1.Indian-origin Arvind Krishna has been appointed as the new CEO of American IT giant IBM, succeeding Ginni Rometty. The 57-year-old Arvind will take over on April 6. Rometty had been IBM's Chairman, President and CEO, will retire after almost 40 years.Krishna joined IBM at the end of 1990.
2.Industry body FICCI said its Economic Outlook Survey has projected the country's annual median GDP growth for 2019-20 at 5%, in line with the forecasts made by NSO. Survey has put the growth forecast for agriculture & allied activities at 2.6% for 2019-20.Industry & services sector forecasts are at 3.5% & 7.2%.
3.Assam has emerged as the top state in terms of best practices followed in budget formulation, followed by Odisha and Andhra Pradesh, says a survey by Transparency International. The states which figured lower in the ranking were Goa, Maharashtra & Punjab.The survey was based on four parameters.
4.Kotak Mahindra Bank said the RBI accepted promoters' voting rights to be capped at 20% till March. The RBI's licensing rules mandate a private bank's promoter to pare holding to 40% within 3 years, 20 percent in 10 years and 15 percent within 15 years.Voting rights in the bank will be capped to 15% from April 1.
5.Wipro Ltd said its Chief Executive Officer and Managing Director Abidali Z Neemuchwala has decided to step down due to family commitments. Abid helped to build a strong execution mindset, drove key acquisitions and scaled the Digital business globally.Wipro is headquartered in Bangalore.
6.As a part of improving service levels & operating efficiency, Indian Railways is executing Automatic Identification and Data Collection of Rolling Stock (RFID Project). It aims to automatically & accurately track rolling stock as they move in the country.RFID tags can be used in all locations in the country.
7.Government has restored 2% additional duty incentive on mobile phones export with a view to boost shipments of the product, announced commerce ministry. The duty benefit under the Merchandise Export from India Scheme (MEIS) is effective from January 1.Benefit will be there till March 31, 2020.
8.OPPO, the global smartphone brand, and IIT-Hyderabad have joined hands to take up joint R & D projects in advanced and emerging technologies. The areas identified are battery, camera & image processing, networks (5G), system performance & AI among others.They signed the partnership for two years.
9.TERI’s World Sustainable Development Summit 2020 on ‘Energy Future Road Map’ held in New Delhi. Started in 2001, the Summit has become a focal point for leaders and stakeholders across the world to bridge thought and action for sustainable development.The WSDS is the annual flagship event of TERI.
10.Union Human Resource Development Minister Ramesh Pokhriyal ‘Nishank’ chaired the meeting of the Indian National Commission for Cooperation with UNESCO (INCCU) in New Delhi. The membership of National Commission consists of members of 5 Sub Commissions.Reconstituted National Commission has met for the first time.
11.The Secretary, Department of Science & Technology, Ashutosh Sharma inaugurated the Phase-II of the Digital Gandhi Gyan Vigyan Exhibition on Martyr's Day. The Exhibition showcased Augmented Reality & Virtual Reality events related to the life of Gandhi.It is in alliance with M/s Vizara Technologies Pvt. Ltd, Delhi.
12.Telangana has emerged as the best performing state in promoting inclusive and sustainable economic growth and decent work for all on Sustainable Development Goals (SDG) India Index 2019, according to United Nations Development Programme (UNDP) India.It has improved its performance over 2018 in 8 out of 17 SDGs..
13.Chandauli district in Uttar Pradesh has topped the list of aspirational districts ranked by the government think tank Niti Aayog in December. Belangir (Odisha) and YSR (Andhra Pradesh) have been placed at the second and third positions, respectively..Sahibganj (Jharkhand) has been ranked at the fourth spot.
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