Persons in News Current Affairs - 2019

Latest Persons in news Current Affairs 2019. National and International Personalities in news Current Affairs 2019, India and world Persons in news Current Affairs 2019 with all important national updates and events for the year 2019.

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Soma Roy Burman appointed new Controller General of Accounts 

Government has appointed Soma Roy Burman, as 24th Controller General of Accounts (CGA) of India with effect from 1 December 2019. With this appointment she has now become 7th woman to hold this position.

About Soma Roy Burman

She is a 1986-batch Indian Civil Accounts Service Officer (ICAS). During her 3 decade long career, she held cadre positions at different levels in ministries including Information & Broadcasting, Home Affairs, Finance, Human Resource Development, Shipping, Road Transport & Highways and Industry.

Prior to being appointed CGA, she has served as Additional Controller General of Accounts (ACGA) in office of CGA, handling critical areas of accounting rules, financial reporting, data analytics, policy and reforms, cash and budget management.

About Controller General of Accounts (CGA)

CGA of India is principal advisor to Union Government on accounting matters. It is central accounting and reporting agency for government and is responsible for establishing and managing a sound management accounting system. It is also responsible for preparation and submission of accounts of Union Government and exchequer control and internal audits. It also heads Indian Civil Accounts Organisation (ICAO) under Department of Expenditure, Union Ministry of Finance. CGA is assisted by officers of Indian Civil Accounts Service (ICAS).

Former RBI deputy governor H R Khan to chair Micro-Finance panel

H R Khan, former deputy governor of Reserve Bank of India (RBI) has been appointed as first chairman of steering committee panel on Code for Responsible Lending (CRL) in Micro-Credit. Members of panel include: P Satish of Sa-Dhan, Sonia Krishnankutty of L&T Finance, Harsh Shrivastava of MFIN and Srinivas Bonam of IndusInd Bank among others.

About Code for Responsible Lending (CRL)

It is a self-regulatory step for micro-credit industry making diverse entities such as banks, Non-Banking Financial Company – Micro Finance Institution (NBFC-MFI) and NBFCs, adhere to standards of customer protection.

CRL was launched in September 2019 by Micro-finance Institutions Network (MFIN) and Sa-Dhan, an RBI-recognised association of microfinance institutions (MFIs), along with Finance Industry Development Council, an association of NBFCs. It was envisaged to be guided and supervised by a steering committee representing banks, Small Finance Banks (SFBs), NBFC-MFIs, NBFCs and industry associations under an eminent independent chair.