India Wednesday celebrated its 66th Independence Day with gaiety and fervor. The celebrations were held in offices, colleges and schools across the country with cultural programs.
India's much-awaited "second wave" of reforms is likely to be delayed due to the dilly-dallying monsoon. Prime Minister Manmohan Singh, who doubles as the finance minister, is expected to hold the crucial policy decisions on allowing the FDI in retail sector and hike in diesel prices until at least the second week of September, Reuters has reported quoting official sources.
President Obama's weekend statement on India , raising concerns over the invest climate in the country, has evoked sharp criticisms making it further hard for the Indian Prime Minister to go ahead with reforms.
Reports indicate that Argentina's president is planning to nationalize gambling, one of the country's most treasured pastimes. It's unclear whether this step would be good or bad for the average gambler. But it holds nothing but trouble for Argentina's economy.
Indian Prime Minister Manmohan Singh took charge of the finance ministry on Wednesday and has initiated action to set up a unified mechanism for the ministry. The prime minister held a meeting with his key advisors and officials in this regard on Wednesday, local media reports said.
Indian retail sector, which is one of the fastest growing in the world, is under immense pressure to allow the Foreign Direct Investment. With multi-national retail giants like Wal-Mart and CarreFour and foreign investors lobbying the government to throw open the retail sector, the government has made several futile attempts in the past two years to allow FDI in retail.
Not a chance.
Enrique Peña Nieto has enjoyed a comfortable lead against his rivals for much of the Mexican presidential campaign season. But recent polling suggests his victory isn't as certain as it has appeared, leaving analysts pondering the future of Petroleos Mexicanos, the country's creaky state-owned oil company, should the candidate's main leftist rival win on July 1.
China's manufacturing activity grew at a slower pace in May compared to the previous month, increasing concerns over a slowdown in the economic growth of the country.
Ifeadi called the Chinese scavengers who were taking jobs that should be the exclusive preserve of Nigerian people.
Asian markets fell Tuesday as concerns over Greece's future in euro zone increased with the continuing standstill in talks to form a government.
Foreign direct investment (FDI) inflows into China fell in April compared to the same month last year, as investors, who are concerned about the renewed debt crisis in the euro zone, cut down on spending.
Athens and Paris have rebelled against Berlin-inspired austerity, but Dublin has taken the harsh medicine dutifully -- and, unlike its testy European peers, grimly borne budget cuts and tax hikes with minimal protest. That may be about to change.
US Secretary of State Hillary Clinton Monday pitched for the opening up of the Indian retail market for foreign direct investment (FDI) and asked the government to do more on Iran oil cuts.
Ernst & Young projects that by 2015, money flowing to Africa will reach $150 billion, which will create 350,000 new jobs annually.
Spain?s chief economist said Wednesday Bolivia will ?compensate Red Eléctrica Española the costs invested in the country?s electricity network? after the South American country announced it would expropriate the local unit of the Spanish utility, Transportadora de Electricidad S.A.
China?s manufacturing activity improved in April for the fifth straight month as economic conditions continued to strengthen, according to readings from a key gauge released Tuesday.
Foreign direct investment (FDI) into China continued to fall for the fifth consecutive month in March, as concerns over European sovereign debt crisis curbed investments by companies in the world’s second largest economy.
Foreign Direct Investment (FDI) inflows into China fell in March as investors spooked by a lingering European crisis cut down on spending.
These countries have much bigger fish to fry than some wayward fishermen.
International trade groups representing more than 250,000 companies have warned Indian Prime Minister Manmohan Singh that new taxation proposals by his government have led foreign businesses to reconsider their investments.
China's foreign direct investment in February fell for the fourth straight month as companies tightened spending amid a slowdown in the world's second-largets economy and the ongoign European sovereign debt crisis.
