National & International Appointments
1. Rakesh Sharma reappointed as MD & CEO of IDBI Bank
- Rakesh Sharma has been re-appointed as the Managing Director and Chief Executive Officer of IDBI Bank.
- His appointment has been approved by Reserve Bank of India (RBI).
- He has been appointed for a period of 3 years with effect from March 19, 2022.
- He was appointed as the MD & CEO of IDBI Bank for the first time in October 2018.
- Prior to this, he was working with Canara Bank as MD & CEO.
- Headquarters of IDBI bank: Mumbai.
National & International Appointments
2. Sanjeev Sanyal appointed full-time member of PM Economic Advisory Council
- Noted economist and historian Sanjeev Sanyal has been appointed as a full-time member of Economic Advisory Council to Prime Minister (EAC-PM)
- He is currently serving as principal economic adviser of Finance Ministry since 2017
- He was widely known for his role as global strategist and managing director at Deutsche Bank.
- EAC-PM: independent body constituted by central government, that advises PM on economic and related issues.
- Chairman of EAC-PM: Bibek Debroy
National & International Appointments
3. HUL appoints Nitin Paranjpe as non-executive Chairman, Sanjiv Mehta as CEO
- FMCG major Hindustan Unilever Ltd (HUL) has announced separation of the position of Chairman and the CEO & Managing Director of the company.
- With this, Nitin Paranjpe has been appointed as the Non-Executive Chairman of the company with effect from 31st March, 2022.
- He is currently serving as Chief Operating Officer of Unilever (parent company of HUL).
- Sanjiv Mehta will continue to be the Chief Executive Officer & Managing Director (CEO & MD) of HUL
Books & Authors
4. Author Anirudh Suri pens book titled ‘The Great Tech Game’
- Famous Indian author Anirudh Suri has come out with his new book titled as ‘The Great Tech Game: Shaping Geopolitics and the Destinies of Nations.’
- It has been published by HarperCollins India publication.
- The book lays out a roadmap for how any country must develop its own strategic plan to succeed in this technology-dominant era.
- He is the founding partner and managing director of India Internet Fund.
Summits & Conferences
5. Mansukh Mandaviya inaugurates ‘Industry Connect 2022’ seminar
- Chemicals and Fertilizers Minister, Mansukh Mandaviya has inaugurate seminar titled ‘Industry Connect 2022’, in New Delhi
- It is being organized by Department of Chemicals and Petrochemicals in association with Central Institute of Petrochemicals Engineering and Technology and Federation of Indian Chambers of Commerce and Industry.
- Focus: R&D Laboratory, skill gap analysis for human capital in petrochemicals sector, providing indigenous technology, etc.
Science & Technology
6. IBM launches new Cybersecurity Hub in Bengaluru to address cyberattack
- International Business Machines (IBM) has announced to launch new cybersecurity hub based in India, to address growing threat of cyberattacks in Asia Pacific (APAC) region
- IBM Security Command Center will be located at IBM office in Bengaluru, Karnataka.
- This new cyber security hub is one of the only two such centre’s of IBM globally, other one is located in US
- IBM global analysis report for 2022 states that Asia emerged as the top-most targeted region for cyberattacks
Schemes
7. Govt launches Ombudsperson App for smooth functioning of MNREGA scheme
- Minister of Rural Development and Panchayati Raj, Giriraj Singh has launched Ombudsperson App for MNREGA
- It will facilitate hassle free reporting, categorization of grievances and disposal of complaints by Ombudsperson
- It will also ensure tracking and timely passing of awards by Ombudsperson.
- The app will ensure transparency and accountability in the ecosystem of MNREGA
- Ombudsperson can also easily upload quarterly and annual reports on the website through the app.
Defense
8. Indian Navy's multilateral exercise Milan-2022 begins today
- Indian Navy's multilateral exercise ‘Milan-2022’ has been organized in Visakhapatnam, Andhra Pradesh.
- It will be conducted over a duration of nine days in two phases with the harbour phase scheduled from February 25 and the Sea Phase from 1st March to 4th March
- Theme: 'Camaraderie - Cohesion - Collaboration'
- It is a biennial multilateral naval exercise incepted by Indian Navy in 1995 at the Andaman and Nicobar Command
- More than 40 countries are participating in Milan 22
Banking & Finance
9. Moody’s raises India's growth forecast to 9.5 percent for 2022
- Moody's Investors Service has raised India's growth forecast to 9.5% from 7% for calendar year 2022
- Moody revised its growth projection for India citing stronger-than-expected economic recovery from national lockdown of 2020 and COVID-19 pandemic in mid-2021.
- Moody's raised 2022 calendar year growth forecasts for India and maintained forecast for 5.5% growth in 2023.
- This translates into 8.4% growth in fiscal year 2022-23 and 6.5% growth in fiscal year 2023-24.
Agreement
10. WEF signs MoU with NIUA to collaborate on ‘Sustainable Cities India program
- World Economic Forum has signed MoU with National Institute of Urban Affairs (NIUA) to collaborate on ‘Sustainable Cities India program’.
- Aim: to create an enabling environment for cities to generate decarbonization solutions across the energy, transport, and the built environment sectors.
- Sustainable Cities India program enable cities to decarbonize in systematic and sustainable way that will reduce emissions and deliver resilient and equitable urban ecosystems.
National Affairs
11. Union Minister Pralhad Joshi launches ERP System of Coal India Ltd
- Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi has inaugurated Enterprise Resource Planning (ERP) system.
- ERP will establish best business practices, standardize and unify business process across CIL and its subsidiaries.
- Implementation of ERP across Coal India will give boost to government endeavor towards Digital and New India
- On the occasion, Anil Kumar Jain released book titled as ‘Fueling India’s Energy Needs’.
Summits & Conferences
12. Telangana IT Minister KTR inaugurates 19th edition of BioAsia conference
- Telangana IT and Industries Minister K. Taraka Ramarao has inaugurated 19th edition of BioAsia conference 2022 in Hyderabad, which is the annual flagship event of the life sciences industry.
- The conference will be addressed by about 50 celebrities from various organizations, including Bill Gates
- Telangana attracted investments of over 6 thousand 400 crore rupees in the life sciences sector from around 215 enterprises previous year.
Defense
13. Russia launches special military operation on Ukraine's eastern Donbas
- Russian forces have launched special military operation in Ukraine's eastern Donbas region, along with launching ballistic missile attacks on Ukrainian cities
- They have entered Ukrainian territory from Crimea.
- Russian President Putin said that Russia did not plan to occupy Ukraine, but warned that Moscow's response would be instant if anyone tries to take on Russia.
- Indian External Affairs has set up control room in Delhi in view of the prevailing situation in Ukraine
Defense
14. MoD signs contract with BEL for retro-modification of Battle Tanks T-90
- Acquisition Wing of Defence Ministry has signed a contract for Rs 1075 crore with Bharat Electronics Limited for retro-modification of Commander Sight of Battle Tanks-T-90.
- Retro-modification will be carried out in 957 T-90 tanks of Indian Army.
- It will provide further boost to ‘Make in India’ initiative of the government.
- Commander sight of Battle Tank T-90: India’s premier battle tank, is presently fitted with Image Converter tube-based sight for night viewing.
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