Banking, Finance & Economy Current Affairs - 2022-23

Notes:
Justice Sudhanshu Dhulia and Justice Jamshed B Pardiwala have been appointed as the supreme court judges, under article 124. Now the total strength is complete with 34 judges.

Notes:
Infosys has re-appointed Salil Parekh as MD, and CEO for another 5years.

Notes:
During an ongoing Quad summit in Tokyo, India and US have signed an Investment incentive agreement that provides additional investment support and will further help in the country’s development. Earlier this agreement has been signed between India and the US in the year 1997. which includes the creation of DFC (Development Finance Corporation). The Corporation or its precursor agencies are active in India since 1974 and have so far provided investment support worth USD 5.8 billion.

Notes:
WhatsApp launched SMBSaathi Utsav initiative which aims to support small businesses by helping them to adopt digital mediums like Whatsapp Business App. Utsav has started the initiative with a pilot in Jaipur’s Johri Bazaar and Bapu Bazaar where over 500 small businesses are being trained. The initiative was launched in the collaboration with Josh Talks. The SMBSaathi Utsav is the second phase of the SMBSaathi campaign.

Notes:
According to the United Nations Conference on Trade and Development, India jumped one position to 7th among the top recipients of foreign direct investment compared to 2021.

Notes:
Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) announced that it has partnered with PhonePe Insurance Broking Services Pvt.

Notes:
National Democratic Alliance (NDA) presidential candidate Droupadi Murmu becomes the 15th President and first tribal president of India.

Notes:
On the sidelines of the Shanghai Cooperation Organisation(SCO) External affairs minister of India S. Jaishankar might hold a bilateral meeting with Afghanistan’s foreign minister Amir Khan Muttaqi. Since June, the Taliban government has been requesting for the meeting. In June India has decided to reopen its embassy in Kabul after it was closed due to the Taliban’s take over of the country in 2021.

Notes:
The initiative will now have a maximum project value of Rs 50 crore, up from Rs 10 crore previously.

Notes:
Tata Group is planning to spend Rs 3,000 crore on Research and Development by FY26 and is set to roll out the ‘First in India’ seating system for Vande Bharat Express trains from September 2022.