May 18: Bajaj profit zooms
May 18: Bajaj profit zooms
Planning Commission Deputy Chairman Montek Singh Ahluwalia speaks during a conference in New Delhi
Planning Commission deputy chairman Montek Singh Ahluwalia said on Wednesday he was not putting forward his name for the International Monetary Fund chief's post.
IMF chief Dominique Strauss-Kahn has been charged with trying to rape a hotel maid in New York, a scandal that upends his plans to run in France's presidential election and which throws the leadership of the global lender into turmoil.
Shipping containers stand stacked at the Container Terminal at the Cochin Port on Willingdon Island in Kerala
The government has decided to end a tax incentive scheme for exporters on June 30, the country's revenue secretary said on Wednesday, as the export industry in Asia's third-largest economy was doing well and needed no incentives.
Speaking to reporters, Sunil Mitra said the government faced an estimated annual loss of Rs 8,000 cr from the Duty Entitlement Pass Book scheme (DEPB), which began in 1997.
A street sign is seen on Wall Street outside the New York Stock Exchange York
Increasing myopia among investors and distorted financial pricing may be exacting a high economic and social toll.
What's been clear to most observers since the credit crisis brought the world's biggest financial firms close to collapse and triggered the deepest global recession in recent history is that free markets don't always deliver optimal outcomes and the self interest of shareholders can't always be relied upon.
IMF chief Dominique Strauss-Kahn puts his finger to his ear as he stands before judge Melissa Jackson in Manhattan Criminal Court during his arraignment in New York
Dominique Strauss-Kahn faced growing pressure to quit as head of the IMF after his arrest on attempted rape charges, as some French politicians expressed outrage over his treatment by US authorities.
The battle to succeed Strauss-Kahn, who is alone in a cell at New York's notorious Rikers Island jail, heated up when China, Brazil and South Africa challenged Europe's long-standing grip on a job that is pivotal to the world economy.
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