Car maker Honda today marked its entry into the diesel vehicle segment in the country with the launch of the compact sedan Amaze. The lowest petrol variant is priced at Rs. 4.99 lakh, while the base diesel variant costs Rs. 5.99 lakh.
Finance Minister P Chidambaram has said that the government should consider taxing the "very rich" more, but emphasized that he believes in "stable tax rates."
With the US and Europe looking at a "lost decade" of sorts, emerging economies will no longer have the benefit of "rising with the tide".
Each country seems to be going in its individual trajectory in terms of economic growth and hurdles to the growth.
How are BRIC growth strategies adjusting to a protracted economic malaise in the EU - their largest trade and investment partner?