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Pranab hints at subsidy rollbacks to rein in fisc
Finance Minister Pranab Mukherjee today signalled that the government’s economic reform strategy would focus on fiscal consolidation, debt management and mobilising additional resources through disinvestment proceeds. The emphasis would be on curbing subsidies and promoting private sector investment by continuing stimulus measures.

Spice Finance plans to buy 15% in NMCE
The BK Modi group’s finance arm, Spice Finance, has proposed to buy a 15 per cent stake in Ahmedabad-based National-Multi Commodity Exchange (NMCE).

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Early signs of a recovery
The global economic recovery augurs well for domestic companies having a large exposure to overseas markets.
Management

Inflationary pressure will be there, says FM

Terming inflation turning positive after a gap of three months as "expected", Finance Minister Pranab Mukherjee today said inflationary pressure would rise further in the days to come. "It is expected. It is nothing unexpected because we were having inflation calculation on year-on-year basis so there is a trend and we are suggesting that there would be inflationary pressure," Mukherjee told reporters.


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