NEW DELHI (Reuters) – The government is keeping a close watch on futures trading in commodities, Finance Minister Pranab Mukherjee told parliament on Tuesday.

NEW DELHI (Reuters) – The current trend in inflation in India is a result of a shortage of food items and not due to a demand-push factor, Finance Minister Pranab Mukherjee told parliament on Tuesday.

The ratings agency Moody’s has said that the restructuring of Dubai World’s liabilities will not threaten the credit quality of the UAE’s federal government or the emirate of Abu Dhabi. Both the federal and Abu Dhabi governments are rated ‘Aa2′ with a ’stable’ outlook by Moody’s.

Abdulrahman al-Saleh, director general of Dubai’s Department of Finance has said that Dubai World’s creditors need to take part of the responsibility for their decision to lend to the companies, Reuters has reported. ‘They think Dubai World is part of the government, which is not correct,’ he said.

Lebanon has set price guidance for a $500m two-tranche bond at around 6% for a $250m five-year tranche and 7.125% for a $250m 15-year tranche, Reuters has reported. Lead managers are Bank of Beirut, Citi and Societe Generale de Banque au Liban.

Nearly 42 percent of people with adult children say they have paid off debts for their offspring at some point, according to a new CreditCards.com scientific poll.

The surest way to reduce your taxes is to convert personal expenditures into allowable deductions. Turn even a hobby into a business and you’ll cut your tax bill.

Owning a house gives you huge tax advantages. And in recent years, the IRS has made claiming even more tax breaks easy.

The ‘envelope system’ gets you organized, helps you and your preparer find tax savings — and offers peace of mind. Here’s how to put it to work.

Every year, million of people pay too much in taxes by taking the standard deduction. Are you one of them? Here’s what to do.