One of the biggest myths being propagated is that nuclear cooperation with the US is the answer to India's energy crisis, which in any case would not see the light of the day before 2016. Also Indian Parliament and citizens have been kept in dark about the cost of electricity from foreign-built nuclear power reactors.

GJEPC seeks two year Direct and Indirect tax holiday on export earnings of Gems and Jewellery Industry, considering difficult export market faced in the current fiscal

Suresh Kumar's nomination by United States President Barack Obama, to be assistant secretary of commerce and director general of the United States and Foreign Commerce Service, sailed through two key US Senate Committees last week.Now the full Senate has to vote on his nomination, and sources said he could be in place in his job at Commerce by late February or early March.

The senate banking committee and commerce committee approved Kumar's nomination, which was buoyed by a rousing introduction of Kumar by Senator Robert Menendez of New Jersey, where Kumar has resided since 1993, and it's now the full senate that has got to vote on his nomination, and sources said he could be in place in his job at commerce by late this month or early March.

The delegation, comprising leader of Opposition in Lok Sabha Sushma Swaraj, her counterpart in Rajya Sabha Arun Jaitley and others, said Mukherjee had assured them that DTC was only at the drafting stage and discussions were still on.

Sources said the major criteria for review will be the minimum paid-up capital of the bank, nature of new entities to be allowed in the banking sector, promoters' contribution in the paid-up capital, nature of promoters and corporate governance norms in the current scenario.

In an interview with Mihir Mishra and Jyoti Mukul, Nath, who as the commerce and industry minister in the previous United Progressive Alliance government was part of the fire-fighting to minimise impact of the slowdown, says that the current year will be better than the last year.

Kerala State Industrial Development Corporation, which is the designated agency for the formation of the bank, will have 11 per cent stake in the proposed banking company.

Ro Khanna, 32, has been appointed by President Barack Obama as the new deputy assistant secretary of commerce for domestic operations of the United States and Foreign Commercial Service, International Trade Administration at the US Department of Commerce.He is the first Indian American to be named for a senior position in the Department of Commerce in the Obama administration, whose portfolio will have a direct impact on US-India trade and commercial ties.

Finance Minister Pranab Mukherjee presented the Budget for 2009-10 on July 6. Following is the Budget Speech of Finance Minister Pranab Mukherjee:

Due to paucity of time, the UPA government will drop the traditional scrutiny of the Budget by the Parliamentary standing committees. Instead, Pranab Mukherjee is in touch with BJP and the CPM, while Pawan Kumar Bansal and Anand Sharma have been asked to liaise with the smaller parties to ensure the Budget moves smoothly through Parliament.

Vashu Bhagnani is ready to launch his son Jaccky in Kal Kissne Dekha, opposite another newcomer Vaishali Desai. He tells us about his journey to stardom.

Of late the misappropriation of terms such as innovation and reform in the context of finance or taxation has become commonplace.

External Affairs Minister Pranab Mukherjee, who is also managing the finance ministry, presented the Interim Budget for 2009-10 in Parliament on Monday. Following is the text of the entire Budget Speech:

Ever since he ran for the Senate in 2004, Barack Obama has had a wealth of 10-figure tycoons advising--and funding--him.

Reform will be a priority with the new Congress. But where to start?

This follows a letter written by eight US Congressmen to that country's Export-Import Bank (Exim Bank) asking it to immediately suspend all financial assistance to RIL until the company agrees to stop selling gasoline to Iran.

Yet another young Indian American Democratic Party activist has been named for United States President-elect Barack Obama's transition team.Parag Mehta, 31, has been named the deputy director of inter-governmental affairs and public liaison of the Obama-Biden transition team, charged with outreach to Asian Americans and Pacific Islanders and other minority groups.His appointment follows close on the heels of the appointments of two Indian Americans.

The Malaysian government has said that the plight of the minority ethnic Indians in the country was being seriously looked into by a special cabinet committee to ensure that the community had participation in the national economy and equity.

The administration is leaving no stone unturned as it races against time to have the US-India civilian nuclear agreement completed by the Congressional adjournment date of September 26 even if indications are there that the lawmakers may return for a Lame-Duck Session after the November 4 presidential elections.

Neel Kashkari, who was nominated by President George W Bush to the post of Assistant Secretary of Treasury for International Affairs, has been confirmed by the Senate and has begun work in his new job, even if it is only for the next six months.

The influential Indian-American community has swung back to action to push the N-deal ahead.

It was one of the most tantalising days in Indian Parliament. Parties debated for and against the nuclear deal. MPs crossed swords, armed with allegations and statistics. As the nation kept glued to the happenings, rediff.com's Prem Panicker gave its readers a blow-by-blow account of what happened. Here is the transcript:

As common people grope for means to counter the ever-increasing prices of essential commodities, the economists and financial analysts fear that the recent hike in fuel prices would soon push inflation past 9 per cent. In an interview to rediff.com's special correspondent A Ganesh Nadar, Economic advisor to the Tata group Siddhartha Roy, shared his thoughts on the vexing issue of India's inflation.

A source in the CEC's office claimed that the money power of the Congress and BJP candidates in states like Punjab, Gujarat and Maharashtra pales in comparison to candidates from Karnataka and Andhra Pradesh.

Fast bowler Shoaib Akhtar on Friday filed an appeal against the five-year ban slapped on him by the Pakistan Cricket Board.

Workers raised in an age of economic optimism want it all, and they want it now.

The text of US President George W Bush's final State of the Union address delivered to Congress on Monday.

Economic cracks are already beginning to form along China's Great Wall.

A clutch of innovators, entrepreneurs and researchers are heralding a revolution that combines the academic and the real world within the IIT Madras campus.

The 37-year-old labourer Srikanta Shee hanged himself from a guava tree in the compound of his house at Gopalnagar-Sonapara at around 2 am, Officer-in-Charge of Singur police station Priyabrata Bakshi said.

There is apprehension that the recent crisis could have been created in response to the 1997 Mathew Commission report that was made public two months ago.

"It is a logical step. The information gathered through annual information returns will now be compared with the tax returns of individuals to see if taxes are paid correctly or not," said a consultant with a leading tax advisory firm.

An alternative to oil? Check. Completely green? Check. Economical? Check. So why has the entrepreneur been sued, pilloried, and lampooned?

The untold story of how an epic loser engineered what may be the greatest brand makeover ever.

Tabloidisation seems to be working for Hindi news channels, fetching them viewers and advertisers.

The CEO of infoUSA says the NYT article is a 'hatchet job' to embarrass Hillary Clinton and is motivated by the newspaper's support for Obama.

Following are the highlights of the RBI Monetary and Credit Policy for the year 2007-08:

This Statement consists of two parts: Part I. Annual Statement on Monetary Policy for the Year 2007-08; and Part II. Annual Statement on Developmental and Regulatory Policies for the Year 2007-08.

The policies that kept the Left Front in power for 30 years are proving major obstacles in the state's bid to industrialise.