# Supreme Court

• Ending the Executive’s exclusive control over the appointment of the Chief election commissioner and election commissioners, the Supreme Court in a landmark decision on Thursday, ruled that their selection be done by a three member committee.
• The committee would be comprising the Prime minister, the leader of the opposition in the Lok Sabha and and the Chief Justice of India.
• It thus nullified, the practice that has been in Vogue since independence.
• A five judge Constitution bench, in a unanimous verdict, disapproved of the present system of the centre appointing members of the poll watchdog.

# G20

• The G20 foreign ministers meeting ended with a chair summary and outcome document and not a joint communique due to extremely polarized view on the Ukraine issue.
• The outcome was the same as what happened at the finance minister’s meetings last week in Bengaluru where Russia and China blocked efforts to arrive at a consensus.
• Jaishankar listed a number of areas where consensus was achieved like the need to strengthen multilateralism, food and energy security and terrorism.

# Pakistan

• Pakistan said on Thursday it would strike a staff level agreement with the IMF next week as the negotiations with the global lenders about the release of $1.2 billion tranche were about to conclude.
• The statement issued by finance minister Ishaq dar, came after the value of the local currency dropped to an all time low of ₹285 against a dollar, tumbling by ₹19.
• Pakistan has been negotiating with the IMF and is hoping to sign the staff level agreement for more loans from other lenders.

# Adani

• The Adani family on Thursday sold shares worth ₹15446 crore in four group companies to US based boutique firm GQG partners founded by Indian born Rajiv jain.
• The stocks were sold at a substantial discount to their closing prices.