The Reserve Bank on Monday warned that India's foreign exchange reserves mostly comprise borrowed funds and the country is vulnerable to sudden outflow of funds.

An interview with Liaquat Ahamed, the 57-year-old author of Pulitzer Prize-winning book, Lords of Finance: The Bankers Who Broke The World.

The upward revision in the tax collection target comes in the wake of 8.9 per cent economic growth during the first half of the current fiscal.

At present, the auto sector accounts for about 60 per cent of India's current machine tool demand.

Apple's iconic chief Steve Jobs has been taking home a salary of just $1 at least for the past three years.

The Planning Commission said on Friday that the Reserve Bank of India has some headroom for rate hike of around 50 basis points.

World number one Rafael Nadal suffered a rare second-set meltdown before recovering to beat plucky Slovakian Lukas Lacko and join rival Roger Federer in the Qatar Open quarter-finals on Wednesday.

In a forthright message to Pakistan, India on Sunday said its posture of "compulsive hostility" will not help a "serious and sustained" dialogue between the two countries.

Clouded by the global economic meltdown that began in 2008, the current Plan (2007-12) needed a lot of scaling down of the targets and the mid-term review was quite straight about it.

Leading economists have welcomed the Reserve Bank measures to ease liquidity and described the decision to leave all its key rates unchanged as on "expected lines and to help build the continuing growth momentum by not choking the system of money supply."

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The finance ministry on Friday indicated it will not intervene in the foreign exchange market even if capital inflows into the country touches $50 billion during the 2010-11 fiscal.

Encouraged by the industrial production growth rate of 10.8 per cent in October, Finance Minister Pranab Mukherjee on Friday sounded confident that the trend would continue and the fiscal would end with double-digit growth rate.

Slackening industrial expansion is expected to pull down economic growth in the range of 8.1 to 8.5 per cent during July-September this fiscal from 8.8 per cent in the previous quarter, say experts.

Foreign Policy, a global magazine on politics and economic, has chalked out a list of top thinkers of 2010. Nine Indians or those of Indian-origin make the cut. Here's a list.

Often called Chanakya for his political astuteness, engineer-politician Nitish Kumar blended his secularist ideology with pragmatic politics and combined the development plank with innovative social engineering equations in Bihar to bask in glory yet again.

Rising competition and costs are likely to keep profitability of brokerage firms under pressure, leading to consolidation.

Rediff.com spoke to Raghuram Rajan about his book, what enthuses him about the Indian economy, and what are the concerns he has with India's chaotic progress . . .

The summit in Korea, Ahluwalia pointed out, was the first to be held in a newly developed nation, as well as in Asia, home to many emerging nations. With the financial crisis that necessitated the meeting of minds in 2008 a thing of the past, Korea is keen to bring development to the forefront.

Amidst all the tension of the economic meltdown, Srijan Pal Singh took the call of letting go of an offer from a much sought-after consulting group and followed his instinct.

An alumina of Delhi School of Economics, from where she secured a Master's in Economics, Thorat joined the central bank way back in 1972.

Prime Minister Manmohan Singh on Monday said India aims for a sustained 9-10 per cent economic growth over the next three decades and sought US investments in technology and infrastructure, where a staggering $1trillion funding was required by 2015.

While United States President Barack Obama is expected to announce trade deals worth $10 billion with India, Chinese President.Hu Jintao has already signed trade deals worth $20 billion with French President Nicholas Sarkozy during his visit to the European nation.France also sought China's help during the upcoming G20 summit that will be held from Seoul from November 13. The two leaders also reportedly discussed reforms in the international monetary system.

"We want access to Indian markets. We want to sell in India... It's not unfair for US to say that if our economy is open, then the countries with whom we trade will have to change their terms," the President said.

The G20 must also take overdue sanction on transparency, by delivering an exhaustive and objective list on non- cooperative jurisdictions, backed up with the promised sanctions.

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Among the main industry segments, manufacturing activity declined to 5.9 per cent from 10.6 per cent a year ago.

International investment in the domestic energy sector could get affected if the government unduly delays the deal between Cairn Energy and Vedanta Resources, says Bill Gammell, Cairn India Chairman and CEO of its British parent.

India and China, besides some developed countries, may face economic downturn in the coming months, according to an analysis by OECD -- a grouping of mostly advanced nations.

Thanks to fewer applicants and more seats at IIMs.

The global financial system needs more regulatory reforms to reduce the possibility of another meltdown, according to experts at International Monetary Fund.

Top seed Caroline Wozniacki outfought Russia's Elena Dementieva 1-6, 6-2, 6-3 to win the Pan Pacific Open on Saturday. Victory in the $2 million tournament means the Dane can leapfrog Serena Williams at the top of the world rankings if she reaches the quarter-finals at the China Open in Beijing next week.

Anjaana Anjaani is embellished with contradictions.

The pace of growth in bank deposits and credit showed a substantial decline in the last quarter of 2009-10, as compared to the same quarter of the previous year.

The review will now make it mandatory for the world's top 25 financial economies to undergo IMF's surveillance. The check-up was earlier voluntary in nature.

US markets jumped on Monday, taking the S&P 500 to its highest in four months. The Dow added 1.3% to 10,754. Nasdaq jumped 1.7% to 2,356.

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The comment assumes importance, since the RBI on Thursday expressed doubts over the efficacy of industrial growth data in mirroring the ground reality.

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Home, auto and corporate loans are likely to become expensive from October, with bankers on Thursday saying that interest rates may be hiked next month in response to the Reserve Bank raising policy rates to tame inflation.