Greece Defaults on IMF Payment Despite Overtures to Creditors Greece was not able to repay 1.6 billion euros it owed to the International Monetary Fund, in what was the largest missed payment in the Fund's history.
• Asia Steadies, Euro Bears Greek Burden
Why India is Better Placed to Weather Greek Storm: 10 Facts The Greece crisis has evoked fears of a contagion effect in Europe but analysts and policy-makers say that India is better placed to handle the storm.
Petrol Prices Cut by 31 Paise a Litre, Diesel by 71 Paise Petrol prices on Tuesday were cut by 31 paise per litre, while diesel prices were reduced by 71 paise per litre, in line with the trend in global oil rates.

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