TODAY NEWS ON April 06, 2024

News Headlines for CAT,CLAT,IPM-AT aspirants

RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%

The Monetary Policy Committee (MPC) on April 5 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the 7th time that the rates have been kept on hold. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.

Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts

Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with the layoffs becoming effective on May 27, according to reports to regional authorities. The workers were cut from eight offices in Santa Clara, according to the filings under the state’s Worker Adjustment and Retraining Notification Act, also known as WARN. But it’s not clear which departments or projects the employees were involved in.

Lok Sabha elections | ECI plans targeted intervention to enhance voting percentage in 266 constituencies in 11 States

The Election Commission of India (ECI) on April 5 said it has identified 266 parliamentary constituencies, including 215 in rural areas, with low voter turnout and is planning targeted intervention to enhance voting percentage in the upcoming Lok Sabha polls. Municipal commissioners from major cities and select district election officers from Bihar and Uttar Pradesh discussed enhancing voter engagement and participation in identified urban and rural Lok Sabha seats.

India abstains at U.N. Human Rights Council on vote calling for Gaza ceasefire, arms embargo against Israel

India on April 5 abstained on a resolution at the Human Rights Council that called on Israel for an immediate ceasefire in Gaza and called on states to implement an arms embargo, which was adopted by the 47-member Human Rights Council.

While India’s abstention is believed to be in line with previous votes on any HRC resolutions that call for “accountability”, it did vote in favour of three other resolutions that criticised Israel for human rights violations against Palestinians, Israel’s occupation of Syrian Golan, and called for the Palestinian right to self-determination. All four resolutions were introduced at the HRC in Geneva by Pakistan on behalf of the Organisation for Islamic Cooperation.

Congress manifesto vows to undo BJP government policies

From promising to probe the electoral bonds scheme and PM Cares Fund to rejecting the concept of one nation-one election, several sections of the Congress manifesto released on April 05 promises to undo key policy initiatives and promises of the Narendra Modi government if the party comes to power. 

Congress ‘Nyay Patra’ manifesto: Key promises include minimum wage, ₹1 lakh annually to poor families, and law on LGBTQIA

Releasing the party’s manifesto for the 2024 Lok Sabha elections on April 5, Congress party leader P. Chidambaram who headed the Manifesto Committee, said the document focuses on the theme of justice. The manifesto is being called ‘Nyay Patra’.

Text book revision: NCERT drops some references to Babri demolition, Gujarat riots, Manipur

Dropping references of demolition of Babri Masjid in Ayodhya, the mention of Muslims killed in Gujarat riots, references to Manipur and clarifying India’s stand on Jammu and Kashmir are the latest round of revisions made public by the National Council of Educational Research and Training (NCERT) in its textbooks for Class 11 and 12.

Iran’s Revolutionary Guard commander vows retaliation for strike that killed top generals

Iran’s commander of the powerful Revolutionary Guard General Hossein Salami said “no threat will go unanswered” in retaliation on April 5 for the airstrike widely attributed to Israel that destroyed Iran’s Consulate in the Syrian capital and killed seven of the guard’s members. This came after thousands marched chanting “death to Israel” and “death to America” during the killed officers’ funeral procession.

India allows exports of essential goods to Maldives despite strained ties

India has allowed limited exports of essential commodities, including sugar, wheat, rice, and onions, to the Maldives, the government said on April 5, even as ties between Male and New Delhi remained tense amid rising Chinese influence. India, a leading exporter of rice, sugar and onions, has imposed various curbs on exports of these food commodities to keep a lid on local prices ahead of general election.
 

Food inflation keeps RBI worried

The spike in food prices has kept the Reserve Bank of India (RBI) worried even though overall inflation has moderated to a certain extent.

On April 5, the Central bank’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the seventh time that the rates have been kept on hold.

Another Indian student dies in U.S, probe underway: Indian consulate in New York

An Indian student in the U.S. state of Ohio has died and police are investigating the case, India’s Consulate in New York said on April 5, the latest in a string of tragedies to shock the community in the country.

“Deeply saddened by the unfortunate demise of Mr. Uma Satya Sai Gadde, an Indian student in Cleveland, Ohio,” the Consulate General of India in New York said in a post on X.

Kejriwal should not be treated differently because he wants to run government from jail: ED

The Enforcement Directorate (ED) on April 5 submitted in a Delhi court that Delhi Chief Minister Arvind Kejriwal should not be treated differently just because he wanted to run the government from jail. The ED’s statement came after Mr. Kejriwal, who is lodged in Tihar jail in connection with the Delhi Excise Policy 2021-22 scam, had moved an application in court seeking more time for meeting with his lawyers in judicial custody.

Ethnic conflict casts a shadow on Manipur polls; Kuki-Zo, Meitei people devise voting strategies

As Manipur heads into the first phase of the Lok Sabha election in the shadow of an ethnic conflict, the two communities involved in the conflict — the Kuki-Zo people and the Meitei people — find themselves in a peculiar situation.

In the first phase on April 19, most of the violence-affected parts of the State go to the polls. These include all of the Inner Manipur constituency, which covers Imphal East, Imphal West, Bishnupur, and Thoubal districts having a largely Meitei population, and large parts of the Outer Manipur constituency (ST) covering Churachandpur, Kangpokpi and Chandel with a majority Kuki-Zo population.

Section 144 imposed in Leh ahead of ‘Pashmina March’ to highlight shrinking pastures

The Ladakh administration on April 5 imposed Section 144 in Leh, banning public rallies just two days ahead of proposed ‘Pashmina March’ by climate activist Sonam Wangchuk to the Changthang region to highlight shrinking grazing lands of the Union Territory (UT).

Santosh Sukhdeva, District Magistrate, Leh, cited “reliable inputs of apprehension of breach of peace and public tranquility in the district”, while imposing Section 144.

With its core vote intact, BSP seeks to play spoilsport in U.P.

Ahead of the BSP’s first big-ticket rally in western U.P.’s Nagina constituency on April 6, to be addressed by party leader Akash Anand, the caste equation of the party’s candidates for the 16 seats that go to polls on April 19 and 26 reveals that party supremo Mayawati aims to dent the vote banks of both the ruling NDA and the Opposition INDIA bloc in the region.

Rakhigarhi findings in NCERT books; Narmada Dam references dropped

Among the latest set of revisions that the National Council of Educational Research and Training (NCERT) has proposed in school textbooks are additions about findings from the DNA analysis of skeletal remains found at the archaeological site of Rakhigarhi in Haryana and the dropping of references to how the Narmada Dam project adversely affected tribals and drew them to displacement leading to greater destitution.

IPL-17: SRH vs CSK | Sunrisers outsmart Super Kings on a slow and sluggish pitch

An inspired collective bowling performance from its pacers, followed by Abhishek Sharma and Aiden Markram’s fireworks with the bat, ensured Sunrisers Hyderabad coasted to an easy six-wicket win over Chennai Super Kings at the Rajiv Gandhi International Stadium here on Friday.

IPL-17: Mumbai Indians get Suryakumar Yadav boost ahead of clash against Delhi Capitals

In a big boost for struggling Mumbai Indians, world number one T20 batter Suryakumar Yadav trained with the team in Mumbai on April 5 after a long injury layoff and unleashed his trademark shots without any visible discomfort, raising hopes that he could compete in the team’s next IPL match against Delhi Capitals. Five-time champions Mumbai Indians are languishing at the bottom of the 10-team table, having lost all three matches so far and if Suryakumar plays, the Hardik Pandya-led team will hope that his presence helps them with the anticipated turnaround.

Sikkim Chief Minister P.S. Tamang releases Sikkim Krantikari Morcha’s manifesto, guarantees social uplift

Sikkim Krantikari Morcha (SKM) president and Chief Minister P.S. Tamang on April 5 released the party’s manifesto for the Assembly and Lok Sabha polls in the State promising social uplift. The manifesto is based on nine guarantees for social uplift — dignity, capability, good governance, education, health, empowerment, pride, prosperity and social equality.

U.S., EU eye Chinese legacy chips in renewed semiconductor accord

The United States and the European Union committed to extend by three years their cooperation on identifying disruptions in the semiconductor sector, with a particular emphasis on mainstream “legacy” chips from China. The two sides concluded a two-day session of their Trade and Technology Council on Friday with a l2-page joint statement on the meeting’s outcomes. It said the two partners would share market intelligence about “non-market” policies and practices, which they argue prevail in China, and consult on planned action to address distortions on the global supply chain.

Byju’s breached loan terms, small stake sale blocked, arbitration order shows

Ed-tech startup Byju’s breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company already battling allegations of mismanagement. Byju’s was the country’s biggest startup until 2022 when it was valued at $22 billion, but has seen its fortunes dwindle amid an auditor exit, regulatory probes and calls from its investors to oust its CEO Byju Raveendran for mismanagement. The company, now valued at around $250 million, denies any wrongdoing.

Former England fast bowler Stuart Broad backs Ben Stokes decision to skip Twenty20 World Cup

Former England pacer Stuart Broad has backed talismanic all-rounder Ben Stokes’ decision to opt out of this year’s T20 World Cup due to fitness reasons but expressed concerns about fast bowler Jofra Archer’s never-ending injury woes. Supporting Stokes’ pullout from the upcoming T20 World Cup in the Caribbean and the USA, Broad said the defending champions will miss his aura but have enough resources to replace him as a player.

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