By: D.K Chaudhary
1. Anil Khanna to Head IOA Finance Commission
i. Senior sports administrator Anil Khanna was named Chairman of the Finance Commission of the Indian Olympic Association, which also formed a four-member advisory committee. The advisory committee comprises Tarlochan Singh, GS Mander, S Regunathan and BS Landge.
ii. The IOA also formed a Medical Commission and Games Technical Conduct Committee and nominated office bearers of IOA and National Sports Federations (NSFs) to the Committees.
2. Indu Malhotra Becomes 1st Woman Lawyer Directly Appointed for SC Judgeship
i. The Supreme Court collegium has recommended the name of senior advocate Indu Malhotra as the first woman lawyer to be directly appointed as a judge of the Supreme Court of India.
ii. She will be the seventh woman judge since independence to make it to the Supreme Court. At present, Justice R Banumathi is the lone woman judge in the apex court.
- The first woman to be appointed as a judge of the apex court since independence was Justice M Fathima Beevi in 1989.
3. Retail Inflation Rises to 5.21% in December
i. Retail inflation crossed the RBI’s comfort level and rose to 5.21 percent in December on rise in prices of food items, egg and vegetables, dashing hopes of interest rate cut in the near future.
ii. The retail inflation, based on Consumer Price Index (CPI), was 4.88 percent in November.
- Mr Arun Jaitley is the present Finance Minister of India.
4. India, Top Borrower from China-Sponsored AIIB in 2017
i. India has emerged as a top borrower from the China-sponsored Asian Infrastructure Investment Bank (AIIB) with USD 1.5 billion worth of loans last year and USD three billion more in the pipeline.
ii. India’s Ambassador Gautam Bambawale met AIIB President Jin Liqun in Beijing and held in-depth talks on deepening India’s engagements with the bank. Next to India,Indonesia has emerged as the second largest borrower with about USD 600 million loans.
- AIIB Headquarter- Beijing, China, Commenced operations in- January 2016.
- AIIB President- Mr Jin Liqun.
