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Banking Current Affairs : 7th Mar 2024

Today’s Current Affairs: 7th Mar 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

India’s first underwater metro in Kolkata:

  • Prime Minister Narendra Modi inaugurated India’s first under-river metro tunnel in Kolkata. The metro tunnel has been built under Kolkata’s Hooghly River that will connect Howrah Maidan to Esplanade.

The Reserve Bank of India prohibited JM Financial Products from financing against shares and debentures:

  • The Reserve Bank of India prohibited JM Financial Products from financing against shares and debentures, including sanctioning and disbursing loans against initial public offerings of shares and subscriptions to debentures

Fully Accessible Route (FAR) bonds:

  • Bloomberg announced including Indian government securities called “Fully Accessible Route (FAR) bonds” in the Bloomberg Emerging Market (EM) Local Currency Government Index and related indices.
  • This will be done over 10 months, starting January 31, 2025, instead of September 2024.

India’s first indigenous Prototype Fast Breeder Reactor at Kalpakkam:

  • In a historic milestone marking entry into the vital second stage of India’s three-stage nuclear program, PM witnessed, the commencement of “Core Loading” at India’s first indigenous Prototype Fast Breeder Reactor (500 MWe) at Kalpakkam, Tamil Nadu.
  • Once commissioned, India will only be the second country after Russia to have a commercially operating Fast Breeder Reactor.

RBI allows customers to choose card networks at issuance:

  • The Reserve Bank of India has directed banks and credit card companies like American Express, Diners Club, MasterCard, Rupay, and Visa not to enter into any exclusive agreement to issue credit cards

World’s first country to enshrine abortion in the constitution:

  • France has become the first country in the world to explicitly include the right to abortion in its constitution. Parliamentarians voted to revise the country’s 1958 constitution to enshrine women’s “guaranteed freedom” to abort.

Infibeam Avenues authorization from RBI:

  • India’s first listed AI-powered fintech company, Infibeam Avenues, received the final authorization from RBI to operate as a payment aggregator for its payment gateway brand, CCAvenue.