Diesel car buyers may have to shell out more with the Finance Ministry considering the imposition of higher excise duty on such vehicles in the upcoming Budget likely to be unveiled sometime in March. The Petroleum Ministry had suggested the imposition of higher duty on the purchase of diesel cars

The government is likely to introduce a Bill that seeks to make it mandatory for all micro-finance institutions to be registered with the RBI in the Budget Session of Parliament. The Finance Ministry has sent the draft Bill to the Law Ministry for approval and will subsequently seek Cabinet's nod.

Dr Reddy's Laboratories has run into trouble with the US health authorities again, this time for not highlighting important risk information on a promotional website for injectable generic fondaprinux sodium, a drug that it launched in the US market recently.

Finance Minister Pranab Mukherjee said that although food inflation has come down drastically, inflationary pressures were still visible in the manufacturing sector.He blamed the spiralling global crude oil prices in fuelling inflationary pressures in India. He applauded RBI for cutting the CRR.