Current Affairs February 2017 - Reports


News 1 - IATA Survey says India has the highest Domestic Air Passenger Growth


As per the Global Airlines' Grouping International Air Transport Association, India's domestic passenger traffic grew by 23.3% in 2016 to 998.88 lakh beating China’s 16.7% Russia at 13.4%, Japan at 4.7% and USA at 3.4%. Demand for air travel is still expanding in India, which should be supported by the government planning and infrastructure to earn growth.

As per the statistics, India's domestic revenue passenger kilometres and available seat kilometres were the highest beating the major aviation markets such as Australia, Brazil, Russia etc.

News 2 - India Ranked 143rd in the 2017 Economic Freedom Index

Economic Freedom Index

India ranked 143rd in an annual index of economic freedom as progress on market-oriented reforms has been “uneven”. The report was published by a top American think-tank, the Heritage Foundation.

India ranked below Pakistan and Bhutan. India’s overall score of 52.6 points is 3.6 points less than that of last year, when India was ranked 123rd. Hong Kong, Singapore and New Zealand topped the index. China with a score of 57.4 points was placed at 111th position. The United States of America was ranked 17.

News 3 - JLL Named in FORTUNE’s 2017 World’s Most Admired Companies List


Jones Lang LaSalle (JLL) has again been named to FORTUNE magazine’s World’s Most Admired Companies list. The list is a major authority on corporate reputations compiled each year by FORTUNE and Korn Ferry Hay Group through a survey of top executives, directors and financial analysts.

JLL is a leading professional services firm that specializes in real estate and investment management. JLL helps real estate owners, occupiers and investors achieve their business ambitions. It has over 230 offices worldwide in 80 countries.

News 4 - India as the World’s Largest Arms Importer in the Last Five Years

World’s Largest Arms Importer

As per the latest report of the Stockholm International Peace Research Institute (SIPRI), India was the world's largest importer of major arms in the last five years and its overseas procurement was far greater than that of China and Pakistan.

India accounted for 13 percent of the total global arms import between 2012-16. Saudi Arabia was the second largest arms importer in 2012-16. Russia accounted for a 23 percent share of global exports during the period. The US accounted for 1/3rd share of global arms exports.

News 5 - Survey revealed 3.16% substandard drugs

Substandard Drugs

A survey conducted by the Health Ministry has revealed that 3.16% of the drugs have been found to be substandard and 0.025% of the drugs as spurious. The Ministry had entrusted the work to the National Institute of Biologicals, Noida.

As part of the survey, around 48 thousand drug samples relating to 23 dosage were drawn from 654 districts of 36 States from the supply chains including retail outlets and government hospitals.

News 6 - Mumbai wealthiest Indian city with a total wealth of $820 billion

Wealthiest Indian City

As per a report published by New World Wealth, Mumbai is the wealthiest city in India with total wealth of USD 820 billion followed by Delhi and Bengaluru at the second and third place respectively.

Mumbai is home to 45,000 millionaires and 28 billionaires. Delhi has a total wealth of USD 450 billion and Bengaluru has USD 320 billion. As per the report, the total wealth held in India amounts to USD 5.6 trillion (as of June 2016). The report defines 'wealth' as the net assets of a person.

News 7 - Brand Finance ranks TCS as one of the Top 3 global brands in IT Services


Tata Consultancy Services (TCS) has broken into the list of the Top 3 most valuable brands in the IT Services industry, in an assessment done by Brand Finance, the world’s leading brand valuation firm.

IBM and Accenture ranked in the top two respectively. Cognizant was the fourth-most valued brand among IT services players. TCS has also been recognized for running one of the most innovative marketing programs in Europe and featured as a top 100 brand in the United States.