Business, Economy & Banking Current Affairs - 2020

Business, Economy and Banking in Current Affairs 2019 with latest news and current affairs in Agriculture, Industry, Banking, Capital Markets, Import and Export and Government schemes in commercial sector.

CCI gives nod to Jet-Etihad acquisition deal

Competition Commission of India (CCI) approved the proposed 24% stake acquisition in the Naresh Goyal–led Indian carrier Jet Airways by Abu Dhabi based Etihad airlines.

The deal will become the first-ever FDI in an Indian carrier by an overseas airline.  The deal has already been approved by SEBI, Foreign Investment Promotion Board (FIPB) and Cabinet Committee of Economic Affairs (CCEA).

The deal is important to Jet, which is facing significant financial challenges, as it brings an equity capital of Rs 2057.66 crore. The deal will also help the Indian civil aviation industry by enhancing capacity, increasing competition and bringing down airfares.

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Bharat Ratna for scientist Prof. C.N.R.Rao

PScreenshot_2rof. C.N.R. Rao,  the man behind India’s maiden Mars mission, to be conferred with the prestigious Bharat Ratna Award, India’s highest civilian award.

About C.N.R. Rao (Chintamani Nagesa Ramachandra Rao)

An Indian scientist

Worked mainly in solid-state and structural chemistry.

One of the world’s foremost solid state and materials chemists.

Rao’s work on transition metal oxides led to basic understanding of novel phenomena and the relationship between materials properties and the structural chemistry of metal oxides.

At present, he is the Head of the Scientific Advisory Council to the Prime Minister of India.

Author of around 1500 research papers.

Authored and edited 45 books.

First Indian scientist to reach the h-index of 100.

One of the earliest to synthesize two-dimensional oxide materials such as La2CuO4.

Rao’s findings have resulted into a systematic study of compositionally controlled metal-insulator transitions. Such findings have emmensely helpes in fields such as colossal magneto resistance and high temperature superconductivity. Oxide semiconductors have uncommon promise.

Made good contribution to nano materials, apart from his work on hybrid materials.

What is h-index (also called the Hirsch index or Hirsch number)?
  • h-index (also called the Hirsch index or Hirsch number) is a tool that measures the productivity and impact of the published work of a scientist or scholar.
  • Based on the set of the scientist’s most cited papers and the number of citations that the individual has received in other publications.
  • Physicist Jorge Hirsch was the first one to coin it in 2005.
  • George Whitesides of Harvard University has an h-index of 169, which makes him the highest ranked living chemist.

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