Why foreign aid is good

BEIJING, Jan. 28 (Xinhua) -- China had maintained its position as the world's largest trading nation in goods during the past five years, with its imports and exports taking up a record-high share in the global market, the country's customs regulator said Thursday. … [Read more...] about China remains world’s largest trading nation in goods: customs

Next year, India is expected to grow 8-9-10% from the low base of this year. The challenge will be to ensure that growth at the same pace continues in the following year and the year after. Hopefully the Budget will address this, says Sanjiv Bajaj, CMD, Bajaj Finserv.Going into Budget 2021, there has been a lot of headlines around the financial services sector. Let’s focus on two policy moves that could be seeing light of the day -- a bad bank and reducing the arbitrage between NBFCs and banks. Given the low base of growth this year -- negative growth in fact -- the worry is not about next year. The worry is what happens thereafter and this is the time for the Budget and for the rest of us to prepare ourselves for the future to get consistent growth back over the next three years, More importantly, we have to become atmanirbhar (self-reliant) and go forth with Make in India to become the manufacturing gateway to the world after China. In order to do all this, a robust financial … [Read more...] about Worry is not about next year’s growth, but what happens thereafter: Sanjiv Bajaj

There is little evidence these changes are unpopular with Republican voters. Trump won more electoral votes while losing the presidential race than GOP nominee Mitt RomneyWillard (Mitt) Mitt RomneyTrump censure faces tough odds in Senate Bringing America back from the brink Former Sanders press secretary: Further means-testing of COVID-19 aid 'unconscionable' MORE in 2012, and his loss was not the blowout the late Sen. John McCainJohn Sidney McCainOn The Money: GOP digs in on defending Trump tax cuts | Democrats bullish on raising minimum wage | Financial sector braces for Biden's consumer bureau pick No. 2 Senate Democrat says minimum wage can be increased with simple majority vote State-level Republicans wracked by division after Trump's loss MORE (R-Ariz.) suffered to President Obama in 2008. … [Read more...] about The Memo: GOP mulls its future after Trump

The value of overseas shipments rose 2 percent in December from a year earlier to 6.71 trillion yen ($64.8 billion), Japan's Ministry of Finance reported on Thursday, slightly below a 2.4 percent increase expected by economists but up from a 4.2 percent decline in the previous month. … [Read more...] about China buoys outlook for Japan exports

Not too encouraging, I would say but we keep pushing for better understanding because we have seen that the FG is interested in diversifying our hitherto monolithic economy but the process is slow. For instance, Liquified Resources Ltd. entered into Memorandum of Understanding (MOU) in 2015 with Ondo State government to be the operator of their blocks. In April 2016, the MOU metamorphosed into a Joint Operating Agreement (JOA). In 2017 however, due to global fall in oil prices and attendant global economic recession, a review of the JOA was sought by Liquefied Resources from the State government and this didn’t go down well with the then new government and consequently the earlier agreement was revoked. After this unsavoury development, I decided to go solo in the business of bitumen resources which resulted to the creation of Liquefied Resources Production & Enginering Limited, a subsidiary of Liquefied Resources Limited, USA for the purpose of pursuing exploration license … [Read more...] about BITUMEN: Bureaucracy hindering country-wide production — Amechi