Daily Current Affairs: 30 November 2025

Headline: China launches Arctic Express route cutting China-Europe transit to 18 days

Bullet Points:

• China-Europe Arctic Express reduces transit time to 18 days versus over 25 days by China-Europe Railway Express, over 40 days via Suez Canal and over 50 days around Cape of Good Hope.
• Arctic Express lowers business inventory needs by 40 per cent and carbon emissions by approximately 50 per cent compared to traditional longer routes.
• Northern Sea Route shortens East Asia-Europe maritime distance from 21,000 km via Suez Canal to 12,800 km, saving 10-15 days transit time.
• International North-South Transport Corridor cuts transport costs by nearly USD 2,500 per 15 tonnes of cargo.
• India-Middle East-Europe Economic Corridor aims to reduce transit times by 40 per cent compared to existing maritime routes.
• Chennai-Vladivostok Maritime Corridor can cut travel time from about 40 days to 24 days.

Headline: International Financial Services Authority (IFSCA) targets GIFT City (Gujarat) as India’s Guernsey-style IP hub

Bullet Points:

• IFSCA Chairperson K Rajaraman states an expert committee is examining how GIFT City can host IP in a better and attractive way.
• Rajaraman notes that worldwide earnings on IP in terms of royalty and dividends in 2023 was around $501 billion and India’s share was 0.5 percent.
• Goutam Bhattacharya highlights that GIFT IFSC can offer a single-window advisory for patent, trademark, design, and copyright registration.
• Ankit Sahni emphasises that GIFT IFSC can enable IP-backed financing, cross-border technology licensing, royalty securitisation, and global dispute resolution.

Headline: Sipan Kumar Garg takes additional charge as Chairman and Managing Director of THDC India Limited

Bullet Points:

• Sipan Kumar Garg has assumed the additional charge of Chairman and Managing Director (CMD) of THDC India Limited.
• He has been serving as Director (Finance) at THDC India Limited.
• He is a member of the ICAI, ICMAI and ICSI, and a rank holder in the Company Secretary examination.
• He brings over 24 years of experience in finance, accounts, taxation and commercial functions in the power sector.
• Before joining THDC India Limited, he worked as Chief Financial Officer at Aravali Power Company Private Limited and Patratu Vidyut Utpadan Nigam Limited, both subsidiaries of NTPC Limited.

Headline: India delivers 73 tonnes of life-saving medicines, vaccines and essential supplements to Kabul

Bullet Points:

• India has delivered 73 tonnes of life-saving medicines, vaccines and essential supplements to Kabul to cater to urgent medical needs.
• External Affairs Minister S Jaishankar called Afghanistan counterpart Amir Khan Muttaqi to convey condolences at the loss of lives in the earthquake that struck Balkh, Samangan and Baghlan provinces.
• Indian relief material for the earthquake-impacted communities is being handed over and further supplies of medicines to reach soon.

Headline: Institute of Chartered Accountants of India (ICAI) creates Guinness World Record with largest career advice session

Bullet Points:

• ICAI conducted the 'Career in Accounting and Finance for Youth (CAFY 4.0) & Super Mega Career Counselling Programme' in Mumbai.
• The Mumbai session gathered more than 7,400 students, teachers, principals and others, achieving an eligible record count of 6,166 students.
• Pan-India, the total number of participants exceeded 1.3 lakh.

Headline: Jay Shah honoured with CNN-News18 Indian of the Year 2025 Award

Bullet Points:

• Jay Shah, Chairman of the International Cricket Council (ICC), received the CNN-News18 Indian of the Year 2025 in the Outstanding Achievement category.
• During his tenure as Board of Control for Cricket in India (BCCI) honorary secretary from 2019-2024, he introduced the Women's Premier League (WPL) and implemented pay parity for women's teams.
• India's women's cricket team, led by captain Harmanpreet Kaur and head coach Amol Muzumdar, won the Indian of the Year Award in the Sports category following their ICC Women's Cricket World Cup 2025 victory.

Headline: Moody's Ratings pegs India GDP growth at 7% for 2025

Bullet Points:

• Moody's Ratings forecasts India’s GDP to grow 7.0% in 2025 and 6.4% in 2026.
• India will lead growth among emerging markets and across APAC excluding Greater China.
• APAC GDP growth will stay steady at 3.4% in 2026 versus 3.3% in 2024, with 3.6% expected in 2025.
• Emerging markets in the region will average 5.6% GDP growth compared with 1.3% in advanced markets.
• Most rated Indian companies have active currency risk management or strong financial buffers against Rupee weakness.
• Rated companies in oil and gas, airline, telecom and ride-hailing sectors face dollar exposure due to currency mismatches.
• Moody’s identifies trade, weakening macroeconomic conditions and financial markets as the three main channels through which 50% US tariffs will transmit risk to companies.
• Geopolitical tensions, especially US-China frictions, inform APAC geopolitical risk and threaten semiconductor supply chains.
• Moody’s outlook for APAC is stable; it would turn negative if geopolitical tensions escalate or China slows sharply, and positive if interest rates decline broadly and earnings growth strengthens.

Headline: Reserve Bank of India (RBI) records $4.472 billion drop in India’s foreign exchange reserves.

Bullet Points:

• India’s foreign exchange reserves fell by $4.472 billion to $688.104 billion in the week ended November 21.
• Foreign currency assets declined by $1.69 billion to $560.6 billion.
• Gold reserves decreased by $2.675 billion to $104.182 billion.
• Special Drawing Rights dropped $84 million to $18.566 billion.
• India’s reserve position with the IMF fell $23 million to $4.757 billion.

Headline: International Jaguar Day: November 29

Bullet Points:

• On November 29, we celebrate International Jaguar Day.
• The jaguar *Panthera onca* is the largest feline in the Americas and the third largest in the world, behind only the tiger and the lion.
• With up to 2.5 meters in length and more than 100 kg in weight, the jaguar is a top predator, crucial for maintaining the health and balance of the ecosystems where it lives.
• Brazil is home to the largest jaguar population on the planet, especially in the Amazon and the Pantanal.
• Jaguars mark territory through trees, leaving visual marks as well as chemical ones: glands between their toes release pheromones that remain on the bark, signaling to other individuals that the area is occupied.

Headline: Controller General of Accounts (CGA) releases data on Centre's fiscal deficit at 52.6% of FY26 target by October

Bullet Points:

• The central government’s fiscal deficit stood at 52.6% of the full-year target at the end of October 2025.
• In absolute terms, the fiscal deficit touched Rs 8,25,144 crore in the April–October period of 2025-26.
• For the full year, the Centre pegged the deficit at 4.4% of GDP, or Rs 15.69 lakh crore.
• The government received Rs 18 lakh crore up to October, amounting to 51.5% of the Budget Estimates (BE) for 2025-26.
• Total expenditure stood at Rs 26.25 lakh crore, or 51.8% of the annual estimate.
• Tax devolution to states was Rs 8,34,957 crore between April and October.
• Within revenue expenditure, Rs 6.73 lakh crore went towards interest payments.
• Rs 2.46 lakh crore was spent on major subsidies.

Headline: Piyush Gupta appointed as Temasek Holdings India chairman

Bullet Points:

• Piyush Gupta has been appointed as Temasek Holdings India chairman in an advisory capacity effective December 1, 2025.
• He will work with Ravi Lambah, Temasek's head of India and strategic initiatives, to shape investment strategies and support portfolio companies.
• Gupta previously served as Chief Executive Officer of DBS Group from 2009 until earlier this year.

Headline: Ministry of Statistics and Programme Implementation (MoSPI) estimates India’s Q2 FY26 GDP growth at 8.2%

Bullet Points:

• India’s real GDP expanded 8.2% in Q2 FY26, according to the Ministry of Statistics and Programme Implementation (MoSPI).
• MoSPI estimates India’s first-half (H1) FY26 real GDP growth at 8.0%.
• Real Gross Value Added (GVA) increased 8.1% in Q2 FY26.
• The secondary sector grew 8.1% and the tertiary sector grew 9.2% in Q2 FY26.
• Manufacturing output rose 9.1% in Q2 FY26.
• Financial, real estate, and professional services grew 10.2% in Q2 FY26.
• Real Private Final Consumption Expenditure (PFCE) grew 7.9% in Q2 FY26.
• Government consumption (GFCE) contracted 2.7% in Q2 FY26.
• Gross Fixed Capital Formation (GFCF) rose 7.3% in Q2 FY26.
• Exports grew 5.6% and imports increased 12.8% in Q2 FY26.

Headline: PM Modi Unveiled Tallest Ram Statue in South Goa

Bullet Points:

• Prime Minister Narendra Modi unveiled a 77-feet bronze statue of Lord Ram in Partagali, South Goa.
• The Goa government stated that this 77-feet statue of Lord Ram is the tallest Ram statue in the world.
• Prime Minister Narendra Modi inaugurated the ‘Ramayana Theme Park’ and released a special postal stamp and a commemorative coin.
• Sculptor Ram Sutar made the 77-feet bronze statue of Lord Ram.
• Ram Sutar also designed the Statue of Unity in Gujarat.

Headline: Deepti Sharma becomes costliest player of WPL 2026 auction

Bullet Points:

• Deepti Sharma was picked by UP Warriorz for Rs 3.20 crore.
• Amelia Kerr was bought by Mumbai Indians for Rs 3 crore.
• Shikha Pandey was signed by UP Warriorz for Rs 2.40 crore.
• Charani was snapped up by Delhi Capitals for Rs 1.30 crore.
• Laura Wolvaardt was landed by Delhi Capitals for Rs 1.10 crore.
• Alyssa Healy went unsold in the auction.

Headline: India Global Forum (IGF) launches $250 million fund to globalise Indian brands.

Bullet Points:

• India Global Forum (IGF) announces a first-of-its-kind $250 million fund anchored by Ved Family Office and Ananta Capital.
• The fund targets Indian consumer and industrial brands for expansion into Middle East, Africa, Europe and beyond.
• IGF partners with DP World to provide participating companies access to world-class logistics and market-entry support.

Headline: DoT mandates SIM-device binding, periodic logouts for WhatsApp, Signal, other OTT apps

Bullet Points:

• The Department of Telecommunications (DoT) issued the order under the new Telecommunication Cybersecurity Amendment Rules, 2025.
• All over-the-top (OTT) communication platforms have 90 days to implement continuous SIM-to-device binding.
• Web and app-based platforms must enforce periodic logouts — at least once every six hours — and provide QR-code-based re-authentication.
• These platforms, now designated as Telecommunication Identifier User Entities (TIUEs), must submit a detailed compliance report to the DoT within 120 days.
• Non-compliance could invite action under the Telecommunications Act, 2023, the Telecom Cyber Security Rules, 2024 (as amended), and other laws.

Headline: Ayush Mhatre breaks Rohit Sharma's world record

Bullet Points:

• Ayush Mhatre became the youngest man to score a hundred across all three formats – First-class, List A, and T20, at 18 years and 135 days.
• He surpassed Rohit Sharma, who had scored a First-Class, List A and T20 century by the age of 19 years and 339 days.
• Ayush Mhatre scored an unbeaten 110*(53) for Mumbai against Vidarbha in the Syed Mushtaq Ali Trophy (SMAT) in Lucknow.
• Mumbai won the SMAT match by seven wickets and 13 balls to spare, chasing a 193-run target.
• Ayush Mhatre broke the List A world record as the youngest-ever centurion in the format, aged 17 years and 168 days, scoring 181 against Nagaland.
• He is likely to lead India at the upcoming U-19 World Cup in January 2026.
• Mhatre will be leading India Under-19 at the ACC Men’s Under-19 Asia Cup in Dubai from December 12.
• He made his T20 debut in the IPL 2025 season for the Chennai Super Kings.

Headline: Kidambi Srikanth, Treesa Jolly-Gayatri Gopichand Win Semifinals at Syed Modi International

Bullet Points:

• Kidambi Srikanth won his men's singles semifinal match at the Syed Modi International badminton tournament, defeating compatriot Mithun Manjunath with a score of 21-15 19-21 21-13.
• Treesa Jolly and Gayatri Gopichand won their women's doubles semifinal match, beating Malaysia's Ong Xin Yee and Carmen Ting 21-11 21-15.
• The Syed Modi International badminton tournament is being held in Lucknow.
• Kidambi Srikanth is a former champion of the Syed Modi International (2016) and a 2021 World Championships silver medallist.
• Treesa Jolly and Gayatri Gopichand are the defending women's doubles champions of the Syed Modi International.
• In women's singles semifinals, Unnati Hooda lost to Turkey's Neslihan Arın 15-21 10-21.
• Tanvi Sharma lost her women's singles semifinal to Japan's Hina Akechi 17-21 16-21.
• The mixed doubles pair of Hariharan Amsakarunan and Treesa lost their semifinal to Indonesia's Dejan Ferdinansyah and Bernadine Anindya Wardana 17-21 19-21.

Headline: Rajasthan United FC drub Sikkim Himalayan FC

Bullet Points:

• Rajasthan United FC began their campaign at the 41st Sikkim Governor's Gold Cup with a confident and disciplined 3–0 win against Sikkim Himalayan FC.
• The match was played at the historic Paljor Stadium.
• Goalkeeper Babhindra Malla was awarded the Man of the Match for his exceptional performance and match-winning saves.

Headline: National Coral Reef Research Institute (NCRRI) to be established in Andaman and Nicobar Islands

Bullet Points:

• The government will soon set up the National Coral Reef Research Institute (NCRRI) in the Andaman and Nicobar Islands.
• NCRRI will function as the nodal and monitoring agency for coral reef research across India.
• The Ministry of Environment, Forest and Climate Change will set up the first-of-its-kind centre at Chidiyatapu in South Andaman.
• Coral reefs provide natural coastal protection against storms, working as a cushion against waves.
• The Andaman and Nicobar Islands are one of the four biodiversity hotspots in India.

Headline: India Provides Aid to Sri Lanka Following Cyclone Ditwah

Bullet Points:

• Sri Lanka has made an appeal for international assistance as the death toll from heavy rains and floods triggered by Cyclone Ditwah rose to 132.
• India was the first to respond, sending two planeloads of relief supplies.
• An Indian warship already in Colombo on a previously planned goodwill visit donated its rations to help victims.
• Indian Prime Minister Narendra Modi expressed his condolences over the deaths in Sri Lanka and said New Delhi was ready to send more aid.
• Sri Lankan Prime Minister Harini Amarasuriya had met with Colombo-based diplomats to update them on the situation and seek the help of their governments.

Headline: Pradhan Mantri Surya Ghar Muft Bijlee Yojana (PMSG: MBY): Uttar Pradesh crosses 1 GW residential rooftop solar capacity

Bullet Points:

• Uttar Pradesh becomes the third state after Gujarat and Maharashtra to surpass 1 GW of residential rooftop solar capacity under PMSG: MBY.
• Central subsidy disbursed ₹1,999.26 crore and state subsidy about ₹600 crore to reduce consumer financial burden.
• UP provides ₹15,000 per kW up to 2 kW and total subsidy of ₹1.08 lakh for 3 kW systems, including Centre’s share.
• Subsidy payback period in UP is 20 months for 3 kW, lower than the national average of 30 months.
• Beneficiary households receive up to 300 units of free electricity monthly, cutting monthly bills by ₹800-1,500 in rural and ₹1,500-2,500 in urban areas.
• Scheme has created about 50,000 employment opportunities as registered vendors rose from 81 to 4,200.

Headline: India dispatches 12 tonnes of humanitarian aid to Sri Lanka under Operation Sagar Bandhu

Bullet Points:

• Indian Air Force C-130J aircraft landed in Colombo with nearly 12 tonnes of relief material including tents, tarpaulins, blankets, hygiene kits, and ready-to-eat food items.
• Indian Naval Ship Vikrant and Indian Naval Ship Udaygiri delivered 4.5 tonnes of dry rations and 2 tonnes of fresh rations to cyclone-affected families.
• External Affairs Minister S. Jaishankar stated on X: 'Operation Sagar Bandhu unfolds. Indian Air Force C-130 J plane carrying approx 12 tons of humanitarian aid... lands in Colombo.'
• Prime Minister Narendra Modi posted on X: 'India has urgently dispatched relief materials and vital HADR support under Operation Sagar Bandhu.'

Headline: Nasa-Isro Synthetic Aperture Radar (NISAR) Enters Science Operations Phase

Bullet Points:

• NISAR is a joint Earth-observation mission of Indian Space Research Organisation (ISRO) and National Aeronautics and Space Administration (NASA).
• The 12-meter diameter antenna reflector, developed by NASA, has been successfully deployed and calibrated.
• ISRO released the first S-band radar images, marking the commencement of the satellite’s science phase.
• Initial S-band images captured the Godavari River Delta, demonstrating the satellite’s capability to map vegetation, agriculture, and aquaculture with precision.
• The satellite was launched onboard GSLV-F16 and completed 100 days in orbit on the day of image release.

Headline: Ancient Thorny Bamboo Fossil from Manipur Reveals Ice Age Survival Strategies

Bullet Points:

• A 37,000-year-old fossilized bamboo stem, unearthed in Manipur, reveals early thorn evolution as a defense mechanism against Ice Age herbivores.
• The fossil, found along the Chirang River in Manipur’s Imphal Valley, is the earliest known thorny bamboo in Asia and is assigned to the genus *Chimonobambusa*.
• Researchers from the Birbal Sahni Institute of Palaeosciences (BSIP) analysed the fossil, with findings published in Review of Palaeobotany and Palynology.
• This discovery highlights northeast India's role as a vital biodiversity refuge during climatic shifts, maintaining warm and humid microclimates as part of the Indo-Burma biodiversity hotspot.
• Bamboo, particularly thorny varieties, responds sensitively to temperature, rainfall, and soil conditions, making it a reliable indicator of past environmental parameters and ecologically important in stabilising soil, supporting wildlife, and maintaining forest structure.

Headline: Vivek Chaturvedi appointed Chairman of Central Board of Indirect Taxes and Customs

Bullet Points:

• Vivek Chaturvedi, a 1990 batch Indian Revenue Service (C&IT) officer, has been appointed as the new Chairman of the Central Board of Indirect Taxes and Customs (CBIC).
• He succeeds Sanjay Kumar Agarwal, who superannuated.
• Chaturvedi is currently serving as Member, CBIC Board (Tax Policy and Legal).
• He has earlier served as Director General of Analytics and Risk Management (DGARM) and as Principal Director General of Vigilance and Chief Vigilance Officer for the Board.

Headline: International Monetary Fund (IMF) Retains C-Grade for India’s National Account Statistics

Bullet Points:

• The International Monetary Fund (IMF) retained a C-grade for India’s national account statistics, or GDP data, in its annual staff report for India for 2025.
• A C-grade signifies that data provided to the IMF possess “some shortcomings that somewhat hamper surveillance”.
• The Ministry of Statistics and Programme Implementation (MoSPI) reported India’s GDP growth rate surged to a six-quarter high of 8.2 per cent in July-September, from 7.8 per cent in April-June.
• The IMF staff recommended regular revisions of national accounts, prices, and other key statistics, conducting the population census on a priority basis, and timely provision of consolidated general government fiscal accounts.
• The Indian government plans to launch the new GDP and Consumer Price Index (CPI) series in February 2026.
• India's national accounts received a C rating, while the overall rating from the IMF was a B, with prices, government finance statistics, external sector statistics, monetary and financial statistics, and inter-sectoral consistency all receiving B ratings.
• The IMF's current four-tier rating system was implemented in 2024, with India receiving its first B overall rating in the 2024 Article IV consultation report.
• The last update to the GDP series by the Ministry of Statistics and Programme Implementation (MoSPI) occurred in early 2015.
• The IMF's 2023 report identified India’s GDP series with 2011-12 as the base year as “outdated” and recommended its rebasing “as soon as feasible”.
• The new GDP series will use 2022-23 as the base year, with the first quarterly number expected on February 27, 2026.
• The first CPI inflation number under the updated series, based on the Household Consumption Expenditure Survey for 2023-24 with 2024 as the base year, will be released on February 12, 2026.
• The Reserve Bank of India (RBI) plans to release Balance of Payments data on a monthly basis.

Headline: Vietnamese film Skin Of Youth wins Golden Peacock at International Film Festival of India in Goa

Bullet Points:

• Vietnamese film Skin Of Youth, written and directed by Ash Mayfair, emerged as the recipient of the Golden Peacock for Best Feature Film at the 56th International Film Festival of India (IFFI).
• The Golden Peacock Award included a cash prize of Rs 40 lakh.
• Set in 1990s Saigon, Skin Of Youth is about San, who wants to have enough money for a sex-change operation to fulfil her dream of living in a woman's body.

Headline: Lt Col Roopa A and Lt Col Dilna K won CNN-News18's Youth Icon Award

Bullet Points:

• Lt Col Roopa A and Lt Col Dilna K received the CNN-News18 Youth Icon Award.
• They were honored for completing a historic circumnavigation as the first Indian duo to sail around the globe in double-handed mode aboard INSV Tarini under the Navika Sagar Parikarma II mission.
• They completed a nearly 250-day voyage aboard INSV Tarini, covering 25,400 nautical miles (50,000 km), crossing four continents, three oceans, and three Great Capes.
• They are the first Indian duo to circumnavigate the globe in double-handed mode.
• The 15th edition of the CNN-News18 Indian of the Year was held on Friday, November 28.
• Lt Col Dilna K hails from Kozhikode, Kerala, and was commissioned into the Indian Navy’s Logistics branch in June 2014, having excelled in national-level rifle shooting through the National Cadet Corps (NCC).
• Lt Col Roopa A is from Pondicherry and joined the Indian Navy in June 2017, having previously pursued aeronautical engineering at Anna University and worked at the National Aerospace Laboratories in Bengaluru.

Headline: Telangana Eagle Force, NCB, Delhi Police Crime Branch and Noida Police conduct nationwide raids against Nigerian drug cartel

Bullet Points:

• The sleuths of Telangana Eagle Force in coordination with Narcotics Control Bureau (NCB), Delhi Police Crime Branch and with support of Noida Police, executed a massive multi-state operation against a Nigerian drug cartel operating across India.
• In coordinated raids across 20 locations in Delhi, more than 50 overstaying Nigerians were arrested, along with key cartel operatives in Noida, Gwalior and Visakhapatnam.
• The operation led to the seizure of 5,340 ecstasy pills, 250 grams of cocaine, 109 grams of Heroin, 250 grams of Methamphetamine from four locations, all worth Rs.3.5 crore.
• A total of 59 mule accounts were uncovered during the investigation, along with individuals responsible for deposits, withdrawals, and coordination with handlers abroad.
• Around Rs.15 crore had been deposited into six of Badruddin's accounts and withdrawn almost immediately, indicating active money laundering.

Headline: PM Surya Ghar Muft Bijli Yojana: IMD Mausam Bhawan 771 kWp Solar Power System

Bullet Points:

• IMD has installed a 771 kWp solar power system across the Mausam Bhawan Complex comprising 1,315 solar panels through NBCC.
• The initiative supports national goals under the PM Surya Ghar Muft Bijli Yojana and contributes to India’s net-zero commitments.
• Generated power is expected to exceed IMD’s consumption needs and can be fed back to the grid, enabling both environmental and economic gains.

Headline: Afghan Minister of Industry and Commerce Alhaj Nooruddin Azizi concludes successful India visit

Bullet Points:

• Afghan Minister of Industry and Commerce Alhaj Nooruddin Azizi led a trade delegation to India from November 19-25.
• Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal termed the visit “a very successful one and productive one”.
• Azizi held bilateral talks with External Affairs Minister S Jaishankar and Union Commerce and Industry Minister Piyush Goyal.
• India and Afghanistan announced initiation of an air-freight corridor on the Kabul-Delhi and Kabul-Amritsar sectors.
• Both sides reactivated the Joint Working Group on Trade, Commerce and Investment and agreed to explore collaboration in mining and other high-value sectors.
• Commercial representatives will be deputed to respective embassies and a joint chamber of commerce and industry will be institutionalised.

Headline: Utkarsh Small Finance Bank (Utkarsh SFBL) partners with Axis Securities to launch 3-in-1 account.

Bullet Points:

• Utkarsh Small Finance Bank (Utkarsh SFBL) has partnered with Axis Securities to launch a 3-in-1 account that integrates a savings account with Utkarsh SFBL and a demat and trading account with Axis Securities.
• Customers can access the 3-in-1 account through branch services, Internet Banking, Mobile Banking, and assisted services.
• Axis Securities will provide technology-led trading platforms, research insights, and flexible brokerage plans to support customer investment needs.
• Govind Singh, Managing Director & CEO of Utkarsh SFBL, stated the partnership strengthens the bank’s service offerings, enabling customers to invest and build wealth through a unified platform.
• Pranav Haridasan, MD & CEO of Axis Securities, added that the partnership aims to make investing simpler, intuitive, and more accessible for Utkarsh customers.

Headline: Paschal Donohoe appointed Managing Director and Chief Knowledge Officer of World Bank Group

Bullet Points:

• Paschal Donohoe has been appointed as the Managing Director and Chief Knowledge Officer of the World Bank Group (WBG).
• Donohoe has been serving as Ireland’s Minister for Finance.
• He also served as President of the Eurogroup, the collective of eurozone finance ministers.
• Before entering politics, he worked for nearly a decade at Procter & Gamble.
• Donohoe is expected to oversee the WBG’s “Knowledge Bank.”
• In his new position, Donohoe will be responsible for expanding the WBG’s engagement with governments, civil society groups, foundations and philanthropic organisations.
• He will also guide how the institution gathers and applies expertise in regulation, technology and development practices across its global operations.
• The Irish politician has received the European of the Year award from the European Movement Ireland and the French government’s Chevalier de la Légion d’Honneur.