Posts Tagged ‘p chidambaram’

India’s Economy Hits the Wall

We have a government in New Delhi with the best brains, the dream team — Oxford-educated Prime Minister Manmohan Singh and Harvard-educated Finance Minister P. Chidambaram. If they don’t deliver, then what?

Just six months ago, India was looking good. Nothing, it seemed, could stop the forward march of this Asian nation.

Indian Finance Minister blames US for diverting food products to make biofuels

india-blames-us-for-diverting-food-products-to-make-biofuels.jpg

Growing world economies, rising food demand and expansion of corn for producing bio-fuels has caused food inflation.

Indian Finance Minister P. Chidambaram blamed countries like the US for diverting food grains such as corn for producing bio-fuels, which led for to soaring food grain prices globally.

India banned exports of Edible Oils and even raised rice export prices to control rising prices.