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Obama vows to fight India, China for new jobs
Wed Aug 4 22:54:25 2010

WASHINGTON: US President Barack Obama has vowed to give tough competition to India and China for millions of potential jobs in the American clean energy industry, once again raising the bugaboo of outsourcing.

"For generations, manufacturing was the ticket to a better life for the American worker," he said at a... Read More

Rupee gets a new symbol
Thu Jul 15 02:33:31 2010

India has finally got a symbol for the Rupee and joined a select club of countries whose currencies have an unique... Read More

What is a CRR rate?
Fri Jun 25 03:58:14 2010

Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.

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Is Economics Autistic? Can it Be Reformed?
Thu Jun 24 00:25:53 2010

If we want economics to be more useful, that is to create more models which accurately describe "real world" phenomena, then we must use more accurate assumptions. There are quite a few costs in doing so, however. First economists would need to spend more time on the "front-end" of their research, that is, they would need to spend more... Read More

ING to sell its stake in Kotak Mah for $173 mn
Wed Jun 23 21:56:22 2010
MUMBAI: Dutch financial services group ING is selling its entire 3.1% stake in India's Kotak Mahindra Bank to raise up to $173 million , a source with knowledge of the matter said on Wednesday. The shares would be sold at Rs 730 to Rs 750 each, said the source, who refused to be named as he was not authorised to speak to... Read More


Owner:  Economics Editor Created: Jun 23,2010
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