Mohammad Mustafa took charge as Chairman and Managing Director of SIDBI
Small Industries development Bank of India (Sidbi) has appointed Mohammad Mustafa as the chairman and managing director announced on 28th of Aug 2017.
Mustafa, a 1995 batch IAS officer of Uttar Pradesh cadre, is at present Joint Secretary in Department of Financial Services.
The Appointments Committee of the cabinet has approved his appointment to the post for three years.
Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on 2nd April 1990
The purpose is to provide refinance facilities and short term lending to industries.
It is headquartered in Lucknow.
Presently Shri Ajay Kumar Kapur and Shri Manoj Mittal are the Deputy Managing Director of the organisation.
BSE board approves another 5-year term for Ashish Chauhan as CEO
BSE, a top stock exchange’s board has approved another five-year term for its chief Ashish Chauhan.
Ashish Chauhan was joined in BSE as deputy chief executive officer (CEO) in 2009.He became MD and CEO for a period of five years with effect from November 2, 2012.
The board approved re-appointment of Ashishkumar Chauhan as BSE’s Managing Director and CEO for an another period of five years from November 2, 2017, to November 1, 2022.
He is known for introduction of mobile trading, online real-time surveillance systems and for launching several new products across various market segments such as SMEs, currencies, mutual funds and corporate bonds.
Ahmed Khan dead at 90
Ahmed Khan, a member of India’s gold winning football team at the first Asian Games in 1951, passed away. He was 91.
Khan represented India in two Olympic Games — 1948 in London and 1952 in Helsinki Finland apart from two Asian Games in Delhi and 1954 in Manila.
Khan, who played as a striker represented India in 11 matches and made his debut against France in the London Olympics.
He was also a member of the victorious back to back Quadrangular Trophy winning Indian squad in 1953 and 1954.
Khan was also known for being an East Bengal legend and was a part of the famous ‘Pancha Pandavas’ of red and gold.
He played for East Bengal from 1949 to 1959 and captained the club in 1954.
He won the IFA Shield four times; the Calcutta League, the Durand Cup and the DCM Trophy thrice each; and Rovers Cup, the PK Nair Gold Cup and the HK Mookherjee Shield once each.
- Dalveer Bhandari was served in the supreme court of India.
- In April 2012 he elected as a judge representing India at the International Court of Justice (ICJ).
- International Court of Justice is nothing but the principal legal organ of the united nation.
- Justice Dalveer Bhandari has been re-nominated for that post by India.
- He will serve for a term of 9 years at ICJ.
Arvind Panagariya quits NITI Aayog.
Arvind Panagariya has stepped down as Vice-Chairman of the government think tank NITI Aayog.
Arvind Panagariya (born September 30, 1952 )
- Indian-American economist and a professor of economics at Columbia University, who has been serving as vice-chairman of the government of India think-tank NITI Aayog from January 2015.
- Panagariya holds a Ph.D in Economics from Princeton University and has also worked for the World Bank, the International Monetary Fund, the World Trade Organisation, and the United Nations Conference on Trade and Development in various capacities
- Panagariya is also heading analysing the data of the Socio Economic and Caste Census 2011.
- Panagariya said India’s gross domestic product (GDP) could rise to about $8 trillion over the next 15 years if the country registers an economic growth of 8% annually.
NITI Aayog:( 1 January 2015)
- National Institution for Transforming India, is a Government of India policy think-tank established by the BJP government to replace the Planning Commission, which followed the top-down model.
- To foster involvement and participation in the economic policy-making process by the State Governments of India, emphasizing bottom-up in pursuit of cooperative federalism
- The Prime Minister as the Chairperson (Ex-officio ) A Governing Council composed of Chief Ministers of all the States and Union territories with Legislatures and lieutenant governor of Andaman and Nicobar. Regional Councils composed of Chief Ministers of States and Lt. Governors of Union Territories in the region to address specific issues and contingencies impacting more than one state or a region.
- Full-time organizational framework composed of a Vice-Chairperson, three full-time members, two part-time members (from leading universities, research organizations and other relevant institutions in an ex-officio capacity), four ex-officio members of the Union Council of Ministers, a Chief Executive Officer (with the rank of Secretary to the Government of India) who looks after administration, and a secretariat.
- Experts and specialists in various fields.