Growth will be favoured over austerity

June 20, 2012

Los Cabos, June 20 (ANI): Secretary at India’s Department of Economic Affairs, R. Gopalan has said that the G20 summit in Mexico had seen a consensus among world leaders that growth could not be abandoned in favour of austerity measures. Gopalan told journalists at the Mexican resort town of Los Cabos where the summit was held, that if growth was compromised with, it would have a negative impact on many economies. At the end of the summit, Europe won support from world leaders for an ambitious but slow-moving overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy.

No re-publishing or re-printing permitted.

RECENT SNOOP NEWS

South Asian News(14:47)

(May 16, 2013) South Asia News Line - covers the day's news and events in India, Pakistan and the other nations of South Asia.
Stock Pulse: May 16, 2013(1:51)

(May 16, 2013) NSE closes 23.15 points up on May 16
Congress, BJP exchange criticism as CBI books Kata(1:47)

(May 16, 2013) Congress, BJP exchange criticism as CBI books Kataria
No arrests for web posts without officers permissi(0:48)

(May 16, 2013) No arrests for web posts without top police officers permission: SC
Sanjay Dutt surrenders in Tada Court (0:48)

(May 16, 2013) Sanjay Dutt surrenders in Tada Court
Premiere of Mira’s The Reluctant Fundamentalist(1:30)

(May 16, 2013) Star-studded Premiere of Mira Nair’s ‘The Reluctant Fundamentalist’
Music of Ramaiya Vastavaiya launched in Mumbai (1:21)

(May 16, 2013) Music of Ramaiya Vastavaiya launched in Mumbai
Arjun and Prithviraj promotes Aurangzeb in Gurgaon(1:51)

(May 16, 2013) Arjun and Prithviraj promotes Aurangzeb in Gurgaon