Current affairs 07 July 2023

Global e-commerce transactions expected to hit $8.5 trillion by 2026.

As per the Global Payments Report 2023, by FIS, the global e-commerce market is expected to grow at a compound annual growth rate of 9% during 2022-26 with transaction value rising to over $8.5 trillion in 2026.
During 2021-22, all regions except Europe saw double-digit growth with the highest growth of 21% in the Middle East and Africa Of the 40 markets, 37 saw double-digit YoY growth from 2021 to 2022.
The report predicts a mid-teens CAGR in the regions through 2026.

According to the 2023 Global Peace Index (GPI), released by the Institute for Economics and Peace, India has ranked 126 out of 163 countries.
With an overall score of 2.31, India falls below the global average of 2.314.
Iceland has remained the most peaceful country in the world since the study was first released in 2008.
It measures the state of peace across three domains: Societal safety and security, Ongoing domestic and international conflict, and Militarisation.

The Ministry of Home Affairs has launched a Scheme for the Expansion and Modernization of Fire Services in the States with a total outlay of Rs.5,000 Crore.
Objective: To expand and modernize Fire Services within National Disaster Response Fund (NDRF).
Out of the total outlay, Rs. 500 crore has been kept for incentivizing the States on the basis of their legal and infrastructure-based reforms.
This scheme was announced by the Union Home Minister, Amit Shah.

As part of India's G20 Presidency, the 4th edition of the Space Economy Leaders Meeting has started in Bengaluru on July 6.
It dwell upon the sharing of the space mission economy, the responsibilities of space agencies, and alliances in space missions.
The goal will be to improve the space economy share in the global economy in a responsible and sustainable manner.
Cultural Programmes representing India’s culture and tradition are also organized for foreign dignitaries.

According to UNCTAD’s World Investment Report 2023, FDI in developing countries in Asia remained flat at $662 billion during 2022, as compared to the previous year.
During 2022, FDI inflows to India rose by 10% on an annual basis to $49 billion, while China registered a 5% yearly growth to $189 billion.
Overall global FDI declined by 12% to $1.3 trillion in 2022 after a strong rebound in 2021 following the steep drop induced by the coronavirus pandemic in 2020.
AIFF President: Kalyan Chaubey