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Current Affairs - 25 February 2022
1. MoD signs contract worth Rs 1075 crore with BEL for retro-modification of Commander Sight of Battle Tanks T-90
- Acquisition Wing of Defence Ministry has signed a contract for Rs 1075 crore
with Bharat Electronics Limited for retro-modification of Commander Sight of Battle Tanks-T-90. - Retro-modification will be carried out in 957 T-90 tanks of Indian Army.
- It will provide further boost to ‘Make in India’ initiative of the government.
- Commander sight of Battle Tank T-90: India’s premier battle tank, is presently fitted with Image Converter tube-based sight for night viewing.
Foot Notes:
About BEL:
Headquarters: Bengaluru
Founded: 1954
Chairman & MD: Anandi Ramalingam
2. Hindustan Unilever separates positions of Chairman and CEO & MD
- FMCG major Hindustan Unilever Ltd (HUL) has announced separation of the
position of Chairman and the CEO & Managing Director of the company. - With this, Nitin Paranjpe has been appointed as the Non-Executive Chairman of the company with effect from 31st March, 2022.
- He is currently serving as Chief Operating Officer of Unilever (parent company of HUL).
- Sanjiv Mehta will continue to be the Chief Executive Officer & Managing Director (CEO & MD) of HUL
Foot Notes:
About HUL:
CEO: Sanjiv Mehta
Headquarters: Mumbai
Founded: 17 October 1933
3. Govt launches Ombudsperson App for smooth functioning of MNREGA scheme
- Minister of Rural Development and Panchayati Raj, Giriraj Singh has launched
Ombudsperson App for MNREGA - It will facilitate hassle-free reporting, categorization of grievances and disposal of complaints by Ombudsperson
- It will also ensure tracking and timely passing of awards by Ombudsperson.
- The app will ensure transparency and accountability in the ecosystem of MNREGA
- Ombudsperson can also easily upload quarterly and annual reports on the website through the app.
4. Moody’s raises India's growth forecast to 9.5 percent for 2022
- Moody's Investors Service has raised India's growth forecast to 9.5% from 7%
for calendar year 2022 - Moody revised its growth projection for India citing stronger-than-expected economic recovery from national lockdown of 2020 and COVID-19 pandemic in mid-2021.
- Moody's raised 2022 calendar year growth forecasts for India and maintained forecast for 5.5% growth in 2023.
- This translates into 8.4% growth in fiscal year 2022-23 and 6.5% growth in fiscal year 2023-24.
Foot Notes:
About Moody:
Founder: John Moody
Founded: 1909
Headquarters: United States
5. WEF signs MoU with NIUA to collaborate on ‘Sustainable Cities India program'
- World Economic Forum has signed MoU with National Institute of Urban Affairs
(NIUA) to collaborate on ‘Sustainable Cities India program’. - Aim: to create an enabling environment for cities to generate decarbonization solutions across the energy, transport, and the built environment sectors.
- Sustainable Cities India program enable cities to decarbonize in systematic and sustainable way that will reduce emissions and deliver resilient and equitable urban ecosystems.
Foot Notes:
About WEF:
Headquarters: Cologny, Switzerland
Founder: Klaus Schwab
Founded: January 1971
6. Union Minister Pralhad Joshi launches ERP System of Coal India Ltd
- Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi has
inaugurated Enterprise Resource Planning (ERP) system. - ERP will establish best business practices, standardize and unify business process across CIL and its subsidiaries.
- Implementation of ERP across Coal India will give boost to government endeavor towards Digital and New India
- On the occasion, Anil Kumar Jain released book titled as ‘Fueling India’s Energy Needs’.
7. Russia launches special military operation on Ukraine's eastern Donbas
- Russian forces have launched special military operation in Ukraine's eastern
Donbas region, along with launching ballistic missile attacks on Ukrainian cities - They have entered Ukrainian territory from Crimea.
- Russian President Putin said that Russia did not plan to occupy Ukraine, but warned that Moscow's response would be instant if anyone tries to take on Russia.
- Indian External Affairs has set up control room in Delhi in view of the prevailing situation in Ukraine
Foot Notes:
About Russia:
President: Vladimir Putin
Capital: Moscow
Currency: Russian ruble
Prime Minister: Mikhail Mishustin
About Ukraine:
President: Volodymyr Zelenskyy
Capital: Kyiv
Currency: Ukrainian hryvnia
Prime Minister: Denys Shmyhal
8. Author Anirudh Suri pens book titled ‘The Great Tech Game’
- Famous Indian author Anirudh Suri has come out with his new book titled as
‘The Great Tech Game: Shaping Geopolitics and the Destinies of Nations.’ - It has been published by HarperCollins India publication.
- The book lays out a roadmap for how any country must develop its own strategic plan to succeed in this technology-dominant era.
- He is the founding partner and managing director of India Internet Fund.
9. Mandaviya inaugurates industry and academia seminar 'Industry Connect 2022'
- Chemicals and Fertilizers Minister, Mansukh Mandaviya has inaugurate seminar
titled ‘Industry Connect 2022’, in New Delhi - It is being organized by Department of Chemicals and Petrochemicals in association with Central Institute of Petrochemicals Engineering and Technology and Federation of Indian Chambers of Commerce and Industry.
- Focus: R&D Laboratory, skill gap analysis for human capital in petrochemicals sector, providing indigenous technology, etc.
10. Rakesh Sharma reappointed as MD & CEO of IDBI Bank
- Rakesh Sharma has been re-appointed as the Managing Director and Chief
Executive Officer of IDBI Bank. - His appointment has been approved by Reserve Bank of India (RBI).
- He has been appointed for a period of 3 years with effect from March 19, 2022.
- He was appointed as the MD & CEO of IDBI Bank for the first time in October 2018.
- Prior to this, he was working with Canara Bank as MD & CEO.
Foot Notes:
About IDBI Bank:
Headquarters: Mumbai
CEO: Rakesh Sharma
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