The World Bank’s ‘Ease of Doing Business report is in the news again. This time for being stopped altogether after an investigation by an external Washington-based law firm showed that the Bank’s staff members had changed data in the 2018 and 2020 editions of the report on China to improve its ranking in the pecking order of countries. This, the investigation suggests, was done under pressure from the office of the then World Bank president Jim Yong Kim, the chief executive Kristalina Georgieva and one of her colleagues. Georgieva is now the managing director of the International Monetary Fund. Country rankings of Azerbaijan, Saudi Arabia and the UAE may also have been influenced, according to the findings.
The other piece of news is that after operating in India for 25 years, Ford Motor Company has announced that it is going to stop producing cars in India. General Motors and Harley-Davidson similarly closed factories in India earlier. General Motors left at the end of 2017, bringing to close its presence of two decades. The iconic brand Harley-Davidson stopped its assembly operations in 2020 after the Donald Trump administration had limited success in its efforts to persuade India to cut its import duties on imported motorcycles.
Esta historia es de la edición October 2021 de Wealth Insight.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 2021 de Wealth Insight.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Bad ideas, F&O trading and the market
Find out the mindset required to find success in F&O trading
Licence Raj Redux?
The import policy changes might take us back to the days of License Raj
How to do magic
Getting great equity returns sustainably only looks like magic, it actually isn't
Data protection and cyber security
The increasing need for cyber security is opening up investment opportunities
"Buying is dependent on pricing but not on timing"
Insights of a fund manager at PPFAS Mutual Fund
Pro vs Amateur
Can amateur stock investors be better than pros? Yes! Here's how
The dimming of Brightcom
Shedding light on irregularities at the Brightcom Group
First tryst with profitability
Find out if food aggregators have found a cure to their loss-making curse
Have We Crossed The Peak Of Inflation?
Find out if the present macro scenario calls for tweaking your portfolio strategy
Tomatonomics
The humour, the stories and what could have been done about tomato inflation
