Inflation dips to 1.57%
New Delhi: An eight per cent decrease in the price of vegetables and three per cent in other food items pushed down inflation to more than two-decades low of 1.57 per cent in the week ended on 12 January 12.

Although inflation has been on the downward slide, on an annual basis, it averages around four to five per cent.
Close on the heels of point-to-point inflation, the wholesale price index fell marginally by 0.1 per cent to 161.3 as compared to previous week's level of 161.5 and the index was 158.8 a year ago.
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India's forex reserves cross $49bn
Mumbai: India's foreign exchange reserves have crossed $49 billion, a record high, following a rise of $298 million during the week ended 18 January.

The foreign exchange reserves rose to a new peak of $49,225 million compared to $48,927 in the previous week.

During the past six weeks, the foreign currency reserves have grown by $2,036 million, which include a massive flow of $728 million for the week ended 14 December.

Gold reserves and special drawing rights remained static at $2,856 million and $5 million respectively.
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Nasscom revises IT targets
New Delhi: Nasscom has forecast a robust growth in IT-enabled services.

Nasscom feels that the actual growth based on the Q3 results would be higher at 75 per cent.
The growth in ITES sector has been mainly driven by third party providers like Daksh and Spectramind rather than captive units.
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