For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Bhendi Bazaar faces a fairytale future as the Dawoodi Bohras initiate a Rs 3,000-crore project to change it from a squalid marketplace to a swanky neighbourhood, says Ranjita Ganesan
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
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