The famous corporate lawyer Rajiv Luthra When did Passed Away?

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3rd May 2023

5th May 2023

8th May 2023

10th May 2023

Correct Answer : 10th May 2023

Veteran corporate lawyer and founder of law firm Luthra & Luthra, Rajiv Luthra, died Wednesday (10th May 2023) after a brief illness. He was 67.

* Luthra is survived by his wife Gayatri and two daughters.

* Seven years after he started out to qualify as a chartered accountant, Luthra studied law from the University of Delhi at the age of 31 and eventually started his firm – Luthra & Luthra Law Offices – in 1989.

* It was after he set up this firm that Luthra took up courses at the Harvard Law School over seven years to study emerging areas of law as opportunities opened up for practising project finance, mergers and acquisitions in the post-liberalisation era.

* The full service tier-1 law firm with over 350 lawyers at its peak has offices in Mumbai and Bangalore. Luthra himself specialised in project finance and public private partnerships.

* A quintessential Delhi lawyer, Luthra was considered a jovial figure and mentored several corporate lawyers in the firm. He was an avid golfer and had founded an adventure travel company before setting up the law firm.

* The firm Luthra & Luthra has seen two splits in the last three years. L&L co-founder and corporate lawyer Mohit Saraf left the firm with over 20 partners to found Saraf and Partners in 2021 with the acrimonious split played out in the Delhi High Court. In July last year, the litigation arm of L&L also split to join DSK Legal as partners Bobby Chandhoke and Sudhir Sharma quit along with 60 lawyers..

Source : Indian Express

Published On : May 11, 2023

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In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024