Awards Current Affairs
Person Current Affairs July 4th Week 2016
Category : Awards Current Affairs
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1) Nepalese Prime Minister K.P. Sharma Oli announces resignation.

  • Nepal`s 38th Prime Minister Khadga Prasad Sharma Oli has resigned post the no-confidence motion against him in the Parliament.
  • Oli, who became PM 2015 October heading Nepal`s eighth government in the past 10 years, has been facing a no-trust motion after the Maoists withdrew support from the coalition government.
  • Oli began his political career in 1966. He joined the Communist Party of Nepal in February 1970.

2) Ericsson CEO Hans Vestberg steps down.

  • Swedish mobile telecoms gear maker Ericsson`s Chief Executive Hans Vestberg has stepped down with immediate effect.
  • Vestberg, who has been CEO since 2010, has come under fire in recent months, with Swedish media questioning his leadership and pay, particularly after weak quarterly results in April sent its share price down 15 per cent in a single day.
  • Chief Financial Officer Jan Frykhammar will be acting CEO, with group treasurer Carl Mellander as acting CFO.

3) Sharad Pawar to step down as MCA chief post Supreme Court ruling.

  • Veteran politician Sharad Govindrao Pawar to step down from the Mumbai Cricket Association (MCA) president within six months. After he does not qualify on the Recommendations made by the Lodha committee.
  • According to RM Lodha Committee, its recommendations that there be caps of 70 years on age and duration of tenure of 9 years of elected office bearers and state associations.
  • The 75-year-old Pawar ranked amongst the finest cricket administrators in the world who has earlier held the top posts in Board of Control for Cricket in India (BCCI) and the International Cricket Council (ICC).
  • Pawar served as the chairman of the BCCI from 2005 to 2008 and as the president of the ICC from 2010 to 2012.

4) Aditya Puri and Chanda Kochhar among highest-paid bankers in India.

  • The Managing Director of HDFC bank, Aditya Puri is the highest paid banker in India with a total package of Rs. 31.53 crore.
  • Chanda Kochhar, MD and CEO of ICICI bank, came next with a Rs. 18.59 crore total package.
  • While HDFC Bank`s Puri took the pole position in terms of both cash component and total remuneration including stock options.


5) Ricoh India Chairman Tetsuya Takano resigns.

  • Tetsuya Takano resigned as the Chairman and Director of Ricoh India Ltd. Takano was succeeded by Ian Peter Winham.
  • Takano`s resignation came following the disclosure of Ricoh India that found its accounts falsified and estimated to incur a loss of 1123 crore rupees for the fiscal year.
  • Winham joined the Ricoh Group in Europe, Middle East and Africa (EMEA) in 2002 as CFO and was appointed Executive Vice-President, CIO and CFO of Ricoh Europe in 2007.
  • In April 2016, he was appointed Corporate Vice President of Ricoh Company Ltd.

6) Muttiah Muralitharan and 3 others to be inducted into ICC Hall of Fame.

  • The ICC declared that Muttiah Muralitharan, Karen Rolton, Arthur Morris and George Lohmann will be inducted into the ICC Cricket Hall of Fame.
  • The legendary off spinner Muttiah Muralitharan is set to become the first Sri Lankan player to be inducted.
  • Murali is the leading wicket-taker in both Tests and ODIs, and one of only two players to tally over a 1000 wickets in international cricket, in a career that spanned 19 years, from 1992 to 2011.
  • Rolton, the former Australia women`s captain.
  • Morris, The former Australian cricketer.
  • Lohmann, the former England pacer.


7) Joint MD Sunil Kant Munjal to step down from Hero MotoCorp Board.

  • Sunil Kant Munjal, joint managing director of Hero MotoCorp and Chairman Hero Corporate Services will step down from the Board of Directors of the two-wheeler maker to focus on his independent core business and to pursue new business interests.
  • He is the brother of Pawan Munjal, the chairman, managing director and chief executive officer of the Hero Group.a.
  • As he will continue to work the best interest of all stakeholders of Hero MotoCorp, including shareholders, employees, suppliers and business associates.

8) National Dairy Development Board (NDDB) chief T. Nanda Kumar resigns.

  • T. Nanda Kumar, chairman of the National Dairy Development Board (NDDB) that controls Mother Dairy, has resigned with three more years left for his tenure to end.
  • Kumar, a former agriculture secretary, took over the charge at NDDB in March 2014, succeeding Amrita Patel.
  • The 65-year-old former IAS officer belonging to the Bihar-Jharkhand cadre was the first bureaucrat to be appointed as the NDDB chief.
  • He has been credited with improving the relations between NDDB and Amul, which were trying to promote different models of cooperatives.

9) Intex appoints Madhuri Dixit as brand ambassador for consumer durable products.

  • Intex Technologies has appointed cinestar Madhuri Dixit as brand ambassador for its consumer durable products, including washing machines and refrigerators.
  • The actor has been signed for a period of two years.
  • Intex has always been a firm believer in celebrity brand endorsements as it creates a strong brand recall besides highlighting the products special attributes.

10) A.K. Mittal gets two year extension as Railway Board chairman.

  • The Appointments Committee of the Cabinet approved the re-appointment of A.K. Mittal as the Chairman of the Railway Board for a period of two years.
  • This is for the first time that the highest official of the railways got a two-year extension.
  • Shri A.K. Mital has worked on various important posts on Indian Railways. He was Director/ Stores, Executive Director/ Vigilance and Executive Director/ Stores in Railway Board, Ministry of Railways. He has worked as Chief Material Manager in Northern Railway.

11) BCCI chief Anurag Thakur joins Territorial Army as Lieutenant.

  • BCCI President and BJP lawmaker Anurag Singh Thakur was commissioned into the Territorial Army (TA) in the rank of Lieutenant.
  • He was conferred the ranks by Army chief General Dalbir Singh Suhag.
  • Lieutenant Thakur cleared Services Selection Board (SSB) and was found fit for joining the Territorial Army.
  • Territorial Army is a part of the Indian Army and is manned by officers and men who are embodied for training for two months in a year.
  • Their actual role is during national emergencies, war and in support of army when they relieve Regular Army for operations.

12) R. Seshasayee resigns from Ashok Leyland board.

  • R. Seshasayee has resigned as the non-executive vice-chairman of Ashok Leyland. He is currently the chairman of the board of directors of Infosys.
  • Seshasayee started his career with Hindustan Lever Ltd (as Hindustan Unilever Ltd was known then) in 1971.
  • The veteran of commercial vehicle industry, Seshasayee held various positions in the Hinduja Group, including the managing director of Ashok Leyland for 13 years from April 1998 to March 2011.
  • He also led the company towards self-reliant, to build global technology and diversification, with acquisitions and joint ventures.