Hello and welcome to exampundit. Here are the Daily Current Affairs update of 2 and 3 December, 2017.
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Salil Parekh Appointed Infosys CEO and Managing Director
- Infosys, India’s no.2 IT services company, named Salil S. Parekh as chief executive officer on Saturday, picking an outsider for the job a second time and handing him the twin challenges of reviving growth and making peace between its founders and board.
- Parekh, who will join from consultancy firm Capgemini where he is currently an executive, has been given a five-year term effective January 2, an Infosys filing to exchanges showed.
- U.B. Pravin Rao, who was serving as the interim CEO, has been re-designated as chief operating officer from Jan. 2, Infosys said.
- Former CEO Vishal Sikka announced a sudden exit in August after a protracted public spat with the company’s founding executives, led by Narayana Murthy, over strategy and alleged corporate governance lapses.
- Sikka, who joined from German software maker SAP SE in 2014, was the first outsider to be appointed CEO of the Bengaluru-headquartered company.
- His exit and the prolonged public row led to a reshuffling of the Infosys’s board with Nandan Nilekani, a co-founder and former CEO, returning as non-executive chairman.
- Nilekani, credited with four-fold growth in Infosys’s revenue to $2 billion during his tenure as CEO, had said at the time that cultural fit would be an important criteria for the top job, making internal candidates “very strong contenders”.
India re-elected to International Maritime Organisation Council for 2 years
- India has won huge by bagging the second largest number of votes enabling it to re-enter the council of the International Maritime Organisation (IMO) for the next two years.
- India secured 144 votes from the member countries while Germany bagged 146.
- The council of IMO plays a crucial role in the global shipping industry and in determining its working mechanism and setting budget.
- The diplomat threw light on the diligence put forth for accomplishing such a big win.
- Sinha said efforts led by him and country’s missions abroad aided in overcoming the reluctance of a large number of nations who supported India in the International Court of Justice (ICJ) elections and were initially inclined to give support to others in the IMO elections.
- In his address to the IMO in London earlier this week, Gadkari said India was putting forward its candidature for a re-election to the IMO to represent developing countries and those with the largest interests in international seaborne trade.
- Gadkari also took to Twitter to express the happiness over the win.
Kathakar: International Storytellers Festival inaugurated in New Delhi
- The 7th edition of the three-day ‘Kathakar: International Storytellers Festival’ was inaugurated by Minister of State (MoS) for Home Affairs Kiren Rijiju at the Indira Gandhi National Centre for the Arts (IGNCA), New Delhi on 1 December 2017.
- Kathakar is the only oral storytelling festival in India and is a part of Ghummakkad Narain- the Travelling Literature Festival which was started under the aegis of UNESCO in 2010.The festival is an attempt to not just preserve the art form but also create new audiences for the same.
- The partners for this year’s festival are IGNCA of Union Ministry of Culture in Delhi, Heritage Transport Museum, Gurugram and National Centre for the Performing Arts (NCPA), Mumbai.
- The festival will have a circus act for the first time, performed by children from the slums trained by Sweedish Circus master Andreo.
- There will also be stories of Deendayal Upadhyay and Nanaji Deshmukh, celebrated by the Government of India.
- The festival will also see Vishal Bharadwaj and Mohit Chauhan come together for the first time to share folk stories through music.
India awarded for its effort to combat illegal wildlife trade
- India on 30 November 2017 was awarded with the Certificate of Commendation for its exemplary enforcement action in its regional and global effort to combat illegal wildlife trade.
- The award was conferred to the Wildlife Crime Control Bureau (WCCB) by the Secretary General of Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) at the 69th Standing Committee meeting of CITES at Geneva, Switzerland.
- India was the only recipient of the Certificate of Commendation at the esteemed meeting. The convention currently has 183 nations from across the world as its signatories.
- The information was shared by Union Minister of Environment, Forest and Climate Change, Harsh Vardhan, who stated that the award has been presented to WCCB under the Ministry for its efforts in conducting and coordinating a species specific wildlife enforcement Operation, codenamed ‘Operation Save Kurma’.
Union Cabinet approves setting up of National Nutrition Mission
- The Union Cabinet chaired by Prime Minister Narendra Modi on 30 November 2017 approved the setting up of National Nutrition Mission (NNM) with a three year budget of Rs.9046.17 crore starting from 2017-18.
- The mission will be rolled out in three phases from 2017-18 to 2019-20. It mainly aims to reduce stunting, under-nutrition, anaemia among young children, women and adolescent girls and reduce low birth weight.
- To ensure the same, it will monitor, supervise, fix targets and guide the nutrition-related interventions across Ministries.
Its other duties include:
- Mapping of various Schemes contributing towards addressing malnutrition
- Introducing a very robust convergence mechanism
- ICT based Real Time Monitoring system
- Incentivizing States/UTs for meeting the targets
- Incentivizing Anganwadi Workers (AWWs) for using IT-based tools
- Eliminating registers used by AWWs
Virat Kohli breaks Brian Lara’s record for most double centuries as captain
- Virat Kohli scaled yet another milestone, becoming the first skipper to hit six double centuries in Test cricket.
- The 29-year-old Indian thus surpassed West Indies great Brian Lara, who held the record previously with five double tons in Tests.
- India’s current ‘Milestone Man’, who had emulated Rahul Dravid with his previous double century in Nagpur, today equalled Sachin Tendulkar and Virender Sehwag for maximum number of double hundreds for India in Tests.
- Tendulkar had scored six double centuries, while Sehwag hit a record four double and two triple tons for India.
- Playing in his 63rd Test, Kohli scored his record sixth Test double hundred on the second day of the ongoing third and final Test against Sri Lanka at the Feroz Shah Kotla here. This is also the second double century on the trot for the Indian captain.
Army, Rajasthan govt sign MoU to improve infrastructure near border
- The Indian Army and the Rajasthan government have signed an MoU to improve infrastructure for their posts near the India-Pakistan border, an official said.
- As per the memorandum of understanding, the Army will be able to use an airstrip in Lalgarh-Jatan area in Sri Ganganagar district for 10 years.
- The Army can undertake temporary construction work as per their requirement, Principal Secretary of the State Civil Aviation Department, Pawan Goyal, said.
- The state government has sanctioned funds for the airstrip, which is near the India-Pakistan border, he said.
- The MoU was signed between the State Civil Aviation Department and the Army.
RBI asks cooperative societies not to use word ‘Bank’ in names
- The RBI has asked co-operative societies not use the word ‘Bank’ in their names as it violates the Banking Regulation Act.
- In a statement, the RBI said that it has also “come to the notice” that some co-operative societies are accepting deposits from public which tantamount to conducting banking business in violation of the provisions of the Act.
- It further said that such societies have neither been issued any licence under the Act nor are they authorised by the RBI for doing banking business.
- “The insurance cover from Deposit Insurance and Credit Guarantee Corporation (DICGC) is also not available for deposits placed with these societies,” RBI said.
Don’t forget to download the November Monthly Current Affairs PDF.
International Day of Persons with Disabilities 2017 observed globally
- The International Day of Persons with Disabilities was observed across the world on 3 December 2017 with the theme ‘ Transformation towards sustainable and resilient society for all’.
- The Day aims to promote the rights of persons with disabilities in all spheres of society and development. It also aims to increase awareness of the situation of persons with disabilities in every aspect of life, be it political, social, economic or cultural.
- Out of 7 billion world population, over 1 billion people in the world have some form of disability. It’s like 1 in every 7 people is disabled.
- More than 100 million disabled persons are children.
- Children with disabilities are four times more likely to experience violence than non-disabled children.
That’s all for today!
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