WTO head needs progress on global pact
©Reuters Back in 1999, 100,000 protesters gathered in Seattle intent on disrupting the smooth running of the World Trade Organisation meeting and its aim of liberalising trade. These days, the…
India cuts rates to boost growth
The Reserve Bank of India on Friday cut the repo lending rate by 25 basis points to 7.25 per cent, the third rate reduction since January, against a backdrop of…
Goa dares to hope as India eases mining ban
©Bloomberg Iron ore is stockpiled at Marmagoa Port in Goa, India waiting for export Drive inland away from the palm-fringed tourist beaches of Goa and into the small western Indian…
IMF warns on capital inflows into Asia
©AFP Strong capital inflows into Asia have increased the risks stemming from rapid credit growth and rising asset prices, the International Monetary Fund said on Monday. In its annual report…
India in push for more economic reforms
©Reuters India’s government will push for more economic reforms in the months ahead, including the easing or abolition of limits on foreign direct investment in various sectors, according to Palaniappan…
Sugar leaves sour taste in Indian drought
Nyandu Maske, aged about 70, waiting with his cattle at the fodder station in Gawalwadi, Beed district©Victor Mallet Bindusara Dam has been dry for three months. The authorities are using…
Eurozone industrial production edges up
©Dreamstime Eurozone industrial output edged higher in February thanks to a jump in energy production, official data showed on Friday. The 0.4 per cent month-on-month rise beat economists’ forecasts and…
Rahul Gandhi woos India’s industrialists
©AFP ‘Give one individual all the power you want … he cannot solve the problems of a billion people’ Rahul Gandhi, the heir apparent of India’s ruling Congress party, has…
India must do more to open up banking
©Alamy Indian banking is all aflutter. Last month the country’s central bank finally unveiled the rules under which it plans to hand out new bank licences for the first time…
Too early to bank on a Brics lender
Imagine a group of five friends who get together to build a holiday house but can’t agree on what it should cost, where to put it or who should pay…