Current Affairs - Finance
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Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
1.
Which international financial institution approved a USD 890 million funding package to support India's national residential solar rooftop programme?
Answer: Option
Explanation:
The World Bank Group approved a USD 890 million financing package on 10 July 2026 to accelerate India's national residential solar rooftop programme under the PM Surya Ghar: Muft Bijli Yojana. The package includes a USD 820 million IBRD loan, a USD 60 million concessional loan from the Clean Technology Fund, and a USD 10 million grant from the IBRD’s Livable Planet Fund. The initiative is expected to mobilise USD 4.2 billion in private investment, support solar installations for 10 million households, create around 1.7 million jobs, and contribute to India's goals of achieving 60% non-fossil-fuel-based electricity capacity by 2035 and Net Zero emissions by 2070.
Date : 2026-07-12
2.
Which Non-Banking Financial Company (NBFC) partnered with Spydra to launch the blockchain-based insurance platform InsureChain?
Answer: Option
Explanation:
Bajaj Finance Limited partnered with Spydra to launch InsureChain, a blockchain-based insurance platform aimed at modernising India's insurance ecosystem. Built on the Hyperledger Fabric framework using Spydra’s low-code blockchain technology, the platform replaces fragmented systems and manual processes with a shared, real-time digital framework. It enables lenders, insurers, and service teams to coordinate efficiently during policy issuance while improving transparency and reducing processing delays. As a leading NBFC and insurance distributor, Bajaj Finance is expected to benefit from enhanced data accuracy, faster operations, and better collaboration across the insurance and lending ecosystem.
Date : 2026-07-09
3.
Which Indian fintech startup became the first cross-border payment platform from India to secure a regulatory license in Canada?
Answer: Option
Explanation:
Skydo became the first Indian cross-border payment platform to receive a regulatory license in Canada under the Retail Payment Activities Act, supervised by the Bank of Canada. This milestone enables the company to provide local collections and payouts within Canada while facilitating seamless two-way payment flows between India and Canada. Backed by Elevation Capital and Susquehanna Asia Venture Capital, Skydo focuses on building payment infrastructure for SMEs and international platforms. The achievement strengthens India's fintech presence globally and supports smoother international trade and cross-border business transactions.
Date : 2026-06-28
4.
Which fund house launched India's first target-date Life Cycle Fund series in June 2026?
Answer: Option
Explanation:
Zerodha Fund House launched India's first target-date Life Cycle Fund series, introducing the Life Cycle Fund 2036 and Life Cycle Fund 2041. These funds are designed to help investors achieve long-term financial goals by automatically adjusting asset allocation as the target year approaches. Initially, the portfolio maintains higher exposure to growth-oriented assets such as equities and gradually shifts towards lower-risk investments like government securities. The funds also include exposure to gold and silver, providing diversification. This innovative investment approach aligns with global retirement planning practices and offers a disciplined, long-term wealth creation strategy for investors.
Date : 2026-06-25
5.
Which organisation partnered with Schoolnet India Limited to provide a USD 10 million financing package for expanding digital education infrastructure in India?
Answer: Option
Explanation:
The Asian Development Bank (ADB) partnered with Schoolnet India Limited to provide a USD 10 million financing package aimed at strengthening digital education infrastructure across India. The initiative seeks to benefit approximately 4.5 million students by supporting digital learning in 30,000 government schools. Key objectives include establishing computer laboratories in at least 1,000 schools, creating 58,000 digital classrooms, and training over 56,000 teachers in digital pedagogy and equitable teaching practices. The project is notable as ADB’s first private sector financing initiative for a digital education project in India, highlighting its commitment to enhancing human capital development through technology-enabled learning.
Date : 2026-06-22
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