-Live Mint The big question is whether commitment made by Chidambaram-to contain fiscal deficit at 4.8% of GDP-will be met With the current account deficit in check, the spotlight is now on the second major macroeconomic problem that needs to be fixed: the fiscal deficit. The big question is whether commitment made by Finance minister P. Chidambaram in the budget-to contain the fiscal deficit at 4.8% of gross domestic product (GDP)-will be...

-PTI Allaying fears of a spurt in public expenditure ahead of Lok Sabha polls, Finance minister P Chidambaram on Wednesday said government will not compromise on fiscal discipline, notwithstanding the defeat of Congress in four states, including Delhi and Rajasthan. Inaugurating the Delhi Economic Conclave, Chidambaram blamed the states for "inaction" to check hoarding and said the incumbent government pays a price for high inflation. "The agenda, therefore, will be obvious. At the...

-The Times of India   BALI: After four days of intense negotiations, World Trade Organization members are set to accept the government's demand on food security that will protect India and other developing countries from penalties for breaching the domestic support cap of 10% of value of production. In return, the government agreed to a new agreement on trade facilitation, the first since WTO was set up nearly two decades ago, that...

-The Hindu The Warsaw negotiations have delivered empty new shells in the name of Finance and technology to the developing world and repackaged existing financial commitments towards the poor countries in a green-coloured envelope The Warsaw negotiations delivered little on climate change issues but the fortnight served as a warning about the perilous task that lies before countries to produce a global compact by 2015 which matches expectations. The developed countries reached Warsaw...

-AFP Berlin: India has been ranked lower in corruption than neighbouring Pakistan but higher than China by graft watchdog Transparency International in a survey released on Tuesday. Afghanistan, North Korea and Somalia have been ranked as the world's most corrupt countries while Denmark and New Zealand are nearly squeaky-clean. India ranked 94 on the index, above Pakistan at rank 127 but below China which took the 80th position. India was ranked at...