Washington
US fears about India tax law misplaced: Mukherjee
Finance Minister Pranab Mukherjee on Friday dismissed as unfounded concerns by U.S. business groups that revised Indian tax laws might make foreign investors retroactively liable for taxes dating back
75% of poor are 'unbanked': World Bank
Three quarters of the world's poor, living on less than $2 a day, have no bank account, further driving the vicious cycle of poverty, the World Bank said in a report on Thursday.
The lack of bank acc
'Unresponsive' pilot crashes in Gulf of Mexico
A personal transport plane crashed into the Gulf of Mexico on Thursday after circling in an "unresponsive" flight pattern for several hours, US officials said.
The US Air Force had scrambled two F-15
BRICS demand bigger IMF role before giving it cash
The International Monetary Fund's bid to win a big boost in funding to handle the eurozone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as
US warns India about investment, tax changes
US Treasury Secretary Timothy Geithner told his Indian counterpart Thursday that US businesses have become worried about changes in India's tax regime for foreign companies.
In a meeting ahead of the
India asks G-20 to make 'credible and ambitious' action plan
India has called upon G-20 nations, the world's top economies, to work out a 'credible and ambitious' action plan to put the global economy firmly on the path of recovery as also promote strong, susta
Lagarde assures IMF able to boost crisis funds
IMF head Christine Lagarde said on Thursday that the crisis lender would get a significant boost to its intervention capacity this week as worries mounted that Spain might be the next eurozone country
Geithner presses India on proposed changes to tax law
U.S. Treasury Secretary Timothy Geithner on Thursday, reflecting concerns in the U.S. business community, pressed Finance Minister Pranab Mukherjee for reassurances India remains open to foreign inves
BRICS ready to flex muscles at G20 meet
China and other BRICS emerging economies are set to flex their muscles as the top finance officials of the G20 and the IMF meet Friday seeking to raise $400 billion to prevent financial contagion.
Ha
'Opposed to Afghan troop withdrawal, peace talks with Taliban'
A top Republican Senator has criticised the Afghan policy of US President Barack Obama, opposing his troop withdrawal plan from the country and the peace talks with the Taliban.
Republican Senator J
