Banking, Finance & Economy Current Affairs - 2022-23

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Recently ,The Tribal Cooperative Marketing Development Federation of India (TRIFED) has signed MoU with Rambhau Mhalgi Prabodhini- Nation First Policy Research Centre (RMP-NFPRC). The MoU was signed to have a partnered effort to leverage knowledge, expertise, and institutional strengths

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The government of India has appointed K V Kamath as chairperson of the National Bank for Financing Infrastructure and Development (NaBFID).

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India and ASEAN nations have approved a work plan titled India-ASEAN Digital Work Plan 2022, during the second ASEAN Digital Ministers’ (ADGMIN) Meeting held virtually.

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The United States was India’s top trading partner in the calendar year 2021 with a trade of $112.3 billion.

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Small Industries Development Bank of India (SIDBI) has launched the ‘Waste to Wealth Creation’ programme for women in the Sundarbans in West Bengal.

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Ideal Finance Ltd which is the subsidiary of Mahindra and Mahindra Financial Services Ltd has rebranded its company as ‘Mahindra Ideal Finance Ltd (MIFL). The moto behind rebranding is to make MIFL one of the leading licensed finance firms in Sri Lanka.

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The Ministry of Ports, shipping & Waterways has recently said that the MV Ram Prasad Bismil has become the longest vessel to sail on the Brahmaputra River. The ship is 90 meters long, 26 meters wide and 2.1 meters loaded with the draft. The Inland Waterways Authority of India (IWAI) as well as Bangladesh Inland Water Transport Authority (BIWTA) worked together. The Government of India with Government of the People’s Republic of Bangladesh has funded with the ratio of 80:20 respectively. The ship was loaded with 1,793 MT of Steel rods from Tata Steel in Jamshedpur – had a requirement of a draft of 2.0 meters. The vessel carried a consignment of 200 MT food grains for Food Corporation of India (FCI) from Patna to Pandu, successfully completing the Pilot Movement cargo between Ganga, the National Waterway 1 (NW1), and Brahmaputra, the National Waterway 2 (NW2).

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IT major Infosys and leading industrial tech company Rolls-Royce opened their joint “aerospace engineering and digital innovation centre’’ in Bengaluru, Karnataka. This centre has been established to provide high-end R&D services integrated with advanced digital capabilities to Rolls-Royce’s engineering and group business services from India.

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Telangana saw a large-scale protest following the CCEA’s decision to cut procurement of parboiled rice.

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India has established a Global Investment Fund with the cooperation of the United Kingdom under global investment partnership. Global Investment Partnership would mean attracting investment, catering to different areas including innovation, infrastructure development, capacity building, etc. The fund would leverage long-term capital investment.