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- G. Raghuram was appointed director of Indian Institute of Management Bangalore. Prof. Raghuram was a faculty at the IIM Ahmedabad since 1985.
- Swedish aircraft manufacturer SAAB plans to offer the maritime variant of its Gripen single engine fighter jet in response to the Navy’s tender for 57 carrier-based aircraft.
- Senior bureaucrat Ajay Tyagi has been appointed as the new chairman of the Securities and Exchange Board of India (SEBI) for a period of five years. He will replace U.K. Sinha whose term ends on March 1.
- Advanced Air Defence (AAD) interceptor missile dubbed as Ashwin was successfully test-fired from launching complex-IV of Dhamara Abdul Kalam defence base off Odisha coast.
- The Pakistan Navy has kicked of its biannually-held multinational AMAN 2017 naval exercise in Karachi, Pakistan. 37 countries are participating in the international event.
- India ranked a low 43rd among the surveyed 45 nations in the 2017 International Intellectual Property Index (IIPI). In this edition, India is just above Pakistan (44th) and Venezuela (45th). The fifth annual index was released by the US Chamber of Commerce’s Global Intellectual Property Centre (GIPC) in its report titled ‘The Roots of Innovation’.
- The Union Government is planning to set up a Defence Procurement Organisation (DPO), a new procurement body to integrate and streamline the long and arduous process of defence acquisitions. The DPO will be a vertical under the Union Defence Ministry. It will simplify the defence purchase procedure by integrating procurement processes.
- Senior journalist and television commentator Karan Thapar will be conferred the G.K. Reddy Memorial National Award 2016 for excellence in journalism. Congress President Sonia Gandhi will present the award to Mr. Thapar at an event, which will be presided over by veteran leader Dr. Karan Singh, who is the award committee’s chairman. The award carries a cash prize of Rs. 5 lakh, a gold medal and a special trophy. Mr. Thapar is the president of ITV, a production house that makes programmes for the BBC, Doordarshan and Channel News Asia. He is currently associated with India Today.