S.A. Ibrahim's Appointment as Director for Intelligence Bureau Approved
The Competent Authority on 3 December 2012 approved appointment of S. A. Ibrahim the IPS (MP-77) as officer on Special Duty in the Intelligence Bureau and also as the Director for Intelligence Bureau for a next two years from the date he acquires his charge or till the next order that is is further sent. His tenure to the post of Officer on Special Duty in the Intelligence Bureau started from 1 December 2012.At Present S.A. Ibrahim is serving as Special Director, Intelligence Bureau and will be taking over the charge of Director, Intelligence Bureau after vice Nehchal Sandhu will retire from his office on 31 December 2012.
Mystery behind the Missing Sandy Island Solved
A researcher from New Zealand claimed that he had solved the mystery of the missing South Pacific Island which was shown on the world maps as well as Google Earth but did not actually exist. The blame of the missing island went to the whaling ship from the year 1876. The landmass in Coral Sea which is shown as the Sandy Island on Google maps as well as Google Earth is apparently somewhere between Australia and New Caledonia. Times Atlas of the World, on the other hand identifies it as the Sable Island, but the Australian scientists who went on a research in November 2012 could not locate it exactly, which is why they claimed that the island did not exist actually. A researcher at Auckland Museum after his investigations claimed that the island had never existed.Google in the meanwhile welcomed this feedback and explained that suggestions from the users on maps enabled integration of new information into Google Maps. Apparently, now the Sandy Island has been removed from the maps.
India And Pakistan Discussed Methods For Solving Sir Creek Issue
A meeting of the India and Pakistan former diplomats, peace activists, army and navy officers concluded on 3 December 2012 with an agenda that Sir Creek dispute will be resolved. Apart from this, Siachen and Kashmir are other territorial troubles that sit amidst the India-Pakistan relationship. The strategic seminar called Aman Ki Asha concluded with the fact that even after a lot of deadlock after the bilateral meetings, the issue of Sir Creek was not difficult to handle.
There were certain proposals on which both India as well as Pakistan agreed and this included de-linking maritime boundaries from land. Also, it was agreed that there would be marking from seaward to the point where both these sides agree. Additionally, it was agreed that the non-defined area (Sir Creek and the approaches) would be declared as free zone or the maritime sensitive zone. Or, it was agreed upon that such an area be turned into the a jointly administered maritime park.The experts in the meanwhile also highlighted that in case the shore points are accepted by both the sides mutually, the boundary line marked using angular bisection would only undergo a few changes when final baseline would be established.
What is Sir Creek?
Sir Creek is the 96 km narrow piece of water that is a subject of dispute between India and Pakistan. Sir Creek sits in the Rann of Kutch marshlands. Creek opens into the Arabian Sea and divides the region of Kutch of India’s Gujarat with Sindh of Pakistan.The major dispute over Sir Creek is about understanding of the maritime boundary between the Kutch and the Sindh. Before India’s independence, the region remained a part of the British India. After the partition of 1947, Sindh enterred Pakistan and Kutch remained with India.
Ranjit Sinha, Senior IPS Officer Took Over As CBI Director
Ranjit Sinha, IPS officer of 1974-batch Bihar cadre on 3 December 2012 acquired the office as new CBI director. Ranjit Sinha, 59, who was holding the designation of director general Indo-Tibetan Border Police, succeeded A.P. Singh who retired from the CBI office on 30 November 2012. Sinha will have two-year duration as the CBI director. He had served in CBI agency initially as the DIG and joint director as well.Sinha accepted that there were challenges which the agency needed to face and these included lack of proper manpower, Letters Rogatory execution delays as well as delays in the forensic field. During his tenure, he would try solving and addressing these issues. Sinha accepted the prestigious designation with a greater sense of responsibility. He believed that the faith in CBI would be strengthened under his guidance and supervision.
Human Intelligence Associated With Genetic Accident: Researchers
Scientists at the University of Edinburgh discovered how intelligence originated, after they identified the genetic accident which happened 500 million years ago. This genetic accident allowed the human species to think and reason; and thus they evolved. The scientists discovered how humans as well as various mammals evolved in terms of intelligence. Scientists found out that human intelligence developed because of a rise in the number of genes in brain in the evolutionary ancestors. Scientists additionally also believed that these genes which help in improvisation of the mental capability are also in turn responsible for the brain disorders that might occur in the humans.Scientists explained that a plain invertebrate animal that lived in sea around 500 million years ago experienced this genetic accident which produced extra copies of the genes being developed. The offspring of these animals benefited in turn from the extra genes which led to sophisticated vertebrates in terms of behaviour, including the humans.
News Corp Decided to Split Into Two, Indian to be the CFO of the Proposed Publishing Company
News Corp on 3 December 2012 announced restructuring of the top management of the company. The company decided that the top management would split into the two publically traded firms. Consequently, there would be a new head for the British newspaper arm as well as Indian-origin executive who would be heading the publishing business' finances.News Corp declared that Dow Jones editor-in-chief as well as the managing editor of The Wall Street Journal, Robert Thomson would be now the CEO of proposed publishing company. As per his new role, Thomson would be confronting the ongoing scandal in UK News Corp which shut down the News of the World newspaper back in July 2011 following the phone hacking scandal. The publishing company nevertheless would hold on to the name of News Corporation. On the other hand, the entertainment and media company will be named as Fox Group. The chairman and CEO of News Corp, Rupert Murdoch will now be the chairman of newly formed News Corporation as well as the CEO and chairman of the Fox Group. Murdoch also announced additionally that Bedi Ajay Singh, who had recently also been at the designation of President, Finance and Administration and Chief Financial Officer for MGM Studios would be given the role of Chief Financial Officer at the new publishing company. Bedi Ajay Singh was the member of UK Institute of CAs and had also served as the CFO at SONY Pictures and Novartis Pharma.
Internet Freedom Not to be Controlled by The United Nations
Hamadoun Toure, the head of the UN telecommunications body made it clear on 3 December 2012 that the freedom of the Internet will not be cramped or controlled. Hamadoun Toure made this clear in the meeting in which 24-year-old telecom regulations were reviewed. The World Conference on International Telecommunications (WCIT-12) started off in Dubai on 3 December 2012 in order to review the regulations which were reached back in 1988. During the meeting, Toure also remarked that during the conference the subject of Internet freedom of expression would not be touched at all. He opined that freedom of expression in modern world today could not be curtailed. Google had already voiced its warnings about serious consequences that would happen in case the member states’ proposals about the Internet were approved at this WCIT-12 meeting. The issue about permission of censorship on legal content was also included. Google’s head of Free Expression in Africa, Middle East and Europe voiced out that there were some proposals according to which the government would be permitted to censor the legal speech or maybe even shut down access to the Internet. Google also argued that the ITU (UN agency for information communication technologies) was not the appropriate body for addressing the issues of the Internet. Toure however made it clear that the working with harmony was the appropriate way of making decisions at agency. The Geneva-based organisation of Toure has 700 private sector entities and 193 member-states.
The Match Between Luke McShane and Viswanathan Anand Drawn in London Chess Classic
Viswanathan Anand, the World Chess Champion in a match against Luke McShane of England finished with a draw in second round of the London Chess Classic on 3 December 2012.
In the game which was finely crafted, the number one of the world Norwegian Magnus Carlsen achieved himself the position of highest-rated player in the history by defeating second seed Levon Aronian of Armenia. The former World Champion Russian Vladimir Kramnik ensured in the meanwhile that victory wouldn’t come easy to Carlsen in merely two rounds. He also grinded US-based Hikaru Nakamura in the endgame that had queen and the pawns.Another game that concluded in a draw was a match between Gawain Jones of England and Judit Polgar of Hungary. With eight rounds still remaining in the 9-player tournament, Carlsen and Kramnik rushed forward with six points respectively. In first round, Carlsen thrashed McShane; while on the other hand, Kramnik achieved an advantage at Polgar’s expense. Michael Adams of England as well as Nakamura shared third position with the three points each and Michael Adams had his extra match in hand when he bid adieu in second round only. Just like Adams, Anand too had a game in hand and now he shares fifth spot jointly in the rankings with Jones, McShane and Polgar. Aronian on the other hand, is at the lowest position in table because he has still not opened his account.
Ricky Ponting announced his Retirement from International Test Cricket
The Cricketer and Former Captain of the Australian Cricket team, Ricky Ponting on 3 December 2012 announced his retirement from International Test Cricket. The decision of retirement came after Australia lost the third test match against South Africa by 309 runs on 3 December 2012 at Perth. The first and second test matches at Brisbane and Adelaide resulted in a draw during the South Africa Tour to Australia 2012. Ponting will continue playing for Tasmania and in the Australian Domestic T20 Tournament the Big Bash League, where he would represent the Hobart Hurricanes this season.
Ricky Ponting
Ricky Ponting nicknamed as Punter was the Captain for the national team of Australia in both test and one day segment of Cricket from 2004 to 2011 and 2002 to 2011 respectively. He made his international debut in one day cricket on 15 February 1995 against South Africa and in Test on 3 December 1995 against Sri Lanka. He played his last one day match against India on 19 February 2012 and test match on 3 December 2012 against South Africa before giving an end to his international career in Cricket.
Graeme Mcdowell of Northern Ireland Won World Challenge
Graeme McDowell of Northern Ireland ended his two-year wait of winning the tournament on 2 December 2012 with his three-shot victory in World Challenge which was hosted by Tiger Woods. McDowell had last won in 2010 season in which he captured the victory in US Open but since then, he hasn’t won anywhere. For the 72-hole total out of 17-under 271, McDowell carded four-under par 68 in his final round. He aceived a three-stroke triumph over Keegan Bradley. Bradley, in the meanwhile posted 69 for 274. Bradley had won PGA Chamiopnship in 2011. After he took the 54-hole lead on 1 December 2012, McDowell accepted that though this tournament was not a part of the tour but it would definitely help him check the mixed season in which he tied the match for second at US Open and also tie for the fifth in British Open.Another player, Bo Van Pelt carded 70 acquiring the individual ownership of third place on 278. The host, Tiger Woods, on the other hand carded one-under 71 on the courses of Sherwood Country Club for the fourth place on 279. Rickie Fowler (69) and Jim Furyk (70) joined him as well.
Corporate Frauds Rising in India: KPMG Survey
As per the India Fraud Survey Report 2012 released by KPMG, around 75 percent surveyed corporate in India believed that the incidences of fraud were on rise. The report indicated that computer-related and e-commerce frauds were the major concerns especially in the coming few years. This survey was being conducted over 1000 firms which included public institutions as well as business establishments. All these surveyed organisations had an annual revenue ranging from 500 crore Rupees to more than 10000 crore Rupees. The major reasons of these rising frauds were grinding down of the ethical values, weaker internal control system as well as reluctant managers for taking the decisive action. Among various kinds of frauds, it was pointed out by the survey that around 81 percent noticed fraud in the financial statement as a major concern and issue. The reason of these increasing numbers of frauds as well as growing worries were inadequate mistake of senior management tasks by the audit committees as well as weak regulatory mechanisms. Respondents of the survey, especially from consumer market industries as well as financial services felt that there were more frauds in their industries. The most susceptible areas of fraud were sales and distribution as well as procurement.
The surveyed companies believed that the reason why there were increasing frauds in the financial statement was because of more competition as well as a quest to exceed the expectations of the market.India Inc realised the value of the frauds. The survey also indicated that the number of frauds had risen from what they were in 2008. Around 87 percent respondent firms accepted that the organisations had suffered loss of over 10 lakh rupees. In the previous survey of KPMG, this percentage was 47 percent.The positive aspect of this report however is that the companies realise that there is a need to curtail these frauds.
The key findings of this survey are as follows:
• 63 percent firms believed that the quest to surpass market expectations was the primary reason of committing financial fraud
• 81 percent believed that the fraud in financial statement was a primary concern
• 41 percent accepted that there was no recognised fraud risk management system
• Computer-related and e-commerce frauds would become major concerns, especially in coming years
• Around 75 percent frauds, leaving aside the Intellectual Property (IP) frauds were committed by the employees
The Competent Authority on 3 December 2012 approved appointment of S. A. Ibrahim the IPS (MP-77) as officer on Special Duty in the Intelligence Bureau and also as the Director for Intelligence Bureau for a next two years from the date he acquires his charge or till the next order that is is further sent. His tenure to the post of Officer on Special Duty in the Intelligence Bureau started from 1 December 2012.At Present S.A. Ibrahim is serving as Special Director, Intelligence Bureau and will be taking over the charge of Director, Intelligence Bureau after vice Nehchal Sandhu will retire from his office on 31 December 2012.
Mystery behind the Missing Sandy Island Solved
A researcher from New Zealand claimed that he had solved the mystery of the missing South Pacific Island which was shown on the world maps as well as Google Earth but did not actually exist. The blame of the missing island went to the whaling ship from the year 1876. The landmass in Coral Sea which is shown as the Sandy Island on Google maps as well as Google Earth is apparently somewhere between Australia and New Caledonia. Times Atlas of the World, on the other hand identifies it as the Sable Island, but the Australian scientists who went on a research in November 2012 could not locate it exactly, which is why they claimed that the island did not exist actually. A researcher at Auckland Museum after his investigations claimed that the island had never existed.Google in the meanwhile welcomed this feedback and explained that suggestions from the users on maps enabled integration of new information into Google Maps. Apparently, now the Sandy Island has been removed from the maps.
India And Pakistan Discussed Methods For Solving Sir Creek Issue
A meeting of the India and Pakistan former diplomats, peace activists, army and navy officers concluded on 3 December 2012 with an agenda that Sir Creek dispute will be resolved. Apart from this, Siachen and Kashmir are other territorial troubles that sit amidst the India-Pakistan relationship. The strategic seminar called Aman Ki Asha concluded with the fact that even after a lot of deadlock after the bilateral meetings, the issue of Sir Creek was not difficult to handle.
There were certain proposals on which both India as well as Pakistan agreed and this included de-linking maritime boundaries from land. Also, it was agreed that there would be marking from seaward to the point where both these sides agree. Additionally, it was agreed that the non-defined area (Sir Creek and the approaches) would be declared as free zone or the maritime sensitive zone. Or, it was agreed upon that such an area be turned into the a jointly administered maritime park.The experts in the meanwhile also highlighted that in case the shore points are accepted by both the sides mutually, the boundary line marked using angular bisection would only undergo a few changes when final baseline would be established.
What is Sir Creek?
Sir Creek is the 96 km narrow piece of water that is a subject of dispute between India and Pakistan. Sir Creek sits in the Rann of Kutch marshlands. Creek opens into the Arabian Sea and divides the region of Kutch of India’s Gujarat with Sindh of Pakistan.The major dispute over Sir Creek is about understanding of the maritime boundary between the Kutch and the Sindh. Before India’s independence, the region remained a part of the British India. After the partition of 1947, Sindh enterred Pakistan and Kutch remained with India.
Ranjit Sinha, Senior IPS Officer Took Over As CBI Director
Ranjit Sinha, IPS officer of 1974-batch Bihar cadre on 3 December 2012 acquired the office as new CBI director. Ranjit Sinha, 59, who was holding the designation of director general Indo-Tibetan Border Police, succeeded A.P. Singh who retired from the CBI office on 30 November 2012. Sinha will have two-year duration as the CBI director. He had served in CBI agency initially as the DIG and joint director as well.Sinha accepted that there were challenges which the agency needed to face and these included lack of proper manpower, Letters Rogatory execution delays as well as delays in the forensic field. During his tenure, he would try solving and addressing these issues. Sinha accepted the prestigious designation with a greater sense of responsibility. He believed that the faith in CBI would be strengthened under his guidance and supervision.
Human Intelligence Associated With Genetic Accident: Researchers
Scientists at the University of Edinburgh discovered how intelligence originated, after they identified the genetic accident which happened 500 million years ago. This genetic accident allowed the human species to think and reason; and thus they evolved. The scientists discovered how humans as well as various mammals evolved in terms of intelligence. Scientists found out that human intelligence developed because of a rise in the number of genes in brain in the evolutionary ancestors. Scientists additionally also believed that these genes which help in improvisation of the mental capability are also in turn responsible for the brain disorders that might occur in the humans.Scientists explained that a plain invertebrate animal that lived in sea around 500 million years ago experienced this genetic accident which produced extra copies of the genes being developed. The offspring of these animals benefited in turn from the extra genes which led to sophisticated vertebrates in terms of behaviour, including the humans.
News Corp Decided to Split Into Two, Indian to be the CFO of the Proposed Publishing Company
News Corp on 3 December 2012 announced restructuring of the top management of the company. The company decided that the top management would split into the two publically traded firms. Consequently, there would be a new head for the British newspaper arm as well as Indian-origin executive who would be heading the publishing business' finances.News Corp declared that Dow Jones editor-in-chief as well as the managing editor of The Wall Street Journal, Robert Thomson would be now the CEO of proposed publishing company. As per his new role, Thomson would be confronting the ongoing scandal in UK News Corp which shut down the News of the World newspaper back in July 2011 following the phone hacking scandal. The publishing company nevertheless would hold on to the name of News Corporation. On the other hand, the entertainment and media company will be named as Fox Group. The chairman and CEO of News Corp, Rupert Murdoch will now be the chairman of newly formed News Corporation as well as the CEO and chairman of the Fox Group. Murdoch also announced additionally that Bedi Ajay Singh, who had recently also been at the designation of President, Finance and Administration and Chief Financial Officer for MGM Studios would be given the role of Chief Financial Officer at the new publishing company. Bedi Ajay Singh was the member of UK Institute of CAs and had also served as the CFO at SONY Pictures and Novartis Pharma.
Internet Freedom Not to be Controlled by The United Nations
Hamadoun Toure, the head of the UN telecommunications body made it clear on 3 December 2012 that the freedom of the Internet will not be cramped or controlled. Hamadoun Toure made this clear in the meeting in which 24-year-old telecom regulations were reviewed. The World Conference on International Telecommunications (WCIT-12) started off in Dubai on 3 December 2012 in order to review the regulations which were reached back in 1988. During the meeting, Toure also remarked that during the conference the subject of Internet freedom of expression would not be touched at all. He opined that freedom of expression in modern world today could not be curtailed. Google had already voiced its warnings about serious consequences that would happen in case the member states’ proposals about the Internet were approved at this WCIT-12 meeting. The issue about permission of censorship on legal content was also included. Google’s head of Free Expression in Africa, Middle East and Europe voiced out that there were some proposals according to which the government would be permitted to censor the legal speech or maybe even shut down access to the Internet. Google also argued that the ITU (UN agency for information communication technologies) was not the appropriate body for addressing the issues of the Internet. Toure however made it clear that the working with harmony was the appropriate way of making decisions at agency. The Geneva-based organisation of Toure has 700 private sector entities and 193 member-states.
The Match Between Luke McShane and Viswanathan Anand Drawn in London Chess Classic
Viswanathan Anand, the World Chess Champion in a match against Luke McShane of England finished with a draw in second round of the London Chess Classic on 3 December 2012.
In the game which was finely crafted, the number one of the world Norwegian Magnus Carlsen achieved himself the position of highest-rated player in the history by defeating second seed Levon Aronian of Armenia. The former World Champion Russian Vladimir Kramnik ensured in the meanwhile that victory wouldn’t come easy to Carlsen in merely two rounds. He also grinded US-based Hikaru Nakamura in the endgame that had queen and the pawns.Another game that concluded in a draw was a match between Gawain Jones of England and Judit Polgar of Hungary. With eight rounds still remaining in the 9-player tournament, Carlsen and Kramnik rushed forward with six points respectively. In first round, Carlsen thrashed McShane; while on the other hand, Kramnik achieved an advantage at Polgar’s expense. Michael Adams of England as well as Nakamura shared third position with the three points each and Michael Adams had his extra match in hand when he bid adieu in second round only. Just like Adams, Anand too had a game in hand and now he shares fifth spot jointly in the rankings with Jones, McShane and Polgar. Aronian on the other hand, is at the lowest position in table because he has still not opened his account.
Ricky Ponting announced his Retirement from International Test Cricket
The Cricketer and Former Captain of the Australian Cricket team, Ricky Ponting on 3 December 2012 announced his retirement from International Test Cricket. The decision of retirement came after Australia lost the third test match against South Africa by 309 runs on 3 December 2012 at Perth. The first and second test matches at Brisbane and Adelaide resulted in a draw during the South Africa Tour to Australia 2012. Ponting will continue playing for Tasmania and in the Australian Domestic T20 Tournament the Big Bash League, where he would represent the Hobart Hurricanes this season.
Ricky Ponting
Ricky Ponting nicknamed as Punter was the Captain for the national team of Australia in both test and one day segment of Cricket from 2004 to 2011 and 2002 to 2011 respectively. He made his international debut in one day cricket on 15 February 1995 against South Africa and in Test on 3 December 1995 against Sri Lanka. He played his last one day match against India on 19 February 2012 and test match on 3 December 2012 against South Africa before giving an end to his international career in Cricket.
Graeme Mcdowell of Northern Ireland Won World Challenge
Graeme McDowell of Northern Ireland ended his two-year wait of winning the tournament on 2 December 2012 with his three-shot victory in World Challenge which was hosted by Tiger Woods. McDowell had last won in 2010 season in which he captured the victory in US Open but since then, he hasn’t won anywhere. For the 72-hole total out of 17-under 271, McDowell carded four-under par 68 in his final round. He aceived a three-stroke triumph over Keegan Bradley. Bradley, in the meanwhile posted 69 for 274. Bradley had won PGA Chamiopnship in 2011. After he took the 54-hole lead on 1 December 2012, McDowell accepted that though this tournament was not a part of the tour but it would definitely help him check the mixed season in which he tied the match for second at US Open and also tie for the fifth in British Open.Another player, Bo Van Pelt carded 70 acquiring the individual ownership of third place on 278. The host, Tiger Woods, on the other hand carded one-under 71 on the courses of Sherwood Country Club for the fourth place on 279. Rickie Fowler (69) and Jim Furyk (70) joined him as well.
Corporate Frauds Rising in India: KPMG Survey
As per the India Fraud Survey Report 2012 released by KPMG, around 75 percent surveyed corporate in India believed that the incidences of fraud were on rise. The report indicated that computer-related and e-commerce frauds were the major concerns especially in the coming few years. This survey was being conducted over 1000 firms which included public institutions as well as business establishments. All these surveyed organisations had an annual revenue ranging from 500 crore Rupees to more than 10000 crore Rupees. The major reasons of these rising frauds were grinding down of the ethical values, weaker internal control system as well as reluctant managers for taking the decisive action. Among various kinds of frauds, it was pointed out by the survey that around 81 percent noticed fraud in the financial statement as a major concern and issue. The reason of these increasing numbers of frauds as well as growing worries were inadequate mistake of senior management tasks by the audit committees as well as weak regulatory mechanisms. Respondents of the survey, especially from consumer market industries as well as financial services felt that there were more frauds in their industries. The most susceptible areas of fraud were sales and distribution as well as procurement.
The surveyed companies believed that the reason why there were increasing frauds in the financial statement was because of more competition as well as a quest to exceed the expectations of the market.India Inc realised the value of the frauds. The survey also indicated that the number of frauds had risen from what they were in 2008. Around 87 percent respondent firms accepted that the organisations had suffered loss of over 10 lakh rupees. In the previous survey of KPMG, this percentage was 47 percent.The positive aspect of this report however is that the companies realise that there is a need to curtail these frauds.
The key findings of this survey are as follows:
• 63 percent firms believed that the quest to surpass market expectations was the primary reason of committing financial fraud
• 81 percent believed that the fraud in financial statement was a primary concern
• 41 percent accepted that there was no recognised fraud risk management system
• Computer-related and e-commerce frauds would become major concerns, especially in coming years
• Around 75 percent frauds, leaving aside the Intellectual Property (IP) frauds were committed by the employees
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