News you need to know before starting your day: 08 October 2021

Morning Masala Tea
8 October, 2021

News:

  1. While crude price has been on an upward trajectory since the end of September, the prices of other energy resources, including natural gas and coal have risen to multi year highs across the globe as demand for energy soars against the backdrop of a massive shortage. HT
  2. The Uttar Pradesh government has appointed a single-member judicial commission to probe and submit a report, within two months, on the Lakhimpur Kheri incident which left eight people, including four farmers, dead earlier this week. HT
  3. The Lakhimpur Kheri police have summoned Union MoS (Home) Ajay Mishra’s son Ashish Mishra, who is accused in Sunday’s violence in which eight people were killed, for questioning at the district reserve police lines on Friday. Indian Express
  4. India said on Thursday it is in talks with the US regarding its deal with Russia for the S-400 air defence system, which faces the threat of possible sanctions under an American law. HT
  5. In a landmark judgement that comes as a shot in the arm for legitimate environmental causes, the Supreme Court said the National Green Tribunal does have suo moto powers and can take up environmental issues on its own. The order came even as the Union government said NGT does not have such powers. HT
  6. The Supreme Court on Thursday asked the government to explain how it zeroed in on the figure of ‘₹8 lakh’ as the annual income criterion to identify Economically Weaker Sections (EWS) among forward classes of society for grant of 10% reservation in medical admissions under the all India quota (AIQ). Hindu

 

Hindi News: ( so that you don’t miss out )

  1. कोरोना महामारी की वीकली पॉजिटिविटी दर पिछले हफ्ते घटकर 1.68% पर आ गई। इससे पहले यह 5.86% थी। केंद्रीय स्वास्थ्य मंत्रालय ने गुरुवार को आगाह किया कि महामारी की चुनौती अभी खत्म नहीं हुई है। अक्टूबर से दिसंबर तक यानी तीन महीने लोगों को अधिक सतर्क रहना होगा। त्योहारों और शादियों के दौरान कोरोना का संक्रमण बढ़ सकता है। Bhaskar
  2. भारत और ब्रिटेन के बीच क्वारैंटाइन रूल्स को लेकर चल रही तनातनी खत्म होने के संभावना है। गुरुवार को भारत में ब्रिटेन के हाई कमिश्नर ने कहा- भारत से ब्रिटेन जाने वाले लोगों को 11 अक्टूबर के बाद वहां क्वारैंटाइन में नहीं रहना होगा। हालांकि, इन लोगों को कोवीशील्ड या किसी दूसरे ब्रांड से (जिसे ब्रिटेन ने अप्रूव किया हो) वैक्सीनेटेड होना जरूरी होगा।Bhaskar

  3. दक्षिण कश्मीर के अनंतनाग में गुरुवार को एक SUV में आतंकियों के सवार होने की आशंका पर CRPF जवानों की फायरिंग में एक व्यक्ति की मौत हो गई। फिलहाल, पुलिस ने मामला दर्ज कर जांच शुरु कर दी है।Bhaskar

 

Relevant Google Trends Today

  1. A strong earthquake with a preliminary magnitude of 6.1 jolted Tokyo and surrounding areas late on October 7, stopping train lines, but there were no immediate reports of major damage, Japan’s public broadcaster NHK said.
  2. Rakesh Jhunjhunwala gained a staggering Rs 913 crore on his favourite stock Titan Company Ltd in the initial hour of trade on Thursday. The Tata Group company soared 10% to hit the upper circuit and a new 52-week high of Rs 2,361 per share
  3. Hours after BJP MP Varun Gandhi condemned the incident in Lakhimpur Kheri, in which a Union Minister’s convoy allegedly ran over and killed four protesting farmers, his name was left out of the party’s new national executive committee. His mother, Maneka Gandhi, too, was excluded from the list of names announced by BJP president JP Nadda on Thursday.
  4. English Premier League club Newcastle United was sold to Saudi Arabia’s sovereign wealth fund on Thursday after a protracted takeover and legal fight involving concerns about piracy and rights abuses in the kingdom. The 300-million-pound ($409 million) takeover by the Saudi Public Investment Fund initially collapsed last year over concerns about how much control the kingdom’s leadership would have in the running of Newcastle.

 

Startup
24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

Energy
10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches