RBI approves appointment of Sandeep Bakshi as MD & CEO of ICICI Bank
Private sector lender ICICI Bank on October 16, 2018 announced that the Reserve Bank of India (RBI) approved the appointment of Sandeep Bakshi as the Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Bank for three years.
Earlier on October 4, 2018, the board of ICICI Bank elevated Chief Operating Officer Bakhshi as the bank’s new Managing Director and Chief Executive Officer after resignation of Chanda Kochhar. Chanda Kochhar also resigned from all subsidiaries of the bank, including ICICI Securities where she had sought reappointment as the Chairperson.
UP Cabinet approves changing name of Allahabad to 'Prayagraj'
The Uttar Cabinet on October 16, 2018 approved the proposal of the state government to rename the city of ‘Allahabad’ as ‘Prayagraj’. The decision has been vehemently opposed by the opposition parties.
The move, however, fulfils the long-standing demand of seers before the Ardh Kumbh Mela in January 2019. Speaking ahead of the cabinet meeting, Uttar Pradesh chief minister Yogi Adityanath had said that there was a proposal from the Akhara Parishad to rename Allahabad as Prayagraj ahead of 2019 Kumbh.
Microsoft co-founder Paul Allen dies of cancer at 65
Paul Gardner Allen, the billionaire co-founder of Microsoft, an investor, entrepreneur and philanthropist, passed away on October 15, 2018. He was 65. He died in Seattle from complications related to Non-Hodgkin's lymphoma, the less-common Hodgkin's disease.
Paul Allen co-founded Microsoft with his childhood friend Bill Gates in 1975 before becoming a billionaire philanthropist. Apart from his role in Microsoft, Allen influenced many aspects of modern life from technology and science to sports and music and invested in conservation, space travel, arts and culture and professional sports.
Government lays foundation stone for Prime Ministers’ Museum at Teen Murti Estate
Minister of state for culture, Mahesh Sharma and Union Minister for Housing and Urban Affairs, Hardeep Singh Puri on October 15, 2018 jointly laid the foundation stone for proposed Museum on Prime Ministers of India at Teen Murti Estate, New Delhi.
The new museum will incorporate the Nehru Memorial Museum and Library (NMML) at the Teen Murti Estate, the official residence of India’s first Prime Minister Jawaharlal Nehru. The proposed Museum will be constructed at a cost of Rs. 271 crore.
Union Government launches Award Scheme under 'Saubhagya'
Minister of State for Power and Renewable Energy RK Singh on October 15, 2018 launched an award scheme under the umbrella Saubhagya Scheme, also known as Pradhan Mantri Sahaj Bijli Har Ghar Yojana.
Eight States which have already achieved more than 99 percent household electrification prior to launch of Saubhagya scheme are ineligible for participation under the award scheme. These eight states are Andhra Pradesh, Gujarat, Goa, Haryana, Himachal Pradesh, Kerala, Punjab and Tamil Nadu. All the remaining States and their Discoms are eligible for the award.
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