Concerned over the developments in Iraq, the government on Sunday said volatility in petroleum prices is putting pressure on its finances at a time when emerging economies are passing through a phase of tepid economic activity.

G20 finance ministers on Tuesday discussed strategies to implement strategies for overhauling the global tax norms to ensure that multinational companies pay taxes wherever they operate.

Moody's Investors Service on Friday affirmed India's rating at the lowest investment grade of 'Baa3', with a stable outlook, saying high growth will support a gradual increase in income levels.