BANKING & FINANCIAL CURRENT AFFAIRS JULY 2024

APPOINTMENTS - 

* Ravi Agarwal Has Been Appointed As The Chairman Of CBDT ( Central Board Of Direct Taxes) Upto June 30th 2025.

*  Sidharth Mohanty Has Been Redesignate As the MD & CEO Of LIC.

* Vivek Chandrakar Tongaonkar Has Been Appointed As The Director (Finance) Of ONGC.

* Arnab Kumar Chaudhary Has Been Appointed As The New Executive Director Of RBI. 

* Charulata S Kar Has Been Appointed As The Executive Director Of RBI.

* Hari Mohan Gupta Has Assumed As CMD Of Ircon International.

* Sunil Siddharth Lalbhai And Urjit Patel Have Been Appointed As Additional Non Executive Independent Directors Of Britannia. 

*  Shalabh Goel Has Assumed As The Managing Director Of NCRTC.

* Kumar Venkata Subramaniam Has Been Appointed As The Director And MD Of P & G Hygiene.

*  Ratan Kumar Kesh Has Been Appointed As The Interim Managing Director And Chief Executive Director Of Bandhan Bank For 3 Months.

*  Ravi A Robert Jerard Has Been Appointed As CMD Of MTNL. 

* N R Narayanan & K S Sampath And Ramkumar Krushnaswamy Has Been Appointed As Independent Director Of Equitas Small Finance Bank.

*  Pranav Mishra Has Been Appointed As The Head Of Distribution Of Kotak Mahindra Bank.

* Ashok Shuvarna To Take Charge Of CEO Aditya Birla Money From 1st September 2024.

* Manish Dhanuka Has Been Reappointed As MD Of Orchid Pharma.

* Chandan Sinha Has Been Appointed As The Part Time Chairman Of RBL Bank.

* Krishnan Venkat Subramaniam Has Been Appointed As The MD & CEO Of Federal Bank.

* Bibhuti Bhusan Naik Has Been Elected As the President Of Institute Of Cost Account Of India for 2024/25.

*  Manoj Mittal Has Assumed As The Chairman And Managing Director Of SIDBI.

* Satish Jha Has Been Selected For The CMD Of ECL.

* Adani Ports Gets The Letter Of Intend ( LoI) For Developing And Operating Berth No 13 At Deendayal Port In Gujarat For The Period Of 30 Years.

* Prime Minister Narendra Modi 's Twitter Account Completed 100 Millions Followers.

ACCREDITED - 

* Government Upgrades IRCTC To Schedule A Central Public Sector Enterprise. 

UNION BUDGET 2024/25 - 

Union Finance Minister Has Announced Union Budget For 2024/25.

( Announced Smallest 1 Hour And 25 Minutes Budget)

Total of 48,20,512 Crores Allocated In Budget 2024/25 

* 2.55 Lakh Crores For Railway 

* 1.52 Lakh Crores For Agriculture

* 1000 Crores For Space Research 

* 11,11,111 Crores For Capital Expenditure

* 15000 Crores For Andhra Pradesh 

* 2.66 Lakhs Crores For Rural Development 

* 26000 Crores for Bihar Infrastructure

* 1.48 Lakh Crores For Education 

* 4,54,773 Crores for Defense Sector

* 1,16,342 IT Telecom Sector 

* 5,44,128 Crores for Transport 

* 2,03,530 For Tax Administration 

* 1,50,983 Crores for Home Affairs 

* 3,81,175 Crores For Major Subsides

* 3,22,787 Crores Transfer of States

* 89,287 Crores For Health 

* 68,769 Crores For Energy 

* 56,501 Crores For Social Welfare 

* 47,559 Crores For Commerce & Industry 

TAX RATE STRUCTURE - 

* 0- 3 Lakh ( Nil) 

* 3- 7 Lakh ( 5 %) 

* 7-10 Lakh ( 10%) 

* 10-12 Lakh ( 15%) 

* 12-15 Lakh ( 20%) 

* Above 15 Lakh ( 30%)

*  Union Railway Minister Ashwini Vaishnav Announced Budget For Railways Infrastructure - 

2582 Crores For Delhi 

2,698 Crores For Himachal Pradesh 

3,383 Crores For Haryana

3,694 Crores For Jammu and Kashmir

5,147 Crores For Punjab 

5,336 Crores For Telengana 

5,131 Crores For Uttarakhand

7,559 Crores For Karnataka

8,743 Crores For Gujarat 

9,151 Crores For Andhra Pradesh

9,959 Crores For Rajasthan 

10,033 Crores For Bihar 

10,586 Crores For Odisha

10,376 Crores For North East

13,941 Crores For West Bengal 

14,738 Crores For Madhya Pradesh 

15,940 Crores For Maharashtra 

19,848 Crores For Uttar Pradesh

*  India Government Announced Neighbours Country Funding Budget in Union Budget 2024/25 

* 700 Crores For Nepal 

* 400 Crores For Maldives 

* 370 Crores For Mauritius

* 250 Crores For Myanmar 

* 245 Crores For Srilanka 

* 200 Crores For Afganistan 

* 80 Crores For Bangladesh

* 30 Crores For Seychelles

* The Telengana State Government Has Announced Annual Budget Of State Of Rs 2,91 Lakh Crores.

( 11,468 Crores - Health And Medical Department)

( 2762 Crores For Industries)

( 21,292 Crores For Education)

( 9,564 Crores For Home Department)

 * Odisha Chief Minister Presented The State Budget Of Worth Rs 2.65 Lakh Crores For FY 2024/25.

* 33.919 Crores For Agriculture

* 14,111 Crores For Irrigation 

* 21,200 Crores For Health 

* 35,536 Crores For Education 

* 1000 Crores For Bhubaneswar- Cuttack Metro

* 918 Crores For New City Development

* 6180 Crores For Road Development 

* 952 Crores For Sports Infrastructure

* 17,942 Crores For Women & Child Development 

* 28,844 Crores For Social Development

* 295 Crores - Nutrition Awareness

* 445 Crores For Tourism

* 10,000 Crores For Subhadra Scheme

* 500 Crores For Ayushman Bharat

* 200 Crores For Odia Ashmita

* 2462 Crores For - Mukhyamantri Swasthya Seva Mission 

* 500 Crores For Srimandir Corpus fund

* 3500 Per Month Will Provide Whose Age Above 80 

* Paddy MSP 3100 

NEW SCHEMES TO BE LAUNCHED - 

* Madho Singh Haath Kharcha Yojana - Under This Scheme ST Students Who Passed Out 8th/10th Class Gets 5000 Per Year.

* CM KISAN FOR FARMER'S - 

1935 Crores Sanctioned

MERGED - 

* DoT's NTIPRIT, NICF And WMTDC Merged Into a Single Entity Named National Communications Academy. 

HOST - 

* RBI Governor Shaktikanta Das Address The Inaugural Session Of FE Modern BFSI Summit 2024.

COLLABORATION - 

* Department Of Agriculture And Farmers Welfare Incollboration With NABARD Announced Agri SURE Fund Of 750 Crores Under Nabventures At Mumbai.

LAUNCHED - 

* Bajaj Launched The World's First CNG Bike Freedom 125 At Pune.

* INDIA Has Launched The UPI Service At Paris Historic Department Store Galaries Lafayette.

STATE BUDGETS - 

* Madhya Pradesh State Government HAS Presented The State Budget Of 3.65 Lakh Crores For 2024/25.

* Rajasthan Deputy Chief Minister Diya Kumari Has Presented The State Budget For 2024/25.

* The Central Government Has Released Rs 1750 Crores For The Development Of 7 Backwards Districts Of Andhra Pradesh.

LOAN - 

* Government Of India And Asian Development Bank (ADB) Has Signed A $ 170 million Loan To Strengthen Pandemic Preparedness.

* Asian Development Bank ( ADB) Approved The USD 240.5 million Loan For Rooftop Solar System In New Delhi.

ECONOMY - 

* India Government Collected 1.74 Lakh Crores GST in June 2024.

* Maharashtra Became The First Indian State To Reach Half A Trillion Dollar Economy.

* BSE Has Reached To 450 Lakhs Crores Market Capitalization For The First Time.

* Gujarat Has Lead With Highest Foreign Direct Investment (FDI) In FY 2023/24 With USD 7.3 Billion.

* The 16th Finance Commission Has Constituted An Advisory Council With 5 Members.

* Dr D K Srivastav

* Mr Neelkanth Mishra

* Dr Poonam Gupta

* Ms Pranjul Bhandari

* Rahul Bajoria

* The Index Of Industrial Production (IIP) Has Rose 5.9% In May 2024. 

* Khadi Products Broken Records With Over 1.5 Lakh Crores Sales In FY 3023/24.

* IMF Raises India's GDP Growth Forecast For FY 2024 7.0%

*  Asian Development Bank Has Unchanged India's GDP Growth Projection At 7.0 For 2025.

* CASHe APP Has Gets ISO 27001 And 27701 Certification For Information Security And Data Privacy.

*  India's Forex Reserves Touches $ 666.85 Till July 12.

* LIC Touched A High Rs 1178.60 On The Bombay Stock Exchange.

* India's FIRST Integrated Agri Export Facility At Jawaharlal Nehru Port.

* According To RBI Report India Share a 48.5% In Global Real Time Payment Put In The World. 

TRADE - 

* Rupee-Kyat Trade Settlement ( Myanmar) Mechanism Has Been Operationalized. 

* Paradip Port Created A Record The Highest Ever Parcel Vessel Of 1,49,496 MT Of Imported Coal Handled At It's Berth.

* India's Exports In April June 2024 Rises By 5.84%.

* Mahanadi Coalfield Limited (MCL) Has Surpassed The 100 million Cubic Meter Overburden Removal (OBR) Milestone 

* India Has Secured A Contract To Operate Mongla Port In Bangaldesh.

*  MV HUAHINE, Carrying 1,99,900 MT Of Manganese Ore From Gabon Of Central Africa, Arrived at Vishakapatanam Port, ( Became The Largest )

* India's Top 6 States With Most Marine Exports List 

* Andhra Pradesh ( 4.27 Lakh Tonnes) 

* Gujarat ( 3.45 Lakh Tonnes) 

* Karnataka ( 2.73 Lakh Tonnes) 

* Kerala ( 1.88 Lakh Tonnes) 

* Maharashtra ( 1.70 Lakh Tonnes) 

* West Bengal ( 1.60 Lakh Tonnes) 

BANKING - 

* 13.89 Billion Transaction Done Through UPI In June 2024.

*  Bombay Stock Exchange (BSE) Has Touches 80000 In Stock Market.

* Paytm Launched Health Saathi Plan, Where customer Can Easily Connect Doctor Unlimited. ( Plan Starts At 35 Rupees)

* RBI Cancel The License Of Shimsha Sahakara Bank In Karnataka.

* RBI Cancel The Registration Of Prog Cap Linked Star Finserv Due To Rule Violation.

*  ICICI Prudential MF Has Launched India's First Oil And Gas ETF.

*) State Bank Of India Has Launched MSME SAHAJ For Instant Digital Invoice Financing.

* Punjab National Bank Has Introduced The SAFETY RING, For Online Banking Security.

* Indusland Bank Launched The WRESTLE FOR GLORY To Empower Female Wrestler.

*  Vijay Mallya Has Been Barred From Trading In Indian Security For 3 Years By SEBI.

* Karnataka Bank Partners With ICICI Lombard General Insurance To Enhance Customer Benefits. 

RENAME - 

* India Bulls Housing Finance Has Been Renamed As SAMMAN CAPITAL. 

RANKING - 

* India Overtakes Brazil And Indonesia To Become 3rd Largest Domestic Air Market In The World. 

PRODUCTION - 

* India's Coal Production For June 2024 Is Reached To 84.63 Millions Tonnes. 

* Mangaluru International Airport Commenced International Cargo Operations. 

PACT SIGNED - 

* Reserve Bank Of India Has Signed a Pact With Four ASEAN States Malaysia, Philippines, Singapore And Thailand To Expand UPI Service.

(  The Reserve Bank Of India Has Joined The Project NEXUS.) 

( It Is An International Initiative To Enable Instant Cross Border Retail Payments By Interlinking Domestic Fast Payment Systems (FPSs).

* NABARD And Online PSB Loan Limited Has Signed A MoU For Financial Inclusion.

* Export- Import Bank Of India (EXIM) Has Signed Agreement With Guyana Government To Extend INDIA Supported Line Of Credit Of $2.50 million For Installation Of Solar Photovoltaic Power Plant.

* GAIL Gas Has Signed a Bulk Domestic Piped Natural Gas Agreement With The Bankers Institute Of Rural Development Of The National Bank For Agriculture And Rural Development For PNG Supplement In Mangaluru.

* SAIL And IIT Kanpur Signed MoU For Promoting Collaboration In Research And Development And Consultancy Studies In The Field Of Mutual Interest. 

*  Ministry Of Defense And National Stock Exchange Of India ( NSE) Has Signed MoU To Facilitate Capital Market Access To MSMEs.

AWARDS -  

* GRSE Wins Sustainable Governance Champion Award 2024.

* NALCO Port Facilities, Vishakapatanam Has Awarded First Prize In Special Campaign 3.0 For Maintaining Clean And Sustainable Land Uses Practices 

* Hindustan Petroleum Corporation Limited ( HPCL) Has Honoured With Leadership Excellence Award 2024. 

*  Parijat Industries India Private Limited Has Honoured With CSR Leadership Award 2024.

* NTPC Has Won Three Awards At The Prestigious Economic Times Future Skills Award 2024.

* Best Advanced In Creating An Extended Enterprise Learning Programme - GOLD

* Best Use Of AI/AR/VR in Learning And Up Skilling - GOLD 

* Best Uses Of Games Or Simulations In L & D - Silver 

* MoHUA Awarded Best Performers Under PM SVANidhi And DAY- NULM.

* NHPC Conferred With The ET HR World Future Skill Gold Award 2024 For D & I Learning Initiative.

*  Madhya Pradesh State Has Topped In PM SVANidhi Scheme As Best Performing State. 

* BEL Has Been Awarded First Prize In Excellent Achievement Category At The Government Achievement & Scheme Expo 2024.

*  REC Limited Has Conferred With The Technology Excellence Award For The IT Project Generative AI Implementation In REC.

SKOCH AWARDS - 

* Bihar State Power Transmission Company  Limited Has Won SKOCH GOLD Award In Power Energy Category.

* BEL's Digital Agriculture Project Has Win Elets Technology Excellence Award 2024

*  CA Arpit Jagdish Kabra Has Been Honoured With International Excellence Awards 2024.

* Nagaland Horticulture Department Bagged Promotion Of Best Horticulture Farming And Products Award At The International Agriculture And Horti Expo, Delhi.

PERSON PASSED AWAY - 

* The Head Of Camlin Group, Subash Dandekar Passes Away.

* Former Chairman And Director Of GAIL C R Prasad Passes Away.