December, 2017

Mr. Vineet appointed chief secretary

Vineet Chowdhary, a 1982 batch IAS officer of Himachal cadre, has been appointed as the chief secretary of the Himachal government. Chowdhary replaced Vidya Charan Pharka, who was appointed chief secretary on June 1, 2016, superseding 6 senior IAS officers, including Chowdhary. Pharka, a 1983 batch officer, has now been posted as the principal advisor to the government.

Academy for Labourers

31 : The Haryana government would soon open an academy for training labourers engaged in construction work so that they could get better employment opportunities.The labourers will be trained to become carpenters, plumbers, painters, electricians etc.In order to give the labourers equal status, the state government has, during three years, distributed about Rs 250 crore for their upliftment.

Ronaldo won the Best Player award

Real Madrid’s Cristiano Ronaldo has won the Best Player of the Year accolade at the Globe Soccer Awards. Ronaldo retained the award, making it four wins overall, after helping his club defend the Champions League and win the Liga title. Ronaldo was named winner ahead of Barcelona’s Lionel Messi and Paris Saint-Germain Neymar.

Farewell to MiG-27 ML Bahadur

Indian Air Force has bid farewell to MiG-27 ML Bahadur over Hasimara Air Force base in West Bengal.The MiG-27 ML, codenamed ‘Bahadur’ had an impeccable track record in its more than 3 decades of glorious service to the nation.Its capability of dropping bombs, rockets, precision munitions guided by laser & fire air-to-air missiles for self-defence made it a lethal & potent weapon platform.

Saurabh Chawla appointed DLF Group CFO

DLF has announced the appointment of Saurabh Chawla as the Key Managerial Personnel & Group Chief Financial Officer.The appointment follows the elevation of former Group CFO Ashok Kumar Tyagi as the whole-time director of the company.He currently spearheads the Investor Relations function at the Group level and is also responsible for Private Equity, M&A transactions within the DLF Group.

Nepal bans solo climbing on Mt Everest

Nepal banned solo climbers from scaling its mountains, including Mt Everest, in an attempt to reduce accidents & make mountaineering safer.New regulations prohibit double amputee & blind climbers from attempting to reach the Everest without a valid medical certificate.The death toll so far this season stands at 6, nearly 300 people have died since the 1st ascent to the peak made in 1953.

PNB hikes interest on term deposits

PNB has announced raising interest rates by up to 1.25% on domestic term deposits of up to Rs. 10 crore for different tenures, effective from Jan 1, 2018.For 1 yr term, rate has been increased from 5% to 5.7% on bulk term deposits.In maturity buckets of 3 yrs to 10 yrs, rate has been increased from 5% to 5.25%. In maturity bucket of 91 to 179 days, rate is up from 6 to 6.25%.

Govt. injects funds into 6 public banks

Centre has pumped in capital of Rs.7,577 crore in various weak public sector banks.This capital infusion would help banks shore up their capital adequacy as they close the books for Dec quarter.Govt released Rs. 2,257 crore to BOI, while IDBI Bank was infused with Rs. 2,729 crore.All these banks are saddled with huge NPA & are under the prompt corrective action framework of RBI.

Pratibha Gai get top royal honour

Scientist Pratibha Laxman Gai has been named for damehood, the female equivalent of knighthood, for “services to chemical sciences and technology”.She is the fourth Indian-origin woman conferred with the honour since it was instituted in 1917.Gai has patented inventions in the fields of hydrocarbon catalysis/polymers, electronic ceramics, Piezoelectrics & nanocoatings for polymers & food.

World’s second largest cryptocurrency

Cryptocurrency ‘Ripple’ has surpassed ethereum as the second-largest cryptocurrency by market capitalization. Ripple had a market cap of $86.3 billion, surpassing ethereum’s $73 billion.Bitcoin remains the largest digital currency by far, having a market capitalization of roughly $247 billion, accounting for about 41% of the total cryptocurrency market cap.