WINSON COMPETITIVE GUIDE OCT2016 | Page 46

WINSON COMPETITIVE GUIDE the country and among few globally to deploy ‘Software Robotics’. • The Union Cabinet has given its approval for simplification and liberalisation of the Foreign Direct Investment (FDI) Policy, 2016 in various sectors announced in June, 2016. • The Union Cabinet has approved the scheme for granting of Permanent Residency Status (PRS) to foreign investors. New Appointments: • Jim Kim has been re-appointed as President of World Bank for a second five-year term beginning 1 July 2017. • Senior IAS officer Arun Goyal has been appointed Additional Secretary in the Goods and Services Tax (GST) Council. • The Union Government has appointed Navtej Sarna (59) was appointed as Ambassador to the United States. • The Appointments Committee of Cabinet (ACC) has appointed three economists as the external appointees on the Monetary Policy Committee (MPC). 46