Indra Nooyi to step down as Pepsico CEO
Pepsico CEO Indra Nooyi will step down from the position on October 3, 2018, after helming the post for the last 12 years. The announcement was made by Pepsico on August 6, 2018.
Ramon Laguarta, who has worked with Pepsico for over 22 years, will be succeeding Nooyi. The 54-year-old was unanimously elected to the position by PepsiCo's Board of Directors. He will become the sixth CEO of the company in its 53-year old history.
While Nooyi will step down as CEO of food and beverage giant PepsiCo in October, she will continue to serve as the Chairman of the company till early 2019.
Parliament passes Criminal Law (Amendment) Bill, 2018
Indian Parliament on August 6, 2018 passed the Criminal Law (Amendment) Bill, 2018 that proposes to enhance punishment for rape of a child. The Bill was earlier passed by the Lok Sabha on July 30, 2018.
The Bill seeks to replace the Criminal Law (Amendment) Ordinance, 2018 promulgated on April 21, 2018 following an outcry over the rape and murder of a minor girl in Kathua in Jammu and Kashmir and the rape of another woman at Unnao in Uttar Pradesh.
The Bill stipulates stringent punishment for those guilty of rape, particularly of girls below the age of 16 and 12 years. The ordinance also orders death sentence to those guilty of raping girls below the age of 12 years.
Parliament passes bill to give constitutional validity to NCBC
The Rajya Sabha on August 6, 2018 passed the Constitution (123rd Amendment) Bill that seeks to provide constitutional status to the National Commission for Backward Classes (NCBC).
The bill was passed in the upper house of the Parliament with an absolute majority and over two-third majority of the members present and voting. All 156 members present in the house voted in favour of the bill.
The Lok Sabha had passed the crucial bill on August 2 with over two-third majority, with all 406 members present voting in favour after an almost five-hour long debate. The House had passed the bill superseding the amendments by the Rajya Sabha.
Telangana launches life insurance scheme worth Rs 5 lakh for farmers
The state government of Telangana on August 6, 2018 launched the first-of-its-kind life insurance programme worth Rs 5 lakh for the farmers in the state.
The scheme, which is called Rythu Bandhu Life Insurance Bonds, is expected to benefit 2.8 million farmers and their families. Under the programme, the families of the farmers will get the insurance amount irrespective of whether the farmer’s death is natural or accidental.
Lok Sabha passes SC and ST (Prevention of Atrocities) Amendment Bill, 2018
The Lok Sabha on August 6, 2018 passed the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Amendment Bill, 2018.
The Bill was introduced in Lok Sabha by the Minister for Social Justice and Empowerment, Thaawar Chand Gehlot on August 3, 2018. It states that the investigating officer will not require the approval of any authority for the arrest of an accused. Further, a preliminary enquiry will not be required for the registration of a First Information Report against a person accused under the Act.
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