Chairperson of NaBFID
⇒ India’s Finance Ministry announced that veteran banker K V Kamath has been appointed as chairperson of the newly-constituted National Bank for Financing Infrastructure and Development (NaBFID), a newly set up DFI in India.
» In March this year, the Parliament had cleared the bill for setting up the Rs 20,000 crore National Bank for Financing Infrastructure and Development.
- The purpose of the institution is to support the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing.
» Kamath was the first chief of the New Development Bank (NDB) set up by the BRICS groups of emerging market economies.
Chairperson of NCLAT and President of NCLT
⇒ The government has appointed Justice Ashok Bhushan, a former judge of the Supreme Court, as chairperson of the National Company Law Appellate Tribunal (NCLAT).
The Appointments Committee of the Cabinet has approved the proposal for appointment of Justice Ashok Bhushan as Chairperson, NCLAT for a period of 4 years from the date of assumption of charge of the post, or till he attains the age of 70 years, or until further orders, whichever is the earliest.
Additionally, Former chief justice of Manipur High Court, Justice Ramalingam Sudhakar was appointed the president of the National Company Law Tribunal (NCLT).
The NCLAT has been constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of the National Company Law Tribunal (NCLT).
It has two benches – one principal bench at New Delhi and the other in Chennai.
Reappointment of Shaktikanta Das as Reserve Bank of India Governor
⇒ The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi has approved the reappointment of Shaktikanta Das as Reserve Bank of India Governor for three years beyond 10 December 2021 or until further orders, whichever is earlier.
Shaktikanta Das was appointed as the central bank’s governor in December 2018. Das is a1980-batch Indian Administrative Services (IAS) officer of the Tamil Nadu cadre.
State Energy Efficiency Index 2020
⇒ The State Energy Efficiency Index (SEEI) 2020 has been released by the Ministry of Power.
The State Energy Efficiency Index 2020 has been jointly developed by the Bureau of Energy Efficiency (BEE) and Alliance for an Energy Efficient Economy (AEEE).
State Energy Efficiency Index 2020
Green Grids Initiative One Sun One World One Grid
⇒ Prime Minister Narendra Modi and British Prime Minister Boris Johnson launched the Green Grids Initiative One Sun One World One Grid (GGI-OSOWOG) on 02 November 2021 at the World Leaders’ Summit at COP26 in Glasgow.
The project is the brainchild of the International Solar Alliance (ISA), presided by India, supported by the UK’s COP26 core team.
The new Global Green Grids Initiative One Sun One World One Grid is an evolution of ISA’s OSOWOG multilateral drive to foster interconnected solar energy infrastructure at a global scale.
The Green Grids Initiative aims to start with a coalition of the willing, such as two countries that would mutually benefit from the transfer of solar electricity and in time, lower costs of solar around the world.
Facebook Inc rebrands Itself
⇒ Facebook Inc has been rebranded as Meta. The change brought together its different apps and technologies under one new brand. The company did not change its corporate structure.
WTT Contender Tunis 2021
⇒ WTT (World Table Tennis) Contender Tunis 2021 was held from October 27 to October 30 2021.
The Indian table tennis duo of G Sathiyan and Harmeet Desai notched up their first international pro tour title with a dominating 3-1 win over Emmanual Lebesson and Alexandre Cassin in the men’s double summit clash at the WTT Contender Tunis.
Sathiyan and Desai beat the French duo 11-9 4-11 11-9 11-6.
World Polio Day 2021
⇒ World Polio Day is observed every year on 24 October.
World Polio Day was initiated by Rotary International over a decade ago to commemorate the birth of Jonas Salk, who developed a vaccine against poliomyelitis.
The theme of World Polio Day 2021 was ‘Delivering on a Promise’.
Global Polio Eradication Initiative:
Use of inactivated poliovirus vaccine and live oral poliovirus vaccine led to the establishment of the Global Polio Eradication Initiative in 1988.
That is a public-private partnership includes Rotary, the World Health Organisation, the U.S. Centres for Disease Control and Prevention, UNICEF, the Bill & Melinda Gates Foundation, and governments of the countries.
Poliomyelitis (polio) is a highly infectious viral disease, which mainly affects young children (under five years of age).
The virus is transmitted by person-to-person spread mainly through the faecal-oral route or, less frequently, by a common vehicle (eg. contaminated water or food) and multiplies in the intestine, from where it can enter the nervous system and can cause paralysis.