In 2017, SEBI had formed a "Committee on Corporate Governance" which recommended separating the roles of Chairperson and MD/CEO of listed entities. Who was the head of this committee?

Daily Current Affairs

Uday Kotak

Anand Mahindra

Dilip Shanghvi

Cyrus Poonawalla

Correct Answer : Option (A) - Uday Kotak

Securities and Exchange Board of India (SEBI) board has decided to make provision for separation of the roles of chairperson and MD/CEO as ‘voluntary’ against ‘mandatory’ earlier. The market regulator had in June 2017 set up a committee on corporate governance under Uday Kotak with a view to seek recommendations to further enhance corporate governance norms for listed companies.

One of the recommendations that the Committee came out with was the separation of the roles of chairperson and MD/CEO of listed companies. This was proposed to provide a better and more balanced governance structure by enabling more effective and objective supervision of the management. The Sebi board, in its meeting in March 2018 approved the proposal for the top 500-listed entities. Later the deadline for compliance was extended by two years in January 2020.

Published On : February 17, 2022

Strengthening the Statistical Foundation :

* The Ministry of Statistics and Programme Implementation plays a pivotal role in the Indian government’s efforts to gather, analyze, and disseminate statistical data, which serves as the foundation for informed policymaking and decision-making processes. As the new Secretary of this crucial ministry, Saurabh Garg will be tasked with ensuring the continued efficiency and effectiveness of the ministry’s operations.

* Garg’s expertise and experience in the field of public administration will be invaluable in guiding the ministry’s efforts to collect, collate, and disseminate comprehensive statistical data on various aspects of the Indian economy and society. This data, in turn, will assist policymakers, researchers, and other stakeholders in formulating and implementing evidence-based policies and strategies that cater to the diverse needs of the nation.

Published On : April 18, 2024

Q .

Which Companies are Collaborate to Advance Renewable Energy (14.4 megawatts) in India?

Apple and CleanMax

Tesla and CleanMax

Google and CleanMax

Microsoft and CleanMax

Correct Answer : Option (A) - Apple and CleanMax

Apple has partnered with CleanMax to deploy 14.4 megawatts of rooftop solar installations across six industrial sites in India, aimed at reducing emissions associated with its operations in the country.

Joint Venture Overview :

* Apple and CleanMax have established a joint venture to invest in renewable energy projects in India.

* The venture has already installed rooftop solar solutions across six industrial sites, totaling 14.4 megawatts.

Environmental Impact :

* The installations are expected to mitigate approximately 207,000 tons of carbon emissions throughout their operational lifespan.

Innovative Business Model :

* The collaboration features a unique business model where the environmental benefits support Apple’s efforts to address emissions from its operations in India.

Localized Energy Solutions :

* The additional capacity from the solar projects will power Apple’s offices, retail stores, and other operations in India, contributing to the company’s commitment to 100% renewable energy globally since 2018.

Published On : April 18, 2024

Q .

In which year was the Protection of Women from Domestic Violence Act enacted?

2005

2010

2015

2020

Correct Answer : Option (A) - 2005

The Protection of Women from Domestic Violence Act was enacted in 2005 to provide legal protection and remedies to women facing domestic violence, regardless of their religious or social background.

This act is a crucial step in addressing and combating domestic violence against women in India, highlighting the government's commitment to safeguarding women's rights and well-being.

Published On : April 17, 2024