Current Affairs India - 5 September 2014

1. Teachers' day is being observed today (5th September) across the nation that also remembers the birthday of India's finest teacher, famous philosopher and 2nd President of independent India Dr.Sarvepalli Radhakrishnan. The day is used to organize different events across the country to honour teachers across the nation.

2. India and Australia has signed a significant civil nuclear agreement in presence of Prime Ministers of both the countries which will allow Uranium rich Australia to supply uranium to India.  Australian Prime Minister Tony Abbott is now in India for his visit and met Indian Prime Minister today to discuss other ways to enhance cooperation in key areas of security and trade.

The nuclear deal will form a high point in the ongoing transformation of India-Australia relations. The efforts to sign civil nuclear deal were underway since 2012 after Labour party in Australia reversed its decision to ban the sale of uranium to India because of New Delhi not being a signatory to the Nuclear Non-Proliferation Treaty, NPT.

3. Former chief justice of India (CJI) P. Sathasivam was sworn in as the new Governor of Kerala today morning. He was administered the oath by acting Chief Justice of the Kerala High Court, Ashok Bhushan at the Raj Bhavan.

Mr. Sathasivam is the first former CJI to become the Governor of a state. Mr. Sathasivam succeeds former Delhi Chief Minister Sheila Dikshit who had resigned last week.

4. Central Government has initiated the process of appointing Justice H L Dattu as the next Chief Justice of India after the present incumbent R M Lodha retires on 27th September.  The Law Ministry has also cleared the file and sent to Prime Minister-s office for approval. He will have a tenure of little over one year before he retires on December 2, 2015.

As per current process, current CJI Justice Lodha had recently written to the Law Minister nominating Justice Dattu, the senior-most Supreme Court judge after him, as the next CJI. Justice Dattu (63) has been heading the bench monitoring investigations into the 2G spectrum scam.

5. India-s largest software services firm Tata Consultancy Services (TCS) has announced this week that the tenure of its Chief Executive Officer and MD N Chandrasekaran has been extended by five years to October 2019. Chandrasekaran, who was appointed CEO and MD for five years on October 6, 2009, has been re-appointed for another five years. His re-appointment will be effective from October 6, 2014.

Under his leadership, the company has seen its revenues growing to Rs. 85,933 crore (in last quarter), from Rs. 29,091 crore in Q2 FY-10 (when he took over). The company has grown as a CAGR of 24.2% one of the highest in the industry. TCS- market cap has also increased 4.1 times under his leadership from Rs. 1.2 lakh crore to Rs. 4.97 lakh crore.

6. Former Attorney General of India Goolam Essaji Vahanvati passed away of a heart attack in Mumbai on 2nd September. He was 65. He was the first Muslim to become India's Attorney General. He served as the solicitor general of India from 2004 to 2009 and became India's 13th Attorney General in 2009 under previous UPA-2 government.