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News in Short

News in Short - 17-March-2022

Patent rights of Covid-19 vaccines may be waived for five years

Date: 17 March 2022 Tags: Miscellaneous
  • Intellectual property rights held by international pharmaceutical companies on COVID-19 vaccines may be relaxed for up to five years.
  • This reprieve will not apply to COVID-19 drugs and diagnostic devices, though the EU proposes a discussion on this in the next six months
  • This waiver will allow pharmaceutical companies in developing countries to not only make but also, further down, export vaccines without explicit permission from the patent holders.

US senate adopts resolution to prosecute Russian President Putin of war crimes

Date: 17 March 2022 Tags: Miscellaneous
  • The US Senate unanimously approved a resolution seeking investigations of Russian President Vladimir Putin and his regime for war crimes over the invasion of Ukraine.
  • The Senate resolution would not carry the force of law, but provide the Biden administration political support to take a tough line against Putin’s aggression.
  • The resolution calls for the US and others to seek investigations of Putin and his regime at the International Criminal Court and International Court of Justice for potential war crimes.

Bhagwat Mann takes oath as Punjab Chief Minister

Date: 17 March 2022 Tags: Appointments & Resignations
  • AamAadmi Party leader Bhagwant Mann has been sworn-in as the Punjab Chief Minister at Khatkar Kalan, Bhagat Singh’s ancestral village.
  • Mann began his political career in 2011 with the Manpreet Singh Badal led Punjab People's Party. In 2012, he unsuccessfully contested the elections from the Lehragaga constituency.
  • Later, he joined the AAP and successfully contested the election from the SangrurLok Sabha seat in2014 and 2019. He was declared the Chief Minister candidate before the polls.

Supreme court upholds OROP in defence forces

Date: 17 March 2022 Tags: Judiciary & Judgments
  • The Supreme Court had upheld the government’s decision on One Rank, One Pension (OROP) for defence forces.
  • It directed that the pending re-fixation exercise of OROPshould be carried out from July 1, 2019, and arrears be paid to the pensioners in three months.
  • The bench of justices said that the policy decision of the Centre of OROP is not arbitrary and it is not for the court to go into the policy matters of the government.

Buying Russian oil by India doesn’t warrant US sanctions

Date: 17 March 2022 Tags: Basics of Economics
  • The United States said that India’s plans to purchase discounted crude oil from Russia will not lead to violation of sanctions.
  • While India has not supported Russia’s invasion of Ukraine, New Delhi has abstained from voting against Moscow at the United Nations.
  • India, which imports 80% of its oil needs, usually buys only about 2-3% from Russia. But with oil prices up 40% so far this year, the government is looking at increasing this if it can help reduce its rising energy bill.