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ANZ tips fiscal deficit of 3.3% for India in fiscal 2019

January 26, 2018

NEW DELHI – India’s  FY2019 (fiscal year ending March 2019) Union Budget, due next Thursday, February 1, will be the last full year budget of the Modi Government before the general election in 2019 – and the first full year budget under the GST regime. ANZ Bank expects the Government to set the FY2019 fiscal deficit at 3.3% of GDP, “higher than what the initial medium term consolidation path had warranted”. 

Xi stresses Party’s “absolute leadership” over political, legal work

January 23, 2018

BEIJING Chinese President Xi Jinping has stressed the Party's absolute leadership over political and legal work. Xinhua, China’s State newsagency, reports that Xi, who is also General Secretary of the Communist Party of China (CPC) Central Committee and Chairman of the Central Military Commission, made the statement in an instruction read at the central conference on political and legal work which opened in Beijing yesterday.

Singapore International Commercial Court to rule on international commercial arbitration

January 21, 2018

SINGAPORE - The Singapore Parliament has passed amendments relating to the Singapore International Commercial Court (SICC). The Supreme Court of Judicature (Amendment) Bill (No. 47/2017) principally aims to: (1) clarify the extent of the SICC's jurisdiction; and (2) streamline the SICC's procedures, says a Client Alert from lawyers BakerMcKenzie.

Xi Thought to be included in China’s Constitution?

January 22, 2018

BEIJING – China’s State newsagency is reporting that the Communist Party of China (CPC) Central Committee on Friday proposed writing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era into the Constitution.


 Major theoretical achievements, principles and policies adopted at the 19th CPC National Congress should be incorporated into a revision to the Constitution, according to a communique issued after the second plenary session of the 19th CPC Central Committee held in Beijing Friday. A proposal from the CPC Central Committee on the revision was adopted at the meeting, Xinhua said.