Daily Current Affairs, 25th July 2020

1) Sahil Seth appointed as honorary adviser for BRICS CCI

•Sahil Seth has been appointed as an honorary adviser to the steering committee for the BRICS Chamber of Commerce and Industry (CCI) young leaders. He has been appointed for the period 2020-2023. Seth is presently serving as the Deputy Commissioner of Mumbai Customs.

•The BRICS CCI is the parent organisation which promotes commerce and industry in the BRICS nations and produces an enabling support system for the MSME segment of businesses and young entrepreneurs from across all different geographies. The primary objective of the honorary advisers committee is to organise themselves in BRICS countries chapters for a period of three years with a chair leading the committee.

2) Partha Pratim Sengupta becomes new MD & CEO of IOB

•Government of India has appointed Partha Pratim Sengupta as the new Managing Director (MD) & Chief Executive Officer (CEO) of Indian Overseas Bank (IOB). He will replace Karnam Sekar, who retired from the post of the MD and CEO at IOB on June 30, 2020. Sengupta has been appointed upto a date of attaining the age of superannuation, December 31, 2022, or until further orders.

•Partha Pratim Sengupta was presently serving as the deputy managing director at State Bank of India (SBI). Sengupta has an experience of more than three decades in the banking industry and served at various positions in different geographies.





3) Adani Ports signs up for Science-Based Targets initiative

•Adani Ports and Special Economic Zone Ltd (APSEZ) has become the first Indian port to sign the Science-Based Targets initiative (SBTi). After signing up for the SBTi, APSEZ has committed to set up science-based emissions reduction targets across their entire value chain. These targets would be consistent with keeping global warming to 1.5°C above pre-industrial levels.

•The Science-Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It encourages the best practices in science-based target setting and independently evaluates the companies’ targets. APSEZ has join the group of 43 Indian companies who have signed a commitment letter to SBTi.

4) Tata AIA Life Ltd appoints Naveen Tahilyani as its MD & CEO

•Naveen Tahilyani has been appointed by Tata AIA Life Limited as its Managing Director (MD) & Chief Executive Officer (CEO). He will take over from the current CEO Rishi Srivastava, who has been appointed as chief executive officer, group agency distribution, AIA Group, Hong Kong. Tahilyani was roped in by Axis Bank as group executive- head of banking operations and transformation.

•Naveen Tahilyani was the CEO of Hong Kong’s AIA Group’s partnership business distribution until 2019. He has also served as the CEO and Managing Director of Tata AIA from 2015 to 2018.