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CLAT 2021 21 Year Experienced Team

Pointers

f India’s richest man Mukesh Ambani, the chairman and Managing Director of Reliance Industries Limited
(RIL) dropped down to 12th spot in the Bloomberg Billionaires Index 2021 (as on 2nd January 2021). The
net worth of Ambani dropped from 90 billion USD (around Rs. 6.62 lakh crore) (in early 2020) to 76.7
billion USD (around Rs. 5.6 lakh crore). Zhong Shanshan, referred to as “Lone Wolf”, has replaced
Ambani as Asia's richest person, he is one of the fastest in the history to achieve the feat. Zhong
Shanshan is Chinese billionaire whose net worth is 78.2 billion USD, which is attributed to the listing of
Beijing Wantai Biological Pharmacy Enterprises Co and Nongu Spring Co, a bottled water firm.
f According to the Bloomberg Billionaires Index, Tesla CEO Elon Musk overtakes Amazon's Jeff Bezos to
become the world's richest person. Elon Musk had a net worth of more than $188.5 billion.
f Rapidly digitalising India was ranked 4th in “Break Out Economies” in the third edition of the Digital
Evolution Scorecard developed by Tufts University's Fletcher School in partnership with Mastercard.
China which leads the countries in the “Break Out Economies” group is more evolved digitally due mainly
to its combination of rapidly growing demand and innovation. Third rank Indonesia, and India, which
ranks number four in momentum, have displayed increasing digital momentum suggesting the potential
to rapidly digitalise for both post-COVID economic recovery and longer-term transformation.
f The World Economic Forum (WEF) has released the Global Risks Report 2021, 16th Edition. The findings
of the report are based on the Global Risks Perception Survey (GRPS) undertaken by over 650 members
of WEF's diverse leadership communities. The Report is prepared with Strategic Partners, Marsh
McLennan in Partnership with SK Group and Zurich Insurance Group. The report is being released before
WEF's upcoming virtual Davos Agenda scheduled to be held between January 25-29, 2021. The main
objective behind the publishing of the report is to enable better preparation by Government & other
International Communities during the times of crisis.
f China was the largest recipient of foreign direct investment (FDI) in 2020, according to a report released
by the United Nations Conference on Trade and Development (UNCTAD). China overtook the United
States to gain the top position in 2020. The country attracted $163 billion inflows in 2020, compared to
$134 billion attracted by the United States.
f Tata Consultancy Services (TCS) has been ranked third most-valued IT services brand globally, after
Accenture and IBM, according to a report by Brand Finance. Third-ranked TCS is rapidly closing the gap
with IBM following a healthy 11% brand value increase to USD 15 billion. Accenture retained the title of
world's most valuable and strongest IT services brand with record brand value of USD 26 billion, while
IBM continued at the second place with a brand value of USD 16.1 billion.
f India has been ranked 86th among 180 countries in the Corruption Perception Index (CPI) 2020,
released by Transparency International. This year, India's rank has slipped six places compared to 2019,
when it was ranked at 80th spot. Top Country: New Zealand and Denmark have jointly secured the first
position with scores of 88. Lowest Country: Somalia and South Sudan rank lowest at 179th position with
scores of 12.

f India has been ranked at 86th position among 98 countries in the new Coronavirus Performance Index
released by Australia-based Lowy Institute. Countries were ranked based on the publicly available and
comparable data on Covid-19 response. New Zealand, Vietnam and Taiwan are the top three countries
respectively in the index. Brazil was ranked at the bottom of the list for worst handling of the pandemic
than any other country. China was excluded from the list due to lack of publicly available data.

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