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Subbarao meets FM amid inflation woes
With food inflation rising to a 10-year high, the Reserve Bank of India (RBI) and the finance ministry today discussed the macroeconomic situation and the monetary policy stance. The meeting assumed significance, as this would decide the course of action by RBI to combat rising inflation.

Tata to compensate Singur vendors' losses
To make up for 80% of losses incurred by component suppliers

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S C Kalia takes over as Union Bank ED
State-run Union Bank of India today announced the appointment of Subhash Chander Kalia as its Executive Director.
Corporate

Investment committee to submit report by Sep-end

The committee set up to look into the issue of regulating investment advice would submit its report to the government by the month end. "The committee would submit the report by the end of the end of this month to the government," D Swarup, head of the committee, who is also an interim pension regulator, told PTI.


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