Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.
The announcement in this regard was made by Bill Daley, the new Chief of Staff of President Barack Obama, in an e-mail communication to the White House staff on Thursday evening.
House Majority Leader Eric Cantor said Republicans are the only ones who acknowledge the debt crisis and have repeatedly attempted to help reverse the dangerous spending trend in Washington.
Australia maintained their unbeaten record in the final round of Asian World Cup qualifiers with a 2-0 win over Bahrain at the Olympic stadium on Wednesday.
The United States is deploying up to 275 military personnel in Iraq to protect its citizens and property as the war-torn country battles a dramatic sweep by insurgents there.
The dollar index was trading lower by 0.03 per cent against its major global rivals today.
It would increase economic growth for years to come.
Liverpool moved into the Champions League qualifying spots after a 3-0 win at Burnley on Wednesday took them above Leicester City and into fourth place with one round of Premier League matches remaining.
In a rare move that might end the chronic impasse between arch-enemies the United States and Iran, President Barack Obama could meet his Iranian counterpart Hassan Rouhani on the sidelines of the United Nations General Assembly.
The United States on Friday exempted some countries, including India and China, from the tough Iranian sanctions act as they continue to reduce their dependence on Iranian oil.
The move was taken to honour Srinivas Kuchibhotla, who was killed when 51-year-old US Navy veteran Adam Purinton opened fire at him at his friend at a bar.
In an investigative story, the Los Angeles Times on Tuesday said that the officials of National Security Agency are "angry" on the assertions being made by the White House that Obama was not aware about its surveillance of foreign leaders.
Disappointed over the Egyptian military's deadly crackdown on protesters, the United States has temporarily frozen some of its military aid to Egypt, including deliveries of tanks, F-16 aircraft and missiles as well as $260 million in cash.
England coach Mark Sampson named an experienced squad on Monday for the women's World Cup in Canada.
Argentina became the first ever side to come from three goals down to avoid defeat in a women's World Cup match.
Two civilians and one police officer died after the gunman stormed the centre.
Gupta's two-year prison term is set to end in March 2016.
Ignoring diplomatic protocol, United States Secretary of State John Kerry had telephoned National Security Advisor Shivshankar Menon to discuss the row over the arrest of an Indian diplomat after he was told that his Indian counterpart Salman Khurshid was busy in Parliament.
After the disastrous launch of the Affordable Care Act website, Obama is looking to boost his tarnished popularity and credibility.
At least three persons were injured in a shooting incident at Los AngelesInternationalAirport - one of the busiest in the US - prompting authorities to evacuate two terminals and ground all planes, reports said.
Chinese Premier Premier Li Keqiang said world economic recovery should not be driven by mainly China, but in concert with many countries.
President Barack Obama congratulated Narendra Modi on Friday night for his electoral victory during a telephone call and invited him to visit the United States to further strengthen bilateral ties.
The group has been encouraging people to sign a petition calling for the withdrawal of the notes as vegans and vegetarians continued to express outrage at the use of tallow, a substance derived from animal fat.
US President Barack Obama and Republican leaders reached no specific decision on how to end the partial government shutdown.
A staggering $18 trillion worth unaccounted money is stashed in tax havens.
Prime Minister Manmohan Singh and United States President Barack Obama will meet in Washington on Thursday to chart a course for "future cooperation" in areas such as civil nuclear technology, trade, investment, defence and counter-terrorism, amid perceptions that bilateral strategic ties have plateaued.
The National Rifle Association aims to shoot down Vivek Murthy's Senate confirmation as United States Surgeon General, Aziz Haniffa reports
Top American officials have defended the controversial secret surveillance programme of the Obama administration, saying such efforts helped them to abort several terrorist attacks and nab terrorists like David Headley, the 26/11 Mumbai attacks convict.
'It's not combat, but deliverance that dictates the action in Dunkirk,' notes Sukanya Verma.
Announcing his resignation, the British PM said, "The British people have made a very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction."
A British teenager has completed an "amazing" 30,000-kilometer around-the-world cycling journey a trip believed to make him the youngest person to achieve this feat.
United States President Barack Obama may cancel his scheduled visit to Moscow to meet his Russian counterpart Vladimir Putin, as tension builds up between the two countries over fugitive intelligence leaker Edward Snowden, according to media reports.
Brazil became the second team to qualify for the knockout round of the women's World Cup on Saturday and England picked up a big win, but France suffered a shock defeat that could make their life at the tournament tougher.
Reflecting concern about Internet security, the United States has said it won't tolerate government-sponsored cyber theft of trade secrets even as it brought cyber-espionage charges against China's five military officers for allegedly stealing classified corporate information.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
The magazine's controversial cartoons took a below-the-belt jab at every religion, more so against the Islamic faith in the recent decade.
The United Kingdom has voted by 51.9 per cent to 48.1 per cent to leave the European Union after 43 years in an historic referendum.
The UK has had a complex relationship and checkered history with the EU.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances