Washington India and China have made important in-roads into reducing poverty, a top International Monetary Fund (IMF) official said, adding at the same time with high growth, they have also seen rising inequality.

"India and China too have made important in-roads into reducing poverty. Yet, with high growth, they have also seen rising inequality. Those inequalities need more attention. So we need growth. We need equitable growth. We need inclusive growth," IMF Managing Director, Christine Lagarde, said.

After Portugal's driest February in 80 years, farmers are praying for a miracle as drought ravages pastures and sparks forest fires, exacerbating the country's economic crisis.

What do the financial and economic crises of the high-income countries mean for emerging and developing countries?

The Union Cabinet, on Tuesday, is likely to take up the National Manufacturing Policy, which aims at developing mega industrial zones with flexible labour and environmental laws.

Official conservative estimates suggest that floods in Sindh would affect the gross domestic product (GDP) by about 0.5 percent and GDP growth would be at around 3.7 percent of the GDP against the

There is a China hand in India's inflation, one important reason why the steady rise in interest rates may not be cooling the high inflation.

WASHINGTON: The World Bank and IMF are proposing global carbon taxes on aviation and ship fuels in developed economies to help reduce carbon dioxide emissions, according to a draft proposal seen by

Raghuram Rajan India

The UN secretary-general, Ban Ki-moon, pressed debt-ridden donor countries on Monday not to cut aid to the poor despite their budgetary woes.