BRICS
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With India ready for takeoff, Modi pauses over launch button
After his first 18 months in office, during which India’s economic prospects have brightened considerably, 2016 gives Prime Minister Narendra Modi a last window of opportunity for radical new policy initiatives. If he decides on a bold course, it would depart from the incremental approach that has characterized Mr. Modi’s term thus far.
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China’s growth puts wide-ranging tax reform high on Beijing's agenda
Communist China had no individual income tax before 1980 because personal earnings were so small. Today, in an era of high economic growth, its tax system is comparable with those in developed economies. But reform is inevitable - individual income tax comprised only 5.8 per cent of total revenue in ...
Slow demise of higher education stifles Russia’s economy
There is just one Russian university in the list of the world’s top 300. The collapse of funding for higher education has removed Russia from the global exchange of ideas, and its share of world trade in high-tech products stands at about one quarter of one per cent. With China ...
EU in quandary over Eastern Europe trade deal
President Vladimir Putin’s self-created image of statesman fielding the Syria crisis and hosting major summits is seen by many in the West as part of stealthy manoeuvring on his part to place Russia back into a position of Cold War-era power. And with that power has come increasingly vocal threats ...
Syria rebellion turns into an international war
Unlike the conflicts of the Arab Spring, the fighting in Syria has taken on an international aspect as the list of nations involved, directly or indirectly, has continued to grow. The West is no longer in control of the world’s power games, which makes resolution of the tragedy more complicated. ...
