India Ranks 3rd in Asia Power Index 2024 and USA Tops the List.
In the Asia Power Index 2024, India has secured the 3rd position, showcasing its growing influence and strategic capabilities in the region. The index, which assesses various metrics of power, ranks the United States at the top, reaffirming its dominant position globally. China's rising power continues to be a significant factor, placing it in the 2nd position. This year's rankings reflect shifting geopolitical dynamics and the increasing significance of nations like India in regional affairs. The index serves as a crucial tool for understanding the balance of power in Asia, highlighting India's role in shaping future alliances and partnerships.
India's strategic partnerships with other nations enhance its global influence and contribute to regional stability and security.
The Asia Power Index reflects the shifting power dynamics, with emerging economies like India playing a crucial role.
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Motilal Oswal Launches India's First 500 Momentum 50 Index Fund.
Recently, Motilal Oswal Financial Services has launched India’s first 500 Momentum 50 Index Fund. This innovative fund aims to track the performance of the Nifty 500 Momentum 50 Index, which includes the top 50 stocks demonstrating strong momentum. The index is designed to capture the performance of stocks that have shown significant momentum over the past 6 to 12 months. This move is expected to provide investors with a new avenue for portfolio diversification and potential growth. The fund reflects Motilal Oswal's commitment to offering unique investment solutions in the Indian market.
The fund offers a unique opportunity to invest in high-momentum stocks with potential for superior returns.
It enhances portfolio diversification by focusing on momentum-driven stocks within the broad Nifty 500 universe.
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DSP Mutual Fund Launches India's First Nifty Top 10 Equal Weight Index Fund and ETF.
DSP Mutual Fund has launched India's first Nifty Top 10 Equal Weight Index Fund and Exchange-Traded Fund (ETF). This innovative fund is designed to provide equal weightage to the top 10 Nifty companies, unlike traditional index funds that weight stocks according to their market capitalization. By equalizing the weightage, the fund aims to reduce concentration risk and offer a more balanced investment approach. Investors can now gain exposure to major Indian companies in a more diversified manner. The ETF and index fund will be accessible to both retail and institutional investors.
The fund provides a unique investment opportunity by diversifying exposure across the top 10 Nifty companies equally.
The ETF aims to offer lower volatility and risk compared to traditional market-cap weighted funds.
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RBI's Digital Payments Index Rises 12.6% YoY in March 2024.
The Reserve Bank of India's (RBI) Digital Payments Index (DPI) saw a significant year-on-year increase of 12.6%, reaching 418.7 in March 2024, up from 371.5 in March 2023. The DPI, which tracks the extent of digitization of payments across the country, reflects robust growth in digital transactions. The increase highlights the ongoing shift towards cashless transactions in India, driven by increased smartphone usage, government initiatives, and the expansion of digital infrastructure. The RBI introduced the DPI in January 2021 to measure the penetration and effectiveness of digital payments in India.
Increased digital literacy and financial inclusion are driving the growth of digital payments in India.
RBI's DPI reflects significant growth in both urban and rural digital payment adoption across the country.
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India's Rank Falls to 82nd in Henley Passport Index Singapore Ranked First"
In the latest Henley Passport Index for July 2024, India’s passport rank has fallen to 82nd position, reflecting a decline in global mobility. Singapore retains its top spot as the most powerful passport, granting its holders visa-free or visa-on-arrival access to the highest number of destinations. This shift in ranking highlights changing global travel dynamics and the varying strength of passports worldwide. The Henley Passport Index is a prominent ranking that evaluates passports based on the number of destinations their holders can access without a prior visa.
India's decline in rank signifies reduced international mobility compared to other nations.
Singapore maintains its top position with unparalleled global travel access for its passport holders.
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Uttarakhand Unveils World's First Gross Environmental Product Index.
Uttarakhand has introduced the world’s first Gross Environmental Product Index (GEPI), marking a significant milestone in environmental management. The GEPI aims to assess the environmental impact of economic activities within the state, focusing on sustainability and conservation efforts. This innovative index will track environmental quality and resource usage, providing a comprehensive view of how economic growth aligns with ecological health. The initiative is expected to serve as a model for other regions seeking to integrate environmental metrics into economic planning and policy-making.
GEPI will help in setting benchmarks for sustainable development and environmental responsibility across industriese.
The index aims to enhance transparency in environmental impact reporting and policy effectiveness.
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Kerala retains top spot in the latest SDG India Index rankings.
Kerala shares the top spot with Uttarakhand with a composite score of 79 points. It topped the list in ‘zero hunger,’ and quality education, stood second in climate action and third in both gender equality, and ‘industry, innovation, and infrastructureKerala has retained its top ranking in the Sustainable Development Goals (SDG) India Index brought out by the Niti Aayog, sharing the top spot in the 2023-24 edition with Uttarakhand with a composite score of 79 points.
Kerala excelled in clean water and sanitation, securing the top position, underscoring its commitment to sustainable development.
It also ranked high in affordable and clean energy, demonstrating comprehensive progress towards achieving sustainable development goals.
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IMF's new AI Preparedness Index tracks 174 economies, including India.
The IMF's new AI Preparedness Index monitors 174 economies, including India, categorizing each into Advanced Economy (AE), Emerging Market Economy (EM), and Low-Income Country (LIC). This index assesses countries' readiness for artificial intelligence (AI) adoption, highlighting disparities in AI development across different economic categories and providing insights into global AI preparedness trends.
IMF's AI Preparedness Index categorizes 174 economies, including India, into AE, EM, and LIC groups.
IMF's AI Index highlights India's position among 174 global economies
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