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No 5-star seminars, new posts: Govt

The cash-strapped government on Wednesday announced a slew of austerity measures including a ban on creation of new posts and forbidding conferences at five-star hotels.

Panel says regulations, tax issues deter business

To make it easier to do business in India, a committee led by former Sebi chairman M. Damodaran has recommended disincentivising use of civil courts in contractual disputes, weeding out unwanted regulations and proper due diligence before setting up new regulatory authorities, among others.

Contraction seen in most sectors

The manufacturing sector contracted by 1.2 per cent in the first quarter, a reflection of overall slowdown in the economy.

4.4% GDP growth a 4-year low

India’s GDP grew at a mere 4.4 per cent in the first quarter (April-June) of the current fiscal, adding gloom to the country’s already grim economic situation.

Rajan is next RBI governor

Chief economic adviser Raghuram Rajan will be the new governor of the Reserve Bank. At 50, he will one of the RBI’s youngest governors when he takes charge on September 5. His appointment is for three years.

‘No one can have doubts about country’s promise’

Eminent economist and chief economic adviser Raghuram Rajan said that no one can have any doubt about the country’s promise.

Opp. attack ‘good TV’, but distorted: PM

Hitting back at the Opposition for focusing only on “one bad year”, Prime Minister Manmohan Singh on Friday assured industry that the government will leave no stone unturned to ensure that the Indian

India opens up for FDI flood

The government, in fire-fighting mode to arrest the slide of the Indian rupee, on Tuesday decided to increase the FDI cap in telecom, insurance, credit information and asset reconstruction companies.

Satisfied with candid talks: Li

On the boundary issue, Chinese Premier Li Keqiang said India and China have the “wisdom” to find a mutually acceptable solution to the problem which the two sides have not shied away from addressing.

Li offers India FTA, more market access

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Chinese Premier Li Keqiang on Tuesday offered to initiate talks for a free trade agreement with India and showed a willingness to give greater market access to Indian products to address New Delhi’s c

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.