Outflow from developing nations a matter of concern: Sinha

Last Updated: Wednesday, September 2, 2015, 22:02

Expressing concerns over the outflow of funds from developing countries, including India, through money laundering and other ways, Minister of State for Finance Jayant Sinha Wednesday said as much as USD 300-600 billion moves out through such channels.

HSBC ends sponsorship of key emerging market indexes

Last Updated: Friday, June 26, 2015, 20:52

Banking giant HSBC has ended its five-year sponsorship of a closely watched series of business activity surveys, financial research group Markit, which compiles the data, said Friday.

India leads emerging economies in growth chart, GDP set to surpass China this year

Last Updated: Thursday, June 11, 2015, 09:23

India with an expected growth rate of 7.5 percent this year is set to surpass China and for the first time is leading the World Bank's growth chart of major economies.

India offers to waive off visa fees to LDCs at WTO meet

Last Updated: Sunday, February 8, 2015, 17:00

India has made substantial offers like waiving off visa fees, granting market access and technical assistance to service providers from poor nations, showing its resolve to support the Least Developing Countries.

World Bank sees growth pick-up for developing countries

Last Updated: Wednesday, January 14, 2015, 04:17

The World Bank on Tuesday predicted a pick-up in economic growth for developing countries, spurred by falling oil prices and despite a slight slowdown in global engine China.

Remittances are more stable than other capital flows:WB

Last Updated: Thursday, January 8, 2015, 08:47

Describing remittances as a significant source of inflows to many developing countries like India, which received maximum remittances in 2013, the World Bank has called for removing impediments to its flows arguing that remittances are more stable than other capital flows.

Inequality worst in decades in range of countries: OECD

Last Updated: Tuesday, December 9, 2014, 10:31

The gap between the rich and poor in a range of countries has reached its widest in 30 years and the trend has harmed growth, the OECD said on Tuesday.

India 5th largest exporter of black money between 2002-11: Report

Last Updated: Thursday, December 12, 2013, 13:31

India ranked fifth largest exporter of black money between 2002-2011, with a total of USD 343.04 billion, and in 2011 it was placed third when USD 84.93 billion was sent abroad, according to a new report.

Amount of dirty money leaving developing world jumped 14% in 2011: Report

Last Updated: Thursday, December 12, 2013, 13:11

Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nations is accelerating, a new report found.

Sudden setback to WTO as Latin American nations reject package

Last Updated: Saturday, December 7, 2013, 09:05

In a sudden turn of events, four Latin American countries including Cuba and Bolivia have rejected the WTO's Bali package, a setback to the draft agreement which was to be ratified by the WTO members.

WTO's trade facilitation pact to reduce cost, boost industry

Last Updated: Saturday, December 7, 2013, 09:03

The trade facilitation, which was agreed by the World Trade Organisation (WTO) members after four days of hectic negotiations, will help developing countries including India to reduce transaction cost and improve competitiveness of domestic industry.

Experts develop new soil testing gear for developing countries

Last Updated: Friday, October 18, 2013, 00:28

Scientists from the University of Maryland and Columbia University have designed a new soil testing kit for the benefit of the farmers in developing countries.