Wednesday, 10 April 2024

LAST 3 MONTHS BANKING AND FINANCIAL CA 2024 ( INCLUDING PDF)

JANUARY - 

India's Forex Reserves Rose By USD 58 Billion in 2023.

 NTPC Limited Gets Certified As The TOP Employer In 2024. 

 India Post payment Bank Payment Has Completed 8 Crores Customers.

The Wholesale Price Index (WPI) For The December Was 0.73%.

India Overtakes Hong Kong As World's 4th Largest Stock Market By Market Capitalisation. ( US, CHINA, JAPAN, INDIA) 

Life Insurance Corporation Of India (LIC) Has Overtaken SBI, Became The Most Valuable PSU Of 5.8 Lakh Crores.

China Has Issued 1.8 Lakhs Visas For Indian In 2023.

 State Bank Of India ( SBI) Has Featured Among The Top 25 Strongest Brands Globally For 2024. 

The Director General Of Civil Aviation (DGCA) Imposed A Penalty Of 1.1 Crores On Air India For Violation.

 National Statistical Office (NSO) Published The Employment Outlook Of The Country From 2017 To 2023.

HDFC Bank Became The India's First Bank To Issue 20 Million Active Credit Cards. 

Fincare Small Finance Bank Has Received The CCI's Approval For Its Merging With AU Small Finance Bank. 

The Reserve Bank Of India ( RBI) Has Approved a Proposal Of LIC To Acquire Up To 9.99% Stake In HDFC Bank. 

United States Embassy In India Processed 1.4 Millions Visas In 2023.


1,64,862 Lakhs Crores GST Collected By Government in December 2023.

According To NSO (National Statistical Organisation) has Estimated India's GDP For 2023-24 is 7.3%.

WORLD Bank Has Approved Financial Assistance Of 2328 Crores To Develop Infrastructure To Divert Flood Water From Western Maharashtra To Marathwada.

According To NSO Statistics India's Retail Inflation 5.69% In December 2023.

KRUTRIM AI - Is The India's First Artificial Intelligence (AI) Unicorn. TO CROSS 1 Billion. 


HOST - 

Guwahati,Assam Host The Regional Conference On e-Governance.


NEW LAUNCHED - 

Flipkart Co-founder Binny Bansal Has Launched A New Startup Opp Door.

Indusland Bank Has Launched The SAMMAN RUPAY Credit Card. 

India's First Growth Liquid Exchange Traded Fund Has Launched By Zerodha Fund House. 

State Bank Of India Has Launched The Green Rupee Term Deposit Scheme.

Union Minister Rao Inderjit Singh Launched The MPLADS E-SAKSHI Mobile Application For The Revised Fund Flow Procedure.



APPOINTMENTS - 

* Former Vice Chairman Of NITI Ayog Dr. Arvind Pangariya Has Been Appointed As The Chairman Of 16th Finance Commission.

Nadia Calvino Became The First Woman President Of European Investment Bank.

G Ram mohan Rao Has Been Appointed As The Executive Director Of SEBI.

Vikas Sheel Has Been Appointed As The Executive Director Of Asia Development Bank. 

Sanjiv Agarwal Has Been Appointed As The MD & CEO of Investment And Infrastructure Fund Limited (IIFL).

Rajiv Shah Has Been Selected Board Of Directors Of The Federal Reserves Bank Of New York.

Phone Pe Has Appointed Ritesh Pai As Its CEO. 

Dr Michael Debabrata Patra Has Been Reappointed As The Deputy Governor Of RBI.

Manish Jain Has Been Appointed As MD Of Experian In India. 

Dr Prasanna Kumar Acharya Has Been Appointed As The New Finance Director Of NLC India.

Praveen Achuthan Kutty Has Been Appointed As MD & CEO Of DCB Bank. 


AWARDS- 

State Bank Of India Chairman Dinesh Kumar Khara Has Awarded With Indian Of The Year Award By CNN 18.

REC Wins ICAI Award For Excellence In Financial Reporting For Financial Year 2022/23. 

Vice President Jagdeep Dhankar Has Presented The SCOPE Award To Public Sector Enterprises At Delhi.

NHPC Limited A Hydropower Company Has Been Awarded SCOPE's Commendation Certificate In The Category Of Effective Implementation Of RTI Act.

* REC Limited Has Been Honoured With Prestigious SCOPE EXCELLENCE Award In The Category Of Special Institutional Category ( Digitization) 


MOU SIGNED - 

Indian POST Payment Bank (IPBP) Have Signed MoU With Hindustan Zinc To Offer Financial Inclusion Services To CSR Beneficiaries.

Google Signed MoU With NPCI ( National Payment Corporation Of India) Expand UPI Service Beyond INDIA.


FEBRUARY - 

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.

MARCH - 

*LAUNCHED

* Union Finance Minister Nirmala Sitharaman Has Launched Electronics Data Interchange (EDI) At Remote Land Custom Station In Northern States.

* Union Home Minister Amit Shah Launched National Urban Cooperative Finance And Development Corporation (NUCFDC) The Umbrella Organisation For The Urban Cooperative Banks.

* Union Home Minister Amit Shah Inaugurated The National Cooperative Database & Unveiled Report in Delhi.

* NPCI India And Fonepay Payment Service Limited, Nepal Largest Payment Bank Announced UPI Service For Cross Border Transaction Between Two Nations.

* Indusland Bank Has Launched India's First Contactless Payment Wearable INDUS PAYWEAR.

* The FINANCE Ministry Notified The Issuance Of A Special Commemorative Coin Of Rupee 90 Denomination To The Mark Completion Of 90 Years Of RBI.


* India's GDP GROWTH In 8.4% In 3rd Quarter In 2023/24.

* 1,68,337 Crores GST Collected In Month Of February By India Government.

* The Financial Intelligence Unit India (FIU-IND) Has Fined Rs 5.49 Crores Penalty On Paytm Payment Bank.

* Gross GST Collection Rises 12.5% To Rs 1.68 Lakh Crores in February 2024.

* REC Limited Has Successfully Listed Two Bonds On National Stock Exchange (NSE) And BOMBAY Stock Exchange (BSE) 2500 Crores Each For 10 Years.

* Reserve Bank Of India (RBI) Allows Nepal Account Holder's To Can Send Upto 2 Lakh Per Transaction Per Day Limit in UPI.

* Nvidia Surpassed Saudi Aramco To Become Third Largest Company In The World Market Cap.

* Maharashtra Shares 15.4% Income Tax Prayers In Financial Year 2023.

* Flipkart Launched Its Own UPI Handle in Association With Axis Bank.

* CCI Approved The Merger Of a Financial Technology Company GARAGEPRENEURS Internet Private Limited With The North East Small Finance Bank.

* Government Of India And Asian Development Bank (ADB) Has Signed USD 23 Million Loan Agreement To Strengthen The Fintech Ecosystem in India.

* Paytm Gets The NPCI Approval To Become Third Party UPI App.

* Shipping Corporation of India Land And Asset Limited ( SCILAL) Get Listed On Bombay Stock Exchange (BSE).

* India Registered Growth Of 18.74% In Gross Direct Tax collection For Financial Year 2023/24.

* UPI Transaction Worth Rs 18.2 Lakh Crores Made In February 2024

Mumbai Overtakes Beijing To Becomes Asia's Billionaire Capital. And 3rd in World 


( 119 Billionaire - NEW York)
( 97 Billionaire - London)
( Mumbai _ 3rd) 


* 19.88% in Net Direct Tax Collection

India's Current Account Balance Records A Deficit Of USD 10.5 Billion ( 1.2% GDP) In Quarters 3 2023/24.

Life Insurance Corporation Of India (LIC) Has World's Strongest Insurance Brand In 2024 By Brand Finance 2024 Report.

Government e Marketplace (GeM) Has Crossed 4 Lakh Crores In Gross Merchandise Value (GMV) In The Fiscal year.

APPOINTMENT - 

* Vipul Chandra Appointed as CFO Of LTI Mind tree.

* Dhanraj T Has Been Appointed As The Executive Director Of INDIAN Overseas Bank.

* Brijesh Kumar Singh Has Been Appointed As The Executive Director Of INDIAN Bank.

* Sugata Ghosh Dastidar, Controller General Of Defense Account Appointed As The Financial Adviser ( Defense Services) In The Ministry Of Defense.

* Poonawalla Fincorp Appointed Arvind Kapil As Its New Managing Director And CEO.

* Jaideep Hansraj Has Been Appointed As The President Of One Kotak.

Girija Subramaniam Has Been Appointed As CMD Of The New India Assurance Company. 

M V Rao Has Been Elected As The Chairman Of Indian Bank Association (IBA).

Bhupesh Sushil Rahul Has Been Appointed As The Chairman And MD Of United India Insurance Company (UIIC).

Bikram Ghosh Has Been Appointed As The New Director Of ( Finance) Western Coalfields Limited ( WCL). 

* Vikash Kumar Has Been Appointed As The Deputy Secretary , Ministry Of Finance. 

 Nidhu Saxena Has Been Appointed As The NEW MD & CEO Of Bank Of Maharashtra.


MoU SIGNED- 

* Reserve Bank Of (RBI) And Bank Of Indonesia Have Signed MoU To Promote Use Of Local Currencies For Bilateral Transactions.

* The Department Of Industries, And Commerce Government Of Nagaland Has Signed MoU With YES Bank And Sellmetric Private Limited At Kohima.


( Aim To Digitize Sales, Entrepreneur, Small Farmer, Open Network Digital Platform) 


HOST

* Union Finance Minister Nirmala Sitharaman Has Inaugurated India's FIRST Ever National Conference Of Enforcement Chiefs Of The States And The Central GST Formation In New Delhi.

* Competition Commission Of India (CCI) Host The 9th National Conference On Economics Of Competition Law.


Topic For 2024 - Artificial Intelligence : Challenges And Opportunities 

* Union Finance Minister Nirmala Sitharaman Has Inaugurated a Credit Outreach Programme At the Jai Prakash University Campus, Chapra

MOU SIGNED - 

* MOU Signed Between Greek Bank With Indian UPI Owned NPCI To Avail UPI Facility In Greece.


AWARDS - 

* Sachin Salunkhe, Has Received The Promising Investor For The Year 2024 Award.

* Reserves Bank Of India (RBI) Has Been Selected For The Risk Manager Award By Central Banking Award, London.

* State Bank Of India (SBI) Has Conferred With Company Of The Year Award At ET Award For Corporate Excellence 2023.

RAZORPAY Awarded Best Fintech Company At Business Today And KPMG's Award 2024. 


NEWLY - 

* GRID CONTROLLER OF INDIA, Limited (GRID-INDIA) Has Conferred With The Status Of Miniratna Category-1 Central Public Sector Enterprise (CPSE). 

DWNLOAD THE PDF LINK GIVEN BELOW 

https://drive.google.com/file/d/19Mn2Ya-OqkN5MN60-5rNVDc2Cg-BVS0q/view?usp=drive_link


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