DAILY CURRENT
AFFAIRS: 5TH FEB 2017
(Daily News India)
1. KIREN
RIJIJU INAUGURATES PROGRAMME ON ‘INNER STRENGTH AND DISASTER RESILIENCE’
i. Kiren
Rijiju, Minister of State for Home Affairs inaugurated the programme on ‘Inner
Strength and Disaster Resilience’ in New Delhi. The programme was organised by
National Disaster Response Force.
ii. The
Minister stressed NDRF force to focus on mental fitness along with physical
fitness.
iii.NDRF is
India’s professional emergency force to tackle disaster.
iv .NDRF has
so far saved more than 5 million lives. It also educates people on how to
tackle disasters.
2. TATA
MOTORS LAUNCHES NEW SUB-BRAND TAMO AS AN INCUBATOR TO DEVELOP FUTURISTIC
VEHICLES
i. Automotive
manufacturing company Tata Motors has come up with an innovative plan to
strengthen its market share in the country. It is set to expand its passenger
vehicle manufacturing segment by creating a new sub-brand under the name TAMO
which will act as a start-up to develop new and innovative products.
ii. TAMO
will involve partnership with global start-ups and technology companies to have
access to trends, innovations for developing new technologies and business
models to design exciting future products and services.
iii. It aims
to be among the top three passenger vehicle companies in India by 2019.
iv. Tata
Motors is also set to reduce its current 6 platforms to 2 vehicle platforms
that will be used for manufacturing all the Tata cars using common design and
components thus saving procurement time and cost and reduce complexities.
vii. The
platforms would be based on Advance Modular Platform) architecture. It will
allow the firm to develop multiple body types like sport utility vehicles,
multi-purpose vehicles, compact cars and compact SUVs at lower costs and short
notice.
3. IDFC
MD VIKRAM LIMAYE NAMED NEW CEO & MD OF NATIONAL STOCK EXCHANGE
i. Managing
Director of IDFC, Vikram Limaye has been named as the new Managing Director
& CEO of the National Stock Exchange.
ii. The
position was lying vacant after Chitra Ramakrishna quit the exchange citing
personal reasons. Thus the stock exchange set up a 4-member panel to look for
the next MD of the bourse.
iii. Limaye
would be the 1st NSE CEO from outside the founding team that set up the
exchange in the 1990s.
4. NOTED
ECONOMIST SANJEEV SANYAL APPOINTED PRINCIPAL ECONOMIC ADVISER
i. Economist
Sanjeev Sanyal has been appointed as the Principal Economic Adviser in the
Ministry of Finance by the Appointments Committee of the Cabinet.
ii. Sanjeev
Sanyal, former Global Strategist and MD of Deutsche Bank will serve as the
Principal Economic Adviser in the Department of Economic Affairs.
iii. He will
serve as the 2nd in command in the economic division of the finance ministry
currently led by the chief economic adviser in the finance ministry Arvind
Subramanian.
iv. Sanyal
has been appointed on contract for a 3-year period from the date of assumption
of charge of the post or until further orders.