By Sanjay Kumar Published: April 12, 2019 0 SHARES Share Tweet Email India's Prime Minister Narendra Modi addresses an election campaign rally in Junagadh, Gujarat, India on April 10, 2019. PHOTO: REUTERS With India now fully in election mode, only one question reigns supreme in the minds of the people of India as well as the world: should Narendra Modi become the Indian prime minister again? Has he ushered in the “ache din” (good days) he promised five years ago? This question is polarising India. It is, however, a valid question. This is a man who came to power in 2014 with a promise to usher in a new era of development, coined a popular new slogan “sabka saath, sabka vikas” (collective effort, development for all), assured the nation he would address the issue of corruption, and promised a regime of maximum governance and minimum government.Five years down the line, this is precisely the time to assess Modi’s performance and ask the … [Read more...] about Voting for Modi again? 6 questions every Indian should ask
Bad debts entry
Logistics sector expects e-commerce to drive rapid growth
Logivan, a Vietnamese platform that connects truckers with shipping companies, secured US$5.5 million from venture capital firm Alpha JWC and two angel investors, including David Su, the founding managing partner at Matrix Partners China. — Photo cafef.vn HÀ NỘI — On February 11 Logivan (LOGIVAN Technologies Pte), a Vietnamese platform that connects truckers with shipping companies, secured US$5.5 million from venture capital firm Alpha JWC and two angel investors, including David Su, the founding managing partner at Matrix Partners China. Indonesia-based Alpha JWC has strengths in fintech and consumption, and is well-known in the US and China. It targets companies with strong growth and potential to expand to new markets in future. A Logivan spokesman said the newly raised funds would be used to invest in data analysis and integration to improve the effectiveness of its supply chain and bring the best experience to customers. The company will apply … [Read more...] about Logistics sector expects e-commerce to drive rapid growth
EU states soften draft rules for banks’ bad debt
By Francesco Guarascio BRUSSELS (Reuters) - European Union diplomats agreed on Wednesday to soften draft rules on the money banks should set aside to cover potential losses on new loans, in a move aimed at helping countries such as Italy that have huge piles of bad debt. A decade on from the 2008 financial crisis, bad loans are still curbing many euro zone banks' ability to lend and so support economic growth. Their shares have dropped more than 20 percent <.SX7P> this year amid signs the global economy is cooling, with Italian banks down more than 25 percent <.FTIT8300> as a eurosceptic government took office in Rome in June. The deal agreed on Wednesday unexpectedly softens legislative changes proposed in March by the executive European Commission, but it still needs approval of the EU parliament. Under the proposal outlined in an EU statement, banks will have more time to set aside money to cover potential losses from new loans. States backed extending to three years, … [Read more...] about EU states soften draft rules for banks’ bad debt
Germany’s Commerzbank gets the boot from the DAX index
FRANKFURT (Reuters) - Commerzbank <CBKG.DE>, still partly owned by the German government after a bailout, will be expelled from the blue-chip DAX index to make room for a rising technology star, underscoring the declining fortunes of the nation's top banks. The German stock exchange operator Deutsche Boerse <DB1Gn.DE>, which compiles the index, made the announcement late on Wednesday. The change takes affect on Sept. 24. Commerzbank's exit from the benchmark index paves the way for the entry of Wirecard <WDIG.DE>, a payments company founded in 1999 whose market value is now double that of Commerzbank. Deutsche Boerse periodically reassesses the composition of the index using trading data to measure market value and trading volume as a basis for deciding which companies to include. It also announced a shakeup of the composition of three key indexes that affects technology stocks. Commerzbank, the nation's second-largest lender, was one of 30 founding members of the … [Read more...] about Germany’s Commerzbank gets the boot from the DAX index
With home prices in metro Denver up 65 percent, renting long-term may not be a bad option
When it comes to buying homes, young adults are moving at a turtle’s pace compared to earlier generations. But the decision to keep renting isn’t necessarily a bad one. “The choice is more complex than people think,” said Teo Nicolais, an instructor at the Harvard Extension School who specializes in real estate. “From a purely financial standpoint, the correct move is to rent the apartment or home you need in your 20s and 30s.” Millennials, he advises, would do well to pocket the savings renting generates versus owning and set it aside for a larger home in a location that better fits future needs, i.e. the family home out in suburbs. In 2006, about half of 31 year olds owned their own homes. But in 2016, the age where half of adults owned their homes had risen to 36, according to Chris Porter, demographer with John Burns Real Estate Consulting. Several things are driving the five-year lag in ownership. Young adults shoulder a large portion of the … [Read more...] about With home prices in metro Denver up 65 percent, renting long-term may not be a bad option