“IMPORTANT DAYS”

World Bicycle Day 2025: Honoring the Humble Two-Wheeler

Every year on June 3, the world celebrates World Bicycle Day to recognize the bicycle’s role as a simple, affordable, and eco-friendly mode of transport. Observed globally since its official declaration by the United Nations in 2018, the day is an opportunity to highlight the health benefits, economic accessibility, and environmental sustainability of cycling. World Bicycle Day 2025, falling on a Friday, marks the fourth consecutive global celebration of this unique initiative, championed originally by Professor Leszek Sibilski.

Global Day of Parents 2025: Honoring the Pillars of Human Development

Every year on June 1, the world observes Global Day of Parents, a United Nations-designated day that honors the invaluable role of parents in shaping societies. Introduced in 2012, this day serves to recognize the lifelong commitment, sacrifices, and love of parents, while encouraging support for parental roles in family and child development. As the world recovers from a decade of social disruption caused by pandemics and conflict, 2025’s observance is especially significant in reaffirming the family unit as a cornerstone of sustainable development.

“APPOINTMENTS”

S. Padmanabhan Appointed Chairman of Tata Chemicals

In a strategic leadership development within the Tata Group, S. Padmanabhan, a seasoned executive and PGP’82 alumnus of IIM Bangalore, has been appointed as the Chairman of Tata Chemicals, effective 30 May 2025. With over four decades of distinguished service across Tata companies, Padmanabhan’s elevation reinforces the group’s commitment to nurturing internal leadership talent rooted in operational excellence and corporate vision.

Air Marshal Jasvir Singh Mann Appointed Senior Air Staff Officer of Western Air Command

In a significant development for the Indian Air Force (IAF), Air Marshal Jasvir Singh Mann has officially taken over as the Senior Air Staff Officer (SASO) of the Western Air Command (WAC). With over three decades of distinguished service, the Air Marshal brings extensive operational, administrative, and strategic experience to one of the IAF’s most crucial operational commands. The appointment of Air Marshal Jasvir Singh Mann as SASO of Western Air Command on 1st June 2025 is important due to: His decorated service history, including awards like the Ati Vishisht Seva Medal (AVSM) and Vayu Sena Medal (VM). 

Asheesh Pandey and Kalyan Kumar Appointed to Top Posts in PSU Banks

The Financial Services Institutions Bureau (FSIB) has recommended Asheesh Pandey as the new Managing Director (MD) and Chief Executive Officer (CEO) of Union Bank of India and Kalyan Kumar as the MD and CEO of Central Bank of India. Both individuals currently serve as Executive Directors in major public sector banks and are set to succeed the outgoing bank heads whose tenures end in mid-2025.

Deutsche Bank Appoints Stefan Schaffer as CEO of India GCC

In a strategic move to bolster its technological and operational capabilities in India, Deutsche Bank has appointed Stefan Schaffer as the new CEO of its India Global Capability Centre (GCC). Schaffer will also take on dual roles as the Global CIO for Corporate Functions and Head of Global Technology Centres, signifying the bank’s strong commitment to its India operations. The announcement, made on June 2, 2025, highlights Deutsche Bank’s growing reliance on its Indian centres, which support its global operations with over 20,000 employees across four major cities. Schaffer’s leadership aims to strengthen the bank’s engineering, standardisation, and innovation efforts.

 “NATIONAL & INTERNATIONAL NEWS”

Germany Becomes the World’s Top Creditor, Overtaking Japan After 34 Years

In a major shift on the global financial stage, Germany has overtaken Japan as the world’s top creditor country in 2024, ending Japan’s 34-year reign. This change, driven by current account surpluses, exchange rate dynamics, and structural economic trends, reflects broader transformations in global trade and investment patterns.