NOTES FOR REVISION

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Jun 15, 2012, 2:32:22 AM6/15/12

ð Prime Minister’s Media Adviser - Pankaj Pachauri

ð Homai Vyarawalla who expired in Jan 2012 was a photographer & journalist credited with capturing the departure of Lord Mountbatten, the last viceroy & first Governor General of India and the funerals of Jawaharlal Nehru & Mahatma Gandhi.

ð Bronze sculpture of Mahatma Gandhi was unveiled in the Southern Australian city of Adelaide. The sculpture has been made by Gautam Pal.

ð Ramnath Goenka Awards for journalism by Indian Express

o Print Category – J. Gopikrishnan

o Broadcast Category – Udayan Mukherjee

ð Companies Bill, 2011 introduced in December 2011 – Protection to minority shareholders, concept of action class suit, cap on layers of subsidiaries a company can have, at least one woman director on board, concept of corporate social responsibility & rotation of auditors. The Bill has strict expenditure & disclosure guidelines for CSR activities of companies, though the bill has no provision for penalty or punishment for non-compliance. The Bill asks to spare 2% of the average net profits of the preceding three years to be spent on corporate social responsibility activities. The bill also provides statutory status to the Serious Fraud Investigation Office (SFIO), with the powers to arrest in specific offences that comes under the definition of fraud.

ð Producer of controversial film on Kashmir - “Jash-e- Azadi” - Sanjay Kak

ð Justice Dalveer Bhandari elected to ICJ as India’s candidate. ICJ is the principal judicial organ of UN. It consists of 15 judges who serve for 9 year period. Justice Bhandari has vast experience on international law and is familiar with the working of UN organisations.

ð Vijay Nambiar to be UN Secretary General Ban-ki-Moon’s Special Adviser on Myanmar.

ð Draft National Water Policy 2012 (January)

§ Under-pricing of electricity leads to wasteful use of both electricity & water.

§ Efficient use – proposes evolving benchmarks for water use for different purposes to be developed for efficient use.

§ Proposes greater role of community and private sector.

§ Proposes shift in the role of the State from provider of services to regulator of services.

§ Lays emphasis on the need for a national water framework law, a comprehensive legislation for optimum development of inter-state rivers and river valleys.

§ Project affected families be made partners in progress and given a share in the benefits comparable to project benefitted families, who may bear the cost of resettlement & rehabilitation through adequate pricing.