China kicks off parliament season to remove term limit for Xi Jinping

As he set to cement his power removing two term limit, Chinese President Xi Jinping plans to appoint four Vice Premiers to work on popular programmes like poverty relief, environmental protection and improving economy which would enhance his image at home.
Speculation about the appointment of four Vice Premiers came as China today commenced its well-choreographed annual parliament which was expected to endorse the ruling the Communist Party of China (CPC) proposal to amend the Constitution removing the two-term rule for President and Vice President.
China now has two Vice Premiers.
The proposal sparked off speculation that Xi who is on course to become modern China's Emperor, wielding unquestionable power exercised by the party founder, Mao Zedong in the heydays of revolution is working on populist agenda which would contribute to his public image.

Budget 2017 expected to be market-neutral: Morgan Stanley

Latest News - The Union budget is going to be a "market-neutral" event as policymakers are not likely to change their policy stance and will continue to focus on fiscal consolidation, says a Morgan Stanley report.

"We do not expect major changes in the conduct of fiscal policy and hence, view the budget as a market-neutral event," Morgan Stanley said in a research note.

The Union budget for 2017-18 is due to be presented on February 1.

According to Morgan Stanley India Strategist Ridham Desai, the budget's influence on (Read More)