Strong worries over further asset bubbles, underinvestment in infrastructure, falling government finances, and the consequent danger to economies to sink into full-fledged debt crises are some of the top threats facing the world in 2010, the World Economic Forum said on Thursday.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
A World Economic Forum report on Tuesday said that India will face huge skills gaps in some job categories due to low employability over the next 20 years and also warned of a looming global labour crisis.
Singapore is the world's most trade-friendly economy, the World Economic Forum said in a study. The WEF's Global Enabling Trade Report 2009 measures and analyses factors enabling trade in 121 industrialised and emerging economies around the world.
IMF also asked countries around the world to coordinate policies to achieve a global rebalancing and sustain the recovery.
The United Nations has projected a growth of 7.9 per cent for India in the current fiscal as it hailed the country along with China for leading developing nations to recovery from the worst economic downturn since World War II.
Thirty years after the massacre at Tiananmen Square, coerced collective amnesia envelops the Chinese nation about that horrific event. Claude Arpi glances back at how the student uprising could have changed the Middle Kingdom forever had the Chinese Communist party not traveled on the route of martial law.
For the 2009-10 fiscal, Pranab said, he expects the economy to grow by 7.2 per cent.
This failure of basic short-term policy is surprising, given the star power that this government brings to its economic management.
In a tweet, the party said Ram Temple was not on the agenda of Shah during his one-day trip to Hyderabad.
If the government has its way, the catchy 'Incredible India' tourism campaigns will be spotted in big ticket events like Oscar and Grammy awards.
Describing the third quarterly performance of the bank as 'very positive', ICICI Bank managing director and CEO Chanda Kochhar said on Monday the bank has emerged stronger on all parameters recording an operating profit of 22 per cent minus treasury income.
A government that limits its role to regulation would be a great enabler for agricultural growth.
The RBI, in its third quarter monetary policy review, raised by 75 basis points (to 5.75 per cent) the mandatory deposits banks need to park with the apex bank to tame inflation. The move is likely to suck Rs 36,000 crore (Rs 360 billion) out from the system.
India and China continued to grow at reasonable rates even when several developed countries witnessed economic contraction.
Infosys CEO Kris Gopalakrishnan has called for enhanced efforts to ensure adequate funds for the small and medium industries as the sector has a crucial role in creating jobs and promoting growth.
India's economic growth slipped to 6.7 per cent in '09, mainly on account of the impact of the global financial meltdown that started in the US in 2008.
Over 2,500 global leaders in business and politics arrived in this Swiss resort on Wednesday to put their minds together on how best to support the fragile recovery following the worst economic crisis since the 1930s.
Controversy continues to swirl around the accuracy of government's claims.
India has been ranked in the bottom half among 134 countries in terms of gender equality, in WEF's latest ranking that assessed the distribution of resources and opportunities among males and females.
Broadly speaking, maternity insurance should include all costs related to pregnancy, from delivery to care in hospitals. There are some maternity insurance that also covers the prenatal visits. For example, ICICI Lombard's Health Advantage Plus offers health insurance with OPD cover that would include pre-natal tests and medication expenses.
"Indian democracy provides for both kinds (elected and nominated). Prime Minister Manmohan Singh, if he had chosen to contest this year, would have certainly won from anywhere in the country," Tharoor said.
The assessment highlights the challenges posed by modern technologies that are automating and making redundant multiple human tasks, from manufacturing to healthcare
However, the demand for traditional IT work might decline.
We may now be experiencing the darker side of the massive monetary stimulus of past years, said Rajan.
Pankaj Malhotra, Immigration New Zealand's (New Zealand High Commission) former student Visa Officer, in an interview with RMS Atwal.
'The history of Moody's India ratings tells its own story,' points out T N Ninan.
After sixty years of Congress misrule, India has most of the world's poor people, and some of the worst health and nutrition indicators, even worse than much poorer sub-Saharan Africa. This is truly a crime and a national shame.
'There is space for many faces and many tongues in this Republic of ours. But it only has one Constitution, and its citizens are vigilant,' says Mitali Saran.
The Dubai Model is now revealed to be a mirage and one hopes that India's leaders would have drawn the appropriate lessons from it, says Mohan Guruswamy.
"We plan to hire 2,000 people in the next four-five months or by the end of this fiscal. Currently we are 16,000 people in India."
Ever since the credit crunch surfaced in late 2007, there has been a dramatic fall in the prices of financial assets amounting to a total wealth erosion of $28 trillion across the world, economic forecasting consultancy Oxford Economics has said.
Nearly 100 government heads and business leaders from the Middle East region attended the five-day summit, participating in panel discussions on topics as wide-ranging as Sovereign Wealth Fund management to sustainable development.
Emerging multinationals with new business models can pose a disruptive threat to Western companies.
Hard selling India as an investment destination at the WEF, Modi said the government is following the principle of reform, perform and transform.
The International Monetary Fund on Thursday retained its projection for Indian economic growth at 5.4 per cent in 2009, implying a slower growth in the second half of this calendar year.
Vibrant financial markets and a sound banking sector has helped Indian economy move up a notch to 49th place on the global competitive scale, while Switzerland has toppled the United States as the top-ranked nation, the World Economic Forum said on Tuesday.
People everywhere, consumers and investors alike, are cancelling spending plans, because the world economy seems very risky right now. The same thing happened during the Great Depression of the 1930s.
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