Worries over Greece sparked a sell-off in emerging markets on Monday
The carrier planned to bring in a plane a month from March to build a fleet of at least 10 jets by the end of the year.
To cover most of the gap, the road ministry plans to raise $7 billion.
Modi's government plans to support domestic demand
The government had no option but to cut spending to meet its borrowing targets.
Officials said the government had no option but to cut spending.
The RBI holds its next policy meeting in early June.
The finance ministry is seeking to speed up deals with outside investors.
Modi sees export-led growth one of the best ways to create jobs.
The introduction of GST would constitute India's biggest reform.
The convertibility is RBI Governor's 'next big ambitious goal'.
Exports to Europe shrank by near 2 per cent in the 11 months.
India needs to move towards full capital account convertibility to become a leading global economy.
It was 2.6% in January.
Irked by India's status as the world's biggest arms importer, Modi wants to build an advanced defence industry
Prime Minister Narendra Modi signalled on Monday he would not bow to foreign pressure to commit to cuts in carbon emissions.
New Delhi has missed its target for partial privatisations for the past five years
Modi government has pledged to lay 700,000 kms of broadband cable.
India's newest airline-Vistara is bullish on growth prospects.
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