Home > Practice > Current Affairs > October - 2024 > October 10, 2024
11. Who has been appointed as the Managing Director of Nestle India Limited, effective August 1, 2025?
Manish Tiwary, former head of Amazon India, has been appointed as the Managing Director of Nestle India Limited, succeeding Suresh Narayanan who retires on July 31, 2025. With nearly three decades of experience in consumer goods and e-commerce, Tiwary brings expertise in driving digital transformation and supply chain modernization. His leadership is expected to guide Nestle India through its next phase of growth and innovation, blending traditional FMCG knowledge with modern digital strategies. Tiwary's appointment marks a significant transition for the company, and he is poised to leverage his experience for future success.
12. Where is the National Maritime Heritage Complex (NMHC) being developed to showcase India’s 4,500-year-old maritime history?
The National Maritime Heritage Complex (NMHC) is being developed at Lothal, Gujarat, a historically significant site known for its ancient maritime trade links dating back 4,500 years. The project aims to highlight India's rich maritime history through museums, galleries, and parks. It is expected to create 22,000 jobs and will be developed in phases. The construction of a Light House Museum under Phase 1B will be funded by the Directorate General of Lighthouses and Lightships (DGLL).
13. What GDP growth rate has the RBI projected for India in FY 2024-25?
The Reserve Bank of India (RBI) has projected a GDP growth rate of 7.2% for the financial year 2024-25. This optimistic projection is attributed to strong domestic demand, low raw material costs, and robust growth in the manufacturing sector. While the first quarter recorded a growth rate of 6.7%, the RBI has forecasted steady increases for the remaining quarters, with GDP growth rates of 7%, 7.4%, and 7.4% for Q2, Q3, and Q4 respectively. The Monetary Policy Committee, in a 5:1 vote, decided to keep interest rates unchanged.
14. Which country has pledged $250 million for the Centre of Excellence for Traditional Medicine and is also the sixth largest global contributor of core funding to the WHO?
India has demonstrated its commitment to global health initiatives by pledging a substantial amount to the Centre of Excellence for Traditional Medicine. This contribution is part of India's larger pledge of over $300 million to the WHO's core programs from 2025 to 2028. As the sixth largest global contributor to the WHO, India plays a significant role in addressing the organization's funding gap of $7.1 billion. This investment highlights India's focus on promoting traditional medicine and supporting global health initiatives, aligning with the WHO's efforts to bridge funding gaps and achieve its health objectives.
Next