The Finance Commission is a constitutionally mandated body established every five years to coin a formula for distributing the net tax proceeds between the Centre and the states, as well as among the ...
Germany moves to ban China’s Huawei, ZTE from its 5G network
Germany will phase out components made by China’s Huawei and ZTE from its 5G wireless network over the next five years, a move that risks worsening its already strained relations with the world’s second-largest economy.
China’s financial sector is put on needed GDP diet
It's usually a red flag whenever China's bean counters "optimise" already questionable market indicators. However, the recent tweak to how the country calculates what the financial sector contributes to the economy makes sense.
Saudi Arabia and Indonesia partner to enhance intellectual property ecosystem
The government has announced that Indonesia is seeking to collaborate with Saudi Arabia to develop its intellectual property ecosystem ... ( read original story ...)
Songs, pandas and praise for Xi: how China courts young Taiwanese
They aim to immerse Taiwanese high-schoolers and university students in Chinese culture and to foster their sense of Chinese nationalism. Before 2020 several thousand Taiwanese students went to China each summer for internships and exchanges.
Investors stay subdued as China prepares to outline plans for economy
The Chinese Communist Party is set to outline its plans for the future of China’s economy at its upcoming Third Plenum meeting which starts on July 15
Indonesia considers changing rules on micro loans
JAKARTA: Indonesia is reviewing rules in a government programme to subsidise micro loans, a senior minister said on Thursday, after the country's banking regulator signalled it would turn down the ...
A first-time flyer in China opened an emergency exit after mistaking it for the bathroom door, local media reported
An Air China flight was canceled after a passenger accidentally opened an emergency exit.Local media reported the first-time flyer confused the exit for a bathroom door, citing officials.The incident ...
Hong Kong stocks rally after China unveils fresh curbs on short-selling to boost confidence
Hong Kong stocks rallied after China clamped down further on short-selling and pledged more scrutiny for quant-based investments.
China’s finance ministry dials up scrutiny for audit firms after Evergrande probe: Sources
The tighter scrutiny, which has not been previously reported, is mainly focused on Deloitte, EY, PwC, KPMG and their audits of some financial firms as well as highly leveraged companies, said the ...