Prime Minister Dr. Manmohan Singh, has constituted a panel under his chairmanship, to review the global financial condition and its impact on the economy of the country. Mr. Singh had assured the corporate world in a recent meeting that government would monitor financial matters on daily basis.
The other members of committee are Finance Minister, P Chidambaram, Industry and Commerce Minister, Kamal Nath, Planning Commission Deputy Chairman, Montek Singh Ahluwalia and RBI Governor D Subbarao.
A leading car maker from China is likely to set up a car manufacturing plant in West Bengal. The state government hopes that the company would set up the plant at the site, vacated by the TATA Motors after stiff opposition from Trinamool congress led opposition parties.
Cotton processors and traders have criticized the Cotton Corporation of India (CCI) for higher cotton prices for this season. CCI is a government agency that deals with the purchase of cotton at minimum support price, fixed by the government. The processors are worried about the high price of Rs 2,850 a quintal and low profit due to competition and contractual processing of cotton.
The Union government may relax norms for foreign direct investment to increase fund flow in the monetary system of India. Union Commerce and industry minister, Kamal Nath said that the government is thinking to reduce FDI cap for many sectors such as defense equipment manufacturing and multi-brand retail. 
On Tuesday, Top seed Vikram Malhotra was extremely happy as his last National tournament as a junior fetched him the under-19 crown at the ICL Squash Academy. The young man who would turn 19 next week, won from the State-mate and second seed Aditya Jagtap in straight games in the finals. 
A new step in the science of physiology has been taken by the scientists as they have developed a structure that can support beating heart muscle, which brightens the possibility that human organs could be grown in the laboratory in near future. 
