In a potentially-damaging report ahead of his retirement from politics, Chinese Premier Wen Jiabao's family was on Friday accused of amassing assets worth at least $2.7 billion, prompting Beijing to denounce the charge as a "smear campaign."
The US, he said, is working in the G-20 to help build consensus on long-term reforms that will provide the foundation for a more balanced, more stable global economy.
The Internal and external security agencies, Intelligence Bureau and Research and Analysis Wing, should have professional and democratic framework that would enable the bodies to work more effectively, a draft report prepared by experts said.
Many from this small lender have made it to other bank boards over the past 5 years
He has had a productive first year at the RBI -- one which saw, also, India's economic imbalances improve and the unexpectedly strong general election outcome.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
The Secure Federal File Sharing Act, introduced as a way to protect government information critical to citizens' privacy or America's national security, prohibits government employees and government contractors from installing dangerous file-sharing software on their government computers, a media release said.
The global financial crisis that started in the later part of 2008 following the collapse of the Wall Street investment bank Lehman Brothers may be over but the cleaning up process is still on, said Chairman of Federal Deposit Insurance Corporation Sheila Bair on Tuesday.
The massive US civilian aid flowing into Pakistan would be squandered or stolen, a powerful American Senator has said, arguing that rampant corruption in that country would make effective aid distribution a challenge.
Car recalls have now become the flavour of the season, a byproduct of the booming auto business.
The central bank has vehemently opposed the proposal, citing different reasons, including lack of focus and unconvincing results abroad.
Expressing concern over the crisis that has ravaged Eurozone, Prime Minister Manmohan Singh said on Tuesday that the developing world may be hit by these recessionary trends and urged the rich nations to adopt quick and effective measures 'to prevent the global economy from slipping into a double-dip recession'.
The payment of $1,90,000 to a high-profile lobbyist firm in Washington, BGR Holding, was made by RIL in the first quarter of 2009, and is the first instance of any lobbying by the Indian company with the US lawmakers.
United States President Barack Obama on Tuesday lifted the freeze on military trials for Guantanamo Bay terror suspects by signing an executive order that will create a formal system of indefinite detention of such prisoners. Within hours of his taking over as the President, Obama announced a freeze on Guantanamo Bay trials along with a vow to shut down the infamous camp within a year.
United States President Barack Obama has ended years of 'veto power' wielded by Pakistan in Afghanistan over India's active involvement in the country post-Taliban, a US expert on South Asia has said. Because of Pakistan's stiff resistance and opposition to involve India in any way in Afghanistan that the Bush administration was literally prevented to take any move to include New Delhi as part of its regional strategy on Afghanistan, said Deepa Ollapally.
Both the surging food prices in 2007 and 2008 and their subsequent drop in some areas are a result of large-scale speculation by financial investors, a new report by the United Nations trade body says, calling for greater regulation to protect millions of poor people worldwide.
'The finance minister and the government have met the immediate challenge. The wine this time is new and also in a new bottle, which, though not full, is less than half empty.'
Drawing parallel with the Financial Stability Oversight Council in the US, the sources maintained that the proposed FSDC in India will not breach the autonomy of the regulators, a concern which has been voiced by the RBI.
Oil scandal: UN to follow-up on inquiry committee's recommendations
"Over the last few decades, revolutions in technology and communication have made it so that corporations can send good jobs wherever there's an Internet connection. Children here in Missouri aren't just growing up competing for good jobs with children in California or Indiana, but with children in China and India as well," Senator Obama said at a campaign rally in Springfield, Missouri.
"Granting a visa to Narendra Modi would be contradictory to international law and would only serve to validate the chief minister's abhorrent policies and actions," Congresswoman Betty McCollum wrote in a letter to Secretary of State Condoleezza Rice.
A multi-party delegation of Indian Parliamentarians is in New York to participate in a leadership programme, under which they will discuss pressing global issues, including climate change and sustainable development, with the American leaders and experts. The group of 13 MPs, both from the ruling coalition and opposition, arrived at the Yale university on Sunday to attend the four-day long programme, complemented by two-days of meetings, discussions and interactions.
The short-term recommendations include improvements to regulatory coordination and oversight that regulators can make quickly. The blueprint recommends creating a new federal commission for mortgage origination to protect consumers better. The report also recommends modernizing the President's Working Group on Financial Markets and clarifying the Federal Reserve's liquidity provisioning.
The US, which witnessed one of the worst economic crisis in recent times, is coming out of recession faster and stronger than many countries of the world, a top Obama Administration official has said.
California representative Lantos was one of the key members of the Congress who were instrumental in getting the Henry J Hyde Act pertaining to the civilian nuclear initiative between India and the United States passed in 2006.
Lantos was one of the critical law makers involved in the passage of the Henry Hyde Act of 2006 on the Indo-US nuclear deal. A strong supporter of India, he had made no bones of his displeasure on New Delhi's relations with Iran.
United States President Barack Obama did not pay full attention to the war on terror in his first year in office as he was 'distracted' by domestic issues like health care and climate change, officials associated with the 9/11 commission have said, describing the botched Christmas Day bombing as 'a wake-up call.'
The Indian economy suffers deep structural flaws that piecemeal measures in the Budget are unlikely to solve.
'In addition to FDI, we welcome portfolio investment in Indian companies,' said Singh.
Appearing before a Congressional hearing, Assistant Secretary of State for South and Central Asia Richard Boucher was asked if Khan had been questioned by US intelligence officials.
Bank has apologised and vowed it has recently overhauled its anti-money-laundering efforts.
To plug claims mismanagement, the Insurance Regulatory and Development Authority of India (Irdai) is bringing reforms in the mediclaim segment.
Rajan, a professor at the University of Chicago, said if the money raised by the government was not spent, it could result in inflationary pressures, pushing up real interest rates. The problem could get aggravated if foreign capital flows rose, said Rajan, who was in Mumbai to deliver a lecture.
The Chinese Communist Party Congress -- that will undertake the once-in-a-decade leadership change -- opened in Beijing on Thursday with outgoing President Hu Jintao issuing a stark warning against corruption in the party ranks. In his work report outlining the decade-long achievement of the party under his leadership, Hu said the Party must make unremitting efforts to combat corruption, promote integrity and stay vigilant against degeneration.
Deven Sharma, president of Standard and Poor's, tells Devjyot Ghoshal that the market and the investor will have the final say on the way forward.
Volcker said while some countries responded well to his findings, many others, particularly smaller nations, have not taken steps to deal with corruption.
Asking India's Reliance Industries and other energy firms doing trade with Iran to choose either Tehran or Washington, US Senators have moved a bill aimed at penalising such companies.
The panel would like to submit its final report by the month end, said Moily, who is also chairman of the Administrative Reforms Commission.
'Through the use of technology, the GSTN will tip the balance in favour of compliance rather than tax evasion, lowering the barriers for entry into the tax payment system while making it much harder to cheat on payments,' says Nandan Nilekani.
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