Business & Economy

India turning into open economy fast, GST biggest reform: PM Modi at BRICS Business Council

By: PTI | Xiamen | Published:September 4, 2017 7:43 pm Prime Minister, Narendra Modi delivering his statement, at the Plenary Session of the 9th BRICS Summit, in Xiamen, China on Monday. PTI Photo/ PIB (PTI9_4_2017_000056B) India is fast changing into one of the most open economies in the world, with improvements on global indices and the biggest ever reform GST ...

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Xi calls for Brics to play a bigger role in world governance

The leaders are holding their annual summit in the southeastern Chinese city of Xiamen through Tuesday Chinese President Xi Jinping speaks at the plenary session of the BRICS Summit in Xiamen, Fujian province, China. XIAMEN, China: Five major emerging economies opened a summit Monday to map out their future course, with host Chinese President Xi Jinping calling on them to ...

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Environment Ministry to strengthen forest management unit

Palu, C Sulawesi (ANTARA News) – The Environment Ministry will strengthen the development of forest management unit (KPH) in all regions across the country, the Forestry Resources Director Rufiie said here on Monday. “One unit now has been established in Central Sulawesi province,” he remarked during the Community-Based Business Economy Development Forum held in the provinces capital city Palu. The ...

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Al Sisi attends Brics with eye on building relationship with China

Egyptian president is expected to showcase Egypt’s political and economic prowess at the Brics summit Cairo: Egypt is looking forward to joining a China-led robust bloc amid growing links between the two countries. Egyptian President Abdul Fattah Al Sisi is currently in China after receiving an invition to attend an annual summit of the Brics, a bloc comprising Brazil, Russia, ...

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China announces USD 76 million for BRICS economic cooperation

Xiamen: China will provide $76 million for a BRICS economic and technology cooperation plan and another $4 million to support the projects of the bloc’s New Development Bank, President Xi Jinping announced on Tuesday. Calling on the five-nation grouping to forge unity to jointly advance solutions for international peace and development, Xi said the BRICS countries should make economic globalisation open and inclusive, and beneficial to ...

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South Korea raises alert over economic impact after nuclear test, Economy News & Top Stories

SEOUL (BLOOMBERG) – South Korea’s government on Monday (Sept 4) said the impact of North Korea’s sixth nuclear test could spread from financial markets to the real economy. Existing uncertainty over trade policy and normalization of monetary policy in major economies could worsen the impact of North Korea’s actions, Finance Minister Kim Dong-yeon said in a meeting with officials from ...

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Trump Shifts Labor Policy Focus From Worker to Entrepreneur

Championing the American worker was a central theme of Mr. Trump’s election campaign. He made inroads into the traditionally Democratic union vote, and echoed the words of labor leaders on themes like trade, infrastructure and offshoring jobs. That a Republican administration would nonetheless pursue a business-friendly labor policy is not unexpected. But beyond partisan politics, its record on worker issues ...

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