Current Affairs search results for tag: person-in-news

1. Union government names Revenue Secretary Sanjay Malhotra as RBI Governor.

Tags: Person in news

Union government names Revenue Secretary Sanjay Malhotra as RBI Governor.

Why in the news?

• Revenue Secretary Sanjay Malhotra has been appointed as the new RBI Governor replacing Shaktikant Daswhose tenure ends on December 10, 2024.

About Sanjay Malhotra:

• Sanjay Malhotra will be the 26th Governor of the Reserve Bank of India.
• A 1990-batch officer of the Indian Administrative Service of the Rajasthan cadre, Mr. Malhotra is acomputer science engineering graduatefrom the Indian Institute of Technology, Kanpur, and has a Master’s degree in Public Policy from Princeton University, U.S.A.
•  He will take charge of the country’s monetary policy framework and banking regulation at Mint Street on December 11.

About RBI:

• The Reserve Bank of India (RBI) is the central bank of India whose primary function is to manage and govern the financial system of the country.
• The Reserve Bank of India (RBI) was established based on the recommendations of theRoyal Commission on Indian Currency and Finance, also known as the Hilton-Young Commission.
• The RBI was established in1934 by the Reserve Bank of India Act and began operations on April 1, 1935,and has beenlocated in Mumbai.
• The RBI is controlled by the Government of India and comes under the Ministry of Finance. 
• The RBI Governor is appointed by the Central government.
• The RBI's Monetary Policy Committee (MPC) is led by the RBI Governor.
•  The MPC is made up ofsix members: three officials of the RBI and three external members nominated by the government of India. 

Function of RBI:

• The central bank regulates the issue and supply of the Indian rupee. 
• It also looks after the central government’s money.
• The central bank plays the role of the bankers’ bank and regulates the banking sector.
• It also plays an important role in India’s development story by supporting the government in its developmental projects and policies.

2. WTO General Council reappoints Ngozi Okonjo-Iweala as Director-General

Tags: Person in news

WTO General Council reappoints Ngozi Okonjo-Iweala as Director-General 

Why in the news?

• The General Council of the World Trade Organization (WTO) agreed on 29 November by consensus to reappoint Dr. Ngozi Okonjo-Iweala as Director-General for a second four-year term, set to begin on 1 September 2025.

About Dr. Ngozi Okonjo-Iweala:

• Dr. Ngozi Okonjo-Iwealafirst assumed office as Director-General on 1 March 2021, becoming the first woman and first African to lead the WTO. 
• Her first term concludes on 31 August 2025. 
• Her reappointment highlights the strong support for her efforts to enhance the WTO’s relevance and capacity in addressing the evolving challenges of global trade.

About WTO:

• The World Trade Organization (WTO) is the only global organization that regulates trade rules between its member nations.
•  The WTO officially commenced on January 1, 1995, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. 
•  The WTO has over 160 members representing 98% of world trade. 
• The WTO's top decision-making body is the Ministerial Conference, which usually takes place every two years. 
•  The WTO's primary purpose is to open trade for the benefit of all
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3. K. Sanjay Murthy to be next Comptroller and Auditor General of India

Tags: Person in news

K. Sanjay Murthy to be next Comptroller and Auditor General of India

Why in news?

• President Droupadi Murmu on Monday (November 18, 2024) appointed 1989 batch Indian Administrative Service (IAS) officer K. Sanjay Murthy as the new Comptroller and Auditor.
• Murthy, a 1989 batch IAS officer of the Himachal Pradesh cadre, will succeed Girish Chandra Murmu

About Comptroller and Auditor General of India (CAG):

• The Comptroller and Auditor General of India is the supreme audit institution of India,established under Article 148 of the Constitution of India.
• The Comptroller and Auditor General (CAG) of India is the country's auditor, responsible for auditing the government's programs and activities. 
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4. 555th birth anniversary of Guru Nanak Dev Ji

Tags: Person in news

555th birth anniversary of Guru Nanak Dev Ji

Why in news?

• Recently Berwick Springs Lake, located in Narre Warren, Australia has been renamed Guru Nanak Lake, in honour of Guru Nanak Dev Ji, founder of the Sikh faith.

Guru Nanak Jayanti:

• Guru Nanak Jayanti, or Gurpurab as it is also known, is the birth anniversary of the founder of Sikhism, Guru Nanak Dev Ji.
•  In 2024, it will be celebrated onNovember 15 to commemorate the 555th birthday of Guru Nanak, who was born in 1469 C.E. in what is now Nankana Sahib, Pakistan.

Importance of the Guru Nanak Jayanti:

•  This day is of extreme importance for Sikhs and is celebrated through several rituals and collective activities that reflect the core of Guru Nanak's teachings.
• This day highlights his teachings of equality, selfless service, devotion to God, and universal love.
• Celebrations include processions, prayers, and community meals (Langar), emphasizing his values of justice and compassion.
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5. Justice Sanjiv Khanna takes over as 51st Chief Justice of India

Tags: Person in news

Justice Sanjiv Khanna takes over as 51st Chief Justice of India

Why in news?

• President Droupadi Murmu administered the oath of office of the Chief Justice of India (CJI) to Supreme Court judge Justice Sanjiv Khanna on Monday  (November 11, 2024).
• Justice Sanjiv Khanna succeeds Justice D.Y. Chandrachud,who retired on Sunday (Nov. 10), and his term will last until May 13, 2025.

Career:

• Educated in law at Delhi University's Campus Law Centre, Justice Khanna began his legal career with the Delhi Bar Council in 1983.
•  His distinguished roles included senior standing counsel for the Income Tax Department, standing counsel for Delhi, and executive chairman of the National Legal Services Authority (NALSA)

Landmark judgments:

• Justice Khanna has been part of several landmark judgments, including upholding the sanctity of Electronic Voting Machines (EVMs), declaring Electoral Bonds scheme unconstitutional.
• He was also part of a bench that upheld the abrogation ofArticle 370 in Jammu and Kashmir and granted interim bail to former Delhi chief minister Arvind Kejriwal.

                   

6. Harsha Vardhan Agarwal has been elected as the Ficci president for 2024-25

Tags: Person in news

FICCI  new president 

Why in news?

• Emami Limited Vice Chairman and Managing Director Harsha Vardhan Agarwal has been elected as the Ficci president for 2024-25, the industry body said on Friday. 
•  He will succeed Anish Shah as President of the apex business chamber .
• Harsha Vardhan Agarwal is President-elect FICCI, will take up role on Nov 21.

About FICCI:

• Established in 1927, on the advice of Mahatma Gandhi  by Indian businessman G.D. Birla  and.Purshottam Thakurdas.
• It is the largest, one of the oldest and the apex business organizations in India. It is a non-government, not-for-profit organization. 
• FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs.
• The chamber has an indirect membership of over 250,000 companies from various regional chambers of commerce.It is involved in sector-specific business building, business promotion and networking.
• Currently, it is headquartered in the national capital New Delhi and has a presence in 12 states in India and 8 countries around the world.
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7. Susie Wiles, will be the first woman to hold the position of White House Chief Of Staff in US history.

Tags: Person in news

Susie Wiles-White House Chief Of Staff  

Why in news?

•  US President-elect Donald Trump on Thursday announced that his campaign manager,Susie Wiles, will be his White House chief of staff. 
• Susie Wiles, will be the first woman to hold the position of White House Chief Of Staff in US history.
• She will replace  the current chief of staff Jeff Zients  who held the post in the administration of Joe Biden. 

 Function of white house chief staff:

• The chief of staff is the most senior political appointeein the White House. 
• The Office of the Chief of Staff is responsible for directing, managing and overseeing all policy development, daily operations, and staff activities for the President. 
• This office coordinates and communicates with all departments and agencies of the Administration.
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8. Former U.S. President and Republican party nominee won a second term in office on November 6, 2024

Tags: Person in news

 Donald Trump

Why in news:?

• Former U.S. President and Republican party nominee won  a second term in office on November 6, 2024, defeating Vice-President Kamala Harris, the Democratic nominee.

Important Point:

• Donald Trump will be the 47th President of the United States.He was also 45th President of United state America.
• Trump is the second president in U.S. history to serve non-consecutive terms since 1897

Possible implications on global trade and peace:

• Trump will potentially be one of the more powerful US presidents in recent memory with the ability to deliver on his ambitious but contested agenda. 
• This includes radical measures on trade, such as his declared intent to put a 60 per cent tariff on all imports from China and an across-the-board 10-20 per cent tariff on imports from other countries. 
• Trump has pledged to pursue peace in the Middle East amid ongoing conflicts involving Israel, Hamas, Hezbollah, and Iran, though specifics on his approach remain unclear.

Possible implication on India:

• Higher tariffs on Indian exports, restrictions on visas, rising inflation in the US impacting forex markets, rupee depreciation likely as Donald Trump makes a comeback.
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9. Prime Minister condoles the demise of renowned folk singer Sharda Sinha

Tags: Person in news

Sharda Sinha

Why in news?

• Prime Minister condoles the demise of renowned folk singer Sharda Sinha on 6th November,2024.

Who was Sharda Sinha?

• Sharda Sinha is one of themost prominent musicians from Bihar.She has sung extensively inMaithili, Bhojpuri, and Magahi languages. 
• Her songs for theChhath festivalare all-time favourites, and until recently, the singer would perform repeatedly at Chhath events.
• She is also known for her songs in Hindi films like Maine Pyar Kiya, and Hum Aapke Hain Kaun. In Anurag Kashyap's cult film, Gangs of Wasseypur, she sang 'Taar Bijli', a track which became immensely popular. 

Awards:

• She is a recipient of Padma Bhushan, India's third-highest civilian honour in 2018. 
• In 1991, she was also awarded the Padma Shri, the fourth highest civilian honour and the Sangeet Natak Akad

10. Lok Sabha Speaker Shri Om Birla paid floral tributes to Deshbandhu Chittaranjan Das at his portrait in the Central Hall of Samvidhan Sadan on his Birth Anniversary

Tags: Person in news

DESHBANDHU CHITTARANJAN DAS

Why in news?

• Lok Sabha Speaker Shri Om Birla paid floral tributes to Deshbandhu Chittaranjan Das at his portrait in the Central Hall of Samvidhan Sadan on his Birth Anniversary, on 05 November 2024.
• A booklet containing the profile of Deshbandhu Chittaranjan Das, brought out in Hindi and English by the Lok Sabha Secretariat, was presented to the dignitaries who attended the function.

Who was Chittaranjan Das?

• Chittaranjan Das born Nov. 5, 1870, Calcutta (now Kolkata) India and died June 16, 1925, in Darjeeling .
• He was an Indian politician, leader of the Indian National Congress and founder of the Swaraj (Independence) Party in Bengal under  British rule.
• The people of  India honored him with the titleDeshbandhu (“Friend of the Country”).
• After graduating from Presidency College, Calcutta (now Kolkata) in 1890, Das traveled to England to appear for the Indian Civil Service (ICS) examination but, failing to qualify, chose to enter the legal profession. 

His contribution in Indian freedom movement:

• He defended many accused of political offenses and took an active part in nationalistic journalism.
• Bitterly opposing British rule in India and rejecting all ideas of political or economic development of India along Western lines, he idealized the life of the ancient Indian village and saw a golden age in ancient Indian history. 
• He supported the noncooperation movements launched against British rule by Mahatma Gandhi and in 1921 was imprisoned for six months as a political offender. 
• In 1922 he became president of the Indian National Congress. Under his leadership the Congress abandoned its intentions to boycott colonially sponsored elections for provincial councils. 
• The swaraj party was formed by Chittaranjan Das and  Motilal Nehru and other members of the Indian National Congress on 1 January 1923.
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