ECB to provide further stimulus to eurozone economy

The European Central Bank, ECB has said it will provide further stimulus to the eurozone economy if inflation in the bloc continues to remain low. Mario Draghi, the Bank's President, said a stronger euro would act as a trigger to loosen monetary policy. The rise of the single currency&a...

India calls for data sharing on taxation

India has called for data sharing on taxation and blamed the industrialised and developed nations for their reluctance to part with it. Economic Affairs Secretary Arvind Mayaram said although taxation was not on the agenda of the meeting but the issue of data sharing is becoming very critical for th...

World Bank to provide $255.5 mn assistance to Afghanistan for 4 development projects

The World Bank will provide 255.5 million dollar assistance to Afghanistan for four development projects in the country. An agreement to this effect was signed by the Afghan Finance Minister Dr. Omar Zakhilwal and the World Bank Vice-President for South Asia Phillipe Le Houerou during the Internatio...

India calls for clearly communicated monetary policies by advanced economies

India has called for clearly communicated monetary policies by advanced economies. Economic Affairs Secretary Arvind Mayaram said in Washington today that this help build trust and improve business sentiments across the world by leaving little room for speculations. In his intervention at the G20 Fi...

IMF calls for bold economic policy reforms to achieve economic stability & generate job-creating growth in Arab world

The International Monetary Fund, IMF has called for bold economic policy reforms to achieve economic stability and generate job-creating growth in the Arab world. In its latest report "Towards New Horizons-Arab Economic Transformation Amid Political Transitions," IMF says that the ...

Closely monitoring economic situation in Ukraine: G-20 nations

India leads global remittances in year 2013

India leads global remittances in the year 2013 with a whopping 70 billion US dollar in its kitty, of which 65 billion US dollar were earned from the country's flagship software services exports. The World Bank reported this in Washington on Friday.China follows second with 60 billion US do...

Industrial Output dips by 1.9 per cent in February, an all time low in nine months

The Industrial Output in the country declined by 1.9 per cent in February, an all time low since the 2.5 per cent fall in May last year. Exports also dipped by 3.5 per cent during last month. The Industrial Output fell on poor consumer demand which led to the weak manufacturing sector. The slow grow...

Gold & silver imports dip 40% to $33.5 bn in 2013-14

Gold and silver imports plunged 40 per cent, year-on-year, to 33.5 billion dollars in 2013-14, mainly due to restrictions imposed by the government on inbound shipments of the precious metals to narrow the current account deficit. Gold and silver imports in March fell 17.3 per cent, to 2.8 billion d...

Industrial production contracts 1.9% in Feb<br/>

The industrial production once again slipped into negative territory and contracted 1.9 per cent in February due to poor performance in manufacturing, especially capital goods.Factory output as measured by the index of industrial production showed a decline of 0.1 per cent during the 11-month period...