11 August 2015 Current Affairs
India-born Sundar Pichai appointed the new CEO of Google
On 11 August 2015 Sundar Pichai was appointed chief executive of Google , after the company’s founders announced plans to restructure its operations under the Alphabet parent company.Google has announced a major restructuring, that will see the internet giant separate its core business from its ambitious research divisions, and launch a new parent company called Alphabet.As part of the restructure, Larry Page will become chief executive of Alphabet, Sergey Brin will become president, Eric Schmidt will become executive chairman, and Sundar Pichai, who previously oversaw many of the search company’s core products, will become chief executive of Google – which will incorporate search, web advertising, Gmail, YouTube, Chrome and Android.
India & World Bank signed agreement with NCRMP-II
On 11th August 2015, to support the second phase of the National Cyclone Risk Mitigation Program (NCRMP-II) an agreement of 308.40 million US dollar was signed between World Bank and Union Government. State Governments of Goa, Gujarat, Karnataka, Kerala, Maharashtra, and West Bengal also signed the agreement.On behalf of the World Bank, John Blomquist, Program Leader and Acting Country Director in India and Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of the Union Government signed the agreement.
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