Current Affairs 1 April 2019 Digest 3: Manu Sawhney takes charge as ICC CEO; Anti-dumping duty imposed on import of solar cell component
Former Managing Director of ESPN Star Sports, Sawhney was meant to work alongside Richardson till July, but ICC decided that he was ready to start the job early with the transition having gone smoothly.
Sangeeta NairApr 1, 2019 16:52 IST
Story 1- India’s Manu Sawhney takes charge as ICC Chief Executive
India’s Manu Sawhney on April 1, 2019 took charge as the new Chief Executive of the International Cricket Council. Sawhney will work alongside incumbent ICC Chief Executive Dave Richardson, who will step down after the World Cup in July 2019.
Sawhney, former Managing Director of ESPN Star Sports, has already been working alongside outgoing Chief Executive Richardson for the last six weeks to ensure a smooth transition. Richardson will remain with the ICC until July as originally planned to oversee the delivery of the World Cup in the United Kingdom.
• Manu Sawhney was with ESPN Star Sports for 17 years and was responsible for scaling the business and doubling annual revenues.
• It was during his time with the company that ESPN Star Sports signed the global broadcast partnership deal with the ICC that ran from 2007-2015.
• Sawhney then moved to Singapore Sports Hub (SSH), where he worked as CEO.
• He is also a non-executive director and member of the Audit Committee of Manchester United Ltd.
• He was appointed as the new Chief Executive of ICC in January 2019 after a two-day interview process.
• His appointment was ratified by the ICC Board following a global search and appointment process led by the apex body's chairman Shashank Manohar and the nominations committee.
Speaking on his appointment, Sawhney said he could not wait to start the new job. He outlined certain key areas that he would be focusing on such as technology, engagement, women's cricket and driving greater value, in order to transform the sport's long-term future and create a vibrant and sustainable sport globally.
• The ICC board had approved Sawhney's appointment in January 2019 as the next ICC CEO to replace the incumbent, Dave Richardson, whose seven-year tenure comes to an end with the World Cup.
• Sawhney was meant to work alongside Richardson till July, but ICC decided that he was ready to start the job early with the transition having gone smoothly.
• Sawhney has attended various ICC discussions already and sat during the Chief Executives' Committee and Board meetings in February.
• Taking the charge early would allow Sawhney to start working on newer projects while allowing Richardson to focus on the World Cup.
• One of the key and significant project that Sawhney has already started work on is the broadcasting rights cycle after the 2023 World Cup. Currently Star India holds the rights for ICC's global events.
Story 2- India imposes anti-dumping duty on import of solar cell component
India has levied anti-dumping duty worth up to USD 1,559 per tonne on imports of a certain type of sheet used in solar cell making from China, Malaysia, Saudi Arabia and Thailand for five years to safeguard domestic players against cheap shipments.
The information was shared by the Department of Revenue through a notification. The anti-dumping duty has been imposed after considering the recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).
Nations across the world carry out anti-dumping probes to determine whether their domestic industries have been hurt because of a surge in cheap imports.
Following which, anti-dumping duties are imposed as a counter measure to safeguard their domestic market under the multilateral regime of WTO.
Hence, the anti-dumping duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers with regard to foreign producers and exporters.
• The duty, which is in the range of USD 537 to USD 1,559 per tonne, will be imposed on the imports of "Ethylene Vinyl Acetate sheet for solar module" from the select four nations.
• It shall be effective for a period of five years unless revoked, superseded or amended earlier.
• The Directorate General of Trade Remedies had initiated the probe in April 2018 following a complaint by a domestic company.
• In its probe, the directorate had concluded that imposition of the duty is required to offset dumping and injury caused by dumped imports from China, Malaysia, Saudi Arabia and Thailand.
• The product is a polymer based component used in the manufacturing of solar PV (Photo Voltaic) modules.
• The imports of the sheets from the four nations increased to 6,367 tonnes during the period of investigation (October 2016 to September 2017) from 4,674 tonnes in 2016-17. The imports stood at USD 1,025 tonnes in 2015-16 and USD 594 tonnes in 2014-15.
The imports of components used in solar industry have increased as India launched an ambitious national solar policy named Jawaharlal Nehru National Solar Mission in January 2010.
Under this, the country has a target of generating 20,000 megawatts (MW) of solar power by 2022.
Several countries are interested in supplying solar equipment to tap into the growing sector in India.