Questions and Answers
Under which Ministry does the Central Drugs Standard Control Organisation (CDSCO) operate?
Ministry of Health & Family Welfare
What is the primary purpose of the corporate governance charter launched by the Confederation of Indian Industry (CII)?
To offer guidelines on corporate governance tailored for startups
What is the main benefit of ensuring good corporate governance in a company?
To ensure the company is run in a fair manner to achieve the best interests of all stakeholders
At which stage of a startup should the organisation's assets be distinct from the founders' assets?
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What is the role of the CDSCO's 9 zonal offices across the country?
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What is the purpose of the self-evaluative scorecard in the CII's corporate governance charter?
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What is the primary focus of the CII's corporate governance charter?
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What is a key aspect of corporate governance in India?
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What is the significance of the four stages of a startup in the CII's corporate governance charter?
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What is the main objective of the CDSCO?
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Study Notes
Banking and Finance
- ICICI Bank partnered with the National Payments Corporation of India (NPCI) to enable its NRI customers to make UPI payments instantly in India using their international mobile number.
- The Asian Development Fund (ADF) will be replenished with $5 billion to support vulnerable sections in the Asia Pacific region.
- Indian Overseas Bank will sell 92 NPA accounts having Rs 13,472 cr loan outstanding through e-auction.
- GetVantage, a pioneer in revenue-based finance (RBF), secured the first-ever NBFC license for an RBF start-up in India.
- India Ratings raises sovereign GDP growth estimate for FY25 to 7.1%.
- Groww Mutual Fund launches Groww Nifty Non-Cyclical Consumer Index Fund.
- Wipro and Microsoft teamed up for AI virtual assistants for financial services.
Business and Economy
- IndusInd Bank sets a new target of Rs 4.2 lakh crore by 2030.
- India is on track to become the third-largest consumer market by 2026, according to UBS.
- IndiGo places a firm order for 30 Airbus A350-900 widebody aircraft.
- India allows 14,000 MT non-basmati white rice exports to Mauritius.
- Indian airlines are expected to have 50% market share in international passenger traffic by FY28, according to CRISIL.
- Dhoni-backed EMotorad will build the world's biggest electric cycle gigafactory.
Science and Technology
- ISRO is working on a semi-cryogenic engine that uses liquid oxygen and kerosene.
- IIT Madras and Sambalpur University will collaborate on research.
Health
- World Health Organisation (WHO) released a report highlighting that global immunisation efforts have saved an estimated 154 million lives over the past 50 years.
- World Asthma Day 2024 was observed on May 7, 2024.
Miscellaneous
- Real Madrid clinched their 36th La Liga title.
- Sabyasachi Mukherjee became the first Indian designer to walk the Met Gala carpet.
- Air Marshal Nagesh Kapoor assumed command as AOC-in-C, Training Command.
- Visa appoints Sujai Raina as India head.
- José Raúl Mulino won Panama's Presidential Election.
- Frank Shrontz, former Boeing CEO, died at 92.
- Zee Media Corporation terminated CEO Abhay Ojha; Idris Loya will take over.
Regulatory Bodies
- CDSCO: The Central Drugs Standard Control Organisation operates under the Ministry of Health & Family Welfare, headquartered in New Delhi, and is responsible for approving drugs, conducting clinical trials, setting drug standards, and ensuring quality control of imported drugs.
- CII launches a new corporate governance charter for startups, which provides suggestions on Corporate Governance tailored for startups and offers guidelines suitable for different stages of a startup.
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