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Thursday, December 3, 2015

International Day for the Abolition of Slavery

The International Day for the Abolition of Slavery was observed on December 2, 2015. As per the International Labour Organisation (ILO), there are an estimated 21 million forced labour victims worldwide, annually creating $150 billion in illegal profits in the private economy.ILO has adopted a new legally-binding protocol to eliminate forced labour, which will be implemented in November 2016. The '50 for Freedom' campaign has been initiated to persuade at least 50 countries to ratify the Forced Labour Protocol by 2018.

Lifetime Achievement award at the 6th Asian Business Leadership Forum

The Hinduja Brothers have been honoured with the prestigious Lifetime Achievement Award for their influential leadership in business sector.It was awarded to G P Hinduja, co-chairman of the Hinduja Group of Companies.

1st BRICS media summit

China has taken the initiative for creating an alternative media platform for the emerging economies by hosting the first media summit of countries belonging to the Brazil-Russia-India-China-South Africa (BRICS) grouping.25 media organisations participated in the 2 day summit which aimed to create a new institutional framework to benefit the media of five emerging economies of BRICS grouping.In the first summit, leaders of 25 Media organisations from the 5 BRICS countries pitched for building consensus to deal with climate change, terrorism,and other key global issues.

Biggest state economy

Maharashtra is the biggest economy among the states in India as latest report published by credit rating agency Brickwork Ratings.

Fastest-growing states: Bihar (17.06%), Madhya Pradesh (16.86%) and Goa (16.43%).

Slowest-growing states: Telangana (5.3%), Punjab (10.16%), Rajasthan (11%).

Brickwork Ratings report is based on multi-state research analysis of finances of all the states. It looks into state government’s willingness and ability to honour debt obligations along with analysis of political, economic, financial, budgetary and institutional parameters.