Current Affairs - Finance

Ujjivan Small Finance Bank (Ujjivan SFB) has formed a strategic partnership with Water.org, a global non-profit, to provide affordable financing for water, sanitation, and hygiene solutions, addressing the critical issues in India, which has the world's highest population.

The President of the World Bank, Ajay Banga, is spearheading a strategic initiative through the Private Sector Investment Lab (PSIL) to scale up climate financing via securitization, attracting substantial investments for climate-related projects.

Foxconn's investment of $1.5 billion in India is primarily aimed at diversifying its manufacturing beyond China, a strategic move following disruptions in its Chinese operations during the COVID-19 lockdowns in 2022.

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.