Current Affairs Ranks & Reports

  The ‘UK India Business Council Ease of Doing Business Report’ has been released. It highlighted that UK businesses’ perceptions of corruption as a barrier to operating in India has halved since 2015. An in-depth survey of businesses with a combined turnover of USD 122 billion, the report found only 25% of UK businesses saw corruption as a major barrier in 2018, as opposed to 51% in 2015. 46% of UK Businesses responding had plans to expand their investments in India in the next 12 months. Since 2000, the UK has been the largest G20 investor in India, investing £17.5 billion and creating 371,000 new jobs, representing 10% of all FDI–related jobs in that period.
Source: Outlook India

 Switzerland has topped the list of the IMD World Talent Ranking 2018 for the fifth year in a row. Among the BRICS countries, South Africa remains in the middle position (50th) performing better than India (53rd) and Brazil (58th) but lagging behind China (39th) and Russia (46th).
The Top 3 countries in the list are: 
  • Switzerland
  • Denmark
  • Norway
  • Source: IMD

     Indian-American Shantanu Narayen, the Chief Executive Officer (CEO) of Adobe,has been named by Fortune in its 2018 Business Person of the Year list. The list ranks 20 business executives “delivering on the bottom line and beyond”. Narayen ranks 12th on the list, which has been topped by CEO of insurance company Progressive Tricia Griffith and includes CEO of graphics chipmaker Nvidia, Jensen Huang, French conglomerate Kering CEO Francois-Henri Pinault, Amazon CEO Jeff Bezos and PayPal CEO Dan Schulman.
    Source- The Hindu Business Line

     The International Energy Agency in its latest report ‘World Energy Outlook’ stated that India will overtake the U.S. to become the world’s second-biggest emitter of carbon dioxide from the power sector before 2030. Carbon dioxide emissions from India’s power sector are expected to rise nearly 80% by 2040 as power use almost triples, driven in part by air conditioning. China will remain the biggest emitter. 
    Source- Bloomberg

     Bangalore tops the index for the most congested city, and Mumbai in the second position, while Pune follows in the seventh place, according to a recent research published under the US-based organization, National Bureau of Economic Research (NBER). Conducted by a team of researchers at the University of California, Berkeley and three other U.S. universities, the research studies the current status of mobility in urban India, using Google maps. In another index of traffic speed, Kolkata has been found to be the slowest city, while Pune manages to hold down its position to the 20th place.
    Source- NBER

     Unemployment rate in the country rose to 6.9% in October, the highest in two years, according to a report by the Centre for Monitoring Indian Economy (CMIE). The estimated number of people employed during October 2018 was 397 million. This was 2.4% lower than the rate in October 2017. Around 407 million individuals were estimated to be employed during the same period in 2017. Only 39.5% of the adult population was employed in October 2018.
    Source- The Moneycontrol

     India jumped 23 positions in the World Bank’s Ease of Doing Business Index 2019  and is now ranked 77 out of 190 countries in 2018, a development that could help the country attract more foreign investments. It was ranked 100 in 2017.
    According to the Doing Business Report (DBR, 2019), New Zealand topped the list, followed by Singapore, Denmark, and Hong Kong. The United States is placed eight and China has been ranked 46th. India has become the top-ranked country in South Asia for the first time and third among the BRICS.
    The doing business report ranks countries on the basis of distance to frontier (DTF), a score that shows the gap of an economy to the global best practice. India’s DTF score improved to 67.23 from 60.76 last year. India has improved its rank in 6 out of 10 indicators. These parameters include ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency.
    Source- The Quint

     According to a report named QS Asia University Rankings 2019 by Quacquarelli Symonds, India doubled their presence in the ranking. India has the third largest number of universities and institutes (75), after mainland China (112) and Japan (89). The National University of Singapore has been assessed as Asia’s best university. IIT-Bombay remains the highest ranked institution. It moved one place to the 33rd position.
    The Other Indian institutions  in the top 100 are:  
    • IIT-Delhi at the 40th position,
    • IIT-Madras at the 48th position,
    • Indian Institute of Science-Bangalore, 50th Position.
    Source- Digital Learning

     Fertiliser major IFFCO announced that it has been ranked as the biggest cooperative in the world by ‘Word Cooperative Monitor’ report 2018. The International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse) publish the world cooperative monitor report. The report was based on the ratio of turnover over gross domestic product (GDP) per capita. IFFCO has nearly 36,000 member co-operatives and a turnover of nearly USD 3 billion (FY 2017-18). It has retained this position from 2016.
    Source- The Financial Express

     India installed 4.9 GW of solar power, consolidating its position as the second largest solar market in the world, during the first half of the calendar year 2018, according to a report by Mercom Communications India. According to the report, China topped the list. Adani remained the largest project developer in terms of total cumulative installations and top installer in terms of capacity installed through the end of the first half.
    Source- The Hindu Business Line


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