The concept of gold as an asset capable of getting anytime money is evaporating.Gold has traditionally been considered this country’s most liquid asset -- at any time, people were prepared to give cash against it. After the demonetisation, that has changed. Scrap gold dealers appear to be gradually shifting to cheque payment or net banking fund transfer. And, customers are not ready for this -- selling against cheque means it shows in the account book and long-term capital gains tax is applicable. The concept of gold as an asset capable of getting anytime money is evaporating. This payments revolution was taking place already but very gradually -- even farmers had started moving towards the banking mechanism for sale of produce. Suddenly, however, there is no cash in the system. Scrap gold is usually defined as gold sold and money received. That market in India is 90-100 tonnes a year, according to World Gold Council (WGC) data. When gold prices are higher, the scrap supply … [Read more...] about Gold loses shine as most liquid asset status goes
State capital management committee
British Prime Minister Theresa May spent Monday touring Europe in an effort to save her Brexit deal. She returned on Tuesday to find lawmakers from her own party had triggered a leadership challenge. This week, May had canceled a planned vote on her divorce agreement with the EU, fearing a heavy defeat. The deal she had reached with Brussels had previously prompted several high-profile resignations from her Cabinet. Watch video 02:18 Share May attempts to save Brexit deal Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine Permalink https://p.dw.com/p/39ur4 May tours Europe in bid to save Brexit deal How this happened A challenge can be triggered if 15 percent of the Conservative MPs write a letter to the chairman of the influential "1922 Committee" [the parliamentary group of all backbench Conservative lawmakers] demanding a vote of confidence in the leader. The party currently has 315 MPs, meaning … [Read more...] about UK leadership challenge: How does it work?
SOE equitization and divestment needs greater efforts from all concerned as yet another deadline seems likely to be missed. The CEO of Japan Tobacco (JT), the world’s third-largest tobacco company, recently met with the Chairman of Vietnam’s Committee for the Management of State Capital (CMSC) Mr. Nguyen Hoang Anh in Hanoi and offered to participate in the equitization process of the Vietnam Tobacco Corporation (Vinataba). The Japanese firm has experience in transforming into a private company, as it was once a State-owned enterprise (SOE), and offered to share lessons learned so that Vinataba can improve its corporate governance and performance. This is fully in line with the government’s ongoing efforts and strategy in recent years to speed up the equitization and divestment process at SOEs, though the country seems almost certain to miss its five-year plan for cutting State ownership in the economy by 2020. Slow progress Prime Minister Nguyen Xuan … [Read more...] about Some way to go in SOE equitization
Hanoi (VNA) – The Vietnam News Agency (VNA) looks back at the ten most prominent events of Vietnam in 2018. 1. Party General Secretary Nguyen Phu Trong elected State President Party General Secretary and President Nguyen Phu Trong takes an oath at the swearing-in ceremony on October 23 (Photo: VNA) On October 23, at the sixth session of the 14th National Assembly, General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong was elected President of the Socialist Republic of Vietnam for the 2016-2021 tenure with the support of 476 out of 477 legislators. Earlier, the eighth plenum of the 12th Party Central Committee had agreed to nominate the Party leader for the National Assembly to vote as the President. 2. All 12 socio-economic targets fulfilled The Ford car assembly factory in Hai Duong province (Photo: VNA) Vietnam accomplished or surpassed all 12 socio-economic targets set by the National Assembly. The gross domestic product (GDP) growth … [Read more...] about Top ten events of Vietnam in 2018 selected by VNA
Theresa May's desperate plea for EU leaders to show 'courage' to break the deadlock in Brexit talks fell flat tonight - amid claims she could keep Britain lashed to the bloc for another year to ease the Irish border standoff. The PM was accused of having 'nothing new' to say after she urged counterparts to be 'creative' as negotiations threaten to collapse into disarray. A summit pencilled in for next month to seal a divorce package has now been shelved, effectively ruling out any kind of resolution before December. And to make matters worse Mrs May is facing a furious backlash from Brexiteers and the DUP after EU sources claimed the premier had said she was considering extending the mooted transition period for another year beyond the end of 2020. The PM earlier dodged questions from journalists about the suggestion from Brussels that the timeline could be pushed back to smooth the Irish border issue, although aides insisted it was not something the UK side was actively … [Read more...] about Another YEAR of Brexit? Fury over claims May ‘will keep UK tied to the EU for 12 MORE months’ – after bloc’s leaders dismiss her compromise plea and DITCH crunch summit