Current Affairs - Awards and Honours

Shri M. Paramasivam’s tenure as Executive Director of Punjab National Bank (PNB) has been extended until March 31, 2027, or until further orders. The decision was formalized by the Department of Financial Services under the Ministry of Finance and reflects the government’s confidence in his leadership. As Executive Director, he has been instrumental in overseeing banking operations, driving credit growth, and enhancing corporate governance within PNB. His extension ensures continuity in leadership during a critical phase when public sector banks are implementing post-consolidation reforms, strengthening digital infrastructure, and navigating global economic and regulatory challenges.

Justice M Sundar was sworn in as the 10th Chief Justice of the Manipur High Court on September 15, 2025, following the retirement of Justice Kempaiah Somashekar. Born in Chennai in 1966, Justice Sundar graduated from Madras Law College as part of its first integrated law course batch and enrolled as an advocate in 1989. His judicial career began in 2016 when he was elevated as a permanent judge of the Madras High Court, where he later became the second senior-most judge. His appointment to Manipur was recommended by the Supreme Court Collegium, highlighting his seniority and expertise in constitutional and civil law.

Professor Pradeep Kumar Prajapati has taken charge as the Director of the All India Institute of Ayurveda (AIIA), New Delhi. His appointment is for a tenure of five years or until superannuation. Prof. Prajapati brings with him an extensive academic background, having earlier served as Vice-Chancellor of Dr. Sarvepalli Radhakrishnan Rajasthan Ayurved University in Jodhpur. Additionally, he had a long association with Gujarat Ayurved University, Jamnagar, where he contributed significantly to Ayurvedic research and academics. His leadership at AIIA is expected to further strengthen Ayurvedic education, research, and clinical practices at the national level.

Srinivas Injeti, a retired 1983-batch IAS officer, has been appointed as the Chairperson of the NSE Governing Board with SEBI’s approval. With over 40 years of experience in financial services, regulation, and governance, he has held key positions such as Secretary of the Ministry of Corporate Affairs, where he implemented landmark reforms including the Insolvency and Bankruptcy Code. He was also the founding Chairperson of the International Financial Services Centres Authority, contributing to fintech growth and sustainable finance. His broad career includes roles in sports administration, pharmaceuticals pricing, and global governance, making him well-suited for leading the NSE’s oversight.

Hero MotoCorp, India’s leading two-wheeler manufacturer, has appointed Harshavardhan Chitale as its new CEO, effective from 5 January 2026. This leadership transition comes after the resignation of Niranjan Gupta in April 2025 and the interim role of Vikram Kasbekar. Chitale, an IIT Delhi alumnus and Director’s Gold Medalist, brings over 30 years of global leadership experience, including his role as Global CEO of Signify’s €4 billion Professional Business. His expertise in industrial automation, IoT innovation, and global operations is expected to accelerate Hero’s shift toward electric mobility, digitalisation, premiumisation, and sustainability, aligning with the company’s long-term strategic vision.