India calls for ‘better surveillance’ to tackle financial crisis

September 25th, 2009 PITTSBURGH - A two-day summit of leaders of 20 leading global economies opened here amid calls by developing countries such as India to have a key role in restoring normalcy in the global financial system and overcoming the current economic downturn. While Prime Minister Manmohan Singh, who arrived here Thursday via Frankfurt, has already said India had much to offer in terms of finding a solution to the financial crisis, US President Barack Obama feels America alone cannot resolve all problems and there must be a global consensus.

September 24th, 2009 PITTSBURGH - As G20 leaders converged here for their third summit, a major consensus that has emerged is economies like India have a key role to play in restoring normalcy in the global financial system and to overcome the current economic downturn. While Prime Minister Manmohan Singh has already said India had much to offer in terms of finding a solution to the financial crisis, US President Barack Obama feels America alone cannot resolve all problems and there must be a global consensus.

September 20th, 2009 NEW DELHI - Buoyed by the successful firefighting at home with global financial crisis, Prime Minister Dr. Manmohan Singh will have much to prescribe and advice to the developed countries, which are still in the stranglehold of economic meltdown.

June 29th, 2009 NEW DELHI - Delhi Chief Minister Sheila Dikshit has given directives to her subordinates to tackle the burgeoning water crisis in the Capital. Speaking to reporters after holding a cabinet meet here today, Dikshit said that the uneven distribution of water is one of the reasons for water crisis is some parts of Delhi.

June 26th, 2009 UNITED NATIONS - Warning against protectionist tendencies to address the global economic crisis, India has said that while it has fared much better than others, developing countries must get space to continue To grow. "We have a vested interest in the world economy doing well as that is a key enabler for our growth too," Minister of State for External Affairs Preneet Kaur said Thursday at the UN Conference on World Financial and Economic Crisis and its Impact on Development.

June 22nd, 2009 NEW DELHI - Minister of State for External Affairs Preneet Kaur will represent India at the United Nations' conference on the economic crisis this week. A statement from the ministry said that Kaur's participation was in the context of Indias proactive and constructive engagement with the global community in order to address and meet the challenges posed by the crisis.

June 17th, 2009 ON BOARD AIR INDIA ONE - With the Indian economy showing signs of recovery, Prime Minister Manmohan Singh Wednesday said the country had borne the global downturn "well" and called for a new world economic architecture. "We live in times of rapid economic change when the BRIC economies are a factor of stability and growth," Manmohan Singh told journalists while returning from Russia.

May 13th, 2009 NEW DELHI - The current global financial crisis, the worst in six decades, is expected to bottom out from the end of this year even as India has managed to emerge largely unscathed, former central bank governor Y.V. Reddy has said.

April 24th, 2009 Developing countries hit harder by global crisisWASHINGTON — Developing countries are being hit harder by the global financial crisis than industrialized nations and need urgent and unprecedented help to cope with it, the Group of 24 countries said Friday. Among the effects of the crisis the developing countries are experiencing are falling prices for their commodities and exports, a decline in money transfers their citizens send from abroad, a sharp reduction in foreign direct investment and exposure to the credit crunch other countries are facing.

April 16th, 2009 NEW DELHI - The Confederation of Indian Industry (CII) Thursday launched an India Business Forum (IBF) in China, a lobby to promote bilateral trade and economic cooperation between the two countries. The IBF will act as a forum for promoting India-China trade through collective and consensual approach and will also work with the Indian embassy in Beijing and others towards 'building brand India', the CII said in a statement released here.

April 2nd, 2009 NEW HAVEN - Ivy League business school Yale School of Management will Friday organise a seminar on emerging business opportunities in India during the current economic crisis. The seminar will focus on the impact of the global financial crisis on the Indian economy and discuss the opportunities and challenges faced by foreign investors in India.

March 25th, 2009 NEW DELHI - Ahead of a likely meeting between Chinese President Hu Jintao and Prime Minister Manmohan Singh in London next week, China Wednesday said the two countries should join hands to tackle the global financial crisis to guard against protectionism of developed countries. 'The two countries can exchange experience and join efforts to tackle international financial crisis to guard against the protectionism of developed countries,' China's ambassador to India Zhang Yan told reporters here.

February 23rd, 2009 NEW DELHI - Security solutions provider Vision Group Sunday launched a mobile surveillance unit, which will help security officials quickly deploy surveillance cameras in emergency situations. At an international security expo here, the Vision Group unveiled the Mobile Surveillance Unit, which it termed as the first ever such facility in the country.

January 16th, 2009 KOLKATA - The Rs.70 billion (Rs.7,000-crore/$1.43 billion) Satyam Computer Services scam is an 'isolated' case in the corporate sector of India, External Affairs Minister Pranab Mukherjee said here Saturday. 'The Satyam scam has undoubtedly impacted our securities market.

January 8th, 2009 NEW DELHI - Home Minister P. Chidambaram said Friday that the army would be called if necessary to tackle the escalating crisis arising out of the strike by officers of public sector oil firms.