Australian capital expenditure goes up
August 30th, 2012 - 1:32 pm ICT by IANS
Sydney, Aug 30 (IANS) The rise in capital expenditure (capex) in the June quarter suggests that the mining boom in Australia will continue for the next few years, economists said ... Read more...
Posted in Business |
China allows private investment in defence sector
July 19th, 2012 - 7:43 pm ICT by IANS
Beijing, July 19 (IANS) China has pledged to open its defence-related industries to private capital in a "fair and safe manner", according to an investment guideline unveiled by the government ... Read more...
Posted in World |
IMF warns Italy of downside risks, pushes more reforms
July 11th, 2012 - 1:55 pm ICT by IANS
Washington, July 11 (IANS) The International Monetary Fund (IMF) has said that Italy's economy would remain vulnerable to downside risks, urging the country to keep reform momentum."The economy is expected ... Read more...
Posted in Business |
China to end state monopoly in banks
April 5th, 2012 - 4:30 pm ICT by IANS
Beijing, April 5 (IANS) China's top leadership has agreed to reduce, if not break, the state's banking monopoly, Premier Wen Jiabao has said.This is the first time Beijing acknowledged the ... Read more...
Posted in Business |
No free lunch: Pakistani daily on $5.5 bn aid
December 26th, 2011 - 1:36 pm ICT by IANS
Islamabad, Dec 26 (IANS) There is no such thing as a free lunch, a leading Pakistani daily said Monday on the $5.5 billion development aid granted by the World Bank.The ... Read more...
Posted in Business |
India tops again in remittances from diaspora (Lead)
December 1st, 2011 - 8:48 pm ICT by IANS
New Delhi, Dec 1 (IANS) India is estimated to have got $58 billion in remittances - the highest for any country - from its diaspora in 2011, followed closely by ... Read more...
Posted in Uncategorized |
India tops again, gets $58 bn remittance in 2011
December 1st, 2011 - 4:23 pm ICT by IANS
New Delhi, Dec 1 (IANS) Maintaining its leading position, India is estimated to get $58 billion remittance from its diaspora in 2011, followed closely by China at $57 billion, ... Read more...
Posted in Business |
Russian economy more solid than Europe’s : Medvedev
November 20th, 2011 - 9:17 am ICT by IANS
Moscow, Nov 20 (IANS/RIA Novosti) Russian President Dmitry Medvedev has said the Russian economy is more solid than the European one, citing major economic figures."Our economy looks more solid and ... Read more...
Posted in Business |
India’s banking industry hit by nationwide staff strike
August 5th, 2011 - 12:01 pm ICT by IANS
Chennai/New Delhi, Aug 5 (IANS) Majority of banking transactions across India were hit Friday as some one million staff struck work to protest proposals to divest government stake in state-run ... Read more...
Posted in Business |
World’s richest man to hold stake in new Spanish bank
May 12th, 2011 - 12:14 pm ICT by IANS
Barcelona, May 12 (IANS/EFE) Mexico's Carlos Slim, the world's richest man, will hold a one percent stake in CaixaBank, once the La Caixa savings bank transfers its banking business to ... Read more...
Posted in Business |
EU adopts measures to tackle financial crisis in the Eurozone
March 25th, 2011 - 11:43 pm ICT by BNO News
BRUSSELS (BNO NEWS) -- The European Council on Friday adopted a comprehensive package of measures to respond to the financial crisis in the Eurozone and ensure lasting stability.The measures adopted are aimed ... Read more...
Posted in Business |
India may slow down to 8.4 percent in 2011: World Bank
January 13th, 2011 - 11:26 am ICT by IANS
By Arun Kumar
Washington, Jan 13 (IANS) South Asia's growth engine India is expected to slow down a tad to 8.4 percent this year from an estimated 9.5 percent in 2011 before rising ... Read more...
Posted in Business |
Goa mulling setting up a maritime board
July 26th, 2010 - 2:45 pm ICT by IANS
Panaji, July 26 (IANS) The Goa government is mulling to set up a state maritime board to attract investment, easing the process of privatization of ports or designated areas within ports.
"Maritime boards ... Read more...
Posted in Business |
Britain’s national debt reaches four trillion pounds
July 14th, 2010 - 2:10 pm ICT by IANS
London, July 14 (IANS) Britain's national debt stands close to a staggering four trillion pounds, nearly four times higher than officially estimated, the Office of National Statistics (ONS) has said.
The total debt ... Read more...
Posted in Business |
Obama reaches out to Muslim nations with business exchanges
April 27th, 2010 - 11:56 am ICT by IANS
Washington, April 27 (IANS) Keeping up his promise last year in Cairo, President Obama has announced plans to set up exchange programmes with business people throughout the Muslim world.
"The new beginning we ... Read more...
Posted in World |
Russia’s capital outflow to be close to zero in 2010
April 25th, 2010 - 2:19 pm ICT by IANS
Washington, April 25 (IANS/RIA Novosti) Net capital outflow from Russia will decrease and may be close to zero in 2010 as the country is back on recovery facilitated by higher oil prices, ... Read more...
Posted in Business |
India, China growth helping developing nations: World Bank
April 24th, 2010 - 10:43 am ICT by IANS
By Arun Kumar
Washington, April 24 (IANS) But for the rapid progress made by India and China, the pace of poverty reduction in developing countries would have been still slower after the global ... Read more...
Posted in Business |
Karnataka eyes Rs.200-billion investments in tourism sector
March 8th, 2010 - 9:21 pm ICT by IANS
Bangalore, March 8 (IANS) Karnataka Monday unveiled an ambitions master plan to attract Rs.200 billion (Rs.20,000 crore) investments in the tourism sector over the next five years to make the picturesque state ... Read more...
Posted in Business |
Centre to implement PURA scheme on pilot basis
January 21st, 2010 - 4:17 pm ICT by ANI
New Delhi, Jan 21 (ANI): The Cabinet Committee on Economic Affairs on Thursday approved the implementation of the "Provision of Urban Amenities in Rural Areas (PURA) scheme on a pilot basis within ... Read more...
Posted in National |
Clinton begins Pakistan visit
October 28th, 2009 - 12:58 pm ICT by IANS
Islamabad, Oct 28 (DPA) US Secretary of State Hillary Rodham Clinton arrived in Pakistan Wednesday on a three-day visit aimed at deepening bilateral cooperation and helping its close ally tackle Taliban ... Read more...
Posted in World |
Education reform will close down state-run schools: CPI-M
September 5th, 2009 - 6:45 pm ICT by IANS
Kolkata, Sep 5 (IANS) The central government's proposed reforms in education will lead to the closure of state-run schools, the Communist Party of India-Marxist (CPI-M) said Saturday, demanding a nationwide debate on ... Read more...
Posted in Politics |
IFC to help modernize Maldives airport
August 19th, 2009 - 4:32 pm ICT by IBNS
Kolkata, Aug 19 (IBNS) International Finance Corporation (IFC), a member of the World Bank Group, will work with the government of Maldives to modernize the Malé airport to improve efficiencies, provide better ... Read more...
Posted in Business |
Mexico suspends road projects amid economic crisis
August 15th, 2009 - 11:51 pm ICT by IANS
Mexico City, Aug 15 (EFE) The Mexican government has suspended its road building projects worth 12.64 billion pesos ($980 million) in the wake of the country's worst recession in decades.
Communications and Transport ... Read more...
Posted in Business |
Challenges to restoring financial stability remain: IMF
April 21st, 2009 - 9:14 pm ICT by IANS
By Arun Kumar
Washington, April 21 (IANS) Warning that significant challenges to restoring financial stability remain despite an unprecedented policy response to the global economic crisis, the International Monetary Fund (IMF) has called ... Read more...
Posted in Business |
India tops remittances in 2008, fall predicted in 2009: World Bank
March 25th, 2009 - 12:31 pm ICT by IANS
By Arun Kumar
Washington, March 25 (IANS) With migrant workers facing job losses, anti-migrant sentiment and even violence in the deepening global financial crisis, World Bank researchers predict remittances will fall to $290 ... Read more...
Posted in Business |
Obama hits the road to sell his $838 bn stimulus plan
February 10th, 2009 - 11:41 am ICT by IANS
Washington, Feb 10 (IANS) US President Barack Obama appeared before a national audience to sell his $838 billion economic stimulus plan even as it survived a key vote in the Senate, putting ... Read more...
Posted in World |
Japan to provide $17 bn in aid to Asian countries
February 1st, 2009 - 3:32 am ICT by IANS
Davos (Switzerland), Feb 1 (Xinhua) Japan would provide about $17 billion in development aid to Asian countries, the country's prime minister said here Saturday."Japan will support Asian countries by mobilizing funds ranging ... Read more...
Posted in Uncategorized |
Sanction Kochi Metro, says CPI-M
January 14th, 2009 - 6:48 pm ICT by IANS
New Delhi, Jan 14 (IANS) The Communist Party of India-Marxist (CPI-M) Wednesday accused the Planning Commission of refusing to approve the Kochi Metro and sought Prime Minister Manmohan Singh's "immediate intervention".The CPI-M ... Read more...
Posted in Uncategorized |
Manmohan Singh bats for developing economies at G-20 summit
November 16th, 2008 - 7:00 pm ICT by ANI
Onboard Air India One, Nov 16 (ANI): Prime Minister Dr. Manmohan Singh batted for developing economies at the G-20 summit.Addressing a news conference onboard Air India One, while returning from Washington ... Read more...
Posted in National |
Congress asks Left for development road map for Kerala
August 11th, 2008 - 7:50 pm ICT by IANS
Thiruvananthapuram, Aug 11 (IANS) Congress leader and former chief minister Oommen Chandy Monday welcomed the ruling Communist Party of India-Marxist's (CPI-M) announcement to attract Rs.250 billion worth of investments in next three ... Read more...
Posted in Politics |
And now Kerala CPI-M bats for private investment
August 9th, 2008 - 8:30 pm ICT by IANS
Thiruvananthapuram, Aug 9 (IANS) For long private capital and investors were pariah for the Communist Party of India-Marxist (CPI-M), but now the Left government in Kerala has set a target of attracting ... Read more...
Posted in Politics |
Healthcare reform in Hungary facing serious challenges
March 17th, 2008 - 9:27 am ICT by admin
By Michael Logan
Budapest, March 17 (DPA) Hungary's plans to overhaul its ailing healthcare system by allowing private capital into the health insurance market are on the rocks as political pressure mounts following ... Read more...
Posted in World |
Basus remark on capitalism reported in contradictory manner: Prakash Karat
January 7th, 2008 - 8:44 pm ICT by admin
New Delhi, Jan 7 (ANI): Supporting Communist Party of India-Marxist (CPI-M) veteran Jyoti Basus comments on capitalism, party general secretary Prakash Karat today said that Basus remarks were reported in a contradictory ... Read more...
Posted in National |
Jyoti Basu supports West Bengal CM’s stand on capitalism
January 5th, 2008 - 7:42 pm ICT by admin
Kolkata, Jan 5 (ANI): Communist Party of India-Marxist (CPI-M) veteran Jyoti Basu on Saturday supported West Bengal Chief Minister Buddhadeb Bhattacharjee's policy of welcoming private capital in the State for industrialisation purpose.
Basu ... Read more...
Posted in National |