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Prime Minister Manmohan Singh reviews food management in the country with senior Cabinet colleagues in the wake of a deficient monsoon and the likely demand on stocks due to the proposed National Food Security Bill.

 
 
The IMF also cuts its global growth forecast to 3.5 per cent for this year, down from its earlier estimate of 3.6 per cent in April.
The Indian rupee rose 37 paise to trade at a fresh one-week high of 54.78 against the US dollar in early trade at the Interbank Foreign Exchange market.
 
 
Reserve Bank Governor D Subbarao says the inflation numbers on both the wholesale and retail front are way above the central bank's comfort level.
There are fundamental shifts taking place in business. Operational fixes alone may not help in a slowdown.
Inflation declined to 7.25 per cent in June as prices of manufactured items eased a little. Inflation was 7.55 per cent in May. In June 2011, it was 9.51 per cent.
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