BRICS Upon BRICS: Now A $100 Billion Bank

   Brazil has been a destination and centre of attraction in recent days, not just for organising the FIFA World Cup 2014 but also for hosting the second cycle of the BRICS (Brazil, Russia, India, China, South Africa) Summit.   The key focus of the 6th BRICS Summit in Brazil at Fortaleza was the setting … Continued

Railways, Coal Transport Are Not Side Issues, They Are Core Issues: Rakesh Mohan

Dr Rakesh Mohan, executive director, International Monetary Fund, in conversation with Govindraj Ethiraj at Growth Net.   Govind: There is political change on the Indian horizon. Does that also mean there’s economic change ahead? What are the preconditions, as we sit here today, at much lower growth rates than ever before or at least in … Continued

Chidambaram refutes IMF growth figures, says economy will grow at 5-5.5%

Finance Minister P Chidambaram expects the economy to grow at over 5% and perhaps closer to 5.5% in the current financial year.   Rejecting the 3.8% growth projection of the International Monetary Fund (IMF) for India in the current year, Chidambaram said: “Set against the current global economic background, even a growth rate of 5% … Continued