Current Affairs - Finance

REC Limited received the prestigious ICAI award for financial reporting, securing the 'Plaque' under the 'Financial Services Sector (Other than Banking and Insurance)' category at the ICAI Awards for Excellence in Financial Reporting. The recognition from the Institute of Chartered Accountants of India (ICAI) highlights REC Limited's excellence in financial reporting for the year 2022-23.

Life Insurance Corporation of India (LIC) achieved a significant milestone by surpassing the State Bank of India (SBI) in market capitalization. With LIC's share price rising over 2% to reach 52-week highs of ₹919.45, its market cap exceeded ₹5.8 Lakh Crore, making it the most valuable PSU. The article explores LIC's impressive comeback, its journey since listing, and the contributing factors to its remarkable revival.

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.