hello students welcome to FS cloud my name is shash we have an app by the name careers Cloud which you can go and download through the Play Store once you have downloaded the application you will be easily be able to log in using your Gmail ID and once you have logged in you'll be redirected to this page where you'll be getting this URI and there will be option for home all courses my courses and Dr section in this application you will be getting multiple PDFs multiple content on daily basis that will be enhancing your Lear and crack current affairs you'll be able to see multiple options first one is current affairs English we upload the day-to-day basis uh news in the English format and apart from English PDF you also provide them in Hindi format and this banking awareness we upload a PDF every month so this PDF will contain the banking news Banking and the finance news of so this PDF will contain the banking news Banking and the finance news of that respective month and current affairs exam PDF will have two categories one is that most important news of that particular month will be uploaded in this current affairs exam PDF and also exam perspective PDF will also be uploaded if you see for SB po rrb or RBI all in all the next is special CA this will contain Union budget economic survey and also the most important events that had taken place globally as well as nationally like for example G20 events uh o and next most important is topic wise so the entire news of that particular month will be segregated into different topics like obituary next and in order to recollect whatever youve read we also provide you with topic wise quizzes apart from that we also provide State current affairs now uh uh here if you see we provide you with the day-to-day PDF and this we provide you with the weekly PDF so that particular week news will be compiled into a PDF and in question and answer format in English and it will be uploaded here and to enhance your learning you can also to enhance and strengthen your learning you can also attend the quiz here we provide you with the entire news of that particular we but here here we provide you with the entire news of that particular week but here we take the top 60 most important news and we upload it in this PDF in question and answer format apart from weekly we also provide you apart from weekly we also provide you the monthly ones this PDF will contain detailed view of that particular month news and this will have news and this will have a brief format of the same news this will have in the this will be in the form of a question and answer format and this will have the top 100 question and answer of the particular month we also provide you we also provide you with the pib news on a day-to-day basis which which you can go and read in these particular tabs from that we also provide the union budget and economic survey you can also attend the you can read after reading the PDF you can also go and attend the quiz this is available in the special CA category we also provide state level current affairs so this will be very helpful for students who are preparing for state level exams for example if you are preparing for Tamil Nadu state level exams then you can click this tab and you will be able to see all the current affairs or news related to Tamil Nadu apart from that we also provide PDF from the exam perspective suppose you are preparing for RB assistant Mains then this tab will contain five to six months of current affairs which has high probability of being asked in RB assistant Main similarly for SBO rrbp clerk means all these have been given under this section and also we provide separate content wise topic-wise current affairs like National Affairs government schemes International Affairs Banking and finance economy and businesses M and committees and meetings all these different types of newes are segregated in these particular categories hello students Welcome to our new initiative in this initiative we will be uploading the weekly current affairs on Banking and finance section so this will be uploaded on every Monday and so on the whole per month you'll have totally four videos related to this topic and apart from just providing you with the banking and finance news we also provide you the conceptual explanation so that this will enhance and also strengthen your knowledge about these topics today we will be covering October 4th week Banking and finance awareness news moving to the first news the first news is about the census recently released by RBI so this is census on foreign liabilities and asserts of Indian direct investment entities for financial year 2024 so this census has been released by Reserve Bank of India in that it has stated that you uh USA that is United States of America has been the largest source of foreign direct direct investment in India and it's followed by Maisha Singapore and UK so remember this first is USA then Maisha Singapore and then UK so if you see that a to the total FDA in India has increased by 23% compared to the uh previous Financial year and also there has been more fresh FDI inflows into the country so if you see generally in a census so if you see in case of social economic sensus and all who will be the participants it is generally the households similarly in this case of in this census the participants are entities so out of the total responding entities 97% are unlisted as on uh March 2024 so if you see out of the 41,600 53 entities which responded in the latest census 37,46 reported foreign direct investment or overseas direct investment in their balance sheet for March 2024 so out of this 37 29,000 had also reported in the previous census that is even in the previous census they had re they had received foreign direct investment and only 7,481 have newly reported in the current ter so if you see out of this 37,000 29,000 had already received FDI in the previous Financial year also and 7,000 had had first time uh received this FDI in their balance sheet so out of this if you see more than 75% of the companies that reported inward direct investment they were subsidiaries of the foreign companies so the foreign companies had invested in their own subsidies only 75% of the companies were subsidiaries remember this is a very important point so this report generally talk this census generally talks about the ft FDI Investments and non-financial companies considered for approximately 90% of the total FDI and you also see that data from the RBI sensus showed that unlisted entities registered a growth of 17.5% if the FBI in the FDI and the listed entities they have shown a growth of 29% so unlisted have shown 177% and the listed they have shown a growth of 29% it further showed that foreign subsidaries in India they have stronghold on external trade linkages is because export and import constitute for around 35% and 31% of their sales and purchase so the foreign subsidies in India they have stronghold on the extra on the external trade linkages it's mainly because they have a huge portion of the sales and purchase constitute exports and imports next is that manufacturing sector it accounted for 50% of the total FDI and also they have been investments in service sector also so it mentioned that information and communication financial and insurance activities in the service sector they were the major recipients of the foreign direct investment during the financial year 2024 and you know that Governor is Shakti kandas he is the 25th governor of RBI it RBI was established in 1st April 1935 the next news is about GDP forecast by IMF the international monetary fund it has released its latest World economic Outlook Edition so in that it has retained the already predicted GDP forecast for India that is 7% for financial year 25 and 6.5% for financial year 26 and in case of global growth it has decreased its projection to 3.2% from 3.3% in its previous projection that is this is only for financial year 2025 and it is 3.2% which has it had already projected in the previous Edition itself so remember 7% and 6.5% and in case of global growth it is 3.2% in 2024 and 2025 and in case of advanced economies it is 1.8% and 1.8% for both 2024 and 2025 so in case of emerging market and developing economies it has projected 4.2% for both 2024 and 25 and similarly it has projected the global headline inflation it will decline from 6.7% to 5.8% and 4 .3% in 2025 so remember it main thing to remember here is the inflation which will be 5.8% 2024 and 4.3% in 2025 similarly it has projected India's headline inflation rate at 4.4% in financial 25 and 4.1% in financial 26 in coming in the coming section uh tell me what is the inflation rate projected by RBI for financial year 25 so what is the inflation rate projected by RBI for the financial year 25 it has Al also mentioned about the global depth in this report so as per this latest report the global public debt is expected to reach around uh 100 trillion which is 93% of the global GDP in 2024 and will approach 100% of the global GDP by 2030 so if you see these questions and all it cannot be asked in objective there are very light chances to be asked in the objective so you can use this data in your subjective your descriptive part so this will help you gain more marks and key findings other key findings of this report is that so according to this report USA and China are the main drivers of the increasing Global public depth so the report has estimated that in a worst case scenario the global public debt could be 115% of the global debt by 2026 and also according to this report for advanced economies the maximum case the maximum amount the depth can be is around 134% of its GDP in case of emerging economies the it can reach up to that is the depth can reach up to 88% of the GDP remember in case of advanced uh in case of the global public Deb it is expected to be 115% in the worst case scenario similarly for the advanced economy is 134% and for the emerging economies it can reach up to 88% of the GDP next news is about the NDS NDS what is this NDS so this is the negotiated dealing system system order matching negotiated dealing system order matching so this it is a screen based electronic Anonymous order matching system for the secondary market trading in the government security so if you want to buy shares of any companies you can go to the stock market in the stock market you can uh put the buy order and that will get executed similarly what if you want to buy the government securities in that case you have this NDS comes into picture so this NDS is a platform where we can buy the government securities this plat form is owned by the RBI and this was launched in 2005 so this government of India in this platform the government of India issues bonds D bills and state development loans in this platform so if you see there are certain extra entities can now participate in this NDS so if you see the Reserve Bank of India has expanded direct access to its NDS negotiated dealing system order matching electronic trading platform to a wider range of regulated entities so previously if you see if these Banks wanted to buy from uh the t- Bills or the government securities in the secondary Market they have to buy it via an indirect system that is if rrb in this case it has been extended to rrb local area bank right so if previously if local area Bank wanted to buy then in case in that it will have partnership with an entity which has direct account in this NDS oom so this will be an entity which has a direct account in this NDS omom and this um entity will execute the order on behalf of this local area Bank this is how it is it was executing until now so if you see now this trading platform is available to a wider range of entities such as rrb local area Bank nbfc including hfc the new guidelines have enabled the entities to either gain direct access permitting them to execute transaction on the NDS oom or opt for indir access in partnership with an entity that hold direct taxes so these are the two options available so now if you see RBI has specified that direct access to NDS om granted to an entity is not transferable so whatever access is being granted to an entity they cannot transfer that right to any other entity and also RBA has the power to add new conditions if the entity is found to violate any provisions so RB has has the right to add any new condition and also the foreign institutional investors and the corporate companies are still not having direct access they can only continue to access the secondary market via the indirect access to the DS O next is about a report called World line report so according to the world lines report titled India's digital payments report for H1 2024 the UPI transaction that is the total number of UPI transaction it has increased from 51 billion in the first half of the financi Year 2023 to se in the first half of the 2023 not Financial year first half of the 2023 to 78 billion in the first half of the 202 24 so remember it has increased from 51 billion to 78 billion which is around 52% increase which is very very huge the value of these UPA transaction has also increased by 40% so the volume has increased by 52% and the value has been increased by 40% so if you see these are all digital related data so if you want to if there's any essay on how is the digital economy in India or what is the digital penetration in India then you can use these data this will substantiate your answer major key findings of this report is that increase in deployment of Point of Sales so you know that when you go to a merchant place or to a shop you'll have a POS mission right so swiping Mission so you'll provide your ATM card he will swipe the merchant will swipe swipe it in the POS Mission and to that the amount gets credited to his bank account so this is the purpose of the point of sale uh equipment so that has also increased by around 177% and if you see the major driver in this um point of sale is the private sector Bank the private sector Bank stopped among all banks in India in terms of the point of sales deployed with 80% of Market this is very huge so out of the total number of POS available 80% are deployed by the private sector Banks and followed by the public sector Banks accounted for 18% and the foreign and small Banks they have very negligible amount of market share that is around 1% next is decline in average ticket size so the average per UPI transaction it has decreased from 1,63 to 1,478 in case of P2P that is Person to Person uh transaction is around 2836 and person to Merchant transaction is around 643 the top UPI players are phone pay Google pay and PTM they uh all together they account for 94.8 3% of the all transaction by volume basis next the card in circulation so the report noted a growth of 11% in terms of the number of cards in circulation the top five issuers of credit cards are HDFC Bank SBI ICC Bank access bank and the KML that is CCH mahra bank and top five issuers of debit cards are SBI Bank of Baroda caner Bank Union Bank of India and HDFC bank so in this case if you see they may ask you which among the following is not one among the top five issuer of credit cards so they might ask these kind of questions so remember the top five we have launched a new course called Static banking awareness course now this course will be helpful for students who are preparing for the banking exams and for the regulatory body exams and also recently you would have seen PTM Bank in news uh frequently so when an aspirant reached this news he would have ample number of questions like what is the payment Bank what are the norms for it and which is the committee that has launched it so this static banking awareness course lays a foundation to the current Banking and finance news now you have to download our careers Cloud to access this course once you have logged in to our app you can go and click this all courses uh icon and then you'll be redirected to this page in this you have to go and click the static banking awareness course and under the details tab you'll be able to see a brief about this course and under the part tab it will contain all the contents all the topics of the contents that are currently available in this course we are working on this continuously and this will be completed within 2 months under the free tab you can go and access One content that is the origin and development content for free you can go and read this content and have an idea about this course after reading this content do attend the quiz that is also available under the same tab now our team has allocated ample amount of time and resources to curate this content we have created this content from various books and from various verified websites our content is better than any book that is available in the market this is because we update this content on a dynamic basis for example there are currently 39 drts that are available in the country now in future if one more DRT is created or added then it would become 40 so we would update this content on a dynamic basis but in case of books you have to wait for the next publication for this updated content nowadays a lot of practical questions have been asked in the banking exams for example how many public sector banks are available on the stock exchange which is the payment bank that is been listed on the stock exchange so we try to cover as many Poss as many practical questions as possible in this course apart from this we also provide you a question bank that will contain around 3,000 questions and the previous year questions along with it we also have a dedicated tab that will release the important RBI notification and the frequent news released by The RBI you can use this code B15 to Avail 15% discount this is one of the highest discount that we have offered until now so do Avail the scode B15 while you purchase the course the next news is ujen small Finance bank has received RBI approval for foreign exchange services so it has received approv from the RBI for foreign exchange services enabling it to offer a range of Forex products and services it has received ad category one that is authorized dealer category 1 license under the section 10 of the femma ACT 1999 so if you see there are three types of AD categories so the first one is AD category 1 2 and three ad ad category 1 Banks they can carry out all current and capital account transaction as per the rbi's direction in case of AD Category 2 they can carry out only specified non-trade related current account transactions and also they can carry out activities permitted to full-fledged money exchanges so remember it is only specified non- trade this is important to remember specified on trade related current account transaction here ad Category 3 they can carry out specific foreign exchange transaction that pertains to their business or activities only if it pertains to their business or activity only those type of Foreign Exchange transaction can be done so if you see a comparatively more power is there for at category 1 because they can carry out all current and capital account transactions next news is that RBA approves pamal payment service limited a subsidiary of pyram capital Housing Finance limited to set up a pay prepaid instrument service called pyram pay so we know that what is prepaid instrument here in prea instrument you can store the money before in hand like a wallet or something and then you can use this for payment either to make it to the merchant or something you can make the payment from this instrument that is prepaid instrument first you install first you upload the money into this PPI and then use the money for any payments so prepaid instruments are digital payment methods that allow users to to store money electronically and use it to purchase goods and services PPA are also known as prepaid cards or stored value cards the next is about news is about incart global so incart Global which is a Singapore based company it has received it has become the first firm at the gift that is Gujarat international finance Tech City to obtain a batf license what is batf bookkeeping accounting Taxation and Finance I crime complaints so what this mainly does is that it will help the international clients to enter into the market in a seamless way so you know there will be a lot of procedures before entering into the Indian market right these International clients will not be aware of it so they'll help them be aware they help them to even comply with the processes so it becomes easy for them so it aims to ease the entry process for the international clients into the indiia market while contributing to the gift City's growth batf regulation it aims to align India's Financial Service standards with the global Norms ensures compliance with the international standards and safeguards against Financial crime these are the various uh rules various things that are done by the batf the next is that City Group it is it has partnered with the Master Card which is an American multinational payment card service to enable 24/7 crossb cross border payment through the debit cards so if you see currently this will be available in the 14 receiving markets across Europe Asia Africa Latin America and also this will be available for domestic transfers in the United States of America so remember it is City group and MasterCard which has partnered and the purpose is crossborder debit payments next is iob launches iobi mahila shakum scheme so this scheme has been launched to empower the individual women SG for ENT entrepreneu activity so this is an initiative under D nrlm that is Dean Dalal antia National rural livelihood Mission which is an initiative by the government of India the very important Flagship initiative by the government of India to improve the uh Financial to provide financial assistance to the individual members of the women SG so to enhance to empower the women SG this scheme was mainly introduced and also this um iob scheme also aliance with the ministry of rural development lakpa dii yoga so this is the ambition to create more than 3 CR women to make them earn more than 1 lakh per year so that is the main ambition of this lakpa D yoga so about this scheme if you see women they can Avail loan minimum of 75,000 and maximum of about 10 lakhs and the repayment tenure is if you see 60 monthly or 20 quarterly installments including moratorium period so the monitoring period maximum is about 12 months and the MD and CEO of iob is Ajay Kumar shatab the headquarter is in Chennai next is that bank of Baroda has introduced a new deposit scheme called boob UTA deposit scheme so this is a 400 day period term deposit scheme the tenure the interest rate if you see it is 7.3% for the general public 7.8 for the senior citizen 7.9 for the super senior citizens and 7.95 for the non non callable deposits non-callable deposits mean these deposits cannot be withdrawn with before the maturity date only after the maturity you can withdraw it before that you you are not allowed to and you cannot withdraw the amount this is called as a non-callable deposits next is about IR so irda that is Insurance Regulatory and Development Authority of India it has extended the timeline for the implementation of IFRS so this is a stand this is a reporting standard so if you see International financial report in standard regulation by the financial year 27 so first initially irda had told that I will implement this IFRS by Financial year 25 but now it has requested for the extension so now this will be implemented by Financial year 27 so this irai was constituted in 1999 as an apex body to regulate and develop the insurance industry in India later it was in incorporated as a statutory body in April 2000 under the irda ACT 1999 so it works under the Ministry of Finance the chair man is debashish Panda remember this next is that Shakti kantan Das the governor of RBI receives A+ grade in the Central Bank report cards 2024 so if you see this is the second consecutive year that the governor has received this award so this has been placed he the governor that is Shakti kantan Das has been placed at the top of the list of the three Central Bank Governors so the other two Central Bank Governors are Denmark's Christian Kettle Thompson and Switzerland's Thomas Jordan remember the names it is Denmark's Christian Kettle Thompson and Switzerland's Thomas Jordan are the other two Central Bank Governors who have received this award next is that Assam and ADB join hands to restore the weight LS so the Assam government in collaboration with the Asian development Bank it has initiated a project which is called in short Swift which means sustainable Wetland integrated Fisheries transformation remember it is sustainable Wetland integrated Fisheries transformation the budget is 796 cror to restore around 129 Wetlands no and then which will cover an area of around 3,800 hectares so the total budget of the project is 796 crores and this will restore around 129 Wetlands so from the total outlay 80% funding will be from the ADB and 20% from the state government and also these wetlands have been geom mapped by the Assam State application stand thank you for watching the session I hope you had enjoyed it we're also available in telegram under name Affair Cloud official we also have an Instagram handle apart from this you can contact us directly on 967 3862 regarding any courses that we offer or regarding any payment issues you can contact on directly on this number thank you