Gavaskar appoints HDFC chairman as his special advisor for 7th edition of IPL

 

1.    Gavaskar appoints HDFC chairman as his special advisor for 7th edition of IPL

i. The Interim President of BCCI-IPL Sunil Gavaskar today appointed Housing Development Finance Corporation (HDFC) chairman Deepak Parekh as his special advisor for the seventh edition of the Indian Premier League.

ii. Parekh will be a special invitee during the IPL governing council meeting as his vast expertise in financial affairs will enable Gavaskar to ensure smooth functioning of IPL affairs for the next two months.

iii. Former India opener Gavaskar was appointed the interim president of the BCCI-IPL following a direction from Supreme Court as N Srinivasan was asked to step aside from his post pending the completion of the IPL spot-fixing enquiry.

2.    Deadly ‘Heartbleed’ virus arrives in Indian cyberspace

i. Indian cyber security sleuths have alerted Internet users against a “highly severe” virus named ‘Heartbleed’, which has set alarm bells ringing across the globe for fear of exposing millions of passwords, credit card numbers and other sensitive information to hackers.

ii. The virus prowling in the domestic arena, authorities said, attacks the openSSL of an online system which is the most essential protocol which encrypts information and data transfer over the Internet.

iii. The Computer Emergency Response Team of India (CERT-In), the nodal agency to combat hacking, phishing and to fortify security-related defences of the country’s Internet domain, fears it could compromise personal data and passwords of a user.

iv. The virus, with derives its name from a ‘bleeding red heart’ motif, has made a number of countries sit up and take notice of its destructive and threatening activities over the last few days.

v. Two days back, Canada’s tax agency had said that it has temporarily cut-off public access to its electronic filling services just three weeks before the tax deadline because of security concerns over the “Heartbleed bug”.

3.    Bandhan Financial starts training its staff for role change

i. With the banking licence in its kitty, microfinance institution Bandhan Financial Services is gearing up to groom its 13,000-odd employees to become bankers.

ii. The non-banking micro-lending firm plans to train around 1,500 employees every month under the guidance of 30 trainers at its 8 centres, said Chandra Shekhar Ghosh, Chairman and Managing Director.

Huge customer base

i. The company has three training centres in West Bengal and one each in Assam, Agartala, Bihar, Delhi and Maharashtra.

ii. Largely concentrated in the interiors, Bandhan aims to strengthen its base and convert its existing 55 lakh customer base into its banking clients. The Kolkata-based micro lender, along with Mumbai-based infrastructure lending firm IDFC, received teh Reserve Bank of India's “in-principle” approval to set up a bank last week.

Note: The RBI has given 18 months to both the entities to comply with the requirements .