sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« General »
 Common mistakes to avoid while filing your Income Tax Returns
 Income Tax Return filing season is here – Check top tricks to save money
 What is Income Tax Clearance Certificate? For whom is it a must?
 Don’t forget to mention these small things while filing income tax returns
 Wondering about your eligibility to file Income Tax Return?Read on
 Income Tax Return filing: How to link Aadhaar number with PAN card?
 India notifies rules for income tax computation for foreign firms
 How to save income tax by rejigging your salary
 How to fill tax exempt income and bank details section in ITR1
 Interest income from an NRO account is fully taxable in India
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute

G20 agrees tougher financial regulations, vows to avoid currency war
November, 12th 2010

G20 leaders drew a veil over weeks of bickering about their economic policies on Friday and agreed to tackle global "tensions and vulnerabilities" that have raised the spectre of a currency war and trade protectionism .

The developed and emerging nations agreed at a summit in Seoul to set vague "indicative guidelines" measuring imbalances between their multi-speed economies but, calling a timeout to let tempers cool, left the details to be discussed in the first half of next year.

In a communique signed off at the end of the gathering, the group's fifth since the financial crisis exploded in 2008, the leaders vowed to move towards market-determined exchange rates and shun competitive devaluations.

They also agreed that there was a critical, but narrow, window of opportunity to conclude the long-elusive Doha round of trade liberalisation launched in 2001.

"Risks remain," the communique said. "Some of us are experiencing strong growth, while others face high levels of unemployment and sluggish recovery.

Uneven growth and widening imbalances are fuelling the temptation to diverge from global solutions into uncoordinated actions."

The G20's accord sought to recapture the unity that was forged in crisis two years ago.

The G20 has since fragmented as a synchronised global recession gives way to a multispeed recovery. Slow-growing advanced economies have kept interest rates at record lows to try to kickstart growth, while big emerging markets have come roaring back so fast that many are worried about overheating.

The leaders did not venture much beyond what was already agreed by their finance ministers last month. They were unable to reach a consensus on how to identify when global imbalances pose a threat to economic stability, merely committing themselves to a discussion of a range of indicators in first half of 2011.

Negotiators had laboured until the early hours of the morning to thrash out an agreement their leaders could all endorse, despite deep divisions that were on public display in the days before the meeting.

Tempers had flared over the U.S. Federal Reserve's latest bond-buying programme aimed at strengthening a shaky recovery, and Ireland's worsening debt troubles served as a reminder that the financial system is far from fully healed.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions