* BANKING: Modal deposit rates of commercial banks declined 5 basis points in Apr-Jun due to the 25-basis-point repo rate cut in May. CRISIL Research sees low probability of the Reserve Bank of India cutting the repo rate in the current financial year.
* ECONOMY: Governor D. Subbarao says RBI has reservations about the country issuing sovereign bonds overseas to finance current account deficit as the costs are likely to outweigh the benefits.
* PHARMACEUTICALS: The government notified excise duty exemption on re-labeled scheduled formulations that had to be printed again following the Drugs Price Control Order 2013.
* POWER: Empowered Group of Ministers on priority allocation of natural gas is likely to meet next week.
* REGULATORY: A magistrate today issued fresh summons to two Sahara Group firms and their top executives asking them to appear on Sep 30 in connection with the alleged violation of regulations of Companies Act and Securities and Exchange Board of India Act.
* RETAIL: The Union Cabinet is likely to mull relaxing some mandatory conditions in the foreign direct investment policy for multi-brand retail trade Thursday.
* STATES: The Congress party has approved formation a Telangana state by separating 10 districts from Andhra Pradesh.
* TELECOM: TRAI has floated a consultation paper on Foreign Direct Investment in various segments of the broadcasting sector.
* ECONOMY: Governor D. Subbarao says RBI has reservations about the country issuing sovereign bonds overseas to finance current account deficit as the costs are likely to outweigh the benefits.
* PHARMACEUTICALS: The government notified excise duty exemption on re-labeled scheduled formulations that had to be printed again following the Drugs Price Control Order 2013.
* POWER: Empowered Group of Ministers on priority allocation of natural gas is likely to meet next week.
* REGULATORY: A magistrate today issued fresh summons to two Sahara Group firms and their top executives asking them to appear on Sep 30 in connection with the alleged violation of regulations of Companies Act and Securities and Exchange Board of India Act.
* RETAIL: The Union Cabinet is likely to mull relaxing some mandatory conditions in the foreign direct investment policy for multi-brand retail trade Thursday.
* STATES: The Congress party has approved formation a Telangana state by separating 10 districts from Andhra Pradesh.
* TELECOM: TRAI has floated a consultation paper on Foreign Direct Investment in various segments of the broadcasting sector.
