July 1

India no longer a nation with world's largest poor population: Report
With persistent decline in poverty, India is no longer a nation having largest number of poor people in the world published by US based think tank Brookings.
The study, titled 'The start of a new poverty narrative' and published in the Brookings' blog, is authored by Homi Kharas, Kristofer Hamel and Martin Hofer.
According to the study, Nigeria has already overtaken India as the country with the largest number of extreme poor in early 2018, and the Democratic Republic of the Congo could soon take over the number 2 spot.
At the end of May 2018, our trajectories suggest that Nigeria had about 87 million people in extreme poverty, compared with India's 73 million.
It further pointed out that by the end of 2018 in Africa as a whole, there will probably be about 3.2 million more people living in extreme poverty than at present.

July 2

'IGI, Mumbai airports fare poorly in punctuality'
The Indira Gandhi International Airport in Delhi, the 16th busiest in the world, ranked poorly in flight punctuality, securing the 451st position among the 513 airports worldwide, revealed a study conducted by OAG, a global leader in providing flight information.
The Chhatrapati Shivaji International Airport in Mumbai, the second busiest in the country, fared much worse in flight punctuality as it was ranked fifth least punctual airport in the world, just ahead of airports such as Jakarta Soekarno-Hatta Airport in Indonesia and Islamabad airport in Pakistan.
None of the major Indian airports figured among the top 200 in 'on-time performance' (OTP), but the small Port Blair airport in the Andaman and Nicobar Islands got the worldwide rank of 65, thanks to its punctuality rate of 84.6%.
The Hyderabad airport ranked 246, Bengaluru airport 262 and Kolkata 270.

July 5

Tougher entry into India for investors from 25 nations in 'high risk' list
Participation in Indian markets will get more difficult for foreign institutions based out of Mauritius – India’s second largest source of Foreign Portfolio Investor (FPI) flows.
According to sources, the global custodians have recognised 25 countries including Mauritius, Cyprus and United Arab Emirates (UAE) as ‘high-risk jurisdictions’.
Going forward, off-shore funds investing through these countries will have to comply with additional Know Your Customer (KYC) norms.
Currently, the KYC requirements of FPIs are based on the category they fall under. Category I and II FPIs, who are considered low-risk investors, need to provide minimum documentation while Category III FPIs who are unregulated entities are subject to additional disclosures.
Going forward, even the sovereign funds and ‘appropriately’ regulated funds coming from these high jurisdictions will have to comply with the additional documentation requirement.

July 6

India’s EV ride will be driven by govt for next 10 years: Study
Indian passenger electric vehicles will be primarily driven by government and corporate procurements only over the next four years.
India’s car market is driven by very affordable (below $10,000) small vehicles, and the Indian government has not shown any appetite to provide subsidies that would be required to make electric passenger vehicles affordable for private citizens in the short term.
Based on the procurement trends, annual passenger electric vehicle (EV) sales may reach 30,000 units by 2022, compared to only 2,000 units in 2017 by the Bloomberg New Energy Finance ‘Long-term electric vehicle outlook 2018’ report.
Progress on e-bikes, rickshaws and e-buses looks promising over the next 10 years. But, expect EVs to represent just 10 per cent of India’s total passenger vehicle fleet in 2040.

July 10

Bengaluru, Delhi top in startup funding
New Delhi and Bengaluru had among the highest number of startup investment rounds greater than $100 million since 2014.
Bengaluru had (21) and New Delhi (18), according to a report by US venture capital and startup database CB Insights.
The report shows that each of the Indian cities had about the same number as London (19), and significantly higher numbers than Boston (13) and Tel Aviv (2), cities that are often regarded as strong startup hubs. Mega rounds are reflective of the opportunity that the startup holds.
Silicon Valley (158), Beijing (128), Shanghai (58) and New York (40) dominated these mega-rounds.
Some of the bigticket deals in India included those to Flipkart, Ola and Paytm, and to those like online grocer Bigbasket ($300 million in series-E funding led by Alibaba) and Swiggy’s $100-million fund-raise led by South African internet and media giant Naspers.

July 11

Andhra Pradesh tops the 'ease of doing business' ranking among states
Andhra Pradesh has topped the ease of doing annual business ranking of states and Union Territories by the World Bank and Department of Industrial Policy and Promotion (DIPP).
Telangana and Haryana are at the second and third positions, respectively.
Others in the top ten are Jharkhand (4), Gujarat (5), Chhattisgarh (6), Madhya Pradesh (7), Karnataka (8), Rajasthan (9) and West Bengal (10).
Meghalaya was ranked last at 36th position.
DIPP in collaboration with the World Bank conducts an annual reform exercise for all States/UTs under the Business Reform Action Plan (BRAP).

July 12

India climbs 3 spots to 57th in global innovation rankings
India has consistently been climbing up its Global Innovation Index (GII) rankings since 2015, but the country still has to improve on many indicators to catch up with China and others in the list of 126 nations.
The latest GII rankings, released in New York, put India at 57th position and China at 17th in 2018 as compared to their last year’s rankings of 60th and 22nd respectively, giving insight into their innovation capabilities and results.
Switzerland retained its number-one spot in the GII ranking and figured with Netherlands, Sweden, the United Kingdom, Singapore, United States of America, Finland, Denmark, Germany and Ireland in the list of top 10 nations.

July 14

Forbes list of America’s richest self-made women include two of Indian origin
Two women, Jayshree Ullal and Neerja Sethi, who belong to an Indian background, have secured a place on Forbes list of Americas 60 richest self- made women, ranking on the 18th and 21st spot, respectively.
Ullal, the CEO of Arista Network was ranked on the 18th position and Sethi, the Vice President of a tech company called Syntel, secured 21st position on the 60 richest self- made women list.

July 16

Connaught Place ninth most expensive office space in world
New Delhi’s Connaught Place (CP) has emerged as one of the most expensive office markets in the world, according to the findings of ‘Global Prime Office Occupancy Costs’ annual survey.
CBRE, a real estate consulting firm, which conducted the survey ranked CP at the ninth position as it has prime rent of US $153.26 per square foot per annum. With this it has also moved a notch up from last year’s 10th most expensive office location.
Mumbai was the other Indian city to find a place in the rankings. However, it’s Bandra Kurla Complex (BKC) moved down to the 26th position with an annual prime rent of US $96.51 per sq. ft. The central business district (CBD) of Nariman Point stands at the 37th position resulting in an annual prime rent of US $72.80 per sq. ft.

July 17

Forbes Releases 2018 Celebrity 100 List Of The World's Highest-Paid Entertainers
The Forbes has Released the 'Celebrity 100' list of World's Highest-Paid Entertainers. Boxer Floyd Mayweather captures the top spot on Forbes’ 20th annual Celebrity 100 ranking of the world’s highest-paid celebrities.
Few of the famous names on the list are Leonel Messi 8th, Cristiano Ronaldo 10th. From India, Akshay Kumar (40.5 million dollars) is ranked 76th while Salman Khan (37.7 million dollars) is on the 82nd spot.
The top 3 celebrities on the list are:
(1) Floyd Mayweather (Athlete, Boxing, $285M)
(2) George Clooney (British liquor giant, $239M)
(3) Kylie Jenner (Founder, Kylie Cosmetics, $166.5M)

UK Tops Global Ranking Of Nations' Soft Power, India Not On List
The UK has topped an annual global ranking of nations' Soft Power, with France placed second on the list of 30 countries which does not feature India.
The 2018 'Soft Power 30' index, published by UK-based strategic communications consultancy firm Portland and the University of Southern California Center on Public Diplomacy, ranked Germany as third followed by the US.
India does not figure on the list, but this year's report also features a chapter dedicated solely to Asia, listing 10 countries in the region, ranking India's soft power as eighth.
In the fourth edition of the annual Soft Power 30 Index, the UK narrowly beats France to regain the top spot in the 2018 - a position it last held in 2015.

July 18

4G Speed: India ranks behind Pakistan, stands at 109th place out of 124 countries
The availability of 4G has improved significantly in India in recent times but the speed at which these 4G connections work remain dismal. In fact, so bad is the 4G speed offered by telecom companies that it is worse than what 4G users in neighbouring Pakistan get.
At the time when 5G trials and optic-based broadband are promised by telecom giants in the country, a report from speed testing platform Ookla reveals the abysmal scenario of India's 4G internet connectivity.
India may have succeeded in making 4G available in more areas but that hasn't helped the problem of videos buffering and pausing on 4G connections.
According to a Economic Times report, the average 4G LTE data speed in India has remained constant for more than a year at about 6.1Mbps, much less than the global average of about 17Mbps. This makes the country one of the slowest among 124 countries on the list in terms of 4G speeds.

July 19

Udaipur ranked 3rd among world's best cities for second successive year
The city of Udaipur has once again in 2018 been ranked among the World's Best Cities by Travel + Leisure. Udaipur, the heritage-city built by the Maharanas of Mewar in the 16th century, is on the third place among the 15 of the world's best cities.
The top 2 cities are both in Mexico: San Miguel de Allende and Oaxaca.
In 2017, Udaipur had received this distinction by Travel + Leisure, has beaten scores of other international tourist hotspots to be crowned among one of the world's top 15 cities in a new poll.
As part of the World's Best Awards survey, readers of Travel and Leisure magazine were asked to rank their favourite urban destinations based on sights and landmarks, culture, cuisine, friendliness, shopping, and overall value.

July 20

India tops list of skilled visa immigrants in Australia
Nearly three lakh Indians migrated and settled in Australia from 2000 to 2016, according to official figures.
A majority of them are fluent in English and many of them have also bought their own homes in the country.
The data came at a time when Australia is witnessing fierce public debate on immigration amidst concern about jobs and overcrowding in major cities.
As many as 291,916 Indians migrated to Australia between 2000 and 2016, of which 154,012 individuals have acquired Australian citizenship, according to a data released by the Australian Bureau of Statistics (ABS).

July 21

Global Slavery Index released by the Walk Free Foundation mentions 40.3 million people under 'modern slavery'
According to report of Walk Free Foundation, the Global Slavery Index estimates that 40.3 million people worldwide were subjected to modern slavery in 2016.
Global Slavery Index released by the Walk Free Foundation mentions 40.3 million people under ‘modern slavery’.
To pressure governments and companies to do more to end modern slavery.
The reason for such slavery is import of USD 354 billion worth of goods by G20 countries
The report cites coal, cocoa, cotton, timber and fish as among the products.
Repressive regimes are of particular concern because their populations are put to work to prop up the government.

July 23

For third time, Kerala tops list of best governed States
Karnataka retained its fourth spot in the Public Affairs Index 2018, while Kerala topped the index, for the third time, for being the best governed large State in the country.
Tamil Nadu and Telangana stood second and third respectively.
The index on the quality of governance, released by Bengaluru-based think tank Public Affairs Centre, was based on 10 themes, 30 focus subjects and 100 indicators.
Karnataka was ranked third in 2016.

July 24

Global Slavery Index: India’s slave count went down by 10.3 million in 2 years
According to the results of a global survey by human rights group Walk Free Foundation (WFF), India is home to 8 million slaves among its whopping population of 1.3 billion.
The latest calculation shows the number less than by 10 million as it was found in 2016 (18.3 million), adding that the difference was because of changes in methodology as per Walk Free.
The changes reflect ways of counting people engaged in slavery on a given day or over a longer period.
The other four nations with the highest number of slaves are China, Pakistan, North Korea and Nigeria, making up 60 per cent of the global gures, according to WFF.
In terms of highest slavery, however, North Korea and Eritrea topped the list, the 2018 Global Slavery Index, adding that the African nation of Burundi also featured among nations with a high prevalence of slavery.

July 26

Four Indian-origin names in list of Fortune's 40 young influential people
Four persons of India-origin, including three women, have been named by Fortune among 40 of the most influential and inspiring young people in business under the age of 40.
Instagram Cofounder and CEO Kevin Systrom and Facebook founder Mark Zuckerberg, both 34, are tied for first place on the Fortune '40 Under 40' list.
Chief Finance Officer of the US' largest automaker, General Motors Dhivya Suryadevara comes in at the 4th spot, followed by Vimeo CEO Anjali Sud (14), Cofounder and Co-CEO of Robinhood Baiju Bhatt (24) and Female Founders Fund founding partner Anu Duggal (32).
For the first time ever, Fortune also assembled a supplementary honour roll of the most impressive, young superstars who are transforming business at the leading edge of finance and technology.

July 31

India ranks 96th in UN’s E-Government index 2018; jumps 11 places since 2016
India ranks 96th in the biannual United Nation’s E-Government Index 2018 among 193 countries released by UN.
India ranks 96th in UN’s E-Government index 2018; jumps 11 places since 2016i. India has a total score of 0.9551, it has emerged as sub-region leader.
India has scored 100% in the first stage of the E-Participation sub-index, followed by 95.65% in the second stage and 90.91% in the third stage.
Earlier in 2014, India was ranked at 118 and now has jumped 22 places in 4 years and 11 places in 2 years.
Denmark is the world leader, both on E-Government index and E-Participation sub-index.