Persons in News Current Affairs - 2019

Latest Persons in news Current Affairs 2019. National and International Personalities in news Current Affairs 2019, India and world Persons in news Current Affairs 2019 with all important national updates and events for the year 2019.

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SBI Managing Director Anshula Kant appointed World Bank’s MD and CFO

Anshula Kant, Managing Director of State Bank of India (SBI) has been appointed as Managing Director and Chief Financial Officer (CFO) of World Bank. She will be the 1st woman CFO of World Bank. Her appointment was announced by David Malpass, World Bank’s President.

Key Highlights

Since September 2018 she has been a Managing Director and member of the World Bank Board.

Role as CFO: While functioning her role as MD and CFO, Anshula Kant will be responsible for financial and risk management of World Bank Group and will report WB’s President.

Duties: Among other key management duties, her work will include risk management and oversight of financial reporting. She will also work closely with World Bank CEO on mobilization of International Development Association (IDA) and other financial resources. IDA is a member of World Bank Group. It is an international financial institution that offers concessional loans and grants to world’s poorest developing countries.

About Anshula Kant

She is a graduate in Economic Honours from Lady Shri Ram (LSR) College for Women, New Delhi and Post-Graduate in Economics from Delhi School of Economics.

Role in SBI:

She has held position of Chief Financial Officer of SBI. As SBI’s CFO she managed $38 billion of revenues and total assets of $500 billion.World Bank

She has more than 35 years of expertise in finance and banking sector. Stewarding SBI she greatly improved capital base and focused on long-term sustainability of organisation within her mandate.

She has held direct responsibility for SBI’s Risk, Compliance and Stressed Asset Portfolio and led creation of several investment opportunities while empowering risk management via bank.

Arun Kumar appointed as DGCA Director General

Appointments Committee of Cabinet headed by Prime Minister Narendra Modi has approved appointment of Arun Kumar, Additional Secretary and Financial Advisor, to Union Ministry of Civil Aviation as the new Director General (DG) in Directorate General of Civil Aviation (DGCA) in rank and pay of Additional Secretary.

About Arun Kumar

He is 1989 batch IAS officer of Haryana cadre.

He is currently serving as additional secretary in Union Ministry of Civil Aviation and will now be holding full-time charge as Chief of aviation regulator DGCA.

He was heading DGCA as an additional charge between 31 May 31 and 9 July 2019.

Predecessor: He will succeed B S Bhullar who was appointed as full-time DGCA chief in December 2016. He is an IAS officer of Uttar Pradesh (UP) cadre. In between June 2016 and December 2016, he was also heading DGCA as additional charge. During his tenure, his main role was as additional secretary in Ministry of Civil Aviation.

About Directorate General of Civil Aviation (DGCA)

It is regulatory body in field of Civil Aviation primarily dealing with safety issues. It is headquartered in New Delhi with regional offices in various parts of India.

It is an attached office of Union Ministry of Civil Aviation which is responsible for regulation of air transport services to or from or within India and for enforcement of civil air regulations, air safety and airworthiness standards.

It is also responsible for coordinating all regulatory functions with International Civil Aviation Organisation (ICAO).