The clock is ticking in one of the largest Currency Experiments in the world. Yep today is the last day to exchange those bank notes abruptly scrapped by the indian govt last month. The Prime Minister calls it a success but what do ordinary indians think about it all . And the big boss of the worlds 3rd Largest Pension Fund looks set to be arrested for abuse of power and giving false testimony. Its just another sth korean Corruption Scandal were going live to seoul to get the latest. Welcome to World Business report im aaron heslehurst. If you are walking past the telly, stay where you are fought little bite of finance. Today is the last chance for indians to deposit, in banks, any of the cash, those 500 1000 rupee notes the government abruptly scrapped last month. Its an unprecedented experiment in a society where cash is king. 85 of the bank notes in circulation have been withdrawn. The governments aim is to crack down fake notes and corruption. But as Yogita Limaye reports from mumb
major world economy. it s also one of the major leading players in the group of emerging economies who are talking up the idea of a common trade currency to counter the dollar. so, could they become the trading block of the future? i m going to be discussing all of that and more with these two. there they are. the man who first coined the phrase the brics, and a former central bank economist from brazil. also on the show, shining bright like a diamond. yeah, the shiny rocks have been one of the big winners post pandemic. but can they keep their lustre in a shaky global economy? i m catching up with the big boss of the world s biggest diamond supplier. wherever you rejoining me from around the world, once again, a big hello, and a warm welcome to the show.
economist from brazil. also on the show, shining bright like a diamond. yeah, the shiny rocks have been one of the big winners post pandemic. but can they keep their lustre in a shaky global economy? i m catching up with the big boss of the world s biggest diamond supplier. wherever you rejoining me from around the world, once again, a big hello, and a warm welcome to the show. you know, back in 2001, a directorfrom goldman sachs, jim o neill, now lord o neill, coined the phrase the brics, an acronym for what he gauged were the countries with the highest growth potential that would dominate the global economy by the middle of this century. so, brics, we re talking about brazil, russia, india,
away from us dominance, as some of our biggest emerging economies are showing us what economic growth is all about? india, it s sitting pretty at the top of the pack, growing faster than any other major world economy. it s also one of the major leading players in the group of emerging economies who are talking up the idea of a common trade currency to counter the dollar. so, could they become the trading block of the future? i m going to be discussing all of that and more with these two. there they are. the man who first coined the phrase the brics, and a former central bank economist from brazil. also on the show, shining bright like a diamond. yeah, the shiny rocks have been one of the big winners post pandemic. but can they keep their lustre in a shaky global economy? i m catching up with the big boss of the world s biggest diamond supplier.