US Wants United Nations To Raise Refugee Aid By A Third To $13 Billion

The United States wants the United Nations to raise funding for refugees this year by 30 per cent to $13 billion and says it will ask for the extra cash at a summit to be hosted by President Barack Obama in September.

Pakistan is the best place to invest in given its geographical location and lands full of natural resources, said Prime Minister Nawaz Sharif today.

The country can stand out in the gloomy global economic situation with headwinds from China and the US, if it continues with "reforms and responsible economic planning", Finance Minister Arun Jaitley on Friday said, expressing confidence the country will prove its resilience.

China's economy is on track and the country has entered a phase of steady rather than speedy growth, China Vice-President Li Yuanchao said.

Economic reforms in India are going in the right direction, but the level is "wrong", RBI Governor Raghuram Rajan has said, referring to some of the outdated regulations that are currently in place.

In an exclusive interview to Shekhar Gupta, Reserve Bank of India Governor Raghuram Rajan speaks about the Indian economy in the wake of the current turmoil in the financial markets.

"Unbelievable", "embarrassing" even "dangerous" are some of the words the financial elite gathered at the World Economic Forum conference in the Swiss resort of Davos have been using to describe US Republican presidential frontrunner Donald Trump.

US Secretary of State John Kerry said on Thursday that initial talks in Geneva involving the Syrian government and opposition groups would be "proximity talks", not a face-to-face meeting of participants.

Indian economy needs multiple engines of growth while the government focus now is on reviving private investments, Finance Minister Arun Jaitley said on Thursday.

A day after Finance Minister Arun Jaitley dismissed one of the Congress party's demands on the Goods and Services Tax as "preposterous", senior Congress leader Kamal Nath told NDTV's Vikram Chandra in an interview at Davos that the differences between the two sides "can be ironed out."

India was on Thursday ranked 22nd on an inaugural list of the world's best countries, which was released here on the sidelines of the World Economic Forum annual meeting and is topped by Germany.

Pakistan Prime Minister Nawaz Sharif today said normalisation of ties with India and restoration of the bilateral composite dialogue can give a big boost to the trade relations between the countries.

Government today said Prime Minister Narendra Modi was not scheduled to travel to Davos for World Economic Forum meeting, debunking reports that he has decided to skip the visit to "avoid" a meeting with Pakistan Prime Minister Nawaz Sharif.

Recovering from a major terror attack back home, Pakistan Prime Minister Nawaz Sharif today said its resolve to fight terrorism is getting stronger every day and is taking very decisive action against terrorists.

India remains a bright spot of economic growth, but it will have to stick to its reform agenda and like any other political system, a lot will depend on the government of the day to carry forward the reforms, US Treasury Secretary Jacob Lew said on Thursday.

US Secretary of State John Kerry says next week's planned start of Syria peace talks may be delayed by a day or two.

China has reached a "point of no return" and the country has to now rely on innovation and reforms rather than depend on investment alone for economic growth, a top official of a Chinese bank said on Thursday.

Global growth should improve once commodity prices stabilise, World Bank Chief Economist Kaushik Basu said on Thursday, adding that India was the top "bright spot" among emerging markets.

A panel of leaders are talking about South Asia at the World Economic Forum 2016 at Davos. Here are highlights of the session:

Poor communication by China's economic managers has led to uncertainty and exacerbated market fears, IMF chief Christine Lagarde said Thursday at the annual Davos summit of economic and business leaders.