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Fiscal deficit reaches 83% of budget estimates in H1 FY15

Budget had estimated fiscal deficit to be Rs 5.31 lakh crore or 4.1% of GDP

Petrol price cut by Rs 2.41 per liter; Diesel rates slashed by Rs 2.25

The cut in the two automobile fuels, both of which are now market-linked, is owing to continuing decline in international crude oil prices

Petrol price cut by Rs 2.41 per litre, diesel by Rs 2.25 per litre

This was the sixth consecutive price cut for petrol since August

Finance Commission gets 2-mth extension

The Commission was to submit its report on devolution of funds from Centre to states on Friday

Telecom panel to take up cordless systems issue on Nov 7

A DoT panel's report includes its views on Trai proposals and alternatives that may be discussed with defence authorities on CTS

Features Rss icon

The India of 2025: 49 city clusters to drive growth

A new report from McKinsey, titled 'India's economic geography in 2025: states, clusters and cities', looks at how the next decade will unfold

Govt faces spectrum shortage ahead of auction next year

There's plenty of spectrum available, but much of it is with the armed forces, and there are obstacles in the way of reallocating it

Driving demand down for rural job scheme

Scheme faces pincer attack with a proposed higher proportion of expenditure on material, reducing the budget available to pay wages and focus on ...

Picking up after Hudhud

Days after the cyclone devastated Visakhapatnam, author visits the city and finds it struggling to get back on its feet

Dholera: Modi's pet project back on the fast track

Armed with green nod and fund infusion, Gujarat govt getting ready to issue tenders to build infrastructure at the mega investment region

Editorial Comment Rss icon

Running out of airwaves

Spectrum crisis needs government attention

India's secondary sex

Poor gender equality militates against economic growth

Against inflation

Government's positive changes to foodgrain policy

The IPR stand-off

Behind India's confrontation with the US on intellectual property

Have a trade strategy

But government should keep the China angle in mind

Columnists Rss icon

Shyam Ponappa: Extractive charges on spectrum and petroleum
Shyam Ponappa

The author examines whether government levies on these critical inputs are beneficial or detrimental

Barun Roy: A sequel to Hong Kong?
Barun Roy

Recent efforts to promote trade and tourism between China and Taiwan show the latter's risk factor as a flashpoint is no longer acute

Arvind Panagariya: India must call the US' bluff on patents
Arvind Panagariya

The recent US-India friction over trade is being driven by Big Pharma

Business Law & Tax Rss icon

Why one-person firms are popular

Though these are early days, the government will have to raise awareness of the benefits of such companies

Coal mining ordinance: Turning crisis into an opportunity
Jyoti Mukul

Within two days of the Union Cabinet deciding to bring in an ordinance to handle the situation arising out of the Supreme Court order annulling ...

Indirect transfer - not just an Indian phenomenon
Mukesh Butani

To some extent, the AP High Court has settled the debate in favour of the taxpayer in the case of Sanofi

Directors in the dock when cheque bounces
M J Antony

A weekly selection of key court orders

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Grey laws woe for child labour

Seventy per cent of child labour violations take place in the agriculture sector

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Family firms focus on business sustainability
Asish K Bhattacharyya

Succession planning, sibling rivalry and dispute among family members can lead to difficult situations

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Economic Indicators

YoY (In %) Current Qtr Ago Yr Ago
Inflation (30/04) 5.20 6.16 4.77
IIP (31/03) -0.50 -0.20 3.51
GDP (31/12) 4.70 4.80 4.70
CPI (30/04) 8.59 9.87 9.39
CRR (29/01) 4.00 4.75 5.50
Bank rate (02/05) 9.00 9.00 8.50