BANKING & FINANCE FEBRUARY 2024

APPOINTMENTS - 

* Former Expenditure Secretary Ajay Narayan Jha & SBI Group Chief Economic Advisor Soumya Kanti Ghosh Have Been Appointed As Full Time Members Of 16th Finance Commission.

* Former Special Secretary, Expenditure Dr. Annie George Mathew & Executive Director, Artha Global Dr. Niranjan Rajadhyaksha Have Been Appointed As Full Time Member. 

* Shri Pawan Kumar Assume As Charge Of Chief Advisor (Cost) In Department Of Expenditure Under Ministry Of Finance.

* Suresh Venkatachari Has Been Appointed As The CEO Of Secure KLOUD.

* Mio Oka Has Been Appointed As The New Country Director For India By Asian Development Bank ( ADB). 

* Ravi Kumar Jha Has Been Appointed As The MD & CEO Of LIC Mutual Fund Asset Management Limited. 

* H Venkatachalam Iyer Has Been Appointed As The MD & CEO Of TATA AIA Life. 

* Naveen Tahilyani Has Been Appointed As The MD & CEO Of Tata Digital. 

* Mukesh Kumar Agarwal Has Taken Charge Of Director( Finance) COAL INDIA LIMITED ( COL). 

*  Ajay Kumar Chaudhary Has Been Appointed As Non Executive Chairman Of NPCI.

*  2002 Batch IAS Officer Krishan Kumar Has Been Appointed As Managing Director Of National Highways & Infrastructure Development Corporation Limited ( NHIDCL). 

*  Ranjeet Kumar Agarwal Has Been Appointed As The President Of Institute Of Charted Accountant Of India (ICAI).

*  1988 Batch IRS SANJAY Kumar Has Been Appointed As The Member Of Central Board Of Taxes (Audit & Judicial).

* Carepal Money Appoints Sahil Lakshmanan As Chief Business Officer.

* IES Bhumika Verma Has Been Appointed As The Director In The Department Of Expenditure Under The Ministry Of Finance.

* Wencai Zhang Has Been Appointed As The MD & Chief Adminstrative Officer Of World Bank Group.

AWARDS - 

* REC Wins Best Green Bond- Corporate Award At The Asset Triple A Awards For Sustainable Finance 2024.

* Defense Minister Rajnath Singh Honoured Dr. Bina Modi With Outstanding Business Woman Of The Year 2023 Award.

* Best Agrolife Clinched Most Innovation Campaign And Product Development Award At PMFAI SML Agchem Awards 2024.

* South Indian Bank Has Won The Best Technology Bank Of The Year Award At 19th IBA Annual banking Technology Conference.

* REC Limited, a Maharatna Company Has Been Honoured With The Innovative Technology Development Award At The Building India 2047: Technology For Better Tomorrow.

*  Government Of India Collected 1,72,129 Lakh Crores GST Collected In JANUARY 2024.

* Reserve Bank Of India ( RBI) Declared Paytm Payment Bank Debarred From The Financial Services. 

* 10.4% Growth On GST Collection According 2023 As Of 2024 January.

* International Monetary Fund (IMF) Forecast India's GDP Will Be 6.5% in 2024.

* UPI Transaction Records 12.20 Billion In January 2024.

* In Union Budget 2024/25 Finance Minister Nirmala Sitharaman Announced Free Cervical Cancer Treatment For Age Between 9-15 Girls.

* RBI Approved HDFC Bank's Proposal To Acquire 9.5% In Indusland Bank And Other 5 Banks. 

* Reserve Bank Of India Canceled The Licence Of Jai Prakash Narayan Nagari Sahakari Bank In Maharashtra. 

*  Tata Group Becomes The First Indian Conglomerate To Cross Rs. 30 Lakhs Crores Market Cap. 

* Reserve Bank Of India ( RBI) Keep Rep Rate Unchanged For The Sixth Straight Quarter for 6.5%. 

* MSF And Bank Rate Are 6.75%. 

* Indian Renewable Energy Development Agency ( IREDA) Has Received Approval From RBI To Set Up In GIFT City, Gujarat. 

* Gujarat State Government Presented 3,32,465 Crores Budget For Financial Year 2024/25/. 

*  Telengana State Government Has Presented Its Budgets Worth RS 2,75,891 Crores.

* EPFO Has Increases The Interest Rate On Deposit From 8.15% To 8.25%.

* India's Index Of Industrial Production Grows By 3.8% In December 2023.

*  India's Retail Inflation Declined From 5.7% To 5.1% In January 2024.

* Reliance Industries Became The First Indian Company To Hit The Market Cap Of 20 Lakh Crores.

* Paytm E-commerce Has Rebranded Itself As PAI Platform. 

* Germany Overtaken Japan As World's Third Largest Economy.

* The Ministry Of Defense Has Achieved a Milestone Becoming The Only Ministry To Cross The 1 Lakh Crores Gross Merchandise Value Of Procurement Through The Government E Market place Since 2016.

* Supreme Court Has Declared Electoral Bonds Are Unconstitutional. 

*  UAE Has Linked Their AANI Platform With India's UPI Platform 

* Reliance Topped As Most Valued Indian Company At The 2023 Burgundy Private Hurun India 500 List. 

* RBI Imposes Penalties On SBI, Canada Bank And Ocean Capital Market Limited For Non-compliance

LAUNCHED - 

*  Japanese Third Largest Bank Mizuhu Financial Service Has Established A Global Capability Centre In Chennai.

* India Launched The Unified Payment  Interface (UPI) At The Eiffel Tower, Paris.

* Prime Minister Narendra Modi, President Of Srilanka Ranil Wickremesinghe AND Prime Minister Of Mauritius Pravindh Jugnauth Witnessed The Launch Of UPI Service In Srilanka And Mauritius.

* Union Health Minister Mansukh Mandaviya Launched AIIMS-SBI Smart Payment Card In AIIMS New Delhi.

*  Prime Minister Narendra Modi and UAE Signed Agreement On Interlinking Domestic Debit, Credit Card, Rupay Card With JAYWAN (UAE).

* Phone Pe Launched Indus App store, an Indigenous App Store.

MOU SIGNED - 

*  Government Of India And Asian Development Bank( ADB) Signed $ 200 million Loan To Tackle Flood And Erosion Risk Along Brahmaputra River. 

* Terms Of Reference Signed Between Reserves Bank Of India (RBI) And Nepal Rasthra Bank On Integration Of Unified Payment Interface (UPI) Of India-With National Payment interface (NPI) Of Nepal For Cross Border Remittance.

* IREDA And Punjab national Bank Have Signed MoU To Establish Finance Projects On Green Energy.

*  Department Of Fisheries Have Signed MoU With Open Network For Digital Commerce ( For Digital Marketing) 

*  IEPFA And DBS Bank Has Signed MoU To Spread Awareness On Investment And Fraudulent Schemes.

* Uber Signed MoU With Open Network For Digital Commerce (ONDC) For Multiple Ranges Of Mobility Offers.

RANKING - 

* Mukesh Ambani, Chairman And Managing Director Of Reliance Industries Limited Has Been Ranked FIRST Among Indians And Second Globally In The Brand Guardianship Index 2024.

UNION BUDGET - 

*  India's Defense Budget For 2024-25 Grows By 26000 Crores To 6.2 Lakh Crores In 2024 Union Budget Given By Finance Ministry.

*  Introduction Of Updated Income Tax Returns, a New Form 26AS And Prefilling Of Tax Returns. 

* Uttar Pradesh State Announced Budget For 2024/25 Rs 736,438 Crores.

* Uttar Pradesh State Government Delivered The Budget  For 2024/25 

* 22000 Crores For Jal Jeevan Mission 

* 2881 Crores For State Highways 

* 2057 Crores For Ganga Expressway 

* 3000 Crores For Noida Airport 

* 914 Crores For Delhi Meerut RRTS 

* 395 Crores For Kanpur Metro 

* 150 Crores For Ayodhya Airport Phase 2 

* 346 Crores For Agra Metro 

* 1750 Crores For Religious Corridor 

* 2500 Crores For Mahakumbh 

* 100 Crores For NLU, Prayagraj 

* 575 Crores For Purvanchal Vikas Nidhi 

* 425 Crores For Bundelkhand Vikas Nidhi 

* 1000 Crores For Airstrips 

* 800 Crores For Green Road 

* 100 Crores For Agri University 

* 400 Crores For New Medical Colleges 

* 500 Crores For New Link Expressway 

* West Bengal Has Presented The Budget Of Rs. 3,66 Lakh Crores For Financial Year 2024/25. 

* Karnataka Chief Minister Siddharamaih Presented The State Budget Of Rs 3,71,383 Crores.

* Himachal Pradesh CM Sukhwinder Singh Sukhu Has Presented The State Budget Worth Rs 58,444 Crores For 2024/25.

* Haryana Chief Minister Manohar Lal Khattar Presented The Budget Of 1,89,876 Crores For FY 2024/25.

* Uttarakhand Finance Minister Presented The State Budget Worth Rs 89,230 Crores.

* The Jharkhand State Government Has Presented Rs 1,28 Lakh Crores Budget For FY 2024/25.

* Maharastra Finance Minister Ajit Pawar Presented Rs 6,00,522 Crores For FY 2024/25.