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June 19, 2012 8:58 AM

India to give $10 billion more to IMF to prevent further economic crisis

The Prime Minister Dr Manmohan Singh has announced that India will contribute an additional 10 billion dollars to the IMF to help it promote adequate funds among creditors and prevent further economic crisis. Addressing the Plenary session of the G-20 Summit in Los Cabos , he said the IMF has a crit...

June 18, 2012 8:53 PM

G 20 Summit begins in Mexico tonight

The G 20 Summit begins at the Pacific desert resort of Los Cabos, Mexico later this evening. The conclave is expected to call on member countries to increase contributions to the International Monetary Fund.Leaders attending the summit heaved a sigh of relief as news trickled that Greek had voted fo...

June 18, 2012 8:22 PM

RBI retains key rates in its mid-quarter monetary policy

Reserve Bank of India (RBI) has decided to keep all the key rates unchanged in its mid-quarter policy review announced today. The cash reserve ratio (CRR) has also been kept unchanged at 4.75 per cent while the policy repo rate retained at 8 per cent. Consequently, the reverse repo rate will remain ...

June 18, 2012 8:07 PM

Abdul Kalam announces, he won’t contest Presidential poll

Former President Dr. A P J Abdul Kalam today announced that he will not contest the Presidential poll against UPA nominee Pranab Mukherjee. Making a formal announcement, Dr. Kalam said, he had taken the decision after considering the matter in totality and the present political situation. He said TM...

June 18, 2012 8:07 PM

G 20 Summit begins in Mexico later this evening

The G 20 Summit begins at the Pacific desert resort of Los Cabos, Mexico later this evening. The conclave is expected to call on member countries to increase contributions to the International Monetary Fund. Leaders attending the summit heaved a sigh of relief as news trickled that Greek had voted f...

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