Ujjivan Small Finance Bank Limited has appointed Nitin Chugh as its next Managing Director and Chief Executive Officer (CEO) from December 1, 2019.

The appointment comes at the end of an extensive search undertaken by the board as a part of the succession planning process, pursuant to the upcoming retirement of the bank’s current MD and CEO, Samit Ghosh, on November 30, 2019.

The bank has received the approval of its application for Chugh's appointment, from the Reserve Bank of India (RBI) on May 14, 2019. Nitin Chugh will join the bank by August 2019 as President and will work closely with Samit Ghosh, existing MD and CEO to ensure a smooth transition.

Pakistan's currency hit an all-time low against the US dollar after it dropped to Rs 148 per dollar in the inter-bank market. 

The devaluation followed bailout package by the International Monetary Fund (IMF) in the weekend. 

The IMF agreed to provide USD 6 billion to Pakistan under stringent conditions, including a higher role of market forces in determining currency rates. 

Opposition parties blamed Imran Khan-led PTI government's policies for weakening the national currency. Maryyium Aurangzeb of PML-Nawaz said in Islamabad that the prime minister is responsible for the mess in which he has landed the country. 

US Navy chief Admiral John Richardson said his recent visit to India was a "critical opportunity" to strengthen ties between the two navies and sharing views on a multilateral approach in maintaining maritime domain awareness in the strategic Indo-Pacific region.

Richardson, who was on a three-day visit to India, met his Indian counterpart Admiral Sunil Lanba and other senior officers and discussed joint exercises between the two navies amid rising Chinese influence in the Indo-Pacific region.

He told reporters in Washington that both the countries have explored ways to make the growing relationship between the US Navy and the Indian Navy "more vibrant". 

Commandos of the National Security Guard, NSG, scaled the Mount Everest, the world's highest peak, in their maiden attempt. 

The NSG  in a statement said in New Delhi today that a seven-member team led by Lt Col J P Kumar, successfully unfurled the Indian flag at the 8,848-metre tall peak at about 7 am today. The team adopted the southeastern approach via South Col in Solukhumbhu region of Nepal.

NSG Director General Sudeep Lakhtakia congratulated the team, saying "Everest demands doggedness, tenacity, perseverance, courage and multiple skills to survive in toughest conditions. 

US President Donald Trump has rolled out a merit-based immigration system from which foreigners, including hundreds and thousands of Indian professionals and skilled workers, waiting to get Green Cards or permanent legal residency stand to benefit. He made the announcement in his Rose Garden speech yesterday. 

President Trump said under the proposed system permanent legal residency would be given based on points for their age, knowledge, job opportunities and civic sense. 

The proposals significantly increase the quota for skilled workers from the existing nearly 12 per cent to 57 per cent. Besides, immigrants will be required to learn English and pass a civics exam prior to admission.

In Saudi Arabia, authorities have granted exit visas to 450 stranded Indian workers and their repatriation will begin soon. 

This was announced by India's Ambassador to Saudi Arabia Dr. Ausaf Sayeed yesterday on the occasion of Iftar to share the meal with the workers. 

He added that the  Indian Embassy is working to obtain exit visas for the remaining workers.

India’s overall exports, combining Merchandise and Services, in April this year is estimated to be around 44 billion US dollars with a positive growth of 1.34 per cent over the April last year. 

According to the Ministry of Commerce & Industry data released today, overall imports in last moth is estimated to be around 53 billion dollars with a positive growth of 4.5 per cent over corresponding period of last year. 

Taking merchandise and services together, overall trade deficit for last month is estimated at around nine billion dollars as compared to around seven billion dollars in the same period last year.

To combat online extremism, India has decided to sign an international call initiated by the governments of France and New Zealand along with top social media companies after the Christchurch attacks.

The document called "Christchurch Call To Action" was signed and adopted on Wednesday with participation from 26 nations, including France, New Zealand, European Commission, Ireland, Norway, Senegal, Canada, Jordan, UK, Indonesia, Australia, Germany, Japan, Spain, Netherlands, Sweden and India.

India was represented by the Secretary, Ministry of Information and Technology, Ajay Prakash Sawhney.

US President Donald Trump has declared a national emergency to protect American computer networks from foreign adversaries. 

Mr. Trump signed an executive order which effectively bars US companies from using foreign telecoms believed to pose a security risk to the country. 

Mr Trump does not name any company specifically in the order. However, analysts suggest it is mainly directed at Chinese telecommunications giant Huawei.

A number of countries - including the US - have raised concerns that the company's products could be used by China for surveillance. Huawei has said its work does not pose any threat. The US is also embroiled in an escalating trade war with China.

Austria has approved a law aimed at banning the headscarf in primary schools. However, patka head covering worn by Sikh boys or the Jewish kippa would not be affected, says the government. 

The law was proposed by the ruling right-wing government.

Representatives of both parts of the governing coalition, the centre-right People's Party (OeVP) and the far-right Freedom Party (FPOe), have said that the law is targeted at the Islamic headscarf.

FPOe education spokesman Wendelin Moelzer said the law was a signal against political Islam while OeVP MP Rudolf Taschner said the measure was necessary to free girls from subjugation.