Banking, Finance & Economy Current Affairs - 2022-23

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Under the National Monetization Pipeline, the Centre plans to divest brownfield assets such as airports, thereby increasing competition in this sector. At least 25 additional airports have been identified for monetization in the next three years. Furthermore, there has been increased focus on increasing regional connectivity.

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The Centre has appointed former Supreme Court Judge Justice Ashok Bhushan as the new Chairperson of the National Company Law Appellate Tribunal (NCLAT), for a period of four years or until he attains the age of 70 years, whichever is the earliest. He was the former Chief Justice of Kerala High Court. NCLAT was formed by the government under Section 410 of the Companies Act, 2013.

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Games24x7 has announced Hrithik Roshan as the brand ambassador for the online skill gaming platform, RummyCircle. As part of the partnership, Roshan will be seen in multimedia campaigns by RummyCircle, spanning across TV, digital and social media platforms

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Export-Import Bank of India (Exim Bank) on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing the purchase of petroleum products.

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Chief Minister of Assam, Himanta Biswa Sarma has launched India’s first Night Navigation mobile application for ferry services on the Brahmaputra River in Guwahati, Assam.

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Board of Control for Cricket in India (BCCI)’s, Indian Premier League (IPL) Governing Council has announced National Payments Corporation of India (NPCI)‘s flagship product RuPay as an official partner for the Tata IPL 2022. This will be a multi-year partnership. RuPay offers tech-led, innovative, and customized offerings to people across India, being accepted in India and internationally.

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Tata Steel has appointed Noel Naval Tata, a trustee on the boards of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, its additional director and designated him as the vice-chairman. A decision in this regard was taken by the board of the company at its meeting.

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Prasar Bharati has signed an MoU with the Public Broadcaster of Argentina Radio Television Argentina (RTA) for collaboration in the field of broadcasting.

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Maharashtra Cabinet approved the ‘Maharashtra Gene Bank’, a first-of-its-kind project in India. To conserve genetic resources in Maharashtra including marine diversity, seeds of local crops, and animal diversity. In the next five years, an amount of Rs 172.39 crores will be spent on these seven focus areas.

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Ruchi Soya, an edible oil company, has announced that it will buy Patanjali Ayurved’s food division for Rs 690 crore. Ruchi Soya’s transition to the fast-moving consumer goods (FMCG) category is likely to be accelerated as a result of this. After regulatory permissions, the name of Ruchi Soya Industries Ltd would be changed to Patanjali Foods Ltd. Ghee, honey, spices, juices, and wheat are among the 21 products in the acquired food industry.