Current Affairs - Persons - Discussion

The Prime Minister's Office (PMO) cleared the name of Arti Chhabra Srivastava as the first full-time Chief Vigilance Officer (CVO) of SEBI for an initial period of 3 years. She is a 1990-batch Indian Ordinance Factory Services officer, and her appointment was approved by the Central Vigilance Commission (CVC). CVOs are considered an extended hand of the CVC, which is tasked with detecting graft by officials holding public office. Functions of the CVO include: Mainly keeping tabs on its officials and detect and punish corruption and other malpractices, to examine existing rules and procedures of the organisation to eliminate or minimise scope for corruption and malpractices, To ensure observance of rules by SEBI officials relating to annual property returns, gifts accepted, benami transactions and regarding their relatives employed in private firms or businesses.