WEF launches Global Centre for Cybersecurity
The World Economic Forum (WEF) on 24 January 2018 launched the Global Centre for Cybersecurity to safeguard the world from hackers and growing data breaches.
Headquartered in Geneva, the centre will become operational from March 2018. Initially, the centre will reach out key industry players and G-20 countries to make this platform a success for dialogue and real-time action on cyber threats.
Cyber breaches recorded by businesses are on the rise. In the last five years, cyber threats have almost doubled to an average of 130 breaches per business in 2017. Professional cyber criminals target high-value organisations like banks.
India ranked 81st on Global Talent Competitiveness Index
India has been ranked 81st on the annual global index of talent competitiveness, which was released on the first day of the 48th World Economic Forum (WEF) annual meeting in Davos, Switzerland.
While Switzerland continues to top the list, India has improved its position from 92nd last year. In 2016, India was placed at the 89th rank. The index measures how countries grow, attract and retain talent.
Though India has improved its position on the list, it still lags behind the other BRICS nations. China faired the best with 43rd rank, followed by Russia at 53rd, South Africa at 63rd and Brazil at 73rd position.
US Senate confirms Jerome H Powell as Chairman of Federal Reserve
The United States Senate on January 24, 2018 confirmed the appointment of Jerome H Powell as the Chairman of the Federal Reserve System, the central banking system of the United States.
Powell's appointment was approved by the Senate by vote of 85 to 12, as he was supported by a majority of Democrats and nearly all Republicans. Powell was nominated for the post in November 2017 by President Donald Trump.
Powell will replace Janet Yellen, whose term will end in February 2018. Yellen was appointed by President Obama in 2014 and has been the first woman to hold the position.
S Somanath takes charge as VSSC Director
Renowned scientist, S Somanath took charge as the Director of Vikram Sarabhai Space Centre (VSSC) in Thiruvananthapuram, Kerala on January 22, 2018.
The space centre is Indian Space Research Organisation’s lead centre for launch vehicles. Somanath took up the significant role at a function held in ISRO headquarters in Bengaluru.
He is currently the Director of Liquid Propulsion Systems Centre Liquid Propulsion Systems Centre, which is the lead centre responsible for liquid engines and stages for all launch vehicles and satellite programs of ISRO.
Ashok Lavasa assumes charge as Election Commissioner of India
Ashok Lavasa on January 23, 2018 assumed charge as the Election Commissioner (EC) of India. He was appointed to the post by President Ram Nath Kovind on January 21, 2018.
Lavasa succeeds Om Prakash Rawat, who was elevated as the Chief Election Commissioner. The third member of the top election body is Election Commissioner Sunil Arora.
Lavasa’s term as Election Commissioner would end in October 2022 and would thereafter serve as the Chief Election Commissioner.