Current Affairs for BANK, IBPS Exams - 20 March 2022

::National::

India and Japan agreed on 6 agreements in New Delhi

India and Japan yesterday signed six agreements in the areas including cyber security, waste water management and clean energy after the 14th India-Japan Annual Summit in New Delhi.
Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida held productive talks and discussed ways to boost economic and cultural linkages between the two countries.
Mr Modi and Mr Kishida also held delegation-level talks. They also exchanged views on regional and global issues of mutual interest so as to advance the Partnership for peace, stability and prosperity in the Indo-Pacific region and beyond.
India and Japan have multi-faceted cooperation within the ambit of their Special Strategic and Global Partnership. After the annual summit, both the leaders signed a joint statement.

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::International::

Russia's Most Favored Nation (MFN) will cancel trade status: US

President Joe Biden called for the U.S. to revoke Russia’s “most favored nation” status, which would downgrade Russia as a trading partner and open the door to damaging new tariffs on Moscow over its invasion of Ukraine.
The European Union and the Group of Seven nations are expected to take the same steps, Biden said. Canada already removed Russia’s most favored nation status last week.
Biden signed an executive order Friday banning the import of Russian seafood, non-industrial diamonds and liquor to the United States.
The order also prohibits the export or sale of American luxury goods to anyone located in Russia. This includes high-end watches and clothes, jewelry, top-shelf liquor and luxury vehicles — all of which feature prominently in the lifestyles of mega-rich Russian oligarchs.
Speaking at the White House, Biden repeatedly singled out Russian President Vladimir Putin, who rules the country as an autocrat.

::Economy::

SEBI makes voluntary the requirement to separate the roles of Chairman and MD/CEO

Market regulator Securities and Exchange Board of India (SEBI) changed the requirement for listed companies to separate posts of chairperson and managing director (MD) or chief executive officer (CEO) to voluntary from mandatory.
The decision was taken at a board meeting of the regulator. The tweaked rule will now fully come into force from April 1, 2022 after multiple delays.
Earlier, the top 500 listed companies by market capitalisation had to mandatorily separate the role of the chairperson and MD/CEO from April this year following the two-year extension given by the capital market regulator in January 2020. The rule was first approved by SEBI's board in 2018.
The market regulator's decision comes nearly a year after SEBI Chairman Ajay Tyagi had urged companies at a Confederation of Indian Industry (CII) event to comply with the proposed new rule before the April 2022 deadline.
SEBI's intention behind the rule was to implement global best practices in terms of corporate governance and to avoid the concentration of power in the hands of one individual in the company.
According to SEBI, only 54 percent of the top 500 companies have so far complied with its rule. "Considering a rather unsatisfactory level of compliance achieved so far, with respect to this corporate governance reform, SEBI Board at this juncture, decided that this provision may not be retained as a mandatory requirement," the SEBI said in a press statement.
Since the time the market regulator had proposed the new rule in 2018, it has faced reluctance from several heavyweight companies in India's listed universe. The major grievance has come from companies where the promoters have a significant role in the executive decision-making of the company.

::Sports::

All England Open Badminton Championships 2022: LakshyaSen Settles For Runner-up Finish

First place winner Denmarks Viktor Axel sen, left, celebrates with his trophy on the podium after his victory over Indias Lakshya Sen, right, in their mens singles final match at the All England Open Badminton Championships in Birmingham, England.
Denmarks Viktor Axelsen celebrates with his trophy on the podium after his victory over Indias Lakshya Sen in their mens singles final match at the All England Open Badminton Championships in Birmingham, England.