Inflation falls to 14-year low of 3%
The annual inflation rate, as measured by the wholesale prices index, has fallen to a 14-year low of 3% for the week ended June 12, marking a major triumph for anti-inflation policy.

Pranab Mukherjee flays proposal on safe passage for Pakistan
Senior Congress leader Pranab Mukherjee on Saturday said that his party was against any third party intervention in the ongoing Kargil conflict and asked the BJP government at the centre not to take any steps that would allow such a situation to develop.

Kargil crisis puts rupee under pressure
The border confrontation showed no signs of abating during the week. The good news for India was the open support from the US and other G-8 nations for its position and their pressure on Pakistan to withdraw to the LoC.

  Drug price control review panel gets 3-month extension
  Rising British trade with Asia boosts CII visit prospects
  Kerala to withdraw powercut in phases, says chief minister
  Executive Briefing
  Gujarat outlines Rs 116,993 cr investment in infrastructure
  FM proposes regulatory bodies for all core sectors
  Private sector bids adieu to over 70,000 staff via VRS
  Briefing
  Calcutta Port posts 15% growth in cargo traffic
  Other income of private firms rises 14.8%
  Dahej may have first mover edge over Hazira
  Lever to transfer animal feeds business to 100% subsidiary
  Agenda evokes cautious response
  Call of the state too irresistible for Advani
  Regulatory hurdles may force pharma cos to look overseas for biological research
  Rlys clears site survey for third track on Ahmedabad-Virar route
  Athreya, Ambani on IBA advisory panel
  Two-wheeler sales move up 8% in April-May, exports fall 35%
  EC move puts Rover rescue plan under cloud
  Dutch-aided cold-chain linkages get nod
  Monsoons gain momentum in northern states
  Freight rates may dip
  Revision of rubber stocking norms urged
  Favourable trends help leather council scale heights in export performance
  Tyre-makers sceptical about rubber futures
  Banned tanning usages may hit leather exports
  Traders reject cotton association's crop estimates of 141 lakh bales
  Georgia may consider a new oil refinery at Supsa
  Kazakhstan's crude oil export drive starves domestic refinery
  Biopesticides
  Iraq mounts major diplomatic offensive to end trade sanction
  IMF gold sales debate hots up in US Congress
  Core committee to standardise safeguards on lead recycling
  Rajasthan closes doors on private sector participation in gypsum mining
  USDA to seek public comment on plan to change LDPs
  Indonesia poised to make debut in world rough diamond business
  Alloy producers hit by high power costs
  Centre's sugar import policy hits local producers
  Spice export earnings register 17% growth
  Speciality coffee seminar in Tokyo from October 27
  Cadila to boost eucalyptus output via tissue culture
  Patent-like protection to corporate plant breeders worries farmers
  Ministry okays cashew processing scheme
  Sugar imports continue, edible oil declines
  Tea estate norms to improve global image
  Indian oil firms `future' bleak as big sharks lurk around