T.N. Natarajan appointed Director (Commercial) of Steel Authority of India Limited (SAIL).
[Steel Authority of India Limited]
Key Updates:
- T.N. Natarajan assumed the post of Director (Commercial) on the Steel Authority of India Limited (SAIL) board effective 19 March 2026.
- He was nominated by the Government of India and the appointment was approved by SAIL’s board.
- Before this elevation, Natarajan served as Chief General Manager in SAIL.
- He joined SAIL in 1993 as a Management Trainee at Bhilai Steel Plant and has over 32 years of experience in production, logistics, and sales.
- His prior roles include postings in the Central Marketing Organisation at Bengaluru, Chennai, and Trichy, and most recently as Regional Manager (Western Region).
- He led the establishment of SAIL’s first Ready-to-Use TMT service centre at Kalamboli.
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- Nidhi Chhibber, Director General of the Development Monitoring and Evaluation Office (DMEO), has been given additional charge as Chief Executive Officer (CEO) of NITI Aayog.
- She is a 1994-batch Indian Administrative Service (IAS) officer of the Chhattisgarh cadre and previously served as Chairperson of the Central Board of Secondary Education (CBSE).
- At NITI Aayog’s DMEO, she has been responsible for monitoring and evaluating flagship government schemes.
- Chhibber holds a Master’s degree in History and a Bachelor of Laws (LL.B.), and is proficient in both English and Hindi.
- BVR Subrahmanyam, a 1987-batch IAS officer of the Chhattisgarh cadre, completed his three-year term as CEO of NITI Aayog.
- Subrahmanyam has served as Secretary in the Ministry of Commerce & Industry, Chief Secretary of Jammu & Kashmir, Principal Secretary in the Chhattisgarh government, and has also worked in the Prime Minister’s Office.
- Steel Authority of India Limited (SAIL), a Maharatna Public Sector Undertaking (PSU), has been certified as a Great Place to Work for the period February 2026 to February 2027.
- This recognition marks the third consecutive year that SAIL has received this certification following an assessment by the Great Place To Work Institute, India.
- The assessment process involved a company-wide survey measuring the TRUST INDEX© score, which evaluates parameters such as credibility, respect, fairness, pride, and camaraderie.
- SAIL has implemented the SAIL DARPAN initiative to establish a transparent and performance-driven work environment focused on objective evaluation and accountability.
- The organisation has partnered with several institutions for capability enhancement, including Indian Institute of Management (IIM) Kozhikode, IIM Bangalore, IIM Jammu, IIM Raipur, IIM Ranchi, XLRI, and Administrative Staff College of India (ASCI).
- Shri Amarendu Prakash currently serves as the Chairman and Managing Director (CMD) of SAIL.
- Prof. Dheeraj Sharma, the Director of Indian Institute of Management (IIM) Rohtak, was conferred with the Exemplary Governance Leadership Award at the 46th World Management Congress.
- The award ceremony was held at the India International Centre in New Delhi following a selection process involving over 1,400 global nominations.
- He was one of only seven individuals shortlisted for the honor by the Congress’s Awards and Appreciation Committee.
- Under his leadership, IIM Rohtak secured international accreditations from the Association of MBAs (AMBA) and the Business Graduates Association (BGA).
- He spearheaded the launch of the Integrated Programme in Management and the Integrated Programme in Law, the latter being the first such law programme among IIMs.
- He was recognized in a 2023 Stanford University list as being among the world’s top 2% researchers.
- IIM Rohtak shifted to its permanent campus in 2018, with the project completed below estimated costs during his tenure.
- Kotak Mahindra Bank (KMB) has appointed Anup Kumar Saha as Whole-time Director, subject to regulatory approvals.
- Saha will act as Whole-time Director (Designate) and join senior management from January 12, 2026.
- He will oversee consumer banking, marketing and data analytics functions at KMB.
- Anup Kumar Saha most recently served as Managing Director at Bajaj Finance.
- He previously spent 14 years at ICICI Bank in senior leadership roles.
Krishna Kumar Thakur takes charge as Director (Personnel) of NMDC Limited (NMDC)
[National Mineral Development Corporation]
Key Updates:
- Krishna Kumar Thakur, a 1998 batch Indian Railway Personnel Service (IRPS) officer, assumed the role of Director (Personnel) at NMDC Limited (NMDC) on Thursday.
- He previously served as the Director (Human Resources) at Bharat Heavy Electricals Limited (BHEL), where he implemented organisational restructuring and multi-skilling initiatives.
- During his career in Indian Railways, he managed human resource functions in the Solapur, Bhopal, and Mumbai divisions.
- As the Chairman of the Railway Recruitment Cell (RRC) of Western Railway, he led the recruitment of approximately 12,000 employees.
- He has served as the Head of Human Resources at Konkan Railway Corporation Limited (KRCL) and worked on an international train operations project in Saudi Arabia with RITES Limited (RITES).
- He is an alumnus of Tilka Manjhi Bhagalpur University and holds a Post Graduate Diploma in Management (PGDM) in Human Resources from the Tata Institute of Social Sciences (TISS).
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- The Appointments Committee of the Cabinet (ACC) approved the appointment of M Anitha, IRS (Income Tax: 2007), as Director in the Department of Defence under the Central Staffing Scheme.
- The Civil Services Board (CSB) recommended her lateral shift from the Department of Investment and Public Asset Management (DIPAM), where she is currently Director.
- Her tenure in the Department of Defence will last up to 26 September 2026, the balance period of her five-year deputation at the Director level, or until further orders, whichever is earlier.
- The appointment takes effect from the date she assumes charge of the post.
- Rakesh Aggarwal, a 1994-batch Indian Police Service (IPS) officer of Himachal Pradesh cadre, has been assigned the additional charge of Director General of National Investigation Agency (NIA).
- He is currently serving as Special Director General of the NIA.
- The assignment follows the premature repatriation of incumbent DG Sadanand Vasant Date, a 1990-batch Maharashtra cadre IPS officer, to his parent cadre.
- Aggarwal will hold the additional charge till the appointment of a regular incumbent or until further orders, whichever is earlier.
- Divakar Jayant, a 1991-batch Indian Naval Armament Service (INAS) officer, took over as DGONA on 2 February 2026.
- He succeeded P. Upadhyay, who superannuated on 31 January 2026.
- Jayant joined the Naval Armament Organisation of the Indian Navy on 28 December 1992.
- He is an Electrical Engineering graduate from IIT Delhi and specialises in torpedo life-cycle management.
- He has served as Chief General Manager and General Manager/Principal Director at Naval Armament Depots in Mumbai, Visakhapatnam, and Alwaye.
- Rakesh Aggarwal, a 1994 batch IPS officer of Himachal Pradesh cadre, has been appointed as the regular Director General of National Investigation Agency (NIA).
- He had been serving as interim head of NIA after the premature repatriation of incumbent Sadanand Date.
- Praveen Kumar, a 1993 batch IPS officer of West Bengal cadre, has taken over as Director General of Border Security Force (BSF).
- He was earlier serving as ITBP DG while also holding additional charge as BSF DG.
- Shatrujeet Singh Kapoor, a 1990 batch IPS officer and former DGP of Haryana, has been appointed as Director General of Indo-Tibetan Border Police (ITBP).
World Trade Organization forecasts global trade growth to slow to 1.4-1.9% in 2026 amid Middle East conflict risks
[World Trade Organization]
Key Updates:
- World Trade Organization (WTO) forecasts global merchandise trade growth to slow to 1.9% in 2026 from 4.6% in 2025.
- If crude oil and liquefied natural gas prices remain high throughout 2026 due to the Middle East conflict, global trade in goods could slow further to 1.4%.
- A prolonged blockade of the Strait of Hormuz by Iran would choke one-third of fertilizer urea imports, hitting major producers like India, Thailand, Brazil.
- Trade in AI-enabling goods accounted for 42% of global trade growth in 2025 and increased by 21.9% year-on-year to $4.18 trillion.
- Asia will lead merchandise import growth in 2026 with imports up 3.3% and exports up 3.5%, followed by Africa with 3.2% imports and 1.2% exports.
- Around 72% of world trade is being conducted on a Most-Favoured-Nation basis, down from about 80% at the start of last year.
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- Goldman Sachs has raised India’s real Gross Domestic Product (GDP) growth forecast for calendar year 2026 by 20 basis points to 6.9 per cent.
- The upward revision follows the United States (US) reducing reciprocal tariffs on Indian goods to 18 per cent from the previous 25 per cent.
- The revised 18 per cent tariff rate aligns India with other Asian economies that face US tariff rates ranging between 15 per cent and 19 per cent.
- India’s bilateral goods trade surplus with the US doubled from approximately $20 billion in CY2015 to about $40 billion in CY2025 year-to-date.
- The expansion in trade surplus was primarily driven by higher surpluses in electronics, pharmaceutical products, and textiles.
- American crude oil accounted for 7 per cent of India’s crude imports by volume in Financial Year 2026 (FY26) up to November 2025, compared to 4 per cent in FY25.
- The International Monetary Fund (IMF) raised its 2026 global growth projection by 0.2 percentage points to 3.3%.
- The IMF now assumes an effective U.S. tariff rate of 18.5 per cent, down from around 25 per cent in earlier estimates.
- The IMF upgraded its U.S. growth forecast for 2026 to 2.4 per cent and trimmed the 2027 outlook to 2.0 per cent.
- Spain’s 2026 forecast was raised to 2.3 per cent, while Britain’s projection remained unchanged at 1.3 per cent.
- China’s 2026 growth forecast was lifted to 4.5 per cent, below its stronger-than-expected 5 per cent performance in 2025.
- The euro zone 2026 projection was lifted to 1.3 per cent, driven by higher public spending in Germany and better performance in Spain and Ireland.
- Brazil’s 2026 forecast was cut to 1.6 per cent as tighter monetary policy weighs on growth.
- Global inflation is expected to ease from 4.1 per cent in 2025 to 3.8 per cent in 2026 and 3.4 per cent in 2027.
- The UN has raised India's 2026 GDP growth projection to 6.6% from the earlier 6.4%.
- India's GDP is forecast to grow 6.7% in 2027.
- India's GDP is expected to expand 7.4% in 2025.
- Inflation in India is forecast at 4.1% in 2026.
- On a financial year basis, India's economy is estimated to grow 7.2% in 2025-26 and 6.6% in 2026-27.
- The US has imposed a 50% tariff on India, including a 25% penalty for importing Russian oil.
- The US accounts for around 18% of India's exports.
- Globally, GDP growth is projected at 2.7% in 2026, marginally lower than the estimated 2.8% for 2025.
- The US economy is anticipated to grow 1.9% in 2025 and 2% in 2026.
- China's growth is forecast at 4.9% in 2025 and 4.6% in 2026.
- The Government of India (GoI) projects the real GDP growth at 7.4% for fiscal year 2025–26, exceeding the Reserve Bank of India (RBI) expectation of 7.3%.
- Nominal GDP growth is estimated at 8% for the current fiscal year, compared to 9.7% recorded in the previous year.
- India’s GDP growth accelerated to a six-quarter high of 8.2% in the second quarter of FY26, following a 7.8% expansion in the April–June quarter.
- Real Gross Value Added (GVA) is expected to expand by 7.3% in FY26, an increase from 6.4% in FY25.
- Nominal GVA is projected to grow at 7.7% in the current fiscal, down from the 9.3% growth recorded in the previous financial year.
- Government spending is estimated to rise by 5.2% in fiscal 2025-26, compared to a 2.3% increase in the previous year.
- Manufacturing and construction sectors are both estimated to achieve a growth rate of 7.0% at constant prices in FY 2025-26.
- The agriculture and allied sector is estimated to grow by 3.1% during FY26, down from the 4.6% growth witnessed in FY24.