Tuesday, 30 April 2024

BANKING & FINANCE CA IN APRIL 2024

* From 1st APRIL 2024, The New Tax Rule Will Implement. 

* Up to 3 Lakh - Zero Tax 

* 3-6 Lakh - 5% 

* 6-9 Lakh - 10% 

* 9-12 Lakh - 15% 

* 12-15 Lakh - 20% 

* 15 Lakh+ - 30% 

* India's Gross Goods And Service Tax Collected 1,78,484 Lakh Crores In March 2024.

( 12.5% Of February 2024) 

*  Paradip Port (Odisha) Has Become The Highest Cargo Handling Major Port In India Overtaking Kandla Port With 145.38 MMT Cargo In Financial Year 2023/24.

* World Bank Projects Indian Economy To Grow At 7.5% In 2024. 

* National Stock Exchange (NSE) Introduced Four New Indexes With Effect To 8th April 2024. 

( NIFTY TATA CAP 25) 

(Nifty Multi Mfg)

(  Nifty Multi Infra)

( Nifty Mid Sml Hlth).

* Jawaharlal Nehru Port Authority (JNPA) Has Achieved Records Highest Ever Throughput Of 6.43 Million TEUs In Financial Year 2023/24.

* Reserve Bank Of India ( RBI) Governor Shaktikanta Das Presented The First Bi-Monthly Monetary Policy Of Financial Year. 

* REPO Rate Remains Unchanged At 6.5%. 

* CPI Inflation For The Current Financial Year 2024/25 Is Projected At 4.5%. 

* Real GDP Growth For Current FY 2024/25 Is Projected At 7%. 

* Marginal Standing Facility Rate & Bank Rate Remains At 6.75%. 

* Standing Deposit Facility Rate Remains Same At 6.25%. 

* India's Forex Reserves Reached All Time Highest Of USD 645.6 Billion As Of March 29th 2024. 

*  Reserves Bank Of India (RBI) Declared Approximately 50 Lakhs Users Using The Central Bank Digital Currency (CBDC). 

*  199.89 Trillion Transaction Done Through UPI In Financial Year 2023/24.

* HDFC Became The First Private Bank To Open Branch In Lakshadweep.

*  IndiGo Has Became The World's Third Largest Airline By Market Capital.

* ASIAN Development Bank Has Forecast India's Growth In 2024 7.0% & 7.2% in 2025 Respectively.

* India's Index Of Industrial Production Grows By 5.7% In February 2024.

* Singapore Retained The Top Spot For The Best Place To Conduct Business For The 16th Consecutive Year Reported By EIU.

* Byjus CEO Arjun Mohan Resigned From The Post.

* India's Overall Exports Are Estimated To Reach 776.68 Billion Dollars, In The Financial Year 2023/24.

* International Monetary Fund ( IMF) Projected India's Economic Growth To 6.8% In 2024. 

*  India Exported Record Of 48.86 Tonnes Of Oil Meal In Financial Year 2023/24.

* Reserve Bank Of India (RBI) Has Banned Bank Of Baroda World App.

* India's Net Direct Tax Collection Estimated For Financial Year 2023/24 Is RS. 1.35 Lakh Crores, ( 7.40%).

* Gross Direct Tax Collection For Financial Year 2023/24 At 23.37 Lakh Crores ( Which Is 18.48% Growth).

* Reliance Jio Emerges As World's Largest Mobile operator In Data Traffic, Surpassing China.

*  India's Drug And Pharmaceutical Exports Increases In 2023/24 ( $ 27.9 Billion) 9.67% Increases.

* Reserves Bank Of India (RBI) Has Barred Kotak Mahindra Bank  For Issuing New Credit Card.




NAVARATNA STATUS - 

* National Fertilizer Limited Has Recived The NAVARATNA Status. 


INSURANCE - 

* IREDA Sets a New Record Achieved The Highest Ever Loan Sanctions And Disbursements. 

* Insurance Regulatory Authority Of India (IRDAI) Has Removed The Age Limit Of 65 Years For Individuals Buying Health Insurance Policies.


INAUGURATION - 

* Prime Minister Narendra Modi Released A Commemorative Coin Of Rs 90 On The Occasion Of Completion Of 90 Years Of RBI.


AWARDS - 

* REC Wins The SKOCH ESG Award 2024 In Renewable Energy Financing Category.

*  THE IDEA OF DEMOCRACY Book Author - Sam Pitroda 

* Kapil Bhatia Has Been Honoured With The Lifetime Achievement Award At Hotel Investment Conference South-Asia 2024.

* INDIA Renewable Energy Development Agency Limited (IREDA) Has Gets The Status Of NAVARATNA From Department Of Public Enterprises (DPE).


PORTAL,APP - 

* SEBI launched A New User Friendly Version Of Complaint Redress System - SCORES 2.0 

* Reserve Bank Of India (RBI) Has Launched The New Mobile Application And Website.

*  Canara Bank Introduced A New Saving Account Scheme For WOMEN Named CANARA ANGEL.

* Former CEO of Bharat Pe Ashneer Grover Has Launched A New Payment Site Zero Pay.

* Aditya Birla Capital Launched ABCD Fintech App.

* Paytm Launched New Made In India Sound Box For UPI, And Credit Card On UPI Payment.

* Bharat Pe Launched Bharat Pe One An All In One Payment Product (Including POS, QR, Speaker Into Device).

* Razor Pay And Airtel Payment Bank In Association Launched UPI SWITCH Platform.

* SBI CARDS Launched Retail Credit Card SBI Card MILES.


MOU SIGNED - 

* Bharti Airtel Has Signed Pact With Dialog Axiata And Axiata Group Berhad To Merge Its Srilanka Operations In Stock Deal/. 

* Tata Power Solar System (TPSS)  Has Joined Hand With Indian Bank To Drive Solar Rooftop Adoption In Residential Segment Under The PM SURYA GHAR MUFT BIJLI YOJANA.

*  IIT KANPUR And Ericsson Have Signed Two Year Strategic Partnerships In Financial Services And Fintech.

* Tata Motors Has Tied Up With South Indian Bank For Financial. solutions.


APPOINTMENTS - 

* Madhabi Puri Buch, Chairperson Of The Securities And Exchange Board Of India ( SEBI) Has Become The First Woman To LEAD SEBI. 

* Atul Mishra Has Been Appointed As The New MD And CEO Of Axis Capital.

* Dr. Shankari Murali Has Been Appointed As The Chairperson Of Controller General Of Accounts (CGA).

* Sanjai Singh And Jaspal Kaur Have Been Appointed As The Member Of CGA.

* Rakesh Mohan Has Been Appointed As The World Bank Economic Advisory Panel.

* Srinivas Pallia Has Been Appointed As The New CEO, MD Of WIPRO.

*  Vinod Francis Has Been Appointed As The CFO Of SOUTH INDIAN Bank.

* Manoj Panda Has Been Appointed As The New Member Of 16th Finance Commission.

* Tarun Bajaj Has Been Appointed As The New Head Of The US-India Tax Forum.

* Sanjay Shukla Has Been Appointed As The New Managing Director Of National Housing Bank (NHB).

* Manoj Mittal Set To Be New Chairman And Managing Director Of SIDBI.

*  V Balakrishnan Has Been Appointed As The New CFO Of General Insurance Corporation.

* Nalin Negi Has Been Appointed As The New Chief Executive Officer (CEO) Of Bharat Pe.

* Prem Chand Kumar Has Been Appointed As The Chief Technical Officer (CTO) Of Punjab And Sindh Bank For Next 3 Years.

* Jayant Balchandra Manmadkar Has Been Appointed As Chief Financial Officer (CFO) Of Brigade Enterprises.

* Arun Maheshwari Has Been Reappointed As The Managing Director And CEO of JSW INFRA.

* Santosh Viswanathan Has Been Appointed As The Intel's Business Head In INDIA.

* Azim H Premji Has Been Re Appointed As The Non Executive, Non Independent Director Of Wipro For Next 5 Years.

* Rishad A Premji Has Been Re Appointed As The Whole Time Director Of Wipro.

* Pankaj Mohan Power To Take Charge As MD Of Reliance Jio.

*  Ajith Kumar KK Has Been Appointed As CEO Of Dhanlaxmi Bank. 

*  Financial Service Institution Bureau (FSIB) Recommend Rana Asutosh Kumar Singh As Managing Director Of SBI.

* Financial Service Institution Bureau (FSIB) Has Recommend Asheesh Pandey As INDIAN Bank MD & CEO.

* Shri T Rabi Shankar Has Been Reappointed As The Deputy Governor Of RBI. 

*  Amitabh Chaudhary Has Been Reappointed As The MD & CEO Of Axis Bank for Next 3 Years.

* BHEL Appoints Koppu Sadashiv Murthy As Its CFO.

*  V Vaidyanathan Has Been Appointed As The MD & CEO Of IDFC First Bank For Three Years.

* Sunil Agarwal Has Been Appointed As The CFO Of Jindal Steel.

* Satnam Singh Lamba Has Been Appointed As The COO Of Gland Pharma.

DOWNLOAD THE PDF LINK GIVEN BELOW 

https://drive.google.com/file/d/1t38PsrHX6xRgOK0AxaoLl3cAFHOa97kb/view?usp=drive_link


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