1. Petro Poroshenko to be the next President of Ukraine.
- He has taken an unassailable lead over his closest rival, Yulia Tymoshenko, a former Ukrainian Prime Minister in the vote-count.
2. Singapore replaces Mauritius as the largest source of foreign direct investment (FDI) into India as per the latest data published by the Department of Industrial Policy and Promotion (DIPP).
- India attracted USD 5.98 billion FDI from Singapore in financial year 2013-14 compared to USD 4.85 billion invested from Mauritius.
- Singapore contributed to about 25 per cent of the total FDI inflows in the country for 2013-14 period.
- Mauritius has been the top source of FDI in India for a very long time, but FDI dried up recently on fears of the impact of General Anti Avoidance Rules (GAAR) and possible re-negotiation of the tax avoidance treaty.
3. Narendra Modi becomes the 15th Prime Minister of India. http://goo.gl/X3ptZR
4. Indian management scholar Jitendra Vir Singh has been appointed as the Dean of the School of Business and Management at the Hong Kong University of Science and Technology (HKUST).
0 Comments