TODAY NEWS ON November 07, 2024

News Headlines for CAT, CLAT and IPM aspirants

Source: The Hindu

National News

• Union Cabinet approves ‘PM Vidyalaxmi’ scheme for students to avail easy loans for higher education
• Parliamentary panel on External Affairs defers discussion on Canada and China
• Centre infuses equity of ₹10,700 crore in Food Corporation of India
• JPC is meeting groups with no locus standi on the Waqf issue, alleges Muslim Law Board
• Supreme Court directs trial courts to order payment of victim compensation in sexual assault cases
• Bharti Telecom buys Airtel stocks worth ₹11,700 crore from Bharti family investment firm
• Caste census launched in Telangana
• CBSE cracks down on ‘dummy’ schools: Affiliation of 21 schools withdrawn, six schools downgraded
• EAM Jaishankar calls on Australian PM Albanese, discusses ties
• Indian service providers signal robust growth in October on strong demand conditions
• Indian boxer Mandeep Jangra wins WBF’s world title

International News

• Trump claims victory over Harris
• Harris says nation must accept election results while urging supporters to keep fighting
• ‘Whole world loves Modi’: Trump in a post-victory conversation with PM Modi
• Spanish region says 93 missing after devastating floods
• UK identifies four cases of new mpox variant, the first cluster outside Africa
• ‘Real Democracies function differently’: India slams Pakistan in United Nations
• ‘Worry’ in Ukraine at Trump victory at critical moment in war
• U.S. Supreme Court to hear Facebook bid to escape securities fraud suit
• Swiss ‘burqa ban’ to take effect from 2025
• Gauff defeats Swiatek to reach the semifinals at the WTA Finals. Sabalenka is assured of No 1

Headlines in Detail

Trump claims victory over Harris

Donald Trump claimed victory and pledged to “heal” the country as results put him on the verge of beating Kamala Harris in a stunning White House comeback. Mr. Trump took to the stage at his campaign headquarters in Florida along with his wife Melania and several of his children. “We are going to help our country heal,” the Republican former President said. Mr. Trump, who won Wisconsin, cleared the 270 electoral votes needed to clinch the Presidency. The former President also won the swing States of Pennsylvania and Georgia.

Harris says nation must accept election results while urging supporters to keep fighting

Kamala Harris said Wednesday that “we must accept the results of this election” as she encouraged supporters to continue fighting for their vision of the country after her loss to Donald Trump.

‘Whole world loves Modi’: Trump in a post-victory conversation with PM Modi

Prime Minister Narendra Modi spoke to U.S. President-elect Donald Trump on Wednesday (November 6, 2024) to congratulate him on his “spectacular” victory, and said he looked forward to working together with him again to further strengthen India-U.S. relations across technology, defence, energy, space and other sectors.

Union Cabinet approves ‘PM Vidyalaxmi’ scheme for students to avail easy loans for higher education

Union Cabinet has approved a new scheme PM Vidyalaxmi that provides financial support to meritorious students facing financial constraints that prevent them from pursuing quality higher education. As per the scheme, anybody who gets admission to Quality Higher Education Institutions (QHEIs) will be eligible to get collateral-free, guarantor-free loans from banks and financial institutions to cover the full amount of tuition fees and other expenses related to the course.

Parliamentary panel on External Affairs defers discussion on Canada and China

The Parliamentary Standing Committee on External Affairs deferred deliberations on Indo-Canada and Indo-China relations for the second consecutive time. On Wednesday (November 6, 2024), Foreign Secretary Vikram Misri was scheduled to brief the panel headed by senior Congress leader Shashi Tharoor but, as per the sources, the panel ran out of time and could not take up the deliberations.

Centre infuses equity of ₹10,700 crore in Food Corporation of India

The Cabinet Committee on Economic Affairs, on Wednesday (November 6, 2024), approved the infusion of equity of ₹10,700 crore in Food Corporation of India (FCI) by way of conversion of ‘Ways and Means Advance’ to equity in 2024-25. This will be used as working capital for the FCI in this financial year.

JPC is meeting groups with no locus standi on the Waqf issue, alleges Muslim Law Board

The opposition to the Joint Parliamentary Committee (JPC) set up to consider the proposed amendments to the Waqf Act continues to grow. Following Opposition MPs’ threat to disassociate themselves from the panel in protest over its chairman’s “unilateral decisions”, the All India Muslim Personal Law Board (AIMPLB) has now expressed concern over the JPC’s alleged constitutional violations and side-stepping of the established rules.

Supreme Court directs trial courts to order payment of victim compensation in sexual assault cases

The Supreme Court has directed Sessions Courts deciding sexual assault cases to mandatorily order compensation to be paid to victims, especially if the survivors are minors and women.

Spanish region says 93 missing after devastating floods

Some 93 people are listed as missing after devastating floods ravaged southeastern Spain over a week ago, killing more than 200, regional judicial authorities in Valencia said on Wednesday.

UK identifies four cases of new mpox variant, the first cluster outside Africa

British health officials say they have identified four cases of the new, more infectious version of mpox that first emerged in Congo, marking the first time the variant has caused a cluster of illness outside of Africa. Scientists said the risk to the public remains low.

Bharti Telecom buys Airtel stocks worth ₹11,700 crore from Bharti family investment firm

Bharti Airtel’s promoter Bharti Telecom has purchased around 1.2 per cent shares of the company from the Bharti family’s investment firm Indian Continent Investment Limited, a regulatory filing said on Wednesday.

Caste census launched in Telangana

Backward Classes Welfare Minister Ponnam Prabhakar launched Telangana’s door-to-door survey at the Greater Hyderabad Municipal Corporation (GHMC) office in Hyderabad. The survey is to assess the social, economic, political, caste and educational status of all households across the State. It is being conducted by the State Planning Department. The Minister said that the caste census was last conducted in 1931.

CBSE cracks down on ‘dummy’ schools: Affiliation of 21 schools withdrawn, six schools downgraded

In a crackdown on ‘dummy’ admissions, the Central Board of Secondary Education withdrew affiliation of 21 schools and downgraded six schools from senior secondary to secondary level, officials said. “We are taking a decisive action to combat the proliferation of dummy schools and send a clear message to all affiliated institutions to resist the lure of accepting dummy or non-attending admissions,” CBSE Secretary Himanshu Gupta said.

‘Real Democracies function differently’: India slams Pakistan in United Nations

Member of the Parliament Rajiv Shukla answered Pakistan in the United Nations during a U.N. session as Pakistan yet again raised the issue of Kashmir. Mr. Shukla, while referring to Pakistan, said, “A delegation has yet again used this august forum for peddling lies and falsehood. It is habitual for this delegation to resort to disinformation and misinformation. This delegation tends to measure the world’s largest democracy using similar yardsticks”.

EAM Jaishankar calls on Australian PM Albanese, discusses ties

External Affairs Minister S. Jaishankar called on Australian Prime Minister Anthony Albanese and discussed ways to deepen the bilateral comprehensive strategic partnership. During the meeting, Mr. Jaishankar also conveyed Prime Minister Narendra Modi’s greeting to Albanese. The minister is on an official visit to Australia from November 3-7. He also met New Zealand’s Deputy Prime Minister and Foreign Minister Winston Peters in Canberra.

Indian service providers signal robust growth in October on strong demand conditions

India’s services Purchasing Managers’ Index (PMI) recovered from its ten-month low in September to reach 58.5 in October supported by strong expansions in output and new business, which in turn boosted job creation, a monthly survey said. The seasonally adjusted HSBC India Services Business Activity Index increased from 57.7 in September to 58.5 in October, as robust sales pipelines and strong demand conditions supported the upturn in business activity.

‘Worry’ in Ukraine at Trump victory at critical moment in war

Donald Trump’s victory in the U.S. Presidential elections has sparked anxiety on the streets of Kyiv at a decisive moment of the war as Ukrainian defences buckle under mounting Russian pressure. Natalia Pichakchi, who fled the southern city of Mariupol which is now controlled by Russian forces after a brutal siege in 2022, said she expected that crucial aid would begin to dry up. “It’s worrying. It’s disturbing,” she said. “Something will change; there will not be the same kind of support as before,” she added.

U.S. Supreme Court to hear Facebook bid to escape securities fraud suit

The U.S. Supreme Court is set to consider a bid by Meta’s Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user data. The plaintiffs accused Facebook of misleading investors in violation of the Securities Exchange Act, a 1934 federal law that requires publicly traded companies to disclose their business risks.

Swiss ‘burqa ban’ to take effect from 2025

“A contentious Swiss prohibition on facial coverings in public spaces widely known as the “burqa ban” will take effect on January 1,” the Government said. Narrowly passed in a 2021 referendum in neutral Switzerland and condemned by Muslim associations, the measure was launched by the same group that organised a 2009 ban on new minarets. The governing Federal Council said in a statement it had fixed the start of the ban and that anyone who unlawfully flouts it faces a fine of up to 1,000 Swiss francs ($1,144).

Indian boxer Mandeep Jangra wins WBF’s world title

Indian professional boxer Mandeep Jangra won the World Boxing Federation’s super featherweight world title after defeating Britain’s Conor McIntosh in the Cayman Islands. He delivered powerful punches from the outset, maintaining his stamina throughout the 10 rounds, while the British boxer struggled to keep pace.

Gauff defeats Swiatek to reach the semifinals at the WTA Finals. Sabalenka is assured of No 1

Coco Gauff earned her second victory over Iga Swiatek in 13 career matchups, winning 6-3, 6-4 at the WTA Finals to reach the semifinals of the season-ending tournament.