Prime Minister Manmohan Singh explained the inflation situation to Lok Sabha and assured the House that his government is doing its best to check the spiraling prices, especially of essential commodities.

For the first time in 19 years since the winds of liberalization blew across the Indian economic landscape, government seems serious about reducing the fiscal deficit.

The much-awaited budget presentation is over and it is time for analyzing Finance Minister Pranab Mukherjee’s rationale and reasoning behind each detail in the Budget speech.

Mamata Banerjee continued the tradition followed by Railway Ministers in blatantly promoting her home state of West Bengal in the Rail Budget presented in parliament yesterday. West Bengal received a slew of sops aimed at the masses in view of the imminent elections.