Current Affair Today
Rajnish Kumar, 59, the senior most of the managing directors at State Bank of India (SBI), will become the 25th chairman of the country’s largest lender, succeeding Arundhati Bhattacharya, who is set to retire on 6 October.
The government announced his appointment for three years. Kumar currently is in charge of retail banking at SBI.Kumar’s appointment comes at a time when SBI’s profitability is under strain because of ballooning bad loans and sluggish credit growth.Kumar’s predecessor Bhattacharya was the first woman chairperson of the 200-year-old state-owned bank.
Bangladesh signed a whopping USD 4.5 billion third line of credit (LoC) agreement with India for its infrastructure and social sector development.
The agreement was signed in the presence of Finance Minister Arun Jaitley and his Bangladeshi counterpart A M A Muhith.The new Indian line of credit, worth USD 4.5 billion, will be used to fund 17 major projects in Bangladesh, which include electricity, railroads, roads, shipping and ports.
The 2017 Nobel Prize in chemistry has been awarded to three scientists for improving images made of biological molecules.Jacques Dubochet, Joachim Frank and Richard Henderson will share the nine million kronor (£831,000) prize.
They developed a technique called cryo-electron microscopy (cryo-EM), which simplifies the process for looking at the machinery of life.Prof Dubochet was born in Switzerland, Joachim Frank is German and Richard Henderson is from Edinburgh, UK.
IIM Bangalore's Prof. P C Narayan, a faculty from the Finance & Accounting area, has been selected for the 'Teaching Innovator Award-2016' by the Ministry of Human Resource Development,
Government of India.The Award will be presented at a ceremony by the MHRD, soon.The teaching innovation that fetched Prof. Narayan the award was titled "Transitioning from a 'Teacher-centric' to a 'Student-centric' Classroom and Online Learning".
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the Memorandum of Understanding (MoU) between India and Myanmar on upgradation of the Women’s Police Training Centre at Yamethin, Myanmar.
The MoU was signed on 6th September, 2017.The MoU covers upgradation of the Yamethin Women’s Police Training Centre to further augment the capabilities of the Myanmar Government to build capacities of its police force with technical and financial assistance from Government of India.