Banking, Finance & Economy Current Affairs - 2022-23

Notes:
Ajay Bhushan Pandey was appointed as Chairman of the National Financial Reporting Authority (NFRA) for a period of three years. He is a former finance secretary.

Notes:
The Ordnance Factories’ Day is observed on the 18th of March every year. The production of India’s oldest Ordnance Factory, which is at Cossipore of Kolkata, was started on the 18th of March, 1802. OFB is the 37th largest defence equipment manufacturer in the world, 2nd largest in Asia, and the largest in India.

Notes:
Atal Innovation’s mission has been extended till March 2023 at an additional expenditure of more than INR 2000 crore.

Notes:
As per the data by the Ministry of Commerce and Industry, the number of domestic patent filings at the Indian patent office exceeded that of international filings for the first time in the last 11 years. During the January-March quarter of 2022, a total of 19796 patent applications were filed, which included 10,706 patents filed by Indian applicants and 9,090 by non-Indian applicants.

Notes:
Kotak Mahindra Bank (KMBL) has launched Kotak FYN, a new enterprise platform designed specifically for Business Banking and Corporate clients. Customers of the bank can utilise the portal to conduct all trade and service transactions.

Notes:
Post Pandemic Situation has improved, therefore industrial production has shown a positive growth trend with a slight edge over the last month of January. The Index of Industrial Production covers 8 core sectors including Cement, Coal, Crude Oil, Fertilizer, Renewables, Electricity, Natural gas, and Steel. Sector growth is computed monthly and a cumulative result is shown. IIP has grown at 1.7% with a positive Philip of 0.2% over the last month. It is indicative of the fact that manufacturing is gathering pace.

Notes:
The annual World Day for Safety and Health at Work on 28 April promotes the prevention of occupational accidents and diseases globally. The World Day for Safety and Health at Work 2022 focuses on enhancing social dialogue towards a culture of safety and health.

Notes:
India’s retail inflation took a sudden turn and jumps to 7.79 percent in April, which was mainly caused due to high oil and food prices. This is the fourth consecutive month where CPI figures stood above RBI upper tolerance limit. The previous record stood at 8.33 percent in May 2014.

Notes:
During the review of the asset monetization plan it has been revealed that the government has monetized the assets worth 96,000 crores for FY22 compared to the target of 88,000 crores. This has been achieved by state and central governments under the asset monetization program and in upcoming years they have an investment potential of 9 lakh crores.

Notes:
Union Cabinet Minister of Electronics & Information Technology, Communications and Railways, Ashwini Vaishnaw has inaugurated the National Institute of Electronics and Information Technology (NIELIT) Centre Leh, Ladakh.