Latest Current Affairs 2020 : 12th September, 2020

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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

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• 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

1. India to host Council of Heads of Government (CHG) of Shanghai Cooperation Organisation in New Delhi.
2. Citigroup named Jane Fraser as first woman CEO replacing Michael Corbat.
3. Poshan Mela organised at Tai suru by Integrated Child Development Services (ICDS).
4. PM Modi inaugurated Pradhan Mantri Awaas  Yojana through a programme called "Grih Pravesh"
5. 13th edition of Aero India-21 to be held at AFS, Yelahanka, Bengaluru.
6. Meghalaya state government launched India's largest "Piggery Mission" to reduce the annual import of pork Rs 150 crores.
7. India ranked 105th in Economic Freedom of the World Report 2020, released by Cananda's Fraser Institute.
8. 12 September: International Day for South-South Cooperation. The day celebrates the developments made in the regions and countries in the south.
9. UNICEF'S appointed Ayushman Khurrana as Celebrity Advocate in India
10. SEBI shortlists Wipro, Airtel, and others to revamp its IT infrastructure.
11. India to host Council of Heads of Government (CHG) of Shanghai Cooperation Organisation in New Delhi.
12. Subhash Kamath elected as chairman of Advertising Standards Council of India (ASCI)
13. British Actress Diana Rigg passes away.
14. Asian Development Bank approved $50 million loan to Bangladesh.
15. Iran's military begins exercise Zolfaghar-99 in the Sea of Oman.
16. Heritage Tourism policy announced by Gujarat state government.
17. Moody's projected Indian Economy GDP to shrink 11.5% in FY21
18. Swami Agnivesh, Arya Samaj leader passes away.
19. Jammu & Kashmir residents to get free health insurance.

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CCI approved acquisition of 20% stake of Piramal Pharma Limited by CA Clover Investments

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      In this article, we have discussed today's current affairs in a detailed manner so that you get complete information on all the important news and valuable content in one place. 

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CCI approved acquisition of 20% stake of Piramal Pharma Limited by CA Clover Investments

The Competition Commission of India (CCI) approves proposed acquisition of 20 percent of the issued and paid-up equity share capital of the Piramal Pharma Limited by CA Clover Intermediate II Investments (Curie)

The transfer of equity stake will take place through the Group's Special purpose vehicle Curie, Curie is a special purpose acquisition vehicle, owned and controlled by investment funds advised by the affiliates of the Carlyle Group Inc. (“Carlyle Group”).

Carlyle will pick up 20 percent stake in Piramal Enterprises subsidiary Piramal Pharma for $490 million (Rs. 3,700 crores)

The Carlyle Group is a global alternative asset manager whose affiliated investment funds own and control Curie.

The Piramal Group was founded in 1984. Headquartered in Mumbai. Ajay Piramal is the chairman of the Piramal Group.

Latest Current Affairs 2020 : 11th September, 2020

 Hello Readers,

  Current Affairs plays a very important role in cracking any examination. As we all are aware of the fact that current affairs questions have been asked in exams like CGL, RRB NTPC, IBPS, RBI, and UPSC, etc. So we need to prepare it well. Here is the Current Affairs update of  11th September to help you prepare for the examination. 

1. Hubballi railway station to be renamed as Shree Siddharoodha Swamiji.
2. DRDO has developed P-7 Heavy Drop System.
3. Department of Posts GoI launched "Five Star Villages" to ensure 100% rural coverage of postal schemes.
4. Golden Temple gets FCRA (Foreign Contribution Regulation Act).
5. NSDC, LinkedIn partner to provide Digital Skills Training for youth.
6. Minister of State for Housing and Urban Affairs, Shri Hardeep Singh Puri launched CSCAF 2.0 (Climate Smart Cities Assessment Framework.
7. "iStartup 2.0" has been launched by ICICI Bank to cater to banking needs of startups and entrepreneurs.
8. Union Ministry of Shipping launched a dispute redressal mechanism SAROD. SAROD - Society for Affordable Redressal of Disputes.
9. United States canceled 1000 Chinese Student's Visa.
10. India's first integrated air ambulance service launched by Karnataka.
11. Poonam Khatri crowned Wushu World Champion.
12. India-China agreed on five-point plan to resolve border tension and quick disengagement of troops.
13. US President Donald Trump rules out extension of TikTok deadline.
14. Minister of Sate for External Affairs V Muraleedharan attended 10th East Asia Summit Foreign Minister meet virtually.
15. First time in the history Taliban and the Afghan government to hold a meeting.
16. Mastercard has launched "Central Bank Digital Currency" testing platform.
17. CARE Ratings projects Indian Economy GDP to contract by 8-8.2 % in FY21.

Revising the Current Affairs daily is imperative to ensure that you remember whatever you have learned.

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Current Affairs 10th September 2020

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Latest Current Affairs 2020 : 10th September, 2020

  Hello Readers,

  Current Affairs plays a very important role in cracking any examination. As we all are aware of the fact that current affairs questions have been asked in exams like CGL, RRB NTPC, IBPS, RBI, and UPSC, etc. So we need to prepare it well. Here is the Current Affairs update of 10th September to help you prepare for the examination. 

1. SBI to launch loan product 'SAFAL' for organic cotton growers. SAFAL- Safe and Fast Agriculture Loan.
2. Union Minister of Agriculture flagged off South India's First Kisan Rail from Anantapur to Delhi.
3. Union Minister of Youth Affairs and Sports Kiren Rijiju holds a virtual meeting with World Anti-Doping Agency (WADA) President.
4. Andhra Pradesh launches 'YSR Sampoorna Poshana' and 'YSR Sampoorna Poshana Plus'.
5. 10th September: World Suicide Prevention Day. The day is observed since 2003 by the International Association for Suicide Prevention (IASP) and WHO.
6. Finance Minister declared EASE 2.0 Index results. Bank of Baroda tops EASE 2.0 Index by IBA.
7. Ministry of Education to organize a 2-day conclave under "Shikshak Parv".
8. CCEA approved Asset Monetization of Power Grid Corporation India Limited through Infrastructure Investment Trust (InvIT).
9. Labour & Employment Minister Santosh Kumar Gangwar virtually chaired the 227th Meeting of Central Board of Trustees of Employees' Provident Fund.
10. First India-France-Australia Trilateral Dialogue held virtually to enhance cooperation in the Indo-Pacific Region.
11. Finance Minister launched Doorstep Banking Services by Public Sector Banks (PSBs).
12. Paresh Rawal becomes the new chairman of National School of Drama (NSD).
13. Playerzpot appointed cricketers Bhuvbeshwar Kumar and Smriti Mandhana as ambassadors.
14. India & Japan signed MoU on Reciprocal Provision of Supplies & Services.
15. Atal Innovation Mission launched Aatmanirbhar Bharat ARISE-ANIC Initiative. ANIC- Atal New India Challenges.
16. Union Minister for Social Justice and Empowerment Inaugurated R&D Building of ALIMCO (Artificial Limbs Manufacturing Corporation of India), Kanpur.
17. PM held virtual conversation ‘Svanidhi Samvaad’ with street vendors from Madhya Pradesh.
18. Employees’ Provident Fund Organisation to credit 8.5% to its subscribers for 2019-20 in two tranches.
19. CRISIL projected Indian Economy GDP to shrink by 9%.
20. NASSCOM expects Indian Engineering Research and Development Services ER&D sector to grow to $75 billion by 2025.
21. NABARD to disburse Rs. 1.20 lakh crore crop loan this fiscal 2020-2021.
22. Rafales Jet formally inducted into Indian Air Force at Ambala.
23. Reliance Industries tops $200 market capitalization.

Revising the Current Affairs daily is imperative to ensure that you remember whatever you have learned.

Share it with your friends.

You can also check the Current Affairs for the previous days from the link below:

Current Affairs 9th September 2020

Prepare Well.

Exam Together.