1. Sunil Kanoria appointed as President of ASSOCHAM
i. Sunil Kanoria was on 25 November 2015 appointed as the President of
The Associated Chamber of Commerce and Industry of India (ASSOCHAM). Kanoria
has succeeded Rana Kapoor, Yes Bank Managing Director and CEO.
ii. Kanoria has an impeccable record as an expert in the field of
finance. He has been instrumental in bringing over 34000 crore rupees of
consolidated assets under SREI which became one of the first NBFCs to get
listed on the London Stock Exchange.
iii. Kanoria is the Vice Chairman of reputed non-banking finance company
SREI Infrastructure Finance Limited. He is also the joint Managing Director of
SREI BNP Paribas, a joint-venture between SREI Infrastructure Finance Limited
and BNP Paribas Leasing Group, France.
iv. He is currently a council member of the Institute of Chartered
Accountants of India (ICAI) as a nominee of the Union Government. He
conceptualized the brand Quippo, the country's largest infrastructure equipment
rental company.
v. He has been associated with several industry associations -
Construction Industry Development Council (CIDC), Hire Purchase and Lease
Association, Kolkata (HPLA), Merchants' Chamber of Commerce, Kolkata (MCC) and
Federation of Indian Hire Purchase Association (FIHPA).
2. National Milk Day observed in India
i. The National Milk Day (NMD) was on 26 November 2015 observed across
India to mark 94th birth anniversary of the Father of the White Revolution Dr
Verghese Kurien. The idea of observing National Milk Day was first mooted by
Indian Dairy Association (IDA) in 2014 on the lines of World Milk Day that is
observed on 1 June every year under the aegis of UN Food and Agriculture
Organization (FAO).
ii. The first NMD was observed on 26 November 2014 by all Indian diary
sector majors including National Dairy Development Board (NDDB), IDA along with
around 22 state level milk federations.
iii. Dr. Verghese Kurien is also known as the Milkman of India and the
architect of Operation Flood, the idea that transformed India from a
milk-deficit country into the world’s largest milk producer. He founded around
30 institutions of excellence (like AMUL, GCMMF, IRMA, NDDB) which are owned,
managed by farmers and run by professionals.
iv. Kurien was pioneer in establishment and success of the Amul brand of
dairy products. Under his chairmanship, Amul achieved key invention of milk
powder processed from buffalo milk. In 1963, he received Ramon Magsaysay Award
and in 1989, he was named for the World Food Prize by World Food Prize, USA.
3. International Day for the Elimination of
Violence Against Women observed
i. International Day for the Elimination of Violence Against Women was
observed across the world on 25 November 2015. The day is observed to raise
awareness about violence against women and discuss solutions that would work
for women community.
ii. The observance of the International Day for the Elimination of
Violence Against Women will be marked by organisation of an event called Orange
the world: End violence against women and girls across the world.
iii. The event is being organized under the UN Secretary General’s
Campaign called UNiTE to End Violence against Women. As part of the event, 16
Days of Activism against Gender-based Violence Campaign will be held from 25
November 2015 to 10 December 2015 (Human Rights Day).
iv. The 16 Days of Activism Campaign will see coming together of
governments, UN agencies, civil society organizations and individuals from all
countries of the world to step up efforts to end violence against women and
girls.
v. The Day was observed in India by lighting the iconic India Gate in
orange colour, as a part of global Orange the World event. The event was
organised by UN Women Indian along with UNFPA India, UNDP and UN in India as
part of the United Nations global campaign that is set to continue till 10
December, designated as the UNs Human Rights Day.
4. 26th November: Constitution Day
i. The ‘Constitution Day’ of India is being observed on 26th November to
spread awareness of Indian Constitution and its architecture Dr. B R Ambedkar.
ii. On the day in 1949, constitution of India was adopted which came
into force on January 26, 1950 marking the beginning of a new era in the
history of free India.
iii. 2015 Constitution Day is the first edition of this day and part of
year-long nationwide celebrations of 125th birth Anniversary of Dr. B R
Ambedkar, Chairman of the Drafting Committee of Constituent Assembly. Union
Ministry of Social Justice and Empowerment (MSJE) is the nodal Ministry for
celebration of Constitution Day.
iv. It has organised number of activities on the occasion of the first
Constitution Day in order to spread awareness the supreme law of the country
and living document which makes the government system work effectively.
5. India successfully test-fires nuclear-capable
Prithvi-II missile
i. India today successfully test-fired its indigenously developed
nuclear capable Prithvi-II missile, which has a strike range of 350 km, as part
of a user trial by the army. The missile test was carried out from a mobile
launcher from launch complex-3 of the Integrated Test Range (ITR) at Chandipur
near here at 1210 hrs.
ii. The surface-to-surface Prithvi-II missile is capable of carrying 500
kg to 1,000 kg of warheads and is thrusted by liquid propulsion twin engines.
It uses advanced inertial guidance system with manoeuvring trajectory to hit
its target.
iii. The downrange teams on board a ship deployed near the designated
impact point in the Bay of Bengal monitored the terminal events and splashdown,
they said.
iv. Inducted into India’s armed forces in 2003, Prithvi-II, the first
missile to be developed by DRDO under India’s prestigious IGMDP (Integrated
Guided Missile Development Program), is now a proven technology.
v. Such training launches clearly indicate India’s operational readiness
to meet any eventuality and also establishes the reliability of this deterrent
component of the country’s strategic arsenal, they said. The last user trial of
Prithvi-II was successfully conducted on February 19, 2015, from the same test
range in Odisha.
6. Nitish announces liquor ban in Bihar from April
1
i. Bihar will go dry from April 1, 2016, Chief Minister Nitish Kumar.
The Chief Minister made the announcement — a part of his election pledge — at
an official function to mark Prohibition Day here. He said the poorest of the
poor had been consuming liquor, badly hitting their families and their
children’s education.
i. Increasing liquor consumption was also a major cause for domestic
violence, particularly against women, and had contributed to a rise in crimes.
“Women are suffering more than anyone else due to increasing liquor consumption,”
he said.
iii. An official at the Chief Minister’s office said Mr. Kumar took the
decision after a high-level meeting with officials here. In July, Mr. Kumar had
declared that prohibition would be imposed if he retained power in the assembly
elections. Bihar Excise and Prohibition Minister Abdul Jalil Mastan had earlier
said that the state government would soon take steps to impose a liquor ban.
iv. The decision is expected to derail the government’s financial
health. The excise department went into an overdrive in 2007 following a new
policy and started issuing licences for marketing liquor across the state. The
revenue collection of excise department registered a more than 10-fold jump,
from Rs.319 crore in 2005-06 to Rs.3,650 crore in 2014-15.
7. ISB to host Angel Summit in Hyderabad on Nov 28
i. Angel Hub is holding the first edition of The Angel Summit at the
Indian School of Business (ISB) campus in Hyderabad on November 28. The
day-long meet would have several women entrepreneurs and executives speaking on
their experiences in building enterprises, raising funds and managing the
entities.
ii. “Women from various fields such as business, art, technology and
cinema will discuss issues to foster awareness, inspiration and turn ideas that
matter into action,” Sita Pallacholla, founder and Chief Executive Officer of
The Angel Hub, has said.
iii. About 20 start-ups, mostly founded or managed by women
entrepreneurs, would pitch in their ideas to angel and venture capital funds. A
panel discussion on ‘Be The Captain of Your Own Ship – Rising in Leadership
Roles and Staying On Top’ would focus on the challenges involved in building
businesses and growing up the executive ladder.
8. Ratan Tata invests in Singapore’s data start-up
i. Tata Sons chairman emeritus Ratan Tata has invested an unspecified
amount in Crayon Data, a Singapore-based startup. “Given Tata’s experience and
knowledge of our key focus verticals, we are excited by his validation of our
vision. We hope to tap into his experience as we scale globally and fulfill our
ambitions of mapping the world’s choices,” Crayon co-founder Srikant Sastri
said in a statement from Singapore on Tuesday.
ii. As an alumni of the state-run Indian Institute of Management-Kolkata
(IIM-K), Sastri and Suresh Shankar co-founded Crayon in 2012 and subsequently
raised 10 million Singapore dollars (Rs. 47 crore) from institutional investors
Jungle Ventures and Spring Seeds in first round (series A) funding.
iii. Crayon’s flagship product ‘Maya’ is a personalisation engine that
empowers enterprises to deliver ultra-personalised choices to their consumers.
iv. Maya also facilitates choice delivery for banking, hotel and digital
media verticals. The start-up plans to use the funds for product enhancements
(new versions) of Maya and its geographical expansion in key markets like the
APAC, Britain, Europe and the US.
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