The Union Government has appointed K Satyanarayana Raju as the Managing Director and CEO of Canara Bank, with immediate effect. He will be replacing L V Prabhakar who demitted office on December 31, 2022.
Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore.
Canara Bank, Headquarters: Bangalore.
Digital payments decacorn PhonePe has launched support for cross-border UPI payments, under UPI International.
The Walmart-owned payments major became the first in its category to integrate UPI International. PhonePe would now be available across merchant outlets that have a local QR code in the UAE, Singapore, Mauritius, Nepal and Bhutan.
NPCI plans to roll out UPI International to more countries over 2023.
The government informed the Parliament due to the various measures taken by it, the power availability in the country on an average has gone up to 22.5 hours in rural areas and 23.5 hours in urban areas.
Union Power Minister R K Singh said that the Indian power system met a record power demand of 211.6 GW in June 2022.
Google CEO Sundar Pichai announced the soft launch of Bard to a set of "trusted testers,".
Google explains that Bard is an experimental conversational AI service, powered by LaMDA (Language Model for Dialogue Applications).
LaMDA was announced two years ago, at the 2021 Google I/O keynote, as Google’s next-generation language and conversation capabilities.
Alphabet i.e. Google's parent company, Chief Executive Officer : Sundar Pichai.
Pakistan wicketkeeper-batter Kamran Akmal has announced his retirement from all forms of professional cricket. He also made it clear that he intends to venture into other roles such as coaching.
Akmal last donned the Pakistan jersey in April 2017. He hangs up his boots having represented the Men in Green in 53 Tests, 153 ODIs and 58 T20Is.
Saravanan U is set to be the next Chairman & Managing Director (CMD) of National Fertilizers Limited (NFL), a Miniratna PSU under the Department of Fertilizers. He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel. Presently, he is serving as CMD of Madras Fertilizers Limited (MFL).
The NFL’s CMD post fell vacant after its former head Virendra Nath Datt superannuated.
The Ministry of Petroleum and Natural Gas Ministry signed a Statement of Intent with International Energy Agency to strengthen cooperation in the field of data and research in the energy sector to enhance global energy security. According to the statement the SoI will initiate cooperation in the energy sector between Petroleum Planning & Analysis Cell PPAC and IEA.
Natasha Perianayagam, an Indian-American student, was nominated to the Johns Hopkins Center For Talented Youth's list of the "world's brightest" students for the second year in a row based on the results of assessments taken by more than 15,000 students from 76 different countries that were above grade level.
13-year-old Perianayagam attends Florence M. Gaudineer Middle School in New Jersey.
India has signed a Memorandum of Understanding (MoU) with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council, Malaysia to further promote the adoption of energy efficiency and sustainable practices in the region. Energy Efficiency Services Limited, a Public Sector Undertaking under the Ministry of Power, signed the (MoU) with the IMT-GT JCB Malaysia.
Working group meeting of G20 on energy transition took place in Bengaluru
According to production data of Food and Agriculture Organization Corporate Statistical Database, India is the highest milk producer i.e., rank first position in the world contributing twenty-four percent of global milk production in the year 2021-22. The milk production of India has registered fifty-one percent increase during the last eight years.
Milk production increased to twenty-two crore tonne in the year 2021-22.
Germany-based Uniper has signed an agreement with Greenko ZeroC to source green ammonia from the latter's Kakinada facility in Andhra Pradesh. The two companies intend to negotiate pricing, supply and tenure structure for a supply and purchase agreement for 2,50,000 tonnes per annum of green ammonia (GASPA) based on the heads of terms.
Debt-ridden telecom company Vodafone Idea said its board has approved the allotment of equity shares worth Rs 16,133 crore to the government. After the conversion, the government will own 1,613 crore shares for Rs 10 each in the firm, which roughly translates into 33.44 percent stake.
The government has appointed a 16-member committee of union secretaries, law experts, and industry stakeholders to draft within three months the Digital Competition Act after studying anticompetitive practices. The panel will be headed by Manoj Govil, secretary in the Ministry of Corporate Affairs (MCA) and it will study the existing provisions in Competition Act, 2002.
The Monetary Policy Committee (MPC) increased the repo rate, or the key rate at which the RBI lends short-term funds to commercial banks, to 6.50 per cent from 6.25 per cent. The key rate has now been raised by 250 (225 + 25) bps since May by the panel. The panel also decided to remain focused on withdrawal of accommodative stance.
With this, the repo rate has been hiked for the sixth time in a row.
India's unemployment rate declined to a four-month low of 7.14 per cent in January, according to data from the Centre for Monitoring Indian Economy. The unemployment rate during December 2022 was 8.30 per cent, while in November, it was at 8% and 6.43 per cent in September. While urban unemployment was at 8.55 per cent during January, rural joblessness stood at 6.48%.
The government has extended PM-KUSUM scheme till March 2026 as its implementation was significantly affected due to the pandemic. Launched in 2019, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan aimed at adding solar capacity of 30,800 MW by 2022 with total central financial support of Rs 34,422 crore, including service charges to the implementing agencies.
Ministry of New and Renewable Energy (MNRE) has launched the PM- KUSUM Scheme
The Comptroller and Auditor General of India (CAG) signed two Memoranda of Understanding (MoUs) with Tajikistan and Kazakhstan on the sidelines of the Shanghai Cooperation Organization Supreme Audit Institutions (SCO SAI) Leaders’ meeting in Lucknow. The agreements are aimed at strengthening cooperation and facilitating the exchange of expertise in the field of auditing.
Comptroller and Audit General of India- Girish Chandra Murmu