Search Result for : Davos

PTI As the five-day talkathon of global elite wrapped up in freezing cold climes of Swiss Alps ends here today, world leaders foresaw a new normal for globalisation with a lot more 'inward focus' by various countries including the US, even as global economy appeared poised for a fresh growth era propelled by India and China. With the narrative getting populated with populism and politics-driven possible 'black swans' emerging after polls in some major economies, calls grew louder for 'responsive and responsible governments' to tackle income and gender inequalities on a war footing. While China emerged as an unlikely hero of capitalism after presenting itself as the new champion of globalisation, experts seemed to be a less convinced lot about that country becoming ...

The Dollar Business Bureau Union ministers Nitin Gadkari and Nirmala Sitharaman joined today with over 100 corporate leaders from India at the World Economic Forum meet at Davos, Switzerland to display flagship programmes such as Make In India, Digital India etc. These programmes are expected to be showcased by the Government officials as the country seeks to attract more investments. They would also represent India’s economic strength and overall growth potential.  The WEF, held at Davos annually is the most sought-after gathering of elites from the spheres of business and politics. This year, the theme reflects a need for responsive and responsible leadership, very apt considering the political shocks that major western nations have rocked the world economic scene with.  India appeared to be ...

The Dollar Business Bureau While delivering a speech at the World Economic Forum in Davos, Chinese President Xi Jinping expressed discontent over protectionism followed by other economies and highlighted China’s intention to have a greater global role amidst US trying to become a closed economy. Jinping also took note of “America first” policies of Donald Trump and said that it is necessary for countries to have free trade and they should not be plainly abided by national interests. It was in the backdrop of Trump’s remarks on China during his election campaign that Jinping took to expressing his concerns about the trade scenario with respect to the US. The President-elect had said that China needed to be dealt with more strictly on matters related to trade ...

Source: PTI    Confident of pushing GDP growth higher and continuing the reforms agenda, Finance Minister Arun Jaitley on Saturday said one main reform which is still work in progress is ‘ease of doing business’ in India and steps are under way on that front. Jaitley also said the political opposition is unlikely to obstruct the reform process, including on the direct and indirect tax reforms, and he was hopeful about the GST getting through as well which is one of the few reforms that has been held up. He said India’s ranking has improved on ease of doing business in the last one year, but more needs to be done on that front and necessary steps are being undertaken. Speaking ...

Source:  PTI    Confident of stronger bilateral and trade ties with India, Switzerland has said its cooperation on tax matters in terms of sharing information on suspected black money cases would continue at “a good level”. It has also invited Prime Minister Narendra Modi on a state visit to bolster relationship between the two countries, Swiss Finance Minister Ueli Maurer told PTI in an interview in Davos. Maurer, who on Thursday night met Finance Minister Arun Jaitley on the sidelines of the World Economic Forum Annual Meeting, said Switzerland is also keen to expand the relationship between industries of the two countries. Asked whether there could be greater cooperation on information exchange in tax matters, he said: “We have already agreed on ...