A day after BRICS (Brazil, Russia, India, China and South Africa) nations agreed on a $100-billion foreign currency reserve pool to tackle the volatile foreign exchange markets, India on Friday said the pool would act as a buffer arrangement, adding it might not withdraw anything from this reserve.
A cut in government spending would come at the cost of growth.
The economy expanded at a decade-low rate of 5 per cent in the first year of the 12th Plan
Taking note of large-scale deaths because of the heat wave in various parts of country, Prime Minister Manmohan Singh has asked a Group of Ministers to discuss and decide on its inclusion as natural calamity.
US urges New Delhi to align its nuclear liability law with the international convention
According to a study, the change in frequency for transmitting mobile signals could cost the telcos over Rs 1 lakh crore (Rs 1 trillion) cumulatively.
The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
Huge gold imports have put pressure on the country's CAD, which in turn is affecting the value of rupee.
The Planning Commission's latest poverty estimates, based on the 2011-12 consumption expenditure survey, shows that across India, the number of people living below the poverty line declined by more than 15 percentage points -- from 2004-05 to 2011-12 and from 37 per cent to 21.9 per cent.
Manmohan Singh, reveals the former President, was keen that either P Chidambaram or Montek Singh Ahluwalia be the finance minister.
The 64-year-old Planning Commission, a vestige of the socialist era, will soon become history.
Prime Minister Manmohan Singh has said that whatever action is required in Syria should be under the UN framework, amid growing pressure on US President Barack Obama from his Russian counterpart and other world leaders not to attack the Arab country.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
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.
The biggest challenge on policy front is the fight against the perception that a small number of big corporations do cosy deals with the government.
The G20 summit has failed to heal the rift over US plans for military action against the embattled Syrian regime, as American President Barack Obama and his Russian counterpart Vladimir Putin could not reach consensus on Friday during "candid and constructive" talks.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
'The Congress can't return to power unless it reins in prices, lowers interest rates, taxes the rich,' says Praful Bidwai. 'If this means sacking those most responsible for the UPA's pro-big business policies including Finance Minister Chidambaram, so be it!'
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