ACC Current Affairs - 2020
The Appointments Committee of Cabinet (ACC) has appointed Lt-General A K Bhatt as the new director-general of military operations (DGMO).
He will succeed Lt-General Ranbir Singh who has been promoted and will take over 1 Corps (headquarters at Mathura), command of a strike corps on the Western border.
Lt-General A K Bhatt will be in charge of all army operations including on the LoC which has seen heightened tension.
He belongs to the Gorkha Rifles. Earlier he had served in the military operations directorate as a brigadier. Prior to this appointment he was posted as the additional director general of the complaints and advisory board at the Army HQ. Earlier he had commanded the 21 Division in Assam.
In September 2016, Lt-General Ranbir Singh along with foreign Secretary had declared Army Special Forces had conducted surgical strikes against terror launch pads at five separate locations in Pakistan-occupied-Kashmir (PoK) on 29 September 2016.
Note: 1 Corps of Indian Army is one of the three assault forces of the army — which is mandated to cross into Pakistan in a short notice. Other two are 2 Corps (Ambala) and 21 Corps (Bhopal). In all, the Army has 14 Corps under six operational or regional commands. The fourth is the new 17 Mountain Corps being raised as a deterrent against China.
The Union Government has appointed Praveen Kumar Sharma as the Central Registrar (CR), Managing Director (MD) and Chief Executive Officer (CEO) of Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).
He was appointed by the Appointments Committee of Cabinet (ACC) for the tenure of three years. Prior to this appointment he was Sharma General Manager at State Bank of India (SBI).
About Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)
- CERSAI is a central online security interest registry of India. It is a Government company licensed under section 25 of the Companies Act, 1956. Its headquarters is in New Delhi.
- It was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks
- CERSAI provides the platform for filing registrations of transactions of securitization, asset reconstruction and security interest by the banks and financial institutions.
- Any person can also search and inspect the records maintained by the registry on payment of prescribed fees.