Mrunal Patel Unacademy's video: Ratan Tata Cyrus Mistry UPSC Aspirants PhD CA: Mar-27-2021

1) SUNDAY: 🔠🏆🥇Win Paid Subscription upto 24 Months in Unacademy UPSC Combat MCQ Test Free Registration: https://unacademy.com/combat/upsc-civil-services-examination-ias-preparation/KSCGY (🔖Unlock Code: 'Mrunal.org') Total 60 MCQs to be solved in 45 Minutes History, Polity, Geography, Environment etc. PubG Combat is available on Android app only. Not on web/iOS/iPhone Unacademy Quiz available both in Hindi and English both languages. App has introduced new multi language toggle features where learner needs to select the preferred language for combat i.e Hindi or English. यानी कि बटन दबाकर आप भाषा बदल सकते हैं so please update App to latest version. See Screenshot here https://twitter.com/Mrunal_Patel/status/1370984775553486848 2) MONDAY: 🔠🎲 🔠🎲 Win ₹44,000 LOOT Lo Yojana Every Monday!Free Test Series: Mrunal's Monday- A 20-20 MCQs series on Current Affairs! https://unacademy.com/event/testseries/mrunalsmonday (🔖Free unlock code "Mrunal.org") Alternate Link: https://unacademy.com/test-series/mrunals-monday-weekly-current-affairs-round-up/64Z1B203 Time Codes 00:00 - Win Prizes 03:30 - Corporate Governance: Tata vs Mistry NCLAT 07:24 - Non-fungible token 09:19 - Ethics 12:18 - Polity 17:37 - Persons in news 20:52 - World news ⏩ Economy💳 → Corporate governance controversy: Tata sons (Holding Company) its ownership: Ratan Tata Trust ( # #%) Shapoorji Pallonji (Mistry) Group (18%) 2012-Cyrus Mistry (Son of Pallonji Mistry) replaced Ratan Tata as the Chairman of Tata Sons. 2016- Board of directors (Allegedly at the command/Instigation of Ratan Tata) removed Mistry through voting. Mistry went to Companies Act: National Company Law Tribunal (NCLT) → National Company Law appellate Tribunal (NCLAT): basically ruled Mistry was right, Ratan Tata was wrong. Reinstate Cyrus Mistry as Chairman→ SC: NCLAT is wrong. 😰Absence of Corporate governance / Boardroom battles between the founders = poor profitability → LIC & Mutual Funds invested in the companies Will generate poor Returns → Middle class shift to gold and real estate investment → Black money, Current account deficit, Inflation. ✋There are other angles to it retarding conversion of public limited company to private limited company, and whether Shapoorji Pallonji Mistry group can sell its shareholding for how much money AND/OR get them exchanged for Other companies of Tata Group like Tata Motors/TCS AND removal of Independent director Nusli Wadia (Muhammad Ali Jinnah'sgrandson) But not very important unless preparing at the interview stage and having BCom MBA degrees. → Beeple (real name Michael winkelman)- American digital artist. He combined his 5000 images to create a mega image/collage into a Non-fungible token JPEG File (Everydays: the First 5000 Days), Which was auctioned for $70 million in Ether Cryptocurrency. Bought by username "MetaKovan"- Real name Vignesh Sundaram a computer programmer. Although allegations- Both have colluded/Marketing stunt to raise the price of remaining pictures of Beeple and eventually other Investors will lose money in NFT-Mania. Non-fungible token- already explained in a past video.If it comes in the news for 500 times you need not prepare it 500 times, unless you're a hopeless-Babu-SHONA. ⏩ Ethics GSM4☯️ → Mumbai Dreams Mall -Fire audit was done (2020) their fire extinguisher system was non-functional → fire spread to the third floor which had a hospital. The hospital had fire safety systems but fire spread to quickly 10 killed. ⏩ Ethics GSM4☯️ → Teacher: Person without appropriate degree and qualification (B.Ed/M.Ed/TET) is teaching ⏩ Polity⚖️ → Gujarat Freedom of Religion Act, 2003: Religious conversion prohibited for force/Gift/cash. 2021- amendment Bill. → Speaker: In Loksabha / vidhansabha: speaker is from the ruling party but deputy speaker position should be given to the opposition party member → Electoral bonds -Supreme Court reject the petition to stop its sale. There are enough safeguards available To prevent the misuse → Judiciary: SC case backlog 60,000 (2020-March) → ⏫66,000 (2021-March). ⏩ PIN-GK🏋️ → Death: Journalist Anil Dharkar, Mumbai → Death: RBI Ex-Dy Governor Kamalesh Chandra Chakrabarty, Mumbai. He has also served as chairman cum MD (CMD) of Punjab National Bank & Indian Bank → Saina: Biographical sports movie directed by Amol Gupte. Actress Parineeti Chopra plays the role of Badminton star Saina Nehwal (Born in Haryana) & trained by Pullela Gopichand (Hyderabad) ⏩ IR/Defense🔫 → CHINA SLAPPED sanctions on British politicians because Britain had Slapped sanction against Chinese leaders for violation of human rights of Uiguir Muslims in jeans province → Eritrean army had entered Ethiopia’s Tigray region during a five-month war But now Troops withdrawing