Sunday, 31 December 2023

BANKING & FINANCE ( ECONOMY) IN DECEMBER 2023

* India's Gross Domestic Product (GDP) Has Increased 7.2% In July-September (Quarter 2) in 2023.

*  India Government Collected 1,67,929 Lakhs Crores GST On November 2023.

* Maharashtra State Topped With Collected 25,585 Crores.

* UPI Recorded 11.24 Billion Transaction In November 2023.

*  Reserve Bank Of India (RBI) Kept Remains Same For This Quarter. 6.25% Repo Rate, 6.76% For Bank Rate 

* Government Of India Has Banned Exports Of Onions Till March 2024.

*  Reserve Bank Of India (RBI) Has Increased The UPI Transaction Limit From 1Lakh To 5Lakh For Payment To Educational Institution And Hospitals.

* The Transaction Limit Increased From RS 15000 To Rs 1 Lakh For Recurring Payments Like Credit Card Repayment, Mutual Fund Subscription, Insurance Premium Payment.

* Union Cabinet Has Approved Extra Allocation Of 2500 Crores For The Continuation Of Pre & Post Shipment Rupee Export Credit Till 30th June 2024. 

* Indian Foreign Exchange Reserves Rise $6.1 billion To $604 billion. 

*  FIRST SWYP Credit Card Has Been Launched By IDFC First Bank.

* Atal Pension Yojana (APY) Crossed 6 Crores Mark,With 79 Lakhs Enrollment In This Financial Year.

* Center Has Approved The Financial Assistance Over 338 Crores Rupees To Gujarat, Where People Suffered Cyclone BIPARJOY.

* India Overtake Hong Kong As 7th Largest Stock Exchange In The World.

* Bank Of India Launched NARI SHAKTI SAVING Account.

*  India's November Overall Merchandise And Services Has Registered A Growth Of 1.2%.

* India Has Received A Record Of $125 Billion in Remittance In 2023. Report By World Bank 

(2nd Mexico With 67 Billion, 3rd China With 50 Billion) 

* The Gross Collection Of Direct Taxes For The Financial Year 2023-24 Has Registered A Growth Of Over 17%.

*  139 Lakhs Crores Transaction Has Been Registered Through UPI In India For Financial Year 2022-23.

* Japanese Lender Sumitomo Mitsui Banking Corporation (SMBC) Has Given Loan Of 120 Million To Air INDIA To Purchase Wide Body Aircraft Airbus.

*  INDIA Has Made Its First Ever Payment In Rupee For Crude Oil Purchase From UAE.

* India's Current Account Balanced Recorded A Deficit Of  US & 8.3 Billion in 2nd Quarter Of 2023-24.

* UPI Transactions Grows 118% in Rural And Semi Urban Regions In India. 

*  Indian Government Has Extended The Free Import Policy Of URAD Dal And Tur Dal For One Year To March 31st 2025.

*  Indusland Bank Has Launched eSvarna.



MOU SIGNED - 

*  Reserve Bank Of India (RBI) And Bank Of ENGLAND Has Signed MoU On Cooperation And Exchange  of Information Related To Clearing Corporation Of India Limited.

* An MoU Has Signed Between Bajaj Finserv And Education And Skill Development Of Government Of India To Provide Students Academic Credibility.

* Government Of India And ASIAN Development Bank (ADB) Has Signed 37 Billion Japanese Yen Loan For Delhi Meerut Regional Rapid Transit System (RRTS) Corridor.

*  ONDC And Meta Signed A Agreement To Help Small Business By Educating Them Through WhatsApp.


HOST - 

* Union Minister Piyush Goyal Addressed The 3rd Edition Of India Debt Capital Market Summit 2023.


APPOINTMENTS - 

* Jitesh John Has Been Appointed As The New Executive Director Of Insolvency And Bankruptcy Board Of India (IBBI).

* SEBI Approves Pramod Agarwal Appointment As BSE Chairman 

* C S Rajan Has Been Appointed As The Chairman Of Kotak Mahindra Bank.


AWARD - 

*  Employee's State Insurance Corporation (ESIC) Has Bagged The International Social Security Association Vision Zero-2023 Award At 23rd World Congress On Safety And Health At Work, Held At Sydney, Australia.

* Nita Ambani, Chairperson Of Reliance Foundation Has Awarded At CII Scorecard Event 2023.

*  BCCI Secretary Jay Shah Won The Sports Business Leader 2023 Of The Year Award.

*  NABARD Bank Has Won The  The Game Changers In AAROHAN 2023 ( In The Category Of Project Presentation).

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