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News in Short

News in Short - 08-April-2021

High risk of Neurological mental health diagnoses after Covid

Date: 08 April 2021 Tags: Miscellaneous
  • About a third of Covid-19 survivors were diagnosed with a neurological or psychiatric condition in the six months after being infected, according to a research.
  • The study found anxiety and mood disorders were the most common diagnoses, at 17% and 14% of patients respectively. It also found 7% of those made sickest by the virus had a stroke and 2% were diagnosed with dementia.
  • Investigation found that the specific causes of these long-term effects are largely unknown but they suggested some of might be linked to stress, job loss or loneliness during quarantine.

Indian astronomers trace rare supernova explosion

Date: 08 April 2021 Tags: Miscellaneous
  • A team of Indian astronomers, along with international collaborators, has tracked a rare supernova explosion and traced it to one of the hottest kind of stars called Wolf–Rayet stars (WR stars).
  • WR stars are massive stars and strip their outer hydrogen envelope. Tracking of certain types of massive luminous supernova explosion can help probe these stars that remain an enigma for scientists from across the world.
  • They calculated the mass of the star that collapsed to form the supernovae as well as the geometry of its ejection.
  • The scientists also found that the original star was a combination of two stars – one of them is a massive WR star and another is a star much less in mass than the Sun.

Adani corporation becomes third Indian conglomerate to attain $100 billion in market cap

Date: 08 April 2021 Tags: Miscellaneous
  • Adani conglomerate has become India's latest corporate group to cross USD 100 billion in market capitalisation.
  • Adani Group is the third Indian conglomerate to cross the USD 100 billion market cap mark after Tata Group and Reliance Industries Ltd.
  • Adani group now spans from mines, ports and power plants to airports, data centre, city gas and defence.
  • The group has gained control of seven airports and almost a quarter of India's air traffic, made rapid strides in renewable energy capacity addition, won a contract to co-develop a port terminal in Sri Lanka and bought ports in India.

RBI keeps policy rates unchanged

Date: 08 April 2021 Tags: miscellaneous
  • The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to leave the policy repo rate unchanged at 4%.
  • The marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25% and the reverse repo rate stands unchanged at 3.35%.
  • The MPC projected inflation edging up to 5.2 per cent in the first half of the new fiscal from 5 per cent in the January-March period and moderate to 4.4 per cent in Q3 of FY22.

President appoints Justice N V Ramana as the next CJI

Date: 08 April 2021 Tags: Appointments & Resignations
  • President Ram Nath Kovind has appointed Justice N.V. Ramana as Chief Justice of India with effect from April 24.
  • He was Additional Advocate General for Andhra Pradesh before being called to the State High Court Bench in 2001.
  • Justice Ramana was the Delhi High Court Chief Justice prior to his elevation to the apex court. As CJI, Justice Ramana has a tenure of 16 months.
  • Incumbent CJI Sharad A. Bobde had recommended Justice Ramanafor appointment as the 48th Chief Justice of India. With this, both the Supreme Court and the government have followed the seniority norm in the appointment of CJIs.