General Awareness

INTERNATIONAL AFFAIRS - February 2016

Feb 2016

Sep 06, 2023

Indian-American Arjun Gupta Appointed Chair of US Federal Body

Arjun Gupta, Indian American founder and chief believer at TeleSoft Partners, an Aspen, Colorado, -based special situations venture capital firm, was appointed chair of a newly established Investment Capital Advisory Committee.
The 14-member committee will advise the US Small Business Administration (SBA) in the development of a more inclusive and accessible ecosystem for small businesses nationwide.
Consisting of members with diverse perspectives, experiences, and occupational backgrounds in and related to the US private investment industry, the committee has been formed to increase small businesses and startups' access to investment capital.
The launch of SBA's inaugural Investment Capital Advisory Committee with its distinguished membership will serve as a critical resource to the Biden-Harris Administration as we strengthen our policies and programs to foster a more inclusive investment ecosystem.
The committee's main objective is to promote, expand, and strengthen the ecosystem of private funds financing US small businesses and startups, to fund entrepreneurs and small business owners from traditionally underserved communities.

Sep 05, 2023

China to Create New Department to Bolster Growth in Private Sector

China's top economic planner is creating a new department to help private businesses, the latest step by the government to revive confidence in the sector and bolster growth.
The private economy development bureau will be responsible for tracking and analysing the state of the industry, along with coordinating and drafting policies to promote its growth.
Beijing unveiled a drip-feed of policies in recent months intended to revitalise private companies and attract foreign investment, with President Xi Jinping vowing to ease market access and create opportunities for global cooperation.
The new bureau will also regularly talk to companies and help them resolve their main problems, as well as support their attempts to improve international competitiveness.

Sep 04, 2023

Indian-origin Economist Shanmugaratnam Wins Singapore Presidential Election

In a significant political development, Indian-origin economist Tharman Shanmugaratnam emerged victorious in Singapore's presidential election. This victory is especially noteworthy as it came after a gap of ten years, marking the country's first contested presidential polls since 2011.
Tharman Shanmugaratnam secured a substantial majority in the presidential elections, receiving a resounding 70.4 per cent of the votes. His victory was achieved against two other contenders of Chinese origin, Ng Kok Song and Tan Kin Lian, who garnered 15.7 percent and 13.88 per cent of the votes, respectively.
Tharman Shanmugaratnam, the president-elect, entered the realm of politics in 2001.
Shanmugaratnam, aged sixty-six, previously held the position of Singapore's Deputy Prime Minister from 2011 to 2019. His political journey began in 2001, and he has also made significant contributions in the public sector, holding various ministerial positions.

US State Georgia Officially Declares October as 'Hindu Heritage Month'

In a significant move, Governor Brian Kemp of the U.S. state of Georgia officially declared that the month of October will be celebrated as 'Hindu Heritage Month' within the state. This proclamation aligns Georgia with several other states across the United States that have taken similar steps to honour and commemorate Hindu heritage, culture, values, and traditions.
Georgia joined a growing list of states that have recognized the importance of Hindu heritage and culture. These states include Texas, Ohio, New Jersey, Massachusetts, Florida, Minnesota, Virginia, and others. The declaration of 'Hindu Heritage Month' serves as a way to celebrate and acknowledge the contributions and significance of Hinduism in American society.

RBI Governor Shaktikanta Das Rated 'A+' In Global Finance Central Banker Report 2023

Reserve Bank of India Governor Shaktikanta Das is among three central bank chiefs to earn an "A+" grade in the Global Finance Central Banker Report Cards 2023.
The grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability and interest rate management. An "A" grade represents an excellent performance down through an "F" for outright failure.
Global Finance's annual Central Banker Report Cards celebrate those bank governors whose strategies outperformed their peers through originality, creativity and tenacity.
The other two central bank chiefs who earned "A+" grades along with Das are -- Thomas J. Jordan (Switzerland) and Nguyen Thi Hong (Vietnam).

Sep 03, 2023

Grant Shapps Becomes New UK Defence Minister After Ben Wallace Resigns

Grant Shapps was named as the UK's new Defence Secretary, replacing the long-serving Ben Wallace.
Britain's Defence Secretary Ben Wallace, who last month announced he would step down in the next UK government cabinet reshuffle, has resigned, the Prime Minister's office said.

Sep 02, 2023

Gabon Coup Leaders Name Gen Brice Oligui Nguema as New Leader

Army officers who seized power in a coup in Gabon named Gen Brice Oligui Nguema as the country's transitional leader.
The deposed President, Ali Bongo called on his friends all over the world to speak up in his favour. The former French colony is one of Africa's major oil producers.
In another development, the African Union has suspended Gabon's participation in all of its activities following the military takeover, condemning it strongly.

Philippines, Malaysia, Vietnam, Taiwan Join India to Reject China's New Map

Governments in the Philippines, Malaysia, Vietnam and Taiwan joined India in rejecting China's new national map, issuing strongly worded statements accusing Beijing of claiming their territory.
China published a new version of its national map to correct what Beijing has in the past referred to as problematic maps that it claims misrepresent its territorial borders.
The Philippine government slammed China's 2023 edition of its so-called standard map that still shows swaths of Philippine features in the West Philippine Sea.

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