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Economy and Politics

Amid controversy over the definition of poverty, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Rural Development Minister Jairam Ramesh on Monday claimed that they have resolved the issue.

 
 
Finance Minister Pranab Mukherjee on Thursday described the latest rise in food inflation toward the double-digit mark as an area of "grave concern".
Forex dealers attributed the rupee's fall to dollar gains against the euro overseas and a weak opening in the stock market.
Growth in infrastructure industries like steel and cement slowed down to 3.5 per cent in August, raising concerns over slackening of economic activities.
Dealers said dollar weakness against the euro and other currencies overseas and gains recorded by domestic bourses in early trade assisted the rupee's rise.
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