Vision India@2047

• The government is currently in the process of completing Vision India@2047, a comprehensive blueprint for the nation's development.
• It aims to elevate India to the status of a developed country by 2047.
• The goal is to safeguard against the risk of entering a middle-income trap, a situation encountered by many nations during similar phases of growth.
• Prime Minister Narendra Modi is anticipated to disclose this plan in the coming three months, outlining a series of reforms and targeted achievements to be realized by 2030.
• The plan entails significant structural changes in governance that are crucial for propelling India into a $30 trillion economy by 2047, with a per-capita income ranging between $18,000 and $20,000.

SBI Ropes in Cricket Icon MS Dhoni as Brand Ambassador

• State Bank of India has enlisted the services of cricket icon Mahendra Singh Dhoni as its official Brand Ambassador.
• Dhoni's involvement will be instrumental in driving various marketing and promotional campaigns for SBI.

KAZIND-2023

• Indian Army and Indian Air Force contingent comprising 120 personnel departed for Kazakhstan to take part in the 7^th edition of Joint Military ‘Exercise KAZIND-2023’.
• The Exercise will be conducted at Otar, Kazakhstan from 30^th October to 11^th November 2023.
• The Joint Exercise between India and Kazakhstan was instituted as ‘Exercise PRABAL DOSTYK’ in the year 2016.
• After the second edition, the Exercise was upgraded to a company-level exercise and renamed as ‘Exercise KAZIND’.
• The Exercise has been further upgraded as a Bi-service Exercise this year by including the Air Force component.

Fincare SFB to Merge with AU Small Finance Bank

• The merger between Fincare Small Finance Bank (Fincare SFB) and AU Small Finance Bank (AU SFB) is scheduled to commence on February 1, 2024, subject to the requisite approvals and regulatory authorisations.
• This substantial amalgamation endeavours to establish a strengthened financial entity with expanded capabilities and a wider outreach.

FATF Removes Cayman Islands from Its ‘Grey List’

• The Financial Action Task Force (FATF) is an inter-governmental body that sets anti-money laundering standards.
• It has removed offshore tax haven Cayman Islands from its ‘grey list’.
• Besides Cayman, Panama, Jordan, and Albania have been removed from the list.
• FATF has added Bulgaria in the grey list.