Households debt surge to a new high by Dec 2023
A research report by Motilal Oswal on household income and shaving has
following findings
●
India’s household debt level are
reckoned to have touched an all time high of 40% of Gross Domestic Product (
GDP ) , by December 2023 .
●
Net financial savings had likely
dropped to their lowest level at around 5% of GDP .
Though it shows signs of distress , the other
side of the argument is that households are buying more and more assets like
houses , cars on loan that increases their debt but they pay it later .
States being compelled to move courts against center :
Supreme Court
The
Supreme Court said on Wednesday that a steady stream of states were compelled
to approach it against the center . The court cautioned the Union government
against entering into any. “ contest “ with Karnataka which is the
petitioner .
Karnataka in its petition has said that it’s
request for financial relief from the center to tide over a “ grave
humanitarian crisis “ has hit a wall .
The state sought ₹18, 171.44 crore under the
National Disaster Response Fund six
months ago . The total estimated loss is ₹35, 162 crore due to crop damage .
Recently the Tamil Nadu Government has also
field a petition against the center for not releasing about ₹38,000 crore for
disaster relief for Cyclone Michaung and unprecedented floods following that.
Congress ,NC announce J&K , Ladakh poll plan
Congress and National Conference (NC ) has
announced seat sharing for the upcoming Lok Sabha polls .
Jammu and Kashmir has five Lok Sabha Seats .
Congress will fight from two Lok Sabha seats in Jammu that is Udhampur and Jammu . Congress will also fight
from sole Lok sabha seats from Ladakh .
The National Conference will fight from
remaining 3 Lok Sabha seats from Kashmir that means Srinagar , Baramulla and
Anantnag .
PDP has been left out from the seat sharing
arrangement .
Right against climate change a fundamental right , says SC
The Supreme Court in a judgement to the case
connected to the death of the Great Indian bustard has made following
observations on Climate Change and Fundamental Rights .
●
The court has advocated to put
right to clean environment separately as a fundamental right .
Right to clean
environment is generally put with Right to Equality ( Article 14 ) and Right to
Life ( Article 21 )
●
The right to life and equality can
not be realised without clean , stable energy environment .
●
The Judgement emphasises on the role of solar
energy in arresting the ills of climate change .
The court has formed a committee to look into
death of The Great India Bustard in Kuchh region . The death is because of the
birds colliding with High end power cables .
Cochin Shipyard signs ship repair agreement with the U.S.
Navy
Cochin Shipyard Limited has become the third
Indian Shipyard to enter into Master Shipyard Repair Agreement ( MRSA ) with the US .
The other two such companies are Larson and
Toubro ( L&T ) and Mazagaon Dock
Shipbuilders Limited (MDL) .
The MSRA is a non Finacial agreement and is
effective from April 5 , 2024 .
L&T shipyard in Kattupalli near Chennai
was the first Indian Shipyard to sign an agreement , in July last year .
Last Month, a UK Naval ship had arrived for
the first time at Kattulalli .
In a joint address India PM Modi and US
President Joe Biden had recommitted to advancing India’s “ emergence as a hub
for emergence as a hub for maintainance and repair .”
Congress moves EC against Modi’s manifesto remarks
PM Modi in a recent election rally in had
pointed the said that Congress manifesto carried the imprint of Muslim League
with “ every page reeking of breaking
India “ .
Congress has raised the complaints against
Modi’s comment with the Election Commission .
Why have madarsas been in the spotlight on Uttar Pradesh ?
This past week , the Supreme Court ( SC ) ,
stayed a ruling of Allahabad High court , on UP Madarsa Board Education Act
,2004 calling it an infringement to findamental right guaranteed under the
constitution .
High Court ruling .
Earlier , Allahabad High Court had dubbed the
UP board of Madarsa Education Act “ unconstitutional “ , and asked the
immediate closer of Madarsha .It called for relocation and integration of
Madarsa students with Regular students .
The Supreme Court called the High Court ruling
“ not warranted “ .and imposed a stay on this .
Condition of Madarsa
Uttar Pradesh has around 25,000 Madarsas of
which 16,500 are recognised by UP Madarsa board
. Only 560 gets grant from the government .
In 2022 , UP government had ordered survey of
Madarsha to find out number of illegal Madarshas . The finding of Survey
however was not made public .
World
Truce talks to continue in Cairo after IDF withdrawal
from from Southern Gaza
A day after Israel confirmed withdrawal of
it’s troops from Southern Gaza , Egyptian officials claimed progress in fresh
rounds of ceasefire rounds in Cairo .
Israel Defense Minister Yoav Gallant said that
Hamas had ceased to exist as a terrorist entity in Khan Younis , and that
Israel is at an “ opportune moment “ for hostage deal but this will require “
difficult decisions “ .
Currently Hamas has 129 hostages with it .
South
Korea has said that second spy satellite has been placed in the orbit
Trump says states should be allowed to decide on abortion
Former US President Donald Trump said he
believes abortion limits should be left with states , in a video released on
Monday declining to endorse a national ban after months of mixed messages .
In US different states has different laws
regarding abortion.
Republicans
generally are in favor of abortion ban , while Democrats are in favor of
permitting abortion .
Ahead of Eid , Saudi Arabia and Pakistan call for the
resolution of Kashmir dispute
Pakistan PM Shahbaz Sharif is in Mecca , he
met Saudi Prince Mohammad Bin Salman on Monday .
A joint statement was released which
stresses the importance of dialogue for
the resolution of Kashmir issue between India and Pakistan .
The joint statement also called for halt of
Israeli operation in Gaza and to facilitate the unhindered humanitarian aid .
Vatican slams gender – affirming surgery , surrogacy and
gender theory .
The Vatican on Monday released “ Infinite Dignity “ , a 20 page declaration
that was in work for over five years .
In the document Vatican has declared declared gender affirming surgery – surrogacy
, as grave violation of human dignity , putting them on par with abortion and
Euthansia .
as practices that rejects God’s plan for human
life .
In recent times the Pope Francis of has
welcomed LGBTQ+ community in Church .
The church however has come heavily against “
gender ideologies “ . Those who do sex
surgeries , etc .
Vatican City is where Pope who is head of
Raman Catholic Church resides .
