Tuesday 21 January 2020

ONE LINER OF THE DAY 21st JAN 2020


1.The Appointments Committee of the Cabinet (ACC) appointed Sanjiv Chadha as the managing director and chief executive of Bank of Baroda, Lingam Venkat Prabhakar as MD & CEO of Canara Bank and Atanu Kumar Das as MD & CEO of Bank of India.Bank of Baroda has merged with Dena Bank and Vijaya Bank.

2.According to the latest India Primary Consumer Sentiment Index (PCSI), as measured by Thomson Reuters, in partnership with Ipsos ,Consumer sentiment has nosedived by 7.3 percentage points in January 2020.Since 2010, it's a monthly national survey of consumer attitudes.

3.Zomato has acquired Uber Eats, the food delivery business of ride-hailing giant Uber India for around Rs 2,485 crore ($350 million) in an all-stock deal. UberEats witnesses $2 per order as compared to $3-4 per order for Swiggy and Zomato.Zomato founder Deepinder Goyal.

4.International Monetary Fund (IMF) has lowered India's growth forecast for 2019 to 4.8 per cent from 6.1 per cent it projected in October on the back of sharp decline in consumer demand, stress in the NBFC sector and sluggish credit growth.Kristalina Georgieva,MD and Chairman of IMF.

5.Bharti Airtel & Google Cloud announced a partnership offer G Suite to small and medium sized businesses (SMBs) in India as part of its integrated information and communication technology portfolio. Airtel serves over 2,500 large businesses.Gopal Vittal, MD & CEO (India and South Asia), Bharti Airtel.

6.The Reserve Bank of India has taken a step in improving transparency of its business at the board meetings by releasing the minutes of the meeting, for the first time.The minutes disclosed that the 579th central board meeting held in October 11.RBI Governor- Shaktikanta Das.

7.Former finance minister Elyes Fakhfakh was named prime minister-designate by Tunisia’s president. Fakhfakh, 47, was named minister of tourism in 2011 before serving as minister of finance from December 2012 until January 2014.

8.Deepika Padukone, who has been an advocate of mental health awareness and has been extensively working towards de-stigmatising mental illness, was rewarded for her work at World Economic Forum's Crystal Award ceremony, held in Davos.World Economic Forum founder -Klaus Schwab.

9.The Appointments Committee of the Cabinet has approved the appointed Challa Sreenivasulu Setty as the managing director of the State Bank of India for a period of three years.He is currently serving as the deputy managing director of the SBI.State Bank of India 's head Rajnish Kumar.

10.As per the latest data by Futures Industry Association (FIA) ,The National Stock Exchange of India (NSE) has become the world’s largest exchange by trading volumes, outpacing US-based CME group, the world’s largest derivatives market place.NSE notched up 6 billion contracts traded volume in 2019.

11.As per the State-wise horticulture production data released by the Agriculture Ministry, West Bengal has produced 29.55 million tonnes of vegetables previous year as compared to 27.70 mt in the year before. WB accounted for 15.9% of total production.Andhra Pradesh continues to hold on the top position in fruits.

12.UM for Law & Justice, Communications & Electronics & Information Technology, Ravi Shankar Prasad inaugurated the 2nd edition of ‘NIC TechConclave 2020’, a 2-day event organized by the National Informatics Centre (NIC), at Pravasi Bhartiya Kendra, New Delhi.This year’s theme is ‘Technologies for NextGen Governance’.



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