Pranab asks World Bank to improve its capital base

Finance Minister Pranab Mukherjee has said, the World Bank needs to find ways to improve its capital base so that it can enhance lending to developing countries. He underlined that with another crisis looming, prioritisation of activities is the need of the hour.Mr. Mukherjee said this while interve...

Mobile tariff hike: TRAI seeks info from service providers

Telecom Regulatory Authority of India, TRAI has sought additional information from leading service providers, including Bharti airtel and Vodafone, on their recent decision to hike mobile tariffs by up to 20 per cent. Telecom service providers like Bharti airtel, Idea Cellular, Vodafone and Reliance...

India to take decision on multi-brand retail soon: Sharma

Amidst economic woes hitting global investor confidence, India will soon liberalise its foreign direct investment policy and take an early and appropriate decision on allowing FDI in multi-brand retail."Very few sectors are left, where sectoral caps are there and we are very actively engage...

Crisis looming, think 'Out Of Box': Pranab Mukherjee to World Bank

Finance Minister Pranab Mukherjee has said, the World Bank needs to find ways to improve its capital base so that it can enhance lending to developing countries. He underlined that with another crisis looming, prioritisation of activities is the need of the hour. Mr. Mukherjee said this while interv...

Pranab discusses rupee depreciation with RBI chief

Finance Minister Pranab Mukherjee has said that intervention in the currency market would be considered at an appropriate stage and he has discussed with Reserve Bank Governor D Subbarao the situation created by the depreciating rupee in the past few days."I had a discussion with the RBI Go...

Amid fears of a second dip recession, Finance Minister Pranab Mukherjee has said that "concrete steps" will have to be taken to deal with the situation as there is no ready made formula to address the problems. In an interaction with Indian journalists in Washington on Friday, Mr. ...

IMF: "Act now and act together", path to economic recovery

IMF chief Christine Lagarde has called for countries to "act now and act together" to keep on the path to economic recovery. Ms Lagarde was speaking after another week of volatility on the world's share markets. In Europe, the main share indexes in London, Paris and Frankf...

Gold down by <img src="rs.png" border="0" height="10"> 300

Gold fell 300 rupees, to 28,040 rupees per ten grams at Delhi&apos;s bullion market, on Friday, on sustained offloading of positions by stockists. Silver tumbled a whopping 5,500 rupees, its second biggest fall in three months, to 59,000 rupees per kilo, amid a bearish global trend.In the global...

Asian stocks fall amid possibility of lower global growth

Asian stocks fell on Friday, extending Thursday&apos;s heavy losses, as investors fretted about the possibility of lower global growth. So Hong Kong&apos;s Hang Seng slipped 1.4%; China&apos;s Shanghai Composite index lost 0.4%; Singapore&apos;s Strait Times index dropped 0.8%; and S...

US stocks plunge 3 percent

US stocks plunged, on Thursday, extending a sell off to four days, as policymakers&apos; failure to arrest global economic stagnation sent markets spiraling downward. The heavy volume, with which stocks crashed signaled that investors are selling in anticipation of more losses. Wall Street&a...