Banking, Finance & Economy Current Affairs - 2022-23

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Union Minister of Ports, Shipping and Waterway and AYUSH Sarbananda Sonowal flagged off the maiden voyage of barges with a consignment of 1798 metric ton of finished steel products from Haldia in West Bengal to Pandu in Assam through the Indo-Bangladesh Protocol route (IBP route)

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UNCTAD report revised India’s GDP growth to 4.6% for FY2022. In its economic growth report, United Nations Conference on Trade and Development (UNCTAD) report downgraded India’s growth projection for FY2022 from 6.7% to 4.6%.

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BYJU is the official sponsor of the FIFA World Cup, Qatar 2022. Byju’s will now be able to use the Fifa World Cup logo, badge, and assets to build unique promotions and distribute them to football fans all around the world. As part of the partnership, the company will also offer educational content for young fans.

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NCLT orders Corporate insolvency of Supertech builders, accepting a plea of creditors led by Union Bank of India.

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Banks were directed to implement the lockable cassette swap in a phased manner, such that at least one-third ATMs operated by them is covered every year, while all ATMs achieve cassette swap by March 31, 2021. RBI has further extended the timeline for implementation of cassette swap in all ATMs by a year till March 31, 2023.

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According to government data released, India’s trade imbalance increased by 87.5 percent to $192.41 billion in 2021-22, up from $102.63 billion the previous year.

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The investment under the National Monetization Pipeline has reached 96000 crore Indian Rupees, as against the government’s target of 88,000 cr Indian Rupees. The ambitious National Monetization Pipeline (NMP) mooted in August 2021, has a target of raising 6 Lakh crore rupees over 4 years from 2022-to 2025.Its focus sectors are Road, Railways, Power, Coal, Mining among others .

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Shri Amit Shah, Union Minister of Home Affairs and Cooperation, launched the Amrit Samagam, a summit of the country’s tourism and cultural ministers, in New Delhi. The Ministry of Culture is hosting a two-day conference, as part of the Azadi ka Amrit Mahotsav.

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Bharat Petroleum Corporation Ltd. (BPCL), an Indian oil refinery, has teamed with Microsoft to improve its customer experience. It will also integrate cloud computing and artificial intelligence (AI) to help the oil and gas business adapt digitally. Microsoft will supply BPCL with infrastructure-as-a-service, platform-as-a-service, and cloud network and security services over the course of the seven-year partnership.

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Maharashtra became the first state in India to develop a website-based Migration Tracking System (MTS) application to track the movement of migrant workers through individual unique identity numbers. The MTS project aims to ensure the continuity of Integrated Child Development Services (ICDS) for migrant beneficiaries, such as children under the age of 18, lactating mothers, and pregnant women who are registered with Anganwadi centers.