Current Affairs PDF July 2012
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He performed as Vice Chairman of the Public Gas Corporation from 1994 to 1997 and he was the member of the Board of Directors of the Public Debt Management Office from 1998 to 2000. In addition, he was the managing Director of Kappa Securities in Athens. He was the Chairman and Chief Executive Officer of Emporiki Bank and Vice-Chairman of the Association of Greek Banks. Yannis Stournaras had completed his graduation from the Department of Economics at Athens University. He had completed is post graduation in Economic Theory and Policy from Oxford University.
INTERNATIONAL CONFERENCE ON AFGHANISTAN HELD IN JAPANESE CAPITAL TOKYO The day long International Conference on Afghanistan was held in Tokyo on 8 July 2012. Nearly 70 countries and organizations attended the conference, pledging a 16 billion dollar development aid to Afghanistan over the next four years. Multilateral organizations like World Bank and Asian Development Bank also attended the conference. At the end of the conference all the participant nations and groups adopted the Tokyo Declaration, on the security of Afghanistan. The declaration read the main threat to Afghanistan's security and stability comes from terrorism and that this threat also endangers regional and international peace and security. The declaration also endorsed key recommendations of a regional conclave hosted by India to promote direct investment in Afghanistan. The conference, which came in the wake of US and NATO force’s decision to pull out its troop from Afghanistan by the end of 2014, was aimed at providing monetary support to the war-torn nation. The development aid is intended to accelerate the pace of socio-economic development of the country.
EK BHARAT BHUSHAN DISMISSED AS THE CHIEF OF THE DIRECTORATE GENERAL OF CIVIL AVIATION The Civil Aviation Ministry of India sacked EK Bharat Bhushan, the head of the Directorate General of Civil Aviation, on 10 July 2012. Prashant Sukul, joint secretary, the Ministry of Civil Aviation took over as the temporary head of DGCA. The ministry’s move came as a big surprise as the Appointments Committee of the Cabinet in its meeting held on 4 July 2012, had extended his tenure as the head of DGCA for another one year with effect from 1 December 2011. A 1979 batch IAS officer from the Kerala cadre, Bharat Bhushan had assumed charge as DGCA chief from Syed Nasim Ahmad Zaidi in December 2010. Post removal, he is set to go back to the Ministry of Civil Aviation as Additional Secretary. During the 20-month period at the helm of the aviation regulatory body, Bharat Bhushan took variety of measures to ensure the safety of passengers. He also came hard on cash-strapped King Fisher Airlines and Air India forcing them to pay the pending salary of their employees to ensure the better functioning of the airline companies. Besides, he implemented various corrective measures to revitalize the ailing aviation industry of the country. www.jagranjosh.com
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Current Affairs PDF July 2012