Today's Top Headlines 11/04/2015

TOP HEADLINES 11-04-2015

1. Bharat Hari Singhania takes over as JK Organisation President 

i. Delhi-based JK Organisation has appointed Bharat Hari Singhania as its new president.

ii. He succeeds Gaur Hari Singhania, who died in February.

iii. Bharat Singhania has been with the organisation for more than five decades. He is the chairman of JK Paper, JK Lakshmi Cement and other group companies, apart from being on the board of JK Tyres and other companies and entities of the organisation.

2. Greenpeace India's license suspended

i. The Indian government announced it has "temporarily" suspended the registration of Greenpeace India under the foreign contributions law for "under-reporting" such funding it and conducting transaction of such funds without informing the authorities as required by the law.

ii. Along with the 180-day suspension, the ministry of home affairs froze all seven bank accounts of the organisation and served it a show-cause notice seeking explanation why its license should not be cancelled.

3. Apurvi Chandela wins Bronze in ISSF Rifle and Pistol World Cup

i. Commonwealth Games gold medal winning Indian shooter Apurvi Chandela today qualified for next year's Olympic Games after notching up the 10m air rifle bronze in the ongoing ISSF World Cup (Rifle/Pistol) in Changwon, Korea.

ii. Apurvi shot a total of 185.6 in the finals, to finish behind Pejcic Snjezana of Croatia, who won gold, and Ivana Maksimovic of Serbia, who clinched the silver medal.

iii. Pejcic eventually finished with a score of 209.1 to Ivana's 207.7 at the end of the gold medal match up. There were three Olympic quota places to be bagged in the event.

3. India's first IFSC becomes operational at GIFT City

i. India's first International Financial Services Centre (IFSC) at Gujarat International Finance Tec (GIFT) City in Gandhinagar district of Gujarat became operational today and Finance Minister Arun Jaitley unveiled rules and regulations for this global financial hub. 

ii. Jaitley also attacked the previous UPA government for being "lethargic" in giving permission to the IFSC. 

iii. The regulations are aimed at creating a vibrant IFSC on the lines of those in Dubai and Singapore and check the flight of trading in rupee and Indian securities to such offshore financial hubs. 

1. India to chair 9th IRENA meet in Abu Dhabi

i. India has been designated to chair the ninth meeting of the International Renewable Energy Agency (IRENA) Council. The meeting is scheduled to be held in June in Abu Dhabi.

ii. India is a founder Member of the IRENA. The body is an intergovernmental organisation that supports countries in their transition to a sustainable energy future.

iii. IRENA has two main governing structures. IRENA Assembly takes decisions at Macro level and gives policy guidance to IRENA.

iv. IRENA Council which is the main governing body of the agency responsible for implementing various decisions of the assembly.

6. NGT imposed ban on air pollution causing construction activities in National Capital Region

i. The National Green Tribunal (NGT) on 10 April 2015 imposed ban on all construction activities in the National Capital Region (NCR) that do not follow the guidelines provided by the then Union Ministry of Environment and forest in 2010.

ii. The directive was delivered by a bench headed by Justice Swatanter Kumar, NGT chairman, in order to check growing menace of air pollution in the NCR.