Over $50 bn illicitly transferred from Africa annually: Mbeki
August 16th, 2012 - 12:36 am ICT by IANS
Nairobi, Aug 15 (IANS) Over $50 billion is illicitly transferred from Africa annually with multinational corporations being the main culprits, said former South African president Thabo Mbeki here Wednesday.Mbeki, chairman ... Read more...
Posted in Politics |
Kochi Metro gets ok, protests over land (Third Lead)
July 5th, 2012 - 5:44 am ICT by IANS
New Delhi/Kochi, July 4 (IANS) The Metro rail for Kochi in Kerala has got the cabinet's approval, it was announced Wednesday, even as protests erupted in the city against land ... Read more...
Posted in Business |
Cabinet approves Kochi Metro (Second Lead)
July 4th, 2012 - 5:54 pm ICT by IANS
New Delhi, July 4 (IANS) The cabinet has approved a Metro rail for Kochi city in Kerala, Home Minister P. Chidamabaram said Wednesday, adding that the network will cover 25 ... Read more...
Posted in Business |
Kochi Metro rail gets cabinet nod (Lead)
July 4th, 2012 - 5:45 pm ICT by IANS
New Delhi, July 4 (IANS) The cabinet Wednesday cleared the Rs.5,181.79 crore, 25.612 km Kochi Metro rail project to improve the public transport system in the southern city.The network ... Read more...
Posted in Business |
Cabinet clears Kochi Metro rail
July 4th, 2012 - 4:50 pm ICT by IANS
New Delhi, July 4 (IANS) The cabinet Wednesday cleared a Rs.5,181.79 crore, 25.612 km Metro rail project to improve the public transport system in the southern city.The network will ... Read more...
Posted in Business |
CPI-M opposes FDI in multi-brand retail
June 11th, 2012 - 7:16 pm ICT by IANS
New Delhi, June 11 (IANS) The CPI-M Monday came out strongly against opening up the FDI in multi-brand retail as well as upping foreign direct investment (FDI) limits in banking ... Read more...
Posted in Politics |
India’s external debt rises to $335 billion
March 30th, 2012 - 6:50 pm ICT by IANS
New Delhi, March 30 (IANS) India's external debt rose to $334.9 billion at December-end 2011, an increase of 9.4 percent in the first nine months of the current financial year, ... Read more...
Posted in Business |
Economic Survey 2011-12 highlights
March 15th, 2012 - 2:04 pm ICT by IANS
New Delhi, March 15 (IANS) Highlights of the Economic Survey 2011-12 tabled in parliament by Finance Minister Pranab Mukherjee Thursday:- GDP growth estimated to be 6.9 percent in ... Read more...
Posted in Business |
Russia’s external debt down 10 percent to $36 bn
March 1st, 2012 - 11:01 pm ICT by IANS
Moscow, March 1 (IANS/RIA Novosti) The Russian government's external debt declined by 10.4 percent in 2011 to $35.8 billion, the finance ministry said Thursday.In euro terms, Russia's sovereign debt declined ... Read more...
Posted in Politics |
Global uncertainty affecting India: Pranab
February 21st, 2012 - 6:56 pm ICT by IANS
New Delhi, Feb 21 (IANS) Global financial problems, besides a tight monetary policy, are affecting the Indian economy and a slowdown in external demand has led to a decline ... Read more...
Posted in Business |
India’s external debt rises to $326.6 bn
December 30th, 2011 - 7:27 pm ICT by IANS
New Delhi, Dec 30 (IANS) India's external debt climbed 6.6 percent to $326.6 billion by September-end from $306 billion at the beginning of the current financial year on account of ... Read more...
Posted in Business |
India’s debt rating raised to stable (Lead)
June 24th, 2011 - 8:35 pm ICT by IANS
New Delhi, June 24 (IANS) India's long-term foreign and local currency debt rating has been raised from negative to stable by DBRS, an international sovereign credit rating agency, the finance ... Read more...
Posted in Business |
DBRS raises India’s debt rating to stable
June 24th, 2011 - 8:14 pm ICT by IANS
New Delhi, June 24 (IANS) DBRS, an international sovereign credit rating agency, has raised the rating on India's long term foreign and local currency debt from negative to stable, the ... Read more...
Posted in Business |
Greece to receive new IMF aid in July: French PM
June 22nd, 2011 - 1:00 am ICT by IANS
Paris, June 21 (IANS/RIA Novosti) Greece will receive a new loan tranche from the International Monetary Fund (IMF) and the European Union in July, French Prime Minister Francois Fillion said ... Read more...
Posted in Business |
India’s illicit financial flow is $462 billion: Book
April 20th, 2011 - 2:20 pm ICT by IANS
New Delhi, April 20 (IANS) Tax evasion, crime and corruption have combined to remove a staggering $462 billion from India, says a new book based partly on scholarly studies."From 1948 ... Read more...
Posted in Life Style |
Pakistan’s public debt stands at Rs.9.47 trillion
February 2nd, 2011 - 3:02 pm ICT by IANS
Islamabad, Feb 2 (IANS) Pakistan's public debt stands at a whopping Rs.9.47 trillion (about $110 million), said an official statement.Dawn reported Wednesday that due to the massive public debt, the government has ... Read more...
Posted in South Asia |
India’s external debt soars to $296 billion
December 31st, 2010 - 7:04 pm ICT by IANS
New Delhi, Dec 31 (IANS) India's external debt rose to $295.8 billion by Sep 30, 2010, an increase of $33.5 billion during the first six months of current fiscal, on increased short-term ... Read more...
Posted in Business |
India lost 462 bln dollars through tax evasion, crime and corruption since 1948: Report
November 19th, 2010 - 5:04 pm ICT by ANI
Washington, Nov 19(ANI): A new report has said that India has lost 462 billion dollars in illegal capital flows between 1948 and 2008.According to the report from Washington-based group Global Financial ... Read more...
Posted in World |
India’s external debt rises to $273.1 billion
October 13th, 2010 - 7:58 pm ICT by IANS
Mumbai, Oct 13 (IANS) India's external debt rose 4.1 percent or $10.8 billion to $273.1 billion in the first quarter of current fiscal due to a sharp increase in short-term trade credits, ... Read more...
Posted in Business |
Pakistan’s forex reserves cross $16 bn
June 4th, 2010 - 3:08 pm ICT by IANS
Karachi, June 4 (IANS) Pakistan's foreign exchange reserves have crossed $16 billion for the first time in three years, but the country's foreign debt stands at a staggering $54 billion.
Central bank ... Read more...
Posted in Business |
Chile quake damage estimated at $30 bn
March 13th, 2010 - 6:15 am ICT by IANS
Santiago, March 13 (IANS) Chilean President Sebastian Pinera has said property worth $30 billion damaged in the 8.8-magnitude quake in the country last month, Xinhua reported.
"The property losses caused by the earthquake ... Read more...
Posted in World |
India’s current account deficit at $5.8 bn in first quarter
September 30th, 2009 - 8:31 pm ICT by IANS
Mumbai, Sep 30 (IANS) India's current account deficit stood at $5.8 billion in the first quarter of the current fiscal as compared to $9 billion a year ago, the Reserve Bank of ... Read more...
Posted in Business |
Mexico to receive $4 bn from IMF to bolster reserves
August 29th, 2009 - 11:35 am ICT by IANS
Mexico City, Aug 29 (EFE) Mexico will receive some $4 billion in special drawing rights, or SDRs, from the International Monetary Fund to bolster its reserves and liquidity, the country's central bank ... Read more...
Posted in Business |
Ecuador takes over UNASUR presidency
August 11th, 2009 - 5:18 am ICT by IANS
Quito, Aug 11 (Xinhua) Ecuador Monday took over the rotating presidency of the Union of South American Nations (UNASUR) from Chile.
At a ceremony in San Agustin Convent here to mark the ... Read more...
Posted in World |
India’s external debt up at $230 bn
June 30th, 2009 - 7:58 pm ICT by IANS
Mumbai, June 30 (IANS) India's external debt rose 2.4 percent or $5.3 billion to $229.9 billion for the fiscal ended March 31, the Reserve Bank of India (RBI) said Tuesday.
India, which has ... Read more...
Posted in Business |
India’s external debt rose to $230.85 bn
March 31st, 2009 - 10:30 pm ICT by IANS
New Delhi, March 31 (IANS) India's total external debt rose to $230.85 billion at the end of December from $224.65 billion at September-end, the finance ministry said Tuesday.
"The total external debt marginally ... Read more...
Posted in Business |
Pakistan’s economy nosedives, inflation at 19.2 percent
July 8th, 2008 - 1:38 pm ICT by IANS
Islamabad, July 8 (IANS) Pakistan's economy has been in free-fall mode in the first 100 days of the new coalition government, with inflation at 19.2 percent, forex reserves plunging by $2.1 billion ... Read more...
Posted in South Asia |
Pakistan’s economic scenario grim: survey
June 11th, 2008 - 2:09 pm ICT by IANS
Islamabad, June 11 (IANS) Pakistan has missed all its macroeconomic targets during the outgoing fiscal due to domestic and external shocks, the economic survey for the year says. GDP growth fell to ... Read more...
Posted in Business |
India’s external debt rises to $201 bn
March 31st, 2008 - 4:52 pm ICT by admin
New Delhi, March 31 (IANS) India's external debt has jumped $10.3 in the quarter ended Dec 31, 2007, to cross the $200 billion mark, due to short-term commercial borrowings and short-term debt, ... Read more...
Posted in Business |
Jordan buys back $2.4 bn of debts
March 31st, 2008 - 12:00 am ICT by admin
DPA
Amman, March 30 (DPA) The Jordanian government Sunday signed agreements with 10 member states of the Paris Club for creditor countries under which it bought back $2.4 billion of its debts at ... Read more...
Posted in World |
Pakistan’s economy to remain strong: UN report
March 27th, 2008 - 11:03 pm ICT by admin
Xinhua
Islamabad, March 27 (Xinhua) Pakistan's economy is expected to remain strong with a growth rate of 6.5 percent, despite many challenges, a UN report said Thursday. The United Nations Economic and Social ... Read more...
Posted in South Asia |
Successive Pak Governments have performed dismally in social sector: UN report
March 3rd, 2008 - 10:22 am ICT by admin
Islamabad, Mar.3 (ANI):A United Nations report has criticised successive governments of Pakistan for their dismal performance in facilitating development in the country's various social sectors despite being the third highest recipient of ... Read more...
Posted in South Asia |
India’s external debt rises to 190.5 billion dollars
December 31st, 2007 - 11:22 pm ICT by admin
New Delhi, Dec 31 (ANI): India's external debt for the quarter ending September stood at 190.5 billion dollars (Rs.757, 967 crore), which is 9.9 billion dollars (5.5 per cent) more than over ... Read more...
Posted in Business |