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Explained: Why Trump’s pardon to Blackwater contractors is controversial In the weeks leading up to his exit from the White House, President Donald Trump has issued a slew of controversial pardons. Who are the Blackwater contractors, and why were they jailed for the Nisour Square massacre in Iraq? Written by Rahel Philipose , Edited by Explained Desk | Vasco | Updated: December 24, 2020 4:17:53 pm From left: Dustin Heard, Evan Liberty, Nicholas Slatten and Paul Slough.(AP Photo/File) US President Donald Trump has pardoned four former security gua...

What is a municipal bond? A municipal bond is a kind of debt instrument where investors offer loans to local governments. They are issued by civic bodies for specific projects and usually have a 10-year tenure. The ULB pays the annual interest on the bonds to the investor at the decided rate. The difference between a bank loan and a municipal bond is that any institution can secure a bond only if it has favourable credit ratings. The bond helps raise funds from the stock market. The bond also increases the number of investors available to the civic body, as compared to a loan from a single ba...

Explained: How would a Kamal Haasan-Rajinikanth alliance fare in Tamil Nadu? Ahead of the 2021 Tamil Nadu Assembly elections, Kamal Haasan has proposed the idea of an alliance with Rajinikanth's new party. Why do some BJP leaders endorse this idea? And why do their fans oppose it? Written by Arun Janardhanan , Edited by Explained Desk | Chennai | December 23, 2020 11:26:53 am Rajinikanth and Kamal Haasan. (File Photos) As Tamil Nadu is headed for elections in May next year, Kamal Haasan became the first politician to start his campaign, m...

Cairn wins arbitration ruling against India in tax dispute: What is this case? Like Vodafone, this dispute between the Indian government and Cairn also relates to retrospective taxation. Written by Aashish Aryan , Edited by Explained Desk | New Delhi | Updated: December 29, 2020 9:09:19 am Worker cycles by machinery at Cairn India, Oil and Gas exploration plant at Barmer in Rajasthan. (Photo via Bloomberg) The Permanent Court of Arbitration at The Hague has ruled that the Indian government was wrong in applying retrospective tax on Cair...

Explained: Who is Bharat Ramamurti, on Biden’s National Economic Council? US President-elect Joe Biden has chosen Indian-American Bharat Ramamurti as Deputy Director of the National Economic Council (NEC). Who is he? Updated: December 23, 2020 9:48:54 am Bharat Ramamurti is a graduate of Harvard College and Yale Law School.(Twitter/@BharatRamamurti) On Monday, US president-elect Joe Biden named Indian-American Bharat Ramamurti as Deputy Director of the National Economic Council (NEC) for financial reform and consumer protection. NEC is the White House a...