Addressing the Congress Parliamentary Party meeting in Parliament House, she also attacked the governor of the state, Bhagat Singh Koshyari, saying he had acted in an "unprecedented and reprehensible manner".
In a statement on Wednesday, World Bank said that its President Robert B Zoellick has announced that he would step down at the end of a five-year term in which a transformed Bank played an historic role during the global economic crisis, using record replenishments to provide more than $247 billion to help developing countries boost growth and overcome poverty.
The unemployment rate in the euro zone has hit the highest since 1995 with the economic crisis forcing many companies to slash jobs.
The Great Depression, that began almost 10 years before World War II broke out, is said to be the worst-ever financial crisis that the United States and many other nations across the world ever witness to.
As the world readies to welcome its seventh billion inhabitant on Monday, United Nations Secretary-General Ban Ki-moon has called for "unity of purpose" among people across nations to address problems of climate change, economic crisis and inequality.
Greece's financial crisis has intensified.
There is no doubt that the global economic crisis has further exposed the fragility of youth in the labour market.
'I am sceptical of the Indian economy returning to a sustained high-growth trajectory any time soon'
"This year, at the Planning Commission, we expect growth rate will be around 8 per cent. We are not expecting 9 per cent in the year 2011-12," Ahluwalia said while speaking at the convocation ceremony at Vijna Jyothy Institute of Management.
Subbarao said, short-term as well as medium-term prospects or Indian economy continue to be grim. Fiscal deficit is going to be much higher, the debt burden much larger and the financial sector will be in a worse shape.
Robert Bruner, Dean of Darden School of Business, University of Virginia says that while Europe and USA may be affected by the economic crisis, the job market in India is relatively better for graduates. Read on.
Gold price is likely to remain sideways this week due to uncertainty in global economy. The metal, of late, has started losing its status as safe haven investment avenue at the time of global economic crisis.
The reputation of corporate America after the economic crisis has turned positive.
'The economic impact of this lockdown is evidently huge.' 'Its impact on the livelihood of vulnerable sections of the society is immeasurably bigger,' observes Mahesh Vyas.
ICICI now plans to be more aggressive, while HDFC is in no mood to allow its bigger rival regain lost market share.
India's share in the world gross domestic product (GDP) has increased from around three per cent in 1990 (at purchasing power parity-adjusted exchange rates) to around five per cent now, making it one of the fastest-growing economies in the world in recent years.
Things are a bit different at the world's most extravagant hotels.
Things are a bit different at the world's most extravagant hotels.
Surjewala said the party's 10-day agitation was formalised at a meeting in which Rahul Gandhi participated in, but neither he nor Sonia Gandhi would be participating in the state and district level programmes.
He asked world leaders to use the upcoming G-20 summit in Cannes to find solutions for the entire global economy and not focus merely on domestic financial concerns.
In a video message posted as part of the Congress' 'Speak Up India' campaign, which was launched on Thursday, she also demanded that the government provide Rs 7,500 to each needy family for the next six months and Rs 10,000 as immediate cash to them.
My view is that they can probably muddle through for another two-three years by piling up the fiscal deficit or printing more money. I do not know when it will happen in 2012 or in 2018, but the next crisis will be worse than the one in 2008.
The nation's official poverty rate in 2010 was 15.1 per cent, up from 14.3 per cent in 2009.
The global economic crisis of 2008-09 has triggered much soul searching in the economics profession. How come only a few economists saw it coming? Was it because the profession was blind to the very possibility of catastrophic failures in a market economy, as Nobel laureate Paul Krugman put it?
Raghuram Rajan will take over as RBI Governor on September 4 at a time when the country is facing a grave economic crisis.
Obama is soon expected to sign the bill that was also passed by the House of Representatives.
United States President Barack Obama on Tuesday vowed to focus on job creation and faster economic growth as the US senate passed the debt ceiling bill to avert a major economic crisis at the last moment.
The review will now make it mandatory for the world's top 25 financial economies to undergo IMF's surveillance. The check-up was earlier voluntary in nature.
The UN Trade and Development Report 2010, released this week, has said the fundamental causes of the economic crisis have not been addressed and 'remain a toxic threat to stable and inclusive growth and the sustainability of the recovery'.
Atletico Madrid have taken the decision to cut the wages of their staff, including the players, to ease the financial burden on the club as they struggle with the economic impact of the coronavirus pandemic, the La Liga club said
The European economic crisis could be an opportunity for Indian corporate houses. Leading investment bankers say assets, globally, are available at attractive valuations and the rise in domestic stock prices has added more strength to balance sheets of Indian companies.
At least three countries Brazil, India and China fared well during the current economic crisis that has engulfed the world in the past two years, mainly because of inherent strengthen of their economies, a Congressional oversight panel has said.
The index, a formulation of economist Arthur Okun and got by adding the proportion of unemployment to the inflation rate, is a popular measure in the developed world to judge economic well-being.
Stalin has given due respect to seniority in the pecking order, but has also taken into consideration the demands of individual ministries and the suitability of individuals, observes N Sathiya Moorthy.
Just when you thought that the world was slowly slipping away from the crippling recession that had it in its vice-like grip since 2008, here comes the Irish economic crisis.
'This prime minister thinks he knows everything.' 'He has to consult, he has to talk and he has to mobilise the best people, but having seen him function, I have no expectations from him.'
Government Borrowings to remain high during 2011-12 in the absence of one-off revenues, higher subsidy payments and social sector spending
DO: Whether or not your business has suffered losses, now is the time to optimise resources, cut back on unnecessary expenditure and spend every penny cautiously. DON'T: If there is a cash crunch, don't rush to fire staff. Instead, weigh in other options that will protect the interest of both the company and the employees. Must Read Advice from Apoorva Ranjan Sharma, MD, 9unicorn.
Policy makers in Asia are looking at social protection measures to provide relief.
An understanding in this regard was reached during the economic dialogue being held between Chinese vice-premier Wang Qishan and US Secretary of Treasury Timothy Geithner.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances