* BANKING: Financial Services Secretary Rajiv Takru said the government has never attempted to dictate terms or give directions to the RBI and had no intention of undermining its autonomy by trying to interfere in the process of granting bank licences.- The government is looking at setting up a bank in Myanmar through the joint venture route.
* ENERGY: India has evinced interest in procuring energy and oil and natural gas from Myanmar .
* INSURANCE: Life Insurance Corp of India plans to make a total investment of 2.25 trln rupees this year.
* POWER: Power prices in the short-term market have declined, as financially- ill distribution companies are avoiding purchases.
* REGULATORY: Bank of England leaves bank rate unchanged at 0.5%.
* RETAIL: Government has said a foreign investor in multi-brand retail cannot distribute or export the manufactured or processed goods procured from the small industry for its foreign operations. Also, they will need to invest afresh in backend infrastructure.
* STEEL: Rashtriya Ispat Nigam will raise 6 bln rupees through debt to fund its 16-bln-rupee capital expenditure plan for 2013-14 (Apr-Mar).
* SUGAR: Taking advantage of weak international prices and lower import duty, India imported 1.48 mln tn sugar during Oct-May.
* TAXATION: The finance ministry is likely to notify by the end of the month the Commodities Transaction Tax on non-farm commodities, announced in the
Budget for 2013-14 (Apr-Mar).
* ENERGY: India has evinced interest in procuring energy and oil and natural gas from Myanmar .
* INSURANCE: Life Insurance Corp of India plans to make a total investment of 2.25 trln rupees this year.
* POWER: Power prices in the short-term market have declined, as financially- ill distribution companies are avoiding purchases.
* REGULATORY: Bank of England leaves bank rate unchanged at 0.5%.
* RETAIL: Government has said a foreign investor in multi-brand retail cannot distribute or export the manufactured or processed goods procured from the small industry for its foreign operations. Also, they will need to invest afresh in backend infrastructure.
* STEEL: Rashtriya Ispat Nigam will raise 6 bln rupees through debt to fund its 16-bln-rupee capital expenditure plan for 2013-14 (Apr-Mar).
* SUGAR: Taking advantage of weak international prices and lower import duty, India imported 1.48 mln tn sugar during Oct-May.
* TAXATION: The finance ministry is likely to notify by the end of the month the Commodities Transaction Tax on non-farm commodities, announced in the
Budget for 2013-14 (Apr-Mar).
