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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.

Morgan Stanley ropes in Merrill Lynch's Fleming
Financial services major Morgan Stanley has appointed Merrill Lynch President and Chief Operating Officer Gregory J Fleming to head its investment management group.

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SC issues notice to Guj govt on Jaswant's plea on book ban
The Supreme Court today issued notice to the Narendra Modi government on a petition filed by expelled BJP leader Jaswant Singh challenging the order banning his controversial book on Muhammad Ali Jinnah in Gujarat.
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Plan panel forms group

The Planning Commission has constituted a 20-member expert group to look at low carbon growth strategies for India. The group will be headed by Planning Commission member Kirit Parekh, senior sources disclosed late this evening. - Petronet LNG eyes 53% growth in top line - Stimulus should not be withdrawn: Ratan Tata - Plan panel to begin Budget discussions in 2-3 weeks - India doesn"t stand out as an overspender: Montek - Montek to meet ministries on Plan outlay in 2-3 weeks - Food inflation to ease next month: Montek Nitin Desai, who has been involved with the climate change negotiations and Jamshed Irani, director Tata Sons limited, are said to be some of the other members of this multi-sectoral group. This group will have representation from varied sectors such as industry, transport, agriculture, building, energy and forestry, sources said. However, a likely member of the group said: “Nothing has been finalised as yet and the group is in the process of being formed. I have not started work as yet. Though it was mentioned to me that such a group is being formed, the matter is still under discussion”.


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