5-7 August 2018 Current Affairs

Mughalsarai Junction | Indra Nooyi | PepsiCo Inc. | Rajan Nanda | Most investor-friendly state |

Posted on Aug 07, 2018 04:08 IST in Current Affairs.

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1) What is the new name of Uttar Pradesh’s iconic Mughalsarai Junction railway station after it was officially renamed on 5 August 2018? – Pt. Deen Dayal Upadhyay Junction

Explanation: Uttar Pradesh’s iconic Mughalsarai Junction was on 5 August 2018 formally renamed after RSS ideologue Deen Dayal Uphadyay as Pt. Deen Dayal Upadhyay Junction when BJP president Amit Shah, Railway Minister Piyush Goyal and Uttar Pradesh Chief Minister Yogi Adityanath took part in a grand renaming event at the station.

- Upadhyay was found dead in mysterious circumstances near the Mughalsarai station in February 1968. Mughalsarai is also the birthplace of former prime minister Lal Bahadur Shastri.

- Mughalsarai Junction is a century-old railway station on the busy Delhi-Howrah route and is famous for having the largest railway marshaling yard in Asia. It is also the fourth busiest railway junction in India.

- On paper, Mughalsarai station got a new name after Uttar Pradesh Governor Ram Naik gave his assent to the proposal in June 2018. From 5 August 2018 the new name made its entry into the railway system and on IRCTC site the name was found after entering the initials DDU.

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2) Who will replace Indra Nooyi as Chief Executive Officer (CEO) of PepsiCo Inc., as was announced by the company on 6 August 2018? - Ramon Laguarta

Explanation: PepsiCo Inc. on 6 August 2018 announced that Indra Nooyi would step down as its long-time Chief Executive Officer (CEO), handing over the reins to company veteran Ramon Laguarta. This change is being done at a time the beverage maker navigates a shrinking global soda market.

- Under India-born Nooyi's 12-year tenure as CEO, the sales of Mountain Dew and Gatorade boosted to $63.5 billion, up 80% from when she started. She is also largely credited with re-shaping Pepsi with tactical mergers and shifting to healthier drinks over sugary sodas - moving to juices and teas. She has been associated with the company for last 24 years.

- A 22-year veteran of PepsiCo, Laguarta oversaw global operations, corporate strategy, public policy and government affairs in his role as president. He has also served as CEO of the company's Europe Sub-Saharan Africa division.

- Laguarta will take over on 3 October 2018 and will also join the board. Nooyi will remain chairman of the board until early 2019.

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3) Rajan Nanda, who passed away on 6 August 2018, was a noted industrialist associated with which group? – Escorts Group

Explanation: 76-year old Rajan Nanda was Chairman & Managaing Director (CMD) of the Escorts Group, the noted engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment.

- Rajan Nanda had been at the helm of Escorts since 1994. He was married to Hindu cinema icon Raj Kapoor’s daughter Ritu. He was Amitabh Bachchan’s daughter Shweta's father-in-law.

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4) Which state replaced Gujarat as the most investor-friendly state in the latest NCAER State Investment Potential Index (N-SIPI) that was released on 3 August 2018? – Delhi

Explanation: Delhi moved one spot up to replace Gujarat as the most investor-friendly state in the latest State Investment Potential Index (N-SIPI) that was published by Delhi-based think tank National Council of Applied Economic Research (NCAER) on 3 August 2018.

- This index has been constructed on the basis of six pillars that are classified under the following four broad categories - factor-driven (land and labour), efficiency-driven (infrastructure), growth-driven (economic climate, and political stability and governance), and perceptions driven (responses to the surveys).

- It is worth mentioning that Andhra Pradesh topped the list in the business reforms action plan ranking released by the Department of Industrial Policy and Promotion (DIPP).

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