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BUSINESS AND ECONOMY - July 2024

Jul 2024

Jul 01, 2024

Global Liveability Index 2024

  • The Economist Intelligence Unit (EIU) just released its most recent Global Liveability Index, which once again names Vienna, Austria, as the best place to live in the world. The 2024 index, which came out today, rates towns around the world based on things like education, healthcare, culture the environment, stability, and infrastructure.
  • After Vienna, Copenhagen, Denmark, stays in second place, and Zurich, Switzerland, moves up to third. Melbourne, Australia, fell from third to fourth place, which is an important change. Calgary, Canada tied with Geneva, Switzerland for fifth place. Cities like Osaka, Japan, and Auckland, New Zealand, are also praised on the list, which puts them in the top ten.

Japan to Launch New Banknotes

  • Japan will start issuing new banknotes on the 3rd of July next month. Local media reported that it is the world's first use of cutting-edge holography that makes the portraits of historic figures appear to rotate in 3D. This new technology will allow visually impaired people to feel and discern which banknote they are holding. 
  • Tactile marks for the visually impaired will also make them recognisable to touch. By the end of March next year, nearly 7.5 billion new banknotes will have been printed. Existing banknotes will remain valid after the introduction of the new banknotes.

FSIB appoints Challa Sreenivasalu Setty as SBI's 27th Chairman, Replaces Dinesh Khara

  • Financial Services Institution Bureau (FSIB) has selected Challa Sreenivasulu Setty as the next chairman of State Bank of India (SBI). Ashwini Tiwari and Vinay Tonse were two other contenders to the post.
  • Setty will succeed the current chairman, Dinesh Khara, when he turns 63, the upper age limit for the position of SBI Chairman. His term is scheduled to end in August 2024.
  • FSIB's decision came in consideration of the overall experience of the contenders. "Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Challa Sreenivasulu Setty for the position of Chairman in SBI," said the financial body.

Bangladesh Navy Signs Contract for 'Made in India' 800 Tons Ocean Going Tug with India's GRSE

  • Bangladesh Navy signed a contract for 'Made in India' 800 tons Ocean Going Tug with India's Garden Reach Shipbuilding and Engineers on Sunday. The signing coincides with the visit of India's Chief of Naval Staff Admiral Dinesh K Tripathi to Bangladesh.
  • Bangladesh Navy has signed a contract for a 'Made in India' 800-ton-Ocean Going Tug with India's Garden Reach Shipbuilding and Engineers.
  • The signing, held on Sunday, coincides with the visit of India's Chief of Naval Staff Admiral Dinesh K Tripathi to Bangladesh, as per UNB reports.
  • A new milestone in India's defence Line of Credit to Bangladesh said the Indian High Commission in Dhaka in a message through its verified social media handle.
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