Uday Kotak Only Indian In Forbes List ‘Most Powerful In Financial World’
Kotak Mahindra Bank Chief Uday Kotak, who has a net worth of about $7.1 billion (nearly Rs 47,234.5 crore), is the sole Indian in Forbes’ list of 40 of the most powerful people in the financial world who control the flow of trillions of dollars around the global economy. Uday Kotak is ranked 33rd in the Forbes list of ‘Money Masters: The Most Powerful People In The Financial World‘ topped by Blackstone Group’s CEO Stephen Schwarzman, who has a net worth of $10.2 billion (nearly Rs 67,858.05 crore) and oversees assets worth $344 billion (nearly Rs 22.8 lakh crore).

India Ranks Ninth In Crony-Capitalism Index
India is ranked at ninth position in crony-capitalism index that was released by the Economist in the first week of May 2016. India has a crony sector wealth counting for 3.4 percent of the gross domestic product (GDP). As per the latest crony-capitalism index the non-crony sector wealth in India amounts to 8.3 per cent of the GDP. India stood at the same ninth place in the previous 2014 rankings. Russia topped the list and followed by Malaysia, the Philippines and Singapore.

India Is 5th Largest In Fake Goods Exports
According to the new study by the Organisation Economic Cooperation and Development (OECD) and the European Union’s Intellectual Property Office, India is the 5th biggest exporter of fake goods in the world. The list is topped by China, followed by Turkey, Singapore and Thailand.

Nabard Partners Germany For Food Security Initiative
The National Bank for Agriculture and Rural Development (NABARD) has entered into collaboration with German Government for a special programme on ‘Soil Protection and Rehabilitation for Food Security‘. The programme is part of the German government’s recently introduced special initiative ‘One World, No Hunger’ initiative. India is the only country in Asia chosen for this initiative. As part of the collaboration, NABARD is anchoring two major programmes – soil conservation and rehabilitation of degraded land programme in Maharashtra and Madhya Pradesh. It is also conducting innovation of watershed development and climate change adaptation programmes in Andhra Pradesh, Telangana, Maharashtra, Gujarat and Rajasthan.

Mahindra Becomes First Indian Company To Join EP100 Campaign
Automobile giant Mahindra & Mahindra has become the first Indian company to join a global energy campaign led by an international non-profit group that will work with the world’s most influential businesses in setting commitments to double their energy productivity. Mahindra Group chairman Anand Mahindra represented the corporate world at the high-level signing ceremony of the historic Paris climate change agreement at the United Nations. By signing to this campaign, the company committed to double its energy productivity by 2030 which is a core requirement for any business signing on to the campaign.

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