Who announced Partnership with WatchYourHealth (WYH)?

Daily Current Affairs

Yes Securities

Angel One

HDFC securities

Correct Answer : Yes Securities

YES SECURITIES (YSL) is partnering with WatchYourHealth (WYH), a tech driven healthcare platform, to provide investment solutions to healthcare professionals through the ‘Wellth- Where Investments and Health Unite’ program.

Aim : As per the company, the partnership is aimed at helping the healthcare community start their investment journey for successful wealth creation and achieving long-term financial goals.

Anshul Arzare, joint MD and CEO, YES SECURITIES said, “The journey of wealth creation and financial planning involves investment awareness, picking the right asset mix, and aligning it with financial goals and this requires time, knowledge and critical decision making. Our products and offerings are curated to suit both the new age and traditional investors. With this partnership, we aim to provide the best of wealth advice and democratise investment accessibility to every investor in the country.”

Additionally, the company will provide free-of-cost demat and trading accounts, monthly stock research recommendations, and tailor-made product offerings based on the client’s needs. The partnership will also see the launch of a custom app, which will provide a seamless and personalised investment journey exclusively for doctors.

Ratheesh Nair, CEO and co-founder, WatchYourHealth said, “The Wellth initiative, where Investments and Wealth unite is an endeavour from WYH and the YES SECURITIES to help the Doctor community grow their wealth with professional guidance using financial education as a tool. This educational series will help doctors diversify from traditional investment opportunities like FD and look at growing their wealth in line with the India growth story.”

Moreover, some of the other features under the Wellth program include investment products and advisory services to doctors and healthcare professionals, financial planning products including SIPs and AIFs to retail and HNI clients. This will also comprise webinars to create investment awareness, an online module to train doctors and healthcare professionals..

Source : Financial Express

Published On : June 7, 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