1. IDFC appoints Sunil Kakar as MD & CEO for 3 years.
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IDFC Ltd today announced the appointment of Sunil Kakar as the Managing Director and Chief Executive Officer of the company with effect from July 16 for three years.
Kakar has also been appointed as additional director. Both the appointments are subject to shareholders’ approval at the annual general meeting (AGM).
Besides, the company announced that the board has approved the resignation of veteran banker Vikram Limaye from the post of MD and CEO who is set to join leading stock exchange NSE as its new Managing Director and CEO.
The board of directors has approved appointment of Sunil Kakar as the Managing Director and CEO of the company for 3 years with effect from July 16, 2017, IDFC Ltd said in a regulatory filing.
It further said the board has accepted the resignation of Vikram Limaye as Managing Director and CEO of the company with effect from July 15.
Kakar had joined IDFC as the Group Chief Financial Officer and was responsible for finance and accounts, business planning and budgeting and investor relations, among others.
Prior to joining IDFC, he had worked with Max New York Life Insurance Company since 2001 as CFO. He has also worked with Bank of America for 18 years in various roles.
2. Venkaiah Naidu launches book titled ‘The Emergency-Indian Democracy’s Darkest Hour.
Union Minister for Information & Broadcasting Venkaiah Naidu today said emergency is a bad part of Indian history and there is a need for systematic documentation of the emergency to make younger generation aware of its ill effects on our country.
Naidu said this after launching a book titled ‘The Emergency-Indian Democracy’s Darkest Hour’ written by A. Surya Prakash, chairman Prasar Bharati Board.
The book launch was organised as part of the day-long convention organized to mark the anniversary of the Emergency by Megh Nirghosh Media today in Ahmedabad.
Naidu further said that freedom of speech and expression ensured in our Constitution comes with responsibility.
He said the real essence of democracy lies in people’s participation.
Shri Naidu stressed that it was Gujarat from where the Navnirman Movement to dislodge the then corrupt and ineffective government began the half years before emergency. The Minister talked about the failure of media and the judiciary to stand up against emergency.
He highlighted the role of Sarvodaya, Rashtriy Swayam Sevak Sangh in restoring the democracy in the country. Chief Minister Vijay Rupani, senior BJP leader Subramanian swamy were also present on the occasion.
3. Romania: Mihai Tudose named as Prime-Minister Designate.
In Romania, President Klaus Iohannis has appointed outgoing economy minister Mihai Tudose as Prime Minister and thus paved the way for the formation of a new leftist Social-Democrat-led government in that country.
According to the President of Romania, the decision has been taken keeping in mind the political crisis that risked damaging the country’s record economic recovery.
The ruling Social Democrat Party (PSD) was ousted from the power following an internal power struggle. PSD filed a no-confidence motion against ex-Prime Minister Sorin Grindeanu for causing delays in implementing reforms.
Grindeanu has been ousted from power barely six months after PSD swept back to victory in elections. The Prime Minister-designate Mihai Tudose will have 10 days to gain the vote of confidence.
4. Srinivas Gokulnath becomes First Indian to Solo finish Race Across America.
Nashik’s army doctor Srinivas Gokulnath and Nagpur’s doctor Amit Samarth has created history by becoming the first Indians to complete the 4,900-km Race Across America (RAAM) in the solo 18-59 age category.
While Srinivas Gokulnath finished the distance of 4941kms in 11 days and 18 hours, Samarth took 11 days and 21 hours to finish the race. Among the 9 persons who managed to finish the race, Gokulnath stood 7th while Samarth finished at number 8.
The race was won by Christoph Strasser. Srinivas Gokulnath is an aerospace medicine specialist and had participated in the 2016 edition of RAAM. However, he withdrew from the event after covering 2447 km. Gokulnath also has a national record for cycling 4,000km from Leh to Kanyakumari in 16 days in 2014.
His feat got into the Limca Book of Records. Dr Amit Samarth is also a doctor and has a Master’s Degree in Public Health. In the three decades old history of RAAM, only three Indians had attempted RAAM solo but so far no one was able to finish the event in the solo category.
5.Kaushik Basu takes over as President of IEA.
Kaushik Basu has taken over as president of the International Economic Association (IEA). Basu will serve a three-year term as the President. Kaushik Basu has served as India’s chief economic adviser from 2009 to 2012.
He has also served as senior vice-president and chief economist at the World Bank from 2012 to 2016. At present, Basu is the C. Marks Professor of International Studies at Cornell University.
The International Economic Association (IEA) is one of the key organisations of professional economists and has been significant in determining global economic policy and research. Amongst the past presidents of IEA were the Nobel Laureates Robert Solow, Amartya Sen and Joseph Stiglitz.
IEA produces a large number of research papers and books and organises roundtables on topics of present-day interest. Its principal activities include International Congress organised every 3 years. The occasion serves as one of the major assemblies of economists from around the world.
6. Dr. Manoj Soni takes Oath as UPSC Member.
Dr Manoj Soni has taken Oath of Office and Secrecy as a member of the Union Public Service Commission (UPSC). The Oath was administered to him by the UPSC Chairman Prof. David R. Syiemlieh. Born on 17th February 1965, Dr Manoj Soni was a former Vice-Chancellor of Dr Babasaheb Ambedkar Open University.
He became the youngest-ever Vice Chancellor in independent (India). Manoj Soni is a scholar of Political Science with specialisation in International Relation Studies. He has earned his doctorate in “Post-Cold War International Systemic Transition and Indo-US Relations” from Sardar Patel University.
He has received several awards and recognitions such as “Honorary Mayor-President of the City of Baton Rouge” from Mayor-President of Baton Rouge, Louisiana, USA and World Education Congress Global Award for Distance Learning Leadership.
UPSC is a constitutional body that conducts the prestigious civil services examination. It has been established under Article 315 of the Constitution and consists of a Chairman and ten Members, who are appointed and removed by President.
The chairman and members of the Commission hold office for a term of six years or until they attain the age of 65 years, whichever is earlier. Article 316 of the Constitution deals with the appointment and term of office of members.
7. PM Modi inaugurates Centenary Celebrations of Sabarmati Ashram.
Prime Minister Narendra Modi has inaugurated the centenary celebrations of Sabarmati Ashram in Ahmedabad. The Prime Minister has also released the coin and postal stamp in the honour of Shrimad Rajchandraji on his 150th birth anniversary at Abhay Ghat. Shrimad Rajchandraji was the guru to Mahatma Gandhi
Sabarmati Ashram otherwise called as Gandhi Ashram, Harijan Ashram, or Satyagraha Ashram is located on the banks of the River Sabarmati. Sabarmati Ashram served as one of the residences of Mahatma Gandhi for twelve long years. The ashram has been declared as a national monument by the Indian government. Gandhiji started the Dandi march also called as Salt Satyagraha from Sabarmati Ashram on 12 March 1930.
Shrimad Rajchandra is a Jain poet, philosopher, scholar and reformer born in the year 1867 in Vavania near Morbi. His mother was a Jain and father a Vaishnava Hindu. He was the spiritual guide to Mahatma Gandhi. He is known for his teachings on Jainism. He has written a large number of letters and commentaries and also translated some religious texts. He got into fame by performing Avdhan, a memory retention and recollection test which gained him popularity.
8. Indian-American appointed as US Ambassador to Peru.
U.S. President Donald Trump has appointed an Indian-American named Krishna R Urs as the new US Ambassador to Peru.
Krishna R Urs is a career service American diplomat who has served at seven US embassies as well in several senior leadership positions in Washington, DC. At present, he is serving as Charge d’ Affaires of the US Embassy in Madrid, Spain.
Earlier, he has also served as Deputy Assistant Secretary for Transportation Affairs and Chief US Government Aviation Negotiator at the Department of State (2010 to 2014) Krishna R Urs has specialisation in economic issues and has extensive policy experience in the Andean region of South America.
He had earned his MS from the University of Texas and a BS from Georgetown University.
9. Prime Minister inaugurates Textiles India 2017.
The Prime Minister Narendra Modi inaugurated Textiles India 2017, India’s first ever mega textiles trade fair at Gandhinagar, Gujarat. The three-day fair will showcase the nation as a global sourcing hub and investment destination for manufacturers world-wide.
- The fair has been organised by Union Ministry of Textiles.
- It aims to explore opportunities and strengths of textiles and apparel manufacturing in India for global investors, and forge collaboration with global players in the textiles segment.
- The event will have G2G, B2B and B2G meetings with 2,500 international buyers, 1000+ international and domestic exhibitors and 15,000 domestic visitors.
- Besides, country sessions, state sessions, round tables and sectorial seminars will be also held, many of which will be chaired by Union Ministers. Fashion shows and thematic shows will also be held.
10. R K Pachnanda takes charge as Director General ITBP.
Senior IPS officer R K Pachnanda took charge as the new Director General of the Indo-Tibetan Border Police (ITBP). He will be the 29th Chief of the ITBP.
With this appointment, Pachnanda became the only IPS officer who has served in all the major central paramilitary forces and agencies – CRPF, CISF, BSF, NDRF, SPG, CBI and now the ITBP.
Pachnanda is a 1983 batch Indian Police Service (IPS) officer of the West Bengal cadre. Prior to the appointment as DG ITBP, he has served in various capacities as Commissioner of Police, Kolkata and DG NDRF.
He has been decorated with Indian Police Medal for Meritorious Service (1999) and President’s Police Medal for Distinguished Service (2007). He has also authored the book ‘Terrorism and Response to Terrorist Threat’ in 2001.
11. KK Venugopal appointed as Attorney General of India.
President Pranab Mukherjee has appointed senior advocate and constitutional expert K K Venugopal (86) as the new Attorney General of India. He will be 15th Attorney General of India.
He succeeds Mukul Rohatgi as the country’s top law officer. Earlier, in the Morarji Desai’ government (1977-79), Venugopal had served as Additional Solicitor General of India
- In his 50-year legal career, he had handled many high profile cases such as Mandal case, Ayodhya dispute, Presidential reference regarding appointment of Judges and also case involving judicial appointments.
- He assisted the Supreme Court in a number of cases and was amicus curiae in the infamous 2G spectrum case. He also had represented senior BJP leader L K Advani in the Babri Masjid demolition case.
- Awards and Honours: He is the recipient of Padma Vibhushan and Padma Bhushan.
12. Shamma Jain appointed Indian envoy to Greece.
Senior diplomat Shamma Jain was today appointed as India`s ambassador to Greece.
A 1983-batch Indian Foreign Service officer, Jain is currently serving as Indian envoy to Panama.
"She is expected to take up the assignment shortly," the External Affairs Ministry said.
Jain succeeds M Manimekalai as Indian envoy in Greece.
She had earlier served as ambassador to Cote d`Ivoire.
She has also served in Indian missions in Italy, the Philippines, Washington DC, Turkey and Argentina.