Regulators in the United States, Europe and Asia are scanning a number of key financial institutions for manipulating Inter-Bank Lending rates. In this context, Barclays Bank was fined $ 452 million which is the first company to admit such fault. Regulators in the US, Europe and Asia are looking into other major names including City Group, JPMorgan and Deutsche Bank. British Banks, HSBC and Royal Bank of Scotland are also under scanner.

• Delhi Investment Summit on Afghanistan in New Delhi - This was the first ever investment summit in India for another country.

External Affairs Minister, S M Krishna while addressing the Delhi Investment Summit on Afghanistan in New Delhi assured that India will continue to follow its vision of stabilizing Afghanistan through trade, investment and regional cooperation. S M Krishna encouraged international investors and regional countries to pursue this vision for Afghanistan individually or in partnership with others. 

Objective: To attract, foreign investment into Afghanistan in the light of new opportunities opening up in areas like mining, hydrocarbons and infrastructure, and badly needed investments in traditional sectors like agriculture, industry, capacity-building, health and services, after three decades of conflict.

The summit witnessed overwhelming response of the Indian business community.
India has loosened up customs duties for Afghanistan's exports as part of an enterprise for Least Developed Countries in the SAARC

India considers Afghanistan's mineral resources, agricultural products and human resources as potential drivers of growth and regional economic development. This vision needs international support in the form of institutional finance and foreign investment.

• Greece Prime Minister Antonis Samaras declared Greek economist Yannis Stournaras as the country's new Finance Minister. He took the place of Vassilis Rapanos who had submitted resignation due to health reasons. 
• Stournaras, 55, is a cherished laissez-faire pro-reform economist who served as Development and Shipping Minister in the custodian government that led Greece to the 2^nd round of national elections after the first inconclusive poll.

The Planning Commission approved an Annual Plan outlay of Rs 28,000 crore for Bihar for the current fiscal. The plan was finalized at a meeting in New Delhi between the Commission's Deputy Chairman Montek Singh Ahluwalia and Bihar Chief Minister Nitish Kumar. According to Planning Commission Bihar is rapidly catching up with other developed states.

The government and IITs resolved the issues on the entrance exam by reaching a compromise formula over organizing the common exam from 2013 academic year. According to the agreement, from 2013, class 12^th marks will be used only as cut-off to screen students for eligibility for admission the IITs. Aspirants will have be in the top 20 percentile of their respective boards to be eligible. The IIT merit list will be decided by JEE Advanced. JEE Advanced will be organized on a separate date from JEE Main and only IITs will conduct and manage this test. Joint Admission Board and Joint Implementation Committee on JEE Advanced will coordinate with organizing body for JEE Main.