WEF: ‘Privatise Profits, Socialise Losses’

By Ravi Kanth Devarakonda GENEVA, Jan 28 (IPS) – The Davos delegate seems short of faith this year about anyone’s ability to save the world from the financial tsunami that the bosses have unleashed. And with colleagues such as Ramalinga...

FCNR deposit rates up

Mumbai: Atleast four leading banks today hiked their interest rates in foreign currency deposits, apparently with a view to mop up more such deposits in the face of tight liquidity conditions. These banks are the State Bank of India, Bank of Baroda,...

Why food prices rising the world over?

The trading frenzy that sent prices soaring By Iain Macwhirter Published 17 April 2008 Iain Macwhirter on why the price of basic foodstuffs rocketed, from London to Haiti Four people were killed in food riots in Haiti. From Bolivia to Uzbekistan there...

Economic reforms:India should avoid mistakes of Latin America

By Girish Mishra New Delhi: In India, especially in the media and think tanks, there is no dearth of people educated in the formal sense of the term. It is, however, a different matter that many of them have nothing to do with rational thinking based...

World Bank: Time for a fresh look at its utility

By Girish Mishra New Delhi: The World Bank, a prominent Western financial institution, has played a major role in the changed strategy of imperialism, pursued after the Second World War. This strategy has been known as Neocolonialism. One can hardly...