* AUTO: Ford India has received over 30,000 bookings for its compact sports utility vehicle EcoSport since its launch on Jun 26.
* DEFENCE: Government has decided to allow over 26% FDI in defence production subject to approval by Cabinet Committee on Security.
* ECONOMY: Finance Minister said RBI's steps to reduce volatility in foreign exchange market were short-term measures. India will finance current account deficit in the current financial year without drawing down on reserves, Finance Minister P. Chidambaram said. India 's debt profile is "within sustainable limits" and is consistently improving, the government said in a status report on debt.
* ENERGY: State-owned oil marketing firms may lose 3.62 bln rupees per day on sale of subsidised fuels during the fortnight ending Jul 31. Government has allowed FDI in petroleum refining sector via automatic route but maintained the cap at 49%.
* EXCHANGES: Government has allowed 49% FDI in stock exchanges, depositaries via automatic route.
* FINANCE: Revenue Secretary has asked service tax commissionerates to fast track applications received under Service Tax Voluntary Compliance Encouragement Scheme.
* INSURANCE: Govt has decided to hike FDI cap in insurance to 49% from 26% now, but the move needs to be approved by Parliament.
* MARKETS: Morgan Stanely has lowered its end-2013 target for the S&P BSE's 30-share Sensex to 21084 from the earlier 23069 points, mainly because the RBI's liquidity tightening measures are seen hurting companies' earnings.
* PENSION: The Cabinet is likely to approve a proposal to change withdrawal rules for the New Pension Scheme today. Pension regulator PFRDA has allowed pension fund managers to invest in both mutual fund units and infrastructure debt fund bonds, but with a note of caution over the risk involved in such an exposure.
* REGULATORS: RBI said sales growth of non-financial private corporate business sector continues to slow down for the sixth consecutive quarter in Jan-Mar. The government is considering a new regulation for spot commodity exchanges.
* RETAIL: The government may agree to ease entry norms, as demanded by retailers such as Walmart, Tesco and Carrefour.
* STEEL: POSCO has decided to pull out of its proposed 6-mln-tn steel plant in Karnataka.
* TELECOM: Government has hiked FDI in basic and cellular services to 100% from 74% now. The Department of Telecom has rejected Vodafone India 's plea to retain the existing cross holding norms governing the telecom sector.
* TEXTILES: India is planning to drastically slash tariff on import of textiles from Pakistan in an effort to normalize trading relations between the two countries.
* DEFENCE: Government has decided to allow over 26% FDI in defence production subject to approval by Cabinet Committee on Security.
* ECONOMY: Finance Minister said RBI's steps to reduce volatility in foreign exchange market were short-term measures. India will finance current account deficit in the current financial year without drawing down on reserves, Finance Minister P. Chidambaram said. India 's debt profile is "within sustainable limits" and is consistently improving, the government said in a status report on debt.
* ENERGY: State-owned oil marketing firms may lose 3.62 bln rupees per day on sale of subsidised fuels during the fortnight ending Jul 31. Government has allowed FDI in petroleum refining sector via automatic route but maintained the cap at 49%.
* EXCHANGES: Government has allowed 49% FDI in stock exchanges, depositaries via automatic route.
* FINANCE: Revenue Secretary has asked service tax commissionerates to fast track applications received under Service Tax Voluntary Compliance Encouragement Scheme.
* INSURANCE: Govt has decided to hike FDI cap in insurance to 49% from 26% now, but the move needs to be approved by Parliament.
* MARKETS: Morgan Stanely has lowered its end-2013 target for the S&P BSE's 30-share Sensex to 21084 from the earlier 23069 points, mainly because the RBI's liquidity tightening measures are seen hurting companies' earnings.
* PENSION: The Cabinet is likely to approve a proposal to change withdrawal rules for the New Pension Scheme today. Pension regulator PFRDA has allowed pension fund managers to invest in both mutual fund units and infrastructure debt fund bonds, but with a note of caution over the risk involved in such an exposure.
* REGULATORS: RBI said sales growth of non-financial private corporate business sector continues to slow down for the sixth consecutive quarter in Jan-Mar. The government is considering a new regulation for spot commodity exchanges.
* RETAIL: The government may agree to ease entry norms, as demanded by retailers such as Walmart, Tesco and Carrefour.
* STEEL: POSCO has decided to pull out of its proposed 6-mln-tn steel plant in Karnataka.
* TELECOM: Government has hiked FDI in basic and cellular services to 100% from 74% now. The Department of Telecom has rejected Vodafone India 's plea to retain the existing cross holding norms governing the telecom sector.
* TEXTILES: India is planning to drastically slash tariff on import of textiles from Pakistan in an effort to normalize trading relations between the two countries.
