Right policies can lead to 8% GDP growth, says IMF 
New Delhi: Days after pegging down Indias GDP growth forecast to five per cent for this fiscal, the International Monetary Fund said the Indian economy has the capability to move on to a higher eight per cent growth if reforms were stepped up. 
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US Co gets HC injunction against globe biomedicals 
New Delhi: The Delhi high court has granted an ex parte injunction against the Mumbai-based Globe Biomedicals restraining it from manufacturing and selling any occlusion devices which are similar to the ones of the US-based AGA Medical Corporation. 
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Mayas sugar dream turns sour 
Lucknow: Inadequate policy framework and excess capacity have played havoc with the Uttar Pradesh governments effort to privatise state-run sugar mills. 
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States asked to give tax sops to tourism 
New Delhi: In a bid to boost the tourism industry, which has experienced a drop in business since last September, the Centre has urged the states to provide tax reliefs to the sector similar to the ones given by it in this years Union budget. 
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FDI: steady dip from US as Mauritius clocks 57% 
New Delhi: The flow of foreign direct investment from the United States has steadily been declining from 26.1 per cent of the total investments in 1999 to 11.3 per cent in 2001, while the share of investments through the Mauritius route has gone up from 27.2 to 56.8 per cent. 
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MFs have field day as banks flood short-term schemes 
Mumbai: Its big money chasing short-term mutual fund schemes. Commercial banks, flush with liquidity, have been pouring money into short-term plans taking their corpus to dizzy heights, according to fund sources. 
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