ECONOMICS

Reports and Indices
Fossil Fuel Finance Report 2025
 The Fossil Fuel Finance Report 2025 report marks that achieving net zero emissions by 2050 requires reduction in investment in fossil fuels.
 The International Energy Agency (IEA) states that annual investments must decline by over half by 2030.
 In 2024, the world’s largest 65 banks committed $869 billion to fossil fuel companies.
 Notably, the State Bank of India (SBI) was among nearly 50 banks that increased their fossil fuel financing.
 This positioned SBI as the 47th largest lender in fossil fuel financing, up from 49th in 2023.
 Despite this, SBI aims to achieve net zero emissions by 2055.
 The bank plans for at least 7.5% of its domestic gross advances to be green by 2030.
QS World University Rankings 2026
 The QS World University Rankings is an annual global ranking of universities published by
Quacquarelli Symonds (QS), a leading higher education analytics organization.
 The aim of these rankings is to help students, academics, and employers compare the
performance of universities worldwide.
 India has 54 universities in the QS World University Rankings 2026, making it the fourth most represented country.
 The number of Indian universities in the rankings has grown from 11 in 2015 to 54 in 2026.
 IIT Delhi leads the Indian contingent. It is ranked 123rd globally, rising from 150th in 2025.
 IIT Madras recorded one of the biggest jumps, rising 47 places from 227 in 2025 to 180 in
2026.

Next Current Affairs Economics >