19 May 2014 Current Affairs
PMEAC Chairman C Rangarajan Resigned
Dr C Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC), resigned on 19 May. He sent his resignation to the Prime Minister Manmohan Singh. Since the term of the PMEAC was parallel to that of the Prime Minister, hence with the resignation of the PM Manmohan Singh on 17 May 2014, the PMEAC also needs to resign. C Rangarajan has been the Chairman of PMEAC since 2005. He is a well known economist and a former Member of Parliament. He has also served at the Reserve Bank as its governor from 1992-97.
Three Time F-1 Champion Sir Jack Brabham Died
Sir Jack Brabham, the three-time Formula One world champion, has died on 19 May at his home in Australia. He was 88 years old. He was also known as Black Jack. He won the F-1 titles in 1959, 1960 and 1966. In 1966, he won the F-1 title in his own car named Brabham, which was built by him.