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Global economy heading for another downturn: RBI 25 January 2012
The global economy seems to be headed for another downturn after just three years. The recovery is likely to lose traction due to the continuing euro area debt crisis,” RBI Governor D. Subbarao said in a statement. Reserve Bank of...
Keywords: euro zone debt crisis, Governor D. Subbarao, global economy, global financial markets
Read MoreRupee breaches 63 16 December 2014
Indian Rupee is continuing its downfall against dollar and on Tuesday morning, it breached Rs 63 for the first time since November 13, 2013. The Rupee is under severe pressure as the emerging market currencies are running into steep losses...
Keywords: stock markets, Rupee value, Rupee value, market
Read MoreGlobal Economy in 2012 may be worse: IMF Chief 23 December 2011
In its World Economic Outlook report, the IMF projected that global economy would grow 4 percent in 2012. As the debt crisis in the euro area worsened and decision making in major advanced economies becoming more uncertain, the world economy...
Keywords: Global Economy in 2012, bold and stronger policies, bold and stronger policies, major advanced economies International Monetary Fund Olivier Blanchard international financial institution
Read MoreHigh rate of denial of H-1B, L-1 visas to Indians: report 10 February 2012
The denial rate for India-born applicants for new L-1B petitions rose from 2.8 per cent in Fiscal Year 2008 to 22.5 per cent in FY 2009, a substantial increase that resulted in many employers being unable to transfer their employees...
Keywords: L-1 visas, L-1 visas, High rate of denial of H-1B, Denial rates for H-1B petitions
Read MoreNew tax reforms against global economy? 14 February 2013
Speaking of the new proposals of tax reforms by the Obama administration, Anand Sharma, the commerce and industry minister, said that such measures if implemented could be counter productive since they would create newer barriers and deepen recession. Obama's government...
Keywords: fiscal cliff, recession, nasscom summit, recession
Read MoreCybercrime costs unreasonable for the global economy 23 July 2013
A study released on Monday brought into prominence that cybercrime undergoes expenditure for the global economy between US$100 billion and US$500 billion (S$127 billion and S$633 billion) annually. The study known to have acknowledged more data is needed for precise...
Keywords: csis scholar, cybercrime, united states economy, intellectual property
Read MoreBusiness confidence declined: CII survey 30 January 2012
Stagnation in investment plans had emerged as a key concern in the current macro-economic scenario. The survey further reveals that firms have reported a slowdown in sales, new orders, production and pre-tax profits in Q3 2011-12 as compared to Q2...
Keywords: Confederation of Indian Industry, high interest rates, Confederation of Indian Industry, cost of capital
Read MoreHigh rate of denial of H-1B, L-1 visas to Indians: report 10 February 2012
The denial rate for India-born applicants for new L-1B petitions rose from 2.8 per cent in Fiscal Year 2008 to 22.5 per cent in FY 2009, a substantial increase that resulted in many employers being unable to transfer their employees...
Keywords: skilled professional, global economy, global economy, L-1 visas
Read MoreGold prices cheaper than 15 months ago 15 April 2013
Gold Prices today hit a new low falling Rs 1,250 per 10 grams in one day on Saturday. After further fall The 2.95% fall has resulted in the price of Rs 27,100 reaching a figure that gold was associated 15...
Keywords: Gold price, Gold price, gold prices, global economy
Read MorePM returns home after attending G20 summit 05 November 2011
Prime Minister Manmohan Singh on Saturday returned home after attending the crucial two-day G-20 summit in Cannes, which asked tax havens to adopt prudential norms for sharing of information to check money laundering and terror funding. Dr. Singh on Friday...
Keywords: G-20 summit, Global economy, Global economy, Euro zone crisis
Read MoreIlliteracy costs India over $ 5,300 crore a year 18 April 2012
Literates constituted 74 per cent of the total population in India aged seven and above, and illiterates form 26 per cent, as per the provisional data of the 2011 census. World Literacy Foundation pointed out in its report titled 'Economic...
Keywords: poverty-stricken life, functional illiteracy, Economic and Social Cost of Illiteracy Indian economy, shackles of poverty
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