CURRENT AFFAIRS

Detailed explanation-1: -Kotak Bank at new high, Canada Pension Plan allowed to up stake. The Reserve Bank of India on Tuesday said it has granted approval to Canada Pension Plan Investment Board (CPPIB) for acquiring shares in excess of 5 percent and below 10 percent of the paid up capital of Kotak Mahindra Bank.

Detailed explanation-2: -We are invested globally across public equities, private equities, bonds, private debt, real estate, infrastructure and other areas. We are committed to disclosing timely information about our investment activities.

Detailed explanation-3: -CPP Investments operates at arm’s length from federal and provincial governments with the oversight of an independent, highly qualified professional Board of Directors. CPP Investments management reports not to governments, but to the CPP Investments Board of Directors.

Detailed explanation-4: -CPPIB reported this summer that it has $21.72 billion invested in fossil fuel producers. It is deeply entangled with the fossil fuel industry through its board and staff. A long-time member of CPPIB’s global leadership team is now CEO of the Canadian Association of Petroleum Producers.