Indian-American Sunil Sabharwal took charge as Alternate Executive Director at IMF
Independent investor from India, Sunil Sabharwal has become the first Indian-American to occupy a key administration post at the International Monetary Fund (IMF). He has been appointed as Alternate Executive Director at IMF.
His appointment was confirmed by the US Senate.This is one of the most powerful position in the International Monetary Fund as US commends more than 16.81 per cent of the total IMF voting share.
At a glance: Sunil Sabharwal
Sabharwal was born to Indian father and a Hungarian mother in New Delhi, in 1964. His parents separated when he was 9 years old and he later moved to Budapest, Hungary.
From 1992-96, he has worked at the European Bank for Reconstruction and Development. Later served as vice president, strategic investments, at First Data Corp/Western Union. Later he moved at GE Capital and held several positions including Managing Director (MD) from 1997 to 2003.
He has also served as board chairman of Ogone, a European e-commerce payment services firm, from 2011-13 and advised Warburg Pincus on its acquisition of easycash, a German network services company.>Login To Save for Revision
- World’s most expensive train station opened in New York at 9/11 site
The world’s most expensive train station " World Trade Center Transportation Hub" has been opened at the 9/11 site in New York, United States. It is built next to the site of the Twin Towers, which were destroyed in the terror attacks of September 11, 2001.
It was initially budgeted at 2 billion US dollars but the station ended up costing 3.85 billion US dollars making it most expensive station in the world. It has been designed by the Spanish-Swiss architect Santiago Calatrava who termed it as "gift of love to the city"
The station building is called Oculus it has an elliptical shape, reaching for the sky like the wings of a bird. The space measures 350 feet (107 meters) long by 115 feet (35 meters) at its widest point.>Login To Save for Revision
- Jitu Rai wins Gold medal in 50m pistol event at ISSF World Cup
Indian shooter Jitu Rai has won the gold in the men's 50m pistol event at theInternational Shooting Sports Federation (ISSF) World Cup in Bangkok, Thialand.
It should be noted that Jitu Rai, is the winner of the 2014 Asian Games and currently ranked 5th in the world in the 50m Pistol Men’s event.
He scored 191.3 points in the final round and Olympic champion Pang Wei of China took second place with 186.5. While Olympic medallist Wang Zhiwei finished third at 165.8 points.>Login To Save for Revision
- Former Lok Sabha Speaker PA Sangma passes away
Former Lok Sabha Speaker Purno Agitok Sangma, passed away in Delhi following brief illness. He was 68. He was elected to the Lower House nine times and served as the Speaker of 11th Lok Sabha from 1996 to 1998.
At a glance: Purno Agitok Sangma
Purno Agitok (P. A.) Sangma was born on September 1, 1947 in Chapahati village in the West Garo Hills District of Meghalaya. He earned MA in International Relations from Dibrugarh University in Assam and studied law.
Political career :
In 1973, he became Vice-President of the Pradesh Youth Congress in Meghalaya and he was elected to Lok Sabha for the first time in 1977 from Tura (Lok Sabha constituency) and remained a member of the Lok Sabha until 14th Lok Sabha, except for the 9th Lok Sabha.
He became general secretary of the Meghalaya Pradesh Congress Committee in 1975 and served as Minister of State for Coal (independent charge) in the Narasimha Rao government in the 1990s.
He has served as the Chief Minister of Meghalaya from 1988 to 1990. He has also served as Minister of State of Home Affairs, Labour, Commerce and Coal.
He was one of the founders of Nationalist Congress Party (NCP) along with Sharad Pawar and Tariq Anwar in 1999, after their expulsion. In 2013, Mr. Sangma founded the National People’s Party.
He was expelled from the party in 2012 when he refused to accept its decision to back out of the election for President of India. He had unsuccessfully had contested 13th Presidential election in 2012 against incumbent President of India Pranab Mukherjee.>Login To Save for Revision
- PM Narendra Modi launches Setu Bharatam Project
Prime Minister Narendra Modi has launched an ambitious Rs 50,800-crore Setu Bharatam project to ensure highways without railway crossings by 2019 and overhaul of 1,500 British-era bridges. This project will be implemented by the Union Ministry of Road Transport and Highways.
Setu Bharatam Project
Under the Setu Bharatam project, a total of 208 railway crossings will be replaced by rail over bridges (ROBs) by 2019 at an estimated cost of Rs 20,800 crore while 1,500 bridges of the British era that are over 50 to 60 years old will be overhauled at an estimated expenditure of Rs 30,000 crore across the country.
The Indian Bridge Management System has been introduced to map all 1,50,000 bridges in the country. So far inventory of 50,000 bridges has been prepared under it and the first cycle of condition survey will be completed by June 2016.
In Budget 2016-17, Rs. 19,000 crore has been sanctioned under the Pradham Mantri Gram Sadak Yojana (PMGSY), to connect all villages with roads, compared with Rs. 14,291 crore in the revised estimates of 2015-16.>Login To Save for Revision
- FIH promotes Napoleon Singh as international Umpire
Hockey India national-level umpire Nepoleon Singh (30) has been promoted to the International Outdoor Umpire by the International Hockey Federation (FIH).
Decision in this regard was taken after seeing his performance in the recently-concluded 12th South Asian Games 2016, held at Guwahati from February 5 to 16.
Napoleon who is among young umpires from India has now been elite league of international umpires -level outdoor umpire. Including him there are total of 14 Indian umpires (10 men, 4 women) in the category of international-level umpires.
Napoleon started his career as an umpire from Manipur in the third Hockey India Junior Women National Championship 2013 held at Ranchi, Jharkhand. His first major breakthrough was his appointment as umpire in the eighth Junior Men Asia Cup, held at Kuantan, Malaysia in 2015.
Napoleon was a national level hockey player and completed a diploma in Sports Coaching from the National Institute of Sports, Patiala in 2011. He is presently working as a coach at Kokrajhar, Assam.>Login To Save for Revision
- Traditional Chapchar Kut festival celebrated across Mizoram
Chapchar Kut, the most important traditional festival of the Mizos was celebrated across the north-eastern state of Mizoram and also in the Mizo-inhabited areas in the neighbouring states. The festival was organised jointly by the state art and culture department and the Young Mizo Association.
It is celebrated during March after completion of their most arduous task of Jhum operation (shifting cultivation in which jungle is cleared by burning). Chapchar Kut Festival is estimated to have started in 1450-1700 A.D. in a village called Suaipui.
Mizos celebrate this festival with great fervour and gaiety by dressing in their traditional attire and dancing to the tune of typical music and songs.Traditional Mizo dances includes Cheraw, Chheihlam, Sarlamkai and Khuallam.
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- World’s most expensive train station opened in New York at 9/11 site