Current Affairs - Business

According to the "Business-to-Consumer (B2C) E-commerce Index 2019" released by UNCTAD's (United Nations Conference on Trade and Development), India has moved seven places up and ranked 73rd out of 152 countries index that measures an economy's preparedness to support online shopping with the Index score of 57.0. For the 2nd consecutive year in a row, the Netherlands leads the Index with the score of 96.4, followed by Switzerland (2nd with 95.5) and Singapore(3rd with 95.1).

Bharat Sanchar Nigam Limited (BSNL) partnered with Paytm to offer a Smart Wi-Fi onboarding feature across India. The partnership aims to bring a revolution in the adoption of public Wi-Fi. BSNL and Paytm are working together to enable more hotspot locations to increase the digital footprint. This move will boost the mission of a Digital and Connected India.

In the latest dimension of global central bank's interest in environmental sustainability, the Bank for International Settlements (BIS) has launched a dollar green bond fund enabling central banks around the world to invest in "green bonds". It is an open ended bond & drawn the pool of assets from a global group of central banks to develop green finance through sizeable climate-friendly investments. It is structured under the swiss law & will be managed in-house by Asset Management handout of BIS, which is owned by 60 central banks.

The National Film Archive of India (NFAI) has recently discovered 30 reels of unedited footage on Mahatma Gandhi that amounts to almost 6 hours of duration. These 35mm celluloid footages, unedited and stock shots with title cards in between, belonged to several prominent film studios of the time like Paramount, Pathe, Warner, Universal, British Movietone and Wadia Movietone. The major highlight of the discovery is a rare half-an-hour footage that has visuals of a special train carrying Mahatma Gandhi's ashes, after his assasination on 30th January 1948, from Madras to Rameshwaram. In 1964, the NFAI was established as a media unit of the Ministry of Information and Broadcasting (I&B) with headquarters at Pune, Maharashtra.

Hyundai Motor India Ltd (HMIL) has signed an agreement with Bank of Baroda to be the preferred financier for its dealers and consumers. Under the agreement, the bank will provide detailed financing structure for both dealers and consumers. Dealer financing will be done as per the bank's existing product program of supply chain finance.