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RBI likely to hold rates if rupee fall has muted impact

High base spoils December IIP show
It may have been expected that the high base effect would limit industrial growth in December to less than six per cent. But, it was not anticipated that the continued contraction in mining output and a subdued manufacturing production would pull the numbers down to as low as 1.8 per cent. This has led Finance Minister Pranab Mukherjee to express his disappointment. The electricity sector in the larger

Mihir S Sharma: Handouts for the well-heeled

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India, UK discuss 'trade-linked-aid' misgivings

New Delhi:Under the cloud of media reports that UK might choke its aid to India for choosing France to buy 126 warplanes, Union Finance Minister Pranab Mukherjee had a telephonic conversation with

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FM loses sleep over food subsidy bill

Union Finance Minister Pranab Mukherjee on Wednesday said that he is losing 'sleep' over the increasing food subsidy bill that might increase the budget estimates by over Rs 1 lakh crore in 2011-12.

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Govt asks REC to use IRFC's quota of tax-free bonds

Rural Electrification Corporation has received a bonanza from the government in the form of a Rs 3,000-crore, tax-free bond window for this year. The window was created by the Indian Railways,

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Largely smooth sailing after a shaky start

Upendra Kumar Sinha, 59, had made his intentions clear quite early. “Speed is going to be the essence now,” the 1976-batch Bihar cadre IAS officer had said in one of his first public

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