Competitive Exams: Current Affairs 2011: Corporate Affairs

Corporate Affairs

Serious Fraud Investigation Office

  • Serious Fraud Investigation Office is investigating 14 cases

  • Jurisdiction of Companies Act under which SFI-is functioning is restricted to India only.

  • since inception, the Serious Fraud Investigation Officers have Investigated 61 Companies. Corporate social responsibility

  • it is not mandatory for every company to have a corporate social responsibility.

  • But the Government has issued Corporate Social Responsibility Voluntary Guidelines 2009 for adoption by Companies voluntarily. 15795 MW Highest Ever Capacity Addition in the Power Sector During 2010 − 11 The prominent companies which added to the capacity include NTPC, Adani Power, Reliance Power and Tata Power etc. 11th plan addition target-62300 MW (revised) (78700 MW-original) 12th plan addition target-75000 − 100000 MW (tentative) Civil Aviation Ministry Reiterates Air Safety

  • In News: Fake pilot scam, helicopter accidents, security lapses by private airlines etc.

Directorate General of Civil Aviation (DGCA)

  • Directorate General of Civil Aviation is an attached office of the Ministry of Civil Aviation.

  • The Directorate General of Civil Aviation is the regulatory body in the field of Civil Aviation primarily dealing with safety issues. It is responsible for regulation of air transport services to/from/within India and for enforcement of civil air regulations, air safety and airworthiness standards. It also co-ordinates all regulatory functions with International Civil Aviation Organisation.

  • The headquarters are located in New Delhi with regional offices in the various parts of India.

  • There are 14 (fourteen) Regional Airworthiness Offices located at Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Trivandrum, Bhopal, Lucknow, Patna, Bhubaneshwar, Kanpur, Guwahati and Patiala.

  • Apart from the Regional Airworthiness Offices, there are 5 (five) Regional Air Safety offices located at Delhi, Mumbai, Chennai, Kolkata and Hyderabad, the Regional Research and Development Office located at Bangalore and the Gliding Centre at Pune.

  • India is participated in ICA-by the Representative of India.

Food Processing

  • In order to increase level of processing and to promote Food Processing Industries to exploit both the domestic and international market potential for processed food products, Vision 2015 document has been finalized by the Ministry of Food Processing Industries (MFPI), which envisages tripling the size of the processed food sector by increasing the level of processing of perishables from 6% to 20% value addition from 20% to 35% and share in global food trade from 1.5% to 3% by 2015.

  • The average annual growth rate of Food Processing Sector was 7% in 2004 which has gone up to over 14% in 2010. The over-all processing level was 6%, value addition was 20% in 2004 which has gone up to 11% and 26% respectively.

National Automotive Testing and R&D Infrastructure Project (NATRIP)

The National Automotive Testing and R&D Infrastructure Project (NATRIP) had been approved by the Government to create state-of-the-art Homologation, Testing, Validation and R&D infrastructure in the country.

Foreign Tourist Arrivals (FTAs)

The FTAs from top five countries in India in 2009 and their percentage share are as given.

Country FTAs % share

USA 8, 27, 140 16.01

UK 7, 69, 251 14.89

Bangladesh 4, 68, 899 9.07

Courtesy: The Hindu and Times of India