Current Affairs for SSC CGL Exams - 06 April 2022

SSC CGL Current Affairs

Current Affairs for SSC CGL Exams - 06 April 2022

::NATIONAL::

Former Andhra intel chief in dock over statement on Pegasus row

The YS Jagan Mohan Reddy government in Andhra Pradesh has served a show-cause notice to senior IPS officer and former Andhra Pradesh intelligence chief A B Venkateshwara Rao for addressing the media on the Pegasus spyware issue two weeks ago, violating the service rules.
The memo served by chief secretary Sameer Sharma on March 22, a day after Rao addressed the media in Vijayawada, came to light on Tuesday.
A 1989-batch IPS officer, Rao served as the state intelligence chief during the previous Telugu Desam Party (TDP) regime, before he was suspended on February 8, 2020 on charges of violation of rules after allegedly procuring security equipment from Israel during his tenure.
In the memo, the chief secretary said as per Rule 17 of the All-India Services (Conduct) Rules, 1968, no member of the service, shall, except with the prior permission of the government, has recourse to any court or the press for the vindication of an official act, which has been the subject matter of adverse criticism or attack of a defamatory character.
“If no reply is received within a week, it will be construed that Rao has no explanation to submit, and further action will be taken as per rules,” the memo said.
When contacted, Rao told HT that he had received the memo on March 27 and he submitted his explanation on Monday. “It is not appropriate for me to disclose the contents of my explanation, but I can only say that I have not violated any service rules. I have addressed the press conference well within my rights,” he said.

::INTERNATIONAL::

Sri Lanka revokes emergency with President Rajapaksa facing calls to quit

President Gotabaya Rajapaksa revoked emergency rule within days of imposing it as the escalating political crisis makes it tougher for Sri Lanka to agree a much-needed financial bailout from the International Monetary Fund.
The proclamation that took effect April 1 is repealed as of midnight April 5, Rajapaksa said in an extraordinary gazette late Tuesday. Imposing Emergency had given Rajapaksa sweeping powers to detain protesters and seize property, but he also faced mounting calls from lawmakers to step down.
Eleven parties within the ruling coalition said in parliament Tuesday that they would function as independent lawmakers and some members of Rajapaksa’s party will distance themselves from the government, putting a simple majority in the 225-seat legislature in doubt. An eroded cabinet following mass resignations -- including the Finance Minister -- limits his ability to negotiate with foreign bondholders a debt restructure that’s key for IMF support.
The IMF is monitoring political and economic developments in Sri Lanka “very closely,” Reuters reported Tuesday citing the multilateral lender’s Sri Lanka Mission Chief Masahiro Nozaki, before the nation’s finance minister quit within a day of being sworn in.
The extra yield investors demand to hold Sri Lanka’s sovereign debt, on average, over U.S. Treasuries widened by 76 basis points on Tuesday to 30.06 percentage points, according to JPMorgan Chase & Co. data, well above the 10-percentage point threshold for distressed debt.
Global asset managers including Fidelity Investments and T. Rowe Price Group are staring down the risk of default. Holders for which data is available are estimated to own 4% of the outstanding debt, and the amounts would constitute a small portion of the firms’ overall assets.

::ECONOMY::

India needs $12.4 trillion for net-zero transition, says report

India will need investments worth $12.4 trillion, nearly half of U.S. GDP, from developed nations and investors to help its economy transition to net-zero carbon emissions by 2060, according to a report.
Without capital inflows and grants from the developed world, emerging economies including India’s will see household consumption fall by 5% on average each year, according to a study by Standard Chartered Plc.
Eight emerging markets -- India, China, Indonesia, Kenya, South Africa, UAE, Nigeria and South Africa -- will together need $94.8 trillion in transition finance from developed markets if they are to meet climate goals without affecting their citizens’ cost of living, the report said. China alone will need $35.1 trillion, the calculations show.
Developing economies have raised concerns about richer nations not meeting their climate finance commitment of $100 billion, made in Paris in 2015. India sought $1 trillion in funding from the developed world to help meet its net-zero goal by 2070, during the global climate talks in November.

::Sports::

Lakshya Sen advances to Korea Open second round

World championships bronze medallist Lakshya Sen staved off a spirited challenge from local hope Choi Ji Hoon to enter the men's singles second round of the Korea Open Super 500 badminton tournament Suncheon.
Sen, who has been in sensational form in the last six months with back-to-back final finishes at German Open and All England Championships, beat Choi 14-21 21-16 21-18 in just over an hour in his opening round match.
The sixth seeded Indian will next meet Indonesia's Shesar Hiren Rhustavito.