 As per the IMF’s latest report, India is projected to grow at 7.3% in 2018 and 7.4% in 2019. The report predicted India to regain the tag of the world’s fastest-growing major economy this year, crossing China with more than 0.7 percentage points. In China, growth is projected to moderate from 6.9 per cent in 2017 to 6.6% in 2018 and 6.2 % in 2019. In 2017, India had clocked a 6.7% growth rate. In India, important reforms have been implemented in recent years, including the Goods and Services Tax (GST), the inflation-targeting framework, the Insolvency and Bankruptcy Code, and steps to liberalise foreign investment and make it easier to do business, the International Monetary Fund (IMF) said in its latest World Economic Outlook (WEO) report. |
| Source- AIR World Service |
 Apple displaced Google to become the top brand in the world in 2018 while Facebook, mired in data breach controversies, fell to ninth place in the top 100 brands globally. According to global brand consultancy Interbrand’s “Best 100 Global Brands 2018”report, Amazon achieved a 56% growth to become the third top brand globally. According to the ranking, Apple’s brand value grew 16 per cent (year-on-year) to $214.5 billion. It went on to become the first company in the US to hit the $1 trillion market cap. Google stood at second place while Amazon is third. |
| Source- Economic Times |
 According to an international survey, India’s overall ranking on the government’s adoption of e-payments has moved up to 28th in 2018, from 36th in 2011. The survey has lauded India for taking “rapid strides” in advancing government e-payments capabilities and called it one of the top- performing countries in terms of citizen-to-government business-to-government and government-to-business transactions. Norway leads the pack in the 73-country ranking, followed by France and Denmark. The 73-country survey looks at availability of government electronic transaction services and the underlying environment of mechanisms that support digitisation for all transactions in a market, such as policy and infrastructure. |
| Source- DD News |
 Reliance Industries’ Chairman Mukesh Ambani has emerged as the richest Indian for the 11th consecutive year with a net worth of USD 47.3 billion, according to Forbes magazine. Ambani is also the year’s biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service. As per the ‘Forbes India Rich List 2018’, Wipro Chairman Azim Premji has retained the second spot, adding USD 2 billion to his wealth at USD 21 billion; while ArcelorMittal Chairman and CEO Lakshmi Mittal moved a place ahead to the third slot with a net worth of USD 18.3 billion. |
| Source- The Forbes |
 Union Human Resource Development Minister Prakash Javadekar announced the “Swachh Campus rankings” under various categories. The rankings were decided on the basis of a survey under the ‘Swachhta Hi Sewa’ campaign. “Swachh Campus rankings” under various categories are listed below: |
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Cleanest ‘Government Universities’:
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Cleanest Residential Campuses of ‘Private Universities’:
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Cleanest Technical Institutions’:
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| Source- Hindustan Times |
 According to Association of Mutual Funds of India’s (AMFI) statistics, Maharashtra tops the chart for state with the maximum penetration and Assets Under Management (AUM). Also, as per August, average assets under management (AUM) of mutual funds rose to an all-time high of Rs 25.2 lakh crore across the country. For Maharashtra, it touched Rs 10.35 lakh crore, about 41.1% of the all-India total. It is followed by Delhi having Rs 2.35 lakh crore and Karnataka having Rs 1.76 lakh crore. |
| Source- DD News |
 No Indian institution figures in the top 250 of the Times Higher Education’s (THE) world university rankings 2019, though the Indian Institute of Science, Bengaluru, has retained its position as the highest-ranked centre in the country, while the Indian Institute of Technology-Indore has risen to the highest position behind it. The rankings show Oxford continues to hold the first place, Cambridge second, and Stanford third. The Massachusetts Institute of Technology rose one place to number four. In India, number of Indian institutions in the rankings increased from 42 last year to 49, making it the fifth best-represented nation. |
| Source- Hindustan Times |
 India ranks 158th in the world for its investments in education and health care, according to the first-ever scientific study ranking countries for their levels of human capital. The nation is placed behind Sudan (ranked 157th) and ahead of Namibia (ranked 159th) in the list. The study, published in journal The Lancet, says that India is ranked at 158 out of 195countries, an improvement from its position of 162 in 1990. The U.S. is ranked 27th, while China is at 44th and Pakistan at 164th. |
| Source- The Hindu |
 Billionaire Mukesh Ambani, chairman of India’s second-most valued firm ‘Reliance Industries’, has topped the ‘Barclays Hurun India Rich List 2018’ for the seventh consecutive year, with the total net worth of INR 371,000 crore. Barclays Hurun India Rich List 2018, a compilation of the individuals in India having a net worth of INR 1,000 crore or more, featured 831 Indians compared to 617 last year. Mr Ambani is followed by London-based S.P. Hinduja, with the net worth of INR 1,59,000 crore; and L.N. Mittal, with a net worth of INR 1,14,500 crore. Azim Premji,with the wealth of INR 96,100 crore, is fourth in the list. The cumulative wealth of the 831 individuals featured in the list stood at $719 billion, amounting to a quarter of India’s GDP of $2,848 billion. |
| Source-The Hindu |
 India ranks third globally in terms of number of family-owned businesses with 111 companies having a total market capitalisation of $839 billion. India closely follows China with 159 firms and the US with 121 firms,according to the ‘Credit Suisse Family 1000 in 2018’ study, published by the Credit Suisse Research Institute (CSRI). As per the report, in terms of number of family-owned businesses within the non-Japan Asian region, the list is dominated by China, India and Hong Kong. These three jurisdictions together account for around 65% of the non-Japan Asian section of CSRI’s database. |
| Source- The Times of India |
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