# Supreme Court

• The Supreme Court on Thursday ordered status quo on the implementation of a Delhi High Court order to hand over the affairs of the Indian Olympic association (IOA) to a committee of administrators (COA).
• A three judge bench led by Chief Justice of India NV Ramanna passed the order to maintain status quo after the centre and the IOA informed the top court that the charge had not yet been transferred to the three member COA.
• This decision came after IOA and the central government informed the Supreme Court that implementing the Delhi High Court order put India on the risk of being banned from participating in international events including Olympics.

# Supreme Court

• People’s alliance for Gupkar declaration, an alliance of valley based parties called on Thursday an all party meeting in Srinagar over the election Commission’s move to allow “outsiders” to enlist as voters in the Union territory.
• This decision has been opposed by most kashmir valley based parties.
• PDP chief Mehbooba mufti said this will make the voters of Kashmir irrelevant.

# BRI

• China’s investments in infrastructure projects under its belt and road initiative have declined.
• Beijing’s short and medium term assistance to partner countries, many of which are dealing with rising debt levels, are increasing.
• In the first half of 2022, China’s engagement through financial investments and contracts in 147 countries amounted to $28.4 billion, up by 47% from previous years.
• Also, many of these are in an vicious cycle of debt trap by China like Srilanka and Pakistan.

# IRCTC

• The Indian Railways catering and tourism corporation has floated a tender to hire a consultant that can help the firm monetize the reservoir of digital data.
• This can unlock estimated revenue potential of ₹1000 crore.