New DIPP Secretary is
Amitabh Kant
Managing Director and CEO of Delhi Mumbai Industrial Policy
and Promotion is Amitabh Kant. He will take charge as Secretary to DIPP
(Department of Industrial Policy and Promotion). He is 1980 batch Kerala Cadre
IAS.
IRDA Ordered CBI for
alleged fraud in 4 Government Schemes for ICICI Lombard:
IRDA Ordered CBI for alleged fraud in 4 Government Schemes.
All the schemes were sponsored by ICICI. Schemes were meant for Poor. Those
schemes were Rashtriya Swasthya Bima Yojana, Panjikrut Kishan Durghatana Bima
Yojana, Shetkari Apghati Durghatana Bima Yojana, weaterh insurance scheme,
Rajiv Gandhi Shilpi Swasthya Bima Yojana.
Pollution Premium to
the workers in China by Panasonic:
Pollution premium will be given to the workers who were
working in China by theJapanese electronics firm Panasonic. Company had
announced this premium as per the company pay negotiations. It is the first
company to pay more for the China’s air quality problems.
SBI to appeal against
IRDA to refund Rs.275.29 crores:
SBI to appeal against IRDA to refund Rs.275.29 crores to the
policy holders of LPPT (Dhanaraksha plus Limited Premium Paying Term). For the
violation of norms by mis-selling the policy and payment of higher commission
to the agents, SBI was charged by IRDA on 12th March 2014. SBI asked to refund
the amount within 6 months.
New Director
Commercial of NALCO is Soma Mondal:
New Director Commercial of NALCO (Navratna PSU National
Aluminium Company Limited) is Soma Mondal. Earlier he acted as Executive
Director Marketing at NALCO’s Corporate Office.
New CEO of IDBI
Federal Life Insurance is Vighnesh Shahane:
New CEO and Whole Time Director of IDBI Federal Life
Insurance is Vighnesh Shahane. Additional Charge of CEO was undertaken by RK
Bansal, Executive Director.
New CMD of Allahabad
Bank is Rakesh Sethi:
New CMD of Allahabad Bank is Rakesh Sethi. Earlier he acted
as executive director atPunjab National Bank.
7th Edition Indian
Premier League First Matches will be held at UAE:
7th Edition Indian Premier League First Matches will be held
at UAE as stated by BCCI (Board of Control for Cricket in India). From 16th
Aril 2014 matches will start. These matches will come to an end on 1st June
2014.
Executive Pay in
China is twice to the Executive Pay in India: Survey:
Tower Watson Company made a survey regarding the executive
pay. This is the Professional Survey company. Survey had stated that Executive
Pay in China is twice to the Executive Pay in India. In the Asia pacific
region, there is a widening disparity in pay across job levels particularly
between middle level management and CEO. Survey also stated that Value of Rupee
against dollar in 2013 contributed to reduce labour costs in India.
11 billion Euro
package of loan to Ukraine announced by European commission:
11 billion Euro package of loan to Ukraine announced by
European commission. Aim to provide this loan is to put the shattered economy
of Ukraine back on its feet. On 13th March 2014, this loan matter will be
discussed by the European Union leaders at a summit which will be held in
Brussels. After the discussion deal will be signed by International Monetary
Fund and Ukraine.
5 Day Indian Aviation
Day Started:
5 Day Indian Aviation Day Started in Hyderabad. This Show
was inaugurated by Ajit Singh Union Aviation Minister. Show was welcomed by
Airbus 380 and The Big Bird
Among Most powerful
American CEO’s under age 40, Two Indian’s were named: In the Forbes Magazine List, Among Most powerful American
CEO’s under age 40, Two Indian’s were named. This list was topped by Google CEO
and Co-Founder Larry Page. Hari K Ravichandran stood at 19th position. He is
Endurance International Group CEO. Ashish Pandey stood at 20th place. He is
Asset Management Firm Altisource Asset Management CEO.