1 . DALVEER BHANDARI RE-ELECTED TO ICJ – INDIA THANKS THE WORLD
SOURCE – HINDU
- India has thanked UN members for supporting the re-election of its judge to the International Court of Justice (ICJ), and has said the process reflected respect for its constitutional integrity and independent judiciary.
- In the official press statement following Judge Dalveer Bhandari’s return to the ICJ at The Hague, the Government of India expressed appreciation for the U.K.
- The UN Security Council and the General Assembly voted overwhelmingly in support of India.
- Judge Dalveer Bhandari received all 15 votes in the UN Security Council and 183 out of the 193 votes in the UN General Assembly.
- The extraordinary support from the UN membership is reflective of the respect for strong constitutional integrity of the Indian polity and independence of the judiciary in India.
- The Indian National Group to the Permanent Court of Arbitration had re-nominated Judge Bhandari as India’s candidate in June 2017.
- To be appointed at the ICJ, the candidate would have required a majority in both the General Assembly and the Security Council of the UN.
- The re-election is also crucial as it ensures India’s continued influence at the ICJ where the Kulbhushan Jadhav case against Pakistan will come up next month.
2 . INDIA STRESSES NEED FOR STRENGTHENING GLOBAL TREATIES TO PROTECT SPACE BASED ASSETS
SOURCE – HINDU
- Stressing international cooperation in space as in all domains of global commons India on Tuesday called for strengthening global treaties to protect space-based assets and prevent militarisation of outer space.
- International cooperation is critical in the space domain as in other global commons.
- In line with this, India had more than 200 international cooperation agreements with more than 40 countries and international organisations.
- The South Asia satellite is a matter of particular pride as it literally raises the heights to which we had taken our ‘neighbourhood first’ policy.
- In May, ISRO launched the communications satellite GSAT-9, also called SAARC satellite, meant to provide connectivity and disaster support to countries in South Asia.
- India is party to all the legally binding instruments on outer space.
3 . CREDIT SUISEE REPORT
SOURCE – INDIAN EXPRESS
- There’s a considerable wealth poverty in India with as many as 92 per cent of the adult population having a networth below $10,000 (around Rs 6.5 lakh), Swiss brokerage Credit Suisse said in a report.
- In China, only 63 per cent of population have a networth below $10,000.
- The report said just 0.5 per cent of Indians have a networth over $1,00,000 (Rs 65 lakh). However, due to India’s large population, this translates into 4.2 million people.
- The share of wealth fails to match the population share as the population share exceeds the wealth share by a factor of almost 10 in the country. The average wealth per adult here is estimated at $ 5,980 (Rs 3,88,700) in mid-2017, it said.
- Total wealth here has risen fourfold between 2000 and 2017, reaching $5 trillion in mid-2017. Despite this and having four times the population of the US, India’s total wealth is comparable to the level for the US 90 years ago.
- The report further said the country would have 370,000 millionaires in 2022, up from 245,000 now, an increase of over 50 per cent.
- India saw a 9.9 per cent increase in household wealth to $4.987 trillion, although its addition to total global wealth was just $451 billion in mid-2017.
- The aggregate global wealth rose by $ 16.7 trillion to $ 280 trillion, up 6.4 per cent.
- The report noted that the country has 340,000 adults in the top 1 per cent of global wealth holders, which is a 0.7 per cent share. Of them 1,820 have a networth of over $ 50 million, and 760 have over $ 100 million.
- Globally, Switzerland ($5,37,600), Australia ($4,02,600) and the US ($3,88,600) continue to occupy the first three positions.
4 . QS RANKINGS
SOURCE – ECONOMIC TIMES
- Two Indian institutions have made it to the top 10 of a ranking of universities in the BRICS bloc of nations, compared with just one last year.
- IIT-Bombay has moved up to the 9th spot in QS World University Rankings: BRICS 2018, from 13th last time, making its debut in the top 10.
- IISc-Bangalore has slipped four positions to no. 10 from 6.
- Two more Indian institutions feature among the top 20 — IITDelhi, which has fallen to 17th place from 15th, and IIT Madras that climbed a spot to 18th. As many as 14 institutions from India have made it to the top 100.
- As many as 65 Indian universities have been ranked this timemore than Brazil (61) and South Africa (12), but fewer than Russia (68) and China (94).
- Top four universities in the BRICS ranking are from China.