A perfect storm had hit the world, so, how can India be indifferent to it? The impact of the crisis is so vast that, even the Finance minister had to cancel his scheduled trip to Washington. According to a spokesperson, the decision was made, so that, government could prepare to ...

Effects of the global financial crisis have already precipitated at each and every corner of the world. Alarm bells had already ranged, when Bush administration was considering taking ownership stakes in certain US banks by passing $700 billion bailout as an option to deal with a severe global credit crisis. ...