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'Stimulus withdrawal will drive up car prices'
Leading car makers are considering to raise prices of their vehicles across the board, if the government withdraws the excise duty benefit in the coming Budget. The benefit was given as part of a stimulus package in December 2008, following the onset of the global economic meltdown.

FinMin asks depts to cut expenses in Budget plans for FY11
Carring forward its austerity campaign, the Finance Ministry has asked various departments to scrap or downsize expenses on insignificant activities by up to 10 per cent when they submit proposals for Budget 2010-11.

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Yes Bank set for mega retail push
Pvt player to launch credit cards, education, personal loans in 3 yrs.
Small Business

Forex reserves dips by $1.03 bn to $285.34 bn

India"s foreign exchange reserves fell by $1.032 billion for the week ended November 20 to $285.344 billion. - Ashok K Lahiri: Limits of mercantilism">Ashok K Lahiri: Limits of mercantilism - Forex reserves up at $286.376 billion - Forex reserves up by $1.023 bn to $285.414 bn - Forex reserves down $1.13 bn - Forex reserves up $684 mn to $285 bn - Capital inflows lessen external sector blues They stood at $286.376 billion in the previous week. The foreign currency assets (FCAs) during the week declined to $261.878 billion as compared to $262.905 billion a week-ago, the RBI said in its weekly report today. FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in reserves, the RBI said. Gold reserves, during the period under review, stood unchanged at $17.5 billion, while the special drawing rights (SDRs) fell marginally to $5.266 billion, it said. India"s reserve position in the International Monetary Fund stood at $700 million during the week, the central bank said.


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