Prime Minister Manmohan Singh on Friday told the global leaders that India will revert to its pre-crisis economic growth rate of 9 percent in the next fiscal. “I am happy to say that the Indian economy has rebounded fairly well from the crisis… We hope to achieve 9 percent (growth) in 2011-12,” he said while […]
In the midst of a raging war over currency exchange rate between the US and China at the G-20 Summit in Seoul, India cautioned against competitive devaluation and resist any resurgence of protectionism. India also spoke against talk of putting a cap on current account balance, proposed by the US at four per cent of […]
Food inflation declined to 12.30 percent for the week ended 30th October, on improved supply of items, showing a downward movement for the fourth straight week. It was 12.85 percent in the previous week. While most food items like wheat, pulses and potatoes turned cheaper, onions became costlier as their prices rose about 10 percent […]
Tensions over currencies and trade gaps are simmering ahead of a summit of global leaders this week as America’s move to flood its sluggish economy with USD 600 billion of cash triggers alarm in capitals from Berlin to Beijing. The Group of 20 major rich and developing nations has taken on the role of reforming […]
Prime Minister Manmohan Singh leaves New Delhi on Wednesday for Seoul to attend the G-20 Summit that will review the global economic situation and the status of the world recovery. The two-day meet, beginning Thursday, will also take stock of the progress of implementation regarding the past decisions of the international economic forum, that has […]
India’s foodgrain production for this year’s kharif season is estimated to go up by nearly 6 per cent to 114.63 million tonnes, Parliament was informed on Tuesday. “As per the first advance estimates for Kharif 2010, the foodgrains production is estimated to be 114.63 million tonnes against 103.84 million tonnes as per fourth advance estimates […]
Portugal : An independent Economic Impact Assessment (EIA) Report issued on November 4, 2010 concludes that 3.6 million jobs in the tobacco-growing sector in five poverty-stricken African countries are at serious risk because of the World Health Organization’s (WHO) proposals. The EIA Report, “The role of burley tobacco in African economies and the expected impact […]
India and China received long-sought recognition on Friday as global economic heavyweights as the International Monetary Fund gave them and other emerging powers a significantly larger role in stabilising the world economy. IMF chief Dominique Strauss-Kahn announced planned reforms to the fund’s voting power after a meeting of the organization’s board, declaring that no longer […]
World Bank has cautioned China that an expected slowdown next year could hit its export driven economy and asked it to accelerate process to change its economic growth pattern to increase the domestic consumption. “In China we see a quite different economic growth pattern this year and last because of both domestic and external reasons,” […]
More than a hundred top entrepreneurs from across the world will get together in Seoul next week to discuss ways of promoting global economic growth. The local organising committee said on Tuesday a total of 120 chief executive officers, including major entrepreneurs, heads of financial institutions and tech moguls, will attend the Seoul G-20 Business […]
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