In a boost to beleaguered traditional marine fishermen living along Paradip coast in Odisha, the state government is all set to extend public distribution system (PDS) doles to over 5,000 fishermen families.
The rupee fell to 56.03 after Fitch Ratings cut India's sovereign outlook to "negative" from "stable".
India's annual consumer price inflation remained unchanged in May at 10.36 percent whereas In April, consumer prices provisionally rose 10.36 percent.
The rupee gained on Monday following the Greek election results supporting the bailout. RBI will also look at cutting interest rates by 25 base points
Maharashtra Sales Tax department has unearthed tax evasion of Rs 1,000 crore, involving 1,150 hawala dealers. Of this, Rs 400 crore has already been collected.
Singh also noted that BRICS countries have been the new growth poles of the global economy.
Greek elections will set the stage for a volatile week in the financial markets.
The bond prices and Indian stocks fell following inflation rise to 7.55 percent. The BSE sensex fell 0.2 percent following these numbers.
Nomura said the central bank has wanted the repo rate to "remain the operative rate," and has thus brought banking system liquidity into deficit to increase the effectiveness of India's main lending rate.
The IEA, which advises on energy policies of oil consuming nations, said the world was better supplied with oil now than in recent years but warned against calling it an over-supplied market.
Greece's debt management agency says the country has raised 1.625 billion ($2 billion) in an auction of 26-week treasury bills, but at a relatively hefty interest rate that rose from a similar debt sale last month.
The market participants also went on to overlook the disappointing industrial production numbers for April that showed IIP expanded at a frustratingly slow pace of 0.1%
Optimism over a bailout for Spain's troubled banks faded on concerns about the impact the package will have on public debt, while uncertainty surrounding elections in Greece compounded worries the financial crisis in Europe will deepen
Direct tax collections in 2011-12 was about Rs 4.95 lakh crore, marginally short of the downwardly revised target of Rs 5.05 lakh.
Mukherjee would meet with chiefs of public sector banks and financial institutions to review their performances.
Spain will become the fourth eurozone nation to receive a relief package from the EU and the International Monetary Fund after Greece, Ireland and Portugal since the outbreak of the euro-zone sovereign debt crisis two years ago.
The Indian and Chinese economies that once showed a lot of promise and growth are now starting to falter, according to Paris-based Organisation for Economic Co-operation and Development (OECD)
Oil is now trading at about $100 a barrel after falling back from a four-year high of $128 in March. Worries about the slow pace of global economic recovery have helped depress prices.
Ahluwalia also said he expects India to grow 6.5-7.0% in the 2012/13 fiscal year that started in April.
The NEC official said the border residents in the region were the richest in terms of economic activities.
The business model for rental housing stock should be such that developers as well as those who would manage are able to earn profit.
The study on 'socio-economic impact assessment of Bt cotton in India' has highlighted that area under cotton has grown by 4.91 percent in the last 10 years.
The chief minister had a detailed discussion with Nabard chairman over development of the state.
The UPA government has renewed efforts for a consensus on on the politically-sensitive issue of FDI in retail, estimated to be a about $550 billion market.
The finance minister recently held discussions with chief ministers of North Eastern states on the fiscal situation.
The yellow metal rose in tandem with the euro ahead of the European Central Bank policy meeting expecting a stimulus package to ease the eurozone crisis.
Asian shares sore as Spain hopes for a stimulus package to bail itself out of the eurozone crisis. The Australian dollar and the Japanese nikkei rose by a percent.
Nomura predicted that the RBI will cut the repo rate by 25 basis points in its June 18 policy meeting following the RBI's deputy governor's statement that there's room for rate cuts.
In dismissing the optimism brought by the RBI deputy governor announcing some room for rate cuts, JP Morgan said that this rate cut won't help ease the pressures caused by the macroeconomic conditions.