- The Reserve Bank of India (RBI) on has introduced a risk-based internal audit (RBIA) system. It has made it mandatory for select non-banking financial companies and urban co-operative banks (UCBs).
- The Indian Ocean Region Defence Ministers’ Conclave was hosted by India on February 4, 2021. The event took place in the backdrop of Aero India 2021 which is the largest Aero show of Asia
- The Economist Intelligence Unit (EIU) recently released its report titled “Democracy in sickness and in health?” and also published the Democracy Index 2020. Key Findings The Democracy Index report 2020 by the covers the 167 countries
- The year-long Birth Centenary celebrations of legendary classical singer Pandit Bhimsen Joshi will begin on February 04, 2020. More in news The Rithwik Foundation for performing arts also organised a two-day event in Mumbai to commemorate the timeless legacy of the great musical maestro. The event to celebrate the Birth Centenary is named as “SwarBhaskar
History on this Day:
(1991) NZ cricketers Martin Crowe and Andrew Jones make a world record 467 run stand, against Sri Lanka at the Basin Reserve in Wellington
(2004) Mark Zuckerberg launches Facebook from his Harvard dormitory room