World Business Report

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The latest business and finance news from around the world from the BBC


Indian Parliament Backs Key Tax Bill

August 3rd, 2016

Episode 792 of 862 episodes

India's parliament has passed a long awaited Goods and Services Tax bill. The BBC's Shilpa Kannan explains why the country's economy is expected to receive a boost. Also in the programme, as mining giant Rio Tinto announces a massive investment in iron ore in Australia, we talk to its chief executive Jean-Sebastien Jacques. Olympic sponsors for the Rio games are paying more than ever before, in spite of controversies around issues like health and security. We find out why, from brand psychologist Jonathan Gabay. In Kenya, a group of Chinese nationals have been attacked by locals demanding a share of employment on a railway construction project. The BBC's Michael Kaloki fills us in on the details. Plus Alex Ritson asks whether companies are using Britain's decision to leave the European Union as an excuse for burying bad news.

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