Current Affairs 26 February 2022

Dear aspirants, to crack any type of competitive examination current affairs plays a significant role and for that we are providing daily important news that are most important for your examination. So we are here for you to provide the important Recent and Latest Current Affairs 26 February 2022.

Current Affairs 26 February 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. RBI cancels registration certificate of P C Financial Services operating ‘Cashbean’ app
2. Commission approves proposed combination involving acquisition of stake in ISMT Limited by Kirloskar Ferrous Industries Limited
3. National Strategy on Additive Manufacturing announced
4. HUL separates position of the Board Chairman and CEO & MD; Nitin Paranjpe appointed non-executive chairman
5. IKEA India appoints Susanne Pulverer as its first woman CEO, CSO
6. Standard Chartered, IATA tie up forh payment platform for airline industry
7. IDBI Bank board approves appointment of TN Manoharan as additional director
8. Digital India CEO Abhishek Singh named National e-Governance Division chief
9. Defence ministry teams up with CSC e-Governance to onboard pension services under SPARSH across India
10. WEF and NIUA launch ‘Sustainable Cities India’ program to help cities meet Net Zero goals
11. Dignity in a Digital Age | Book by Ro Khann
12. Centre constitutes National Dam Safety Authority for dam-related safety, disasters, resolve inter-state issues
13. Edelweiss Asset Management launches eInvest mobile app
14. SIDBI launches ‘waste to wealth creation’ programme in Bengal

1. RBI cancels registration certificate of P C Financial Services operating ‘Cashbean’ app

• Reserve Bank of India has cancelled the Certificate of Registration of PC Financial Services Pvt Ltd, Delhi for violation of RBI directions on outsourcing and Know Your Customer norms.
• PC Financial Services Private Limited, New Delhi was primarily engaged in mobile app-based lending operations through an app called `Cashbean`.

2. Commission approves proposed combination involving acquisition of stake in ISMT Limited by Kirloskar Ferrous Industries Limited

• The Competition Commission of India (CCI) approved proposed combination involving acquisition of stake in ISMT Limited by Kirloskar Ferrous Industries Limited.
• Kirloskar Ferrous Industries Limited (Acquirer) is a listed public company limited by shares and is a flagship company of Kirloskar Group.
• ISMT Limited (Target) is a listed public company limited by shares.

3. National Strategy on Additive Manufacturing announced

• Catering to the next-generation digital manufacturing & aiming to mitigate immediate disabilities of local industries, Ashwini Vaishnaw, Union Minister of Electronics & Information Technology, Communications & Railways & Rajeev Chandrasekhar, Minister of State for Electronics & IT& Skill Development & Entrepreneurship announced “National Strategy on Additive Manufacturing”.

4. HUL separates position of the Board Chairman and CEO & MD; Nitin Paranjpe appointed non-executive chairman

• Hindustan Unilever announced the appointment of Nitin Paranjpe as the non-executive chairman and non-executive director of the company, effective from March 31, 2022.
• Sanjiv Mehta, the CEO, and MD of the company will continue in his current role.
• The company also announced the re-appointment of Dev Bajpai as a whole-time director for a period of five years.

5. IKEA India appoints Susanne Pulverer as its first woman CEO, CSO

• Swedish home furnishings retailer IKEA (part of Ingka Group) announced the appointment of Susanne Pulverer as its new and first woman Chief Executive Officer and Chief Sustainability Officer, for its India business.
• Prior to her role as IKEA India CEO and CSO, Pulverer held the position of Group Business Risk and Compliance Manager at the Ingka group.

6. Standard Chartered, IATA tie up forh payment platform for airline industry

• Global banking group Standard Chartered has partnered with the International Air Transport Association to launch a payment platform for the airline industry in India.
• In addition to existing payment options such as credit cards, IATA Pay will be a new payment option that enables participating airlines to offer instant payment options such as UPI Scan & Pay & UPI Collects.

7. IDBI Bank board approves appointment of TN Manoharan as additional director

• IDBI Bank has approved the appointment of T N Manoharan as additional director with immediate effect.
• Manoharan is not related to any other director on the board and the KMP (key management personnel) of the bank, the lender said in a BSE filing.
• He also served as director at the instance of RBI in Sahara India Finance Corporation.

8. Digital India CEO Abhishek Singh named National e-Governance Division chief

• In a top level administrative realignment the Union government has announced to elevate senior IAS officers and Digital India Corporation CEO Abhishek Singh as new National e-Governance Division (NeGD) CEO.
• The 1995-batch IAS officer from Nagaland cadre will hold the position in the rank and pay of Additional Secretary.

9. Defence ministry teams up with CSC e-Governance to onboard pension services under SPARSH across India

• The Defence Accounts Department (DAD) under the of ministry of defence has teamed up with CSC e-Governance Services India Limited, a special purpose vehicle (SPV) under ministry of electronics and information technology, to onboard pension services.
• It is under the System for Pension Administration (Raksha) – SPARSH – initiative across more than four lakh Common Service Centres.

10. WEF and NIUA launch ‘Sustainable Cities India’ program to help cities meet Net Zero goals

• The World Economic Forum (WEF) and the National Institute of Urban Affairs (NIUA) has signed a memorandum of understanding (MoU) to collaborate on a jointly designed ‘Sustainable Cities India’ program which will aim to create an enabling environment for cities to generate decarbonization solutions across the energy, transport, and the built environment sectors.

11. Dignity in a Digital Age | Book by Ro Khann

• A book on the digital age by Indian American Congressman Ro Khanna, that seeks to democratize the digital revolution in the larger good of humanity and the planet, has been getting rave reviews and accolades from politicians and global economists.
• In his foreword, Nobel Laureate Amartya Sen writes that ‘Dignity in a Digital Age: Making Tech Work for All of Us’.

12. Centre constitutes National Dam Safety Authority for dam-related safety, disasters, resolve inter-state issues

• The National Dam Safety Authority, which seeks to maintain standards related to dam safety, prevent dam-related disasters & resolve inter-state issues in this regard, has come into force from 25 Feb.
• Authority will be headed by a chairman and assisted by 5 members to lead its 5 wings- policy & research, technical, regulation, disaster & resilience, administration & finance.

13. Edelweiss Asset Management launches eInvest mobile app

• Edelweiss Asset Management has announced the launch of eInvest a mutual fund mobile app for investors for a smooth investing experience.
• EInvest is an easy-to-use app that will help investors perform all financial transactions on the go.
• This app will bring a transformational change in the way mutual fund investors manage their day-to-day operations.

14. SIDBI launches ‘waste to wealth creation’ programme in Bengal

• SIDBI has launched the ‘Waste to Wealth Creation’ programme in which women will make ornaments and showpieces from fish scale in the Sundarbans in West Bengal’s South 24 Parganas district.
• Under this programme, SIDBI will extend benefits to 50 women in directly generating revenues from alternate livelihoods.
• SIDBI = Small Industries Development Bank of India.

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