25th April, 2024

1. Tata Power Solar Systems Limited (TPSSL), announced its strategic partnership with Indian Bank, a leading public sector bank in India to bolster the adoption of solar rooftops among residential consumers.
2. The Ministry of Railways is developing the Amrit Yard concept to alleviate congestion in saturated railway yards, which currently hinder train movement despite previous infrastructure expansion efforts.
3. UK Parliament passed the Safety of Rwanda (Asylum and Immigration) Bill which will give Britain’s immigration authorities power to send any asylum seeker entering the UK “illegally” after January 2022 to Rwanda.Indian nationals can now be issued long-term multi-entry
4. Schengen visas valid for two years “after having obtained and lawfully used two visas within the previous three years”, the European Union has announced. The new visa ‘cascade’ regime will provide Indian nationals easier access to visas with multi-year validity for travellers
5. Dr. S. Jaishankar, the External Affairs Minister of India, virtually participated in the inaugural ‘ASEAN Future Forum’ hosted in Hanoi, Vietnam.
6. World Health Organization (WHO) has released the 2nd edition of its global sodium benchmarks for different food categories.
7. The Embassy of Israel in India, in collaboration with Million Miyawaki Foundation, has joined the ‘Million Miyawaki’ project, a community-led initiative aimed at improving air quality in Indian cities through mass afforestation in tight urban spaces.
8. As per Ministry of Commerce, India’s drugs and pharmaceuticals exports recorded a notable 9.67% year-on-year growth, reaching $27.9 billion in the financial year 2023-24, despite a 3% dip in total exports.
9. BharatPe launches BharatPe One, India’s first all-in-one payment device.
10. Macquarie Asset Management launched Vertelo, a new fleet electrification solutions platform focused on accelerating the large-scale adoption of electric vehicles in India.
11. IndusInd Bank announced the successful execution of RBI’s programmable Central Bank Digital Currency (CBDC) pilot, being the first Bank. This pilot project is executed in collaboration with Circularity Innovation Hub India Private Limited (CIH).
12. Razorpay, has taken a significant step by launching its own UPI infrastructure in collaboration with Airtel Payments Bank. This innovative solution, aptly named “UPI Switch,” is designed to enhance the efficiency and reliability of UPI transactions for businesses.
13. AU Small Finance Bank (AU SFB) introduces a suite of financial products to enhance customer satisfaction.
14. In a significant stride towards sustainable development, NABARD unveiled its Climate Strategy 2030 document on the occasion of Earth Day.
15. The Competition Commission of India (CCI) has approved subscription to Compulsory Convertible Debentures (CCDs) of Napino Auto and Electronics Limited (Napino) by International Finance Corporation (IFC).
16. Credit card spends in India witnessed a significant 27% year-on-year increase to approximately ₹18.26 trillion in the financial year 2023-24, up from nearly ₹14 trillion in the previous year, according to RBI data.
17. The Canada Pension Plan Investment Board (CPPIB) sold a 2.8% stake in logistics firm Delhivery for approximately ₹908 crore through an open market transaction.
18. The State of the Climate in Asia 2023 report was released by World Meteorological Organizations (WMO).
19. The International Union for Conservation of Nature (IUCN) has released a new report titled “Towards a Regenerative Blue Economy – Mapping the Blue Economy”.
20. The Agri-Food Trends and Analytics Bulletin (AF-TAB) has been released by the Indian Council for Research on International Economic Relations (ICRIER)
21. The Defence Research and Development Organisation (DRDO) has achieved a significant milestone by developing India’s lightest Bulletproof Jacket capable of providing protection against the 7.62 x 54 R API (Armour Piercing Incendiary) ammunition, which corresponds to the highest threat Level 6 as per the Bureau of Indian Standards (BIS) 17051.
22. The Indian Air Force (IAF) has achieved a successful milestone with the test firing of the Crystal Maze-2 missile, also known as ROCKS, from a Su-30 MKI fighter jet in the Andaman and Nicobar Islands.
23. The Centre for Development of Telematics (C-DOT) and the Indian Institute of Technology (IIT) – Jodhpur, Rajasthan, have entered into an agreement aimed at developing “Automated Service Management in 5G and Beyond Networks Using AI.
24. Air India, and All Nippon Airways (ANA), Japan’s largest carrier, have come together to sign a significant codeshare agreement aimed at enhancing connectivity and travel convenience between India and Japan.
25. The Department of Administrative Reforms and Public Grievances (DARPG) signs MoU with the Ministry of Civil Service, Cambodia on cooperation in the field of Human Resource Development in Civil Service.
26. The Hinduja Group and King’s College, London announced a new pact aimed at improving health care outcomes in India and the UK, through training and research capacity
    building as well as scholarships for Indian students.
27. April 24: World day for Laboratory animals
28. April 24: Administrative Professionals Day
29. April 24: 15th National Panchayati Raj Day
30. Renowned industrialist and philanthropist Ratan Tata, Chairman Emeritus of the Tata Group, was honoured with the prestigious Kalinga Institute of Social Sciences (KISS) Humanitarian Award 2021.
31. Motilal Oswal Group announced a leadership reshuffle in its asset management division, with Prateek Agarwal appointed as the Managing Director and CEO of Motilal Oswal AMC.
32. Lendingkart, a digital lending firm, named Mukund Barsagade as its Group Chief Financial Officer (CFO).

National News

1. Indian Bank Partners with Tata Power Solar for Solar Energy Promotion
   • What: Tata Power Solar Systems Limited (TPSSL), announced its strategic partnership with Indian Bank, a leading public sector bank in India to bolster the adoption of solar rooftops among residential consumers.
   • Why: The collaboration aims to facilitate financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for installations up to 3 KW, as well as extend support for installations ranging from 3 to 10 KW under the regular scheme.
   • Tell me more:
     • For Installations up to 3 Kw
     • Offers loans up to Rs. 2 lakh at 7% annual interest rate.
     • Requires only a nominal 10% margin cash and provides collateral-free financing.
     • Flexible repayment tenure of 10 years.
     • For installations ranging from 3 to 10 KW:
       • Customized financing solution provided by TPSSL and Indian Bank.
       • Loans up to Rs. 6 lakh available with a 20% margin money requirement.
       • Interest rates range from 8.4% to 10.8% per annum.
         Source: Tata Solar

2. Improving Railway Efficiency: The Amrit Yard Concept
   • What: The Ministry of Railways is developing the Amrit Yard concept to alleviate congestion in saturated railway yards, which currently hinder train movement despite previous infrastructure expansion efforts.
     • A rail yard, also known as a railway yard or railroad yard in the United States, is a network of tracks within a rail system. These yards serve various purposes, including storing, sorting, and loading/unloading rail vehicles and locomotives
   • Why: The Amrit Yard concept signifies a proactive approach by the Ministry of Railways to tackle congestion issues and enhance operational efficiency, crucial for the smooth functioning of the railway network.
   • Tell me more:
     • The ministry has formed a committee comprising senior railway board officials and a senior executive from the Centre for Railway Information Systems (CRIS) to execute the Amrit Yard concept.
     • This initiative draws inspiration from the Smart Yards model, aimed at reducing train evacuation time from yards.
     • The committee’s objective is to devise a framework for evaluating yard capacity, considering factors such as traffic volume, delay management, layout, automation, and speeds.
     • A software-based yard mobility module is being designed to simulate movements across various yard designs and consolidate transaction data on a central server.
       Source: Business Standard

International News

1. UK Parliament passed bill to send asylum seekers to Rwanda
   • What: UK Parliament passed the Safety of Rwanda (Asylum and Immigration) Bill which will give Britain’s immigration authorities power to send any asylum seeker entering the UK “illegally” after January 2022 to Rwanda.
     • It will apply to anyone who arrives in UK without prior permission, even if their aim is to claim asylum on legitimate grounds.
       Source: CNN

2. Indians can now get multiple entry Schengen visa as EU eases norms
   • What: Indian nationals can now be issued long-term multi-entry Schengen visas valid for two years “after having obtained and lawfully used two visas within the previous three years”, the European Union has announced. The new visa ‘cascade’ regime will provide Indian nationals easier access to visas with multi-year validity for travellers
   • The Schengen visas allow visitors to travel freely in the Schengen area for short stays of a maximum of 90 days in any 180-day period. The visas do not give the right to work.
     Source: The Hindu

3. 1st Asean Future Forum hosted by Vietnam
   • What: Dr. S. Jaishankar, the External Affairs Minister of India, virtually participated in the inaugural ‘ASEAN Future Forum’ hosted in Hanoi, Vietnam.
   • During this significant event, he delivered remarks that underscored the importance of cooperation and shared values between India and the Association of Southeast Asian Nations (ASEAN).
     Source: Mea.gov

4. WHO has released the 2nd edition of its global sodium benchmarks for different food
   • What: World Health Organization (WHO) has released the 2nd edition of its global sodium benchmarks for different food categories.
     • These benchmarks play a crucial role in reducing sodium intake across populations.
   • Why: These benchmarks facilitate the reformulation of food products, driving progress in sodium reduction efforts globally.
     Source: WHO

5. Israel Embassy Joins ‘Million Miyawaki’ Initiative
   • What: The Embassy of Israel in India, in collaboration with Million Miyawaki Foundation, has joined the ‘Million Miyawaki’ project, a community-led initiative aimed at improving air quality in Indian cities through mass afforestation in tight urban spaces.
   • Why: Under this project, efforts are made at planting a million trees in Delhi-NCR by creating ‘forest-like’ Miyawaki plantations of 600 trees each, with a variety of up to 30 different locally-sourced species.
     Source: Outlook

6. Pharma exports rose 10% to $27.9 billion in FY24
   • What: As per Ministry of Commerce, India’s drugs and pharmaceuticals exports recorded a notable 9.67% year-on-year growth, reaching $27.9 billion in the financial year 2023-24, despite a 3% dip in total exports.
   • Why: The growth in pharma exports, particularly evident in March with a 12.73% increase to $2.8 billion, signifies resilience and strength in the pharmaceutical sector amidst challenging economic conditions.
   • Tell me more:
     • The top five export markets for the sector in the last fiscal year were the US, the UK, the Netherlands, South Africa, and Brazil. The US alone accounts for over 31% of India’s total pharma exports, followed by the UK and Netherlands, each contributing around 3%.
       Source: Business Standard

Banking and Economy

1. BharatPe Introduces BharatPe One: India’s All-in-One Payment Device
   • What: BharatPe launches BharatPe One, India’s first all-in-one payment device.
   • Why: This innovative product is designed to streamline transactions for merchants, offering versatile payment acceptance options including dynamic and static QR code, tap-and-pay and traditional card payment options, across a wide range of debit and credit cards.
   • Tell me more:
     • It integrates POS, QR code, and speaker functionalities.
     • The company plans to launch the product in 100+ cities in the first phase. It will further scale it to 450+ cities over the course of the next 6 months.
       Source: BharatPe

2. Macquarie Launches Vertelo: A USD 1.5 Billion EV Fleet Financing Platform
   • What: Macquarie Asset Management launched Vertelo, a new fleet electrification solutions platform focused on accelerating the large-scale adoption of electric vehicles in India.
   • Tell me more:
     • The new platform has received anchor investment from the Green Climate Fund (GCF).
     • Vertelo plans to mobilise $US1.5 billion in the Indian e-mobility ecosystem over 10 years with the aim to achieve a potential lifetime reduction of ~9.5 MtCOe of greenhouse gas emissions.
     • The new business lends support to India’s ambitious electric vehicles target and aligns well with the Indian Government’s vision for mobility revolving around the 7 Cs – Common, Connected, Convenient, Congestion-free, Charged, Clean, and Cutting-edge.
       Source: Macquarie
3. Razorpay unveils ‘UPI Switch’ in Partnership with Airtel Payments Bank
   • What: Razorpay, has taken a significant step by launching its own UPI infrastructure in collaboration with Airtel Payments Bank. This innovative solution, aptly named “UPI Switch,” is designed to enhance the efficiency and reliability of UPI transactions for businesses.
   • Tell me more:
     • The UPI Switch aims to improve transaction success rates by 4-5%, ensuring smoother and more reliable payment experiences for businesses.
     • The solution is robust enough to handle up to 10,000 transactions per second (TPS) at any given time, making it suitable for high-demand scenarios.
     • UPI Switch will also enable 5X faster access to UPI innovations for businesses.
     • Working of UPI Switch
       • UPI transactions’ success hinges on robust infrastructure, particularly the UPI switch.
       • The UPI switch facilitates communication between banks’ core systems and UPI technology.
       • Powered by Technology Service Providers (TSPs), it processes UPI transactions at scale and fosters innovations.
       • Existing infrastructure lacks customization for businesses and struggles with scalability and performance.
       • Legacy TSPs face compliance challenges, inhibiting innovation and meeting modern business demands.
       • Razorpay’s UPI Switch addresses these issues, providing a holistic infrastructure with advanced features.
       • It excels in dispute resolution, resolving issues 7X faster, within 24 hours than the industry average of 7 days.
       • Moreover, it can process refunds instantly compared to the industry standard of up to 3 days.
         Source: Razorpay

4. IndusInd Bank announces successful execution of RBI’s programmable CBDC pilot
   • What: IndusInd Bank announced the successful execution of RBI’s programmable Central Bank Digital Currency (CBDC) pilot, being the first Bank. This pilot project is executed in collaboration with Circularity Innovation Hub India Private Limited (CIH).
   • Tell me more:
     • Innovative CBDC Pilot:
       • The project focuses on programming end use of funds, disbursed to farmers for carbon credit generation.
       • As part of this pilot, IndusInd Bank initiated the programmable CBDC disbursement to 50 farmers in Ratnagiri district, Maharashtra, and plans to cover 1000 farmers.
       • This collaborative effort aims to promote Circularity Credits by recycling agricultural waste.
       • This project involves crafting digital wallets and managing CBDC transfers by IndusInd Bank.
       • CIH acts as a Sponsor Agency for this project, promoting circular economy models and generating the first-of-its-kind Circularity Credits.
       • Hindustan Agro & Jackfruit King Company spearheads farmer engagement, linking sustainable practices to additional revenue streams.
       • Emertech Innovations develops a Blockchain-backed platform for traceability and transparency in revenue generation and disbursement.
       • Phase 2 of the project will target the Safai Karmacharis to increase income through plastic waste recycling.
       • Safai Karmachari means a person engaged in or employed for any sanitation work.
       • CIH’s ‘Planet and People Platform’ ensures transparency in beneficiary disbursements.
         Source: IndusInd Bank

   
   
5. AU Small Finance Bank Unveils Innovative Financial Products
   • What: AU Small Finance Bank (AU SFB) introduces a suite of financial products to enhance customer satisfaction.
   • New offerings include:
     • Two credit cards (developed in collaboration with NPCI and VISA): AU SPONT Rupay Credit Card and Secured Credit Card – NOMO (No Missing Out).
     • ATM (Automated Teller Machine) Insurance.
     • Also launched AU 0101 Business App and AU 0101 Version 2.0.
       • NOMO Credit Card:
       • Secured credit card backed by a Fixed Deposit (FD), developed in collaboration with VISA.
       • Targets users with limited credit history or income proof, offering rewards like airport lounge access.
       • AU SPONT Rupay Credit Card:
         • Developed with NPCI, facilitates seamless integration with UPI-enabled applications for convenient payments.

       • ATM Insurance:
         • Allows customers to purchase insurance via ATMs using their debit cards.
         • Patented by AU SFB in March 2024, extended to WhatsApp Insurance for instant policy issuance.
       • AU 0101 Business App & AU 0101 Version 2.0:
         • Offers comprehensive banking solutions for proprietorships and MSMEs, including account management, deposits, loans, and credit cards.
           Source: Business Standard
6. NABARD Launches Climate Strategy 2030 on World Earth Day
   • What: In a significant stride towards sustainable development, NABARD unveiled its Climate Strategy 2030 document on the occasion of Earth Day.
   • Why: This comprehensive strategy aims to address India’s escalating need for green financing.
   • Tell me more:
     • Despite the pressing demand, where India requires approximately US$ 170 billion annually to reach a cumulative total of over US$ 2.5 trillion by 2030, current green finance inflows are critically insufficient.
     • As of 2019-20, India garnered about US$ 49 billion in green financing, merely a fraction of what is needed.
     • With the majority of funds earmarked for mitigation, only US$ 5 billion was allocated towards adaptation and resilience, reflecting the minimal private sector engagement in these areas due to challenges in bankability and commercial viability.
     • NABARD’s Climate Strategy 2030 is structured around four key pillars to address this demand: (i) Accelerating Green Lending across sectors, (ii) Playing a broader Market-Making Role (iii) Internal Green Transformation of NABARD, and (iv) Strategic Resource Mobilization.
       Source: NABARD
7. CCI approved subscription to CCD of Napino Auto and Electronics Limited by IFC
   • What: The Competition Commission of India (CCI) has approved subscription to Compulsory Convertible Debentures (CCDs) of Napino Auto and Electronics Limited (Napino) by International Finance Corporation (IFC).
   • About CCD
     • CCDs are debt instruments that are convertible into equity at a specified time or on happening of specified event(s).
     • These are hybrid securities as they initially behave like debt instruments but eventually convert into equity shares.
     • It is often used by companies for raising long-term funds without immediately diluting equity shareholding of existing investors.
       Source: PIB

8. Credit Card Spends Surge 27% to ~₹18.26 Trillion in FY24
   • What: Credit card spends in India witnessed a significant 27% year-on-year increase to approximately ₹18.26 trillion in the financial year 2023-24, up from nearly ₹14 trillion in the previous year, according to RBI data.

• Why: The surge in credit card spending, particularly notable in March 2024 with a nearly 10.07% rise to approximately ₹1.64 trillion, is attributed to both the festival season and the year-end financial activities.

• Tell me more:
• Point of sale transactions reached approximately ₹60,378 crore in March, up from around ₹54,431.48 crore in February, while e-commerce payments rose to approximately ₹1.05 trillion.
• HDFC Bank led in credit card transactions with around ₹43,471.29 crore in March, followed by Axis Bank, ICICI Bank, and SBI Card. The total number of credit cards issued in India rose to 101 million in March 2024, with HDFC Bank holding the highest share at 20.59 million cards. Other major players include SBI Card, ICICI Bank, and Axis Bank.

Source: Business Standard

9. CPPIB Sells Stake in Delhivery
   • What: The Canada Pension Plan Investment Board (CPPIB) sold a 2.8% stake in logistics firm Delhivery for approximately ₹908 crore through an open market transaction.
   • Why: CPPIB’s divestment strategy may be part of portfolio optimization or realignment of investment priorities.
     Source: ZeeBiz

Report and Indices

1. State of the Climate in Asia 2023 – report released by WMO
   • What: The State of the Climate in Asia 2023 report was released by World Meteorological Organizations (WMO).
   • Why: The report sheds light on the region’s climatic conditions and their impact.
   • Tell me more (key takeaways)
     • More than nine million people across Asia were affected by 79 extreme climate disasters reported on the continent in 2023. The disasters killed more than 2,000 people even as the region registered its second-highest mean temperature rise on record.
     • Asia and the Pacific was the most disaster-impacted region last year
     • The report also shows a gap in climate projections and the ability of Asian countries to adapt to and mitigate climate change and its impacts.
     • The year 2023 was the warmest on record, keeping in line with the pattern observed between 2015 and 2023 – the nine warmest years on record.
     • Japan and Kazakhstan recorded highest temperature rise.
     • In 2023, the mean temperature over Asia was 0.91 °C above the 1991–2020 reference period, the second highest on record.
       Source: WMO
2. “Towards a Regenerative Blue Economy – Mapping the Blue Economy” released by IUCN
   • What: The International Union for Conservation of Nature (IUCN) has released a new report titled “Towards a Regenerative Blue Economy – Mapping the Blue Economy”.
     • This report is designed as a global primer and proposes a clear definition and founding principles for a “Regenerative” Blue Economy.
     • Regenerative Blue Economy: It is an economic model that combines effective regeneration and protection of the Ocean and marine and coastal ecosystems with sustainable, low, or no carbon economic activities, and fair prosperity, now and in the future.
   • Why: The report proposes a clear definition and founding principles for a Regenerative Blue Economy (RBE).
     • IUCN has developed a framework defining three types of Blue Economy with RBE at the highest sustainability level.

Defence News

1. DRDO develops the Lightest Bullet Proof Jacket
   • What: The Defence Research and Development Organisation (DRDO) has achieved a significant milestone by developing India’s lightest Bulletproof Jacket capable of providing protection against the 7.62 x 54 R API (Armour Piercing Incendiary) ammunition, which corresponds to the highest threat Level 6 as per the Bureau of Indian Standards (BIS) 17051.
   • Tell me more:
     • The bulletproof jacket was developed by the Defence Materials and Stores Research and Development Establishment (DMSRDE), a DRDO lab located in Kanpur, Uttar Pradesh.
       Source: PIB
2. IAF Successfully Tests Crystal Maze-2 Missile
   • What: The Indian Air Force (IAF) has achieved a successful milestone with the test firing of the Crystal Maze-2 missile, also known as ROCKS, from a Su-30 MKI fighter jet in the Andaman and Nicobar Islands.
   • The Crystal Maze-2 missile is categorized as an air-launched medium-range ballistic missile capable of striking targets at distances of approximately 250 km.
     Source: WION

Memorandum of Understanding

1. Agreement for “Automated Service Management in Network of 5G and Beyond Using AI”
   • What: The Centre for Development of Telematics (C-DOT) and the Indian Institute of Technology (IIT) – Jodhpur, Rajasthan, have entered into an agreement aimed at developing “Automated Service Management in 5G and Beyond Networks Using AI.
   • Why: The collaboration aims to leverage AI technologies to enhance the efficiency and reliability of network operations and management.
   • Tell me more:
     • The agreement falls under the purview of the Telecom Technology Development Fund (TTDF), which operates under the Department of Telecommunications (DOT).
       • The TTDF is designed to provide funding support to domestic companies and institutions engaged in the design, development, and commercialization of telecommunication products and solutions.
         Source: Economic Times

2. Air India and All Nippon Airways (ANA) Forge Codeshare Agreement
   • What: Air India, and All Nippon Airways (ANA), Japan’s largest carrier, have come together to sign a significant codeshare agreement aimed at enhancing connectivity and travel convenience between India and Japan.
     • A codeshare agreement is a collaboration between two airlines (like Air India and All Nippon Airways (ANA) in this case) that allows them to sell seats on each other’s flights under their own flight code.
       • Imagine it as airlines working together to expand their reach without needing more aeroplanes. Passengers benefit from this by having more flight options and potentially easier connections.
   • Tell me more:
     • With the codeshare, effective for travel from May 23, Air India and All Nippon Airways passengers can fly to their desired destination by combining those flights between India and Japan with a single ticket.
     • Air India will append its ‘AI’ designator code to ANA flights operating between Tokyo Haneda in Japan and Delhi, as well as between Tokyo Narita in Japan and Mumbai, Maharashtra.
     • Conversely, ANA will incorporate its ‘NH’ designator code on Air India flights connecting Tokyo Narita and Delhi.
       Source: Live Mint
3. DARPG signs MoU with Ministry of Civil Service, Cambodia
   • What: The Department of Administrative Reforms and Public Grievances (DARPG) signs MoU with the Ministry of Civil Service, Cambodia on cooperation in the field of Human Resource Development in Civil Service.
   • The MoU advances the cordial and friendly ties between India and Cambodia in the field of Human Resource Development in Civil Service over the next 05 years.
     Source: PIB
4. Hinduja Group and King’s College London Partner for Healthcare Advancement
   • What: The Hinduja Group and King’s College, London announced a new pact aimed at improving health care outcomes in India and the UK, through training and research capacity
     building as well as scholarships for Indian students.
   • It will aim at driving forward the development of new technologies to address global health care challenges.
     Source: Economic Times

Important Days

1. April 24: World day for Laboratory animals
   • What: World Day for Laboratory Animals is observed annually on April 24th to raise awareness about the suffering of animals used for testing in laboratories and to promote the adoption of advanced non-animal scientific techniques.
     Source: World Day for Lab Animals. Org

2. April 24: 15th National Panchayati Raj Day
   • What: Every year in April, India celebrates National Panchayati Raj Day to honour the establishment of the Panchayati Raj System, a devolved form of governance in the country, which was introduced in 1993 by the 73rd Constitutional Amendment Act, empowering local bodies, or Gramme Panchayats, to govern themselves and make decisions regarding the development of their respective areas.
   • Why: The celebration of National Panchayati Raj Day highlights the importance of decentralized governance in promoting inclusive and sustainable development.
   • Tell me more:
     • The celebration is hosted by the Ministry of Panchayati Raj.
     • The Ministry of Panchayati Raj will host a national colloquium on ‘Governance at the Grassroots after Three Decades of the 73rd Constitutional Amendment.
       Source: Indian Express
3. April 24: Administrative Professionals Day
   • What: Administrative Professionals Day is celebrated annually on the Wednesday of the last full week of April.
   • In 2024, it falls on April 24th.
   • The day offers a wonderful opportunity to express gratitude and recognize the valuable contributions that secretaries, administrative assistants, and other support professionals make to our economy and workplaces.

Awards

1. Ratan Tata Receives Prestigious KISS Humanitarian Award
   • What: Renowned industrialist and philanthropist Ratan Tata, Chairman Emeritus of the Tata Group, was honoured with the prestigious Kalinga Institute of Social Sciences (KISS) Humanitarian Award 2021.
     Source: KISS

Appointment

1. Leadership Restructuring at Motilal Oswal AMC
   • What: Motilal Oswal Group announced a leadership reshuffle in its asset management division, with Prateek Agarwal appointed as the Managing Director and CEO of Motilal Oswal AMC.
     Source: The Hindu Business Line
2. Lendingkart Appoints Mukund Barsagade as Group CFO
   • What: Lendingkart, a digital lending firm, named Mukund Barsagade as its Group Chief Financial Officer (CFO).
   • Responsibilities: In his new position, Barsagade will oversee Finance, Capital Markets, Legal, and Secretarial functions at Lendingkart.
     Source: Business Standard

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