The New Development Bank (NDB) set up by the BRICS countries will approve one project from each member nation in April followed by finalisation of about 10 to 15 projects, mostly green energy ventures, its President K V Kamath said on Friday. Addressing media here in the Communist giant’s financial hub ahead of signing of […]
Shifting Capital Flows
China lending to LatAm soared 200 percent to $29 billion, including $400m to Costa Rica
Chinese loans to Latin American and Caribbean governments and the region’s state-owned firms climbed sharply in 2015 despite the slowing Chinese economy, rising to US $29 billion and focused once again on Venezuela, Brazil and Ecuador, the Inter-American Dialogue public policy think tank said in its annual report issued this month. From nuclear power plants in […]
FDI India growing 48%, falling elsewhere: Sitharaman
Mumbai, Feb 8: Foreign direct investment in India has been growing around 48 percent despite the global economic slowdown that has seen FDI declining elsewhere, Commerce Minister Nirmala Sitharaman said on Monday. “FDI in the world is falling… India is the only country where foreign investments are growing,” she said at the inaugural ceremony of […]
ILO warns shock to BRICS may hurt global economy
THE International Labour Organization (ILO) has warned that any shock to the economies of Brazil, Russia, India, China and South Africa (BRICS) could spell doom for the building of a virile middle class globally. The Director General of the ILO, Guy Ryder, who stated this at the first ever meeting of Ministers of Labour and […]
FDI into India up 75% in 2015 after govt steps to boost investment, says UN body
Geneva – Foreign Direct Investment flows into India nearly doubled in 2015 while the US emerged as the top host country for FDI last year, the UN’s trade agency said today. Global FDI flows “unexpectedly” increased significantly by 36 per cent, according to the annual report of the United Nations Conference on Trade and Development […]
India’s FDI Reforms And The Growth Sectors To Watch Out For In 2016
India’s recent reforms to it’s foreign direct investment guidelines have prompted a flurry of excitement from companies looking to get in on the action, and there are a few growth sectors to watch out for in 2016, says U.S.-India Business Council India Director Nivedita Mehra. Earlier in November, the Indian government relaxed several of the […]
The BRICS and the future of global order
The discourse on the geopolitical and geoeconomic significance of BRICS has been polarised since Brazil, Russia, India and China met for the first time in 2009. One school of thought has treated the emergence of the BRICS forum as a reflection of a new, multi-polar world order; a result of the shift in economic and […]