1. President Mukherjee presents SCOPE meritorious awards
i.) President Pranab Mukherjee on Wednesday presented the Standing Conference of Public
ii.) President complimented SCOPE for its initiative in instituting the SCOPE Meritorious Awards with the objective of identifying and recognizing outstanding performers in various segments of business activity.
iii.) He also complimented the Department of Public Enterprises (DPE) and Standing Conference of Public Enterprises (SCOPE) for organizing the event which provides recognition to the efforts being made by CPSEs in a variety of areas.
2. Hindustan Zinc’s Akhilesh Joshi appointed International Zinc Association vice-chairman
i.) Hindustan Zinc on said its CEO Akhilesh Joshi has been appointed as the vice-chairman of the Brussels-based International Zinc Association.
“A decision in this regard was taken by the Board of IZA in their Annual General Meeting on October 23, 2014. Joshi is the first Indian CEO to be appointed as Vice Chairman of IZA,” country’s largest zinc producing firm said in a statement.
iii.) Mr. Joshi has been one of the most influential sectoral strategists. He has also been awarded with National Mineral Award in 2006 by the Government of India.
3. Bhuvneshwar Kumar wins People's Choice Award
i.) Indian fast bowler Bhuvneshwar Kumar was today declared winner of the LG People's Choice Award as he pipped South African paceman Dale Steyn and Australia's Mitchell Johnson in the voting by the fans.
ii.) England women's captain Charlotte Edwards and Sri Lanka captain Angelo Mathews were also among the nominees.
iii.) Bhuvneshwar is only the fourth cricketer and third Indian to win the coveted prize after Sachin Tendulkar (2010) and India captain Mahendra Singh Dhoni, who won it last ..
4. Cut in repo rate unlikely to boost investments: Crisil report
i.) The recent slowdown in the economy is on account of policy uncertainty and sluggish domestic demand, and a cut in repo rate is unlikely to spur investments, a Crisil report has said.
ii.) Factors behind the recent slowdown in economic growth and investment in the country have little to do with high interest rates. The primary reason is a sharp fall in the expected return on investments due to policy uncertainty and slowing domestic demand," rating agency Crisil said in a report ..
iii.) Retail inflation or CPI eased to 6.46 per cent in September, lowest since January 2012, from 7.73 per cent in August.
iv.) The monetary policy tool of cutting the interest rate is conventionally used to energise a flagging economy, it does not hold true under all circumstances, the report said.
5. NDA govt open to selling loss-making PSUs, says Arun Jaitley
i.) India is open to privatisation of certain loss-making state-owned companies, finance minister Arun Jaitley said on Wednesday, promising more initiatives soon including reforms in the mineral sector along the lines of the recently announced coal block auction plans.
ii.) The government also plans to open railways further to private investment, ease restrictive land purchase rules, relax labour laws and raise the foreign investment ceiling for insurance companies, Jaitley said.
iii.) Jaitley told delegates at the India Economic Summit organised by the World Economic Forum and industry body Confederation of Indian Industry (CII) in the Capital.
6. India to develop Iran's Chabahar port
i.) India plans to develop Iran's Chabahar Port in about 18 months and use it for import commodities like urea.
ii.) We are setting up a port in Chabahar, Iran... We will complete the port in about one-and-a-half years,Road Transport and Shipping Minister Nitin Gadkari said.
iii.) The port will be used to ship crude oil and urea, saving the country in transportation cost. The port of Chabahar in southeast Iran is central to India's efforts to open up a route to landlocked Afghanistan circumventing Pakistan.
7. 17 Indian firms invited to join league of 'Global Growth Companies'
i.) Seventeen "fastest growing" Indian companies, including Avesthagen and Flipkart, have been
ii.) The selected companies are: 4G Identity Solutions, ANI Technologies, Avesthagen, Bandhan Financial Services, Centum ElectronicsBSE -1.61 %, Finolex, Flipkart, Forbes Marshall, InterGlobe Enterprises, Justdial, MakeMyTrip, Nash Industries, Persistent SystemsBSE -1.50 %, Radikal Foo ..
8. Anita Kapur is new CBDT Chairperson
i.) Senior IRS officer Anita Kapur has been appointed as the new chairperson of the Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department. Kapur, a 1978-batch officer of the Income Tax cadre, was till now serving as Member (Legislation and Computerisation and Income Tax) in the CBDT.
ii.) She took over the top charge after her appointment was made by the government as incumbent CBDT Chairman K V Chowdary retired on October 31, a senior official said.
iii.) Chowdary was later appointed as an Advisor to the Special Investigation Team (SIT) on blackmoney headed by retired Supreme Court Judge M B Shah.
iv.) Kapur will be in office till November next year. With no new appointments being made in this apex board in the recent past, the CBDT at present has a vacancy of five members.
9. India, Russia hold talks; Sistema, Vladimir Putin's visit discussed
i.) India and Russia today discussed ways to enhance cooperation in key areas of energy and trade, as
ii.) During the 20th meeting of the India-Russia Inter- Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC), co-chaired by External Affairs Sushma Swaraj and Russian Deputy Prime Minister Dmitry Rogozin, the two sides also talked about Russian President Vladimir Putin's visit in early December.
iii.) During his visit, Putin will hold a summit meeting with Prime Minister Narendra Modi. The Commission reviewed the progress on a broad spectrum of bilateral issues including trade, economic, scientific, technological and cultural cooperation and suggested actions for realising the full potential of this important relationship.
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