Persons in News 2017

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Hindi Scholar and writer Surendra Verma selected for 2016 Vyas Samman award

Renowned Hindi Scholar, litterateur and playwright Surendra Verma (75) was selected for the prestigious Vyas Samman 2016.

He was chosen for this award for his novel Kaatna Shami Ka Vriksha : Padma Pankhuri Ki Dhar Se, published in 2010.

About Surendra Verma

  • Born on September 7, 1941 in Jhansi, Uttar Pradesh
  • He had started his career as a teacher and later writing stories.
  • His first play was Surya ki antim kiran sesurya kipahli kiran tak (From the Sun’s Last Ray to the Sun’s First Ray`). It has been translated in six different languages
  • So far he has published fifteen titles of short stories, novels, satires and play. Some of them Mujhe Chand Chahiyae, Surya Ki Antim Kiran Se Surya Ki Pahli Kiran Tak, Athwan Sarg and Qaid-e-Hayat etc.
  • Awards and Honours: He has won the Sangeet Natak Akademi Award (1993) and Sahitya Akademi Award (1996).

About Vyas Samman award

The Vyas Samman award award was instituted by the K.K. Birla Foundation in 1991. It is awarded annually to outstanding literary work in Hindi authored and published in past 10 years by an Indian citizen. The award carries monetary award of 2.5 lakh rupees, a citation and a plaque.

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Edappadi K Palaniswamy sworn-in as Chief Minister of Tamil Nadu

Edappadi K Palaniswamy was sworn in as the 13th chief minister of Tamil Nadu. He was administered oath of office and secrecy in a simple ceremony held at the Durbar Hall of Raj Bhavan in Chennai, state capital.

Along with Palaniswamy, 30 other ministers also took oath, with the total strength of the cabinet at 31. Now Palaniswamy will seek vote of confidence on the floor of the state Assembly.

About Edappadi K Palaniswamy

  • He is a senior leader of the All India Anna Dravida Munnetra Kazhagam (AIADMK). At present, he incumbent Member of the Legislative Assembly (MLA) from Edapadi constituency in the Salem district in Tamil Nadu.
  • Previously, he had served as Minister for Highways & Minor Ports in then Jayalalithaa and O. Panneerselvam-led Government of Tamil Nadu.
  • He was elected as the leader of AIADMK Legislature Party after incumbent V. K. Sasikala was convicted by the Supreme Court in the 20-year old disproportionate assets case.
  • Palaniswami has won the assembly election to the state assembly four times, in 1989, 1991, 2011 and 2016 from the Edapadi constituency.

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Senior IAS officer Ajay Tyagi appointed as SEBI Chairman

The Appointments Committee of the Cabinet (ACC) has appointed senior bureaucrat Ajay Tyagi (58) as the new chairman of the Securities and Exchange Board of India (SEBI).

Mr. Tyagi will have tenure of 5 years or till the age of 65 years or until further orders. He will succeed UK Sinha whose term ends on March 1, 2017. His name was recommended by the search-cum-selection panel headed by the cabinet secretary along with some other candidates.

About Ajay Tyagi

  • Ajay Tyagi is 1984 batch IAS (Indian Administrative Services) officer of Himachal Pradesh cadre.
  • Prior to this appointment, he was Additional secretary (investment) in the Department of Economic Affairs, Ministry of Finance, handling the capital market division.
  • He had served as the chairman of the finance ministry-appointed panel which monitored the merger of the Forward Markets Commission (FMC) with the SEBI.
  • He had represented India at the Financial Action Task Force (FATF), an intergovernmental body set up to combat money laundering, terror financing and other related threats.
  • Currently he is also representing India at the Financial Stability Board (FSB), an international body to monitor global financial systems. He also had led the initiatives on corporate bonds markets.

About Securities and Exchange Board of India (SEBI)

  • SEBI is the statutory regulator for the securities market in India established in 1988. It was given statutory powers through the SEBI Act, 1992.
  • Mandate: Protect the interests of investors in securities, promote the development of securities market and to regulate the securities market.
  • SEBI has is responsive to needs of three groups, which constitute the market, issuers of securities, investors and market intermediaries.
  • It has three functions: quasi-legislative (drafts regulations in its legislative capacity), quasi-judicial (passes rulings and orders in its judicial capacity) and quasi-executive (conducts investigation and enforcement action in its executive function).
  • Headquarters: Mumbai, Maharashtra.

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