New Delhi/Mumbai/Nashik: The dramatic drop in Indian economic growth isn't bothering the likes of Mahendra Saraf. A farmer, he works in a sector that has seen growth shrink to 1.7 per cent in the first three months of 2012 against 7.5 per cent in the same period last year. But Mr Saraf, 26, is confident the blow to his profits will be cushioned by government agricultural subsidies. "Global and domestic...
01:02 AM, Jun 01, 2012
Brussels/Frankfurt: The EU's top economic official said on Wednesday he was ready to consider extending Spain's deadline to hit tough deficit targets by a year, the clearest sign the EU is concerned austerity measures it is enforcing in eurozone countries may be deepening the region's recession. Olli Rehn said he would only allow the leniency " which would give Madrid until 2014 to reduce its budget deficit to 3 per...
12:23 AM, May 31, 2012
Madrid/London/Brussels: Spain's prime minister has insisted his country will not need an international rescue for its banks as investors recoiled at a 19bn rescue of Bankia, sending the country's borrowing costs over Germany's to the highest level since the start of the euro. Bankia, Spain's second-biggest bank by local deposits, would have collapsed if Madrid had not agreed to the rescue last week, Mariano Rajoy warned, adding that this would...
12:28 AM, May 29, 2012
Suhasini Haider: Hello and welcome to Worldview with me Suhasini Haider. Tonight we're taking a close look at what NATO's plans for a pullout mean for Afghanistan and for Afghans in particular. In our studio, Fawad Paikar, he's the Bureau chief of the Spanish news agency EFE there in Kabul, also Sadia Serat, thanks so much for joining us. Sadia is an anchor with Tolo television in Kabul. We'll also...
12:52 PM, May 25, 2012
Suhasini Haider: Hello and welcome to Worldview with me Suhasini Haider. Tonight we're taking a close look at what NATO's plans for a pullout mean for Afghanistan and for Afghans in particular. In our studio, Fawad Paikar, he's the Bureau chief of the Spanish news agency EFE there in Kabul, also Sadia Serat, thanks so much for joining us. Sadia is an anchor with Tolo television in Kabul. We'll also...
12:52 PM, May 25, 2012
New Delhi: The Government on Tuesday said the global slow down due to the eurozone crisis has impacted the Indian economy and steps are being taken to tackle the situation. "Global slowdown due to unfolding of eurozone sovereign debt crisis has, inter-alia, impacted the Indian economy through deceleration in exports, widening of trade and current account deficit, decline in capital flows, fall in the value of Indian Rupee, stock market...
05:13 PM, May 22, 2012
US President Barack Obama and other G8 leaders wrapped up talks on the European crisis at Camp David on Saturday with a pledge to keep Greece in the eurozone. ...
10:05 AM, May 20, 2012
New Delhi: As the world braces for a probable Greek exit from the Eurozone as part of the latest development in the Eurozone sovereign debt crisis, it is prudent to take stock of the situation and of the effect it might have on India. It is only wise to be prepared for the worst after the unsavoury experience of 2008 and 2009 during which many professionals were laid off in...
12:51 PM, May 18, 2012
London: Speculation about an endgame in Greece's protracted crisis has flooded markets with euro exit scenarios this week, but investors reckon there's still every chance that uncertainty will simply drag on for months. Seeking clear-cut outcomes to the euro saga to date has proven fruitless for investors, who have instead been forced to live with the "muddle through" of European politics. And more used to precedent, probabilities and precise numbers,...
11:25 PM, May 16, 2012
The big question once the election results are out is whether the pro-austerity parties can scrape together enough seats to form some kind of coalition. ...
10:33 AM, May 07, 2012
Washington: 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 nations, including India, pledging $430 billion in new funding. The new commitments to the global lender from the world's largest economies to guard against global risks were announced on Friday after a meeting of Group of 20 finance ministers and central bankers gathered...
08:56 AM, Apr 21, 2012
Washington: The International Monetary Fund's bid to win a big boost in funding to handle the eurozone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash. Brazilian Finance Minister Guido Mantega laid out the terms for a deal after a meeting with fellow BRICS nations Russia, India, China and South Africa. "We...
12:37 PM, Apr 20, 2012
Washington: Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the euro-zone sovereign debt crisis or sharp escalation in oil prices on geopolitical uncertainty could disrupt a world economy finding its feet once again after market turmoil over eurozone budget deficits, the IMF...
03:48 AM, Apr 18, 2012
Berlin: The eurozone nations have reached a deal to build up a massive 800-billion-euro (around $1.1 trillion) financial firewall to prevent the two-year-old sovereign debt crisis from engulfing larger economies such as Spain and Italy. The finance ministers of the 17 nations using the single currency agreed on Friday at the start of a two-day meeting in Copenhagen to bolster the firepower of eurozone's financial bailout fund to 700 billion...
02:27 PM, Mar 31, 2012
Mumbai: The Reserve Bank has attributed decline in the economic growth rate to three-year low of 6.9 per cent in 2011-12 largely to deterioration in the external environment. "Recent data indicate that after a smart recovery during 2009-10 and 2010-11, real GDP growth slipped sharply to 6.9 per cent during 2011-12 largely on account of the deterioration in the external environment and the slowdown in domestic investment," Reserve Bank of...
03:33 AM, Mar 13, 2012
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