Corporate
`Creative destruction' process is on
THE industrial sector in the country is witnessing a process of `creative destruction' with the older industries giving way to new, according to Birla Sun Life Mutual Fund.

Economy
Indian industry is flush with pre-monsoon hopes
MAY 25 is the day India Inc is waiting for. On that date, the Indian Meteorological Department (IMD) will be releasing its `long range' rainfall forecast for the coming south-west monsoon season.

Panel picks holes in fiscal Bill
THE Fiscal Responsibility and Budget Management Bill, introduced last year by the Government does not address the issue of borrowings of States and also reflects undue haste on the part of the Union Government to legislate on borrowings, when a Constitut ional review committee is at work, according to some members of the parliamentary standing committee on finance.

Infrastructure
Indian offer to South Africa
NEW DELHI: India has offered to train South African officials in implementing and managing rural development projects. The offer was made by the Union Rural Development Minister, Mr M. Venkaiah Naidu, when a South African delegation led by the Public Wor ks Minister, Ms. Sigcau, called on him here on Tuesday.

Policy
World Bank wants Indian pension system revamped
EVEN as the issue of a thorough Pension Fund(PF) reforms in the country continues to be in the periphery of action despite brave efforts of the Finance Ministry to signal rate cuts off and on to the chagrin of organised employees, the impetus for pension reforms is now relevant due to several ills plaguing the economy, the most serious of which is the brittle fiscal situation.

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