The opening ceremony of the 17th Asian Games is now on at the coastal city of Incheon in South Korea. In the athletes march past, Indian hockey captain Sardar Singh led the country’s contingent. Nepal led the march past. Around 13,000 athletes from 45 nations will be competing in the quadrennial event. For India, 516 athletes will be seen vying for top honours.. A rich cultural heritage of the Korean peninsula will be showcased in tonight’s opening ceremony, before the Games are officially declared open with the lighting of symbolic flame.
Note: Sardar Singh, captain of the men’s hockey team is the Indian contingent flag bearer at 17th Asian Games.
Indonesia will host 2018 Asian Games: OCA The Olympic Council of Asia (OCA) executive board on Friday approved Indonesia as hosts for the 2018 Asian Games which faces a growing battle to find venues because of the cost.The continent’s sports leaders had to find a quick replacement after Vietnam said in April that it could no longer afford to stage the next Asian Games. “Today it has been approved by the EB (executive board) that in 2018 will be the next Asian Games in Jakarta in Indonesia,” said council president Sheikh Ahmad Al- Fahad Al-Sabah.
US President nominates Richard Rahul Verma as next US envoy to India Richard Rahul Verma has been nominated as the next US Ambassador to India, becoming the first Indian-American to be appointed for the top diplomatic position in Delhi. His appointment came days ahead of Prime Minister Narendra Modi’s maiden visit to Washington. Verma’s nomination was announced by President BarackObama late yesterday. The post in US Embassy in New Delhi has been vacant since the resignation of the ambassador Nancy Powell.
RBI proposed to split Chairman and Managing Director (CMD) post of PSU banks. The Reserve Bank of India (RBI) proposed to segregate the post of Chairman and Managing Director (CMD) of Public Sector Undertaking (PSU) banks. It also proposed a separate committee for appointment of directors on the board of PSU banks. These proposals are a part of corporate governance reforms in PSU banks and are based on the recommendations of various committees including the PJ Nayak Committee recommendations.The proposal of RBI may delay the appointments of Chairman in at least ten PSU banks or may bring changes in the top management of the PSU banks. Already top position of 4 PSU banks is lying vacant which are likely to be filled once government finalizes the new norms for appointment of bank chairman.
Note: i. At present, the post of CMD in PSU banks is vested with one person only. As a result CMDs of PSU banks enjoy absolute power and often dominate the board during their tenure.The only exception among the PSU banks is State Bank of India where the top position is commanded by the chairman and there are four managing directors with clearly defined executive roles.
Scotland rejects independence, to remain part of UK Scotland has rejected independence and decided to stay with United Kingdom. In a referendum that threatened to break up 307 years union between them, 55 percent Scottish people polled NO vote and 45 percent yes vote to a simple , Should Scotlandbe an independent country? The ‘Yes’ camp scored four big successes in the cities of Glasgow,West Dunbartonshire, Dundee and North Lanarkshire. But the “No” camp was victorious in 26 of the 32 authorities including the capital Edinburgh. British Prime Minister David Cameron expressed delight on the result of the referendum and said it is time that the people of all parts of the United Kingdom get a fair deal and the country should move forward and united. The outcome was a deep disappointment for the pro- independence movement led by the Scottish first minister, Alex Salmond. Conceding defeat, he said Scotland has by a majority decided not at this stage to become an independent country. The vote is the culmination of campaign that began two years ago. Talks will now begin on devolving more powers to Scotland. Prime Minister David Cameron is set to outline plans for Scotland to have draft legislation on its power on tax, spending and welfare by January.
Centre joins hands with Gates for universal sanitation With the objective of addressing sanitation related health concerns, the Urban Development Ministry and the Bill & Milinda Gates Foundation have agreed on a partnership to promote user friendly toilets to ensure universal sanitation in the country. During a meeting with Urban Development Minister Venkaiah Naidu in New Delhi, Bill Gatesenquired about the government’s sanitation initiatives. Naidu apprised Gates about the government’s initiatives to ensure housing for all by 2022 and that ‘Swachchh Bharat Mission’ would be launched on October 2 this year, under which every household is to be enabled with toilet facility by 2019 . Appreciating India’s focus on improving sanitation in the country, Gates said the Foundation’s core competency is research and technology promotion, and it would like to share them with the government.