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BRICS Business Forum calls for stability in global markets
Captains of industry of the BRICS Business Forum on Wednesday asked member governments of the grouping to deepen their consultative engagements on economic policies to bring about stability and certainty in global financial markets. #IMF #NewsTracker #BRICs #G20 #BRICS Business Council
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India will defer spending to keep fiscal deficit at 5.3%
India is reviewing budgeted expenditure at each ministry and plans to defer some spending to the next financial year beginning in April to keep the fiscal deficit at 5.3 percent of GDP #NewsTracker #fiscal deficit #G20 #spending
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G-20 should enhance efforts to avoid trade tensions: report
The volume of trade growth in 2013 is now forecast to be at 4.5 percent, still below the long-term annual average of 5.4 percent for the last 20 years. #NewsTracker #OECD #G 20 #Trade tensions
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US encouraged by eurozone's commitment to long-term reform
US announced that it is happy that the eurozone leaders were determined to resolve the lingering economic crisis. Although, it will be challenging, US feels encouraged by the progress. #United States #White House #NewsTracker #Eurozone #G-20 major economies
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India set to become 8th largest shareholder in IMF
India is set to become the eighth largest shareholder in the IMF after quota reforms which are likely to be finalised at the multilateral agency's Annual Meeting at Tokyo in October. #Business/Finance #World Bank #NewsTracker #International Monetary Fund #G-20 major economies
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PM defends India's $10 bn contribution to EU bailout fund
Defending the Government's decision, the prime minister said the contribution will be used up only if the need arose and asserted it will continue to be part of the country's reserves. #BRIC #Manmohan Singh #NewsTracker #International Monetary Fund #G-20 major economies
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UNIDO to unveil 'green industry' agenda in Rio+20 summit
The UNIDO will present its flagship agenda of 'green economy' to improve the industrial performance in the ongoing United Nations Conference on Sustainable Development taking place in Rio de Janeiro (Rio+20). #United Nations #Environment #NewsTracker #Rio de Janeiro #G20 #Sustainable development
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Manmohan pledges $10 bn as 5 MT of food rots back home
Manmohan wrote off eight times more money to save the world than his finance minister saved by snatching away 5 MT of food from the plates of hungry Indians. #OnOurMind #Manmohan Singh #Pranab Mukherjee #Economy of India #G20
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Concerned over IMF's slow quota reforms: PM
In five years, the IMF estimates the share of India's GDP in PPP terms would grow to 8.09 percent compared with 4.8 percent for Japan. #Manmohan Singh #GDP #NewsTracker #International Monetary Fund #G 20
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Keep markets open and resist protectionism: G20 leaders
To accelerate the world economy out of the ongoing economic crisis, G20 asked its member nations to keep their markets open and resist protectionism. #Economic growth #TheySaidIt #G20 summit