Daily current affairs 10th May

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Sidimania

Date

May 10, 2022

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# Srilanka

  • Srilanka’s Prime Minister Mahindra Rajapaksha resigned on Monday, hours after his supporters brutally assaulted peaceful anti government protestors amid a worsening economic crisis in the island.
  • The resignation was accepted, according to a Gazette notification, and consequently, the cabinet stands dissolved as per the Srilankan Constitution.
  • Three persons died outside the capital in ensuing clashes, while atleast 150 were injured in Colombo.

# Sedition law

  • The ministry of home affairs on Monday informed the Supreme Court of its decision to reexamine and reconsider the sedition law.
  • The government of India has decided to reexamine and reconsider the provisions of section 124A (sedition) of the Indian penal code.
  • The home ministry urged the Court to wait till the government completes the exercise of reconsideration of the law before “appropriate forum”.

# Rupee

  • The rupee on Monday fell to an all time low of 77.44 against the US dollar due to sell off in equities.
  • This devaluation happened due to concerns over weakening global growth prospects, outflow of the dollar and on fears of further monetary tightening by central banks to counter rising inflation.
  • The previous closing low for the rupee was 77.09.

# Cyclone ‘Asani’

  • Severe cyclonic storm ‘Asani’ which is moving towards the east coast, packing winds over 105 KMPH and setting off heavy rain.
  • It is very likely to move north-westwards till may 10 and reach west central and adjoining North West Bay of Bengal off Andhrapradesh and Odisha coast.

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