George Shultz, Who Led US Cold-war Diplomacy, Dies
George Shultz, who oversaw the decoupling of the US dollar from the gold standard in the early 1970s and kept the gears of diplomacy running under the din of Cold War rhetoric as Ronald Reagan's Secretary of State a decade later, died at 100.
An Ivy League-educated economist, Shultz moved seamlessly from academia to government to business. He served as labour secretary, director of the Office of Management and Budget and Treasury secretary under President Richard Nixon. In the Reagan administration, he clashed with more ideological members of the president's team in his efforts to craft a gradualist, consensus-based foreign policy.
He became Reagan's second Secretary of State, and the nation's 60th, in July 1982, following the resignation of Alexander Haig, and served through the end of Reagan's second term in January 1989.
Centre Appoints S.N. Subrahmanyan to Vacant Chair of NSC
Union Labour Ministry has signalled its intent of speedy operationalisation of the new Occupational Safety, Health and Working Conditions Code, 2020, (OSH) by filling up the post of Chairman of its National Safety Council (NSC).
It has appointed S. N. Subrahmanyan as head of the council for a period of three years.
Subrahmanyan, who is the CEO and Managing Director of Larsen & Toubro, is an eminent engineer who has spearheaded the infrastructure business of the firm for several years making it the country's largest construction organization and 14th in the world.
The NSC will assist the Director-General, Factory Advice Service and Labour Institutes (DGFASLI) in re-writing the regulations governing the OSH.
Feb 07, 2021
S.N. Subrahmanyan is Chairman of the National Safety Council
S.N. Subrahmanyan, CEO and Managing Director of L&T Ltd, has been appointed as Chairman of the National Safety Council.
"Subrahmanyan's experience will guide the National Safety Council which has a major role to play to ensure safety in workplaces under new Occupational Safety, Health and Working Conditions Code, 2020 (OSH Code, 2020).
The National Safety Council will assist DGFASLI in re-writing the regulations governing OSH in the country which have not been updated for over 50 years. The NSC will also be involved in framing the scheme for third party audit and certification under the OSH Code. The NSC is already working on establishments' safety rating based on their OSH readiness and performance, which can be extended through the country and linked to the inspection system.
Feb 06, 2021
Virat Kohli Remains Most-valued Celebrity for 4th Year in Row
According to an industry ranking, ace cricketer Virat Kohli has been ranked as the most valuable celebrity for the fourth consecutive year in 2020 with a brand value of USD 237.7 million, and the second and third slots have gone to Hindi film actors Akshay Kumar and Ranveer Singh.
Of the top ten most-valued celebs, only Kohli is outside of the filmdom and of the nine film stars only two are females in the 2020 ranking.
While Kohli's brand remained the same, the top 20 celebs lost 5 per cent of their combined value to USD 1 billion in 2020, Duff & Phelps, which specialises in brand valuation.
Feb 04, 2021
Praveen Sinha Named Acting CBI Chief
The Centre appointed the Central Bureau of Investigation's deputy chief, 1988 batch Gujarat cadre Indian Police Service officer Praveen Sinha, as the acting director of the federal agency with immediate effect, according to an order issued by Department of Personnel and Training.
Sinha, currently additional director in the agency, will look after the duties of CBI director till the high-powered selection committee led by Prime Minister Narendra Modi chooses the replacement for incumbent, Rishi Kumar Shukla, whose fixed two-year term ended, or until further orders.
Nagaland CM Neiphiu Rio Takes Charge as Chairman of NERPC
Nagaland Chief Minister Neiphiu Rio was appointed as chief of the North East Regional Power Committee (NERPC).
Rio took over as chairman from former chairman, James Sangma, Minister of Power, Meghalaya.
Zoho's Sridhar Vembu Appointed to Doval-led National Security Advisory Board
Zoho founder Sridhar Vembu has been appointed to the reconstituted National Security Advisory Board (NSAB) led by National Security Advisor (NSA) Ajit Doval.
Vembu is one of the Padma Shri awardees announced by the government of India this year. He is currently based in Tenkasi, Tamil Nadu, working from the company's office in the village.
The members of NSAB typically have two-year terms. Other new members in this term include former ISRO Chairman K Radhakrishnan, Anshuman Tripathy, faculty at IIM Bangalore, and Arun K Singh, former ambassador to France and the United States.
National Security Advisor Doval is the key advisor to Prime Minister Narendra Modi and the Cabinet Committee on Security (CCS) on six sensitive verticals including defence, internal security, strategic (nuclear) affairs, space, external affairs and intelligence and receives consultations from the NSAB.
Feb 03, 2021
Amazon's CEO Jeff Bezos to Step Down in Third Quarter
E-commerce giant Amazon.com Inc beat estimates for holiday-quarter sales and said that Jeff Bezos would move to the role of executive chair in the third quarter and be replaced by Amazon Web Services head Andy Jassy as chief executive officer.
The announcement came as Amazon released its financial results for its fourth quarter that ended December 31, 2020.
Bezos, who founded Amazon in 1994 had stepped back from much of the day-to-day business over several years, though the pandemic pulled him back in last spring.