BB raises digital bank capital requirement to Tk300cr
Previously, the minimum capital requirement for starting a digital bank was TK125. In contrast, traditional banks need TK500 crore for a license. Bangladesh Bank has raised the minimum capital requirement for digital banks to TK300 crore, as stated in a circular on August 24. Under guidelines established on June 14, 2023, the initial capital for […]
UCLA is hit with a $1 billion requirement to reinstate halted federal grant funding.
The Trump administration is addressing claims of discrimination and anti-Semitism by negotiating to reinstate over $5 billion in federal grant funding, with UCLA expected to pay $1 billion in installments. Additionally, a claims fund of $172 million will be set up for victims of civil rights violations related to discrimination based on race, religion, gender, […]
Trump Announces Requirement for Universities to Provide Admissions Data
On Thursday, President Donald Trump signed a memorandum intent on suspending race-based admission policies. This initiative aims to provide comprehensive data on how applicants can be admitted to universities that receive federal funding. Here’s a brief overview: In 2023, the U.S. Supreme Court determined that considering race in higher education admissions infringes on students’ civil […]
Trump’s EPA plans to eliminate Biden’s $1 trillion electric vehicle requirement
EPA Proposes Major Shift in Automotive Emissions Regulations For over a decade, the Environmental Protection Agency (EPA) has been at the forefront of what many see as a pivotal change in the automotive sector. On Tuesday, EPA Administrator Lee Zeldin put forward a proposal to revoke the contentious 2009 endangerment finding. This legal basis has […]
Court temporarily removes requirement to restore public funding tracker
Federal Court of Appeals Temporarily Lifts Order on Database Restoration On Wednesday, the Federal Court of Appeals temporarily lifted a judge’s order mandating that the Trump administration restore a public database detailing fund allocations to federal agencies. The order was originally set to take effect Thursday morning. However, the U.S. DC Court of Appeals intervened […]
Bishop in California’s largest county releases Catholics from the requirement to attend Mass due to concerns about deportations.
Bishop Dispenses Mass Obligation Amid Deportation Fears In our largest county, a bishop has released Catholics from the obligation to attend mass due to concerns over potential deportations. Bishop Alberto Rojas made this announcement on Tuesday, indicating that parishioners facing genuine fears regarding deportation can opt out of attending services. He referenced Canon Law, which […]
Republican senators commend the significant work requirement for Medicaid, while Democrats foresee negative outcomes.
Job Requirements for Medicaid Spark Debate Among Senators Democrats are gearing up for a heated discussion over new provisions in the proposed “one big beautiful bill,” particularly those that impose job requirements for adults seeking Medicaid benefits. Republicans, on the other hand, celebrate these requirements, asserting that “we have to go back to work.” The […]
Work requirement exemptions for veterans and the homeless targeted by Trump’s bill
Congress has made the decision to remove exemptions from work requirements for certain groups including veterans, homeless individuals, and young people who were foster parents and relied on food assistance. Initially, House Republicans had intended to keep these exemptions as part of a broader plan aligning with Trump’s tax cuts and spending policies. Meanwhile, Senate […]
Trump stops California’s electric car requirement and reveals a plan to prohibit windmills
Trump Unveils Plan to Ban Windmills and Overturn California’s Auto Regulations In Washington, President Trump has laid out a strategy to ban windmills, criticizing their “junk” aesthetics in areas like Palm Springs. This move aims to counteract California’s attempts to enforce nearly all new vehicles being electric by 2035. Trump declared that he is “officially […]
Governors need to abolish California’s ridiculous and damaging electric vehicle requirement.
On the day the Biden administration ended, the Environmental Protection Agency (EPA) approved California’s request to enforce an electric vehicle mandate. Despite the economic challenges, this move is intended to spur adoption in several other states, which could benefit American consumers and businesses. By allowing California to proceed with its advanced clean car regulations, the […]