SCO can play greater role in meltdown recovery: IndiaOctober 14th, 2009 NEW DELHI - India Wednesday asked the Shanghai Cooperation Organisation (SCO) regional grouping to play a more active role in mitigating the current global financial crisis. The need to revive the global economy is a complex challenge, requiring efforts from all of us.
Financial imbalance major cause of meltdown: Lord DesaiJuly 20th, 2009 NOIDA - The financial imbalance in the world economy is one of the major causes of the current global meltdown, according to noted economist Lord Meghnad Desai. The message of Desai, Professor emeritus of London School of Economics, was read out at the brainstorming session organised by the Global Economic Forum (GEF) here Monday on After-effects of financial meltdown: World economy five years ahead.
Radio Pakistan sees Indian Punjab, Pakistan's mirror imageJune 22nd, 2009 ABOHAR - The Punjabi Durbar programme of Radio Pakistan is seeing Indian Punjab similar to what is existing in Pakistani portion of the State. This was evident when one heard the latest Punjabi Durbar programme, which alleged that the Congress-led Government at the centre doesn't pay attention towards the poor people and instead favours the rich people, thus causing the poor become poorer and rich get richer.
Govt. to ensure Indian economy returns to high trajectory growthMay 29th, 2009 NEW DELHI - Minister for Commerce (trade) and Industry, Anand Sharma on Friday said that the Government would take all possible steps to stabilise Indian economy in times of global recession. Addressing media after taking charge of his office, Minister for Commerce and Industry said the government will take every possible step to ensure a steady Indian economy, particularly at a time when recessionary trends have upset overall industry and trade around the globe.
India's seafood exports to grow despite meltdown, say officialsMay 2nd, 2009 BRUSSELS - India's multi-billion dollar marine products industry has remained largely unaffected by the global economic meltdown, Indian officials and exporters have said. 'There was a lot of stress but because of our good quality and all other things...we could survive the meltdown.
Barroso: EU must continue helping poor countries, says recession no excuse for cutting aidApril 23rd, 2009 Barroso: EU must help poor despite recessionBRUSSELS — The European Commission's president says the EU must continue to be the world's primary donor of aid to poor nations despite the global recession. Jose Manuel Barroso says poor countries "are the least responsible for this crisis but among the worst affected." He says the recession "must not, cannot and will not be used as an excuse" for cutting EU aid to developing nations.
Premji optimistic about economic recoveryApril 22nd, 2009 BANGALORE - Wipro chairman Azim Premji Wednesday said he was more optimistic now than a month ago about recovery in the Indian and the US markets after a huge amount of uncertainty. 'Overall, we are feeling more optimistic today than we would have felt even four weeks back about the Indian and the US markets though it's too early to make a call on the European and Japanese markets, which are large markets for IT services,' Premji told IANS here.
Despite meltdown, overseas buyers queue to promote Incredible IndiaApril 19th, 2009 NEW DELHI - Despite the global meltdown, India's oldest travel and tourism mart is seeing a 20 percent increase in overseas buyers, interested in promoting the rich heritage of 'Incredible India' abroad. Also, for the first time at the travel and tourism mart SATTE, New Zealand and Jordan will showcase the beauty of their nation to lure Indian tourists, in the event's 16th edition to be held from April 23 to 25 at Delhi's Pragati Maidan.
Dhaka prepares bailout package for industriesApril 16th, 2009 DHAKA - The Bangladesh government will unveil a cash subsidy package ranging between Taka 25 billion and 30 billion ($357-427 million) to export-oriented industries hit by the global meltdown, a minister said. 'Only the affected exporters will be given bailout assistance from the package, and it may be Tk 2,500 crore to Tk 3,000 crore,' Commerce Minister Faruk Khan told media Wednesday.
'Indian economy to start reviving in three to six months'March 26th, 2009 KOLKATA - The Indian economy, grappling with the current global slowdown, would start reviving in three to six months, a senior government official said here Thursday. 'I am reasonably hopeful that the monetary and the fiscal policies (taken by the government) would play themselves out,' Suresh Tendulkar, chairman of the Economic Advisory Council to the Prime Minister, said at a seminar here.
Help sought for Indians in Gulf hit by global meltdownMarch 3rd, 2009 DUBAI - A Gulf-based Indian charitable body has appealed to Prime Minister Manmohan Singh to dispense financial assistance to Indian workers in that region returning home after the global economic meltdown. The Pravasi Bharatiya Welfare Trust, a United Arab Emirates (UAE)-based charitable organisation working for the welfare of expatriate Indians, in its letter, appealed to the Prime Minister to ensure that an immediate assistance of Rs.100,000 each is provided to deserving workers who had to return after losing their jobs in the Gulf and admission granted to the children of such workers in Indian schools.
'Infogen Global's closure not due to slowdown'February 9th, 2009 KOLKATA - The closure of city-based web development, designing and services company Infogen Global has nothing to do with the global economic meltdown, West Bengal IT Minister Debesh Das said here Tuesday. 'The company did not close down due to the financial meltdown.
Kuwait's economy hit by global meltdown, falling oil pricesFebruary 2nd, 2009 KUWAIT CITY - Kuwait's economy, particularly the automobile and electronic appliances sectors, have been badly hit by the global financial crisis, entrepreneurs and bankers here said. Ahamed Salikh, a businessman, said there was a 30 percent drop in sales in the automobiles and electronic appliances sectors due to the global meltdown.
Predicted growth of northeast likely to be hitJanuary 12th, 2009 AGARTALA - Economic growth in the northeast in the 11th Five Year Plan could be hit due to poor infrastructural facilities and global economic meltdown, a Planning Commission official said Tuesday. 'The projected 9 percent economic growth during (2007-12) might not be achieved as the region is also affected by the world-wide economic meltdown, coupled with weak infrastructure and fragile connectivity,' said Bhalchandra Mungekar, a member of the commission.
Exhibition inaugurated at Indian diaspora meetJanuary 6th, 2009 CHENNAI - An exhibition showcasing India to the overseas Indians was inaugurated here Wednesday evening as part of the seventh edition of Pravasi Bharatiya Divas (PBD)- the three-day annual diaspora meet. 'The interests of non-resident Indians (NRI) and people of Indian origian (PIOs) will be protected through various steps which are being put in place by the Indian government,' V.