Enforcing COVID-19 rules is State responsibility, says ECI pg.no.8
· The Election Commission of India said that the enforcement of COVID19 protocols under the Disaster Management Act, 2005 was the responsibility of the State authorities.
· Madras High Court said the ECI was unable to ensure political parties followed the rules while campaigning for the Assembly election.
· “The enforcement under the 2005 Act has to be ensured by the SDMA [State Disaster Management Authority] concerned and notified authorities under the Act.
· The National Disaster Management Authority (NDMA), headed by the Prime Minister of India, is the apex body for Disaster Management in India.
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Iran, U.S. warships engage in a tense encounter pg.no.11
· American and Iranian warships had a tense encounter in the Gulf, amid wider turmoil in the region over Tehran’s tattered nuclear deal, the U.S. Navy.
· Footage released by the Navy showed a ship commanded by Iran’s Revolutionary Guard cut in front of the USCGC Monomoy, causing the Coast Guard vessel to come to an abrupt stop with its engine smoking on April.
· The Guard also did the same with another Coast Guard vessel, the USCGC Wrangell, Commodore Rebecca Rebarich, a spokeswoman for the Navy’s 5th Fleet. Such close passes risk the ships colliding at sea.
· The interaction marked the first “unsafe and unprofessional” incident involving the Iranians since April 15, 2020.
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SEBI tightens rules for provisional debt rating pg.no.12
· Market’s regulator SEBI came out with a new framework to strengthen policies on provisional rating by credit rating agencies (CRAs) for debt instruments.
· Under the framework, all provisional ratings for debt instruments need to be prefixed as ‘provisional’ before the rating symbol in all communications — rating letter, press release and rating rationale
· A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely principal and interest payments and the likelihood of default.
· An agency may rate the creditworthiness of issuers of debt obligations, of debt instruments, and in some cases, of the servicers of the underlying debt, but not of individual consumers.
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