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Keywords: 13347Z; 8176888Z; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CMD; COS; DRG; GOV; HEA; INDIA; INDUSTRIES; NRG; OIL; TOP; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 13347Z 8176888Z ALLTOP ASIA ASIATOP BUSINESS CHINA CMD COS DRG GOV HEA INDIA INDUSTRIES NRG OIL TOP WORLD WWTOP WWTOPAM WWTOPAS Finance chiefs from the world's biggest economies are holding their first gathering of the year Thursday and Friday, with the pandemic, inflation and taxes set to dominate talks. Here's a guide to the talks Thursday and Friday: Global Recovery Top of mind will be navigating a slowing global economy that faces broad-based inflation risks and a pandemic now in its third year. [Extracted from the article]

The article reports on the 2017 implementation of a value-added tax in India on the delivery of goods, to be known as the goods and services tax (GST). It describes the costly and complicated taxes previously charged by individual states and discusses the new tax brackets that will affect most goods. The article mentions the possibility of chaos in business logistics as the new paperwork is implemented, as well as the cost savings that will eventually take effect.

(Bloomberg) -- Explore what's moving the global economy in the new season of the Stephanomics podcast. Fed Chairman Jerome Powell is likely to signal again this week that monetary policy is on hold, buttressing the belief that he may steer clear of action through 2020. New Zealand's central bank left interest rates unchanged, defying widespread expectations of a cut and sending the local currency soaring. [Extracted from the article]

The article offers information on the decline in the exports from India and Indonesia in June 2019. Topics discussed include information on the impacts of trade tension between China and the U.S. on the Asia's export; discussions on the impact of tariff battles between China and the U.S. on the global economic growth; and the information on the U.S. President Donald Trump trade policy for European Union.

The U.S. will begin imposing duties on more Chinese goods Meanwhile, an outflow of European bankers from London is damping prices and rents in the capital's housing market, Bank of England policy maker Ian McCafferty said The U.S. will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks, while a Fed survey shows the escalating trade war has prompted about 30 percent of U.S. manufacturers to review their capital spending plans. [Extracted from the article]

Fitch and S&P declined to comment on Moody's action, and S&P reiterated Oct. 24 comments that "for an upgrade, India would have to address its weak fiscal balance sheet and weak fiscal performance." Both companies now rate India a notch below Moody's. Moody's is looking through the near-term political cycle ahead of state polls when "populism may overshadow reform momentum", according to Vishnu Varathan, Singapore-based head of economics and strategy at Mizuho Bank Ltd. [Extracted from the article]

New tax reform will reshape India's industrial landscape More than 150 countries have a value added tax or GST including Canada, Australia and the European Union, according to Deloitte. [Extracted from the article]

Bhattacharya expects loan resolution to quicken in four months The resolution process for bad loans has been delayed as the current tools offered by the RBI are inadequate and lenders have recently been focused on dealing with the fall out from Modi's cash ban, Bhattacharya said. [Extracted from the article]

RBI holds rates, a move predicted by just 8 of 44 economists "The decision by the Reserve Bank of India was a surprising one, but a prudent one", said Sonal Varma, chief India economist at Nomura Holdings Inc. "The focus needs to be more on the transmission of the rate cuts already delivered, rather than lowering the signaling rates much further". [Extracted from the article]

Trump's policy mix could slow planned U.S. investment abroad, and place curbs on immigration, especially the information-technology workers that India specializes in. While India ranks in the top ten nations that the U.S. buys goods from, the trade deficit between both is nowhere near the levels that has dragged China into Trump's cross hairs. [Extracted from the article]

Rajan sees role for IMF as backstop of central banks' swaps Ad-hoc liquidity facilities between central banks could be channeled through the Washington-based IMF, Reserve Bank of India Governor Raghuram Rajan told a gathering of regulators in Bali, Indonesia, on Monday. Menon didn't comment on the role the IMF could play, saying swaps are "best done through central banks given the speed at which central banks can move". [Extracted from the article]

China can avoid a financial crisis but growth will slow [Note: China has acknowledged some weaknesses in its data, and the new head of China's statistics bureau, Ning Jizhe, is pushing to raise their quality. [Extracted from the article]

China favors debt-equity swaps as India aims for fix by 2017 China and India are both grappling with escalating bad debt challenges lurking in their banking systems. Besides China's current policy makers, ratings firms and the International Monetary Fund have cited China's debt as a key risk facing the world's second-biggest economy. [Extracted from the article]

Indian central bank wants to avoid "wage hike spiral" Attribution Sam Nagarajan: editor Sandrine Rastello: by reporter Nupur Acharya: assist Enda Curran: by reporter Daniel Ten Kate: editor responsible Jeanette Rodrigues: editor. [Extracted from the article]