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News in Short

News in Short - 22-March-2021

Supreme court to hear plea against issuing fresh electoral bonds

Date: 22 March 2021 Tags: Judiciary & Judgments
  • The Supreme Court has agreed to hear next week a plea to stop fresh sale of electoral bonds from April 1 till the top court decides on the validity of these bonds.
  • The court was hearing application by the Association for Democratic Reforms (ADR), which has requested the court to put a restraint on sale of these bonds ahead of the assembly elections in four states and a Union Territory.
  • The petitioner allege Electoral Bonds Scheme has opened the floodgates to unlimited corporate donations to political parties and anonymous financing by Indian as well as foreign companies which can have serious repercussions on the Indian democracy.

Ford forced to build trucks without computers due to chip shortages

Date: 22 March 2021 Tags: Miscellaneous
  • A global semiconductor shortage and a February winter storm have combined to force Ford to build F-150 pickup trucks without some computers.
  • The move is the latest ripple from the global semiconductor shortage, which earlier this week forced Honda and Toyota to announce production cuts at some North American factories.
  • Automakers have said they don’t expect the chip shortage to get any better before the third quarter of the year. Ford has said the shortage could cut its pre-tax earnings by $1 billion to $2.5 billion.

Drug resistant superbug found in Andamans

Date: 22 March 2021 Tags: Miscellaneous
  • A deadly hospital pathogen has for the first time been identified in the environment, off the coast of South Andaman district in the Andaman and Nicobar islands.
  • This study was carried out by the Vallabhbhai Patel Chest Institute, Delhi in collaboration with the Department of Ocean Studies and Marine Biology, Pondicherry University.
  • Candida Auris, or C.auris, is a multidrug resistant pathogen that presents a serious global threat to human health.
  • First identified in 2009 in a patient in Japan, the fungus has now emerged in more than 40 countries across five continents in the last decade. Very little is known about the pathogen.
  • The study sampled coastal wetlands, including rocky shores, sandy beaches, tidal marshes, and mangrove swamps around the Andaman group of islands.

Famed jewellery designer Elsa Peretti dies

Date: 22 March 2021 Tags: Obituaries
  • Elsa Peretti, one of the world's most famous jewellery designers with timeless, fluid Tiffany & Co., has died. She was 80.
  • Peretti’s designs are in the permanent collections of the British Museum in London and The Metropolitan Museum of Art in New York City among others.
  • Tiffany established the Elsa Peretti professorship in jewellery design at the Fashion Institute of Technology the first endowed professorship in the history of FIT.
  • She was also a philanthropist establishing her foundation in her father’s honour in 2000. It supports a range of projects from human and civil rights to medical research and wildlife conservation.

Rajya Sabha passes insurance amendment bill

Date: 22 March 2021 Tags: Miscellaneous
  • Rajya Sabha has passed the Insurance (Amendment) Bill, 2021 that seeks to raise the FDI in insurance sector to 74 per cent from the current 49 per cent.
  • Under the new structure, the majority of directors on the board and key management persons would have to be resident Indians, which will make them accountable under the Indian law.
  • On the criticism that the move might dilute reservation in state insurance players, the government said that it is committed to the protection of the Scheduled Castes, Scheduled Tribes and Backward Classes.