 China’s economy grew at 6.6% in 2018, its slowest rate in almost 3 decades. The world’s 2nd biggest economy was grappling with the effects of the current trade war with the US and declining exports. In the 3 months to December, the economy grew 6.4% from a year earlier, down from 6.5 % in the previous quarter. China’s National Bureau of Statistics (NBS) stated that last year’s growth rate was down from 6.8% in 2017 and was the lowest since 1990 when the growth rate was 3.9%. |
| Source: News on AIR |
 India is among the most trusted nations globally when it comes to government, business, NGOs and media. The 2019 Edelman Trust Barometer report, noted that the Global Trust Index witnessed a marginal increase of 3 points to 52. China topped the Trust Index among both the informed public and the general population segments. India was at the 2nd place in the informed public category and 3rd place in the general population category. The findings are based on an online survey in 27 markets covering over 33,000 respondents. In terms of trust in companies headquartered in each market, the most trusted are those from Switzerland, Germany, and Canada. |
| Source: AIR World Service |
 India Steel 2019 Exhibition and Conference had begun in Mumbai. The three-day event organized by the Ministry of Steel helped chart out the future growth path of the steel industry. The event provided an opportunity for all the stakeholders to deliberate and identify ways to contribute towards building a robust roadmap for the further growth of the steel sector. More than 10 thousand business visitors both from India and abroad are expected to visit. |
| Source- Press Information Bureau (PIB) |
 India’s Ankita Raina has won the International Tennis Federation’s 25,000-dollar Women’s tournament in Singapore. In the Final, Ankita defeated top seed Arantxa Rus of the Netherlands, 6-3, 6-2. She toppled four seeded players in the tournament to win her first title of the season and eighth overall. She will play two more tournaments before gearing up for the Fed Cup, starting in the first week of February at Astana, Kazakhstan. |
| Source: News on AIR |
 Nepal’s central bank has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations, a move that could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used. Nepal Rastra Bank issued a circular prohibiting Nepali travellers, banks and financial institutions from holding or carrying and trading Indian bank notes higher than Rs 100. Under the new regulation, Nepali citizens cannot carry these denominations to countries other than India. Similarly, Nepalis are also not allowed to bring such notes from other countries. Indian notes of Rs 100 or below, however, are allowed for trading and conversion. |
| Source- The Livemint |
 The Swedish Parliament approved Stefan Lofven as Prime Minister for a second four-year term. A total of 115 MPs voted yes, 153 voted no and 77 abstained. To be elected, Lofven did not need to secure a majority of the vote. As long as fewer than 175 of the 349-member parliament voted against him, he would be elected. |
| Source: Euronews |
 The United Nations Educational, Scientific, and Cultural Organization (UNESCO)has named the Brazilian city of Rio de Janeiro as the World Capital of Architecture for 2020. Rio will be the first city to receive the title under a programme launched together by UNESCO and the International Union of Architects (UIA) in November 2018. The city beat Paris and Melbourne to get the position. As the first World Capital of Architecture, Rio de Janeiro will hold a series of events under the theme “All the worlds. Just one world,” and promote the internationally agreed 2030 Agenda for Sustainable Development’s 11th Goal: “Make cities and human settlements inclusive, safe, resilient and sustainable.” |
| Source- AIR World Service |
 The Reserve Bank of India has approved the appointment of V Vaidyanathan as MD and CEO of IDFC First Bank for a period of three years. In December 2018, IDFC Bank and non-banking financial company Capital First completed their merger, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity IDFC First Bank. Following the merger, the board of IDFC First Bank approved the appointment of Vaidyanathan as MD and CEO of the new entity. |
| Source- The Economic Times |
 The Insolvency and Bankruptcy Board of India (IBBI) has set up an 11-member working group under the Chairmanship of former SEBI chief UK Sinha to go into the concept of ‘Group Insolvency’ and suggest a suitable framework. This Working Group has been tasked to submit a report — within two months — recommending a complete regulatory framework to facilitate insolvency resolution and liquidation of corporate debtors in a Group. |
| Source- The Hindu Business Line |
 Himachal Pradesh MP Anurag Thakur has been bestowed with Sansad Ratna Awardfor his distinguished performance as a parliamentarian under Jury Committee Special Award category. Thakur became the first BJP MP to receive the Jury Committee award. 12 parliamentarians were honored with the Sansad Ratna award, which was set up in 2010 on the suggestion of ex-President APJ Abdul Kalam. |
| Source- DD News |
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