One of the issues businesses that operate internationally have to deal with is the varying laws and policies across different nation states. The United States for instance has the Foreign Corrupt Practices Act(FCPA) which is a law passed in 1977 listing prohibitions against bribery by U.S. businesses and individuals to foreign entities in a bid to promote and secure business deals. The law is also applicable to non-American businesses listed on US stock exchanges or have operating subsidiaries i
Finance Minister of India Mr. Arun Jaitley announced a massive Rs.6.92 lakhs crore infrastructure spending and another Rs.2.11 lakh crore for bank re-capitalization to strengthen Indian economy as the economy was weakened to 5.7% in the April-June 2017 quarter due to demonetization and implementation of new taxation system called GST (Gross Sales Tax).
The cabinet headed by Prime Minister Mr. Narendra Modi, passed the proposal of Rs. 6.92 lakh crore investment in building 83,677 km of road over t
I have been reading some articles about regional economic integration and I do believe that it helps the globe with trade. The issues that really stood out with regional economic integration was having one currency between the countries that are trading. When Greece had their financial crisis recently they had a hard time trying to bail out, because they were using the Euro as their official currency. Using the Euro did not help, because Greece could not have any say in their monetary policy, wh
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