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News in Short

News in Short - 02-September-2019

Indian American Sheerin Matthews nominated to US federal judgeship

Date: 02 September 2019 Tags: Appointments & Resignations
  • US President Donald Trump has nominated Shireen Matthews, an Indian-American lawyer, to be a federal judge.
  • She is a partner with the elite law firm Jones Day, where she specialises in white-collar crimes.
  • Earlier she was an assistant federal prosecutor in California serving as the coordinator for criminal healthcare fraud cases.
  • Matthews is the sixth Indian-American nominated to the federal judiciary at various levels by Trump administration.

Lt Gen Mukund Narvane takes charge as vice chief of Army Staff

Date: 02 September 2019 Tags: Appointments & Resignations
  • Lt Gen Manoj Mukund Naravane has assumed charge as vice chief of the 1.3 million-strong Territorial Army.
  • Lt Gen Naravane will be in contention for the Army chief's post as he will be the senior-most commander when incumbent Gen Bipin Rawat retires on December 31.
  • Lt Gen Naravane succeeds Lt Gen D Anbu who retired from service recently.
    Before taking charge as vice chief of the Army Staff, Lt Gen Naravane was heading the Eastern Command of the Army

President appoints new governors

Date: 02 September 2019 Tags: Appointments & Resignations
  • President Ram Nath Kovind has appointed new governors for Telangana, Kerala, Himachal Pradesh, Maharashtra and Rajasthan.
  • Tamil Nadu state BJP chief Tamilisai Soundararajan has been appointed as Governor of Telangana while former union minister Bandaru Dattatraya will take charge as Governor of Himachal Pradesh.

Other appointments are

  • Shri Arif Mohammed Khan as Governor of Kerala
  • Shri Kalraj Mishra, Governor of Himachal Pradesh is transferred and appointed as Governor of Rajasthan
  • Shri Bhagat Singh Koshyari as Governor of Maharashtra

Mahindra and Mahindra to acquire 55% stake in Meru cabs

Date: 02 September 2019 Tags: Acquisitions and Merger
  • Automotive major Mahindra and Mahindra Ltd., will acquire up to 55% stake in radio taxi firm Meru Cabs, by a fresh issue of shares worth up to 103 crore.
  • Meru currently runs two businesses - cab-hailing and radio taxi services in Mumbai, Bengaluru and Delhi, and transportation solutions.

SBI card to issue RuPay credit card

Date: 02 September 2019 Tags: miscellaneous
  • SBI Card will soon launch RuPay credit cards, a development which will give a boost to the homegrown payment network.
  • RuPay is the first-of-its-kind domestic debit and credit card payment network of India developed by National Payments Corporation of India (NPCI).
  • RuPay has also tied-up with international players like Discover, Japan Credit Bureau and China Union Pay to enhance its international acceptance.

PNB revises interest rates

Date: 02 September 2019 Tags: Banking Schemes & Policies
  • State-run Punjab National Bank (PNB) has revised its fixed deposit interest rates with effect from September 1, 2019.
  • PNB has lowered the interest rates by up to 0.50 percentage point on select maturities.
  • On fixed deposits of 1-3 years maturity period, the public sector lender has lowered its interest rates by 0.25 percentage point