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Here we present one-liner latest current affairs 2020 for the upcoming examination. Current affairs play an important part in cracking any examination so stay tuned to Exam Together and keep revising things. For previous current affairs compilation Click Here
- RBI new guidelines for uniform compliance at a bank with CCO
The Reserve Bank of India (RBI) came up with new guidelines for the appointment of Chief Compliance Officer (CCO) in banks to ensure effective compliance culture, independent corporate compliance function, and a strong compliance risk management programme at bank and group level.
The CCO shall be appointed for a minimum fixed tenure of not less than 3 years. The CCO shall be a senior executive of the bank, preferably in the rank of a General Manager or an equivalent position (not below two levels from the CEO). The CCO could also be recruited from market.
The central bank further said that there shall not be any ‘dual hatting’, which means the CCO shall not be given any responsibility which brings elements of conflict of interest, especially the role relating to the business.
The compliance function shall be subject to internal audit.
The Reserve Bank of India was established on April 1, 1935. Headquartered in Mumbai. RBI was established in accordance with the provisions of the Reserve Bank of India Act, 1934. Reserve Bank of India was initially established in Kolkata but was permanently moved to Mumbai in 1937. In 1949 RBI was nationalized.
Present Governor of RBI: Shri Shaktikanta Das.
India ranked 105th in Economic Freedom of the World Report 2020
Image Source: Fraser Institute
Recently Canada's Fraser Institute released The Economic Freedom of the World Report 2020, in which India slips 26 spots to the 105th position. The country was at the 79th spot in last year's rankings.China has been ranked lower than India at the 124th position. Hong Kong and Singapore retain the top two positions with a score of 8.94 and 8.65 out of 10, respectively.Since the first publication in 1996, numerous studies have used the data published in Economic Freedom of the World to examine the impact of economic freedom on investment, economic growth, income levels, and poverty rates. This report helps to measure economic freedom in an economy.India reported a marginal decrease in the size of government from 8.22 to 7.16.A score closer to 10 indicates a higher level of economic freedom.Daily GK Update
- India to host Council of Heads of Government (CHG) of Shanghai Cooperation Organisation in New Delhi.
- Citigroup named Jane Fraser as first woman CEO replacing Michael Corbat.
- Poshan Mela organised at Tai suru by Integrated Child Development Services (ICDS).
- PM Modi inaugurated Pradhan Mantri Awaas Yojana through a programme called "Grih Pravesh"
- 13th edition of Aero India-21 to be held at AFS, Yelahanka, Bengaluru.
- Meghalaya state government launched India's largest "Piggery Mission" to reduce the annual import of pork Rs 150 crores.
- India ranked 105th in Economic Freedom of the World Report 2020, released by Cananda's Fraser Institute.
- 12 September: International Day for South-South Cooperation. The day celebrates the developments made in the regions and countries in the south.
- UNICEF'S appointed Ayushman Khurrana as Celebrity Advocate in India
- SEBI shortlists Wipro, Airtel, and others to revamp its IT infrastructure.
- India to host Council of Heads of Government (CHG) of Shanghai Cooperation Organisation in New Delhi.
- Subhash Kamath elected as chairman of Advertising Standards Council of India (ASCI)
- British Actress Diana Rigg passes away.
- Asian Development Bank approved $50 million loan to Bangladesh.
- Iran's military begins exercise Zolfaghar-99 in the Sea of Oman.
- Heritage Tourism policy announced by Gujarat state government.
- Moody's projected Indian Economy GDP to shrink 11.5% in FY21
- Swami Agnivesh, Arya Samaj leader passes away.
- Jammu & Kashmir residents to get free health insurance.
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