The Reserve Bank has welcomed the Union Budget’s proposal to bring down the fiscal deficit to 5.1 per cent.
It said the strategy to increase indirect taxes and cap subsidies were reliable measures to control the deficit.

It’s a mixed bag of goodies for major corporate houses. While taxation departments and finance chiefs at big business houses were assessing the impact on their group finances, one thing became certain: corporate India was unwilling to absorb the hike in excise duties or the increased coverage and intensity of service tax and would look to pass these on to consumers.

The 26/11 Pakistani delegation’s task in India began on a stormy note after the delegation demanded permission to cross-examine the witnesses at the chief metropolitan magistrate’s court on Friday.

Railway minister Dinesh Trivedi, who has earned his party's wrath for hiking passenger fares in the Railway Budget, on Saturday asked by it to quit his post but he insists that Mamata Banerjee should

The Economic Survey 2011-12, unbelievably, is an exciting document, full of insights into economic and human behaviour that can affect the economy that the earlier surveys often lacked. Said to be Dr Kaushik Basu’s last economic survey as chief economic adviser, it paints a picture of India where the future is brighter than the present and this is predicated on a roadmap that it provides to righting the wrongs in the economy.

The police is making inquiries into a written complaint submitted by singer Asha Bhosle against yesteryears actress Sadhana. Bhosle has alleged that Sadhana, who is her tenant, has taken over control of the entire garden in the building, and asked that a case of encroachment be filed against her.

The Maharashtra Navni-rman Sena got its first mayor in Maharashtra after its candidate Raghunath Wagh defeated Communist Party of India (Marxist)’s Tanaji Jaibhave in the Nashik Municipal Corporation (NMC).

Vigilance officials on Friday conducted raids at a business establishment here in which former Tamil Nadu Governor Surjit Singh Barnala's son is a partner and premises of two others, including a forme

Union railway minister Dinesh Trivedi became one of the top 10 trending topics on Twitter, after he announced the budget on Wednesday.

Akhilesh Yadav as youngest chief minister of Uttar Pradesh, included Raja Bhaiya in the Cabinet.

According to reports there are eight pending criminal cases against Raja Bhaiya.