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Last Updated: July 7, 2020

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  • Injeti Srinivas was appointed as the first chairman of the International Financial Services Centre Authority

    8 days ago
    Senior bureaucrat Injeti Srinivas was appointed as the first chairman of the International Financial Services Centre Authority (IFSCA) for the Gujarat International Finance Tech (GIFT) City. Highlights: ♦ The Department of personnel and training (DoPT), under the Ministry of Personnel, Public Grievances and Pensions, appointed Injeti Srinivas, the former corporate affairs secretary, as the chairman of the newly set up regulator for three years. ♦ Srinivas retired on 31 May 2020. ♦ The appointment comes as the Union government has notified the setting up of the IFSCA on 28 April.  ♦ IFSCA will serve as a unified authority to regulate all financial services in international financial services centres (IFSCs) across the country. ♦ Until now, the regulations for entities and financial services at IFSCs were governed by Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority of India (IRDAI).  ♦ The appointment will now typically lead to several key regulations and development work falling between regulatory bodies. Injeti Srinivas: Injeti Srinivas is a 1983 batch IAS officer from the Odisha cadre. He served at the corporate affairs ministry for nearly 3 years. Prior to that, he served as secretary, department of sports, and director-general of SAI.

    Parminder Chopra took charge as Director of Finance, PFC

    13 days ago
    Smt. Parminder Chopra assumed charge as the Director of Finance in the Government-owned Power Finance Corporation (PFC), India's leading NBFC, on 1 July 2020. She will replace Shri N.B. Gupta, who superannuated on June 30, 2020. It was approved by the  Parminder Chopra: Prior to this appointment, Parminder Chopra was associated with key organizations in the power sector like the National Hydroelectric Power Corporation of India (NHPC) and Power Grid Corporation of India (PGCIL). She joined PFC in 2005 and spearheaded the key initiative to diversify PFC's fund mobilization to international markets that allowed the lender to raise money at lower costs. With her focussed approach, the share of fund mobilization in foreign currency grew from a meager 2% to 15% within a short span of 2 years. She also serves as Director on the Board of Coastal Tamil Nadu Power Limited and Cheyyur Infra Limited.

    Vini Mahajan becomes the first Woman Chief Secretary of Punjab

    18 days ago
    Senior IAS officer Vini Mahajan assumed charge as Punjab’s first woman chief secretary on 26 June 2020. She replaced Karan Avtar Singh. She has become the first Woman Chief Secretary of Punjab. Vini Mahajan: Vini Mahajan is a 1987-batch IAS officer. Mahajan is the wife of the state’s director-general of police (DGP) Dinkar Gupta. Vini Mahajan will hold the additional charge of principal secretary, personnel, and vigilance. Mahajan is an Economics graduate from Lady Shri Ram College, Delhi University. She did her post-graduation from the Indian Institute of Management, Calcutta. Karan Avtar Singh: Karan Avtar Singh is a 1984-batch IAS officer. He was shunted out of the top bureaucratic position two months before his superannuation, which was due on 31 August 2020. Singh is tipped to be the first chairman of the Punjab Water Regulatory Authority set up by the Punjab state government.

    Vice Admiral Biswajit Dasgupta assumes charge as Chief of Staff of ENC

    33 days ago
    Vice Admiral Biswajit Dasgupta, AVSM, YSM, VSM assumed the charge as Chief of Staff, Eastern Naval Command (ENC), Visakhapatnam on 12 June 2020. Vice Admiral Biswajit Dasgupta replaced Vice Admiral SN Ghormade, the outgoing Chief of Staff, has proceeded on transfer as Controller Personnel Services at Integrated Headquarters, Ministry of Defence (Navy), New Delhi. Vice Admiral Biswajit Dasgupta: Vice Admiral Biswajit Dasgupta is an alumnus of the National Defence Academy. In 1985, he was commissioned into the Indian Navy. He is a specialist in Navigation and Direction. He has commanded 4 frontline ships including INS Nishank, INS Karmuk, INS Tabar, and INS Viraat. He has held other appointments such as Commander Work Up at Headquarters at Indian Naval Workup Team, Kochi; Directing Staff at the Defence Services Staff College, Wellington; Officer-in-Charge of the Navy's Navigation and Direction School, Naval Assistant to the Chief of the Naval Staff and Fleet Operations Officer of the Western Fleet. He was promoted to Flag Rank and was appointed as Chief Staff Officer (Operations) at Headquarters, Western Naval Command at Mumbai. During 2017-18, he held command of the prestigious Eastern Fleet at Visakhapatnam and was appointed as Additional Director General at NCC Headquarters, New Delhi. He also served as the Controller Personnel Services at Integrated Headquarters, Ministry of Defence (Navy) at New Delhi. Dasgupta is a recipient of the Ati Vishisht Seva Medal and Vishisht Seva Medal for distinguished service. He was awarded the Yudh Seva Medal for coordinating evacuation operations from Yemen in 2015 under Operation Raahat.

    Uday Kotak takes over as CII president

    41 days ago
    Banker Uday Kotak assumed office as the president of the Confederation of Indian Industry (CII) for the year 2020-21. He will replace Vikram Kirloskar, who is the chairman and managing director (MD) of Kirloskar Systems Ltd and vice-chairman of Toyota Kirloskar Motor. Also, T V Narendran, CEO & MD of Tata Steel Limited, is now the president-designate of CII for 2020-21.  Sanjiv Bajaj assumed office as CII vice president for the year 2020-21. He is the chairman and MD of Bajaj Finserv Limited. Uday Kotak: Uday Kotak is the MD and CEO of Kotak Mahindra Bank Limited. He is associated with CII for over two decades. Also, he has served in many capacities in the chamber. Kotak has served as a non-executive chairman of the new IL&FS board to steer the company out of its financial crisis. He served as the chairman of the SEBI panel on corporate governance. He holds a bachelor's degree in commerce. He holds an MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai.

    VN Datt takes over as Chairman and MD of National Fertilizers Limited

    42 days ago
    Virendra Nath Datt, Director (Marketing), National Fertilizers Limited (NFL) has taken over the additional charge of Chairman & Managing Director (MD) of the Company on 3 June. Datt is associated with Company as Director (Marketing) since October 2018. Virendra Nath Datt: Virendra Nath Datt has a professional experience of over 35 years with premier Central Public Sector Enterprises (CPSEs) such as GAIL and Oil and Natural Gas Corporation (ONGC) besides the Fertilizer Industry. Prior to the appointment, he served as the Executive Director (ED) in GAIL Limited. He handled all India marketing operations of the company in addition to Corporate Strategy, Planning, and Advocacy. He was also a Director on the Board of Mahanagar Gas Ltd., Mumbai.  As Marketing Director of NFL, Datt is credited with sustained growth in fertilizer sale of the company from 43 Lakh MT in 2017-18 to 57 Lakh MT in 2019-20, an increase of 32% over the previous two years. During this period, the NFL established a pan India footprint in the fertilizer industry. He also had a 10-year stint with ONGC before joining GAIL in 1995.

    RK Chaturvedi assumed charge as Secretary, Department of Chemicals and Petrochemicals

    44 days ago
    RK Chaturvedi assumed charge as Secretary in the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, Government of India. Chaturvedi has replaced P.Raghavendra Rao who superannuated on 31 May 2020. RK Chaturvedi: RK Chaturvedi is a 1987-batch Indian Administrative Service (IAS) officer of Madhya Pradesh cadre. Prior to this, he served as an Additional Secretary and Financial Advisor in the Ministry of Culture. He has worked as Chairman of the Central Board of Secondary Education (CBSE) and as DG in the National Skill Development Authority (NSDA). Department of Chemicals and PetroChemicals: Department of Chemicals and PetroChemicals was established by GoI in 1991. The department functions under the Ministry of Chemicals and Fertilisers. The department is responsible to make policy, planning, development, and regulation of Chemicals and Petrochemicals Industries.

    Pradip Kumar Tripathi Assumes Charge as Secretary in Ministry of Steel

    44 days ago
    Shri Pradip Kumar Tripathi has assumed charge as Secretary, Ministry of Steel, Govt. of India on 1 June 2020. He took over as Secretary upon the superannuation of present incumbent Binoy Kumar. The appointment was approved by the Appointment Committee of Cabinet. Binoy Kumar is a 1983 batch officer who had taken over as Secretary, Ministry of Steel on 1 September 2018. He retired on 30 May 2020.  Pradip Kumar Tripathi: Pradip Kumar Tripathi is an Indian Administrative Service (IAS) officer of the 1987 batch of Jammu and Kashmir (J&K) cadre. Prior to this appointment, Tripathi had been posted as Special Secretary and Establishment Officer in Department of Personnel and Training (DoPT), Ministry of Personnel, Public Grievances and Pensions.

    Lt. Gen. Manoj Pande took over as the 15th Commander-in-Chief of the Andaman and Nicobar Command

    44 days ago
    Lieutenant General Manoj Pande assumed charge as the 15th Commander-in-Chief of the Andaman & Nicobar Command (CLINICIAN) on 1 June 2020. He will replace Lieutenant General Podali Shankar Rajeshwar PVSM, AVSM, VSM, ADC. Shankar Rajeshwar was the 14th CINCAN and retired from service on 31 May 2020. He had his distinguished career spanning four decades. He had taken over the appointment on 1 December 19. Lt. Gen. Manoj Pande: Lt. Gen. Manoj Pande was commissioned into the Corps of Engineers, The Bombay Sappers, in December 1982. He graduated from Staff College, Camberley, United Kingdom and attended the Higher Command Course at Army War College, Mhow, and National Defence College (NDC) at Delhi. He had a good experience of 37 years of distinguished service. He has taken an active part in Operation Vijay and Parakram. He commanded an Engineer Regiment along the Line of Control (LoC) in Jammu & Kashmir, an Engineer Brigade as part of the Strike Corps, an Infantry Brigade along LoC, a Mountain Division in High Altitude Area of Western Ladakh and a Corps deployed along the Line of Actual Control (LAC) as also in Counter Insurgency Operations area in the North East. He dealt with subjects of Discipline, Ceremonial and Welfare, prior to assuming the present appointment.

    Abhas Jha appointed by World Bank to Key position on Climate Change, Disaster Management in South Asia

    53 days ago
    Indian economist Abhas Jha has been appointed by the World Bank to a key position on climate change and disaster management in South Asia. Jha's appointment comes during the time when Cyclone Amphan has badly hit West Bengal, Orissa in India, and Bangladesh. Roles and Duties: ♦ Jha will help the South Asia region (SAR) Disaster Risk Management and Climate Change team to connect and collaborate across Global Practice boundaries. ♦ He will also guide the World Bank to conceive and deliver innovative and high-quality development solutions to respond to client demands and strengthen disaster risk management and climate action in the region. ♦ He will work with other Global Leads, Practice Managers, and Global Solutions Groups to incubate, pilot and scale-up innovative and high-quality development solutions, and to promote the generation and flow of global knowledge to serve the affected countries. Abhas Jha: Abhas Jha joined the Bank in 2001 in the office of the Executive Director (ED) for Bangladesh, Bhutan, India, and Sri Lanka. Since then, he has worked in Latin America and the Caribbean, Europe and Central Asia, and East Asia and the Pacific regions. Prior to his appointment, he served as a Practice Manager for Urban Development and Disaster Risk Management in East Asia and the Pacific region. His area of jurisdiction includes Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, Nepal, and the Maldives.

    Health Minister Harsh Vardhan named as chairman of WHO Executive Board

    56 days ago
    The Union Health Minister Harsh Vardhan has been elected as the chairman of the World Health Organisation's (WHO) Executive Board. He will assume the charge on 22 May 2020. He will succeed Dr. Hiroki Nakatani of Japan, who is the current Chairman of the WHO Executive Board. The proposal to appoint India's nominee to the executive board was signed by the 194-nation World Health Assembly (WHA). WHO Executive Board: ♦ The Executive Board is composed of 34 individuals who are technically qualified in the field of health, each one designated by a member state elected to do so by the WHA. The Member States are elected for a tenure of three-year. ♦ The Executive Board meets at least twice a year and the main meeting is normally held in the month of January. The second meeting will be held in May, immediately after the Health Assembly. ♦ The main function of the Executive Board is to decide policies of the Health Assembly, to advise it, and generally to facilitate its work.

    WTO Chief Roberto Azevedo to resign a year before his term expires

    61 days ago
    The Head of the World Trade Organization (WTO) Roberto Azevedo has announced his resignation, a year before his term expires. He will step down on 31 August 2020. Roberto Azevedo: Roberto Azevedo is a former diplomat from Brazil. He is cutting short a seven-year tenure marked in recent years by intense pressure from US President Donald Trump. had accused WTO of an anti-US bias and other complaints.  Under Azevedo's leadership, there have been important practical moves towards reform, including through the use of flexible negotiating structures, were done. World Trade Organization: Established on: 1 January 1995 Headquarters: Geneva, Switzerland Membership: 164 member states Official languages: English, French, Spanish

    Indu Shekhar Chaturvedi assumes charge as Secretary, Ministry of New and Renewable Energy

    65 days ago
    Indu Shekhar Chaturvedi assumed charge as new Secretary, Ministry of New & Renewable Energy on 11 May 2020. Chaturvedi met senior officers of the Ministry and took stock of the work and issues before the Ministry. Chaturvedi succeeded Anand Kumar in the Ministry who earlier took charge as Secretary, Ministry of Culture. Indu Shekhar Chaturvedi: Chaturvedi is a 1987 Batch IAS officer and belongs to Jharkhand cadre. Prior to this appointment, Chaturvedi was serving as Additional Chief Secretary and Additional Secretary, Department of Climate Change of the Ministry of Climate Change Department, Environment & Forest, Government of Jharkhand. Chaturvedi is B.Tech in Electrical Engineering from IIT-Kanpur and holds a PG in International Development from Harvard University (USA). He has worked in the Government of Jharkhand and Government of India at various positions including field and policy level. He has served as Joint Secretary or equivalent in PMO, Department of Economic Affairs, Ministry of Finance. He has extensive experience of working in other departments like Planning Commission, Ministry of Agriculture, Ministry of Personnel, Public Grievances & Pensions. He has also undergone training in  Financial Management, Community Mobilisation & Participatory Management Techniques.

    Wipro CEO and MD Abidali Z Neemuchwala steps down

    67 days ago
    Chief Executive Officer (CEO) and Managing Director Abidali Z Neemuchwala of Wipro Limited has decided to step down due to family commitments. Neemuchwala will continue to hold the office of CEO and Managing Director until a successor is appointed for a smooth transition and to ensure that business continues as usual.  Abidali Z Neemuchwala: Abidali Z Neemuchwala has served as the CEO & MD of Wipro since February 2016. For over four years, Abid helped build a strong execution mindset, drove key acquisitions, and scaled the Digital business globally. Previously, he worked as the CEO of the BPO division of Tata Consultancy Services Limited.  Wipro is a leading global information technology, consulting, and business process services company. It has over 175,000 employees serving clients across six continents.

    UNEP extends Actress Dia Mirzas term as Goodwill Ambassador

    68 days ago
    The United Nations Environment Programme (UNEP) extended environmentalist and actor-producer Dia Mirza's term as its National Goodwill Ambassador for another two years till the end of 2022. Dia is also a United Nations Sustainable Development Goals Advocate. Dia Mirza: Dia Mirza has contributed and taken an active part in the campaign "Beat the Pollution". She has made significant contributions towards World Environment Day celebrations, Circular fashions, and other UNEP campaigns. Under Beat the Pollution Campaign India works to become completely free from single-use plastics by 2022. United Nations Environment Programme (UNEP): UNEP was established on 5 June 1972. It is headquartered at Nairobi, Kenya. It is responsible to coordinate the UN's environmental activities. It also assists developing countries in implementing environmentally sound policies and practices. UNEP also provides funds and implements specific environmental development projects worldwide including reforestation and wetlands restoration.

    Adhir Ranjan Chowdhury took charge as Chairman of the Public Accounts Committee

    70 days ago
    Congress leader Adhir Ranjan Chowdhury took charge as Chairman of the Public Accounts Committee (PAC) of Parliament in Delhi on 6 May amid the COVID-19 lockdown. He has been appointed as the Chairperson of the Committee for the term beginning on 1 May 2020 and ending on 30 April 2021. The appointment was made by Lok Sabha Speaker Om Birla. Functions of PAC: The functions of PAC include the examination of accounts showing the appropriation of sums granted by Parliament for the expenditure of the GoI. The annual financial accounts of the government and other accounts are laid before the House as the Committee may think fit. PAC members: PAC has 15 members from the lower house and 7 members from Rajya Sabha.  Lok Sabha members in the committee from BJP include Jayant Sinha, Ajay (Teni) Misra, Darshana Vikram Jardosh, Subhash Chandra Baheria, Sudheer Gupta, Satya Pal Singh, Vishnu Dayal Ram, Jagdambika Pal and Ram Kripal Yadav The members from other parties include T R Baalu, Rahul Ramesh Shewale, Rajiv Ranjan Singh, Balashowry Vallabbhaneni and Bhartruhari Mahtab.  The members from Rajya Sabha to the PAC are Rajeev Chandrasekhar, C M Ramesh, Naresh Gujral, Sukhendu Sekhar Roy, and Bhupender Yadav. Two seats are kept vacant.

    Centre nominates Economic Affairs Secretary as Director RBI Central Board

    70 days ago
    Government of India has nominated Secretary of Economic Affairs Department Ministry of Finance Tarun Bajaj as a director on the Central Board of Reserve Bank of India (RBI). The nomination of Bajaj is effective from 5 May 2020. Tarun Bajaj: Tarun Bajaj is a 1988-batch Haryana cadre IAS officer. He assumed charge as the Economic Affairs Secretary on 1 May. He has served as the Additional Secretary in Prime Minister's Office and worked as Joint Secretary and Director in the Department of Financial Services.

    US President Trump nominates Indian-American lawyer as US representative for IBRD

    71 days ago
    The US President Donald Trump has nominated Indian-American lawyer Ashok Michael Pinto as a representative to the International Bank for Reconstruction and Development (IBRD), the World Bank's lending arm. He was nominated for the post of the US Alternate Executive Director of IBRD for a term of two years. If confirmed, he would replace Erik Bethel, who has resigned from the post. Michael Pinto: Pinto has worked as a Special Assistant and Associate Counsel to former President George W Bush. He also served as a law clerk to Judge F A Little, Jr. of the US District Court for the Western District of Louisiana. Pinto is currently serving as the Counsellor to the Under Secretary for International Affairs at the US Department of the Treasury. He holds a BA degree from Stanford University and a Juris Doctor from the University of Illinois College of Law. He served as a Counsellor to General Counsel at Treasury.

    Lt Gen Raj Shukla assumed command of ARTRAC

    72 days ago
    Lieutenant General Raj Shukla assumed command of the Army Training Command (ARTRAC) on 1 May 2020.  Lieutenant General Raj Shukla: Lieutenant General Raj Shukla is a graduate of the National Defence Academy (NDA), Khadakwasla and the Indian Military Academy (IMA), Dehradun. He was commissioned into the Regiment of Artillery in December 1982. He has a career spanning over four decades and has seen extensive service in the field. He commanded a Medium Regiment in the Eastern and Desert Theatres, an Infantry Brigade in Counter Insurgency Operations, an Infantry Division along the Line of Control in the Valley, and a Corps along the Western Borders. Lt Gen Raj Shukla is an alumni of the Defence Services Staff College Wellington, the College of Defence Management Secunderabad, and the National Defence College New Delhi. He has served two tenures at the Military Operations Directorate and as the Director-General, Perspective Planning at Army HQ. He has also been Commandant of the Indian Army War College.

    Yes Bank appointed Neeraj Dhawan as its Chief Risk Officer

    74 days ago
    Yes Bank appointed Neeraj Dhawan as its Chief Risk Officer (CRO) with immediate effect. Neeraj was appointed for a period of three years. He assumed charge on 2 May. He replaced Ashish Agarwal, the current CRO, who will be transitioning to a new role in the bank. Neeraj Dhawan: Neeraj Dhawan held the position of chief risk officer for retail and business banking at Yes Bank. He has experience of over 29 years of financial services and banking industry.

    Giridhar Aramane assumed charge as Secretary, Ministry of Road Transport and Highways

    74 days ago
    Shri Giridhar Aramane assumed charge as Secretary, Ministry of Road Transport and Highways. He held briefing meetings with senior officers to review the work of the Ministry and discussed pressing issues especially in the light of the impact of COVID-19 pandemic. Giridhar Aramane: Giridhar Aramane is a 1988 batch IAS officer of Andhra Pradesh cadre. Shri Aramane was earlier serving as Additional Secretary in the Cabinet Secretariat. He has also been a Joint Secretary in the Ministry of Petroleum and Natural Gas from 2012-14. Shri Aramane has worked in the Government of Andhra Pradesh at various positions including field and policy level and has vast experience in organizational and finance matters. He is an MTech in Civil Egg from IIT Madras and holds a Masters Degree in Economics. He has undergone training in finance and banking matters at Singapore and France, apart from the IIM Bangalore, IIFT New Delhi and Tata Mgt Trg Centre, Pune.

    Ajay Tirkey assumes charge as Secretary of Ministry of Women and Child Development

    75 days ago
    Shri Ajay Tirkey assumed charge as Secretary, Ministry of Women and Child Development (WCD) in New Delhi on 1 May 2020. He succeeded Shri Rabindra Panwar who retired on superannuation on 30 April 2020. Ajay Tirkey: Ajay Tirkey is the 1987 batch IAS officer of Madhya Pradesh cadre. Prior to this, held the post of Special Secretary in the same Ministry. In 2017, he worked as a Joint Secretary in the Department of School Education and Literacy in the Ministry of Human Resource Development (MHRD). From 2015 to 2017, has been Managing Director of State Cooperative Marketing Federation. He has extensive experience of handling the portfolios of Medical Education, Labour & Employment and Rural Development in his home cadre appointments. He has served as the Principal Secretary to the Governor of Madhya Pradesh From 2004 to 2009 he was on deputation to the Ministry of Defence as Director and Joint Secretary. He has also worked as the Managing Director (MD) of State Cooperative Marketing Federation (Markfed), Madhya Pradesh. He served as the District Collector of Sidhi, Hoshangabad and Raipur. In addition, he has worked in various capacities as an officer of Indian Administrative Service in Madhya Pradesh.

    T.S. Tirumurti appointed as Permanent Representative of India to UN

    76 days ago
    T.S. Tirumurti has been appointed as the next Ambassador or Permanent Representative of India to the United Nations. He will succeed Syed Akbaruddin as India's Permanent Representative to the UN. The appointment was approved by the Ministry of External Affairs. T.S. Tirumurti: Tirumurti is an IFS officer of 1985 batch. He is currently serving as the Secretary in the Ministry of External Affairs, at the MEA headquarters in Delhi.

    Suresh N. Patel took oath as Vigilance Commissioner

    77 days ago
    Suresh N. Patel took oath as Vigilance Commissioner on 19 April. He was administered the oath of office by Sanjay Kothari, Central Vigilance Commissioner on the video link, due to the social distancing norms. The swearing-in ceremony was attended by Shri Sharad Kumar, Vigilance Commissioner, Secretary, and other senior officers of the Commission. The tenure of Vigilance Commissioner is of four years or till the incumbent attains the age of 65 years. The Central Vigilance Commission can have a Central Vigilance Commissioner and two Vigilance Commissioners. Suresh N. Patel: Suresh N. Patel had over 30 years of experience in the banking sector. He was the Managing Director & CEO of Andhra Bank and was an Executive Director in the Oriental Bank of Commerce. He held various positions including being a member of Management Committee, Indian Banks' Association; Member, Bankers' Institute of Rural Development, National Bank for Agriculture and Rural Development (NABARD); President, State Level Bankers' Committee, Andhra Pradesh and President, Bankers' Institute of Rural & Entrepreneurship Development. Also, he is a Permanent Invitee to the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) of RBI. He also served as a member of the Advisory Board for Banking and Financial Frauds (ABBFF) prior to his appointment as Vigilance Commissioner.

    Rajiv Kumar appointed as chairperson of Public Enterprises Selection Board

    77 days ago
    Former finance secretary Rajiv Kumar was appointed as the chairperson of the Public Enterprises Selection Board (PESB) on 29 April. The appointment of Rajiv Kumar is approved by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi. He will serve as the PESB chairperson for a period of three years. Rajiv Kumar: Rajiv Kumar is a 1984-batch IAS officer of Jharkhand cadre. He retired as the finance secretary in February 2020. Previously, he has steered the banking and financial sector through the severest crisis. Kumar took over as the Secretary, Department of Financial Services in September 2017. At the time most of the public sector banks including the State Bank of India were in losses.  Later, the GoI designated him as the finance secretary in July 2019. He was also instrumental in brokering peace between the Centre and the Reserve Bank of India (RBI) that resulted in the smooth transfer of Rs.1.76 lakh crore of the central bank's surplus to the exchequer in 2019. Also, a massive Rs.3 lakh crore recapitalization of banks was undertaken during his tenure. Before joining the finance ministry, Kumar served as the Establishment Officer (EO) in the Personnel Ministry.

    Justice Dipankar Datta sworn in as Chief Justice of Bombay HC

    78 days ago
    A senior judge of the Calcutta High Court (HC) Justice Dipankar Datta was sworn-in as the new Chief Justice of Bombay HC on 28 April. The oath of office was administered by Governor of Maharashtra Bhagat Singh Koshyari at Raj Bhavan. Justice Dipankar Datta will replace Justice Bhushan Pradyumna Dharmadhikari whose term as Chief Justice ended on 27 April 2020. Justice Dipankar Datta: Justice Dipankar Datta was born in February 1965. He practiced in various High courts including Calcutta HC, Gauhati HC, Jharkhand HC. Occasionally, he has also practiced law in the Supreme Court of India for about 16 years in Civil, Constitutional, Labour, Service, Education, and Transport. He has specialized in Constitutional, Labour and Service matters.  He served as a Central Government Counsel and held the office of Lawyer-in-Charge of the University of West Bengal and the West Bengal School Service Commission. On 22 June 2006, he was appointed as a Permanent Judge of the Calcutta HC.

    US President Trump nominated Indian-American Manisha Singh as US Envoy to OECD

    78 days ago
    President of the United States Donald Trump nominated senior Indian-American diplomat Manisha Singh as America's next envoy to the Organisation for Economic Cooperation and Development (OECD). Manisha Singh: Manisha Singh is currently serving as the Assistant Secretary of State for Economic and Business Affairs at the State Department. Prior to that, she served as the Acting Under Secretary of Economic Growth, Energy and the Environment, and as a Deputy Assistant Secretary in the Bureau of Economic, Energy, and Business Affairs at the State Department. The 49-year-old has also served as the Deputy Chief Counsel to the Senate Foreign Relations Committee. Singh served as the Senior Fellow for International Economic Affairs at the American Foreign Policy Council. She was also a term member of the Council on Foreign Relations. Manisha Singh earned an LL.M. in International Legal Studies from the American University Washington College of Law. She received her B.A. from the University of Miami. She has also studied at the University of Leiden Law School in the Netherlands.

    Sanjay Kothari took oath as Chief Vigilance Commissioner

    81 days ago
    Sanjay Kothari took oath as Chief Vigilance Commissioner (CVC). The oath office was administered by President Ram Nath Kovind on 25 April 2020 at the Rashtrapati Bhavan, New Delhi. Prime Minister Narendra Modi, Vice President M Venkaiah Naidu, and others were also present at the ceremony. Social distancing was also ensured there as chairs were kept apart. Central Vigilance Commission: The Central Vigilance Commission was established in February 1964. The anti-corruption watchdog is headquartered in New Delhi. The autonomous body is free of control from any executive authority. It is responsible for monitoring all vigilance activities in the Central government. It will also advise various authorities in planning, executing, reviewing and reforming their vigilance work.   

    N Kamakodi reappointed as MD and CEO of City Union Bank

    85 days ago
    Private sector lender City Union Bank reappointed N Kamakodi as the Managing Director (MD) and Chief Executive Officer (CEO) of the Bank. The appointment was approved by the Reserve Bank of India (RBI) on 20 April. Kamakodi's reappointment is for a further period of three years with effect. The reappointment will be effective from 1 May 2020. Kamakodi has been associated with the City Union Bank since 2003. He was elevated as MD and CEO in 2011. City Union Bank: Founded on: 31 October 1904 Founded by: R.Santhanam Iyer, S.Krishna Iyer, V.Krishnaswami Iyengar Headquarters: Kumbakonam, Tamil Nadu Chairman: R. Mohan MD & CEO: Dr. N. Kamakodi

    Kapil Dev Tripathi appointed as Secretary to President of India

    85 days ago
    Kapil Dev Tripathi was appointed as the Secretary to President Ram Nath Kovind on 20 April. His appointment was approved by the Appointments Committee of the Union Cabinet headed by Prime Minister Narendra Modi. His appointment is on a contract basis. He has been appointed for a term co-terminus with the tenure of the President of India. The appointment of Tripathi comes nearly two months after Mr. Kothari, a 1978 batch (retired) IAS officer of Haryana cadre, was selected as the next Central Vigilance Commission (CVC). However, the government has not notified the appointment as finding his successor took time. Kapil Dev Tripathi: Kapil Dev Tripathi is a 1980 batch IAS (retired) officer of Assam-Meghalaya cadre. He is currently serving as the chairman of the Public Enterprises Selection Board (PESB).

    Chess wizard Viswanathan Anand named ambassador of WWF India

    89 days ago
    Chess Master Viswanathan Anand has been appointed as the new Ambassador for World Wide Fund (WWF) India's Environment Education program.  The Environment Education Program was formed in 1976. It reaches out to school children, youth and citizens across the country. The main objective of the organization is to generate critical thinking, problem-solving, and environmentally-conscious individuals. The Environment Education program impacts over 5 million children across 2000 schools. World Wide Fund for Nature (WWF): World Wide Fund for Nature (WWF) was established in 1961. It is headquartered in Vaud, Switzerland. The NGO works in the field of wilderness preservation, and the reduction of human impact on the environment. With over 5 million supporters worldwide, WWF India has become the world's largest conservation organization. WWF aims to stop the degradation of the planet's natural environment and to build a future in which humans live in harmony with nature. Viswanathan Anand: Viswanathan Anand was born on 11 December 1969 at Mayiladuthurai, Tamil Nadu. In 1983, he won the National Sub-Junior Chess Championship with a score of 9/9. He won the Asian Junior Chess Championship in 1984, which earned him the International Master norm.  In 2007, Anand entered the (Fédération Internationale des Échecs) FIDE World Championship Tournament in Mexico as the world's top-ranked player. Anand stood as the World Chess Champion from 2007 to 2013. He won the World Chess Championship five times in 2000, 2007, 2008, 2010 and 2012. He became one of the 6 players who broke the 2800 mark on the FIDE rating list.  In 1985, he was conferred the Arjuna Award for Outstanding Indian sportsperson in Chess. In 1987, he was awarded the Padma Shri. He received the Rajiv Gandhi Khel Ratna Award in the years 1991-92. In 2000 he was awarded the Padma Bhushan and he was awarded Padma Vibhushan in 2007.

    Birupaksha Mishra assumes charge as ED of Union Bank of India

    92 days ago
    Shri Birupaksha Mishra took charge as the Executive Director (ED) of Union Bank of India (UBI), after its amalgamation with Corporation Bank and Andhra Bank. Prior to this, he was the ED at Corporation Bank. Shri Birupaksha Mishra: Shri Birupaksha Mishra holds a Postgraduate degree and a CAIIB (Certified Associate of Indian Institute of Bankers). In 1984, he started his banking career as a Probationary Officer. He has a rich experience of more than three decades in various administrative and functional capacities at many Branches, Regional Offices and mainly at the Corporate Office. As a part of his role, he has handled the Credit and Credit Monitoring Portfolio of the Bank and headed the IT vertical of the Bank. He has served in many parts of the country. Union Bank of India: Formed on: 11 November 1919 Headquarters: Mumbai MD & CEO: Rajkiran Rai G. Corporation Bank and Andhra Bank have recently amalgamated with the Union Bank of India (UBI) with effect from 1 April 2020. With this, the Government of India holds over 90% of its share capital.

    Karnataka Bank re-appointed Mahabaleshwara MS as MD and CEO

    93 days ago
    Karnataka Bank's board has re-appointed Mahabaleshwara MS as its MD & CEO for a further period of three years. The Private lender has also appointed P. Jayarama Bhat as a non-executive chairman till 13 November 2021. The appointments were approved by the Reserve Bank of India (RBI). They are expected to take the bank to new heights in corporate governance and business standards. The will focus on value-creation for all the stakeholders. Their appointment comes in the time when the world is facing an unprecedented new set of challenges caused due to COVID-19 outbreak.  Karnataka Bank: Founded on: 18 February 1924 Headquarters: Mangaluru, Karnataka MD & CEO: Mahabaleshwara M.S Karnataka Bank Limited is a Class 'A' Scheduled Commercial Bank. It stands as the 12th largest private sector bank. It has adopted Core banking, Internet banking across the country.

    Pravin Rao is appointed as the new chairman of Nasscom

    100 days ago
    Vice-Chairperson Infosys' chief operating officer, UB Pravin Rao, has been appointed as the new chairman of the National Association of Software and Services Companies (Nasscom) for the year 2020-21. He was appointed Rekha Menon of Accenture.  Rekha M Menon is the Chairman and Senior Managing Director, Accenture in India. Menon will be the Vice-Chairperson for Nasscom. Pravin Rao, along with President Debjani Ghosh, will help Nasscom to achieve its 2025 vision for the industry.  Nasscom: Formed on: 1 March 1988 Headquarters: Noida, Uttar Pradesh Members: over 2,000 companies NASSCOM is a non-profit organization which is a trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry. It is affiliated with the NASSCOM Foundation, National Institute for Smart Government (NISG), Data Security Council of India (DSCI). 

    Indian-origin MP Lisa Nandy appointed as shadow foreign minister

    100 days ago
    Sir Keir Starmer, the Labour Party's newly-elected Leader, named Indian-origin MP Lisa Nandy as his shadow foreign secretary on 5 April. Starmer's new committee will be responsible for coordinating Labour's response to the coronavirus pandemic. Lisa Nandy: Lisa Eva Nandy served as the Member of Parliament for Wigan since 2010. From 2010-12 she served as the Parliamentary Private Secretary to Tessa Jowell. From 2012-15, she served as the Shadow Charities Minister.  Nandy came in third in the 2020 Labour Party leadership election. She secured 16.3% of the vote and came behind Keir Starmer and Rebecca Long-Bailey.

    NTPC appointed Dilip Kumar Patel as Director of Human resources

    103 days ago
    National Thermal Power Corporation (NTPC) Limited appointed Dilip Kumar Patel as its Director Human resources on 1 April. Dilip Kumar Patel: Patel has more than three decades of experience in HR functions. He graduated in Mechanical Engineering from NIT, Rourkela. He gained his Post Graduate Diploma in Business Management (HR & Finance) from MDI, Gurgaon. Initially, he gained experience in Mechanical Maintenance & CHP Operation and Employee Development Centre (EDC) at Korba.  In 1997, he switched his career to core HR functions. After his work as HR at Korba, he moved to become the Head of HR at Koldam where the first hydro project of NTPC was launched. Patel has served as HR Head in various NTPC projects like NSPCL Bhilai, Sipat, and Tanda for around 12 years. He also served as the Regional Head of HR in the Eastern Region-2, before he was appointed as the Director (HR). NTPC Limited: Founded on: 7 November 1975 Headquarters: New Delhi, India Chairman & MD: Gurdeep Singh NTPC provides services including Electricity generation and distribution natural gas exploration, production, transportation and distribution. The Public Sector Undertaking (PSU) ventures into oil and gas exploration and coal mining activities also. IT is promoted by the Government of India.

    Pravin Jadhav resigns as MD and CEO of Paytm Money

    105 days ago
    Pravin Jadhav, the Managing Director and CEO of Paytm Money resigned from the company. He will be relieved by the end of April. The reason cited for his resignation was differences over ESOPs, annual salary, and remuneration.  Pravin Jadhav: Jadhav was elevated as MD and CEO in September 2019. Previously, he was associated with the wealth management platform since the inception of the firm. From 2017, he served with Paytm Money in various roles like a consultant, director, and MD. Paytm Money: Paytm Money was founded in 2019 by Jadhav. So far, the payment has around Rs.5000 crore assets under its management. Paytm money is one of the big bets played by the payments unicorn. It is a product of Paytm.  Paytm: Founded on: August 2010 Headquarters: Uttar Pradesh, India Founded by: Vijay Shekhar Sharma CEO & President: Vijay Shekhar Sharma Vice president: Ajay Shekhar Sharma Paytm is an India-based e-commerce payment system and financial technology company. 

    BP Kaunungo was reappointed as the deputy governor of RBI

    106 days ago
    BP Kaunungo was reappointed as the deputy governor of Reserve Bank of India (RBI). The Appointments Committee of Cabinet (ACC) approved the extension of Kanungo's term as RBI deputy Governor by one year. It will be effective from 3 April, when his 3-year tenure comes to an end. BP Kaunungo: Kanungo served as an executive director of the RBI. In April 2017, he was elevated to the post of deputy governor. He is in charge of departments like currency management, payments, and settlement, foreign exchange, internal debt management, among others. Kanungo is a career central banker. He joined the RBI in September 1982. He has worked in several functional areas of the banks such as foreign exchange management, banking & non-banking Supervision, currency management, government and bank accounts, and public debt.

    AP appointed Dr.Srinath Reddy as an advisor to the state Government

    106 days ago
    The Andhra Pradesh Government has appointed Dr.Srinath Reddy as an advisor to the Government on 31 March. Dr.Reddy is the former Head of the Department of Cardiology, All India Institute of Medical Sciences (AIIMS), New Delhi. Srinath Reddy: Dr.Reddy will act as the advisor to the Andhra Pradesh Government. The state government has requested that he will not take any salary or perks in return for his services.  Background: So far, a total of seventeen new COVID-19 positive cases have been detected in Andhra Pradesh. The total number of positive cases in the state increased to 40.

    Sudhir Rajkumar resigns from UN Joint Staff Pension Fund

    106 days ago
    Sudhir Rajkumar, a senior official from India, has resigned from his position of Representative of the UN Secretary-General for the investment of the assets of the United Nations Joint Staff Pension Fund (UNJSPF). He was appointed to the role of UN Secretary-General Antonio Guterres in October 2017. Rajkumar did not mention any reason for his resignation. He managed the assets of the United Nations Joint Staff Pension Fund. Sudhir Rajkumar: Prior to the UN appointment, Sudhir Rajkumar headed the global pension advisory program at the World Bank Treasury. He provided advisory services to the Ministry of Finance of Brunei Darussalam, National Pension Fund of the Republic of Korea, South Africa's Government Employees Pension Fund, KWAP of Malaysia, and the Nazarbayev University Endowment in Kazakhstan and other public investment institutions globally. In 1988, he began his career at the World Bank in Eastern Africa Operations as a Young Professional and has worked in various regions and capacities with the World Bank and International Finance Corporation, including as Principal Investment Officer. Note: UNJSPF was established in 1948. The UN General Assembly passed a resolution to provide retirement, death, disability and related benefits for staff upon cessation of their services with the UN.

    Sameer Aggarwal is appointed as CEO of Walmart India

    111 days ago
    Sameer Aggarwal is appointed as CEO of Walmart India. Aggarwal appointment will come into effect from 1 April. He will report to Dirk Van Den Berghe, Executive Vice-President and Regional CEO of Asia and Global Sourcing, Walmart.  Aggarwal will replace Krish Iyer, who is set to retire. He has assumed the role of advisor to Best Price, Walmart India. Sameer Aggarwal: Sameer Aggarwal received his post-graduation from the London Business School and is a fellow member of the Institute of Chartered Accountants of India. He has experience across industries in general management, strategy, finance and mergers, and acquisitions in various countries, for more than two decades. He worked as the Chief Finance, Development and Supply Chain Officer for KFC Thailand. Before this, he worked with Sainsbury's in its UK and China operations as Head of Strategy and then Executive Assistant to the CEO to assist with the CEO transition. He has worked with McKinsey & Company UK and Australia as Associate Partner leading projects globally across various sectors and functions for over seven years.

    Former CJI Ranjan Gogoi took oath as a member of Rajya Sabha

    118 days ago
    Former Chief Justice of India (CJI) Ranjan Gogoi took oath as a member of Rajya Sabha on 19 March 2020. He was nominated by President Ram Nath Kovind. His nomination to the upper house was made against the vacancy created due to the retirement of senior lawyer KTS Tulsi. Ranjan Gogoi: Ranjan Gogoi was retired on 17 November 2019. He is the first person from the northeast region to reach the top of the judiciary. He served as the Judge of Gauhati High Court from 28 February 2001 to 8 September 2010. In September 2010, he was appointed as the Judge of Punjab and Haryana High Court. He then served as the Chief Justice of Punjab and Haryana High Court on 12 February 2011. In 2012, he served as the Judge of the Supreme Court of India. On 3 October 2018, he replaced Justice Dipak Misra as CJI. He was appointed as CJI by the President of India Ram Nath Kovind.

    Google appointed Karan Bajwa as MD of Google Cloud in India

    118 days ago
    Google appointed Karan Bajwa as Managing Director (MD) of Google Cloud in India. He will advise Google Cloud's work with the local developer ecosystem and India-based Global System Integrators (GSIs). Google Cloud's field sales, partner, and customer engineering organizations in India will report to Bajwa. He will be responsible for driving all revenue and go-to-market operations for Google Cloud's extensive solution portfolio that includes Google Cloud Platform and G Suite in the country. Karan Bajwa: Karan Bajwa is a senior leader with over three decades of leadership experience. He recently served as MD for  India and South Asia for IBM. Before that, he worked as an MD in Microsoft for nine years. He led the company's operations in India. He worked with Cisco Systems in India and Singapore.

    Bill Gates stepped down from the Microsofts board

    123 days ago
    Microsoft co-founder Bill Gates stepped down from Microsoft's board. Microsoft did not announce any replacement for Gates on the board. Gates also announced that he would be stepping down from the board of Berkshire Hathaway. Since 2004, he has served as a director of Berkshire Hathaway.  His departure reduced the number of Microsoft directors to 12. The board directors of Microsoft are John W. Thompson, Microsoft independent chair; Sandra E. Peterson, operating partner, Clayton, Dubilier & Rice; Nadella; Reid Hoffman, partner at Greylock Partners; Hugh Johnston, vice chairman and chief financial officer of Pepsico; Teri List-Stoll, executive vice president and chief financial officer of Gap; John Stanton, chairman of Trilogy Equity Partners; Penny Pritzker, founder, and chairman, PSP Partners; Charles W. Scharf, CEO of Wells Fargo; Arne Sorenson, president and CEO, Marriott International; Padmasree Warrior, founder, CEO, and president, Fable Group; and Emma Walmsley, CEO of GlaxoSmithKline. Earlier, in October 2018, Microsoft co-founder Paul Allen died of cancer at the age of 65.  Microsoft: Founded on: 4 April 1975 Founders: Bill Gates, Paul Allen Headquarters: Washington, US chairman: John W. Thompson CEO: Satya Nadella President: Brad Smith

    Eric Horvitz appointed as CSO of Microsoft

    124 days ago
    Microsoft has appointed Eric Horvitz as its first-ever Chief Scientific Officer (CSO). He will provide cross-company leadership on advances and trends on scientific matters and on issues and opportunities arising at the intersection of technology people and society.  The team under Horvitz will advise the company on its scientific directions and capabilities, including standing up new initiatives, providing guidance on company priorities, and assessing important areas for investment in science and technology. Eric Horvitz: Horvitz who joined Microsoft in 1993. He was a Technical Fellow and Director at Microsoft's Research Labs. He has co-chaired the company's Artificial Intelligence and Ethics in Engineering and Research (AETHER) Committee. 

    Lt Gen KJS Dhillon to assume charge as Director General of DIA

    127 days ago
    Lt Gen KJS Dhillon is appointed as the Director-General Defence Intelligence Agency (DG DIA) and Deputy Chief of Integrated Defence Staff (Intelligence) (DCIDS) on 9 March. The department functions under the Chief of Defence Staff (CDS) in the newly created Department of Military Affairs. He will assume the charge soon. Lt Gen KJS Dhillon: Lt Gen Dhillon is 57-year-old age. He is from the 1983 batch of the Indian Military Academy. He served at the strategic XV Corps of Army in 2019 and handed over the charge of XV Corps to Lt Gen BS Raju.  Defence Intelligence Agency: Upon the recommendations of a Group of Ministers, which looked into lapses leading to the Kargil intrusion in 1999, DIA was established in 2002. DIA is the nodal agency for all defence-related intelligence that collects information technically and through satellites to safeguard the interest of the country.

    Chalasani Venkat Nageswar gets additional charge as CFO of SBI

    127 days ago
    Chalasani Venkat Nageswar was given the additional charge of Deputy Managing Director and Chief Financial Officer (CFO) of State Bank of India (SBI) on 9 March with immediate effect.  SBI: Founded on: 2 June 1806 (as Bank of Calcutta), 15 April 1840 (as Bank of Bombay), 1 July 1843 (as Bank of Madras), 27 January 1921 (as Imperial Bank of India), 1 July 1955 (as State Bank of India) Headquarters: Mumbai, Maharashtra, India Chairman: Rajnish Kumar The public sector bank (PSB) is the largest bank in India, with a 23% market share. GoI took control of the Imperial Bank of India (present SBI) in 1955. RBI holds a 60% stake in the bank. 

    Amita Pandove was sworn in as Information Commissioner of CIC

    131 days ago
    Smt Amita Pandove was sworn in as the Information Commissioner, Central Information Commission (CIC). The oath of office was administered by the Chief Information Commissioner, Shri Bimal Julka.  With her induction, the total number of Information Commissioners in the Central Information Commission, including Chief Information Commissioner, has gone up to 7.

    Bimal Julka was sworn in as the Chief Information Commissioner on 5 March

    131 days ago
    The former Information and Broadcasting (I&B) Secretary Bimal Julka was sworn in as the next Chief Information Commissioner (CIC) on 5 March. The oath of office was administered by President Ram Nath Kovind. Bimal Julka was chosen by a high-level selection panel chaired by Prime Minister Narendra Modi. Also, the appointment of Sanjay Kothari as Chief Vigilance Commissioner is yet to be notified. Bimal Julka: Bimal Julka is a retired Indian Administrative Service (IAS) officer who served as an Information Commissioner. He will fill the vacancy created by incumbent Sudhir Bhargava, who retired earlier 2020.  Central Information Commission (CIC): Central Information Commission was formed on 12 October 2005. CIC was constituted under the Right to Information (RTI) Act. It has jurisdiction over all central public authorities.

    Sumant Kathpalia appointed as MD and CEO of Induslnd Bank Ltd

    138 days ago
    The Reserve Bank of India (RBI) appointed Sumant Kathpalia as Managing Director and Chief Executive Officer of Induslnd Bank Ltd. The appointment with effect from 24 March 2020. He will hold the office for a tenure of three years. Kathpalia will replace Romesh Sobti. Romesh Sobti: Sobti has been serving as MD & CEO at Induslnd Bank since 2008. Prior to that, he served as the India head for ABN Amro Bank.  Sumant Kathpalia: Sumant Kathpalia is a former ABN Amro employee. He currently heads Induslnd Bank's retail lending business. The appointment of Kathpalia was nominated and remunerated by the committee of the Induslnd bank's board. It was communicated to RBI in November 2019. IndusInd Bank Limited: Founded on: 1994 Founder: S. P. Hinduja Headquarters: Pune, Maharashtra IndusInd Bank was the first bank among the new-generation private banks across India. It offers transactional, commercial, and electronic banking products and services. 

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