* AGRICULTURE: US has rejected India 's proposal to World Trade Organization seeking flexibility to continue helping poor farmers through support prices without a limit on subsidy.
* AUTOMOBILE: Government plans to give carmakers a three-year window till 2017 to meet fuel efficiency norms that are slated to be announced in few weeks.
* BROKERAGE: SEBI has slapped a penalty of 800,000 rupees on Finquest Securities for violating broker norms in the matter of dealing with shares of erstwhile Bank of Rajasthan.
* ENERGY: India 's crude refining output rose 5.6% year-on-year to 16.098 mln tn in March even as capacity utilisation declined year-on-year.
* INFLATION: Inflation based on the Wholesale Price Index is likely to fall to an over three-year low of 5.3-5.4% in April from 5.96% in March, mainly because of a high base effect, a senior finance ministry official said.
* MUTUAL FUNDS: The income tax department has sent fresh notices to mutual fund houses asking them to pay taxes on income from pass through certificates.
* OIL & GAS: The government remains divided over linking prices of natural gas with international benchmarks.
* SUGAR: Maharashtra is likely to go the Karnataka way by linking cane price payments to cane by-products, Sugar Commissioner of the state Vijay Singhal said.
* TELECOM: The Supreme Court will continue to hear the pleas of AIRTEL Chairman Sunil Bharti Mittal and ESSAR GROUP promoter Ravi Ruia challenging the 2G trial court's summons to them in the excess spectrum allocation case.
-RELIANCE COMMUNICATIONS LTD's total subscriber base--wireless and wireline combined--was at 124.2 mln in March, up 2.5% from February, according to data released by Association of Unified Telecom Service Providers of India.
-Tata Teleservices Ltd is offering a pre-paid data subscriber identity module, or SIM card, for 20 rupees to be used in dongles, smartphones and tablets for its subscribers in Karnataka.
