CURRENT AFFAIRS 28 AUGUST 2024

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Day of the Year

Rainbow Bridge Remembrance Day

Rainbow Bridge Remembrance Day, marked on August 28th each year, is a heartfelt tribute to pets that have passed away.
This special day got its start thanks to a woman named Deborah Barnes. She felt a deep loss when her cat, Mr. Jazz, left this world on August 28, 2013.
Moved by her grief, she wrote a book called “Purr Prints of the Heart – A Cat’s Tale Of Life, Death and Beyond” to process her feelings. The book’s warm and widespread reception inspired her to establish a day for everyone to honor their late pets.

Latest Updates

SC stays AYUSH Ministry’s notification omitting key rule prohibiting misleading advertisements

The Supreme Court on Tuesday stayed a July 1 notification issued by the AYUSH Ministry in which Rule 170 of the Drugs and Cosmetics Rules, 1945 was “omitted”. The Rule deals with the power to take action against objectionable or misleading advertisements about Ayurvedic, Siddha, and Unani drugs.
A Bench of Justices Hima Kohli and Sandeep Mehta told Additional Solicitor-General K. Nataraj that the notification was in the teeth of a May 7 order passed by the Supreme Court in a contempt case against Patanjali Ayurved Limited, a company co-founded by yoga guru Baba Ramdev.
The May 7 order had directed the Ministry to withdraw its August 29, 2023 letter sent to drug licensing authorities across States and Union Territories informing them that Rule 170 was no longer operational on the basis of a recommendation made by the Ayurvedic, Siddha, and Unani Drugs Technical Advisory Board (ASUDTAB) to omit the provision. The Ministry had agreed to comply with the court’s order.

News Capsule

Bittu, Kurian among six NDA candidates elected to Rajya Sabha

Union Ministers Ravneet Singh Bittu and George Kurian were among the BJP candidates elected unopposed to the Rajya Sabha after the deadline for withdrawal of nominations for the bypolls ended on Tuesday. Of the six who were declared elected, former Union Minister Upendra Kushwaha, who heads the Rashtriya Lok Morcha, was fielded by the ruling NDA in Bihar.
Mr. Bittu was elected from Rajasthan where the bypoll was necessitated after the resignation of Congress MP K.C. Venugopal.
Of the 10 Rajya Sabha seats from Rajasthan, the BJP and the Congress now have five each. Mr. Bittu, a three-time Lok Sabha MP and grandson of former Punjab Chief Minister Beant Singh, switched over from Congress to the BJP in March this year, ahead of the Lok Sabha election.

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More female students enter traditional engineering courses

The number of students enrolled in undergraduate engineering courses in India steadily declined from 2016, despite the increase in the overall number of students pursuing college education, according to the All India Survey on Higher Education (AISHE). In recent years, the number of students enrolled in India was highest in the arts, science, and commerce streams, followed by engineering. Engineering was also the only discipline in which the number of students enrolled consistently declined between 2016 and 2022. There was a slight uptick in 2022 in enrolment in undergraduate engineering courses, which may have been due to the introduction of several new courses in the survey, which were previously not tracked by AISHE. This bump did not alter the trend, however.

YEARLY CURRENT AFFAIRS

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IIT Bombay Launches New Scholarship for Female Students

India needs to develop a care ecosystem

A low female labour force participation rate (FLFPR) has been the focus of the bulk of the discussion around women’s empowerment. According to the Economic Survey 2023-24, against a world average of 47.8% (2022), the FLFPR in India was 37% (2022-23). Although it increased from 23.3% in 2017-18, 37.5% of this share comprises “unpaid helpers in household enterprises”, that is, women who are not paid for the work they do, which is separate from domestic work.
Women’s active participation in the economy is crucial for reducing gender inequality.

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On SEBI chairperson’s conflicts of interests

The first conflict of interest matter revealed by Hindenburg relates to an investment worth $8,72,762 made by Madhabi and Dhaval Buch in Bermuda based Global Dynamic Opportunities Fund through Mumbai-headquartered IIFL Wealth & Asset Management Limited.

Hindenburg has also raised concerns over the SEBI chairperson’s shareholding in two consulting companies, namely India-based Agora Advisory and Singapore-based Agora Partners.

Hindenburg has also revealed that Dhaval Buch’s current employer, multinational private equity firm Blackstone, directly benefited from the SEBI chairperson’s aggressive promotion and regulatory decisions vis-a-vis Real Estate Investment Funds (REITs).