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By admin: May 27, 2024

Appointment of Pradeep Kumar Sinha as Non-Executive Part-time Chairman of ICICI Bank Limited

Tags: Economy/Finance Person in news

Pradeep Kumar Sinha appointed to succeed Girish Chandra Chaturvedi as the Non-Executive Part-time Chairman of ICICI Bank Limited upon Chaturvedi's retirement on June 30, 2024.

An Overview of the News

• Sinha to assume the position from July 1, 2024, following Reserve Bank of India (RBI) approval, for a term of three years.

• Sinha approved as an Additional Independent Director by ICICI Bank's Board of Directors for a five-year term (2024 to 2029) during the meeting held from February 15-17, 2024.

Background of Pradeep Kumar Sinha

• Sinha, a 1977 batch Indian Administrative Service (IAS) officer from Uttar Pradesh (UP) Cadre, brings extensive administrative experience to the role.

• Held Government Nominee Director positions in major public Sector Undertakings (PSUs) including ONGC, IOCL, HPCL, BPCL, and GAIL.

• Served as India's Cabinet Secretary from 2015 to 2019, demonstrating leadership at the highest levels of government.

• From 2019 to 2021, Sinha served as a Principal Advisor to Prime Minister Narendra Modi, contributing to strategic decision-making.

• Additionally, Sinha served as an Additional Independent Director in Bharti Airtel Limited from 2022 to May 14, 2024, bringing corporate governance insights to his roles.

About ICICI Bank Limited

• Established:- 1994

• MD & CEO:- Sandeep Bakhshi

• Headquarters:- Mumbai, Maharashtra

• Tagline:- Hum Hai Na, Khayal Apka

Uttar Pradesh teenager Aarti wins Amal Clooney Women Empowerment Award in London

Tags: Awards

Arti, an 18-year-old rickshaw driver hailing from Uttar Pradesh (UP), has been honored with the prestigious Amal Clooney Women's Empowerment Award at the Prince's Trust Awards in London, UK.

An Overview of the News

• Her recognition comes as a result of her impactful contribution to the Indian government's Pink E-rickshaw initiative, inspiring numerous young girls through her involvement.

• After Receiving Award, Arti Meets King Charles III at Buckingham Palace in London. 

• The Women's Empowerment Award is named after the distinguished English Barrister Amal Clooney.

Pink E-Rickshaw Initiative Launch and Objective:

• The Pink E-Rickshaw Initiative was introduced under the Mission Shakti scheme by the Indian government.

• Its primary goal is to empower women and enhance their access to income-generating avenues across India.

Subsidized Pink E-Rickshaws:

• As part of the initiative, pink e-rickshaws were made available to female drivers with subsidies.

• This measure aimed to facilitate women's entry into the transportation sector while reducing financial barriers.

Empowerment and Accessibility:

• The initiative seeks to enhance the empowerment of women by providing them with employment opportunities.

• By offering safe transportation options, it enhances the accessibility of income-generating activities for women in various regions.

Additional Information:- Aarti was first introduced in the Pink e-Rickshaw program in July 2023 by the Government of India through Project Lehar, a collaboration between Prince's Trust International and the Aga Khan Foundation (AKF).

Dipa Karmakar Clinches India’s First-Ever Gold Medal In Women’s Vault At Asian Championships

Tags: Sports

Dipa Karmakar secured India's inaugural gold medal in the women's Vault event at the Asian Championships held in Tashkent, Uzbekistan.

An Overview of the News

• The victory marks a significant milestone in Indian gymnastics history, as it is the first gold medal won by an Indian gymnast in any event at the Asian Championships.

Record-breaking Performance:

• With an average score of 13.566, the 30-year-old Olympian demonstrated exceptional skill and precision in the women's Vault final.

• North Korean gymnasts Kim Son Hyang and Jo Kyong Byol claimed the silver and bronze medals, respectively. 

• This triumph adds to Dipa Karmakar's illustrious track record of pioneering feats in Indian gymnastics.

Dipa Karmakar's Leading Career:

• She was the first Indian female gymnast to compete in the Olympics, showcasing her talent at the Rio 2016 Games.

• At Rio, she impressed by securing fourth place in the women's vault, earning global acclaim.

• Prior to her recent triumph, she made history by winning gold at the 2018 FIG World Cup in Mersin, Turkey, marking the first such victory by an Indian gymnast in an international competition.

About Asian Gymnastics Championships

• The Asian Gymnastics Union (AGU) hosts senior editions of the Asian Gymnastics Championships for various disciplines.

• These disciplines include men's and women's artistic gymnastics, rhythmic gymnastics, acrobatic gymnastics, aerobic gymnastics, and trampoline gymnastics.

• Junior Asian Artistic Gymnastics Championships began in 1971, with the senior edition starting in 1996.

• Similarly, Junior Asian Trampoline Championships were held in 2010 and 2012, with the senior edition introduced in 2014 alongside the junior event.

KKR Wins IPL Trophy for Third Time

Tags: Sports

Kolkata Knight Riders (KKR) secured their third Indian Premier League (IPL) title.

An Overview of the News

• They clinched victory with an emphatic eight-wicket win over Sunrisers Hyderabad (SRH) in the final.

• Despite losing the toss, KKR displayed a clinical effort with the ball.

• They restricted SRH to a mere 113 runs, marking the lowest-ever total in an IPL final.

• KKR efficiently chased down the target of 114 runs with 57 balls to spare.

• Venkatesh Iyer led the charge with an unbeaten 52 runs, supported by Rahmanullah Gurbaz's 39 runs.

SRH's Struggle:

• Sunrisers Hyderabad struggled with the bat, being all out for 113 runs in 18.3 overs.

• Skipper Pat Cummins was the highest scorer for SRH with 24 runs.

Key Performers:

• Andre Russell starred for KKR, scalping 3 crucial wickets.

• Mitchell Starc's impactful performance earned him the Player of the Match award.

About IPL :

• Establishment: Founded by BCCI in 2007.

• Teams: Ten franchise teams based on states or cities.

• Timing: Annual event running from March to May.

• Format: Men's Twenty20 cricket league.

• Headquarters - Cricket Centre, Churchgate, Mumbai, Maharashtra

• Most successful Team - Chennai Super Kings; Mumbai Indians; (5 titles each)

Indian Oil Hands Over Green Hydrogen Fuel Cell Bus to Indian Army

Tags: National News

Indian Oil has handed over a green hydrogen fuel cell bus to the Indian Army, marking a significant step towards eco-friendly transportation solutions.

An Overview of the News

• The ceremony took place at the National War Memorial, India Gate, NewDelhiand was attended by Army Chief General Manoj Pandey and Indian Oil Chairman SM Vaidya.

• This initiative promotes hydrogen and fuel cell technology for heavy-duty e-mobility.

• The Indian Army is positioned as a pioneer in evaluating this technology in collaboration with Indian Oil.

• Army Chief General Manoj Pande emphasized the Army's commitment to adopting innovative technologies that enhance operational capabilities and ensure environmental sustainability.

About Indian Oil

• Indian Oil Corporation Limited (IOCL or IOC), doing business as IndianOil, is an Indian oilandgas company.

• It operates under the ownership of the Ministry of Petroleum and Natural Gas, Government of India.

• The company is headquartered in New Delhi.

• It is a public sector undertaking with operations overseen by the Ministry of Petroleum and Natural Gas.

• IndianOil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022.

• It is the largest government-owned oil producer in India, both in terms of capacity and revenue.

• Founded - 30 June 1959