Current Affairs Today: 24 October 2017

IPPB appoints Suresh Sethi as its MD & CEO

India Post Payments Bank (IPPB) has appointed Mr. Suresh Sethi, the former MD of Vodafone M-Pesa Ltd. as its Managing Director & Chief Executive Officer. Mr. Sethi had been selected by the Banks Board Bureau from amongst top contenders for the post, from both public and private sector Banking and Fintech professionals. Mr. Sethi has broad international experience of over 27 years in the Banking and Financial Services industry with Citigroup, YES Bank and Vodafone M-Pesa across India, Kenya, UK, Argentina and US. He has extensively worked in the Financial Inclusion space leveraging Fintech and digital led innovation.

His experience in the Digital & Mobile Payments space will be of great relevance to IPPB which aims to deliver financial inclusion with special focus in rural and semi-urban India and among the under-banked segments. Mr. Sethi takes over from the dynamic leadership of Mr. A.P. Singh who had been the interim MD & CEO of IPPB since January 2017.

IPPB has been incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity. IPPB plans to leverage the unparalleled reach of the India Post network to achieve a Pan India roll out of 650 branches by early next year.

 

Centre appoints Shri Dineshwar Sharma as its Representative in J&K

In a major development, the Centre appointed Shri Dineshwar Sharma, former Director of Intelligence Bureau, as the Representative of Government of India to initiate and carry forward a dialogue with the elected representatives, various organizations and concerned individuals in the State of Jammu and Kashmir.

Shri Sharma will initiate a sustained interaction and dialogue to understand the legitimate aspirations of the wide cross sections of society, particularly the youth in Jammu and Kashmir and communicate them to the State Government and the Centre.

Shri Dineshwar Sharma is a Retired IPS officer from 1979 Batch of Kerala Cadre. During his distinguished career, he has served in J&K, Kerala, Uttar Pradesh, Nagaland and Manipur and as Additional Director and Special Director in the Intelligence Bureau in the Headquarters. He has in-depth understanding of security related matters and considerable knowledge and experience of issues relating to Jammu and Kashmir.

 

Amjyot Singh becomes third Indian in NBA

The 6-foot-9-inch Chandigarh hoopster Amjyot Singh became the third Indian – after Satnam Singh and Palpreet Singh Brar – to walk into the National Basketball Association (NBA) league.

Amjyot made it to the NBA’s minor league – the G-League. The Indian skipper was picked by Oklahoma City Blue. The OKC Blue is NBA development league affiliate of the Oklahoma City Thunder, an American professional basketball team.

 

Shri Ngangom Sarat Singh appointed as member of the Joint Electricity Regulatory Commission (JERC) for Manipur and Mizoram

Union Minister of State (IC) for Power and New & Renewable Energy, Shri R.K. Singh administered oath of office and secrecy to Shri Ngangom Sarat Singh, on his appointment as member of the Joint Electricity Regulatory Commission (JERC) for Manipur and Mizoram. The JERC is a two-member Commission, each member representing the respective participating State.

Shri Ngangom Sarat Singh has been appointed as the member from the Manipur side for a period of 5 years, with effect from the date of his taking charge of the post or till he attains the age of 65 years, whichever is the earliest.

Shri Ngangom Sarat Singh holds B.Sc. degree in Electrical Engineering and has retired from the post of Superintending Engineer (Electrical) in the Electricity Department of Government of Manipur.

 

BHEL starts execution of 4,000 megawatt Yadadri plant in Telangana

State-run power equipment maker BHEL announced that it has commenced execution of Rs 20,400-crore Yadadri supercritical thermal power project ordered by the Telangana State Power Generation Corporation.

The project, valued at approximately Rs 20,400 crore, is the single largest order for the company so far and is also the highest value order ever placed in the power sector in India.

The project is located at Damaracherla in Nalgonda district of Telangana. The Yadadri project will be executed on fast track basis by the company in line with its strategy of focusing on revival of held up projects and their speedy execution. TSGENCO has earlier awarded contracts for 800 MW Kothagudem and 1,080 MW Bhadradri power projects to BHEL, which are under advanced stages of execution.

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