China will roll out a guideline on intensifying administrative punishments for legal breaches of the financial system, step up efforts to enhance the quality of audits, and promote the smooth transformation of asset management business, the statement said. … [Read more...] about Reforms buoy small firms
Standard chartered bank limited
New Delhi: The Confederation of Indian Industries (CII) has found that 63 per cent of people it surveyed in northern India are gearing to travel within three months of relaxation of the coronavirus lockdown, but most of them have ruled out any international travel. Due to the COVID-19 pandemic, the survey was conducted online among a limited sample of 250 respondents across Chandigarh, Delhi, Himachal Pradesh, Haryana, Jammu & Kashmir, Ladakh, Punjab, Rajasthan, Uttarakhand and Uttar Pradesh. The survey has also found that post the coronavirus lockdown, hygiene standards maintained by hotels would be the single most important deciding factor for tourists while selecting the place of stay. Around 68 per cent of the respondents said hygiene standards would determine their choice of hotels. Around 59 per cent of the respondents said use of protective gear was the most important precaution they would take during travel, with Arogya Setu App being the preferred choice of around one … [Read more...] about 63 per cent willing to travel in 3 months, 70 per cent rule out overseas travel: CII survey
If this week's nudges and diktats on the stock market were not unsettling enough, there is news that the Chinese authorities have, in essence, kidnapped a UK citizen of Chinese origin in Hong Kong because he ran a book store in the city's busiest shopping district that sold books critical of the Communist leadership. … [Read more...] about What ails the Chinese economy?
A group of 180 migrants from Jharkhand, stranded in Mumbai for over two months due to the lockdown, were flown home on a chartered flight, arranged by the alumni network of the Bengaluru-based National Law School, making it the first such instance in the country amid the coronavirus-triggered lockdown. … [Read more...] about How law school alumni helped migrants fly home to Jharkhand
Nariyanuri said Southeast Asian retailers are promoting contactless payment. And central banks in Singapore, Malaysia, Indonesia and Thailand are encouraging the use of low-cost, standardized quick response codes that allow merchants to accept payment solutions offered by various banks and nonbanks. … [Read more...] about SE Asia region adjusts to a cashless ‘new normal’