Daily Current Affairs for MBA Exams: 24th May 2022

Books & Authors

Renowned author Preeti Shenoy is set to publish a new novel titled “A Place Called Home”.
The book published by HarperCollins Publishers India.
The novel is about secrets, family, and finding yourself.
A story set in a coffee estate in Sakleshpur, Karnataka with a strong female protagonist at its core.
Other Books of Preeti Shenoy: The Magic Mindset, When Love Came Calling, Wake Up Life is Calling, Life is What You Make it, The Rule Breakers.

Agreement

The Centre for Cellular and Molecular Platforms (C-CAMP) has signed an MoU with the Centre for Food Technological Research Institute (CFTRI) to foster innovation in agriculture.
The agreement will initiate a joint effort in nurturing deep-science innovation in agriculture, food technology, and allied areas toward sustainability and food security in India’s agriculture sector.
C-CAMP is India’s premier bio-innovation hub.

Banking & Finance

As per the Ministry of Commerce and Industry, India has recorded the "highest ever" annual FDI inflow of USD 83.57 billion in 2021-22.
In 2020-21, the inflow stood at USD 81.97 billion.
FDI equity inflow in manufacturing sectors has increased by 76% in 2021-22 (USD 21.34 bn) compared to 2020-21.
Top investors: Singapore (27%); USA (18%) and Mauritius (16%)
Computer software and hardware attracted maximum inflows followed by the services sector and automobile industry

Banking & Finance

The RBI has approved a dividend payment of Rs. 30,307 crore to the Centre for the fiscal year 2021-22.
The bank’s central board of directors also decided to maintain the contingency risk buffer (CRB) at 5.50%.
In the 2022 budget, the government had estimated that it would receive Rs. 73,948 crore as dividend from the RBI and state-owned banks for FY22.
The budgeted dividend is 27% lower than the ₹1.01 trillion the Centre received in FY22.

National & International Appointments

Vijay Shekhar Sharma has been reappointed as as the Managing Director and Chief Executive Officer (CEO) of Paytm for another 5 yrs term.
His tenure will be from December 19, 2022, to December 18, 2027.
Madhur Deora has been appointed as the Whole-time Director of Paytm for a tenure of 5 years from May 20, 2022, to May 19, 2027.
Deora will also continue to act in the capacity of Chief Financial Officer of Paytm.
One 97 Communications is the parent company of Paytm

Banking & Finance

Paytm has announced a Joint Venture general insurance company named as Paytm General Insurance Ltd (PGIL).
Paytm has announced plans to infuse ₹950 crore in PGIL in tranches, over a period of 10 years and to hold upfront equity stake of 74 per cent.
PGIL will become a subsidiary of the Paytm.
PGIL will seek a license for a general insurance business from the insurance regulator IRDAI.

Banking & Finance

RBL Bank has tied up with Amazon Web Services to offer UPI payments
The bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions.
With this integration, Amazon Pay will issue NPCI’s allocated UPI ID with the handle @rapl to RBL Bank.
The partnership will allow the bank to tap Amazon Pay’s growing customer base and transaction volumes.
It will expand the bank’s presence in the UPI segment with its payment processing platform hosted on AWS

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