BUDGETS IN VARIOUS STATES:
- Arunachal Pradesh Finance Minister presented the deficit budget of 285 crores.
- Telangana Finance Minister presented the budget of rupees 1,49,646 crores for the year 2017-18.
- Andhra Pradesh Government presented a budget of Rupees 1,56,999 Crores for the current financial year 2017-18.
- Meghalaya Government presented the budget for Rs. 1236 crores.
- Tamil Nadu Government presented a budget of Rs. 1,59,363 crores for the financial year 2017-18.
INTERNATIONAL FINANCIAL AWARENESS:
- Mark Tucker have become the Chairman of HSBC Holding Plc and Stuart Gulliver is the Chief Executive Officer of HSBC Holding Plc.
- Intel has decided to buy Mobileye, Israeli-based company for USD 15.3 billion.
- Hyundai, a South Korean based automobile company tied up with Iran Oil company for 3.2 Billion dollars.
- Rupees 18.5 crores have been allocated by Government of Pakistan for national Census 2017.
- MOU signed between China and Saudi Arabia on Energy, investment, space and another sector for USD 65 Billion.
- USD 175 million was allocated by World Bank for National Hydrology Project of India.
- For maintenance of Sukhoi-30MKI Jets India and Russia have tied an MOU for USD 300 million.
- To acquire AH-64E apache level helicopters, US government and Boing Co have tied up with USD 3.4 billion.
- G20 Finance Ministers and Central Bank Governor meet held in Germany.
BANKING AWARENESS:
- Karnataka Bank has signed MOU with Bajaj Allianz General Insurance Company to provide non-life insurance products to bank customers.
- Yes Bank has tied up with Udaipur, Nashik and Puducherry for smart city initiatives to provide payment related solution.
- An agreement worth of USD 274 Crores was allocated German Development Bank and State Bank of India for providing affordable housing in India.
- SBI Infra Management Solution Private Limited have been wholly own by State Bank of India to manage its premises and estate related matters.
- Reserve Bank of India have removed all the restriction on withdrawal of money from saving accounts from March 13, 2017.
- Digital Wallets are opened by Reserve Bank of India for Unified Payment Interface as a part of digitisation of India.
- One Time Settlement Scheme launched by State Bank of India for tractor loans at the total cost of 6000 crores.
- IndusInd bank, a Mumbai-based bank agreed to buy 100 percent stake in Infrastructure Leasing and Financial Service Limited.
- Chief Executive Officer of Reliance Commercial Finance Private Limited is Devang Mody.
- HDFC has launched digital loans against security services.
- Future Generali Insurance Company has tied up with UCO bank, a Kolkata-based bank to market its product through UCO bank customers.
- State Bank of India has tied up with CREDAI, a real estate developer to develop realty sector.
- Bibhu Prasad Kanungo was appointed as the new Deputy Governor of Reserve Bank of India replacing Mr R. Gandhi.
- Bandhan Bank, a Kolkata-based bank have tied up with Avenues India Private Limited to provide payment Gateway product and Point of Sales to merchants.
- Reserve Bank of India has got permission from Government of India to release trail plastic notes with 10 rupees denomination.
- United Bank of India had got 418 crores as a capital infusion from the centre under turnaround linked capital infusion plan.
- CASHe tied up with Rubique, an online market place to sell financial products.
- Essar Steels Nand Niketan is the first private cashless township is located in Gujarat.
- Managing Director and CEO of Indian Bank is Kishore Piraji Kharat.
- Managing Director and CEO of IDBI bank is Mahesh Kumar Jain.
- ONGC have tied up with Gujarat State Petroleum Corporation’s entire 80% stake for USD 1.2 Billion.
- ONGC, a Dehradun-based Oil and gas Company, have planned to develop India’s deepest gas discovery UD-1 by investing 21528 crores.
- ESAF Small Finance Bank was opened in Thrissur in Kerala.
GOVERNMENT OF INDIA:
- Rupees 52000 lakhs is given for blue revolution to develop fisheries in India by Union Government.
- Rs. 600 crores project Trade Infrastructure for Export Scheme (TIES) have been launched by Union Minister of Commerce and Industry, Ms. Nirmala Sitharaman to manage Export linked Infrastructure.
- 20 new project worth 1900 crores have been introduced by on the under Clean Ganga Project.
- India ‘s contribution to United Nations is Rs. 244 crores in 2015-16.
- Union Government has given dearness allowance or Dearness relief for central Government employees and pensioners from 2 percent to 4 percent.
- Rs.1160 crore was allocated to bring 50 new Kendriya Vidalayas under Civil or defence sector.
- Next Chairman of Public Account Committee is Mallikarjun Kharge.
- Finance Ministry released a report that 29 lakh debt card were affected by virus in ATM machines which were connected to a switch made by Hitachi.
- 8586 crore have allocated by the government under turnaround linked capital infusion plan for 10 PSU’s.
- Union Ministry approved 4 GST Legislations. The fourth GST legislation will be released as money bill in parliament to get final approval.
