October 2021 | Page 37 of 90

Former I&B and Higher Education Secretary Amit Khare Appointed Advisor to PM Modi

Former information & broadcasting and higher education secretary Amit Khare has been appointed as the new adviser to Prime Minister Narendra Modi on October 12, 2021. Khare has been appointed on a contractual basis for two years. He is a 1985-batch IAS officer from Bihar- Jharkhand cadre. He has been appointed for a period of […]

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ADB Raises 2019–2030 Climate Financing Goal to $100 Billion

The Asian Development Bank (ADB) has announced it is elevating its ambition to deliver climate financing to its developing member countries (DMCs) to $100 billion from 2019–2030. Earlier in 2018, ADB had announced an $80 billion goal for climate financing for developing countries in Asia during 2019-2030. The additional $20 billion in financing support will

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IMF Projects Indian Economy to grow at 9.5% in FY22; Global economy at 5.9% in 2021

The International Monetary Fund (IMF) has estimated the Indian economy to grow by 9.5% in the current fiscal year, i.e 2021-22 (FY22), and the multilateral organization in its latest World Economic Outlook report released on October 12, 2021, has projected India’s economy to grow 8.5% in FY23. Meanwhile, IMF expects the global gross domestic product (GDP) to grow by 5.9 percent in 2021 and 4.9% in 2022.

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India approves USD 200 million Line of Credit to support development projects in Kyrgyzstan

India has approved to provide a $200 million Line of Credit support for development projects in Kyrgyzstan, as External Affairs Minister S Jaishankar held “cordial and constructive” talks with his Kyrgyz counterpart Ruslan Kazakbaev on a wide range of bilateral and global issues, including Afghanistan. The two nations also signed an MoU on High Impact Community Development

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PM Modi inaugurates Rs 100 lakh crore PM Gati Shakti-National Master Plan for multi-modal connectivity

Prime Minister Narendra Modi launched the highly-spoken of PM Gati Shakti National Master Plan for multi-modal connectivity at Pragati Maidan in the national capital on October 13, 2021. The Rs 100 lakh crore PM Gati Shakti-National Master Plan aims to provide multi-modal connectivity that aims to develop infrastructure to reduce logistic costs and boost the economy. Highlighting

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Centre accords “Maharatna” status to state-owned PFC Ltd.

Govt. of India has accorded ‘Maharatna’ status to the state-owned Power Finance Corporation Ltd (PFC) on October 12, 2021, thus giving PFC greater operational and financial autonomy. In order to this effect was issued by the Department of Public Enterprises, under the Ministry of Finance. PFC was incorporated in 1986, as an Indian financial institution under the ownership of the Ministry of

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EESL appoints Arun Kumar Mishra as CEO

Energy Efficiency Services Ltd (EESL), a joint venture of NTPC Ltd and Power Grid Corp. of India Ltd, has appointed Arun Kumar Mishra as chief executive officer (CEO) on deputation. He will be responsible for EESL’s operations across the nation. Mishra in the statement said, “It is an honour to be a part of the

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Dr. Randeep Guleria bags 22nd Lal Bahadur Shastri National Award

AIIMS Delhi Director Dr. Randeep Guleria was honoured with the 22nd Lal Bahadur Shastri National Award for Excellence for his pioneer and sustained contribution in the field of medicine and pandemic awareness. Anil Shastri, Chairman, Lal Bahadur Shastri Institute of Management, Praveen Gupta, Director, Lal Bahadur Shastri Institute of Management, and others were present on the occasion.

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IEA invites India to become a full-time member

The International Energy Agency (IEA) has invited India, the world’s third-largest energy consumer, to become its full-time member. This membership invitation was given in the light that, India is the world’s third-largest energy consumer. If this proposal is accepted, it will require India to increase its strategic oil reserve to 90 days requirement. India’s current

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Alexander Schellenberg appointed Austria’s new Chancellor

Alexander Schellenberg was elected Austrian Chancellor after Sebastian Kurz. Sebastian Kurz resigned for his involvement in a corruption scandal. Michael Linhardt, a former ambassador to France joined Schellenberg in the role of foreign minister. This helped end the crisis within the Austrian government, the Austrian People’s Party, and the Green Party Coalition, which was triggered

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