1. Star India bags 5 year broadcast rights for French Open
Country's leading broadcaster Star India announced that it has bagged exclusive broadcasting rights for the next five French Open from 2017 to 2021.
Under this contract, which includes media and digital rights, Star India will become Roland-Garros exclusive media partner for India and the Indian subcontinent (Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka).
Star India will offer extensive coverage of the full 15 days of the tournament, and all of the French Tennis Federation's (FFT) on-ground initiatives in the region.
2. Rahul Johri takes charge as BCCI's first CEO
Former media professional Rahul Johri took charge as the first Chief Executive Officer (CEO) of the Board of Control for Cricket in India, in line with the recommendations of the Supreme Court-appointed Justice R.M. Lodha committee.
Prior to this, Johri was the Asia Pacific's executive vice-president and general manager for South Asia with Discovery Networks.
3. Film stars join Tendulkar as co-owners of Kerala Blasters
A consortium of investors, including Telugu film stars Chiranjeevi and Akkineni Nagarjuna, today joined cricket legend Sachin Tendulkar as co-owners of Indian Super League franchise, Kerala Blasters.
Besides the duo, two other new co-owners are leading film producer Allu Arvind and industrialist and serial entrepreneur Nimmagadda Prasad.
The consortium has purchased stake in Blasters Sports Pvt Ltd, the owners of Kerala Blasters Football Club.
Tendulkar, will continue to be a co-owner of Kerala Blasters holding a significant stake.
4. India a bright spot on global map, growth rate expected to be near 7.5%: OECD
India's growth rate is expected to hover near 7.5% this year as well as next even as many emerging market economies continue to lose momentum.
This "solid" growth led by strong investment is expected to continue, helped by reforms to bolster infrastructure spending and robust demand growth, Parisbased Organisation for Economic Cooperation and Development ( OECD ) said in its Global Economic Outlook .
5. Navin Agarwal appointed NADA chief
Senior IPS officer Navin Agarwal has been appointed chief of National Anti-Doping Agency ( NADA ), working for dope-free sports .
Agarwal is a 1986 batch IPS officer of Jammu and Kashmir cadre.
The Appointments Committee of Cabinet has approved Agarwal's appointment as Chief Executive Officer/Director General of NADA, an order issued by Department of Personnel and Training said.
He has been appointed to the post for five years.
Agarwal is presently working in his cadre state--J-K.
6. To boost start-ups, Raje govt inks pact with SBBJ
The Rajasthan government signed a memorandum of understanding (MoU) with the State Bank of Bikaner and Jaipur (SBBJ) to boost the start-up ecosystem in the state. The MoU was signed between the Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) and SBBJ in presence of Raje, who had last year unveiled the state’s first start-up policy to promote sustainable entrepreneurship. The MoU, believed to be the first of its kind in the country, aims to boost employment generation and creation of skilled jobs in Rajasthan.
The state government hopes the deal will help create a common platform for beneficiaries availing assistance under the various state and Centre-run schemes.
7. Union Cabinet approves setting up of India Post Payments Bank
The Union Cabinet approved setting up of the India Post Payments Bank (IPPB) as a Public Limited Company under the Department of Posts, with 100% Government of India (GOI) equity.
These banks will be established at an expense of 800 crore rupees and rolled out in the entire country in a phased manner.
The IPPB will obtain banking licence from RBI by March 2017 and by September 2017.
India Post Payments Bank (IPPB)
• It will allow all citizens of India, especially the 40% of the country's population that is outside the ambit of formal banking in the country will benefit from this project.
• Its services will be available across the country through 650 payments bank branches, linked post offices and alternative channels riding on modern technology including mobiles, ATMs, PoS/m-PoS devices etc and simple digital payments.
• It will help is furthering the cause of financial inclusion
• It will generate new employment opportunities for skilled banking professionals and will generate opportunities for propagating financial literacy across the country.
• It will create the largest bank in the world in terms of accessibility and in time, will encourage the move towards a less cash economy.
Background
Setting-up of the IPPB to further financial inclusion was one of the budgetary announcements during 2015-16. The Department of Posts had obtained the "in-principle approval" of the RBI in September 2015 to set up the India Post Payments Bank.
The India Post Payments Bank will leverage the Department’s network, reach, and resources to make simple, low-cost, quality financial services easily accessible to customers all over the country.
8. Exchange of terrorist screening information Arrangement between India and USA signed
The authorized governmental agencies of the Government of India and the Government of the United States of America (USA) signed an Arrangement for exchange of terrorist screening information. The Arrangement was signed by the Union Home Secretary, Shri Rajiv Mehrishi and Mr. Richard Verma, Ambassador of the United States of America to India.
As per this Arrangement, both sides shall provide each other access to terrorism screening information through the designated contact points, subject to domestic laws and regulations.
The Arrangement would enhance the counter terrorism cooperation between India and USA.
9. 2 Indian-Origin Women In Forbes' Self-Made American Women List
Two Indian-origin women have featured on the Forbes' annual list of America's 60 wealthiest and most successful self-made women entrepreneurs who have "crashed ceilings through invention and innovation".
India-born Neerja Sethi, who co-founded IT consulting and outsourcing firm Syntel with her husband Bharat Desai, is ranked 16th on 'America's Richest Self-made Women' list while president and CEO of Arista Networks Jayshree Ullal (55) is ranked 30th.
According to Forbes, the richest self-made woman in America is Diane Hendricks, the owner of ABC Supply, the largest wholesale distributor of roofing and siding in the country. Hendricks is now worth USD 4.9 billion, USD 1.2 billion more than last year when she was ranked second.
The second annual tally of America's wealthiest, most successful self-made women includes 60 trailblazers -- 10 more than last year.
The 60 women, who are worth a combined USD 53 billion, have created some of the nation's best known brands such as Gap and Spanx, while a number of them have also helped build some of the most successful companies in tech, including Facebook, eBay and Google.
Ms Sethi (61) has a net worth of USD 1.1 billion. Her company employs more than 25,000 people and boasts a recent market capof USD 3.6 billion.
She is currently the vice president of corporate affairs, a role she has had since the company's inception. She also sits on the board of directors alongside her husband, who remains the chairman.
Born in London, raised in New Delhi, Ullal has a net worth of USD 470 million. She became president and CEO of Arista Networks in 2008, when it had no revenues and fewer than 50 employees. The company reported USD 838 million in revenue in 2015, after going public in June 2014.
Country's leading broadcaster Star India announced that it has bagged exclusive broadcasting rights for the next five French Open from 2017 to 2021.
Under this contract, which includes media and digital rights, Star India will become Roland-Garros exclusive media partner for India and the Indian subcontinent (Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka).
Star India will offer extensive coverage of the full 15 days of the tournament, and all of the French Tennis Federation's (FFT) on-ground initiatives in the region.
2. Rahul Johri takes charge as BCCI's first CEO
Former media professional Rahul Johri took charge as the first Chief Executive Officer (CEO) of the Board of Control for Cricket in India, in line with the recommendations of the Supreme Court-appointed Justice R.M. Lodha committee.
Prior to this, Johri was the Asia Pacific's executive vice-president and general manager for South Asia with Discovery Networks.
3. Film stars join Tendulkar as co-owners of Kerala Blasters
A consortium of investors, including Telugu film stars Chiranjeevi and Akkineni Nagarjuna, today joined cricket legend Sachin Tendulkar as co-owners of Indian Super League franchise, Kerala Blasters.
Besides the duo, two other new co-owners are leading film producer Allu Arvind and industrialist and serial entrepreneur Nimmagadda Prasad.
The consortium has purchased stake in Blasters Sports Pvt Ltd, the owners of Kerala Blasters Football Club.
Tendulkar, will continue to be a co-owner of Kerala Blasters holding a significant stake.
4. India a bright spot on global map, growth rate expected to be near 7.5%: OECD
India's growth rate is expected to hover near 7.5% this year as well as next even as many emerging market economies continue to lose momentum.
This "solid" growth led by strong investment is expected to continue, helped by reforms to bolster infrastructure spending and robust demand growth, Parisbased Organisation for Economic Cooperation and Development ( OECD ) said in its Global Economic Outlook .
5. Navin Agarwal appointed NADA chief
Senior IPS officer Navin Agarwal has been appointed chief of National Anti-Doping Agency ( NADA ), working for dope-free sports .
Agarwal is a 1986 batch IPS officer of Jammu and Kashmir cadre.
The Appointments Committee of Cabinet has approved Agarwal's appointment as Chief Executive Officer/Director General of NADA, an order issued by Department of Personnel and Training said.
He has been appointed to the post for five years.
Agarwal is presently working in his cadre state--J-K.
6. To boost start-ups, Raje govt inks pact with SBBJ
The Rajasthan government signed a memorandum of understanding (MoU) with the State Bank of Bikaner and Jaipur (SBBJ) to boost the start-up ecosystem in the state. The MoU was signed between the Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) and SBBJ in presence of Raje, who had last year unveiled the state’s first start-up policy to promote sustainable entrepreneurship. The MoU, believed to be the first of its kind in the country, aims to boost employment generation and creation of skilled jobs in Rajasthan.
The state government hopes the deal will help create a common platform for beneficiaries availing assistance under the various state and Centre-run schemes.
7. Union Cabinet approves setting up of India Post Payments Bank
The Union Cabinet approved setting up of the India Post Payments Bank (IPPB) as a Public Limited Company under the Department of Posts, with 100% Government of India (GOI) equity.
These banks will be established at an expense of 800 crore rupees and rolled out in the entire country in a phased manner.
The IPPB will obtain banking licence from RBI by March 2017 and by September 2017.
India Post Payments Bank (IPPB)
• It will allow all citizens of India, especially the 40% of the country's population that is outside the ambit of formal banking in the country will benefit from this project.
• Its services will be available across the country through 650 payments bank branches, linked post offices and alternative channels riding on modern technology including mobiles, ATMs, PoS/m-PoS devices etc and simple digital payments.
• It will help is furthering the cause of financial inclusion
• It will generate new employment opportunities for skilled banking professionals and will generate opportunities for propagating financial literacy across the country.
• It will create the largest bank in the world in terms of accessibility and in time, will encourage the move towards a less cash economy.
Background
Setting-up of the IPPB to further financial inclusion was one of the budgetary announcements during 2015-16. The Department of Posts had obtained the "in-principle approval" of the RBI in September 2015 to set up the India Post Payments Bank.
The India Post Payments Bank will leverage the Department’s network, reach, and resources to make simple, low-cost, quality financial services easily accessible to customers all over the country.
8. Exchange of terrorist screening information Arrangement between India and USA signed
The authorized governmental agencies of the Government of India and the Government of the United States of America (USA) signed an Arrangement for exchange of terrorist screening information. The Arrangement was signed by the Union Home Secretary, Shri Rajiv Mehrishi and Mr. Richard Verma, Ambassador of the United States of America to India.
As per this Arrangement, both sides shall provide each other access to terrorism screening information through the designated contact points, subject to domestic laws and regulations.
The Arrangement would enhance the counter terrorism cooperation between India and USA.
9. 2 Indian-Origin Women In Forbes' Self-Made American Women List
Two Indian-origin women have featured on the Forbes' annual list of America's 60 wealthiest and most successful self-made women entrepreneurs who have "crashed ceilings through invention and innovation".
India-born Neerja Sethi, who co-founded IT consulting and outsourcing firm Syntel with her husband Bharat Desai, is ranked 16th on 'America's Richest Self-made Women' list while president and CEO of Arista Networks Jayshree Ullal (55) is ranked 30th.
According to Forbes, the richest self-made woman in America is Diane Hendricks, the owner of ABC Supply, the largest wholesale distributor of roofing and siding in the country. Hendricks is now worth USD 4.9 billion, USD 1.2 billion more than last year when she was ranked second.
The second annual tally of America's wealthiest, most successful self-made women includes 60 trailblazers -- 10 more than last year.
The 60 women, who are worth a combined USD 53 billion, have created some of the nation's best known brands such as Gap and Spanx, while a number of them have also helped build some of the most successful companies in tech, including Facebook, eBay and Google.
Ms Sethi (61) has a net worth of USD 1.1 billion. Her company employs more than 25,000 people and boasts a recent market capof USD 3.6 billion.
She is currently the vice president of corporate affairs, a role she has had since the company's inception. She also sits on the board of directors alongside her husband, who remains the chairman.
Born in London, raised in New Delhi, Ullal has a net worth of USD 470 million. She became president and CEO of Arista Networks in 2008, when it had no revenues and fewer than 50 employees. The company reported USD 838 million in revenue in 2015, after going public in June 2014.
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