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Just in:   • Inflation surges to 7.83 percent, Chidambaram urges patience  • Export textile machinery and components to Bangladesh  • Behind Cannes fest glitz, Bollywood does brisk business  • EU-Latin America summit voices concern over food prices  • Market moves ahead shrugging off inflation, rising crude  Last updated: 18 May, 2008    India Economy We will work towards the further improvement of connectivity between our two countries: PM PM pledges Rs.100 bn economic partnership with Bhutan Murali Krishnan | 17 May, 2008 Indian Prime Minister Manmohan Singh Saturday pledged Rs.100 billion ($2.5 bn) over the next five years as part of a package of economic engagement with Bhutan, asserting that the challenge before both countries was to evolve a model of sustainable development.  More Headlines » Jaipur blasts led to Rs.20 bn losses in turnover » Markets go down after positive opening » 18 Foreign direct investment proposals cleared » Doha round negotiations delicately poised: Nath » Govt may cut cement prices further: Chidambaram   Read more....       Headlines Foreign investment proposals worth Rs.18.2 bn cleared Staff Reporter | 17 May, 2008 Finance Minister P. Chidambaram, on the recommendation of Foreign Investment Promotion Board (FIPB), Friday approved 18 FDI proposals totalling Rs.18.20 billion, a ministry statement here said.    Read more.... India, China to cooperate in financial sector Staff Reporter | 17 May, 2008 India and China Friday took another step to expand their economic ties by agreeing to cooperate in the financial sector through government agencies, private institutions and banks.    Read more.... Chidambaram asks industry to help inclusive growth Staff Reporter | 17 May, 2008 Advising against cartelisation, Finance Minister P. Chidambaram Friday called upon the industry players to contribute towards sustaining the country's inclusive growth.    Read more.... Ambitious programme for poor in India's northeast Sujit Chakraborty | 17 May, 2008 A 14-point action plan to eradicate poverty from India's eight northeastern states promises to improve the condition of the estimated 7.9 million poor people in the region.    Read more....       Top Stories » Inflation surges to 7.83 percent, Chidambaram urges patience » Market moves ahead shrugging off inflation, rising crude » Export cargo to now get transit insurance cover » No increase in steel price for next three months: SAIL » CII outlines 10-point agenda for MSMEs   Commented Stories » Kalam releases handbook for small entrepreneurs(28) » Central Sales Tax (CST) not brought down to 2 percent: report(12) » India-Africa trade: more incentives could double exports to Africa(9) » SMEs - help yourself to succeed(8) » US calling - opportune time for Indian exporters(6)   Customs Exchange Rates Currency Import Export US Dollar 40.50 39.90 UK Pound 80.05 78.70 Euro 63.65 62.55 Japanese Yen 38.95 38.20 As on 18 May, 2008   Daily Poll Do you agree the government should review the textile export target set for this fiscal (2008-09)?  Yes  No  Can't say

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