India jumps to 7th spot in Brand Finance Nation Ranking:
India jumped two levels to 7th position in the Brand Finance Nation ranking of 2019 The overall economic growth due to slowdown in the manufacturing and construction sectors.
The latest report by independent brand valuation consultancy Brand Finance, India has jumped to the seventh position from 9th last year, after recording a solid 19 percent growth in brand value to USD 2.6 trillion.
The Indian economy to recover after the global financial crisis with growth now reduced by a recent slowdown in both the manufacturing and construction sectors.
Canada secured 7th position dropped to 8th position. South Korea was at the 10th position last year managed to jump a level up to reach the 9th position.
Italy which was at 8th position last year, slipped to the 10th.US, China and Germany continued to be the top three nations, respectively even in 2019.
Brand Finance Nation Ranking
Brand Finance is an independent branded business valuation consultancy. It advises branded organizations or those with intangible assets, on how to maximize their value through effective management, of their brand and other intangible assets.
Founded: 1996
Headquarters: London, United Kingdom
CEO: David Haigh
Union Govt may restrict palm oil import from Malaysia over Kashmir stand:
India is restricting imports of some products from Malaysia including palm oil in reaction to the Southeast Asian country`s leader criticizing New Delhi for its actions in Kashmir.
India is looking for ways to limit palm oil imports and may place restrictions on other goods from the country, said a government source and an industry source who participated in discussions led by the Ministry of Commerce and Industry on the planned restrictions.
India`s government was angered after Malaysian Prime Minister Mahathir Mohamad said last month at the United Nations that India had "invaded and occupied" Jammu and Kashmir and asked New Delhi to work with Pakistan to resolve the issue.
Muslim-majority Kashmir is divided between India and Pakistan, which both claim it in full and have twice gone to war over the territory. India revoked the special constitutional status of its portion of Kashmir in August, angering Pakistan. The government wants to send a strong signal of its displeasure to Malaysian authorities.
India, the world`s biggest importer of edible oils, is planning to substitute Malaysian palm oil with supplies of edible oils from countries such as Indonesia, Argentina, and Ukraine. The Palm oil accounts for nearly two-thirds of India`s total edible oil imports. India buys more than 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia.
In the first nine months of 2019, India was the biggest buyer of Malaysian palm oil, taking 3.9 million tonnes, according to data compiled by the Malaysian Palm Oil Board.A spokeswoman for India`s commerce ministry said the ministry could not comment on things that were under consideration.
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