Current Affairs

10 August, 2020

International

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National

IBBI amends the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and
Bankruptcy Board of India has amended the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 by Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020.
ii.As per the amendment, for initiating voluntary liquidation process the corporate person may replace the liquidator by appointing another insolvency professional as liquidator by a resolution of members or partners, or contributories, as the case may be.

Ramesh Pokhriyal Inaugurates Two Day Global Conference on Reimagining and Transforming the University Organised by O.P. Jindal Global University

Ramesh Pokhriyal ‘Nishank’, Union Minister for Education inaugurated the global conference on “Reimagining and Transforming the University: Confluence of Ideas during and Beyond the COVID-19 Disruption” hosted by O.P. Jindal Global University (JGU) and International Institute for Higher Education Research and Capacity Building (IIHEd) on 6th and 7th August 2020.

Economy

SEBI revised IFSC guidelines, 2015’ eligibility, shareholding limit for clearing corp at IFSC

the Securities and Exchange Board of India (SEBI) amended the clause 4 (2) of SEBI international financial services centre (IFSC) guidelines, 2015 pertaining to eligibility criteria and shareholding limit for clearing corporations that wish to operate in such centres.

Sports

ICC Retains India as the Host of 2021 Cricket World Cup & Australia to Host 2020 World Cup in 2022

International Cricket Council(ICC) confirmed that India will host the T20 Cricket World Cup 2021 in October – November 2021 as the Board of Control for Cricket in India(BCCI) retained the hosting rights and Australia will host the 2020 World Cup edition, which was postponed due to the global pandemic in 2022.
ii.ICC also confirmed that the 2021 Women’s One Day International (ODI) World cup in New Zealand scheduled for 6th February – 7th March 2021 has been postponed until February- March 2022 due to COVID-19 pandemic.

Miscellaneous

Union Minister of Textiles, Smriti Irani launches Mobile App & Backend Website for Handloom Mark Scheme

The Union Minister of Textiles and Women & Child Development, Smt Smriti Zubin Irani, launched the Mobile App & Backend Website for Handloom Mark Scheme (HLM) for the weavers on the occasion of 6th National Handloom Day held virtually on 7th August, 2020, organized by the Ministry of Textiles, GoI (Government of India).

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