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GS Paper I- History and Geography of the World and Society.

Indians Nooyi, Kochhar, Shikha On Fortune’s Most Powerful Women In Business List.

Background-

  • Two Indians — Chanda Kochhar and Shikha Sharma — have made it to the rankings of most powerful women in business outside the United States drawn up by the Fortune magazine while Indra Nooyi featured in the top three on the US edition list.
  • The Most Powerful Women in Business Outside the US list, which was topped by Banco Santander group executive chairman Ana Botin, placed ICICI Bank’s Kochhar at the fifth spot while Axis Bank’s Sharma has been ranked 21st.
  • PepsiCo chairman and CEO Indra Nooyi came in at No. 2 on the US Most Powerful Women in Business list, led by General Motors chairman and CEO Mary Barra. Lockheed Martin chairman, president and CEO Marillyn Hewson took the third spot.

 

Highlights Of The Development–

  • The international list also includes GSK CEO Emma Walmsley at the second place, followed by Engie CEO Isabelle Kocher at the third slot. This is the 17th year Fortune has ranked the most powerful women in business outside the US.
  • The 50 global businesswomen represent 17 countries and many industries and had 11 newcomers this year. The methodology involved four criteria: the size and importance of the woman’s business in the global economy, the health and direction of the business, the arc of the woman’s career (resume and runway ahead), and social and cultural influence.
  • The US list comprised 26 CEOs controlling $1.1 trillion in market cap, seven newcomers, one returnee, and nine women in the technology industry.

Sources- Livemint.

 

GS Paper II- Governance.

Kandla Port Renamed As ‘Deendayal Port’.

Background

  • The Kandla Port, one of the top 12 major ports in the country, has been rechristened as Deendayal Port from 25th September, 2017 in the name of Hindutva icon pandit Deendayal Upadhyay.
  • Kandla Port Trust is renamed as Deendayal Port Trust with effect from 25 September 2017.
  • The central government in exercise of powers conferred on it under Indian Ports Act, 1908 made the amendment to replace “Kandla” with “Deendayal”, as per a notification issued by the ministry of shipping.

 

Highlights Of The Development-

  • Prime Minister Narendra Modi, earlier this year, while laying foundation stone for Rs933 crore projects at Kandla Port had suggested that it be named after pandit Deendayal Upadhyay, who stood for the uplift of all sections of the society.
  • The port’s journey began in 1931 with construction of a jetty by Maharao Khengarji. Gradually this port in Gujarat became the number one port in India and on 31March 2016 it created history by handling 100 million tonnes cargo in a year—the first Major Port to achieve the milestone.
  • Located on the Gulf of Kutch, it is one of major ports on west coast. It is the largest port of India by volume of cargo handled.

Sources- Livemint.

 

GS Paper III- Technology.

Indian Start-Up Wins Award In Israel For Developing Affordable Modular Greenhouse.

Background

  • An Indian startup has won a prestigious award and a cash prize of USD 42,000 in Israel for developing an affordable modular greenhouse that aims to give farmers a steady and dependable income.
  • Kheyti, a Hyderabad-based startup, was chosen among the ten finalists in the prestigious MassChallenge Israel contest that saw participation from over 500 companies in 40 different countries.
  • The top ten finalists also included another Indian start-up ‘Sukriti’ which developed a smart toilet cabin employing hygiene maintenance systems to enhance user experience in sanitation.

 

Highlights Of The Development-

  • Kheyti, the Indian startup, had to go through a rigorous three-month process before sharing the honour with an Israeli startup as the “diamond winners” of this year’s contest. Each one of them were awarded a cash prize of USD 42,850.
  • The startup with a team of young entrepreneurs provides technology solutions for small farmers. It has developed a ‘greenhouse-in-a-box’, an affordable, modular greenhouse bundled with full stack services that, as per claims, uses 90 per cent less water, grows seven times more food and gives farmers a steady dependable income.
  • MassChallenge Israel, a startup-friendly accelerator, awarded USD 143,000 this week in zero-equity cash prizes to four of the highest-impact startups from its 2017 cohort.
  • The cash prize winners, along with the ten finalists, will take part in the first MassChallenge Israel US Trek, a curated business trip and introduction to the innovation ecosystems in Boston and New York in November.
  • Kheyti shared the top honour with Israeli startup, RenewSenses, which creates novel eyes-free perceptual experience for the visually impaired.

Sources- Hindustantimes.