Hindustan Unilever Ltd (HUL) board has approved the appointment of Rohit Jawa as its next Managing Director and Chief Executive Officer.
The appointment for a 5-year period is effective from June 27, 2023. He will succeed Sanjiv Mehta, who has been at the helm of Hindustan Unilever since 2013.
Rohit Jawa is presently the Chief of Transformation for Unilever.
Misra Centre for Financial Markets and Economy (MCFME) at the Indian Institute of Management Ahmedabad (IIMA), along with the Centre for Advanced Financial Research and Learning (CAFRAL) organised the 'International Research Conference on FinTech: Innovation, Inclusion, and Regulation' .
The Governor of RBI is the Chairman of the Governing Council of CAFRAL.
Shri. B.P. Kanungo: the Director of CAFRAL.
The National People’s Congress (NPC) unanimously endorsed Mr. Xi, 69, with all of its 2,952 present members casting votes in favour of his reappointment, and none abstaining or opposing.
Xi Jinping nominated Li Qiang, 63, to become premier. Li Qiang will replace Li Keqiang, who became premier in 2013.
Han Zheng, the former Vice Premier, was appointed Vice President.
The Central Government has released the 14th instalment of tax devolution to State governments amounting to 1,40,318 crore rupees.
The monthly instalment for March is much more than the normal monthly devolution of Rs 70,159 crore made for states.
Uttar Pradesh received the highest instalment of Rs 24,783 crore among all states.
41% of taxes collected by the Centre is devolved in 14 instalments among states in a FY.
The Central Railway has achieved 100 per cent electrification of its broad gauge network of 3,825 kilometers, which was resulting in an annual reduction of 5.204 lakh tonnes of carbon footprints.
52-kilometre Ausa Road-Latur Road stretch in Solapur division was the last non-electrified section and its electrification was completed on the 23rd of February this year.
Central railway zonal headquarters: CSMT, Mumbai
WFI will be organised by the Ministry of Food Processing Industries. The Curtain Raiser Event to WFI-2023 was held on 10th March.
Minister Paras outlined five pivotal elements of the WFI-2023 as Millets- ‘Shree Anna-The Super Food of India’, Innovation and Sustainability ‘Green Food’, White Revolution 2.0, making India an export hub and focus on technology and digitisation.
Union Minister of Food Processing Industries: Pashupati Kumar Paras
Union minister for Micro, Small and Medium Enterprises, Narayan Rane, launched the MSME Competitive (LEAN) scheme.
Under the revamped scheme, the Centre's contribution will be 90 per cent of the implementation cost for handholding and consultancy fees as against 80 per cent previously.
NITI Aayog released report 'Production and Promotion of Organic and Bio fertilisers with Special Focus on Improving Economic Viability of Gaushalas'.
Task Force was constituted by Aayog to suggest measures to make Gaushalas economically viable,address the problem of stray and abandoned cattle & effective utilisation of cow dung and urine in agriculture and energy sectors.
Govt has amended rules under the anti-money law, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEP). Also, financial institutions or reporting agencies will be required to collect information about the financial transactions of non-profit organisations or NGOs under the provisions of PMLA.
Prevention of Money Laundering Act (PMLA) was enacted in 2002.
The Defence Ministry signed a contract for the procurement of six Dornier-228 aircraft for the Indian Air Force (IAF) from Hindustan Aeronautics Ltd. (HAL) at a cost of ₹667 crore.
The IAF has used the Dorniers for route transport role and communication duties, apart from training of transport pilots.
The Chhattisgarh government has set aside Rs 19,489 crore for the school education department, the highest provision for any department in the Rs 1.21-trillion annual Budget for the fiscal year 2023–24.
The allocation is about Rs 3,000 crore more than the previous year, also the highest increase for any department.
In an initiative to promote Central Bank Digital Currency (CBDC), Kochi Metro has started accepting the digital currency in its parking facilities. It was inaugurated at the parking facility in Thykoodam and the system would be introduced in all other parking areas of the Metro soon.
It was introduced in association with IDFC FIRST bank & Anantham Online, a tech startup.
Ram Chandra Poudel of Nepali Congress was elected as the new president of Nepal.
This is the third presidential election in Nepal since the country became a republic in 2008.
The tenure of the current president, Bidya Devi Bhandari, ends on March 12.
Nepal Prime Minister: Pushpa Kamal Dahal 'Prachanda'.
Axis Bank joined hands with FMCG giant ITC to offer lending products and services to farmers who are a part of ITC's agriculture eco-system.
Under the tie-up, the bank will leverage ITCMAARS (Meta Market for Advanced Agricultural Rural Services), a full-stack Agri-tech application for reaching out to the farmers and addressing their financial requirements.
To ensure the availability of power during the peak demand season, the Central Government has launched a High Price Day Ahead Market (HP-DAM) and Surplus Power Portal (PUShP).
Power Minister R.K. Singh virtually launched the portal in New Delhi.