Who set to be next CMD of Konkan Railway Corporation Limited (KRCL) from 2nd Nov 2023?

Daily Current Affairs

Arun Kumar Jain

Santosh Kumar Jha

Naresh Lalwani

Jaya Verma Sinha

Correct Answer : Santosh Kumar Jha

Santosh Kumar Jha is set to be next Chairman & Managing Director (CMD) of Konkan Railway Corporation Limited (KRCL), a PSU under the Ministry of Railways. He has been recommended for the post by the Public Enterprises Selection Panel (PESB) panel on Thursday (2nd Nov 2023). Presently, he is serving as Director (Operations & Commercial) in the same organisation.

Jha has been recommended for the post of CMD of Konkan Railways from a list of five candidates, who were interviewed by the PESB selection panel in its selection meeting held on November 2, 2023.

The candidates who were on the list were each one from Bridge & Roof Company (India) Ltd., IRCON International Ltd, Rail Vikas Nigam Ltd. (RVNL) and Indian Railways Service of Electrical Engineering.

Jha is an Indian Railway Traffic Services (IRTS) officer of 1992-batch. He holds M. Sc. (Geology) from Lucknow University and an MBA (Marketing) from Jamnalal Bajaj Institute of Management Studies, Mumbai. He has rich experience over 28 years of experience in operations, infrastructure planning and business development. He has hands on experience as head of operations on major divisions of Indian Railways.

As CMD of Konkan Railways, Jha will be the Chief Executive of the corporation and will be accountable to its Board of Directors and the Government. He will be responsible for the efficient functioning of the corporation for achieving its corporate objectives and performance parameters..

Source : PSU Watch

Published On : November 9, 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