Business

The Planning Commission Deputy Chairman said that he expected the economy to do better than the previous year.

The January IIP number has been revised to 1.1 per cent from 6.8 per cent (provisional).

However, the NSE Nifty managed to hold the 5200 level amid selling pressure.

SpiceJet informed BSE that shareholders had approved the allotment of up to 42,900,000 equity shares to Maran.

Economists said if this growth rate is maintained for a few more months, it would improve the overall industry output.

The High Court directed that the provisional liquidator would work as special officer and make an inventory of the assets.

Prime Minister's Economic Advisory Council Chairman C Rangarajan said that the government should consider decontrolling diesel prices to keep petroleum subsides at the budgetary level.

Ganguly's resignation comes within a week of Vijay Amritraj resigning from the board of the air carrier.

Sharma said the handloom sector in the country will be ruined and then the same people will question the government for its inaction.

The unions urged that politics should not be allowed when the Indian Railway's agenda is aimed at providing more efficient services to the people.

Mamata Banerjee had spoken to the Prime minister on Thursday and is believed to have been assured on replacement of Trivedi.

USIBC has expressed the hope that the government would deliver on key reforms during the budget session.

CII President B Muthuraman said he was expecting much more and the excise-related proposals would push up prices.

Budget 2012 identifies five objectives including growth recovery, private investment and malnutrition.

Of the total outlay, over Rs 79,500 crore would be spent on procuring modern weapons systems and military hardware.

FIIs have already factored in an environment in which it is extremely difficult to pass on legislation.