TODAY NEWS ON August 11, 2024
News Headlines for CAT, CLAT and IPM aspirants

Source: The Hindu

Hindenburg Research alleges SEBI chief held investments in offshore funds used by Adani Group

U.S. based short-seller Hindenburg Research in a new report released on Saturday (August 10, 2024) alleged that the chairperson of India’s market regulator Securities and Exchange Board of India (SEBI) Madhabi Puri Buch held investments in certain offshore funds that were also used by the Adani group.

Vinesh Phogat appeal: Court of Arbitration for Sport defers decision

The ad-hoc division of the Court of Arbitration for Sport (CAS) on Saturday deferred the decision on wrestler Vinesh Phogat’s appeal against her disqualification for being overweight and “withdrawal of her silver medal.”

Russia no longer admits Indians to military for Ukraine war: Russian Embassy

Russia no longer admits Indians into its Army, the Russian Embassy disclosed in a statement, adding that Russian and Indian authorities are in “close coordination” to help discharge Indian nationals recruited for the war in Ukraine.

Lack of health insurance coverage in rural areas, family member still primary caregivers: study

Only half of the rural households have government health insurance while 34% lack any health insurance coverage at all and 61% of those surveyed lack life insurance. This is coupled with limited access to diagnostic facilities and affordable medicines further posing challenges to this cohort notes the ‘State of Healthcare in Rural India, 2024’ report, released recently.

Bangladesh Chief Justice resigns; Hindus protest demanding protection

Bangladesh’s Chief Justice Obaidul Hassan resigned on Saturday amid protests by students who demanded his resignation as well as a restructuring of the country’s judiciary. “Our Chief Justice has resigned. His resignation letter has already reached the Law Ministry. We will send it to the President without delay for taking necessary measures,” Law, Justice and Parliamentary Affairs Adviser Asif Nazrul said in a video message on Saturday.

K. Natwar Singh, former External Affairs Minister, passes away

Former External Affairs Minister K. Natwar Singh passed away on Saturday (August 11, 2024). He was 95 and was hospitalised for nearly two weeks in a clinic in Gurugram, outside New Delhi. Singh served as the External Affairs Minister in 2004-05 in the Cabinet of former Prime Minister Dr. Manmohan Singh of the UPA.

Olympics chief Thomas Bach says will not seek third term

International Olympic Committee president Thomas Bach said at the Paris Games on Saturday (August 10, 2024) he will not seek to remain in charge for a third term. “New times are calling for new leaders,” the 70-year-old German lawyer, who has been in charge since 2013, told a session of IOC members in the French capital.

Kolkata doctor rape, murder case: Massive protests erupt across medical colleges in West Bengal

Massive protests have erupted among junior doctors and medical professionals in medical colleges and hospitals across the State following the alleged rape and murder of a female doctor at the State-run RG Kar Medical College and Hospital in Kolkata.  This follows the arrest of a civic volunteer named Sanjay Roy on Saturday morning in connection to the case. The accused was produced before a city court and was remanded to 10 days of police custody.

Israel strike on Gaza school shelter kills around 100 people, Hamas-run media office says

An Israeli airstrike on a Gaza school compound housing displaced families killed around 100 people, the Hamas-run Gaza government said on Saturday (August 10, 2024), an attack the Israeli military said targeted Hamas and Islamic Jihad militants operating there.

Modi offers all possible aid for landslide-hit Wayanad

Prime Minister Narendra Modi said on Saturday that the Centre would provide all possible help in the relief and rehabilitation efforts in the landslide-hit areas of Wayanad district in Kerala. Chairing a review meeting at the Wayanad Collectorate here after visiting the landslide-hit villages, Mr. Modi said supporting the victims of the catastrophe was the need of the hour and funds would not be a constraint.

2 soldiers killed, four injured in gun battle with militants in J&K

Two soldiers were killed and four injured in an ongoing anti-militancy operation in south Kashmir’s Anantnag, where a group of militants was engaged in a firefight by the security forces in a forest area on Saturday. “The encounter started at Ahlan Gagarmandu area of Anantnag district. Police and security forces are on the job,” a police spokesperson said.

RBI’s MPC keeps policy rate unchanged, CPI inflation projection for FY24 revised to 5.4%

The Monetary Policy Committee (MPC) of the Reserve Bank of India on August 10 decided unanimously to keep the policy repo rate unchanged at 6.50%. Consequently, the standing deposit facility (SDF) rate remains at 6.25% and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%. The MPC also decided by a majority of 5 out of 6 members to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Benchmark equity indices declined post the RBI monetary policy, dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. The 30-share BSE Sensex fell 307.63 points or 0.47% to settle at 65,688.18. During the day, it tanked 486.67 points or 0.73% to 65,509.14. The NSE Nifty declined 89.45 points or 0.46% to end at 19,543.10.

Article 370 abrogation | There was no conditional surrender of the sovereignty of J&K to India: CJI Chandrachud

The Chief Justice of India (CJI) D.Y. Chandrachud while heading a Constitution Bench observed on August 10 that the sovereignty of Jammu and Kashmir (J&K) was ceded completely to the Union of India after its accession and that fetters on the powers of the Parliament to legislate on certain subjects do not affect the Union’s sovereignty over J&K. CJI Chandrachud highlighted that concurrence was not something unique only to the relationship of the Union with J&K. He said that there were various shades of concurrence required in the Constitution and that it does not affect the sovereignty of the Union. “Our notions of parliamentary exclusion from states have been an evolving exercise. But one thing is clear, sovereignty was ceded completely to the Union of India”, the CJI added.

Government lists Bill in Rajya Sabha to regulate appointment of Chief Election Commissioner, Election Commissioners

The government has listed a Bill for introduction in the Rajya Sabha to regulate the appointment, conditions of service and term of office of the Chief Election Commissioner and other Election Commissioners. The Chief Election Commissioner and other Election Commissioners (Appointment Conditions of Service and Term of Office) Bill also seeks to set up a procedure for transaction of business by the Election Commission. Meanwhile, the Congress alleged that the new bill was a “blatant attempt” at making the poll watchdog a “total puppet in the hands of the Prime Minister”, and appealed to all democratic forces to oppose the proposed legislation. The Trinamool Congress too accused the ruling party of trying to rig the 2024 polls through the bill.