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From the Newsroom at Davos: Live Updates From World Economic Forum 2015
| Updated: January 23, 2015 21:04 IST
Why we need institutions to solve the world's problems, by Prof Klaus Schwab http://t.co/qeWnnvqYTp#wef#wef15pic.twitter.com/gpgC8rDnl2
- World Economic Forum (@wef) January 24, 2015Mood Extraordinarily Upbeat About India: Tech Mahindra CEO
Noting that excitement among WEF participants about India is palpable, Mr Gurnani said that most people he has met were upbeat about India.
Noting that excitement among WEF participants about India is palpable, Mr Gurnani said that most people he has met were upbeat about India.
Internet of Things to Create Job Growth in India: John Chambers
"We are doubling down on India," the Cisco chief said.
"We are doubling down on India," the Cisco chief said.
New Spirit in India Under PM Modi: Infosys Chief Vishal Sikka
"That is the key ingredient," Mr Sikka said.
"That is the key ingredient," Mr Sikka said.
After Jan Dhan Scheme, Modi Government Eyes Another World Record
"Clearly energy is one sector where there is lot of excitement and interest that I am seeing from across the world," Power and Coal Minister Piyush Goyal said.
"Clearly energy is one sector where there is lot of excitement and interest that I am seeing from across the world," Power and Coal Minister Piyush Goyal said.
Coming up an interview of Bill and Melinda Gates with Dr Prannoy Roy at the World Economic Forum
Confident of India Hitting the Higher Growth Path: Arun Jaitley at NDTV Debate at Davos
- Confident of India hitting the higher growth path
- Instead of concentrating on high growth rates, we went into debates on what is pro-poor and pro-rich in the past 10 years
- India had lost out to competing with China
- Investors are likely to judge us by the direction we have been following in the past 8 months
- Mere lip talk will not help, we must have a fair tax regime
- Investors will invest only if there is a stable, non-adversarial tax regime in India
- Those who are supposed to pay taxes must pay taxes
- Opening up of railways and defence is not a small reform
- Government has taken a lot of steps to accelerate growth through reforms
- We have a more liberal FDI policy that anywhere in the world
- One of the great setbacks of the last decade has been credibility of government declined
- India has unrealistic laws in the modern era of liberalization
- No government can risk giving spectrum for free after the 2G verdict in India
- We must not allow economic agenda to be derailed
- The fundamentals of our economy are strong
- We are in a position to absorb the shocks if oil prices go up and still grow
Instead of concentrating on high growth rates, we went into debates on what is pro-poor and pro-rich in the past 10 years: Arun Jaitley at Davos debate
Confident of India hitting the higher growth path: Finance Minister Arun Jaitley at Davos debate
Finance Minister Arun Jaitley, noted economist Nouriel Roubini, ICICI Bank CEO Chanda Kochhar and Hari Bhartia, co-chairman and founder of Jubilant Life Sciences, at NDTV's World Economic Forum Debate in Davos. Watch this space for more
Finance Minister Arun Jaitley before NDTV's Davos debate session. Watch this space for more
John Chambers, chairman of the board and CEO of Cisco Systems Inc, in conversation with NDTV's Vikram Chandra. Watch this space for more
Vikram Chandra: Last year the hall was half empty for the NDTV-#WEF debate on India. This year it was fully signed up days ago! #NDTVAtDavos
Vikram Chandra: What a difference a year can make at #WEF! Last year total pessimism about India, this year total optimism! #NDTVAtDavos
Infosys CEO Vishal Sikka Speaks to NDTV's Prannoy Roy at Davos: Highlights
- We can do a lot more in India.There is amazing energy in India.
- Infosys encouraging start up companies
- Infosys commits Rs 1500 crore for new entrepreneurs
- Entrepreneurial spirit rising in India
- Biggest strength of Infosys is its ability to educate
Jan Dhan Yojana Turns a Big Hit in Davos
After making financial history and entering the Guinness World Records, the Narendra Modi government's financial inclusion scheme Jan Dhan Yojana is creating a big buzz in Davos
After making financial history and entering the Guinness World Records, the Narendra Modi government's financial inclusion scheme Jan Dhan Yojana is creating a big buzz in Davos
Vikram Chandra: The NDTV-#WEF debate on the future of India is today. Big panel with @arunjaitley, @Nouriel, Chanda Kocchar, Hari Bhartia. #NDTVAtDavos
Deutsche Bank Co-CEO, Anshu Jain Speaking to NDTV's Prannoy Roy at Davos: Highlights
- US labour costs have dropped dramatically
- Make in India' campaign signals an export tilt
- Europe has come a long way in two years
- ECB's move is very significant
- Low euro to make exports competitive
- US recovery has been astonishing
- Raghuram Rajan has handled the situation well
- RBI Has room to manoeuver on rates
- China's growth will be more realistic now
- India needs to create a million jobs per month
- Need to expand manufacturing in India
- Ease of doing business biggest challenge for India
- Expect next budget to be more focussed on growth
- Impressed with foreign policy initiatives by NDA government
- Deutsche Bank committed to becoming bigger in India
- Would have been a journalist if not a banker
We will make it easy to do business: Coal and Power Minister Piyush Goyal to NDTV at Davos
India 'most important but difficult country' in climate change talks, says policy expert http://t.co/zOKEvYkTdA
- NDTV (@ndtv) January 23, 2015What a panel! Facebook, Google, Microsoft and Vodafone on the future of the Internet. #WEFpic.twitter.com/oL2W1CmNyh
- Vikram Chandra (@vikramchandra) January 22, 2015 NDTV's Prannoy Roy speaks to Deutsche Bank's co-chief executive officer Anshu Jain at WEF. Watch this space for more.
India-US Share a Mature Relationship, Can Survive Differences: Jaitley
India and the United States have a mature relationship, Finance Minister Arun Jaitley told NDTV at the World Economic Forum in Davos, ahead of US President Obama's visit to India.
India and the United States have a mature relationship, Finance Minister Arun Jaitley told NDTV at the World Economic Forum in Davos, ahead of US President Obama's visit to India.
Obama Visit to Boost Business Ties, Say Top CEOs
NDTV spoke to some of the top CEOs at the Davos meet on what they expect from the US President's visit.
NDTV spoke to some of the top CEOs at the Davos meet on what they expect from the US President's visit.
Government Should Make More Spectrum Available: Qualcomm
There is going to be an increasing need for spectrum, Qualcomm Incorporated president Derek Aberle told NDTV.
There is going to be an increasing need for spectrum, Qualcomm Incorporated president Derek Aberle told NDTV.
Why did #Europe launch #QE? @JeffreyDSachshttp://t.co/EQ1sJpicDp#Eurozonepic.twitter.com/fN8Q0mfPX1
- World Economic Forum (@wef) January 22, 2015Anshu Jain, co-CEO of Deutsche Bank, with NDTV's Dr Prannoy Roy. Watch this space for more.
Had a panel of American CEOs with high hopes from the Obama visit. They felt the US must treat India as a key partner. #NDTVAtDavos
- Vikram Chandra (@vikramchandra) January 22, 2015 Infosys CEO Vishal Sikka speaking with NDTV's Dr Prannoy Roy. Watch this space for more.
Had a panel of American CEOs with high hopes from the Obama visit. They felt the US must treat India as a key partner. #NDTVAtDavos
- Vikram Chandra (@vikramchandra) January 22, 2015
Amazing optimism about the India story once again at WEF! Let's hope it is justified! #NDTVAtDavos
- Vikram Chandra (@vikramchandra) January 22, 2015We Should Not be Too Focused on Budget: Vishwarup Narain of TPG India
"We should look at what has the government done over the last eight months," he said.
"We should look at what has the government done over the last eight months," he said.
Global Growth Not Deflation is Biggest Risk: David Rubenstein
Though deflation is a risk for Europe, growth represents the biggest threat to the global economy, said Mr Rubenstein, co-founder and co-CEO of Carlyle Group.
Though deflation is a risk for Europe, growth represents the biggest threat to the global economy, said Mr Rubenstein, co-founder and co-CEO of Carlyle Group.
Vikram Chandra: Had a panel of American CEOs with high hopes from the Obama visit. They felt the US must treat India as a key partner. #NDTVAtDavos
Vikram Chandra: Amazing optimism about the India story once again at WEF! Let's hope it is justified! #NDTVAtDavos
Billions of investments expected in energy sector. Power Minister Piyush Goyal speaks to NDTV at WEF
We Are Not a High Tax Government: Arun Jaitley at Davos
- Hopeful of Passage of GST Bill in Next Parliament Session
- This government had a mandate to move fast and were moving at a rapid pace
- Low food prices have helped in maintaining low inflation
- States getting lower revenues but advantages of low oil are too many
- If we continue to take decisions at the pace we are, India will grow much faster
- Adversarial tax policy had scared investors away
- We are coming up with non-adversarial tax policies
- Creating procedures for advance rulings on tax liabilities
- We will not resort to sovereign power of retrospective taxation
- Creating procedures for advance rulings on tax liabilities
- Will rationalise subsidies and not abolish them
- On track to bring down the fiscal deficit target to 3% over the next couple of years
- Moving from cooperative federalism to competitive federalism
- Withdrawal of MAT is not easily possible
- We are narrowing down the areas of differences with the US and expanding areas of cooperation
- India and Russia have always been good friends
Declining crude prices have helped in cutting subsidies, current account deficit and in bringing down inflation: Arun Jaitley
Finance Minister Arun Jaitley says government has a mandate to act fast, we are moving in right direction
A 100 bps policy rate cut from the RBI this year could make a meaningful impact: Chanda Kochhar of ICICI Bank to NDTV
In last few months deposits rate have softened, so lending rates may be lowered this quarter: ICICI Bank chief Chanda Kochhar to NDTV
India Has More Evidence on Black Money in Swiss Accounts: Jaitley
Finance Minister Arun Jaitley shared the details of his meeting with economy and finance ministers of Switzerland. He spoke with NDTV's Shweta Rajpal Kohli on the sidelines of the World Economic Forum in Davos.
Finance Minister Arun Jaitley shared the details of his meeting with economy and finance ministers of Switzerland. He spoke with NDTV's Shweta Rajpal Kohli on the sidelines of the World Economic Forum in Davos.
What's the wider impact of #QE? #futurefinance Co-CEO @DeutscheBankAG Anshu Jain https://t.co/VPJRELNL67
- World Economic Forum (@wef) January 22, 2015#ndtvatdavos ICICI's Chanda Kochhar and SBI's Arundhati Bhattacharya at 'Make in India' lounge in Davos. pic.twitter.com/fcfPQJRYda
- NDTV Profit (@NDTVProfit) January 22, 2015Interviewed Nobel prize winner Venki Ramakrishnan on the battle against antibiotic resistant bacteria. #NDTVatDavospic.twitter.com/3aMVp7zZQi
- Vikram Chandra (@vikramchandra) January 21, 2015Oil Prices to Rebound by Year-end: OPEC Chief
Earlier on Wednesday, International Energy Agency's chief economist Fatih Birol also said that he expects prices - hovering at April 2009 lows - to rebound later this year.
Earlier on Wednesday, International Energy Agency's chief economist Fatih Birol also said that he expects prices - hovering at April 2009 lows - to rebound later this year.
Al Gore tells #WEF that global warming is a stark reality, but the good news is that we are ahead of targets on renewable energy.
- Vikram Chandra (@vikramchandra) January 21, 2015Davos 2015: best pictures from day one: http://t.co/IlJmrhwExrpic.twitter.com/5Z6R0CsjV6
- World Economic Forum (@wef) January 21, 2015Few Good Steps on Black Money Talks With India: Swiss Finance Minister
Swiss Finance Minister Eveline Widmer Schlumpf has assured her Indian counterpart Arun Jaitley that the country is moving towards an automatic exchange of information and that they are hoping to introduce the new model in 2017.
Swiss Finance Minister Eveline Widmer Schlumpf has assured her Indian counterpart Arun Jaitley that the country is moving towards an automatic exchange of information and that they are hoping to introduce the new model in 2017.
A Lot in Pipeline for Global Investors: Arun Jaitley
If India continued in the course that it had taken in the last seven-eight months, "there is a lot that we can attract", the Finance Minister said.
If India continued in the course that it had taken in the last seven-eight months, "there is a lot that we can attract", the Finance Minister said.
Maharashtra Chief Minister Devendra Fadnavis at #WEF15 on why investors should come to his state https://t.co/OshtlVrNy3#ndtvatdavos
- NDTV (@ndtv) January 21, 2015Vikram Chandra: Interviewed Nobel prize winner Venki Ramakrishnan on the battle against antibiotic resistant bacteria. #NDTVatDavos
'Don't Relax. $45-50 Oil a Temporary Phenomenon'
Dr Fatih Birol of International Energy Agency told NDTV that oil prices could rise towards the end of the year.
Dr Fatih Birol of International Energy Agency told NDTV that oil prices could rise towards the end of the year.
India energy demand will rise significantly. Energy sector should be given top priority: Dr Fatih Birol
Don't get too relaxed. $45-50 oil a temporary phenomenon: Dr Fatih Birol of IEA to NDTV at Davos
India well positioned to take advantage of demand: SBI chief
Arundhati Bhattacharya, chief of India's largest lender, said the government has been looking at ways to get projects framed in a better manner.
Arundhati Bhattacharya, chief of India's largest lender, said the government has been looking at ways to get projects framed in a better manner.
Business Mogul Richard Branson to NDTV at Davos: World has a lot of respect the way India is going right now #WEF2015pic.twitter.com/qpljeXyp0q
- NDTV Profit (@NDTVProfit) January 21, 2015Business Mogul Richard Branson to NDTV at Davos: We are setting up global satellite system. India will benefit from it. #WEF2015
- NDTV Profit (@NDTVProfit) January 21, 2015Finance Minister Arun Jaitley to NDTV at Davos: #WEF2015 an apt opportunity to showcase India
- NDTV Profit (@NDTVProfit) January 21, 2015Finance Minister Arun Jaitley to NDTV at Davos: Definitely seeing a lot of enthusiasm about India at #WEF2015pic.twitter.com/DYtNt6Y5KG
- NDTV Profit (@NDTVProfit) January 21, 2015Virgin Group Founder Richard Branson to NDTV in Davos: India enormously exciting now
- NDTV Profit (@NDTVProfit) January 21, 2015Virgin Group Founder Richard Branson to NDTV in Davos: Bullish on aviation sector. Lower oil prices to benefit airlines
- NDTV Profit (@NDTVProfit) January 21, 2015Virgin Group Founder Richard Branson to NDTV in Davos: Willing to Bet on India #WEF2015
- NDTV Profit (@NDTVProfit) January 21, 2015Power Minister Piyush Goyal to NDTV at Davos: We are determined to push the reform agenda #WEF2015
- NDTV Profit (@NDTVProfit) January 21, 2015Power Minister Piyush Goyal to NDTV at Davos: There is no roadblock to PM Modi's agenda
- NDTV Profit (@NDTVProfit) January 21, 2015Power Minister Piyush Goyal to NDTV at Davos: People are looking up to investments in India. They see a revived sentiment in India #WEF2015
- NDTV Profit (@NDTVProfit) January 21, 2015Power Minister Piyush Goyal to NDTV at Davos: India is the flavour of the season #WEF2015pic.twitter.com/RRidoIMg4p
- NDTV Profit (@NDTVProfit) January 21, 2015SBI chief Arundhati Bhattacharya to NDTV in Davos: Financial inclusion and direct transfer of benefits can help in plugging subsidy leakage
- NDTV Profit (@NDTVProfit) January 21, 2015SBI chief Arundhati Bhattacharya to NDTV in Davos: This year there is much more interest in India than last year #WEF2015
- NDTV Profit (@NDTVProfit) January 21, 2015NDTV's Vikram Chandra from Davos: At the session on New Digital Context some fascinating insights into the direction the world is about to take. Participants say that companies that can't master Big Data will be faced with extinction. They also said that most companies aren't concerned enough about the security of their data. Most companies have already been broken into, and everyone needs to consider encryption.
Dr Fatih Birol of International Energy Agency to NDTV: India should not relax about low oil prices
- NDTV Profit (@NDTVProfit) January 21, 2015Make the most of low oil prices which could be a temporary phenomenon: IEA's message to India #WEF2015
- NDTV Profit (@NDTVProfit) January 21, 2015Abundant supply and weak global cut driving oil prices lower: Dr Fatih Birol, chief economist of International Energy Agency #WEF2015
- NDTV Profit (@NDTVProfit) January 21, 2015"Building the India of our dreams". It will be a big theme at Davos! pic.twitter.com/P6xEDUzmZy
- Vikram Chandra (@vikramchandra) January 21, 2015What are the key sessions to look out for during Davos 2015? Your day-by-day guide: http://t.co/qEr1YGKZWz#wef15pic.twitter.com/RfhpaAADP5
- World Economic Forum (@wef) January 21, 2015Black money talks: Finance Minister Arun Jaitley to meet his Swiss counterpart in Davos today #WEF2015
- NDTV Profit (@NDTVProfit) January 21, 2015India Back in Reckoning at Davos, Say Business Leaders
The highlight of the World Economic Forum annual meeting this year at Davos is PM Narendra Modi's pet project 'Make in India'.
The highlight of the World Economic Forum annual meeting this year at Davos is PM Narendra Modi's pet project 'Make in India'.
Vishal Sikka has Brought Lots of Positivity to Infosys: Pravin Rao
Infosys has been called a company in transition for a while now, but the management seems to have moved on. NDTV's Prashant Nair caught up with Infosys chief executive officer Pravin Rao in Davos.
Infosys has been called a company in transition for a while now, but the management seems to have moved on. NDTV's Prashant Nair caught up with Infosys chief executive officer Pravin Rao in Davos.
Blog: Indian CEOs Most Confident, Seems India Has Got Back its Mojo
While the PM Modi deserves credit for changing the mood around in India, crashing oil prices have helped India too, giving our oil guzzling country a fresh lease of life.
While the PM Modi deserves credit for changing the mood around in India, crashing oil prices have helped India too, giving our oil guzzling country a fresh lease of life.
Obama's Visit Won't be a Watershed Event: Wipro CEO
T K Kurien also said that too much is being made of the layoffs in the IT industry, as dropping non-performers out of teams is normal for every enterprise.
T K Kurien also said that too much is being made of the layoffs in the IT industry, as dropping non-performers out of teams is normal for every enterprise.
US Bright Spot for Davos CEOs in Troubled Global Economy
Chief executives are more worried than a year ago about the global economic outlook, as deflation stalks Europe and commodity prices wilt.
Chief executives are more worried than a year ago about the global economic outlook, as deflation stalks Europe and commodity prices wilt.
Blog: The Strange Power of Davos
Globally, the big talking point likely will be - is global disinflation now one of the biggest worries following the collapse of oil prices.
Globally, the big talking point likely will be - is global disinflation now one of the biggest worries following the collapse of oil prices.
India has changed. But Maharashtra has changed more: Fadnavis
Speaking exclusively to NDTV ahead of his departure, the Maharashtra Chief Minister said, "I'll be speaking on two major issues. One is food security and the other is biotechnology.
Speaking exclusively to NDTV ahead of his departure, the Maharashtra Chief Minister said, "I'll be speaking on two major issues. One is food security and the other is biotechnology.
WEF Managing Director Lee Howell putting final touches to preparations inside the Congress Centre
WEF to Open Six Sessions for General Public
WEF calls it 'Open Forum Davos' and the six sessions would dwell on current affairs, globalisation, immigration, religion, democracy and pandemics.
WEF calls it 'Open Forum Davos' and the six sessions would dwell on current affairs, globalisation, immigration, religion, democracy and pandemics.
Private Jets, Choppers Ferry Global Elite to WEF Meet
Nearly 2,000 private jets have been commissioned, mostly by business leaders, to attend the Davos meeting.
Oil Slump to Help Global Growth, India Looks Promising: Study
India may outsmart China in terms of growth rate in a few years, global analytics and information services major HIS said here on the first day of WEF's annual meeting.
India may outsmart China in terms of growth rate in a few years, global analytics and information services major HIS said here on the first day of WEF's annual meeting.
Davos: From Medical Tourism to Skiing to Economic Talk Fest
Once famous for being a summer health resort, Davos has gradually emerged as a major winter sport hub on Alps, but its biggest claim to fame for the past four decades has been World Economic Forum's Annual Meeting every January, beginning 1971
The best advice I've received: Never stop studying http://t.co/33QmpgxWDR#work#education#leadershippic.twitter.com/QQ7rG6tKE7
- World Economic Forum (@wef) January 20, 2015Year of Disasters Sinks Trust in Business and Governments
The annual Edelman Trust Barometer, released in Davos, showed a sharp decline in trust across the board with faith in governments, business, media and non-governmental organisations (NGOs) below 50 per cent in two-thirds of countries.
Over 5,000 Army Personnel at Work to Secure WEF Meet
Swiss Armed Forces have deployed 5,000 personnel to secure this remote town that has a population of about 10,000 and will host over 2,500 of the global elite through this week.
Swiss Armed Forces have deployed 5,000 personnel to secure this remote town that has a population of about 10,000 and will host over 2,500 of the global elite through this week.
Its a Costlier Davos for Worlds Rich and Powerful at WEF
As the rich and powerful from across the world began descending on this Alpine resort town on Tuesday, they are finding everything costlier -- thanks to an unprecedented rally in local currency Swiss franc's valuation.
As the rich and powerful from across the world began descending on this Alpine resort town on Tuesday, they are finding everything costlier -- thanks to an unprecedented rally in local currency Swiss franc's valuation.
Flags hang on the roof of the Congress Hall were the World Economic Forum will take place in Davos, Switzerland
Technicians setting up signs outside the Congress Hall in Davos, Switzerland
ILO Chief Laments Failure to Tackle Inequality at Davos
World leaders meeting in Davos this week are likely to agree that inequality is a problem but unlikely to do anything about it, the head of the International Labour Organization said.
World leaders meeting in Davos this week are likely to agree that inequality is a problem but unlikely to do anything about it, the head of the International Labour Organization said.
Who's coming to #Davos 2015? http://t.co/2f2WqMLlmA#wef15pic.twitter.com/xBKyxjEbPr
- World Economic Forum (@wef) January 19, 2015Professor Klaus Schwab on Davos 2015 http://t.co/3W7uYs2hk8#wef15pic.twitter.com/eMbAXDZ8CG
- World Economic Forum (@wef) January 19, 2015WEF Founder Urges Unity Against Dangerous Risks
Klaus Schwab also told The Associated Press that the big risk now is the world moving into a cycle of deflation.
Klaus Schwab also told The Associated Press that the big risk now is the world moving into a cycle of deflation.
Why social entrepreneurs are crucial to Davos 2015 http://t.co/VqHglw4KLIpic.twitter.com/WBPGGVfqDO
- World Economic Forum (@Davos) January 19, 2015India's solar power innovation http://t.co/AuBnYKq2TGpic.twitter.com/IDgpYJVu5Y
- World Economic Forum (@Davos) January 19, 2015The pandemic risk in today's cities http://t.co/y3xYV29LYWpic.twitter.com/vt6tS0i5yT
- World Economic Forum (@Davos) January 19, 2015Richest 1% to Have More Than Everyone Else in the World by Next Year: Oxfam
"The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast," Oxfam executive director Winnie Byanyima said.
"The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast," Oxfam executive director Winnie Byanyima said.
Davos predictions: Win some, lose some http://t.co/ssCvsCJ4Co
- NDTV Profit (@NDTVProfit) January 19, 2015
World Economic Forum Warns Over International Conflicts
Geopolitical issues are considered to be the biggest threat to global stability over the coming decade, according to experts polled by the World Economic Forum.
Geopolitical issues are considered to be the biggest threat to global stability over the coming decade, according to experts polled by the World Economic Forum.
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Published: January 19, 2015 16:23 IST
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