SEPC, FICCI - Current Affairs Questions and Answers

ANSWER: Sunil Godhwani

Explanation:
Religare Enterprises Limited (REL) on 5 September 2016 appointed Sunil Godhwani as its Chief Executive Officer (CEO).

• He was the MD since 2007 and Chaurman since April 2010
• Godhwani is appointed the Whole Time Director and CEO for the remaining period of his tenure.
• He holds a BS and MS degree from an NYU school and participates in business forums like CCI and FICCI.
• Religare Enterprises Limited is the holding company for India’s leading diversified financial services groups with HQ in New Delhi
• It has 1 million clients in India

ANSWER: 7.8 percent

Explanation:
As per a FICCI survey, India’s economy is likely to expand by 7.8 percent during the current financial year.

• There has been marginal improvement in growth estimate for 2016-2017
• RBI also pegged the growth rate at 7.6 percent in 2016-2017
• FICCI’s Economic Outlook survey put median GDP growth forecast of 7.8 percent for the current fiscal year. Further, the estimated median GVA (gross value added) growth for Q1 FY17 has been put at 7.6 percent.
• The survey was conducted during July-August among leading economists belonging to the industry, banking and financial services sector.
• The trade body also said the median growth forecast for IIP has been put at 3.5 percent for the year 2016-17, with a minimum and maximum range of 2 percent and 4.3 percent, respectively. Median inflation forecast for 2016-17 has noted a marginal increase in comparison to the previous round.
• The median forecast for Wholesale Price Index based inflation rate for 2016-17 has been put at 2.4 percent while for Consumer Price Index it is 5.2 percent.

ANSWER: Australia India Business Council

Explanation:
FICCI has just inked an MoU with Australia India Business Council aimed at strengthening and promoting business ties with Australia. Agreement was signed in the presence of visiting Finance Minister Arun Jaitley.

• AIBC is a national membership organisation with active chapters in Adelaide, Perth, Canberra, Sydney and Melbourne.

ANSWER: None of the above

Explanation:
Harshvardhan Neotia, Chairman of Ambuja Neotia group was elected as FICCI president for the year 2016. Neotia will succeed current president Jyotsna Suri, Chairperson and MD of Bharat Hotels Ltd during the AGM in December 2015. Neotia is the Senior VP of FICCI currently. He is also a Padma Shri awardee and chairman of Abuja Neotia Group covering the complete spectrum of the real estate industry.

ANSWER: Manipal University

Explanation:
Manipal University has won university of the year and excellence in employability FICCI Higher Education Awards 2015 at a summit lasting from 1st to 7th November 2015 in New Delhi. Manipal University is the highest ranked comprehensive private deemed university in the QS BRICS and Asia rankings. There are a total of 700 universities in India.