Finance minister Pranab Mukherjee has called a meeting tomorrow to review the implementation of austerity measures announced in the wake of drought and the economic slowdown that had put pressure on government finances.
The meeting will be attended by financial advisors attached to various central ministries and departments, sources said.
The Finance ministry in September had [...]

Even as the Union government expects banks to reduce interest rates, Reserve Bank of India (RBI) deputy governor Usha Thorat on Friday
said a reduction in small savings interest rates –a demand from the country s top bankers as a prelude to soften general interest rates — is a complex issue involving the interests of [...]

Stocks may be in a consolidation phase Thursday amid subdued cues from overseas markets and after a massive rally in the previous session.
US stocks fell on Wednesday on worries that rising interest rates
may hurt consumer and business spending, but stocks pared losses late in the session to finish off the day’s lows.
The Dow Jones Industrial [...]