-The Financial Express Mumbai: On Tuesday, the RBI said the path of inflation will be shaped by two sets of counteracting forces. On the downside, slower growth and excess capacity in some sectors will help moderate core inflation. “Stable, or in the best case scenario, declining commodity prices will reinforce this tendency. An appreciating rupee will also help to contain inflationary pressures by bringing down the rupee cost of imports, especially of...

-Mid Day Senior PWD officials in collusion with contractors used bogus bills to issue cheques to withdraw state funds from RBI; cops took six months to register FIR despite complaint in April.  Mumbai: One of the biggest scams in recent times has come to light at the state administration level, involving senior officials of the Public Works Department (PWD) and fraudulent withdrawal of Rs 112.58 crore from government accounts.  It is said that bogus...

-The Times of India Rural India is spending more on protein products such as milk, eggs and meat due to rising income as overall spending by Indians on protein foods doubled to Rs 2 lakh crore in 2009-10 from 2004-05, a study showed on Monday. The study by ratings agency Crisil said that two-thirds of this spending came from rural households. But while more rural Indians are getting protein in their diets,...

-The Times of India Submitting photocopies of identity and address proof for opening a bank account, buying insurance or getting a mobile connection could soon be a thing of the past. Instead, it would all be there at your finger tips. The Unique Identification Authority of India ( UIDAI) is ready with electronic know-your-customer authentication (eKYC) service which will pave the way to provide identity and address proof by just providing your...

-The Economic Times MUMBAI: The Reserve Bank of India has revised the definition of priority sector to include corporates engaged in agriculture and allied activities, and amended the limits for certain categories. In a circular issued to commercial banks on Wednesday, the RBI has clarified that loans to corporates, including companies formed by individual farmers, partnership firms and co-operatives of farmers directly engaged in agriculture and allied activities, will now be considered...