Palestinian PM Resigns Citing 'New Reality' of Gaza War
Palestinian Prime Minister Mohammad Shtayyeh announced the resignation of his government, which rules parts of the occupied West Bank, citing the need for change after the Israel-Hamas war in Gaza ends.
Shtayyeh submitted the resignation to the leader of the Ramallah-based Palestinian Authority, President Mahmud Abbas.
The United States and other powers called for a reformed Palestinian Authority to take charge of all Palestinian territories after the end of the war sparked by Hamas's October 7 attack.
WTO Adopts New Plurilateral Agreement on Domestic Services Regulation
The World Trade Organisation (WTO) adopted an agreement on domestic services regulation that aims to lower trade costs to the tune of about $150 billion per year.
The services domestic regulation agreement entered into force at the 13th Ministerial Conference in Abu Dhabi.
As many as 72 countries, including major economies such as the United States (US), Canada, Japan, China, United Kingdom, and Switzerland are part of the plurilateral agreement. These countries represent more than 90 per cent of global services trade.
India, however, is not a part of the agreement and has been opposing the plurilateral pact.
India, in principle, has been against plurilateral pacts on platforms such as the WTO as it believes that it may dilute its multilateral trade framework.
Till now, countries such as India, and South Africa have been questioning the legality of the plurilateral agreements at the WTO on services regulation, investment facilitation, and e-commerce.
Jana Small Finance Bank Gets RBI Nod to Re-appoint Ajay Kanwal as MD & CEO
Jana Small Finance Bank got approval from the Reserve Bank of India to re-appoint Ajay Kanwal as its Managing Director and Chief Executive Officer for three years from March 21, 2024. His tenure will be till March 20, 2027.
Janalakshmi Financial Services became Jana Small Finance Bank in March 2018. Kanwal has more than 33 years of experience in financial services and has held various leadership positions in his banking career. He has launched several strategic growth initiatives while building and managing diverse teams across geographies.
He was a senior adviser to private equity firm TPG Capital and global payments company Mastercard.
Sunil Chemmankotil Quits as Teamlease Digital CEO; Neeti Sharma Appointed New Chief
Staffing firm Teamlease Digital's Chief Executive Officer (CEO) Sunil Chemmankotil resigned from his post. The staffing firm appointed Neeti Sharma as the new CEO of the company, with effect from March 26.
TeamLease Digital is a subsidiary of TeamLease Services Limited, which offers technology staffing services in information technology, telecom, engineering, ed-tech, health-tech and gaming industries.
PayU Payments Appoints former HDFC Chief Renu Sud Karnad as New Chairperson
Prosus-owned PayU Payments appointed five members to its board of directors. These include former Managing Director (MD) of Housing Development Finance Corporation Ltd (HDFC) Renu Sud Karnad and former global Chief Executive Officer of PayU Group Laurent Le Moal.
Karnad, who was appointed as chairperson of the board, was joined by two independent directors - Gopika Pant, managing partner at Indian Law Partners, and Jairaj Purandare, founder and chairman of JMP Advisors Pvt Ltd.
Former global CEO of PayU Group, Laurent Le Moal, and Jan Bune, former partner at Deloitte Netherlands were appointed as the non-executive directors.
India's Reusable Launch Vehicle (RLV) was named Pushpak, a glimpse of the new livery was released during Prime Minister Narendra Modi's visit to the Vikram Sarabhai Space Centre.
Prime Minister Modi reviewed the progress of the vehicle, which is a key component of India's space exploration endeavours.
The reusable launch vehicle promises to revolutionise this domain by slashing launch costs by nearly 80%, thereby making space exploration more accessible and sustainable.
The Pushpak RLV is designed as an all-rocket, fully reusable single-stage-to-orbit (SSTO) vehicle, incorporating several major elements such as the X-33 advanced technology demonstrator, the X-34 test bed technology demonstrator, and the upgraded DC-XA flight demonstrator.
Hockey India's long-serving CEO Elena Norman resigned, ending not just a 13-year-old association with the federation but also marking the end of an era in the administration of the sport.
Australian Elena took charge in 2011, soon after Hockey India was formally recognised as the sport's governing body after years of administrative muddle and legal wrangling ever since the erstwhile Indian Hockey Federation was suspended. She became one of the first CEOs in Indian sports federations and was running the affairs of Hockey India.
Namibia's Jan Nicol Loftie-Eaton Scores Fastest T20I Hundred off 33 Balls
Namibia's Jan Nicol Loftie-Eaton scripted history by scoring the fastest century in T20 International (T20I) history during a bilateral match against Nepal. Achieving this monumental feat off just 33 balls, Loftie-Eaton shattered the previous record held by Nepal's Kushal Malla, who had set the benchmark at 34 balls against Mongolia during the Asian Games in 2023.
CAA Likely to be Issued before Model Code of Conduct for Lok Sabha Polls
As per reports, the rules for the implementation of the contentious Citizenship Amendment Act, 2019 (CAA) for fast-tracking citizenship to undocumented non-Muslim migrants from Pakistan, Bangladesh and Afghanistan are likely to be issued before the Model Code of Conduct for the 2024 Lok Sabha elections comes into effect.
The Model Code of Conduct (MCC) gets enforced immediately after the election schedule is announced.
The Model Code of Conduct is a set of guidelines issued by the Election Commission of India for the conduct of political parties and candidates during elections mainly with respect to speeches, meetings, processions, polling day, polling booths, observers, party in power, election manifestos, and general conduct.
Government Launches 'Mera Pehla Vote Desh Ke Liye' Campaign in Higher Educational Institutions
The government has announced the initiation of the 'Mera Pehla Vote Desh Ke Liye' campaign in higher educational institutions nationwide. This campaign aims to foster active participation among the youth in the electoral process, emphasising the significance of voting for the betterment of the nation.
The initiative signifies the paramount importance of elections and the pride associated with voting in the world's largest democracy.
By encouraging young voters to participate, the campaign aims to instill a sense of responsibility and ownership in shaping the nation's future.
PM Modi Lays Foundation Stone for Sikkim's First Railway Station at Rangpo
Prime Minister Narendra Modi ceremonially laid the foundation stone for Sikkim's inaugural railway station in Rangpo, marking a significant moment in the state's history. The design of the Rangpo railway station will draw inspiration from the rich culture, heritage and architecture of Sikkim. Sikkim Governor Lakshman Prasad Acharya was present at Khanikola in Rangpo where a function was held.
The Rangpo railway station is part of a larger initiative to enhance rail infrastructure nationwide. With over 2,000 projects valued at approximately Rs 41,000 crore, this ambitious endeavour aims to revolutionise transportation networks, fostering connectivity and economic development.
Shafiqur Rahman Barq, India's Oldest MP and Samajwadi Party Leader, Dies
India's oldest MP in Parliament, senior Samajwadi Party leader, and MP from Uttar Pradesh's Sambhal, Shafiqur Rahman Barq, died.
Born on July 11, 1930, Shafiqur Rehman Barq began his political career with former Prime Minister Chaudhary Charan Singh. He also served as the coordinator of the Babri Masjid Action Committee and was known for amplifying the voice of the Muslim community across the country.
He also worked closely with Samajwadi Party founder Mulayam Singh Yadav at the time of the party's formation.
Barq, who has been a four-time MLA, was elected MP from Sambhal for the fifth time in 2019. Barq won the Muradabad Lok Sabha seat three times (1996, 1998, and 2004) and the Sambhal Lok Sabha seat twice (2009 and 2019) from SP.
National Science Day is celebrated to commemorate the discovery of the Raman Effect. National Science Day is observed on February 28 every year across the country to mark and celebrate the contributions of scientists towards the development of India.
On February 28, 1928, C. V. Raman announced the discovery of the Raman Effect and for it, he was awarded the Nobel Prize in 1930.
The theme for this year's National Science Day celebration is 'Indigenous Technologies for Viksit Bharat'.
Odisha CM Naveen Patnaik Launches Mission Shakti Loan Scheme
Ahead of the upcoming general elections for Lok Sabha and Odisha assembly, Chief Minister Naveen Patnaik launched under the Mission Shakti loan scheme for interest-free loans of up to Rs. 10 lakh for members of self-help groups (SHGs).
Patnaik, launched the scheme while inaugurating a Mission Shakti Bazaar, and said that interest-free loans would encourage entrepreneurship among women, advancing the Mission Shakti movement in the state.
Over 1,000 Start-ups, Investors, Incubators to Participate in 'Start-up Mahakumbh'
Over 1,000 start-ups, along with numerous investors and incubators, are set to convene at Bharat Mandapam, New Delhi from March 18 for the 'Start-up Mahakumbh,' a three-day event led by ASSOCHAM, NASSCOM, Bootstrap Incubation & Advisory Foundation, TiE and Indian Venture and Alternate Capital Association (IVCA) and supported by Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Small Industries Development Bank of India (SIDBI), Government-e-Marketplace (GeM), Export Credit Guarantee Corporation of India (ECGC) and Zomato. This event aims to be one of the largest gatherings of start-ups, unicorns, investors, and industry stakeholders, providing a platform for brainstorming on sector-related issues.
The 'Start-up Mahakumbh' will feature various activities such as mentoring sessions, master classes, keynote addresses, and Unicorn roundtables, fostering an exchange of ideas to strengthen India's start-up ecosystem.
IIT-Delhi to Set up Centre of Excellence on Applied AI for Sustainable Systems
IIT Delhi signed a Memorandum of Understanding (MOU) with R. Systems International Limited, an IT service management company, to setup a Centre of Excellence (CoE) on Applied AI for Sustainable Systems.
This new centre will be set up on the Indian Institute of Technology, Delhi campus, and will include a cutting-edge research lab, the creation of an endowed faculty chair position, and the initiation of merit-based student scholarships.
For this partnership, the R. Systems CoE will serve as an R&D hub, bringing together R. System researchers with faculty members and students to address at-scale real-world problems. The work produced by this CoE would enhance the research and development capabilities of both R. Systems and IIT Delhi.
Odisha CM Launches Scholarship Scheme for UG, PG Students
Odisha Chief Minister Naveen Patnaik launched a scholarship scheme for undergraduate and postgraduate students. The 'Nutana Unnata Abhilasha Odisha' scheme aims to empower the state's youth and help them to carry forward their studies.
The scholarship amount for General and OBC students is Rs. 9,000 and Rs. 10,000, respectively, whereas for SC/ST and 'Nirman Shramik' students, it is Rs. 10,000 and Rs. 11,000, respectively.
Tripura CM Inaugurates Jagannath Dighi Waterfront Development Project in Udaipur
The Tripura Chief Minister Manik Saha, marked a pivotal moment in the state's development with the inauguration of the Jagannath Dighi Waterfront Development Project in Udaipur. This significant endeavour reflects the government's commitment to enhancing infrastructure and promoting tourism in the region.
The project aims to rejuvenate the water body and its surroundings, fulfilling the aspirations of the local community and bolstering the area's appeal to tourists.
Former Supreme Court Judge Justice A. M. Khanwilkar Appointed Lokpal Chairperson
President of India Draupadi Murmu appointed former Supreme Court judge Justice A. M. Khanwilkar as the new Lokpal chairperson as well as six other members to the anti-corruption body.
The judicial members appointed are as follows: Justice Lingappa Narayana Swamy, Justice Sanjay Yadav and Justice Ritu Raj Awasthi.
The other members are Sushil Chandra, Pankaj Kumar and Ajay Tirkey.
The decision to appoint Justice Khanwilkar as the new Lokpal of India was made following a meeting by a high-level committee consisting of Prime Minister Narendra Modi, Chief Justice of India DY Chandrachud and Congress leader Adhir Ranjan Chowdhury.
Khanwilkar served as CJ of the Himachal Pradesh HC and Madhya Pradesh HC, before being elevated to the SC.
The Lokpal was established under the Lokpal and Lokayuktas Act 2013. The Lokpal is tasked with inquiring and investigating allegations of corruption against public functionaries falling within the scope and ambit of the Lokpal Act.