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CURRENT AFFAIRS: IMPORTANT DAYS
National Nutrition Week
- In India, National Nutrition Week is observed every year from September 1 to September 7 to raise public awareness about nutrition and healthy eating habits.
- The week is observed to make people understand the importance of nutritional and adaptive eating habits so that they can maintain a healthy lifestyle.
History:
- In 1975, the members of the American Dietetic Association (ADA), now called the Academy of Nutrition and Dietetics, started National Nutrition Week in March.
- It was observed to raise public awareness about good nutrition and also to promote the profession of dietitians.
- The initiative received such a warm response that the week-long celebration went on for a month in 1980.
- In India, the history of National Nutrition Week dates back to 1982 when the government launched a campaign 1982 to educate individuals about the importance of nutrition and urged them to maintain a healthy and sustainable lifestyle.
- The government of India launched ‘POSHAN Abhiyan’ in 2018 to educate people about health and nutrition as they play a significant role in overall human development and social infrastructure.
CURRENT AFFAIRS: NATIONAL NEWS
NITI Aayog to establish 500 Atal Tinkering Labs in J&K:
- More than 500 Atal Tinkering Labs (ATLs) will be set up in Jammu and Kashmir by the Atal Innovation Mission (AIM) and NITI Aayog to foster an inventive mentality among high school students.
- The Center’s AIM created its flagship program, ATL, to foster an innovative mentality among high school students throughout India.
- The Atal Tinkering Labs in J&K, where inventive students showcased their models and discussed the difficulties they encountered while developing these ideas.
- The government has instructed the Department of School Education to actively include pupils in various experiments and scientific activities to foster a scientific mindset among them in fields like machine learning and artificial intelligence.
CURRENT AFFAIRS: INTERNATIONAL NEWS
IndiGo joins WEF’s sustainable initiative
- India’s largest carrier IndiGo has joined a sustainable initiative spearheaded by the World Economic Forum (WEF).
- The airline has become a signatory to the Clear Skies for Tomorrow (CST), India Coalition campaign.
Key Highlights :
- IndiGo’s commitment to the deployment of sustainable initiatives will help in achieving a significant scale for SAF (Sustainable Aviation Fuel) to gain a critical mass and bring in cost-efficiency for widespread adoption in India.
- On February 18, 2022, IndiGo operated its brand new A320 neo plane from Toulouse, France to New Delhi with a 10% blend of SAF.
- The goal is to have commercially viable SAF production (both bio and synthetic) at scale for industry-wide adoption by 2030 to support aviation’s overall net-zero pathway by 2050.
- The global coalition now has more than 80 members.
- In July 2022 IndiGo had a domestic market share of 58.8%.
About CST :
- Clean Skies for Tomorrow, launched in January 2019.
- It provides a crucial mechanism for top executives and public leaders, across and beyond the aviation value chain.
- It is aligned on a transition to sustainable aviation fuels as part of a meaningful and proactive pathway for the industry to achieve carbon-neutral flying.
About IndiGo :
- Founded: 2005
- Commenced Operations: 4 August 2006
- Headquarters: Gurgram, Haryana, India
- CEO: Rono Dutta
- Founder & MD: Rahul Bhatia
- IndiGo, is an Indian low-cost airline & It is the largest airline in India by passengers carried and fleet size.
About WEF :
- Founded: January 1971
- Headquarters: Cologny, canton of Geneva, Switzerland
- Founder & Executive Chairman: Klaus Schwab
CURRENT AFFAIRS: STATE NEWS
NHPC signs pact with Himachal Pradesh for 500 MW Dugar hydro project
- State-owned hydropower giant National Hydroelectric Power Corporation Private Limited (NHPC) has inked a pact with the Govt of Himachal Pradesh (HP) for the implementation of 500 Mega Watt (MW) Dugar Hydroelectric Project in Chamba, HP.
- The Project is expected to generate 1,759.85 million units in a year.
- The document was signed by Suresh Kumar, General Manager (E), NHPC, and Harikesh Meena, Director (Energy), Directorate of Energy (DoE), Himachal Pradesh.
- The project was issued by CEA on April 26, 2022, & the clearances of Forest & environment are in process.
- On September 25, 2019, a Memorandum of Understanding (MoU) for the 449 MW Dugar Hydro Electric Project was signed between NHPC and the government of HP.
- NHPC carried out detailed surveys and investigations, and techno-economic studies and submitted a detailed project report for an enhanced capacity of 500 MW to Central Electricity Authority (CEA).
About NHPC Limited :
- Founded: 1975
- Headquarters: Faridabad, Haryana
- Chairman & Managing Director: Abhay Kumar Singh
- NHPC Ltd is an Indian government hydropower board under the ownership of the Ministry of Power,
About Himachal Pradesh :
- Governor : Rajendra Arlekar
- Chief Minister: Jai Ram Thakur
- Capital: Shimla (Summer), Dharamshala (Winter)
50th All Manipur Shumang Leela Festival 2021-2022 Begins in Imphal
- The 50th edition of All Manipur Shumang Leela Festival 2021-2022 started at Iboyaima Shumang Leela Shanglen in Imphal, Manipur.
- Manipur Governor Shri La Ganesan and Chief Minister Shri N. Biren Singh attended the inaugural function.
- During the festival, the Governor also distributed medals to the winners of the 49th All Manipur Shumang Leela Festival 2020-21
About Shumang Leela:
- Shumang Leela is a traditional form of theater in
- The roles of female artists are all played by male actors and male characters are played by female artists in the case of female theater groups.
- At present, it has been trying to focus on the issues of moral values, unity, and integrity.
- It has also been trying to strengthen the bond of brotherhood and friendship among various communities in Manipur.
About Manipur :
- Governor: La. Ganesan
- Chief minister: N. Biren Singh
- Capital: Imphal
Uttarakhand CM Pushkar Singh Dhami Launches scheme Mukhya Mantri Udiyaman Khiladi Unnayan Yojana for upcoming players
- Uttarakhand Chief Minister Shri Pushkar Singh Dhami launched a scheme Mukhya Mantri Udiyaman Khiladi Unnayan Yojana during the program was organized at Police Lines, Dehradun., Uttarakhand.
Aim :
- To promote upcoming sports persons in Uttarakhand on the occasion of National Sports Day.
About Mukhya Mantri Udiyaman Khiladi Unnayan Yojana :
- Under the Scheme, a monthly scholarship of Rs 1,500 will be given to budding sports persons aged between 8 and 14 years.
- Every year, a total of 3,900 budding sportspersons 1,950 boys and an equal number of girls will be given the scholarship.
- The CM also appointed 8 sports coaches in each district.
- The CM announced that a Chief Minister Sports Development Fund would be set up to give quick financial benefits to the players by rules and a 4% reservation for skilled players in state services.
- He felicitated the sportspersons with Rajya Khel Puraskar, Uttarakhand Dronacharya Puraskar, Dev Bhoomi Khel Ratna, and Himalayan Khel Ratna Puraskar.
About Uttarakhand :
- Governor: Gurmit Singh
- Chief minister: Pushkar Singh Dhami
- Capitals: Dehradun (Winter), Gairsain (Summer)
CURRENT AFFAIRS: BANKING & FINANCE
SEBI overhauls preferential allotment rules for REITs, InvITs
- The Securities and Exchange Board of India (SEBI) overhauled the pricing norms for preferential allotment of units by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
Key Highlights :
- Under the new framework, the pricing formula for allotment of units under preferential issue would be the Volume-Weighted Average Price (VWAP) of weekly highs and lows for 90 trading days or 10 trading days, whichever is higher.
- Now, the pricing formula in a preferential allotment is the VWAP of the last two weeks or the last 26 weeks, whichever is higher.
- The preferential issue of units to “institutional investors” not exceeding five will have to be made at a price not less than the 10 trading days‘ VWAP of the related units quoted on a stock exchange preceding the relevant date.
- The preferential issue of units would not be made to any person who has sold or transferred any units of the issuer during the 90 trading days preceding the relevant date.
- At the present, the limit is six months.
- Also, SEBI has defined frequently traded units as the units of REIT or InvIT.
- Those are units in which the traded turnover on a stock exchange during the 240 trading days preceding the relevant date is at least 10% of the total number of issued and outstanding units.
- Post allotment, the REIT or InvIT concerned would have to make an application for listing of the units and the same would be listed within 2 working days from the date of allotment & currently, the period is 7 days.
- In November 2019, the SEBI came out with guidelines for preferential issues as well as institutional placement of units by REITs and InvITs.
- REIT comprises a portfolio of commercial real assets, a major portion of which is already leased out, InvITs comprise a portfolio of infrastructure assets such as highways, and power transmission assets.
About SEBI :
- Established: on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992.
- Headquarters: Mumbai, Maharashtra, India
- Chairman : Madhabi Puri Buch
- SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance, GoI.
NABARD allocates Rs 230 crore for rural infra projects in Mizoram
- The National Bank for Agriculture and Rural Development (NABARD) has approved an allocation of Rs 230 crore for rural infrastructure projects in Mizoram under the Rural Infrastructure Development Fund (RIDF) XXVIII.
- NABARD started functioning in Mizoram as a sub-office in 1989 which was upgraded to a full-fledged Regional Office in
- Since the inception of the RIDF in 1995-96, NABARD has sanctioned aggregate loans amounting to Rs 1744.51 crore involving 677 projects for critical rural infrastructure like rural roads, bridges, drinking water, health infrastructure, etc of which Rs 1071.81 crore has been disbursed so far.
About NABARD :
- Established: 12 July 1982
- Headquarters: Mumbai, Maharashtra, India
- Chairman : Dr. G.R. Chintala
- NABARD is an apex regulatory body for the overall regulation of regional rural banks and apex cooperative banks in India.
- It is under the jurisdiction of the Ministry of Finance, GoI.
About Mizoram :
- Governor : Kambhampati Hari Babu
- Chief Minister : Zoramthanga
- Capital: Aizawl
SBI net profit drops 7% to Rs 6,068 cr in Q1
- India’s biggest lender State Bank of India (SBI) reported a 7% decline in standalone net profit at Rs 6,068 crore for the first quarter of the current financial year due to a fall in income.
- SBI had reported a net profit of Rs 6,504 crore in the April-June quarter of 2021-22.
Key Highlights :
- SBI’s standalone total income fell to Rs 74,998.57 crore for the quarter that ended June 30, 2022, as compared to Rs 77,347.17 crore recorded in the corresponding quarter of the last year.
- The operating profit of the bank slipped by 33% to Rs 12,753 crore from Rs 18,975 crore in the April-June quarter of the previous fiscal, impacted by Mark to Market (MTM) losses on its investment book.
- SBI’s Return on Asset and Return on Equity, which was 0.48% and 10.09%, respectively, were negatively impacted by the MTM hit.
- However, the interest income of the SBI moved up to Rs 72,676 crore as against Rs 65,564 crore earlier.
- Also, net interest income increased to Rs 31,196 crore from Rs 27,638 crore in the first quarter of the previous fiscal.
- Net interest margin rose to 3.23% as against 3.15%.
- SBI’s gross non-performing assets (NPA) ratio improved to 3.91% from 5.32% at June-end of 2021.
- Similarly, net NPAs declined to 1.02% in June 2022 from 1.7% in June 2021.
- The provisions for bad loans declined to Rs 4,268 crore from Rs 5,030 in the same period a year ago.
About SBI :
- Founded: 1 July 1955
- Headquarters: Mumbai, Maharashtra, India
- Chairman: Dinesh Kumar Khara
Bank of Maharashtra launches new FD scheme – Maha Dhanvarsha
- The Bank of Maharashtra has launched a new fixed deposit scheme known as the “Maha Dhanvarsha”
- As per the Scheme, the highest interest rate on this special deposit will be 5.50% for regular people and 6% for senior citizens.
- The interest rate is only valid for a 400-day term.
- With effect from August 22, 2022, the BOM revised the interest rates on fixed deposits under Rs 2 crore.
- The bank offers fixed deposit terms ranging from 7 days to 10 years with interest rates ranging from 2.75% to 5.40% (currently 5.50%).
For Senior Citizens :
- For all maturities slabs of 91 days and above, senior citizens would only be offered an extra rate of 0.50% interest rate for deposits up to Rs 2 crore.
About FD Penalty :
- On premature withdrawal of term deposits for deposits up to 1-year maturity (tenure at the time of opening the account) there will be no penalty.
- Interest rates of prematurely withdrawn term deposits with a maturity period of more than 1 year will be 1% below the applicable rate.
About BOM :
- Founded: 16 September 1935
- Headquarters: Pune, Maharashtra, India
- MD & CEO: A. S. Rajeev
- Executive Director: A. B Vijayakumar, Asheesh Pandey
- Tagline: Ek Parivaar, Ek Bank (One Family One Bank)
CURRENT AFFAIRS: BUSINESS NEWS
Forex Reserve At 2-Year Low To $564 billion:
- The most recent information provided by the Reserve Bank of India (RBI) shows that the nation’s foreign exchange reserves decreased by $6.69 billion to $564 billion.
- Since October 2020, the reserves have fallen to their lowest point.
- The foreign exchange reserves decreased by over $9 billion during the past two weeks.
- The loss was primarily caused by a decline in foreign currency assets, by $5.8 billion, followed by a decline in gold reserves, by $704 million, according to figures issued by the RBI.
CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS
Mr. Santosh Iyer appointed as MD & CEO of Mercedes-Benz India
- German luxury carmaker Mercedes-Benz has appointed Santosh Iyer as the Managing Director (MD)& Chief Executive Officer (CEO) of the Indian operations with effect from January 1, 2023.
- He succeeds Martin Schwenk who will take up the position of President and CEO, of Mercedes-Benz Thailand.
About Mr. Santosh Iyer :
- Santosh Iyer has been with the Mercedes-Benz brand since 2009.
- In 2016, he was appointed as Vice President – Customer Services and Retail Training Business.
- Currently, he is working as Vice President, Sales & Marketing at Mercedes-Benz.
- During his tenure, Mercedes launched its first electric car in India, introduced key ICE products, and successfully implemented the ‘Retail of the Future’ business model in India.
Note :
- Santosh Iyer will be the youngest & first Indian to serve as the head of Mercedes-Benz India operations.
About Mercedes-Benz :
- Established:1926
- Headquarters : Stuttgart, Baden-Württemberg, Germany
MP Shri Anurag Sharma elected as CPA treasurer
- Lok Sabha Minister of Parliament (MP) Shri Anurag Sharma from the Jhansi-Lalitpur parliamentary constituency, has been elected as the International Treasurer of the Parliamentary Association Conference (CPA) at the 65th Commonwealth Parliamentary Association Conference in Halifax, Canada.
- Sharma is the second Indian office-bearer in the CPA, the world’s largest and oldest International Parliamentary Association.
- He will be handling annual funding of millions of pounds and the trust funds, ensuring their smooth and effective utilization.
- He is all set to add that extra mile of ROI (return on investment) and showcase the Indian effectiveness of India in this global responsibility.
- Sharma is a member of the delegation of Indian parliamentarians, led by Lok Sabha Speaker Shri Om Birla, to the conference.
About Anurag Sharma :
- Sharma did his management studies at the Harvard Business School, in Boston, Massachusetts.
- He took over as Executive Director at Shree Baidyanath Ayurvedic Bhavan as a reputed industrialist.
About CPA :
- Founded: 1911
- Headquarters: London, United Kingdom
Mission :
- To promote the advancement of parliamentary democracy by enhancing knowledge and understanding of democratic governance, youth engagement in democracy, gender equality, and equal representation
CURRENT AFFAIRS: DEFENCE NEWS
Indian Coast Guard conducts 10th edition of national maritime search and rescue exercise-22 in Chennai
- The Indian Coast Guard (ICG) conducted the 10th National Maritime Search and Rescue Exercise SAREX -22 in Chennai, Tamil Nadu, India.
- The two-day exercise was inaugurated by Ajay Kumar, Defence Secretary, Government of India.
- The theme of the biennial exercise is “Capacity Building Towards Marine Passenger Safety”.
- The exercise will be conducted under the aegis of the National Maritime Search and Rescue Board (NMSARB), which is hosted by the Indian Coast Guard as the nodal maritime SAR coordinating agency for the Indian Search and Rescue Region (ISRR).
- In addition to 51 participants from national maritime SAR stakeholders, the exercise will be attended by 24 foreign observers from 16 friendly foreign countries.
- The 9th edition of SAREX-20 was inaugurated by Ajay Kumar, Defence Secretary, in Goa.
About ICG :
- Founded: 1 February 1977 by the Coast Guard Act, 1978 of the Parliament of India.
- Headquarters: New Delhi, Delhi, India
- Director General: Virender Singh Pathania
- It operates under the Ministry of Defence (MoD).
CURRENT AFFAIRS: AWARDS AND HONOUR
67th Filmfare Awards 2022:
- The Times Group held the 67th Filmfare Awards event, which recognized the year’s top Hindi-language films from India.
- The 67th Filmfare Awards, presented at Jio World Centre, honor movies that were released in 2021.
- Jitesh Pillai, the editor of Filmfare magazine, announced Wolf777news as the headline sponsor during a press conference.
- Arjun Kapoor and Ranveer Singh, two stars from Bollywood, were announced as co-hosts.
List of Winners:
- Best Film: Shershaah (Dharma Productions)
- Best Director: Vishnuvardhan (Shershaah)
- Best Actor: Ranveer Singh (83) as Kapil Dev
- Best Actress: Kriti Sanon, Mimi as Mimi Rathore
- Best Supporting Actor: Pankaj Tripathi (Mimi)
- Best Supporting Actress: Sai Tamhankar (Mimi)
- Filmfare Lifetime Achievement Award: Subhash Ghai
Karnataka’s Divita Rai crowned this year Miss Diva Universe:
- Divita Rai, a 23-year-old from Karnataka, was crowned Miss Diva Universe 2022.
- In a magnificent event marking the prestigious pageant’s tenth anniversary, she was crowned by the current Miss Universe 2021, Harnaaz Sandhu.
- Rai will represent India in the 71st Miss Universe competition; Harnaaz Sandhu was the previous year’s victor.
- Telangana’s Pragnya Ayyagari was named Miss Diva Supranational 2022.
- Miss Universe 2000 Lara Dutta, Miss India 1964 Meher Castelino, Miss India 1980 Sangeeta Bijlani, and Miss India Universe 2004 Tanushree Dutta also made an appearance at the event.
CURRENT AFFAIRS: RANKING AND INDEXES
Gautam Adani becomes the world’s third richest person:
- Gautam Adani, an Indian, is now the third-richest person in the world.
- The head of business giant Adani Group has surpassed Bernard Arnault, the head of Louis Vuitton, in the Bloomberg Billionaires Index rankings.
- Adani, 60, is now just behind corporate moguls Jeff Bezos and Elon Musk in the standings with a combined net worth of USD 137.4 billion.
- The Bloomberg Billionaires Index’s top three richest individuals are all Asian for the first time.
- Mukesh Ambani, the CEO of Reliance Industries, is ranked 11th in the most recent Bloomberg Billionaires Index with a total net worth of USD 91.9 billion.
- The index is a daily listing of the richest persons in the world.
- On each billionaire’s profile page, there is a net worth analysis that includes specifics regarding the computations.
- Every trading day in New York concludes with an update of the numbers.
- Elon Musk and Jeff Bezos each have a net worth of USD 153 billion and USD 251 billion, respectively.
India overtakes China and the UK to become the 10th-largest life insurer in the world:
- India is currently the tenth-largest life insurer in the world, surpassing both China and the UK.
- Life Insurance Corporation (LIC), a state-owned insurance giant and life insurer, has emerged as the third strongest and tenth most valuable insurance brand globally, according to a survey by Brand Finance Insurance 100 2021, a London-based brand valuation consultancy organization.
- The analysis claims that from $462.4 billion in 2020 to $433.0 billion in 2021, the aggregate value of the top 100 insurance brands worldwide fell by 6%.
- The life insurance sector grew at a CAGR of 11% from 2017 to 2022, according to the most recent report tracking the performance of the industry from Benori Knowledge, a cutting-edge provider of custom research and analytics solutions, and is anticipated to grow at a CAGR of 9% over the next five years.
- Because of the unpredictability of the COVID-19 pandemic, it was more crucial than ever for consumers to invest money in things that would increase their financial stability, one of which is life insurance.
CURRENT AFFAIRS: MOUS AND AGREEMENT
AAI and Sweden Sign an MoU for Sustainable Aviation Technology:
- A Memorandum of Understanding was signed between the Airports Authority of India (AAI) and the Swedish company LFV Air Navigation Services in New Delhi.
- The agreement between Sweden and the Airports Authority of India (AAI) brings together two air navigation service providers, India and Sweden, who have a history of developing and implementing the most recent generation of environmentally friendly aviation technology, to investigate smart aviation solutions.
- This MoU will pave the way for bilateral sharing of aviation technology and know-how between the two countries.
- Swedish ingenuity and expertise may be used to help Indian enterprises expand more quickly.
- Under the aegis of the MoU, the firms may collaborate in areas of mutual interest.
CURRENT AFFAIRS: SPORTS NEWS
James Anderson of England becomes the most successful bowler in international cricket:
- James Anderson of England is now the first fast bowler in the history of international cricket to reach 950 wickets.
- On Day 3 of the second Test against South Africa, he accomplished this illustrious achievement.
- He surpassed Glenn McGrath (949 wickets) of Australia’s previous record
- The most productive bowlers in international cricket are Anil Kumble of India (956 wickets), Shane Warne of Australia (1,001 wickets), and Muttiah Muralitharan of Sri Lanka (1,347 wickets combined).
CURRENT AFFAIRS: OBITUARIES
Oscar-Winning Pixar Animator Ralph Eggleston Passes away
- Oscar Award Winning & a longtime Pixar animator Ralph Eggleston Passed away at the age of 56 in California, United States of America (USA).
About Ralph Eggleston :
- Eggleston was born in Louisiana, United States (US) in 1965
- He was an American animator, art director, storyboard artist, writer, film director, and production designer at Pixar Animation Studios.
- He would begin his career-defining relationship with Pixar in 1992.
- His work as an artist has been seen in numerous Pixar films including “Monsters, Inc.,” “Finding Nemo,” “Wall-E,” “Cars,” “The Incredibles” and “Inside Out.”
Awards & Honors :
- He won the animated short film Oscar for writing and directing the 2001 Pixar film “For the Birds & it won the Academy Award for best animated short in 2002.
- He won his first Annie Award for best individual achievement in production design due to his work on the Pixar classic “Toy Story.”
- He won Annie Awards for “Finding Nemo” in 2004, “Inside Out” in 2015
- In 2019, he won a Winsor McKay Award for his lifetime career achievements.
- He was also honored with the VIEW Visionary Award in 2019.
Daily CA on September 1:
- In India, National Nutrition Week is observed every year from September 1 to September 7 to raise public awareness about nutrition and healthy eating habits.
- More than 500 Atal Tinkering Labs (ATLs) will be set up in Jammu and Kashmir by the Atal Innovation Mission (AIM) and NITI Aayog to foster an inventive mentality among high school students.
- The most recent information provided by the Reserve Bank of India (RBI) shows that the nation’s foreign exchange reserves decreased by $6.69 billion to $564 billion
- The Times Group held the 67th Filmfare Awards event, which recognized the year’s top Hindi-language films from India.
- Divita Rai, a 23-year-old from Karnataka, was crowned Miss Diva Universe 2022.
- Gautam Adani, an Indian, is now the third-richest person in the world.
- India is currently the tenth-largest life insurer in the world, surpassing both China and the UK.
- A Memorandum of Understanding was signed between the Airports Authority of India (AAI) and the Swedish company LFV Air Navigation Services in New Delhi.
- James Anderson of England is now the first fast bowler in the history of international cricket to reach 950 wickets.
- India’s largest carrier IndiGo has joined a sustainable initiative spearheaded by the World Economic Forum (WEF).
- State-owned hydropower giant National Hydroelectric Power Corporation Private Limited (NHPC) has inked a pact with the Govt of Himachal Pradesh (HP) for the implementation of 500 Mega Watt (MW) Dugar Hydroelectric Project in Chamba, HP.
- The 50th edition of All Manipur Shumang Leela Festival 2021-2022 started at Iboyaima Shumang Leela Shanglen in Imphal, Manipur.
- Uttarakhand Chief Minister Shri Pushkar Singh Dhami launched a scheme Mukhya Mantri Udiyaman Khiladi Unnayan Yojana during the program was organized at Police Lines, Dehradun., Uttarakhand.
- The Securities and Exchange Board of India (SEBI) overhauled the pricing norms for preferential allotment of units by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
- The National Bank for Agriculture and Rural Development (NABARD) has approved an allocation of Rs 230 crore for rural infrastructure projects in Mizoram under the Rural Infrastructure Development Fund (RIDF) XXVIII.
- India’s biggest lender State Bank of India (SBI) reported a 7% decline in standalone net profit at Rs 6,068 crore for the first quarter of the current financial year due to a fall in income.
- The Bank of Maharashtra has launched a new fixed deposit scheme known as the “Maha Dhanvarsha”
- German luxury carmaker Mercedes-Benz has appointed Mr. Santosh Iyer as the Managing Director (MD)& Chief Executive Officer (CEO) of the Indian operations with effect from January 1, 2023.
- Lok Sabha Minister of Parliament (MP) Shri Anurag Sharma from the Jhansi-Lalitpur parliamentary constituency, has been elected as the International Treasurer of the Parliamentary Association Conference (CPA) at the 65th Commonwealth Parliamentary Association Conference in Halifax, Canada.
- The Indian Coast Guard (ICG) conducted the 10th National Maritime Search and Rescue Exercise SAREX -22 in Chennai, Tamil Nadu, India.
- Oscar Award Winning & a longtime Pixar animator Ralph Eggleston Passed away at the age of 56 in California, United States of America (USA).
