Current Affairs - Finance

The Federal Retirement Thrift Investment Board's strategic move to transition its index is anticipated to bring nearly $4 billion from the U.S. into Indian equity markets, contributing to a substantial global equity reshuffling totalling $28 billion.

Mastercard has strategically partnered with U GRO Capital, a Non-Banking Financial Company (NBFC) specializing in Micro, Small, and Medium Enterprises (MSME) financing, to deliver comprehensive digital supply chain financing solutions for India's MSMEs, addressing the challenge of limited access to capital.

The Asian Development Bank (ADB) has approved a substantial $170 million loan to facilitate the modernization of water supply services in Kochi, Kerala aiming to elevate urban living standards, ensure access to clean water, and strengthen climate resilience.

Madhabi Puri Buch launched the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange to address investor risks during technical glitches.

In the Bank of America survey, Japan and India are identified as the most preferred markets in the Asia Pacific region, with Japan holding the top position and India following closely.