DAILY GK 27 MAY 2019

DAILY GK 27 MAY 2019

1. GOVERNMENT PLANS TO MERGE CSO AND NSSO

✔Central government has decided to merge two institutions the Central Statistical Organisation and the National Sample Survey Office to create new statistical body National Statistical Office under Ministry of Statistics and Programme Implementation).

2. SWEDEN TO HOST WORLD LEADERS CONFERENCE TO COMBAT ANTI-SEMITISM IN OCTOBER 2020

✔Swedish Prime Minister Stefan Lofven announced that Sweden will host an International Conference against Anti-Semitism in memory of the Holocaust in October 2020. It will held in Malmo, Southern Sweden.

3. SEBI CONSTITUTED PANEL SUGGESTED SIGNIFICANT CHANGES TO FPI REGULATIONS

✔Securities and Exchange Board of India constituted panel suggested significant changes to Foreign Portfolio Investors Regulations including simplified registration requirements for certain categories and barring entities that fail to furnish beneficial ownership details.

✔The working group on SEBI (Foreign Portfolio Investors) Regulations, 2014 headed by former RBI deputy governor R Khan after consultations with various stakeholders had submitted the report.

4. RBI MODIFIED THE NORMS ON VRR INVESTMENT BY FPIS

✔Reserve Bank of India has modified the norms on Voluntary Retention Route investment by Foreign Portfolio Investors by fixing the investment limit at Rs. 54,606.55 crore.

✔Now FPIs can invest up to Rs 54,606.55 crore under the VRR, which allows to park funds in both government securities as well as corporate debt.

5. WIRECARD TEAMS UP WITH INDIA TO ISSUE PAN CARDS

✔Wirecard, a German Payments Company announced that it would work with India to simplify the process of issuing tax identity cards which required for opening bank accounts, transfer money and complete business transactions.

6. LIEUTENANT GENERAL SHAILESH TINAIKAR OF INDIA APPOINTED TO HEAD UN PEACEKEEPING OPERATION IN SOUTH SUDAN

✔The commandant of the Indian Army Infantry School, Lieutenant General Shailesh Tinaikar has been appointed as the new force commander of the United Nations Mission in South Sudan by the UN Secretary General Antonio Guterres.