Page-2 of International macroeconomics

FDI norms for banks eased: DIPP

August 6, 2012

As per the Department of Industrial Policy and Promotion (DIPP), any kind of corporate debt restructuring or loan restructuring mechanism will not be considered as Foreign Direct Investment (FDI) in those banks which have foreign entities as majority shareholders. Earlier, ..

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China now relies on American exports

July 22, 2012

A deteriorating Chinese economy, affected by a further slowdown, has become a cause of concern for the United States officials and the two presidential campaigns, as Chinese companies is showing grater dependence on exporting to the American market. What is ..

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G20 concurs to boost infrastructure investment

June 21, 2012

In a big advantage to India, the G20 countries agreed to give precedence to investment in infrastructure in developing countries in order to fuel global growth which has been hindered due to the weakening world economy and the Euro zone ..

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1991-like crisis highly improbable: D Subbarao

June 18, 2012

As per RBI governor D Subbarao, despite high fiscal and current account deficit it is highly improbable that India could witness the replication of the 1991 economic crisis that was caused by similar reasons. As per him factors like floating ..

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G-20 Cannes summit 2011

December 29, 2011

G-20 is a group of finance ministers and central bank governors from 20 economies which include 19 countries viz. South Africa, Canada, Mexico, United States, Argentina, Brazil, China, Japan, South Korea, India, Indonesia, Saudi Arabia, Russia, Turkey, France, Germany, Italy, ..

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Currency Exchange Rate Oversight Reform Act of 2011

December 7, 2011

Currency Exchange Rate Oversight Reform Act of 2011 Recently, the US Senate voted to advance a Bill pressuring China to prevent undervaluing its currency. The Senate voted in favour of the proposed Currency Exchange Rate Oversight Reform Act of 2011. ..

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