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Economy and Politics

As far as FII inflows are concerned, they too dipped in January, declining to $1.19 billion from $1.84 billion during the same period of January, 2010.

 
 
A higher opening in the stock market and dollar weakness against other Asian currencies helped the Indian rupee strengthen by 8 paise to Rs 45 per dollar.
Oil prices shot up to over $100 per barrel in New York as strife in Libya, Bahrain and other oil producing countries in the West Asia show no signs of ending.
The second month of 2011 saw $324 million of private equity investments in Indian companies, down from the investments of $699 million for the same month last year.
As part of a custom, Finance Minister meets the entire Board of Sebi after presenting the Union Budget. Mukherjee tabled the Budget on February 28, 2011.
Garment manufacturers are upset with the government for imposing 10 per cent excise duty on branded garments and made-ups like bed sheets and towels.

India's economic surge over the past decade appears to have radically changed the perceptions of Indians about their own country.
Crisil expects GDP growth to moderate to 8.3 per cent in 2011-12, while Finance Minister Pranab Mukherjee had projected the same to be above 9 per cent in his Budget.
 
 
As many as 79 foundations have been laid by Eastern Railways alone at a cost of over Rs 5 crore but the projects were yet to be implemented, the CPI-M contended.
The Indian rupee ended 6 paise lower at 45.04/05 per US dollar in the previous session due to mild dollar demand from importers amid weak equity markets.
The Indian rupee rose by 10 paise to 44.94 per US dollar, supported by a rally in the domestic stock market and dollar weakness against the euro overseas.

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