Who has taken over as the 28th Controller General of Accounts (CGA) effective from 6th March 2023?

Daily Current Affairs

SS Dubey

Sumit Tyagi

Ashwini Vaishnaw

Soma Roy Burman

Correct Answer : SS Dubey

S.S. Dubey, a 1989-batch Indian Civil Accounts Service (ICAS) officer, has taken charge as the 28th Controller General of Accounts (CGA) effective from 6th March 2023.

Prior to this role, he was an Additional Controller General of Accounts, Public Financial Management System (PFMS).

Shri Dubey has served as Chief Controller of Accounts in Ministry of Housing & Urban Affairs, Department of Industrial Policy and Promotion etc. and as Controller/Deputy Controller of Accounts in Ministry of Environment & Forest, Ministry of External Affairs, Department of Revenue, Department of Supply etc. and was in-charge of budgeting, accounting, payment, internal audit etc. He also served as Financial Advisor & Chief Accounts Officer in Bank Note Press, Dewas.

On his Central deputation, Shri Dubey served as Joint Secretary & Financial Advisor to Ministry of Housing & Urban Affairs and Ministry of Development of North Eastern Region.

He was also Deputy Secretary/Director to Ministry of Food, Consumer Affairs & Public Distribution and supervised Targeted Public Distribution System (PDS) and CWC (PSU).

Shri Dubey was Government of India nominee Director on Board of Public Sector Undertakings like Engineering Projects India ltd., NBCC, HUDCO and Metro Rail Corporations of several states.

Besides, serving Government of India, Shri Dubey also has international experience of five years in United Nations, where he worked as Head of Procurement and Logistics, United Nations World Food Programme, New Delhi.

Controller General of Accounts (CGA) is ‘the Principal Advisor’ on Accounting matters to the Union Government. CGA is responsible for establishing and managing a technically sound Management Accounting System and preparation & submission of the accounts of the Union Government. CGA is also responsible for exchequer control and conduct of internal audits for the Central Government.

Source : PIB

Published On : March 7, 2023

Solar’s Ascendance in India :

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