Excepting the high speed trains involving the so famous La Meca-Medina contract in Arabia Saudi, and despite authorities and the industry itself have been trying for decades, Spain has been unable to sign even a single high-speed sales operation. This is not, however, the official discourse of any of them.
Initial figures relating to India’s demonetization indicate that some $80 billion of old bills have been handed into the banks to be exchanged for new ones. The objective of this exchange is to reduce money laundering and the black economy, which will increase the amount of tax raised and favour the banking sector’s penetration in the economy in the medium-term.
Caixin | As two of the most significant economies driving global growth today, commentators often compare the emerging market behemoths, China and India. In recent times, the two countries have eclipsed Brazil, Russia and South Africa, their BRICS counterparts, in terms of economic growth. However, there are significant differences between the two Asian economies.
LONDON | May 1, 2015 | By Asoka Wöhrmann, Chief Investment Officer at Deutsche AWM | The stock markets in India and China both still have potential. But arguments for investing in India are currently more convincing.
BANGALORE | By Srikanth Vasuraj | Coming from a non-believer this is a big change when I say that I am actually glad that Mr. Narendra Modi has taken over the helm in India. He comes across like a breath of fresh air, speaking the language that people of India have been dying to hear for a long time. This is probably one of the reasons why he won with such a huge mandate. But now that the dust of elections has settled and having been in the hot seat for around six months, the honeymoon period is over and people are eagerly looking forward to delivery on all those promises. The people of India have delivered. Now its his turn.
MADRID | By Francisco López | Ben Bernanke’s warning about a posible withdrawal of Fed monetary stimulus a year ago prompted a notable rise of premium risks and general drops in global stock markets, but deeper in emerging economies. And it indeed hit the so-called BIITS (Brazil, Indonesia, India, Turkey and South Africa). Today, stocks have recovered and stand at levels prior to the taper shock, although some collateral damages are there.
MADRID | By Julia Pastor | What can small countries’ firms do in the world biggest democracy, built on 28 nations more than regions? Some Spanish companies in India have been able to manage big four toll roads (Isolux), control 80% of its airspace safety (Indra), excel in the olive oil market (Borges), or even list in the Bombay’s stock exchange (CIE Automotive). After the historical victory of Narendra Modi their prospects are even better, considering that India’s middle-upper class ranges between 50 and 300 million people.
In poor and unequal India, the level, type, quality and sustainability of spending are vital issues to debate. But the obsession with spending has crowded out discussions on spending’s Siamese twin: revenues and, more specifically, taxation.
BANGALORE | By Srikanth Vasuraj | 2013 saw the Indian currency hit an all time low. The Current Account Deficit (CAD) and the Fiscal Deficit touched new highs. Inflation crossed 8% and the common man was left reeling under huge price rise in essential commodities, making the monthly budget unmanageable. However, next year could be the beginning of a new era thanks to the emergence of the AAP, the “Common Man’s Party”.