ADAG - Current Affairs Questions and Answers

1)   Which Reliance chairman has been inducted into the international advisory board of global think tank, the Atlantic Council?

a. Anil Ambani
b. Mukesh Ambani
c. Both a and b
d. None of the above
Answer  Explanation 

ANSWER: Anil Ambani

Explanation:
Reliance Group ADAG chairman Anil Ambani has been inducted into the international advisory board of global think tank, the Atlantic Council.

The global think-tank has a prominent group of global corporate and political leaders.

This includes media baron Rupert Murdoch, Airbus CEO Dr. Thomas Enders, former US national security advisor Dr. Zbigniew K. Brzezinski and former Australian Prime Minister Kevin Rudd and others.

The former Utah Governor Jon M Huntsman is Chairman of the Atlantic Council.

The Atlantic Council, which has its headquarters in Washington, DC, through the work of its 10 programmes and centres.

It promotes constructive US leadership and engagement in the world based on the central role of the Atlantic community, working with its allies and partners, to meet global challenges.

The Council aims to shape policy choices and strategies and provide an essential forum for navigating the dramatic, economic and political changes that define the 21st century.

Among the 10 regional and thematic centres, the Council’s South Asia Centre manages sustainable and innovative programmes that are focused on fostering development and cooperation in South Asia and its neighbourhood.


2)   ADAG Reliance Communications has said it will take over which Russian conglomerate’s Indian mobile telephone unit under the MTS brand?

a. Sistema
b. ABBY
c. Acron
d. Accounter
Answer  Explanation 

ANSWER: Sistema

Explanation:
ADAG led RCom will take over Russian conglomerate Sistema’s Indian mobile telephony venture operating under the MTS brand. RCom has indicated that SSTL/Sistema Shyam Teleservices Ltd will hold 10% equity stake in RCom as a result of this deal. RCom will also assume liability to pay instalments for SSTL spectrum equalling INR 392 crore per year for the next decade as part of the deal.

In addition, RCom will acquire SSTL’s most valuable and superior 800/850 MHz band spectrum, suited for 4G LTE services, to supplement its own unique nationwide footprint of minimum 5 MHz contiguous 800/850 MHz spectrum aggregating 148.75 MHz.