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NITI Aayog to Launch “Mentor India” Campaign Finance Minister Sh Arun Jaitley Chairs the 17Th Meeting of FSDC

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NITI Aayog to Launch “Mentor India” Campaign Finance Minister Sh Arun Jaitley Chairs the 17Th Meeting of FSDC AUGUST 22, 2017 CURRENT AFFAIRS NITI Aayog to launch “Mentor India” Campaign NITI Aayog will launch the Mentor India Campaign, a strategic nation building initiative to engage leaders who can guide and mentor students at more than 900 Atal Tinkering Labs, established across the country as a part of the Atal Innovation Mission. NATIONAL ● CEO NITI Aayog, Shri Amitabh Kant will unveil the online nationwide NEWS initiative in the capital tomorrow on Wednesday, 23rd August. ● Mentor India is aimed at maximizing the impact of Atal Tinkering Labs, possibly the biggest disruption in formal education globally. ● The idea is to engage leaders who will nurture and guide students in the Atal Tinkering Labs. ● These labs are non-prescriptive by nature, and mentors are expected to be enablers rather than instructors. Finance Minister Sh Arun Jaitley chairs the 17th meeting of FSDC The seventeenth Meeting of the Financial Stability and Development Council (FSDC) was held in New Delhi today under the Chairmanship of the Union Minister of Finance, Shri Arun Jaitley. ● The meeting was attended by Dr. Urjit R. Patel, Governor, RBI; Shri Ashok Lavasa, Finance Secretary, Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs, Ms. Anjuly Chib Duggal, Secretary, Department of Financial Services, Shri Tapan Ray, Secretary, Ministry of Corporate Affairs, Shri Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology, Dr. Arvind Subramanian, Chief Economic Adviser, Shri Ajay Tyagi, Chairman, SEBI; Shri T.S. Vijayan, Chairman, IRDAI; Shri Hemant G Contractor, Chairman, PFRDA; and other NATIONAL senior officers of the Government of India and financial sector regulators. NEWS ● Chief Economic Adviser (CEA) made a presentation on the state of economy. ● The Council noted that India has macroeconomic stability today on the back of improvements in its macro-economic fundamentals, structural reforms with the launch of the Goods and Services Tax (GST), action being taken to address the Twin Balance Sheet (TBS) challenge, extraordinary financial www.toprankers.com Page 1 of 4 https://www.facebook.com/TopRankersPage/ AUGUST 22, 2017 CURRENT AFFAIRS market confidence, reflected in high and rising bond and especially stock valuations and long-term positive consequences of demonetization. ● The Council also discussed the issues and challenges facing the Indian economy and Members agreed on the need to keep constant vigil and be in a state of preparedness of managing any external and internal vulnerabilities. O Panneerselvam Sworn In As Tamil Nadu Deputy Chief Minister Former Tamil Nadu chief minister O. Panneerselvam(OPS) was sworn in as the Deputy Chief Minister at the Raj Bhavan in Chennai, under the merged All India Anna Dravida Munnetra Kazhagam (AIADMK) government in the state, in presence of Governor CV Rao. ● He is also given the additional charge of Finance and Housing Ministry. NATIONAL ● Earlier, in what can be dubbed as a political turnaround in a state that was NEWS embroiled in a political drama till not so long ago, the two warring factions of the AIADMK - one led by Chief Minister E. Palanisamy (EPS) and the other by OPS - announced a merger, citing that "MGR always wanted to see us united, not split." ● The striking part of the merger is that EPS has taken a backseat in the party, declaring OPS as the convenor; EPS will be the co-convenor. McDonald’s terminates franchise agreement in North, East India The long-standing legal tussle between American burger chain McDonald’s Corporation and its estranged Indian partner Vikram Bakshi has further intensified. ● On Monday, McDonald’s India Pvt Ltd (MIPL), the Indian subsidiary of the NATIONAL company, announced termination of its franchise agreements with NEWS Connaught Plaza Restaurants Private Limited (CPRL), which runs 169 restaurants in North and East India. ● It has also asked CPRL to cease from using any of the intellectual properties of McDonald’s at these restaurants within 15 days of the termination notice. www.toprankers.com Page 2 of 4 https://www.facebook.com/TopRankersPage/ AUGUST 22, 2017 CURRENT AFFAIRS ● CPRL is a 50:50 joint venture between McDonald’s India and Bakshi. ● The partners have been mired in a legal tussle since 2013. ● The move comes a month after the National Company Law Tribunal reinstated Bakshi as Managing Director of CPRL. Rafael becomes number 1 Rafael Nadal said his climb back to being world number one for the first time in three years was “unbelievable.” SPORTS ● The latest ATP rankings were released on 21 August. ● The Spaniard, who learned he was going to reclaim the top spot a week ago, was ranked number one last in July 2014. ● Nadal, who won his 15th Grand Slam this year at the Roland Garros, deposes Britain's Andy Murray – who withdrew from tournaments in Montreal and Cincinnati due to a hip injury – from the spot. ● The 31-year-old, who was ranked number one for 141 weeks, has struggled with knee injuries since first clinching the spot in August 2008 after a Cincinnati semi-final run. Shapath Bharadwaj wins bronze at Junior Shotgun World Cup Teenager Shapath Bharadwaj on Sunday won a bronze medal in the double trap event while Lakshay Sheoran and Manisha Keer combined to win a bronze in the mixed team trap competition at the ISSF Junior Shotgun World Cup in Porpetto, Italy. ● The 15-year old Bharadwaj, from Meerut, shot a 48 in the final to finish behind gold-medal winning Briton James Dedman and Finland's Miki SPORTS Ylonen. ● Dedman, in fact, smashed his own junior world record in the event, finishing with a final score of 70, while Miki had 66. ● Shapath had qualified in second place for the final, shooting 131 out of 150. ● Ahvar Rizvi had also shot 124 but went down in the shoot-off to the eventual silver medalist Ylonen 2-1, for the sixth and final qualifying spot. www.toprankers.com Page 3 of 4 https://www.facebook.com/TopRankersPage/ AUGUST 22, 2017 CURRENT AFFAIRS Dharmendra Kumar appointed Director General of RPF CISF ADG Dharmendra Kumar has been appointed as director general of the Railway Protection Force. ● Kumar, who is a 1984 batch IPS officer of Arunachal Pradesh-Goa- Mizoram-Union Territories (AGMUT) cadre, took charge today. ● Before being appointed additional director general (ADG), Central Industrial APPOINTMENT Security Force (CISF), Kumar was serving as special commissioner (Special Unit) in the Delhi Police. ● After the retirement of S K Bhagat in June this year, the additional charge of DG, RPF, was being handled by National Security Guard (NSG) DG, Sudhir Pratap Singh. ● Kumar will retire on September 30, 2018. www.toprankers.com Page 4 of 4 https://www.facebook.com/TopRankersPage/ .
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