The government may consider restricting companies seeking Chinese renminbi (RMB) denominated foreign debt for fear that it may adversely impact domestic manufacturing.

A constitutional crisis has been averted with the main opposition party, BJP, announcing on Monday a temporary truce to allow the passage of demands for grants for various ministries, the finance bill and the railway appropriation bill in the Lok Sabha. These will be passed on Tuesday.

The Reserve Bank of India (RBI) is likely to issue an advisory to banks to reassess their gold loan portfolios. Banks have been giving loans of up to 70

Preside­nt Barack Obama has em­braced a sweeping overhaul of the nation’s immigration system put forward by a bipartisan group of US Senators, saying it was “largely consistent” with his own principles for immigration reform.

Prime minister Manmohan Singh sought to allay fears of China running the Brahmaputra river dry with the dams it is building in Tibet, though he said he had failed to get China’s commitment to allow India on-the-spot assessment of what it is exactly up to in the river basin.

A consensus on the simultaneous rollout of GST across the whole country again eluded states and the centre at a meeting on Thursday.

The government has wound up the cabinet committee on infrastructure led by the prime minister that was virtually the single window for approving both policy and projects.

Ahead of the rail budget next month, the UPA government has made rail travel expensive for passengers across all classes beginning January 21. The move is aimed at mobilising