Congress will be an underdog in the polls: Chidambaram

Finance Minister P Chidambaram admitted today that his party, the ruling Congress, is the underdog heading into the general elections due by May. He also admitted that the Congress-led UPA government has displayed "a certain lack of decisiveness."

Finance Minister P Chidambaram on Wednesday hit out at Delhi Chief Minister Arvind Kejriwal for his two-day sit-in in that gridlocked Delhi earlier this week.

Finance Minister P Chidambaram today hit out at the BJP, accusing it of having a "regressive" and "incoherent" economic policy.

As India prepares for elections, Finance Minister P Chidambaram on Wednesday hit out at BJP terming its economic policies as retrograde and "blood-eyed" and asked why its Prime Ministerial candidate Narendra Modi had never fielded a Muslim candidate.

The chief economics commentator at the Financial Times says there are hopes that the BJP's prime ministerial candidate will follow a reform agenda, and manage resources efficiently.

Arvind Kejriwal's political moves in Delhi are being discussed in faraway Davos, where many members of India Inc have converged for the World Economic Forum.

Chief executive officer Marissa Mayer made the statement on Wednesday at the Davos World Economic Forum.

First signals from the Fed last May that it would begin to scale back - or "taper" - its extraordinary economic stimulus measures prompted many investors to pull funds out of emerging markets seen as risky, hitting asset values.

Mr Chidambaram predicted that the likely outcome of the national election, due by May, was that no party will have a clear majority.

Besides, CEOs from across the world including in India plan to aggressively expand their workforce this year, even as their worries about over-regulation, fiscal deficits and tax policy have reached highest ever levels, the PwC survey said.

Rahul Gandhi will be Prime Minister if the Congress is called to form the government, Finance Minister P Chidambaram said today while speaking on the sidelines of the 44th World Economic Forum in Davos.

Global CEO confidence is on the rise and Indian business heads have emerged as the most confident about economy among top-5 globally for internal topline figures, a survey by consultancy giant PricewaterhouseCoopers (PwC) said.

Delegates say they don't come to Davos expecting any outcome, decisions or deals. But it is a meeting of minds, as Kris Gopalakrishnan, one of the co-Chairs and president of CII says.

From India, Finance Minister P Chidambaram, Commerce Minister Anand Sharma, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Urban Development & Parliamentary Affairs Minister Kamal Nath would be attending the meet.

As a country with rising inequities in an election year, populist politics overriding economic necessities is a tough climb.

There have been many efforts in the past to develop Mumbai into an IFC, while an expert group was also set up by the government years ago to study this possibility.

According to ManpowerGroup, which is also a World Economic Forum (WEF) strategic partner, simplification is key to winning in the human age.

Titled 'Enabling Trade: From Valuation to Action', the report released today by the World Economic Forum (WEF) emphasised the need for urgent implementation of the Bali trade accords and deeper reforms to "sustainably meet world food demand".

As hundreds of world's rich congregate for the World Economic Forum Annual Meeting in the Swiss Alpine resort town of Davos, many of them have also scheduled meetings with Swiss bankers to devise new strategy for their hidden wealth.

Protagonists will include U.S. Treasury Secretary Jack Lew, Japanese Prime Minister Shinzo Abe, European Commission President Jose Manuel Barroso and central bankers Mark Carney, Mario Draghi and Haruhiko Kuroda. A "senior leader" from China is also expected.