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Brazil to be world's sixth largest economy in 2011 [11/01/2011]
'India's overall deficit in FY12 likely to be at 8.6% of GDP' [10/31/2011]
'Need to allow life insurers to invest in non-AAA rated bonds' [10/31/2011]
Food Bill: Govt may raise general quota if output improves [10/31/2011]

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Nupur Mitra to be next CMD of Dena Bank

"Although all the $5 billion of India's oil debt has been cleared, because of selling oil again Iran will always be a creditor of that country," Bahmani said, adding the payment was received in cash and not in kind through a bartering system. "So far, Iran has not had a bartering system with India for receiving oil debts but if it happens it would be for those products which are of a high quality and are needed by Iran," he said. [More]
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