The Second Meeting of the Intergovernmental Committee
for Nagoya Protocol on Access and Benefit Sharing (ICNP-2) is being
held in New Delhi from 2-6 July, 2012.
The Nagoya Protocol on Access and Benefit Sharing (ABS) is a new
international treaty adopted under the auspices of the Convention on
Biological Diversity (CBD) in Nagoya, Japan on 29th October, 2010, after
six years of intense negotiations.
The CBD, one of the two agreements adopted during the Earth Summit held
in Rio de Janeiro in 1992, is the first comprehensive global agreement
which addresses all aspects relating to biodiversity. The Convention,
while reaffirming sovereign rights of nations over their biological
resources, establishes three main goals: (i) conservation of biological
diversity, (ii) sustainable use of its components and (iii) fair and
equitable sharing of benefits arising out of the use of genetic
resources. A framework for implementing the third objective of the CBD,
which is generally known as access and benefit sharing (ABS) is
provided for in the Convention.
All living organisms: plants, animals and microbes, carry genetic
material that has potential uses for developing a wide range of products
and services for human benefits, such as in development of medicines,
drugs, cosmetics, enzymes, agricultural and horticultural products,
environmental techniques etc.
ABS refers to the way in which genetic resources may be accessed, and
the way in which benefits that result from their use are shared between
the people or countries using the resources (users) and the people or
countries that provide them (providers). Prior to the CBD, biological
resources were considered as common heritage of mankind. The CBD, while
reaffirming sovereign rights of States over their natural resources,
stipulates that the authority to determine access to genetic resources
rests with the national Governments and is subject to national
legislation. Further, access where granted, has to be on mutually
agreed terms (MAT) and subject to prior informed consent (PIC) of the
Party providing such resources. Each Party is also required to take
measures to ensure fair and equitable sharing of benefits on MAT arising
from the commercial and other utilisation of genetic resources with the
Party providing such resources. The CBD also recognises the importance
of traditional knowledge associated with biological diversity, and
stipulates that Parties subject to their national legislation, respect,
preserve and maintain this traditional knowledge, and promote their
wider application with the approval and involvement of holders of their
knowledge and encourage equitable sharing of benefit arising from use of
such knowledge.
As a megadiverse country rich in biodiversity and associated traditional
knowledge, and with a rapidly advancing biotechnology industry, India
has contributed effectively in ABS negotiations.
The objective of the Nagoya Protocol, namely, the fair and equitable
sharing of benefits arising from the utilization of genetic resources,
is also one of the three objectives of the CBD. The Nagoya Protocol on
ABS establishes a clear framework on how researchers and companies can
obtain access to genetic resources and to traditional knowledge
associated with genetic resources, and how benefits arising from the use
of such material or knowledge will be shared. The Protocol also sets
out clear obligation for Parties to provide that users of genetic
resources within their jurisdiction respect the domestic regulatory
framework of Parties from where the resource has been accessed.
An Intergovernmental Committee for the Nagoya Protocol (ICNP) has been
established by Parties to the Convention as an interim governing body to
undertake the preparations necessary for the first Meeting of the
Parties, at which time it will cease to exist. The first meeting of
ICNP was held in June, 2011, in which India has been elected as one of
the two Bureau members to represent Asia Pacific region. This is
helping India to steer the discussions under ICNP. The second meeting
of ICNP is being hosted by India in Vigyan Bhawan, New Delhi from 2-6
July, 2012.
The Nagoya Protocol has been signed by 92 countries, and as on date
ratified by five countries. India signed the Protocol on 11th May,
2011, and is in the process of completing interministerial consultations
necessary for ratifying the Protocol. The Protocol will enter into
force 90 days after its 50th ratification. The first meeting of the
governing body of the Protocol (CoP-MoP) will be held concurrently with
the next meeting of governing body of the CBD (CoP).
The ICNP-2 will discuss issues such as: capacity building of developing
countries for implementation of the Protocol, awareness raising,
modalities of ABS clearing house, procedures and mechanism to promote
compliance with the Protocol, agenda for the first CoP-MoP, rules of
procedure for CoP-MoP, and global multilateral benefit sharing
mechanism.
The ICNP-2 meeting will be inaugurated by Ms. Jayanthi Natarajan,
Minister of Environment & Forests, on 2nd July, in Vigyan Bhawan.
The meeting will be attended by nearly 600 delegates from all countries
of the world representing Governments, academia, UN bodies, civil
society organizations, and indigenous and local communities.
The recommendations of the ICNP meetings will be considered by the
CoP-11 to the CBD being hosted by India in Hyderabad in October 2012.
A LEADING SOURCE OF CURRENT AFFAIRS & ANALYSIS INFORMATION FOR COMPETITIVE ASPIRANTS
Saturday, June 30, 2012
First Skill Development Programme for SLPEs Held by DPE in Bhopal
The first Skill Development/Training programme
conducted by the Department of Public Enterprises (DPE), Ministry of
Heavy Industries & Public Enterprises, Government of India for the
Executives and the Employees of State Level Public Enterprises (SLPEs)
was held in Bhopal on 28th June.
It will be recalled that the Minister of Heavy Industries & Public Enterprises Shri Praful Patel had written to the Chief Ministers of all States in May 2012 on the issue of sharing of experiences of public sector enterprises of both the Center as well as the State. As a follow of, the Department of Public Enterprises have develop the skill development/training programme for the executives and employees of SLPEs to help in improving/upgrading the skills of managers/executives/employees of State Level Public Enterprises (SLPEs) and consequently enhancing the overall productivity of these enterprises.
The scheme is to be implemented during the 12th Five Year Plan starting with the Annual Plan 2012-13. Under the Scheme, the fund will be given as grant-in-aid to institutes/bodies/CPSEs who will be responsible for organizing the training programme. In general, allocation of funds will depend on request from States/UTs. It is a modest intervention to supplement the efforts of the States/UTs.
While the focus of the training will be on upgrading the skills of key personnel, it will also include institution building. In the latter category, issues such as, corporate governance, raising resources from capital market and pricing policies will be dealt with. The combination of the two will help achieve excellence in the overall performance of SLPEs.
It will be recalled that the Minister of Heavy Industries & Public Enterprises Shri Praful Patel had written to the Chief Ministers of all States in May 2012 on the issue of sharing of experiences of public sector enterprises of both the Center as well as the State. As a follow of, the Department of Public Enterprises have develop the skill development/training programme for the executives and employees of SLPEs to help in improving/upgrading the skills of managers/executives/employees of State Level Public Enterprises (SLPEs) and consequently enhancing the overall productivity of these enterprises.
The scheme is to be implemented during the 12th Five Year Plan starting with the Annual Plan 2012-13. Under the Scheme, the fund will be given as grant-in-aid to institutes/bodies/CPSEs who will be responsible for organizing the training programme. In general, allocation of funds will depend on request from States/UTs. It is a modest intervention to supplement the efforts of the States/UTs.
While the focus of the training will be on upgrading the skills of key personnel, it will also include institution building. In the latter category, issues such as, corporate governance, raising resources from capital market and pricing policies will be dealt with. The combination of the two will help achieve excellence in the overall performance of SLPEs.
Wednesday, June 27, 2012
Madhya Pradesh gets United Nations Public Service Award
Madhya Pradesh (MP) has been conferred upon prestigious United Nations Public Service Award at New York in United State of America (USA). MP minister of state for public services management Brijendra Pratap Singh and deputy secretary of his department Manohar Dube received the award at a grand function in US.
A delegation from MP will also participate in inter-ministerial conference tomorrow. MP has bagged the award in second prize category for "Improving the delivery of public services", they added.
UN department of economic and social affairs received 471 entries from all over the world and MP clinched the prestigious award for outstanding implementation of public service delivery guarantee act, they said.
Objective of the award is to promote values and quality of public service at local, national and international levels. Through it, recognition and honour are also accorded as awards for international level innovations, officials said.
So far, about 1.25 crore applications had been received under Public Service Delivery Guarantee Act in MP. Under the Act, fine is recovered for failure in delivery of public services to citizens. Fine is imposed on the erring officials. In MP, 336 public service centres are being opened under Public Private Partnership (PPP) Mode to make the implementation of public service delivery guarantee act 2010 more effective.
Thursday, June 21, 2012
Clean India Campaign Launched for 100 Monuments in Delhi
Under 12th five year plan of Indian Government Clean India Campaign
was launched on 19 June 2012 at Qutab Minar, Delhi by Tourism Ministery
to improve Indian heritage and to attract more tourists. There were 100
heritages likely to be cover under the project of Tourism Development
Corporation (ITDC).
The project involves garbage clearance, drinking water facilities,
maintenance of parking lots and toilets and proper signage at the
heritage complex. It also includes tourist help desks and volunteers for
good management among tourists. There were number of facilities
available for physically challenged person.
Delhi Government also planned to advertise the campaign message on train tickets.Radio jingles and posters were also released.
The project was launched with the plan to attract 6 million more foreign tourists. Currently, foreign tourist rate is 5.7 million in a year.
Delhi Government also planned to advertise the campaign message on train tickets.Radio jingles and posters were also released.
The project was launched with the plan to attract 6 million more foreign tourists. Currently, foreign tourist rate is 5.7 million in a year.
Samaras sworn in Greek Prime Minister
Greek conservative party head Antonis Samaras was sworn in as Prime Minister on June 20 at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country’s future in Europe’s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions.
World leaders weigh stimulus vs austerity at G-20
With major European economies on the brink of collapse, leaders
concluding an annual Group of 20 meeting sought Tuesday to reassure the
world that they would find a way to put out the debt-fueled economic
wildfire that has threatened banks, wiped out jobs and toppled
governments across the continent.
But the presidents and prime ministers gathered in this seaside resort
seemed content to delay any major decisions for a while longer,
releasing only a general statement that stopped short of committing any
nations to greater spending unless conditions worsen and urging fiscal
responsibility.
For months, governments and economists have weighed two different paths
to ease the financial crisis- spending more to try to stimulate growth
or slashing budgets. European leaders headed home without announcing any
significant agreements, and they aimed to meet again later this month
in Brussels, with a goal of adopting a more detailed plan.
Still, the battle lines in the stimulus-versus-austerity debate were
clearly drawn among the 24 heads of state gathered in a heavily guarded
convention hall lined by a moat. The conservative leaders of the United
Kingdom, South Korea and Germany came out decisively for austerity,
warning that budget cuts were crucial to restoring fiscal order and
worldwide confidence.
“The countries in crisis will have to find measures that might be
painful and politically unpopular in the short term, but nonetheless
they must pursue this path,” South Korean President Lee Myung-bak said
Monday.
On the other side were left-leaning governments such as those in
Argentina, Brazil and France that have denounced the German-imposed
austerity plan for struggling countries such as Spain and Greece and
pushed for more stimulus spending.
President Barack Obama said European leaders “grasp the seriousness” of
their debt crisis and are moving with a “heightened sense of urgency” to
find a solution.
After the summit, Obama said the economic problems in Europe won’t be
solved by the G-20 or the United States, but by European nations. He
said he was confident they could do that, but acknowledged the
difficulty of getting all the separate legislatures to agree.
That the leaders adopted only some general policies is typical of G-20
declarations, said Jacob Kirkegaard, a research fellow at the
Washington-based Peterson Institute for International Economics.
“On the big issue of the hour, of weeks and months, the G-20 communique
is not going to make a big difference,” Kirkegaard said. “The communique
will repeat the mantra about strong, balanced, global growth. With each
member state free to do whatever they want, that’s the way to paper
over those differences.”
Indeed, the statement’s reassuring words failed to sooth troubled world
stock markets, which remained mixed and nervous Tuesday.
Germany must shoulder a large share of the contributions to bail out
economically weaker European countries that overspent for years. In
exchange, Germany has been insisting on steep cutbacks from aid
recipients such as Greece.
Those cutbacks have led to dramatic economic hardship for voters in
Greece and other countries. A growing number of European countries have
been advocating spending and growth, not austerity, and the G-20
statement made limited mention of such a possibility.
“We are united in our resolve to promote growth and jobs,” the document
said. “Strong sustainable and balanced growth remains the top priority
of the G20, as it leads to higher job creation and increases the welfare
of people across the world.”
The statement threw support specifically behind greater government
spending in countries that can afford it, if conditions get
significantly worse. Countries with “sufficient fiscal space stand ready
to coordinate and implement discretionary fiscal actions to support
domestic demand.”
The plan also hinted at flexibility by asking that governments “take
into account evolving economic conditions,” which could open the way for
more latitude in troubled countries such as Greece.
British Prime Minister David Cameron and French President Francois
Hollande noted that the summit’s final declaration also pledges to avoid
new protectionist measures until the end of 2014 and that China has
agreed to let currency fluctuate more freely, according to market
forces.
German Chancellor Angela Merkel repeated Tuesday that Greece has to uphold its side of the bargain.
“It’s obvious that the reforms that were agreed in the past are the
right steps and that they therefore must be implemented,” she said,
though she avoided directly answering the issue of giving Greece more
time.
Merkel said the G-20 leaders had a “very balanced” discussion on growth,
though she stressed once again that growth “is not just about money.”
“We need the right mix of budget consolidation ... and at the same time efforts for growth,” she said.
The statement said the Obama administration pledged to prevent sharp tax
increases and government spending cuts from kicking in at the end of
the year, as scheduled under current law, to avoid sending the U.S. into
another recession.
Treasury Secretary Timothy Geithner said the U.S. was “encouraged” by
European leaders’ plans to confront the continent’s economic crisis.
Speaking on the sidelines of the summit, Geither said Europe will now
focus on helping Greece stay afloat, designing a more integrated
financial system and improving economic growth.
“And all of us, of course, have a huge interest, a huge stake in the success of their efforts,” he said.
Repeatedly, the G-20 plan stresses shoring up banking systems. It calls
for a “more integrated financial architecture, encompassing banking
supervision, resolution and recapitalization, and deposit insurance.”
The cost of bailing out Spain’s 1.1 trillion ($1.39 trillion) economy
would likely outstrip current global ability, even after the
International Monetary Fund announced late Monday that a round of
contributions had increased its lending capacity to $456 billion. The
countries making the biggest IMF contributions will be Japan, at $60
billion; Germany, at $54.7 billion; and China, at $43 billion. The
United States is notably not contributing in the latest round.
Associated Press writers Michael Weissenstein in Los Cabos, Mexico;
Christopher S. Rugaber and Jim Kuhnhenn in Washington; Geir Moulson in
Berlin; and Sarah DiLorenzo in Brussels contributed to this report.
Red list has 132 species of plants, animals from India
The Red list of threatened species, prepared by the International Union
for Conservation of Nature (IUCN), has listed 132 species of plants and
animals as Critically Endangered, the most threatened category, from
India.
Plants seemed to be the most threatened life form with 60 species being listed as Critically Endangered and 141 as Endangered.
The Critically Endangered list included 18 species of amphibians, 14
fishes and 10 mammals. There are also 15 bird species in the category.
The agency listed 310 species as Endangered ones, including 69 fishes,
38 mammals and 32 amphibians. Two plant species were reported to be
extinct in the wild, including the Euphorbia mayuranthanii of Kerala. A
leaf frog species and six plants were recorded as extinct, according to
the latest assessment.
Of the total 63,837 species globally assessed, the IUCN classified 3,947
as Critically Endangered, 81 as Extinct, 63 as Extinct in the Wild. In
the lower risk categories, there were 5766 species in Endangered, 10,104
in Vulnerable and 4,467 in Near Threatened categories. Scientific data
regarding 10,497 species was not available and hence classified as Data
Deficient, the report said.
The threat level of as many as seven Indian bird species had increased in the last one year, say experts.
According to the latest figures, 15 species of Indian birds, including
the great Indian bustard, Siberian crane and sociable lapwing are there
in the list of Critically Endangered birds. In the lower risk
categories, the agency included 14 bird species as Endangered and 51 as
vulnerable ones.
Compared to the previous year, the conservation status of Baer's Pochard
had been uplisted to the Critically Endangered from the Endangered and
the Long-tailed Duck to Vulnerable from the Least Concerned, said P.O.
Nameer, South Asian coordinator, in situ, Conservation Breeding
Specialist Group, Species Survival Commission of the IUCN.
This year, Saker Falcon has been listed as Endangered against the
previous year's rating of Vulnerable. The threat perspective faced by
the River Lapwing resulted in its classification as the Near-Threatened
from the earlier Least Concerned. River Tern, a wetland-dependent
species found in Kerala among other places has been moved to the
Near-Threatened category from the Least concern and Black-bellied Tern
to the Endangered from the Near-threatened in the latest list, Dr.
Nameer said.
Sinhoe's Storm-petrel, which was first sighted in India in Chavakad last
year, has also been classified as the Near-Threatened. Last year, the
species was classified as the Least concerned, he said.
Fishes of Kerala
Four fish species from Kerala, including the Pookode Lake Barb and
Nilgiri Mystus, are included in the Critically Endangered fishes of
India. The agency listed 39 species from Kerala as endangered, including
the Periyar Latia, Nilgiri Danio, Cardamom Garra, Periyar Garra and
Anamalai Sucker Catfish.
The Imperial White Collared Yellow Catfish, Santhampara Loach, Nilgiri
Barb, Hump Backed Mahseer, Periyar Barb and Peninsular Hill Trout are
among the endangered fish species of Kerala, according to C.P. Shaji,
Principal Scientific Officer of the Kerala State Biodiversity Board.
The number of Critically Endangered species from Kerala has dropped to
four from seven of last year whereas the endangered list had gone up to
39 from the 37 of the previous assessment
Five Northeastern States and Himachal Pradesh appraised as Most Environmentally Sustainable States
The Environmental Sustainable Index (ESI) 2011 released on 14 June
2012, appraised five northeastern states (Tripura, Sikkim, Manipur,
Mijoram, Arunachal Pradesh) and Himachal Pradesh as the most
environmentally sustainable states in the country. The index was
released by Centre for Development Finance (CDF), affiliated to
Institute for Financial Management and Research.
Among larger states, Gujarat, Uttar Pradesh and West Bengal performed poorly on maximum of environmental indicators while Tamil Nadu, Maharashtra, Andhra Pradesh and Karnataka received high ratings. States with rich natural resources like Odisha, Chhattisgarh, Jharkhand, Madhya Pradesh and Bihar were rated moderate in the chart.
To gauge the environmental quality of the various states, ESI had referred to 41 key environmental indicators which were classified into nine thematic sub indices with respect to policy formulation. The sub indices included air quality and pollution, water quality and availability, land use and agriculture, forests and biodiversity, waste management, energy management, health impact, population pressure and environmental budget.
Among larger states, Gujarat, Uttar Pradesh and West Bengal performed poorly on maximum of environmental indicators while Tamil Nadu, Maharashtra, Andhra Pradesh and Karnataka received high ratings. States with rich natural resources like Odisha, Chhattisgarh, Jharkhand, Madhya Pradesh and Bihar were rated moderate in the chart.
To gauge the environmental quality of the various states, ESI had referred to 41 key environmental indicators which were classified into nine thematic sub indices with respect to policy formulation. The sub indices included air quality and pollution, water quality and availability, land use and agriculture, forests and biodiversity, waste management, energy management, health impact, population pressure and environmental budget.
Supreme Court of Pakistan debarred Pakistan Prime Minister Yusuf Raja Gilani from Office
The Supreme Court of Pakistan on 19 June 2012, debarred Pakistan
Prime Minister Yusuf Raja Gilani from his office. The court's ruling
also disqualified Gilani as the member of the National Assembly, the
lower house of the Majlis-e-Shoora (Parliament). Gilani was convicted
for violating the article 63(1) (g) (contempt of court) of the
constitution of Pakistan on 26 April 2012 by the Supreme Court. The
court’s verdict came following Gilani’s refusal to probe cases of
corruption against Pakistan President Asif Ali Zardari.
The three-judge Bench of the apex Pakistani court headed by Chief Justice Iftikhar Muhammad Chaudhry held Gilani, Pakistan's longest serving Prime Minister, ineligible for the post since 26 April 2012 when the court awarded him a symbolic 30-second sentence for the contempt of court. The court also instructed the President to take necessary measures under the Constitution to ensure continuation of the democratic process through the parliamentary system of government.
Earlier the Speaker of Pakistan's National Assembly, Fehmida Mirza had ruled that Gilani can't be disqualified as the PM of the country as the conviction for the contempt of court awarded to him does not merit Disqualification.
Born on 9 June 1952, Yusuf Raja Gilani, had been the member of Pakistan's National Assembly from Multan-IV constituency since 1988. In 2008 general elections he led Pakistan People Party (PPP) to a victory, to took over as the 16th Prime Minister of the Islamic Republic of Pakistan.
Asif Ali Zardari was accused of laundering an estimated 12 million dollar, received as the kickback by the companies looking for customs inspection contracts, to his Swiss Bank account, when his wife Benazir Ali Bhutto was the Prime Minister of the country during 1990s.
The three-judge Bench of the apex Pakistani court headed by Chief Justice Iftikhar Muhammad Chaudhry held Gilani, Pakistan's longest serving Prime Minister, ineligible for the post since 26 April 2012 when the court awarded him a symbolic 30-second sentence for the contempt of court. The court also instructed the President to take necessary measures under the Constitution to ensure continuation of the democratic process through the parliamentary system of government.
Earlier the Speaker of Pakistan's National Assembly, Fehmida Mirza had ruled that Gilani can't be disqualified as the PM of the country as the conviction for the contempt of court awarded to him does not merit Disqualification.
Born on 9 June 1952, Yusuf Raja Gilani, had been the member of Pakistan's National Assembly from Multan-IV constituency since 1988. In 2008 general elections he led Pakistan People Party (PPP) to a victory, to took over as the 16th Prime Minister of the Islamic Republic of Pakistan.
What was the case?
The Supreme Court of Pakistan had instructed the Prime Minster Yusuf
Raja Gilani to ask Swiss authorities to reopen cases of multi-million
dollar graft cases against the President Asif Ali Zardari, which the
Prime Minister refused to follow, citing constitutional immunity enjoyed
by the president as the reason.Asif Ali Zardari was accused of laundering an estimated 12 million dollar, received as the kickback by the companies looking for customs inspection contracts, to his Swiss Bank account, when his wife Benazir Ali Bhutto was the Prime Minister of the country during 1990s.
Credit Rating Agency Fitch downgraded India’s Credit Outlook Rating
International credit rating agency Fitch revised the credit outlook
of India to negative on 18 June 2012. The agency cited rampant
corruption and stalled reform existing in the country as the reason
behind the move to downgrade the country's credit rating. The rating
agency, however, maintained the India's sovereign rating at 'BBB-'.
Fitch also downgraded the credit outlook of seven PSUs namely NTPC, SAIL, IOC, PFC, GAIL, REC and NHPC. The agency downgraded the credit outlook after considering a broad range of factors, such as, macro economic policy, economy, public finances. Negative credit rating means that over the next 12-24 months there is a possibility that India's rating could be downgraded.
The agency in its report opined that with the fragile state of economy and a large subsidy bill India is likely to miss its fiscal deficit target of 5.1 percent for 2012-13. It predicted India’s fiscal deficit to be 5.6-5.9 percent of GDP. The agency also lowered the GDP growth projection of India for fiscal year 2012-13 from 7.5 percent to 6.5 per cent.
The Union Finance Ministry, however, rejected the agency’s rating and pointed out that foreign institutional investors (FII) have reposed their faith in the Indian economy and have already invested a net 12.3 billion dollar in the first five months of the calendar year 2012 compared to 8.3 billion dollar in the full calendar year of 2011.
Another credit rating agency Standard & Poor's had also revised the India’s credit outlook to negative in April 2012. S&P’s in its most recent report on India’s credit outlook released on 12 June 2012 had warned that given its sluggish growth rate and stalled economic policy reforms, India could be the first among the BRIC grouping nations to lose investment-grade rating.
What the sovereign rating 'BBB-' means:
BBB- is the last rating in the ratings which falls under investment grade. If India gets its credit outlook downgraded further, then it will be rated at BB+. The BB+ rating considered highest speculative grade by market participants. It is also the first rating at the junk level.
Fitch also downgraded the credit outlook of seven PSUs namely NTPC, SAIL, IOC, PFC, GAIL, REC and NHPC. The agency downgraded the credit outlook after considering a broad range of factors, such as, macro economic policy, economy, public finances. Negative credit rating means that over the next 12-24 months there is a possibility that India's rating could be downgraded.
The agency in its report opined that with the fragile state of economy and a large subsidy bill India is likely to miss its fiscal deficit target of 5.1 percent for 2012-13. It predicted India’s fiscal deficit to be 5.6-5.9 percent of GDP. The agency also lowered the GDP growth projection of India for fiscal year 2012-13 from 7.5 percent to 6.5 per cent.
The Union Finance Ministry, however, rejected the agency’s rating and pointed out that foreign institutional investors (FII) have reposed their faith in the Indian economy and have already invested a net 12.3 billion dollar in the first five months of the calendar year 2012 compared to 8.3 billion dollar in the full calendar year of 2011.
Another credit rating agency Standard & Poor's had also revised the India’s credit outlook to negative in April 2012. S&P’s in its most recent report on India’s credit outlook released on 12 June 2012 had warned that given its sluggish growth rate and stalled economic policy reforms, India could be the first among the BRIC grouping nations to lose investment-grade rating.
What the sovereign rating 'BBB-' means:
BBB- is the last rating in the ratings which falls under investment grade. If India gets its credit outlook downgraded further, then it will be rated at BB+. The BB+ rating considered highest speculative grade by market participants. It is also the first rating at the junk level.
Mahendra Singh Dhoni Appointed as a Brand Ambassador of Nepal Cricket Association
Indian Criket Captain Mahendra Singh Dhoni was appointed as a brand
ambassador of Nepal Cricket Association, Nepal on 17 June 2012.The
announcement was made by Posta Bahadur Bogati, Minister for Tourism and
Civil Aviation of Nepal.
Dhoni will promote and develop cricket in Nepal. Dhoni also advised Nepal cricket officials to get permission from International Cricket Council to construct a stadium. The stadium would likely to promote cricket in the country.
Mahendra Singh Dhoni was born on 7 July 1981 in Ranchi, Bihar. At present, he is the captain of the Indian ODI, Twenty20 team and Indian Test team. India won the 2011 Cricket World Cup under his captaincy.
Dhoni will promote and develop cricket in Nepal. Dhoni also advised Nepal cricket officials to get permission from International Cricket Council to construct a stadium. The stadium would likely to promote cricket in the country.
Mahendra Singh Dhoni was born on 7 July 1981 in Ranchi, Bihar. At present, he is the captain of the Indian ODI, Twenty20 team and Indian Test team. India won the 2011 Cricket World Cup under his captaincy.
Tuesday, June 19, 2012
Indian American Professor Anjani Jain appointed Associate Dean at Yale School of Management
The Yale School of Management on 18 June 2012announced the
appointment of Indian American professor Anjani Jain as senior associate
dean for the full-time MBA programme as part of the school's expansion
programme. He will contribute to the Yale SOM curriculum as a senior
lecturer.
Anjani Jain a graduate from the Indian Institute of Management, Ahmedabad will join Yale on 1 July 2012. He holds a PhD. from the University of California, Los Angeles, Graduate School of Management. Jain spent the last 26 years at Wharton and served as as vice dean of its full-time MBA programme for ten years. He also worked in the capacity of the vice dean of the MBA programme for executives. He in the past served in multiple leadership roles at the Wharton School of the, University of Pennsylvania.
He taught a range of courses and conducted important research in production and operations management. Jain was recognized for his contributions to African-American students with the Howard E. Mitchell Award.
Within the scope of a senior associate dean for the full-time MBA programme, Jain will focus on Yale's flagship full-time MBA programme. He will be expected to assume lead responsibility for admissions, career development, and student and academic services.
The Yale School of Management introduced a Master of Advanced Management programme and participated in the launch of the Global Network for Advanced Management, a collective effort by 21 international business schools to understand the challenges posed by complex global markets.
Anjani Jain a graduate from the Indian Institute of Management, Ahmedabad will join Yale on 1 July 2012. He holds a PhD. from the University of California, Los Angeles, Graduate School of Management. Jain spent the last 26 years at Wharton and served as as vice dean of its full-time MBA programme for ten years. He also worked in the capacity of the vice dean of the MBA programme for executives. He in the past served in multiple leadership roles at the Wharton School of the, University of Pennsylvania.
He taught a range of courses and conducted important research in production and operations management. Jain was recognized for his contributions to African-American students with the Howard E. Mitchell Award.
Within the scope of a senior associate dean for the full-time MBA programme, Jain will focus on Yale's flagship full-time MBA programme. He will be expected to assume lead responsibility for admissions, career development, and student and academic services.
The Yale School of Management introduced a Master of Advanced Management programme and participated in the launch of the Global Network for Advanced Management, a collective effort by 21 international business schools to understand the challenges posed by complex global markets.
Nik Wallenda Successfully crossed Niagara Falls on a Tightrope
American Stuntman Nik Wallenda became the first person to walk across
Niagara Falls on a tightrope on 15 June 2012. Wallenda took more than
25 minutes to complete his 1800-feet long precarious journey. No person
in the past 100 years has accomplished this daredevilry act. Wallenda
started the walk from the U.S. side of the falls and finished it to the
Canadian side.
Born at Florida in US on 24 January 1979 Wallenda describes himself as an aerialist, high wire artist, acrobat and daredevil. The six-time Guinness World Record holder Wallenda has to his credit the world record for the longest distance and greatest height ever travelled by bicycle on a high wire, the record which he created during a stunt in New Jersey in year 2008.
Stunts of any sort were legally prohibited on Niagara Falls for more than 100 years. Nik Wallenda had to wrangled with the US and Canadian authorities for two years to get the permission to perform the daredevil task. On 23 September 2011, New York Governor Andrew Cuomo signed a bill giving Nik Wallenda final permission to cross Niagra Falls on a tightrope.
Born at Florida in US on 24 January 1979 Wallenda describes himself as an aerialist, high wire artist, acrobat and daredevil. The six-time Guinness World Record holder Wallenda has to his credit the world record for the longest distance and greatest height ever travelled by bicycle on a high wire, the record which he created during a stunt in New Jersey in year 2008.
Stunts of any sort were legally prohibited on Niagara Falls for more than 100 years. Nik Wallenda had to wrangled with the US and Canadian authorities for two years to get the permission to perform the daredevil task. On 23 September 2011, New York Governor Andrew Cuomo signed a bill giving Nik Wallenda final permission to cross Niagra Falls on a tightrope.
Beatles Classic- 1968 Animated Film Yellow Submarine re-launched on Blu-ray and iTunes
The Beatles classic- 1968 animated film Yellow Submarine was
re-launched on Blu-ray and iTunes for the first time in June 2012. The
Yellow Submarines feature cartoons of The Fab Four (Beatles) battling
the evil Blue Meanies and their army of odd monsters in the mythical,
peaceful world of Pepperland. The DVD of Yellow Submarine was released
in 1999 but went out of circulation.
The re-launched version of the Yellow Submarine includes 15 of the Beatles' most popular songs. Due to the delicate nature of the hand-drawn original artwork, all of the digital clean-up of the film's restored photochemical elements were done by hand, frame by frame.
As per the story, an evil-The Blue Meanie reared its ugly head in an imaginary world called Pepperland located 80,000 leagues beneath the sea. The Blue Meanie and his consort of cohorts: The Butterfly Stomper, the Apple Bonkers, the Snapping Tummy Turks and the Terrible Flying Glove were stripping Pepperland of its color and vibrancy, and filling it with bluedom.
To drive Blue Meanie away, Fred is given command of the Yellow Submarine to go in search of someone who can defeat the Blue Meanie. During his quest, Fred chances upon Ringo, and eventually Paul, John and George, and together they set out on a trippy, time-traveling, phantasmagorical adventure, encountering many strange creatures while trying to find their way back to Pepperland.
The Beatles group had a three-picture deal with United Artists and the first two- A Hard Days Night (1964) and Help! (1965), were worldwide hits.
The re-launched version of the Yellow Submarine includes 15 of the Beatles' most popular songs. Due to the delicate nature of the hand-drawn original artwork, all of the digital clean-up of the film's restored photochemical elements were done by hand, frame by frame.
As per the story, an evil-The Blue Meanie reared its ugly head in an imaginary world called Pepperland located 80,000 leagues beneath the sea. The Blue Meanie and his consort of cohorts: The Butterfly Stomper, the Apple Bonkers, the Snapping Tummy Turks and the Terrible Flying Glove were stripping Pepperland of its color and vibrancy, and filling it with bluedom.
To drive Blue Meanie away, Fred is given command of the Yellow Submarine to go in search of someone who can defeat the Blue Meanie. During his quest, Fred chances upon Ringo, and eventually Paul, John and George, and together they set out on a trippy, time-traveling, phantasmagorical adventure, encountering many strange creatures while trying to find their way back to Pepperland.
The Beatles group had a three-picture deal with United Artists and the first two- A Hard Days Night (1964) and Help! (1965), were worldwide hits.
Sunday, June 17, 2012
ECONOMY PRACTICE QUESTIONS
1. Which of the following bodies finalizes the Five Year Plan proposals?
(a) Planning Commission
(b) Union Cabinet
(c) National Development Council
(d) Ministry of Planning
2. Who among the following is the Chairman of the Planning Commission?
(a) President (b) Speaker of Lok Sabha
(c) Prime Minister (d) Union Minister of Planning
3. The Planning Commission in India was set up in (Stenographer's Exam, 1992)
(a) 1947 (b) 1950
(c) 1951 (d) 1952
4. Planning in India derives its objectives from
(a) Fundamental Rights
(b) Directive Principles of State policy
(c) Fundamental Duties
(d) Preamble
5. The concept of Five Year Plans in India was introduced by
(a) Lord Mountbatten (b) Jawaharlal Nehru
(c) Indira Gandhi (d) Lal Bahadur Shastri
6. National Development Council was set up in
(a) 1948 (b) 1950
(c) 1951 (d) 1952
7. The first attempt to initiate economic planning in India was made by
(a) Balwantrai Mehta (b) Vallabhbhai Patel
(c) M. Visvesvaraya (d) Jawaharlal Nehru
8. The period of the First Five Year plan was from
(a) 1950-51 to 1954-55 (b) 1951-52 to 1955-56 (c) 1952-53 to 1956-57 (d) None of these
9. The mian objective of First Five Year Plan was
(a) Industrial growth
(b) Economic growth
(c) Development of agriculture including irrigation and power projects
(d) Self reliance
10. Which one of the following is the task of the Planning Commission? (NJ0.A. 1991)
(a) Preparation of the plan (b) Implementation of the plan (c) Financing of the plan (d) Both (a) & (b)
11. Which of the following Five Year Plans was terminated one year before its completion?
(a) Second (b) Third
(c) Fourth (d) Fifth
12. Economic Planning is a subject (Assistant Grade, 1991)
(a) In the Union List (b) In the State List
(c) In the Concurrent List (d) Unspecified in any special list
13. Which of the following are not members of the National Development Council?
(a) The Prime Minister (b) the President
(c) Chief Ministers of states (d) Members of the Planning Commission
14. The Second Five Year Plan laid more stress upon
(a) Agriculture ' (b) Industrialization (c) Removing poverty (d) Self reliance
15. Attainment of economic self reliance and removal of poverty were the main objectives of
(a) First Five Year Plan (b) Fourth Five Year Plan (c) Fifth Five Year Plan (d) Sixth Five Year Plan
16. For internal financing of Five Year Plans, the government depends on (NJ)A. 1991)
(a) Taxation only
(b) Taxation and public borrowing
(c) Public borrowing and deficit financing
(d) Taxation, public borrowing & deficit financing
17. In which of the Five Year Plans, preference was given to the weaker sections of the society?
(a) Second (b) Third
(c) Fourth (d) Fifth
18. The Eighth Five Year Plan gave priority to (P.C.S. 1994)
(a) Industrial growth
(b) Promotion of exports
(c) Increasing agricultural productivity
(d) Employment generation
19. Which of the following is not true regarding the trends during and after the Seventh Five Year Plan process in India?
(a) During this period, Gross Domestic Product (GNP) grew at an average rate of 5.6% per year.
(b) Food grain production grew by 3.23%.
(c) To reduce unemployment and consequently the Jawahar Rojgar Yojana were initiated.
(d) Major objectives of the plan were to achieve self-reliance and adopt measures for raising consumption standard of people living below the poverty line.
20. The period of which of the following plans recorded the lowest annual growth rate of national income?
(a) Second (b) Third
(c) Fifth (d) Sixth
21. The National Development Council gets its administrative support from
(a) Planning Commission
(b) Finance Commission
(c) Administrative Reforms Commission
(d) Sarkaria Commission
22. The Five Year Plans of India intend to develop the country industrially through (N.D.A.1991)
(a) The public sector
(b) The private sector
(c) The public, private, joint and Cooperative sectors
(d) Increasing collaboration with non resident Indians
23. The Planning Commission is (P.C.S. 1994)
(a) A Ministry (b) A Government department
(c) An Advisory body (d) An Autonomous Corporation
24. During the Eighth Five Year Plan, India registered the highest annual growth rate of
(a) 7.2% (b) 6.8%
(c) 5.6% (d) 4.5%
25. The strategy of rolling plan was adopted during the Prime Ministership of (Railways, 1994)
(a) Lal Bahadur Shastri (b) Indira Gandhi
(c) Morarji Desai (d) Rajiv Gandhi
26. What was the proposed total Public Sector outlay of the Ninth Plan (in crores of rupees)?
(a) 5,80,000 (b) 7,89,000
(c) 8,59,000 (d) 9,98,000
27. Which of the following is not a target of the Tenth Five Year Plan?
(a) Reduction of Poverty ratio by 5% by 2007.
(b) Increase the working efficiency of those public sector enterprises which have been working below capacity since long
(c) Cleaning of all major polluted rivers by 2007
(d) Reduction in the decadal rate of population growth between 2001 and 2011
(e) Increase in literacy to 75% by 2007
28. According to the Tenth Plan targets, the infant mortality rate. (IMR) is to be reduced (by 2007) to (number per 1000 live births)
(a) 65 (b) 55
(c) 45 (d) 35
29. Who among the following authored the book 'Planned Economy for India' in 1934?
(a) D.R. Gadgil (b) M.N. Roy
(c) M. Viswesvaraya (d) V.K.R.V Roy
30. The Planning Commission implemented three Annual Plans instead of Five Year Plans between.
(a) The Third and Fourth Plan
(b) The Fifth and Sixth Plan
(c) The Sixth and Seventh plan
(d) The Seventh and Eighth Plan
31. What is the correct sequence of the following strategies used for Five Year Plans in India?
1. Balanced growth
2. Rehabilitation of the economy
3. Industrial development
(a) 1,3,2 (b) 2,1,3
(c) 2,3,1 (d) 3,2,1
32. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of (N.D.A.1990)
(a) First Five Year Plan (b) Second Five Year Plan
(c) Third Five Year Plan (d) Fourth Five Year Plan
33. Which of the following gives an accurate measurement of economic development through Five Year Plans?
(a) Development of education and health services.
(b) Development of railways and roadways.
(c) Rise in national income and per capita income.
(d) Development of industrial towns and industrial estates.
34. In which year was the Rolling Plan introduced?
(a) 1951-52 (b) 1976-77
(c) 1978-79 (d) 1984-85
35. Eighth Five Year Plan covered the period (Bank P.O.1994)
(a) 1990-95 (b) 1989-94
(c) 1991-96 (d) 1992-97
36. Planning in India as it is at present can be termed as
(a) State Planning (b) Centralized Planning (c) Decentralized Planning (d) Indicative Planning
37. During the Seventh Five Year Plan, which of the following heads of development accounted for the largest outlay of funds?
(a) Energy
(b) Transport
(c) Rural Development and Agriculture
(d) Education, Health and Family Planning
38. out of the following, during which Five Year Plan, was the total expenditure on agriculture the highest?
(a) First Five Year Plan (b) Second Five Year Plan (c) Third Five Year Plan (d) Fourth Five Year Plan
39. A special feature of the Sixth Plan was
(a) Decentralization (b) Area Planning
(c) Bottom to top planning (d) Top to bottom planning
40. The term 'Hindu rate of growth' refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five Year Plans'. The term was coined by (I. Tax & Central Excise, 1991)
(a) J.N. Bhagwati (b) K.N. Raj
(c) Raj Krishna (d) Sukhamoy Chakravarty
41. A re-assessment of the resources of the Centre, States and the Union Territories, has reduced the total Public Sector outlay for the Tenth Five Year Plan from Rs. 15,92,300
(a) Rs 14,57,000 crore (b) Rs 14,86,200 crores (c) Rs 15,25,600 crore (d) Rs 15,77,100 crores
42. The Eighth Plan had proposed to create how many million additional employment opportunities annually? (Bank, P.O. 1992)
(a) 3 to 4 (b) 6 to 7
(c) 8 to 9 (d) 10 to 12
43. Which of the following statements is correct? (G.I.C.A.A.O.1993)
(a) Planning Commission is a constitutional body
(b) The Prime Minister is the Chairman of the Planning Commission.
(c) The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission
(d) The draft plan is prepared by the National Development Council
44. The Gandhian economy was based on the principle of (S.S.C. 2001)
(a) State Control (b) Competition
(c) Trusteeship (d) rural cooperation
45. Economic planning is an essential feature of (C.B.I.1994)
(a) Dual economy (b) Mixed economy
(c) Capitalist economy (d) Socialist economy
46. Which of the following is true? (U.D.C.1995)
(a) Financial planning is more important than physical planning
(b) Physical planning is more important than financial planning
(c) Physical and financial planning are equally important
(d) Physical and financial planning are complementary
47. The main model that formed the basis of the strategy of the Second Five Year Plan was formulated by
(a) V.K. R.V. Rao (b) PC. Mahalonobis
(c) Dr.Gadgil (d) P.R.Brahamandas
48. Which of the following Five Year Plans registered the maximum growth rate? (Railways, 1992)
(a) First Five - Year Plan (b) Second Five - Year Plan
(c) Fourth Five - Year Plan (d) Seventh Five - Year Plan
49. A major shift in the Eighth Five Year Plan from it preceding ones was (Railway, 1995)
(a) The concentration of investment in infrastructural sector
(b) Major investment in agriculture with a view to promoting exports
(c) Major investment in sectors where industrial sickness has been a chronic problem
(d) The significant reduction in public sector outlays
50. The Tenth Five Year Plan has a high target of achieving a GDP growth rat« of (by 2007)
(a) 7 percent (b) 8 percent
(c) 9 percent (d) 9.3 percent
2. (c)
3. (b)
4. (b)
5 (b)
6. (d)
7.(c)
8.(b)
9(c)
10. (a)
11(d)
12. (a)
13.(b)
14(b)
15 (c)
16. (d)
17.(d)
18.(d)
19.(d)
20.(b)
21(a)
22. (c)
23. (c)
24. (b)
25 (c)
26.(c)
27. (b)
28. (c)
29. (c)
30. (a)
31-(c)
32. (b)
33. (c)
34. (c)
35.(d)
36.(b)
37. (a)
38. (d)
39. (b)
40. (c)
41.(c)
42.(c)
43.(b)
44.(c)
45. (d)
46. (d)
47.(b)
48.(d)
49.(b)
50.(b)
(a) Planning Commission
(b) Union Cabinet
(c) National Development Council
(d) Ministry of Planning
2. Who among the following is the Chairman of the Planning Commission?
(a) President (b) Speaker of Lok Sabha
(c) Prime Minister (d) Union Minister of Planning
3. The Planning Commission in India was set up in (Stenographer's Exam, 1992)
(a) 1947 (b) 1950
(c) 1951 (d) 1952
4. Planning in India derives its objectives from
(a) Fundamental Rights
(b) Directive Principles of State policy
(c) Fundamental Duties
(d) Preamble
5. The concept of Five Year Plans in India was introduced by
(a) Lord Mountbatten (b) Jawaharlal Nehru
(c) Indira Gandhi (d) Lal Bahadur Shastri
6. National Development Council was set up in
(a) 1948 (b) 1950
(c) 1951 (d) 1952
7. The first attempt to initiate economic planning in India was made by
(a) Balwantrai Mehta (b) Vallabhbhai Patel
(c) M. Visvesvaraya (d) Jawaharlal Nehru
8. The period of the First Five Year plan was from
(a) 1950-51 to 1954-55 (b) 1951-52 to 1955-56 (c) 1952-53 to 1956-57 (d) None of these
9. The mian objective of First Five Year Plan was
(a) Industrial growth
(b) Economic growth
(c) Development of agriculture including irrigation and power projects
(d) Self reliance
10. Which one of the following is the task of the Planning Commission? (NJ0.A. 1991)
(a) Preparation of the plan (b) Implementation of the plan (c) Financing of the plan (d) Both (a) & (b)
11. Which of the following Five Year Plans was terminated one year before its completion?
(a) Second (b) Third
(c) Fourth (d) Fifth
12. Economic Planning is a subject (Assistant Grade, 1991)
(a) In the Union List (b) In the State List
(c) In the Concurrent List (d) Unspecified in any special list
13. Which of the following are not members of the National Development Council?
(a) The Prime Minister (b) the President
(c) Chief Ministers of states (d) Members of the Planning Commission
14. The Second Five Year Plan laid more stress upon
(a) Agriculture ' (b) Industrialization (c) Removing poverty (d) Self reliance
15. Attainment of economic self reliance and removal of poverty were the main objectives of
(a) First Five Year Plan (b) Fourth Five Year Plan (c) Fifth Five Year Plan (d) Sixth Five Year Plan
16. For internal financing of Five Year Plans, the government depends on (NJ)A. 1991)
(a) Taxation only
(b) Taxation and public borrowing
(c) Public borrowing and deficit financing
(d) Taxation, public borrowing & deficit financing
17. In which of the Five Year Plans, preference was given to the weaker sections of the society?
(a) Second (b) Third
(c) Fourth (d) Fifth
18. The Eighth Five Year Plan gave priority to (P.C.S. 1994)
(a) Industrial growth
(b) Promotion of exports
(c) Increasing agricultural productivity
(d) Employment generation
19. Which of the following is not true regarding the trends during and after the Seventh Five Year Plan process in India?
(a) During this period, Gross Domestic Product (GNP) grew at an average rate of 5.6% per year.
(b) Food grain production grew by 3.23%.
(c) To reduce unemployment and consequently the Jawahar Rojgar Yojana were initiated.
(d) Major objectives of the plan were to achieve self-reliance and adopt measures for raising consumption standard of people living below the poverty line.
20. The period of which of the following plans recorded the lowest annual growth rate of national income?
(a) Second (b) Third
(c) Fifth (d) Sixth
21. The National Development Council gets its administrative support from
(a) Planning Commission
(b) Finance Commission
(c) Administrative Reforms Commission
(d) Sarkaria Commission
22. The Five Year Plans of India intend to develop the country industrially through (N.D.A.1991)
(a) The public sector
(b) The private sector
(c) The public, private, joint and Cooperative sectors
(d) Increasing collaboration with non resident Indians
23. The Planning Commission is (P.C.S. 1994)
(a) A Ministry (b) A Government department
(c) An Advisory body (d) An Autonomous Corporation
24. During the Eighth Five Year Plan, India registered the highest annual growth rate of
(a) 7.2% (b) 6.8%
(c) 5.6% (d) 4.5%
25. The strategy of rolling plan was adopted during the Prime Ministership of (Railways, 1994)
(a) Lal Bahadur Shastri (b) Indira Gandhi
(c) Morarji Desai (d) Rajiv Gandhi
26. What was the proposed total Public Sector outlay of the Ninth Plan (in crores of rupees)?
(a) 5,80,000 (b) 7,89,000
(c) 8,59,000 (d) 9,98,000
27. Which of the following is not a target of the Tenth Five Year Plan?
(a) Reduction of Poverty ratio by 5% by 2007.
(b) Increase the working efficiency of those public sector enterprises which have been working below capacity since long
(c) Cleaning of all major polluted rivers by 2007
(d) Reduction in the decadal rate of population growth between 2001 and 2011
(e) Increase in literacy to 75% by 2007
28. According to the Tenth Plan targets, the infant mortality rate. (IMR) is to be reduced (by 2007) to (number per 1000 live births)
(a) 65 (b) 55
(c) 45 (d) 35
29. Who among the following authored the book 'Planned Economy for India' in 1934?
(a) D.R. Gadgil (b) M.N. Roy
(c) M. Viswesvaraya (d) V.K.R.V Roy
30. The Planning Commission implemented three Annual Plans instead of Five Year Plans between.
(a) The Third and Fourth Plan
(b) The Fifth and Sixth Plan
(c) The Sixth and Seventh plan
(d) The Seventh and Eighth Plan
31. What is the correct sequence of the following strategies used for Five Year Plans in India?
1. Balanced growth
2. Rehabilitation of the economy
3. Industrial development
(a) 1,3,2 (b) 2,1,3
(c) 2,3,1 (d) 3,2,1
32. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of (N.D.A.1990)
(a) First Five Year Plan (b) Second Five Year Plan
(c) Third Five Year Plan (d) Fourth Five Year Plan
33. Which of the following gives an accurate measurement of economic development through Five Year Plans?
(a) Development of education and health services.
(b) Development of railways and roadways.
(c) Rise in national income and per capita income.
(d) Development of industrial towns and industrial estates.
34. In which year was the Rolling Plan introduced?
(a) 1951-52 (b) 1976-77
(c) 1978-79 (d) 1984-85
35. Eighth Five Year Plan covered the period (Bank P.O.1994)
(a) 1990-95 (b) 1989-94
(c) 1991-96 (d) 1992-97
36. Planning in India as it is at present can be termed as
(a) State Planning (b) Centralized Planning (c) Decentralized Planning (d) Indicative Planning
37. During the Seventh Five Year Plan, which of the following heads of development accounted for the largest outlay of funds?
(a) Energy
(b) Transport
(c) Rural Development and Agriculture
(d) Education, Health and Family Planning
38. out of the following, during which Five Year Plan, was the total expenditure on agriculture the highest?
(a) First Five Year Plan (b) Second Five Year Plan (c) Third Five Year Plan (d) Fourth Five Year Plan
39. A special feature of the Sixth Plan was
(a) Decentralization (b) Area Planning
(c) Bottom to top planning (d) Top to bottom planning
40. The term 'Hindu rate of growth' refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five Year Plans'. The term was coined by (I. Tax & Central Excise, 1991)
(a) J.N. Bhagwati (b) K.N. Raj
(c) Raj Krishna (d) Sukhamoy Chakravarty
41. A re-assessment of the resources of the Centre, States and the Union Territories, has reduced the total Public Sector outlay for the Tenth Five Year Plan from Rs. 15,92,300
(a) Rs 14,57,000 crore (b) Rs 14,86,200 crores (c) Rs 15,25,600 crore (d) Rs 15,77,100 crores
42. The Eighth Plan had proposed to create how many million additional employment opportunities annually? (Bank, P.O. 1992)
(a) 3 to 4 (b) 6 to 7
(c) 8 to 9 (d) 10 to 12
43. Which of the following statements is correct? (G.I.C.A.A.O.1993)
(a) Planning Commission is a constitutional body
(b) The Prime Minister is the Chairman of the Planning Commission.
(c) The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission
(d) The draft plan is prepared by the National Development Council
44. The Gandhian economy was based on the principle of (S.S.C. 2001)
(a) State Control (b) Competition
(c) Trusteeship (d) rural cooperation
45. Economic planning is an essential feature of (C.B.I.1994)
(a) Dual economy (b) Mixed economy
(c) Capitalist economy (d) Socialist economy
46. Which of the following is true? (U.D.C.1995)
(a) Financial planning is more important than physical planning
(b) Physical planning is more important than financial planning
(c) Physical and financial planning are equally important
(d) Physical and financial planning are complementary
47. The main model that formed the basis of the strategy of the Second Five Year Plan was formulated by
(a) V.K. R.V. Rao (b) PC. Mahalonobis
(c) Dr.Gadgil (d) P.R.Brahamandas
48. Which of the following Five Year Plans registered the maximum growth rate? (Railways, 1992)
(a) First Five - Year Plan (b) Second Five - Year Plan
(c) Fourth Five - Year Plan (d) Seventh Five - Year Plan
49. A major shift in the Eighth Five Year Plan from it preceding ones was (Railway, 1995)
(a) The concentration of investment in infrastructural sector
(b) Major investment in agriculture with a view to promoting exports
(c) Major investment in sectors where industrial sickness has been a chronic problem
(d) The significant reduction in public sector outlays
50. The Tenth Five Year Plan has a high target of achieving a GDP growth rat« of (by 2007)
(a) 7 percent (b) 8 percent
(c) 9 percent (d) 9.3 percent
ANSWERS
1(c)2. (c)
3. (b)
4. (b)
5 (b)
6. (d)
7.(c)
8.(b)
9(c)
10. (a)
11(d)
12. (a)
13.(b)
14(b)
15 (c)
16. (d)
17.(d)
18.(d)
19.(d)
20.(b)
21(a)
22. (c)
23. (c)
24. (b)
25 (c)
26.(c)
27. (b)
28. (c)
29. (c)
30. (a)
31-(c)
32. (b)
33. (c)
34. (c)
35.(d)
36.(b)
37. (a)
38. (d)
39. (b)
40. (c)
41.(c)
42.(c)
43.(b)
44.(c)
45. (d)
46. (d)
47.(b)
48.(d)
49.(b)
50.(b)
CURRENT AFFAIRS MCQs
1. Microfinance institutions (MFI) were classified as a new
category of non-banking financial company (NBFC) by the Reserve Bank of
India (RBI) in November 2011. Which of the following statements is/are
correct?
I. The margin cap for NBFC-MFIs is fixed at 12 per cent.
II. Interest on individual loans must not exceed 24 per cent per annum
III. Loan processing charges should not exceed one per cent
a) I only
b) I and II only c) II and III only
d) III and I only*
e) I, II and III
2. Only two supercomputers from India have made it to the TOP500 List of the world’s most powerful supercomputers unveiled in November 2011. They are based at which of the following locations?
I. Tata Computational Research LaboratoriesII. Centre for Development of Advanced Computing
III. Indian Institute of Tropical Meteorology
IV. Tata Institute of Fundamental Research
a) I and II
b) I and III*
c) II and III
d) II and IV
e) III and IV
3. Which of the following statements about opening bank accounts for beneficiaries of MGNREGS and other social security schemes is/are correct?
I. RBI has asked banks to ensure opening of Aadhaar-enabled banks accounts
II. Aadhaar identity cards are accepted as valid documents under the Know Your Customer norms for opening bank accounts
III. RBI has said accounts based on the Aadhaar unique national identification number should also be opened for residents of villages with population of less than 2,000 for promoting financial inclusion
a) I only
b) I and II only
c) II and III only
d) III and I only
e) I, II and III*
4. Which of the following has affirmed its ‘BBB- with stable outlook’ credit rating for leading banks such as State Bank of India, HDFC Bank, ICICI Bank and Bank of India in December 2011?
a) Standard & Poor’s*
b) Moody’s
c) Deloitte
d) DBRS
e) Fitch
5. Insurance companies have to complete a minimum of how many years of functioning for becoming eligible to list on stock markets according to guidelines issued by IRDA in December 2011?
a) 2 years
b) 3 years
c) 5 years
d) 7 years
e) 10 years*
6. The revised Companies Bill, 2011 was cleared by the Union Cabinet on December 1, 2011. Which of the following statements about its features on the status of independent directors (IDs) on company boards is/are correct?
I. IDs will not be liable for legal action in case of malpractices by the companies
II. At least 50 per cent of a company’s board should consist of IDs if the company has executive chairman
III. A person would not be able to hold the directorship in more than 20 companies
a) I only
b) I and II only*
c) II and III only
d) III and I only
e) I, II and III
7. India Telecom 2011 was organised in New Delhi in December 2011. Which of the following statements about targets set by the National Telecom Policy (NTP) is/are correct?
I. Broadband connections available on demand by the year 2015
II. Broadband access to all village Panchayats through optical fibre by the year 2014
III. 100 per cent rural teledensity by 2020
a) I only
b) I and II only
c) II and III only
d) III and I only
e) I, II and III*
8. India was elected Chairman of International ____ Council in December 2011.
a) Tea
b) Sugar*
c) Coffee
d) Spices
e) Rubber
9. Which of the following will be set up by the government to enhance the research and innovation capabilities of the Indian biotech industry?
a) Biotechnology Industry Innovation Forum
b) Biotechnology Industry Regulatory Authority
c) Biotechnology Industry Entrepreneurship Initiative
d) Biotechnology Industry Research Assistance Council*
e) Biotechnology Industry Research & Development Fund
10. Which private sector company is a member of the Afghan Iron and Steel Consortium that has won mining rights for iron ore in Bamiyan province of Afghanistan?
a) JSW Steel
b) Jindal Steel and Power Ltd
c) Monnet Ispat
d) All the above*
e) None of the above
I. The margin cap for NBFC-MFIs is fixed at 12 per cent.
II. Interest on individual loans must not exceed 24 per cent per annum
III. Loan processing charges should not exceed one per cent
a) I only
b) I and II only c) II and III only
d) III and I only*
e) I, II and III
2. Only two supercomputers from India have made it to the TOP500 List of the world’s most powerful supercomputers unveiled in November 2011. They are based at which of the following locations?
I. Tata Computational Research LaboratoriesII. Centre for Development of Advanced Computing
III. Indian Institute of Tropical Meteorology
IV. Tata Institute of Fundamental Research
a) I and II
b) I and III*
c) II and III
d) II and IV
e) III and IV
3. Which of the following statements about opening bank accounts for beneficiaries of MGNREGS and other social security schemes is/are correct?
I. RBI has asked banks to ensure opening of Aadhaar-enabled banks accounts
II. Aadhaar identity cards are accepted as valid documents under the Know Your Customer norms for opening bank accounts
III. RBI has said accounts based on the Aadhaar unique national identification number should also be opened for residents of villages with population of less than 2,000 for promoting financial inclusion
a) I only
b) I and II only
c) II and III only
d) III and I only
e) I, II and III*
4. Which of the following has affirmed its ‘BBB- with stable outlook’ credit rating for leading banks such as State Bank of India, HDFC Bank, ICICI Bank and Bank of India in December 2011?
a) Standard & Poor’s*
b) Moody’s
c) Deloitte
d) DBRS
e) Fitch
5. Insurance companies have to complete a minimum of how many years of functioning for becoming eligible to list on stock markets according to guidelines issued by IRDA in December 2011?
a) 2 years
b) 3 years
c) 5 years
d) 7 years
e) 10 years*
6. The revised Companies Bill, 2011 was cleared by the Union Cabinet on December 1, 2011. Which of the following statements about its features on the status of independent directors (IDs) on company boards is/are correct?
I. IDs will not be liable for legal action in case of malpractices by the companies
II. At least 50 per cent of a company’s board should consist of IDs if the company has executive chairman
III. A person would not be able to hold the directorship in more than 20 companies
a) I only
b) I and II only*
c) II and III only
d) III and I only
e) I, II and III
7. India Telecom 2011 was organised in New Delhi in December 2011. Which of the following statements about targets set by the National Telecom Policy (NTP) is/are correct?
I. Broadband connections available on demand by the year 2015
II. Broadband access to all village Panchayats through optical fibre by the year 2014
III. 100 per cent rural teledensity by 2020
a) I only
b) I and II only
c) II and III only
d) III and I only
e) I, II and III*
8. India was elected Chairman of International ____ Council in December 2011.
a) Tea
b) Sugar*
c) Coffee
d) Spices
e) Rubber
9. Which of the following will be set up by the government to enhance the research and innovation capabilities of the Indian biotech industry?
a) Biotechnology Industry Innovation Forum
b) Biotechnology Industry Regulatory Authority
c) Biotechnology Industry Entrepreneurship Initiative
d) Biotechnology Industry Research Assistance Council*
e) Biotechnology Industry Research & Development Fund
10. Which private sector company is a member of the Afghan Iron and Steel Consortium that has won mining rights for iron ore in Bamiyan province of Afghanistan?
a) JSW Steel
b) Jindal Steel and Power Ltd
c) Monnet Ispat
d) All the above*
e) None of the above
Wednesday, June 13, 2012
Ghazal king Mehdi Hassan passes away
India-born Ghazal
legend Mehdi Hassan, the melodious voice behind evergreen hits like
'Patta patta, boota boota' and 'Kab ke Bichhare', died on June 13
following multiple organ failure at the age of 84.
Hassan
was bestowed with the title of Shahenshah-e-Ghazal (The King of Ghazal
singing) by his fans for infusing a new breath of life in the art form.
Hassan, who had millions of fans in India and Pakistan, had been admitted to the Agha Khan Hospital in the southern port city of Karachi some days ago.
Hassan was born into a family of traditional musicians at Luna village in India's Rajasthan state in 1927. His family migrated to Pakistan at the time of Partition in 1947. Hassan cut back on his performances in the late 1980s due to illness.
Hassan, who last performed in India in 2000, wanted to visit the country again, a dream which remained unfulfilled.
Arif
had even received the visa in April for Hassan's treatment in an Indian
hospital but they could not travel as singer's condition deteriorated.
Considered one of the most successful ghazal singers of Pakistan,
Hassan was trained in classical music by his father Ustad Azeem Khan
and his uncle Ustad Ismail Khan who were both well respected classical
musicians.
He started to perform at a young age and his first concert was on Dhrupad and Kheyal with his elder brother.
Major Incentives in Scholarship Schemes for Minorities
The Prime Minister’s New 15-Point Programme for the Welfare of
Minorities is an initiative of the Government to bring the people of minority
classes in the mainstream of development.
This Programme for the
Welfare of Minorities was announced in June, 2006 under the Ministry of
Minority Affairs to ensure a more focused approach towards issues relating to
the minorities. The purpose was to facilitate the formulation of overall policy
and planning, coordination, evaluation and review of the regulatory framework
and development programmes for the benefit of the minority communities.
An important aim of the new programme is to ensure that the benefits
of various government schemes for the underprivileged reach the disadvantaged
sections of the minority communities. In order to ensure that the benefits of
these schemes flow equitably to the minorities, the new programme envisages
location of a certain proportion of development projects in minority
concentration areas. It also provides that, wherever possible, 15 percent of
targets and outlays under various schemes should be earmarked for the
minorities.
The objectives of the programme are: Enhancing opportunities for
education; Ensuring an equitable share for minorities in economic activities
and employment, through existing and new schemes; enhanced credit support for
self-employment and recruitment to State and Central Government jobs; Improving
the living conditions of minorities by ensuring an appropriate share for them
in infrastructure development schemes; and Prevention and control of communal
disharmony and violence.
Muslims, Sikhs, Christians, Buddhists and Zoroastrians (Parsis) have
been notified as minority communities under Section 2 (c) of the National
Commission for Minorities Act, 1992.
Scholarship Schemes for Students of Minority Communities
Three scholarship schemes for minority communities namely,
pre-matric scholarship from class-I to X, post-matric scholarship from class XI
to PhD and merit-cum-means scholarship for technical and professional courses
at under-graduate and post-graduate levels have been launched. It is felt that
the scholarship will encourage parents from minority communities for educating
their children. The scheme will form the foundation for their educational
attainment and provide a level playing field in the competitive employment
arena. Empowerment through education, which is one of the objectives of this
scheme, has the potential to lead to upliftment of the socio economic
conditions of the minority communities.
Scholarships are awarded to the students who have secured not less
than 50 percent marks in the previous final examination and annual income of
their parents/guardian from all sources does not exceed Rs 1 lakh and 2 lakh
for school and higher education respectively. 30 percent of scholarships are
earmarked for girl students. In case sufficient number of eligible girl
students is not available, then the balance earmarked scholarships may be
awarded to eligible boy students. As the number of scholarships for minorities
available in a year is fixed and limited it is necessary to lay down preference
for selection giving weightage to poverty rather than marks.
Another scheme of merit-cum-means based scholarship to students
belonging to minority communities is to enable them to pursue professional and
technical courses. Every year 20000 scholarships are distributed among the
students of minority communities throughout the country.
Online Scholarship Management System (OSMS)
An Online Scholarship Management System (OSMS) for merit-cum-means
based
scholarship scheme
has been introduced as a pilot project from the current financial year i.e.
2011-12 through the website of the Ministry of Minority Affairs
www.minorityaffairs.gov.in. Students may apply online. For this they should
visit the website through URL www.momascholarship.gov.in. The OSMS has proved
to be useful, both from the user and the stakeholder point of view. This is the
first time that in a Government Scholarship Scheme such a system has been
introduced.
Significant Achievements in Minority Affairs
In pursuance
with the recommendations of the National Commission for Religious and
Linguistic Minorities (NCRLM), the Government have carved out a sub-quota of
4.5 percent effective from 1st January, 2012 for backward classes of minorities
from out of 27 percent quota of Other Backward Classes (OBCs). This reservation
is available to those minority communities who are included in the Central list
of OBC published by the Ministry of Social Justice & Empowerment from time
to time. The reservation will be for the Central Government jobs and services
and also admissions to Central Government educational institutions.
For educationally empowering minority communities, the Ministry of
Minority Affairs within a short span of four years in the 11th Plan, have
awarded more than One crore scholarships to minorities, out of which 50.34
percent has been awarded to girls students. Among other achievements during the
year 2011-12, 29.23 lakh pre-matric scholarships were awarded of which 53.80
percent went to girl students; 4.38 lakh post-matric scholarships were awarded
of which 55.65 percent went to girl students ; and 29579 Merit-cum- Means
scholarships were awarded of which 38.06 percent went to girl students.
Increased Budget
Union
Budget 2012-13 has provided major incentives for the uplift of students of
minority communities. The outlay for scholarship schemes for the students
belonging to the Minorities has been increased significantly. The Ministry of
Minority Affairs has got an outlay of Rs. 3,135 crore as Central Plan Outlay in
the Union General Budget 2012-13. This is an increase of Rs. 385 crore over the
Revised Budget Estimates for the FY 2011-12 (which stands at Rs. 2,750 crore).
Provision for Pre-Matric Scholarship has been increased from Rs. 540
crore to Rs. 810 crore; Post-Matric
Scholarship gets Rs. 450 crore – up from Rs. 405 crore; Merit-cum-means
Scholarship scheme gets Rs. 198 crore - as against Rs. 126 crore in the Revised
Budget Estimates for the 2011-12. Provision for Maulana Azad National
Fellowship for Minority students has been enhanced from Rs. 47 crore to Rs. 63
crore.
New Initiatives
The Budget 2012-13 also provides Rs. 4.50 crore for a new scheme to
provide free cycles to girl students of class IX with the objective of
retention of minority girl students from class IX onwards.
Another new scheme of Skill Development Initiatives
has been provided Rs. 18 crore in the Budget to allow urban and rural
livelihoods to improve for inclusive growth by providing skill to the Minority
communities who do not posses any, to allow them to gain employment.
Rs. 45
crore each have been provided for Scheme for promotion of education in 100
Minority Concentration towns/cities; and Village Development Programme for
1,000 villages not covered under Minority Concentration Blocks/ Minority
Concentration Districts.
The
Ministry of Minority Affairs also gets Rs. 19.70 crore as Non-Plan provision so
that the total finances available with the Ministry for the FY 2012-13 are Rs.
3,154.70 crore.
The Right of Every Child: The Right to Education
The most recent estimates suggest 127 million boys and 88 million
girls are involved in child labour with 74 million
boys and 41 million girls in the worst forms.
National laws or regulations in
countries differ from one to another. Some countries may permit the employment
of 13-15 year olds in light work which is neither prejudicial to school
attendance, nor harmful to a child’s health or development. In yet other
countries children in the ages 12-14 can apply for light work. Still other
countries prescribe a minimum age of 14 for becoming employed.
India’s Latest Approach to Child Labour: 12th Plan
The
strategy for dealing with Child Labour during the 12th Five Year Plan Period
has been formulated based on the suggestions given by the members of the
working group in the two meetings conducted on 27th May and 8th July 2011 The broad highlights of the suggestions are:
·
The Child Labour (Prohibition
and Regulation) Act should be strengthened and amended.
·
The problems of working
children of the migratory families should be addressed. Child labour survey should specifically capture migration of children.
Residential schools should be opened in each Metro and Mega cities and also in
every district.
·
It is important to run
residential schools for rehabilitation of child labour.
·
The NCLP (National Child Labour
Project) Scheme should expand further to a large geographical coverage.
·
Emphasis should be given to the
monitoring and tracking of NCLP school children.
·
The convergence approach should
be followed to enhance social protection and
welfare measures for working children.
·
The NCLP Scheme should be realigned
in the light of Right to Education Act 2009. The teachers of the NCLP Special
schools should be properly trained.
·
Three tier Monitoring Committee
at the District, State and National level should be made for effective
implementation and monitoring of the NCLP Scheme.
The
NCLP Scheme
The
NCLP Scheme (National Child Labour Project), which began with a modest number
of only 12 districts, has been progressively extended to various parts of the
country with the coverage of 271 districts in 21 States of the country. It is
functioning in 18 districts of Tamilnadu also.
There
have been demands from various States for expanding the coverage of NCLP Scheme
to more districts, there is, therefore, a need to expand the Scheme in all the
600 districts in the country.
Right to Education
India’s landmark Right of Children
to Free and Compulsory Education Act (RTE) has been hailed universally as an
essential foundation to ensure that all children are in school and out of child
labour. Education for all was unanimously agreed as a
target towards reaching the goal of elimination of child labour,
in addition to scaling up efforts through poverty reduction, social protection
and building political commitment to tackling child labour.
The 12th
Plan Proposal of the Planning Commission calls for an effective alignment of
the NCLP Scheme with the provisions of the Right of Children to Free and
Compulsory Education (RTE Act, 2009). Accordingly, the NCLP Schools will serve
as Special Training Centre for un-enrolled and out-of-school children in
accordance with the provisions of Section 4 of the RTE Act and Rule 5 of the
Right of Children to Free and Compulsory Education (RTE) Rules, 2010. For this
purpose, all such children will be admitted to a neighborhood school of the State
Government/local authority. After such admission, the children will undergo the
special training for being mainstreamed into the regular school in an age
appropriate class.
World Day Against Child Labour 2012
The
National Commission for Protection of Child Rights (NCPCR) is commemorating
World Day Against Child Labour here on 12 June, 2012.
The theme for this year is- “JUSTICE FOR CHILDREN – END CHILD LABOUR”. The aim
of commemorating this day is to highlight the need to protect the rights of the
child and eliminate child labour and other violations
of fundamental rights of children, in all forms.
The
World Day Against Child Labour was launched by the
International Labour Organization (ILO) in 2002 to generate awareness about the
practice of child labour in different sectors. ILO
estimates that there are 21.8 crore child labourers worldwide. The Government of India’s 2001 census
estimated that 1.27 crore are involved in child labour. This means that about 3.6% of the total labour
force in India is constituted by children! By entering the labour
market prematurely, they are deprived of education and training that can help
to lift them, their families and communities out of a cycle of poverty. As
child labouers they are exposed to physical,
psychological or moral suffering that can cause long term damage to their
lives.
This
year the World Day Against Child Labour will provide a spotlight on the right of all
children to be protected from child labour and from
other violations of fundamental human rights. In 2010 the international
community adopted a Roadmap for achieving elimination of the worst forms of
Child labour by 2016. This document stressed that
child labour is an impediment to children’s rights
and a barrier to development. World Day Against Child
Labour 2012 will highlight the work that needs to be done to make the roadmap a
reality.
Election to the Office of President of India, 2012 (14th Presidential Election)
The term of office
of Smt. Pratibha Devisingh Patil, President of India, ends on 24th
July, 2012. An election to fill the vacancy caused by the expiration of the
term of office of the outgoing President shall need to be completed before the
expiration of her term. The law provides that the notification for election
shall be issued on, or as soon as conveniently may be after, the sixtieth day
before the expiry of term of office of the out going President.
Article 324 of the Constitution read
with the Presidential and Vice –Presidential Elections Act, 1952, and the
Presidential and Vice-Presidential Elections Rules, 1974 vests the
superintendence, direction and control of the conduct of election to the office
of the President of India in the Election Commission of India. The Election
Commission is mandated to ensure that the election to the office of the
President of India, which is the highest elective office in the nation, must be
a free and fair election and the Commission is taking all necessary steps for
discharging its constitutional responsibility.
The President is elected by the members
of the Electoral College consisting of:
(I) elected members
of both Houses of Parliament, and
(II) elected
members of the Legislative Assemblies of all States including National Capital
Territory of Delhi and the Union Territory of Puducherry.
(The nominated members of either
Rajya Sabha and Lok Sabha or Legislative Assemblies of the States are not
eligible to be included in the Electoral College and therefore, they are not
entitled to participate in the election).
The Seven-Judges Bench of the Supreme
Court of India unanimously held in 1974 in the case of Presidential election
that “the Electoral College as mentioned in Article 54 is independent of the
Legislatures mentioned in Article 54. None of the Legislatures mentioned in Article
54 has for the purpose of that Article any separate identity vis-a-vis in the
Electoral College. The Electoral College compendiously indicates a number of
persons, holding the qualifications specified in the Article to constitute the
electorate for the election of the President and to act as independent
electors…”
Article 55 (3) of the Constitution
provides that the election shall be held in accordance with the System of
Proportional Representation by means of single transferable vote and the voting
at such election shall be by secret ballot.
A nomination paper of a candidate has to be subscribed by at least fifty
electors as Proposers and at least fifty electors as Seconders. An elector can
subscribe to only one nomination paper of a candidate as either a Proposer or a
Seconder. The security deposit for the election is Rs. 15,000/- (Rupees fifteen
thousand only), which is required to be made along with the nomination paper.
Obama nominates Indian-American on US Court of Appeals
US President Barack
Obama has nominated Indian-American, Srikanth Srinivasan to a key
judiciary position and termed him as a trailblazer.
In
2007, Srinivasan became a partner with OMelveny & Myers LLP. In
2011, he was named the Chair of the firms Appellate Practice Group. He
was named as the Principal Deputy Solicitor General in August 2011.
Srinivasan
has been nominated to serve on the US Court of Appeals for the District
of Columbia Circuit along with Caitlin Halligan.
"Caitlin
Halligan and Sri Srinivasan are dedicated public servants who will
bring their tremendous experience, intellect, and integrity to the US
Court of Appeals for the District of Columbia Circuit," Obama said.
"This
important court is often called the Nation's second-highest court, and
it stands more than a quarter vacant. Srinivasan will be a trailblazer
and, like Halligan, will serve the court with distinction and
excellence," Obama added.
Born in Chandigarh and brought up in Kansas, Srinivasan is the Principal Deputy Solicitor General of the US.
"He
is a highly-respected appellate advocate who has spent a distinguished
career litigating before the US Supreme Court and the US Courts of
Appeals, both on behalf of the United States and in private practice," the White House said.
Srinivasan
began his legal career by serving as a law clerk for Judge J Harvie
Wilkinson on the US Court of Appeals for the DC Circuit from 1995 to
1996.
He
then spent a year as a Bristow Fellow in the Office of the Solicitor
General before clerking for Justice Sandra Day O'Connor during the
Supreme Court's 1997-98 term.
He was an associate at the law firm of OMelveny & Myers LLP in Washington, DC, from 1998 until 2002. In 2002, he returned to the Solicitor General's Office as an Assistant, representing the US in litigation before the Supreme Court.
Monday, June 11, 2012
Nadal wins 7th French Open title
The man they call “Rafa” won his record seventh French Open title on June 11, returning a day after getting rained out to put the finishing touches on a 6-4, 6-3, 2-6, 7-5 victory over Novak Djokovic, and deny Djokovic in his own quest for history the “Novak Slam.”
The match ended on a Djokovic double-fault, a fittingly awkward ending to a match that had plenty of stops and starts, including a brief delay during the fourth set Monday while what else? a rain shower passed over the stadium.
They waited it out and Nadal finished where he has for seven of the past eight years- Down on the ground, celebrating a title at a place that feels like home. He broke the record he shared with Bjorn Borg and improved to 52-1 at the French Open.
After serving his fourth double fault of the match, Djokovic dropped his head and slumped his shoulders, an emotional two-day adventure complete, and not with the result he wanted.
Nadal won his 11th overall Grand Slam title, tying him with Borg and Rod Laver on the all-time list.
Djokovic failed in his quest to become the first winner of four straight major titles in 43 years.
13th IIFA Awards
The International Indian Film Academy Awards, also known as the IIFA Awards are presented annually by the International Indian Film Academy to honour both artistic and technical excellence of professionals in Bollywood, the Hindi language film industry. Instituted in 2000, the ceremony is held in different countries around the world every year. This award ceremony has been organised by Wizcraft International Entertainment Pvt Ltd – one of India’s premier event management and entertainment agencies - since its inception. The first awards were presented in 2000 at The Millennium Dome in London, United Kingdom. From then on the awards were held at locations around the world signifying the international success of Bollywood. The award ceremonies are held in various places around the world.
The 2012 IIFA Awards, officially the 13th International Indian Film Academy Awards ceremony, presented by the International Indian Film Academy honoring the films of 2011 took place on June 9, 2012, at the Singapore Indoor Stadium in Singapore.
List of Awards:
Best Actor | Ranbir Kapoor (Rock Star) |
Best Actress | Vidya Balan (The Dirty Picture) |
Best Movie | Zindagi Na Milegi Dobra |
Best Director | Zoya Akhtar (Zindagi Na Milegi Dobra) |
Best Story | Zoya Akhtar (Zindagi Na Milegi Dobra) |
Best Supporting Actor | Farhan Akhtar (Zindagi Na Milegi Dobra) |
Best Music Director | AR Rahman (Rock Star) |
Best Female Debutante | |
Best Supporting Actress | Parineeti Chopra (Ladies vs Ricky Bahl) |
Best Male Deutante | Vidyut Jamwal (Force) |
Best Negative Role Actor | Prakash Raj (Singham) |
Best Comic Role Actor | Ritesh Deshmukh (Double Dhamaal) |
Best Male Playback Singer | Mohit Chauhan (Naadan Parindey - Rockstar) |
Best Lyrics | Irshad Kamil (Naadan Parindey-Rockstar) |
Best Female Playback Singer | Shreya Ghosal (Teri Meri - Bodyguard) |
LIV ULLMANN | Honoured for her outstanding contribution to international Cinema |
REKHA | Honoured for her outstanding achievement in Indian Cinema |
RAMESH SIPPY | Honoured for the outstanding contribution to Indian Cinema Award |
Technical awards
Best Action: Jai Singh Nijjar for Singham
Best Special Effects: Red Chillies VFX for Ra.One
Best Choreography: Bosco-Caesar for Senorita from Zindagi Na Milegi Dobara
Best Cinematography: Carlos Catalan for Zindagi Na Milegi Dobara
Best Costume Design: Niharika Khan for The Dirty Picture
Best Dialogue: Rajat Aroraa for The Dirty Picture
Best Editing: Anand Subaya for Zindagi Na Milegi Dobara
Best Makeup: Vikram Gaikwad for The Dirty Picture
Best Production Design: Sabu Cyril for Ra.One
Best Screenplay: Reema Kagti and Zoya Akhtar
Best Sound Re-Recording: Anuj Mathur and Baylon Fonseca for Zindagi Na Milegi Dobara
Best Sound Recording: Resul Pookutty and Amrit Pritam Dutta for Ra.One
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