Raikkonen's 1m22.030s lap, set inside the final 20 minutes of the morning session wasn't threatened throughout the day.
The FMSCI has planned a slew of radical changes to revive the dwindling fortunes of national rallying.
The squad will not participate at the final pre-season test at Barcelona later this week.
The Japanese driver managed a 1m22.312s on Pirelli's soft compound in the final hour of the morning session.
Tata Communications will become the 'Official connectivity provider of Formula 1'.
The Force India driver set the fastest time on Pirelli's super soft compound.
Compatriot Nico Hulkenberg ended the day second for Force India with Hamilton third for McLaren.
The 27-year-old Russian, will partner Heikki Kovalainen at Caterham.
The first world championship to confirm an Indian round will visit the Buddh International Circuit on 2nd December 2012.
The German drove a 2011-spec Mercedes while Romain Grosjean was quickest of the 2012 cars for Lotus
The move will end the Indian team's decade-long association with the Japanese marque Mitsubishi.
The German topped the timesheets on the second day of the first pre-season test in a 2011-spec Mercedes W02.
The Finn was quickest on the first day of the Jerez test for Lotus F1.
The defending champion squad reveals its Renault-powered challenger
The team will have an unchanged line-up for 2012 in Kamui Kobayashi and Sergio Perez.
Lotus has revealed its 2012 Formula 1 car, the E20.
Sahara Force India unveils its 2012 title challenger, the VJM05.
Ferrari launches its F1 2012 contender.
The Indian returns to F1 full-time in 2012 with the Spanish squad.
Lack of franchises and interest led to the decision, with UP polls acting as a timely catalyst.
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