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Railway Minister Dinesh Trivedi has not resigned, Finance Minister Pranab Mukherjee told the Lok Sabha today. He, however, said that Prime Minister Manmohan Singh has received a communication from Trinamool Congress chairperson Mamata Banerjee which was under “active consideration”. “As and when a decision will be taken, the House...
Mumbai (Reuters) – The BSE Sensex fell for the first time in five sessions on Thursday as sectors sensitive to interest rates such as banks and real estate firms dropped after the RBI kept its policy unchanged and voiced a more hawkish stance than investors had expected. The main...
Just last month, Shahid Kapoor celebrated his birthday in great style over a four-day weekend at Goa’s sun-kissed Morjim beach. What’s more, while most of his guests flew down for the big party much later, he left earlier, accompanied by a certain Nargis Fakhri. Ever since, there has been...
NEW DELHI: India has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed today. “India has emerged as the fourth largest economy globally with a high growth rate and has improved its...
New Delhi: Exhausted by Mamata Banerjee’s diktats that have blocked economic reform, the Congress is deciding whether to reboot the ruling UPA coalition that it leads. Ms Banerjee, unpredictable and temperamental at the best of times, has 19 Lok Sabha MPs. The Congress is increasingly confident that if she...
New Delhi: New UP chief minister Akhilesh Yadav, who has been feted for trying to keep away people with dubious antecedents from the Samajwadi Party as he fought a winning battle for UP, will find himself having to repeatedly explain the induction of Independent MLA from Kunda, Raghuraj Pratap...
New Delhi: Railway Minister Dinesh Trivedi looked set to quit on Thursday after a storm broke out over his move to raise passenger fares, underscoring the government’s inability to take unpopular policy steps amid growing speculation the ruling coalition could break up. Breaking with years of populist policies, Mr...
CII notes that the Economic Survey projects recovery in GDP growth in the next two fiscals to 7.6% and 8.6% respectively. CII’s concerns on high interest rates, falling investment and high fiscal deficit having impact on industrial growth has been rightly highlighted by the Economic Survey. Concerted actions on...
As widely expected, the Reserve Bank of India has refrained from immediate action on lowering of key lending rates till there are signs of further easing of inflation. Its mid-quarter review on the eve of Budget has kept repo and other policy rates unchanged while it has recently effected...
Finance minister Pranab Mukherjee has got enough indicators to deliver a ‘tough’ budget. The economic survey tabled in the Parliament today and the Reserve Bank ofIndiacredit policy announced earlier cry out for a fiscal consolidation. A tough budget means raising tax revenue and cutting on government expenditure. A slow...