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2 July 2014

Current Affairs: June 25, 2014

Maharashtra govt approves 16% quota for Marathas, 5% for Muslims in jobs and education

Maharashtra government gave its nod to 16% reservation for Maratha community and 5% reservation for 50 backward Muslim communities in jobs and education in the state.
The move, which comes ahead of the Assembly elections in the state, will benefit nearly 43% of the state’s population — Marathas make up nearly 32% and Muslims constitute 10.6% of the state’s population. Now, the total reservation in the state has increased to 73%.
The Cabinet also gave nod for creating a new category called ‘Economically and Socially Backward Category (ESBS)’ under which Marathas will be given reservation.
The reservations, however, will not be applicable to the creamy layer of the society.
The government took into account the report of Narayan Rane Committee to clear the reservation proposal for the Maratha community in which the committee had collected empirical data to prove the backwardness of Marathas.

N. Srinivasan appointed as the first Chairman of ICC

N. Srinivasan has been appointed as the first chairman of the ICC after its 52-member council approved a controversial overhaul of the body’s administrative structure.
Amendments to the ICC’s Memorandum and Articles of Association at the Annual Conference were approved by the council.
Srinivasan, who is also defunct President of BCCI, has been in controversy related to IPL 2013 match-fixing scandal. He has been barred by the Supreme Court of India from carrying out his duties as BCCI president due to ongoing investigations into the match-fixing allegations relating to the 2013 edition of the IPL.
However, after the apex court declined to stop his appointment to the ICC position, path was clear for his elevation to the newly-created post. The restructuring will also hand major executive decision-making authority to the “Big Three” of the game — India, Australia and England.
From 2016, the ICC Board, which will continue to be the primary decision-making body, will elect the ICC Chairman for a 2-year term.

Indian-origin judge V K Rajah is Attorney-General of Singapore

Indian-origin judge V K Rajah has been appointed as Attorney-General ofSingapore. The swearing-in of Justice V K Rajah was presided by President of Singapore Tony Tan Keng Yam. Rajah will succeed Steven Chong.
VK Rajah was also appointed as a member of the Presidential Council for Minority Rights for a 3-year term. The 17-member council reports on matters, including Bills or other legislation.

Navratna Status granted to EIL and NBCC

The Union Government conferred Navratna status upon two Central Public Sector (CPSEs)– Engineers India Ltd (EIL) and National Buildings Construction Corporation (NBCC).
Department of Public Enterprises under the Ministry of Heavy Industries and Public Enterprises bestowed the Navratna status to these entities to provide them greater financial and operational autonomy. It will provide the companies greater flexibility in deciding on business propositions such as forming joint ventures or taking decision on projects involving major investments.
Key criteria for CPSEs to be eligible for Navratna status:
Should have Schedule A and Miniratna Category-1 status.
Should have at least 3 excellent or very good Memorandum of Understanding (MoU) ratings during the last 5 years.
Should have a composite score of 60 or above out of 100 marks based on its performance during the last 3 years on the six efficiency parameters which are:
  1. Net Profit to Net Worth
  2. Manpower cost to cost of production or services
  3. Gross margin to capital employed
  4. Gross profit to Turnover
  5. Earnings per Share
  6. Inter-Sectoral comparison based on Net profit to net worth.

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