1. Subhash Chandra Garg appointed as World Bank ED
i. Senior IAS officer Subhash Chandra Garg was today appointed as Executive Director (ED) in World Bank.
ii. Garg, a 1983-batch IAS officer of Rajasthan cadre, will have a tenure of three years from the date of assuming charge of the post, said an order issued by the Appointments Committee of Cabinet (ACC).
iii. The Executive Directors are responsible for the conduct of the general operations of the World Bank and exercise all the powers delegated to them by the Boards of Governors. They also select a President who serves as Chairman of the Boards.
iv. They are responsible for International Bank for Reconstruction and Development’s loans, guarantees and policies that impact the World Bank’s general operations among others.
v. The ACC had last month approved the proposal for extension of tenure of M N Prasad, a 1972 batch IAS officer of Bihar cadre (retired), as Executive Director, World Bank till October 31.
2. India signs civil nuclear agreement with Australia
i. India will now be in a position to secure uranium from Australia to meet its energy requirements, with the two countries inking a bilateral civil nuclear agreement on Friday.
ii. The deal was announced by visiting Australian Prime Minister Tony Abbott, after talks with Prime Minister Narendra Modi late on Friday.
iii. This nuclear deal is being considered as a concrete symbol of the bilateral partnership between India and Australia because the pact details say that Australia would provide supply of uranium, production of radio isotopes, nuclear safety and other areas of cooperation to India.
3. Global business leaders gather at WEF, China
i. Global business leaders and politicians have gathered in the northern Chinese city of Tianjin for a meeting of the World Economic Forum.
ii. The Chinese Premier Li Kequiang will open the event. He is likely to downplay slowing growth and instead emphasise the importance of innovation to support a better quality of growth for the world's second largest economy.
4. Justice HL Dattu to be Next Chief Justice of India
i. Justice HL Dattu is all set to be the next Chief Justice of India. The government moved with great speed earlier this week to clear his appointment.
ii. CJI RM Lodha retires on the 27th of this month after which Justice Dattu will have a tenure of more than a year till December 2015.
iii. Justice Dattu joined the apex court as a judge in 2008. Born on December 13, 1950, he enrolled as an advocate in 1975 and began practising in Bangalore.
iv. He dealt in all types of matters, be it civil, criminal, tax or even Constitutional cases. From 1983 onwards he appeared in various capacities before the Karnataka High Court including as government pleader for sales tax department, standing counsel for Income Tax department and later as government advocate.
v. After two CJIs retiring in one year, Justice Dattu's will be a relatively extended tenure. While Justice Sathasivam - now tipped to be appointed as a Governor - retired in April this year, CJI Lodha will be the second top judge hanging his boots.
i. Senior IAS officer Subhash Chandra Garg was today appointed as Executive Director (ED) in World Bank.
ii. Garg, a 1983-batch IAS officer of Rajasthan cadre, will have a tenure of three years from the date of assuming charge of the post, said an order issued by the Appointments Committee of Cabinet (ACC).
iii. The Executive Directors are responsible for the conduct of the general operations of the World Bank and exercise all the powers delegated to them by the Boards of Governors. They also select a President who serves as Chairman of the Boards.
iv. They are responsible for International Bank for Reconstruction and Development’s loans, guarantees and policies that impact the World Bank’s general operations among others.
v. The ACC had last month approved the proposal for extension of tenure of M N Prasad, a 1972 batch IAS officer of Bihar cadre (retired), as Executive Director, World Bank till October 31.
2. India signs civil nuclear agreement with Australia
i. India will now be in a position to secure uranium from Australia to meet its energy requirements, with the two countries inking a bilateral civil nuclear agreement on Friday.
ii. The deal was announced by visiting Australian Prime Minister Tony Abbott, after talks with Prime Minister Narendra Modi late on Friday.
iii. This nuclear deal is being considered as a concrete symbol of the bilateral partnership between India and Australia because the pact details say that Australia would provide supply of uranium, production of radio isotopes, nuclear safety and other areas of cooperation to India.
3. Global business leaders gather at WEF, China
i. Global business leaders and politicians have gathered in the northern Chinese city of Tianjin for a meeting of the World Economic Forum.
ii. The Chinese Premier Li Kequiang will open the event. He is likely to downplay slowing growth and instead emphasise the importance of innovation to support a better quality of growth for the world's second largest economy.
4. Justice HL Dattu to be Next Chief Justice of India
i. Justice HL Dattu is all set to be the next Chief Justice of India. The government moved with great speed earlier this week to clear his appointment.
ii. CJI RM Lodha retires on the 27th of this month after which Justice Dattu will have a tenure of more than a year till December 2015.
iii. Justice Dattu joined the apex court as a judge in 2008. Born on December 13, 1950, he enrolled as an advocate in 1975 and began practising in Bangalore.
iv. He dealt in all types of matters, be it civil, criminal, tax or even Constitutional cases. From 1983 onwards he appeared in various capacities before the Karnataka High Court including as government pleader for sales tax department, standing counsel for Income Tax department and later as government advocate.
v. After two CJIs retiring in one year, Justice Dattu's will be a relatively extended tenure. While Justice Sathasivam - now tipped to be appointed as a Governor - retired in April this year, CJI Lodha will be the second top judge hanging his boots.
