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India announces new FDI reforms

India announces new FDI reforms

The Indian Cabinet diluted the mandatory 30 per cent local sourcing norms for multi-brand retailers.

Snowden granted temporary asylum in Russia

Snowden granted temporary asylum in Russia

Snowden's lawyer said the whistleblower had received the necessary papers to enter Russian territory.

China, India prepare for joint military exercise

China, India prepare for joint military exercise

The two sides will practice counter insurgency and counter terrorism manoeuvres under the UN mandate.

Brazil protests IMF’s Greece bailout

Brazil protests IMF’s Greece bailout

The IMF has till now announced $37.6 billion rescue funds for the crisis-hit economy.

India to grow at not less than 5.5%: FM

India to grow at not less than 5.5%: FM

The finance minister said US Federal Reserve Chief Ben Bernanke’s statements have added to the “confusion”.

China PMI rises, leaders pledge reforms

China PMI rises, leaders pledge reforms

Chinese President Xi Jinping said last week that reforms must be comprehensively deepened .

Russia forms body to protect interests at WTO

Russia forms body to protect interests at WTO

Analysts believe the initiative should have been introduced long before Russia joined the trade organisation.

BRICS Bank statutes ready soon- Brazil

BRICS Bank statutes ready soon- Brazil

The bank was announced during the fifth BRICS Summit in Durban in March this year.

India says no to IMF loan

India says no to IMF loan

The central bank left key interest rates unchanged earlier this week.

Obama: China, India moving faster than US

Obama: China, India moving faster than US

US President Barack Obama said the country needs to boost exports.