Money is available through a $50 bn program to encourage mortgage servicers to ease terms.
Annual economic growth slowed to 6.1 per cent from 6.8 per cent in the fourth quarter of 2008.
Domestic air travel in the first three months of this year witnessed a sharp fall.
JSW Energy will invest Rs 5,000 crore in commissioning power projects worth 1,200 MW this financial year.
The CMIE has said that the improved demand for steel will continue in the current fiscal.
Sugar prices are likely to go up after June due to fear of rapid depletion of inventories.
India's exports fell for a 6th straight month according to the provisional estimate for March.
Three Indian entities have entered BusinessWeek magazine's list of world's 50 most innovative companies.
Inflows remained robust in the first half of 2008-09 but with the deepening of international financial crisis,it slowed down.
Vice President Hamid Ansari said the Govt was mulling steps to ensure welfare of expatriates.
The forex inflow through FDI,stocks and foreign institutions had come down from $64 bn to $13 bn.
The mutual funds industry is sitting on a volcano as 75-80 pct of its assets are short-term.
The IMF sees the world economy contracting by between 0.5 per cent and 1 per cent in 2009.
The report said once the current turmoil had passed,fiscal discipline needed to be reasserted.
Bolstered by "hopeful signs" in certain sectors,the government said India will beat the IMF projection of 5.1 per cent growth in 2009.
India is likely to grow at 6.5 per cent or above in the current fiscal and in 2009-10.
The government expects growth in the Indian economy to slow to 7.1 per cent in 2008/09.
Of the total tax recovery made,Rs 13,000 crore was collected from regular tax payers.
India is confident of meeting its revised direct tax collection target of $67 bn for the current fiscal.
India's combined fiscal deficit is likely to narrow slightly to 10.3 per cent of GDP,from 10.8 per cent in 2008/09,Nomura said in research note.
India's real GDP is projected to grow by 7% in FY 10,Centre for Monitoring Indian Economy said.
At a time when the world economy is facing credit freeze,India attracted $2.7-bn FDI in January.