New Delhi: The embattled government faces the daunting task of appeasing voters weary of high inflation while trying to tame its fiscal deficit when it presents its budget for the next fiscal year on Monday.
Prime Minister Manmohan Singh's government is under pressure over high prices and its handling of a string of corruption scandals as his Congress party faces elections in five states this year, making it unlikely that it will unveil any sensitive reforms in the budget for the fiscal year starting in April.
Instead, Finance Minister Pranab Mukherjee is expected to count on a robust economy to expand revenue in the absence of big one-time gains that it enjoyed in the current year from the sale of 3G telecom licences.
Mukherjee is also expected to withdraw more of the stimulus that helped India weather the global economic downturn when he presents the budget to parliament at 11 am (0530 GMT) on Monday....more
08:45 AM, Feb 28, 2011
Dubai: Kevin Pietersen scored his second century in as many matches as England beat Pakistan by four wickets on Tuesday to sweep the one-day international series 4-0. Pietersen hit 130 off 153 balls, his highest ODI score, and he teamed up with Craig Kieswetter (43) for a 109-run partnership as England eclipsed Pakistan's total of 237 with four balls remaining at Dubai Sport City. It was probably the best innings...
11:42 AM, Apr 26, 2008