28 December Current Affairs 2023 in English

28 December Current Affairs 2023

28 December Current Affairs 2023 refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 28 December Current Affairs 2023 is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 28 December Current Affairs 2023 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.

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28 December Current Affairs 2023 also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 28 December Current Affairs 2023 helps students ace their exams and prepares them for their future roles

Reserve Bank of India approves IDFC-IDFC First Bank merger

Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank.

IDFC First Bank and IDFC boards approved the reverse merger in July.

As part of the composite scheme of amalgamation, IDFC FHCL would first merge with IDFC and then IDFC into IDFC First Bank Ltd.

RBI approves appointment of C S Rajan as part-time chairman of Kotak Mahindra Bank

Kotak Mahindra Bank said the Reserve Bank of India (RBI) has approved the appointment of C S Rajan, Independent Director of the bank, as the Part-time Chairman, for two years, effective January 1, 2024.

C S Rajan was appointed as an Independent Director on the Board of the Bank, effective October 22, 2022.

Life Insurers’ Premium Income Rises Nearly 13% To Rs 7.83 Lakh Crore In FY23

Premium income of life insurance companies grew 12.98% to Rs 7.83 lakh cr. in fiscal 2023 while that of general insurers increased by 16.4% to Rs 2.57 lakh cr. Private sector life insurers have clocked a growth of 16.34% in premiums, while the public sector life insurer recorded a 10.90% rise in premiums, as per the IRDAI‘s annual report.

Competition Commission Clears IndusInd International Holdings-Reliance Capital Deal

Fair trade regulator Competition Commission of India has cleared the proposed stake acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises. Reliance Capital Ltd (RCL) is an RBI-registered non-banking, non-deposit-taking systemically important company (NBFC-CIC-ND-SI).

RBI permits lending, and borrowing in government securities except T-Bills

In a move that will add depth and liquidity to the government securities (G-Secs) market, the RBI has permitted permit lending and borrowing of G-Secs.

The RBI said G-Secs issued by the Central government excluding Treasury Bills will be eligible for lending/borrowing under a Government Security Lending (GSL) transaction.

Union Cabinet Nod For Migration, Mobility Pact With Italy Inked In November

The Union Cabinet granted ex-post facto approval to sign and ratify the Migration and Mobility Agreement with Italy that allows Indian students temporary residence in the European nation for up to one year after studies to gather professional experience. The agreement was signed on Nov. 2 by External Affairs Minister S Jaishankar and Italian Foreign Minister Antonio Tajani.

Jal Jeevan Mission Achieves 72% Rural Tap Water Coverage, Eyes 100% In 2024

Under the Jal Jeevan Mission, approximately 72% of rural households now have access to tap water connections, according to official data.

In 2024, the Jal Shakti ministry faces the crucial target of achieving 100% coverage of tap water connection to every rural household a commitment made by Prime Minister Narendra Modi in 2019.

SEBI Extends Deadline To June 2024 To Add Nominees In Mutual Funds, Demat Accounts

Markets regulator Securities and Exchange Board of India extended the deadline to June 30 next year for demat & mutual fund account holders to provide a nomination. Earlier, the deadline to nominate a beneficiary or opt out of it by submitting a declaration form was Dec. 31, 2023.

Madhabi Puri Buch is the current chairperson of the Securities and Exchange Board of India.

Lupin Gets USFDA Nod For Generic Loteprednol Etabonate Ophthalmic Suspension

Pharma major Lupin Ltd has received approval from the U.S. health regulator to market its generic Loteprednol Etabonate ophthalmic suspension indicated for temporary relief of seasonal allergic conjunctivitis. The approval by the U.S. Food and Drug Administration (USFDA) is for the abbreviated new drug application for Loteprednol Etabonate ophthalmic suspension, 0.2%.

MHA declares Muslim League Jammu Kashmir, Masarat Alam faction as ‘unlawful association’

The Union Home Ministry declared the Muslim League Jammu Kashmir Masarat Alam faction (MLJK-MA) as an ‘unlawful association’ under the Unlawful Activities (Prevention) Act, 1967 (UAPA).

This organization and its members are involved in anti-national and secessionist activities in J&K supporting terrorist activities and inciting people to establish Islamic rule in J&K.”

LIC to open branch office in GIFT City

Life Insurance Corporation (LIC) has decided to open a branch office at GIFT City, the country’s sole operational International Financial Services Centre.

Already LIC has a presence in 14 countries through branch offices, subsidiaries, and joint ventures.

IndiaFirst Life Insurance Company was the first life insurer to obtain registration for opening an office in GIFT City.

Central Bank of India enters into a co-lending partnership with Kisetsu Saison Finance for MSME loans

Public sector lender Central Bank of India entered into a strategic co-lending partnership with Kisetsu Saison Finance, India for MSME Loans.

Bengaluru-based M/s. Kisetsu Saison Finance is an NBFC with AUM (Assets under management) of the Company as of September 30, 2023, was more than Rs. 8200 crore.

Shubham Mittal

Shubham Mittal is a renowned current affairs writer and expert in government exam preparation, inspiring readers with insightful articles and guiding aspirants with his expertise.

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