[Virtual Presenter] Top 5 M-P-W in Business: Rank Name Designation and Company Name Country Origin 1 Mary Barra Chairman and C-E-O of GM The United States of America (U-S-A--) 2 Karen S.Lynch President and C-E-O--, C-V-S Health USA 3 Jane Fraser C-E-O--, Citigroup USA 4 Julie Sweet Chair and CEO, Accenture U-S-A The United Kingdom 5 Emma Walmsley C-E-O--, GlaxoSmithKline (G-S-K--) (U-K---) Note: The women on the 2024 list will attend the Fortune Most Powerful Women Summit in Laguna Niguel, California, the USA. Key Findings: i.Though the list is mainly dominated by women C-E-O-s-, a group of 9 high profile Chief Financial Officers (CFOs) such as Susan Li (21st),CFO of Meta (formerly known as Facebook) , Anat Ashkenazi (22nd) new C-F-O at Alphabet, among others, represent a growing share of the list. ii.As per the 2024 list, 26 women business leaders are from the financial sector, followed by Technology (21), Energy (8), Retailing (8), health care (7), among others. iii.Abigail Johnson (ranked at 13th spot), a 3rd –Generation C-E-O of Fidelity Investments, has appeared on the M-P-W list the most times in other words 24 times, followed by Safra Catz (ranked at 7th position) and Ana Botin of Santander (ranked at 15th spot), appeared on the M-P-W list for 19 times and 17 times respectively. iv.This year’s ranking includes 20 women business leaders(up from 16 in 2023) from the Asia Pacific region, these women have appeared on Fortune’s inaugural edition of M-P-W Asia list. Fortune M-P-W Asia 2024 List: i.The M-P-W Asia 2024 List has featured executives from 11 Asia Pacific countries such as China, India, Japan, South Korea, Malaysia, Singapore, among others. ii.The list includes 53 CEOs, 26 Chairpersons, and 11 Chief Financial Officers(CFOs) and the list is topped by Grace Wang, Chairwoman and C-E-O--, Luxshare Precision Industry, China. iii.The list include some of the prominent Indian women business leaders like: Isha Ambani, NonExecutive Director, Reliance Retail; Roshni Nadar, Chairperson of H-C-L Technologies;Sandhya Devanathan, Vice President and Managing Director (M-D---) of Meta India, Arundhati Bhattacharya, former Chairman of the State Bank of India (S-B-I--) and chairperson and C-E-O of Salesforce India; Falguni Nayar, C-E-O of Nykaa, Vishakha mulye, C-E-O of Aditya Birla Cap, Kiran Mazumdar Shaw, Executive chairperson of Biocon and Preetha Reddy, Vice chairperson of Apollo Hospitals. About Fortune Magazine: Chief Executive Officer (C-E-O--) Anastasia Nyrkovskaya Headquarters New York City, the United States of America (U-S-A--) Established 1929 Report Errors in the P-D-F ebooks@affairscloud.com Copyright 2014-2024 @ AffairsCloud.com 224.
[Audio] Daron Acemoglu; Simon Johnson; & James A. Robinson won the Sveriges Riksbank Prize in Economic Sciences 2024 The Royal Swedish Academy of Sciences has honoured Turkish-American economist, Daron Acemoglu; British American economist, Simon Johnson; and British economist and political scientist, James A. Robinson with the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 on 14th October 2024. They were awarded "for studies of how institutions are formed and affect prosperity". Prize amount: 11 million Swedish kronor, to be shared equally between the laureates. Medal of Sveriges Riksbank Prize in Economic Sciences: i.The Medal of the Sveriges Riksbank Prize in Economic Sciences was designed by Swedish artist Gunvor Svensson-Lundqvist. ii.The obverse features the portrait of Alfred Nobel in the upper half and the bank's crossed horns of plenty in the lower half. iii.The reverse of the medal features a North Star emblem of the Royal Swedish Academy of Sciences, with the words "Kungliga Vetenskaps Akademien" (The Royal Swedish Academy of Sciences) around the edge. Winners of 2024 Sveriges Riksbank Prize in Economic Sciences: Nobel Laureate Awarded for Daron Acemoglu For studies of how institutions are formed and affect prosperity Simon Johnson James A. Robinson About Daron Acemoglu: Daron Acemoglu, born in 1967 in Istanbul, Türkiye, is a Professor at Massachusetts Institute of Technology(MIT), Cambridge, Massachusetts, the United States of America (USA). About Simon Johnson: Simon Johnson, born in 1963 in Sheffield, the United Kingdom (UK), is a Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management, Massachusetts, the USA. About James A. Robinson: James A. Robinson, born in 1960 in the UK, is a Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management at the University of Chicago, Chicago, Illinois, the USA. He currently holds appointments in the Harris School of Public Policy and the Political Science Department at the University of Chicago. About Sveriges Riksbank Prize in Economic Sciences: i.In 1968, Sveriges Riksbank (Sweden's central bank) established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. It is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the bank's 300th anniversary. ii.The first prize in economic sciences was awarded to Ragnar Frisch of Norway and Jan Tinbergen of the Netherlands in 1969. Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2024 @ AffairsCloud.com 225.
[Audio] Facts on Sveriges Riksbank Prize in Economic Sciences: i.Sveriges Riksbank Prize in Economic Sciences has been awarded 56 times to 96 laureates between 1969 and 2024. The 96 individual laureates include 3 women. ii.26 prizes in economic sciences have been given to one laureate while 20 prizes were shared between 2 laureates and 10 prizes were shared between 3 laureates. Points to Note: i.Youngest Laureate– Esther Duflo Nobel Prize received the prize in 2019 at the age of 46 "for their experimental approach to alleviating global poverty". ii.Oldest Laureate– Leonid Hurwicz received the prize in 2007 at the age of 90 "for having laid the foundations of mechanism design theory". iii.First Woman- Elinor Ostrom from the USA, won the prize in 2009 "for her analysis of economic governance, especially the commons". She became the first woman to win the Sveriges Riksbank Prize in Economic Sciences. iv.2023 Laureate- The 2023 prize was awarded to Claudia Goldin of the USA "for having advanced our understanding of women's labour market outcomes" Indian Laureate: Amartya Sen, the Indian economist and philosopher hailing from Santiniketan, West Bengal, won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 1998 "for his contributions to welfare economics". He was affiliated with Trinity College, Cambridge, the UK at the time of the award. About the Nobel Prize: i.The Nobel Prize is an international award administered by the Nobel Foundation in Stockholm, Sweden, recognising discoveries and achievements that benefit humanity. ii.The award is based on the fortune of Alfred Nobel, a Swedish inventor and entrepreneur. iii.Since 1901, the Nobel Prize has been awarded in physics, chemistry, physiology or medicine, literature and peace. Sveriges Riksbank (Sweden's central bank) established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 1968. Prize Money: Winners of the Nobel Prize will receive a medal, a personal diploma, and a cash award. The cash award of Nobel Prize 2024 is set at Swedish kronor (SEK) 11 million per full Nobel Prize. Sister Rosita Milesi, Brazilian Nun and 4 Other Women Won UNHCR's Nansen Refugee Award for their Life Changing work with Migrants Sister Rosita Milesi (79), Brazilian nun, lawyer and social worker was honoured with the 2024 United Nations High Commissioner for Refugees (UNHCR) Nansen Refugee Award's Global Laureate for championing the rights and dignity of refugees and migrants of different nationalities in Brazil for nearly four decades. The award was presented at a ceremony held in Geneva, Switzerland on 14th October, 2024. She becomes the 2nd Brazilian, who will be honoured with this award, after Dom Paulo Evaristo Arns, former Sao Paulo Archbishop won the award in 1985. She leads the Migration and Human Rights Institute (IMDH) based in Brasilia,.
[Audio] 2024 Regional Winners of the UNHCR Nansen Refugee Award: UNHCR has also named 4 other women as the winners of 2024 Regional winners of the UNHCR Nansen Refugee Award, in recognition of their exceptional work with refugees, internally displaced, and stateless people. Regional winners: Region Winner Africa Maimouna Ba Europe Jin Davod Middle East and North Africa Nada Fadol Asia-Pacific Deepti Gurung About Maimouna Ba: Maimouna Ba is an activist from Burkina Faso, who helped over 100 displaced children return to the classroom and supported more than 400 displaced women to attain financial independence. About Jin Davod: Jin Davod is a social entrepreneur and former Syrian refugee and has created an online platform for providing free mental health support to thousands of trauma survivors in Turkiye. About Nada Fadol: Nada Fadol is a Sudanese refugee, who has mobilized essential aid for refugees from Sudan and elsewhere fleeing to Egypt in search of safety. About Deepti Gurung: Deepti Gurung has been recognised for her efforts to reform citizenship laws of Nepal, paving a path to citizenship for thousands of people to secure citizenship for her own two daughters, who had become stateless. About UNHCR Nansen Refugee Award: i.The award was established in 1954 in the honour of Fridtjof Nansen, a Norwegian explorer, scientist, diplomat and Nobel Laureate who became the 1st High Commissioner for Refugees (1920-1930) for the League of Nations (predecessor of UN). ii.It is an annual award presented by UNHCR to individuals for their outstanding work to protect internally displaced and stateless people. The award is supported by the Governments of Norway and Switzerland, the City and Canton of Geneva, and the IKEA Foundation. iii.The 1st UNHCR Nansen Refugee Award was presented in 1954 to Eleanor Roosevelt, the 1st Chair of the UN Human Rights Commission and the 1st lady of the United States of America (USA). iv.Global laureate of the award receives a commemorative medal and a monetary prize of USD 100,000 donated by the governments of Norway and Switzerland. While, other regional winners receives a smaller monetary prize to support their humanitarian work. About United Nations High Commissioner for Refugees (UNHCR): High Commissioner- Filippo Grandi Headquarters- Geneva, Switzerland Established- 1950 Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2024 @ AffairsCloud.com 227.
[Audio] Mukesh Ambani Tops Forbes' India's 100 Richest 2024 List; Gautam Adani Ranked 2nd Mukesh Ambani, Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL), has retained the top spot on Forbes India's 100 Richest 2024 List with an estimated net worth of USD 119.5 billion across diversified assets, up by USD 27.5 billion compared to USD 92 billion in 2023. Gautam Adani, Chairman of Adani Group , was ranked 2nd on the list with an estimated net worth of USD 116 billion. He is followed by Savitri Jindal, the matriarch of the OP Jindal Group, jumped by 1 place to 3rd position on the list for the 1st time with a net worth of USD 43.7 billion, up by USD 19.7 billion from 2023. Biggest Gainers: i.Gautam Adani's net worth increased to USD 116 billion in 2024, an increase of USD 48 billion compared to his 2023 net worth. This is the highest increase by any Indian in a year. ii.Mukesh Ambani is the 2nd biggest gainer on the list. His net worth increased by USD 27.5 billion compared to his 2023 net worth. Methodology: i.The 2024 edition of the list was prepared using shareholding and financial information obtained from the families and individuals, regulatory agencies of India, among others. ii.The ranking considers the family fortunes, including those shared by siblings, and also among larger extended families such as Bajaj and Burman families. iii.Public fortunes were determined based on stock prices and exchange rates as of 27th September, 2024, while private companies were valued based on similar companies that are publicly traded. Top 10 Richest Indians Tycoons: Rank Name Net worth (in USD Billion) Company Name 1 Mukesh Ambani 119.5 Reliance Industries Limited (RIL) 2 Gautam Adani & Family 116 Adani Group 3 Savitri Jindal & Family 43.7 OP Jindal Group 4 Shiv Nadar 40.2 HCL Technologies 5 Dilip Shanghvi & Family 32.4 Sun Pharmaceutical Industries 6 Radhakishan Damani & Family 31.5 Avenue Supermarts 7 Sunil Mittal & Family 30.7 Bharti Enterprises 8 Kumar Birla 24.8 Aditya Birla Group Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2024 @ AffairsCloud.com 228.
[Audio] 9 Cyrus Poonawalla 24.5 Serum Institute of India (SII) 10 Bajaj Family 23.4 Bajaj Group Key Highlights: i.According to the Forbes, the combined wealth of India's top 100 Richest tycoons breached the mark of USD 1 trillion for the 1st time as total wealth of these individuals increased significantly by 40% i.e. from USD 799 billion (in 2023) to USD 1.1 trillion (in 2024) which is more than twice in 2019. This increase is mainly due to the robust performance of the stock market, with the Bombay Stock Exchange (BSE) sensex rising 30% since 2023. As per the Forbes, over 80% of those on the list are wealthier, with 58 individuals has added USD 1billion or above to their fortunes. ii.For year 2024, the minimum net worth to enter the Forbes list increased from USD 2.3billion (in 2023) to USD 3.3 billion (in 2024), which led to the exclusion of 11 billionaires from this year list. iii.Nikhil Kamath (38 years old), co-founder of the trading platform Zerodha has again emerged as the youngest billionaire on the list, ranked at 33rd position on the list with net worth of USD 8.4 billion. iv.The ranking of Technology Titan Shiv Nadar, Chairperson of HCL Technologies slipped from 3rd spot (in 2023) to 4th position (in 2024) with a net worth of USD 40.2 billion. Both Jindal and Shiv Nadar are among the group of 6 Indian billionaires who have added more than USD 10 billion to their wealth in 2024. v.Dilip Shanghvi, founder of Sun Pharmaceuticals has improved its ranking from 8th (in 2023) to 5th (in 2024) with USD 32.4 billion, up from USD 19 billion in 2023. New Entrants: i.The Total number of newcomers entered to Forbes 100 Richest Indians list has increased marginally by 1, from 3 in 2023 to 4 in 2024. ii.Among these 4 newcomers, 2 are from pharmaceutical sectors and they are: B. Partha Saradhi Reddy, Chairman of Hetero Group of Companies, was ranked 81st on the list with a net worth of USD 3.95 billion. Mahima Datla, Managing director of Biological E. Limited, was ranked 100th with a net worth of USD 3.3 billion. iii.The other two newcomers are, Harish Ahuja, Chairman of Shahi Exports, was ranked 84th with a net worth of USD 3.8 billion. Surender Saluja, founder and chairman of Premier Energies, was ranked at 85th with net worth of USD 3.7 billion. Other Key Points: i.As per the forbes list, 5 Indian billionaires returned to the list after a hiatus, among them most prominent name is: Irfan Razak & Siblings, whose Bangalore (Karnataka)-based developer Projects has made significant progress in real estate market of Mumbai, Maharashtra. He was ranked at 49th spot with net worth of USD 6 billion..
[Audio] Chief Executive Officer (CEO)- Mike Federle Headquarters- New Jersey, the United States of America (USA) Established- 1917 Ashokan Charuvil From Kerala Wins The 2024 Vayalar Award For 'Kattoorkadavu' The Vayalar Ramavarma Memorial Trust has conferred the 48th Vayalar Ramavarma Memorial Literary Award(2024)to Ashokan Charuvil, an Indian short writer in Malayalam-language, for his novel 'Kattoorkadavu'. 'Kattoorkadavu' explores themes of life, revival and the national movement set against the backdrop of a village devastated by the Great Flood. i.The Vayalar Award has recognized outstanding literary works since its inception in 1977 ii.The award includes a cash prize of 1 lakh rupees and a bronze sculpture ,which was designed by renowned artist Kanai Kunhiraman. The award will be presented on October 27 2024, the death anniversary of the eminent Indian poet and lyricist in Malayalam, Vayalar Ramavarma. iii.Ashokan Charuvil was born in 1957 in Kattoor, Trichur district of Kerala. He is a recipient of several awards including the Kerala Sahitya Akademi Award and the Muttathu Varkey Award. Note: In 2023, the poet, lyricist and director Sreekumaran Thampi received the 2023 Vayalar award for the autobiography 'Jeevitham Oru Pendulum'. President of India Droupadi Murmu Conferred 5th National Water Awards for Year 2023; Odisha Won the Best State Award On 22nd October 2024, the President of India Droupadi Murmu has conferred the 5th National Water Awards (NWAs) for the year 2023 on 38 winners including joint winners across 9 different categories such as: Best Village Panchayat, Best Urban Local Body (ULB), Best Industry, Best Water User Association, Best Institution (other than school or college), and Best Civil Society. These awards were presented during a ceremony held at Plenary Hall, Vigyan Bhawan in New Delhi(Delhi). Odisha won the 1st prize in the category of Best State, while Uttar Pradesh (UP) secured the 2nd position, and Gujarat and Puducherry, Union Territory (UT) with state legislature, jointly secured the 3rd position in this category. About NWAs 2023: i.The recipient of each award was conferred with a citation and a trophy as well as cash prizes in certain categories. ii.Jhajjar( Haryana)-based Aravali Power Company Private Limited (APCPL) honoured with the Best Industry award for 2023. iii.Pentakli Project Union Water User Association in Budhana district, Maharashtra won1st Prize in the category of Best Water User Association (WUA). iv.The Best district awards were given across 6 different zones in India, demonstrating exceptional efforts in water management and conservation. For instance: Visakhapatnam district from Andhra Pradesh (AP) won from the South zone. Selection Process: i.5th NWAs were launched on 13th October, 2023 on Rashtriya Puraskar Portal of Ministry of Home Affairs (MHA) and had received 689.
[Audio] ii.Later, these applications were examined and evaluated by a Jury Committee and then, Central Water Commission (CWC) and Central Ground Water Board (CGWB) carried out ground truthing of the shortlisted applications after which 38 winners, including joint winners covering all 9 categories were selected for awards. List of NWAs for 2023: Best State Rank Name of the State 1 Odisha 2 Uttar Pradesh(UP) 3 Puducherry and Gujarat Best District S.NO. Zone (one award per zone) Name of the District 1 South Visakhapatnam, Andhra Pradesh (AP) 2 North East Dhalai, Tripura 3 North (Joint Winner) Banda, UP 4 North (Joint Winner) Ganderbal, Jammu & Kashmir (J&K) 5 West Indore, Madhya Pradesh (MP) 6 East Balangir, Odisha Best Village Panchayat Rank Name of the Village 1 Pullampara, Thirvananthapuram, Kerala 2 Masulpani, Kanker, Chhattisgarh 3 Hampapuram, Anantapur, AP and Khliehrangnah, West Jaintia Hills, Meghalaya (Joint Winners) Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2024 @ AffairsCloud.com 231.
[Audio] Best Urban Local Body (ULB) Rank Name of the ULB 1 Surat, Gujarat 2 Puri, Odisha 3 Pune, Maharashtra Best School or College Rank Name of the School/College 1 Government Upper Primary School, Jethwanka Bas, Sikar, Rajasthan 2 Government Sarvodya Kanya Vidyalaya, B-3 Paschim Vihar, New Delhi 3 Khairbani Ashram School, Baisanga, Mayurbanj, Odisha BHSS, Zainakote, Srinagar (J&K) (Special Mention) Best Industry Rank Name of Industry 1 Aravali Power Company Private Limited (APCPL), Jhajjar, Haryana 2 Apollo Tyres Limited, Kanchipuram, Tamil Nadu (TN) 3 Raymond Uco Denim Private Limited, Yavatmal, Maharashtra Best Water User Association (WUA) Rank Name of WUA 1 Pentakli Project Union Water User Association, Budhana district, Maharashtra 2 Water User Cooperative Society, Kagekodamagge, Shivamogga, Karnataka 3 Parambur Big Tank Water User Association, Pudukkottai, TN Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2024 @ AffairsCloud.com 232.
[Audio] Best Institution (other than School/College) Rank Name of Institution 1 Tamil Nadu Agricultural University, Coimbatore, TN 2 KonerLaksmaiah Education Foundation, Guntur, AP 3 Indian Institute of Technology (IIT) Madra, Chennai, TN and Sri Tirumala Nagar Resident Welfare Association, Visakhapatnam, AP; IIT Tirupati, Tirupati, AP Special Mention Birla Institute of Science and Technology, Jhunjhunu, Rajasthan Best Civil Society Rank Name of Applicant 1 BAIF Development Research Foundation, Pune, Maharashtra 2 YuvaMitra Mitrangan Campus, Nashik, Maharashtra 3 Gramin Vikas Trust, KanchanKunj, Dahod, Gujarat Art of Living, Vyakti Vikas Kendra India, Benguluru, Karnataka Special Mention S.M. Sehgal Foundation, Institutional Area, Gurugram Background: i.The NWAs were launched in 2018 by the Department of Water Resources, River Development, and Ganga Rejuvenation (DoWR, RD & GR), Ministry of Jal Shakti(MoJS). These awards are part of the ongoing nationwide drive of a "Jal Samridh Bharat" or "Water Prosperous India". ii.It focuses on encouraging the good work and efforts made by various individuals and organisations, and provides an opportunity to strengthen public participation in water resource conservation and management activities. About Ministry of Jal Shakti (MoJS): Union Minister- Chandrakant Raghunath Patil (Constituency- Navsari, Gujarat) Minister of State (MoS)- V. Somanna (Constituency- Tumkur, Karnataka); Raj Bhushan Choudhary (Constituency- Muzaffarpur, Bihar) Former Indian Spinner Neetu David along with AB de Villers, Alastair Cook Inducted into ICC Hall of Fame Former Indian spinner Neetu Lawrence David, along with South Africa's legendary cricketer Abraham Benjamin de Villiers and former England Cricket team Captain Sir Alastair Nathan Cook were inducted into the International Cricket Council (ICC)'s Hall of Fame as the Class of 2024. Report Errors in the PDF - ebooks@affairscloud.com Copyright 2014-2024 @ AffairsCloud.com 233.
[Audio] With this, Alastair Cook, Neetu David and AB de Villiers became 113rd, 114th and 115th inductee in the long list of cricket legends in the Hall of Fame. The Class of 2024 will held in Dubai, the United Arab of Emirates (UAE), which will coincide with the conclusion of the Women's T20 World Cup 2024. About Neetu Lawrence David: i.NeetuLawrence David become the 2nd women from India and 10th Indian to be inducted into the ICC Hall of Fame following the induction of Diana Fram Edulji in 2023. ii.She played her 1st international match for Indian cricket team at the age of 17 in a Test match against New Zealand in 1995. iii.She has played over 100 matches (including 10 test match and 97 One Day Internationals(ODIs)match for Indian women cricket team between 1995 and 2008. iv.She is the 2nd highest wicket-taker for India in women's ODI cricket with 141 wickets and was also the 1st female Indian cricketer to claim 100 ODI wickets. v.During her long cricket career, David rose to fame for her spell against England in a Test match in 1995 where she scalped 8/53. vi.She took retirement from her cricket career in 2008 with an bowling average of 16.34, which is the best by any bowler male or female, to have taken at least 100 ODI wickets. About Abraham Benjamin de Villiers: i.Abraham Benjamin de Villiers who is fondly known as Mr. 360 because of his batting ability to hit shots in all directions. ii.He became the 8th South African cricketer to be inducted into the ICC Hall of Fame. He retired from all forms of cricket in 2021. iii.He scored over 20,000 international runs across all the 3 formats of cricket (including Test match, ODI andT20 match) during his 14 year long career. iv.During his long cricket career, he set various records such as the fastest 50 in just 16 balls, fastest century (31 balls) and fastest 150 (64 balls) in ODI matches, which consolidated his position as one of the most feared, destructive batters in the history of cricket. About Sir Alastair Nathan Cook: i.Sir Alastair Nathan Cook , with 12,472 runs in 161 test matches and 35 centuries ,consolidated his position as one of the greatest opening batters in Test cricket history. He became the 33rd England player inducted into ICC hall of fame ii.He achieved various accolades during his 14 year long career, including his pivotal role in England's two greatest overseas victories such as: 2010-11 Ashes victory and 2012 test series win in India. iii.He retired from international cricket in 2018, as England's all-time leading run scorer and is still ranked among the top 6 highest run-scorer of all time in the world. Note: As part of the ICC's centennial year celebrations, the ICC and Federation of International Cricketers Association (FICA) jointly established the ICC Cricket Hall of Fame on 2nd January, 2009. About International Cricket Council (ICC): Chairman- {Greg.
[Audio] Shaktikanta Das receives A+ grade in Central Bank Report Cards 2024 On 26th October 2024, Shaktikanta Das, the Governor of Reserve Bank of India (RBI) received an 'A+' grade in Central Bank Report Cards 2024 for the second consecutive year during an event in Washington D.C., the United States of America (USA). i.The USA based Global Finance Magazine presented the award to Shaktikanta Das, appreciating the RBI Governor's excellent performance and effective leadership in guiding and regulating India's central bank through complex economic challenges. ii.He has been placed at the top of the list of three central bank governors, who have been rated A+. Denmark's Christian Kettel Thomsen, and Switzerland's Thomas Jordan have also been ranked under the 'A+' category of central bankers. APPOINTMENTS & RESIGNATIONS RBI's Monetary Policy Committee Reconstituted; Aviral Jain Appointed as Executive Director On October 1 2024, The Government of India(GoI) has revamped the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), a key body that guides the country's monetary policy decisions, with new external members. The new external members are Ram Singh, Saugata Bhattacharya, and Nagesh Kumar. They will replace Ashima Goyal, Shashanka Bhide, and Jayanth R. Varma whose four-year terms have come to an end. The external members are appointed for a term of 4 years, with no provision for reappointment. Note– These changes occur ahead of the MPC's upcoming bi-monthly meeting, scheduled to be held on October 7-9, 2024. Other 3 members of the MPC are Shaktikanta Das, RBI governor; Michael Debabrata Patra, Deputy Governor of RBI and Rajiv Ranjan, and Executive Director monetary policy department of RBI. About Ram Singh : i.Prof. Ram Singh is a prominent economist and the director of Delhi School of Economics, University of Delhi in New Delhi(Delhi). ii.He has received numerous fellowships throughout his career, such as the Fulbright, Commonwealth, and Erasmus Mundus Fellowships, which highlight his contributions to the field of economics. About Saugata Bhattacharya : i.Saugata Bhattacharya is an esteemed economist and Senior Fellow at the Centre for Policy Research (CPR), focusing on data analytics for the Government of Andhra Pradesh(AP). ii.He has held significant positions, including Chief Economist and Executive Vice President at Axis Bank Limited and also worked at Infrastructure Development Finance Company Limited(IDFC). About Nagesh Kumar : i.Nagesh Kumar is the Director and Chief Executive of the Institute for Studies in Industrial Development (ISID) in New Delhi(Delhi). ii.He has held prominent roles at the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) from 2009 to 2021, including Chief Economist. About Monetary Policy Committee(MPC): The MPC was established in 2016, through amendments to the Reserve Bank of India (RBI) Act1934 Report Errors in the PDF - ebooks@affairscloud.com.
[Audio] primarily based on the Urjit Patel Committee recommendations, which aimed to enhance transparency and accountability in monetary policy. The MPC's primary goal is to maintain price stability while considering economic growth. There are 6 members in the MPC and the RBI governor is the chairperson. Three members from the RBI(Governor, Deputy Governor and one officer to be nominated by the central board) and three were appointed by the GoI. The MPC is tasked with guiding India's inflation rate, measured by the Consumer Price Index (CPI), to a target of 4%, with a tolerance band of 2% to 6%. This means that while the goal is to maintain a 4% inflation rate, the committee allows for some flexibility, acknowledging that inflation can fluctuate. RBI appoints Aviral Jain as new Executive Director The Reserve Bank of India (RBI) appointed Aviral Jain as its Executive Director(ED), with effect from October 1, 2024. i.Currently he was serving as Regional Director for Maharashtra. ii.He will oversee several departments including legal department. Before this role, he was serving as Regional Director (RD) for Maharashtra. Tripura Governor Indra Sena Reddy Nallu Takes Oath as the Acting Governor of Mizoram On September 30 2024, Indra Sena Reddy Nallu (73), Governor of Tripura, sworn in as the acting Governor of Mizoram at the Durbar Hall in Raj Bhavan, Aizawl, Mizoram. The oath was administered by Justice Nelson Sailo, judge of the Gauhati High Court. He has been given additional charge of Mizoram by President of India, Droupadi Murmu, as a result of Dr. Hari Babu Kambhampati, the incumbent Governor of Mizoram, taking medical leave due to a lung infection. Key Attendees:The event was attended by Chief Minister of Mizoram, Lalduhoma, Speaker Lalbiakzama, Home Minister Pu K.Sapdanga, other Cabinet Ministers, Chief Secretary and other special invitees. About Indra Sena Reddy Nallu i.Indra Sena Reddy Nallu is a prominent politician and Bharatiya Janata Party leader (BJP). He is currently serving as 20th Governor of Tripura. ii.He has served as the Member of legislative assembly (MLA)in undivided Andhra Pradesh(AP) in 1983, 1985 and 1999. iii.He had held various key positions in the BJP, including being its state president in 2003 and later the national general secretary in 2014. Points to Note: i.Article 153 of the Constitution of India mandates the presence of a Governor in each state. Under Article 155 of Constitution of India, the Governor of a State is appointed by the President by a warrant under his or her hand and seal. ii.A person to be eligible to be appointed as the Governor of state should be a citizen of India and has completed age of 35 years (Article 157). About Mizoram Chief Minister (CM)- Lalduhoma Capital- Aizawl National Park– Murlen National Park, Phawngpui National Park Wildlife Sanctuary– Lengteng Wildlife Sanctuary, Ngengpui Wildlife Sanctuary Report Errors in the PDF - ebooks@affairscloud.com.