MUMBAI: There was little discussion on this category, with Nitin Gadkari winning with six votes in his favour against three for the other candidates, and the jury didn’t feel the need for a second vote. The decision wasn’t surprising. The Union minister for road transport, highways and shipping has been a standout member of the Narendra Modi government and he has managed to get many stalled road construction projects moving again. He has devised a new public-private partnership (PPP) mechanism called the hybrid annuity model.
By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Originally published at New Economic Perspectives
MUMBAI: Mumbai-based arbitration and litigation law firm Advani & Co has entered in 'best friend practice' agreement with S Rambhaktaa Advisors, a legal online M&A advisory startup founded by former general counsel of Escort Group Ramaswamy. "Advani & Co and S Ramaswamy will jointly advise clients on M&A, Private Equity (PE) investments and other corporate finance related matters," said a senior person of Advani & Co who is privy to the development.
As if the banks hadn’t already done enough to harm small business growth over the past few years, the research also suggests bank charges are starting to cause issues.
Respondents were polled on attitudes to banks in several key areas, with ratings from 1 to 5 – 1 being no issue to 5 being seriously damaging, with anything over 3 classed as harmful to their business.
SHANGHAI: China's benchmark Shanghai stock index was down 8 percent on Wednesday morning as additional government moves failed to shore up the tumbling market, dealers said. The Shanghai Composite Index slumped 6.72 percent, or 250.34 points, to 3,476.78. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 4.15 percent, or 80.18 points, to 1,852.65.
By Tatiana Didier, Research Economist, Office of the Chief Economist for Latin America and the Caribbean, World Bank, and Sergio Schmukler, Lead Economist at the World Bank. Originally published at VoxEU.