Urging the US to reform its visa policies, commerce minister Anand Sharma said in New York on Sunday that the paranoia of the Americans about Indians taking away their jobs, especially in the IT and services sectors, is a myth.

China could report a trade deficit in March, the country's commerce minister said on Sunday as he rejected US pressure to ease currency controls and blamed Washington for the Sino-US trade gap.

Prime Minister Manmohan Singh will chair the full Planning Commission meeting on Tuesday to review the economy in the backdrop of the industry showing strong signs of recovery.

The chronically underachieving nation is saddled with an astonishing level of debt, no real prospect for growth, and a a leader mired in scandal.

Nations risk losing a window of opportunity to fix the global financial system in the wake of the credit crisis if they do not push reforms through soon, the head of the International Monetary Fund warned on Wednesday.