1. Dr.

Deepak Mohanty, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA), inaugurated
Zerodha Broking Limited's NPS web-app, in New Delhi on 7th March.
2. Tech Fini, a Mumbai-based Fintech firm has collaborated with the National Payments Corporation of India (NPCI)
to offer UPI1 2.0 Acquiring and Issuing Switch Solutions to its merchants.
3. Private sector life insurer Kotak Life Insurance on 5th March launched a non-linked participating product Kotak
G.A.I.N which offers long-term saving or income.
4. Nagaland Chief Minister Neiphiu Rio announced a fully-funded (by state government) universal life insurance scheme
as he presented the Budget for 2024-25.
5. Dvara Money (DM), building a technology-driven financial solutions platform, is partnered with Jana Small Finance
Bank Limited (Jana SFB).
6. Ecommerce company Flipkart2 launched its UPI services, Flipkart UPI, in partnership with Axis Bank.
7. The Union Cabinet chaired by PM Shri Narendra Modi approved to release an additional instalment of Dearness
Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1.1.2024 representing
an increase of 4% over the existing rate of 46% of the Basic Pay/Pension, to compensate against price rise.
8. The Government of India and the Asian Development Bank (ADB) signed a $23 million loan agreement to enhance
access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT-City)
on 14th March.
9. The Government of India and the Asian Development Bank (ADB)today signed a $181 million loan to build quality
infrastructure and services toward improving urban livability and mobility in the peri-urban areas of Ahmedabad city in
Gujarat. It will construct 166 km of water distribution network, 126 km of climate-resilient stormwater drainage, 300
km of sewerage systems, and four sewage treatment plants.
10. NBFC L&T Finance Holdings Ltd. (LTFH) said it had signed a financing pact with Japan International Cooperation
Agency (JICA) for $125 million to support financing in rural and peri-urban areas in India, particularly women
borrowers.
11. Aditya Birla Capital Ltd. has announced the amalgamation of Aditya Birla Finance Ltd., its wholly owned
subsidiary, with itself to create a large unified operating non-banking finance company (NBFC).
12. CCI approves merger of a financial technology company, Garagepreneurs Internet Private Limited (GIPL aka Slice)
with the North East Small Finance Bank.
13. UPI can now be used to make payments to Nepalese merchants.
14. Finance Ministry (FinMin) notifies ₹90 coin to commemorate 90 years of RBI.
15. Tata AIA Life Insurance has launched the Tata AIA Rising India Fund, a new fund offering (NFO) that will be open
for subscription until March 31, with units priced at ₹10 per unit during the NFO period.
16. Capital markets regulator Securities and Exchange Board of India (SEBI)3 has approved the launch of the beta
version of the T+0 settlement on an optional basis from March 28. T+0 settlement means that the funds and securities
for a transaction will be settled on the day the trade was entered into.
17. SEBI cancels merchant banking license of Karvy Investor Services for non-compliance. In September last year, a
show-cause notice was issued to Karvy Investor Services, but there was no response on the same.

1
NPCI conducted a pilot launch of Unified Payments Interface (UPI) with 21 member banks. The pilot launch was on 11th April
2016 by Dr. Raghuram G Rajan, Governor, RBI at Mumbai.
2
Flipkart demerged with PhonePe on December 2022.
3
The Securities and Exchange Board of India was established as a statutory body in the year 1992 and the provisions of the
Securities and Exchange Board of India Act, 1992 (15 of 1992) came into force on January 30, 1992.