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Some Good News

 

Good News from India

 

India Expands Payment Scheme for Hindus to Marry Dalit.  India’s government has expanded a scheme offering payment incentives to Hindus who marry members of the country’s poorest and most oppressed caste, the Dalits.

06 Dec 2017

AIIB Approves $335 mn Loan for Bangalore Metro Project.  The Asian Infrastructure Investment Bank (AIIB) on December 13 said it has approved a $335 million loan to finance a 100-per cent electric metro rail project in Bangalore. The investment in the Bangalore Metro Rail Project—Reach 6 (R6) is AIIB’s first metro project and its first joint financing partnership with the European Investment Bank (EIB).

13 Dec 2017

Finance Ministry Asks Banks to Open MSME Intensive Branches.  In order to increase credit availability to small businesses, the finance ministry of India has asked public sector banks to open Micro, small and medium enterprise intensive branches.

17 Dec 2017

 

 

Good News from China

 

China’s Xi Says Country Will not Close Door to Global Internet.  Chinese President Xi Jinping stated on December 3 the country will not close its door to the global internet. “The development of China’s cyberspace is entering a fast lane…China’s doors will only become more and more open,” said Xi in an official note.

03 Dec 2017

Chinese Online Retailer JD Plans to Open Hundreds of Unmanned Shops.  Chinese online retailer JD.com has beaten Amazon to the next stage of the shopping revolution by announcing plans to open hundreds of “unmanned” convenience stores.

14 Dec 2017

China, UK Vow to Speed up Stock Connect Plan.  China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, including speeding the introduction of a London-Shanghai stock connect program.

16 Dec 2017