Japan overtakes China to become world’s second-largest stock market: Bloomberg
On August 5, 2018, according to Bloomberg’s data Japan is now the world’s second-largest stock market.
i. It has overthrown China as its total equity is $6.17 trillion and that of China’s is $6.09 trillion.
ii. The United States is the world’s biggest market for stocks, with total worth just over $31 trillion.
iii. Earlier, China overtook Japan in 2014.
India-Israel collaborate to strengthen sectors of agriculture, health & environment
Six Israeli startups working on healthcare, agriculture and water management sectors have been selected under the “Israel-India Bridge to Innovation” program to interact with various Indian businesses.
Six Israeli startups selected to interact with Indian businesses:
i. The 6 startups that have been selected include: Amaizz, Biofeed, Zebra Medical, MobileODT, etc.
ii. The 6 selected startups possess innovative technologies in healthcare, agriculture and water management sectors.
iii. These startups had participated in the innovation week from 23-27 July 2018.
iv. The innovation week was started by Indian Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu along with Israel Innovation Authority (IIA) and Invest India in 2017.
v. India-Israel Innovation Bridge was developed to help Israeli companies use their technologies, develop, adapt and commercialize their innovation in India.
vi. India-Israel Innovation Bridge is managed by the Israel Innovation Authority, the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry of India and Invest India. Chairperson of the Israel-India Chamber of Commerce is Anat Bernstein-Reich.
v. An agreement had been signed earlier to start an innovation fund under which India and Israel will contribute USD 4 million each on an annual basis for 5 years.
About Ministry of Commerce & Industry:
♦ Minister of Commerce and Industry – Suresh Prabhu
♦ Minister of State for Commerce and Industry – C R Chaudhary