Use short-term rate to check inflation The Reserve Bank should move towards a single instrument of short term rates to contain inflation, a high-level committee has suggested ahead of the apex bank's annual credit policy on April 29 which is widely expected to take stringent monetary measures to check rising prices.
Microsoft sets 3-week deadline for Yahoo deal Yahoo Inc has three weeks to accept Microsoft Corp's $31-a-share cash-and-stock offer or Microsoft may lower its bid and take its offer to Yahoo investors, Microsoft said on Saturday.
Govt may pick up RBI stake Following purchase of Reserve Bank's stake in State Bank of India, the government has initiated the excercise to acquire the central bank holding in National Bank of Agriculture and Rural Development and National Housing Bank.
Plan panel moots sale of small govt banks A high-level committee set up by the Planning Commission has mooted the sale of small and under- performing public sector banks, besides suggesting liberalisation of norms for takeovers and mergers.
Union Commerce Minister Kamal Nath, Dr Vivian Balakrishnan, Minister for Community Development, Youth & Sports, Singapore and Sunil Bharti Mittal, President, CII releasing the book 'India Inc' in Singapore on Friday. PTI
Did Tamil Nadu act in haste in taking up the Hogenakal project in the Cauvery basin? Since it is supposed to be only a drinking water scheme, does it hurt Karnataka’s interests? DH had invited readers’ opinion on the issue.
Most believe that although the drinking water provision is legal, the current row is a manifestation of political interests in TN, and that Karnataka has been unfairly targeted. Some feel that as Hogenakal falls within the disputed territory, the problem should be resolved amicably without damaging public life in both states.
