CURRENT GK
1.Media Advisor to Former PM P V Narasimha Rao Died :-
Retired IAS officer P V R K Prasad, who was Additional Secretary and Media Advisor to former Prime Minister P V Narasimha Rao, passed away. He was 77.
Prasad, who served as Media Advisor to Narasimha Rao, was a close aide of the former Prime Minister.
Prasad authored several popular books in Telugu, including ‘Naham Kartha’, ‘Asalem Jarigindante’ (Wheels behind the veil), ‘Tirumala Leelamrutham’ and ‘Tirumala Charitamrutam’.
2.PM addresses Young CEOs at the “Champions of Change” initiative organised by NITI Aayog :-
The Prime Minister today interacted with Young CEOs at the “Champions of Change – Transforming India through G2B partnership” initiative organised by NITI Aayog at Pravasi Bharatiya Kendra.
Today was the Prime Minister’s second address in this series, following his interaction with young entrepreneurs last week.
3.National Workshop on Enforcement of IPRs inaugurated in New Delhi :-
Union Minister of Home Affairs, Shri Rajnath Singh inaugurated the three-day workshop on Enforcement of Intellectual Property Rights (IPRs) today, in the august presence of Commerce and Industry Minister Smt.
Nirmala Sitharaman and Minister of State, Home Affairs, Shri Kiren Rijiju.
4.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 senior officers of the Government of India and financial sector regulators.
5.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.
CEO NITI Aayog, Shri Amitabh Kant will unveil the online nationwide initiative in the capital tomorrow on Wednesday, 23rdAugust.
6.Essar Group will pay ex-EOL shareholders an additional 75.48 rupees per share :-
Essar Group said on Tuesday that those former shareholders of Essar Oil will be paid an additional Rs 75.48 per share, who had offered their shares on the open offer for the company’s delisting, which was signed by Russian company Rosneft 12.9 Benchmarked in billions of dollars.
“The public shareholders of Essar Oil will be paid an additional Rs 880 crore or Rs 75.48 per share on the delisting price,” said the statement issued by the group. In this way, their total payment has gone up from Rs 3,064 crore to Rs 3,944 crore. “This decision has come out in public declaration yesterday and it has come out as per SEBI guidelines.
7.McDonald can shut down 169 outlets in India, thousands of jobs at stake :-
McDonald, one of the world’s largest fast food chains, has informed on Monday that it is planning to close its 169 restaurants in the northern and eastern regions of India.
Due to its major reasons, the growing dispute with its local partners is being reported and potentially the company’s decision could result in thousands of people unemployed.
Let us know that there is a total of 430 outlets in the country of American fast food company McDonald’s.
American company McDonald says that it was “compelled” to take such action because his partner Connaught Plaza restaurant Private Limited (CPRL) violated the conditions of his franchise agreement.
However, when he tried to talk to McDonald’s about it, he refused any response on Monday. However, he said that it will try to reduce the impact on employees, suppliers and land-lords, which may be affected by closure of the outlets.
