India's Finance Minister Pranab Mukherjee promised Tuesday the government would reduce the fiscal deficit as it seeks to put the nation's financial house in order. "Fiscal consolidation is absolutely imperative," Mukherjee said in a speech to a World Economic Forum meeting in New Delhi. He said the government would cut the deficit to four percent of gross domestic product by 2012, down from an expected 6.8 percent in the current financial year. "This kind of (financial) tight-rope walking... Read Full Story
Prior to Prime Minister Manmohan Singh ‘’s visit to Washington later this month, Indra K. Nooyi, chairperson of Pepsico today said that the leaders of both India and US will use the visit to set a new course to fully capture the growth potential of the two economies.
Nooyi, who is also the chairperson of United States-India Business Council (USIBC) met industry leaders from the Confederation of Indian Industry (CII) in New Delhi today to discuss plans to advance the India-US relationship... Read Full Story
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London, November 9 (Agencies): Finance Minister Pranab Mukherjee has said that India will not be able to sustain high fiscal deficit in the long run, but he did not give any timeframe for withdrawing the stimulus measures that inflated the deficit. As Prime Minister Manmohan Singh shared with industry leaders in New Delhi on Sunday, his government’s intent to wind down stimulus measures... Read Full Story
Finance Minister Pranab Mukherjee has said he does not visualise the border dispute between India and China flaring up into a conflict.
If anything, trade between the two countries is “expanding very fast” and development work on the Indian side of the border was “catching up” with the Chinese, he said Sunday.
“I do not visualise any conflict on the border dispute between India and China. We have an institutional arrangement. Though there are divergences of views but, in the form... Read Full Story
Manmohan Singh has done quite well among global leaders on initiatives to fight climate change, according to a ranking prepared by the NGO Greenpeace. US President Barack Obama has fared the worst, while the premier of Tuvalu has come out tops. Read Full Story
India news
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The BSE benchmark index Sensex gained over 100 points in opening trade on Monday, continuing its winning streak for the fourth day, on buying by funds and retail investors after Prime Minister Manmohan Singh said his government would pursue reforms to feed economic growth... Read Full Story
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Prime Minister Manmohan Singh Sunday said the measures taken by his government helped India brave the financial crisis better than most countries, but it may 'wind down' by next year the fiscal stimulus that was launched last December... Read Full Story
President Barack Obama's decision to have Prime Minister Manmohan Singh as the very first state visitor of his administration was no accident, according to a senior US official.
"I think it's no accident that President Obama decided that the very first state visitor of his administration would be Prime Minister Manmohan Singh," US Assistant Secretary of State for South and Central Asian Affairs, Robert Blake, said at an event here Thursday.
"It not only shows the deep respect that... Read Full Story
President Barack Obama's decision to have Prime Minister Manmohan Singh as the very first state visitor of his administration was no accident, according to a senior US official.
"I think it's no accident that President Obama decided that the very first state visitor of his administration would be Prime Minister Manmohan Singh," US Assistant Secretary of State for South and Central Asian Affairs, Robert Blake, said at an event here Thursday.
"It not only shows the deep respect that... Read Full Story
Manmohan projects healthy growth rate In an optimistic start to the India economic summit, Prime Minister Manmohan Singh predicted that next financial year will see India growing at a healthy over seven percent.From:newsxliveViews:6 0ratingsTime:02:11More inNews & Politics Read Full Story
