By Dhirendra Kumar It’s hard to recognise something that does not follow an expected pattern or fit a conventional template. For investors and analysts, this is the exact case while observing the wave of reforms that is happening in the Indian economy. These changes on Indian businesses are deep and hugely impactful but since they don’t fit the established ‘reforms template’, all of us talking heads sometimes fail to recognise them. Last week, I had an opportunity of participating in an interesting discussion organised by S&P Dow Jones Indices. While listening to the astute insights of the speakers, I realised that, to some extent, we are all prisoners of what we think is implied by the word ‘reform’. Most of us have this conventional idea in our head as to what ‘economic reforms’ are. Mostly, it’s the 1991 template that was first created by the PV Narasimha Rao government. Lower tariffs, no licensing, foreign ownership, free … [Read more...] about What’s an economic reform, as we know it?
The warren buffett
NEW YORK: MacKenzie Bezos, soon-to-be ex-wife of Amazon founder Jeff Bezos, has promised to donate half her fortune to charity, joining the ranks of the world's ultra-wealthy philanthropists, the Giving Pledge has announced. The charitable organisation, founded in 2010 by Warren Buffett and Bill Gates, listed MacKenzie Bezos, an American, among 19 new signatories of the pledge from China, Switzerland, the United Arab Emirates and Britain. She instantly became one of the world's wealthiest individuals in April, gaining a net worth estimated at $36 billion after finalising the terms of her divorce with Jeff Bezos, the world's richest man. MacKenzie is going to be amazing and thoughtful and effective at philanthropy, and I’m proud of her. Her letter is… https://t.co/YoohADeiiG— Jeff Bezos (@JeffBezos) 1559050724000 "In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share," MacKenzie Bezos said in a letter … [Read more...] about Jeff Bezos’s ex-wife MacKenzie joins billionaire philanthropist club, pledges $13 mn to charity
Email By Bridget Rollason Updated November 21, 2019 17:55:55 Photo: Phone conversations recorded in 2018 between developer John Woodman and landowners has been played before a corruption hearing. (Watsons) Map: Melbourne 3000 A Victorian corruption hearing investigating whether developer John Woodman bribed City of Casey councillors has heard recordings of phone calls where he discussed "paying off" Aboriginal groups for favourable land deals.WARNING: This article contains offensive language. Key points:The IBAC hearing was played recordings of calls between Mr Woodman and two landowners.In the recordings Mr Woodman discussed "paying off" Aboriginal groups for a favourable land dealsThe inquiry also heard Mr Woodman paid Aboriginal site monitors to leave areas where his companies were developing land The Independent Broad-based Anti-corruption Commission inquiry was played recordings of two calls, collected covertly between Mr Woodman and two landowners in 2018, in which … [Read more...] about Developer John Woodman admits ‘paying off’ Aboriginal groups in phone calls played at corruption hearing
Democrats spent more time making the case for their ability to beat President Donald Trump than trying to defeat each other in their fifth debate Wednesday night. Civil in tone, mostly cautious in approach, the forum did little to reorder the field and may have given encouragement to two new entrants into the race, Mike Bloomberg and Deval Patrick. Key takeaways:Impeachment cloud hoversThe impeachment inquiry of President Donald Trump took up much of the oxygen early in the debate. The questions about impeachment did little to create much separation in a field that universally condemns the president. The candidates tried mightily to pivot to their agenda. Massachusetts Sen. Elizabeth Warren talked about how a major Trump donor became the ambassador at the heart of the Ukraine scandal, and reiterated her vow to not award ambassadorships to donors. Former Vice President Joe Biden tried to tout the investigation as a measure of how much Mr. Trump fears his candidacy. Impeachment is … [Read more...] about Takeaways from the fifth Democratic presidential debate
The four-year-old is returning from a 12-week let-up to run in a Class 2 Handicap after an impressive debut at Gosford in July when he led all the way to score by 1¼ lengths. Even though Liberty Sun is stepping up two grades from that maiden win, McFarlane is confident he can get the job done. “He’ll handle it. Nothing seems to bother him too much,” he said. “He’s going along nicely and he’s a nice horse on the rise, so hopefully he can keep progressing. Stream over 50 sports Live & On-Demand with KAYO SPORTS on your TV, computer, mobile or tablet. Just $25/month, no lock-in contract. Get your 14-day free trial and start streaming instantly > Trainer Greg McFarlane expects Liberty Sun (not pictured) to run well at Gosford. Picture: Mark ScottSource:News Corp Australia “On paper it looks fairly simple. He likes to roll forward and that’s what he’ll do. “He’s got a high cruising speed and I expect him to … [Read more...] about Raceday focus: Best bets and inside mail for Gosford and Orange