 The Union Government has appointed Michael Debaprata Patra as the Reserve Bank of India’s Deputy Governor. He was presently serving as the Executive Director of the Reserve Bank of India. He has been appointed in place of former deputy governor Viral Acharya left the position with prematurely resignation 6 months ago. Michael Debaprata Patra will serve as the Deputy Governor of Reserve Bank of India for 3 years. The other 3 deputy governors of the Reserve Bank of India are: BP Kanungo, MK Jain and NS Vishwanathan. |
 The 5th edition of the prestigious Raisina Dialogue will begin in Delhi. This is India’s flagship global conference on geopolitics and geo-economics Raisina Dialogue. This conference is jointly organised by the Ministry of External Affairs and the Observer Research Foundation, will bring together 700 international participants from over 100 countries. The 12 foreign ministers, including from Russia, Iran, Australia, Maldives, South Africa, Estonia, Czech Republic, Denmark, Hungary, Latvia, Uzbekistan and the EU are participate in it. |
 Infosys has inked a deal for 5 years with GEFCO to digitally transform its worldwide operations. Infosys has partnered with the multimodal supply chain solutions provider, GEFCO to strenghthen its Digital Transformation. The digital services and consulting firm Infosys will help GEFCO to transfrom GEFCO’s next-generation business application management services. It will also help GEFCO to emerge as ‘Digital Native’ organization. The prime objective of the partnership is to support GEFCO to create new sustainable sources of competitive advantage and to constantly improve value for its customers. |
 Indian Oil Corp (IOC) has developed a special class diesel conforming to NATO grade for use in ships and vessels of Indian Navy. Vice Admiral G S Pabby launched the Upgraded High Flash High-Speed Diesel (HFHSD- IN 512). The fuel possesses the best rheological and detergent characteristics validated against most stringent military specifications. It also has lesser environmental impact due to low Sulphur content and would result in the better performance of engines. This fuel will facilitate the Indian Navy to enhance its global footprint and will allow India to fuel the vessels of friendly foreign countries at places where fuel conforming to NATO grade is supplied. |
 The Income-Tax Department has launched a 24×7 control room to monitor black money and illegal inducements in poll-bound Delhi. The facility will also host a toll-free number “1800117574” where people can inform the department about any activity of the use of money power, illegal distribution of cash among other such election-related crimes. The Election Commission (EC) has also appointed 22 IRS officers of the I-T Department as expenditure observers for these polls. |
 Armed Forces Veterans Day is observed each year on 14th January. The day is being celebrated since 2017. The day was initially called Armistice Day. This day is observed to mark the respect and recognition of the services rendered by Field Marshal KM Cariappa OBE – the first Indian Commander-in-Chief of the Indian Armed Forces who retired on 14 Jan 1953. The 4th Armed Forces Veterans Day is celebrated at Chandimandir Cantonment located in the Panchkula district, Haryana. |
 ISRO will launch GSAT-30 satellite onboard Ariane-5 launch vehicle (VA 251) from French Guiana on January 17, 2020. GSAT-30 is a communication satellite of India which is configured on ISRO’s enhanced I-3K Bus structure to provide communication services from Geostationary orbit in C and Ku bands. The satellite derives its heritage from ISRO’s earlier INSAT/GSAT satellite series. The Weighing 3357 kg, GSAT-30 is to serve as a replacement to INSAT-4A spacecraft services with enhanced coverage. The satellite provides Indian mainland and islands coverage in Ku-band and extended coverage in C-band covering Gulf countries, a large number of Asian countries and Australia. |
 SEBI (Securities and Exchange Board of India) stock market regulator has deferred the deadline for the separation of the posts of Chairman and MD (Managing Director) or chief executive officer (CEO) for 500 listed companies by 2 years. The date of implementation of the above regulatory provision has been deferred to April 1, 2022. SEBI aims to separate the board and the management of the top companies. In 2018 the Sebi asked the top 500 listed companies to split the post of chairman and managing director by April 2020. The rules to splitting the post of Chairman-MD are part of the recommendations of the Uday Kotak (MD of Kotak Mahindra Bank) Committee appointed by SEBI on Corporate Governance. |
| At present Many companies have merged the two posts as CMD (chairman-cum-managing director), leading to some overlapping of the board and management, which could lead to conflict. These companies including Reliance Industries, the chairman and MD are handled by the same person. The data from other stock exchanges reveal that at present Scenario, only around 50% of the top 500 listed company is in compliance with the aforementioned regulatory provision. Sebi has also received various representations with respect to the above regulatory requirement including from industry bodies like Federation of Indian Chambers of Commerce & Industry and Confederation of Indian Industry. The representations are looked together with the compliance levels, highlight the present levels of unpreparedness of listed entities to comply with the above regulatory provision, according to market sources. |
 Vice President M Venkaiah Naidu to inaugurate a new Centre of Excellence for Studies in Classical Telugu on January 21 in Nellore, Andhra Pradesh. The centre would facilitate to focus its activities for the development of this rich classical Telugu through Research, seminars, debates and various activities. The Centre of Excellence for Studies in Classical Telugu (CESCT) came under the Central Institute of Indian Languages (CIIL). |
 The Indian Railways has signed MoU with the RailTel, a Mini Ratna Public Sector Undertaking in order to implement Phase II of e-office programme. Also, the Indian Railways is to provide content on demand services in premium, suburban, express and mail trains. |
|
|
|
|
You need to login to perform this action.
You will be redirected in
3 sec
