This is a comprehensive current affairs article in which we will cover today’s many important news from National News, International, Economy, Environment and Ecology, Defence and Security, Banking Awareness, Appointments, Awards, Science and Technology, Sports News and many more.
Indian Astrologer Dr. Sohini Sastri Felicitated By D. Litt in Astrology :
Indian Astrologer Dr. Sohini Sastri has been honoured with “D. Litt in Astrology” (Doctor of Letters) by National American University, USA at an event held in Mumbai at Classique Club for her immense knowledge and contribution towards Astrology.
Phayeng Village of Manipur tagged as India’s first carbon-positive settlement :
Phayeng, a scheduled caste village of the Chakpa community in Imphal West district of Manipur has been tagged as India’s first carbon-positive settlement. The village is surrounded by three densely forested hillocks with fruit trees at centre and a stream flowing through it. Also, it has been revived from the dry and denuded village through the sheer determination of its residents and funding under National Adaptation Fund for Climate Change (NAFCC), which is a central scheme launched in 2015-16 to support adaptation for climate change impact in various states.
David Malpass named World Bank President :
David Malpass has been appointed as the President of the World Bank. He was US President Donald Trump’s nominee and won unanimous approval from the institution’s executive board. He has replaced Former World Bank President Jim Yong Kim who left in January 2019. Malpass was former Bear Stearns and Co chief economist who advised Trump’s 2016 election campaign.
Lakshmi Vilas Bank to merge with Indiabulls Housing Finance :
The board of Lakshmi Vilas Bank (LVB) approved the merger of the private sector lender with Indiabulls Housing Finance (IBH) through a share swap deal. The merger will help Indiabulls get access to low-cost stable funds and entry into banking.The merger will also enable Tamil Nadu-based LVB to obtain a larger geographical presence. The merged entity will have a net worth Rs19,472 crore and a loan book Rs1,23,393 crore for the nine months of FY19.
Vikram Kirloskar appointed as CIIs president :
Vikram Kirloskar, CMD of Kirloskar Systems Ltd., and vice-chairman of Toyota Kirloskar Motor has assumed office as President of the Confederation of Indian Industry (CII) for 2019-20. He takes over from Rakesh Bharti Mittal, vice-chairman, Bharti Enterprises. Uday Kotak, founder and MD & CEO of Kotak Mahindra Bank, is the president-designate of CII for 2019-20. T.V. Narendran, CEO & MD of Tata Steel Limited, takes over as CII vice-president for 2019-20.
Nasscom appointed Keshav Murugesh as CEO :
IT industry body Nasscom has appointed WNS Global Services Group CEO Keshav Murugesh as its chairman for 2019-20. He takes over from his previous role as vice-chairman of Nasscom. He succeeds Rishad Premji (Wipro chief strategy officer and board member). Nasscom has appointed Infosys COO U.B. Pravin Rao as its vice-chairman for 2019-20.