 Saurabh Kumar has been appointed as the Director General of Ordnance Factories (DGOF) and chairman of the Ordnance Factory Board (OFB). Kumar, a 1982-batch Indian Ordnance Factory Service officer, is an M-Tech in mechanical engineering from the Indian Institute of Technology (IIT), Kanpur. An expert in the manufacture of ordnance, Kumar was on deputation to the Ministry of Defence as the director of planning and coordination from 2002 to 2009. |
| Source: The Business Standard |
 The government has appointed Hemant Bhargava, Managing Director, Life Insurance Corporation of India, as the Acting Chairman. The move comes after VK Sharma retired from the top job at LIC on December 31. While traditionally the senior-most MD is appointed the chairman, Bhargava is due to retire in July 2019. |
| Source- The Hindu Business Line |
 The West Bengal government announced two welfare initiatives for farmers. Both initiatives, which are part of the ‘Krishi Krishak Bondhu’ scheme, will come into effect from 1st January 2019. The first of the two initiatives will provide Rs 2 lakh to the family of a deceased farmer. Under the second initiative, farmers would get Rs 2,500 twice a year for growing a single crop on one acre of land. |
| Source- The Financial Express |
 The Reserve Bank of India (RBI) set up an expert committee under former Sebi chairman U.K. Sinha to suggest long-term solutions for the economic and financial sustainability of the MSME sector. The eight-member committee will also examine the factors affecting the timely and adequate availability of finance to the sector. RBI has announced the panel a day after it allowed a one-time restructuring of existing debt up to INR 25 crore for the micro, small and medium enterprises (MSMEs) which have defaulted on payment but the loans given to them have continued to be classified as standard assets. |
| Source: The Livemint |
 Prime Minister Narendra Modi has inaugurated the 106th Indian Science Congress (ISC-2019) at Jalandhar, Punjab. The ISC is an annual congregation that witnesses deliberations by top scientific minds of the country. The theme for which is ‘Future: India-Science and Technology’. This will be his 5th address to Indian Science Congress after assuming office as Prime Minister. Three Nobel laureates will participate in this conference. Students will showcase their projects to scientists around the world. |
| Source- DD News |
 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows: |
| The Cabinet has approved- |
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| Source- Press Information Bureau (PIB) |
 The number of complaints registered at banking ombudsman offices have seen a25% increase in the fiscal year 2018, with the majority of these complaints coming from urban centres owing to increased awareness and poor internal redressal mechanisms of banks. “The banking ombudsman offices in tier-1 cities like New Delhi, Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad accounted for more than 57% of the total complaints received by all BO offices,” the RBI Report on Trend and Progress of Banking in Indiahas stated. |
| Source: The Economic Times |
 Veer Savarkar International Airport in Port Blair has been declared as an authorized Immigration Check post for entry into/exit from India with valid travel documents for all classes of passengers. The announcement was made by Information, Public Relations and Tourism Division of Andaman and Nicobar Administration. This decision of the Union Government will open up the Port Blair Airport for direct international flight and immigration facilities. |
| Source- DD News |
 Veteran Kannada actor CH Lokanath passed away after suffering cardiac arrest. He was 91. Lokanath was in the Kannada film industry for nearly six decades and was affectionately addressed as ‘Uncle Lokanath’ by his fans. He had acted in over 600 movies and more than 1,000 plays. His famous movies are Bhootayyana Maga Ayyu, Minchina Ota, Nagarahaavu, Nodi Swami Navidru Heege, Katha Sangama and Kittu Puttu. |
| Source-ANI News |
 Veteran cricket coach Ramakant Achrekar, who trained Bharat Ratna Sachin Tendulkar and Vinod Kambli, among others, passed away following a heart attack. He was 87 and breathed his last at his home in Dadar. Achrekar, honoured with Padma Shri in 2010 and Dronacharya Award in 1990, was instrumental in shaping the careers of Tendulkar, Kambli and over a dozen other top cricket stars. |
| Source: The Tribune |
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