Who has been announced as the new Chief Executive Officer (CEO) of P&G India, effective from May 1, 2024?

Daily Current Affairs

Anjali Gupta

Rajesh Sinha

LV Vaidyanathan

Kumar Venkatasubramanian

Correct Answer : Kumar Venkatasubramanian

Leading FMCG company P&G India has announced the appointment of Kumar Venkatasubramanian as its new Chief Executive Officer (CEO), effective from May 1, 2024.

Outgoing CEO LV Vaidyanathan to Pursue Personal Interests :

The current CEO, LV Vaidyanathan, will be leaving the company to pursue personal interests after serving P&G for 28 years.

Venkatasubramanian’s Journey at P&G :

Venkatasubramanian, an IIM Calcutta alumnus, started his journey with P&G in 2000 as part of the sales team in India, straight after campus recruitment. Before his current role as CEO of P&G Australia and New Zealand, he was leading the sales team in P&G India until 2020.

Significant Experience in India :

With almost 24 years of experience, the majority of which was in India, Venkatasubramanian has played a pivotal role in P&G India’s growth trajectory across various roles, primarily in the sales function.

Driving Growth and Inclusion :

In his current role overseeing the Australia and New Zealand markets, Venkatasubramanian has been responsible for delivering record metrics driven by category growth and strong retailer partnerships. He is an advocate for equality and inclusion, and under his leadership, several impactful programs were expanded for employees and the community, including P&G ANZ’s partnership with the Sydney Gay and Lesbian Mardi Gras.

Leading FMCG Giant in India :

As the new CEO of P&G India, Venkatasubramanian will be leading the company’s four entities – Procter & Gamble Hygiene & Health Care, Procter & Gamble Health, Gillette India, and Procter & Gamble Home Products. With his extensive experience and proven track record, he is poised to guide P&G India’s growth and innovation in the dynamic FMCG sector.

Published On : March 25, 2024

Recently Updated Current Affairs

Q .

International Day of Argania 2024 Observed on?

7th May

8th May

9th May

10th May

Correct Answer : Option (D) - 10th May

On May 10 every year, people around the world celebrate the International Day of Argania. This special day honours the Argan tree (Argania spinosa), an ancient species that has grown in Morocco for about 80 million years. These trees are not just old; they play a crucial role in the local economy and environment. The celebration aims to increase awareness about these unique trees, their benefits, and the challenges they face.

The Argan tree is a native species of the sub-Saharan region of Morocco, growing in arid and semi-arid areas. It’s the defining species of a woodland ecosystem, also known as Arganeraie, which is rich in endemic flora. It is resilient to harsh environments with water scarcity, erosion risk, and poor soils.

The Arganeraie ecosystem is not only important for conservation but also for research and socio-economic development due to its forestry, agricultural, and livestock use. The argan tree woodlands provide forest products, fruits, and fodder. The leaves and fruits are edible and highly appreciated, as is the undergrowth, and constitute a vital fodder reserve for all herds, even in periods of drought. The trees are also used as fuelwood for cooking and heating.

The World-Renowned Argan Oil :

The world-famous argan oil is extracted from the seeds and has multiple applications, especially in traditional and complementary medicine, and in the culinary and cosmetic industries.

The Argan Tree: A Fundamental Pillar for Sustainable Development :

The argan tree is typically a multipurpose tree that supports income generation, increases resilience, and improves climate adaptation, playing a crucial role in achieving the three dimensions of sustainable development – economic, social, and environmental – at the local level.

Published On : May 10, 2024

Q .

Who has been appointed (7th May 2024) as the Chairman of HDFC Life?

Keki Mistry

Vijay Kamath

Ashok Sinha

Rahul Shetty

Correct Answer : Option (A) - Keki Mistry

The Insurance Regulatory and Development Authority (IRDAI) on 7th May 2024 approved the appointment of Keki Mistry as Chairman of HDFC Life. “We now wish to inform that IRDAI on May 7, 2024 has accorded its approval for the appointment of Keki Mistry as Chairman of the Board of the Company,” HDFC Life said in an exchange filing on May 8.

Earlier, the insurer had appointed Mistry as the Chairman of the Board as Deepak Parekh stepped down from the post. “The board has unanimously approved the appointment of Keki M Mistry as the Chairman of the Board with immediate effect subject to approval of Insurance Regulatory and Development Authority,” the company said on April 18.

Published On : May 10, 2024

Q .

Which country has recently extended the deadline for visa-free entry for Indians till November 11, 2024?

France

Sri Lanka

Malaysia

Vietnam

Correct Answer : Option (B) - Sri Lanka

Thailand and Sri Lanka have extended the visa-free entry facilities for visitors from India. Thailand has announced the extension of visa-free entry till November 11, 2024. The facility, implemented on November 10, 2023, was initially till May 10, 2024.

The Sri Lanka government has announced the extension of the facility till May 31, 2024. The country started visa-free entry as a pilot project in October last year. In both countries, the facility is valid for 30 days for visitors from India.

Tourism Authority of Thailand officials said there had been a sharp increase in the number of tourists from India since the facility was implemented.

The number of visitors to Thailand from India between November 2022 and April 2023 was 7,55,066, the official said. This number went up to 9,68,000 between November 2023 and April 2024.

“There has been a 28.2 per cent increase in the number of visitors from India between November 2023 and April 2024 compared with the previous year. This helped the Thailand government decide to extend the visa-free facility,” said Sirges-a-nong Trirattanasongpol, director, Tourism Authority of Thailand, New Delhi Office. “India is a very important market for us.”

Published On : May 10, 2024