“AWARDS”

RBI awarded Digital Transformation Award 2025 for digital initiatives

The Reserve Bank of India (RBI) has been selected for the Digital Transformation Award 2025 by Central Banking at London in UK. The central bank was awarded for its digital initiatives named Pravaah and Sarthi, which were developed by its in-house developer team. The awards committee noted how these digital initiatives have reduced the use of paper-based submissions, thus transforming RBI’s internal and external processes.

“DEFENCE”

INS Ranvir participates in Exercise Bongosagar 2025

The India-Bangladesh Naval Exercise Bongosagar 2025 and Coordinated Patrol was conducted in Bay of Bengal. The exercise saw participation of INS Ranvir from Indian Navy and BNS Abu Ubaidah from Bangladesh Navy. The exercise enhanced interoperability between the two navies, facilitating collaborative responses to shared maritime security challenges.

“APPOINTMENT”

Intel Appoints Lip-Bu Tan as CEO: A New Era for Semiconductor Leadership

Intel Corporation (Nasdaq: INTC) has announced the appointment of Lip-Bu Tan as its new Chief Executive Officer (CEO), effective March 18, 2025. This decision marks a significant leadership transition as Tan takes over from Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. He will also rejoin Intel’s board of directors after previously stepping down in August 2024.

“NATIONAL & INTERNATIONAL NEWS”

Human Coronavirus HKU1 Detected in Kolkata Woman

A recent case of human coronavirus HKU1 has been reported in Kolkata, raising concerns among the public. However, medical experts clarify that HKU1 is not a new virus; it was first identified in 2005 and is generally linked to mild respiratory illnesses. Unlike Covid-19, this virus does not pose a pandemic threat, and the patient in Kolkata is currently stable. The virus spreads like other coronaviruses, primarily through respiratory droplets and surface contact.

ISRO Chairman V Narayanan Launches Thermal Research Centre at IIT Madras

The Indian Space Research Organisation (ISRO) has taken a significant step toward advancing space technology with the launch of the Shri S Ramakrishnan Centre of Excellence in Fluid and Thermal Science Research at IIT Madras. Inaugurated by ISRO Chairman V Narayanan, this new research facility aims to tackle complex thermal challenges in space applications. The centre will focus on heat dissipation in satellites and launch vehicles, developing advanced cooling solutions, and fostering industry-academia collaborations.

India to become world’s third-largest economy by 2028: Morgan Stanley

India will be the world’s third-largest economy by 2028 as it becomes the world’s most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. In 2028, India will overtake Germany as its economy will expand to $5.7 trillion. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.

Valueattics Reinsurance set to become India’s first private reinsurer

IRDAI has approved the first reinsurance licence to a private player, Valueattics Reinsurance, backed by Prem Watsa and Kamesh Goyal. They are also the promoters of Go Digit General Insurance and Go Digit Life Insurance. Valueattics Reinsurance is owned by Oben Ventures LLP, promoted by Goyal, and FAL Corporation, backed by Watsa with Fairfax Financial Holdings.