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    • Rajan warns against perils of breakneck economic growth

      Reserve Bank Governor Raghuram Rajan called for drawing right lessons from Brazil, which was a high growth market till recently but is now beset with economic woes, leading S&P to demote it to "junk" status

    • Govt to ease process of doing business in India: Jaitley

      He also said that the GDP growth rate this year would be 7.5 percent and hopefully higher in the next year.

    • See 5% growth this year if more reforms announced: Deutsche

      Despite the economic crisis in India the foreign investors have stayed very much put which reflects their longer view on India, says Gunit Chadha, member - Group Exec Committee, Deutsche Bank.

    • Currency rout hits India, Brazil, other emerging economies

      A fierce selloff in many emerging currencies shows no sign of abating as the expected withdrawal of US monetary stimulus prompts investors to shun markets seen as riskier because of funding deficits, slowing economies and inflation.

    • Will consult all ministries before hiking FDI cap: Sharma

      Industries and Commerce minister Anand Sharma said that he will be consulting all the ministries before raising the limits on foreign direct investment (FDI) in the defence sector.

    • India likely to improve fiscal situation in 2013: IMF

      At a time when many countries are facing challenges on the fiscal consolidation front, India with its favorable interest rate-growth differential has an advantage in addressing deficit concerns this year, International Monetary Fund (IMF) said on Tuesday.

    • How Obama's budget stacks up against House, Senate plans

      President Barack Obama weighed into Washington's budget wars on Wednesday with a third entry that offers Republicans a modest concession on entitlement programs but demands that the wealthy pay more in taxes.

    • Republicans unveil ten-year plan to shrink US deficit

      A 10-year, USD 4.6 trillion balanced budget proposal unveiled by Republicans on Tuesday could either be shelved within weeks or help jump-start negotiations with President Barack Obama toward a major deficit-reduction deal.

    • Economy, inflation surprising on the upside: Credit Suisse

      Leading brokerage Credit Suisse has said the economy will grow faster than anticipated as it is entering a "sweet spot" with both inflation and the twin deficits likely to throw up surprises on the upside this year.

    • RBI lauds reforms, says more needed

      The Reserve Bank of India said the government's reform efforts are a move in the right direction but said swift implementation and further measures are needed, and warned that inflation remains a risk, a day before it is expected to keep interest rates on hold.

    • S&P affirms Portugal BB long-term rating; outlook negative

      Ratings agency Standard & Poor's on Thursday affirmed Portugal's BB long-term sovereign credit rating, saying the country has appeared to stick to its bailout terms over the past year.

    • Sensex tumble as rupee drops to record low

      The BSE Sensex fell 1.8% on Wednesday to its lowest levels in over 4 months as the rupee dropped to a record low reinforcing uncertainty about the country's fiscal and economic fundamentals at a time of steep global risk aversion.

    • Can't let deficit fears stop investments: Geithner

      Americans can't let fear of deficits stop necessary government spending, US Treasury Secretary Timothy Geithner said on Wednesday.

    • US lawmakers abandon deficit-cutting effort

      US lawmakers abandoned their high-profile effort to rein in the country's ballooning debt on Monday in a sign that Washington likely will not be able to resolve a dispute over taxes and spending until 2013.

    • Obama seeks $467bn in cuts to offset jobs plan: White House

      US President Barack Obama will propose USD 467 billion in budget cuts to offset the cost of job-creation package, White House Budget Director Jack Lew said on Monday.

    • Outlook for tech spending getting darker

      Hopes are rapidly dwindling that there will be even modest growth in technology spending during the second half of 2011. And 2012 may be no better.

    • Obama says spending cuts could trigger second recession

      President Barack Obama said on Wednesday he believes the US economy could lapse back into recession if government spending is cut too deeply.

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