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11. Which state in India signed an MoU with SBI General Insurance for Disaster Risk Management?
Nagaland and SBI General Insurance signed an MoU to implement the Disaster Risk Transfer Parametric Insurance Solution (DRTPS). This makes Nagaland the first state in India to adopt such a solution, which aims to protect critical infrastructure and mitigate economic losses from disasters, including floods, droughts, mudslides, and damage to property and crops. The agreement covers a three-year period from 2024 to 2027, highlighting the state’s proactive approach to disaster management.
12. Who has been appointed as the new Chairman of the State Bank of India (SBI)?
The Indian government has appointed Challa Sreenivasulu Setty as the new Chairman of the State Bank of India (SBI), succeeding Dinesh Kumar Khara. Setty, who will assume the role on August 28, 2024, has extensive experience in various banking sectors including corporate credit, retail banking, and digital banking. His appointment follows a recommendation from the Financial Services Institutions Bureau (FSIB) and was approved by the Appointments Committee of the Cabinet (ACC). Setty's tenure as Chairman will be for three years, highlighting his seasoned expertise and leadership in the banking industry.
13. Who assumed charge as the new Director General of the Assam Rifles?
Lt Gen Vikas Lakhera assumed charge as the new Director General of the Assam Rifles, taking over from Lt General P C Nair, who retired after a distinguished career. The Assam Rifles, known as the "Sentinels of the Northeast," play a crucial role in maintaining peace and security in India's northeastern region. Lt Gen Lakhera brings with him a wealth of experience and a strong foundation in the Indian Armed Forces, having been commissioned into the 4 Sikh Light Infantry in 1990.
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