Current Affairs – 03 July 2024

Tata Group is India’s Most Valuable Brand: Report

Tata Group has maintained its position as India’s most valuable brand with a value of US$ 28.6 billion, marking a 9% increase from last year. Infosys ranks second, and HDFC Group has surged to third place following its merger with HDFC Ltd. Tata Group is on the verge of becoming the first Indian brand to reach the US$ 30 billion mark. Taj remains India’s strongest brand, with a Brand Strength Index (BSI) score of 92.9 out of 100 and an AAA+ rating.

MoSPI Launches eSankhyiki Portal for Enhanced Data Access

The Ministry of Statistics and Programme Implementation (MoSPI) has introduced the eSankhyiki portal to revolutionize data accessibility and user experience. This initiative aims to centralize and streamline access to key national statistical data, supporting planners, policymakers, researchers, and the public. Which includes National Accounts Statistics, Consumer Price Index and more. It provides detailed metadata and visualization tools to enhance data utility and reusability.

RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore

The Reserve Bank of India (RBI) has increased the aggregate Ways and Means Advances (WMA) limit for State governments and Union Territories (UTs) by 28%, from ₹47,010 crore to ₹60,118 crore, effective from July, 2024. This revision, based on recommendations by a Group of select State Finance Secretaries and considering recent expenditure data, aims to help States and UTs manage temporary mismatches in their cash flow.

Bharatiya Nyaya Sanhita 2023, Check Complete Details

The three New Criminal Laws– Bharatiya Nyaya Sanhita, 2023, Bharatiya Nagarik Suraksha Sanhita, 2023 and Bharatiya Sakshya Adhiniyam, 2023, will come into force July, 2024. The government of India has held regular meetings with States and Union Territories and they are fully geared up in terms of technology, capacity building and awareness generation to implement the new Criminal Laws.

World Bank Approves $1.5 Billion Loan to Support India’s Green Hydrogen Push

The World Bank has approved a second round of $1.5 billion in financing to help India accelerate its development of low-carbon energy. This funding aims to promote the market for green hydrogen, electrolysers, and increased renewable energy penetration. The initiative aligns with India’s National Green Hydrogen Mission and energy transition targets, including achieving 500 GW of installed renewable energy capacity by 2030 and reaching net zero by 2070.

Union Bank of India Introduces “Union Premier” Branches for Rural and Semi-Urban Markets

Union Bank of India has launched “Union Premier” branches tailored for high-value customers in rural and semi-urban (RUSU) markets. These branches are designed to offer personalized banking services and a comprehensive range of products under one roof. Equipped with cutting-edge digital technologies, Union Premier branches facilitate seamless and efficient banking transactions, promising to deliver prompt services with minimal turnaround time.

Ravindra Jadeja Retires From T20 Internationals

Star India all-rounder Ravindra Jadeja has announced his decision to retire from T20 internationals following India’s T20 World Cup 2024 triumph. Ravindra Jadeja has called it quits from T20 internationals, bowing out on a high with the T20 World Cup 2024 trophy. In the T20 World Cup 2024, Jadeja’s campaign was a mix of ups and downs. Although he managed to take just one wicket in seven innings at an economy of 7.57 and an average of 106, he showed his prowess with the bat in crucial matches.

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