Current Affairs 22nd August 2015

• Name the eminent Sanskrit Scholar and Indologist who has passed away - NR Varhadpande

 Eminent Sanskrit Scholar and Indologist NR Varhadpande passed away in Nagpur at the age of 94.

Varhadpande is considered as one of the most profound works in changing the course of ancient Indian history and is famous for his book titled Aryan Invasion: A Myth that exposes fallacy of Aryan invasion.

He is the the Founder Editor of the periodical Sanskrit Bhavitavyam and had also served as the President of Sanskrit Bhasha Pracharini Sabha for many years.

• Government Issues Norms for Selection of CEOs and MDs of Smaller PSU Bank

After the irk raised due to appointment of two private sector bankers to head Bank of Baroda and Canara Bank the government has issued norms for selection of MDs and CEOs in Mid and Small Public Sector Banks (PSBs) on 20 August 2015.

ii. After the irk raised due to appointment of two private sector bankers to head Bank of Baroda and Canara Bank the government has issued norms for selection of MDs and CEOs in Mid and Small Public Sector Banks (PSBs) on 20 August 2015.

iii. The top post in the PSBs would be filled from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years. Henceforth the private sector executives would not be the part of the selection process of top management in the public sector banking space.

iv. The section will be done by the interaction of the candidates with three panels of the sub-committee of the Appointments Board, where the candidates will be rated out of 100 marks.

v. 50 marks to be awarded for Annual Performance Appraisal Reports (APARs) of five years and 50 marks assigned on the basis of performance during interaction with the sub-committee.

• Free Laptop Scheme was launched by - Puducherry CM N Rangasamy

 Free Laptop Scheme was launched by Puducherry Chief Minister (CM) N Rangasamy. Students who have passed Plus Two from Government Higher Secondary Schools in the last two academic years that is 2013-14 and 2014-15 will be provided by free laptops.

An expense of 20 Crore rupees will be incurred to give free laptops to 11 thousand odd students. 180 students who topped in Plus Two Examinations in their respective schools were presented with the laptops while launching the scheme.

• Back as world No. 1, Saina Nehwal signs Rs 25 crore deal

i. It was double delight for Saina Nehwal on Thursday. The World Championships silver medallist regained the No. 1 rank - surging 2,180 points ahead of Carolina Marin  and also struck a landmark deal with management company IOS Sports & Entertainment.

ii. Saina's deal is worth Rs 25 crore over two years. IOS also manages top sportspersons like Suresh Raina, MC Mary Kom, Sushil Kumar and Vijender Singh.

iii. The shuttler was also excited to be back on the top of the world rankings. She secured the No. 1 rank for the first time on April 2 but remained there only for five weeks. However, this time round, the Indian will enjoy a longer reign. With 82,792 points, Saina is 2,180 points ahead of world champion Carolina Marin. Third placed Tzu Ying Tai of Chinese Taipei is over 12,000 points behind the Indian.