Current Affairs - December, 2018

Latest Current Affairs December, 2018 with Current Affairs, news summary on current events of National and International importance of December, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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CAG Rajiv Mehrishi appointed as Vice-Chair of UN Panel of Auditors      

Comptroller and Auditor General (CAG) Rajiv Mehrishi was elected as Vice-Chair of United Nations (UN) Panel of Auditors at its annual meeting held in New York. In this meeting CAG of UK was also appointed as Chair of Panel for another term (2019). The meeting discussed various issues concerning audit of United Nations and the agencies under the United Nations System. The next meeting  will be held in in Bonn, Germany in November-December 2019.

United Nations Panel of Auditors

It was established by UN General Assembly Resolution 1438 (XIV) in 1959. Its main objectives are to further co-ordination of audits for which its members are responsible and to exchange information on audit methods and findings.

It is made up of members of United Nations Board of Auditors and external auditors of Specialized Agencies of UN and of International Atomic Energy Agency. Currently, it is chaired by CAG of UK and consists of 11 countries — India, Germany, Chile, Canada, France, Italy, Philippines, Ghana, Indonesia, Switzerland and United Kingdom.

It may submit to executive heads of organisations audited any observations or recommendations in relation to accounts and financial procedures of organisation concerned. The executive heads of articipating organisations may also, through their auditors submit requests to it for its opinion or recommendation on any matter within its competence.

Month: Categories: India Current Affairs 2018

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Economist Surjit Bhalla resigns from Prime Minister’s Economic Advisory Council

Eminent economist and columnist Surjit Bhalla has resigned as part-time member of Economic Advisory Council to the Prime Minister(EAC-PM). His resignation comes day after Reserve Bank of India (RBI) governor Urjit Patel, quit abruptly after months-long tussle over policy with government.

Prime Minister’s Economic Advisory Council (PMEAC)

PMEAC is non-constitutional and non-statutory, non-permanent and independent body, constituted with the prime and sole aim to analyse all critical issues, economic or otherwise, referred to it by the prime minister and advising him thereon. It is mandate to give advice to prime minister on economic matters such as inflation, GDP changes, export-import changes, creating supporting environment for increased trade and commerce.

Functions

Submit periodic reports to PM related to macroeconomic developments and issues which will have implications of the economic policy. Analyse any topics, issues assigned by the PM and provide advice to them. Analyse macroeconomic issues having high importance and present the views to PM and any other task which is assigned by Prime Minister.

Current Composition of PMEAC: It is headed by Niti Aayog member Bibek Debroy. Economists Rathin Roy, Ashima Goyal and Shamika Ravi are other part-time members.

Month: Categories: Persons in News 2018

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