Qatar Current Affairs - 2020

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RBI grants license to Doha Bank to start banking operations in India

Screenshot_3The Reserve Bank of India has granted license to Doha Bank to start banking operations in India and has allowed it to open a branch in Mumbai to provide full-scale banking services.

Doha Bank which is the largest commercial bank in the state of Qatar intends to expand its operations at the local, regional and international levels. The bank will soon start operations as a foreign bank branch in Mumbai and will offer wholesale banking, retail banking, treasury and trade finance services to all customers in India.

This licence will further boost the niche role Doha Bank is playing and facilitating the movement of trade between Qatar and India. Qatar-India bilateral annual trade is about $16 billion and there are huge opportunities of growth available in infrastructure and other sectors in India.

There is a large diaspora of Indian population in Qatar and various Indian companies are active in infrastructure projects. As per Doha Bank, the licence will pave the way for the bank to support all expatriates with its solutions especially remittance solutions.

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WEF ranks India 101st on global gender gap index

The Geneva-based World Economic Forum (WEF) placed India at a low 101st rank on a Global Gender Gap Index which ranked 136 nations on how well resources and opportunities are divided between men and women in four broad areas of economy, politics, education and health. Despite India’s improvement on the Index by four positions since 2012, the performance indicates poor state of affairs in gender parity.

Key observations of Global Gender Gap Index :
  • Ranked very high at 9th place for political empowerment
  • Placed at second-lowest position (135th) for health and survival
  • Ranked at a low of 124th for economic participation and opportunity
  • Positioned at 120th for educational attainment
  • Among five BRICS nations, it still remains lowest-ranked
Who are the top performing countries on Global Gender Gap Index 2013?

Top-10 positions on the global have been retained by:

  1. Iceland
  2. Finland
  3. Norway
  4. Sweden 
  5. Philippines
  6. Ireland
  7. New Zealand
  8. Denmark
  9. Switzerland
  10. Nicaragua

Other major countries:

  • Germany at 14th
  • South Africa at 17th
  • UK at 23rd
  • Russia at 61st
  • Brazil at 62nd 
  • China at 69th

The nations that have been placed below India also include Japan (105th), UAE (109th), Republic of Korea (111th), Bahrain (112th) and Qatar (115th).

Pakistan at 135th and Yemen at 136th are the countries ranked lowest.

How did India managed a high-ranking in political empowerment?

The high rank for political empowerment is mostly because of India getting the top-most score in terms of number of years with a female head of state (President), as its political scores is not very good for factors like number of women in Parliament and women in ministerial positions. While no country has reached parity in terms of years with a female head of state, India has managed to get top rank for this indicator, whereas 65% of countries have never had a female head of state over the past 50 years. As per WEF, increased political participation has helped narrow the global gender gap across the world.

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