India has rolled down three spots to 77th rank in terms of money deposited by its citizens and enterprises with Swiss banks at the end of 2019, while the UK has maintained its top position, as per the recent data from Switzerland’s central bank. India was placed 74th in the previous year.
Pakistan got another extension on the “grey list”, as the Financial Action Task Force (FATF) plenary session on 24th June finalized to maintain all countries under scrutiny for Terror Financing and Money Laundering until October 2020.
Reliance Foundation chairperson Nita Ambani to be the only Indian to highlight in Town & Country magazine’s top global philanthropists of 2020 list including Tim Cook, Oprah Winfrey, Laurene Powell Jobs, the Lauder Family, Donatella Versace, Michael Bloomberg and Leonardo Di Caprio among others.
India has turned up as the 12th largest holder of US government securities at the end of April, keeping worth 157.4 billion dollars. While the holding reached a record high of 177.5 billion dollars in February, the same was highly decreased in March.
Reliance Industries (RIL) came up as the first Indian company to be valued at $150 billion. Saudi Aramco – heads the biggest companies globally with a market cap of $ 1,764.50 billion as on June 16, 2020.
India and China have raised their nuclear arsenal over the last year, as per to theStockholm International Peace Research Institute (SIPRI). The Swedish think-tank that researches on conflict, armaments and arms charge also aimed out on Monday that China is significantly modernizing its nuclear arsenal.
India retains to place 43rd on an annual World Competitiveness Index arranged by Institute for Management Development (IMD) with some traditional weaknesses like bad infrastructure and inadequate education investment keeping its ranking low.