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Message to Lutyens power elite from Finance Commission: Pack up and go

Feb 25, 2015 at 15:27 | Source: FirstPost

If the Lutyens power elite of Delhi has still not got the message, maybe they should read the summary of the Fourteenth Finance Commission's report released yesterday (24 February). The takeout from the commission is simple: economic power is shiftin...

Reforms to decide whether India's sovereign rating will be upgraded, says Moody's

Feb 25, 2015 at 14:26 | Source: FirstPost

New Delhi: Ahead of the Budget, rating agencyMoody's today said India's sovereign rating upgrade woulddepend upon the government's determination to push economicreforms and reduce fiscal deficit."The extent to which accelerating growth will butt...

PDP blinks on AFSPA, Article 370 to reach 'consensus' with BJP, form govt in Jammu and Kashmir

Feb 25, 2015 at 09:35 | Source: FirstPost

For the first time in the history of the Muslim majority state of Jammu and Kashmir, the Bharatiya Janta Party will be part of the government which is likely to be sworn in before the upcoming budget session of the state assembly.Well-placed sources ...

J&K govt: PDP blinks on AFSPA, Article 370 to reach 'consensus' with BJP

Feb 25, 2015 at 07:14 | Source: FirstPost

For the first time in the history of the Muslim majority state of Jammu and Kashmir, the Bharatiya Janta Party will be part of the government which is likely to be sworn in before the upcoming budget session of the state assembly.Well-placed sources ...

Wall Street little changed with Yellen testimony on deck

Feb 24, 2015 at 23:30 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks were flat shortly after the open on Tuesday, as the Dow and S&P 500 held near record levels before testimony by Federal Reserve Chair Janet Yellen and a flurry of economic data. Yellen will give the central bank's...

J&K govt: PDP bends on AFSPA, Article 370 to reach 'consensus' with BJP

Feb 24, 2015 at 22:10 | Source: FirstPost

For the first time in the history of the Muslim majority state of Jammu and Kashmir, the Bharatiya Janta Party will be part of the government which is likely to be sworn in before the upcoming budget session of the state assembly.Well-placed sources ...

Janet Yellen says Federal Reserve flexible on rate rise

Feb 24, 2015 at 22:06 | Source: BBC

Janet Yellen, in her semi-annual testimony in Congress, has said the Federal Reserve can be flexible in determining when to raise interest rates, which have been near zero since 2008. Ms Yellen said that while the US economy was improving, the US emp...

Greece debt crisis: Eurozone backs reform plans

Feb 24, 2015 at 20:47 | Source: BBC

Eurozone finance ministers have approved reform proposals submitted by Greece in order to gain an extension of its bailout, officials say. The Eurogroup said it had agreed to proceed with national procedures - parliamentary votes in several states to...

Syriza dumps Marx for Blair

Feb 24, 2015 at 20:47 | Source: BBC

In the short course of the latest Greek financial crisis, Syriza appears to have transformed itself from what in the UK would be seen as traditional leftists into Blairites. In the reforms proposed by the Greek finance minister Yanis Varoufakis to se...

Greek compromise: How Syriza has had to change its plans

Feb 24, 2015 at 20:47 | Source: BBC

Syriza, the left-wing party that stormed to power in Greece in January, promised voters it would ditch austerity and renegotiate the country's €240bn (£180bn; $270bn) bailout with the European Union and International Monetary Fund. But with t...

PDP bends on AFSPA, Article 370 to reach 'consensus' with BJP for J&K govt

Feb 24, 2015 at 18:45 | Source: FirstPost

For the first time in the history of the Muslim majority state of Jammu and Kashmir, the Bharatiya Janta Party will be part of the government which is likely to be sworn in before the upcoming budget session of the state assembly.Well-placed sources ...

'Understanding' to form J&K govt: PDP bends on key planks to join hands with BJP

Feb 24, 2015 at 17:50 | Source: FirstPost

For the first time in the history of the Muslim majority state of Jammu and Kashmir, the Bharatiya Janta Party will be part of the government which is likely to be sworn in before the upcoming budget session of the state assembly.Well-placed sources ...

No guarantees from BJP: PDP yields on Article 370, AFSPA to form govt in J&K

Feb 24, 2015 at 16:59 | Source: FirstPost

For the first time in the history of the Muslim majority state of Jammu and Kashmir, the Bharatiya Janta Party will be part of the government which is likely to be sworn in before the upcoming budget session of the state assembly.Well-placed sources ...

Greece submits proposed reforms in bid for loan extension

Feb 24, 2015 at 16:46 | Source: BBC

Greece has submitted a list of reform proposals to its bailout creditors, the European Commission says. The measures include combating tax evasion and tackling the smuggling of fuel and tobacco. Newly elected Greek Prime Minister Alexis Tsipras is tr...

Bailout: EU Commission welcomes Greek list as 'valid starting point'

Feb 24, 2015 at 15:24 | Source: FirstPost

An official at the European Union's executive branch said on Tuesday that the list of reform measures Greece has sent to its creditors in order to get final approval for a 4-month bailout extension "is sufficiently comprehensive to be a valid st...

No guarantees from BJP: PDP caves on Article 370, AFSPA to form J&K govt

Feb 24, 2015 at 14:36 | Source: FirstPost

For the first time in the history of the Muslim majority state of Jammu and Kashmir, the Bhartiya Janta Party will be part of the government which is likely to be sworn in before the upcoming budget session of the state assembly.Well-placed sources t...

No guarantees from BJP: PDP caves on AFSPA, Article 370 to form J&K govt

Feb 24, 2015 at 12:51 | Source: FirstPost

For the first time in the history of the Muslim majority state of Jammu and Kashmir, the Bhartiya Janta Party will be part of the government which is likely to be sworn in before the upcoming budget session of the state assembly.Well-placed sources t...

Greece bailout: Government unveils reform summary

Feb 24, 2015 at 12:47 | Source: BBC

Greece has unveiled an outline summary of reforms demanded by eurozone leaders in order to secure a bailout extension. The measures include plans to combat tax evasion and tackling fuel and tobacco smuggling. Government officials said they were relea...

Budget 2015: Fiscal consolidation is the most important reform that markets are waiting for

Feb 24, 2015 at 08:33 | Source: FirstPost

A budget focused on fiscal consolidation will propel the Sensex and Nifty higher, bring down yields on the benchmark ten-year government bond and strengthen the rupee. Fiscal consolidation will drive in FII flows and rein in inflation expectations, a...

Greece bailout: Government unveils reform summary after press leaks

Feb 24, 2015 at 07:32 | Source: BBC

Greece has unveiled an outline summary of reforms demanded by eurozone leaders in order to secure a bailout extension. The measures include plans to combat tax evasion and tackling fuel and tobacco smuggling. Government officials said they were relea...

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