- Government announced relaxation in foreign direct investment (FDI) rules in the construction sector to reduce the minimum built-up area from 50,000 sq. metres to 20,000 sq. metres. The minimum capital requirement for such projects has also been brought down to $5 million from $10 million. The relaxations are expected to facilitate the infusion of funds into the debt-burdened sector, thereby, ensuring faster completion of projects.
- India ranked 142 among the 189 countries surveyed for the latest World Bank’s “Ease of Doing Business” report, a drop by two places from the last year’s ranking, as Singapore topped the list. The fall in ranking from last year’s 140 is mainly because other nations performed much better. India’s ranking originally stood at 134 last year, but was adjusted to 140 to account for fresh data.
- Malala Yousafzai, the youngest Nobel Peace Prize laureate in history, won the World’s Children’s Prize on , after a global vote involving millions of children. Nobody has ever received the Nobel Peace Prize and the World’s Children’s Prize, often dubbed the ‘Children’s Nobel Prize’. The award was created in 2000 and is part a worldwide educational programme in which children learn about global issues, democracy and their own rights.
- A Bangladesh war crimes tribunal handed death penalty to Jamaat-e-Islami chief Motiur Rahman Nizami for crimes, which include the killings of nation’s leading intellectuals during the country’s War of Liberation in 1971.
- Zambia's President Michael Sata — nicknamed "King Cobra" for his sharp tongue and manner — has died.
- India is the fastest growing and third largest start-up ecosystem in the world after the U.S. and the U.K., according to a Nasscom (National Association of Software and Services Companies) a study.
Credits: The Hindu, Google.
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