Current Affairs of 6 January 2015

1.  World Cup 2015 squad announced: Yuvraj out, Jadeja in
 The Board of Control for Cricket in India on Tuesday released its 15-member squad for the World Cup 2015. Yuvraj Singh has been dropped from the squad, and the players are as follows: Mahendra Singh Dhoni (c), Shikhar Dhawan, Rohit Sharma, Virat Kohli, Suresh Raina, Ambati Rayudu, Ravindra Jadeja, Ajinkya Rahane, Ravichandran Ashwin, Axar Patel, Bhuvneshwar Kumar, Ishant Sharma, Mohammed Shami, Stuart Binny and Umesh Yadav. Meanwhile, Murali Vijay and Robin Uthappa too did not find spots in the team.
India has played 95 ODIs after the World Cup 2011 triumph and won 25 at home and 32 overseas. During the last tri-series in Australia three years ago, India won three of the eight ODIs, lost four and tied the match against Sri Lanka at Adelaide. Last January it played five ODIs in New Zealand, lost four and tied the match at Auckland.
 India’s top run-getters since World Cup 2011 are Virat Kohli (4254 runs), Rohit Sharma (2504), Suresh Raina (2338), Dhoni (2143), Shikhar Dhawan (2046), Ajinkya Rahane (1230), Gautam Gambhir (1165), Ravindra Jadeja (1156), Ambati Rayudu (685), Ravichandran Ashwin (561) and Virender Sehwag (513).
The top wicket-takers are Jadeja (105), Ashwin (101), Mohammad Shami (68), Umesh Yadav (46), Bhuvneshwar Kumar (44), Ishant Sharma (43), Amit Mishra (37), R. Vinaykumar (36), Raina (23), Irfan Pathan (21), Praveen Kumar (20), Axar Patel (14) Varun Aaron (11) and Munaf Patel (10). Gambhir, Sehwag, Vinaykumar, Pathan, Praveen Kumar and Munaf Patel were not in the probables list.


 2. P Krishnamurthy appointed as Private Secretary of Union Defence Minister Manohar Parrikar
IAS officer P Krishnamurthy was  appointed as Private Secretary of Union Defence Minister Manohar Parrikar. He is appointed for a five-year period or on co-terminus basis with the minister's tenure.
Krishnamurthy is presently working as Resident Commissioner at Goa Sadan and State's finance secretary.

3. Google’s Larry Page named as business person of the year for 2014
 Google’s Larry Page has emerged as the ‘business person of the year’ for 2014,
edging past the likes of Alibaba co-founder Jack Ma and Facebook CEO Mark Zuckerberg, according to Fortune magazine.
Page, who is Chief Executive Officer (CEO) and co-founder of Google, came on top in the 20 global corporate leaders’ list compiled on the basis of various factors including company’s performance, leadership style and total shareholder returns, the magazine said while bringing out its list.
Apart from Jack Ma and Zuckerberg, others in the race included Apple’s Tim Cook and fast food chain Chipotle co-CEOs — Montgomery Moran and Steve Ells — and Fedex chairman & CEO Fred Smith.
Besides, five women have made the cut to the top 20 list.
Interestingly, Amazon’s Jeff Bezos, who led Fortune list in 2012, failed to make in to the top 20 list.
As Google’s core business continues to thrive, Page, who topped the list, is making “huge bets on new technology — ingestible nanoparticles, balloons that beam down broadband — that could define the future,” the magazine noted.
Page and his company have packed a lot of evolution into just over 15 years of existence, it added.
The women contenders were Ultra Beauty CEO Mary Dillon, ITT CEO and President Denise Ramos, TJX Cos CEO Carol Meyrotwiz, Theranos Founder and CEO Elizabeth Holmes and Williams-Sonoma President and CEO Laura Alber.
The list is based on various parameters like financial results of the company including 12-month and three year growth in profits and revenues, company’s stock performance and total shareholder returns over the same periods.

4. Jiji Thomson resigned as Director General of SAI
Jiji Thomson  resigned as Director General of Sports Authority of India  (SAI) with immediate effect. Thomson took charge of SAI in March 2013
He claimed that the central government delayed his promotion as Sports Secretary for six months before he finally requested for his immediate repatriation to his parent cadre in Kerala.
Jiji Thomson will now take over as Chief Secretary of Kerala on 31 January 2015.

5. RBI allowed FIIs to buy up to 49% paid-up capital in Bajaj Corp
The Reserve Bank of India (RBI)  allowed the Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) to buy up to 49 percent of the paid-up capital of Bajaj Corp Ltd. The investments will be made under the Portfolio Investment Scheme (PIS). 
Till September 2014 (BSE data), FIIs held 15.21 percent in the company.
Foreign shareholding hike decision was taken after passage of a resolution by the Board of Directors and special resolution by shareholders, in which they agreed to enhance the limit for purchase of its equity shares and convertible debentures by FIIs/RFPIs.

6. Martin Anderson, author of 'Reagan - A Life in Letters', dies
 Martin Anderson, a top domestic policy adviser to President Ronald Reagan and author of several books about his life and legacy, has died. He was 78.
Anderson died in his sleep on January 3 at his home in Portola Valley, California, according to the Hoover Institution at Stanford University, where he had been a senior fellow since 1971.
Anderson combined an academic and writing career with work in the political campaigns and presidential administrations of several Republican presidents, including Reagan, Richard Nixon, Gerald Ford and George H.W. Bush.
In 1967, he began advising presidential candidate Richard Nixon on domestic policy and especially on ending the military draft and moving to an all-volunteer armed force.
Anderson, an economist and policy analyst, together with his wife, Annelise, authored several books about the former President’s legacy and life, many of them included Reagan’s own writings. 

7. Philips appoints Chitale as CEO of lighting biz
Philips has appointed Harshavardhan Chitale as CEO of Philips Lighting solutions, South Asia, with effect from January 1, 2015.
Based in Gurgaon, Chitale will be responsible for driving and building the Lighting Solutions business for Philips in India, the company said in a statement.
He will report to the Market Group Leader, Lighting Solutions, Philips Growth Markets.
Chitale said: “Lighting is an exciting industry to be in and it’s even more exciting to work with Philips, which has shaped and led the industry over the years. The timing is just right as the company is in a great position to benefit from the fundamental changes taking place in the lighting industry.”
Chitale joins Philips from HCL Infosystems, where he was the MD & CEO.
1.  World Cup 2015 squad announced: Yuvraj out, Jadeja in
 The Board of Control for Cricket in India on Tuesday released its 15-member squad for the World Cup 2015. Yuvraj Singh has been dropped from the squad, and the players are as follows: Mahendra Singh Dhoni (c), Shikhar Dhawan, Rohit Sharma, Virat Kohli, Suresh Raina, Ambati Rayudu, Ravindra Jadeja, Ajinkya Rahane, Ravichandran Ashwin, Axar Patel, Bhuvneshwar Kumar, Ishant Sharma, Mohammed Shami, Stuart Binny and Umesh Yadav. Meanwhile, Murali Vijay and Robin Uthappa too did not find spots in the team.
India has played 95 ODIs after the World Cup 2011 triumph and won 25 at home and 32 overseas. During the last tri-series in Australia three years ago, India won three of the eight ODIs, lost four and tied the match against Sri Lanka at Adelaide. Last January it played five ODIs in New Zealand, lost four and tied the match at Auckland.
 India’s top run-getters since World Cup 2011 are Virat Kohli (4254 runs), Rohit Sharma (2504), Suresh Raina (2338), Dhoni (2143), Shikhar Dhawan (2046), Ajinkya Rahane (1230), Gautam Gambhir (1165), Ravindra Jadeja (1156), Ambati Rayudu (685), Ravichandran Ashwin (561) and Virender Sehwag (513).
The top wicket-takers are Jadeja (105), Ashwin (101), Mohammad Shami (68), Umesh Yadav (46), Bhuvneshwar Kumar (44), Ishant Sharma (43), Amit Mishra (37), R. Vinaykumar (36), Raina (23), Irfan Pathan (21), Praveen Kumar (20), Axar Patel (14) Varun Aaron (11) and Munaf Patel (10). Gambhir, Sehwag, Vinaykumar, Pathan, Praveen Kumar and Munaf Patel were not in the probables list.


 2. P Krishnamurthy appointed as Private Secretary of Union Defence Minister Manohar Parrikar
IAS officer P Krishnamurthy was  appointed as Private Secretary of Union Defence Minister Manohar Parrikar. He is appointed for a five-year period or on co-terminus basis with the minister's tenure.
Krishnamurthy is presently working as Resident Commissioner at Goa Sadan and State's finance secretary.

3. Google’s Larry Page named as business person of the year for 2014
 Google’s Larry Page has emerged as the ‘business person of the year’ for 2014,
edging past the likes of Alibaba co-founder Jack Ma and Facebook CEO Mark Zuckerberg, according to Fortune magazine.
Page, who is Chief Executive Officer (CEO) and co-founder of Google, came on top in the 20 global corporate leaders’ list compiled on the basis of various factors including company’s performance, leadership style and total shareholder returns, the magazine said while bringing out its list.
Apart from Jack Ma and Zuckerberg, others in the race included Apple’s Tim Cook and fast food chain Chipotle co-CEOs — Montgomery Moran and Steve Ells — and Fedex chairman & CEO Fred Smith.
Besides, five women have made the cut to the top 20 list.
Interestingly, Amazon’s Jeff Bezos, who led Fortune list in 2012, failed to make in to the top 20 list.
As Google’s core business continues to thrive, Page, who topped the list, is making “huge bets on new technology — ingestible nanoparticles, balloons that beam down broadband — that could define the future,” the magazine noted.
Page and his company have packed a lot of evolution into just over 15 years of existence, it added.
The women contenders were Ultra Beauty CEO Mary Dillon, ITT CEO and President Denise Ramos, TJX Cos CEO Carol Meyrotwiz, Theranos Founder and CEO Elizabeth Holmes and Williams-Sonoma President and CEO Laura Alber.
The list is based on various parameters like financial results of the company including 12-month and three year growth in profits and revenues, company’s stock performance and total shareholder returns over the same periods.

4. Jiji Thomson resigned as Director General of SAI
Jiji Thomson  resigned as Director General of Sports Authority of India  (SAI) with immediate effect. Thomson took charge of SAI in March 2013
He claimed that the central government delayed his promotion as Sports Secretary for six months before he finally requested for his immediate repatriation to his parent cadre in Kerala.
Jiji Thomson will now take over as Chief Secretary of Kerala on 31 January 2015.

5. RBI allowed FIIs to buy up to 49% paid-up capital in Bajaj Corp
The Reserve Bank of India (RBI)  allowed the Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) to buy up to 49 percent of the paid-up capital of Bajaj Corp Ltd. The investments will be made under the Portfolio Investment Scheme (PIS). 
Till September 2014 (BSE data), FIIs held 15.21 percent in the company.
Foreign shareholding hike decision was taken after passage of a resolution by the Board of Directors and special resolution by shareholders, in which they agreed to enhance the limit for purchase of its equity shares and convertible debentures by FIIs/RFPIs.

6. Martin Anderson, author of 'Reagan - A Life in Letters', dies
 Martin Anderson, a top domestic policy adviser to President Ronald Reagan and author of several books about his life and legacy, has died. He was 78.
Anderson died in his sleep on January 3 at his home in Portola Valley, California, according to the Hoover Institution at Stanford University, where he had been a senior fellow since 1971.
Anderson combined an academic and writing career with work in the political campaigns and presidential administrations of several Republican presidents, including Reagan, Richard Nixon, Gerald Ford and George H.W. Bush.
In 1967, he began advising presidential candidate Richard Nixon on domestic policy and especially on ending the military draft and moving to an all-volunteer armed force.
Anderson, an economist and policy analyst, together with his wife, Annelise, authored several books about the former President’s legacy and life, many of them included Reagan’s own writings. 

7. Philips appoints Chitale as CEO of lighting biz
Philips has appointed Harshavardhan Chitale as CEO of Philips Lighting solutions, South Asia, with effect from January 1, 2015.
Based in Gurgaon, Chitale will be responsible for driving and building the Lighting Solutions business for Philips in India, the company said in a statement.
He will report to the Market Group Leader, Lighting Solutions, Philips Growth Markets.
Chitale said: “Lighting is an exciting industry to be in and it’s even more exciting to work with Philips, which has shaped and led the industry over the years. The timing is just right as the company is in a great position to benefit from the fundamental changes taking place in the lighting industry.”
Chitale joins Philips from HCL Infosystems, where he was the MD & CEO.

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