News digest: Modi's big announcement, steel imports rise, and more

From markets see worst plunge in 10 months to National High-Speed Rail on bullet mode, BS brings you up to speed with latest

Markets see worst plunge in 10 months

The stock markets suffered their worst setback in 10 months on concern that the government’s stimulus plan for the economy could disturb the fiscal math, and hurt the rupee and interest rates. Market players said the sell-off was triggered by pessimism that the government may not be able to balance growth with macro-stability. Read more

Modi likely to announce big-bang economic package on Monday

Prime Minister Narendra Modi is likely to announce some big-ticket measures on Monday — also the birth centenary of Sangh Parivar icon Deendayal Upadhyaya