The economy is set to clock a 9.2 per cent growth this fiscal on the back of a robust 5.8 per cent spike in agriculture and allied sectors, as well as a good show by industrial, services and manufacturing sectors, the economic think-tank CMIE said here on Thursday.

The Planning Commission today said the 12th Plan is likely to retain the farm growth target at 4 per cent, as the previous two Plans failed to achieve it.
“The 4-per cent agriculture growth is a good target for the 12th Plan (2012-17), which could not be achieved so far, as envisaged in the 11th Plan (2007-12),” the planning commission deputy chairman, Dr Montek Singh Ahluwalia, said.

Taxpayers are not likely to get as much relief as was proposed in the discussion paper on the Direct Taxes Code last year, with the finance ministry on Thursday saying that the tax slabs may be narrowed down in the bill, slated to be tabled in the monsoon session of Parliament.

A Colombo court ordered legislator Sarath Fonseka to appear before it next week in connection with an arms deal awarded during his term as the Army Chief to a company headed by his son-in-law.

US vice-president Joseph Biden has said America needs to keep its graph of progress going up so as to ensure that it keeps its “top dog” status over China and India intact.

The heavier a man’s voice is the stronger he is physically, says a new study. The University of California study found that a man’s voice is an indicator of his upper body strength.

After paintings by Nobel laureate Rabindranath Tagore were snapped up for a record £1.6 million in Sotheby’s recent London auction, another upcoming auction is including art by the Tagores in its repe

Arjun Atwal, the lone Indian in fray, played two practice rounds with buddy and World No.1 Tiger Woods but will have the American duo of Jason Gore and Jim Herman for company in the first two rounds of the US Open.

Suspended IPL commissioner Lalit Modi, in his reply to the third show cause notice slapped by the BCCI, has maintained that there had been no violation of the clauses of Invitation to Tender in awarding of theatrical rights in IPL-3.

The country’s top 100 companies, led by ONGC and Reliance Industries Ltd (RIL), have paid Rs 12,661.73 crore in advance tax to the government in the first quarter of this fiscal, representing an 18.68 per cent jump over the same period last fiscal.