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Economy and Politics

In October, imports grew at a faster rate of 21.7 per cent to $39.5 billion leaving a trade deficit of $19.6 billion, the highest ever in any month in the last four years.

The World Bank expects continued growth in remittance flows going forward, by 7.3 per cent in 2012, 7.9 per cent in 2013 and 8.4 per cent in 2014.
The stalemate in Parliament over FDI in retail and other issues continue to rock the Lok Sabha and the Rajya Sabha for the eighth consecutive day.
RBI Governor D Subbarao says inflation will come down because the production and agriculture sectors will boost up the rural agro-based economy of the country.
With global crude rates coming down, petrol price in India has been cut by Rs 0.78 per litre, the second reduction in two weeks.
Indian economy grew at its slowest pace in two years in the quarter ended in September 30, hurt by high interest rates and a deepening Eurozone crisis.