2019-12-05 08:02:18| The Economic Times
Following the slide in economic growth to 4.5 per cent the last quarter the worst numbers in more than six and half years the RBI was expected to further cut policy rates, but ended up holding the repo rate at 5.15 per cent.
2019-12-03 19:29:41| Guardian Unlimited Business - more business news
Mr Johnson once thought destitution on a Victorian scale might be a good thing. With Tory policies he may yet deliver such a dystopiaDid Boris Johnson watch Channel 4s documentary Growing Up Poor? He should have. The film is a seminal moment in television which has made people talk about the crisis of destitution that is hiding in plain sight in the UK, and how dreadful it is. In the programme, childhood dreams of being an actor or a solicitor jarred with tales of chronic poverty. There were bleak scenes of Dickensian hardship, as families living in squalor or with hungry children at a food bank explained how these situations had been precipitated by everyday catastrophes of bereavement, domestic violence and mental breakdown. The damaging trade-offs being made of whether to eat or heat are a shameful indictment of a country as wealthy as ours.The prime minister does not care to be appraised of such things. Nor is he willing to accept the fact that since 2010-11, on the three main measures, UK child poverty has risen. Nor that the spread of penury has been driven by Conservative cuts and freezes to tax credits and benefits. The governments own Social Metrics Commission found that more than 4 million people in the UK are trapped in deep poverty, effectively destitute. This is a new phenomenon. Before 2012 the academic literature on the subject found little mention of destitution apart from among asylum seekers. Once the poor might have expected the welfare safety net to help them avoid deprivation. They now have no such guarantee. Austerity, low incomes and precarious jobs have made the poor newly vulnerable to unexpected financial shocks and the slide into desperate hardship. Continue reading...
2019-12-03 06:28:55| The Economic Times
India should have joined RCEP. The deal on offer was a reasonably good one and many of our fears had been allayed. Our farmers had been given protection from imports of agricultural products and milk (say from New Zealand). A quarter of Chinese products had been excluded, and for the rest a long period of tariffs was allowed from 5 to 25 years.
2019-12-03 04:09:06| Mondaq.Com
The Advocate General's Opinion is significant in that it departs from guidelines adopted by the European Commission.
2019-12-03 03:40:50| Mondaq.Com
On 12 November 2019 the Bermuda Monetary Authority (BMA) released a notice in response to an increase in enquires in respect of licencing to re/insure cannabis related risk and the recent legalization of cannabis in Canada.