Daily News

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T Raja Kumar appointed president of the FATF, global money laundering watchdog

Singapore's T Raja Kumar has been appointed as the president of the Financial Action Task Force (FATF), the global money laundering and terrorism financing watchdog.

His appointment, which begins on Jul 1, is a for fixed two-year term. He was selected to succeed Dr Marcus Pleyer of Germany during the FATF plenary.

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Singapore has been a member of the organisation since 1992.

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SBI appoints ex-Ujjivan Small Finance Bank CEO Nitin Chugh as Deputy Managing Director

State Bank of India (SBI) has appointed former Ujjivan Small Finance Bank CEO Nitin Chugh as Deputy Managing Director (DMD) to drive digital banking operations.

He has been appointed to SBI for an initial term of three years.

Chugh, who joined Ujjivan Small Finance Bank in 2019, quit the bank in September last year citing personal reasons.

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Banks Board Bureau (BBB) launches programme for improving quality of PSU bank boards

The nine-month Directors' Development Programme (DDP) is designed for the directors of the PSBs and financial institutions with the key objective of enhancing director effectiveness to increase their impact on the boards.

The programme designed in collaboration with IBA and others will help empower and enrich the board critical for the decision making.

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Bhanu Pratap Sharma:
Chairman, Banks Board Bureau

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Airtel, Axis Bank partner for financial services; launch co-branded credit card

Bharti Airtel and Axis Bank announced a collaboration for offering financial services, starting with a co-branded credit card for subscribers of the telecom services company. Under the partnership, the companies will provide pre-approved instant loans, 'buy now pay later' offerings, and other services.

Bharti Airtel MD and CEO for India and South Asia, Gopal Vittal.

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Axis Bank MD and CEO Amitabh Chaudhry.

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DMRC, CPWD sign pact for Central Vista 'Metro loop'

The Delhi Metro Rail Corporation (DMRC) and the Central Public Works Department (CPWD) signed an MoU under which the former will provide technical assistance and execute finishing and service works for construction of a loop corridor connecting the existing Metro network with the new Central Secretariat buildings coming up as part of the Central Vista revamp project.

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DMRC's Managing Director-Dr. Mangu Singh.
Shailendra Sharma-Director General, CPWD.

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Sh. Rajnath Singh Virtually Inaugurates Indo-Pacific Military Health Exchange Conference

Defence Minister Rajnath Singh virtually inaugurated the four-day Indo-Pacific Military Health Exchange (IPMHE) conference co-hosted by Armed Forces Medical Services (AFMS) and US Indo-Pacific Command (USINDOPACOM).

The theme of the conference is ‘Military Healthcare in a Volatile, Uncertain, Complex and Ambiguous (VUCA) World’.

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President of India Sh. Ram Nath Kovind To Confer Prestigious Nari Shakti Puraskars To 29 Outstanding Individuals

As many as 29 outstanding personalities will be conferred with the prestigious Nari Shakti Puraskar for the years 2020 and 2021 on the occasion of International Women’s Day.

In all, 28 awards (14 each for the year 2020 and 2021) will be presented to 29 individuals in recognition of their exceptional work in rendering distinguished services towards the empowerment of women.

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CISF celebrated its 53rd Raising Day

Union Home Minister Amit Shah attended the 53rd Raising Day celebrations of the Central Industrial Security Force (CISF) in Ghaziabad.

The Home Minister pitched for a hybrid security model where the CISF could train and certify private security agencies so that they can take over the task of efficiently guarding various kinds of industrial and manufacturing units in India.

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Ninth edition of India-Sri Lanka Naval Exercise SLINEX begins in Visakhapatnam

The ninth edition of India-Sri Lanka Naval Exercise, SLINEX, is scheduled at Visakhapatnam.

The exercise is being conducted in two phases, the Harbour Phase at Visakhapatnam on 07 to 08 March this year, followed by the Sea Phase on 09 to 10 March in the Bay of Bengal.

The Sri Lanka Navy will be represented by SLNS Sayurala, an advanced offshore patrol vessel.

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The previous edition of SLINEX was conducted off Trincomalee in October 2020.

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Former PM Vajpayee’s long-time aide Shiv Kumar Pareek passes away

Former Prime Minister Atal Bihari Vajpayee’s long-time aide Shiv Kumar Pareek passed away.

Shiv Kumar Pareek was rooted in the ideologies of the Bharatiya Janata Party (BJP) and devoted himself to the service of nation-building.

He also worked to nurture innumerable workers with nationalist ideas, human values and ideals,

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International Women's Day 2022: March 8

Each year, International Women’s Day is celebrated on March 8.

According to the United Nations Educational, Scientific and Cultural Organisation, International Women’s Day first emerged from the activities of labour movements at the turn of the twentieth century across North America and Europe.

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Theme 2022:- Gender equality today for a sustainable tomorrow.

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MSME Ministry launches ‘SAMARTH’ to promote women entrepreneurship

The Ministry of Micro, Small and Medium Enterprises has launched SAMARTH — a special entrepreneurship promotion drive for women.

Under SAMARTH, 20 per cent seats in free skill development programmes, organised under skill development schemes of the ministry, will be allocated for aspiring and existing women entrepreneurs.

This will benefit more than 7,500 women in 2022-23.

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Govt launches Donate-a-Pension programme

Union Labour and Employment Minister Bhupender Yadav launched the 'Donate-a-Pension' program under Pradhan Mantri Shram.

It is an initiative under (PM-SYM) pension scheme where citizens can donate the premium contribution of their immediate support staff such as domestic workers, drivers, helpers etc.

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DD India inks MoU with Yupp TV; widens its global outreach

Indian public broadcaster Prasar Bharti has inked a Memorandum of Understanding (MoU) with the over-the-top (OTT) platform Yupp TV to enhance the global reach of DD India channel.

DD India says it aims to put forth India’s perspective on various international developments on global platforms and to showcase India’s culture and values to the world.

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NMDC receives 1st prize in Ispat Rajbhasha Award for 2018-19 and 2020-21 & Ispat Rajbhasha Prerna Award for 2019-20

National Mineral Development Corporation Ltd. (NMDC), Country’s largest Iron Ore producer, a CPSE under Ministry of Steel received 1st prize in the Ispat Rajbhasha Award for 2018-19 and 2020-21 and the Ispat Rajbhasha Prerna Award for 2019-20 in the meeting of the Hindi Salahakar Committee of the Ministry of Steel held in Madurai on 3rd March 2022.

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NMDC Limited, is a government owned mineral producer. Headquarters: Hyderabad.

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Microsoft to set up India’s largest datacenter region in Hyderabad

Microsoft said that it plans to establish its largest India data centre region in Hyderabad as the tech firm looks to tap into a growing digital market where more businesses are adopting new-age tech capabilities like the cloud and AI to drive their growth. 

Government of Telangana will be investing over ₹15,000 crore for the development of the project.

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The data centre is expected to be operational by 2025.

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Telangana tops country in terms of Per Capita Net State Domestic Product at Current Prices

Telangana has surpassed Maharashtra, Karnataka and Tamil Nadu to become top-performing state in the country in terms of growth rate of Per Capita Net State Domestic Product at Current Prices.

GSDP in Telangana increased from Rs 359434 crores in 2011-12 to Rs 1,154,860 crores in 2021-22.

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Telangana state began its journey in 2014 with the spirit of a “startup state”.