How many crores dividend check has SBI given to FM Nirmala Sitharaman for the financial year 2022-23?

Daily Current Affairs

Rs 4,500 Crores

Rs 4,860 Crores

Rs 5,290 Crores

Rs 5,740 Crores

Correct Answer : Rs 5,740 Crores

The country's largest public sector bank, State Bank of India (SBI), has given the government a cheque of Rs 5,740 crore as its dividend income for the financial year 2022-23.

* This is the highest dividend the State Bank of India has given in any financial year. Dinesh Kumar Khara, chairman of the country's largest bank, handed over the dividend cheque to Finance Minister Nirmala Sitharaman on Friday (16th June 2023).

* Financial Services Secretary Vivek Joshi was also present on the occasion.

* According to the data available on the BSE website, the State Bank of India has paid a dividend of Rs 23.1130 per share to shareholders for the financial year 2022-23. The record date for this was 31 May 2023.

SBI registers record profit in FY23 :

* State Bank of India reported a standalone net profit of Rs 16,694.5 crore for the quarter ended March, beating analysts' estimates by a huge margin.

* The PSU banking behemoth's net profit grew 83.2% compared to the corresponding year ago period.

* SBI's net interest income (NII) — or the difference between interest earned and interest paid — stood at Rs 40,392.5 crore for the three-month period as against Rs 31,197.9 crore for the quarter ended March 2022, according to a regulatory filing. .

Source : Zeebiz

Published On : June 17, 2023

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024