Global slowdown exacerbates Indias follies

U.S. Treasury Secretary Jacob J. Lew and Indian Finance Minister Palaniappan Chidambaram discussed ways to improve the investment environment in both countries during a bilateral meeting today. We discussed the importance of investment for driving ...

India's Finance Minister Palaniappan Chidambaram on Wednesday said fiscal consolidation will be on the top of the agenda for the next five years. He reiterated that the fiscal deficit will be reduced to 3 percent of gross domestic product by ...

Reuters India's Finance Minister Palaniappan Chidambaram speaks at the Indian Private Equity and Venture Capital Association (IVCA) conclave in New Delhi July 16, 2013. REUTERS/Anindito Mukherjee NEW DELHI (Reuters) - India must tackle a jump in ...

India's finance minister may fall back on a tried-and-tested accounting gimmick to create the illusion he is hitting his fiscal targets. Though Palaniappan Chidambaram's ploy won't fool savvy investors, it is nonetheless politically convenient. It ...

India's current-account deficit in the fiscal year may come in about 14 percent lower than the Finance Ministry has targeted, easing pressure on the rupee, an adviser to Prime Minister Manmohan Singh said. The current-account gap for the fiscal ...

NEWS.GNOM.ES Mr. Rajan correctly predicted a global financial bubble in 2005. WASHINGTON—India's new central bank governor, Raghuram Rajan, is waging a vigorous two-front war. At home, Mr. Rajan is trying to repair the damage inflicted ...

A panel in India's telecom ministry has recommended the minimum price for an auction of wireless airwaves be cut to almost a third, a government official said. The panel has suggested the reserve price for 900 megahertz spectrum in the country's ...

As the US struggles to avert a debt default, Asia's policymakers believe they may be shielded from the latest financial storm brewing across the Pacific, and China is by far the biggest holder of reserves, with an estimated US$3.57tril - Reuters ...

WASHINGTON -- The threat posed by the U.S. debt standoff is sure to be a prime topic of discussion when finance officials from major nations gather for their latest stock-taking of the global economy. Finance ministers and central bank officials ...