22 December 2018 Current Affairs

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Infosys appoints Airtels Nilanjan Roy as new CFO
Infosys Ltd has appointed Bharti Airtel Ltd’s global CFO Nilanjan Roy as chief financial officer. He replaces interim CFO Jayesh Sanghrajka, who will resume his responsibilities as deputy CFO. Roy spent 13 years with Airtel, before which he worked for 15 years with Unilever across their global operations.

Overview of President of Maldives Ibrahim Solih’s maiden 3-day state visit to India
The President of the Republic of Maldives, H.E. Mr Ibrahim Mohamed Solih concluded his maiden 3-day state visit to India. Prime Minister announced financial assistance up to US$ 1.4 billion in the form of budgetary support, currency swap and concessional lines of credit to fulfil the socio-economic development programmes of the Maldives Maldives to re-join the Commonwealth and became the newest member of the Indian Ocean Rim Association.

Nevada becomes 1st US state with female-majority Legislature
Twenty-three of the 42 available State Assembly seats will now be represented by a woman. This came after Clark County Commissioners appointed Rochelle Thuy Nguyen and Beatrice Angela Duran to Las Vegas-area legislative seats.

India’s Forex Reserves declined by USD 613.9 million to USD 393.12 billion
India’s foreign exchange reserves declined in this week by USD 613.9 million reaching USD 393.12 billion. This decline has been attributed to the fall in foreign currency assets as per the Reserve Bank of India. The Forex reserves had increased by USD 16.6 million to reach USD 393.734 billion in the previous week.

15th Global SME Business Summit in New Delhi
15th edition of a two day Global SME Business Summit was organised by the Ministry of MSME and Confederation of Indian Industry (CII) in association with Government e-marketplace in New Delhi. The agenda of the summit is to bring together renowned speakers with unbounded experience and expertise, a global audience, and various national and international SME stakeholders to integrate Indian MSMEs into the Global Value Chains (GVCs).

Startup Ranking 2018 released by DIPP
The National Report on States’ ‘Startup Ranking 2018’ was unveiled by Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry. Gujarat has emerged as the best-performing state in the Startup Ranking 2018. Karnataka, Kerala, Odisha, and Rajasthan, with a score of more than 85 percentile, have been adjudged the top performers.

RBI limits total outstanding ECBs to 6.5% of GDP
The Reserve Bank of India, in consultation with the government, has decided to have a rule-based dynamic limit for outstanding stock of External Commercial Borrowings (ECB) at 6.5% of GDP at current market prices.

Mamata Banerjee awarded the Skoch CM of the Year Award
The Chief Minister of West Bengal has been awarded the Skoch Chief Minister of the Year Award for the year 2017. The award was given to Mamta Banerjee recognising her contribution in the overall development of West Bengal as West Bengal emerged as the best-performing state in the field of Governance.


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