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outh Korea's parliament impeached acting President Han Duck-soo on Friday, less than two weeks after suspending President Yoon Suk-yeol's powers over his short-lived declaration of martial law, plunging the country deeper into political chaos. The impeachment of Han, the acting president since Yoon was impeached on Dec. 14 for declaring martial law on Dec. 3, has pushed South Korea's once-vibrant democratic success story into uncharted territory. In a statement after the vote, Han said he was saddened by what the unfolding events meant for the next generation, but accepted the outcome. "I respect parliament's decision and in order to avoid further chaos and uncertainty, I will suspend my duties in accordance with relevant laws," he said. He added he would await the decision of the Constitutional Court to review the impeachment motion. The ruling People Power Party, which has objected to the opposition-led impeachment of Han, said it had filed a constitutional petition. Finance Minister Choi Sang-mok now assumes the role of acting president as the person next in line under the law. He is set to speak to the military chief and consult the foreign minister and acting defence minister, a spokesperson said. The motion led by opposition parties passed with 192 of the 300 votes amid rowdy scenes by People Power Party members who surrounded the speaker's podium, chanting that the vote was invalid and parliament had engaged in "tyranny". Ahead of the parliamentary session, opposition leader Lee Jae-myung of the Democratic Party, which has majority control of parliament, accused Han of "acting for insurrection". There has been overwhelming public support for Yoon's removal, opinion polls showed after his martial law attempt. The plan for a vote to impeach Han came after he declined to immediately appoint three justices to fill vacancies at the Constitutional Court, saying it would exceed his acting role. Until just before voting began, it was unclear how many votes were needed to impeach Han. The threshold for a prime minister is a simple majority, while a two-thirds majority is needed for a president. Speaker Woo Won-shik declared a simple majority would constitute parliamentary approval. Earlier, the new acting President Choi pleaded with parliament to withdraw the plan to impeach Han, saying it would do serious damage to the economy. The South Korean won retreated to 1,475.4 per dollar, down 0.53 percent ahead of the parliamentary vote. "Impeaching Han would only mean prolonged political uncertainties," said Huh Jae-hwan, an analyst at Eugene Investment & Securities. "In terms of financial markets, [Choi] taking charge can only be bad news, as it only goes to show that political turmoil is ongoing." There was a chance the country would plunge into economic troubles comparable to its devastating financial crisis of the late 1990s, said Shin Yul, a political science professor at Myongji University. The vote to determine Han's fate comes on the day the Constitutional Court held its first hearing to review whether to overturn the impeachment and reinstate Yoon or remove him permanently from office. It has 180 days to reach a decision. Speaking in a preparatory hearing, Justice Cheong Hyung-sik said the court would move swiftly in the case considering its gravity, denying a request by Yoon's lawyers for a postponement in proceedings to better prepare. The next hearing is due on Jan. 3. One lawyer representing Yoon later told reporters the impeached president planned to appear in person in future. The hearing follows weeks of defiance by Yoon, who ignored court requests to submit documents as well as summons by investigators in a separate criminal case over his martial law declaration. Yoon was not required to attend Friday's hearing. If he is ousted, a new presidential election will be held within 60 days. Events since the Dec. 3 martial law declaration have sparked South Korea's gravest political crisis since 1987, when widespread protests forced the ruling party of former military generals to accept a constitutional amendment bringing in a direct, popular vote to elect the president. Yoon shocked the country and the world with a late-night announcement on Dec. 3 that he was imposing martial law to overcome political deadlock and root out "anti-state forces". Within hours, however, 190 lawmakers had defied the cordons of troops and police and voted against Yoon's order. About six hours after his initial decree, Yoon rescinded it. On Friday, prosecutors indicted former Defense Minister Kim Yong-hyun in the first move to put on trial an official accused of insurrection, Yonhap news said.Van Nistelrooy has replaced Steve Cooper at the King Power Stadium and saw Jamie Vardy open the scoring after just 98 seconds. Bilal El Khannouss and Patson Daka added goals after the break to ensure the Dutchman started with three points in style. Starting with a win! 🤩 Delivered by @bcgame #LEIWHU pic.twitter.com/X90nFSbMLm — Leicester City (@LCFC) December 3, 2024 His task is to keep the Foxes in the Premier League this season and after ending a five-game winless run they moved up to 15th, four points clear of the relegation zone. West Ham’s hierarchy will have seen what impact a managerial change can have as the jury remains out on Lopetegui, with away fans making their feelings clear by chanting “You’re getting sacked in the morning”. Niclas Fullkrug scored a consolation goal at the death but it counted for nothing and forthcoming games against Wolves, Bournemouth, Brighton and Southampton could determine the Spaniard’s future. When Van Nistelrooy went to bed last night, even he would not have dreamt of his side starting as well as they did as they went ahead with less than two minutes on the clock. One of the Dutchman’s first conversations following his appointment was to take Vardy to task for breaking his record for scoring in the most consecutive Premier League games nine years ago. And the veteran striker rolled back to the years as, living on the shoulder of the West Ham defence, he raced clear from El Khannouss’ through-ball and slotted into the corner. The linesman’s flag immediately went up but a lengthy VAR review ruled Vardy had timed his run perfectly and the goal stood. Vardy could have added a second from a similar move but this time Lukasz Fabianski denied him. The Dutchman quickly learned about the frailties of his side as West Ham created a raft of chances in search of an equaliser. Jarrod Bowen forced Mads Hermansen into a stretching save when he cut in from the right before Ings’ header crashed into the post and Max Kilman slipped at the crucial point from the rebound. Bowen, a constant threat, sent a ball across face of goal which evaded everyone before the England international was denied by a reflex save from the busy Hermansen. The Danish goalkeeper needed to be alert to tip over Mohammed Kudus’ deflected effort early in the second half before he was saved by the referee’s whistle after after his attempted punch went into his own goal, Tomas Soucek the man penalised. Leicester remained a threat on the counter-attack and that is how they doubled their lead just after the hour. Kasey McAteer was set clear down the left and his ball inside was perfect for El Khannouss to find the bottom corner from 15 yards. It was almost three as Fabianski produced an acrobatic save from Wilfred Ndidi’s header before Leicester needed a heroic piece of defending to keep their 2-0 lead intact. Crysencio Summerville bundled the ball goalwards and it was heading over the line until Conor Coady adjusted his feet and poked it clear. The Foxes, who also had a goal from substitute Bobby De Cordova-Reid chalked off by VAR, wrapped things up in the 90th minute when Daka broke clear and emphatically converted into the roof of the net. West Ham did get on the scoresheet when Fullkrug headed a corner home, but the game was already done.
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Personal Finance UPI Rule Change: RBI allows UPI access for prepaid payment instruments via third party applications; know full details By Shyamu Maurya December 30, 2024 0 4 Share Facebook Twitter Pinterest WhatsApp Telegram UPI Rule Change: RBI allows UPI access for prepaid payment instruments via third party applications; know full details UPI Rule Change: According to the circular issued by RBI, only full-KYC PPIs will be allowed to be linked for UPI payments. UPI transactions initiated from a PPI will first be verified through the customer’s existing PPI credentials. RBI: To promote digital payments, the Reserve Bank of India (RBI) has taken a big decision. Now it will be possible to make payments using prepaid payment instruments (PPIs) through third party UPI apps. The central bank has claimed that this change will promote interoperability in the digital payments ecosystem. What are Prepaid Payment Instruments (PPIs)? Prepaid Payment Instruments is a system in which users can save funds in a card or digital wallet for upcoming transactions. It is usually used for subscriptions and remittances. This new rule of RBI connects PPIs to the UPI ecosystem. UPI is India’s strongest digital payment platform. What is the new UPI rule? Earlier, PPIs such as digital wallets, gift cards and metro cards could only be used through their respective apps. But now, PPI holders with full-KYC (Know Your Customer) can link their instruments to popular UPI apps such as Google Pay, PhonePe, Paytm and BHIM, just like bank accounts are linked. According to the circular issued by RBI, only full-KYC PPIs will be allowed to be linked for UPI payments. UPI transactions initiated from the PPI will first be verified through the customer’s existing PPI credentials. This pre-authorization process ensures that the transaction is verified before it is set up in the UPI system. Will make digital payments more convenient RBI has also clarified that PPI issuers, in the role of payment system provider, cannot onboard customers of any other bank or PPI issuer. This step has been taken to prevent potential conflict of interest and maintain a clear rule. This change will not only make digital payments more convenient but will also give new heights to the Digital India mission by making UPI stronger. Tags rbi RBI New Rules UPI Rule Change Share Facebook Twitter Pinterest WhatsApp Telegram Previous article iPhone banned: Now these three iPhone models will not be sold, Apple has banned their sale, what is the reason? Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. 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