Current Affairs 25 September 2022

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Current Affairs 25 September 2022 includes all newspapers such as The Hindu, The Economic Times, Business Standard, Times of India, PTI, Indian Express, and all Government official websites.

 News Headlines 

1. Dr M Srinivas appointed as new director of AIIMS New Delhi
2. Rajiv Bahl appointed as new DG of ICMR, will replace Balram Bhargava
3. Britannia Industries elevates Varun Berry as Executive VC & MD, appoints Rajneet Kohli as CEO
4. Former India hockey captain Dilip Tirkey unanimously elected as president
5. India hosts 10th IBSA meet on sidelines of UNGA for multilateral issues
6. REC accorded with ‘Maharatna’ company status
7. Vice President Jagdeep Dhankhar inaugurates 3rd edition of Lok Manthan programme in Guwahati
8. Gates Foundation honours four leaders with 2022 Goalkeepers Global Awards for their inspiring efforts to drive progress for all
9. RBI directs Mahindra Finance to stop outsourcing its recovery activity through agents
10. RBI cancels licence of Laxmi Co-operative Bank, depositors can claim up to Rs 5 lakh
11. India bags UN award for its initiative to control, prevent hypertension under National Health Mission
12. Navy buys ‘enhanced range’ BrahMos missiles for Rs 1,700 crore
13. UCO Bank becomes first lender to get RBI’s approval for rupee trade
14. Gujarat gets over Rs 2.8K-crore loan from World Bank for health care
15. REITs, InvITs with net worth of Rs 100 cr or higher can issue CPs

 News Details 

1. Dr M Srinivas appointed as new director of AIIMS New Delhi

• The Appointment Committee of the Cabinet headed by Prime Minister Narendra Modi appointed Dr M Srinivas as the new director of the prestigious All India Institute Of Medical Sciences (AIIMS).
• The tenure of the outgoing AIIMS director Dr Randeep Guleria came to an end.
• Dr Guleria joined as the Director on March 28, 2017.

2. Rajiv Bahl appointed as new DG of ICMR, will replace Balram Bhargava

• The Central government appointed Dr Rajiv Bahl currently posted in WHO as a Director General of Indian Council of Medical Research (ICMR) cum – Secretary Department of Health Research (DHR) for a period of 3 years.
• ICMR, New Delhi, the apex body in India for the formulation, coordination and promotion of biomedical research.
• ICMR has 27 institutes located in different parts of India.

3. Britannia Industries elevates Varun Berry as Executive VC & MD, appoints Rajneet Kohli as CEO

• Britannia Industries, maker of the popular Good Day and Tiger biscuits, has appointed Rajneet Kohli as its Executive Director & Chief Executive Officer.
• The company also announced that it has elevated Varun Berry to Executive Vice-Chairman and Managing Director.
• Kohli will take over as the position w.e.f 26th September, 2022 and will report to Varun Berry.
• About Britannia:
  • Headquarters: Bengaluru.

4. Former India hockey captain Dilip Tirkey unanimously elected as president

• Dilip Tirkey, a former India hockey captain and member of the gold medal-winning team at the 1998 Asian Games, was unanimously elected as Hockey India (HI) president today.
• First time in history, a former sportsperson and an Olympian has gone on to head the national body.
• He represented India at the Olympic Games in Atlanta in 1996, Sydney in 2000, and Athens in 2004.
• More about Hockey India:
  • Headquarters: New Delhi.
  • CEO: Elena Norman.
  • Men’s coach: Graham Reid.

5. India hosts 10th IBSA meet on sidelines of UNGA for multilateral issues

• India hosted the 10th Ministerial Commission of Foreign Ministers of the IBSA, on the sidelines of the 77th United Nations General Assembly.
• The IBSA is a trilateral, developmental initiative between India, Brazil and South Africa to promote South-South cooperation and exchange.

6. REC accorded with ‘Maharatna’ company status

• REC has been accorded with the status of a ‘Maharatna’ Central Public Sector Enterprise, thus giving REC greater operational and financial autonomy.
• An order to this effect was issued yesterday by the Department of Public Enterprises, under the Ministry of Finance.
• About REC:
  • Full form = Rural Electrification Corporation.
  • Incorporated in 1969, REC is an NBFC focusing on Power Sector Financing and Development across India.
  • Chairman and MD: Vivek Kumar Dewangan.
• NBFC = Non-Banking Financial Company.

7. Vice President Jagdeep Dhankhar inaugurates 3rd edition of Lok Manthan programme in Guwahati

• Vice President Jagdeep Dhankhar inaugurated the third edition of the Lok Manthan programme.
• Lokmanthan is an august occasion where artists, intellectuals, and academicians drawn from different parts of the country converge and brainstorm on the questions that haunt the society.
• The theme of this year’s biennale is Lok Parampara (Lok traditions).

8. Gates Foundation honours four leaders with 2022 Goalkeepers Global Awards for their inspiring efforts to drive progress for all

• India’s Radhika Batra, Zahra Joya of Afghanistan, Vanessa Nakate of Uganda and EU chief Ursula von der Leyen have been honoured by the Bill and Melinda Gates Foundation for their extraordinary work towards achieving the United Nations’ Sustainable Development Goals (SDGs).
• About gates Foundation:
  • The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation.
  • It is an American private foundation.
  • It was founded by Bill Gates and Melinda French Gates.
  • The primary stated goals of the foundation are to enhance healthcare and reduce extreme poverty across the world, and to expand educational opportunities and access to information technology in the U.S.

9. RBI directs Mahindra Finance to stop outsourcing its recovery activity through agents

• The Reserve Bank of India (RBI) barred Mahindra & Mahindra Financial Services from carrying out recovery or repossession activity through third-party until further notice.
• However, the company is allowed to carry out the activity through its own employees.
• RBI’s ban comes after certain material supervisory concerns observed in the company.
• About Mahindra Group
  • CEO and MD: Anish Shah.
  • Chairman: Anand Mahindra.
• About Mahindra Finance:
  • Headquarters: Mumbai.
  • Ramesh Iyer: Vice Chairman & President.

10. RBI cancels licence of Laxmi Co-operative Bank, depositors can claim up to Rs 5 lakh

• The Reserve Bank of India (RBI) terminated the licence of Maharashtra based Laxmi Co-operative Bank, citing inadequate capital and earning prospects.
• On liquidation, every depositor will be entitled to a deposit insurance claim amount of up to a monetary ceiling of Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC), RBI said.
• About DICGC:
  • Deposit Insurance and Credit Guarantee Corporation is a specialised division of Reserve Bank of India.
  • It is under the jurisdiction of the Ministry of Finance, Government of India.

11. India bags UN award for its initiative to control, prevent hypertension under National Health Mission

• In a significant achievement and recognition of the country’s efforts against hypertension, India has won a UN award for its initiative to control and prevent hypertension under the government’s National Health Mission.
• The India Hypertension Control Initiative which is a large-scale hypertension intervention under National Health Mission, has been recognized for the award.

12. Navy buys ‘enhanced range’ BrahMos missiles for Rs 1,700 crore

• Providing impetus to “Aatmanirbharta” (self-reliance) in defence production, the Ministry of Defence (MoD) signed a contract with the Indo-Russian joint venture (JV) – BrahMos Aerospace Private Limited (BAPL) – for buying the latest version of the BrahMos missile for its newest warships.

13. UCO Bank becomes first lender to get RBI’s approval for rupee trade

• Public sector lender UCO Bank has received the Reserve Bank of India’s (RBI’s) approval to open a special vostro account with Gazprombank of Russia for trade settlement in Indian rupees.
• The Kolkata-based lender is the first bank to receive regulator’s approval following the RBI’s decision to allow Indian banks to settle trade in Indian currency.
• UCO Bank MD & CEO: Soma Sankara Prasad.

14. Gujarat gets over Rs 2.8K-crore loan from World Bank for health care

• The World Bank has approved a USD 350 million (over Rs 2,832 crore) loan to Gujarat for spending towards public healthcare services, focussed specially on adolescent girls and disease surveillance.
• The loan will be utilised through the state government’s Systems Reform Endeavours For Transformed Health Achievement In Gujarat (SRESTHA-G) Programme.
• About Gujarat:
  • Governor: Acharya Devvrat.
  • Capital: Gandhinagar.
  • Chief minister: Bhupendrabhai Patel.

15. REITs, InvITs with net worth of Rs 100 cr or higher can issue CPs

• The capital markets regulator SEBI approved the issuance of commercial papers by emerging investment vehicles, Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT).
• Reserve Bank’s directions on Commercial Paper said that InvITs and REITs with a net worth of at least Rs 100 crore are eligible to issue commercial paper.
• What is Commercial Paper or CP?
  • It is a short-term debt instrument issued by companies to raise funds for a time period up to one year.
  • It is an unsecured money market instrument issued in the form of a promissory note and was introduced in India for the first time in 1990.
  • It can be issued in denominations of Rs. 5 lakh or multiples thereof.

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So, these are all the current affairs 25 September (today). If you want to explore the full list (all CA), including current affairs 25 September, please click on the link (Current Affairs).