Branding this year’s Rail Budget as “election Budget” is in fact a validation of it being a good budget even by her political detractors. That’s what railway minister Mamata Banerjee feels.

Railway minister Mamata Banerjee provided the much needed technology edge to the world’s fourth largest railways network that has its beginnings in pre-British India.
Ms Banerjee announced a slew of technology measures to beef up the railway network as part of her Budget proposals.

New Delhi, Oct. 3: The Union finance minister, Mr Pranab Mukherjee, has said that domestic stock markets have an appetite for more foreign investments as FII inflows were still at moderate levels. He

Regrouping and power rebalancing is under way at the G-20 while the G-8 is likely to turn into a strategy forum for developed countries led by the US, France and Germany.

Regrouping and power re-balancing at the all powerful G-20 is underway even as G-8 is likely to turn a strategy forum for developed countries led by US, France and Germany.

There is clear imprint of Prime Minister Dr Manmohan Singh on the final economic strategy approved by G-20 leaders of industrialised and emerging countries. G-20 that replaced G-8 as premier decision-making body endorsed differential economic strategy proposed by Dr Singh setting at rest the squabble as to continue or withdraw governments’ additional spending to consolidate fragile growth.

The withdrawal of economic stimulus packages by advanced countries like France, Germany and Great Britain may lead to double-digit recession, warned Prime Minister Manmohan Singh.

Group of 20 (G-20) leaders were unanimous in providing flexibility for member-countries to either continue with public spending and consolidate fragile economic growth or resort to austerity measures for keeping deficits under check.

India has welcomed the 46-member Nuclear Suppliers Group (NSG) stand on China-Pakistan nuclear pact that involves supply of two additional nuclear reactors for Chashma facility.