Search Results for: economic recession

malema-says-south-africa-in-crisis-after-parliament-protest

Malema says South Africa in 'crisis' after parliament protest

The controversial founder of South Africa's Economic Freedom Fighters party Julius Malema, formerly youth leader in the ruling African National Congress until the party expelled him in 2012, says the country is facing a "crisis". Duration: 00:54 Feb 14, 2015
discussed-global-economic-situations-and-relations-between-two-nations-with-us-treasury-secretary-j

Discussed global economic situations and relations between two nations with US Treasury Secretary: J

New Delhi, Feb 12 (ANI): Finance Minister Arun Jaitley after meeting US treasury secretary Jacob J Lew on Thursday said that the two discussed wide range of issues including global economic situation and also relations between the two nations. Jaitley said that the two discussed money laundering and terrorism funding, among others. Earlier, the two leaders met in the presence of RBI Governor Raghuram Rajan. Lew is in India to attend the fifth US-India Economic and Financial Partnership Dialogue in New Delhi. Feb 12, 2015
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Finance Minister Arun Jaitley meets US Treasury Secy Jacob Lew

New Delhi, Feb 12 (ANI): Finance Minister Arun Jaitley met US treasury secretary Jacob J Lew on Thursday. RBI Governor Raghuram Rajan was also present at the meeting. Lew is in India to attend the fifth U.S.-India Economic and Financial Partnership Dialogue in New Delhi. He recently met Indian business leaders in financial hub Mumbai at the Confederation of Indian Industry (CII) and US-India Business Council Roundtable ahead of the dialogue in Delhi that will focus on capital market reforms and economic policies between the two countries. Lew's trip to India marks the first Cabinet-level visit after the successful visit of US President Barack Obama to India last month. Feb 12, 2015
slow-china-growth-dims-chinese-new-year

Slow China growth dims Chinese New Year

Fireworks are big in China as a key ingredient to events like APEC, and for holidays like the Lunar New Year coming next week. But a slowdown in economic growth looks like it's taking the spark out Feb 12, 2015
u-s-india-can-work-to-deepen-capital-markets-says-u-s-treasury-secretary

U.S, India can work to deepen capital markets, says U.S. Treasury Secretary

Mumbai, Feb 12 (ANI): U.S. Treasury Secretary Jacob J. Lew has said both India and U.S. could work together to deepen capital markets, combat money laundering and terrorist financing. Lew is in India to attend the fifth U.S.-India Economic and Financial Partnership Dialogue in New Delhi. He recently met Indian business leaders in financial hub Mumbai at the Confederation of Indian Industry (CII) and US-India Business Council Roundtable ahead of the dialogue in Delhi that will focus on capital market reforms and economic policies between the two countries. He added that the entrepreneurial spirit, vibrant private sectors, and commitment to economic growth and job creation are the cornerstones of the U.S.-India economic relationship. Lew said that economic growth in either of the country was beneficial for both. Feb 12, 2015
spains-king-takes-a-pay-cut-too

Spain's King takes a pay cut too

Spain's economic recovery is being helped along by a cost-cutting King. King Felipe VI will earn around 234,000 euros in 2015 as head of state, 20 percent less than last year. The Royal family will Feb 12, 2015

Textile industry expects tax cuts in upcoming budget

Surat, Feb 11 (ANI): Manufacturers in textile industry in Gujarat expect tax cuts from the Central government in upcoming budget to help the industry come out of crisis. Union Finance Minister Arun Jaitley will on February 28 present his first full-year budget, seeking to put Asia's third-largest economy on a path of 7-8 percent growth over the next two years. In Surat, industrialists said they were facing crisis due to rise in prices of raw materials like yarn and colour chemicals. A favourable budget will being relief for one-and-a-half million people associated with the industry, he added. Vakharia also hoped for relaxation in prices of acquiring land. Investors and manufacturers have long advocated the GST as a way to simplify taxes while broadening the tax base, adding as much as 2 percentage points to economic growth in India. Feb 11, 2015
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