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Home -> Finance -> News

NATIONAL
Indian firms are still pygmies: Anil Ambani
India has to emerge as an economic superpower and produce a large number of global companies, Reliance Vice-Chairman Anil Ambani said.

Major markets closed today for Lok Sabha polls
All the major markets, including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) Foreign Exchange (FOREX), Government Securities, Overnight Call Money, Bullion and commodity markets are closed today (Apr 26, 2004) for the second phase of Lok Sabha elections.

INTERNATIONAL
'Don't punish India for good economic performance'
India has said it should "not be punished" for good economic performance and demanded that the developed countries should hike their aid for rooting out the poverty in the country.

World Bank lauds India's primary education plan
The World Bank has lauded India for the "remarkable progress" it made in alleviating poverty as well as educating children through the Universal Elementary Education programme.

Global aid needed to meet India's Millennium goals
Though India's recent growth rate has been universally admired, without more international assistance and for longer periods, the country will be unable to reach most Millennium Development Goals, Finance Secretary D C Gupta said today (Apr 25, 2004). "The South Asia region, and particularly the countries in our constituency (the Indian Executive Director also represents Sri Lanka, Bangladesh and Bhutan) are on track to meet the goal of income poverty," Gupta told the development committee of the World Bank and International Monetary Fund.