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'Monetary measures not necessary to tame food inflation'
Agriculture Minister Sharad Pawar today said monetary measures are not required to contain food inflation, amid speculations that the Reserve Bank of India (RBI) may squeeze money supply to rein in surging food prices.

Insuring the future
Equity infusion in Max India by Goldman Sachs will help the company expand its insurance and other businesses

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Nissan to start trial production of small car in India by Nov
Japanese auto maker Nissan, which plans to launch its global small car in the Indian market next year, will start the first trial production of the product from its Chennai plant in November.
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Navy to undergo infrastructural development soon: Admiral

The Indian Navy would undergo infrastructural development in the next few years, Admiral Sureesh Mehta, Chief of the Naval Staff, said today. - Boeing rolls out P-8A Poseidon; India to be first buyer - Navy alerted about suspicious ship sailing towards Goa ">Navy alerted about suspicious ship sailing towards Goa - The navy surfaces - Navy to be responsible for overall maritime security: Govt - US firm to provide maintenance for weapons on board Navy ship - Vice Admiral Nirmal Verma named Navy chief Addressing a ceremonial parade at the Naval Base here, he said the Indian Navy was getting the much needed "boost" in terms of advanced ships, submarines and aircraft. Navy had taken steps for the procurement of an aircraft carrier, new helicopters and the MIG 29, which would be inducted into the force within four years, he said. On the infrastructure front, Admiral Mehta said the Navy had commissioned the Indian Naval Academy at Ezhimala in Kerala and the Naval Base at Karwar in Karnataka. He exhorted the naval sailors to ensure "good character, discipline and hard work." With the advancement in technology, the newcomers should concentrate in learning these technologies including their maintainence, he said. Admiral Mehta, who will retire from service on August 31, was on a farewell visit to the Command.


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