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Be afraid, be very afraid of the Bombay Prohibition Act

With the almost universal breach of the alcohol licensing conditions, once the powers-that-be decide to crack the whip, every restaurant will run into problems. Huge problems, says Sunil......

NRIs pour in funds: India tops remittance list

Indians working abroad sent a whopping $21.7 billion to their kin in 2004, making the country the highest recipient of remittances worldwide, a World Bank report said on Thursday.Remittance inflows......

Remittances: India is world no. 1

With record inflows of $21.7 billion, India is among the top three countries worldwide to receive the maximum amount of remittances followed by China and Mexico. According to the World Bank Global......

World Bank slams rich nations on farm subsidy

Attacking the industrialised countries for agricultural protectionism, which was hurting the economies of poor nations, the World Bank has stressed that global trade liberalisation was critical for......

India gives reverse aid to US

With huge accumulated foreign exchange reserves at their disposal, developing countries, mainly India, China, Russia, Brazil and Mexico, are giving invaluable reverse aid to the United States,......

'India still lags on macroeconomic front'

India's performance on the macroeconomic front, despite encouraging figures, has still a long way to go, said Francois Bourguignon, chief economist of the World Bank, while speaking at a lecture on......

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