* AGRICULTURE: The government's wheat procurement so far in the current marketing season started April is about 28% lower on year at 25.0 mln tn.
* AUTOMOBILE: The government plans to mandate that heavy trucks and buses have antilock braking system in a bid to improve road safety.
* BANKING: RBI may grant new bank licences by March next year.
* CORPORATE: The Union Cabinet approved the proposal for permitting the managements of central public service enterprises to initiate wage negotiations, effective from Jan 1, 2012.
* ECONOMY: Chief Economic Adviser Raghuram Rajan said better implementation of reform measures can help India achieve 6% gross domestic product growth in 2013-14 (Apr-Mar).Planning Commission Deputy Chairman Montek Singh Ahluwalia said the slowdown in India's gross domestic product growth was temporary and the country can get back to 7.0% growth in two years with corrective steps.
* GOVERNMENT: The government's expenditure on major subsidies in 2012-13 (Apr-Mar) stood at 2.48 trln rupees, up 17.3% on year, a government official said. Food subsidy during 2012-13 was 853.69 bln rupees, up 17.2% on year, a government official said. The Andhra Pradesh government has planned credit outlay of 1.33 trln rupees in 2013-14, 20% higher on year. The food security bill was not taken up in the Cabinet meeting on Tuesday.
* MONSOON: The country got average rainfall of 3.3 mm Tuesday, 1% above the normal rainfall of 3.2 mm, the India Meteorological Department said.
* OIL & GAS: The government plans to offer new oil and gas blocks for exploration under India 's New Exploration Licensing Policy in 2013-14, Petroleum Minister M. Veerappa Moily said.
* PORTS: The Odisha government's commerce and transport department has proposed to amend some conditions of concessional pacts signed with port developers which may make it difficult for LARSEN & TOUBRO and TATA STEEL to sell stake in their joint venture Dhamra Port.
* REAL ESTATE: The Union Cabinet has cleared the real estate regulator bill that aims to protect home buyers' interests. The Enforcement Directorate has slapped a show-cause notice on Emaar MGF land for violation of Foreign Exchange Management Act to the tune of 86 bln rupees.
* STOCK MARKET: Morgan Stanley sees a strong upside for the Indian equity market and is expecting the S&P BSE Sensex to test 23000 by December.
* TELECOM: Telecom Regulatory Authority of India has released draft amendments to Interconnection Regulations applicable for digital addressable cable television systems.
* AUTOMOBILE: The government plans to mandate that heavy trucks and buses have antilock braking system in a bid to improve road safety.
* BANKING: RBI may grant new bank licences by March next year.
* CORPORATE: The Union Cabinet approved the proposal for permitting the managements of central public service enterprises to initiate wage negotiations, effective from Jan 1, 2012.
* ECONOMY: Chief Economic Adviser Raghuram Rajan said better implementation of reform measures can help India achieve 6% gross domestic product growth in 2013-14 (Apr-Mar).Planning Commission Deputy Chairman Montek Singh Ahluwalia said the slowdown in India's gross domestic product growth was temporary and the country can get back to 7.0% growth in two years with corrective steps.
* GOVERNMENT: The government's expenditure on major subsidies in 2012-13 (Apr-Mar) stood at 2.48 trln rupees, up 17.3% on year, a government official said. Food subsidy during 2012-13 was 853.69 bln rupees, up 17.2% on year, a government official said. The Andhra Pradesh government has planned credit outlay of 1.33 trln rupees in 2013-14, 20% higher on year. The food security bill was not taken up in the Cabinet meeting on Tuesday.
* MONSOON: The country got average rainfall of 3.3 mm Tuesday, 1% above the normal rainfall of 3.2 mm, the India Meteorological Department said.
* OIL & GAS: The government plans to offer new oil and gas blocks for exploration under India 's New Exploration Licensing Policy in 2013-14, Petroleum Minister M. Veerappa Moily said.
* PORTS: The Odisha government's commerce and transport department has proposed to amend some conditions of concessional pacts signed with port developers which may make it difficult for LARSEN & TOUBRO and TATA STEEL to sell stake in their joint venture Dhamra Port.
* REAL ESTATE: The Union Cabinet has cleared the real estate regulator bill that aims to protect home buyers' interests. The Enforcement Directorate has slapped a show-cause notice on Emaar MGF land for violation of Foreign Exchange Management Act to the tune of 86 bln rupees.
* STOCK MARKET: Morgan Stanley sees a strong upside for the Indian equity market and is expecting the S&P BSE Sensex to test 23000 by December.
* TELECOM: Telecom Regulatory Authority of India has released draft amendments to Interconnection Regulations applicable for digital addressable cable television systems.
