International Current Affairs - 2019

Latest International Current Affairs 2019 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2019.

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U.K. to slash aid to India

Britain is planning to slash its £280 million a year aid to India from 2015 following increasing domestic pressure on Prime Minister David Cameron to halt funding emerging economies such as India, China and Brazil at a time when Britain itself faces a serious economic crisis.

The funds, however, will still be diverted to aid projects abroad, rather than helping to ease the deficit or fund public services in the country.

Month: Categories: International

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India declines 4 places, ranked 40th in WEF’s financial development index

 India was ranked at 40th position in the World Economic Forum’s Financial imageDevelopment Report 2012, down four spots from last year. The index ranked 62 leading financial systems and capital markets. As per the report weak institutional and business environment in India is the reason behind the fall in ranking.

As per Financial Development Report 2012, the rankings were as follows:

  1. Hong Kong
  2. US
  3. UK
  4. Singapore
  5. Australia
  6. Canada
  7. Japan
  8. Switzerland
  9. Netherlands
  10. Sweden

Month: Categories: InternationalReports & Indices

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