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Top Stories: India
Achieving 4.6% fiscal deficit target for FY-12 a great challenge: Pranab Mukherjee
Amid volatile commodity prices and a sluggish global economy, Finance Minister Pranab Mukherjee today said meeting the 4.6 per cent fiscal deficit target for FY'12 will be a "great challenge". Main reason cited by FM behind this being the crude prices remaining at elevated level.

The rupee has slipped to 50 against the dollar. Here’s why
The rupee slumped to 50 against the dollar level for the first time since May 2009 on Friday on speculation that slowing economic growth and faster inflation will hamper foreign investment. The currency has declined 10.8% this year, the most among Asia’s 10 most-traded currencies.

Sudden surge in India's exports to Bahamas raises doubts
An amazing surge in India's exports to the Bahamas has stoked the lingering suspicion that a slice of the country's trades is sham transactions done to bring back money stashed in secret accounts with offshore banks. In just two years, exports to the Bahamas — best known as a tax haven — have shot up from $2.2 million in 200809 to $2.2 billion in 2010-11.

9% growth target in 12th Plan gets NDC approval
Paving the way for formulating the 12th Five-Year Plan (2012-13 to 2016-17) document, the National Development Council (NDC) meeting, which saw states lambasting the Centre for its various failures and the Prime Minister asking them to shun negativism, on Saturday approved the approach paper to the Plan that pegs economic growth target at an average annual rate of nine per cent.

Utopia called digitisation
The ordinance to push digitisation of cable in India, approved by a Cabinet committee last week, is not going to