1. 50% pay hike is recommended for Central government staff. Secretary-level officer could earn basic salary of Rs.80,000 a month.
2. Inflation flares as food prices soar. The inflation has mover up to 5.92%. The level is above the target of 5%, put up by the Reserve Bank of India for 2007-08.
3. An estimated 5.7 million Indian workers abroad sent home US$27 billion in 2007 to make India the top receiver of migrant remittances according to the latest World Bank data.
4. Essar Steel sets sights on ArcelorMittal’s US plant, Sparrows Point mill.
5. Lifestyle diseases offer big bucks for pharma. Diabetes and cardio-vascular together have shown 75% growth in 2007. Nearly 11% of India’s urban population and 3% of rural population above the age of 15 have diabetes.
6. Fearing adverse effect on the growth, steelmakers in India join hands against govt’s move to form regulatory body.
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