Some Good News


Good News from India


India-EU FTA: Chief Negotiators to Meet in New Delhi.  Chief negotiators for the India- EU free trade agreement will meet in New Delhi next month in a bid to find a way for the resumption of the long-stalled talks over the proposed pact.

October 18, 2017


India, Bangladesh Resolve to Fight Terror Together.  India and Bangladesh discussed the common challenge of terrorism and resolved to fight the scourge together even as New Delhi reaffirmed its status as a reliable development partner of Dhaka.

October 22, 2017


India to Get 6 more IIT Campuses.  The Union Cabinet is learnt to have approved funds worth Rs 7,000 crore (US$1.1bn) for the establishment of permanent campuses of six IITs in Jammu (Jammu and Kashmir), Palakkad (Kerala), Dharwad (Karnataka), Tirupati (Andhra Pradesh), Bhilai (Chhattisgarh) and Goa.

October 24, 2017


India Breaks Into Top-100 in Ease-of-Doing-Business Rankings. The World Bank endorsed India’s strong momentum on business reforms with an unprecedented improvement of 30 spots on the global Ease-of-Doing Business rankings.

November 1, 2017


Japan’s NTT Docomo Settles Dispute with Tata Group. NTT Docomo announced it had received US$1.3bn from Tata Sons based on an arbitration ruling last year for the disputed sale of its stake in Tata’s telecommunications business

November 1, 2017


Good News from China


Tesla Reaches Deal to Build Factory in China.  Tesla has reached an agreement with the Chinese government in Shanghai to build a production facility in the city’s free-trade zone, potentially giving the carmaker a unique edge in the world’s largest market for electric vehicles.

October 22, 2017


China Lifts Ban on Stinky Cheese.  China has reversed an import ban on several types of soft and mould-ripened cheese. The authorities imposed the ban in September because the strains of bacteria used to make the cheeses weren’t approved in China. Quarantine officials lifted the ban over the weekend after a meeting with European Union officials.

October 23, 2017


China’s Fiscal Deficit is Going to Come in under Beijing’s Target.  China’s finance minister said the country’s 2017 fiscal deficit will be less than the budget deficit target of 3 percent of GDP due to stronger-than-expected economic growth. The minister reiterated that China’s reform of value-added tax (VAT) system would reduce corporate costs by at least $151 billion this year.

October 24, 2017