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India’s 10 companies in Forbes Asia Fabulous 50 list

Forbes Asia Fabulous 50 list released on the eve of its 10th Anniversary has listed 10 Indian companies which stands second after China in terms of number of companies listed.

This year’s list was also dominated by Chinese companies, over 25 Chinese companies made to the list against 16 last year.

China’s Tencent continued to be at the top on chart, which now worth $ 176.5 bn. South Korea has third highest number of companies with four firms after China and India, whereas Malaysia, Singapore, and Philippines have two firms each and Japan, Indonesia have one firm each on the list.

Indian companies that made to the list are: HDFC Bank, Tata Consultancy Services, HCL Technologies, Aurobindo Pharma, Lupin, Sun Pharma Industries, Motherson Sumi Systems, Tech Mahindra, Tata Motors and Titan.

Among the fifty companies HDFC Bank was named as Asia Fab 50’s “brightest star” as it has made to the list nine times that is more than any other company in the list.

Note: Forbes selects The ‘Fab 50′ companies from the pool of 1,116 firms that have at least $ 3 billion in annual revenue or market cap.

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India to surpass China’s population by 2022: UN Report

India is going to become the most populous nation in the world by surpassing China in 2022.

It was revealed in recently released United Nation’s report titled ‘World Population Prospects: The 2015 Revision’ indicating India’s population growth within next seven years.

Key highlights from report

  • India will become most populous nation, six years earlier than it was previously forecasted and will retain the top spot till year 2100.
  • At present, China which is world’s populous country with approximately 1.38 billion population while, India has 1.31 billion.
  • India’s population around and after 2022, is projected to grow for several decades. It will be around to 1.5 billion in 2030 and 1.7 billion in 2050.
  • Life expectancy: In case of India life expectancy at birth will also improve over the next decades. It will grow from 71.7 years in 2025-2030 to 75.9 years in 2045-2050. It will be around 84.6 years in 2095-2100.
  • China’s population: It is expected to remain fairly constant till 2030s, after which it is expected to decrease slightly.
  • World Population forecast: Half of the world’s population growth is expected to be concentrated in 9 countries during 2015-2050. They are India, Pakistan, US, Nigeria, Ethiopia, Tanzania, Congo, Indonesia and Uganda.

It should be noted that, as per earlier population forecast issued in 2013, India was expected to surpass China’s population by 2028.

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E-tourist visa to Chinese nationals from July 30, 2015

Union Government has announced to roll out e-tourist visa facility to Chinese nationals from July 30, 2015. Hong Kong and Macao nationals will also be provided with e-tourist visa facility along with Chinese citizens.

This decision was taken in lines with promised made by Prime Minister Narendra Modi in this regard during his visit to China in May 2015. It should be noted that PM Modi had made this announcement notwithstanding frequent issuance of stapled visa by Chinese to Indian citizens from Arunachal Pradesh and Jammu and Kashmir.

About e-tourist visa facility

  • Union Government had launched this scheme as ‘tourist visa on arrival (VoA)’ in November 2014 for more than 40 countries and was extended to 36 more countries in April 2015.
  • It is pre-authorization of Visa i.e. electronic travel authorisation given to foreigners prior to travel. Under this scheme, an applicant receives an email authorising him/her to travel to India after it is approved. On arrival, the visitor has to present the authorisation to the immigration authorities who will in turn allow them to enter into the country.
  • The nomenclature of scheme was changed to present e-tourist visa facility in April 2015, in order to remove ambiguities faced by foreign tourists especially by scheme’s previous nomenclature VoA.

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