Disappointing news about Germany's economy sent world stock markets down on February 15 as investors turned their attention to a major economic conference this weekend. Britain's FTSE 100 fell 0.2 per cent to 6,318.14. Germany's DAX lost 0.3 per cent to 7,607.49 and France's CAC-40 shed less than 0.1 per cent to 3,668.30. ...
03:00 PM, Feb 15, 2013
New Delhi: As government prepares to unveil some measures to revive the economy, Prime Minister Manmohan Singh says India cannot expect "outside help" on a scale which can see the country through its difficulties. "We have to raise our economy through our own good steps," Singh told reporters accompanying him on board his special aircraft late last night while returning home after a eight-day foreign tour. Fresh from attending the...
03:54 AM, Jun 25, 2012
On board PM's special aircraft: Prime Minister Manmohan Singh on Saturday said his government will work its way to restore the momentum of growth in the wake of the economic slowdown and sought cooperation from all political parties, whether it is Trinamool or others. Asserting there is no stagflation, Singh said he was still confident that the growth rate of the economy will improve to about seven per cent per...
11:03 PM, Jun 23, 2012
Mumbai: A day after keeping key policy rates unchanged, Reserve Bank on Tuesday said the government should cut "unproductive" expenditure to lower fiscal deficit and not by resorting to high taxes. Speaking at an event organised by Indian Merchants Chamber on Tuesday evening, RBI Governor D Subbarao said a mere adherence to meeting the fiscal deficit target of 5.1 per cent will not be sufficient. "Will the government be able...
02:00 AM, Jun 20, 2012
Varanasi: BJP leader Murli Manohar Joshi on Tuesday said that Prime Minister Manmohan Singh has not clearly spelt out if the measures discussed at the G20 summit in Mexico to reform the turmoil-hit global economy can be implemented in India. "The world economy is going through a bad phase and the G-20 summit in Los Cabos is centered around it. However, Prime Minister Manmohan Singh's stand is not clear on...
12:48 AM, Jun 20, 2012
Los Cabos: As the initial euphoria about Greece elections died down, the economic crisis took centre-stage. Prime Minister Manmohan Singh addressed some critical issues relating to the slowdown in India's economy in his address during the Plenary Session of the seventh Summit of the Group of 20 developed and developing countries. "Like other countries, we too allowed the fiscal deficit to expand after 2008 to impart a stimulus. We are...
07:36 AM, Jun 19, 2012
Los Cabos: India's economic woes have not gone out of hand in the wake of the slip in the GDP growth -- the lowest in nearly 9 years -- but there could be trouble if the Eurozone crisis is not quickly contained and financial stability in Europe restored, a top Indian official said on Monday. Ahead of the G20 Summit of developed and developing countries being attended by Prime Minister...
09:43 AM, Jun 18, 2012
Washington: US President Barack Obama will press European leaders this week to resolve their debt crisis but the United States does not expect much progress before the end of the month, a White House adviser said on Sunday. Obama will participate in a two-day summit of Group of 20 leaders that starts in Mexico on Monday. He has called on European leaders to recapitalise weak banks and to focus on...
09:09 AM, Jun 18, 2012
Los Cabos: The possibility of a meeeting between US President Barack Obama and Prime Minister Manmohan Singh during the G20 Summit in Los Cabos is not being ruled out, days after the two leaders agreed to work together to address the faltering global economy and the painful Eurozone crisis. Singh, who will be participating at the seventh Summit of the Group of 20 developed and developing countries (G20), has an...
08:51 AM, Jun 18, 2012
Meanwhile, Prime Minister Manmohan Singh, who is in Mexico to attend the G20 Summit, said that it was up to Group of 20 to bring the world out of the financial mess. ...
08:40 AM, Jun 18, 2012
Los Cabos: Finger-length and emerald-green, the lawns of time-share condos and all-inclusive resorts seem to gleam in the bright sun as the surf rolls gently against the white-sand beaches of Los Cabos. Sometimes the only noise is the ruffling of palm fronds in the languid ocean breeze. It's an idyllic place to thrash out the terrifyingly uncertain fate of Europe and the global economy. Leaders of the world's largest economies...
08:29 AM, Jun 18, 2012
Rio De Janeiro: Some large economies show significantly lower growth when natural assets such as forests and water are factored into growth indicators, an index showed on Sunday, a few days before an international sustainability summit starts in Rio de Janeiro. The Inclusive Wealth Index was unveiled by the United Nations University's International Human Dimensions Programme on Global Environmental Change (UNU-IHDP) and the United Nations Environment Programme (UNEP). Scientists and...
05:11 AM, Jun 18, 2012
Los Cabos: Arriving at Los Cabos for the crucial G20 summit, Prime Minister Manmohan Singh on Sunday said the world economy is in "deep trouble" and hoped that the grouping of developed and developing countries will come up with constructive proposals to pull the world out of this crisis. Prime Minister Singh flew in here to attend the seventh G20 Summit after a nearly 13-hour flight from Frankfurt. "The world...
02:01 AM, Jun 18, 2012
New Delhi: Prime Minister Manmohan Singh on Saturday voiced concern that continuing problems in the eurozone will further dampen global markets and adversely impact India's own economic growth. Singh also said that the need to revive global growth should be an issue of immediate concern which must be addressed by world leaders. He made these remarks prior to his departure for Mexico and Brazil to attend the seventh summit of...
11:16 AM, Jun 16, 2012
Washington: US President Barack Obama and Prime Minister Manmohan Singh agreed on Thursday on the need to buffer the global economy against risks from the European debt crisis, the White House said. In a readout of their telephone call before the G20 meeting in Mexico next week, the White House said the two leaders discussed "the importance of steps to strengthen the resilience of the global economy" with a focus...
04:39 AM, Jun 15, 2012
Brussels: German and French officials have discussed plans for a radical overhaul of the European Union that would involve establishing a more integrated and potentially smaller euro zone, EU sources say. French President Nicolas Sarkozy gave some flavour of his thinking during an address to students in the eastern French city of Strasbourg on Tuesday, when he said a two-speed Europe, the euro zone moving ahead more rapidly than all...
02:02 AM, Nov 10, 2011
New Delhi: Prime Minister Manmohan Singh returned home on Saturday after attending the crucial two-day G-20 summit in Cannes, which asked tax havens to adopt prudential norms for sharing of information to check money laundering and terror funding. Singh concluded his visit to the French coastal resort on Friday, where heads of 20 most influential economies deliberated for two days in the midst of worsening European crisis triggered by the...
08:35 AM, Nov 05, 2011
New Delhi: Deputy Plannign Commission chief Montek Singh Ahluwalia on Friday said that the events in Greece are very unfortunate and India should make it sure that contagion is minimised. Talking to CNBC TV 18, he said, "The Eurozone in taking a number of initiatives to provide resources to put in fiscal discipline. I think that the G20 are aware of the fact that if markets are made sufficiently aware...
08:43 AM, Nov 04, 2011
Athens: Intense European pressure forced debt-stricken Greece to seek political consensus on a new bailout plan instead of holding a referendum after EU leaders raised the prospect of a Greek exit from the euro to preserve the single currency. Fast-moving events in Athens overshadowed the first day of a summit of the Group of 20 major economies on the French Riviera on Thursday, with anxious world leaders urging Europe to...
08:27 AM, Nov 04, 2011
Cannes: India told the G20 Summit that it has been an active member of the global battle against black money and will soon sign the Convention on Mutual Administrative Assistance in Tax Matters to curb this menace. "Tax evasion and illicit flows are serious problem and over the last two years, in order to check this trend, India has negotiated 19 new double taxation avoidance agreements and 17 new tax...
07:47 AM, Nov 04, 2011
