Daily GK Updates: 11th Sept 2014
1. Subhash Chandra Garg appointed as World Bank ED
i. Senior IAS officer Subhash Chandra Garg was today appointed as Executive Director (ED) in World Bank.
ii. Garg, a 1983-batch IAS officer of Rajasthan cadre, will have a tenure of three years from the date of assuming charge of the post, said an order issued by the Appointments Committee of Cabinet (ACC).
iii. The Executive Directors are responsible for the conduct of the general operations of the World Bank and exercise all the powers delegated to them by the Boards of Governors. They also select a President who serves as Chairman of the Boards.
iv. They are responsible for International Bank for Reconstruction and Development’s loans, guarantees and policies that impact the World Bank’s general operations among others.
v. The ACC had last month approved the proposal for extension of tenure of M N Prasad, a 1972 batch IAS officer of Bihar cadre (retired), as Executive Director, World Bank till October 31.
2. Govt sets up panel to review environment laws
i. The Government has constituted a high-level committee to review various environment laws in order to bring them in line with current requirements.
ii. The four-member panel, headed by former Cabinet Secretary T S R Subramanian, has been asked to review five key green laws concerning protection and conservation of environment, forest, wildlife, water and air among others.
iii. The committee has been set up in the backdrop of government taking serious measures to fasten the environment clearance process for achieving economic growth without compromising green issues.
iv. "Based on experience gained in the implementation of aforesaid Acts, it has been decided to constitute a high-level committee to review these Acts and suggest appropriate amendments to bring them in line with their objectives," said a Ministry order.
