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CRR hike balances growth, inflation: RBI
Expressing concern over the rising food prices, the Reserve Bank of India (RBI) today said its move to ask banks to keep more cash with it was a carefully weighed decision to strike a balance between growth and inflation as it will not put an immediate pressure on interest rates.

Bank of Baroda eyeing Rs 4.25 lakh cr turnover this fiscal
Public sector Bank of Baroda is eyeing a total turnover of Rs 4.25 lakh crore in the current fiscal, bank"s Chairman and Managing Director M D Mallya said here today.

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Show cause notice to 'Colors' channel for obscene visuals
Government today informed Rajya Sabha that it has issued a show cause notice to "Colors" television channel for telecasting obscene visuals in the ongoing reality show "Big Boss 3".
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BJP walks out over Copenhagen; Ramesh terms it pre-planned

Government today said it will not compromise on India"s interests at the Copenhagen climate change summit, but a dissatisfied opposition walked out in the Rajya Sabha. - After climate change, Oppn fires another salvo at Govt on WTO - Seal the deal at Copenhagen : Ban Ki-Moon - India not acting under pressure on climate change issue: Saran - India hoping for substantive commitments at climate meet - Delegates gear up for tough bargaining at climate summit - Right climate for change "There is no dilution in our stand...There is simply no compromise on India"s national interest," Environment Minister Jairam Ramesh said during Zero Hour. However, almost the entire opposition led by BJP staged a walkout stating that it was dissatisfied over the reply by the minister, who is leaving for the summit on Thursday. Ramesh described the walkout as "pre-planned". Leader of Opposition Arun Jaitley said that by announcing unilateral emission intensity cut by 20-25 per cent by 2020, India was following a "bad strategy". He said the government was "totally altering" its stand that India would not accept any legally binding cuts and would strictly follow the per capita cut principle. CPI(M) leader Sitaram Yechury, who would be part of the Parliamentary delegation for the summit, accused the government of coming under the US pressure. He said even Prime Minister Manmohan Singh"s participation was under pressure from Washington, which was evident from the White House statement. However, Ramesh rejected the charge, saying "this was not done under any foreign pressure". About 193 countries are participating in the summit that began today to reach an accord to cut global emissions.


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