CURRENT AFFAIRS

Detailed explanation-1: -The UK India Business Council is pleased to announce that Richard McCallum is to become its new Group Chief Executive Officer. 22 September 2022: The UK India Business Council (“UKIBC”) is pleased to announce that Richard McCallum is to become its new Group Chief Executive Officer as from 1st October 2022.

Detailed explanation-2: -The UK is the 6th largest investor in India and has invested $32.82 bn in FDI inflows between April 2000- September 2022. There are currently  572 UK companies in India with a combined turnover of $ 48 Bn and directly employing 416,121 people directly as of FY20.

Detailed explanation-3: -The Access India Programme aims to strengthen the Ease of Doing Business (EoDB) in India and focuses on making the smooth market entry for small and medium companies. It is geared to address the various requirements of manufacturing, technology and service sector companies.