Scam versus scam politics stalls India's reform agenda

Last Updated: Thursday, July 23, 2015, 21:11

Since the monsoon sitting of parliament began on Tuesday, the ruling Bharatiya Janata Party (BJP) and the main opposition Congress party have been trying to outdo each other with accusations of who is the most corrupt.

Greece creditors `satisfied` with new reform vote

Last Updated: Thursday, July 23, 2015, 19:52

Greece`s international creditors are satisfied with the Greek parliament`s adoption Thursday of a second batch of reforms needed to unlock another bailout for the cash-strapped country, an EU official said.

EU, IMF, ECB, eurozone chiefs to speak today on Greece

Last Updated: Friday, July 10, 2015, 16:49

Commission spokesman Margaritis Schinas told a press conference that Jean-Claude Juncker, Christine Lagarde, Mario Draghi and Jeroen Dijsselbloem would discuss the plan in a conference call at 1100 GMT.

EU, IMF, ECB, eurozone chiefs to speak Friday on Greece: EU source

Last Updated: Friday, July 10, 2015, 15:44

The heads of the EU, IMF, European Central Bank and the eurozone on Friday will discuss a last-ditch reform plan that Greece submitted in a bid to avert financial collapse and exit from the eurozone, EU sources said.

Greece races against clock to submit reform proposal

Last Updated: Wednesday, July 8, 2015, 21:20

Greece submitted a request for aid from Europe's bailout fund today, and is rushing to detail a plan of economic reforms that creditors want to see this week if they are to save the country from financial collapse and keep it in Europe's joint currency.

Europeans tried to block IMF debt report on Greece: Sources

Last Updated: Saturday, July 4, 2015, 08:58

Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece`s debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday.

Greeks deeply divided heading into crucial vote

Last Updated: Saturday, July 4, 2015, 08:55

Tens of thousands of Greeks took to the streets on Friday in rival rallies that laid bare the deep divide heading into a referendum that may decide the country’s future in Europe’s single currency.

Factbox: What looms for Greece after referendum

Last Updated: Friday, July 3, 2015, 14:19

Greek Prime Minister Alexis Tsipras`s plan to hold a referendum on Sunday on creditors` demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks and left its future in the euro in doubt.

Greece debt crisis may disrupt its food and wine trade, warn experts

Last Updated: Friday, July 3, 2015, 12:41

Greece`s beleaguered agriculture sector may take another hit as the uncertainty over the crisis-stricken country`s fate threatens to disrupt the food and wine trade, experts have said.

Greece issue not greasy for India: Raghuram Rajan

Last Updated: Thursday, July 2, 2015, 18:40

India`s exposure to cash-strapped Greece was very limited and the central government was in talks with the central bank on providing additional capital to public sector banks, a top Reserve Bank of India (RBI) official said on Thursday.

Indian businesses turn sceptical on PM Modi's landmark tax reform

Last Updated: Thursday, July 2, 2015, 09:27

Companies are equally worried that the reform does not extend to real estate, one of the biggest revenue generators for the states, leaving them still subject to state taxes on plant and property, possibly including machinery.

Eurogroup talks on Greece delayed to 1530 GMT: Spokesman

Last Updated: Wednesday, July 1, 2015, 13:40

Eurozone finance ministers will resume talks on the Greek crisis on Wednesday later than planned after declining the country`s request for a two-year financial aid package, a spokesman said.