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Are you ready to pay market rates for fuel? State oil firms are bleeding because of global fuel prices. Jet mulling fare hike, may levy surcharge on baggage Rising fuel prices have already forced airlines to increase the surcharge on fuel. Petroleum Ministry proposes fuel cess on income tax This is one of the options the ministry is considering to off-set rising crude prices. Government may tax you to bail out its oil firms Petroleum Minister Deora under pressure to find solution. India eases cement exports,stays curbs on rice Commerce Secretary G K Pillai said the ban on rice exports will not be lifted. Mkts off day's high; Bankex down over 1% Market has given up some of its gains, trading off day's high. Vodafone CEO Arun Sarin to step down in July Arun Sarin will hand over all work to his deputy, Vittorio Colao. SBI increases interest rates on domestic term deposit Interest rates on fixed deposits have been raised from 35 to 50 basis points. Reliance Communications now in talks with MTN Reliance quickly fill a void left after Bharti Airtel, pulled out of talks with MTN. India's fiscal deficit more than projected, says Reddy The RBI Governor's revelation showed that the Govt's outlook was optimistic. Blackberry vendor tells Govt can't share encryption keys RIM says its security structure does not allow any third party to read information. India's inflation rate could be 10 pc: The Economist The mag predicts an alarming double digit inflation rate by mid-summer. Fiscal pressures not fully reflected: RBI India aims to bring down its fiscal deficit to 2.5 per cent of GDP for the 2008/09. Inflation will not have adverse impact on UPA: FM Chidambaram praised the BJP-ruled Gujarat for solving the problem of electricity to farmers. RSS URL: http://www.ibnlive.com/xml/rss/business.xml

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