Wednesday, February 28, 2024

Massive drug seizure by Indian Navy off Gujarat coast: 3,300 kg of Meth, Charas intercepted

In a significant drug bust operation off the Gujarat coast, the Indian Navy, in collaboration with the Narcotics Control Bureau (NCB), intercepted a small ship and seized approximately 3,300 kilograms of drugs near Porbandar. This seizure marks one of the largest drug confiscations in recent times, valued at around ₹1,300 crore.

The Tata Institute Claims Success in Cancer Treatment with “Rs 100 Tablet”

The Tata Institute in Mumbai, renowned for its cancer research and treatment, has made a groundbreaking announcement regarding a new treatment method that could revolutionize cancer therapy. After a decade of dedicated research, doctors at the institute have developed a tablet that they assert can prevent the recurrence of cancer in patients, significantly reducing the side effects of conventional treatments like radiation and chemotherapy.

“BJP Claims TMC Strongman in ‘Safe Custody’ of Bengal Police Amid Sandeshkhali Unre

The ongoing turmoil in Sandeshkhali, West Bengal, has taken a new turn as the Bharatiya Janata Party (BJP) leader, Suvendu Adhikari, alleged that Sheikh Shahjahan, the main accused in the violence over land disputes and sexual harassment, is now in the "safe custody" of the state police. Adhikari claimed that Shahjahan negotiated a deal with Chief Minister Mamata Banerjee's police force, securing luxurious treatment while in custody.

SBI Managing Director Swaminathan Janakiraman Appointed as RBI Deputy Governor to Strengthen Central Bank’s Leadership

Latest newsSBI Managing Director Swaminathan Janakiraman Appointed as RBI Deputy Governor to Strengthen Central Bank's Leadership

In a significant development, the government has announced the appointment of Swaminathan Janakiraman, the managing director of State Bank of India (SBI), as the Deputy Governor of the Reserve Bank of India (RBI). The decision comes as MK Jain, the incumbent Deputy Governor.

As per an official notification, Swaminathan Janakiraman’s appointment as RBI Deputy Governor is for a period of three years from the date of joining the post or until further orders are issued. This move is in line with the provisions of the RBI Act, 1934, which mandates that the central bank should have four Deputy Governors, including one from the commercial banking sector and an economist to head the monetary policy department, in addition to the two Deputy Governors from within the ranks.

The selection process for the position of RBI Deputy Governor involved a panel headed by the Cabinet Secretary, which conducted interviews with the shortlisted candidates on June 1. The appointment of Swaminathan Janakiraman is a testament to his extensive experience and leadership within the banking industry, particularly his role as the managing director of SBI.

Alongside Swaminathan Janakiraman, the other three Deputy Governors currently serving at the RBI are Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar. The role of Deputy Governors in the RBI is crucial, as they contribute to the decision-making process and play a pivotal role in shaping monetary policies and the overall functioning of the central bank.

Deputy Governor appointments are initially made for a period of three years, with the possibility of reappointment. The position carries a fixed monthly salary of ₹2.25 lakh, along with allowances.

Swaminathan Janakiraman’s appointment as RBI Deputy Governor is expected to bring forth his expertise and contribute to the continued stability and growth of India’s banking and financial sector. With his vast experience in the banking industry, he is well-positioned to address the evolving challenges and opportunities in the current economic landscape.

As Swaminathan Janakiraman assumes his new role, stakeholders will be closely observing the policies and strategies implemented by the RBI under his leadership, as they play a crucial role in shaping India’s economic trajectory.

Sources By Agencies

Check out our other content

Check out other tags:

Most Popular Articles