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Daily Current Affairs – Banking – April 01, 2023

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National News

I&B minister Anurag Thakur to address Lokmat National Media Conclave in Nagpur

• Union Minister for Information and Broadcasting Anurag Thakur will be speaking at the Lokmat National Media Conclave.
• The conclave is on the topic `Is Indian media completely polarised?’.
• The event has been organised on the occasion of the birth centenary of freedom fighter and founder editor of Lokmat Media Group Jawaharlal Darda alias ‘Babuji’ and golden jubilee of the Lokmat Nagpur edition.
• Ministry of Information and Broadcasting – Anurag Singh Thakur,Union Minister (Hamirpur, Himachal Pradesh) – Loganathan Murugan,Minister of State (Rajya Sabha MP,MP)

State News

European Commission grants GI tag for Himachal’s Kangra tea

• The European Commission (EC) has granted protected geographical indication (PGI) for India’s unique Kangra tea, which is grown in Himachal Pradesh’s Kangra district.
• Kangra tea is grown at an elevation ranging from 900 to 1,400 metres above sea level with the annual rainfall being 270-350 cm. 
• Himachal Pradesh – Shimla (Summer), Dharamshala (Winter) (Capital) – Sukhvinder Singh Sukhu (CM) – Shiv Pratap Shukla (Governor) –Hindi (Language)

Assam tea gardens get Rs 63 crore govt assistance to tackle pandemic losses

• The Assam government disbursed Rs 63.05 crore as a financial incentive to 370 tea gardens in the state to help them mitigate the adverse impact of the pandemic.
• Chief Minister Himanta Biswa Sarma said the tea industry was the backbone of the state’s economy, making up nearly 90 per cent of its gross export value, besides providing direct and indirect employment to over a million people.
• Assam– Dispur (Capital) – Himanta Biswa Sarma (CM) – Gulab Chand Kataria (Governor) – Assamese & Boro (Language)

Rs 303 crores sanctioned for redevelopment of Cuttack railway station

• Union Education Minister Dharmendra Pradhan said that Cuttack Railway Station will be redeveloped as a world class station and Rs 303 crore have been sanctioned for the redevelopment work.
• Ministry of Education – Dharmendra Pradhan,Union Minister (Rajya Sabha MP,MP) – Subhas Sarkar, Minister of State (Bankura, West Bengal), Annpurna Devi Yadav, Minister of State (Kodarma, Jharkhand), Rajkumar Ranjan Singh, Minister of State (Inner Manipur,Manipur)

Banking and Finance

Axis Bank, Shriram Housing Finance announce partnership for co-lending

• Private sector lender Axis Bank and Shriram Housing Finance Limited (SHFL) announced partnership under the co-lending model through the Yubi Co.Lend platform.
• Through this partnership, both the lenders will offer secured MSME (Micro, Small and Medium Enterprises) loans and home loans to the middle and low-income segment borrowers based in rural and semi-urban regions.
• The partnership will leverage the financial expertise of Axis Bank, and loan processing technology of SHFL to assess the credit profile of borrowers and provide them loans at competitive interest rates.
• Axis Bank – 03/12/1993 (Founded) – Mumbai (HQ) – Amitabh Chaudhry (MD & CEO) – “Badhti Ka Naam Zindagi” (Tagline)
• Shriram Housing Finance Limited (SHFL) – April 1974 (Founded) – Chennai (HQ) – Ravi Subramanian (MD & CEO)

Aditya Birla Health Insurance enters into bancassurance partnership with UCO Bank

• Aditya Birla Health Insurance Co. Ltd. (ABHICL) has entered into a bancassurance partnership with UCO Bank for the distribution of health insurance products through the bank’s branches across the country.
• This partnership will enable ABHICL to expand its national footprint by leveraging UCO Bank’s widely distributed network of 3,164 branches and reach out to more than 40 million of its Indian customers.
• With this new partnership, ABHICL now has 17 bancassurance partners with over 80,000 direct selling agents, across the country.
• UCO Bank (formerly United Commercial Bank) – 06/01/1943 (Founded) – Kolkata (HQ) – Soma Sankara Prasad (MD & CEO) – “Honours your Trust” (tagline)
• Aditya Birla Health Insurance Co. Ltd. (ABHICL) – 2015 (Founded) – Chennai (HQ) – Mayank Bathwal (CEO)

AMNS Luxembourg Holding signs $5 billion loan agreement with consortium of Japanese banks

• ArcelorMittal said that AMNS Luxembourg Holding S.A., the parent company of AM/NS India, ArcelorMittal’s 60/40 steelmaking joint venture with Nippon Steel Corporation in India, has entered into a $5 billion loan agreement with a consortium of Japanese banks.
• The consortium includes Japan Bank for International Cooperation, MUFG Bank, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Mizuho Bank, and Mizuho Bank Europe N.V.
• The proceeds obtained through the JBIC co-financing loan will be used to finance the expansion of AM/NS India’s annual steelmaking capacity at its Hazira plant from 9 million tonnes to 15 million tonnes.

Business and Economy

India unveils ‘dynamic’ foreign trade policy, eyes USD 2 trillion exports by 2030

• India came out with a ‘dynamic and responsive’ foreign trade policy with the objective of raising the country’s outward shipments to USD 2 trillion by 2030, making Indian Rupee a global currency and incentivising e-commerce exports.
• The approach of Foreign Trade Policy (FTP) 2023 is to move from ‘incentive to remission’ based regime; encourage collaboration between exporters, states, districts and Indian Missions; reduce transaction cost; and develop more export hubs.

BharatPe Group Partners with Women Entrepreneurship Platform to Foster Women Entrepreneurship in India

• Business Wire India BharatPe Group, one of India’s leading names in fintech industry, announced its partnership with Women Entrepreneurship Platform (WEP) with the objective of enabling women entrepreneurs across India in their journeys of self-reliance and business growth.
• The partnership aims to build a robust ecosystem that brings together women entrepreneurs from different parts of India and equips them with the required domain knowledge as well as the financial and technical know-how needed to fulfill their business goals.
• The core focus area will be facilitating the development of a first-of-its kind aggregator platform that gives access to peer support, mentorship, networking channels and a wide range of learning resources.
• BharatPe – 2018 (Founded) – New Delhi (HQ) – Suhail Sameer (CEO)

Agreements and MoUs signed

Godrej group and SBI sign a strategic MoU to deepen partnership

• Godrej Capital, the financial services arm of the Godrej Group has signed a strategic memorandum of understanding (MOU) with the State Bank of India (SBI) to deepen their partnership, wherein the latter would provide various financial products and offerings.
• This association leverages the strengths of both groups by facilitating a gamut of financial services provided by the bank, including, and not limited to, banking products, credit cards, wealth management, Life Insurance, and General Insurance as preferred partners.
• State Bank of India (SBI) – 01/07/1955 (Founded) – Mumbai (HQ) – Dinesh Kumar Khara (Chairman) – “Pure Banking, Nothing Else” (Tagline)

Science and Technology

New species of Moray eel discovered off Cuddalore coast named after Tamil Nadu

• Researchers have discovered a new species of Moray eel at the Mudasalodai fish landing centre off the Cuddalore coast.
• The species has been named after Tamil Nadu as Gymnothorax tamilnaduensis with common name as Tamil Nadu brown moray.
• The discovery has been published in the latest issue of the international peer-reviewed journal “Zoosystematics and Evolution” by researcher P. Kodeswaran, scientist G. Kantharajan, Principal scientist T.T. Ajith Kumar, Indian Council of Agricultural Research-National Bureau of Fish Genetic Resources (NBFGR), Anil Mohapatra of Estuarine Biology Regional Centre, Zoological Survey of India and Uttam Kumar Sarkar of NBFGR.
• Tamil Nadu – Chennai (Capital) – MK Stalin (CM) – RN Ravi (Governor) – Tamil (Language)

Appointments

Dr Praveer Sinha Reappointed as Ceo & Managing Director Of Tata Power For 4 More Years

• Dr Praveer Sinha, who has been serving as the CEO & Managing Director of Tata Power since May 2018, has been appointed for another four-year term, until April 30, 2027.
• Tata Power Company Limited – 18/10/1919 (Founded) – Mumbai (HQ) – Praveer Sinha (MD & CEO)

Hero MotoCorp elevates Niranjan Gupta as CEO

• The country’s largest two-wheeler maker Hero MotoCorp has elevated Niranjan Gupta as the new Chief Executive Officer (CEO).
• Gupta, currently designated as Chief Financial Officer (CFO), Head – Strategy and M&A.
• Pawan Munjal will continue as executive chairman and whole-time director on the company’s board.
• Hero MotoCorp Limited – 19/01/1984 (Founded) – New Delhi (HQ) –
• Pawan Munjal (Chairman, MD & CEO)

Awards and Recognitions

Kashmir’s Aliya Mir gets Wildlife Conservation Award 2023

• Alia Mir has been honoured with the wildlife conservation award by Lt. Governor of the Jammu and Kashmir Manoj Sinha, becoming the first woman in the Union Territory for her conservation efforts in the region.
• She serves as the Head of Education System in the Wildlife SOS Program.
• Wildlife SOS was founded in 1995.

Global Pride Awards

• The first edition of the Global Pride Awards, held in January 2023 at the Renaissance Bengaluru Race Course Hotel.
• The Global Pride Awards, an initiative of the Global Pride Foundation, is set to recognize exceptional achievers in all industries nationwide.
• Creative Business Award – Biswajit Baruah (Hive Sustainable Solutions)
• Best Pastry Chef Of The Year – Moksha (Moksha Patissier and Chocolatier)
• Architectural Firm of The Year – Sachin V Olety (Archedia)
• Emerging Fashion Talent Of The Year – Mohana Thangavel (Fashion Designer)
• Creative Designing Firm of the year – Haricharan KV (Hexin Designers)
• Excellence In Customer Service – Ramsudeer R (Ramji Cables & Networks)
• Dynamic Business Award – P.S. Mohan (Eco-Friendly Waterproofing)
• Innovative Principal of the Year – Naveen Kumar (Wisdom School)
• Intellectual Coach of the Year – Deepti Sharma (Your Voice In My Voice)
• Excellence In Customer Service – Nithin Kere (Fillpack Technology)
• Best Customer-CentricBusiness – Satish BN (Xito Consultancy Services Private Limited)
• Overall Social Worker of the Year – Dr Nawab Shaik Ibrahim (Indian National Congress)
• Promising Service Provider of the Year – Vasanth (Crystal Event and Service)
• Creative Women Entrepreneur 2022 – Praveena (PAVIZ Interiors)
• Best Entrepreneur Business & Professional Services – Affan Shaikh
• Women Icon of the Year 2022 – Dr Sahithya Reddy (Magic Lantern Studios)
• Best Media Academy – Abin & Siddhu BLU (Academy)
• Best Homebaker of The Year – Vani Sundar (Vani Creative Bakers)
• Young Achiever Award – Kaushal Kumar (R-Concept)
• Best Builders Of The Year – Mukeshwaran (GSM Builders)
• Best Permanent Makeup Clinic & Training Academy – Dr Shangavi Balasubramanian (Esthetica)
• Recognition For Research In Space Science & Technology – Samkeeth Kumar D (Rescape Aerospace)
• Outstanding Education Provider of The Year – Dr Saurabh Kumar Agarwal (Madhavrao Scindia Public School)
• The list also has Emerging Technology Services Startup – Tharinish E (Soni Tech Touch)
• Emerging Startup Of The Year – Digital Marketing – K Sai Jayachandra Reddy (Urban Hands Pvt Ltd)
• Best Crypto Exchange Platform – Bharat Solanki (Rubber Coin)
• Most Creative Fashion & Corporate Photography Crew – Gauthamvalavan (Team Creators)
• Best Career Guidance Professional – Gayathiri Shivalingam (Aspire AIIMS)
• Entrepreneur Of The Year In Service Business – Ashish Kumar Goel (Maple Events)
• Emerging Sustainable Organic Farming Brand Of The Year – Adv. A.U Hrishikesh & Dr Sreeni K R, (Sarvathobhadram Organics)
• Upcoming Architecture & Interior Designing Firm Of The Year – Ar.Rishab Bafna (Inspire Architects & interiors)
• Young Innovator – Chandru.KP (College 360)
• Best Diabetes And Lifestyle Disease Reversal Doctor – Dr Rajender Ramagiri
• Business Trainer Of The Year – Venkatpathi B M (Business & Crypto Expert)
• Fastest Growing Restaurant Chain Of The Year – Vigneshwaran (Grill Nights)
• Business Leader Of The Year – Amogh Madhukar Kudatarkar
• Innovative Designing Firm Of The Year – Vinay Kumar Goda (Godadecors) Digipreneur Of The Year – Mudasir Ahmed (Techmars Services Pvt.Ltd)
• People’s Choice Overseas Education – Syed Amer Ahmed (Forum lead Overseas Education Advisors Pvt.Ltd)
• Excellence in Dentistry – Dr T. Praveen Kumar Reddy (Dr Praveen’s Specialty Dental Hospital)
• Outstanding Innovative Structural Consultants in INDIA, Since 1949 – Sailesh Mahimtura (Mahimtura Consultants)
• Dynamic Entrepreneur – Arts & Entertainment – Tapas Das (Twist N Turns)
• People’s Choice Prominent Emcee – Savi Prakash (Emcee & Theatre Artist)
• Exemplary Women Icon (IRON- LADY) Lifetime Achievement Award – Snehalata Girish Borkar (First generation Entrepreneur, Author & Educator)
• Female Business Icon Of The Year – Dr Amudala Thejo Kumari (Theja Business Solutions)
• Young Artist Of The Year – Prince Katara (Fashion Model)
• Most Enterprising Business – Sourcing, Manufacturing & Exports- Deepak Goyal (Jindaram Exports)
• Excellence In Business- IT Services – Yogesh Srinivas (Interrival Technology Services India Pvt Ltd)
• The Rising Star Of The Year – Soubir Bhatt (V & E Consulting Group)
• Young Dental Achiever Of The Year – Dr Izas Ahamed (Elil Dental Clinic).

Sports News

ITBP wins 13th All India Police Commando Competition

• The Indo-Tibetan Border Police (ITBP) has won the 13th edition of the All India Police Commando Competition (AIPCC) 2023 organized by the National Security Guard (NSG).
• A total of 24 top commando teams from the Central Armed Police Forces and State Police Forces participated in the competition.
• The competition was organized by the All India Police Sports Control Board (AIPSCB).
• Central Armed Police Forces (CAPF) – CAPF is further classified into three: Border Guarding Forces—Assam Rifles (AR), Border Security Force (BSF), Indo-Tibetan Border Police (ITBP), and Sashastra Seema Bal (SSB); Forces for Internal Security—Central Industrial Security Force (CISF) and Central Reserve Police Force (CRPF); and Special Task Force—National Security Guard (NSG) – Ministry of Home Affairs (Under)

Important Days

International Transgender Day of Visibility

• International Transgender Day of Visibility is annually observed on March 31.
• The day is dedicated to celebrating transgender people and raising awareness of discrimination faced by transgender people worldwide, as well as a celebration of their contributions to society.
• The event was created by transgender activist Rachel Crandall of Michigan in 2009.

Utkal Divas or Odisha Day

• Odisha Day, also popularly known as Utkala Dibasa or Odisha Dibasa, is celebrated every year on April 1 in Odisha.
• On this day in 1936, the Indian state of Odisha was carved out of the combined Bengal.

Defence

MoD signs contracts with Indian shipyards for acquisition of next generation vessels

• In a huge boost to achieve ‘Aatmanirbharta’ in defence, Ministry of Defence, signed contracts with Indian shipyards for acquisition of 11 Next Generation Offshore Patrol Vessels and six Next Generation Missile Vessels at an overall cost of approx. Rs 19,600 crores.
• The contract for acquisition of 11 Next Generation Offshore Patrol Vessels under Buy (Indian-IDDM) category was signed with Goa Shipyard Ltd (GSL) and Garden Reach Shipbuilders and Engineers (GRSE), Kolkata at a total cost of Rs 9,781 crore.
• Of the 11 ships, seven will be indigenously designed, developed & manufactured by GSL and four by GRSE.
• The delivery of the ships is scheduled to commence from September 2026.
• The contract for acquisition of six Next Generation Missile Vessels (NGMV) was signed with Cochin Shipyard Limited (CSL) at a cost of Rs 9,805 crore.
• The delivery of ships is scheduled to commence from March 2027.
• Garden Reach Shipbuilders & Engineers Ltd, – 1884 (Founded) – Kolkata (HQ) – Cmde PR Hari,IN (Retd.) (Chairman & MD)
• Goa Shipyard Limited (GSL) – 1957 (Founded) – Vasco da Gama, Goa (HQ) – Brajesh Kumar Upadhyay (Chairman & MD)
• Cochin Shipyard Limited (CSL) – 29/04/1972 (Founded) – Kochi, Kerala (HQ) – Madhu S. Nair (Chairman & MD)

MoD inks contract with BrahMos Aerospace for procurement of NGMMCBs & BrahMos Missiles

• Ministry of Defence, inked a contract with BrahMos Aerospace Private Limited (BAPL) for procurement of Next Generation Maritime Mobile Coastal Batteries (Long range) {NGMMCB (LR)} and BrahMos Missiles at an approximate cost of over Rs 1,700 crore under Buy (Indian) Category.
• The delivery of NGMMCBs is scheduled to commence from 2027.
• These systems will be equipped with supersonic BrahMos Missiles and will significantly enhance multi-directional maritime strike capability of Indian Navy.
• BrahMos Aerospace – 12/02/1998 (Founded) – New Delhi (HQ) – Atul Dinkar Rane (CEO & Managing Director)

Daily Current Affairs – April 01, 2023 – Consolidated

• I&B minister Anurag Thakur to address Lokmat National Media Conclave in Nagpur
• European Commission grants GI tag for Himachal’s Kangra tea
• Assam tea gardens get Rs 63 crore govt assistance to tackle pandemic losses
• Rs 303 crores sanctioned for redevelopment of Cuttack railway station
• Axis Bank, Shriram Housing Finance announce partnership for co-lending
• Aditya Birla Health Insurance enters into bancassurance partnership with UCO Bank
• AMNS Luxembourg Holding signs $5 billion loan agreement with consortium of Japanese banks
• India unveils ‘dynamic’ foreign trade policy, eyes USD 2 trillion exports by 2030
• BharatPe Group Partners with Women Entrepreneurship Platform to Foster Women Entrepreneurship in India
• Godrej group and SBI sign a strategic MoU to deepen partnership
• New species of Moray eel discovered off Cuddalore coast named after Tamil Nadu
• Dr Praveer Sinha Reappointed as Ceo & Managing Director Of Tata Power For 4 More Years
• Hero MotoCorp elevates Niranjan Gupta as CEO
• Kashmir’s Aliya Mir gets Wildlife Conservation Award 2023
• Global Pride Awards
• ITBP wins 13th All India Police Commando Competition
• International Transgender Day of Visibility
• Utkal Divas or Odisha Day
• MoD signs contracts with Indian shipyards for acquisition of next generation vessels
• MoD inks contract with BrahMos Aerospace for procurement of NGMMCBs & BrahMos Missiles

Daily Current Affairs – March, 2023

Aspirants can check the Daily Current Affairs which is uploaded in our Veranda Race Website from the links that are provided below. 

Day	Current Affairs Link
Daily Current Affairs – March 31, 2023	https://raceinstitute.in/daily-current-affairs-march-31-2023/
Daily Current Affairs – March 30, 2023	https://raceinstitute.in/daily-current-affairs-march-30-2023/
Daily Current Affairs – March 29, 2023	https://raceinstitute.in/daily-current-affairs-march-29-2023/
Daily Current Affairs – March 28, 2023	https://raceinstitute.in/daily-current-affairs-march-28-2023/

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