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Indonesian President lays out reform agenda

 Indonesian President Joko Widodo has unveiled an economic agenda, which includes plans to boost domestic production, spur growth and improve the fiscal balance.

Japan`s child poverty hits record high

Japan`s child poverty rate has hit a record high, according to a government survey, prompting criticism that Tokyo wasn`t doing enough to fix the problem.

Unemployment of OECD `lost` generation edges down

Eurozone unemployment is still far higher than the average rate across advanced countries, the OECD said today just as Britain reported another fall.

Spain okays Repsol plan for Canary Islands exploration

The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".

Switzerland, India, 45 others agree on tax info exchange

In another step towards shedding banking secrecy practices, 47 nations including Switzerland and India, have agreed upon automatic exchange of information on tax matters.

OECD suspends accession talks with Russia

The OECD said on Thursday it had postponed all activities related to Russia`s accession to the organisation following a request from its 34 members.

Australia named `happiest` developed nation again

Australia has been ranked as the world`s happiest nation among developed economies for third year in a row, with a whopping 84 per cent of the country`s population saying they are satisfied with their lives.

Good brains drained away!

Around 94.8 percent of Indians who study abroad to earn doctorates in science, engineering, and health don’t return home according to a research study released in October 2012.

Inequality highest in 30 years, OECD finds

The wealthiest Americans have collected the bulk of the past three decades’ income gains. The share of national income of the richest 1 percent more than doubled between 1980 and 2008 from 8 percent to 18 percent.

Pranab calls for global action to end era of banki

Finance Minister Pranab Mukherjee on Monday called for stepping up multilateral
cooperation to end the era of banking secrecy.

Governments slack in fighting corruption: OECD

Only 5 of 38 countries signing
OECD Anti-Bribery Convention had sanctioned individuals or
cos last year.

CAG not merely a fault-finding body: Rai

Comproller & Auditor General of India Vinod Rai said
the body was an ally of the government in conceptualising,
designing and implementing the social sector projects.

China faces risks from bank lending surge: OECD

Surging bank lending could threaten the stability of financial institutions in fast-growing China, the OECD said on Tuesday in a report that urged more market reforms to help reduce such risks.

OECD unemployment rate climbs to 8.8 pc in Oct

The jobless rate in the OECD region
-- a grouping of developed and developing nations -- rose
marginally to 9.8 percent in October, indicating that the
labour market is yet to shrug off recession blues.

International M&A are forecast to decline by 56 percent

International mergers and acquisitions are forecast to decline by 56 percent this year compared with 2008, the largest year-on-year decline since 1995, the OECD said in a report.

OECD wants India to ease FDI norms on banking, insurance

The OECD has lauded India`s overseas investment policies but asked for relaxation in FDI norms for banking and insurance sector.

OECD area jumps clear of recession, Britain stuck

The OECD area of leading industrialized economies pulled clear of recession in the third quarter with 0.8-percent growth but British output still shrank, OECD data showed on Monday.

OECD urges action as Britain`s debt mounts

The OECD urged action on Thursday as new data showed Britain plunging ever deeper into debt, one day after Prime Minister Gordon Brown pledged a new law to fix public finances.

Rising inflation may impede pace of recovery: OECD

With inflationary pressures building up at the initial stages of recovery in the economy, choosing the right time for withdrawal of the fiscal and monetary stimulus remains a major challenge for the policymakers, the OECD said.

OECD jobless rate at 8.6% in Sept

The unemployment rate in the
Organisation for Economic Cooperation and Development (OECD)
countries remained at 8.6 percent for the second straight
month in September.