Goa Chief Minister Manohar Parikkar Passes Away
- Chief Minister of Goa Sri. Manohar Parikkar died of cancer on 17.03.2019.
- He had been the Chief Minister of Goa for 4 times.
- Earlier, he had been the Defence Minister of India from 2014 – 2017.
- He is a Metallurgy Engineer from IIT Mumbai.
- He was the 1st IIT Alumnus to serve as an MLA.
- He has been awarded Honorary Doctorate by NIT, Goa during 2018.
- He was an active RSS cadre since his younger days.
Justice PC Ghose Tipped To Be India’s 1st Lokpal
- Justice Pinaki Chandra Ghose is tipped to become India’s first Lokpal.
- The other members of the Lokpal would include four former High Court judges, including a woman judge, and four former civil servants.
- Lokpal Act, which was passed in 2013 involves the setting up of a Lokpal at the Centre which would investigate corruption cases against certain categories of public servants.
- Similarly, Lokayuktas will be formed at the state level under the act.
- Justice Ghose is a retired Supreme judge. He was appointed to the Supreme Court in 2013.
- He was the Judge who convicted Tamil Nadu politician Sasikala in a corruption case filed against her
- He is presently the member of National Human Rights Commission.
- His father was also a Chief Justice, having served in the Kolkata during the early years.
Swiggy and Zomato Tops Up Sales
- Online food delivery service providers Swiggy and Zomato have increased their sales multifold.
- In 2018, their joint sales increased from USD 750 million to USD 1.7 billion.
- Zomato has its presence in 165 Indian cities, whereas Swiggy is serving in 100 cities.
- Zomato is Gurgaon (Haryana) based and Swiggy has its Headquarters in Bengaluru.
- Online food order has increased phenomenally, to touch 2 million orders per day, in India.
- The average order value through the food order platform is Rs.300/= in metro cities and Rs.200/= in other cities.
President Kovind Gives Away National Grassroots Innovators Awards
President of India gave away the awards during Festival of Innovation & Entrepreneurship which was held in Gandhinagar, Gujarat recently. (FINE)
- This festival is an initiative by the President’s office to recognize talents and reward grassroot innovations and foster a supportive ecosystem.
- It is being held by the Government of India, in association with the National Innovation Foundation, which is a Government initiative, coming under the Department of Science & Technology.
- In the agricultural sector, Prakash Singh Raghuvanshi has been given away the “Lifetime Achievement Award” for his innovations in new varieties of Agricultural Crops. He belongs to Uttar Pradesh.
- Periyasami Ramasami, of Tamil Nadu, received the 1st Prize in the veterinary sector for herbal medication.
- The vision of National Innovation Foundation is to make India innovative and adding value to its outstanding traditional knowledge base
- The mission of National Innovation Foundation is to help India become inventive and creative and to become a global leader in sustainable technologies without social and economic handicaps affecting the evolution and diffusion of green grassroots innovations.
CVC Finds Irregularities In The Sale Of Bad Debts By State-Run Banks
- Central Vigilance Commission (CVC) has found out various irregularities in the sale of bad-debts to Assets Reconstruction Companies (ARC) by state-run Banks.
- Out of the 302 cases observed by the CVC, irregularities have been noticed in at least 48 accounts, with liabilities of Rs.50 crores and above.
- An Asset Reconstruction Company buys the stressed assets of Banks (NPAs), so that the Banks can clean up their balance sheets.
- ARCs buy the NPAs from the Bank at mutually agreed rates and issues Bonds/ Security Receipts / Debentures in exchange, to the Banks.
- ARCs proceed with the recovery process with the customers under the Provisions of SARAESI Act.
- Presently there are close to 15 ARCs in the market, which buy stressed assets from Banks.