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The government has projected overall economic growth in the current financial year at 8.5 per cent, while the Reserve Bank has projected the growth to moderate to 8 per cent.

 
 
The Income Tax Department will probe certain banks and their officials suspected to be helping customers hide illicit funds through multiple accounts.
It will be on field trial basis at five locations in the country, Minister of State for Finance Namo Narain Meena said in a written reply to the Lok Sabha.
Finance Minister Pranab Mukherjee expresses concern over rising food inflation, saying it is perilously near double digits.
 
 
This is the first time food inflation entered the double-digit mark since the week ended March 12, when it was at the same figure of 10.05 per cent.
Forex dealers said in addition to month-end demand for the American currency from importers, a lower opening in the stock market put pressure on the rupee.
Seeking to allay concerns over price rise, Prime Minister Manmohan Singh on Wednesday expressed confidence that inflation would come down to 6 per cent by year-end.
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