1 November 2013 Current Affairs
India's CAG wins Election To United Nations Board Of Auditors
India on 1 November won a crucial election to the UN Board of Auditors with its nominee Shashi Kant Sharma, the Comptroller and Auditor General, garnering the largest number of votes.Sharma won 124 votes out of the total 186 cast in the General Assembly's Fifth Committee on Administrative and Budgetary questions.India won by a comfortable margin against its closest contender the Philippines, which got 62 votes.Having obtained the required majority and the largest number of votes, Shashi Kant Sharma will be appointed to the UN Board of Auditors for a six year term beginning on 1 July 2014.The General Assembly in 1946 established the UN Board of Auditors to audit of the accounts of the United Nations organisation and its funds and programmes and to report its findings and recommendations to the Assembly through the Advisory Committee on Administrative and Budgetary Questions.
G. K. Pillai Appointed as the Chairman of MCX-SX
G.K. Pillai, the former Union Home Secretary on 1 November was appointed as the Chairman of the MCX-SX. Thomas Mathew T, the former acting chairman of the Life Insurance Corporation has also been appointed as the Vice President of the bourse.MCX-SX (MCX Stock Exchange Limited) is a new stock exchange of India. It is recognized by the Securities and Exchange Board of India under Section 4 of Securities Contracts (Regulation) Act, 1956. MCX-SX became the recognized stock exchange by the Union Ministry of Corporate Affairs on 21 December 2012, under Section 2(39) of the Companies Act, 1956 .