e.u. candidate states montenegro competition is good but is it in this case. this is business as. they usually reelected government of india has promised an easing of foreign investment rules and more infrastructure spending it wants to boost flagging growth rates and create jobs it's about time china has not leap frogged india is the world's fastest growing major economy with unemployment in ages because the economy at its highest since the 1970 s. . india's finance minister laid out her plans to double the size of the economy a campaign promise of prime minister narendra modi. pietersen rather within our capacity to reach the prize trillion you responders in the next. we need to invest heavily in infrastructure in digital economy and on job creation in small

and medium forms india has been striving to modernize its economy but with unemployment at levels not seen since the early 1970 s. more needs to be done. the government's plan calls for new foreign direct investment in sectors like aviation media and insurance a cash injection for banks aims to end a credit crunch and there'll be tax relief for startups moves analysts say could boost the broader economy. if the macro numbers improve and things become more conducive to the money will flow to the broader market as well it's another step as india aims to emerge from china's shadow to become the world's fastest growing big economy. interesting plans but will they work let's bring in their josie john a business writer based in bangalore india targets in g.d.p. of 5 trillion us dollars by 2024 that's nearly doubling today's g.d.p.

i call that ambitious wouldn't you absolutely it does it and she's got it and the she needs to. just lie to the gods or you can journey. we've really for sure but doing it 5 years ago you have to rule for. us to do to achieve that number to be sure india has gotten us to that what about the water you know that you know is that on us one important point in this plan is a massive infrastructure investment something india desperately needs but can the country finance that by itself. one of the big things introduced by that was a big push in infrastructure across sectors and on stands and how saying really. what ways evy share a bunch of announcements and estimate is that india needs about $1.00 trillion

dollars in the next 5 years to be able to finance this example and gets to build up $20000000.00 houses in the next 3 years to have houses for all of its population now they don't stick at 50 and don't get markets just don't have that kind of debt and india will need to have each other all sort of thought was sure still kind of release that money out of the government already today announced that they usually go insolvent bartz and that's when you are the expansion blat. and the government also said that india wants to be the detroit to elect to electric cars how realistic is that. that isn't vicious too but in the right direction india has sunlight which can buy our solar panels for $300.00 days ago it's a natural resource that the countries we steam and involving massive amounts of petroleum to to run it because on its route saw the you didn't isn't certainly in the right direction but the question is of numbers china is the world's largest

electrical market and the scalable 1800000 a trick that your india sealed a few new few 1000 cars last year and a few 1000 oaks because last year so it's going to be a long ass but then to have the kind of proposals meet today i did that i did actually one as the car manufacturers. to manage facto 2 cars have been after more than half in fact and in fact and there's a lot of subsidy being given wanting to sleep on card rooms if i were to buy of electric up but will you give me to detroit of the world of the electric car what we should have that conversation in 5 years from now get those in jhana bangalore thank you very much. dodge a bank says the head of its ailing investment division garth ritchie is stepping down at the end of july he's been blamed for the divisions weak results the bank supervisory board is expected to meet on sunday to discuss a multi-billion dollar restructuring which could see as many as $20000.00 jobs cut

plans are also being floated to create a separate corporate bank to streamline services now spread right across germany's biggest lender. now this goes straight to our financial correspondent in frankfurt card what does that mean for b.m.w. for dodge a bank rather b.m.w. is coming up in a moment and is he really the only one responsible for the weak results. well of course it's always a lot of people who you know. cause problems at a large company like deutsche bank people now here are speculating what this means for deutsche bank will the bank potentially give up all of its investment banking but people who closely watch and monitor the banking sector are convinced no that will not be the case the bank is likely to keep only those parts of its investment

banking business which are profitable and which are likely to remain so the currency trading business for example parts of the bond trading business and parts of the i.p.o. and m. and a consulting business for example christians even the c.e.o. of bank is likely to want to make sure that the market to see is the overhaul he's now planning not to be too little too late of course now everyone in the markets and here in frankfurt in particular is expecting next sunday when we will probably get the details of the plan call and stay where you are because you know executives in germany are dropping like flies today the c.e.o. of b.m.w. how about his will also leave his position when his current term runs out in april the company plans to talk about a successor at its supervisory board meeting later this month has been at the steering wheel of b.m.w. since 2015 the company has slashed profit expectations citing the growing cost of

meeting higher emission standards and large investments in new technologies google has been criticized for b.m.w. slow shift towards electric mobility. now back to contribution what does that mean for b.m.w. . well mr tip's the man who is going to be the successor of mr cook has a reputation of being tough then mr kluger who as a boss was very much as a moderator he also tried to moderate pretty much the car make up between those old technologies large combustible engines for large s.u.v.s and sports cars and all the other hand you cars the quanta family which is the majority's shareholder at b.m.w. was said to be unhappy with this strategy of trying to go both ways there are said to blame mr krueger for giving up some of the competitive edge that you had with

electrical engines in the past so it's likely that we are going to see a bold move towards the future for the car maker on models in france for thank you . the european union has spent several years trying to advance the economies of the western balkans it's got competition on its hands and montenegro china is pumping funds into the e.u. candidate state at an increasing rate buying companies and investing in infrastructure. china's road and bridge corp is building a brand new highway across montenegro from the capital pago richer to neighboring serbia price tag 840000000 euros an entire village of construction workers has moved in from china for the project one of a series of construction contracts won by the chinese in the balkans. is part of china's belgian road initiative or new silk road the global infrastructure project

which will transport chinese goods directly to europe chinese investors are also taking over profitable businesses like slovenian kitchen appliance make it go in year which produces mostly in serbia. but they're also buying up some of the struggling heavy industries left over from former yugoslavia beijing paid $45000000.00 euros for this ancient steel plant it's made out of or rescuing $5000.00 jobs in what was a somewhat crisis hit region china's multi-million offer for the former state owned couple mine r t b in the eastern serbian town of bor also trump the competition copper is now being produced there in line with chinese standards. financial analysts like friedrich book of esther bank in vienna say this is just the beginning of some problematic developments. and for of course china has an advantage it doesn't ask about what the democracy and political conditions are like there it also isn't worried about

the legal situation which of course the e.u. is already doing from a government's point of view. that gives chinese companies an unfair edge in tendering procedures another edge they have over european companies is that the millions in loans they get from chinese state banks are often interest free and paid back over 20 to 40 years by which time inflation will have cut their value in half and the balkan states especially which had for a long time hopefully you membership now prefer to look to china. but says europe has lost out on some economic opportunities he shows us the plans for the new pelias schatz bridge in croatia it will connect the southern coastline with the rest of the country even an e.u. member of croatia the china road and bridge corporation snapped up the contract beijing is planning a total of 900000000000 euros for its new silk road and wants to do

a great deal in the balkans regardless of the implications. well one of the problems china's economy is facing is over the reputation for poor workmanship and that even applies to some of of its most sophisticated products like newell passenger trains the china rail $200.00 j. was launched a great fanfare and january connecting cities over existing tracks at speeds of up to 200 kilometers per hour but $21.00 of the $23.00 engines produced in the valley on factory have already broken down that's a 91 percent failure rate and that's it from me and the business entity in. the v.w. news is coming up right after this and right after this quick look at the global market.

it's been 15 years since the moon landing. where he was the 1st man to walk on the moon as a small boy he dreamed of the stars. as a pilot he flew no matter how dangerous. the book. is an astronaut he took part in the greatest adventure story. part. armstrong starts july 20 years on t.w. .

frank food. international gateway to the best connection self road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers triallists services. biala guest at

frankfurt airport city managed by from a bought. this is the w. news line from but lead saddam celebrates an apparent breakthrough in its political crisis after months of protest the ruling generals agreeing to share power with civilian representatives for the next 3 years so how viable is this plan for a peaceful transition to democracy also on the program swiss scientists and the best way to fight global warming is to plan for lots of trees about

a trillion apparently and we have enough space. out there was joy in brazil when real.