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Global Human Capital Index 2017: India ranks 103
India ranked low 103rd out of 130 countries surveyed on World Economic Forum’s (WEF) Global Human Capital Index (GHCI) 2017. In the previous edition, India ranked 105th. The GHCI measures countries’ ability to nurture, develop and deploy talent for economic ..
Month: Current Affairs - September, 2017
Cabinet approves hiving off BSNL’s mobile tower assets into a separate company
The Union Cabinet has approved proposal for hiving off mobile tower assets of Bharat Sanchar Nigam Limited (BSNL) into a separate tower infrastructure company, fully owned by BSNL. Decision in this regard was taken in the Union Cabinet Meeting chaired by ..
Month: Current Affairs - September, 2017
London tops in 2017 Global Financial Centres Index
London has topped in the 2017 Global Financial Centres Index (GFCI) among 92 financial centres released by the Z/Yen and China Development Institute. India’s financial capital Mumbai was ranked at 60th position, up by three positions compared to previous edition. ..
Month: Current Affairs - September, 2017
Bharat Petroleum set to get Maharatna status
State-run oil marketing company Bharat Petroleum Corporation (BPCL) is all set to become a Maharatna company. Presently it is having Navratna status. The decision to elevate BPCL to Maharatna status was taken by panel headed by Cabinet secretary and an ..
Month: Current Affairs - September, 2017
Nepal to host Across Barriers-International Business Women’s Summit (ABIBWS)
The Across Barriers-International Business Women’s Summit (ABIBWS) will be organized by the South Asian Women Development Forum (SAWDF) at Kathmandu in Nepal from September 11. The basic objective of 2-day summit is to bring together women entrepreneurs from the SAARC, ..
China bans Initial Coin Offering
The People’s Bank of China (PBC), central bank of China has banned individuals and organisations from raising funds through initial coin offerings (ICO) saying that practice constituted illegal fund-raising. The PBC notified that digital token financing and trading platforms are ..
Month: Current Affairs - September, 2017
SAAB, Adani Group announce collaboration for defence manufacturing
Swedish defence and security company SAAB and Indian conglomerate Adani Group have announced collaboration in defence manufacturing entailing billions of dollars of investment. The partnership was announced mainly for design, development and production of single engine Gripen fighter jets under ..
Month: Current Affairs - September, 2017
Eight core sectors growth slips to 2.4% in July 2017
The growth of eight core sectors slowed to 2.4% in July 2017 due to contraction in output of crude oil, refinery products, fertiliser and cement. These eight sectors had witnessed 3.1% growth in July 2016. Cumulatively, these eight core sectors ..
Month: Current Affairs - September, 2017
Government clears 100% strategic sale of CEL
The Union Government (Department of Investment and Public Asset Management) has approved a 100% disinvestment through strategic sale along with transfer of management control of Central Electronics Ltd. (CEL). CEL was incorporated as CPSE in 1974 under the administrative control ..
Month: Current Affairs - August, 2017
ICEX launches world's first diamond futures contracts
The Indian Commodity Exchange (ICEX) as launched world’s first diamond futures contracts to provide exporters with a hedging tool. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished. The ..