Government accepted in Parliament that there have been problems in distribution of foodgrains.
IIP is showing signs of improvement,reflecting that the country is back on trajectory of growth.
Of the total sanctioned strength of 15,66,964 employees,there were 1,72,444 vacancies,Mamata said.
S&P said that India's ratings may be lowered if fiscal consolidation is delayed further.
The 2009 budget was pro-growth and addressed stimulus needs of economy,Ahluwalia said.
Ratings agency Moody's said that the budget for 2009/10 is consistent with a stable outlook.
The Budget is not likely to raise the much-talked-about cess on diesel and petrol.
Railway Minister Mamata Banerjee fought off criticism that her Railway Budget was Bengal-centric.
BJP slammed the railway budget saying that it had been prepared in haste and failed to provide the needed impetus.
The 2009/10 railways budget is a 'competent' job,Prime Minister Manmohan Singh said.
Financial firm Citi said that oil companies may lose Rs 40,000 crore in revenues.
The govt can still afford tax cuts as they could dent revenue receipts and widen fiscal deficit,while an increase in the tax burden could reverse the stimulus needed to accelerate growth.
The MET office said the conditions were favourable for further advance of monsoon into some more parts of MP.
'RBI will make a detailed assessment in July quarterly review of the economy.'
The Indian economy is returning to a potential growth path after adjusting to intense dislocation.
PM's economic advisor predicted that the Indian economy would recover in the next six months.
After United States,India is the largest investor in United Kingdom in 2008-09.
Global financial services provider Citi said that inflation moving into the negative territory is 'no surprise'.
The Finance Ministry is likely to provide a booster to NPS in forthcoming Budget by exempting initial contribution to it from income tax.
Russian President Dmitry Medvedev said on Tuesday world needed new reserve currencies.
Gold prices extended losses for the third straight day in the bullion market.
Pranab said there was a need to find ways to bring the economy back to higher growth path.
Global rating agency Standard & Poor's said it may downgrade India's sovereign rating.
The govt has scope to raise funds through asset sales of state-run firms,Ahluwalia said.
Disagreement between India and US over reduction in tariffs led to collapse of talks in Geneva.








