When it comes to newer prescriptions, there is not much in the form of solution on offer by economists even from the IMF stable. Every report, including this one in September 2011, is a mere rehash of existing ideas, theories and ideologies.
Global economic situation continues to be challenging & global growth will likely remain tepid in 2012
Investing (or not investing) in gold may be a function of whether you're betting on or against the global economy.
Amid recessionary fears in advanced economies, India's Finance Minister Pranab Mukherjee has called for channelising global surpluses to build infrastructure in developing nations to boost world economy.
Asserting that sovereign debt and banking stress in Europe are the most serious risks to the global economy, the United States on Wednesday said European leaders must escalate their efforts to address the economic challenges faced by the region.
The forth coming summit of the BRICS leaders in New Delhi would focus on stimulating growth to avert the down turn in global economy besides enhancing financial cooperation among the countries, China said.
A report authored by UN's panel of scientists from across the world on climate change and sent to the governments of 197 countries has ominous news on the climate change front.
Heart of any economy is the mechanism by which funds are channelled from savers to investors.
CNBC recently came up with a list of world's biggest employers.
Exports have been a drag on the economy for some time as shipments have declined on weak external demand.
As slowdown fears turn real, Baba Kalyani, chairman, Bharat Forge, says it's critical to have a political consensus on reforms. Industry, too, should gear up to reduce costs and seek new customers, in new markets.
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
At a time of falling GDP growth, the case for boosting revenue by increasing the tax rates is weak.
Concerned over disturbing trends in global economy, India and African nations on Wednesday called for increasing economic cooperation to combat the menace of rising food and energy prices.
India has been maintaining that the world bodies like the UN, IMF and the World Bank do not reflect the contemporary realities of the world and urgently needed reforms.
We present some the 'coolest' futuristic weapons that are being developed right now, according to a Business Insider report:
The macroeconomic implications of successful Iranian Bourse selling oil denominated in non-dollar terms are in fact profound for the world of finance.
China's GDP growth this year is expected to be around 8.5 per cent, down from 9.2 per cent in 2011, as the economy slowed down due to declining exports and global downturn, the Asian Development Bank (ADB) said in its annual report.
Hopes of revival and earnings growth in 2020, surprise tax cuts, and robust foreign flows - thanks to easy global monetary policies - are a few reasons why the markets have managed to digest the low GDP footprint. Select bluechips such as Reliance Industries, Bajaj Finance, Asian Paints, and ICICI Bank have gained sharply this year. On the other hand, YES Bank, Zee Entertainment, and Indiabulls Housing have seen a sharp fall.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
The storm buffeting the global economy might blow many a rich nation into a severe recession which could incapacitate developing countries too. So how can India insulate itself from the ill-effects of this approaching tempest? Prime Minister Manmohan Singh has a prescription.
The joint declaration lists the BRICS nations' consensus on global economy, international financial issues and developmental affairs.
Prime Minister Narendra Modi met top French business leaders with an aim of bringing French investment and technologies to India.
An oil crisis is set to further hit the fragile global economy.
"This is the third year in a row that India makes to top 10 in Doing Business, which is a success which very few countries have done over the 20 years of the project, Without exception, the other countries that have done this are very small, population-wise, and homogeneous," Simeon Djankov, Director of Development Economics at the World bank told PTI in an interview.
Bala V Balachandran explains what makes India a favourable destination for business in the long run.
'The Chinese navy is large and expanding both in numbers and capability by the day.' 'India too must take measures to safeguard its own interests, now and in the future.'
On Monday, the biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, Tata Motors, HCL Tech, IndusInd Bank and Kotak Bank, HCL Tech, Infosys and Bajaj Auto.
India's GDP would more than treble in dollar terms by 2021, be as big as a stagnant Japan's, and therefore poised to become the third largest economy in the world -- a decade ahead of the Goldman schedule.
'India is not the India of 1962. We are not carrying that baggage of history anymore.'
Gold prices breached the crucial Rs 25,000-level for the first time ever in history, tracking strong trends in global markets where financial uncertainty increased the metal's appeal as a safe investment haven.
In another 2-3 weeks, coronavirus will chariot India to overtake the United States. In March, Modi had exhorted the nation to celebrate India's impending success over the virus by clanging metal plates. Make no mistake, India is losing this momentous war under his captaincy, notes Ambassador M K Bhadrakumar.
On the occasion of Chinese president Xi Jinping's two-day visit, Indian exporters are looking for a big boost in export of agricultural commodities, especially the ones that have been impacted by the ongoing trade war between the United States and China.
In the backdrop of the global economy being buffeted by a series of ill winds that have put a question mark over the profligacy of European nations and brought to the fore the resultant debt crisis, Prime Minister Manmohan Singh will leave for Pretoria, South Africa, on Monday to attend the fifth trilateral India-Brazil-South Africa (IBSA) Summit.
The RBI announced its monetary policy on Tuesday.
The keynote address will be given by United States President Donald Trump
In an attempt to silence all the criticism surrounding his absence, Congress vice president Rahul Gandhi has posted a picture on Twitter of himself attending a conference in Aspen.
According to the Treasury official, the finance ministers meeting will cover the main topics for the Cannes summit that the G-20 have been working on, which will focus on food security.
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.
A realignment of the global energy mix is now almost guaranteed.
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