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 |
Strong India, China growth reduces world poverty
April 3rd, 2012 - 12:40 pm ICT by IANS
Washington, April 3 (IANS) The percentage of people living in extreme poverty declined from 52 percent in 1981 to 22 percent in 2008 thanks to strong economic growth in the ... Read more...
Posted in Business |
India pitches for more trade, investment in SAARC
January 30th, 2012 - 9:12 pm ICT by IANS
New Delhi, Jan 30 (IANS) Pitching for greater free trade and investment among South Asian countries, India has stressed that the current "challenging international economic environment" can provide SAARC ... Read more...
Posted in Business |
India’s lost $128 bn in illicit capital outflow in a decade
December 15th, 2011 - 7:51 pm ICT by IANS
Washington, Dec 15 (IANS) A staggering $128 billion in capital illegally flowed out of India in the last decade, making the country the 15th largest victim of illicit financial ... Read more...
Posted in World |
How Commonwealth can battle global financial crisis
October 24th, 2011 - 10:22 pm ICT by IANS
New Delhi, Oct 24 (IANS) Commonwealth countries are mulling trade pacts, debt financing flows and technological cooperation to beat the global financial crisis.Diplomats of leading Commonwealth nations who interacted with ... 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 |
India’s corrupt siphoned out $125 bn in eight years: Report (Lead)
September 14th, 2010 - 3:12 pm ICT by IANS
By Arun Kumar
Washington, Sep 14 (IANS) More than $125 billion worth of funds meant for the uplift of Indians were illegally siphoned out of the country by corrupt politicians and corporates between ... Read more...
Posted in Business |
Rampant corruption siphoning out funds from India
September 14th, 2010 - 10:51 am ICT by IANS
By Arun Kumar
Washington, Sep 14 (IANS) Even as India's economic growth continues, the poor continue to stay poor with rampant corruption siphoning out over $125 billion in illicit capital flight between 2000-2008, ... Read more...
Posted in Business |
Developing nations losing 100 b dollars annually due to trade mispricing
February 20th, 2010 - 4:56 pm ICT by ANI
London, Feb.20 (ANI): Trade mispricing is being cited as a key reason for the movement of illicit money across borders than any other single phenomenon, according to a new Global Financial Integrity ... Read more...
Posted in Business |
Developing nations losing 100 bln dollars annually through trade mispricing: Report
February 13th, 2010 - 3:21 pm ICT by ANI
Washington, Feb.13 (ANI): Developing countries are losing approximately 100-billion dollars every year due to trade mispricing, according to a new report available today from Global Financial Integrity (GFI)."Every year crime, corruption, and ... Read more...
Posted in World |
Poor nations at UN forum call for greater voice on international stage
January 21st, 2010 - 1:06 am ICT by BNO News
UNITED NATIONS (BNO NEWS) – Fifteen of the world’s least developed countries (LDCs) on Wednesday, who were meeting at a high-level United Nations forum, called for a greater voice in international financial ... Read more...
Posted in World News |
India has a ‘lot at stake’ at G20 summit
September 25th, 2009 - 1:18 pm ICT by IANS
By Arvind Padmanabhan
Pittsburgh (Pennsylvania), Sep 25 (IANS) A two-day summit of leaders of 20 leading global economies opened here amid calls by developing countries such as India to have a key ... Read more...
Posted in Business |
G20 leaders set for summit on financial crisis, regulation
September 25th, 2009 - 12:55 am ICT by IANS
By Arvind Padmanabhan
Pittsburgh, Sep 24 (IANS) As G20 leaders converged here for their third summit, a major consensus that has emerged is economies like India have a key role to play ... Read more...
Posted in Business |
G-20: India to seek greater role in managing global economy
September 24th, 2009 - 10:15 am ICT by IANS
Pittsburgh, Sep 24 (IANS) As the leaders of the world's 20 largest economies gather here Thursday to review their efforts to stem global recession, India is expected to pitch for a ... Read more...
Posted in Business |
UN Security Council must become truly representative of global community: PM
July 7th, 2009 - 2:20 pm ICT by ANI
New Delhi, July 7 (ANI): Prime Minister Dr. Manmohan Singh today said the structure of the United Nations Security Council must evolve to become truly representative of the global community.In ... Read more...
Posted in National |
India set to grow 5.1 percent amid deepening recession: World Bank
June 22nd, 2009 - 8:09 pm ICT by IANS
By Arun Kumar
Washington, June 22 (IANS) Even as the "world is entering an era of slower growth" and "deepening recession", India's economy is set to expand 5.1 percent in 2009 and by ... Read more...
Posted in Business |
India in UN panel to combat piracy off Somalian coast
January 15th, 2009 - 11:54 am ICT by IANS
Washington, Jan 15 (IANS) An international group, including India, has established four working bodies to combat piracy and armed robbery at sea off Somalia's coast. The region witnessed over 100 attacks, including ... Read more...
Posted in Politics |
India’s growth will be confined to 6 percent: Moody’s
January 8th, 2009 - 3:18 pm ICT by IANS
New Delhi, Jan 8 (IANS) India's economic growth will decelerate considerably this year on account of weakening consumption, investments and exports, according to Moody's Economy.com, a subsidiary of global rating agency Moody's. ... Read more...
Posted in Uncategorized |
Global crisis is entering stabilisation phase: Rajat Gupta
November 17th, 2008 - 5:51 pm ICT by IANS
Dubai, Nov 17 (IANS) The Gulf will emerge as an important player in the global economic order even as the current financial crisis enters a phase of stabilisation, says Rajat Gupta, former ... Read more...
Posted in World |
India-UK economic and financial dialogue held
August 13th, 2008 - 5:06 am ICT by ANI
London, Aug 12 (ANI): The second meeting of the ministerial-level India-UK Economic and Financial Dialogue was held in London.Finance Minister P. Chidambarm led the Indian side, and Chancellor of the ... Read more...
Posted in National |
World economy threatened by oil, food prices
June 14th, 2008 - 1:31 pm ICT by IANS
DPA
Osaka (Japan), June 14 (DPA) Rising oil and commodity prices are posing a threat to the global economy, the finance ministers of the Group of Eight (G8) said Saturday. "Elevated commodity prices, ... Read more...
Posted in World |
‘Make Mumbai a global financial hub’
June 10th, 2008 - 7:15 pm ICT by IANS
New Delhi, June 10 (IANS) To give India a competitive edge and improve its economic infrastructure, Mumbai should be turned into a global financial hub with reforms and pragmatic legislations, says an ... Read more...
Posted in Business |
India calls for united global fight against terrorism
March 20th, 2008 - 10:29 pm ICT by admin
New York, March 20 (IANS) India has called for a unified international response to terrorism, and sought that terrorists, their ideologues and financiers be denied access to arms, funds, means of transporting ... Read more...
Posted in World |