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Office property market yet to beat slump
The office property market, which was hit hard in the aftermath of the global economic slowdown, will take at least a year to come out of the slump as demand for offices is still subdued, say fund managers, consultants and realty developers.

Govt examining economic condition for SCI disinvestment
The government is examining the economic climate for divesting its stake in state-run Shipping Corporation of India (SCI).

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Statistical lie
In a country where data and information flow is like water on the Moon, bankers who are smart often take advantage of a statistical lie. “When I was a general manager in the planning department, I used to say come to me, I will give all the information.
Public Relations

G-20 FMs to discuss OECD report on tax transparency

Finance Ministers of the world"s 20 most powerful countries in their two-day meet starting today are slated to discuss reforms to tackle black money and money laundering. - G-20 demands political will from developed countries - G-20, WTO should report to UN: Lamy - Global economy likely to see early recovery: OECD - First signs of growth visible in global economy: Geithner - Suman Bery: Mood Music">Suman Bery: Mood Music - Obama to unveil trade policy agenda ahead of G20 summit The G-20 Finance Ministers are scheduled to discuss a report from the Organisation for Economic Co-Operation and Development (OECD) which recommends, among other things, use of Tax Information Exchange Agreements to force tax havens to share information with a minimum of 12 countries. OECD is a group of 30 countries that accept principles of democracy and free market economy. India"s Finance Minister Pranab Mukherjee, flew in here last night to participate in the meeting, along with his counterparts from Brazil, Russia and China. Black money stashed away in tax heavens have kicked up a row in India a fortnight ago following Swiss banks saying that India is not welcome on name-fishing expedition. A top official of Swiss Bankers Association had said, "...India cannot simply throw its telephone book at Switzerland and ask if any of these people have a bank account here." Finance ministers from BRIC nations (Brazil, Russia, India and China) will have a separate two-hour meeting later today.


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