Reacting to correctionary measures, China’s rate of inflation is going down straight for the past three months. Few months ago, inflation rate in China was becoming a major concern for the economy.
Though the Vedanta mining project in Orissa, an eastern state of India, is going to have a devastating effect on the tribes of the region, the Center seemed to have turned a blind eye to the irregularities of the project and the Orissa government was vehemently opposing it.
BRICS leaders launched a $100 billion development bank and a currency reserve pool on Tuesday as a means of a big step forward towards formation of an alternative to Western-dominated international system of finance. The bank will give funds for infrastructure projects in developing nations based in Shanghai and India will preside over its operations […]
