Ø A.S. Kiran Kumar is the new
Secretary of the Department of Space as also Chairman of the Indian Space
Research Organisation and the Space Commission. Currently Director of the Space
Application Centre, Ahmedabad, Mr. Kiran Kumar will head the organisation for
three years from the date he assumes charge, according to the order issued by
the Appointments Committee of the Cabinet, Department of Personnel &
Training under the Ministry of Personnel & Public Grievances. He is being
re-employed on contract basis, it said.
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| A S Kiran Kumar |
Ø BSE, Asia’s oldest stock exchange, will
establish an international exchange in GIFT SEZ-IFC, a multi-services special
economic zone (SEZ) being developed as India’s first International Financial
Services Centre (IFSC) by Gujarat International Finance
Tec-City Company Ltd. (GIFTCL). BSE
intends to develop an International Exchange providing electronic platform for
facilitating trading, clearing and settlement of securities, commodities,
interest rates, currencies, other classes of assets and derivatives by
international investors in GIFT SEZ-IFSC in GIFT City subject to necessary
approvals and operating guidelines for international financial centre, said BSE
in a press release here. As per the MoU, BSE along with its associates and
members will invest up to Rs.150 crore for establishing around 3 lakh square
feet built-up area (BUA) to set up this international exchange.
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