DAIL GK 31 MAR

 DAIL GK 31 MAR

1.         SEBI LAUNCHED BETA VERSION OF T+0 TRADE SETTLEMENT

·           Securities and Exchange Board of India (SEBI) launched the beta version of T+0 rolling settlement cycle (same-day transaction settlement) on an optional basis in addition to the existing T+1 settlement cycle in equity cash market.

·           The provisions of T+0 came into effect from March 28, 2024.

·           This allows same-day settlement of stock trades, instead of one-day settlement period (T+1) i.e. waiting for a day for the trade to settle and funds/stocks to be delivered.

·           The National Stock Exchange of India (NSE) has approved a reduction of overall transaction charges across cash equity and equity derivatives segments by 1% starting April 1, 2024.

·           This decision is estimated to impact NSE’s revenue by approximately Rs 130 crore per annum.

·           SEBI Chairperson– Madhabi Puri Buch

·           Headquarters– Mumbai, Maharashtra

·           Establishment- 1992

 

2.         RBI DATA: CREDIT CARDS SURPASSED THE 100 MILLION MARK IN INDIA

·           As per the Reserve Bank of India (RBI) latest data, the total number of credit cards issued by banks in India breached the 100 million mark in February 2024.

·           Data revealed that till February 2024, the total number of credit cards in circulation was 100.6 million. 

·           HDFC Bank, the largest private bank in India, leads in the number of credit card issuances with 20.40 million credit cards in circulation, followed by SBI (State Bank of India) with 18.75 million credit cards, ICICI Bank with 16.84 million, and Axis Bank with 13.90 million cards.

·           Overall credit card spending among Indians has slightly decreased from Rs 1.66 trillion (in January 2024) to Rs 1.49 trillion ( in February 2024). 

·           E-commerce payments decreased from Rs 1.08 trillion to Rs 0.95 trillion.

·           The PoS transactions decreased from Rs 58,531.77 crore in January 2024 to Rs 54,431.48 crore in February 2024.

 

3.         RUSSIA& UAETOP IMPORTERS OF INDIAN ENGINEERING GOODS

·           According to Engineering Export Promotion Council (EEPC) of India India’s engineering goods exports surged during April-February 2023-24. 

·           Russia, The United Arab Emirates (UAE), and Saudi Arabia are among the top importers of  Indian Engineering Goods .

·           The engineering segment experienced a modest growth  of 1.23%, amounting to USD 98.03 billion.

·           However, overall goods exports in April-February 2023-24 contracted 3.45% (Y-o-Y) to USD 394.99 billion.

·           EEPC India is sponsored by the Ministry of Commerce & Industry, Government of India.

·           Exports to Russia saw 99% increase to USD 1.22 billion.

 

4.         INDIA’S FIRST ASI PERFORMANCE STANDARD CERTIFICATION

·           The Bharat Aluminium Company Limited (BALCO), a unit of Vedanta Aluminium, has emerged as the first company in India to obtain the Aluminium Stewardship Initiative (ASI)Performance Standard V3 Certification for the production and distribution of a broad range of primary aluminum products at its Korba facility, Chhattisgarh.

 

5.         NATIONAL PRESIDENT OF FICCI LADIES ORGANISATION

·           Joyshree Das Verma took over as the 41st National President of the Federation of Indian Chamber of Commerce & Industry (FICCI) Ladies Organisation (FLO) for the year 2024-2025.

·           The theme for her tenure 2024-25, is “Collective Vision, Collaborative Action.”
FLO, the women wing of FICCI, is the oldest women-led and women-centric business chamber in Southeast Asia.

 

6.         PRESIDENT OF SENEGAL

·           Bassirou Diomaye Diakhar Faye was elected president of Senegal after winning the election that was held on March 24, 2024.

·           Faye became the 5th president of Senegal with 54.28% of the votes in the presidential election, while former Prime Minister Amadou Ba came in second with 35.79%.

·           He also became Senegal’s and Africa’s youngest elected president at the age of 44.

·           He was the first opposition candidate to win the presidential election since Senegal’s independence from France in 1960.

·           Senegal Capital – Dakar

·           Currency – West African CFA franc (XOF)

 

7.         INTERNATIONAL DAY OF ZERO WASTE 2024 – MARCH 30 

·           The United Nations(UN)’s International Day of Zero Waste is annually observed across the globe on 30th March to highlight the importance of bolstering waste management and promoting sustainable consumption and production patterns.

·           UNEP is the primary environmental authority in the UN System.

·           Headquarters– Nairobi, Kenya

·           Member States– 193 Member States