- 11 January 2023
- By GyanOk
Daily Current Affairs Notes for 11 January 2023
Golden Globes Winners 2023 announced, check the complete list
RBI Lists 6 Rating Agencies for Banks’ Capital Adequacy Purposes
The Reserve Bank of India on Monday released a list of domestic credit rating agencies banks are advised to use for risk weighting their claims about capital adequacy.
The central bank listed Acuite Ratings & Research Limited, Credit Analysis and Research Limited (CARE), CRISIL Ratings Limited, ICRA Limited, India Ratings and Research Private Limited, and INFOMERICS Valuation and Rating Pvt Ltd.
The RBI’s list comes after the fiasco surrounding Brickworks Ratings India Private Limited, which had its licence cancelled by the Sebi in October 2022 for allegedly violating rules.
The Sebi directed the credit rating agency to wind down its operations within six months and barred it from taking any new clients.
In October, the RBI had also issued instructions with regard to how banks would approach the matter.
“Regulated Entities/ Market Participants were advised that in respect of ratings/credit evaluations required in terms of any guidelines issued by the Reserve Bank, no such fresh ratings/evaluations shall be obtained from Brickwork Ratings India Private Limited. Banks shall continue to be guided by the press release ibid till further review,” the RBI said.
Regulators had highlighted several violations by Brickwork, including failure to follow a proper rating process and exercise due diligence while providing ratings.
The Sebi inspected Brickwork for the periods April 2014 to September 2015 and April 2017 to September 2018, observing contraventions that led to initiation of separate adjudication proceedings against the agency.
Subsequently, the Sebi undertook a joint inspection with RBI in January 2020 of the records and documents of Brickwork, for the period from October 2018–November 2019 to ascertain any violation of credit rating agency rules.
‘Naatu Naatu’ from epic drama ‘RRR’ wins Best Song at Golden Globe Awards 2023
Golden Globe Awards 2023
Composer MM Keeravani, along with singers Kaala Bhairava and Rahul Sipligunj, has won the Golden Globe for Best Original Song, for the track “Naatu Naatu,” from epic drama “RRR“. “Naatu Naatu,” a dance number featuring stars Jr NTR and Ram Charan, was competing against Taylor Swift’s “Carolina” from Where the Crawdads Sing, “Ciao Papa” from Guillermo del Toro’s Pinocchio, Lady Gaga’s “Hold My Hand” from Top Gun: Maverick, and “Lift Me Up” from Black Panther: Wakanda Forever, performed by Rihanna.
The historical epic has also been nominated in the Best Non-English Language Film category at the 80th Golden Globes. In the ‘best picture–non English segment’, “RRR” will face off with Korean romantic mystery film “Decision To Leave”, German anti-war drama “All Quiet on the Western Front”, Argentine historical drama “Argentina, 1985”, and French-Dutch coming-of-age drama “Close”.
Notably: India previously made its presence felt in the Best Original Score category over a decade ago, when AR Rahman won for Danny Boyle’s Slumdog Millionaire.
About the RRR:
SS Rajamouli’s ”RRR” follows a pre-Independence fictional story woven around two real-life Indian revolutionaries – Alluri Sitarama Raju and Komaram Bheem – in the 1920s. The film stars Ram Charan, Jr NTR, Alia Bhatt and Ajay Devgn in key roles. Released theatrically last March, ”RRR” reportedly made over Rs 1,200 crore at the global box office.
Rehman Rahi Kashmir’s first Jnanpith awardee, passes away
Kashmir’s renowned poet and first Jnanpith awardee Professor Rehman Rahi died in the early hours of Monday. As per the details shared by the family, the famous poet took his last breath at his residence in the Nowshera area. He was 98 years old. His last rites will be performed at the shrine of Khwaja Habibullah Nowshehri (RA).
Many political leaders express grief over the sad news on social media platforms. Reacting about the same, former Jammu and Kashmir Chief Minister Omar Abdullah said that he is deeply saddened by the demise of legendary Kashmiri poet and lyricist Rahman Rahi sahib. He said that the artist will be remembered for his outstanding work forever. In addition, he said that with his memorable and progressive poetry, he has left an indelible mark on the hearts of people. Today, the literary world of Kashmir has suffered a great loss. His death marks an end of an era, Omar Abdullah added.
President of the Halqua-e-Adab Sonawari (HAS), Shakir Shafi also expressed condolence to the family and calls the event a massive loss to the Kashmiri language and literature,
Know everything about Rehman Rahi
Born in Srinagar in 1925, Prof Rahi was originally known as Abdur Rehman Mir who has always been very fascinated by poetry. He started his career in 1948 as a clerk for a short period of time in the government’s Public Works Department. He was also a member of the Progressive Writers’ Association, where he eventually rose to the position of General Secretary. Later, he started working as a sub-editor for the Urdu newspaper Khidmat.
Talking about his educational background, he completed his schooling at Islamia High School in Srinagar. After this, he did his master’s degree in Persian as well as in the English language from the University of Kashmir.
He was given the prestigious Sahitya Akademi Award in 1961 for his poetry collection Nawroz-i-Saba. Apart from this, he was also a Padma Shri awardee in 2000.
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