Indian vote on the anti-corruption bill is postponed

Note: This section contains information in English only.
Source: BBC

India's parliament has delayed the vote on the anti-corruption Lockpal bill on the strong opposition. The debates lasted till midnight of the local time with the opposition claiming the PM has to resign as the government does not comply with regulation. The government said it respects constitution and blamed the opposition in failure to pass the law. The bill will be revised and discussed again.

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Fri, 30 Dec 2011 12:38:02 GMT

Russia's currency and gold reserves advanced to $503.0 billion

Russia's currency and gold reserves rose 4.92% to $503.0 billion from $479 billion last year, reported Russian Central Bank. The reserves jumped by $ 1.7 billion during the last week. India, one more member of BRIC, also saw a jump of the foreign exchange reserves by $2.48 billion. Analysts explain the increase by the rising value of gold holdings and foreign currency during the

Fri, 30 Dec 2011 15:30:24 GMT

Euro moves toward its first yearly nonstop drop since 2001

17-nation currency depreciated 0.2% against US Dollar reaching $1.2937on London morning trade, escalating current year's drop to 3.3%. The euro is moving towards its first continuous fall since 2001 amid growing concerns about Europe's ability to tame debt crisis. The Euro Zone probably is in a slight recession already, suggests Michael Turner, a currency strategist at Royal Bank of Canada. EUR/USD currently trades at $1.2917. 

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