By: D.K Choudhary
Nilesh Shivji Vikamsey appointed new President of ICAI
i. Nilesh Shivji Vikamsey was elected as the new President of the Institute of Chartered Accountants of India (ICAI) for the year 2017-18 on February 12, 2017.
Nilesh Shivjiii. The 40-member Central Council of the Institute of Chartered Accountants of India (ICAI) also elected Naveen N D Gupta as the Vice-President for the year 2017-18.
iii .Prior to this, Vikamsey served as vice-president and has been the member of ICAI since 1985 while Gupta was Chartered Accountant of ICAI for more than 20 years.
iv. The Institute of Chartered Accountants of India (ICAI) was established under the Chartered Accountants Act, 1949 passed by the Parliament of India with the objective of regulating accountancy profession in India.
v. The council has 32 elected members and eight are nominated by the Central government.
Ravi Shankar concurrently accredited as High Commissioner of India to the Republic of Rwanda
i. Former IFS officer Ravi Shankar has been concurrently accredited as the High Commissioner of India to the Republic of Rwanda on February 14, 2017
ii. Now he is working as the high Commissioner of India to the Republic of Uganda.
♦ Capital: Kigali
♦ Currency: Rwandan franc
♦ President: Paul Kagame
Shigenori Shiga Steps Down as Toshiba’s Chairman
i. Toshiba Corporation’s Chairman Shigenori Shiga announced his resignation from the multinational conglomerate with effect from February 15, 2017 as the company faced huge losses of multi-billion-dollars.
ii. Shiga is stepping down accepting his responsibility for his company’s financial challenges and operating losses.
iii. The company issued a report forecasting a net loss of 390 billion yen ($3.4 billion) in the current fiscal year ending March 2017.
iv .Besides, the company also faced a 712.5 billion yen (USD 6.3 billion) loss for its nuclear business related to the purchase of CB&I Stone & Webster by its US nuclear unit Westinghouse.
v. Though Shiga would step down from the board, he would stay on as a Toshiba executive
Tehmina Janjua Appointed First Women Foreign Secretary of Pakistan
i. Pakistani Career diplomat Tehmina Janjua was appointed as the Foreign Secretary of Pakistan on February 13, 2017 by Prime Minister Nawaz Sharif.
ii. She is the first women to be appointed on the post and will serve as the 29th Foreign Secretary of Pakistan.
iii. Tehmina Janjua will replace outgoing foreign secretary Aizaz Ahmad Chaudhry and assume office in the first week of March 2017.
iv. Presently, she was serving as Ambassador and Permanent Representative to Tehmina Janjua Athe United Nations in Geneva since October 2015.
♦ Capital: Islamabad
♦ Currency: Pakistani rupee
♦ Prime Minister: Nawaz Sharif
♦ President: Mamnoon Hussain