Sanjay Malhotra Appointed as 26th RBI Governor
Sanjay Malhotra, a seasoned bureaucrat and the Revenue Secretary, was appointed as the 26th Governor of the Reserve Bank of India (RBI). A 1990-batch IAS officer from the Rajasthan cadre, Malhotra brings a wealth of experience and expertise to his new role. Known for his visionary leadership and deep understanding of financial systems, Malhotra’s appointment is expected to further strengthen the RBI’s role in shaping India’s monetary policy and financial stability.
Bangladesh U-19 Secures Asia Cup Title with Dominant Win Over India
Bangladesh U-19 emerged victorious in the Asia Cup final, defeating India by a convincing 59-run margin. Despite a strong start from India’s bowlers, Bangladesh set a formidable target of 198 runs.
The standout performance came from Bangladesh’s bowling attack, particularly Iqbal Hossain Emon, who claimed three pivotal wickets. India’s batting lineup struggled against the disciplined bowling and were bowled out for 139 runs in 35.2 overs. This victory marks a successful defense of their title and a testament to their growing prowess in youth cricket.
Hindustan Shipyard Limited Shines at 3rd PSU Transformation Awards 2024
Hindustan Shipyard Limited (HSL), a leader in India’s shipbuilding and ship repair industry, garnered two prestigious accolades at the 3rd PSU Transformation Awards 2024. Held at Shangri-La, New Delhi, this event celebrated HSL’s commitment to innovation and excellence in the maritime sector.
The shipyard received the Innovative Product Development Award for its pioneering fender arrangement in Tugs for Submarines, and the Technology Adoption Award for its groundbreaking method of installing Retractable Thrusters in Diving Support Vessels. These awards highlight HSL’s dedication to integrating cutting-edge technologies and fostering innovation to address the complex needs of the maritime industry.
Burkina Faso Junta Appoints Rimtalba Jean Emmanuel Ouedraogo as Prime Minister
Burkina Faso’s ruling military junta announced a significant political shift by appointing Rimtalba Jean Emmanuel Ouedraogo as the new prime minister. This decision, made by junta leader Captain Ibrahim Traore, came just a day after the government was dissolved without explanation.
Ouedraogo, who previously served as the communications minister and government spokesperson, is a close ally of Traore and has held various key positions, including editor-in-chief and director of the state television network. His appointment marks a new chapter in Burkina Faso’s ongoing political landscape, which has been marked by instability and security challenges.
Amit Shah Unveils Majestic Statue of Sardar Patel in Jodhpur
Union Home Minister and Minister of Cooperation, Shri Amit Shah, unveiled a striking 11-ft tall statue of Sardar Vallabhbhai Patel in Jodhpur, Rajasthan. The unveiling ceremony, held outside the Circuit House, was attended by Union Minister Shri Gajendra Singh Shekhawat and other dignitaries.
In his speech, Amit Shah highlighted Sardar Patel’s crucial role in the unification of over 556 princely states, forming the foundation of modern India. He emphasized that Patel’s legacy of unity and strength continues to inspire the nation. The statue, constructed from multiple metals and mounted on an 8-foot-high pedestal, serves as a lasting tribute to Patel’s enduring contributions to India’s integrity and unity.
India’s Billionaire Boom: 2024 Sees Surge Amid Global Trends
In 2024, India witnessed a remarkable increase in its billionaire count, soaring to 185 from 153 in 2023, marking a significant 20% rise. This surge has placed India third globally in terms of the number of billionaires, following the United States and China. The growth is attributed to India’s robust economic momentum and the rise of new-age sectors like technology, e-commerce, and green energy.
Conversely, China experienced a decline in its billionaire count, dropping from 520 in 2023 to 427 in 2024, reflecting the impact of its economic slowdown. Despite this decline, China still holds the second position globally.
The shifting economic landscapes in these two countries highlight contrasting trends in wealth creation and economic health. The surge in India’s billionaire count underscores its economic resilience and growth potential.
John Mahama’s Historic Return as Ghana’s President
Ghana’s former president, John Dramani Mahama, made a historic return to power after defeating the ruling New Patriotic Party (NPP) in the presidential election. This victory marks Mahama’s third term as president, having previously served from 2012 to 2017.
Mahama’s return to office comes amid widespread dissatisfaction with the NPP’s handling of the economy, which has faced significant challenges, including high inflation and a debt crisis. His campaign focused on promises to mend the economy, renegotiate terms of a $3 billion International Monetary Fund bailout, and introduce reforms to boost business and infrastructure.