Hindi poet Kedarnath Singh wins Jnanpith
i. Noted Hindi poet Kedarnath Singh has been chosen for the prestigious Jnanpith award for 2013.
ii. Singh is the 10th Hindi writer to receive the honour and joins the likes of Sumitra Nandan Pant, Ramdhari Singh Dinkar among others. He will be the recipient of the 49th Jnanpith award.
iii. Singh, 80, who has also written essays and stories, was born in Balia, UP, and Abhi bilkul abhi and Yahan se dekho are among his prominent works.
iv. The award includes Rs 11 lakh and a citation, a release from the Jnanpith award committee said
SEBI issues new norms for public issuance of debt securities
i. Market regulator SEBI has issued new norms for public issuance of debt securities under which such offers have to be of minimum Rs 100 crore, while issuers would need to make additional disclosures and attain atleast 75 per cent subscription.
ii. The Securities and Exchange Board of India (Sebi) said that the entities coming out with public issue of NCDs would have to provide granular disclosures in their offer document, with regards to the "object of the issue".
iii. Also, an entity has to make additional disclosures in the offer document about details of money utilised from the previous issues of the issuer as well as the group companies.
iv. The new norms would be applicable for the draft offer document for issuance of debt securities filed with the stock exchanges on or after July 16.
Rushdie wins Pen Pinter writing prize
i. Indian-born Booker Prize winning author Salman Rushdie was on Friday named the winner of this year's prestigious Pen Pinter prize for his outstanding literary output and support for freedom of expression.
ii. The award was established in 2009 by writers' charity English Pen in memory of famous British playwright and Nobel laureate Harold Pinter.
iii. Maureen Freely, chair of the judging panel, said "This prize is English Pens way of thanking Salman Rushdie not just for his books and his many years of speaking out for freedom of expression, but also for his countless private acts of kindness.
iv. "The work of Pen, both in promoting the best of world literature and in opposing abuses of freedom, continues to be vitally important, and I'm proud to have been a part of that effort in England as well as the United States," he added.
v. The New York-based author will be presented with this prize at a ceremony at the British Library in London on October 7 and will deliver an address at the event. His prize will be shared with an "International Writer of Courage", selected by him in association with English Pen's Writers at Risk committee.
vi. Rushdie is best known for his acclaimed novel 'Midnight's Children', for which he won the Booker followed by the one-off Best of Booker in 2008, and the controversial 'The Satanic Verses' for which he went into hiding in 1989 after it sparked widespread protests by Muslims and a fatwa from Iran's Ayatollah Khomeini.
vii. The author was knighted in 2007 for services to literature.
FinMin mulls fixed 5-year term for PSB chief
i. The Union finance ministry is considering a proposal to provide a fixed tenure of five years to heads of public sector banks (PSBs). The aim is more operational stability and accountability.
ii. It is also considering changes in the appointment procedure of wholetime directors and revising the criteria for selection of non-official directors on PSB boards.
iii. We have proposed a fixed tenure of five years for chairmen & managing directors of PSBs,” said a ministry official. The department of financial services has discussed its proposals with minister Arun Jaitley, who will decide.
iv. The department has argued that a fixed tenure would give CMDs enough scope to strategise and take action, beside increasing their level of commitment and accountability.
v. The problem, though, is that heads of public sector undertakings (PSUs) in other sectors would also ask for a fixed tenure. The retirement age for all PSU executives is 60 years. So, generally, the term of a CMD varies between one year and five years.
Note: The P J Nayak committee on governance changes in PSBs had also recommended a minimum five-year tenure for CMDs and a minimum three-year tenure for EDs.
UN award for govt’s Mobile Seva initiative
i. An initiative conceptualised by Indian government’s Department of Electronics and Information Technology to enable delivery of public services electronically through the mobile platform has been awarded a United Nations public service award.
ii. Mobile Seva, a nationwide initiative conceptualised, funded and implemented by the Department of Electronics and Information Technology (DeitY), is among the second-place winners of the 2014 UN Public Service Awards, along with Bahrain, Brazil, Cameroon, Republic of Korea and Spain.
iii. The vision of Mobile Seva is to mainstream mobile governance in India as a new paradigm for e-delivery of public services through mobile devices. It leverages the massive penetration of mobile phones in India to substantially enhance access to electronic services, especially in the rural areas.
iv. The main objectives of the initiative are to be a one-stop solution for all mobile-based public service delivery needs through mobile-based channels, including SMS, voice/Integrated Voice Response System and mobile applications, a statement said.
Note: i. The first place winners are Austria, Bahrain, Brazil, Morocco, Oman, Republic of Korea, Singapore, South Africa, Thailand, Turkey, Uruguay.
ii. Winners from 14 countries will be honoured for their innovative projects in fighting poverty and promoting sustainable development at a ceremony on June 26 in Seoul.
i. Noted Hindi poet Kedarnath Singh has been chosen for the prestigious Jnanpith award for 2013.
ii. Singh is the 10th Hindi writer to receive the honour and joins the likes of Sumitra Nandan Pant, Ramdhari Singh Dinkar among others. He will be the recipient of the 49th Jnanpith award.
iii. Singh, 80, who has also written essays and stories, was born in Balia, UP, and Abhi bilkul abhi and Yahan se dekho are among his prominent works.
iv. The award includes Rs 11 lakh and a citation, a release from the Jnanpith award committee said
SEBI issues new norms for public issuance of debt securities
i. Market regulator SEBI has issued new norms for public issuance of debt securities under which such offers have to be of minimum Rs 100 crore, while issuers would need to make additional disclosures and attain atleast 75 per cent subscription.
ii. The Securities and Exchange Board of India (Sebi) said that the entities coming out with public issue of NCDs would have to provide granular disclosures in their offer document, with regards to the "object of the issue".
iii. Also, an entity has to make additional disclosures in the offer document about details of money utilised from the previous issues of the issuer as well as the group companies.
iv. The new norms would be applicable for the draft offer document for issuance of debt securities filed with the stock exchanges on or after July 16.
Rushdie wins Pen Pinter writing prize
i. Indian-born Booker Prize winning author Salman Rushdie was on Friday named the winner of this year's prestigious Pen Pinter prize for his outstanding literary output and support for freedom of expression.
ii. The award was established in 2009 by writers' charity English Pen in memory of famous British playwright and Nobel laureate Harold Pinter.
iii. Maureen Freely, chair of the judging panel, said "This prize is English Pens way of thanking Salman Rushdie not just for his books and his many years of speaking out for freedom of expression, but also for his countless private acts of kindness.
iv. "The work of Pen, both in promoting the best of world literature and in opposing abuses of freedom, continues to be vitally important, and I'm proud to have been a part of that effort in England as well as the United States," he added.
v. The New York-based author will be presented with this prize at a ceremony at the British Library in London on October 7 and will deliver an address at the event. His prize will be shared with an "International Writer of Courage", selected by him in association with English Pen's Writers at Risk committee.
vi. Rushdie is best known for his acclaimed novel 'Midnight's Children', for which he won the Booker followed by the one-off Best of Booker in 2008, and the controversial 'The Satanic Verses' for which he went into hiding in 1989 after it sparked widespread protests by Muslims and a fatwa from Iran's Ayatollah Khomeini.
vii. The author was knighted in 2007 for services to literature.
FinMin mulls fixed 5-year term for PSB chief
i. The Union finance ministry is considering a proposal to provide a fixed tenure of five years to heads of public sector banks (PSBs). The aim is more operational stability and accountability.
ii. It is also considering changes in the appointment procedure of wholetime directors and revising the criteria for selection of non-official directors on PSB boards.
iii. We have proposed a fixed tenure of five years for chairmen & managing directors of PSBs,” said a ministry official. The department of financial services has discussed its proposals with minister Arun Jaitley, who will decide.
iv. The department has argued that a fixed tenure would give CMDs enough scope to strategise and take action, beside increasing their level of commitment and accountability.
v. The problem, though, is that heads of public sector undertakings (PSUs) in other sectors would also ask for a fixed tenure. The retirement age for all PSU executives is 60 years. So, generally, the term of a CMD varies between one year and five years.
Note: The P J Nayak committee on governance changes in PSBs had also recommended a minimum five-year tenure for CMDs and a minimum three-year tenure for EDs.
UN award for govt’s Mobile Seva initiative
i. An initiative conceptualised by Indian government’s Department of Electronics and Information Technology to enable delivery of public services electronically through the mobile platform has been awarded a United Nations public service award.
ii. Mobile Seva, a nationwide initiative conceptualised, funded and implemented by the Department of Electronics and Information Technology (DeitY), is among the second-place winners of the 2014 UN Public Service Awards, along with Bahrain, Brazil, Cameroon, Republic of Korea and Spain.
iii. The vision of Mobile Seva is to mainstream mobile governance in India as a new paradigm for e-delivery of public services through mobile devices. It leverages the massive penetration of mobile phones in India to substantially enhance access to electronic services, especially in the rural areas.
iv. The main objectives of the initiative are to be a one-stop solution for all mobile-based public service delivery needs through mobile-based channels, including SMS, voice/Integrated Voice Response System and mobile applications, a statement said.
Note: i. The first place winners are Austria, Bahrain, Brazil, Morocco, Oman, Republic of Korea, Singapore, South Africa, Thailand, Turkey, Uruguay.
ii. Winners from 14 countries will be honoured for their innovative projects in fighting poverty and promoting sustainable development at a ceremony on June 26 in Seoul.
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