Difficulties in doing business
Wealth Insight|October 2021
Why familiarity with loopholes goes a long way in life and business
PUJA MEHRA

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.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM WEALTH INSIGHTView All

What drives free cash flows

...and how to use this understanding to pick winning stocks

8 mins read
Wealth Insight
December 2021

Economic policy sans economics

Sound economic policymaking demands healthy regard for technical expertise

4 mins read
Wealth Insight
December 2021

A digital push

The advent of tech-driven discount brokers has disrupted the industry.Here is a promising stock to profit from this trend.

3 mins read
Wealth Insight
December 2021

What's the logic?

In times of crisis, revisiting the investing thesis can be reassuring. What if there is none?

4 mins read
Wealth Insight
December 2021

'The medium-term view has turned cautious'

The medium-term view has turned cautious due to valuations moving higher, while the long-term view on equity remains positive.

2 mins read
Wealth Insight
December 2021

'Temper down expectations in the near term'

Corporate India is exiting from COVID-19 pandemic stronger than it entered into it. However, the key question is how much of this is already priced in.

2 mins read
Wealth Insight
December 2021

Conviction For Sale

Have you heard of this service we have where you can buy conviction? No? That’s because conviction about investments is something you have to create yourself.

4 mins read
Wealth Insight
November 2021

Equity Asset Allocation Through ETFs

ETFs can be added to your portfolio to complement the active counterparts and build a diversified portfolio

2 mins read
Wealth Insight
November 2021

Soft skills in investing

The most interesting takeaways from Morgan Housel’s book ‘The Psychology of Money’

5 mins read
Wealth Insight
November 2021

The ethanol opportunity

Thanks to the government-mandated blending of petrol with ethanol, ethanol manufacturers are in a favourable position. Here is a promising stock to profit from this theme.

3 mins read
Wealth Insight
November 2021
RELATED STORIES

Love, Non-violence, and Truth

DR. PRAKASH TYAGI is the Executive Director of Gramin Vikas Vigyan Samiti (GRAVIS), an NGO dedicated to working in impoverished rural regions of India, including the Thar Desert, Rajasthan, Uttarakhand, and Bundelkhand. In part 1 of this interview with KASHISH KALWANI, he speaks about applying the Gandhian principles of love, non-violence, and truth to support communities in need.

6 mins read
Heartfulness eMagazine
December 2021

WISDOM FROM MY FATHER

The tempo 1 was ready to depart. It was a short 30-minute journey from Bhatkal to Uppunda, a sleepy village in coastal Karnataka, India. My father, sister, and I were traveling together.

4 mins read
Heartfulness eMagazine
December 2021

GM's Exit From India Hits a Roadblock

The long-delayed sale of its plants to a Chinese company faces local labor and political opposition

5 mins read
Bloomberg Businessweek
November 22 - 29, 2021

Self- acceptance

ELIZABETH DENLEY has been a student of both science and spirituality all her life. Trained as a scientist, she turned her field of inquiry and research skills to the field of meditation and spirituality after starting the Heartfulness practices in the late 80s. Here she shares some thoughts on the importance of selfacceptance.

6 mins read
Heartfulness eMagazine
November 2021

The New Storytelling:We Are All Indigenous Global Citizens

WAKANYI HOFFMAN is a Global Education Specialist and founder of the African Folktales Project. In Part 2 of her interview with SARA BUBBER, Wakanyi shares the value of storytelling, passing down wisdom through generations, her Kikuyu culture, and how we are all indigenous global citizens.

7 mins read
Heartfulness eMagazine
November 2021

The Vaccine's Last Mile Problem

India is racing to vaccinate its villages, including many in remote and desperately poor areas where suspicion of the government’s motives runs deep

10+ mins read
Bloomberg Businessweek
November 15, 2021

India's Fintech Boom

A government-backed system of digital payments has set offa wave of innovation

3 mins read
Bloomberg Businessweek
November 08, 2021

THE GAME CHANGER

INSIDE DHD’S RECORD-SETTING DURAMAX

2 mins read
Diesel World
November 2021

Building Community Through Education

KIRAN BIR SETHI is changing the experience of childhood in Indian cities through her education curriculum and initiatives to build healthy relationships between students and their communities. Here she is interviewed by KASHISH KALWANI.

10+ mins read
Heartfulness eMagazine
September 2021

Granny Chic Galore!

A homeowner’s holiday décor is an homage to Christmas at her grandma’s house.

5 mins read
Cottages and Bungalows
FMD Christmas 21