If G-20 boosts global GDP, economy could be on better trajectory: Lagarde

The International Monetary Fund has warned that leading nations need to embrace bold policy steps to accelerate a still-modest and fragile global economic recovery. IMF Managing Director Christine Lagarde said that as the world still struggles to emerge from the 2008 financial crisis, economies are ...

Centre vs Reliance KG Basin dispute: SC withdraws name arbitrator

The Supreme Court has withdrawn its decision to name a former Australian judge James Spigelman as third arbitrator for resolution of disputes between Reliance Industries and the Centre over KG basin gas exploration.Justice SS Nijjar agreed to withdraw the former Australian Judge's name afte...

US court strikes down cap for individual political donors

The US Supreme Court has struck down overall contribution limits for individual political donors. The court ruled 5-4 that individuals could give to candidates, parties and political groups without observing an overall cap of 1,23,200 dollars. The ruling leaves in place the limit on how much a donor...

IMF loan conditions put poor nations at disadvantage: Study

A study released in Washington says, the number of conditions the International Monetary Fund attaches to its loans has grown in recent years. The Eurodad network of European development groups said, many of the conditions focused on politically contentious areas, such as public sector wage cuts or ...

If G-20 policies boost global GDP, economy could be on better trajectory: Lagarde

The International Monetary Fund has warned that leading nations need to embrace bold policy steps to accelerate a still-modest and fragile global economic recovery. IMF Managing Director Christine Lagarde said that as the world still struggles to emerge from the 2008 financial crisis, economies are ...

Centre vs Reliance KG Basin dispute: SC withdraws name of 3rd arbitrator

The Supreme Court has withdrawn its decision to name a former Australian judge James Spigelman as third arbitrator for resolution of disputes between Reliance Industries and the Centre over KG basin gas exploration.Justice SS Nijjar agreed to withdraw the former Australian Judge's name afte...

RBI caps WMA limit for central govt at Rs 35,000cr for first half of 2015

The Reserve Bank of India, RBI has capped the Ways and Means Advances, WMA limit for the central government in the first half of the new financial year 2015 at 35,000 crore rupees. In a notification issued yesterday, the apex bank said that it may trigger fresh flotation of market loans when the gov...

Reserve Bank grants approval to IDFC Ltd and Bandhan Financial Services to start new banks

RBI grants "in-principle" approvals to IDFC Ltd & Bandhan Financial Services Pvt. Ltd to start new banks

The Reserve Bank of India (RBI) today granted "in-principle" approvals to IDFC Ltd and Bandhan Financial Services Pvt. Ltd to start new banks. The approval was granted under the guidelines on licensing of new banks in the private sector. These two applicants were also recommended a...

UAE looking to enhance trade relations with emerging BRICS economies