Bankruptcy bill passed in Rajya Sabha
The Rajya Sabha has passed the Insolvency and Bankruptcy Code 2016, which had already been passed by the Lok Sabha last week.
The Code seeks to consolidate and amend the laws relating to reorganization and insolvency resolution in a time bound manner.
The bill also proposes setting up of an Insolvency and Bankruptcy Board, and Insolvency and Bankruptcy Fund.
President of India presents National Florence Nightingale Awards
Shri Pranab Mukherjee, The President of India today presented the National Florence Nightingale Awards to 35 nursing personnel at function in Rashtrapati Bhavan on the occasion of International Nurses Day.
The National Florence Nightingale Awards are given by the Ministry of Health and Family Welfare as a mark of recognition for the meritorious services rendered by the nurses and nursing professionals in the country.
The International Nurses Day is celebrated all over the world on May 12 every year to commemorate Florence Nightingale’s birthday.
President appoints CJs of MP, Allahabad & Kerala HCs as SC judges
President Pranab Mukherjee has appointed Chief Justices of the Madhya Pradesh High Court, the Allahabad High court and that of the Kerala High court as judges of the Supreme Court.
According to a statement issued by the Ministry of Law and justice, the President also appointed Lavu Nageswara Rao, as SC judge.
In exercise of the powers conferred by clause (2) of article 124 of the Constitution of India, the President is pleased to appoint Justice Ajay Manikrao Khanwilkar, Chief Justice of the Madhya.
Nalco signs MoU with BARC for research and development
Odisha based aluminium company, National Aluminium Company (Nalco) has signed an memorandum of understanding (MoU) with Bhabha Atomic Research Centre (BARC), Mumbai for Research and Development (R&D) in fields of mutual interest.
NALCO incorporated in 1981 as a public sector enterprise of the Ministry of Mines, Government of India. As per NALCO' chairman, Extraction of Gallium from Bayer Liquor will be NALCO's first R&D project with BARC.
Obama honours Indian-American elementary teacher Revathi Balakrishnan
Indian-American woman elementary teacher from Texas has been honored by US President Barack Obama at the White House for her excellent work in the field of education. He was among the 56 'state teachers of the year' list.
Revathi Balakrishnan, a talent and gifted specialist teacher at Patsy Sommer Elementary School in Austin was also named as 2016 'Texas Elementary Teacher of the Year' by the Council of Chief State School Officers (CCSSO) as part of the National Teacher of the Year Program.
Kotak sole Indian on Forbes’ most powerful list
Kotak Mahindra Bank Chief Uday Kotak, with a net worth of $7.1 billion.
He is the only Indian in Forbes' 'Money Masters: The Most Powerful People In The Financial World' list of 40.
The 57-year-old is ranked 33rd in the list topped by Blackstone Group's CEO Stephen Schwarzman, who has a net worth of $10.2 billion.
Shashank Manohar elected first independent ICC Chairman
Former BCCI President Shashank Manohar, who resigned recently, was now elected unopposed as the ICC's first independent Chairman for two years.
ICC's Full Council also approved changes to its Constitution to accommodate the independent Chairman.
This comes after ICC abolished its President post and amended its rules so that the ICC Chief cannot be associated with a cricket board.