The government should consider charging the very rich more tax, Finance Minister P Chidambaram told a news channel on Thursday, but emphasized that he believed in "stable tax rates."

Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still don't trust them.

India has a steep slope to climb here at Magic Mountain. There is only 1 session on India amongst 260 and only four sessions with Indians on panels. China, Russia, Africa and even Indonesia beat us hollow. What went wrong? Politics played a part. Reforms have become a defensive move, more than a proactive one. Also, the ongoing uncertainty about GAAR has hurt. Once bi...