No leadership vacuum in India, says Pranab
April 23rd, 2012 - 12:23 pm ICT by IANS
Washington, April 23 (IANS) Finance Minister Pranab Mukherjee has rejected a suggestion from corporate America that a leadership "vacuum" was chipping away at India's investment climate and asserted that ... Read more...
Posted in Politics |
‘India has substantially reduced oil imports from Iran’
April 23rd, 2012 - 12:13 am ICT by IANS
Washington, April 22 (IANS) In the face of US sanctions on Iran, India has significantly reduced its oil imports from the country, though rising oil prices have caused immense ... Read more...
Posted in Business |
India seeks quick ratification of quota reforms
April 22nd, 2012 - 11:53 pm ICT by IANS
Washington, April 22 (IANS) Indian Finance Minister Pranab Mukherjee has urged lagging International Monetary Fund (IMF) members to move quickly to ratify quota and governance reforms that would give ... Read more...
Posted in World |
India has a very powerful prime minister: Mukherjee
April 22nd, 2012 - 11:04 pm ICT by IANS
Washington, April 22 (IANS) Asserting that India has a "very powerful, strong and acceptable prime minister," Finance Minister Pranab Mukherjee Sunday rejected a suggestion from corporate America that a ... Read more...
Posted in Politics |
India continuing on the reform path: Mukherjee
April 22nd, 2012 - 10:27 pm ICT by IANS
Washington, April 22 (IANS) Rejecting opposition charges of a policy paralysis on reforms back home, Finance Minister Pranab Mukherjee today that the United Progressive Alliance was going ahead with ... Read more...
Posted in Uncategorized |
IMF arms itself with $430 bn new funding
April 21st, 2012 - 10:20 am ICT by IANS
Washington, April 21 (IANS) The International Monetary Fund has almost doubled its "fire power" to protect the world economy against deepening debt turmoil in Europe with the Group of 20 ... Read more...
Posted in Uncategorized |
India reaffirms its stand on tax law changes (Lead)
April 20th, 2012 - 7:07 pm ICT by IANS
Washington, April 20 (IANS) India has reasserted its position regarding some retrospective amendments in Indian tax laws saying it was not a case of double taxation, but intended to ... Read more...
Posted in World |
World Bank calls for more trade within South Asia
April 20th, 2012 - 2:02 pm ICT by IANS
Washington, April 20 (IANS) South Asia needs more political will to embrace regional trade cooperation for the benefit of the lagging region, said a senior World Bank official.Isabel Gurrero, ... Read more...
Posted in Business |
India asks G-20 to nake ‘credible and ambitious’ action plan
April 20th, 2012 - 10:50 am ICT by IANS
Washington, April 20 (IANS) India has called upon G-20 nations, the world's top economies, to work out a "credible and ambitious" action plan to put the global economy firmly ... Read more...
Posted in Business |
World Bank wants effective social safety nets
April 19th, 2012 - 2:09 pm ICT by IANS
Washington, April 19 (IANS) Three out of five people in developing countries lack effective social safety net coverage as they struggle to forge ahead through global financial volatility and food ... Read more...
Posted in Business |
US business groups to protest tax law changes in India
April 19th, 2012 - 12:03 pm ICT by IANS
Washington, April 19 (IANS) A dozen US business groups have asked US Treasury Secretary Timothy Geithner to raise their concerns with New Delhi that some proposed changes in Indian ... Read more...
Posted in Business |
Many nations vulnerable to unexpected shocks: IMF
April 17th, 2012 - 10:04 pm ICT by IANS
Washington, April 17 (IANS) Policymakers face the dilemma of how best to respond to the challenges of slackening global activity and continued financial volatility as many countries remain vulnerable to ... Read more...
Posted in Business |
India needs to tighten fiscal policy: IMF
April 17th, 2012 - 8:05 pm ICT by IANS
Washington, April 17 (IANS) With the notable exception of India, a number of economies in emerging Asia have room to make policy more supportive of economic activity, given favourable debt ... Read more...
Posted in Business |
Three candidates vie for World Bank presidency
March 24th, 2012 - 1:01 pm ICT by IANS
Washington, March 24 (IANS) The World Bank announced Friday that Jim Yong Kim from the US, together with Nigeria's Ngozi Okonjo-Iweala and Colombia's Jose Antonio Ocampo are three candidates for ... Read more...
Posted in World |
Obama nominates Jim Yong Kim to head World Bank
March 24th, 2012 - 1:04 am ICT by IANS
Washington, March 23 (IANs) US President Barack Obama Friday nominated South Korean-born physician Jim Yong Kim to head the World Bank.Obama said Kim, president of Dartmouth College, has the development ... Read more...
Posted in Politics |
Pakistan expecting $981mn US disbursement by June
April 27th, 2011 - 11:36 am ICT by ANI
Islamabad, April 27(ANI): Pakistan is expecting a disbursement of 981 million dollars by the United States by June under the coalition support fund and the Kerry-Lugar-Berman Act.Speaking at a news conference, Pakistan ... Read more...
Posted in South Asia |
Pakistan fails to convince IMF to release final tranche of $11.3bn loan
April 19th, 2011 - 1:50 pm ICT by ANI
Washington, April 19(ANI): The Pakistani delegation to the International Monetary Fund-World Bank spring meetings is set to return home without any agreement on the release of the final tranche of an 11.3-billion-dollar ... Read more...
Posted in South Asia |
Pakistan fails to get IMF assurance on $11.3 bn loan release
April 19th, 2011 - 12:39 pm ICT by IANS
Islamabad, April 19 (IANS) Pakistan has failed to get any indications from the International Monetary Fund (IMF) on the release of the final tranche of an $11.3 billion loan package, ... Read more...
Posted in South Asia |
Three major challenges blocking world’s sustained development: WB official
April 17th, 2011 - 3:33 pm ICT by ANI
Washington, Apr.17 (ANI): Food, financial and economic crisis, climate and environment, are the three big issues that could derail the world's sustained development, former vice president of the World Bank Vinod Thomas ... Read more...
Posted in World |
India warns rising oil prices could hit global recovery
April 17th, 2011 - 12:45 pm ICT by IANS
Washington, April 17 (IANS) India Saturday warned that the global recovery from the worst financial crisis in decades may be jeopardised by a sustained rise in oil prices and speculative ... Read more...
Posted in Business |
World Bank opens public voting on ‘Apps for Development’
February 1st, 2011 - 11:15 am ICT by IANS
Washington, Feb 1 (IANS) The World Bank has opened public voting on the applications submitted to the Apps for Development Competition that challenged software developers to get new perspectives in identifying solutions ... Read more...
Posted in Business |
Rollercoaster rides can cause ear injury
May 1st, 2010 - 1:00 pm ICT by ANI
Washington, May 1 (ANI): The sharp turns, ups and downs, and high speeds of today's roller coasters could cause damage to your ears, say physicians at Henry Ford Hospital in Detroit.The case ... Read more...
Posted in Health Science |
India, China’s voting power increased in World Bank’s IBRD
April 26th, 2010 - 8:08 pm ICT by ANI
New Delhi, Apr 26 (ANI): The voting power of developing countries will be increased in the International Bank for Reconstruction and Development (IBRD) by 3.13 percentage points to 47.19 percent after the ... 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 |
World Bank to hasten reforms to give more voice to developing world
April 27th, 2009 - 10:52 am ICT by IANS
By Arun Kumar
Washington, April 27 (IANS) The World Bank has agreed to accelerate reforms by its spring meeting in 2010 to give more voice to developing countries as demanded by India and ... Read more...
Posted in Business |
Mexico gets $205 mn from World Bank to combat swine flu
April 27th, 2009 - 8:06 am ICT by IANS
Washington, April 27 (DPA) Mexico will get $205 million from the World Bank, including $25 million immediately, to combat the growing swine flu epidemic that is already believed to have claimed more ... Read more...
Posted in Health |
IMF calls for ‘exit strategy’ as economic storm clearing
April 26th, 2009 - 7:08 am ICT by IANS
Washington, April 26 (DPA) The world's finance ministers and central bank heads have voiced a collective hope that the worst of a devastating global recession might be over, but were apparently divided ... Read more...
Posted in Business |
IMF seeks more funds in crisis as finance ministers meet
April 26th, 2009 - 12:46 am ICT by IANS
Washington, April 25 (DPA) The International Monetary Fund (IMF) and World Bank began their annual spring meetings Saturday in the midst of a deep global recession, seeking more funds and aid to ... Read more...
Posted in Business |
Global financial crisis creates development emergency
April 25th, 2009 - 11:28 am ICT by IANS
By Anindita Ramaswamy
Washington, April 25 (DPA) The widening global financial crisis has created a development emergency, preventing many countries from achieving targets on reducing hunger, child mortality and major diseases, the International ... Read more...
Posted in Business |
India, China may see largest gains in IMF quotas
April 21st, 2009 - 10:29 am ICT by IANS
By Arun Kumar
Washington, April 21 (IANS) India, China, South Korea, Brazil and Mexico will see some of the largest gains in their quota shares in the International Monetary Fund to bring them ... Read more...
Posted in Business |
US to host global finance ministers’ meet next week
April 14th, 2009 - 9:54 am ICT by IANS
By Arun Kumar
Washington, April 14 (IANS) US Treasury Secretary Tim Geithner will host a meeting of finance ministers from the world's 20 top economies including India next week to discuss plans to ... Read more...
Posted in Business |
India asks rich nations to do more on climate change
April 14th, 2008 - 11:25 am ICT by admin
By Arun Kumar
Washington, April 14 (IANS) India wants the rich nations to massively reduce their greenhouse gas (GHG) emissions and provide more financial and technological help to the developing countries to deal ... Read more...
Posted in World |
India seeks overhaul of global financial system
April 13th, 2008 - 10:37 pm ICT by admin
By Arun Kumar
Washington, April 13 (IANS) India Sunday called for a thorough overhaul of the global system of financial oversight and regulatory mechanisms to save the developing world from an economic crisis ... Read more...
Posted in World |
Food price hikes could spark unrest, says IMF
April 13th, 2008 - 8:46 pm ICT by admin
RIA Novosti
Washington, April 13 (RIA Novosti) Mounting inflation, especially food price hikes, could spark unrest in developing countries, the International Monetary Fund (IMF) has warned. Food prices have been rising steadily lately ... Read more...
Posted in Business |
India’s handling of inflation to be closely tracked
April 13th, 2008 - 11:51 am ICT by admin
By Arun Kumar
Washington, April 13 (IANS) Faced with a slowing world economy and market turmoil, world financial leaders propose to closely follow how India tackles the problem of rising prices by balancing ... Read more...
Posted in Business |