefy or turn natural gas into a liquid at sub-zero temperature and transport it in trucks to users. “In a first-of-its-kind endeavor in the country, GAIL plans to enter into distributed LNG production with the vision to cater to the demand from off-grid locations and the transport sector,” it said in a statement. GAIL has placed an order for two small-scale liquefaction skids capable of producing LNG on a pilot basis. Liquefaction will be achieved through proprietary technology-based mobile liquefaction skids.

For details visit here.

Bureau of Indian Standards issues performance standards for electric vehicle batteries

The Bureau of Indian Standards (BIS) has come out with performance standards for electric vehicle batteries in order to ensure the safety of consumers. The standard “IS 17855: 2022” has been formulated for lithium-ion traction battery packs and systems of electrically-propelled road vehicles and it has been harmonized with ISO 12405-4: 2018, the official added. According to the official, the new EV batteries’ standard incorporates the test procedure for the basic characteristic of performance, reliability, and electrical functionality for the battery packs and system for either high power or high energy application. Considering the safety aspect of batteries for electronic vehicles, the BIS is in the process of publishing two more standards related to batteries for various passenger and goods-carrying vehicles (L, M, and N categories).

For details visit here.

6) Technology

Seven companies have built ONDC-Compatible Apps so far: Government

The Ministry of Commerce and Industry on Thursday (June 23) said that seven companies have adopted the Open Network for Digital Commerce (ONDC) protocols. These seven companies have built their own ONDC-compatible apps and are in advanced stages of integration on the platform. ONDC is an open protocol-based digital commerce platform that will enable buyers and sellers across a wide variety of segments to list on the platform and transact with a gamut of digital-savvy consumers. The pilot run of the project is currently underway across retail as well as food and beverages segments in five cities – Bengaluru, New Delhi, Bhopal, Shillong, and Coimbatore.

For details visit here.

India’s Digital Economy to be valued at $1 tn By 2025: PM Modi

Prime Minister Narendra Modi on Wednesday (June 22) said that the country’s digital economy is well poised to grow to $1 Tn by 2025. Addressing the opening ceremony of the BRICS Business Forum virtually, PM Modi said that technology-led growth is one of the important pillars of India’s economic recovery from the pandemic. He further added that the Union government has introduced a slew of innovation-friendly policies for sectors such as space tech, clean energy, and drones, among others. He also said that the country is expecting a 7.5% growth rate this year which would make India the fastest-growing major economy in the world. The prime minister’s words come on the back of rapid digitization and increasing internet penetration in the country. India’s consumer digital economy, which stood at $85-90 Bn in 2020, is slated to grow nearly 10X to $800 Bn by 2030 at a compounded annual growth rate (CAGR) of 25%.

For details visit here.

7) Politics

MVA vs Eknath Shinde camp: Maharashtra power struggle heading to courtroom

The power struggle in Maharashtra seems headed to the courtroom with the Maha Vikas Aghadi (MVA) and the rebel Shiv Sena camp, led by Eknath Shinde, using procedural precedents to outdo each other, which may prolong the impasse. Shiv Sena has sought disqualifications of its rebel lawmakers, who have in turn moved a notice of motion for removal of the deputy speaker and claim he has no locus standi to have them barred. As an increasing number of its own lawmakers and independents join the Shinde camp, the Sena has deployed the disqualification strategy to defend itself and the ruling coalition. It sought disqualifications of 12 Shiv Sena MLAs, including that of rebel leader Shinde, and submitted an application to deputy speaker Narhari Zirwal on Thursday.

For details visit here.

Maharashtra Political Crisis: Explained

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Draupadi Murmu picked as the BJP-led NDA’s candidate for the Presidential elections

The BJP has chosen former Jharkhand governor Draupadi Murmu as the party’s pick for the upcoming Presidential elections on a day when the Opposition also chose Yashwant Sinha as its candidate. The decision was taken at the BJP’s parliamentary board meeting. The meeting was attended by PM Narendra Modi and other senior BJP leaders including JP Nadda, Rajnath Singh, Amit Shah, Nitin Gadkari, and others. Addressing the press conference, BJP president JP Nadda said that after extensive discussions with NDA allies, it was felt that the Presidential candidate should come from the Northeast and should be a woman tribal candidate.

For details visit here.

Who is Draupadi Murmu? Here is everything you need to know about BJP’s Presidential candidate

Hailing from Odisha’s Mayurbhanj district and coming from a tribal community, Murmu started out as a teacher and then entered into Odisha politics. In 2015, Murmu was sworn in as the first woman Governor of Jharkhand. Once elected, she will become the first tribal president of India and the second female president in the country’s history. She was Jharkhand’s first female governor. She was also the first Odia woman and tribal leader to be named governor of an Indian state and serve for the full term of her office. A two-term former MLA from Rairangpur, Murmu held on to her assembly seat in 2009 when the BJD had snapped ties with the BJP weeks ahead of the state elections which were swept by Chief Minister Naveen Patnaik.

For details visit here.

Yashwant Sinha | The political journey of the Opposition’s Presidential candidate

After being one of the tallest figures in the BJP for nearly two and a half decades, Mr. Sinha quit the saffron party in 2018 alleging that the National Democratic Alliance (NDA) government at the Centre was undermining democratic institutions. Declaring that he would be severing all ties with the BJP and “taking sanyas from party politics”, the senior leader had announced his quest to “save democracy”. Being a vocal critic of NDA policies such as the Citizenship Amendment Act (CAA) in the years to follow, Mr. Sinha launched a 3,000 km Gandhi Peace March demanding the withdrawal of the CAA. In March 2021, ahead of the crucial Assembly elections in West Bengal, the octogenarian leader, citing the democratic cause once again, joined Mamta Banerjee’s TMC.

For details visit here.

8) Opinion

India’s inflation fight will not be painless, says RBI deputy governor Michael Patra

Speaking at an industry meet in New Delhi, Deputy Governor in charge of monetary policy, Michael Patra, said inflation based on the consumer price index, would stay above the RBI’s target range of 2%-6% for the next three quarters. Patra, a member of the monetary policy committee, said it was necessary to bring down inflation below 6% because elevated price pressures “unambiguously” hurt growth. He added that even though containing food and fuel prices was outside the remit of the central bank, it was important to tame the second-round impact of elevated prices. “There are indications that inflation is peaking as monetary policy works through into the economy,” Patra said, adding CPI is expected to drop below 6% in the fourth quarter of 2023 and ease to touch 4% in two years.

For details visit here.

US recession set to impact India; may lead to growth slowdown in medium-term

The impending growth slowdown in the United States is set to hamper the growth trajectory of India in the medium term, analysts say. Research firm Nomura in a note on Thursday said that as per its Nomura India Normalization Index (NINI), the Indian economy is now racing back to above-normal levels, led by broad-based improvements across consumption, investment, industry, and the external sector. However, in the medium term, with a ‘prolonged mild recession’ in the US, as the firm has forecasted, India’s economy is likely to see a growth slowdown. Growth challenges exist already, with India being the only Asian country whose inflation is furthest above its target.

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10 key consequences of the Emergency imposed by Indira Gandhi 47 years ago

On the 47th Anniversary of the Emergency, Shekhar Gupta talks about ten salient consequences of that 21-month period, finally signposting the importance of renewed laws and a political contract between the people and the state.

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9) Weekly special

IndiaMART-backed Shipway is now Shipway One: Here’s how it aims to help D2C Brands

Gurugram-based logistics SaaS startup Shipway aims to help India’s burgeoning direct-to-consumers (D2C) segment, pegged to reach $302 Bn by 2030, growing at a CAGR of 23.8%. Since its launch in 2015, IndiaMART-backed Shipway claims to have partnered with 14K sellers, including prominent D2C brands such as fine jewelry company BlueStone, eyewear firm Lenskart, and beauty brand Bella Vita Organic. It caters to more than 4K active users per month and is clocking a 20% MoM revenue growth, the startup said.  Shipway has now rebranded itself and combined its different applications to do away with operational silos and improve the quality of experience across the entire customer cycle.

For details visit here.

10) Did you know?

What is AR3038 Sunspot?

Sunspots are dark areas on the sun’s surface that are associated with intense bursts of radiation. They appear dark because they are cooler than other parts of the sun’s surface. Sunspots are relatively cool because they form over areas where the sun’s magnetic fields are particularly strong—so strong that they prevent some heat within the sun from reaching its surface. These tangled magnetic fields can sometimes suddenly reorganize themselves. When that happens, a sudden explosion of light and radiation is propelled away from the sun in the form of a solar flare. The sunspot that has been growing in size recently is known as AR3038. The magnetic field associated with the sunspot means it could potentially send an M-class solar flare at Earth—the second-strongest type. However, it is not known whether this will be the case.

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Sunspot AR3038 grows rapidly

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With that, we come to an end of our Weekly Current Affairs June 2022 -Week 4. Hope you have liked it. Write your feedback in the comments below and let us know if there is anything else you would like us to cover.

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