5 July 2016

Sudarshan Sen appointed Executive Director of RBI

Sudarshan Sen has been as Executive Director of the Reserve Bank of India (RBI). He will replace NS Vishwanathan who was elevated as Deputy Governor of RBI. In his new role, Sudarshan Sen will look after Department of Banking Regulation, Department of Co-operative Bank Regulation and Department of Non-Banking Regulation.

About Sudarshan Sen

Sen holds an MBA degree in International Banking and Finance from the University of Birmingham, United Kingdom. He has rich experience as the central banker and has a long association with the RBI in the field of supervision and regulation. Earlier, he had served as in charge of the Department of Banking Regulation. He also had served as the Regional Director of Ahmedabad office of the RBI. Advertisement

JNPT becomes first Indian port to implement logistics data tagging of containers

The Jawaharlal Nehru Port (JNPT) at Nhava Sheva in Raigad District of Maharashtra has become the first port in India to implement logistics data bank tagging system of containers. The first of its kind system has been launched as part of ‘Ease of Doing Business’ initiatives implemented at JNPT Port. It focuses on document, time and cost reduction for the benefit of trade. 

Key Facts

•  Under this system, a RFID (Radio Frequency Identification Tag) tag will be attached to each container. It will help to track containers through RIFD readers installed at different locations. 

• The RFID would provide the visibility and transparency of the exporters/importers (EXIM) container movement. 

• It will cover the entire movement of containers through rail or road to the ICDs (Inland Container Depot) and CFSs (Container Freight Station). 

• The system will integrate the information available with various agencies across the supply chain in order to provide detailed real time information within a single window. 

• The first of its kind facility will help exporters/importers track their goods in transit through logistics data bank service. 

• It will also help in reducing the overall lead time of the container movement across the western corridor and also lower the transaction costs incurred by shippers and consignees.

MV Dhekane takes over as Director of IISU

Noted scientist M V Dhekane has assumed the office of Director of ISRO Inertial Systems Unit (IISU), Thiruvananthapuram, Kerala. With this Dhekane becomes the seventh director of IISU which functions under the aegis of the Department of Space.

About M V Dhekane 

• M V Dhekane is B-Tech graduate in electrical engineering and M-tech (Systems and Control) from Indian Institute of Technology (IIT), Mumbai. 
• He had had joined Vikram Sarabhai Space Centre (VSSC) in 1983. 
• He has rich experience and expertise in the launch vehicle control and guidance design, mission design and analysis and onboard software development.
•  Earlier he also had various significant positions in ISRO at VSSV such as Deputy Director, Control, Guidance & Simulation Entity, Chief Controller and Associate Director (R&D).

Linda Burney becomes first Indigenous woman elected to Australia's lower house

·        Linda Burney, a former teacher, on 2 July 2016 became the first Indigenous woman elected to the House of Representatives (lower house) of the Parliament of Australia. She achieved the fete after claiming victory in the marginal seat of Barton.

·        She won the seat as a candidate of the centre-left Labour Party in the national polls.

·        With this, she joins first Aboriginal MP Ken Wyatt of the conservative Liberal Party who was elected in 2010.

·        Olympian Nova Peris was the first indigenous woman in the upper house of the Parliament.

NASA’s Juno spacecraft successfully enters Jupiter orbit

·        The US space agency, NASA, has successfully put a new probe in orbit around Jupiter.

·        The Juno satellite, which left Earth five years ago, had to fire a rocket engine to slow its approach to the planet and get caught by its gravity.

·        Receipt of the radio messages at Nasa's mission control in Pasadena, California confirmed the braking manoeuvre had gone as planned.

·        Scientists plan to use the spacecraft to sense the planet's deep interior. They think the structure and the chemistry of its insides hold clues to how this giant world formed some four-and-a-half-billion years ago.

Javeline thrower Annu Rani sets national record at National Inter-state Athletics Championships

·        Javeline thrower Annu Rani bettered her national record with a 59.87m throw at the 56th National Inter-State Senior Athletics Championships in Hyderabad.

·        Rani improved her previous meet mark with her first round 59.06m at G.M.C. Balayogi Stadium. However, her 59.87m throw came in the fourth round.

·        Suman Devi could log only 55.88m to bag the second place. Haryana’s SharmilaKumari finished third with 53.80m throw.