The finance ministry had strongly opposed the hike announced by the commerce ministry.
In order to expedite the implementation of the Parekh Committee's recommendations on infrastructure financing, the finance ministry has decided to pursue a few key issues instead of taking up the whole report.
The Planning Commission is considering a hike in public sector investment in the farm sector to 4 per cent of agricultural gross domestic product towards the end of the 11th Plan (2007-12).
Financial inclusion has become fashionable once again, and the formal sector -- banks and micro-finance institutions -- is straining every nerve to dole out these microscopic loans, and mostly failing because that is not their institutional design.
Unilever's shadow on HUL has been lengthening for some time. One indication recently was the change of name from Hindustan Lever, the identity that had been established in the country for half a century.
The stock market may be at a new high this month, but there isn't much reason to cheer if the "early bird" financial results of companies are anything to go by.
The export-oriented software industry has reacted in several ways to the negative impact of rupee appreciation on its financial performance, especially in the last (April-June) quarter.
While considering the options before it, what the government can do is revive the defunct Textile Upgradation Fund Scheme, which lapsed on March 31, 2007.
There are several positive indications at the macro level of agriculture which suggest that there could be change on the ground.
The problem with the Broadcasting Bill is that having stuck to the Constitutional view of freedom of expression in deciding what is and is not acceptable, the operational details worked out are less than satisfactory.
There is no shortage of liquidity, so interest rates in the overnight call money market continue to stay below 1 per cent.
Insurance companies will have more infrastructure firms in their equity investment portfolio soon.
This year's projected increase in per capita (in dollar terms) is nearly double the average 13 per cent growth between 2003-04 and 2006-07.
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The Reserve Bank of India has opposed Finance Minister P Chidambaram's budget proposal to use part of the foreign exchange reserves of over $200 billion to provide "credit wrap," or credit guarantee insurance, for financing infrastructure projects.
Finance ministry officials are of the view that current restrictions that prohibit FDI in multi-brand retail cannot be extended to franchise agreements between an Indian company and an overseas partner.
With the rupee expected to continue to appreciate, sops cannot be given endlessly, and exporters will have to learn to hedge their exposures.
Social sectors like health and education will get a leg up in the Eleventh Plan (2007-12), even as some other sectors may see a reduction in fund allocation.
India's GDP growth is likely to slow down over the next couple of years as a result of restrictive policies -- manifested as higher interest rates and fiscal tightening -- aimed at curbing inflation, a World Bank report has said.
The Indian economy may match the economies of the Association of South East Asian Nations in size by 2015, but in terms of labour productivity it will trail this grouping of 10 nations by a little under 20 per cent
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