21 February 2013 Current Affairs

Ratan Tata receives E&Y lifetime award

Former Tata Group head Ratan Tata is this year’s recipient of the ‘life time achievement award’ instituted by Ernst & Young, for ‘asserting a greater role for Indian entrepreneurs on the global business landscape’.The entrepreneur of the year (2012) award went to Godrej Group Chairman Adi Godrej.The entrepreneur of the year is the only business award to be based on self-nomination.

8.2 percent of Indian Americans live below poverty line

According to the 2007-2011 American Community Survey, 42.7 million people in the United States had income below the poverty level. The national poverty rate is 14.7 percent.With 8.2 percent of poverty rate, Indian Americans are far less poor than the national average.The Japanese Americans too have a 8.2 percent poverty rate. For the Asian population, poverty rates were higher for Vietnamese (14.7 percent) and Koreans (15.0 percent), but the Filipinos have the lowest poverty rate of 5.8 percent.

T. S. Vijayan Took over as IRDA new Chairman(T.S.Vijayan is new IRDA chief)

On 21 February T.S. Vijayan, former Chairman of Life Insurance Corporation, has took over as the Chairman of the Insurance Regulatory and Development Authority (IRDA) .He succeeds J Hari Narayan who completed his five-year term on February.

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