16 September 2014 Current Affairs
Kaushik Basu Appointed As President-Elect of IEA
The International Economic Association (IEA) has appointed Kaushik Basu, who is Chief Economist and Senior Vice President of the World Bank, as its president-elect. Meanwhile, Basu will continue serving as Senior Vice President and World Bank Chief Economist. A World Bank Chief Economist is appointed for a 4 year term and Basu started his Job as Senior Vice President and World Bank Chief Economist on October 1, 2012. IEA is one of the most important associations of professional economists, and has been influential in shaping global economic policy and research.
Mukesh Ambani Tops Richest Indian List
Reliance Industries (RIL) Chairman Mukesh Ambani has again topped the list of richest Indian while Adani Group Chairman Gautam Adani has made it to the 10th spot. As per the Hurun India Rich List for 2014, Mukesh Ambani’s wealth has risen 37 percent to Rs 1.65 lakh crore this year. Founder and managing director of Sun Pharmaceuticals Dilip Shangvi overtakes Laxmi Mittal at the 2nd spot.