28th October 2020

Confidant Classes

A Premier Judicial Service Coaching

Daily NEWS Summary: 24.07.2020

The Rajasthan High Court on Friday ordered the standstill of disqualification notices issued by Assembly Speaker P.C. Joshi to rebel Congress leader Sachin Pilot and 18 parliamentary dissidents from Congress. With this order, the court effectively suspended the disqualification proceedings.

  • Pilot and supporting MLAs will not have to appear before the speaker and respond to his warnings of July 14. No action will be taken against them until the Supreme Court resumes the hearing of the speaker’s request for special leave on July 27.
  • Later in the day, Congressmen of Rajasthan at Camp Ashok Gehlot launched a ‘dharna’ at Raj Bhawan in Jaipur, saying they would remain silent until the governor authorizes an assembly session of State for the Prime Minister.
  • Ashok Gehlot can move quickly to demonstrate his strength on the ground. The MLA’s, led by Gehlot himself, arrived at Raj Bhawan on four buses from a hotel on the outskirts of town, where they have been camping for a few days.
  • Gehlot said he asked Governor Kalraj Mishra on Thursday to call an assembly session on Monday. But so far, he had not heard from him, he added, and said the governor was under pressure from the central BJP government not to call an assembly session.

India and China have agreed to hold another round of high-level military talks to take forward the disengagement process along the Line of Actual Control (LAC), which remains only partially complete after four rounds of talks between Corps Commanders. This was agreed upon today after a third convening of the Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC) in the past month, with the disengagement process still facing many hurdles. This was the 17th WMCC meeting in eight years, and was held through video conference.

  • Meanwhile, in a move that is seen as primarily targeting Chinese businesses, India has slapped new trade curbs on companies from nations that share a land border with India, Bloomberg reported. As per the new rules, companies from nations that share a land border with India are barred from bidding for government contracts for goods and services until they register with the industry department. This comes close on the heels of two earlier economic curbs – the banning of 59 Chinese apps, and a rule making it mandatory for suppliers to mention the country of origin on the government’s e-Marketplace while bidding for tenders.

The number of reported coronavirus infections in India was 1,319,446 at the time of publication of this summary, with a death toll of 31,038. Dr Soumya Swaminathan, WHO chief scientist, warned that herd immunity, or a situation where a large part of the population has developed antibodies against Covid-19, is still a long way off, although it may be accelerated by a vaccine. During a live social media event organized by WHO from Geneva, the scientist said that more waves of infection would be needed to reach a stage of natural immunity. She warned that for at least the next year or so, the world must do everything possible to keep the new coronavirus at bay while scientists work on vaccines.

The Supreme Court on Friday gave lawyers time until August 4 to investigate and prepare their defense for famed civil rights lawyer Prashant Bhushan and former editor of Tehelka Tarun Tejpal magazine in a ten-year old contempt case that returned to the spotlight.The case was registered in 2009 after the court heard suo motu from an interview in Tehelka, in which Bhushan had commented on the judiciary and the presence of former CJI SH Kapadia on the apex of the courtyard forest bank. The Chamber had decided the Niyamgiri mining lease to Odisha in favor of Sterlite Industries.

BCCI has finalized the rescheduled window for IPL from September 19 to November 8 in UAE, pending government approval. The Board of Governors will be formally convened once we receive an official response from the government, which we hope will occur early next week, said Brijesh Patel, Chairman of the Board of Governors of IPL.

Don’t be too risk-averse – RBI Governor tells banks: The country’s financial system is strong, but lenders must give up extreme risk aversion during the Covid-19 pandemic and beyond, as Governor of the RBI Shaktikanta Das said on friday.

  • His comments came in the foreword to the semi-annual Financial Stability Report (FSR).
  • Das added that the top priority right now for banks and financial intermediaries should be to increase capital levels and improve resilience.
  • “In a changing environment, when risk management has to be careful, extreme risk aversion would have negative consequences for everyone,” Das said.
  • he added “The financial system in India remains strong; however, in the current environment, the need for financial intermediaries to proactively increase their capital and improve their resilience has become a top priority.

The phase I human clinical trial of the first vaccine developed in India against the novel coronavirus, Covaxin, began today at the All India Institute of Medical Sciences in New Delhi, with the first injection dose given to a man of about 30 years old. Since last Saturday, more than 3,500 volunteers have registered for the trial. Of those, 22 people are currently being screened, said Dr Sanjay Rai, professor at the AIIMS Center for Community Medicine and lead investigator of the study. “The first volunteer, a Delhi resident, was examined two days ago and all of his health parameters were found to be within the normal range. He also has no comorbidities. Few of the participants will receive the vaccine on Saturday after their screening reports arrive. Explaining the details of the trial,

“There are three formulations of the Covid-19 vaccine candidate. For each subject any of the formulations will be administered in two doses two weeks apart. The first 50 will receive the lowest dose of the vaccine. If it is determined to be safe, it will be given to 50 other patients in high doses.”

Dr Rai said:

MMS calls Narasimha Rao “father of economic reforms”

Dr Manmohan Singh on the late Prime Minister PV Narasimha Rao on his 84th birthday at his residence in New Delhi on June 28, 2004 said that Former Prime Minister PV Narasimha Rao was a “great son of the earth” and can to truly be called the father of economic reforms in India because he had the vision and the courage to push them forward, said Manmohan Singh, his cabinet finance minister.

  • Addressing the inaugural function of the centenary celebrations of the late prime minister’s birth organized by the Congressional Telangana unit, Singh said he was particularly pleased that the program coincided with the Rao government’s first budget, presented by him in 1991.
  • The 1991 budget is hailed by many as the one that laid the foundation for a modern India by setting the roadmap for for economic reforms in the country.
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