Current Affairs - Awards and Honours - Discussion

Rahul Bhave has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of the Industrial Finance Corporation of India (IFCI) for a term of three years. Prior to this role, he served as the Deputy Managing Director of IFCI. His appointment was approved by the Appointments Committee of the Cabinet (ACC), chaired by the Prime Minister. Bhave's leadership is expected to guide IFCI, which plays a key role in financing industrial and infrastructure projects in India.