table

Results
No	Competition	John	Adam	Robert	Paul
1	Swimming	1:30	2:05	1:15	1:41
2	Running	15:30	14:10	15:45	16:00
3	Shooting	70%	55%	90%	88%

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test note

• Molly Kurien (81), wife of late Dr Verghese Kurien, passed away. She was known as ‘silent lady’ behind the White Revolution ushered by India’s milkman Dr Kurien.
• Six soldiers (of Assam Regiment) were killed and one went missing when an avalanche struck the Siachen glacier area before dawn during inter-post movement of troops. This is for the first time in several years that an avalanche has hit an Indian position in the glacier area. Siachen glacier is considered as the world’s highest battlefield. An avalanche had hit a Pakistani Army camp in the glacier area last year killing over 100 troops. India has deployed its troops in Siachen for close to 30 years and has lost more people to the weather and terrain than to enemy bullets. However, it has brought down such casualties by ensuring adaptation of the personnel to the conditions and through scientific research by DRDO to improve living conditions of jawans. India and Pakistan, which have held several rounds of talks to resolve the Siachen issue, were close to an agreement a few years back on demilitarizing the region but the accord failed as Pakistan refused to authenticate its military position.
• The Salient features of the Companies Bill 2011 (recently passed by LS) are as follows: [1.]Corporate Social Responsibility, which is being introduced as a statutory provision for the first time, now read to ensure that the company spends in every financial year, at least two per cent of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy. Such clause is also amended to provide that the company shall give preference to local areas where it operates, for spending amount earmarked for Corporate Social Responsibility (CSR) activities; [2.] To help in curbing a major source of corporate delinquency which now include punishment for falsely inducing a person to enter into any agreement with bank or financial institution, with a view to obtaining credit facilities; [3.] Provisions relating to audit of Government Companies by Comptroller and Auditor General of India (C&AG) modified to enable C&AG to perform such audit more effectively; [4.] Provisions relating to extent of criminal liability of auditors - particularly in case of partners of an audit firm - reviewed to bring clarity. Further, to ensure that the liability in respect of damages paid by auditor, as per the order of the Court, is promptly used for payment to affected parties including tax authorities; [5.] The limit in respect of maximum number of companies in which a person may be appointed as auditor has been proposed as 20 companies; [6.] ‘Whole-time director’ has been included in the definition of the term ‘key managerial personnel’; [7.] Clarification included in the Bill to provide that ‘Independent Directors’ shall be excluded for the purpose of computing ‘one third of retiring Directors’; [8.] Provisions in respect of removal of difficulty modified to provide that the power to remove difficulties may be exercised by the Central Government up to ‘five years’ (after enactment of the legislation) instead of earlier up to ‘three years’. This is considered necessary to avoid serious