Vinai Kumar Saxena will be the new lieutenant governor of Delhi, President Ram Nath Kovind's office announced.Anil Baijal, the Union territory's twenty-first LG, resigned on May 18 citing ‘personal reasons.’
Saxena is the current chairman of the Khadi and Village Industries Commission, an organisation under the Ministry of Micro, Small and Medium Enterprises.
The RBI has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it. The six-member committee headed by former RBI deputy governor B P Kanungo has been asked to submit a report within three months from the date of its first meeting.
India's largest private sector bank, HDFC Bank partnered with Retailio announced the launch of a new range of co-branded credit cards primarily targeted at chemists and pharmacies in the merchant segment. Retailio is the country's largest B2B pharma marketplace.
The partnership is likely to cover over 1.4 lakh merchants in the first phase of its roll-out.
With help from Mito Pereira’s heartbreaking debacle on the 72nd hole, Thomas won the PGA Championship and his second Wanamaker Trophy in a three-hole aggregate playoff against Will Zalatoris, who was seeking his first PGA Tour title.
Kishore Jayaraman, President – India and South Asia for Rolls-Royce, has received an honorary Officer of the Order of the British Empire (OBE) by Her Majesty The Queen. He received the award for services to international trade and investment, with a key focus on promotion of India-UK trade.
Mr. Jayaraman is a board member of the UK-India Business Council.
Steel Authority of India Limited (SAIL), the maharatna steelmaking public sector unit, is celebrating the company’s fifty years of incorporation this year in 2022. SAIL’s legacy of fifty years is being celebrated with the launch of a new commemorative logo and will be followed by several events to be held all across the company throughout the year.
SAIL was incorporated on 24th January, 1973.
The main event of the 8th International Day of Yoga (IDY-2022) demonstration will be held at Mysuru in Karnataka on 21st June 2022. As this IDY is falling in the “Azadi Ka Amrit Mahotsav” year, the Minister of Ayush has also planned to observe IDY at 75 iconic locations across the country and is focusing on branding India on a global scale.
The Government of India and the Government of the USA have signed an Investment Incentive Agreement (IIA) in Tokyo, Japan. This IIA supersedes the Investment Incentive Agreement signed between India and the USA in the year 1997. The Agreement is the legal requirement for DFC, a development finance agency of the USA, to continue providing investment support in India.
Veteran Communist leader and three-time Member of Parliament Shivaji Patnaik passed away in Odisha. He was 93. Shivaji Patnaik is lauded as the founder of CPI (Marxist) in Odisha. Born on August 10, 1930, the veteran leader joined the State student’s movement at the age of 17 when he was studying at Ravenshaw College.
World Economic Forum (WEF) announced a new 'Alliance of CEO Climate Action Leaders India' that will work towards fast-tracking decarbonisation pathways along India's net-zero journey. The Alliance will serve as a high-level platform to support business leaders in planning and implementing plans and programmes to achieve climate targets, including net-zero economic growth
The Alliance is a collaboration between Kearney and Observer Research Foundation.
The securities market regulator, SEBI came out with a circular on May 23 on ‘Development of Passive Funds’ covering a gamut of issues related to ETFs (exchange traded funds) and index funds. Notably, the circular has introduced a new category of mutual fund schemes – Passive ELSS (equity linked savings scheme).
Tata Power and Tata Motors announced collaborating on a project to develop a 7 MWp solar rooftop project at Tata Motors' plant in Chikhali, Pune, making the unit home to India's largest on-site solar project. This is the third phase of a joint MWp on-site solar project developed by the two companies. A 10 MWp has been previously installed.
The two companies have also inked a power purchase agreement (PPA) for the project.
JSW One Platforms, an e-commerce venture by JSW Group, has appointed Gaurav Sachdeva as CEO. Sachdeva transitioned from his role at JSW Ventures where he led venture capital investments for the fund. In his new role, his aim is to create a platform that will ease buying and selling of steel and other products for manufacturing and construction MSMEs in the country.
Prime Minister participated in the event to launch the Indo-Pacific Economic Framework for Prosperity. The IPEF seeks to strengthen economic partnership amongst participating countries with the objective of enhancing resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region.
NHA has launched revamped ABHA mobile app to manage health records under Ayushman Bharat Digital Mission. It enables an individual to create an ABHA address that can be linked with the 14-digit randomly generated ABHA number.
It was previously known as the NDHM Health Records app.
Belgium has become the first country to make a 21-day quarantine compulsory for monkeypox patients. Monkeypox is a disease in the same family as smallpox but is less deadly than smallpox, with a four-percent mortality rate.