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Whatever the IMF thinks, we are a long way from the boom time of 2007 | Larry Elliott image
....Populist leaders have tapped into this discontent and there is now a cult of the strong leader. Trump in the United States, Vladimir Putin in Russia, Recep Tayyip Erdoğan in Turkey, Narendra Modi in India all fall into this category, but there are many others. ...
'Vijay Mallya can't avoid the law': Herts villagers on 'fugitive' billionaire neighbour image
....India’s prime minister has singled out Mallya, accused of fleeing the country owing about £1bn to banks and employees of his failed Kingfisher Airlines, of ripping off India and Indians. Narendra Modi, who the Indian press said raised Mallya’s extradition with Theresa May during her official visit to the country last year, tweeted:. ...
Force India F1 team boss Vijay Mallya arrested in London image
Source : Guardian [Read Article] Tuesday 18th of April 2017 12:31:31 PM
.... Extradition hearing in Court started today as expected. India’s prime minister, Narendra Modi, has made it a priority to bring Mallya, who made most of his fortune from Kingfisher beer and spirits, back to the country to stand trial over an estimated 94bn rupees (£1bn) of debt owed to state-owned banks after the collapse of Kingfisher Airlines in 2012. ...
Why can't Indians gain possession of the homes they own? image
Source : BBC [Read Article] Wednesday 5th of April 2017 11:12:28 PM
.... And on the other hand there’s a lot of corruption, which drives up prices. How is Prime Minister Narendra Modi trying to tackle the problem?. ...
Indian economic growth slows in December quarter of 2016 image
Source : BBC [Read Article] Tuesday 28th of February 2017 01:38:30 PM
....1%. The figures surprised economists, who had expected the economy to take a bigger hit from Prime Minister Narendra Modi's decision last November to withdraw old 500-rupee and 1,000-rupee banknotes, taking 86% of the currency out of circulation virtually overnight. ...
India police arrest 'world's cheapest smartphone' firm boss image
Source : BBC [Read Article] Friday 24th of February 2017 05:59:23 AM
.... . At the launch, Mr Goel had said the phone would be locally made as part of the Make in India program, promoted aggressively by Prime Minister Narendra Modi's government. ...
Fingerprint payments prompt privacy fears in India image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:00:13 AM
....But now this pool of more than a billion people’s biometric data is being used by banks, credit checking firms and other private companies to identify customers, raising questions about privacy and security. As one of his flagship policies, prime minister Narendra Modi pledged to create a “digital India” in which the country’s cash-centric economy would switch to credit and debit cards, squeezing the parallel economy of untaxed cash transactions and giving more citizens access to digital financial services. ...
Globalisation once made the world go around. Is it about to grind to a halt? image
....”. Malloch-Brown cited Xi in China, Narendra Modi in India and Recep Tayyip Erdoğan in Turkey as leaders who – together with Vladimir Putin in Russia and, now, Trump in the US – make up a formidable cabal on the G20, the group of developed and developing countries that was set up during the financial crisis to provide better global governance. ...
Bitcoin tops $1,000 for first time in three years as 2017 trading begins image
....The currency is used to move money across the globe quickly and anonymously and is free of control from any central bank or government, making it attractive to those who want to get around capital controls. It is also may appeal to those worried about a shortage of cash, as in India where the prime minister, Narendra Modi, removed high-denomination banknotes from circulation in November. ...
Deadline looms for Indian cash overhaul image
Source : Guardian [Read Article] Friday 30th of December 2016 11:56:17 AM
....Indians will no longer be able to exchange expired currency for new notes after midnight on Friday as severe cash shortages continue to disrupt daily life across the country. The prime minister, Narendra Modi, gave Indians a 50-day window to declare and deposit their 1,000- and 500-rupee notes after a surprise announcement on 8 November that both denominations would become invalid that evening. ...
India sees long bank queues as rupee deadline passes image
Source : BBC [Read Article] Friday 30th of December 2016 03:10:11 AM
.... . There has been widespread disruption since Prime Minister Narendra Modi said in November that 500 and 1,000 rupee notes would no longer be legal. ...
India rupee ban: 'I feel like there's a lot of chaos' image
Source : BBC [Read Article] Friday 30th of December 2016 12:00:36 AM
. India's Prime Minister Narendra Modi has defended the government's decision to to scrap more than 85% of the rupee notes in circulation, which he says is aimed at curbing illegal cash holdings, or so called "black money". ...
India rupee ban: Snapdeal to deliver cash image
Source : BBC [Read Article] Friday 23rd of December 2016 07:15:03 AM
....That system is run in partnership with Yes Bank, which has also teamed up with taxi firm Ola to provide mobile ATMs. India's Prime Minister Narendra Modi announced that 500 and 1,000 rupee notes were no longer legal tender as part of a crackdown on corruption on 8 November. ...
India's small businesses facing 'apocalypse' amid biggest financial experiment in history image
....”. India’s vast informal economy has been reeling since 8 November, the morning after India’s prime minister, Narendra Modi, announced the sudden voiding of the country’s two most-used bank notes. ...
Pakistan Senate proposes scrapping 5,000 rupee note image
Source : BBC [Read Article] Tuesday 20th of December 2016 10:49:58 AM
....A resolution, which is not binding, has called for the government to remove the notes to "reduce illicit money flow". Two months ago, India's Prime Minister Narendra Modi surprised the country by scrapping 1,000 rupee and 500 rupee notes overnight, . ...
Bad money image
Source : BBC [Read Article] Saturday 17th of December 2016 12:34:01 AM
....". More than a month after India's demonetisation - the surprise announcement by Prime Minister Narendra Modi that 500 and 1,000 rupee notes would be withdrawn from circulation and replaced by new currency - the plan has been the subject of protests and false rumours. ...
De Beers diamond sales slow after India's cash crackdown image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:50:58 AM
....Anglo American has said demand at its latest De Beers diamond sale showed a slowdown in response to India’s withdrawal of high-value banknotes, but was still higher than a year ago when commodity trade was slumping. The decision by the prime minister, Narendra Modi, to scrap 500-rupee and 1,000-rupee banknotes as part of a crackdown on tax dodgers and counterfeiters has dented consumer spending in a country where most people are paid in cash, and buy what they need with cash. ...
Venezuela pulls 100-bolivar note from circulation to 'beat mafia' image
Source : Guardian [Read Article] Monday 12th of December 2016 11:11:46 AM
....Maduro’s move could be the latest in a long run of experiments in demonetisation with arguable levels of success. Just over a month ago India’s prime minister Narendra Modi suddenly abolished 500 and 1,000 rupee notes. ...
‘Who buys fish with a credit card here?’ Traders scoff at Goa’s bid to ditch cash image
....”. The low footfall at Panjim’s fish market is unusual; fish is a staple in Goan cuisine but, for the past month, since the prime minister, Narendra Modi, abolished the 500 and 1,000 rupee notes, business has suffered. ...
India surprises by holding rates at six-year low image
Source : BBC [Read Article] Wednesday 7th of December 2016 10:35:56 AM
....3% for the three months to September. That put pressure on the central bank, particularly after Prime Minister Narendra Modi said on 8 November that 500 ($7. ...
Indian app firms cash in on Modi's rupee note switch image
Source : BBC [Read Article] Tuesday 6th of December 2016 10:38:47 AM
. Indians are slowly adjusting to life after Prime Minister Narendra Modi's surprise decision to ban almost 90% of the bank notes in circulation. ...
Cash for queues: people paid to stand in line amid India's bank note crisis image
....Outside the Churchgate branch of the Bank of India in south Mumbai, some of those queueing for cash have become familiar faces. Ever since the prime minister, Narendra Modi, unexpectedly withdrew high-value 500- and 1,000-rupee banknotes from circulation, wiping out 86% of India’s currency overnight, queueing for cash has become a national sport. ...
All about the money image
Source : BBC [Read Article] Friday 25th of November 2016 12:06:30 AM
. On the evening of 8 November, vegetable vendor Vishal Gupta was preparing to shut his roadside stall when Prime Minister Narendra Modi announced that 500 ($7. ...
India: Bangalore bank driver makes off with $134,000 image
Source : BBC [Read Article] Thursday 24th of November 2016 10:00:59 AM
....People have been told they can deposit or change their old notes in banks until 30 December. Prime Minister Narendra Modi, who made the surprise announcement in an address to the nation, said the decision was made to target people who have hoards of unaccounted cash, known in India as "black money". ...
'Money mules' image
Source : BBC [Read Article] Thursday 24th of November 2016 12:16:10 AM
....India's cash crisis explained. Prime Minister Narendra Modi's surprise announcement has left many people stuck with hoards of now illegal cash, known in India as "black money". ...
India mobile payments surge after shock banknote move image
Source : BBC [Read Article] Monday 21st of November 2016 10:30:13 AM
....Both companies have seen a surge in new users signing up. This comes after the move by Indian Prime Minister Narendra Modi earlier this month to abolish 500 and 1,000 rupee notes, which essentially wiped out 86% of the country's cash. ...
India's rupee crackdown sees money-changers ink-marked image
Source : BBC [Read Article] Wednesday 16th of November 2016 11:20:10 AM
....India is using indelible ink on fingers to ensure people get only one chance to change their big bank notes. Prime Minister Narendra Modi scrapped 1,000 (£11. ...
How is India embracing cashless trading? image
Source : BBC [Read Article] Tuesday 15th of November 2016 11:45:58 PM
....Indians are still desperately trying to get their hands on cash after the government abolished high denomination rupee notes, which made up nearly 90% of the currency in circulation. Prime Minister Narendra Modi says the process will put pressure on people hoarding money earned through illicit and untaxed activities. ...
India raises withdrawal limit as rupee anger mounts image
Source : BBC [Read Article] Sunday 13th of November 2016 07:54:57 PM
....It has asked banks to report daily rather than fortnightly the amount of cash withdrawn and exchanged to give a more accurate picture of circulation. Prime Minister Narendra Modi acknowledged the "pain" being experienced by millions but said the scheme was "not born from arrogance". ...
India unmoved image
Source : BBC [Read Article] Sunday 13th of November 2016 01:06:32 AM
....Yet in India, they're not so sure. Her reception was polite, with Prime Minister Narendra Modi granting her an unusually long meeting of 90 minutes, but there are now significant tensions in the relationship which three days of photo opportunities will not resolve. ...
India rupees: Chaos at banks continues after ATMs reopen image
Source : BBC [Read Article] Friday 11th of November 2016 07:17:35 AM
....There are limits on cash withdrawals from ATMs and banks. After Prime Minister Narendra Modi's surprise announcement on Tuesday night, the banks were closed on Wednesday. ...
Shock as India scraps 500 and 1,000 rupee bank notes image
Source : BBC [Read Article] Wednesday 9th of November 2016 07:10:50 AM
....The most affected are likely to be small traders, vendors and labourers but newspapers were quick to point out that India's wedding season, due to start in a few days, will also be hit hard. "Black money and corruption are the biggest obstacles in eradicating poverty," Prime Minister Narendra Modi said in his address to the nation on Tuesday evening. ...
Theresa May rejects calls to raise Indian visa quota image
Source : BBC [Read Article] Sunday 6th of November 2016 08:51:57 PM
....Visa issues risk dominating Theresa May's first trade trip since becoming prime minister. India's Prime Minister Narendra Modi told a technology summit in Delhi he wanted to encourage "greater mobility" for its young people in education. ...
India sets rates in major sales tax reform image
Source : BBC [Read Article] Friday 4th of November 2016 03:07:07 AM
.... . A central plank of Prime Minister Narendra Modi's economic agenda, the centralised tax is intended to cut through the red tape and corruption generated by the swathe of state taxes currently in force. ...
Tata hits back at Cyrus Mistry claims image
Source : BBC [Read Article] Thursday 27th of October 2016 01:20:05 PM
....". Nalin Kohli, a national spokesman of Prime Minister Narendra Modi's Bharatiya Janata Party and a supreme court lawyer, said: "The larger question will remain whether a legal battle will serve the interests of shareholders. ...
China backs Brics nations despite global uncertainty image
Source : BBC [Read Article] Sunday 16th of October 2016 12:50:30 PM
....In separate agreements, Mr Xi vowed to pursue closer ties with India and Russia as part of a wider Chinese push to foster global trade partnerships. Indian Prime Minister Narendra Modi said India and China had a responsibility to join hands and turn the 21st Century into an Asian century. ...
Big bonanza image
Source : BBC [Read Article] Thursday 13th of October 2016 11:29:58 PM
....A significant part of this cash flow is hidden from the government, to avoid paying tax. Cleaning up this system and cracking down on black money has been a stated goal for India's Narendra Modi-led government. ...
Driving change image
Source : BBC [Read Article] Tuesday 4th of October 2016 09:53:19 AM
....". Creating jobs is central to Prime Minister Narendra Modi's Make in India campaign, an effort to promote inclusive growth in the country. ...
India ratifies Paris climate agreement image
Source : BBC [Read Article] Sunday 2nd of October 2016 04:59:52 PM
.... . Prime Minister Narendra Modi announced last month that India would ratify the agreement on 2 October, the birthday of Mahatma Gandhi, the leader of the struggle for independence from Britain. ...
Theresa May: UK will be 'global leader in free trade' image
Source : BBC [Read Article] Saturday 3rd of September 2016 01:45:25 PM
....During the summit, the prime minister will also hold her first face-to-face talks with Russian President Vladimir Putin. At her meeting with her Indian counterpart Narendra Modi, the trading relationship between the two countries is expected to dominate the agenda. ...
India's economic growth rate slowest for two years image
Source : BBC [Read Article] Wednesday 31st of August 2016 01:31:09 PM
...."This number is much, much below the market expectation," said Devendra Kumar Pant, chief economist at India Ratings and Research. Growth needs to be towards double digits to create the jobs that Prime Minister Narendra Modi has promised to the millions of Indians joining the workforce each year. ...
India to grant residency to rich foreigners image
Source : BBC [Read Article] Wednesday 31st of August 2016 12:30:18 PM
....It is the fastest growing major economy in the world, but its young population means it needs to create about 10 million jobs a year to prevent unemployment increasing. Earlier this year, Prime Minister Narendra Modi announced an overhaul of foreign ownership rules in another move to attract overseas investment. ...
Reserve Bank of India: Inflation hawk Urjit Patel to take top job image
.... The new man has less of a global reputation but enough credentials that international investors - so key to India's economic growth - are unlikely to be worried. And the government of Prime Minister Narendra Modi, which has been agonising over this decision for a while, is likely to feel comfortable too. ...
Indian parliament backs key tax bill image
Source : BBC [Read Article] Wednesday 3rd of August 2016 05:10:11 AM
.... . The bill has been a key goal of Prime Minister Narendra Modi and easily passed the lower house, but was long held up in the upper house where Mr Modi's BJP party does not have a majority. ...
What is India's GST and why does it matter so much? image
Source : BBC [Read Article] Wednesday 20th of July 2016 08:58:10 PM
.... . A central plank of Prime Minister Narendra Modi's economic agenda, it proposes a centralised tax to cut through the red tape and corruption generated by the swathe of state taxes currently in force. ...
The inside story of Facebook’s biggest setback | Rahul Bhatia image
Source : Guardian [Read Article] Thursday 12th of May 2016 05:00:19 AM
.... He received an ecstatically warm welcome from Indian politicians, who were eager to advertise their tech-savviness by being seen with Facebook’s founder. He was even granted an audience with India’s new prime minister, Narendra Modi, who had built a sizeable online presence – with some help from Facebook – during the recent elections. ...
Steel crisis: UK blocked tougher EU rules amid shoe price rise fears image
Source : Guardian [Read Article] Tuesday 12th of April 2016 03:42:05 PM
.... He has since been to India to discuss options for the sale of Tata’s UK assets with the company. On Tuesday, Prince William also raised the plight of the British steel industry during lunch with the Indian prime minister, Narendra Modi. ...
Tata steel crisis: Cameron defends blocking tariffs as Javid faces workers’ anger image
....Javid admitted that finding a buyer for Tata’s loss-making assets would not be straightforward and said he recognised that any potential buyer may require the help of the UK government. Meanwhile Cameron raised the issue of the future of the Port Talbot plant with Indian prime minister Narendra Modi, on the sidelines of the security summit in Washington. ...
Tata Steel: ministers start hunt for buyers for British assets image
Source : Guardian [Read Article] Thursday 31st of March 2016 09:30:00 PM
.... They were warned again and again and again by the industry, by unions and by MPs,” he said. Cameron is expected to raise the issue of the future of Tata’s UK steel assets when he meets the Indian president, Narendra Modi, on the sidelines of a nuclear security summit in Washington, where the prime minister arrived on Thursday night. ...
Tata Steel crisis leaves government ministers in ‘disarray’ image
Source : Guardian [Read Article] Wednesday 30th of March 2016 08:54:33 PM
....The prime minister will travel to Washington DC on Thursday where dozens of world leaders are gathering for the Nuclear Security Summit, hosted by the US president, Barack Obama. Cameron is expected to raise the issue of Tata Steel with the Indian prime minister, Narendra Modi. ...
VIDEO: Modi heads to Brussels image
Source : BBC [Read Article] Tuesday 29th of March 2016 11:59:22 PM
. Indian Prime Minister Narendra Modi is heading to Brussels to discuss an India-EU free trade deal. ...
George Osborne’s recovery is in danger: the only option now is to steal Jeremy Corbyn’s clothes image
.... For the entire first term of the coalition, the Eurozone stagnated because of the ECB’s refusal to engage in stimulus. You can bow and scrape to Narendra Modi or Xi Jinping all you like, but it cannot compensate for stagnation on your doorstep. ...
India budget targets farmers and promises infrastructure upgrades image
Source : Guardian [Read Article] Monday 29th of February 2016 12:05:37 PM
. India unveiled a fire-fighting budget on Monday that seeks to win back support among rural voters for prime minister Narendra Modi’s government and sustain growth against a grim global backdrop - all without borrowing more. ...
Viewpoint: Why Narendra Modi's budget looks strangely familiar image
Source : BBC [Read Article] Monday 29th of February 2016 11:39:32 AM
. So what is the verdict on India's Narendra Modi-led BJP government's third annual budget today? . ...
Is the US undermining India's solar power programme? image
Source : BBC [Read Article] Saturday 27th of February 2016 12:35:05 AM
....The Solar Mission is explicitly designed to make India one of the biggest players in the rapidly growing international solar industry. Indeed, developing solar is a key thrust of Prime Minister Narendra Modi's signature "Make in India" policy. ...
India sends fresh tax notice to Vodafone image
Source : BBC [Read Article] Tuesday 16th of February 2016 12:19:09 PM
....The move was heavily criticised by investors at the time. But since coming to power in May 2014, Prime Minister Narendra Modi and Finance Minister Arun Jaitley have repeatedly assured foreign investors of a stable tax regime. ...
Growth star India overtakes China as world's fastest growing major economy image
Source : Telegraph [Read Article] Monday 8th of February 2016 03:30:36 PM
.... . India's prospects have also been bolstered by the election of the pro-market government of Narendra Modi in May 2014. ...
India outpaces China in 2015 growth image
Source : BBC [Read Article] Monday 8th of February 2016 12:32:07 PM
....India measures its economy over a fiscal rather than a calendar year. Prime Minister Narendra Modi's government said growth for the fiscal year ending March 2016 is forecast to accelerate to 7. ...
What is holding back the growth of solar power? image
Source : Guardian [Read Article] Sunday 31st of January 2016 08:00:03 AM
....In developing countries, solar is the technology of the moment. Indian prime minister Narendra Modi has thrown his hefty political weight, and some money, into the development of an international solar alliance. ...
Bosses more gloomy on growth - report image
Source : BBC [Read Article] Tuesday 19th of January 2016 08:26:33 PM
....Those in charge of American companies were the least optimistic about growth, while those in India were most likely to be optimistic. This was put down to the positive business mood surrounding India's new prime minister, Narendra Modi. ...
Rolls-Royce to meet with MPs worried by restructuring plans image
Source : Telegraph [Read Article] Wednesday 30th of December 2015 10:55:48 AM
.... Meanwhile, India is pressing ahead with development of its own fighter aircraft, the HAL Advanced Medium Combat Aircraft. Indian prime minister Narendra Modi also has a policy of buying domestically wherever possible, meaning that if Rolls were to have any involvement in the new jet, much of the work would have to be done in India. ...
World Bank president celebrates 'game changer' Paris talks image
Source : Guardian [Read Article] Sunday 13th of December 2015 06:52:19 PM
....World leaders hailed the agreement, struck after marathon fortnight-long negotiations in the French capital. The US president, Barack Obama, said the deal would create “more jobs and economic growth driven by low-carbon investment”, while India’s prime minister Narendra Modi declared that “climate justice has won and we are all working towards a greener future”. ...
Japan and India sign bullet train deal image
Source : BBC [Read Article] Sunday 13th of December 2015 10:05:47 AM
.... . Prime Minister Narendra Modi said the train would link Mumbai and Ahmedabad, cutting travel time on the route from eight hours to two. ...
India 'clears Japan rail plan' image
Source : BBC [Read Article] Thursday 10th of December 2015 10:00:13 AM
....7bn) deal for Japan to build the country's first high-speed train line, according to reports. A government minister and official at Prime Minister Narendra Modi's office told the Reuters news agency that cabinet had cleared the bid. ...
UK foreign investment at 10-year low image
Source : BBC [Read Article] Thursday 3rd of December 2015 01:22:16 PM
....8bn in 2014 from £33bn in 2013. The figures come after state visits to the UK by the leaders of two of the fastest-growing economies in the world - Chinese President Hu Jintao and Indian Prime Minister Narendra Modi - during which a number of trade deals were announced. ...
VIDEO: One of India's wealthiest on tax reforms image
Source : BBC [Read Article] Thursday 3rd of December 2015 01:59:50 AM
....But, it would also require a constitutional amendment. It is one of many changes promised by the Prime Minister Narendra Modi. ...
Indian economic growth picks up to 7.4% image
Source : BBC [Read Article] Monday 30th of November 2015 01:25:06 PM
.... . If passed, it will be a landmark moment and will be the first major reform by Prime Minister Narendra Modi's government since it came to power in 2014. ...
Commonwealth looms in Brexit campaign image
Source : BBC [Read Article] Thursday 26th of November 2015 12:09:36 AM
....As things stand, the UK isn't exactly giving any of these countries the cold shoulder. Earlier this month, the UK and India signed commercial deals worth £9bn during a visit to London by India's Prime Minister Narendra Modi - a visit seen as giving an important boost to the UK's relations with the world's fastest-growing large economy. ...
Rolls-Royce chief ready to begin fightback with a pitch to the City image
Source : Guardian [Read Article] Sunday 22nd of November 2015 04:44:00 PM
.... He described Murdoch’s “facility for technology that we have not witnessed among other industry leaders”. The Murdochs repaid the compliment by inviting Ubben to meet India’s prime minister Narendra Modi alongside some of the biggest players in US media industry in New York in September. ...
We hoped for a march of the makers, but even BAE is failing to produce the goods image
. How ironic that just as Indian prime minister Narendra Modi was in Britain last week talking up the trading links between the two countries, defence group BAE Systems was announcing 371 UK job losses that are due in no small part to decisions made by India in 2012. ...
Why does India still play second fiddle to China?  image
Source : Telegraph [Read Article] Saturday 14th of November 2015 03:40:19 PM
Corbyn to call for part-nationalisation of Britain's steel industry image
Source : Guardian [Read Article] Friday 13th of November 2015 10:00:10 PM
....Reacting to some internal party criticisms that he has failed to show pride in Britain, Corbyn will also claim that Labour stands for some of the country’s greatest traditions, including trade unionism, the suffragettes and individuals such as the feminist Mary Wollstonecraft, the athlete Mo Farah and the Beatles, he will say on Saturday. Corbyn’s intervention in the debate over steel comes as he prepares to raise the role of Indian companies with the Indian prime minister, Narendra Modi, at a meeting on Saturday. ...
VIDEO: India's impact on UK jewellery firm image
Source : BBC [Read Article] Friday 13th of November 2015 11:34:46 AM
. Tickets for the speech at Wembley Stadium by Indian Prime Minister Narendra Modi were mostly snapped up by Indians living in the UK or Brits with Indian heritage. ...
VIDEO: Breakdown firm enters Indian market image
Source : BBC [Read Article] Friday 13th of November 2015 11:32:27 AM
. Indian Prime Minister Narendra Modi is using his trip to the UK to convince British firms to come and do business in his country. ...
'Huge moment' for UK and India image
Source : BBC [Read Article] Thursday 12th of November 2015 05:18:46 PM
. Current negotiations between the UK and India are a "huge moment for our two great nations", India's PM Narendra Modi has said on his visit to Britain. ...

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