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Rajiv Rai Bhatnagar appointed CRPF chief

IPS officer Rajiv Rai Bhatnagar has been appointed as the Director-General of the Central Reserve Police Force (CRPF). The appointment has come two days after 25 CRPF personnel were ambushed by Naxals in Chhattisgarh’s Sukma district. The CRPF was functioning without a head for the past two months after the retirement of K. Durga Prasad on February 28, 2017.

Rajiv Rai Bhatnagar is a 1983 batch IPS officer belonging to the Uttar Pradesh cadre. He is the Director General of the Narcotics Control Bureau.

In another key appointment, IPS officer R.K. Pachnanda has been named the director general of the Indo-Tibetan Border Police (ITBP). R.K. Pachnanda is a 1983 batch IPS officer of West Bengal cadre. He will take charge after the retirement of Krishna Chaudhary in June-end.

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Manhar Valji Bhai Zala assumes charge as new Chairperson of National Commission for Safai Karamcharis

Former BJP legislator from Gujarat Manhar Valjibhai Zala has assumed charge as Chairperson of the National Commission for Safai Karamcharis (NCSK).

Along with him, two other members Dilip Kallu Haathived from Maharashtra and Manju Diler from Uttar Pradesh also took charge as members of the NCSK.

About National Commission for Safai Karamcharis (NCSK)

  • The NCSK was established in 1994 to deal with the grievances of persons engaged in manual scavenging. It has a sanctioned strength of four members and a chairperson.
  • It is statutory body established under National Commission for Safai Karamcharis Act, 1993. It aims to promote and safeguard the interests and rights of Safai Karamcharis.
  • Its mandate is to study, evaluate and monitor the implementation of various schemes for Safai Karamcharis as an autonomous organisation.

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Senior IAS officer Ajay Tyagi appointed as SEBI Chairman

The Appointments Committee of the Cabinet (ACC) has appointed senior bureaucrat Ajay Tyagi (58) as the new chairman of the Securities and Exchange Board of India (SEBI).

Mr. Tyagi will have tenure of 5 years or till the age of 65 years or until further orders. He will succeed UK Sinha whose term ends on March 1, 2017. His name was recommended by the search-cum-selection panel headed by the cabinet secretary along with some other candidates.

About Ajay Tyagi

  • Ajay Tyagi is 1984 batch IAS (Indian Administrative Services) officer of Himachal Pradesh cadre.
  • Prior to this appointment, he was Additional secretary (investment) in the Department of Economic Affairs, Ministry of Finance, handling the capital market division.
  • He had served as the chairman of the finance ministry-appointed panel which monitored the merger of the Forward Markets Commission (FMC) with the SEBI.
  • He had represented India at the Financial Action Task Force (FATF), an intergovernmental body set up to combat money laundering, terror financing and other related threats.
  • Currently he is also representing India at the Financial Stability Board (FSB), an international body to monitor global financial systems. He also had led the initiatives on corporate bonds markets.

About Securities and Exchange Board of India (SEBI)

  • SEBI is the statutory regulator for the securities market in India established in 1988. It was given statutory powers through the SEBI Act, 1992.
  • Mandate: Protect the interests of investors in securities, promote the development of securities market and to regulate the securities market.
  • SEBI has is responsive to needs of three groups, which constitute the market, issuers of securities, investors and market intermediaries.
  • It has three functions: quasi-legislative (drafts regulations in its legislative capacity), quasi-judicial (passes rulings and orders in its judicial capacity) and quasi-executive (conducts investigation and enforcement action in its executive function).
  • Headquarters: Mumbai, Maharashtra.

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