1. K.V. Chowdary
is new CVC; Vijai Sharma new CIC
i. Former Chairman of the Central Board
of Direct Taxes, K.V. Chowdary, was on Monday, appointed as the new Central
Vigilance Commissioner, while the senior-most Information Commissioner, Vijai
Sharma, is the new Chief Information Commissioner.
ii. A selection panel headed by the
Prime Minister, which includes leader of the principal opposition party, and
senior cabinet ministers selects the CVC, CIC, vigilance commissioners and
information commissioners.
iii. The Central Vigilance Commission
is headed by a CVC and comprises two vigilance commissioners and today’s
appointment constitutes the full Commission.
iv. In the CIC, there are vacancies of
four Information Commissioners. The incumbents are Basant Seth, Yashovardhan
Azad, Sharat Sabharwal, Manjula Prasher, M A Khan Yusufi and Madabhushanam
Sridhar Acharyulu.
2. Yes Bank
reappoints Rana Kapoor as MD
i. Yes Bank’s shareholders have
approved 12 resolutions which included the re-appointment of Rana Kapoor as MD
& CEO of the bank with a majority vote of 99.97%, sans the vote of the
Madhu Kapur family.
ii. In the bank’s annual general
meeting on Saturday, the shareholders also approved through a special
resolution the issuance of non-convertible debentures and bonds up to Rs 10,000
crore and also increased the borrowing limit of the bank to Rs 50,000 crore
from Rs 30,000 crore currently.
iii. The bank got a majority vote to
increase the combined foreign portfolio investors (FPI) and foreign
institutional investors investment (FII) limits to 74% of the paid-up capital
of the bank.
iv. Shareholders also re-appointed M R
Srinivasan as non-executive non-independent director (previously the chairman
of Yes Bank) with a majority vote. Also, Diwan Arun Nanda and Ajay Vohra have
been appointed as independent directors.
3. Federal Bank
slashes base rate by 25 bps to 9.95%
i. Federal Bank today cut the base
rate, or the minimum lending rate, by 0.25 per cent to 9.95 per cent.
ii. The new rates will be effective
from June 18, 2015.
iii. Soon after RBI's second bi-monthly
policy review for 2015-16 on June 2, a number of banks, including largest
public sector lender SBI, have cut the minimum lending rates.
iv. Among others, Allahabad Bank, Dena
Bank, Punjab National Bank, Central Bank of India and Syndicate Bank have
announced cut in base rates.
4. IOC to invest
Rs 15,000 crore to raise Panipat refinery capacity
i. Indian Oil Corp, nation's largest
oil firm, plans to invest about Rs 15,000 crore in raising capacity at its
Panipat refinery in Haryana by 34% to 20.2 million tonnes (MT) by 2020.
ii. IOC owns and operates eight
refineries and has only a few weeks back added ninth refinery at Paradip in
Odisha.
iii. Its eight refineries have a
cumulative refining capacity of 54.2 MT of crude oil and addition of 15 MT at
Paradip refinery has helped it regain the top refiner slot in the country.
iv. Essar Oil is the only other private
refiner having a 20 MT a year unit at Vadinar in Gujarat.
v. Panipat Refinery was commissioned in
1998 with a capacity of six MT per annum. The refining capacity was doubled to
12 MT in 2006 and then raised by a further three MT to 15 MT in 2010.
5. Deutsche Bank
makes John Cryan CEO after co-CEOs Anshu Jain, Juergen Fitschen quit
i. Deutsche Bank appointed John Cryan
as its new CEO on Sunday after co-chief executives Anshu Jain and Juergen
Fitschen resigned following criticism from investors.
ii. John Cryan, 54, has been on the
bank’s supervisory board since 2013 and was a former chief financial officer of
UBS. He will replace Anshu Jain from July 1 and become the sole CEO when
Juergen Fitschen steps down next year, the bank said.
iii. Making Anshu Jain directly
responsible for cutting Deutsche Bank’s costs by 4.7 billion euros ($5.2
billion), selling its Postbank retail business and paring back its investment
bank put huge pressure on the former trader.
6. SpiceJet signs
deal to sell tickets to waitlisted railway travellers
i. IRCTC's public relations officer Sandip
Dutta explained that the Railways have entered the tie-up with SpiceJet and Go
Air.
ii. It enables a train traveller whose
ticket is wait-listed to cancel the train ticket and instead get on to a flight
of either airline by paying some incremental fee.
iii. There are no fixed sectors to
which the scheme applies, no fixed number of tickets either airline must make
available to IRCTC and no fixed rates.
iv. This scheme only applies to tickets
booked at least three days prior to the date of the journey, these train
tickets can only be cancelled on a specific website and flight tickets are available
only for the day of the train journey or a day prior to it.
v. SpiceJet promoter Ajay Singh pointed
out that this tie-up is promising for the airline and he expects
"significant" passenger volumes to be generated through this scheme.
7. Stan Wawrinka
stuns Novak Djokovic and Serena Williams wins French Open after beating Lucie
Safarova in final
i. Williams emerged with a 20th grand
slam title thanks to a 6-3, 6-7 (2-7), 6-2 victory over the Czech Lucie
Safarova.
ii. The American is now two short of
Steffi Graf, the open era leader, and four off Margaret Court, the all-time
leader
iii. Her win over Safarova was her
fifth three-set victory of a tournament that was a struggle almost from day
one.
iv. Stan Wawrinka played magnificently
in a 4-6 6-4 6-3 6-4 victory at Roland Garros.
v. Wawrinka, 30, brought an end to
Djokovic's 28-match winning streak as he claimed his second Grand Slam title.
vi. The victory makes him only the
second Swiss to win at Roland Garros after Roger Federer, the man he beat in
the quarter-finals.
8. Tintu Luka
finally strikes gold as India finishes 3rd at Asian Athletics Championships
i. Tintu Luka bagged her maiden gold in
a major international event by winning the women's 800m finals as India
finished with five medals on the final day of competitions to sign off third in
the 21st Asian Athletics Championships here today.
ii. India secured a medal haul of 4
gold, 5 silver and 4 bronze in the championships to finish third behind China
(15, 13, 13) and Qatar (7, 2, 1). Japan (4, 3, 11) and Bahrain (3, 3, 2)
finished fourth and fifth respectively.
iii. This was India's best finish after
2007 in Amman, Jordan where the country was placed second.
National record holder Luka clocked her
season's best timing of 2:01.53 to clinch the gold at Wuhan Sports Center.
iv. This was 26-year-old Luka's first
individual title in a major international event after breaking into the scene
in 2008-09 with a lot of promise under the tutelage of the legendary P T Usha.
No comments:
Post a Comment