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News in Short

News in Short - 08-May-2021

Covid wave may hit energy demand

Date: 08 May 2021 Tags: Energy
  • Restrictions following the second wave of the COVID-19 pandemic could impact recovery in the growth in energy demand, according toIndia Ratings and Research (Ind-Ra).
  • The agency highlighted trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by the ratings agency.
  • Ind-Ra said lockdowns on account of an increase in COVID-19 cases in various States could impact energy demand growth recovery in April-June 2022.

DMK president Stalin sworn in as the Chief minister of Tamil Nadu

Date: 08 May 2021 Tags: Appointments & Resignations
  • DMK chief MK Stalin was sworn in as the new Chief Minister of Tamil Nadu by Governor BanwarilalPurohit along with 33 members of his cabinet.
  • Mr Stalin was also sworn in as Home Minister and will hold other portfolios, including administrative and police services, special programmes and the welfare of differently abled persons.
  • This will be Mr Stalin's first term.He is the oldest first-time Chief Minister of Tamil Nadu. His fatherheld the post five times.

20% of Google employees to work permanently from home

Date: 08 May 2021 Tags: Miscellaneous
  • Google is all set to launch a new hybrid workspace model that will allow 60% Google employees to work in the office only few days a week.
  • And about one-fifth of its staff will be allowed to work from home, and another remaining 20% may work from a different location altogether.
  • Employees will be able to apply for a move to another office, but a transfer will be made after reviewing whether business goals can be met in the new location.
  • Google employees can also choose to choose to work from anywhere other than their main office for up to 4 weeks a year.

Taliban captures key Afghan dam

Date: 08 May 2021 Tags: Geography & Environment
  • The Taliban has captured Afghanistan’s second-biggest dam after months of fierce fighting in their former bastion of Kandahar.
  • Dahla Dam provides irrigation to farmers via a network of canals as well as drinking water for the provincial capital and is now under Taliban control.
  • Dahla was built by the United States nearly 70 years ago to provide water for irrigating land in about seven districts of Kandahar.
  • In 2019 the Asian Development Bank approved a grant of nearly $350 million to be used partly to expand the reservoir-style project.

China halts economic dialogue with Australia

Date: 08 May 2021 Tags: World Economy
  • China has suspended an economic dialogue with Australia, increasing a pressure campaign that began over Australian support for a probe of the coronavirus origin.
  • Relations have plunged to a multi-decade low since Beijing blocked imports of Australian coal, wheat and other goods over the past year.
  • China's relations with Australia, India and some other neighbors are increasingly strained by the ruling Communist Party's assertiveness abroad, including claims to disputed territory and accusations Beijing tries to influence politics in Australia and other Western democracies.