-The Hindu Even as the Reserve Bank of India (RBI) frets over the high rate of inflation and wards off pressures to cut interest rates, it is faced with another challenge. Balance of payments data for the second quarter of 2012-13 show that the current account deficit continues to rise, and has touched a record 5.4 per cent of GDP. Both of these developments that would be considered signs of “overheating”...
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Muslim states agree to 'historic' UN statement on women
-AFP UNITED NATIONS: Muslim and western nations on Friday overcame deep divisions to agree a historic United Nations declaration setting out a code of conduct for combating violence against women. Iran, Libya, Sudan and other Muslim nations agreed to language stating that violence against women and girls could not be justified by "any custom, tradition or religious consideration." Western nations, particularly from Scandinavia, toned down demands for references to gay rights and sexual...
More »Developing countries experiencing unprecedented growth, says UN report
-The United Nations The rapid growth of developing countries is propelling millions out of poverty on an unprecedented scale and radically reshaping the global system, according to a flagship United Nations report launched today. “The rise of the South is unprecedented in its speed and scale,” says the Human Development Report 2013, which uses the term “South” to mean developing countries and “North” to mean developed nations. “Never in history have the...
More »We Have Created Path for Permanent Development: UP CM
-Outlook Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav, who today completed one year in office, claimed that his government has created 'path for permanent development' of the state and people's faith in democracy has increased. "We can claim that in the last one year we have created path for the permanent development of the state. The government has worked in every sector and taken the state forward," Akhilesh said here on the...
More »Cobrapost's Shocking Mega Expose: Major Indian Private Sector Banks, HDFC Bank, ICICI Bank and Axis Bank, Are Blatantly Running A Huge Nation-wide Money Laundering Racket
-CobraPost.com Cobrapost's Shocking Mega Expose: Major Indian Private Sector Banks, HDFC Bank, ICICI Bank and Axis Bank, Are Blatantly Running A Huge Nation-wide Money Laundering Racket New Delhi: A Cobrapost pan-India undercover investigation spanning several months, unearths a vast, nation-wide money laundering racket being run by HDFC Bank, ICICI Bank and Axis Bank. The brazen criminal activity by these banks is channelizing vast amounts of black money into the regular banking...
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