Justice G Rohini becomes first woman Chief Justice of Delhi HC

1.    Justice G Rohini becomes first woman Chief Justice of Delhi HC

i. Justice G Rohini has taken over as the first woman Chief Justice of Delhi High Court. 

ii. She was administered the oath of office by Lieutenant Governor Najeeb Jung in New Delhi today.

iii. Before being elevated as Chief Justice, Justice Rohini was the senior most judge of the Andhra Pradesh High Court. With her joining, the strength of women judges at the Delhi High Court has increased to 10. 

iv. Born in 1955, Justice Rohini studied at Osmania University in Hyderabad and then at the College of Law under Andhra University in Visakhapatnam. 

v. She was enrolled as an advocate in December 1980 and later became chairman of the Andhra Pradesh State Bar Council. 

vi. She was appointed a government pleader in the Andhra Pradesh High Court in 1995 and became additional judge in 2001 and permanent judge in 2002.

2.    ECGC to offer direct factoring facility for MSMEs

i. The Export Credit Guarantee Corporation (ECGC) will be offering direct factoring facility for micro, small and medium enterprises (MSMEs).

ii. The corporation had recently introduced a new country-risk rating for the benefit of MSMEs, he added.

iii. ECGC, which has 62 branches now, would be opening three new branches in Chennai, Ahmedabad and Kollam soon, he added.

iv. TS Vijayan, Chairman of Insurance Regulatory and Development Authority, formally inaugurated the branch premises.

3.    Crisil sees economy growing at 6.5% in next 5 years

i. Rating agency Crisil has said a stable Government post-elections is likely to help the country grow at an average of 6.5 per cent for the next five years.

ii. “Our base-case forecast of an average GDP growth of 6.5 per cent between FY15 and FY19 is premised on a decisive mandate in the upcoming general elections,” the rating agency majority-owned by Standard & Poor’s said in a report.

iii. The International Monetary Fund has predicted global growth for the calendar years 2014-18 at 4 per cent. However, Crisil said it is not the election results which impact the economy, except in improving sentiment, but policies formulated by the new Government that will boost growth.

iv. Economic growth eased to 4.6 per cent in the first three quarters of FY14 after clocking 9.3 per cent in FY12 and the just-concluded financial year may log the lowest growth rate in decades.