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Monetary policy has limited role: Govt
The government today said inflation was driven by a surge in commodity prices and the monetary policy had only a limited role in managing the price rise.

RBI tightens priority sector lending rules
In view of banks classifying even short-term loans to housing finance companies (HFCs) as priority sector lending, the Reserve bank of India (RBI) has moved to end this practice.

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US Senate set to pass health care bill by Christmas
After months of tough negotiations, Senate Democrats have come together to back a sweeping health care legislation, providing a powerful boost for President Barack Obama"s top domestic policy goal that promises to extend medical coverage to 31 million Americans.
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Mamata's new toy

Railway Minister Mamata Banerjee’s latest fad is a sleek laptop. But if you thought the firebrand leader had suddenly become tech-savvy, then you are wrong. The laptop is used by Banerjee only to play music during her long-distance travels and at night after a day’s hard work. But typically, Banerjee doesn’t carry the laptop in its sleek case. She prefers to bung it into her trademark blue jhola or the sling bag that carries all important papers, including her Budget speech.


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