* AGRICULTURE: Food Corp of India has adequate food grain stocks to meet the requirement under the National Food Security Ordinance.
* AUTO: Honda Cars India is "studying the potential" within the Indian market for a possible launch of a multi-purpose vehicle on the Brio platform. Delhi Transport Corp mulls purchasing low floor buses from foreign players; the move could hit TATA MOTORS and ASHOK LEYLAND.
* AVIATION: Civil aviation ministry has roped in Competition Commission of India to keep a check on domestic fare hikes.
* BANKING: The Reserve Bank of India has cut overall limit in borrowing from the liquidity adjustment facility to 0.5% of the net demand and time liabilities of each bank. Banks must conduct know-your-customer exercise in at least every two years for accounts, which are categorised as 'high-risk'. Aditya Birla group chairman Kumar Mangalam Birla has resigned from the board of Reserve Bank of India after his group firm applied for a banking licence some weeks ago.
* CAPITAL GOODS: The government is planning to review the inverted duty structure in the capital goods sector to increase local manufacturing and reduce imports.
* COURTS: Former Chief Justice of India Altamas Kabir has denied three specific allegations on jumping the gun to give relief to Sahara group.
* EXCHANGES: BSE will refund 90% of the amount raised as membership deposit from brokers, amounting to 1.5-1.8 bln rupees, bowing to pressure from old members.
* GOVERNMENT: Reviewed the progress in the implementation of National Manufacturing Policy in states where industrial zones are to be set up. Is set to allow a direct line of investment for sovereign wealth funds in tax-free infrastructure bonds as part of measures to shore up forex reserves.
* INFORMATION TECHNOLOGY: National Association of Software and Services Companies President Som Mittal has said there is no need to revise its 2013-14 growth forecast of 12-14% for the industry. He said the industry will be a net hirer FY14 but at slower rate.
* LUXURY GOODS: Companies making luxury goods plan to increase prices by 10-15% owing to a weak rupee.
* METAL & MINING: ArcelorMittal has got 2,000 acres to set up 6-mln-tn-per-annum steel plant in Bellary , Karnataka. The third palli or gram sabha in Trilochanpur panchayat adopted a unanimous resolution on Tuesday not to allow digging of bauxite ore from Niyamgiri hills area.
* OIL & GAS: The Empowered Group of Ministers will Thursday consider providing natural gas to power plants. Public sector fuel retailers--BHARAT PETROLEUM CORP, INDIAN OIL CORP and HINDUSTAN PETROLEUM CORP-- have floated a joint tender to purchase 1.33 mln kL of ethanol. Government plans a 372.3-bln-rupee refinery at Barmer and has prepared a note for the Cabinet to give poll-bound Rajasthan its second-largest project.
* POWER: French energy giant GDF Suez is close to buying a 900 MW coastal power plant owned by Hyderabad-based Meenakshi Energy.
* REGULATORS: SEBI is set to resurrect the Real Estate Investment Trust regime to curb 'mad rush' by investors to buy gold and replicate the success in Singapore's real estate listings; also plans to create new category in Alternative Investment Funds platform to subscribe to REIT units.
* RETAIL: Wal-Mart has expressed its inability to the government on meeting the 30% sourcing norm in the multi-brand segment, stating it can procure only about 20%.
* SPECIAL ECONOMIC ZONE: Government is looking to give a facelift to its SEZ policy to give impetus to exports to help cut current account deficit and also rekindle lost interest among investors.
* STEEL: Commerce and Industry Minister has written to the Prime Minister, raising concern over withdrawal of mega steel projects by ArcelorMittal and POSCO.
* SUGAR: Mill owners in Uttar Pradesh have told states they cannot pay last year's cane price of 280 rupees per quintal unless the government gives relief of 40 rupees or pays this amount to sugarcane growers directly.
* TAXATION: The empowered committee of state finance ministers has decided to include entry taxes in the proposed Goods and Services Tax, even though thorny issues remain unresolved.
* TELECOM: Vodafone India Chairman Analjit Singh will meet Finance Minister P. Chidambaram early next week to discuss the tax dispute between the company and the government. The Telecom Regulatory Authority of India has sought views from industry and stakeholders on the valuation and auction reserve price of mobile phone airwaves the government plans to sell.
* AUTO: Honda Cars India is "studying the potential" within the Indian market for a possible launch of a multi-purpose vehicle on the Brio platform. Delhi Transport Corp mulls purchasing low floor buses from foreign players; the move could hit TATA MOTORS and ASHOK LEYLAND.
* AVIATION: Civil aviation ministry has roped in Competition Commission of India to keep a check on domestic fare hikes.
* BANKING: The Reserve Bank of India has cut overall limit in borrowing from the liquidity adjustment facility to 0.5% of the net demand and time liabilities of each bank. Banks must conduct know-your-customer exercise in at least every two years for accounts, which are categorised as 'high-risk'. Aditya Birla group chairman Kumar Mangalam Birla has resigned from the board of Reserve Bank of India after his group firm applied for a banking licence some weeks ago.
* CAPITAL GOODS: The government is planning to review the inverted duty structure in the capital goods sector to increase local manufacturing and reduce imports.
* COURTS: Former Chief Justice of India Altamas Kabir has denied three specific allegations on jumping the gun to give relief to Sahara group.
* EXCHANGES: BSE will refund 90% of the amount raised as membership deposit from brokers, amounting to 1.5-1.8 bln rupees, bowing to pressure from old members.
* GOVERNMENT: Reviewed the progress in the implementation of National Manufacturing Policy in states where industrial zones are to be set up. Is set to allow a direct line of investment for sovereign wealth funds in tax-free infrastructure bonds as part of measures to shore up forex reserves.
* INFORMATION TECHNOLOGY: National Association of Software and Services Companies President Som Mittal has said there is no need to revise its 2013-14 growth forecast of 12-14% for the industry. He said the industry will be a net hirer FY14 but at slower rate.
* LUXURY GOODS: Companies making luxury goods plan to increase prices by 10-15% owing to a weak rupee.
* METAL & MINING: ArcelorMittal has got 2,000 acres to set up 6-mln-tn-per-annum steel plant in Bellary , Karnataka. The third palli or gram sabha in Trilochanpur panchayat adopted a unanimous resolution on Tuesday not to allow digging of bauxite ore from Niyamgiri hills area.
* OIL & GAS: The Empowered Group of Ministers will Thursday consider providing natural gas to power plants. Public sector fuel retailers--BHARAT PETROLEUM CORP, INDIAN OIL CORP and HINDUSTAN PETROLEUM CORP-- have floated a joint tender to purchase 1.33 mln kL of ethanol. Government plans a 372.3-bln-rupee refinery at Barmer and has prepared a note for the Cabinet to give poll-bound Rajasthan its second-largest project.
* POWER: French energy giant GDF Suez is close to buying a 900 MW coastal power plant owned by Hyderabad-based Meenakshi Energy.
* REGULATORS: SEBI is set to resurrect the Real Estate Investment Trust regime to curb 'mad rush' by investors to buy gold and replicate the success in Singapore's real estate listings; also plans to create new category in Alternative Investment Funds platform to subscribe to REIT units.
* RETAIL: Wal-Mart has expressed its inability to the government on meeting the 30% sourcing norm in the multi-brand segment, stating it can procure only about 20%.
* SPECIAL ECONOMIC ZONE: Government is looking to give a facelift to its SEZ policy to give impetus to exports to help cut current account deficit and also rekindle lost interest among investors.
* STEEL: Commerce and Industry Minister has written to the Prime Minister, raising concern over withdrawal of mega steel projects by ArcelorMittal and POSCO.
* SUGAR: Mill owners in Uttar Pradesh have told states they cannot pay last year's cane price of 280 rupees per quintal unless the government gives relief of 40 rupees or pays this amount to sugarcane growers directly.
* TAXATION: The empowered committee of state finance ministers has decided to include entry taxes in the proposed Goods and Services Tax, even though thorny issues remain unresolved.
* TELECOM: Vodafone India Chairman Analjit Singh will meet Finance Minister P. Chidambaram early next week to discuss the tax dispute between the company and the government. The Telecom Regulatory Authority of India has sought views from industry and stakeholders on the valuation and auction reserve price of mobile phone airwaves the government plans to sell.
