# IBC

• Big businesses which have gone into liquidation post bankruptcy have seen a value erosion of over 94% of the admitted creditor claims, according to data collated by the insolvency and Bankruptcy board of India.
• Since, the bankruptcy framework came into force in 2016, there have been 165 borrowers with admitted claims of more than ₹1000 crore.
• Creditors had aggregate claims amounting to ₹694000 crore in these 165 claims, against which the assets on the ground were valued at only ₹40000 crore.
• The erosion is surprising because lenders make sure there is a margin or promoter’s contribution before granting a loan.

# Malabar drill

• The malabar naval exercise, the most visible manifestation of the expanding military interoperability among the quad countries, will be conducted off Australia for the first time this August.
• India will send its front line warships and the P-81 long range maritime patrol aircraft.
• All four quad countries – India, Australia, US and Japan – have declared their intent to deter any coercion in the Indo-pacific in the face of China’s aggressive and expansionist behavior in the region.

# Char dham yatra

• Soon after the Uttarakhand government announced the Char dham yatra commencement dates in April, around 10 more large cracks were reported on the Badrinath highway near Joshimath.
• The highway connects the shrine town of Badrinath, which is one of the most visited pilgrimage spots in the Garhwal himalayas.
• The cracks have emerged in a 10 KM stretch.

# Dementia

• Dementia affects 8.8 million people in India or an estimated 7.4% of its elderly population.
• This study has been led by researchers from AIIMS Delhi and University of Southern California in collaboration with 18 other institutes.