New challenges put reforms

According to India Top News Rising food prices and a possible drought. Swine flu and a damaging corporate war. Even a diplomatic setback with rivals Pakistan.

Three months into office, India's ruling coalition is besieged by a slew of crises, undercutting the momentum from a resounding election victory and making it harder to carry through bold promises of policy change and economic reforms.

"The government is on the back foot. Its priorities have to shift to giving relief from the drought and high food prices," said V.K. Sharma, head of research at Anagram Stock Broking.

"In this situation policymaking can take a backseat and any spending to cushion the farm sector from the drought will widen the (fiscal) deficit. All the talk about a clear election mandate allowing the government a freer hand is now gone.

Read More: http://in.reuters.com/article/topNews/idINIndia-41843920090819

Indian rupee up for 3rd day

The Indian rupee inched higher on Monday, extending its gains into a third session as a stronger start in Asian shares prompted some dollar selling as traders positioned for foreign buying of local stocks.

At 10:30 a.m. (0500 GMT), the partially convertible rupee INR=IN was at 48.16/17 per dollar, 0.1 percent stronger than Friday's close of 48.22/23. The rupee gained 1.1 percent last week.

"Rupee opened stronger tracking regional cues, but stocks would be the key. We are likely to hold in a 48.10-48.25 range initially, which if broken could take the rupee to 48 and then 47.80," a senior dealer with a private bank said.

"Oil refiners are likely to come in at lower levels to meet month-end demand which will cap the gains," he added.

Source url :http://in.reuters.com/article/inRupeRpt/idINBOM31388420090727

Breaking news has a smell of fresh dews in them

What one expects out of breaking news is originality expressed with a difference. Every individual has a specific interest in some category of news piece. Some are interested to know breaking news in cricket; some may wish to know about latest stock market news or bollywood news or events happening in some foreign country. One of the latest news India that is creating havoc is Swine flu, which happens to have affected some parts of India. This disease has originated from the China and Malaysia, which spread its wings in other parts of the world too. The value of current news lies in the fact that it brings a vital piece of information that we have not heard or seen before. This is the reason that makes it little more crispy and demanding.

The news of swine flu has casted a very bad effect on the import and export of chicken and other related products. Even, the top news videos have a place for it that shows people lying in hospitals and getting treated for it. It is quite obvious that breaking news always raises certain reactions and queries. All these enable the people to discuss over them and try to come out with possible solutions.

EPFO to pay 8.5 percent interest to its subscribers

The Employees' Provident Fund Organisation (EPFO), India's biggest pension fund, aims to pay 8.5 percent interest to its 40 million-plus subscribers for 2009/10, as new fund managers have helped it earn better returns, a top labour ministry official said on Thursday.

Rising inflation prompted the central bank to raise interest rates until September, pushing up returns on fixed income investments, including government bonds, which form a bulk of the fund's investments.

The global slump that followed the financial crisis in the second half of the fiscal trimmed India's factory output and exports, forcing firms to slash jobs for cutting losses.

Pillai ruled out the possibility of investing a portion of 2.9-trillion-rupee corpus of the pension fund in equity market in near future. "Equity market, see, they (EPFO) will not go for it because of large.

Source url : http://in.reuters.com/article/businessNews/idINIndia-39940820090529

Rupee fell to its lowest in a week

The Rupee fell for the lowest in this week on 25th-Mar-09 Wednesday it’s the latest news update. The fall has been noticed by gains in the dollar against the Euro and Asian units and demands from the oil refiners and importers. The fall has been huge for most of the Asian currencies. A rise in local share market could support the rupee later quoted by the dealers.

According to an Indian News Paper Rupee rise 1.7 percent last week it was the biggest weekly rise since the week to Mid of December and has gained 2.9 percent from the record low of 52.20 hit in March starting.The Chinese currency inched up against the euro and the Australian dollar on Wednesday, leaving behind Euro this week after five months low versus the euro, as falls in Tokyo shares tempered buying of higher-yielding currencies.

News Source Url : http://in.reuters.com/article/businessNews/idINIndia-38688720090325

Latest India News

What about the breaking news, especially on the economy. Today, all are more concerned and give priority to India top news. Political tidbits and everyday business sagas, particularly money market, shares, stocks and related real gossips are the daily stories of India news. Thanks to the electronic and print media to let us know about the up-to-the-minute news!

Few days back, in latest news India, Satyam scam topped the list for several days together. This story still is a part of India top news followed by the story of another IT giant—Nortel. Indian news is not only popular in India but also worldwide. Well, this is because, as one of the fastest developing economies, it is not that highly affected by the global recession! The IT downslide is no doubt breaking news for all in this IT dominated scenario!

What the BSE Sensex reveals

It is surprising that the BSE with 30 big companies is showing a slump. As per BSE sensex, the BSE companies that are the lifeblood of many an investor, are all sliding down. I have also heard that three or four big companies that started with BSE from the beginning are replaced.

The BSE sensex has really hit the market. I am almost sleepless after I lost several lakhs of rupees in shares with BSE companies. As long as the BSE index doesn't not show recovery, I am in a dilemma to invest. I am very thankful that the bank is providing enough credit but I fear loss. Of late, the BSE index showed positive results, but just look at Satyam Computers!