{"id":43759,"date":"2025-05-20T19:19:51","date_gmt":"2025-05-20T13:49:51","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=43759"},"modified":"2025-05-20T19:23:28","modified_gmt":"2025-05-20T13:53:28","slug":"news-in-short-20-05-2025","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/20-05-2025\/news-in-short-20-05-2025","title":{"rendered":"News In Short-20-05-2025"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Suez Canal offers 15% Discount to Cargo Ships<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS1\/ Geography<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In response to the Red Sea security crisis that severely disrupted maritime trade, the Suez Canal Authority (SCA) has announced a 15% discount on transit fees for large container ships from May 15, 2025.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Security Crisis in the Red Sea<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The crisis began in 2023 when<strong> Iran-backed Houthi rebels in Yemen<\/strong> started targeting commercial ships linked to Israel or its allies, in retaliation to the conflict in Gaza.<\/li>\n\n\n\n<li>In response, major shipping lines avoided the Red Sea and <strong>rerouted ships via the Cape of Good Hope, <\/strong>significantly increasing Voyage duration by 10\u201314 days, Fuel consumption and Freight rates.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Suez Canal<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Suez Canal is a <strong>193-km artificial waterway<\/strong> that connects the <strong>Mediterranean Sea to the Red Sea,<\/strong> making it the shortest maritime route between Europe and Asia.\n<ul class=\"wp-block-list\">\n<li>It was officially opened to ships in<strong> 1869.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The Canal <strong>does not have locks <\/strong>and it is essentially a sea-level waterway.\n<ul class=\"wp-block-list\">\n<li>This characteristic allows for a <strong>smoother, more efficient passage of vessels<\/strong>, thus supporting a high volume of maritime traffic.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>It is one of the busiest waterways in the world through which <strong>12\u201315%<\/strong> of global commerce passes.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"919b8e\" data-has-transparency=\"false\" style=\"--dominant-color: #919b8e;\" loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"194\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/Suez-Canal.webp\" alt=\"Suez-Canal\" class=\"not-transparent wp-image-43773\"\/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Importance of Suez Canal<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reduced Transit Time: <\/strong>The Suez Canal reduces the maritime distance between Europe and Asia by approximately <strong>7,000 kilometers<\/strong>.<\/li>\n\n\n\n<li><strong>World trade: <\/strong>It&#8217;s a major factor in the world&#8217;s economy, with roughly <strong>12%<\/strong> of global trade, <strong>7%<\/strong> of the world&#8217;s oil, and <strong>30%<\/strong> of daily container traffic passing through it.<\/li>\n\n\n\n<li><strong>Revenue Generation: <\/strong>The Suez Canal is one of<strong> Egypt\u2019s<\/strong> primary sources of revenue.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/business\/suez-canal-15-discount-cargo-ships-red-sea-route-us-houthi-ceasefire-10012240\/\" rel=\"nofollow noopener\" target=\"_blank\"><strong>IE<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>United States Birthright Citizenship<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/ Polity and Governance<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The US Supreme Court heard arguments in a case concerning an executive order issued by the US President, denying birthright citizenship to children born in the US to parents who are in the country illegally or temporarily.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What is Birthright Citizenship?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Birthright citizenship is the legal principle that a <strong>person acquires citizenship automatically at birth<\/strong>, based on the place of birth or the nationality of parents.\n<ul class=\"wp-block-list\">\n<li><strong>Jus soli (right of the soil): <\/strong>Citizenship is granted to anyone born within the territory of the country, regardless of parental citizenship. It is followed by the United States.<\/li>\n\n\n\n<li><strong>Jus sanguinis (right of blood):<\/strong> Citizenship is granted based on parental nationality, not place of birth. It is followed by India.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>14th Amendment of the US Constitution<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The 14th Amendment to the US Constitution was ratified in <strong>1868.<\/strong><\/li>\n\n\n\n<li>The Citizenship Clause says, All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States.<\/li>\n\n\n\n<li>This has been interpreted to guarantee citizenship to anyone born on US soil, irrespective of parental immigration status.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/world\/us-supreme-court-trumps-birthright-citizenship-10009190\/\" rel=\"nofollow noopener\" target=\"_blank\"><strong>IE<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>e-Zero FIR Initiative<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/Polity and Governance<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Indian Cybercrime Coordination Centre (I4C) <\/strong>has introduced the <strong>new e-Zero FIR initiative <\/strong>to nab any criminal with unprecedented speed.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Seamless FIR Registration: <\/strong>High-value cyber financial crimes (above \u20b910 lakh) reported via National Cybercrime Reporting Portal (NCRP) or helpline 1930 will now be<strong> automatically converted into Zero FIRs, <\/strong>ensuring quicker initiation of investigations.<\/li>\n\n\n\n<li><strong>Integrated Digital Framework: <\/strong>It brings together systems from the Indian Cybercrime Coordination Centre (I4C), Delhi Police\u2019s e-FIR, and National Crime Record Bureau\u2019s (NCRB\u2019s) Crime and Criminal Tracking Network &amp; Systems (CCTNS.<\/li>\n\n\n\n<li><strong>Territory-Neutral Action:<\/strong> Complaints can be filed and processed irrespective of the complainant\u2019s location, removing delays due to jurisdictional constraints.<\/li>\n\n\n\n<li><strong>Easy Escalation: <\/strong>Victims can get their Zero FIR converted into a regular FIR by visiting the relevant cybercrime police station within 3 days.<\/li>\n\n\n\n<li>Initially launched as a <strong>pilot in Delhi<\/strong>, the system will soon be extended to other States and Union Territories across India.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Significance<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Legal Backing from BNSS:<\/strong> The process is aligned with Sections 173(1) and 1(ii) of the Bhartiya Nagrik Suraksha Sanhita (BNSS), reinforcing the<strong> role of new criminal laws in modernizing policing.<\/strong><\/li>\n\n\n\n<li><strong>Enhanced FIR Conversion Rate: <\/strong>The system is expected to significantly improve the conversion rate of complaints into FIRs, enabling <strong>faster recovery of lost funds and stronger enforcement.<\/strong><\/li>\n\n\n\n<li><strong>Strengthened Cybercrime Response: <\/strong>This tech-driven approach bolsters India\u2019s overall capability to tackle cybercrime, builds public confidence, and strengthens the digital financial ecosystem.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2129715\" rel=\"nofollow noopener\" target=\"_blank\"><strong>PIB<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Follow OROP Principle for All Retired HC Judges: SC<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/Polity and Governance<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Supreme Court held that retired high court judges will be entitled to <strong>uniform pension and other terminal benefits.<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It establishes a long-overdue <strong>parity in judicial service benefits.&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li>Flat pension of \u20b913.5 lakh per annum for all retired High Court judges and \u20b915 lakh per annum for retired Chief Justices.<\/li>\n\n\n\n<li>The court has removed inconsistencies rooted in entry points, tenure duration, and service breaks.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Reiterating the One Rank One Pension (OROP) principle<\/strong>, the court emphasized that all judges, regardless of whether they came from the district judiciary or the bar, are entitled to <strong>equal post-retirement benefits<\/strong> \u2014 a position grounded firmly in the <strong>constitutional guarantee of equality<\/strong> (Article 14).<\/li>\n\n\n\n<li>This decision ends <strong>decades of ambiguity and discrimination in judicial pensions <\/strong>and reinforces the dignity and uniformity of the judiciary \u2014 not just in office, but in retirement too.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: TH<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Futures &amp; Options<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/Economy<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The former SEBI Chairman has raised concern over the <strong>rising risks associated with F&amp;Os [futures and options] <\/strong>as most of the individuals who invested in them are losing money.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What is a derivative?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A derivative is a<strong> financial contract<\/strong> whose <strong>value depends on the price of an underlying asset.&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>An underlying asset<\/strong> is the primary asset based on which a derivative\u2019s value is derived at.&nbsp;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>They can be <strong>stocks, stock indices or commodities<\/strong> such as crude oil, natural gas, gold, silver, copper etc.\n<ul class=\"wp-block-list\">\n<li><strong>Derivatives are a helpful tool for those <\/strong>informed traders who use them as a <strong>hedging strategy<\/strong> (to mitigate losses).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Futures: <\/strong>Futures are derivative contracts in which <strong>both the buyers and the sellers have an obligation to buy or sell <\/strong>an underlying asset at a predetermined price on a future date, decided today.\n<ul class=\"wp-block-list\">\n<li>If a trader thinks the price of natural gas will increase in the next three months, he can buy a natural gas futures contract today.&nbsp;<\/li>\n\n\n\n<li>If his prediction is right, he can gain considerable profit. But if his prediction fails, he would incur an unlimited loss.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Options: <\/strong>In an options contract, buyers have the <strong>right, but not an obligation, <\/strong>to buy an underlying asset via the call option, or have the right to sell an underlying asset via the put option at a specified price before a certain date. It\u2019s because of this flexibility, <strong>investors think options are safer.<\/strong>\n<ul class=\"wp-block-list\">\n<li>Though options have more options, they are highly risky, to the extent that your capital would erode to zero.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/business\/markets\/futures-options-jackpots-or-ticking-time-bombs\/article69590358.ece\" rel=\"nofollow noopener\" target=\"_blank\"><strong>TH<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Alternative Investment Funds<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/Economy&nbsp;<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In News<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>RBI has proposed revised guidelines to ease restrictions on investments by <strong>regulated entities (REs) <\/strong>in <strong>Alternative Investment Funds (AIFs).&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Alternative Investment Fund (AIF)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors.&nbsp;&nbsp;<\/li>\n\n\n\n<li>AIF does not include funds covered under the SEBI (Mutual Funds) Regulations, 1996, SEBI (Collective Investment Schemes) Regulations, 1999 or any other regulations of the Board to regulate fund management activities.&nbsp;<\/li>\n\n\n\n<li>AIFs in India are classified into three categories based on their investment strategy, risk profile, and use of leverage.\n<ul class=\"wp-block-list\">\n<li><strong>Category I<\/strong> AIFs invest in sectors that are considered socially or economically desirable by the government or regulators, such as start-ups, small and medium enterprises (SMEs), infrastructure, and social ventures.<\/li>\n\n\n\n<li><strong>Category II AIFs<\/strong> comprise funds that do not fall under Category I or III and typically include private equity funds, real estate funds, and distressed asset funds.<\/li>\n\n\n\n<li><strong>Category III AIFs <\/strong>are designed for high-risk, high-return strategies and are permitted to employ leverage and complex trading strategies, including in listed or unlisted derivatives.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Source :IE<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Workings of an Atomiser<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS 3\/Science&nbsp;<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In News<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Now, Atomisers are used widely in industries like agriculture, medicine and even in everyday household products.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Atomiser<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is a device that turns liquid into a spray, which is a collection of tiny droplets dispersed in air.&nbsp;<\/li>\n\n\n\n<li>It is widely used because liquids are easy to store, while sprays offer better coverage.&nbsp;<\/li>\n\n\n\n<li>It varies by design depending on the spray&#8217;s purpose\u2014differing in drop size, spray pattern, and angle of application.\n<ul class=\"wp-block-list\">\n<li>Drop size can be measured in several ways, including the Relative Span Factor (RSF), which indicates how uniformly sized the drops are.<\/li>\n\n\n\n<li>&nbsp;Laser-based methods are often used to assess droplet size.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Working&nbsp;<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Atomisers work by forcing liquid through narrow channels, breaking it into droplets via pressure or motion.&nbsp;<\/li>\n\n\n\n<li>Designs include flat-fan sprays, pressure-swirl systems, and advanced types like ultrasonic nebulisers or air-assisted atomisers, which create fine mists or aerosols.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Applications&nbsp;<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Atomisers are used in diverse sectors\u2014fuel injection in engines, agricultural spraying, cooling machinery, firefighting, and medicine (e.g., nasal sprays and antiseptics).&nbsp;<\/li>\n\n\n\n<li>They are also common in everyday household items like cooking oil sprays, perfumes, and deodorants.<\/li>\n<\/ul>\n\n\n\n<p>Source :TH<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>New Generation Barcodes to Go Live From 2027<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus :GS 3\/Economy&nbsp;<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In News<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GS1 (the global standards organization) is&nbsp; planning&nbsp; to introduce <strong>next-generation QR codes by 2027<\/strong> to enhance transparency, traceability, and consumer protection.&nbsp;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td><strong>Do you know?<\/strong><br>&#8211; Bharat QR is the<strong> world\u2019s first interoperable QR code payment solution.<\/strong><br>&#8211; It has been developed<strong> by National Payments Corporation of India (NPCI), Master card and Visa <\/strong>to support India\u2019s move toward a <strong>less-cash economy.<\/strong><br>&#8211; It was devised based on the direction set by the <strong>Reserve Bank of India (RBI) <\/strong>in <strong>September 2016<\/strong> and its <strong>Payments Vision 2018<\/strong>, which outlines innovation, interoperability, and security as the three pillars to facilitate India\u2019s transition to a less \u2013 cash society.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>New generation barcodes<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>These QR codes, currently being tested in countries like Australia, will be introduced in <strong>India based on how ready manufacturers are<\/strong>.<\/li>\n\n\n\n<li>Initially, both traditional barcodes and QR codes will appear on product packaging to support retailers still upgrading their systems.&nbsp;<\/li>\n\n\n\n<li>Full transition to QR codes will depend on retailers\u2019 readiness in each country.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Significance&nbsp;<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The initiative aligns with GS1\u2019s Vision 2030, which focuses on digital transformation, supply chain resilience, sustainability, and consumer and patient safety<\/li>\n\n\n\n<li>&nbsp;GS1 leaders emphasized India\u2019s growing importance, both economically and digitally, and are hosting their General Assembly in India for the first time, highlighting the country&#8217;s strategic role in this global shift.<\/li>\n<\/ul>\n\n\n\n<p>Source :TH<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Operation Olivia<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/Environment<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Operation Olivia<\/strong> helped protect a record of over<strong> 6.98 lakh <\/strong>Olive Ridley turtles nested at the <strong>Rushikulya river<\/strong> mouth in <strong>Odisha.<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Operation Olivia<\/strong> is an annual mission of the <strong>Indian Coast Guard\u2019s (ICG) <\/strong>conducted from November to May.<\/li>\n\n\n\n<li><strong>It is aimed at<\/strong> ensuring safe nesting grounds for Olive Ridley turtles particularly at <strong>Gahirmatha Beach<\/strong> and surrounding coastal areas of Odisha, which see the arrival of over eight lakh turtles each year.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Olive Ridley Turtles<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The olive ridley gets its name from the olive green color of its heart-shaped shell.\n<ul class=\"wp-block-list\">\n<li>These are <strong>carnivores<\/strong> and feed mainly on jellyfish, shrimp etc.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Distribution:<\/strong> Olive ridleys are found throughout the world primarily in the tropical regions of the <strong>Pacific, Indian, and Atlantic oceans.<\/strong><\/li>\n\n\n\n<li><strong>Major nesting sites in India:<\/strong> Rushikulya rookery coast (Odisha), Gahirmatha beach (Bhitarkanika National park) and the mouth of the Debi River.<\/li>\n\n\n\n<li><strong>Features: <\/strong>They are known for their unique mass nesting called <strong>Arribada<\/strong>, where thousands of females come together on the same beach to lay eggs.<\/li>\n\n\n\n<li><strong>Conservation Status:&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>IUCN Red List:<\/strong> Vulnerable<\/li>\n\n\n\n<li>CITES <strong>Appendix I<\/strong><\/li>\n\n\n\n<li><strong>Schedule I<\/strong> of the Indian Wildlife (Protection) Act, 1972.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"71706c\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"481\" height=\"265\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/Olive-Ridley-Turtles.png\" alt=\"Olive-Ridley-Turtles\" class=\"not-transparent wp-image-43771\" style=\"--dominant-color: #71706c; width:401px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/Olive-Ridley-Turtles.png 481w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/05\/Olive-Ridley-Turtles-300x165.png 300w\" sizes=\"auto, (max-width: 481px) 100vw, 481px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2129578\" rel=\"nofollow noopener\" target=\"_blank\"><strong>PIB<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<h3><strong>Context<\/strong><\/h3>\n<li class=\"ms-5\">In response to the Red Sea security crisis that severely disrupted maritime trade, the Suez Canal Authority (SCA) has announced a 15% discount on transit fees for large container ships from May 15, 2025.<\/li>\n<p><\/p>\n<h3><strong>Security Crisis in the Red Sea<\/strong><\/h3>\n<li class=\"ms-5\">The crisis began in 2023 when Iran-backed Houthi rebels in Yemen started targeting commercial ships linked to Israel or its allies, in retaliation to the conflict in Gaza.<\/li>\n<li class=\"ms-5\">In response, major shipping lines avoided the Red Sea and rerouted ships via the Cape of Good Hope, significantly increasing Voyage duration by 10\u201314 days, Fuel consumption and Freight rates.<\/li>\n<p><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/20-05-2025\/news-in-short-20-05-2025\" class=\"btn btn-primary btn-sm float-end\">Read\u00a0More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-43759","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/43759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=43759"}],"version-history":[{"count":3,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/43759\/revisions"}],"predecessor-version":[{"id":43774,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/43759\/revisions\/43774"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=43759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=43759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=43759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}