Prime Minister Manmohan Singh on Friday blamed "failure" of international surveillance, supervision and regulatory mechanisms for the current global financial crisis and sought immediate "coordinated action" to restore confidence and "de-clog" the credit market.
Read more »PM blames 'three failures' for global financial crisis
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India’s financial sector stable: RBI
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After his first review of monetary policy, Reserve Bank Governor D Subbarao on Friday asserted that Indian financial system is stable and healthy and said domestic banks have suffered some mark-to-market losses on account of exposure in foreign assets.
Read more »Financial crisis may escalate food prices worldwide: UN
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The global financial crisis is exacerbating concerns about surging food and fuel costs, which has pushed 75 million into poverty, the United Nations chief said on Thursday, terming the turmoil a "colossal human tragedy".
Read more »India can weather financial storm: FM
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Finance Minister P Chidambaram expressed confidence that India can weather the storm of financial crisis blowing across the world saying the country's economic fundamentals and the banking system were strong.
Read more »World Financial Crisis: India's Hurting, Too
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It's been one action-packed week in India. The Bombay Stock Exchange Index, or Sensex, tumbled 6% to a two-year low. For the first time in five years, the central bank cut the cash reserve ratio—the amount of funds that banks have to keep with the Reserve Bank of India—by 50 basis points, to 8.5%, on Oct. 6.
Read more »IMF warns of financial meltdown, backs G7 plan to stabilise markets
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The IMF warned on Saturday that the world's financial system was near meltdown and France promised that a meeting of European leaders in Paris will detail measures to keep a market panic from triggering the most severe global downturn in decades.
Read more »Traders Press Inc introduces Commodity Calendar 2009
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The calendar is widely used by professional commodity traders. This year edition has been updated with many upcoming events, expiration contracts, and government documents release dates.
Read more »LearnAboutFutures.com has been updated
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The educational resource has now been updated with many features in order to enhance traders knowledge and insights as well as introduce new tools to take part in the commodity markets.
Read more »Why India stands largely insulated from global financial crisis
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The collapse of the mighty global financial system has triggered a series of chain reactions in India, but the impact is not going to be as widespread as earlier imagined. The reasons are numerous.
Read more »India can’t remain untouched by global financial crisis: PM
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Hinting that India cannot remain untouched by the financial turmoil in the US, Prime Minister Manmohan Singh has said the nation's capacity to finance development will be affected and exports compromised if major economies go into recession.
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