UPA II Celebrates 3rd Anniversary; Marred by Unhealthy Relationship

The United Progressive Alliance-II (UPA II) has completed three years in office and Prime Minister Manmohan Singh is hosting a dinner party on Tuesday to celebrate the occasion. But the major allies of the Congress are not in the mood to celebrate. Mamata Banerjee and Karunanidhi will skip the 3rd anniversary celebration May 22, 2012

BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks. May 21, 2012

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said. May 21, 2012

Pranab Mukherjee's Crackdown on Black Money; Tables White Paper in Parliament

Finance minister Pranab Mukherjee presented the much-anticipated "white paper on black money" at a Parliament session on Monday. Mukherjee's proposed move reflected an earlier promise made during his budget speech in the Lok Sabha where he said, I will try to give all the relevant and possible information". May 21, 2012