VISION

📰 We mean business, SC says on Delhi’s oxygen quota

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 Why in news?

Recently, U.S. government has said that it will support for the waiving Intellectual Property (IP) protection for Covid-19 vaccines.

What are Patents?

• A patent represents a powerful IP right and is an exclusive monopoly granted by a government to an inventor for a limited, pre-specified time.
• It provides an enforceable legal right to prevent others from copying the invention.
• Patents can be either process patents or product patents.
• A product patent ensures that the rights to the final product is protected and anyone other than the patent holder is restrained from manufacturing it during a specified period.
• This is applicable even in the cases if they were to use a different process.
• A process patent enables any person other than the patent holder to manufacture the patented product by modifying certain processes in the manufacturing exercise.

What does India follow?

1)  BRO celebrates 61st raising day on 7th May

•The Border Roads Organisation (BRO) was formed on 7 May 1960, with the primary goal of securing India’s borders and developing infrastructure in remote areas of India’s north and northeastern states. On 7 May 2021 BRO celebrated its 61st Raising Day (foundation day).

2)  India, France, Australia hold first trilateral dialogue

•The first-ever India-France-Australia Trilateral Foreign Ministerial Dialogue was held in London, UK, on the sidelines of the G7 Foreign Ministers’ Meeting. The meeting was attended by External Affairs Minister, Dr S. Jaishankar from India, France’s Minister for Europe and Foreign Affairs, Mr Jean-Yves Le Drian and Australia’s Minister for Foreign Affairs, Senator Marise Payne.

•The France, India, Australia trilateral meet was launched in September 2020 at Foreign Secretaries’ levels but has been elevated to ministerial level within one year of its inception. It has three joint priorities which are maritime security, environment, and multilateralism.

3)  DMK chief Stalin appointed as the Chief Minister of Tamil Nadu

•Tamil Nadu governor Banwarilal Purohit has appointed Dravida Munnetra Kazhagam (DMK) chief MK Stalin as the chief minister of Tamil Nadu. The 68-year-old is the son of the former five-term Tamil Nadu chief minister, the late M Karunanidhi. The DMK-led alliance won 159 seats, well ahead of the majority mark of 118 seats. The party alone won 133 seats in the election.

•In the 2019 Lok Sabha elections, Stalin led the United Progressive Alliance (UPA), of which the DMK is a constituent, to victory in 38 out of 39 parliamentary seats in Tamil Nadu.

4)  Oil and Gas PSUs inks MoU for Shri Badrinath Dham

•The top Oil and Gas PSUs of India, including IndianOil, BPCL, HPCL, ONGC and GAIL, have inked a Memorandum of Understanding (MOUs) with the Shri Badrinath Utthan Charitable Trust, for Construction and Redevelopment of Shri Badrinath Dham in Uttarakhand as a Spiritual Smart hill Town.

5)  Rolls-Royce and HAL Sign MoU for Supporting MT30 Marine Engine Business

•Hindustan Aeronautics Limited (HAL) and Rolls-Royce have signed an MoU to establish packaging, installation, marketing, and services support for Rolls-Royce MT30 marine engines in India. Through this MoU, Rolls-Royce and HAL will expand their long-standing partnership in India and work together in the area of marine applications for the first time. This partnership will leverage the rich experience of HAL’s IMGT (Industrial and Marine Gas Turbine) Division that works on marine gas turbines with Indian shipyards.

6)  Meghan Markle set to release Children’s Book ‘The Bench’

•Meghan Markle will be releasing her new book, titled The Bench, on June 8, which was inspired by a poem she wrote to her husband, Prince Harry, on his first Father’s Day as a dad to son Archie. The book, with watercolour illustrations by Christian Robinson, began as a poem that Markle says she wrote for Harry on the first Father’s Day after Archie was born.

7)  Gita Mittal to be awarded Arline Pacht Global Vision Award

•Former Chief Justice of Jammu & Kashmir High Court, Justice Gita Mittal, has been declared as one of the two recipients of the Arline Pacht Global Vision Award for 2021. The Award will be presented at IAWJ’s Biennial Conference during the virtual opening ceremony on May 7, 2021. She shares the honour with Margarita Luna Ramos from Mexico.

•International Association of Women Judges (IAWJ) instituted this award in 2016. Justice Mittal would be the first Indian judge to receive the award. Award is presented to a sitting/retired woman judge to recognize her contribution to IAWJ.

8)  Fitch Solution Projects India’s GDP Growth Rate for FY22 to 9.5%

•Fitch Solution has estimated the GDP of the Indian economy to grow 9.5 per cent in 2021-22 (April 2021 to March 2022). The cut in the real GDP is due to the economic damage caused as a result of state-level lockdowns imposed because of the sudden and steep surge in the number of coronavirus cases.

 Yojana Magazines May 2021 Hindi PDF

📰 Supreme Court wants formula on oxygen supply ahead of third wave

 Insights IAS Prelims 2021 Exclusive Polity PDF

 Yojana Magazines May 2021 English PDF