4 July 2022

Current Affairs One-Liner: 4th July 2022

Current Affairs One-Liner: 4th July 2022

Important Days & Events 3rd July is celebrated as “The International Plastic Bag Free Day” Edition: 13th Ranks & Indices: QS Best Student Cities Ranking 2023 Released by: global higher education consultancy Quacq…

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Fifth edition of the Business Reforms Action Plan (BRAP) 2020

Fifth edition of the Business Reforms Action Plan (BRAP) 2020

Current Context: The latest 5th edition of the Business Reforms Action Plan (BRAP), 2020 categorized into top achievers, achievers, aspirers, and emerging business ecosystems. Seven states Including Andhra Pradesh and …

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Central Bank’s DICGC to pay depositors of Two co-operative banks in August

Central Bank’s DICGC to pay depositors of Two co-operative banks in August

Current Context: Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai next month. The am…

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Fund raising via debt placement drops 39% in April-May

Fund raising via debt placement drops 39% in April-May

Current Context: Fundraising by listed companies through private placement of corporate bonds dropped 39% to Rs 32,405 crore in the first two months of the current financial year. Fundraising through the route plunged to…

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Export duty on steel and petro products to hit corporate earnings in FY23

Export duty on steel and petro products to hit corporate earnings in FY23

Current Context: A special tax on the export of steel, iron ore, and petroleum products, and a windfall profit tax on crude oil producers are likely to hit the overall corporate earnings. Mining & metals and crude oi…

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India Successfully Tests Indigenously Developed Anti-Tank Guided Missile

India Successfully Tests Indigenously Developed Anti-Tank Guided Missile

Current Context: The DRDO and the Indian Army successfully tested indigenously-developed anti-tank guided missile at the KK range. Anti-tank guided missile (ATGM) was successfully test-fired from the Arjun battle tank. A…

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3 July 2022

Current Affaiers One-Liner: 3rd July 2022

Current Affaiers One-Liner: 3rd July 2022

Appointments Ketanji Brown Jackson was sworn in as 1st Black woman to serve in US Supreme Court. According to a UN report, India’s urban population is expected to reach 675 million in 2035. Three Singaporean satellites…

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Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme

Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme

Current Context: Ministry of Food Processing announced PMFME Scheme, under Aatmanirbhar Bharat Abhiyan, has completed two years. The main objective of the scheme is to envision and enhance the individual micro-enterprise…

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Large Borrowers loan accounts and bad loans decline for SCBs

Large Borrowers loan accounts and bad loans decline for SCBs

Current Context: As per RBI's recent report the share of large borrowers for scheduled commercial banks and gross NPA has declined in recent times. Share of large borrowers, whose aggregate fund and non-fund based ex…

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SFBs Balance sheet growth raises quality concerns

SFBs Balance sheet growth raises quality concerns

Current Context: According to the Financial stability report rapid growth in the balance sheets of small finance banks (SFBs) has raised concerns about asset quality, especially in standard restructured loans. As per the…

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Bank Frauds of over Rs 100 cr see significant decline in FY22

Bank Frauds of over Rs 100 cr see significant decline in FY22

Current Context: Frauds in the banking sector have declined by Rs 41,000 crore reporting cases worth in 2021-22 compared to Rs 1.05 lakh crore in the previous year. According to official data, the number of fraud cases in…

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Public Sector banks shut down 2,044 branches in FY22

Public Sector banks shut down 2,044 branches in FY22

Current Context: Indian government-owned banks saw a reduction of 2,044 branches and about 13,000 employees in 2022 compared to earlier. As per the report, The number of branches of private banks went up by 4,023 to 34,34…

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