The country urgently needs to shift focus from finance to commerce: Uday Kotak, Kotak Mahindra Bank

Is the adverse trade balance the problem? You have to look at the March 2013 numbers and the number that strikes me the most – $500 billion imports and $300 billion exports. We have a $90-odd billion gap in terms of current account. It is a problem of commerce which is becoming a problem of finance. We have to get competitive.

Finance Latest News: Stocks Drift Lower Before Fed Releases Minutes

Markets open in 50 mins. YOUR FRIENDS’ ACTIVITY Remind me when I share | Not you? Log out of Facebook How to remove this experience Finance Latest News: Stocks Drift Lower Before Fed Releases Minutes Link 16 hours ago, Wochit Stocks drifted lower ahead of the release of minutes from the Federal Reserve’s latest policy-meeting. Federal Reserve officials expressed concern about how well the central bank was conveying its policy intentions to a jittery investing public, according to minutes from the most recent meeting.

Sacked MP finance minister Raghavji in jail block he opened 7 years ago

The expelled BJP leader is lodged in the prison’s same block he inaugurated seven years ago. That’s not all. Immediately after his arrest, he was questioned at Habibganj police station , inaugurated by him in July 2009. Officials said Raghavji was lodged in barrack number 10 in B block which is mainly for undertrials and is divided into two parts. In 2006, he had inaugurated the first part with 12 barracks where a plaque bears his name.

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