Govt renames IDSA as Manohar Parrikar Institute for Defence Studies and Analyses
* The Government has decided to rename the Institute for Defence Studies and Analyses (IDSA) as the ‘Manohar Parrikar Institute for Defence Studies and Analyses’. The decision has been taken to honour the commitment and legacy of late Manohar Parrikar, stated the Ministry of Defence in a Press communication, adding that it will align the vision and aspiration of the premier defence Institute with the contribution of the former Defence Minister and Padma Bhushan awardee.
* Manohar Parrikar “biggest” contribution was towards the implementation of long-standing One Rank One Pension (OROP) demand for the armed forces. The defence minister chairs the Executive committee of the lnstitute’s society. Mr Parrikar was defence minister from November 9, 2014, to March 14, 2017.
NCLAT allows JSW Steel to acquire Bhushan Power and Steel
* The National Company Law Appellate Tribunal allowed JSW Steel to acquire of Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution by Enforcement Directorate.
* A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will get immunity from the acts done by the former promoters of Bhushan Power & Steel Ltd (BPSL).
* This comes after the government recently amended Section 32A of the Insolvency and Bankruptcy Code, providing immunity to the bidders and the insolvent company’s assets from the investigation.
Barry O’Farrell appointed as Australian High Commissioner to India
* Barry O’Farrell has been appointed as Australia’s next High Commissioner to India. The former NSW Liberal Premier replaces Harinder Sidhu, who has held the post since February 2016.
* Mr. O’Farrell will be charged with strengthening ties with India, which is one of Australia’s most important strategic and trading partners.
Ashraf Ghani declared winner of Afghanistan’s presidential election
* Afghan President Ashraf Ghani appears to have won a second term, according to preliminary results announced by the country’s election commission, three months after a contested election tainted by a low turnout and allegations of fraud.
* Ashraf Ghani has won the Presidential elections by winning 9,23,592 votes or 50.64% of the total votes. He defeated his closest opponent Abdullah Abdullah who recieved 7,20,841 votes or 39.52% of votes. The Election Commission stated that only 1.8 million Afghan citizens voted in the election out of total 9.6 million eligible voters in the country.