Current Affairs India - 24 September 2015

1. Union Government has approved for implementation of Integrated Air Command & Control System (IACCS) project of Indian Air force (IAF) and allocated Rs 8,000-crore for the same. IACCS system is an automated command and control system for Air Defence (AD) which integrates different air sensors and radars to protect Indian airspace. Currently, India has 5 IACCS nodes. The addition of four more nodes will help IAF to cover isolated islands thereby providing a security umbrella to the entire country.

2. Arvind Panagariya, vice-chairman of Niti Aayog, has been appointed as the sherpa for G20 negotiations. A sherpa represents the government or the Prime Minister at Group of 20 countries meetings and helps articulate the official position on critical issues. Panagariya will replace railway minister Suresh Prabhu, who has been the sherpa for G20 talks.

3. Telenor Group changed its brand identity along with legal company name from its Indian part name Uninor to Telenor India Communications Pvt. Ltd. Headquarterd in Oslo, Norway, Telenor group currently has mobile operations in 13 market with total 189 million mobile customers.

4. Reliance Industries Chairman Mukesh Ambani has retained the tag as India-s richest for the ninth consecutive years with a net worth of USD 18.9 billion as per Forbes magazine-s latest Indian richest list. Mukesh Ambani was followed by Sun Pharma-s Dilip Shanghvi as second place with a net worth of USD 18 billion and Wipro-s Azim Premji at third place with USD 15.9 billion.

In the top 10, Hinduja brothers were ranked 4th with USD 15.9 billion, followed by Pallonji Mistry at USD 14.7 billion, Shiv Nadar (USD 12.9 billion), Godrej family (USD 11.4 billion), Lakshmi Mittal (USD 11.2 billion), Cyrus Poonawala (USD 7.9 billion) and Kumar Mangalam Birla (USD 7.8 billion). Flipkart-s founders and low-cost airline IndiGo-s co-founder Rakesh Gangwal, who has featured in the list for the first time at 70th position with a net worth of USD 1.6 billion ahead of his company-s IPO.

5. Former Indian Cricket captain Sourav Ganguly has been appointed as the next President of Cricket Association of Bengal (CAB), as per athe announcement made by the West Bengal Chief Minister Mamata Banerjee. The post fallen vacant following recent death of Jagmohan Dalmiya. Ganguly was the Joint-secretary of the CAB at present and the son of former president Avishek Dalmiya will replace him.