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Some Good News

 

Good News from India

 

All States sans J&K Pass State GST Bill to Keep Date with July 1.  All states and Union Territories, barring Jammu and Kashmir, have passed their State GST Act, paving the way for rollout of the Goods and Services Tax from the mid-night of June 30-July 1.

June 21, 2017

 

India to Ratify 2 ILO Conventions on Child Labour.  The labour ministry is likely to soon ratify two key international conventions on child labour, prohibiting completely employment of children up to the age of 14 years and banning employment of children between 15-18 years in hazardous works.

June 5, 2017

India Launches Powerful New Rocket.  India launched a new rocket on June 5, extending the country’s ability to place larger payloads into orbit. Until now, India had depended on buying launch slots from other countries and organisations.

June 8, 2017

 

Good News from China

 

China and EU Strengthen Promise to Paris Deal.  China and the EU will forge an alliance to take a leading role in tackling climate change in response to Donald Trump’s expected decision to pull the US out of the historic Paris agreement, according to a statement being prepared before an EU-China summit in Brussels on June 1 and June 2.

May 31, 2017

 

MSCI Puts China Mainland Stocks in its Indices.  After years of waiting, MSCI has agreed to include China mainland stocks in its indexes, beginning next year. Should the Chinese continue to open up their markets, MSCI will consider increasing the weighting of the existing 222 companies to 100 percent of their market cap.

June 21, 2017

 

IMF Boosts China GDP Growth Forecast to 6.7%.  The IMF forecast China’s GDP to grow 6.7 per cent this year — edging up from a previous estimate of 6.6 per cent. However, the IMF warned that steady growth required “deep reforms to transition from the current growth model that relies on credit-fed investment and debt”.

June 14, 2017