Current Affairs - Finance

The ‘Money2India (Canada)’ app is a distinctive offering from ICICI Bank Canada, specifically designed to streamline cross-border fund transfers to India for Canadian customers. It enables 24/7 transactions without requiring an account with ICICI Bank Canada, providing a user-friendly and accessible platform.

The National Stock Exchange (NSE) maintained its dominance as the world's largest exchange in the global derivative segment for the fifth consecutive year in 2023, reaffirming its top position according to statistics from the Futures Industry Association (FIA).

The MPLADS e-SAKSHI Mobile Application, known as e-Sakshi, is designed to facilitate transparent monitoring of the fund flow under the Member of Parliament Local Area Development Scheme (MPLADS) for the year 2023. The SAKSHI portal enables centralized and state agencies, district authorities, and MPs to monitor MPLADS progress, fund status, and work details, contributing to increased transparency.

Chhattisgarh has introduced the Mahtari Vandana Yojana 2024, providing monthly economic assistance of ₹1000 to women, with a total annual aid of ₹12,000, aimed at empowering them through financial support.

Luxembourg has emerged as the third-largest country for FPIs in India, exceeding Mauritius, with its Assets Under Custody (AUC) growing by 30% to ₹4.85 lakh crore. Globally, Luxembourg's equity assets are now second only to the United States, attributed to strengthened India-Europe ties and collaborations, including those with GIFT City.