1. NATO appoints first woman as deputy head
The North Atlantic Treaty Organization (NATO) appointed Rose Gottemoeller as deputy head of the US-led alliance.
She will be the first woman to hold this post.
2. TataCLiQ.com signs up 12 global brands to sell on its platform
Tata group's e-commerce venture TataCLiQ.com said it has partnered with 12 international brands,including New Look, Oasis, Lipsy London, Phase Eight, Hawes & Curtis, to sell on its platform.
These brands will offer exclusive range of products that will be made available on TataCLiQ.com. Over the next year, it will expand its portfolio to include over a hundred international brands to its kitty, the company said in a statement.
3. IRCTC signs pact with Defence Food Research Lab
Seeking to upgrade its catering operations, Indian Railway Catering and Tourism Corporation (IRCTC) signed an agreement with the Defence Food Research Laboratory (DFRL) here for transfer of technology in food and beverage processing and packaging.
Under the agreement, DFRL, a Defence Ministry establishment under Defence Research and Development Organisation (DRDO), will transfer the technical knowhow and testing for quality assurance to IRCTCs ready-to- eat packaged food for the rail travellers.
4. Sujoy Bose appointed as new CEO of NIIF
The finance ministry said that Sujoy Bose has been appointed as the chief executive officer (CEO) of National Investment and Infrastructure Fund (NIIF) Ltd.
Bose at present is director at Infrastructure and Natural Resources, International Finance Corporation (IFC).
5. Govt. initiates process to frame Monetary Policy Committee under RBI Act
With an aim to curb price hike and maintaining price stability, while keeping in mind the objective of growth, the Reserve Bank of India Act, 1934, has been amended by the Finance Act, 2016.
The act aims to provide for a statutory and institutionalized framework for a Monetary Policy Committee (MPC), which will be based on the approach to add lot of value and transparency to monetary policy decisions.
Out of the six members of the MPC, three will be from the RBI, including the Governor, who will be the ex-officio chairperson, the Deputy Governor, RBI, and one officer of the apex bank. The other three members of the MPC will be appointed by the Central Government on the recommendations of a Search-cum- Selection Committee, which will be headed by the Cabinet Secretary. These three members of the MPC will be experts in the field of economics or banking or finance or monetary policy. They will be appointed for a period of four years and shall not be eligible for re-appointment.
6. Brazil to host 2019 Copa America
Brazil has been chosen to host The Copa America 2019, the world's oldest competition among national soccer teams.
Brazil last hosted the tournament in 1989, winning the trophy, South American Soccer Federation, or Conmebol, president Alejandro Dominguez said.
This will be the fifth time that the Copa America is played in Brazil, which hosted the event in 1919, 1922, 1949 and 1989.
7. India ranked 105th out of 130 countries on global human capital index
India was ranked low at 105th position globally on a worldwide Human Capital Index, which measures countries’ ability to nurture, develop and deploy talent for economic growth and was topped by Finland.
India ranks much below China’s 71st position while Bangladesh, Bhutan and Sri Lanka are also placed higher on the index released today by Geneva-based World Economic Forum (WEF) in this Chinese city at its Annual Meeting of New Champions — also known as ‘Summer Davos’ summit.
Pakistan ranks further lower at 118th place.
Giving India 105th rank out of the total 130 countries included in the index, WEF said the country has optimised just 57 per cent of its human capital endowment — placing it in the top of the bottom quartile of the Index.
India was ranked 100th last year out of total 124 countries included in the 2015 index. On positive side, India has got better rankings on quality of education system (39th), staff training (46th) and ease of finding skilled employees (45th) indicators. This suggests “a primary avenue for improvement for the country consists of expanding access to its numerous learning and employment opportunities”.
8. ACC clears appointment of N S Vishwanathan as Deputy Governor of RBI
A government-appointed panel Appointments Committee of the Cabinet (ACC) has selected N S Vishwanathan as a Reserve Bank of India deputy governor, replacing incumbent H R Khan, NDTV Profit TV and ANI television news agency. N S Vishwanathan was executive director in RBI before his new appointment.
Vishwanathan would succeed Khan, who will retire on July 3.
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