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Interest rates likely to move up this year: Kidwai
An expected recovery in the bank credit in the next few months may push up interest rates in the later part of the current fiscal, a top foreign banker today said.

Experts debate rollback of lenient policy
With food inflation scaling a decade high of around 20 per cent for the week ended December 5 and the overall headline inflation rate for the month of November at 4.78 per cent, economists and policymakers have started debating about the rollback of a lenient monetary policy that was put in place to inject liquidity in the system during the crisis period.

News of the day

White paper on Rly's financial health likely on Dec 21
Amid increasing concern over financial health and rising operating cost, Railway Minister Mamata Banerjee is expected to table a white paper on the actual condition of the PSU on December 21, the last day of the winter session of Parliament.
Management

Abdullah wants Govt to take up Ladakh land issue with China

Expressing concern over reports of China taking substantial portion of land in Ladakh, Union Minister Farooq Abdullah today said the Centre should take up the matter with Beijing at the earliest and sort out the boundary dispute. - RS members angry over China objecting to Ladakh border road - NREGS road work halts in Leh after China army objects - Centre for renewable energy plan in Ladakh - Escape routes - First day, first show - Equally expensive "This seems to be happening for the last 25 years. One cannot be absolved of the responsibility by just merely saying that the Line of Actual Control (LAC) has not been demarcated," he said. The former Chief Minister said the Government of India should hold talks with China at the earliest and solve the boundary dispute. "Now this boundary dispute cannot hang in balance for eternity. Earliest, the best," Abdullah said. Asked whether he had come to know about the Chinese incursions during his tenure as Chief Minister, he said "this has started coming out in the public domain only in the later part of last year. The remarks of the Union Minister came in the wake of a news report that area along Line of Actual Control with China has "shrunk" over a period of time and India has lost "substantial" amount of land in the last two decades.


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