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Too early to exit economic stimulus: FM
Finance Minister Pranab Mukherjee today said it is premature to "exit" the fiscal stimulus as the global economy is not showing robust recovery, but was optimistic about economic growth.

The West in the East
There was at least one whole century when Western art was collected in India. But do you know how much it’s worth?.

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Govt no to IIFCL alternative fund use request
The government has turned down the suggestion of the India Infrastructure Finance Co (IIFCL) to use its refinance facility for other lending. The Rs 10,000-crore facility was announced last year to support private partnership projects in the infrastructure sector. After seeing a lukewarm response to the facility, IIFCL had proposed that the funds lying idle could be utilised elsewhere.
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India may buy UK aircraft carrier

Whitehall officials examining the feasibility of such a sale. - Immigrants now require "permission" to stay in UK - British PM"s party wins by-election ahead of general poll - Brown vows to tighten immigration rules - Brown vows to curb entry of doctors, professionals to UK - London finance openings rise to one-year high: Survey - Post-Tobin tax As part of its cost-cutting plans, Britain may sell one of its new £2-billion aircraft carriers to India, which has lodged a firm expression of interest, a media report said today. Quoting senior defence sources, The Observer newspaper reported that Whitehall officials were examining the feasibility of such a sale to India under cost-cutting plans being considered by the Ministry of Defence. However, the sale of one of the two 65,000-tonne vessels would leave the Royal Navy with only a single carrier and could force Britain to borrow from the French fleet, which itself has only one carrier and is reluctant to build more, the report said. Last summer, French President Nicolas Sarkozy proposed to British Prime Minister Gordon Brown that the two navies co-ordinate maintenance and refitting so that one was at sea at all times. The carrier programme has already been delayed by two years to push back spending commitments, which itself will end up costing the taxpayer more in the long run. BAE Systems began work in July on HMS Queen Elizabeth, which is due to come into service in 2016. Preparatory work on the Prince of Wales, due for launch in 2018, has also started. The two carriers will replace the ageing Invincible class and are three times the size. There were fears that the government could scrap one altogether. But it is understood that the financial penalties would be prohibitive. About 10,000 jobs in Portsmouth, Barrow- in-Furness, Fife and Glasgow depend on the orders.


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