Kalam shares thoughts with fellow teachers

Injecting Beauty of Science in TeachingDear teachers and friends, my greetings to all of you. I am delighted to talk to you on this happy occasion of Teachers' Day. This is the day of remembrance......

FPIs seek six more months from FinMin to comply with PMLA tweaks

Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA),......

Is RBI's forex swapping window actually useful?

As in 2008, the latest effort of the RBI will have a temporary and limited impact on the exchange rate. Eventually the fundamental factors of fiscal and current account deficits will determine its......

IOC keen to sell Rs 1,500-crore oil bonds

State-owned Indian Oil Corp is looking at selling oil bonds worth Rs 1,000-1,500 crore (Rs 10-15 billion) this month in the open market even as its crude oil import bill has declined by about 67......

Compensation not enough, say OMCs

With the government looking for alternative ways to tackle the sticky issue of domestic petroleum prices, state-run oil marketing companieshave sought a higher cash component in the compensation......