Current Affairs

Centre appoints Economic Affairs Secretary Tarun Bajaj as RBI director

Mumbai: The government has appointed Economic Affairs Secretary Tarun Bajaj as a director on the central board of Reserve Bank of India (RBI).

Bajaj replaces Atanu Chakraborty, who retired on April 30.

“The Central Government has nominated Tarun Bajaj, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India as a Director on the Central Board of Reserve Bank of India vice Atanu Chakraborty,” RBI said in a statement on Wednesday.

The nomination of Bajaj is effective from May 5 and until further orders, it said.



Gurudev Rabindranath Tagore's 159th birth anniversary; National Gallery of Modern Art to organise virtual tour from May 7

New Delhi: The National Gallery of Modern Art (NGMA) will organise a Virtual Tour titled “Gurudev – Journey of the Maestro through his visual vocabulary” from May 7, 2020, to commemorate the 159th birth anniversary of Gurudev Rabindranath Tagore. There will be over 102 artworks created by the versatile genius. These artworks give a glimpse of his precious contributions to the visual language. 

The virtual tour presents the work of art from the prominent artworks of Rabindranath Tagore from reserve collection of NGMA and displayed in the themes of Portraits & Head study, The Human and Mesmerizing Nature according to his composition.



Max Bupa appoints Krishnan Ramachandran as MD & CEO

Max Bupa Health Insurance announced the appointment of Krishnan Ramachandran as its Managing Director (MD) and Chief Executive Officer (CEO). Krishnan will be responsible for driving the company’s next phase of growth with a view to realize Max Bupa’s vision of becoming the most trusted health insurance company in India.


Welcoming the new MD & CEO, CB Bhave, Chairman, Max Bupa Board said, “I am delighted to welcome Krishnan to the Max Bupa family. His deep knowledge of the health insurance industry and diverse experience across domestic and international markets, coupled with his track record of delivering consistent and profitable growth, will be invaluable for Max Bupa. I am confident that under his able leadership and support of our shareholders True North and Bupa, we will realize our goal of becoming a highly customer-centric, leading retail player in the Health Insurance market.”

An industry veteran, Krishnan brings with him over 23 years of extensive experience across Health insurance, Healthcare & Life Sciences industry. Krishnan is known for his focus on core institution building with varied experience in transforming health insurance operations, driving a high growth distribution strategy, and leveraging technology for enabling business growth. He has played a key role in shaping the evolution of the health insurance industry in India, through leadership roles in the CII Policy & Standards Committee, on Health Insurance. Krishnan last served as the CEO of Apollo Munich Health Insurance.



Trump taps Indian-American lawyer Ashok Michael Pinto as US representative to World Bank lending arm IBRD

US President Donald Trump has nominated Indian-American lawyer Ashok Michael Pinto as a representative to the International Bank for Reconstruction and Development, the World Bank's lending arm.

Pinto, who has worked as a Special Assistant and Associate Counsel to former president George W Bush, was on Monday nominated as US Alternate Executive Director of IBRD for a term of two years.

If confirmed by the Senate, he would replace Erik Bethel, who has resigned from the post.



Atal Tunnel, HP: Construction commences with necessary COVID-19 precautions

Atal Tunnel is being constructed in the Pir Panjal ranges of Himachal Pradesh. It is in the critical stage of construction wherein road surface works, installation of electro-mechanic fittings including lighting, ventilation and Intelligent Traffic Control Systems are being executed. The work halted for 10 days due to the COVID 19 pandemic outbreak, now commences.

Atal Tunnel is being constructed in the Pir Panjal ranges of Himachal Pradesh since Manali-Sarchu-Leh road remains closed for six months in a year due to Rohtang Pass being completely snow bound between Nov and May. It will connect Manali to Lahaul Valley throughout the year and will reduce the road length of Manali-Rohtang Pass-Sarchu-Leh road by 46 Kms. Besides connecting the people of Lahual to rest of India through the year the tunnel will aid the forward connectivity offering the security forces a major strategic advantage.



Shramik Trains: Indian Railways deny charging any fare from workers

On the issue of charging of train fare, the Health Ministry official said that permission has been given to run special trains for movement of stranded people, based on request of State governments. He said the Central Government has not ever talked of charging train fare for workers.

He said, 85 per cent of fare is borne by Indian Railways and 15 per cent by the respective State government.

The Railways is not selling any tickets to migrants and is only boarding passengers based on lists provided by States," said sources from the Ministry of Railways.

The Railways is running Shramik special trains keeping berths empty in each coach to maintain social distancing, the trains are returning empty from destinations under lock and key.



PMBJK accepting orders on WhatsApp, e-mail amid lockdown

Pradhan Mantri Bharatiya Janaushadhi Kendras are accepting orders for medicines on WhatsApp and e-mail amid lockdown. Medicines are delivered at the doorsteps of the patients on the basis of uploaded preions. This novel move is ensuring use of technology for facilitating easier procurement of medicines by the users.
 
Complimenting this initiative, Union Minister for Chemicals and Fertilizers Sadananda Gowda said, it is heartening that many Janaushadhi Kendras are using modern communication tools to provide essential medicines to the needy.
 
At present, there are over 6,300 such Kendras functioning in 726 districts at affordable prices. These medicine are cheaper by about 50 to 90 per cent on an average.



Rural Development Minister launches Saras collection on GeM portal

Rural Development Minister Narendra Singh Tomar has launched the Saras collection on Government e Marketplace (GeM) portal in New Delhi. The Saras collection showcases daily utility products made by rural self-help groups. It aims to provide market in rural areas with access to Central and State Government buyers.
 
AIR correspondent reports that under the initiative, sellers from Self Help Group will be able to list their products in five product categories. These five categories are handicrafts, handloom and textiles, office accessories, grocery and pantry and personal care and hygiene.
 
In the first phase, 913 Self Help Groups from 11 States have already registered as sellers and 442 products have been listed. GeM will provide dashboards for functionaries at the national, state, district and block level to provide them real time information about the product, value and volume of the orders.



Kashmir Saffron gets GI tag

Department of Agriculture Kashmir has been granted Certificate of Registration by Registrar of Geographical Indication, Chennai, Government of India in respect of Kashmir Saffron. The Registered Proprietor of the G.I Kashmir Saffron is Director Agriculture, Kashmir, facilitated by SKUAST (K) and Saffron Research Station Dusso Pampore J&K.

Highlighting the achievement, Director Agriculture, Kashmir, Altaf Aijaz Andrabi said that GI is a sign on products that have a specific geographical origin and the product may have special quality or reputation, an official handout said.



Microwave steriliser to disintegrate Coronavirus developed

New Delhi: The Defence Institute of Advanced Technology, Pune, a deemed university supported by Defence Research and Development Organisation has developed a microwave sterilizer named as ‘ATULYA’ to disintegrate COVID-19.

The virus gets disintegrated by differential heating in the range of 560 to 600 Celsius temperatures.

The product is cost-effective solution, which can be operated in portable or fixed installations. This system was tested for human/operator safety and has been found to be safe.